<SEC-DOCUMENT>0001193125-18-331340.txt : 20181120
<SEC-HEADER>0001193125-18-331340.hdr.sgml : 20181120
<ACCEPTANCE-DATETIME>20181120161707
ACCESSION NUMBER:		0001193125-18-331340
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20181114
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20181120
DATE AS OF CHANGE:		20181120

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ASHLAND GLOBAL HOLDINGS INC
		CENTRAL INDEX KEY:			0001674862
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-CHEMICALS & ALLIED PRODUCTS [5160]
		IRS NUMBER:				812587835
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-211719
		FILM NUMBER:		181195772

	BUSINESS ADDRESS:	
		STREET 1:		50 E RIVERCENTER BLVD
		CITY:			COVINGTON
		STATE:			KY
		ZIP:			41011
		BUSINESS PHONE:		859-815-3333

	MAIL ADDRESS:	
		STREET 1:		50 E RIVERCENTER BLVD
		CITY:			COVINGTON
		STATE:			KY
		ZIP:			41011
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
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<FILENAME>d653933d8k.htm
<DESCRIPTION>FORM 8-K
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 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D. C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM <FONT
STYLE="white-space:nowrap">8-K</FONT> </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT
REPORT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant to Section&nbsp;13 or 15(d) </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>of the Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of report (Date of earliest event reported):&nbsp;November 14, 2018 </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>ASHLAND GLOBAL HOLDINGS INC. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of registrant as specified in its charter) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" ALIGN="center"><B>Delaware</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">333-211719</FONT></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">81-2587835</FONT></B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or other jurisdiction</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>of incorporation)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Commission</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>File Number)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(I.R.S. Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification No.)</B></P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>50 E. RiverCenter Boulevard </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Covington, Kentucky&nbsp;41011 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Registrant&#146;s telephone number, including area code (859) <FONT STYLE="white-space:nowrap">815-3333</FONT> </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below if the Form <FONT STYLE="white-space:nowrap">8-K</FONT> filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Soliciting material pursuant to Rule <FONT STYLE="white-space:nowrap">14a-12</FONT> under the Exchange Act (17
CFR <FONT STYLE="white-space:nowrap">240.14a-12)</FONT> </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to Rule <FONT
STYLE="white-space:nowrap">14d-2(b)&nbsp;under</FONT> the Exchange Act (17 CFR <FONT STYLE="white-space:nowrap">240.14d-2(b))</FONT> </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to Rule <FONT
STYLE="white-space:nowrap">13e-4(c)</FONT> under the Exchange Act (17 CFR <FONT STYLE="white-space:nowrap">240.13e-4(c))</FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule <FONT STYLE="white-space:nowrap">12b-2</FONT> of the Securities Exchange Act of 1934 (17 CFR <FONT
STYLE="white-space:nowrap">240.12b-2).</FONT> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Emerging growth company&nbsp;&nbsp;&#9744; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or
revised financial accounting standards provided pursuant to Section&nbsp;13(a) of the Exchange Act.&nbsp;&nbsp;&#9744; </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
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<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B><U>Item&nbsp;1.01.</U></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><U>Entry into a Material Definitive Agreement</U> </B></P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On November&nbsp;14, 2018, Ashland Global Holdings Inc. (&#147;Ashland&#148;) and INEOS Enterprises Holdings Limited (&#147;Buyer&#148;) entered into a Stock
and Asset Purchase Agreement (the &#147;Agreement&#148;).&nbsp;Pursuant to the Agreement, Ashland has agreed to sell substantially all of the assets (including stock of certain subsidiaries) of the segment of Ashland known as &#147;Ashland
Composites&#148; and its butanediol (BDO) manufacturing facility in Marl, Germany (the &#147;Business&#148;) to Buyer for $1,100&nbsp;million in cash (the &#147;Purchase Price&#148;), plus the assumption of certain liabilities of the Business as
specified in the Agreement.&nbsp;The Purchase Price is subject to adjustment for (i)&nbsp;changes in Net Working Capital (as defined in the Agreement) of the Business from a specified target, (ii)&nbsp;changes in Net Indebtedness (as defined in the
Agreement) of the Business and (iii)&nbsp;unfunded pension liabilities for certain pension obligations that will be assumed by Buyer. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In the Agreement,
Ashland and Buyer have made customary representations and warranties and have agreed to customary covenants relating to the sale.&nbsp;Specifically, (i)&nbsp;before the closing, Ashland will be subject to certain business conduct restrictions with
respect to the Business and (ii)&nbsp;for three years following the closing, neither Ashland nor any of its controlled affiliates will directly or indirectly engage in any business activity that competes with the Business, subject to certain
exceptions as described in the Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ashland and Buyer have agreed to indemnify each other for losses arising from certain breaches of the Agreement
and for certain other liabilities.</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ashland and Buyer have agreed to enter into related transaction agreements at the closing, including transition and
reverse transition services agreements, certain intellectual property agreements, certain manufacturing services agreements and certain other commercial agreements. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The sale is subject to certain customary closing conditions, including the (i)&nbsp;expiration or termination of any required waiting periods under the
Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, (ii)&nbsp;the approval of the European Commission pursuant to the Council Regulation (EC) No.&nbsp;139/2004 of 20&nbsp;January 2004, as amended, on the control of concentrations
between undertakings and (iii)&nbsp;certain other antitrust approvals in foreign jurisdictions.&nbsp;Subject to certain exceptions, the Agreement provides that the closing will occur on a date that is the last business day of the month after the
satisfaction of the closing conditions.&nbsp;There is no financing condition to the obligations of Buyer to consummate the transaction.&nbsp;The Agreement also contains certain termination rights, including the right of either party to terminate the
Agreement if the closing has not occurred on or before September&nbsp;10, 2019. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The above description of the Agreement and the sale of the Business does
not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Agreement, which is filed as Exhibit 2.1 hereto and incorporated by reference. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Agreement has been included to provide security holders with information regarding its terms.&nbsp;It is not intended to provide any other factual
information about Ashland or Buyer.&nbsp;The Agreement contains representations and warranties that Ashland, on one hand, and Buyer, on the other hand, made to and solely for the benefit of each other as of specific dates.&nbsp;The assertions
embodied in those representations and warranties were made solely for purposes of the contract between the parties to the Agreement and may be subject to important qualifications and limitations agreed by the parties in connection with negotiating
the terms of the contract or contained in confidential disclosure schedules.&nbsp;These disclosure schedules modify, qualify or create exceptions to the representations and warranties set forth in the Agreement.&nbsp;Some of those representations
and warranties (i)&nbsp;may not be accurate or complete as of any specified date and are modified, qualified and created in important part by the underlying disclosure schedules, (ii)&nbsp;may be subject to a contractual standard of materiality
different from those generally applicable to security holders or (iii)&nbsp;may have been used for the purpose of allocating risk between the parties to the Agreement rather than </P>
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establishing matters as facts.&nbsp;For the foregoing reasons, the representations and warranties should not be relied upon as statements of factual information.&nbsp;Security holders are not
third-party beneficiaries under the Agreement and should not rely on the representations, warranties and covenants or any descriptions thereof as characterizations of the actual state of facts or conditions of Ashland or Buyer.&nbsp;Moreover,
information concerning the subject matter of the representations and warranties may change after the date of the Agreement, which subsequent information may or may not be fully reflected in Ashland&#146;s public disclosures. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Forward-Looking Statements </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This report contains
forward-looking statements within the meaning of Section&nbsp;27A of the Securities Act of 1933, as amended and Section&nbsp;21E of the Securities Exchange Act of 1934, as amended. Ashland has identified some of these forward-looking statements with
words such as &#147;anticipates,&#148; &#147;believes,&#148; &#147;expects,&#148; &#147;estimates,&#148; &#147;is likely,&#148; &#147;predicts,&#148; &#147;projects,&#148; &#147;forecasts,&#148; &#147;objectives,&#148; &#147;may,&#148;
&#147;will,&#148; &#147;should,&#148; &#147;plans&#148; and &#147;intends&#148; and the negative of these words or other comparable terminology. Ashland may from time to time make forward-looking statements in its annual reports, quarterly reports
and other filings with the SEC, news releases and other written and oral communications. These forward-looking statements are based on Ashland&#146;s expectations and assumptions, as of the date such statements are made, regarding Ashland&#146;s
future operating performance and financial condition, as well as the economy and other future events or circumstances. These statements include, but may not be limited to, its expectations regarding its ability to complete the divestiture of its
Composites business and Marl BDO facility during the anticipated timeframe or at all. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ashland&#146;s expectations and assumptions include, without
limitation, internal forecasts and analyses of current and future market conditions and trends, management plans and strategies, operating efficiencies and economic conditions (such as prices, supply and demand, cost of raw materials, and the
ability to recover <FONT STYLE="white-space:nowrap">raw-material</FONT> cost increases through price increases), and risks and uncertainties associated with the following: the program to eliminate certain existing corporate and Specialty Ingredients
expenses (including the possibility that such cost eliminations may not occur or may take longer to implement than anticipated), the expected divestiture of its Composites segment and the Marl BDO facility, and related merchant I&amp;S products
(including, in each case, the possibility that a transaction may not occur or that, if a transaction does occur, Ashland may not realize the anticipated benefits from such transaction), the impact of acquisitions and/or divestitures Ashland has made
or may make, including the acquisition of Pharmachem (including the possibility that Ashland may not realize the anticipated benefits from such transactions); Ashland&#146;s substantial indebtedness (including the possibility that such indebtedness
and related restrictive covenants may adversely affect Ashland&#146;s future cash flows, results of operations, financial condition and its ability to repay debt); Ashland&#146;s ability to generate sufficient cash to finance its stock repurchase
plans; severe weather, natural disasters, cyber events and legal proceedings and claims (including product recalls, environmental and asbestos matters); and without limitation, risks and uncertainties affecting Ashland that are described in
Ashland&#146;s most recent Form <FONT STYLE="white-space:nowrap">10-K</FONT> (including Item 1A Risk Factors) filed with the SEC, which is available on Ashland&#146;s website at http://investor.ashland.com or on the SEC&#146;s website at
http://www.sec.gov. Various risks and uncertainties may cause actual results to differ materially from those stated, projected or implied by any forward-looking statements. Ashland believes its expectations and assumptions are reasonable, but there
can be no assurance that the expectations reflected herein will be achieved. Unless legally required, Ashland undertakes no obligation to update any forward-looking statements made in this report whether as a result of new information, future events
or otherwise. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B><U>Item&nbsp;9.01</U>.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><U>Financial Statements and Exhibits</U> </B></P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Exhibits </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" NOWRAP>2.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="d653933dex21.htm">Stock and Asset Purchase Agreement, dated November&nbsp;14, 2018, between Ashland Global Holdings Inc. and INEOS Enterprises Holdings Limited (pursuant to Item 601(b)(2) of Regulation <FONT
STYLE="white-space:nowrap">S-K,</FONT> exhibits,&nbsp;schedules and certain annexes to the Stock and Asset Purchase Agreement have been omitted; exhibits, schedules and annexes will be supplementally provided to the SEC upon request). </A></TD></TR>
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<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom">November&nbsp;20, 2018</TD>
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<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><U>ASHLAND GLOBAL HOLDINGS INC.</U></TD></TR>
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<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(Registrant)</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:3pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ J. Kevin Willis</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">J. Kevin Willis</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Senior Vice President and Chief Financial Officer</TD></TR>
</TABLE>
</DIV></Center>

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<DOCUMENT>
<TYPE>EX-2.1
<SEQUENCE>2
<FILENAME>d653933dex21.htm
<DESCRIPTION>EX-2.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-2.1</TITLE>
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 2.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>EXECUTION VERSION </B></P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>STOCK
AND ASSET PURCHASE AGREEMENT </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>by and between </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Ashland Global Holdings Inc. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>And </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>INEOS Enterprises
Holdings Limited </B></P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TABLE OF CONTENTS </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="13%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="84%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Page</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE I DEFINITIONS AND TERMS</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;1.1</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Definitions</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;1.2</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Index of Defined Terms</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;1.3</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Interpretation and Construction</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE II PURCHASE AND SALE</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;2.1</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Transferred/Excluded Assets; Transferred Company Equity Interests; Assumed/Excluded Liabilities</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;2.2</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Purchase Price at Closing</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;2.3</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Purchase Price Adjustment following Closing for Net Working Capital and Net Indebtedness</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;2.4</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Purchase Price Adjustment following Closing for Net Funded Level</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;2.5</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Holdback Taxes</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;2.6</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Allocation of the Consideration</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;2.7</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Withholding</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE III CLOSING</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;3.1</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Closing</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;3.2</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Closing; Deliveries</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE IV CONDITIONS TO CLOSING</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">35</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;4.1</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Conditions to the Obligations of Buyer and Seller</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">35</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;4.2</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Conditions to the Obligations of Buyer</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">35</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;4.3</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Conditions to the Obligations of Seller</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">36</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;4.4</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Frustration of Closing Conditions</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">36</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE V REPRESENTATIONS AND WARRANTIES OF SELLER</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">36</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.1</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Organization</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">37</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.2</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Authority; Binding Effect</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">37</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.3</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="white-space:nowrap">Non-Contravention</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">37</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.4</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Seller Governmental Consents and Approvals</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.5</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Financial Information; Undisclosed Liabilities</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.6</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Absence of Material Adverse Effect</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.7</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Equity Interests in the Transferred Entities; Equity Interests in Other Persons</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.8</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Real Property</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.9</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Material Contracts</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.10</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Intellectual Property Rights</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">41</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.11</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Title to Transferred Assets</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">42</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.12</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Sufficiency of Assets</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">42</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.13</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Compliance with Laws</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.14</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Environmental Matters</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-i- </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TABLE OF CONTENTS </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(continued) </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="13%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="84%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Page</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.15</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">No Litigation or Orders</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.16</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Governmental Authorizations</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.17</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Taxes</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.18</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Labor Matters</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.19</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Employee Benefits</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.20</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Unlawful Payments</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.21</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Brokers</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.22</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Customers and Suppliers</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.23</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Bank Accounts</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.24</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Disclaimer of Other Representations and Warranties</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">48</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE VI REPRESENTATIONS AND WARRANTIES OF BUYER</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">48</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;6.1</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Organization</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">48</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;6.2</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Authority; Binding Effect</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">48</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;6.3</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="white-space:nowrap">Non-Contravention</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;6.4</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Securities Act</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;6.5</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Buyer Governmental Consents and Approvals</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;6.6</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">No Litigation</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;6.7</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Brokers</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;6.8</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Affiliate Guarantee</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;6.9</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Buyer&#146;s Investigation</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE VII FURTHER AGREEMENTS</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">51</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;7.1</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Access, Information and Documents</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">51</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;7.2</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Conduct of Business</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">51</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;7.3</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Efforts of the Parties</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">55</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;7.4</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Certain Governmental Matters</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">55</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;7.5</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Access Post-Closing</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">57</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;7.6</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="white-space:nowrap">Non-competition;</FONT> <FONT STYLE="white-space:nowrap">Non-solicitation</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">57</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;7.7</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Further Assurances</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">59</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;7.8</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Adjustments and <FONT STYLE="white-space:nowrap">True-Ups</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">59</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;7.9</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Replacement of Credit Support Obligations</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">60</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;7.10</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">No Use of Seller Retained Names</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">60</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;7.11</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Lien Releases</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">61</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;7.12</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Data Privacy</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">62</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;7.13</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Tolling Agreements</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">62</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;7.14</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">R&amp;W Insurance Policy</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">62</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;7.15</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">India Toller Loan</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">62</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;7.16</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Intercompany Settlements</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">62</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;7.17</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">China Short-Term Bank Drafts</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">62</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;7.18</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Transferred Insurance Proceeds&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">63</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-ii- </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TABLE OF CONTENTS </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(continued) </P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="13%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="82%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Page</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE VIII CERTAIN EMPLOYEE MATTERS</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">63</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;8.1</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Employees</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">63</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;8.2</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Continuation of Employment</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">63</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;8.3</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Offers of Employment</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">64</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;8.4</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Continuation of Compensation and Benefits</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">64</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;8.5</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Inactive Employees</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">65</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;8.6</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Severance Obligations</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">65</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;8.7</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Allocation of Employment Liabilities</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">66</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;8.8</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Service Credit</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">67</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;8.9</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Accrued Paid Time Off</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">67</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;8.10</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Bonuses; Retention</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">67</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;8.11</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">401(k) Plan</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">68</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;8.12</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">WARN Act</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">69</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;8.13</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Employee Consultations</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">69</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;8.14</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Union Contracts</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">69</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;8.15</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Retained <FONT STYLE="white-space:nowrap">Non-U.S.</FONT> Seller Pension Plans; Retained U.S. Seller Benefit Plans</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">69</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;8.16</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Transferred <FONT STYLE="white-space:nowrap">Non-U.S.</FONT> Seller Pension Plans</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">70</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;8.17</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Employee Records</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">70</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;8.18</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">China Employees</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">70</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;8.19</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">No Third Party Beneficiaries</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">71</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE IX CERTAIN TAX MATTERS</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">71</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;9.1</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Indemnification for Taxes</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">71</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;9.2</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Cooperation on Tax Matters</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">72</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;9.3</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">VAT</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">72</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;9.4</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Transfer Taxes</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">73</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;9.5</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">FIRPTA Affidavit</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">73</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;9.6</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Allocation of Taxes in Straddle Periods</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">73</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;9.7</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Tax Treatment of Indemnity Payments</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">73</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;9.8</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Tax Returns</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">73</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;9.9</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Tax Contests</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">75</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;9.10</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Refunds and Post-Closing Actions</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">75</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;9.11</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Like-Kind Exchange</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">76</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE X INDEMNIFICATION</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">77</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;10.1</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Survival</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">77</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;10.2</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Indemnification by Seller</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">77</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;10.3</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Indemnification by Buyer</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">78</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;10.4</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Scope of Seller&#146;s Liability</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">78</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;10.5</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Claims</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">80</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;10.6</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Defense of Actions</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">80</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;10.7</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Limitation, Exclusivity</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">81</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-iii- </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TABLE OF CONTENTS </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(continued) </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

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<TR>
<TD WIDTH="13%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="82%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Page</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;10.8</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Calculation of Damages</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">82</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;10.9</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Apportionment of Damages</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">83</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE XI</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">TERMINATION</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">83</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;11.1</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Termination Events</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">83</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;11.2</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Effect of Termination</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">84</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE XII</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">MISCELLANEOUS</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">84</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;12.1</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Notices</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">84</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;12.2</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Amendment; Waiver</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">85</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;12.3</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Assignment</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">85</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;12.4</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Entire Agreement</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">85</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;12.5</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Fulfillment of Obligations</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">86</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;12.6</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Parties in Interest</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">86</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;12.7</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Public Disclosure</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">86</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;12.8</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Return of Information</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">86</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;12.9</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Expenses</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">86</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;12.10</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Schedules</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">86</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;12.11</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Governing Law; Jurisdiction</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">87</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;12.12</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Counterparts</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">87</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;12.13</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Headings</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">87</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;12.14</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Severability</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">87</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;12.15</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Waiver of Jury Trial</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">88</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;12.16</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Specific Performance</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">88</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;12.17</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Legal Representation</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">89</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-iv- </P>

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<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; "><B>Exhibits</B></P></TD>
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<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Exhibit A</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Form of Local Offer Letter</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Exhibit B</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Form of Transition Services Agreement</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Exhibit C</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Form of Copyright Assignment Agreement</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Exhibit D</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Form of Domain Name Assignment Agreement</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Exhibit E</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Form of General Assignment Agreement</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Exhibit F</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Form of Patent Assignment Agreement</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Exhibit G</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Form of Trademark Assignment Agreement</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Exhibit H</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Form of Assumption Agreement</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Exhibit I</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Form of Affiliate Guarantee</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Exhibit <FONT STYLE="white-space:nowrap">J-1</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Form of Data Transfer Agreement</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Exhibit <FONT STYLE="white-space:nowrap">J-2</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Form of Data Processing Agreement</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Exhibit K</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">R&amp;W Insurance Policy</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Exhibit L</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Form of Reverse Transition Services Agreement</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; "><B>Annexes</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Annex <FONT STYLE="white-space:nowrap">A-1</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Transferred Assets</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Annex <FONT STYLE="white-space:nowrap">A-2</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Excluded Assets</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Annex <FONT STYLE="white-space:nowrap">B-1</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Assumed Liabilities</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Annex <FONT STYLE="white-space:nowrap">B-2</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Excluded Liabilities</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Annex C</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Asset Selling Corporations</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Annex D</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Entity Selling Corporations and Transferred Companies</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Annex E</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Transferred Companies and Transferred Company Subsidiaries</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Annex F</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Additional Employees</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Annex G</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Excluded Employees</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Annex H</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Jurisdictions for Business Transfer Documents</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Annex I</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Closing Account Principles</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Annex J</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Excepted Selling Corporations and Excepted Jurisdictions</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Annex K</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Local Payments</P></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-v- </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>STOCK AND ASSET PURCHASE AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Stock and Asset Purchase Agreement is made and entered into as of the 14th day of November, 2018 by and between Ashland Global Holdings
Inc., a corporation organized under the laws of Delaware, having its principal place of business at 50 East RiverCenter Boulevard, Covington, Kentucky USA 41012 (&#147;<U>Seller</U>&#148;); and INEOS Enterprises Holdings Limited, a corporation
organized under the laws of England and Wales, having its principal place of business at Avenue des Uttins 3 1180 Rolle Switzerland (&#147;<U>Buyer</U>&#148;). </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>WITNESSETH</U>: </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, Seller desires to sell, and Buyer desires to acquire, the Business (as defined below); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, Seller owns, directly or indirectly, the Asset Selling Corporations (as defined below) and the Entity Selling Corporations (as
defined below); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, Seller and the Asset Selling Corporations directly own the Transferred Assets (as defined below); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, the Entity Selling Corporations directly own the Transferred Company Equity Interests (as defined below); and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, the Transferred Companies (as defined below) own, directly or indirectly, the Transferred Company Subsidiary Equity Interests
(as defined below); and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, the parties desire that (a)&nbsp;the Asset Selling Corporations sell, assign, transfer, convey
and deliver the Transferred Assets to Buyer and the Buyer Corporations (as defined below); (b) Buyer and the Buyer Corporations assume and agree to pay perform and discharge the Assumed Liabilities (as defined below); and (c)&nbsp;the Entity Selling
Corporations sell, assign, transfer, convey and deliver the Transferred Company Equity Interests to Buyer and the Buyer Corporations, in each case upon the terms and conditions set forth herein; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>NOW, THEREFORE</B>, in consideration of the promises and the mutual covenants and undertakings contained herein, subject to and on the
terms and conditions herein set forth, and intending to be bound hereby, the parties agree as follows: </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE I </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>DEFINITIONS AND TERMS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;1.1 <U>Definitions</U>. As used in this Agreement, the following terms shall have the meanings set forth or as referenced below:
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Accounts Payable</U>&#148; shall mean (a)&nbsp;all trade accounts payable and other payment obligations to suppliers of the
Business, including all trade accounts payable representing amounts payable in respect of goods shipped or products sold or services rendered; (b)&nbsp;all other accounts and notes payable of the Business; and (c)&nbsp;any Liabilities related to any
of the </P>
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foregoing, in each case (x)&nbsp;to the extent related to the Business and (y)&nbsp;excluding intercompany accounts and notes payable to Seller or any of its Affiliates (other than the
Transferred Entities). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Accounts Receivable</U>&#148; shall mean (a)&nbsp;all trade accounts receivable and other rights to
payment from customers of the Business, including all trade accounts receivable representing amounts receivable in respect of goods shipped or products sold or services rendered to customers of the Business; (b)&nbsp;all other accounts and notes
receivable of the Business; and (c)&nbsp;any claims, remedies and other rights related to any of the foregoing, in each case (x)&nbsp;to the extent related to the Business and (y)&nbsp;excluding intercompany accounts and notes receivable from Seller
or any of its Affiliates (other than the Transferred Entities). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Acquisition</U>&#148; shall mean the purchase and sale of the
Transferred Assets and the Transferred Company Equity Interests and the assumption of the Assumed Liabilities. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Affiliate</U>&#148; shall mean, with respect to any specified Person, any other Person directly or indirectly controlling, controlled
by, or under common control with, such specified Person at any time during the period for which the determination of affiliation is being made. The term &#147;<U>control</U>&#148; (including, with correlative meaning, the terms
&#147;<U>controlling</U>&#148;, &#147;<U>controlled by</U>&#148; and &#147;<U>under common control with</U>&#148;), as used with respect to any specified Person, means the possession, directly or indirectly, of the power to elect a majority of the
board of directors (or other governing body) or to direct or cause the direction of the management and policies of such Person, whether through the ownership of voting securities, by Contract or otherwise. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Agreement</U>&#148; shall mean this Stock and Asset Purchase Agreement between the parties hereto, as the same may be amended or
supplemented from time to time in accordance with the terms hereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Ancillary Agreements</U>&#148; shall mean the Assumption
Agreement, the Business Transfer Documents, the Copyright Assignment Agreement, the Domain Name Assignment Agreement, the General Assignment Agreement, the Patent Assignment Agreement, the Trademark Assignment Agreement, the Transition Services
Agreement, the Tolling Agreements, any Local Offer Letter, any Affiliate Guarantee, the Reverse Transition Services Agreement and all other agreements, documents and instruments executed and delivered in connection with the transactions contemplated
by this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Asset Selling Corporations</U>&#148; shall mean those entities listed on <U>Annex C</U> (which annex may be
updated or modified from time to time by Seller with the consent of Buyer, such consent not to be unreasonably withheld, delayed or conditioned). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Brazil Tolling Agreement</U>&#148; shall mean that certain Brazil Manufacturing Services Agreement, effective December&nbsp;1, 2010,
by and between Ara Quimica S.A. and Ashland Resinas Ltda., as amended. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Business</U>&#148; shall mean: (a)&nbsp;the business
currently conducted by the segment of Seller known as &#147;Ashland Composites&#148; and consisting of the manufacture, marketing, and sale of general-purpose and high-performance grades of unsaturated polyester and vinyl ester resins, gelcoats and <FONT
STYLE="white-space:nowrap">low-profile</FONT> additives, as well as maleic anhydride; and (b)&nbsp;the manufacture, marketing and sale by Seller, the Asset Selling Corporations and the Transferred Entities of 1,4
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-2- </P>

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butanediol and its respective raw material and butanediol related derivatives, including tetrahydrofuran, as currently conducted at Seller&#146;s and its Affiliates manufacturing facility in
Marl, Germany; <U>provided</U> that the &#147;Business&#148; shall not include the manufacture, marketing, sale and internal consumption of (x)&nbsp;any product by the business segment of Seller known as &#147;Ashland Specialty Ingredients&#148;,
including any adhesive product; and (y) 1,4 butanediol and its respective raw material and butanediol related derivatives, including tetrahydrofuran, made at Seller&#146;s and its Affiliates&#146; manufacturing facility in Lima, Ohio or which are
used in the production of other products made at Seller&#146;s and its Affiliates&#146; other manufacturing facilities, including Texas City, Texas and Calvert City, Kentucky. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Business Day</U>&#148; shall mean any day other than a Saturday, a Sunday or a day on which banks in New York, New York, U.S.A., are
authorized or obligated by Law or executive order to close. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Business Products</U>&#148; shall mean all products that have been
or are being designed, manufactured, promoted, distributed, marketed and/or sold by the Seller Affiliates exclusively in the conduct of the Business. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Business Real Property</U>&#148; shall mean the Owned Real Property and the Leased Real Property, in each case together with
Seller&#146;s or the applicable Asset Selling Corporation&#146;s or Transferred Entity&#146;s right, title and interest in all buildings, structures, improvements, and fixtures thereon and all other appurtenances thereto. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Buyer Corporations</U>&#148; shall mean those Affiliates of Buyer that are purchasing all or part of the Transferred Assets or all or
part of the Transferred Company Equity Interests, or assuming all or part of the Assumed Liabilities, and to which the rights of Buyer to purchase the Transferred Assets and the Transferred Company Equity Interests and assume the Assumed Liabilities
hereunder and under the Business Transfer Documents may be assigned in accordance with <U>Section</U><U></U><U>&nbsp;12.3</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Buyer Material Adverse Effect</U>&#148; shall mean any effect or change that, individually or in the aggregate, (a)&nbsp;has, or
would reasonably be expected to have, a material adverse effect on the ability of Buyer to perform its obligations under this Agreement and the Ancillary Agreements or (b)&nbsp;prevents, materially impairs or delays the consummation of the
Acquisition. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Buyer-Signed Tax Returns</U>&#148; shall mean all Tax Returns for Tax periods ending on or before the Closing Date
that are of the Transferred Entities or relate to the Transferred Assets, the Assumed Liabilities or the Business, in each case other than Seller-Signed Tax Returns, Transfer Tax Returns and Tax Returns of the Unconsolidated Joint Venture. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Cash Equivalents</U>&#148; shall mean cash, checks, money orders, marketable securities, short-term instruments and other cash
equivalents, funds in time and demand deposits or similar accounts, and any evidence of Indebtedness issued or guaranteed by any Governmental Authority, in each case as per the reconciled cash book and which is accessible within three
(3)&nbsp;Business Days. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>CERCLA</U>&#148; shall mean the Comprehensive Environmental Response, Compensation,
and Liability Act, 42 U.S.C. Section&nbsp;9601 et seq., as amended by the Superfund Amendments and Reauthorization Act. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>China
Bank Drafts</U>&#148; means those bank drafts payable to Ashland (China) Holdings Co., Ltd. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>China Tolling Agreement</U>&#148;
that certain China Manufacturing Services Agreement, effective March&nbsp;1, 2011, by and between ASK Chemical (Zhenjiang) New Materials Technology Company Limited and Ashland Changzhou Advanced Chemical Co., Ltd., as amended. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Closing</U>&#148; shall mean the closing of the Acquisition. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Code</U>&#148; shall mean the U.S. Internal Revenue Code of 1986. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Commingled Contract</U>&#148; shall mean any Contract relating to (a)&nbsp;the Business and (b)&nbsp;one or more other businesses of
Seller or any Affiliate of Seller. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Competition Laws</U>&#148; shall mean Laws that are designed or intended to prohibit,
restrict or regulate actions, including transactions, acquisitions and mergers, having the purpose or effect of creating or strengthening a dominant position, monopolization, lessening of competition or restraint of trade. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Confidentiality Agreement</U>&#148; shall mean that certain letter agreement regarding the use of confidential information between
Ashland LLC and INEOS EUROPE AG, dated June&nbsp;9, 2018. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Consideration</U>&#148; shall mean the combined amount of the Purchase
Price (as it may be adjusted pursuant to <U>Sections 2.2</U>, <U>2.3</U>, <U>2.4</U> and <U>9.7</U>) and the Assumed Liabilities. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Consent</U>&#148; shall mean any consent, approval or authorization of, notice to, permit, or designation, registration, declaration
or filing with, any Person. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Contract</U>&#148; shall mean any written agreement, contract, lease, license or commitment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Credit Support Obligations</U>&#148; shall mean letters of credit, guarantees, surety bonds and other credit support instruments
issued by Seller or any of its Affiliates or third parties on behalf of Seller with respect to the Business. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Effective
Time</U>&#148; shall mean 11:59 p.m. eastern time in the United States on the Closing Date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Employee</U>&#148; shall mean
(a)&nbsp;any individual who, as of the Closing Date, is an employee of Seller or any Asset Selling Corporation and who is charged exclusively to a Business cost center, (b)&nbsp;any individual who, as of the Closing Date, is an employee of any
Transferred Entity and (c)&nbsp;any other individual listed on <U>Annex F</U> (by identification number), in each case, including any such individual who is an Inactive Employee; <U>provided</U> that any individual set forth on <U>Annex G</U> shall
not be an &#147;Employee&#148;. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Employee Benefit Plan</U>&#148; shall mean any (a)&nbsp;Employee Pension Benefit
Plan, (b)&nbsp;Employee Welfare Benefit Plan, (c)&nbsp;nonqualified deferred compensation retirement plan or arrangement, or (d)&nbsp;any agreement, plan, program, fund, policy, Contract or arrangement providing compensation, pension, retirement,
superannuation, profit sharing, thirteenth month, severance, separation, termination indemnity, retention, change in control, redundancy pay, bonus, incentive compensation, group insurance, death benefit, health, welfare, cafeteria, flexible
benefit, medical expense reimbursement, dependent care, stock option, stock purchase, stock appreciation or other stock-based rights, savings, consulting, vacation pay, holiday pay, life insurance, or other employee benefit or fringe benefit plan,
program or arrangement, regardless of whether it is private, funded, unfunded, financed by the purchase of insurance, contributory or <FONT STYLE="white-space:nowrap">non-contributory.</FONT> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Employee Pension Benefit Plan</U>&#148; shall have the meaning set forth in Section&nbsp;3(2) of ERISA, whether or not subject to
ERISA. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Employee Welfare Benefit Plan</U>&#148; shall have the meaning set forth in Section&nbsp;3(1) of ERISA, whether or not
subject to ERISA. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Encumbrance</U>&#148; shall mean all mortgages, liens, charges, pledges, security interests or other similar
encumbrances of any nature. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Entity Selling Corporations</U>&#148; shall mean the entities set forth on <U>Annex D</U> (which
annex may be updated or modified from time to time by Seller with the consent of Buyer, such consent not to be unreasonably withheld, delayed or conditioned) under the caption &#147;Entity Selling Corporation.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Environmental Law</U>&#148; shall mean Laws or Orders relating to pollution or protection of the environment or natural resources
(including the generation, use, storage, management, treatment, transportation, disposal, presence, Release or threatened Release of any Hazardous Material) or occupational health and safety as applicable and in existence on the Closing Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Environmental Liability</U>&#148; shall mean any Liability (including for costs of investigation, remediation or monitoring, natural
resources or other damages, fines, personal injuries, or any obligation to take or cease any action) or other Losses relating to, arising under or resulting from (a)&nbsp;any Environmental Law or Governmental Authorization issued thereunder,
(b)&nbsp;generation, use, storage, management, treatment, transportation, or disposal of any Hazardous Material or (c)&nbsp;presence, Release or threatened Release of, or exposure to, any Hazardous Material. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Environmental Notice</U>&#148; shall mean any written complaint, citation, notice, demand or claim arising from or regarding any
actual or alleged noncompliance with any Environmental Law or Governmental Authorization issued thereunder, or any potential responsibility for assessment, response, removal, remediation, corrective action or monitoring costs thereunder. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>ERISA</U>&#148; shall mean the Employee Retirement Income Security Act of 1974. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>EU Merger Regulation</U>&#148; shall mean Council Regulation (EC) No.&nbsp;139/2004 of 20&nbsp;January 2004 on the control of
concentrations between undertakings (published in the Official Journal of the European Union on January&nbsp;29, 2004 at L 24/1). </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>European Commission</U>&#148; shall mean the Commission of the European Union. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Excepted Jurisdictions</U>&#148; shall mean those jurisdictions set forth under the heading &#147;Excepted Jurisdictions&#148; on
<U>Annex J</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Excepted Selling Corporations</U>&#148; shall mean those Selling Corporations set forth under the heading
&#147;Excepted Selling Corporations&#148; on <U>Annex J</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Fundamental Representations</U>&#148; shall mean the
representations and warranties set forth in (a)&nbsp;with respect to Seller, <U>Section</U><U></U><U>&nbsp;5.1(a)</U> (Organization), <U>Section</U><U></U><U>&nbsp;5.2</U> (Authority; Binding Effect), <U>Section</U><U></U><U>&nbsp;5.3(a)</U> <FONT
STYLE="white-space:nowrap">(Non-Contravention</FONT> of Organization Documents), <U>Section</U><U></U><U>&nbsp;5.7</U> (Equity Interests in the Transferred Entities; Equity Interests in Other Persons), and <U>Section</U><U></U><U>&nbsp;5.21</U>
(Brokers) and (b)&nbsp;with respect to Buyer, <U>Section</U><U></U><U>&nbsp;6.1</U> (Organization), <U>Section</U><U></U><U>&nbsp;6.2</U> (Authority; Binding Effect) and <U>Section</U><U></U><U>&nbsp;6.7</U> (Brokers). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Funded Indebtedness</U>&#148; shall mean, without duplication, the outstanding principal portion of, accrued and unpaid interest on,
and prepayment premiums payable with respect to, any Indebtedness of the Transferred Entities. Notwithstanding the foregoing, &#147;Funded Indebtedness&#148; shall not include (a)&nbsp;any Liabilities of the Transferred Entities that are Excluded
Liabilities or that are taken into account in the calculation of (i)&nbsp;the Intercompany Payable Amount, (ii)&nbsp;Net Working Capital or (iii)&nbsp;Net Funded Level or (b)&nbsp;any obligations of the Transferred Entities for the reimbursement of
any obligor on any letter of credit, banker&#146;s acceptance, guarantee or similar credit transaction (provided there is no outstanding demand for reimbursement thereunder). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>GAAP</U>&#148; shall mean generally accepted accounting principles and practices in effect in the United States as of June&nbsp;30,
2018, as applied, on a consistent basis, by Seller to the Business. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Governmental Authority</U>&#148; shall mean any
supranational, national, federal, state, provincial, local or municipal court, administrative or regulatory agency or other governmental authority (or any department, agency or political subdivision thereof). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Governmental Authorizations</U>&#148; shall mean all licenses, operational permits, consents, certificates, exemptions, facility
registrations, waivers and other authorizations and approvals required to carry on the Business under applicable Laws of any Governmental Authority. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Hazardous Material</U>&#148; shall mean any material, substance or waste defined or regulated in relevant form, quantity or
concentration as hazardous or toxic (or words of similar import) pursuant to any Environmental Law, including any petroleum, waste oil or petroleum constituents or <FONT STYLE="white-space:nowrap">by-products</FONT> or asbestos. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Holdback Taxes</U>&#148; shall mean any current, <FONT STYLE="white-space:nowrap">non-income</FONT> Taxes of the Transferred
Entities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>HSR Act</U>&#148; shall mean the Hart-Scott-Rodino Antitrust Improvements Act of 1976. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Inactive Employee</U>&#148; shall mean any individual who is absent from active employment on the Closing Date, other than on account
of vacation, personal or ordinary sick leave reasonably expected to result in an absence of short duration, on short-term disability leave under Part 1 of </P>
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the Seller Affiliates&#146; long-term disability plan, leave under the U.S. federal Family and Medical Leave Act or leave under any similar U.S. state Law (excluding, in each case, any such
intermittent leave reasonably expected to result in an absence of less than five (5)&nbsp;days), leave under any local Law which preserves reemployment rights for the individual, any other reason that is similar in nature or any approved leave of
absence that is expected to be for more than ten (10)&nbsp;days. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Indebtedness</U>&#148; of any Person shall mean, without
duplication, (a)&nbsp;all obligations of such Person for money borrowed; (b)&nbsp;all obligations of such Person evidenced by notes, debentures, bonds or other similar instruments for the payment of which such Person is responsible or liable,
(c)&nbsp;all obligations of such Person issued or assumed as the deferred purchase price of property or services or under any other conditional sale or title retention agreements relating to property or services purchased by such Person (excluding
trade accounts payable and other accrued current Liabilities arising in the ordinary course of business), (d) all obligations of such Person under leases required to be capitalized in accordance with GAAP; (e)&nbsp;all obligations of such Person
relating to derivative securities or interest rate or currency protection instruments, including swaps, hedges or similar agreements and any breakage costs associated therewith; (f)&nbsp;all obligations in respect of accrued or declared but unpaid
dividends or other distributions payable to the extent payable by a Transferred Entity; (g)&nbsp;all unpaid Sellers&#146; Transaction Expenses to the extent payable by a Transferred Entity; (h)&nbsp;all unfunded pension liability (x)&nbsp;related to
any Transferred <FONT STYLE="white-space:nowrap">Non-U.S.</FONT> Seller Pension Plans or (y)&nbsp;that otherwise becomes an obligation of Buyer, its Affiliates or the Transferred Entities, in each case to the extent not included in the calculation
of Net Funded Level; (i)&nbsp;any amounts due or payable to any directors of any Person by way of director loans, including any accrued interest; (j)&nbsp;any &#147;change of control&#148; payments, transaction bonuses, and retention bonuses
triggered by the consummation of the transactions contemplated by this Agreement, and including the employer-paid portion of any employment and payroll Taxes associated therewith, in each case to the extent payable by a Transferred Entity after the
Effective Time; (k)&nbsp;except for any Liabilities required to be assumed by Buyer as set forth in <U>Section</U><U></U><U>&nbsp;7.9</U>, all obligations of such Person for the reimbursement of any obligor on any letter of credit, banker&#146;s
acceptance, guarantee, or similar credit transaction (but only to the extent that there has been a demand made for reimbursement thereunder, in each case other than Taxes); and (l)&nbsp;all obligations of the type referred to in clauses
(a)&nbsp;through (k) above of any Person the payment of which such Person is responsible or liable for, directly or indirectly, as obligor, guarantor, surety, or otherwise. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>India Toller Loan</U>&#148; shall mean all obligations outstanding pursuant to that certain Loan Agreement between Ashland India
Private Limited and Natural Petrochemicals Private Limited dated August&nbsp;31, 2015, as amended. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>India Tolling
Agreement</U>&#148; shall mean that certain Manufacturing Agreement, dated January&nbsp;9, 2009, by and between Ashland India Private Limited and Natural Petrochemicals Private Limited, as amended. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>INEOS Enterprises Group</U>&#148; shall mean the portfolio of businesses owned, controlled or operated by INEOS Enterprises Holdings
Limited or any of its subsidiaries. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>INEOS Group</U>&#148; shall mean INEOS Limited or any of its Affiliates. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Intercompany Payable Amount</U>&#148; shall mean (i)&nbsp;all trade accounts
payable and other payment obligations of the Transferred Entities to their suppliers, including all trade accounts payable representing amounts payable in respect of goods shipped or products sold or services rendered; (ii)&nbsp;all other accounts
and notes payable of the Transferred Entities; and (iii)&nbsp;any Liabilities related to any of the foregoing, in each case to the extent payable to Seller or any of its Affiliates (other than the Transferred Entities). For the avoidance of doubt,
Intercompany Payable Amount shall include any payment obligation of ISP Marl GmbH or Ashland Technologies GmbH arising or resulting from the German <I>Organschaft</I> involving ISP Marl Holdings GmbH, ISP Marl GmbH and/or Ashland Technologies GmbH,
including termination thereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Intercompany Receivable Amount</U>&#148; shall mean (a)&nbsp;all trade accounts receivable and
other rights to payment of the Transferred Entities from their customers, including all trade accounts receivable representing amounts receivable in respect of goods shipped or products sold or services rendered; (b)&nbsp;all other accounts and
notes receivable of the Transferred Entities; and (c)&nbsp;any claims, remedies and other rights related to any of the foregoing, in each case to the extent receivable from Seller or any of its Affiliates (other than the Transferred Entities). For
the avoidance of doubt, Intercompany Receivable Amount shall include any right to payment of ISP Marl GmbH or Ashland Technologies GmbH arising or resulting from the German <I>Organschaft </I>involving ISP Marl Holdings GmbH, ISP Marl GmbH and/or
Ashland Technologies GmbH, including termination thereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Interest Rate</U>&#148; shall mean the United States Federal Funds
Rate plus 2.00% (200 basis points). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>IRS</U>&#148; shall mean the United States Internal Revenue Service. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Insurer</U>&#148; means each of: (a)&nbsp;IronShore Insurance Services LLC, an affiliate of Liberty Mutual, (b)&nbsp;Berkshire
Hathaway Specialty Insurance; and (c)&nbsp;Partner Re Ireland Insurance DAC. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Inventory</U>&#148; shall mean (a)&nbsp;all
inventory (i)&nbsp;owned by any Transferred Entity or (ii)&nbsp;owned by Seller or any Asset Selling Corporation used exclusively in the Business or held for sale exclusively to customers of the Business, including specialty and industrial
chemicals, spare parts, raw materials, containers, packaging and packaging supplies and <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">work-in-process,</FONT></FONT> including with respect to Business Products, and (b)&nbsp;any
and all rights to the warranties received from suppliers with respect to such inventory (to the extent assignable) and related claims, credits, rights of recovery and set off with respect thereto. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>IP Rights</U>&#148; shall mean all of the following: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(a) those patents and patent applications (including any divisions, continuations, <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">continuations-in-part,</FONT></FONT> provisional applications, reexamined versions or reissues thereof) (&#147;<U>Patents</U>&#148;), except for Patents for Software; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(b) those trademarks, service marks, logos or tradenames, whether registered or unregistered, and all registrations, renewals and applications
for registration thereof (&#147;<U>Trademarks</U>&#148;); </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) those rights existing under the copyright Laws for those works subject to the copyright
Laws and copyright registrations and applications for registration thereof, including all renewals and extensions thereof (&#147;<U>Copyrights</U>&#148;), except for Copyrights for Software; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) all confidential information and trade secrets including concepts, ideas, designs, processes, procedures, techniques, technical
information, specifications, operating and maintenance manuals, drawings, technical data formulas (&#147;<U>Trade Secrets</U>&#148;), except for Trade Secrets in or for Software; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) computer software programs, including all source code, object code, and documentation related thereto (&#147;<U>Software</U>&#148;); and
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f) domain names, domain name registrations and web pages (&#147;<U>Domain Names</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Knowledge of Buyer</U>&#148; shall mean the actual knowledge of the individuals set forth on <U>Schedule 1.1(a)</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Knowledge of Seller</U>&#148; shall mean the actual knowledge of the individuals set forth on <U>Schedule 1.1(b)</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Law</U>&#148; or &#147;<U>Laws</U>&#148; shall mean any constitution, statute, law, ordinance, treaty, rule, code, regulation or
other binding directive, as amended and as of the date hereof, issued, promulgated or enforced by any Governmental Authority. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Leased Real Property</U>&#148; means all leased real properties as set forth on <U>Schedule</U><U></U><U>&nbsp;1.1(c)</U>, which are
subject to a<B> </B>leasehold or subleasehold interest in favor of Seller, an Asset Selling Corporation or a Transferred Entity and, in the case of Seller or an Asset Selling Corporation, used primarily in connection with the Business. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Legacy Liabilities</U>&#148; means, with respect to any Transferred Entity, all Liabilities of such Transferred Entity to the extent
arising from or relating to any business or operations conducted prior to the Closing by such Transferred Entity, other than Liabilities to the extent arising out of or relating to the past, present or future operation or ownership of the Business.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Legal Restraint</U>&#148; shall mean any temporary restraining Order, preliminary or permanent injunction or Order issued by any
Governmental Authority. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Liabilities</U>&#148; shall mean any and all debts, liabilities and obligations, of whatever kind or
nature, primary or secondary, direct or indirect, whether accrued or fixed, known or unknown, absolute or contingent, matured or unmatured or determined or determinable. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Like-Kind Exchange</U>&#148; shall mean an exchange of property, including with a third party, qualifying for <FONT
STYLE="white-space:nowrap">non-recognition</FONT> treatment under Section&nbsp;1031 of the Code and the Treasury Regulations promulgated thereunder. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-9- </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Local Offer Letter</U>&#148; shall mean each of those certain letters transmitted
on the date of this Agreement by Buyer to each of the Excepted Selling Corporations, substantially in the form of <U>Exhibit A</U>, wherein Buyer offers to, in the Excepted Jurisdictions, purchase certain Transferred Assets and/or Transferred
Company Equity Interests and/or assume certain Assumed Liabilities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Losses</U>&#148; shall mean any and all losses, Taxes (to
the extent covered by <U>Sections 9.1</U> and <U>10.2(e)</U>), Liabilities, damages, demands, assessments, claims, deficiencies, costs and expenses directly incurred or suffered (including, if applicable, reasonable attorneys&#146; fees associated
therewith), but shall not include (a)&nbsp;Taxes (to the extent not covered by <U>Sections 9.1</U> and <U>10.2(e)</U>), (b) any loss or Liability that has been accrued for or reserved against in the Financial Statements or Net Working Capital (in
each case, to the extent of such reserve) or (c)&nbsp;indirect, exemplary or punitive damages of any kind, whether foreseeable or unforeseeable, and whether or not based on contract, tort, warranty claims or otherwise, in connection with this
Agreement, other than any such damages for which the Indemnified Party is found liable through the final resolution of a third party Claim. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Material Adverse Effect</U>&#148; shall mean any effect or change that, individually or in the aggregate, (x)&nbsp;has, or would
reasonably be expected to have, a material adverse effect on the assets, Liabilities, condition (financial or otherwise) or results of operations of the Business, taken as a whole, or (y)&nbsp;prevents or materially impairs the ability of Seller to
consummate the Acquisition; <U>provided</U> that none of the following shall be deemed (either alone or in combination) to constitute, and none of the following shall be taken into account in determining the above: (a)&nbsp;the failure of the
Business to meet projections or forecasts (for the avoidance of doubt, any underlying cause for any such failure shall not be excluded by this clause (i)) or (b)&nbsp;any adverse effect or change arising from or relating to (i)&nbsp;the economy in
general, or the securities, syndicated loan, credit or financial markets, (ii)&nbsp;the economic, business, financial or regulatory environment generally affecting the industries or any geographic markets in which the Business operates,
(iii)&nbsp;an act of terrorism or an outbreak or escalation of hostilities or war (whether declared or not declared) or any natural disasters or any national or international calamity or crisis, (iv)&nbsp;changes or proposed changes in applicable
Law or GAAP (or the applicable accounting standards in any jurisdiction outside of the United States) or the interpretation or enforcement thereof, (v)&nbsp;compliance with applicable Law (vi)&nbsp;the negotiation, execution, announcement or
pendency of the transactions contemplated by this Agreement or the performance of and compliance with the terms of this Agreement, (vii)&nbsp;any labor strikes, labor stoppages or loss of employees, (viii)&nbsp;compliance with the terms of, the
taking of any action required or otherwise contemplated by, or the failure to act to the extent such action is specifically prohibited by, this Agreement or any Ancillary Agreement or (ix)&nbsp;changes or effects that are the result of actions or
omissions of Buyer or any of its Affiliates or actions or omissions of Seller or any of its Affiliates and expressly consented to in writing by Buyer or any of its Affiliates; <U>provided</U> that the effects of the events described in clauses
(b)(i), (b)(ii), (b)(iii) and (b)(iv) shall be excluded only to the extent they do not materially disproportionately impact the Business as compared to other companies engaged in the industries of the Business. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Net Funded Level</U>&#148; shall mean, as of any date, with respect to the Employees who participated in the applicable Transferred <FONT
STYLE="white-space:nowrap">Non-U.S.</FONT> Seller Pension Plans as of such date, an amount equal to (a)&nbsp;the aggregate Projected Benefit Obligation, as defined in Statement of Financial Accounting Standards Board Accounting Standards
Codification No.&nbsp;715 (&#147;<U>PBO</U>&#148;), for </P>
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the Transferred Pension Liabilities as of such date, <U>minus</U> (b)&nbsp;the aggregate value of the Transferred Pension Assets as of such date, in each case, as calculated under GAAP and in
accordance with the applicable plan provisions and using the same actuarial assumptions and methods Seller or its applicable Subsidiary used to determine such PBO for the Financial Statements (<I>i.e</I>., a consistent actuarial approach updated to
reflect any changes in market conditions or new national standard mortality tables between the date of the Financial Statements and the date of the Net Funded Level calculation); <U>provided</U> that (x) &#147;Net Funded Level&#148; shall be
calculated without taking into account the Unconsolidated Joint Venture (y)&nbsp;Net Funded Level shall not include any Excluded Assets or Excluded Liabilities and (z)&nbsp;no amount shall be taken into account in determining Net Funded Level if
such amount is taken into account or specifically referred to in determining Net Indebtedness, Net Working Capital or any component thereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Net Indebtedness</U>&#148; shall mean an amount equal to (a)&nbsp;the sum of (i)&nbsp;the aggregate amount of Funded Indebtedness of
the Transferred Entities and (ii)&nbsp;the Intercompany Payable Amount, <U>minus</U> (b)&nbsp;the sum of (i)&nbsp;the aggregate amount of Cash Equivalents of the Transferred Entities, (ii)&nbsp;the Intercompany Receivable Amount, and (iii)&nbsp;the
Short-Term China Bank Drafts, in each case determined in accordance with the Closing Account Principles; <U>provided</U> that (x)&nbsp;no Tax assets and Tax Liabilities (including deferred Tax assets and Liabilities) shall be taken into account in
determining Net Indebtedness, (y)&nbsp;Net Indebtedness shall not include any Excluded Assets or Excluded Liabilities and (z)&nbsp;no amount shall be taken into account in determining Net Indebtedness if such amount is taken into account or
specifically referred to in determining Net Funded Level, Net Working Capital or any component thereof; and <U>provided</U> <U>further</U> that, to the extent Cash Equivalents (including, solely for the purposes of this definition of Net
Indebtedness, the China Bank Drafts) of the Transferred Entities equal an amount greater than U.S.$25,000,000 (the &#147;<U>Cash Equivalents Cap</U>&#148;), for purposes of the calculation of Net Indebtedness, Cash Equivalents of the Transferred
Entities shall be considered to equal the Cash Equivalents Cap and <U>provided</U> <U>further</U>, that, to the extent Cash Equivalents (including, solely for the purposes of this definition of Net Indebtedness, the China Bank Drafts) of any
Transferred Entity that is formed or organized under the Laws of a jurisdiction other than the United States or any member state of the European Union exceeds U.S.$5,000,000 as of the Closing Date, for purposes of the calculation of Net
Indebtedness, Cash Equivalents (including, solely for the purposes of this definition of Net Indebtedness, the China Bank Drafts) of such Transferred Entity shall be considered to equal U.S.$5,000,000. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Net Working Capital</U>&#148; shall mean an amount equal to (a)&nbsp;the current assets of the Business, <U>minus</U> (b)&nbsp;the
current liabilities of the Business, in each case determined in accordance with the Closing Account Principles and as of the Effective Time; <U>provided</U> that (x)&nbsp;no Tax assets and Liabilities (including deferred Tax assets and Liabilities)
shall be taken into account in determining Net Working Capital except as reflected in the Closing Account Principles, (y)&nbsp;Net Working Capital shall not include any Excluded Assets or Excluded Liabilities and (z)&nbsp;no amount shall be taken
into account in determining Net Working Capital if such amount is taken into account or specifically referred to in determining Net Funded Level, Net Indebtedness or any component thereof. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Order</U>&#148; shall mean any order, writ, judgment, injunction, decree, ruling,
assessment, stipulation, determination or award entered by or with any court or other Governmental Authority or arbitrator. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Other Current Assets</U>&#148; shall mean (i)&nbsp;prepaid expenses and all claims for refunds and rights to <FONT
STYLE="white-space:nowrap">set-off</FONT> in respect thereof (other than prepaid expenses with respect to the Excluded Assets and other than Taxes and Tax refunds, credits and offsets), in each case to the extent related to the Business and
(ii)&nbsp;the China Bank Drafts having an original maturity of greater than 90 days. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Owned Real Property</U>&#148; means those
owned real properties as set forth on <U>Schedule</U><U></U><U>&nbsp;1.1(d)</U>, owned by Seller, an Asset Selling Corporation or a Transferred Entity and, in the case of Seller or an Asset Selling Corporation, used primarily in connection with the
Business. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Permitted Encumbrances</U>&#148; means: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) such Encumbrances as are set forth on <U>Schedule</U><U></U><U>&nbsp;1.1(e)</U>; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) mechanics&#146;, carriers&#146;, workmen&#146;s, warehousemen&#146;s, repairmen&#146;s, landlords&#146; or other like Encumbrances arising
or incurred in the ordinary course of business; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) Taxes and assessments which are a lien, but which are not yet billed, or are billed
but are not yet due and payable, any assessments not shown on the public record, standby fees and Taxes for the current year and subsequent years and subsequent assessments for prior years due to change in the land usage or ownership, or that the
taxpayer is contesting in good faith through appropriate Proceedings; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) with respect to the Business Real Property: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i) any and all exceptions, easements, covenants, restrictions, encroachments, public <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">rights-of-way,</FONT></FONT> agreements and/or reservations and other conditions affecting the Business Real Property, whether of record or not, if any; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii) any state of facts and conditions that an accurate survey or physical inspection of the Business Real Property would disclose; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iii) the standard printed exceptions, stipulations and exclusions from coverage contained in the standard form of owner&#146;s policy of
title insurance; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iv) any Laws, regulations or ordinances (including, but not limited to, zoning, building and environmental matters) as
to the use, occupancy, subdivision or improvement of the Business Real Property adopted or imposed by any governmental agency; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e)
other imperfections of title or Encumbrances, if any, that, individually or in the aggregate, do not materially impair, and would not reasonably be expected to materially </P>
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impair, the continued use and operation of the assets to which they relate in the conduct of the Business as conducted as of the date of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Person</U>&#148; shall mean an individual, a corporation, a general or limited partnership, a limited liability company, an
association, a trust, other legal entity or organization or Governmental Authority. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U><FONT STYLE="white-space:nowrap">Pre-Closing</FONT> Restructuring Taxes</U>&#148; shall mean (a)&nbsp;Taxes resulting from any
transactions taken by Seller or any Seller Affiliate prior to the Effective Time in preparation for the separation of the Business in connection with the transactions contemplated hereby and (b)&nbsp;without duplication, Taxes arising or resulting
from a German <I>Organschaft </I>involving ISP Marl GmbH and/or Ashland Technologies GmbH on or prior to the German Closing Date, including termination thereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Post-Closing Tax Period</U>&#148; shall mean any Tax period beginning after the Closing Date and the portion of any Straddle Period
beginning on the day after the Closing Date. For ISP Marl GmbH and Ashland Technologies GmbH the term &#147;Closing Date&#148; shall be replaced by the term &#147;German Closing Date.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U><FONT STYLE="white-space:nowrap">Pre-Closing</FONT> Tax Period</U>&#148; shall mean any Tax period ending on or before the Closing
Date and the portion of any Straddle Period ending on the Closing Date. For ISP Marl GmbH and Ashland Technologies GmbH the term &#147;Closing Date&#148; shall be replaced by the term &#147;German Closing Date.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Proceeding</U>&#148; shall mean any action, arbitration, audit, claim, hearing, investigation, litigation, proceeding or suit
(whether civil, commercial, administrative, criminal, investigative or informal) commenced, brought, conducted or heard by or before, or otherwise involving any Governmental Authority or arbitrator. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Release</U>&#148; shall mean any release, spill, emission, leaking, dumping, injection, pouring, deposit, disposal, discharge,
dispersal, leaching or migration into or through the environment (including ambient air, surface water, groundwater, sediments, land surface or subsurface strata). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Representatives</U>&#148; shall mean Seller&#146;s Affiliates and the agents, directors, officers, advisors (including financial,
legal and accounting advisors) and representatives of Seller and its Affiliates. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Retained
<FONT STYLE="white-space:nowrap">Non-U.S.</FONT> Seller Pension Plan</U>&#148; shall mean any Seller Benefit Plan that is an Employee Pension Benefit Plan for the benefit of Employees principally employed outside the United States that is not
expressly designated as a Transferred <FONT STYLE="white-space:nowrap">Non-U.S.</FONT> Seller Pension Plan on <U>Schedule 8.16</U> or any Business Transfer Document or with respect to which Seller is not required by applicable Law or the terms of
such plan to transfer assets or Liabilities of, or relating thereto, to Buyer, a Buyer Corporation or an Employee Pension Benefit Plan sponsored or maintained by Buyer or a Buyer Corporation in connection with the Acquisition. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Retained U.S. Seller Benefit Plan</U>&#148; shall mean any Seller Benefit plan for the benefit of Employees principally employed in
the United States, and for which the Selling Corporations shall have sole Liabilities. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Retention</U>&#148; shall mean an amount equal to
<FONT STYLE="white-space:nowrap">one-half</FONT> of the retention in place from time to time under the R&amp;W Insurance Policy. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Reverse Transition Services Agreement</U>&#148; shall mean the reverse transition services agreement, substantially in the form of
<U>Exhibit L</U>, to be dated as of the Closing Date between Seller and Buyer providing for Buyer to supply certain functional and transactional support services to Seller. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>R&amp;W Insurance Policy</U>&#148; shall mean that certain Buyer-Side Representations and Warranties Insurance Policy, attached as
<U>Exhibit K</U> hereto, which has been obtained by Buyer at its sole cost, insuring Buyer and any other Buyer Indemnitee for any and all Losses (subject to the terms, conditions, limitations, and exclusions therein): (a) resulting from any breach
of any representation or warranty made by Seller in this Agreement or (b)&nbsp;that any Buyer Indemnitee may be entitled to pursuant to <U>Sections 9.1(a)</U> and <U>10.2(e)</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Seller Affiliates</U>&#148; shall mean (a)&nbsp;the Selling Corporations and (b)&nbsp;the Transferred Entities. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Seller Benefit Plan</U>&#148; shall mean, as at the Closing Date, each Employee Benefit Plan that is sponsored, maintained,
contributed to or required to be contributed to by (a)&nbsp;any Transferred Entity or (b)&nbsp;Seller or any Asset Selling Corporation for the benefit of any Employee (or his or her dependent or beneficiary) or in which any Employee participates, in
each case other than: (x)&nbsp;a plan, program or arrangement required to be maintained or contributed to by the Laws of the jurisdiction in which the Employee is working or (y)&nbsp;a governmental plan or program requiring the mandatory payment of
social insurance Taxes or similar contributions to a governmental fund with respect to the wages of an Employee. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Seller-Signed
Tax Returns</U>&#148; shall mean (a)&nbsp;all Tax Returns relating to the Transferred Entities prepared or filed on an affiliated, consolidated, combined or unitary basis with Seller or any of its Affiliates (other than the Transferred Entities) and
(b)&nbsp;all other Tax Returns (other than Transfer Tax Returns and Tax Returns of the Unconsolidated Joint Venture) for Tax periods ending on or before the Closing Date that (i)&nbsp;are of the Transferred Entities or relate to the Transferred
Assets, the Assumed Liabilities or the Business and (ii)&nbsp;are permitted, under applicable Law, to be filed by Seller or any of its Affiliates without having received any powers of attorney from Buyer or any of its Affiliates. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Sellers&#146; Transaction Expenses</U>&#148; means all fees, costs and expenses of the Selling Corporations, the Transferred Entities
and any Affiliates thereof, in each case (i)&nbsp;incurred prior to and through the Closing Date or otherwise payable by any Selling Corporation, Transferred Entity or Affiliates thereof in connection with or in anticipation of the negotiation,
preparation, execution and delivery of this Agreement and the consummation of the transactions contemplated hereby, or in connection with or in anticipation of any alternative sale transactions considered by any of the Selling Corporations,
Transferred Entities or any Affiliates thereof to the extent such fees, costs and expenses are payable or reimbursable by any Transferred Entity, which fees, costs and expenses shall include the fees, costs and expenses of legal counsel,
accountants, actuaries, advisors and any other Representatives of any Selling Corporation, </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-14- </P>

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Transferred Entity or Affiliate thereof in connection or in anticipation therewith, and (ii)&nbsp;to the extent not paid prior to the Closing. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Selling Corporations</U>&#148; shall mean (a)&nbsp;Seller, (b) the Asset Selling Corporations and (c)&nbsp;the Entity Selling
Corporations (it being understood that the Transferred Entities are not Selling Corporations). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Short-Term China Bank
Drafts</U>&#148; shall mean those China Bank Drafts with an original maturity of 90 days or less. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Straddle Period</U>&#148;
shall mean any Tax period that includes but does not end on the Closing Date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Straddle Period Tax Returns</U>&#148; shall mean
all Tax Returns for Straddle Periods that are of the Transferred Entities or relate to the Transferred Assets, the Assumed Liabilities or the Business, in each case other than Transfer Tax Returns and Tax Returns of the Unconsolidated Joint Venture.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Tax</U>&#148; or &#147;<U>Taxes</U>&#148; shall mean (a)&nbsp;all federal, state, local and foreign taxes, charges, duties,
fees, levies and similar assessments imposed by a Governmental Authority, including, income, gross receipts, corporations, excise, real or personal property, profits, estimated, severance, occupation, production, capital gains, capital stock, goods
and services, environmental, German electricity tax (<I>Stromsteuer</I>), employment, social security (or similar), withholding, stamp, value added, alternative or <FONT STYLE="white-space:nowrap">add-on</FONT> minimum, sales, transfer, use,
license, payroll and franchise taxes, escheat, unclaimed property, customs duties and indirect taxes and including all interest, penalties and additions imposed with respect to such amounts (whether payable directly or by withholding and whether or
not requiring the filing of a Tax Return and whether disputed or not), in each case other than fees, duties and other costs described in <U>Section</U><U></U><U>&nbsp;2.1(i)(ii)</U>, and (b)&nbsp;any liability in respect of any items described in
clause (a)&nbsp;payable by reason of any Contract, assumption, transferee, secondary or successor liability, operation of Law, or otherwise. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Tax Attribute</U>&#148; shall mean any Tax attribute, including any loss, loss carry forward, credit, credit carry forward, prepaid
Tax or refund, and any claim for or right to receive any of the foregoing. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Tax Contest</U>&#148; shall mean an audit, review,
examination or other administrative or judicial Proceeding, in each case by any Taxing Authority. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Tax Covenant</U>&#148; shall
mean any covenant or agreement explicitly relating to Taxes made in this Agreement or any Ancillary Agreement (including, for the avoidance of doubt, any covenant or agreement set forth in <U>Article IX</U>). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Tax Law</U>&#148; shall mean any Law relating to the imposition of any Tax. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Tax Return</U>&#148; shall mean any return, declaration, report, form, claim for refund, information return, estimate or statement
relating to Taxes, including any schedule or attachment thereto, and including any amendment thereof. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-15- </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Taxing Authority</U>&#148; shall mean any Governmental Authority exercising any
authority to impose, regulate or administer the imposition of Taxes. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Tolling Agreements</U>&#148; shall mean those manufacturing
services agreements to be entered into as of the Closing Date pursuant to <U>Section</U><U></U><U>&nbsp;7.13</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Transfer Tax
Returns</U>&#148; shall mean all Tax Returns that are required under applicable Law to be filed in connection with, and that relate exclusively to, Transfer Taxes, in each case other than Tax Returns of the Unconsolidated Joint Venture. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Transfer Taxes</U>&#148; shall mean all transfer, documentary, stamp duty, sales, use, registration, filing, conveyance, real
property transfer gains, commodities and any similar Taxes incurred in connection with this Agreement, the Ancillary Agreements, the Acquisition and the other transactions contemplated hereby and thereby, in each case other than VAT. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Transferred Companies</U>&#148; shall mean the entities set forth on <U>Annex D</U> (which annex may be updated or modified from time
to time by Seller with the consent of Buyer, such consent not to be unreasonably withheld, delayed or conditioned) under the caption &#147;Transferred Companies.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Transferred Company Equity Interests</U>&#148; shall mean the issued and outstanding equity interests in each of the Transferred
Companies. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Transferred Company Subsidiaries</U>&#148; shall mean the entities set forth on <U>Annex E</U> (which annex may be
updated or modified from time to time by Seller with the consent of Buyer, such consent not to be unreasonably withheld, delayed or conditioned) under the caption &#147;Transferred Company Subsidiaries.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Transferred Company Subsidiary Equity Interests</U>&#148; shall mean the issued and outstanding equity interests in each of the
Transferred Company Subsidiaries. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Transferred Entities</U>&#148; shall mean (a)&nbsp;the Transferred Companies and (b)&nbsp;the
Transferred Company Subsidiaries. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Transferred Equity Interests</U>&#148; shall mean the Transferred Company Equity Interests and
the Transferred Company Subsidiary Equity Interests. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Transferred German Company Equity Interests</U>&#148; shall mean the issued
and outstanding equity interests in each of ISP Marl GmbH and Ashland Technologies GmbH. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Transferred <FONT
STYLE="white-space:nowrap">Non-U.S.</FONT> Seller Pension Plan</U>&#148; shall mean any pension plan sponsored or maintained by (a)&nbsp;Seller or any Asset Selling Corporation for the benefit of Employees principally employed outside the United
States that is expressly designated as a Transferred <FONT STYLE="white-space:nowrap">Non-U.S.</FONT> Seller Pension Plan on <U>Schedule 8.16</U> or (b)&nbsp;any Transferred Entity. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Transferring Corporations</U>&#148; shall mean (a)&nbsp;Seller, (b) the Asset Selling Corporations and (c)&nbsp;the Transferred
Entities. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-16- </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Transition Services Agreement</U>&#148; shall mean the transition services
agreement, substantially in the form of <U>Exhibit B</U>, to be dated as of the Closing Date between Seller and Buyer providing for Seller to supply certain functional and transactional support services to Buyer. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Treasury Regulations</U>&#148; shall mean the U.S. Treasury Regulations promulgated under the Code. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Turkey Tolling Agreement</U>&#148; shall mean that certain Manufacturing Agreement, dated May&nbsp;18, 2010, by and between Ashland
Nederland B.V. and Boytek Recine Boya ve Kimya San. Tic. A.S., as amended. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Unconsolidated Joint Venture</U>&#148; shall mean
Saudi Industrial Resins Limited. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>VAT</U>&#148; shall mean any value-added or similar Tax incurred (whether pursuant to the Laws
of the European Union or otherwise) in connection with this Agreement, the Ancillary Agreements, the Acquisition and the other transactions contemplated hereby and thereby. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;1.2 <U>Index of Defined Terms</U>. As used in this Agreement, the following terms shall have the meanings assigned to them in the
respective locations set forth below: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
<TD WIDTH="86%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; "><B>Term</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Location</B></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">338(g) Election</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;9.10(c)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Accounting Firm</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;2.3(c)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Accrued PTO Days</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;8.9</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Actuary</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;2.4(c)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Affiliate Guarantee</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;6.8</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Amended Agreement</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;2.1(h)(i)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Allocation</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;2.6(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Applicable Tax Contest</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;9.9(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Assumed Employee Liabilities</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Annex <FONT STYLE="white-space:nowrap">B-1</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Assumed Liabilities</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Annex <FONT STYLE="white-space:nowrap">B-1</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Assumed Tax Liabilities</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Annex <FONT STYLE="white-space:nowrap">B-1</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Assumption Agreement</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;2.1(c)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Automatic Transferred Employee</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;8.2(b)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Basket</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;10.4(b)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Bonus Payment Schedule</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;8.10(b)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Business IP</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;5.10(b)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Business Transfer Documents</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;2.1(f)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Buyer</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Preamble</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Buyer Indemnitees</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;10.2</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Buyer&#146;s 401(k) Plan</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;8.11</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Carveout Financial Statements</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;5.5(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Change of Control</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;7.2(d)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Claim</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;10.5</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Closing Account Principles</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;2.3(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Closing Date</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;3.1</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-17- </P>

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<TR>
<TD WIDTH="85%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; "><B>Term</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Location</B></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Closing Net Indebtedness</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;2.3(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Closing Net Funded Level</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;2.4(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Closing Net Working Capital</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Competing
Transaction</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;2.3(a)<BR> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman">Section&nbsp;7.2(d)</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Competitive Activity</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;7.6(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Continuing Credit Support Obligation</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;7.9(c)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Copyright Assignment Agreement</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;2.1(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Disclosure Letter</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;1.3(c)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Domain Name Assignment Agreement</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;2.1(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Environmental Loss</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;10.7(b)(i)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Environmental Permit</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;7.3(b)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Equity Interest Certificates</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;2.1(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Estimated Holdback Tax Amount</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;2.5</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Estimated Net Working Capital</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;2.2(b)(ii)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Estimated Net Funded Level</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;2.2(b)(iii)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Estimated Net Indebtedness</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;2.2(b)(i)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Estimated Statement</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;2.2(b)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">EU</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;8.2(b)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">European Employee</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;8.2(b)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Excluded Assets</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Annex <FONT STYLE="white-space:nowrap">A-2</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Excluded Liabilities</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Annex <FONT STYLE="white-space:nowrap">B-2</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Excluded Tax Liabilities</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Annex <FONT STYLE="white-space:nowrap">B-2</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Financial Statements</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;5.5(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">FIRPTA Affidavits</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;9.5</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">General Assignment Agreement</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;2.1(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">German Closing Date</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;3.1</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">German PLTA Termination Agreement</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;7.2(b)(xi)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Governmental Competition Authority</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;7.4(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Indemnified Party</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;10.5</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Indemnifying Party</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;10.5</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Indemnified Tax Party</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;9.1(c)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Indemnifying Tax Party</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;9.1(c)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Key Customers</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;5.22(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Key Suppliers</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;5.22(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Like-Kind Assets</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;9.11(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Marketing Excluded Assets</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Annex <FONT STYLE="white-space:nowrap">A-2</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Material Contracts</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;5.9(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Net Funded Level Price Adjustment Due Date</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;2.4(g)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Net Funded Level Statement</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;2.4(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Net Working Capital Target</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;2.2(c)(ii)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Notice of Disagreement</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;2.3(c)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Notice of Net Funded Level Disagreement</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;2.4(c)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Operating Income</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;7.6(f)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Paid Bonus Schedule</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;8.10(b)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Patent Assignment Agreement</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;2.1(a)</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-18- </P>

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<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="86%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; "><B>Term</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Location</B></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Permitted Transaction</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;7.2(d)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><FONT STYLE="white-space:nowrap">Pre-Closing</FONT> Tax Indemnity</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;9.1(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Price Adjustment Due Date</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;2.3(h)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Price Adjustment Statement</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;2.3(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Purchase Price</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;2.2(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Refund Recipient</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;9.10(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Retained Assets</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;2.1(h)(i)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Retained Names</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;7.10(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Schedule</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;1.3(c)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Schedule Supplement</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;12.10(b)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Seller</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Preamble</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Seller PTO Payment</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;8.9</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Seller Indemnitees</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;10.3</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Seller&#146;s 401(k) Plan</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;8.11</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">SPB</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;12.17</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Supply Provider</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;9.3</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Supply Recipient</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;9.3</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Tax Consideration</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;2.6(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Tax Return Filer</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;9.8(e)(i)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Trademark Assignment Agreement</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;2.1(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Transferred Assets</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Annex <FONT STYLE="white-space:nowrap">A-1</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Transferred Contracts</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Annex <FONT STYLE="white-space:nowrap">A-1</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Transferred Employee</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;8.3</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Transferred Entity Voting Debt</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;5.7(b)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Transferred Insurance Proceeds</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Annex <FONT STYLE="white-space:nowrap">A-2</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Transferred IP</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Annex <FONT STYLE="white-space:nowrap">A-1</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Transferred IP Licenses</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Annex <FONT STYLE="white-space:nowrap">A-1</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Transferred Pension Assets</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;8.16</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Transferred Pension Liabilities</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;8.16</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Transferred Plan Assets</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Annex <FONT STYLE="white-space:nowrap">A-1</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Transferred Real Property</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Annex <FONT STYLE="white-space:nowrap">A-1</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Transferred Records</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Annex <FONT STYLE="white-space:nowrap">A-1</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Transferred Tangible Personal Property</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Annex <FONT STYLE="white-space:nowrap">A-1</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Unaudited Balance Sheet</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;5.5(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Unaudited Financial Statements</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;5.5(a)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Union Contracts</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;5.18(b)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">WARN</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;8.12</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Workers&#146; Compensation Event</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;8.7(b)</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;1.3 <U>Interpretation and Construction</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Terms defined in the singular shall have a comparable meaning when used in the plural, and vice versa. Whenever the context may require,
any pronoun shall include the corresponding masculine, feminine and neuter forms. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-19- </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) As used in this Agreement, (i)&nbsp;the words &#147;<U>hereof</U>&#148;,
&#147;<U>herein</U>&#148;, &#147;<U>hereto</U>&#148; and &#147;<U>hereunder</U>&#148; and words of similar import shall refer to this Agreement as a whole and not to any particular provision of this Agreement, (ii)&nbsp;the word
&#147;<U>including</U>&#148;, and words of similar import, shall mean &#147;<U>including, but not limited to</U>&#148; and &#147;<U>including, without limitation</U>&#148;, (iii)&nbsp;the terms &#147;<U>dollars</U>&#148; and &#147;<U>U.S.$</U>&#148;
shall mean United States Dollars, the lawful currency of the United States of America, (iv)&nbsp;the word &#147;will&#148; shall be construed to have the same meaning and effect as the word &#147;shall&#148;, (v)&nbsp;the word &#147;or&#148; is not
exclusive, (vi)&nbsp;the word &#147;extent&#148; in the phrase &#147;to the extent&#148; shall mean the degree to which a subject or other thing extends, and such phrase shall not mean simply &#147;if,&#148; (vii) any noun or pronoun shall be deemed
to include the plural as well as the singular and to cover all genders, (viii)&nbsp;the words &#147;asset&#148; and &#147;property&#148; shall be construed to have the same meaning and effect and (ix)&nbsp;references to a Person are also to its
permitted successors and assigns. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) References to &#147;<U>Articles</U>&#148;, &#147;<U>Sections</U>&#148;, &#147;<U>Annexes</U>&#148;
or &#147;<U>Exhibits</U>&#148; shall mean the Articles or Sections of, or the Annexes, or Exhibits to, this Agreement, as the case may be, except as may be otherwise specified. When a reference is made in this Agreement to a
&#147;<U>Schedule</U>&#148;, such reference shall be to the Schedules to the Disclosure Letter delivered by Seller to Buyer on the date hereof (the &#147;<U>Disclosure Letter</U>&#148;). All terms defined in this Agreement shall have their defined
meanings when used in any Annex, Exhibit or Schedule to this Agreement or any certificate or other document made or delivered pursuant hereto, unless otherwise defined therein. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) Except as otherwise specifically provided in this Agreement, any agreement, instrument or statute defined or referred to herein means such
agreement, instrument or statute as from time to time amended, supplemented or modified, including (i)&nbsp;(in the case of agreements or instruments) by waiver or consent and (in the case of statutes) by succession of comparable successor statutes
and (ii)&nbsp;all attachments thereto and instruments incorporated therein. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) Any reference to any federal, state, local or foreign Law
shall be deemed also to refer to all rules and regulations promulgated thereunder, unless the context requires otherwise. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f) Each
accounting term set forth herein and not otherwise defined shall have the meaning accorded it under GAAP as applied on a consistent basis by Seller to the Business. For the avoidance of doubt, in the event of any discrepancy between GAAP and the
provisions of this Agreement, the provisions of this Agreement shall control. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(g) If any provision in a definition is a substantive
provision conferring rights or imposing obligations on any party hereto, notwithstanding that it appears only in this <U>Article</U><U></U><U>&nbsp;I</U>, effect shall be given to it as if it were a substantive provision of this Agreement.
Definitions set forth in the Preamble and the Recitals shall be given effect as substantive provisions of this Agreement. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(h) Where any
term is defined within the context of any particular Section or clause in this Agreement (including the Recitals), the term so defined, unless it is clear from the Section or clause in question that the term so defined has limited application only
to the relevant </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-20- </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
Section or clause, shall bear the meaning ascribed to it for all purposes in this Agreement, notwithstanding that that term has not been defined in this <U>Article I</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i) Where any payment falls due or any other obligation is to be performed on a day that is not a Business Day in the jurisdiction where such
payment is to be made or such obligation is to be performed, then such payment shall be made or such obligation performed on the next succeeding Business Day. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(j) Except as otherwise specifically provided in this Agreement, where any number of days is prescribed in relation to the doing of a
particular thing or in respect of a period of time, those days will be calculated exclusive of the first day and inclusive of the last day. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(k) The parties hereto have participated jointly in the negotiation and drafting of this Agreement. In the event an ambiguity or question of
intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any of the provisions of this
Agreement. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE II </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PURCHASE AND SALE </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;2.1 <U>Transferred/Excluded Assets; Transferred Company Equity Interests; Assumed/Excluded Liabilities</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) <U>Transferred Assets</U>. Pursuant to the terms and subject to the conditions set forth in this Agreement, at the Closing, (i)&nbsp;Seller
will, and will cause the Asset Selling Corporations to, sell, assign, transfer, convey, and deliver to Buyer (or its applicable Affiliates), and Buyer (or its applicable Affiliates) will purchase, acquire and accept, the Transferred Assets and
(ii)&nbsp;Seller will cause the Entity Selling Corporations to sell, assign, transfer, convey, and deliver to Buyer (or its applicable Affiliates), and Buyer (or its applicable Affiliates) will purchase, acquire and accept, the Transferred Company
Equity Interests, in each case of subparts (i)&nbsp;and (ii) free and clear of all Encumbrances other than Permitted Encumbrances. Accordingly, Seller will, or will cause the other Selling Corporations to, execute and deliver at the Closing, as
applicable, a general copyright assignment in the form of <U>Exhibit C</U> (the &#147;<U>Copyright Assignment Agreement</U>&#148;), a general domain name assignment in the form of <U>Exhibit D</U> (the &#147;<U>Domain Name Assignment
Agreement</U>&#148;), a general assignment and bill of sale in the form of <U>Exhibit E</U> (the &#147;<U>General Assignment Agreement</U>&#148;), a general patent assignment in the form of <U>Exhibit F</U> (the &#147;<U>Patent Assignment
Agreement</U>&#148;), a general trademark assignment in the form of <U>Exhibit G</U> (the &#147;<U>Trademark Assignment Agreement</U>&#148;), such other instruments of conveyance, assignment and transfer as Buyer and Seller reasonably agree upon
and, with respect to Transferred Company Equity Interests that are certificated, certificates representing the Transferred Company Equity Interests (the &#147;<U>Equity Interest Certificates</U>&#148;), duly endorsed by the applicable Entity Selling
Corporations, for transfer to Buyer or the designated Buyer Corporation (or accompanied by duly executed undated blank stock powers) with appropriate transfer stamps, if any, affixed, in each case to convey to Buyer all of the Selling
Corporations&#146; right, title and interest in and to the Transferred Assets and the Transferred Company Equity Interests. Seller shall bear all risk of loss with respect to the Transferred Assets and the Transferred Company Equity Interests (in
</P>
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each case, whether or not covered by insurance) up to the time of the Closing, whereupon such risk of loss with respect to the Transferred Assets and the Transferred Company Equity Interests
shall pass to Buyer. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) <U>Excluded Assets</U>. Anything to the contrary herein notwithstanding, Buyer is not purchasing pursuant to this
Agreement or any of the transactions contemplated hereby any right, title or interest in any Excluded Asset. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) <U>Assumed
Liabilities</U>. At the Closing, Buyer shall assume (or cause its applicable Affiliates to assume) the Assumed Liabilities and shall agree to satisfy and discharge when due the Liabilities of Seller and its Affiliates that are Assumed Liabilities as
defined in <U>Annex <FONT STYLE="white-space:nowrap">B-1</FONT></U>; <U>provided</U> that, for the avoidance of doubt, Buyer shall not be released from any Liability hereunder if it assigns any of its rights or Liabilities hereunder to any Buyer
Corporation or any third party or causes its applicable Affiliates to assume the Assumed Liabilities. Buyer shall promptly reimburse Seller for the performance by Seller or any of its Affiliates of any Assumed Liability the performance of which by,
or on behalf of, Buyer or any of its Affiliates is not accepted by the obligee in the exercise of such obligee&#146;s lawful rights. After the Closing, Buyer shall pay or cause to be paid all Assumed Liabilities as and when such Liabilities become
due. Buyer will execute and deliver, and will cause any applicable Affiliates to execute and deliver, to Seller at the Closing an assumption agreement in the form of <U>Exhibit H</U> (the &#147;<U>Assumption Agreement</U>&#148;) and such other
agreements and instruments as Seller may reasonably request, whereby Buyer (and its applicable Affiliates) agrees to assume and undertakes to pay, perform and discharge, as and when due, the Assumed Liabilities. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) <U>Excluded Liabilities</U>. Neither Buyer nor any of its Affiliates shall assume or be obligated to pay, perform or otherwise discharge
any Excluded Liability as defined in <U>Annex <FONT STYLE="white-space:nowrap">B-2</FONT></U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) <U>Local Offer Letters</U>.
Notwithstanding anything herein to the contrary, on the date of this Agreement the Buyer shall transmit to each of the Excepted Selling Corporations a Local Offer Letter. If the Local Offer Letter is accepted by the applicable Excepted Selling
Corporation at the Closing (i)&nbsp;Seller will cause the applicable Excepted Selling Corporation to, and the applicable Excepted Selling Corporation will, sell, convey, assign and transfer to Buyer and Buyer will purchase, acquire and accept those
Transferred Assets and/or those Transferred Company Equity Interests that are the subject of the Local Offer Letter and (ii)&nbsp;Buyer will assume those Assumed Liabilities that are the subject of the Local Offer Letter, in each case pursuant to
the terms and conditions set forth in this Agreement and the applicable Business Transfer Documents. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f) <U>Business Transfer
Documents</U>. To the extent required or desirable under applicable foreign Law to effect the transactions contemplated hereunder, the parties shall execute and deliver or cause their respective Affiliates to execute and deliver such stock, asset
and/or business transfer agreements, bills of sale, deeds, assignments, assumptions and other documents and instruments of sale, conveyance, assignment, transfer and assumption (the &#147;<U>Business Transfer Documents</U>&#148;) as are necessary to
effect any sale, assignment, transfer, conveyance, and delivery of the Transferred Assets, the Transferred Company Equity Interests or the Employees or any assumption of the Assumed Liabilities in each territory set forth on <U>Annex </U>
</P>
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<U>H</U> (which annex may be updated or modified from time to time by agreement of Buyer and Seller) at the Closing. The Business Transfer Documents shall be in form and substance reasonably
agreed to by the parties and as is usual and customary in the applicable jurisdiction; <U>provided</U> that, the parties agree and acknowledge that the Business Transfer Documents are intended solely to formalize the terms and conditions of this
Agreement in order to comply with any applicable foreign Law and shall be, in all respects, consistent with the terms and conditions set forth in this Agreement. In the event of any inconsistency between this Agreement and a Business Transfer
Document, this Agreement shall control. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(g) <U>Transferred Assets and Transferred Company Equity Interests Subject to Third Party
Consent</U>. To the extent that the sale, conveyance, assignment or transfer or attempted sale, conveyance, assignment or transfer to Buyer or a Buyer Corporation of any Transferred Asset or Transferred Company Equity Interest is prohibited by any
applicable Law or would require any governmental or third party Consents and such Consents shall not have been obtained prior to the Closing, this Agreement shall not constitute a sale, conveyance, assignment or transfer, or an attempted sale,
conveyance, assignment or transfer thereof. During the period commencing on the date hereof and continuing until one hundred eighty (180)&nbsp;days after the Closing, (a)&nbsp;each of Buyer, the Buyer Corporations and the Selling Corporations shall
provide or cause to be provided to the other parties all commercially reasonable assistance as is reasonably requested in connection with securing such Consents, and (b)&nbsp;if any Consents are not secured prior to the Closing, pending the earlier
of obtaining such Consent or the expiration of such one hundred eighty (180)&nbsp;day period, Buyer, the Buyer Corporations and the Selling Corporations shall use commercially reasonable efforts to cooperate in any lawful and reasonable arrangement
reasonably proposed by either Buyer or Seller under which Buyer or a Buyer Corporation shall obtain the benefits and obligations of use of any such Transferred Asset or the ownership of any such Transferred Company Equity Interest held by the Seller
Affiliate following the Closing; <U>provided</U>, <U>however</U>, that no Selling Corporation shall be required to pay any consideration therefor, or to commence, defend or participate in any Proceeding or offer or grant any accommodation (financial
or otherwise) to any third party; <U>provided</U> <U>further</U> that Buyer shall indemnify and hold harmless the Seller Indemnitees from and against any and all Losses arising out of or relating to any Transferred Asset or Transferred Company
Equity Interest held by any Selling Corporation for the benefit of Buyer or any Buyer Corporation pursuant to any arrangement established pursuant to clause (b), to the extent related to any period of such arrangement. If such Consent is obtained,
Seller shall assign, convey and transfer any such Transferred Asset or Transferred Company Equity Interest to Buyer at no additional cost. If such Consent is not obtained within one hundred eighty (180)&nbsp;days after the Closing, Seller will be
deemed to have fulfilled its obligations under this Agreement and under no circumstances shall the Consideration be reduced or Seller or its Affiliates be subject to any Liability on account of the failure to obtain any such Consent. Buyer further
agrees that no representation, warranty or covenant of Seller contained in this Agreement shall be breached or deemed breached, and no condition to Buyer&#146;s obligations to close the transactions contemplated by this Agreement shall be deemed not
satisfied as a result of (x)&nbsp;the failure to obtain any such Consent or as a result of any resulting default or termination or (y)&nbsp;any Proceeding commenced or threatened by or on behalf of any Person arising out of or relating to the
failure to obtain any Consent or any resulting default or termination. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(h) <U>Certainty of Closing</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i) Notwithstanding anything else in this Agreement to the contrary, if the Closing has not occurred within two hundred forty (240)&nbsp;days
of the date hereof due to a failure to obtain Consents required to meet the Closing conditions set forth in <U>Section</U><U></U><U>&nbsp;4.1</U>, or due to any Proceeding instituted by any Governmental Authority preventing the consummation of the
Acquisition, then: (A)&nbsp;the parties shall amend this agreement (the &#147;<U>Amended Agreement</U>&#148;) to remove the inclusion of any and all Transferred Assets, Transferred Company Equity Interests or assets and properties of the Transferred
Entities which would otherwise have the effect of delaying or preventing the consummation of the transactions contemplated hereby (the &#147;<U>Retained Assets</U>&#148;); (B) Buyer shall take any and all steps necessary to promptly obtain (but in
any event within two hundred seventy (270)&nbsp;days of the date hereof) any Consents that may be or become necessary to allow the parties to close the transactions contemplated by the Amended Agreement, which steps will include promptly making all
filings and notifications, if any, to any applicable Governmental Authority and providing all appropriate Governmental Authorities any additional information and documentary material that may be requested; <U>provided</U> that nothing in the Amended
Agreement shall require Buyer to propose, negotiate, commit to or effect, by consent decree, hold separate order, mitigation agreement or otherwise, the sale, divestiture or disposition of any interest, product lines or assets of INEOS Group or the
assets and interests being acquired under the Amended Agreement, nor require Buyer to otherwise take or commit to take actions that after consummation of the transactions contemplated by the Amended Agreement would limit INEOS Group&#146;s freedom
of action with respect to any of the businesses, product lines or assets of INEOS Group or the assets and interests being acquired under the Amended Agreement; and (C)&nbsp;the parties will close the transactions contemplated by the Amended
Agreement within two hundred seventy (270)&nbsp;days of the date hereof with no reduction to the Consideration. It is acknowledged and agreed that the parties shall each pay <FONT STYLE="white-space:nowrap">one-half</FONT> of any filing fee required
in connection with any filing or notification made to any applicable Governmental Authority pursuant to <U>Section</U><U></U><U>&nbsp;2.1(h)(i)(B)</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii) After the Closing, Seller shall continue to operate the Retained Assets in a commercially reasonable manner, and shall use its
commercially reasonable efforts to sell, divest or dispose of the Retained Assets at Buyer&#146;s sole cost and expense on terms and conditions substantially similar to the terms and conditions set forth herein; <U>provided</U> that, notwithstanding
the foregoing, Seller shall be permitted to sell the Retained Assets on terms and conditions that Seller believes, in its sole judgment but acting reasonably, are the most favorable terms that have been offered to Seller in respect of the assets;
<U>provided</U> <U>further</U> that Seller agrees not to sell, divest or dispose of the Retained Assets for a price less than the book value of the Retained Assets as of the date of this Agreement. Seller shall permit Buyer, at Buyer&#146;s option
and expense, to participate in the negotiation of any such sale, divestiture or disposal, but Seller shall retain sole authority to make all determinations regarding the terms and conditions of the sale. Upon the receipt of any purchase price for
the divestiture of the Retained Assets, Seller shall notify Buyer and, within five (5)&nbsp;Business Days of receipt of wire instructions from Buyer, wire such funds to Buyer. If Seller is unable to sell, divest or dispose of the Retained Assets
within eighteen (18)&nbsp;months, Seller agrees to reimburse Buyer at an amount equal to the book value of the Retained Assets as of the date of this Agreement. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i) <U>Buyer&#146;s Recording and Similar Responsibilities</U>. Notwithstanding the
foregoing provisions of this <U>Section</U><U></U><U>&nbsp;2.1</U>, it shall be Buyer&#146;s responsibility (i)&nbsp;to prepare the applicable Copyright assignments, Patent assignments and Trademark assignments and to record such assignments
following execution thereof by Seller or an Asset Selling Corporation at the Closing and (ii)&nbsp;to bear all fees, duties and other costs payable in connection with (A)&nbsp;the transfer of the Business IP and (B)&nbsp;the recording and
registration of title to the Transferred Assets and Transferred Equity Interests in the name of Buyer, the Buyer Corporations and their Affiliates. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;2.2 <U>Purchase Price at Closing</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) At the Closing, Buyer shall pay (or shall cause one or more of its Affiliates as Buyer may designate to pay), on behalf of Buyer and the
Buyer Corporations, to Seller (or one or more of its Affiliates as Seller may designate), on behalf of Seller and the other Selling Corporations, an amount equal to U.S.$1,100,000,000 (the &#147;<U>Purchase Price</U>&#148;), which amount shall be
adjusted pursuant to <U>Section</U><U></U><U>&nbsp;2.2(c)</U>. The Purchase Price shall be paid in immediately available funds by wire transfer in accordance with written instructions given by Seller to Buyer not less than two (2)&nbsp;Business Days
prior to the Closing or such later time as may be agreed by Seller and Buyer. Following the Closing, the Purchase Price shall be subject to further adjustment as provided for in <U>Sections 2.3</U> and <U>2.4</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) On or prior to the third (3rd) Business Day prior to the Closing Date, Seller shall prepare and deliver to Buyer a statement (the
&#147;<U>Estimated Statement</U>&#148;) setting forth good faith estimates of the following amounts: (i)&nbsp;the Net Indebtedness as of the Closing Date (the &#147;<U>Estimated Net Indebtedness</U>&#148;), (ii) the Net Working Capital as of the
Closing Date (the &#147;<U>Estimated Net Working Capital</U>&#148;), and (iii)&nbsp;the Net Funded Level as of the Closing Date (the &#147;<U>Estimated Net Funded Level</U>&#148;). The Estimated Statement shall be unaudited and, with respect to the
Estimated Net Indebtedness, the Estimated Net Working Capital and the components thereof, prepared consistent with the Closing Account Principles. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) The Purchase Price specified in <U>Section</U><U></U><U>&nbsp;2.2(a)</U> to be paid at the Closing shall be: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i)&nbsp;(A) increased, if the Estimated Net Indebtedness is a negative number, on a <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">dollar-for-dollar</FONT></FONT> basis by the amount equal to the absolute value of the Estimated Net Indebtedness or (B)&nbsp;decreased, if the Estimated Net Indebtedness is a positive number, on a <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">dollar-for-dollar</FONT></FONT> basis by the amount equal to the Estimated Net Indebtedness; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii)&nbsp;(A) increased, if the Estimated Net Working Capital exceeds U.S.$135,000,000 (the &#147;<U>Net Working Capital Target</U>&#148;), on
a <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">dollar-for-dollar</FONT></FONT> basis by the amount of such excess or (B)&nbsp;decreased, if the Estimated Net Working Capital is less than the Net Working Capital Target, on a <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">dollar-for-dollar</FONT></FONT> basis by the amount of such deficit; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iii)&nbsp;(A) increased, if the Estimated Net Funded Level is a negative number, on a <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">dollar-for-dollar</FONT></FONT> basis by the amount equal to the absolute value of the Estimated Net Funded Level or (B)&nbsp;decreased, if the Estimated Net Funded Level is a positive number, on a <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">dollar-for-dollar</FONT></FONT> basis by the amount equal to the Estimated Net Funded Level; and </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iv) decreased on a
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">dollar-for-dollar</FONT></FONT> basis by an amount equal to the Estimated Holdback Tax Amount required to be held back pursuant to <U>Section</U><U></U><U>&nbsp;2.5</U>, if any. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) Notwithstanding anything to the contrary in this Agreement, including <U>Section</U><U></U><U>&nbsp;2.2(a)</U>, the portions of the
Purchase Price to be paid for the transactions listed on <U>Annex K</U> shall be paid as set forth on <U>Annex K</U>. With respect to any transaction listed on <U>Annex K</U> in which an Affiliate of Buyer is to pay Seller or an Affiliate of Seller
in a currency other than dollars (or in which Buyer is required to convert dollars into another currency and then convert that currency into dollars and then pay Seller or an Affiliate of Seller in dollars), the exchange rate to be used in
determining the amount of such local currency (or dollars) to be paid in respect of the Transferred Assets or Transferred Company Equity Interests transferred in such transaction shall be equal to the exchange rate actually received by such
Affiliate of Buyer in obtaining such local currency (or dollars); <U>provided</U> that such Affiliate of Buyer will use its commercially reasonable efforts to obtain the most favorable exchange rate possible. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;2.3 <U>Purchase Price Adjustment following Closing for Net Working Capital and Net Indebtedness</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Within ninety-five (95)&nbsp;days after the Closing Date, Seller shall prepare and deliver to Buyer a statement (in its draft form, the
&#147;<U>Price Adjustment Statement</U>&#148;), setting forth (i)&nbsp;the Net Working Capital transferred to Buyer (the &#147;<U>Closing Net Working Capital</U>&#148;) and (ii)&nbsp;the Net Indebtedness (the &#147;<U>Closing Net
Indebtedness</U>&#148;), in each case as of the Effective Time, which statement shall include a worksheet setting forth in reasonable detail how such amount was calculated on an
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">entity-by-entity</FONT></FONT> basis. The Price Adjustment Statement shall be unaudited and prepared in accordance with Seller&#146;s accounting principles set forth on <U>Annex I</U>
(the &#147;<U>Closing Account Principles</U>&#148;). To the extent that the Closing Net Working Capital is greater than or less than the Estimated Net Working Capital, the Purchase Price shall be adjusted as described in
<U>Section</U><U></U><U>&nbsp;2.3(f)</U> below. To the extent that the Closing Net Indebtedness is greater than or less than the Estimated Net Indebtedness, the Purchase Price shall be adjusted as described in
<U>Section</U><U></U><U>&nbsp;2.3(g)</U> below. The Price Adjustment Statement shall be in the form of <U>Schedule 2.3(a)</U>, which sets forth an example of the calculation of Net Working Capital and Net Indebtedness as of June&nbsp;30, 2018. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) In connection with the preparation and review of the Price Adjustment Statement, (i)&nbsp;Buyer shall (A)&nbsp;assist, and shall cause its
Affiliates to assist, Seller, its accountants, advisors and other Representatives in Seller&#146;s preparation of the Price Adjustment Statement and (B)&nbsp;afford to Seller, its accountants, advisors and other Representatives, reasonable access
during normal business hours to the personnel, properties, books and records of the Business in the possession of Buyer or any of its Affiliates to the extent relevant to the preparation of the Price Adjustment Statement (including any taking and
preparing of physical counts of Inventory) and (ii)&nbsp;Seller shall afford to Buyer, its accountants, advisors and other representatives, reasonable access during normal business hours to the personnel, properties, books and records of the
Business in the possession of Seller or any of its Affiliates to the extent relevant to the review of the Price Adjustment Statement. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c)
The Price Adjustment Statement shall become final and binding upon the parties on the sixtieth (60th) day following receipt thereof by Buyer unless Buyer gives written </P>
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notice of its disagreement (a &#147;<U>Notice of Disagreement</U>&#148;) to Seller prior to such date. Any Notice of Disagreement shall specify (i)&nbsp;in reasonable detail the nature and amount
of any disagreement so asserted; (ii)&nbsp;disagreements with respect to (and only with respect to)&nbsp;(A) whether the calculation of Closing Net Working Capital or Closing Net Indebtedness was prepared in accordance with this
<U>Section</U><U></U><U>&nbsp;2.3</U>, specifically, whether the Closing Account Principles were used, and (B)&nbsp;whether there were mathematical errors in the Price Adjustment Statement; and (iii)&nbsp;the amount that Buyer reasonably believes is
the correct Closing Net Working Capital or Closing Net Indebtedness, as applicable, based on the disagreements set forth in the Notice of Disagreement, including a reasonably detailed description of the adjustments applied to the Price Adjustment
Statement in calculating such amount. If a timely Notice of Disagreement is received by Seller, then the Price Adjustment Statement (as revised in accordance with clause (x)&nbsp;or (y) below) shall become final and binding upon the parties on the
earlier of (x)&nbsp;the date the parties hereto resolve any differences they have with respect to any matter specified in the Notice of Disagreement or (y)&nbsp;the date BDO USA LLP or, if BDO USA LLP is unable or unwilling to serve, another
accounting firm mutually agreed upon by Seller and Buyer (such firm, the &#147;<U>Accounting Firm</U>&#148;) delivers the final Price Adjustment Statement to the parties (in accordance with the procedure set forth in this
<U>Section</U><U></U><U>&nbsp;2.3</U>). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) During the thirty (30)&nbsp;day period immediately following the delivery of a Notice of
Disagreement, Seller and Buyer shall seek in good faith to resolve in writing any differences they may have with respect to any matter specified in the Notice of Disagreement. At the end of such thirty (30)&nbsp;day period, Seller and Buyer shall
submit for review and resolution by the Accounting Firm any and all matters that were included in the Notice of Disagreement and remain in dispute, and the Accounting Firm shall make a final determination of the values set forth on the Price
Adjustment Statement (and shall use such determination to prepare the final Price Adjustment Statement), which determination shall be binding on the parties; <U>provided</U>, <U>however</U>, the scope of such determination by the Accounting Firm
shall be limited to: (i)&nbsp;those matters that remain in dispute and that were included in the Notice of Disagreement (including any <FONT STYLE="white-space:nowrap">sub-matters</FONT> subordinate to a larger included matter), (ii) whether such
calculation was prepared in accordance with this <U>Section</U><U></U><U>&nbsp;2.3</U> (including related definitions of defined terms used herein), specifically, whether the Closing Account Principles were used, and (iii)&nbsp;whether there were
mathematical errors in the Price Adjustment Statement, and the Accounting Firm is not authorized or permitted to make any other determination. Without limiting the generality of the foregoing, the Accounting Firm is not authorized or permitted to
make any determination as to the accuracy of <U>Section</U><U></U><U>&nbsp;5.5</U> or any other representation or warranty in this Agreement or as to compliance by Seller or any of its Affiliates with any of the covenants in this Agreement (other
than this <U>Section</U><U></U><U>&nbsp;2.3</U>). The determinations of the Accounting Firm shall be final and binding, absent fraud, bad faith or manifest error. Judgment may be entered upon the determination of the Accounting Firm in the Delaware
Court of Chancery or any other court having jurisdiction over the party against which such determination is to be enforced. The fees and expenses of the Accounting Firm pursuant to this <U>Section</U><U></U><U>&nbsp;2.3</U> shall be borne <FONT
STYLE="white-space:nowrap">one-half</FONT> each by Buyer and Seller. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) A party claiming that any other party has failed to comply with
its obligations under <U>Section</U><U></U><U>&nbsp;2.3(b)</U> to provide access to information may initiate the appointment of the Accounting Firm by making a written request directly to BDO USA LLP. If any party initiates the appointment of the
Accounting Firm under this <U>Section</U><U></U><U>&nbsp;2.3(e)</U>, the Accounting Firm shall have the authority: (i)&nbsp;to determine if a party has complied with its obligations to provide </P>
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access to the information required pursuant to <U>Section</U><U></U><U>&nbsp;2.3(b)</U> and to order that a party comply with any such obligations; (ii)&nbsp;to extend any deadlines set forth in
this <U>Section</U><U></U><U>&nbsp;2.3</U>, including the immediate temporary suspension of such deadlines during the time period necessary to resolve the disputed issue; and (iii)&nbsp;to allow a party the right to amend any prior Price Adjustment
Statement or Notice of Disagreement where it finds that such party had been prejudiced by the failure to have been provided access to such information. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f) If the final Price Adjustment Statement discloses that Closing Net Working Capital exceeds the Estimated Net Working Capital, then the
amount of such excess shall be added on a <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">dollar-for-dollar</FONT></FONT> basis to the Purchase Price. If the final Price Adjustment Statement discloses that the Closing Net Working
Capital is less than the Estimated Net Working Capital, then the Purchase Price shall be reduced on a <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">dollar-for-dollar</FONT></FONT> basis by the amount of such deficit. If the final
Price Adjustment Statement discloses that the Closing Net Working Capital is equal to the Estimated Net Working Capital, then there shall be no adjustment under this <U>Section</U><U></U><U>&nbsp;2.3(f)</U> to the Purchase Price. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(g) If the final Price Adjustment Statement discloses that Estimated Net Indebtedness exceeds the Closing Net Indebtedness, then the amount of
such excess shall be added on a <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">dollar-for-dollar</FONT></FONT> basis to the Purchase Price. If the final Price Adjustment Statement discloses that Estimated Net Indebtedness is less
than the Closing Net Indebtedness, then the Purchase Price shall be reduced on a <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">dollar-for-dollar</FONT></FONT> basis by the amount of such deficit. If the final Price Adjustment
Statement discloses that Estimated Net Indebtedness is equal to Closing Net Indebtedness, then there shall be no adjustment under this <U>Section</U><U></U><U>&nbsp;2.3(g)</U> to the Purchase Price. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(h) No payment pursuant to this <U>Section</U><U></U><U>&nbsp;2.3</U> need be made by either party until the date that is fifteen
(15)&nbsp;Business Days after the determination of the final Price Adjustment Statement (the &#147;<U>Price Adjustment Due Date</U>&#148;); <U>provided</U> that on or before the Price Adjustment Due Date, Buyer or Seller (or one or more of its
Affiliates as may be designated by such party) shall pay or cause to be paid to the other party (or one or more of its Affiliates as may be designated by such party), in immediately available funds by wire transfer to one or more bank accounts
designated in writing at least two (2)&nbsp;Business Days prior to the Price Adjustment Due Date by the party receiving payment, cash in dollars in an amount equal to the aggregate Purchase Price adjustment under
<U>Sections</U><U></U><U>&nbsp;2.3(f)</U> and <U>2.3(g)</U>, if any, together with interest on such amount from the Closing Date to the date of such payment, at a rate equal to the Interest Rate on the Closing Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;2.4 <U>Purchase Price Adjustment following Closing for Net Funded Level</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Within one hundred twenty (120)&nbsp;days after the Closing Date, Seller shall prepare, or shall have prepared by a third party engaged by
Seller at Seller&#146;s sole cost and expense, and deliver to Buyer a statement (in its draft form, the &#147;<U>Net Funded Level Statement</U>&#148;) setting forth the Net Funded Level determined as of the day prior to the Closing Date, with
respect to the Transferred Employees who participated in the applicable Transferred <FONT STYLE="white-space:nowrap">Non-U.S.</FONT> Seller Pension Plans as of the day prior to the Closing Date (the &#147;<U>Closing Net Funded Level</U>&#148;),
which statement shall include a worksheet setting forth in reasonable detail how such amount was calculated on an <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">entity-by-entity</FONT></FONT> basis. To the extent that the Closing
Net Funded Level is </P>
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greater than or less than the Estimated Net Funded Level, the Purchase Price shall be adjusted as described in <U>Section</U><U></U><U>&nbsp;2.4(f)</U> below. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) In connection with the preparation and review of the Net Funded Level Statement, (i)&nbsp;Buyer shall (A)&nbsp;assist, and shall cause its
Affiliates to assist, Seller, its accountants, advisors and other Representatives in Seller&#146;s preparation of the Net Funded Level Statement and (B)&nbsp;afford to Seller, its accountants, advisors and other Representatives, reasonable access
during normal business hours to the personnel, properties, books and records of the Business in the possession of Buyer or any of its Affiliates to the extent relevant to the preparation of the Net Funded Level Statement and (ii)&nbsp;Seller shall
afford to Buyer, its accountants, advisors and other representatives, reasonable access during normal business hours to the personnel, properties, books and records of the Business in the possession of Seller or any of its Affiliates to the extent
relevant to the review of the Net Funded Level Statement. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) The Net Funded Level Statement shall become final and binding upon the
parties on the sixtieth (60th) day following receipt thereof by Buyer unless Buyer gives written notice of its disagreement (a &#147;<U>Notice of Net Funded Level Disagreement</U>&#148;) to Seller prior to such date. Any Notice of Net Funded Level
Disagreement shall specify (i)&nbsp;in reasonable detail the nature and amount of any disagreement so asserted, (ii)&nbsp;disagreements with respect to (and only with respect to) (A)&nbsp;whether the calculation of the Closing Net Funded Level was
prepared in accordance with this <U>Section</U><U></U><U>&nbsp;2.4</U> (including related definitions of defined terms used herein) and (B)&nbsp;whether there were mathematical errors in the Net Funded Level Statement and (iii)&nbsp;the amount that
Buyer reasonably believes is the correct Closing Net Funded Level based on the disagreements set forth in the Notice of Net Funded Level Disagreement, including a reasonably detailed description of the adjustments applied to the Net Funded Level
Statement in calculating such amount. If a timely Notice of Net Funded Level Disagreement is received by Seller, then the Net Funded Level Statement (as revised in accordance with clause (x)&nbsp;or (y) below) shall become final and binding upon the
parties on the earlier of (x)&nbsp;the date the parties hereto resolve all differences they have with respect to all matters specified in the Notice of Net Funded Level Disagreement or (y)&nbsp;the date Willis Towers Watson or, if Willis Towers
Watson is unable or unwilling to serve, another independent actuary upon which Seller and Buyer shall mutually agree (the &#147;<U>Actuary</U>&#148;) delivers the final Net Funded Level Statement to the parties (in accordance with the procedures set
forth in this <U>Section</U><U></U><U>&nbsp;2.4</U>). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) During the thirty (30)&nbsp;day period immediately following the delivery of a
Notice of Net Funded Level Disagreement, Seller and Buyer shall seek in good faith to resolve in writing any differences they may have with respect to any matter specified in the Notice of Net Funded Level Disagreement. At the end of such thirty
(30)&nbsp;day period, Seller and Buyer shall submit for review and resolution by the Actuary any and all matters that were included in the Notice of Net Funded Level Disagreement and remain in dispute, and the Actuary shall make a final
determination of the values set forth on the Net Funded Level Statement (and shall use such determination to prepare the final Net Funded Level Statement), which determination shall be binding on the parties; <U>provided</U>, <U>however</U>, the
scope of such determination by the Actuary shall be limited to: (i)&nbsp;those matters that remain in dispute and that were included in the Notice of Net Funded Level Disagreement (including any <FONT STYLE="white-space:nowrap">sub-matters</FONT>
subordinate to a larger included matter), (ii)&nbsp;whether such calculation was prepared in accordance with this <U>Section</U><U></U><U>&nbsp;2.4</U> and (iii)&nbsp;whether there were mathematical errors in the Net Funded Level Statement, and the
Actuary is not </P>
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authorized or permitted to make any other determination. Without limiting the generality of the foregoing, the Actuary is not authorized or permitted to make any determination as to the accuracy
of any representation or warranty in this Agreement or as to compliance by Seller or any of its Affiliates with any of the covenants in this Agreement (other than this <U>Section</U><U></U><U>&nbsp;2.4</U>). The determinations of the Actuary shall
be final and binding, absent fraud, bad faith or manifest error. Judgment may be entered upon the determination of the Actuary in Delaware Court of Chancery or any other court having jurisdiction over the party against which such determination is to
be enforced. The fees and expenses of the Actuary pursuant to this <U>Section</U><U></U><U>&nbsp;2.4</U> shall be borne <FONT STYLE="white-space:nowrap">one-half</FONT> each by Buyer and Seller. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) A party claiming that any other party has failed to comply with its obligations under <U>Section</U><U></U><U>&nbsp;2.4(b)</U> to provide
access to information may initiate the appointment of the Actuary by making a written request directly to Willis Towers Watson. If any party initiates the appointment of the Actuary under this <U>Section</U><U></U><U>&nbsp;2.4(e)</U>, the Actuary
shall have the authority: (i)&nbsp;to determine if a party has complied with its obligations to provide access to the information required pursuant to <U>Section</U><U></U><U>&nbsp;2.4(b)</U> and to order that a party comply with any such
obligations; (ii)&nbsp;to extend any deadlines set forth in this <U>Section</U><U></U><U>&nbsp;2.4</U>, including the immediate temporary suspension of such deadlines during the time period necessary to resolve the disputed issue; and (iii)&nbsp;to
allow a party the right to amend any prior Net Funded Level Statement or Notice of Net Funded Level Disagreement where it finds that such party had been prejudiced by the failure to have been provided access to such information. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f) If the final Net Funded Level Statement discloses that the Closing Net Funded Level is less than the Estimated Net Funded Level, then the
amount of such deficit shall be added on a <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">dollar-for-dollar</FONT></FONT> basis to the Purchase Price. If the final Net Funded Level Statement discloses that the Closing Net Funded
Level exceeds the Estimated Net Funded Level, then the Purchase Price shall be reduced on a <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">dollar-for-dollar</FONT></FONT> basis by the amount of such excess. If the final Net Funded
Level Statement discloses that the Closing Net Funded Level is equal to the Estimated Net Funded Level, then there shall be no adjustment to the Purchase Price in respect of the Closing under this <U>Section</U><U></U><U>&nbsp;2.4(f)</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(g) No payment pursuant to this <U>Section</U><U></U><U>&nbsp;2.4</U> need be made by either party until the date that is fifteen
(15)&nbsp;Business Days after the determination of the final Net Funded Level Statement (the &#147;<U>Net Funded Level Price Adjustment Due Date</U>&#148;); <U>provided</U> that on or before the Net Funded Level Price Adjustment Due Date,
(i)&nbsp;Buyer or Seller (or one or more of its Affiliates as may be designated by such party) shall pay or cause to be paid to the other party (or one or more of its Affiliates as may be designated by such party), in immediately available funds by
wire transfer to one or more bank accounts designated in writing at least two (2)&nbsp;Business Days prior to the Net Funded Level Price Adjustment Due Date by the party receiving such payment, cash in dollars in an amount equal to the Purchase
Price adjustment under <U>Section</U><U></U><U>&nbsp;2.4(f)</U>, if any, together with interest on such amount from the Closing Date to the date of such payment, at a rate equal to the Interest Rate on the Closing Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;2.5 <U>Holdback Taxes</U>. At least fifteen (15)&nbsp;days prior to the Closing Date, Seller shall prepare and deliver to Buyer a
statement setting forth Seller&#146;s good faith estimate of the aggregate amount of Holdback Taxes (the &#147;<U>Estimated Holdback Tax Amount</U>&#148;), calculated as of the last day of the most recent calendar month prior to such date. If the
Estimated Holdback </P>
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Tax Amount is in excess of five million dollars (U.S.$5,000,000), Seller and Buyer shall (i)&nbsp;hold back the Estimated Holdback Tax Amount from the Purchase Price to be paid at Closing, and
(ii)&nbsp;cooperate and negotiate with each other in good faith to make any necessary amendments to this Agreement regarding the holdback, payment and settlement of any Holdback Taxes and the settlement of the Estimated Holdback Tax Amount
(including payment to Seller of any excess amounts thereof), all within a reasonable time after the Closing Date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;2.6
<U>Allocation of the Consideration</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;(i) No later than thirty (30)&nbsp;days prior to the Closing Date, Seller shall prepare
and deliver to Buyer a proposed allocation for Tax, financial accounting and all other purposes that (A)&nbsp;allocates the Purchase Price plus any Assumed Liabilities treated as purchase price for Tax purposes (the &#147;<U>Tax
Consideration</U>&#148;) among the Transferred Assets and the Transferred Company Equity Interests as of the Effective Time separately and on an <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">entity-by-entity,</FONT></FONT> <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">country-by-country</FONT></FONT> and <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">asset-class-by-asset-class</FONT></FONT> basis, and (B)&nbsp;is in accordance with
Section&nbsp;1060 of the Code, the regulations promulgated thereunder and any similar, applicable provisions of state, local or foreign Law (as modified pursuant to this <U>Section</U><U></U><U>&nbsp;2.6</U>, the &#147;<U>Allocation</U>&#148;). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii) No later than the tenth (10th) Business Day following Buyer&#146;s receipt of a proposed allocation pursuant to
<U>Section</U><U></U><U>&nbsp;2.6(a)(i)</U>, Buyer shall deliver to Seller, in writing, any good faith objections to such proposed allocation. If Buyer does not deliver to Seller any such objections pursuant to this
<U>Section</U><U></U><U>&nbsp;2.6(a)(ii)</U>, the allocation proposed by Seller pursuant to <U>Section</U><U></U><U>&nbsp;2.6(a)(i)</U> shall become the Allocation. If Buyer delivers to Seller any such objections pursuant to this
<U>Section</U><U></U><U>&nbsp;2.6(a)(ii)</U>: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(A) Buyer and Seller shall negotiate with one another in good faith to agree
upon an allocation that is in accordance with <U>Sections 2.6(a)(i)(A)</U> and <U>(B)</U>, and any such allocation agreed upon by the parties in writing prior to the Closing Date shall become the Allocation (it being understood, for the avoidance of
doubt, that reaching such agreement shall not be a condition to Closing); and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(B) if Buyer and Seller are unable to agree
upon an allocation pursuant to clause (A)&nbsp;above, then (1)&nbsp;prior to the Closing Date, the parties hereto shall prepare a written schedule of the portions of a proposed allocation of the Tax Consideration that they have agreed upon to date,
if any, which schedule shall be final and binding on the parties and (2)&nbsp;subject to <U>Section</U><U></U><U>&nbsp;2.6(c)</U>, and to the extent not inconsistent with the Allocation (and the schedule described in clause (1), if applicable), each
party hereto shall be entitled to use its own allocation of the Tax Consideration as such party deems appropriate. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iii) Seller and Buyer
shall allocate the Net Working Capital Target among the Seller Affiliates on an <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">entity-by-entity</FONT></FONT> basis. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Seller (i)&nbsp;shall amend the Allocation (and the schedule described in <U>Section</U><U></U><U>&nbsp;2.6(a)(ii)(B)(1)</U>, if
applicable) on or prior to the Closing Date to reflect, to the extent not already reflected, (A)&nbsp;any Purchase Price adjustments made pursuant to <U>Section</U><U></U><U>&nbsp;2.2(c)</U> and (B) </P>

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the Estimated Net Working Capital, Estimated Net Indebtedness and Estimated Net Funded Level, (ii)&nbsp;shall amend the Allocation (and the schedule described in
<U>Section</U><U></U><U>&nbsp;2.6(a)(ii)(B)(1)</U>, if applicable) to reflect (A)&nbsp;any payments made pursuant to <U>Sections 2.3</U> and <U>2.4</U>, (B) the Net Working Capital and Net Indebtedness set forth in the Price Adjustment Statement
finalized pursuant to <U>Section</U><U></U><U>&nbsp;2.3</U> and (C)&nbsp;the Net Funded Level set forth in the Net Funded Level Statements finalized pursuant to <U>Section</U><U></U><U>&nbsp;2.4</U> and (iii)&nbsp;may amend the Allocation (and the
schedule described in <U>Section</U><U></U><U>&nbsp;2.6(a)(ii)(B)(1)</U>, if applicable) to reflect any adjustments to the Consideration under this Agreement for Tax purposes not described in clause (i)&nbsp;or (ii), in each case in a manner
reasonably consistent with the circumstances giving rise to such payments or adjustments (as applicable) and with the review and negotiation procedures set forth in <U>Section</U><U></U><U>&nbsp;2.6(a)</U>. </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) Except as required by applicable Law, (i)&nbsp;Seller and Buyer shall,
and shall cause each of their respective Affiliates to, (A)&nbsp;act in accordance with the Allocation (and the schedule described in <U>Section</U><U></U><U>&nbsp;2.6(a)(ii)(B)(1)</U>, if applicable) for all purposes, including with respect to any
forms or reports (including IRS Form 8594) filed pursuant to Section&nbsp;1060 of the Code, Treasury Regulations or any other provisions of applicable Law, (B)&nbsp;cooperate in the preparation of any such forms or reports and (C)&nbsp;timely file
such forms or reports in the manner required by applicable Law and (ii)&nbsp;Seller and Buyer shall not, and shall cause each of their respective Affiliates not to, take any position that is inconsistent with either the Allocation or the schedule
described in <U>Section</U><U></U><U>&nbsp;2.6(a)(ii)(B)(1)</U> if applicable in any communication (whether written or unwritten) with any Governmental Authority. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) In the event that either the Allocation or the schedule described in <U>Section</U><U></U><U>&nbsp;2.6(a)(ii)(B)(1)</U> if applicable is
disputed by any Taxing Authority, (i)&nbsp;the party receiving notice of the dispute shall promptly notify the other party hereto of such notice, (ii)&nbsp;both Seller and Buyer shall use commercially reasonable efforts to defend the Allocation (and
the schedule described in <U>Section</U><U></U><U>&nbsp;2.6(a)(ii)(B)(1)</U>, if applicable) in all Tax Contests and similar Proceedings and (iii)&nbsp;the dispute shall be deemed to be an Applicable Tax Contest for purposes of
<U>Section</U><U></U><U>&nbsp;9.9(b)</U> and shall be governed by the procedures for Applicable Tax Contests in such subsection (and not those for third party claims in <U>Section</U><U></U><U>&nbsp;10.6</U>). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;2.7 <U>Withholding</U>. Seller, Buyer, the Transferred Entities and their Affiliates shall be entitled to deduct and withhold
from any amount payable pursuant to this Agreement or any Ancillary Agreement any Taxes required to be withheld and deducted under applicable Law, and to the extent amounts are so withheld or deducted, such amounts shall be treated as having been
paid to the applicable Person with respect to whom such withholding or deduction was made; <U>provided</U>, <U>however</U>, that such applicable Person must be given reasonable notice prior to any such withholding. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE III </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CLOSING
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;3.1 <U>Closing</U>. Except for the Transferred German Company Equity Interests, the Closing shall take place at the
offices of Squire Patton Boggs (US) LLP, at 30 Rockefeller Plaza, New York, New York 10112, or by the electronic exchange of documents and signatures by the parties hereto, at 10:00 a.m., Eastern Time, on the first date that is both (i)&nbsp;at
least three </P>
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(3) Business Days following the satisfaction (or, to the extent permitted, waiver by the parties entitled to the benefits thereof) of all the conditions set forth in <U>Article IV</U> and
(ii)&nbsp;the last Business Day of the month, or at such other times and places as the parties hereto may mutually agree. The date on which the Closing occurs in the United States is the Closing Date (the &#147;<U>Closing Date</U>&#148;). Closing in
respect of the Transferred German Company Equity Interests shall take place with the lapse of the day of the Closing Date in Central Europe (CET), specifically and precisely, at 24 hours CET / 00 hours CET the next day thereafter (the
&#147;<U>German Closing Date</U>&#148;). All of the actions to be taken and documents to be executed and delivered at the Closing shall be deemed to be taken, executed and delivered simultaneously, and no such action, execution or delivery shall be
effective until all are complete, except as specifically provided herein. The Closing shall be deemed to be effective as to each jurisdiction in which the Transferred Assets and the Transferred Company Equity Interests are sold, assigned,
transferred, conveyed, and delivered to, and the Assumed Liabilities are assumed by, Buyer or the applicable Buyer Corporation as of the Effective Time. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;3.2 <U>Closing; Deliveries</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) At the Closing, Seller, for itself and as agent for the other Selling Corporations, shall deliver or cause to be delivered (unless
delivered previously) to Buyer, for itself and as agent for the Buyer Corporations: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i) duly executed Transition Services Agreement; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii) duly executed Copyright Assignment Agreement as contemplated by <U>Section</U><U></U><U>&nbsp;2.1(a)</U>; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iii) duly executed Domain Name Assignment Agreement as contemplated by <U>Section</U><U></U><U>&nbsp;2.1(a)</U>; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iv) duly executed General Assignment Agreement as contemplated by <U>Section</U><U></U><U>&nbsp;2.1(a)</U>; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(v) duly executed Patent Assignment Agreement as contemplated by <U>Section</U><U></U><U>&nbsp;2.1(a)</U>; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(vi) duly executed Trademark Assignment Agreement as contemplated by <U>Section</U><U></U><U>&nbsp;2.1(a)</U>; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(vii) the Equity Interest Certificates as contemplated by <U>Section</U><U></U><U>&nbsp;2.1(a)</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(viii) duly executed Business Transfer Documents for each applicable jurisdiction as contemplated by <U>Section</U><U></U><U>&nbsp;2.1(f)</U>;
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ix) duly executed Tolling Agreements; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(x) the officer&#146;s certificate referred to in to <U>Section</U><U></U><U>&nbsp;4.2(c)</U>; </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(xi) the resignations of all directors and officers of the Transferred Entities; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(xii) duly executed Reverse Transition Services Agreement. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) At the Closing, Buyer, for itself and as agent for the Buyer Corporations, shall deliver (unless delivered previously) to Seller, for
itself and as agent for the other Selling Corporations: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i) the Purchase Price by wire transfer in dollars in immediately available funds
in accordance with the written instructions provided by Seller pursuant to <U>Section</U><U></U><U>&nbsp;2.2(a)</U>; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii) duly executed
Transition Services Agreement; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iii) duly executed Copyright Assignment Agreement as contemplated by
<U>Section</U><U></U><U>&nbsp;2.1(a)</U>; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iv) duly executed Domain Name Assignment Agreement as contemplated by
<U>Section</U><U></U><U>&nbsp;2.1(a)</U>; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(v) duly executed General Assignment Agreement as contemplated by
<U>Section</U><U></U><U>&nbsp;2.1(a)</U>; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(vi) duly executed Patent Assignment Agreement as contemplated by
<U>Section</U><U></U><U>&nbsp;2.1(a)</U>; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(vii) duly executed Trademark Assignment Agreement as contemplated by
<U>Section</U><U></U><U>&nbsp;2.1(a)</U>; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(viii) duly executed Assumption Agreement as contemplated by
<U>Section</U><U></U><U>&nbsp;2.1(c)</U>; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ix) duly executed Business Transfer Documents for each applicable jurisdiction as contemplated
by <U>Section</U><U></U><U>&nbsp;2.1(f)</U>; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(x) duly executed Tolling Agreements; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(xi) duly executed Affiliate Guarantee as contemplated by <U>Section</U><U></U><U>&nbsp;6.8</U>; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(xii) duly executed R&amp;W Insurance Policy; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(xiii) the officer&#146;s certificate pursuant to <U>Section</U><U></U><U>&nbsp;4.3(c)</U>; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(xiv) duly executed Reverse Transition Services Agreement. </P>
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<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONDITIONS TO CLOSING </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;4.1 <U>Conditions to the Obligations of Buyer and Seller</U>. All of the respective obligations of Buyer and Seller hereunder are
subject to fulfillment, prior to or at the Closing, of the following conditions (compliance with which or the occurrence of which may be waived in whole or in part by either party in writing with respect to fulfillment of conditions to its own
obligations): </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) No Legal Restraint shall be in effect preventing the consummation of the Acquisition. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;(i) The waiting period required under the HSR Act, including any extensions thereof, shall have expired, (ii)&nbsp;the approval of the
European Commission shall have been obtained or deemed to have been obtained pursuant to the EU Merger Regulation and (iii)&nbsp;any required filing, consent, approval or action required to be made or obtained relating to the Acquisition or advance
ruling certificate or <FONT STYLE="white-space:nowrap">no-action</FONT> letter required to obtain an exemption therefrom, in each case pursuant to the Competition Laws of any Governmental Authority, set forth on <U>Schedule 4.1(b)</U> shall have
been obtained or deemed to have been obtained. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;4.2 <U>Conditions to the Obligations of Buyer</U>. All of the obligations of
Buyer hereunder are subject to fulfillment, prior to or at the Closing, of the following conditions (compliance with which or the occurrence of which may be waived in whole or in part by Buyer in writing): </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;(i) Each of the Fundamental Representations of Seller shall be true and correct in all respects (other than <I>de minimis</I>
inaccuracies) on and as of the Closing Date (other than representations and warranties made as of a specified date, which shall be true and correct in all respects as of the date specified) and (ii)&nbsp;all other representations and warranties of
Seller (without giving effect to any materiality or Material Adverse Effect or similar qualifications contained in such representations and warranties) contained herein shall be true and correct on and as of the Closing Date (other than
representations and warranties made as of a specified date, which shall be true and correct as of the date specified), except for breaches or inaccuracies that would not have a Material Adverse Effect. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) The Selling Corporations shall have performed and complied in all material respects with all the terms, provisions and conditions of this
Agreement and the Ancillary Agreements to be complied with and performed by any Selling Corporation at or before the Closing. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) Seller
shall have delivered to Buyer a certificate dated the Closing Date and executed by an authorized officer of Seller to the effect that each of the conditions specified above in <U>Sections</U><U></U><U>&nbsp;4.2(a)</U> and <U>(b)</U>&nbsp;is
satisfied in all respects. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) Since the date of this Agreement, there has been no event or occurrence that would have a Material Adverse
Effect. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) The actions set forth in <U>Section</U><U></U><U>&nbsp;3.2(a)</U> shall have been completed. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;4.3 <U>Conditions to the Obligations of Seller</U>. All of the obligations of
Seller hereunder are subject to fulfillment, prior to or at the Closing, of the following conditions (compliance with which or the occurrence of which may be waived in whole or in part by Seller in writing): </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;(i) Each of the Fundamental Representations of Buyer shall be true and correct in all respects (other than <I>de minimis</I>
inaccuracies) on and as of the Closing Date (other than representations and warranties made as of a specified date, which shall be true and correct in all respects as of the date specified) and (ii)&nbsp;all other representations and warranties of
Buyer (without giving effect to any materiality or Material Adverse Effect or similar qualifications contained in such representations and warranties) contained herein shall be true and correct on and as of the Closing Date (other than
representations and warranties made as of a specified date, which shall be true and correct as of the date specified), except for breaches or inaccuracies that would not have a Buyer Material Adverse Effect. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Buyer and the Buyer Corporations shall have performed and complied in all material respects with all the terms, provisions and conditions
of this Agreement and the Ancillary Agreements to be complied with and performed by Buyer at or before the Closing. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) Buyer shall have
delivered to Seller a certificate dated the Closing Date and executed by an authorized officer of Buyer to the effect that each of the conditions specified above in <U>Sections</U><U></U><U>&nbsp;4.3(a)</U> and <U>(b)</U>&nbsp;is satisfied in all
respects. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) Seller shall have received the Purchase Price (for itself and as agent for the other Selling Corporations) in accordance
with <U>Section</U><U></U><U>&nbsp;2.2</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) Since the date of this Agreement, there has been no event or occurrence that would have a
Buyer Material Adverse Effect. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f) The actions set forth in <U>Section</U><U></U><U>&nbsp;3.2(b)</U> shall have been completed. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;4.4 <U>Frustration of Closing Conditions</U>. Neither Seller nor Buyer may rely on the failure of any condition set forth in this
<U>Article</U><U></U><U>&nbsp;IV</U> to be satisfied if such failure was caused by such party&#146;s failure to act in good faith or to use its reasonable best efforts to cause the Closing to occur, as required by
<U>Section</U><U></U><U>&nbsp;7.3</U>. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE V </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>REPRESENTATIONS AND WARRANTIES OF SELLER </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Except as set forth in the Disclosure Letter (it being understood that (i)&nbsp;any information set forth in one section or subsection of the
Disclosure Letter shall be deemed to apply to and to qualify the Section or subsection of this Agreement to which it corresponds in number and each other Section or subsection of this Agreement to the extent it is reasonably apparent that such
information is relevant to such other Section or subsection and (ii)&nbsp;representations and warranties made as of a specified date shall be made only as of the date specified), Seller hereby represents and warrants to Buyer the following
(<U>provided</U> that no representation or warranty in this <U>Article V</U> is made with respect to the Unconsolidated Joint Venture or the assets, properties, equity interests or Liabilities thereof other than
<U>Section</U><U></U><U>&nbsp;5.7</U>): </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.1 <U>Organization</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Each Seller Affiliate is duly organized, validly existing and in good standing (to the extent such concept is known in the relevant
jurisdiction) under the Laws of its respective jurisdiction of formation and has full power and authority to own its properties and carry on its business in the places where such properties are now owned or such businesses are now being conducted.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) True and complete copies of the organizational documents of each Transferred Entity, as in effect as of the date of this Agreement,
have been delivered or otherwise made available to Buyer. All such organizational documents are valid and in full force and effect and no further changes thereto have been resolved or implemented on or prior to the date of this Agreement. None of
the Transferred Entities is in default under or in violation of any provision of its organizational documents. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) Each Transferred Entity
is duly qualified or authorized to do business and is in good standing (to the extent such concept is known or acknowledged in the relevant jurisdiction) under the Laws of each jurisdiction in which its conduct of business or the ownership of its
properties and assets requires such qualification or authorization. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.2 <U>Authority; Binding Effect</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Seller has full power and authority to enter into this Agreement and each of the Selling Corporations has full power and authority to enter
into the Ancillary Agreements to which it is to be a party and to perform its obligations hereunder and thereunder (as the case may be). This Agreement has been and the Ancillary Agreements to which the Selling Corporations are to be a party will be
by Closing duly authorized and approved by all necessary corporate action. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Assuming the due authorization, execution and delivery of
this Agreement by Buyer, this Agreement constitutes a legal, valid and binding obligation of Seller, enforceable against Seller in accordance with its terms, except as enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium
or similar Laws affecting creditors&#146; rights generally and by general equity principles. Assuming the due authorization, execution and delivery of the Ancillary Agreements by Buyer or the relevant Buyer Corporation (as the case may be), each
Ancillary Agreement to be executed by any Selling Corporation, when delivered hereunder, will be duly and validly executed and delivered, and will constitute a legal, valid and binding obligation of such Selling Corporation, enforceable in
accordance with its terms, except as enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or similar Laws affecting creditors&#146; rights generally and by general equity principles. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.3 <U><FONT STYLE="white-space:nowrap">Non-Contravention</FONT></U>. Except as set forth on <U>Schedule 5.3</U>, the execution,
delivery and performance of this Agreement by Seller, the execution, delivery and performance of the Ancillary Agreements by any Selling Corporation party thereto and the consummation of the Acquisition, do not and will not (a)&nbsp;violate any
provision of the organizational documents of any Seller Affiliate, (b)&nbsp;conflict with, or result in the breach of, or constitute a default under, or result in the termination, cancellation or acceleration (whether after the giving of notice or
the </P>
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lapse of time or both) of any right or obligation of any Seller Affiliate under any Material Contract to which it is a party or to which its assets are subject or result in the creation or the
imposition of any Encumbrance upon any of the Transferred Assets, Transferred Company Equity Interests or assets of any Transferred Entity, or result in the cancellation, modification, revocation or suspension of any material Governmental
Authorization in respect of the Transferred Assets, Transferred Equity Interests or Transferred Entities, or (c)&nbsp;assuming compliance with the matters set forth in <U>Sections 5.4</U> and <U>6.5</U>, violate or result in a breach of or
constitute a default of any Law of any Governmental Authority applicable to any Seller Affiliates, or any of the Transferred Assets or Transferred Company Equity Interests or assets of the Transferred Entities or any Order against any Seller
Affiliate or the Transferred Assets, the Transferred Company Equity Interests or any asset of the Transferred Entities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.4
<U>Seller Governmental Consents and Approvals</U>. The execution and delivery of this Agreement by Seller and the execution and delivery of the Ancillary Agreements by any Selling Corporation party thereto, and the performance of their respective
obligations hereunder and thereunder, do not and will not require any filing with, or clearance, consent or approval of, any Governmental Authority, except for filings, clearances, consents or approvals pursuant to the HSR Act, the EU Merger
Regulation, other Competition Laws or the failure of which to effect or obtain would not prevent or materially interfere with Seller&#146;s ability to consummate the transactions contemplated by this Agreement and the Ancillary Agreements. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.5 <U>Financial Information; Undisclosed Liabilities</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) <U>Schedule 5.5</U> sets forth the following financial statements of the Business: (i)&nbsp;the audited balance sheets of the Business as
of September&nbsp;30, 2017 and 2016 and the related audited income statements and cash flows statements of the Business for the twelve-month periods ended September&nbsp;30, 2017 and 2016 (collectively, the &#147;<U>Carveout Financial
Statements</U>&#148;); and (ii)&nbsp;the unaudited balance sheet of the Business as of June&nbsp;30, 2018 (the &#147;<U>Unaudited Balance Sheet</U>&#148;) and the related unaudited income statement and cash flows statements of the Business for the
nine-month period ended June&nbsp;30, 2018 (the &#147;<U>Unaudited Financial Statements</U>&#148; and together with the Carveout Financial Statements, the &#147;<U>Financial Statements</U>&#148;). The Financial Statements present fairly, in all
material respects, the financial position and results of operations of the Business as of the dates of, and the periods referred to in, such Financial Statements in conformity with GAAP applied on a consistent basis with respect to such periods,
subject, in the case of the Unaudited Financial Statements to normal <FONT STYLE="white-space:nowrap">year-end</FONT> adjustments that are neither individually, nor in the aggregate, material in amount and the absence of footnote disclosures. From
June&nbsp;30, 2018 to the date of this Agreement, there has not been any material change in the accounting methods used by any Seller Affiliate with respect to the Business. The Seller Affiliates maintain systems of internal accounting controls with
respect to the Business designed to provide reasonable assurances that: (i)&nbsp;transactions are executed in accordance with management&#146;s specific or general authorization, (ii)&nbsp;transactions are recorded as necessary to permit the
preparation of financial statements in accordance with GAAP. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) There is no Liability of the Business required to be set forth on the
Unaudited Balance Sheet in accordance with GAAP, except (i)&nbsp;as disclosed, set forth or reserved against on the face of the Unaudited Balance Sheet, (ii)&nbsp;for Liabilities incurred in the ordinary course of business since the date of the
Unaudited Balance Sheet, (iii)&nbsp;for Taxes, (iv)&nbsp;for </P>
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Liabilities that will be included in Closing Net Working Capital, Closing Indebtedness, or Closing Net Funded Level, (v)&nbsp;for Excluded Liabilities, and (vi)&nbsp;for Liabilities incurred in
entering into this Agreement and/or performing obligations pursuant to the terms hereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.6 <U>Absence of Material Adverse
Effect</U>. From September&nbsp;30, 2017 to the date of this Agreement, there has, with respect to the Business, been no event or occurrence that would have a Material Adverse Effect. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.7 <U>Equity Interests in the Transferred Entities; Equity Interests in Other Persons</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) <U>Schedule</U><U></U><U>&nbsp;5.7(a)</U> sets forth the name and the jurisdiction of organization of each Transferred Entity.
<U>Schedule</U><U></U><U>&nbsp;5.7(a)</U> sets forth, as of the date of this Agreement and for each Transferred Entity, the number of authorized equity interests in such Transferred Entity, the number of outstanding equity interests in such
Transferred Entity and the record and beneficial owners thereof. Except for the Transferred Equity Interests, as of the date of this Agreement, there are no equity interests in a Transferred Entity issued, reserved for issuance or outstanding and
there are no preemptive or similar rights on the part of any holder of any class of securities of any Transferred Entity. The Entity Selling Corporations have good and valid title to the Transferred Company Equity Interests, free and clear of all
Encumbrances, other than transfer restrictions imposed by applicable securities Laws, and are the record and beneficial owners thereof. The Transferred Entities have good and valid title to the Transferred Company Subsidiary Equity Interests, free
and clear of all Encumbrances, other than transfer restrictions imposed by applicable securities Laws, and are the record and beneficial owner thereof. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) The Transferred Equity Interests have been duly authorized and validly issued and are fully paid and nonassessable. As of the date of this
Agreement, there is no Indebtedness of any Transferred Entity having the right to vote (or that is convertible into, or exercisable or exchangeable for, securities having the right to vote) on any matters on which holders of the Transferred Equity
Interests may vote (&#147;<U>Transferred Entity Voting Debt</U>&#148;). As of the date of this Agreement, there are not any options, warrants, rights, convertible or exchangeable securities, &#147;phantom&#148; stock rights, stock appreciation
rights, stock-based performance units, commitments, Contracts, arrangements or undertakings to which any Transferred Entity is a party or by which any of them is bound (i)&nbsp;obligating any Transferred Entity to issue, deliver or sell, or cause to
be issued, delivered or sold, additional units of its equity interests or any security convertible into, or exercisable or exchangeable for, any equity interest in any Transferred Entity or any Transferred Entity Voting Debt, (ii)&nbsp;obligating
any Transferred Entity to issue, grant, extend or enter into any such option, warrant, security, right, unit, commitment, Contract, arrangement or undertaking or (iii)&nbsp;that give any Person the right to receive any economic benefit or right
similar to or derived from the economic benefits and rights accruing to holders of the Transferred Equity Interests. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) Except as set
forth on <U>Annex E</U> or <U>Schedule 5.7(c)</U>, as of the date of this Agreement, no Transferred Entity owns, directly or indirectly, any equity interests in any other Person. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.8 <U>Real Property</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) <U>Schedule 5.8(a)</U> sets forth a true and correct list of the Leased Real Property, and each Seller Affiliate has good, valid, and
enforceable leasehold title to the Leased Real Property, free and clear of any Encumbrances, other than Permitted Encumbrances, and Seller has delivered or otherwise made available to Buyer true, correct, and complete copies of the Contracts for
such Leased Real Property. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) <U>Schedule 5.8(b)</U> sets forth a true and correct list of the Owned Real Property, and each Seller
Affiliate, as applicable, has good and valid fee title to the Owned Real Property, free and clear of any Encumbrances, other than Permitted Encumbrances. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) Except as set forth on <U>Schedule 5.8(c)</U> no Seller Affiliate has leased, licensed, or otherwise granted to any Person the right to use
or occupy any Owned Real Property or Leased Real Property owned or leased by such Seller, an Asset Selling Corporation or a Transferred Entity, as applicable, or any portion thereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.9 <U>Material Contracts</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Except for the Contracts set forth on <U>Schedule</U><U></U><U>&nbsp;5.9(a)</U> (the &#147;<U>Material Contracts</U>&#148;), Contracts
entered into after the date hereof and Contracts constituting Excluded Assets or Excluded Liabilities, (x)&nbsp;no Transferring Corporation is a party to or bound by any Contract used in the operation of conduct of the Business and (y)&nbsp;there is
no Transferred Contract: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i) for the purchase of Inventory or other Transferred Tangible Personal Property, the performance of which is
reasonably expected to involve annual payments on the part of the Seller Affiliates in excess of U.S.$5,000,000 and is not terminable by the Seller Affiliates on ninety (90)&nbsp;days&#146; notice or less without premium or penalty (excluding sales
orders and purchase orders issued in the ordinary course of business); </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii) for the sale of Inventory or other Transferred Tangible
Personal Property or for the furnishing of services, the performance of which is reasonably expected to involve annual payments on the part of the Seller Affiliates in excess of U.S.$5,000,000 and is not terminable by the Seller Affiliates on ninety
(90)&nbsp;days&#146; notice or less without premium or penalty (excluding sales orders and purchase orders issued in the ordinary course of business); </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iii) with any Key Customer (other than purchase orders, sales orders or invoices entered into in the ordinary course of business); </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iv) with a Key Supplier (other than purchase orders, sales orders or invoices entered into in the ordinary course of business); </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(v) concerning a joint venture, partnership or similar Contract (however named); </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(vi) under which the Business has (A)&nbsp;created, incurred, assumed or guaranteed any Indebtedness, (B)&nbsp;granted an Encumbrance (other
than a Permitted </P>
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Encumbrance) on any material Transferred Asset, any Transferred Equity Interests or any material asset of a Transferred Entity, in each case, other than an Encumbrance that will be released as of
the Closing, or (C)&nbsp;provided for the sale of any material Transferred Asset, any Transferred Equity Interests or any material asset of a Transferred Entity or granted any preferential rights to purchase any material Transferred Asset, any
Transferred Equity Interests or any material asset of a Transferred Entity, in each case outside the ordinary course of business; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(vii)
that limits or purports to limit the ability of the Business to compete in any line of business or with any Person or in any geographic area; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(viii) that is a Contract with a distributor expected to involve annual payments on the part of the Seller Affiliates in excess of
U.S.$5,000,000 and is not terminable by the Seller Affiliates on ninety (90)&nbsp;days&#146; notice or less without premium or penalty; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ix) that is a Commingled Contract expected to involve annual payments on the part of the Seller Affiliates in excess of U.S.$1,000,000; or
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(x) the India Tolling Agreement, the Brazil Tolling Agreement, the Turkey Tolling Agreement and the China Tolling Agreement. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) (i)&nbsp;Each Material Contract and each Contract for Leased Real Property is valid and binding on any Transferring Corporation party
thereto and, to the Knowledge of Seller, each other party thereto and is in full force and effect, and (ii)&nbsp;no Transferring Corporation is in material breach of, or material default under, any Material Contract to the extent it is a party
thereto and, to the Knowledge of Seller, no other party thereto is in material breach of, or material default under, any Material Contract. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.10 <U>Intellectual Property Rights</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) <U>Schedule 5.10(a)</U> sets forth a list of all (i)&nbsp;registered Copyrights and registered pending Copyright applications,
(ii)&nbsp;issued Patents and registered pending Patent applications, (iii)&nbsp;registered Trademarks and registered pending Trademark applications and (iv)&nbsp;Domain Name registrations, in each case owned by or licensed to the Transferring
Corporations and used exclusively in the Business. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Except for Permitted Encumbrances, (i)&nbsp;each Transferring Corporation
(A)&nbsp;has the right to use the IP Rights under the Transferred IP Licenses it is a party to, and (B)&nbsp;owns or otherwise has the right to use the Transferred IP owned or used by it, and, (ii)&nbsp;a Transferred Entity owns or otherwise has the
right to use the IP Rights owned or used by it in connection with the operation of the Business (collectively the &#147;<U>Business IP</U>&#148;). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) For the period from September&nbsp;30, 2015 to the date hereof, to the Knowledge of Seller, none of the processes, products or services of
the Business, as currently conducted or as conducted in such period, infringes, misappropriates or otherwise violates any of the IP Rights of any third Person or has infringed, misappropriated or otherwise violated the IP Rights of any third Person.
</P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) For the period from September&nbsp;30, 2015 to the date hereof, to the Knowledge of
Seller, no third Person infringed upon or is infringing upon, misappropriated or is misappropriating or otherwise violated or is violating the Business IP owned by a Transferring Corporation. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) For the period from September&nbsp;30, 2015 to the date hereof, to the Knowledge of Seller, no third Person has asserted any objection or
claim with respect to the ownership, validity or enforceability of the Business IP owned by a Transferring Corporation, nor has Seller received any such claim in writing. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f) Except with respect to licenses granted to or by third parties in the ordinary course of business, agreements with distributors entered
into in the ordinary course of business, &#147;shrink-wrap&#148; or other generally available commercial licenses or as otherwise contemplated by this Agreement, <U>Schedule</U><U></U><U>&nbsp;5.10(f)</U> sets forth a list of all material
Transferred IP Licenses and, in the case of the Transferred Entities, all material licenses to the Business IP to which any Transferred Entity is a party. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(g) The Business IP contains all of the IP Rights necessary for the conduct of the Business as conducted on the date of this Agreement (other
than (a)&nbsp;assets, services and other obligations of the parties that are contemplated by any Ancillary Agreement and (b)&nbsp;general and administrative support and corporate-level services and related computer software programs currently
provided to the Business by Seller and its Affiliates). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(h) Notwithstanding anything else, the representations and warranties set forth
under this <U>Section</U><U></U><U>&nbsp;5.10</U> are Seller&#146;s exclusive representations and warranties relating to respect to intellectual property matters. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.11 <U>Title to Transferred Assets</U>. Subject to Permitted Encumbrances, Seller, an Asset Selling Corporation or a Transferred
Entity has good title to or, in the case of leased Transferred Tangible Personal Property, valid leasehold interests in all the material assets of the Business reflected on the Unaudited Balance Sheet or otherwise used exclusively in the Business,
free and clear of Encumbrances (other than Permitted Encumbrances) (in each case, other than with respect to (a)&nbsp;real property and leases thereof, which are the subject of <U>Section</U><U></U><U>&nbsp;5.8</U>, (b) IP Rights, which are the
subject of <U>Section</U><U></U><U>&nbsp;5.10</U>, (c) Excluded Assets and (d)&nbsp;assets disposed of since the date of the Unaudited Balance Sheet). Subject to <U>Section</U><U></U><U>&nbsp;2.1(g)</U> and any leasehold interest, and assuming valid
execution of the Business Transfer Documents and the delivery of the Transferred Assets from the Selling Corporations to Buyer and the Buyer Corporations, Buyer and its Affiliates shall own all the rights, title and interest in any to such
Transferred Assets, free and clear of all Encumbrances, other than Permitted Encumbrances. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.12 <U>Sufficiency of
Assets</U>. The Transferred Assets and the assets that will be owned, leased or licensed by the Transferred Entities immediately following the Closing (including Contracts) will constitute all the material assets, rights and facilities that are used
in or required for the conduct of the Business immediately following the Closing by Buyer and its Affiliates in substantially the same manner as it has been conducted by Seller and its Affiliates since January&nbsp;1, 2018 (other than (a)&nbsp;the
Excluded Assets, and (b)&nbsp;assets, services and other obligations of the parties that are contemplated by any Ancillary Agreement; <U>provided</U> (i)&nbsp;all </P>
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consents, waivers, approvals, licenses, permits, authorizations, registrations, declarations, filings or notifications required to be made, transferred or obtained in connection with the
execution, delivery and performance of this Agreement, the Ancillary Agreements and the Acquisition are so made, transferred or obtained and (ii)&nbsp;Buyer owns or forms legal entities in any necessary jurisdictions and that such legal entities
obtain such necessary corporate qualifications to do business in such jurisdictions. Except for the Excluded Assets used to provide services, assets or product to Buyer and its Affiliates pursuant to any Ancillary Agreement, none of the Excluded
Assets is required to continue the operation of the Business after the Closing in the ordinary course consistent with past practice. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.13 <U>Compliance with Laws</U>. Each Seller Affiliate, to the extent applicable to its ownership of Transferred Assets or
Transferred Equity Interests or other participation in the operation of the Business, is in compliance in all material respects with all Laws (other than Environmental Laws, Tax Laws or Laws relating to employee benefits or labor matters). Since
September&nbsp;30, 2015, no Seller Affiliate has received any written notice from any Governmental Authority alleging, or been charged with, any violation of any Laws by such Seller Affiliate, in each case as it relates to the ownership of
Transferred Assets, or Transferred Equity Interests or otherwise relating to the operation of the Business. To the Knowledge of Seller, no facts or circumstances exist which would reasonably be expected to cause any Governmental Authority to allege
or charge a violation of any Laws by any Seller Affiliate. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.14 <U>Environmental Matters</U>. </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Except as set forth on <U>Schedule 5.14</U>, each Seller Affiliate, to
the extent applicable to its ownership of the Transferred Assets or the Transferred Equity Interests or its operation or conduct of the Business, is and has for the past three (3)&nbsp;years been in compliance in all material respects with
Environmental Laws and Governmental Authorizations issued thereunder. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Except as set forth on <U>Schedule 5.14</U>, as of the date
hereof, (i)&nbsp;none of the Seller Affiliates has received any Environmental Notice arising from or relating to the operation or conduct of the Business, or to the ownership or operation of any Transferred Asset, the substance of which
Environmental Notice has not been resolved; and (ii)&nbsp;no Order or Proceeding has been issued or is pending against, or to the Knowledge of Seller is threatened in writing against, Seller, any Asset Selling Corporation or any Transferred Entity
relating to a material violation of or a material Liability arising under any applicable Environmental Law or Governmental Authorization (in each such case, solely to the extent related to the ownership or operation of any Transferred Assets or the
Transferred Equity Interests or the operation or conduct of the Business). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) Notwithstanding anything else, the representations and
warranties in this <U>Section</U><U></U><U>&nbsp;5.14</U> and <U>Section</U><U></U><U>&nbsp;5.16</U> are Seller&#146;s exclusive representations and warranties relating to environmental matters. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.15 <U>No Litigation or Orders</U>. Except as set forth on <U>Schedule 5.15</U>, there are no (a)&nbsp;Proceedings pending
against or, to the Knowledge of Seller, threatened in writing, or, to the Knowledge of Seller, any investigations or audits by a Governmental Authority related to </P>
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potential Proceedings, against any Seller Affiliate in connection with the Business, except as would reasonably be expected to be, individually, in excess of one million dollars (U.S.$1,000,000)
and (b)&nbsp;no Seller Affiliate is subject to any outstanding Order in connection with the Business that would have a Material Adverse Effect. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.16 <U>Governmental Authorizations</U>. <U>Schedule 5.16</U> sets forth, as of the date hereof, a list of all material
Governmental Authorizations constituting a Transferred Asset or held by a Transferred Entity (assuming, for purposes of this <U>Section</U><U></U><U>&nbsp;5.16</U> only, that all consents necessary for the transfer of such Governmental
Authorizations to Buyer have been obtained) currently held or being applied for by any Transferred Corporation in connection with the ownership of the Transferred Assets or the operation of the Business (other than authorizations to do business, Tax
registrations, export/import licenses and other similar Governmental Authorizations of general application). No Transferred Corporation has, for the period from September&nbsp;30, 2015 to the date hereof, received written notice that any
Governmental Authorization constituting a Transferred Asset or held by a Transferred Entity is not in full force and effect (other than any such notice regarding a Governmental Authorization that is in full force and effect as of the date hereof),
and no claim or Proceeding is pending, or to the Knowledge of Seller, threatened to revoke or limit any such Governmental Authorization. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.17 <U>Taxes</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) (i)&nbsp;All income and all material <FONT STYLE="white-space:nowrap">non-income</FONT> Tax Returns required to have been filed for <FONT
STYLE="white-space:nowrap">Pre-Closing</FONT> Tax Periods for which the statute of limitations is open, to the extent such Tax Returns are of the Transferred Entities or relate to the Transferred Assets, the Assumed Liabilities and the Business,
have been timely filed (taking into account extensions), and all such Tax Returns are true, complete and accurate in all material respects, (ii)&nbsp;all Taxes due, whether or not shown on such Tax Returns, to the extent such Taxes are of the
Transferred Entities or relate to the Transferred Assets, the Assumed Liabilities and the Business, have been paid in full by the due date thereof, other than Taxes being contested in good faith by appropriate Proceedings and (iii)&nbsp;there are no
Tax Encumbrances (other than Permitted Encumbrances) on the Transferred Assets or the assets of any Transferred Entity. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;(i)
Except as set forth on <U>Schedule 5.17(b)</U>, none of the Transferred Entities has waived any statute of limitations in respect of Taxes or agreed to any extension of time with respect to a Tax assessment or deficiency and (ii)<U>&nbsp;Schedule
5.17(b)</U> sets forth the classification of each Transferred Entity for U.S. federal income tax purposes. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) Except as set forth on
<U>Schedule 5.17(c)</U>, there is no Tax Contest pending or currently in progress against any of the Transferred Entities or relating to the Transferred Assets, the Assumed Liabilities or the Business. No assessment or deficiency of Tax has been
proposed in writing against any of the Transferred Entities or relating to the Transferred Assets, the Assumed Liabilities or the Business nor to Seller&#146;s Knowledge has written notice in respect of a contemplated Tax Contest been received,
which has not been paid or resolved in full. To the Knowledge of Seller, no written claim has ever been made by a Governmental Authority in a jurisdiction where any Transferred Entity does not file Tax Returns that such Transferred Entity may be
subject to taxation by that jurisdiction. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) All material Taxes required to be collected or withheld by the Transferred Entities or
relating to the Transferred Assets, the Assumed Liabilities or the Business have been collected or withheld and paid over to the proper Governmental Authority in accordance with applicable Tax Law </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) Except as set on <U>Schedule 5.17(e)</U>, none of the Transferred Entities (i)&nbsp;is or has ever been a member of an affiliated,
consolidated, combined or unitary group for Tax purposes (other than the group to which they are currently members and the common parent of which is Seller), (ii) has any liability for the Taxes of any Person (other than the Transferred Entities)
under Treasury Regulations <FONT STYLE="white-space:nowrap">Section&nbsp;1.1502-6</FONT> (or any similar provision of any state, local or foreign Law), as a transferee or successor, by contract, or otherwise, (iii)&nbsp;is a party to, or bound by,
or has any obligation or liability under, any Tax allocation, Tax sharing or Tax indemnity agreement, other than any commercial agreement entered into in the ordinary course of business and the principal purpose of which does not relate to Taxes,
(iv)&nbsp;has been either a &#147;distributing corporation&#148; or a &#147;controlled corporation&#148; in a distribution in which the parties to such distribution treated the distribution as one to which Section&nbsp;355 of the Code is applicable,
(v)&nbsp;has been a &#147;United States real property holding corporation&#148; within the meaning of Section&nbsp;897(c)(2) of the Code during the applicable period specified in Section&nbsp;897(c)(1)(A)(ii) of the Code, (vi)&nbsp;has a permanent
establishment (within the meaning of an applicable Tax treaty), an office or a fixed place of business or is otherwise resident for Tax purposes in a jurisdiction other than the jurisdiction in which it is organized, or (vii)&nbsp;has participated
in any &#147;reportable transaction&#148; within the meaning of Section&nbsp;6707A(c)(1) of the Code or Treasury Regulations <FONT STYLE="white-space:nowrap">Section&nbsp;1.6011-4(b).</FONT> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f) None of the Transferred Entities will be required to include any item of income in, or exclude any item of deduction from, taxable income
for any taxable period (or portion thereof) ending after the Closing Date as a result of any (i)&nbsp;change in method of accounting for a <FONT STYLE="white-space:nowrap">Pre-Closing</FONT> Tax Period, (ii)&nbsp;use of an improper method of
accounting for a <FONT STYLE="white-space:nowrap">Pre-Closing</FONT> Tax Period, (iii) &#147;closing agreement&#148; as described in Section&nbsp;7121 of the Code (or any corresponding or similar provision of state, local or foreign Tax Law)
executed on or prior to the Closing Date, (iv)&nbsp;intercompany transactions or any excess loss account described in Treasury Regulations under Section&nbsp;1502 of the Code (or any corresponding or similar provision of state, local or foreign Tax
Law), (v) installment sale or open transaction disposition made on or prior to the Closing Date, (vi)&nbsp;prepaid amount received or deferred revenue accrued on or prior to the Closing Date, or (vii)&nbsp;election under Section&nbsp;108(i) of the
Code (or any similar provision of state, local or foreign Law) or as a result of Section&nbsp;965 of the Code. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This
<U>Section</U><U></U><U>&nbsp;5.17</U> and <U>Section</U><U></U><U>&nbsp;5.19</U> contain the only representations and warranties by Seller with respect to Taxes. In addition, nothing in this <U>Section</U><U></U><U>&nbsp;5.17</U> or otherwise in
this Agreement shall be construed as a representation or warranty with respect to (x)&nbsp;the amount or availability in a taxable period (or portion thereof) beginning after the Closing Date of any Tax Attribute generated or arising in or in
respect of a taxable period (or portion thereof) ending on or before the Closing Date, or (y)&nbsp;except with respect to the representations and warranties set forth in <U>Section</U><U></U><U>&nbsp;5.17(f)</U>, any Tax positions that Buyer or any
of its Affiliates (including the Transferred Entities) may take in or in respect of a Post-Closing Tax Period (or portion thereof). </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.18 <U>Labor Matters</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) With respect to the Employees, the Transferring Corporations are in compliance with all applicable Laws respecting employment and
employment practices, terms and conditions of employment and wages and hours, except, in any such case, for such <FONT STYLE="white-space:nowrap">non-compliance</FONT> or violation as would not have a Material Adverse Effect. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;(i) With respect to the Employees, except for Contracts listed in <U>Schedule 5.18(b)(i)</U> (the &#147;<U>Union Contracts</U>&#148;),
none of the Transferring Corporations is a party to or is bound by any material union contract or collective bargaining agreement, nor, to the Knowledge of Seller as of the date hereof, is any such Contract currently in effect or being negotiated by
or on behalf of any Transferring Corporation and (ii)&nbsp;except as set forth on <U>Schedule 5.18(b)(ii)</U>, no employee consultation body exists representing Employees. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) There are no (i)&nbsp;strikes, work stoppages, slowdowns, lockouts or arbitrations or (ii)&nbsp;material grievances or other material labor
disputes pending or, to the Knowledge of Seller, threatened by or on behalf of any Employee or group of Employees. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) There has been no
&#147;mass layoff&#148; or &#147;plant closing&#148; (as defined by WARN or similar state Law) with respect to the Transferring Corporations within the six (6)&nbsp;months prior to the date hereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.19 <U>Employee Benefits</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) The Transferring Corporations will have made, on or before the Closing Date, all material payments (including material premium payments
with respect to insurance policies) required by applicable Law or by the terms of any Seller Benefit Plan to be made by them on or before the Closing Date to each Seller Benefit Plan with respect to which Buyer or any other Buyer Corporation could
have any material Liability hereunder and will have accrued (in accordance with GAAP and subject to the Closing Account Principles) as of the Closing Date all such payments (including material premium payments with respect to insurance policies) due
but not yet payable as of the Closing Date. No Transferring Corporation has incurred any unsatisfied Liability to the Pension Benefit Guaranty Corporation or any Seller Benefit Plan under Title&nbsp;IV of ERISA or Section&nbsp;412 of the Code or
Section&nbsp;302 of ERISA that could result in the imposition of any material Liability on Buyer or any other Buyer Corporation. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Each
Seller Benefit Plan with respect to which Buyer or a Buyer Corporation could have any material Liability hereunder is and has been operated in all material respects in accordance with its terms and with all applicable Laws, including ERISA and the
Code. With respect to each such Seller Benefit Plan that is intended to be qualified under Section&nbsp;401(a) of the Code, the IRS has issued a favorable determination letter that has not been revoked. To the Knowledge of Seller, no reason exists
that would reasonably be expected to cause such qualified status to be revoked for any period. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) There are no pending Proceedings that
have been instituted or, to the Knowledge of Seller, asserted against any of the Seller Benefit Plans, the assets of any of the trusts under such plans, the plan sponsors, the plan administrator or any fiduciary of any such plan (other than routine
benefit claims) that could result in the imposition of any material </P>
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Liability on Buyer or a Buyer Corporation. There are no investigations or audits by any Governmental Authority of any such Seller Benefit Plans, any trusts under such plans, the plan sponsor, the
plan administrator or any fiduciary of any such plan that have been instituted or, to the Knowledge of Seller, threatened. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) <U>Schedule
5.19(d)</U> sets forth any material Seller Benefit Plan that is sponsored, maintained, contributed to or required to be contributed to by any Transferred Entity, other than (i)&nbsp;any Retained U.S. Seller Benefit Plan, and (ii)&nbsp;any such
Seller Benefit Plan for which the Selling Corporations shall be solely liable and with respect to which Buyer and the Buyer Corporations could not incur any Liabilities. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.20 <U>Unlawful Payments</U>. Since September&nbsp;30, 2015, no Seller Affiliate nor, to the Knowledge of Seller, any director,
officer, employee, stockholder, agent or Representative of any such Person, has directly or indirectly made any contribution, gift, bribe, rebate, payoff, influence payment, kickback or other payment to any Person in respect of the Business, private
or public, regardless of what form, in violation in any material respects of the United States Foreign Corrupt Practices Act or the U.K. Bribery Act 2010. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.21 <U>Brokers</U>. Other than Citigroup Global Markets Inc., no broker, finder or investment banker is entitled to any
brokerage, finder&#146;s or other fee or commission in connection with the Acquisition based upon arrangements made by or on behalf of Seller. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.22 <U>Customers and Suppliers</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) <U>Schedule 5.22</U> sets forth a list of the ten (10)&nbsp;most significant customers of the Business, based on dollar sales volumes of
the Business during the twelve (12)&nbsp;month period ended June&nbsp;30, 2018 (the &#147;<U>Key Customers</U>&#148;) and the ten (10)&nbsp;most significant suppliers or vendors of the Business, based on dollar value of amounts invoiced during the
twelve (12)&nbsp;month period ended June&nbsp;30, 2018 (the &#147;<U>Key Suppliers</U>&#148;). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Except as set forth in <U>Schedule
5.22</U>, as of the date of this Agreement and to Seller&#146;s Knowledge, (i)&nbsp;all Key Customers continue to be customers of the Business and (ii)&nbsp;no Seller Affiliate has received written notice from any Key Customer that it intends or is
threatening to (A)&nbsp;cancel or terminate a material portion of its business relationship with the Business, or (B)&nbsp;materially and adversely modify its business relationship with the Business. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) Except as set forth in <U>Schedule 5.22</U>, as of the date of this Agreement and to Seller&#146;s Knowledge, no Seller Affiliate has
received written notice from any Key Supplier that it intends or is threatening to (i)&nbsp;cancel or terminate a material portion of its business relationship with the Business, or (ii)&nbsp;materially and adversely modify its business relationship
with the Business. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.23 <U>Bank Accounts</U>. <U>Schedule 5.23</U> contains a complete and correct list of the names and
locations of all banks or other financial institutions in which the Transferred Entities have accounts or safe deposit boxes, the identity of all such accounts or safe deposit boxes by account number at such financial institutions, and the names of
all Persons authorized to draw thereon or to have access thereto and all authorized signatories on such accounts or safe deposit boxes. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.24 <U>Disclaimer of Other Representations and Warranties</U>. EXCEPT AS
EXPRESSLY SET FORTH IN <U>ARTICLE V</U>, OR ANY ANCILLARY AGREEMENT, (A)&nbsp;NO SELLER AFFILIATE MAKES ANY REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, AT LAW OR IN EQUITY, WITH RESPECT TO THIS AGREEMENT, THE ANCILLARY AGREEMENTS, THE
TRANSFERRED ASSETS, THE TRANSFERRED EQUITY INTERESTS, THE TRANSFERRED ENTITIES, THE ASSUMED LIABILITIES, THE BUSINESS, THE ACQUISITION (INCLUDING ANY CONSENTS OR APPROVALS REQUIRED IN CONNECTION THEREWITH) OR ANY INFORMATION PROVIDED OR MADE
AVAILABLE TO BUYER IN CONNECTION WITH THE ACQUISITION AND THE TRANSACTIONS CONTEMPLATED HEREBY (INCLUDING ANY FORECASTS, PROJECTIONS, ESTIMATES OR BUDGETS), INCLUDING ANY WARRANTY WITH RESPECT TO MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR
PURPOSE, AND ALL OTHER REPRESENTATIONS OR WARRANTIES ARE HEREBY EXPRESSLY DISCLAIMED; AND (B)&nbsp;ALL OF THE ASSETS AND LIABILITIES TO BE SOLD, CONVEYED, ASSIGNED, TRANSFERRED OR ASSUMED, AS APPLICABLE, IN ACCORDANCE WITH THIS AGREEMENT, SHALL BE
SOLD, CONVEYED, ASSIGNED, TRANSFERRED OR ASSUMED ON AN &#147;AS IS, WHERE IS&#148; BASIS. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE VI </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>REPRESENTATIONS AND WARRANTIES OF BUYER </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Buyer represents and warrants to Seller the following: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;6.1 <U>Organization</U>. Buyer is a corporation duly organized, validly existing and in good standing under the Laws of England
and Wales, and has full power and authority to own its properties and carry on its business in the places where such properties are now owned or such businesses are now being conducted, except where the absence of such power and authority would not
reasonably be expected to be materially adverse to Buyer, taken as a whole. Each Buyer Corporation is duly organized, validly existing and in good standing (to the extent such concept is known in the relevant jurisdiction) under the Laws of the
jurisdiction of its organization) and each Buyer Corporation has full power and authority to own its properties and carry on its business in the places where such properties are now owned or such businesses are now being conducted, except where the
absence of such power and authority would not reasonably be expected to be materially adverse to such Buyer Corporation, taken as a whole. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;6.2 <U>Authority; Binding Effect</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Buyer has full power and authority to enter into this Agreement. Buyer and each of the Buyer Corporations has full power and authority to
enter into the Ancillary Agreements to which it is a party and to perform its respective obligations hereunder and thereunder (as the case may be). This Agreement and the Ancillary Agreements to which Buyer and any of the Buyer Corporations is a
party have been duly authorized and approved by all necessary corporate or other action. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Assuming the due authorization, execution and
delivery of this Agreement by Seller, this Agreement constitutes a legal, valid and legally binding obligation of Buyer, enforceable against Buyer in accordance with its terms, except as enforcement may be limited by
</P>
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bankruptcy, insolvency, reorganization, moratorium or similar Laws affecting creditors&#146; rights generally and by general equity principles. Assuming the due authorization, execution and
delivery of the Ancillary Agreements by each Seller Affiliate party thereto (as the case may be), each Ancillary Agreement to be executed by Buyer or a Buyer Corporation, when delivered hereunder, will be duly and validly executed and delivered and
will constitute a legal, valid and binding obligation of Buyer or the relevant Buyer Corporation, enforceable in accordance with its terms, except as enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or similar Laws
affecting creditors&#146; rights generally and by general equity principles. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;6.3
<U><FONT STYLE="white-space:nowrap">Non-Contravention</FONT></U>. The execution, delivery and performance by Buyer of this Agreement and the Ancillary Agreements to which it is a party and the execution, delivery and performance by each Buyer
Corporation of the Ancillary Agreements to which it is a party, and the consummation of the Acquisition, do not and will not (i)&nbsp;violate any provision of the organizational documents of Buyer or the relevant Buyer Corporation, or
(ii)&nbsp;assuming compliance with the matters set forth in <U>Sections 5.4</U> and <U>6.5</U>, violate or result in a breach of or constitute a default under any Law or Order to which Buyer or any Buyer Corporation is subject. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;6.4 <U>Securities Act</U>. The Transferred Company Equity Interests are being acquired for investment only and not with a view to
any public distribution thereof, and neither Buyer nor any Affiliate of Buyer shall offer to sell or otherwise dispose of the Transferred Company Equity Interests so acquired by it in violation of any of the registration requirements of the United
States Securities Act of 1933, as amended. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;6.5 <U>Buyer Governmental Consents and Approvals</U>. The execution and delivery
of this Agreement by Buyer and the execution and delivery of the Ancillary Agreements by each of Buyer and the relevant Buyer Corporations, and the performance of their respective obligations hereunder and thereunder do not and will not require any
filing with, or clearance, consent or approval of, any Governmental Authority, except filings, clearances, consents or approvals pursuant to the HSR Act, the EU Merger Regulation, other Competition Laws or the failure of which to effect or obtain
would not have a Buyer Material Adverse Effect. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;6.6 <U>No Litigation</U>. As of the date of hereof, no Proceeding is pending
against, or to the Knowledge of Buyer, threatened in writing against Buyer or any Buyer Corporation, which would restrain, prohibit, invalidate, set aside, rescind, prevent or make unlawful this Agreement or the carrying out of this Agreement and
the Acquisition. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;6.7 <U>Brokers</U>. Except with respect to Valence Group, no broker, finder or investment banker is
entitled to any brokerage, finder&#146;s or other fee or commission in connection with the Acquisition based upon arrangements made by or on behalf of Buyer. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;6.8 <U>Affiliate Guarantee</U>. Concurrently with the execution of this Agreement, Buyer has delivered to Seller a guarantee,
dated the date hereof and in the form attached hereto as Exhibit I, of the Affiliate Guarantor guaranteeing Buyer&#146;s obligations hereunder (the &#147;<U>Affiliate Guarantee</U>&#148;) upon and subject to the terms and conditions of the Affiliate
Guarantee. The Affiliate Guarantee is in full force and effect and is a valid, legal, binding and enforceable obligation of the Affiliate Guarantor.&nbsp;No event has occurred which, with or without notice, lapse of time or both, would constitute a
default on the part of the Affiliate Guarantor under its </P>
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Affiliate Guarantee. Nothing in this <U>Section</U><U></U><U>&nbsp;6.8</U> shall be construed to limit in any way Seller&#146;s right to seek an injunction or injunctions to prevent breaches of
this Agreement and to enforce specifically the terms and provisions of this Agreement as contemplated by <U>Section</U><U></U><U>&nbsp;12.16</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;6.9 <U>Buyer</U><U>&#146;</U><U>s Investigation</U>. EXCEPT AS SET FORTH IN <U>ARTICLE</U><U></U><U>&nbsp;V</U>, BUYER
ACKNOWLEDGES, ON BEHALF OF ITSELF, THE BUYER CORPORATIONS AND THEIR AFFILIATES, THAT NO SELLER AFFILIATES, OR THEIR RESPECTIVE REPRESENTATIVES OR ANY OTHER PERSON, HAVE MADE ANY REPRESENTATION OR WARRANTY, EXPRESSED OR IMPLIED, AT LAW OR IN EQUITY,
WITH RESPECT TO THIS AGREEMENT, THE ANCILLARY AGREEMENTS, THE TRANSFERRED ASSETS, THE TRANSFERRED EQUITY INTERESTS, THE TRANSFERRED ENTITIES, THE ASSUMED LIABILITIES, THE BUSINESS, THE ACQUISITION (INCLUDING ANY CONSENTS OR APPROVALS REQUIRED IN
CONNECTION THEREWITH) OR ANY INFORMATION PROVIDED BY THEM OR MADE AVAILABLE TO BUYER IN CONNECTION WITH THE ACQUISITION AND THE TRANSACTIONS CONTEMPLATED HEREBY (INCLUDING ANY FORECASTS, PROJECTIONS, ESTIMATES OR BUDGETS), ANY SUCH REPRESENTATIONS
OR WARRANTIES ARE HEREBY DISCLAIMED. BUYER ACKNOWLEDGES, ON BEHALF OF ITSELF, THE BUYER CORPORATIONS AND THEIR AFFILIATES THAT, SHOULD THE CLOSING OCCUR, BUYER AND THE BUYER CORPORATIONS SHALL ACQUIRE THE TRANSFERRED ASSETS, THE TRANSFERRED EQUITY
INTERESTS, THE TRANSFERRED ENTITIES, AND THE ASSUMED LIABILITIES, WITHOUT ANY REPRESENTATION OR WARRANTY, EXPRESSED OR IMPLIED, AT LAW OR IN EQUITY, AS TO MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE, IN AN &#147;AS IS&#148; CONDITION AND
ON A &#147;WHERE IS&#148; BASIS, EXCEPT AS OTHERWISE EXPRESSLY REPRESENTED OR WARRANTED IN <U>ARTICLE V</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Buyer is relying on its own
investigation, examination and valuation of the Business, including the Transferred Assets, the Transferred Equity Interests, the Transferred Entities and the Assumed Liabilities, in effecting the transactions covered by this Agreement and the
Ancillary Agreements. Buyer has made all inspections and investigations deemed necessary or desirable by Buyer. Buyer is purchasing the Transferred Assets, the Transferred Entities and the Transferred Company Equity Interests and assuming the
Assumed Liabilities based on the results of its inspections and investigations, and not on any representation or warranty of Seller or any of its Affiliates not expressly set forth in <U>Article V</U>. Buyer represents that no Seller Affiliates, or
their respective Representatives or any other Person, have made any representation or warranty, express or implied, as to the accuracy or completeness of any information regarding any of the Transferred Assets, the Transferred Equity Interests, the
Transferred Entities and the Assumed Liabilities not expressly set forth in <U>Article V</U>, Seller Affiliates will not have, or be subject to any Liability to Buyer or any other Person resulting from the distribution to Buyer, or Buyer&#146;s use
of, any such information, including any offering memorandum or other publication provided to Buyer, or any other document or information provided to Buyer in connection with the sale of the Business. In light of these inspections and investigations
and the representations and warranties made to Buyer by Seller herein, Buyer is relinquishing any right to any Claim based on any representations and warranties other than those expressly set forth in <U>Article V</U>. As at the date hereof, based
on the matters, facts and circumstances within its Knowledge, Buyer has no present intention to make a Claim for indemnification under <U>Article X</U>. </P>
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<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>FURTHER AGREEMENTS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;7.1 <U>Access, Information and Documents</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) From and after the date hereof until the Closing, upon reasonable advance notice from Buyer of not less than five (5)&nbsp;Business Days,
Seller shall, and shall cause the other Seller Affiliates to, to the extent permitted by Law, permit Buyer and its authorized representatives to have reasonable access, during regular business hours, to the assets, Employees, facilities, Contracts,
books and records and other documents and data relating exclusively to the Business (other than the Excluded Assets); <U>provided</U>, <U>however</U>, that no such access (or related activities or investigations) shall unreasonably interfere with
Seller&#146;s or any Seller Affiliates&#146; normal operation of their respective businesses, including the Business; <U>provided</U>, <U>further</U>, that all information received by Buyer or its representatives and given by or on behalf of any
Seller Affiliate in connection with this Agreement and the Acquisition will be held by Buyer and its Affiliates and representatives as confidential information pursuant to the terms of the Confidentiality Agreement; and <U>provided</U>,
<U>further</U>, that Buyer agrees to comply fully with all rules, regulations and instructions issued by any Seller Affiliates regarding Buyer&#146;s or its representatives actions while upon, entering or leaving the property of any Seller
Affiliate, including the Business Real Property. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) The covenants in paragraph (a)&nbsp;will not require any Seller Affiliate (i)&nbsp;to
provide Buyer or its representatives with access to any document, communication or information (A)&nbsp;related to the Acquisition, the sale process with respect to the Business or the possible sale of the Business, (B)&nbsp;that Seller believes in
good faith may be subject to any contractual confidentiality obligation or is otherwise restricted from sharing pursuant to applicable Law, or (C)&nbsp;that may be covered by any attorney-client work product or similar privilege, or (ii)&nbsp;to
permit Buyer or its representatives to conduct any Phase II or other intrusive sampling, testing or investigation, including soil, water, air or other sampling or testing, at or relating to the Business Real Property, the Transferred Tangible
Personal Property or the tangible personal property of any Transferred Entity. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) From and after the date hereof and to the Closing,
without the prior written consent of Seller, which consent may be withheld by Seller in its sole and absolute discretion for any reason or no reason, neither Buyer nor any of its Affiliates shall contact any suppliers to, or Employees (except
pursuant to paragraph (a)) or customers of, the Business in connection with or pertaining to any subject matter of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;7.2 <U>Conduct of Business</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) From the date hereof until the Closing, except as otherwise contemplated or permitted by this Agreement (including on <U>Schedule
7.2(a)</U>), as required by Law, Order or any Governmental Authorization, or as Buyer shall otherwise consent in writing, which consent shall not be unreasonably withheld, conditioned or delayed, Seller agrees to use commercially reasonable efforts
to run the Business in the ordinary course consistent with past practice and to maintain all material structures, equipment and other tangible personal property of the Business in their present repair, order and condition, except for depletion and
ordinary wear and tear. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) From the date hereof until the Closing and except as set forth on <U>Schedule
7.2(b)</U>, Seller shall not, to the extent that any of the following actions are related exclusively to or materially affect the Business, and shall not permit the Seller Affiliates to, without the prior written consent of Buyer (which consent
shall not be unreasonably withheld, conditioned or delayed): </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i) amend the charter, bylaws or similar organizational documents of any
Transferred Entity; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii) issue, deliver or sell additional shares of capital stock (other than shares to be transferred to Buyer or a
Buyer Corporation at the Closing), or issue, deliver or sell or propose or agree to issue any securities convertible into or exchangeable or exercisable for, or options with respect to, or warrants to purchase, or rights to subscribe for, shares of
capital stock of any Transferred Entity; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iii) enter into, adopt, amend in any material respect or terminate any material Seller Benefit
Plan or materially increase the compensation or benefits of any Employee, except, in each case, (A)&nbsp;as required by any applicable Law or pursuant to the terms of any Seller Benefit Plan or Union Contract as in effect on the date of this
Agreement, (B)&nbsp;as contemplated in <U>Article VIII</U>, (C)&nbsp;as would relate to a substantial number of similarly situated employees of Seller or its Affiliates generally or (D)&nbsp;as will not result in any Liability under this Agreement
or otherwise to Buyer or its Affiliates; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iv) create or allow the Business to create, incur, assume or guarantee any Indebtedness in an
amount greater than U.S.$5,000,000; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(v) pledge, sell, lease, transfer, license, assign or otherwise make subject to a Encumbrance (other
than any Permitted Encumbrance) any material Transferred Asset or material asset of a Transferred Entity, other than as contemplated in <U>Section</U><U></U><U>&nbsp;2.1(h)</U> or the sale of Inventory or obsolete,
<FONT STYLE="white-space:nowrap">worn-out</FONT> or excess equipment or assets in the ordinary course of business; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(vi) as it relates to
the Business, acquire any business or Person, whether by merger or consolidation, purchase of substantial assets or equity interests, or by any other manner, in a single transaction or a series of related transactions; <U>provided</U> that nothing
in this <U>Section</U><U></U><U>&nbsp;7.2(b)(vi)</U> shall prevent a Seller Affiliate from hiring or engaging any individual in the ordinary course of business; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(vii)&nbsp;(A) hire or offer to hire any new Employee earning a salary of more than $150,000, except as may be necessary to fill vacant
positions, (B)&nbsp;terminate the employment of any Employee other than for cause, or (C)&nbsp;institute any general layoffs of Employees, reduction in force or implement any early retirement or severance plan or announce the planning of any such
actions; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(viii) other than in the ordinary course of business or consistent with past practice, extend, materially amend or terminate any
Transferred Contract that is a Material Contract or a Contract for Leased Real Property; </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ix) other than in the ordinary course of business or consistent with past practice,
release or compromise any material claim or right of the Business or settle or agree to settle any Proceeding, investigation or audit by or before a Governmental Authority, pending or threatened against the Business; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(x) make any material change in any of its present financial accounting methods and practices other than changes in the ordinary course of
business and other than as may be appropriate to conform to GAAP or as may be required by applicable Law; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(xi) other than in the ordinary
course of business consistent with past practice, make, change or revoke any Tax election, change an annual accounting period, adopt or change any accounting method with respect to Taxes, file any amended Tax Return, enter into any closing agreement
or any other agreement with any Taxing Authority, settle or compromise any Tax Contest, surrender any right to claim a refund of Taxes, consent to any extension or waiver of the statute of limitations in respect of Taxes, in each case, to the extent
that any such action is related to or may affect the Business, the Transferred Entities, the Transferred Assets or the Assumed Liabilities; <U>provided</U>, <U>however</U> that Seller, and one or more of Seller&#146;s Affiliates, shall take all
steps necessary to terminate any relevant tax group (Organschaft) involving ISP Marl GmbH and Ashland Technologies GmbH. The details and the procedure of the termination and <FONT STYLE="white-space:nowrap">winding-up</FONT> of such tax groups shall
be governed by (a)&nbsp;separate agreement(s) (the &#147;<U>German PLTA Termination Agreement(s)</U>&#148;) to be entered into by the parties (or their applicable Affiliates) in due course prior to the Closing Date, taking into account all
reasonable tax, accounting and legal aspects being relevant for the parties. However, subject to any additional and/or different agreement under such German PLTA Termination Agreement(s), as of the date hereunder, the parties agree that the Seller
will procure that the respective profits and loss transfer agreements will be mutually terminated (<I>einvernehmlich aufgehoben</I>) by the respective parties and, therefore, in principal agree that (A)&nbsp;the fiscal year of each of ISP Marl GmbH
and Ashland Technologies GmbH shall be amended to end at 24 CET hours on the German Closing Date, (B)&nbsp;a required approval of the relevant Taxing Authority in respect of the amendment of the fiscal year shall be obtained and the amendment of the
respective articles of association and the registration with the respective commercial registers of the amended fiscal year shall occur on or prior to the German Closing Date at 24 CET hours, (C)&nbsp;the existing profit and loss transfer agreements
of ISP Marl Holdings GmbH with ISP Marl GmbH and Ashland Technologies GmbH, respectively, shall be mutually terminated (<I>einvernehmlich aufgehoben</I>) as at the German Closing Date at 24 hours&nbsp;CET and (D)&nbsp;the final proper execution of
the respective profit and loss transfer agreements shall be carried out in cash and actual funds after the German Closing Date (to this end, ISP Marl GmbH and Ashland Technologies GmbH, respectively, shall pay to ISP Marl Holdings GmbH any amounts
to be identified as finally payable under the terminated profit and loss transfer agreements and ISP Marl Holdings GmbH shall pay to ISP Marl GmbH and Ashland Technologies GmbH, respectively, any amounts to be identified as finally payable under the
terminated profit and loss transfer agreements, in each case as the case may be). For the avoidance of doubt, the termination of the relevant profit and loss transfer agreements and, as the case may be, the transfer of the Transferred German Company
Equity Interests, shall be performed in line with the principles of a midnight transaction (<I>Mitternachtsgesch&auml;ft</I>) according to R14.4(2) Corporate Income Tax Guidelines; </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(xii) other than in the ordinary course of business, amend (A)&nbsp;the India Tolling
Agreement, (B)&nbsp;the Brazil Tolling Agreement, (C)&nbsp;the Turkey Tolling Agreement or (D)&nbsp;the China Tolling Agreement; or </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(xiii) agree, whether in writing or otherwise, to do any of the foregoing. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) Notwithstanding the foregoing, nothing in this <U>Section</U><U></U><U>&nbsp;7.2</U> will prevent Seller or any of its Affiliates from
taking actions, including (i)&nbsp;contributions, transfers, distributions, redemptions, assignments and acceptances of assets and Liabilities, (ii)&nbsp;the repayment of Indebtedness and the extinguishment of Encumbrances, (iii)&nbsp;formation,
dissolution or divisive transactions (including a <FONT STYLE="white-space:nowrap">spin-off</FONT> or <FONT STYLE="white-space:nowrap">split-off)</FONT> of subsidiaries, including Transferred Entities and (iv)&nbsp;the cancellation of any
intercompany Contracts that will not constitute Transferred Contracts, in each case as Seller determines is reasonably necessary or appropriate to facilitate the consummation of the transactions contemplated by this Agreement and the Ancillary
Agreements. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) From the date of this Agreement and until the earlier of the Closing or the date that this Agreement is terminated in
accordance with its terms, with respect to any purchase of any of the Transferred Equity Interests or any assets of the Transferred Entities or the Business (other than with respect to a Permitted Transaction) (each such transaction, a
&#147;<U>Competing Transaction</U>&#148;), Seller shall not, and shall cause the Transferred Entities and the respective Affiliates or Representatives of Seller and the Transferred Entities not to, directly or indirectly (i)&nbsp;provide any
nonpublic information to any Person (including via access to any data room or other records) other than Buyer and its Affiliates and Representatives with respect to any Competing Transaction, (ii)&nbsp;solicit, initiate or encourage proposals,
offers or inquiries from any Person other than Buyer and its Affiliates and Representatives with respect to any Competing Transaction, (iii)&nbsp;participate in any negotiations or discussions with any Person other than Buyer and its Affiliates and
Representatives with respect to any Competing Transaction, or (iv)&nbsp;enter into a letter of intent or other agreement with any Person other than Buyer with respect to a Competing Transaction; provided, that, for the avoidance of doubt, no such
Competing Transaction shall relieve Seller (or its successors or assigns) or its Affiliates of their obligations under this Agreement. Upon the execution of this Agreement, Seller shall, and shall cause the Transferred Entities and the respective
Affiliates and Representatives of Seller and the Transferred Entities to, immediately cease any existing discussions and negotiations with any Person with respect to a Competing Transaction other than the Buyer and its Affiliates and Representatives
(including by ceasing any access provided to any such Person, or any Affiliates or Representatives of such Person, to any data room or other records). For purposes of this <U>Section</U><U></U><U>&nbsp;7.2(d)</U>, (x) &#147;<U>Change of
Control</U>&#148; shall mean (A)&nbsp;any Person or group of Persons within the meaning of Section&nbsp;13(d)(3) of the Securities Exchange Act of 1934, as amended, becoming the beneficial owner, directly or indirectly, of 50% or more of the
outstanding common shares of Seller, or (B)&nbsp;individuals who constitute the current directors of Seller ceasing for any reason to constitute at least a majority of the board of directors of Seller and (y) &#147;<U>Permitted Transaction</U>&#148;
shall mean (1)&nbsp;any transaction having as its object the Change of Control of Seller or (2)&nbsp;in the ordinary course of business, sales of Inventory, Accounts Receivable and other working capital type items. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;7.3 <U>Efforts of the Parties</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Subject to the terms and conditions set forth in this Agreement, each of Seller and Buyer shall use its reasonable best efforts to take, or
cause to be taken, all actions and to do, or cause to be done, all things necessary under applicable Laws to consummate and make effective the Acquisition, including (i)&nbsp;to comply promptly with all legal requirements which may be imposed on it
with respect to this Agreement and the Acquisition (which actions shall include furnishing all information required by applicable Law in connection with approvals of, clearances or consents from or filings with any Governmental Authority),
(ii)&nbsp;to obtain any consent, authorization (including any Governmental Authorization and related bond, letter of credit or other financial assurance), Order or approval of, or any exemption by, any Governmental Authority or other public or
private third party required to be obtained by Buyer or any Seller Affiliate in connection with the acquisition of the Transferred Assets or the Transferred Company Equity Interests or the taking of any related action contemplated by this Agreement,
and (iii)&nbsp;to effect all necessary registrations and filings with Governmental Authorities. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Without limiting
<U>Section</U><U></U><U>&nbsp;2.1(g)</U>, Buyer and Seller shall use their reasonable best efforts to transfer or obtain, prior to the Closing or as soon as practicable thereafter, any Governmental Authorization required under Environmental Law for
Buyer to own or operate the Business or the Transferred Assets (&#147;<U>Environmental Permits</U>&#148;). If any such Environmental Permits are not transferred to or obtained by Buyer prior to the Closing, the Buyer Corporations and the Seller
Affiliates shall use commercially reasonable efforts to cooperate in any lawful and reasonable arrangement under which Buyer or a Buyer Corporation obtains the benefit of the Environmental Permits held by a Seller Affiliate; <U>provided</U> that no
Seller Affiliate shall be required to pay any consideration therefor, or to commence, defend or participate in any litigation or offer or grant any accommodation (financial or otherwise) to any third party; and <U>provided</U> <U>further</U> that
Buyer shall fully indemnify and hold harmless Seller Indemnitees from and against any and all Losses arising out of or relating to any such arrangement. Seller&#146;s obligations regarding Environmental Permits shall cease one hundred eighty
(180)&nbsp;days after the Closing, at which point Seller will be deemed to have fulfilled all related requirements under this Agreement and under no circumstances shall the Consideration be reduced or Seller or its Affiliates be subject to any
Liability on account of the failure to obtain any Environmental Permit. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;7.4 <U>Certain Governmental Matters</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Without in any way limiting the other provisions of this Agreement, Buyer and Seller agree to make or cause to be made, in consultation and
cooperation with the other and as promptly as practicable and advisable after the date hereof, but in any event (x)&nbsp;with respect to filings pursuant to the HSR Act, within ten (10)&nbsp;Business Days of the date hereof and (y)&nbsp;with respect
to any competition filings pursuant to any other <FONT STYLE="white-space:nowrap">non-U.S.</FONT> jurisdiction, as promptly as practicable following the date hereof, (i)&nbsp;an appropriate filing of a Notification and Report Form pursuant to the
HSR Act, (ii)&nbsp;all appropriate filings required pursuant to the EC Merger Regulation, and (iii)&nbsp;all other necessary registrations, declarations, notices and filings relating to the Acquisition with any Governmental Authority with regulatory
jurisdiction over enforcement of any applicable Competition Laws (&#147;<U>Governmental Competition Authority</U>&#148;) with respect to </P>
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the Acquisition and to respond to any inquiries received and supply as promptly as practicable any additional information and documentary material that may be requested pursuant to the HSR Act
and any other Competition Law. From and after the date hereof and until all governmental approvals required in connection with the Acquisition have been obtained, Seller and Buyer shall not, and shall cause each of the Seller and Buyer Corporations
and their respective Affiliates not to, operate their businesses in such manner or take any action, that could reasonably be expected to significantly increase the risk of not obtaining any such governmental approval or clearance or the expiration
or termination of any applicable waiting period. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Each of Seller and Buyer shall (i)&nbsp;keep each other apprised of the status of any
communications with, and any inquiries or requests for additional information from, any Governmental Competition Authority, and shall comply with any such inquiry or request as promptly as practicable, (ii)&nbsp;cooperate and consult with each other
in connection with the making of all filings, notifications and any other material actions pursuant to this <U>Section</U><U></U><U>&nbsp;7.4</U>, including, subject to applicable Laws relating to the exchange of information, by permitting counsel
for the other party to review in advance, and consider in good faith the views of the other party in connection with, any proposed written communication to any Governmental Competition Authority, (iii)&nbsp;provide counsel for the other party with
copies of all filings and submissions made by such party and all correspondence and other written communications between such party (and its advisors) and any Governmental Competition Authority and any other information supplied by such party or its
Affiliates to a Governmental Competition Authority or received from such a Governmental Competition Authority in connection with the Acquisition; <U>provided</U>, <U>however</U>, that materials may be redacted before being provided to the other
party as necessary to (x)&nbsp;comply with contractual arrangements, or (y)&nbsp;address reasonable privilege or confidentiality concerns and (iv)&nbsp;furnish to the other party such information and assistance as such party reasonably may request
in connection with the preparation of any submissions to, or agency Proceedings by, any Governmental Competition Authority. Upon and subject to the terms of this <U>Section</U><U></U><U>&nbsp;7.4</U>, each party agrees to cooperate and use its
reasonable best efforts to assist in any defense by any other party to the Acquisition before any Governmental Competition Authority reviewing the Acquisition, including by providing as promptly as practicable such information as may be requested by
such Governmental Competition Authority or such assistance as may be reasonably requested by the other party to this Agreement in such defense. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) If any objections are asserted by any Governmental Competition Authority with respect to the Acquisition under any applicable Competition
Law or which would otherwise prevent, materially impede or materially delay the consummation of the Acquisition, or if any Proceeding is instituted by any Governmental Competition Authority or any private party challenging the Acquisition as
violative of applicable Competition Law, or an Order is issued enjoining the Acquisition, each of Seller and Buyer shall use its reasonable best efforts to resolve any such objections or Proceedings so as to permit consummation of the Acquisition by
the Closing as soon as practicable. In the event that any Proceeding is instituted (or threatened to be instituted) by a Governmental Competition Authority or private party challenging the Acquisition, each of Seller and Buyer shall cooperate in all
respects with each other and use its respective reasonable best efforts to contest and resist any such Proceeding, including defending through litigation on the merits any claim asserted in any court by any Person, and to have vacated, lifted,
reversed or overturned any Order, whether temporary, preliminary or permanent, that is in effect and that prohibits, prevents or restricts consummation of the Acquisition. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) Each of Seller and Buyer shall use their reasonable best efforts to cause the expiration
or termination of the applicable waiting periods under the applicable Competition Law as soon as practicable. Seller and Buyer shall not extend, directly or indirectly, any such waiting period or enter into any agreement with a Governmental
Competition Authority to delay or not to consummate the Acquisition on the Closing Date, except with the prior written consent of the other party to this Agreement, which consent shall not be unreasonably withheld or delayed. Seller and Buyer shall
not have any substantive contact with any Governmental Competition Authority in respect of any filing or Proceeding contemplated by this <U>Section</U><U></U><U>&nbsp;7.4</U> unless it consults with the other party in advance and, to the extent
permitted by such Governmental Competition Authority, gives the other party the opportunity to participate. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) Without limiting the
foregoing or any other provision of this Agreement, Buyer shall use reasonable best efforts to take any action necessary to avoid and eliminate each and every impediment under any applicable Competition Law, so as to enable the consummation of the
Acquisition as soon as practicable, by, (i)&nbsp;proposing, negotiating, committing to and effecting, by consent decree, hold separate order, mitigation agreement or otherwise, the sale, divestiture or disposition of any required portion, product
lines or assets of the Transferred Assets, the Transferred Company Equity Interests or the assets and properties of the Transferred Entities) and (ii)&nbsp;otherwise using reasonable best efforts to take or commit to take actions that after
consummation of the Acquisition would limit INEOS Enterprises Group or Transferred Entities&#146; freedom of action with respect to any of the businesses, product lines or assets of INEOS Enterprises Group or the Transferred Entities (including the
Transferred Assets, the Transferred Company Equity Interests or the assets and properties of the Transferred Entities). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;7.5
<U>Access Post-Closing</U>. Following the Closing, Buyer will permit Seller and its duly authorized Representatives access during normal business hours (upon 24 hours&#146; written notice to Buyer) to all Contracts, books, records and other data
relating to the Transferred Assets, Transferred Equity Interests, Transferred Entities and Assumed Liabilities conveyed and assumed at the Closing to the extent that such materials were delivered to Buyer. Seller agrees that after the Closing, Buyer
or its authorized representatives may, at Buyer&#146;s cost and expense, make copies of those books and records (or redacted portions thereof) of any Seller Affiliate (other than Excluded Assets) that have not been transferred to Buyer and relate to
the Business. Each of Buyer and Seller will keep any information obtained under this <U>Section</U><U></U><U>&nbsp;7.5</U> confidential other than with the consent of the other party (such consent not to be unreasonably withheld, conditioned or
delayed). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;7.6 <U><FONT STYLE="white-space:nowrap">Non-competition;</FONT>
<FONT STYLE="white-space:nowrap">Non-solicitation</FONT></U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Seller understands that Buyer shall be entitled to protect and preserve
the going concern value of the Business to the extent permitted by Law and that Buyer would not have entered into this Agreement absent the provisions of this <U>Section</U><U></U><U>&nbsp;7.6</U>. Therefore, subject to the provisions of this
<U>Section</U><U></U><U>&nbsp;7.6(a)</U>, Seller agrees that for a period of three (3)&nbsp;years from the Closing Date, neither Seller nor any controlled Affiliate of Seller shall engage in any business, the primary activity of which is to compete
with the Business (each, a &#147;<U>Competitive Activity</U>&#148;); <U>provided</U>, <U>however</U>, that it shall not be deemed to be a violation of this subsection for Seller or any of its Affiliates: </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i) to invest in any Person which invests in, manages or operates a Competitive Activity,
so long as Seller&#146;s or its Affiliate&#146;s investment is less than 25% of the outstanding ownership interest in such Person and Seller does not control such Person or Competitive Activity; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii) to acquire a Competitive Activity (or a third party engaging in such Competitive Activity) by merger or a purchase of shares or assets of
a third party so long as the annual Operating Income of such third party attributable to such Competitive Activity for the most recent fiscal year of such third party preceding the acquisition does not exceed 25% of the aggregate annual Operating
Income during such period for all of the businesses or operations acquired from such third party; <U>provided</U>, <U>however</U>, that in the event of any such acquisition where the aggregate annual Operating Income related to the Competitive
Activity exceeds 25% of such aggregate annual Operating Income, Seller shall be required to attempt to divest such excess portion of the Competitive Activity at such price and on such terms as Seller deems commercially reasonable. Seller shall not
be required to divest such Competitive Activity at a loss, or be required to discontinue operation of such Competitive Activity in order to comply with this <U>Section</U><U></U><U>&nbsp;7.6</U>; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iii) to own any securities through any employee benefit plan; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iv) to perform any Competitive Activity for the benefit of Buyer or any of its Affiliates, including the performance of any Competitive
Activity required or contemplated by this Agreement or any Ancillary Agreement; or </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(v) to engage in any business conducted by Seller or
its Affiliates at Closing other than the Business. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Notwithstanding anything to the contrary in this Agreement, it shall be understood
and agreed by the parties that Seller and its Affiliates may continue to engage in the manufacture, marketing, sale and internal consumption of 1,4 butanediol and related derivatives, including tetrahydrofuran, made at Seller&#146;s and its
Affiliates&#146; manufacturing facility in Lima, Ohio or which are used in the production of other products made at Seller&#146;s and its Affiliates&#146; other manufacturing facilities, including Texas City, Texas and Calvert City, Kentucky. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) Notwithstanding anything to the contrary, the foregoing covenant shall not apply with respect to any Person or its Affiliates that acquires
an interest in all or any portion of the stock or assets of Seller or any of its Affiliates and whether or not prior to such acquisition such Person or its Affiliates were already engaged in a Competitive Activity. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) From and after the Closing for a period of two years following the Closing, Seller agrees that neither it nor its Affiliates will, without
Buyer&#146;s prior written consent, directly or indirectly (including through Seller&#146;s or its Affiliates&#146; Representatives), solicit for employment (whether as an employee, consultant or temporary employee) any Transferred Employee, except
that this paragraph shall not preclude Seller or any other person from entering into discussions with or soliciting any person (i)&nbsp;who responds to any public advertisement or general solicitation, (ii)&nbsp;who initiates discussions with the
soliciting party regarding such employment on his or her own initiative and without any direct or indirect solicitation by the </P>
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soliciting party, its representatives or its Affiliates or (iii)&nbsp;has been terminated by Buyer or its Affiliates three (3)&nbsp;months prior to commencement of discussions with the soliciting
party. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) From and after the Closing for a period of two years following the Closing, Buyer agrees that neither it nor its Affiliates
will, without Seller&#146;s prior written consent, directly or indirectly (including through Buyer&#146;s or its Affiliates&#146; representatives), solicit for employment (whether as an officer, director, employee, consultant or temporary employee)
any officer, director or employee of Seller or any of Seller&#146;s Affiliates, except that this paragraph shall not preclude Buyer or any other person from entering into discussions with or soliciting any person (i)&nbsp;who responds to any public
advertisement or general solicitation, (ii)&nbsp;who initiates discussions with the soliciting party regarding such employment on his or her own initiative and without any direct or indirect solicitation by the soliciting party, its representatives
or its Affiliates or (iii)&nbsp;has been terminated by Seller or its Affiliates three (3)&nbsp;months prior to commencement of discussions with the soliciting party. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f) For purposes of this <U>Section</U><U></U><U>&nbsp;7.6</U>, the following terms shall have the meanings set forth below: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Operating Income</U>&#148; shall mean earnings before interest, income Taxes and extraordinary items, all calculated and determined
in accordance with GAAP. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;7.7 <U>Further Assurances</U>. From and after the Closing Date, and from time to time at the
request of the other party, Buyer shall, and shall cause the Buyer Corporations to, and Seller shall, and shall cause the other Seller Affiliates to, without further consideration, execute and deliver such instruments of transfer, conveyance,
assignment and assumption, in addition to the Ancillary Agreements, and take such other action as may reasonably be necessary to consummate the Acquisition or to give effect to the transactions contemplated by the Ancillary Agreements. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;7.8 <U>Adjustments and <FONT STYLE="white-space:nowrap">True-Ups</FONT></U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) To the extent that Seller or any of its Affiliates, on the one hand, and Buyer or any of its Affiliates (including any Transferred Entity
following the Closing), on the other, (i)&nbsp;receives any payment to which the other party is entitled, each of Buyer and Seller agrees to promptly remit the proceeds to the other party, as appropriate and (ii)&nbsp;makes a payment to a third
party on behalf of the other party, the other party agrees to promptly reimburse Seller or Buyer, as applicable. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) The parties
acknowledge and agree there is no right of offset regarding such payments and a party may not withhold funds received from third parties for the account of the other party in the event there is a dispute regarding any other issue under this
Agreement or any Ancillary Agreement. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) The provisions of this <U>Section</U><U></U><U>&nbsp;7.8</U> shall not apply with respect to
Taxes. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;7.9 <U>Replacement of Credit Support Obligations</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Buyer recognizes that Seller and certain of its Affiliates and third parties have provided credit support to the Business, the Transferred
Assets or the Transferred Entities pursuant to the Credit Support Obligations set forth on <U>Schedule 7.9(a)</U> and that Seller may supplement the Credit Support Obligations listed on <U>Schedule 7.9(a)</U> from time to time prior to Closing to
include any additional Credit Support Obligations entered into in the ordinary course of the Business and consistent with past practice. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) With respect to the Credit Support Obligations set forth on <U>Schedule 7.9(a)</U>, on or prior to the Closing Date, Buyer agrees to use
reasonable best efforts to provide a replacement for each Credit Support Obligation listed on <U>Schedule 7.9(a)</U> of Buyer or its Affiliates with terms that are at least as favorable to the counterparty as the terms of the applicable Credit
Support Obligation, in form and substance reasonably satisfactory to Seller and the respective counterparties, and Buyer and Seller shall cooperate to obtain any necessary release in form and substance reasonably satisfactory to Buyer and Seller
with respect to all such Credit Support Obligations; <U>provided</U> that the replacement Buyer is required to provide does not have to take the form of a letter of credit or bond unless the existing Credit Support Obligation is in such form. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) If Buyer is not successful, for any reason, in obtaining the complete and unconditional release of Seller and its Affiliates from any
Credit Support Obligation set forth on <U>Schedule 7.9(a)</U> by the Closing Date or noticed to Buyer after the Closing as provided in <U>Section</U><U></U><U>&nbsp;7.9(c)</U> (each such Credit Support Obligation, until such time as such Credit
Support Obligation is released in accordance with <U>Section</U><U></U><U>&nbsp;7.9(b)</U>, a &#147;<U>Continuing Credit Support Obligation</U>&#148;), then: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i) Seller shall (or shall cause its Affiliates to) continue to maintain such Continuing Credit Support Obligation for a period of one hundred
eighty (180)&nbsp;days from the Closing Date, after which time Seller shall have no obligation to maintain such Continuing Credit Support Obligation; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii) Buyer shall continue to use its reasonable best efforts to obtain promptly the complete and unconditional release of Seller and its
Affiliates from each Continuing Credit Support Obligation by providing to the counterparty to such Continuing Credit Support Obligation a substitute guarantee by an Affiliate of Buyer with terms that are at least as favorable to the counterparty as
the terms of such Continuing Guarantee until such release is obtained; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iii) Buyer shall indemnify Seller and its Affiliates for any
Losses based upon any Continuing Credit Support Obligation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;7.10 <U>No Use of Seller Retained Names</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) On and after the Closing Date, except as expressly provided in this <U>Section</U><U></U><U>&nbsp;7.10</U>, none of Buyer, any Buyer
Corporation or any of their respective Affiliates shall use the &#147;Ashland&#148; names, marks, domain names and logos or any name(s) or identifier(s) similar thereto (or any derivations therefrom in any language) (the &#147;<U>Retained
Names</U>&#148;) alone or together with other words, or logos, slogans, symbols or designs in any form, variation or manner in </P>
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connection with any business that Buyer, Buyer Corporations or their Affiliates (including the Transferred Entities following the Closing) may thereafter conduct. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Notwithstanding the definition of Excluded Assets set forth in <U>Annex <FONT STYLE="white-space:nowrap">A-2(g)</FONT></U>, within ninety
(90)&nbsp;days after the Closing, Buyer may continue to distribute product literature that uses any Retained Names and distribute products with labeling or packaging that uses any Retained Names to the extent that such product literature and
labeling or packaging exists on the Closing Date; <U>provided</U> that Buyer shall, and shall cause its Affiliates to, within such ninety (90)&nbsp;day period: (i)&nbsp;revise print advertising, product labeling and all other information or other
materials, including any internet or other electronic communication vehicles, change signage and stationery, (ii)&nbsp;display a notice, in a format reasonably acceptable to Seller, indicating the Business (A)&nbsp;was formerly owned by Seller, and
(B)&nbsp;is now owned by Buyer and (iii)&nbsp;discontinue use of the Retained Names. Buyer acknowledges and agrees that upon the termination of the ninety (90)&nbsp;day period, Buyer shall have no right to use the Retained Names for any purpose. In
no event shall Buyer or any of its Affiliates use any Retained Names after the Closing in any manner or for any purpose different from the use of such Retained Names by Seller prior to the Closing. Subject to the above, with respect to the
Inventory, Buyer may continue to sell such Inventory, notwithstanding that it or its labeling or packaging bears one or more of the Retained Names, for a reasonable time after the Closing (not to exceed one hundred twenty (120)&nbsp;days). All usage
of Retained Names set forth under <U>Section</U><U></U><U>&nbsp;7.10(b)</U> shall be only with respect to goods and services of a level of quality equal to or greater than the quality of goods and services with respect to which the Retained Names
were used in the Business prior to the Closing, and in no case in any manner that may damage or tarnish the reputation of Seller or the goodwill associated with the Retained Names or Seller&#146;s ownership of the Retained Names. After the periods
set forth above, Buyer, Buyer Corporations or their Affiliates (including the Transferred Entities following the Closing) shall immediately cease using the Retained Names. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) Except for the rights expressly provided under <U>Section</U><U></U><U>&nbsp;7.10(b)</U>, no other right to use the Retained Names or any
other Marketing Excluded Assets is granted hereunder by Seller whether by implication or otherwise, and nothing hereunder permits the Buyer or any of its Affiliates to use the Retained Names or any other Marketing Excluded Assets. Each of the Buyer
and its Affiliates further acknowledges that none of the Buyer or any of its Affiliates is acquiring any right to use the Retained Names or any other Marketing Excluded Assets, and Buyer and its Affiliates shall not contest the ownership or validity
of any of the Retained Names or any other Marketing Excluded Assets. The Buyer hereby acknowledges that all right, title and interest in and to the Retained Names any other Marketing Excluded Assets are owned exclusively by Seller or its Affiliates,
and except as expressly set forth above under <U>Section</U><U></U><U>&nbsp;7.10(b)</U>, any and all right of the Business to use the Retained Names any other Marketing Excluded Assets shall immediately revert to Seller, along with any and all
goodwill associated therewith, all goodwill generated by the use of the Retained Names under <U>Section</U><U></U><U>&nbsp;7.10(b)</U> shall inure solely to the benefit of Seller. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;7.11 <U>Lien Releases</U>. Prior to the Closing, Seller shall cause Seller Affiliates to amend or take such other action with
respect to the agreements listed on <U>Schedule 7.11</U> to permit all Transferred Assets and Transferred Company Equity Interests to be transferred to Buyer at Closing free and clear of all Encumbrances other than Permitted Encumbrances. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;7.12 <U>Data Privacy</U>. Promptly, but in no event later than thirty
(30)&nbsp;days after the date hereof, Seller and Buyer will enter into, and shall cause their respective Affiliates to enter into: (a)&nbsp;a Data Transfer Agreement, substantially in the form attached hereto as
<U>Exhibit</U><U></U><U>&nbsp;J</U><U><FONT STYLE="white-space:nowrap">-1</FONT></U>; and (b)&nbsp;a Data Processing Agreement, substantially in the form attached hereto as <U>Exhibit J</U><U><FONT STYLE="white-space:nowrap">-2</FONT></U>, in order
to comply with all applicable data protection Laws, including the Regulation (EU) 2016/679 of the European Parliament, to ensure adequate safeguards are in place with respect to the protection of privacy and fundamental rights and freedoms of
individuals and to allow for the transfer of the personal data as defined and specified in such agreements by a data exporter to a data importer and for the processing of personal data on behalf of Buyer and its Affiliates. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;7.13 <U>Tolling Agreements</U>. Prior to the Closing Date, Buyer and Seller shall negotiate manufacturing services agreements, to
be entered into at Closing, with respect to the plants listed on <U>Schedule 7.13</U> (and such other sites as Buyer and Seller may mutually agree) and in accordance with the pricing methodologies specified on <U>Schedule 7.13</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;7.14 <U>R&amp;W Insurance Policy</U>. Buyer shall use commercially reasonable efforts to cause the R&amp;W Insurance Policy to be
issued by Insurer to Buyer as of the Closing. Each of the parties agrees that the R&amp;W Insurance Policy shall provide that the Insurer shall only be entitled to exercise rights of subrogation against Seller if the Losses arose out of fraud.
Seller shall be an express third party beneficiary of such provision and shall be entitled to enforce such provision as if Seller were a party thereto. Such provision may not be amended without the written consent of Seller. From and after the
issuance of the R&amp;W Insurance Policy, Buyer shall (a)&nbsp;use reasonable best efforts to maintain coverage under the R&amp;W Insurance Policy in full force and effect during the policy period set forth therein and (b)&nbsp;not (and shall cause
its Subsidiaries and Affiliates not to) amend, modify, terminate, or waive any waiver of subrogation set forth in the R&amp;W Insurance Policy without the prior written consent of Seller, which consent may not be unreasonably withheld, conditioned,
or delayed. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;7.15 <U>India Toller Loan</U>. In the event that, following the Closing, any payments (whether interest,
principal or both) received by Buyer or its Affiliates in respect of the India Toller Loan, Buyer shall, or shall cause its applicable Affiliate to, pay to Seller or its designated Affiliate, the amount of such payment, in the same currency as such
payment was received by Buyer or its applicable Affiliate and net of any directly incurred costs or taxes incurred as a result of any payments received by Buyer or its Affiliates from the India Toller Loan, within fifteen (15)&nbsp;days of receipt
of such payment by Buyer or its Affiliates. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;7.16 <U>Intercompany Settlements</U>. Prior to the Effective Time, Seller shall
use commercially reasonable efforts to settle any outstanding Intercompany Payable Amounts or Intercompany Receivable Amounts between the Transferred Entities, on the one hand, and Seller and its Affiliates (other than the Transferred Entities), on
the other hand; <U>provided</U> that, if Seller is unable to settle such accounts prior to the Effective Time, then Seller and Buyer shall cooperate for a period of ninety (90)&nbsp;days following the Closing to settle such accounts. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;7.17 <U>China Short-Term Bank Drafts</U>. Buyer will use commercially reasonable efforts to collect all Short-Term China Bank
Drafts as they mature. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;7.18 <U>Transferred Insurance Proceeds</U>. Following the Closing Date, if
Seller actually receives any Transferred Insurance Proceeds from any of Seller&#146;s or its Affiliates&#146; insurers, Seller shall, or shall cause its applicable Affiliate to, pay to Buyer the amount of such payment, within thirty (30)&nbsp;days
of receipt of such payment by Seller or its Affiliates. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE VIII </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CERTAIN EMPLOYEE MATTERS. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;8.1 <U>Employees</U>. <U>Schedule 8.1</U> lists, to the extent permitted by applicable Law, each Employee as of the date hereof,
including an identification number and such Employee&#146;s title, work location, employer, annual salary or base rate, and active/inactive status, if any. Seller shall deliver an update of such <U>Schedule 8.1</U> with the names of such individuals
at the Closing. Seller shall update <U>Schedule 8.1</U> periodically prior to the Closing Date to reflect, with respect to the Business, any additional Employees, new hires, transfers, retirements, resignations, dismissals and other employment
terminations which may have occurred at any time on or prior to the Closing Date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;8.2 <U>Continuation of Employment</U>.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Where applicable Law provides for the automatic transfer of employment of any Employee upon the consummation of the Acquisition, the
parties (i)&nbsp;shall take or cause to be taken such actions as are required under applicable Law to accomplish such transfer of employment of such Employee to Buyer or a Buyer Corporation by operation of Law as of the Closing and (ii)&nbsp;shall
not take and shall not cause to be taken any such actions that would result in the employment of such Employee not transferring to Buyer or a Buyer Corporation by operation of Law as of the Closing; <U>provided</U> that, in the case of any Excepted
Jurisdiction, the foregoing shall be subject to the applicable Excepted Selling Corporations having received and accepted the terms of their respective Local Offer Letters and executing the Business Transfer Documents. Where applicable Law does not
provide for the automatic transfer of employment of any Employee upon the consummation of the Acquisition, Buyer shall, or shall cause a Buyer Corporation to, make offers of employment to such Employee (which offers may be of <FONT
STYLE="white-space:nowrap">at-will</FONT> employment to the extent permitted by applicable Law) in accordance with the provisions of this <U>Article VIII</U>, to be effective as of the Closing (or such later date as provided in
<U>Section</U><U></U><U>&nbsp;8.5</U>). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) The parties acknowledge that the transfer of the portions of the Business conducted by Seller
and the Asset Selling Corporations in the European Union (&#147;<U>EU</U>&#148;) and certain other countries constitutes a transfer of business within the meaning of EU Council Directive 2001/23/EC, the national Laws implementing the same or any
similar Laws applicable in <FONT STYLE="white-space:nowrap">non-EU</FONT> jurisdictions, and each Employee with respect to such portions of the Business shall be referred to herein as a &#147;<U>European Employee</U>&#148;. Subject to
<U>Section</U><U></U><U>&nbsp;8.2(c)</U>&nbsp;below, the parties further acknowledge that, as a result, the employment of the European Employees, including all related rights and obligations, will transfer by operation of Law to Buyer or a Buyer
Corporation, as applicable, as of the Closing Date, except with respect to any European Employee who timely exercises his or her rights, if any, under any applicable Law to prevent such transfer from occurring. Each European Employee or other
Employee whose employment transfers automatically to Buyer or a Buyer Corporation by operation of Law, together with each other Employee of a Transferred Entity, is referred to herein as an &#147;<U>Automatic Transferred Employee</U>&#148;.
</P>
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Buyer or the Buyer Corporations, as applicable, will assume by operation of Law, as of the Closing Date, all Liabilities with respect to the Automatic Transferred Employees except to the extent
otherwise provided in this <U>Article VIII</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) The parties will use their reasonable efforts to obtain the approval of the applicable
Governmental Authority or any labor authority as may be required for the transfer of the Automatic Transferred Employees, if any, who are &#147;protected employees&#148; under applicable Law. If any Employee requires a work permit or employment pass
or other legal or regulatory approval for his or her employment with Buyer or any Buyer Corporation, Buyer shall, and shall cause the Buyer Corporations to, use their commercially reasonable efforts to cause any such permit, pass or other approval
to be obtained and in effect prior to the Closing Date. In the event any such permit, pass or other approval is not obtained and in effect prior to the Closing Date, Buyer shall, and shall cause the Buyer Corporations to, use their commercially
reasonable efforts to cause any such permit, pass or other approval to be obtained as soon as reasonably practicable thereafter. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;8.3 <U>Offers of Employment</U>. Where applicable Law does not provide for the automatic transfer of employment of any Employee
upon the consummation of the Acquisition, Buyer shall, or shall cause a Buyer Corporation to, make an offer of employment to such Employee (which offer may be of <FONT STYLE="white-space:nowrap">at-will</FONT> employment to the extent permitted by
applicable Law) in accordance with the provisions of this <U>Article VIII</U>, at least thirty (30)&nbsp;days prior to the Closing Date (or such longer period required by applicable Law, the terms of any applicable Union Contract or to avoid
statutory, contractual, common law or other severance obligations, including any compensation or benefits payable during a termination notice period), with such employment to be effective as of the Closing (or such later date as provided in
<U>Section</U><U></U><U>&nbsp;8.5</U>); <U>provided</U> that, in the case of any Excepted Jurisdictions, the foregoing shall be subject to the applicable Excepted Selling Corporations having received and accepted the terms of their respective Local
Offer Letters and executing the Business Transfer Documents. Any such offer of employment shall be for a position that is comparable to the type of position held by such Employee immediately prior to the Closing Date, at a geographic location that
is within the greater of (i)&nbsp;50 straight-line miles of the Employee&#146;s home or (ii)&nbsp;the distance from the Employee&#146;s home and place of work immediately prior to the Closing Date, and shall be made on terms and conditions
sufficient to avoid statutory, contractual, common law or other severance obligations, other than where such severance is unavoidable pursuant to applicable Law or the terms of any applicable Union Contract, and shall otherwise comply in all
respects with applicable Law. Each such Employee who accepts such offer of employment, including offers described in <U>Section</U><U></U><U>&nbsp;8.5</U>, from Buyer or a Buyer Corporation, collectively with each Automatic Transferred Employee, is
referred to herein as a &#147;<U>Transferred Employee</U>&#148;. Except as otherwise specifically provided in this <U>Article VIII</U> or to the extent required by applicable Law, effective as of the Effective Time (or such later date on which a
Transferred Employee commences employment with Buyer or a Buyer Corporation), the Transferred Employees shall cease all active participation in and accrual of benefits under the Seller Benefit Plans, other than any such plan that is sponsored,
maintained, contributed to or required to be contributed to by any Transferred Entity. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;8.4 <U>Continuation of Compensation
and Benefits</U>. For a period of eighteen (18)&nbsp;months immediately after the Closing Date (or for such longer period as required by applicable Law or pursuant to the terms of any applicable Union Contract), Buyer shall, or shall cause the
</P>
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Buyer Corporations to, provide to each Transferred Employee (i)&nbsp;a base salary or wages no less favorable than those provided by Seller, the applicable Asset Selling Corporation or the
applicable Transferred Entity to such Transferred Employee as in effect immediately prior to the Closing Date and (ii)&nbsp;other employee benefits, including variable pay and incentive or bonus opportunities, under plans, programs and arrangements
that are no less favorable in the aggregate than those provided by Seller, the applicable Asset Selling Corporation or the applicable Transferred Entity to such Transferred Employee as in effect immediately prior to the Closing Date. For the
avoidance of doubt, the provision of plans, programs and arrangements that are no less favorable in the aggregate than those provided by Seller as in effect immediately prior to the Closing Date shall not require Buyer to issue any incentive equity
to any Transferred Employee. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;8.5 <U>Inactive Employees</U>. With respect to Employees who are Inactive Employees (other than
any Automatic Transferred Employees), Buyer or a Buyer Corporation shall be required to offer employment to such Employee, in accordance with the provisions of this <U>Article VIII</U>, effective as of the date such Employee presents himself or
herself to Buyer or a Buyer Corporation for active employment. In the case of any such Inactive Employee who accepts such offer of employment, (i)&nbsp;such Employee shall become a Transferred Employee as of the date such Employee presents himself
or herself to Buyer or a Buyer Corporation for active employment, (ii)&nbsp;except as otherwise required by applicable Law or otherwise specifically provided in this Agreement, all references in this Agreement to the Closing, the Closing Date and
the Effective Time shall instead be deemed to refer to the date such Employee becomes a Transferred Employee and (iii)&nbsp;Buyer or the applicable Buyer Corporation shall have no obligation to provide compensation and benefits to each such Employee
until the date he or she becomes a Transferred Employee. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;8.6 <U>Severance Obligations</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Seller and Buyer intend that the transactions contemplated by this Agreement shall not constitute a separation, termination or severance of
employment of any Employee prior to or upon the consummation of the Acquisition and that the Employees will have continuous and uninterrupted employment immediately before and immediately after the Closing Date, and Buyer shall, and shall cause the
Buyer Corporations to, comply with any requirements under applicable Law to ensure the same. Buyer shall bear any costs related to, and shall indemnify and hold harmless Seller and the Asset Selling Corporations from and against, (i)&nbsp;any claims
made by any Employee for any statutory, contractual or common law severance or separation benefits and other legally mandated payment obligations (including the employer portion of any employment Taxes, together with any compensation payable during
any mandatory termination notice period related thereto), in each case, arising out of or in connection with&nbsp;the failure of Buyer or the Buyer Corporations to make offers of employment to, or continue the employment of, any Employee in
accordance with this Agreement and as required by applicable Law and (ii)&nbsp;any claims relating to the employment of any Transferred Employee on or after the Closing Date, including in respect of any act or omission relating to the employment of
any Transferred Employee on or after the Closing Date. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Buyer shall, or shall cause the Buyer Corporations to, provide each Transferred
Employee whose employment is terminated within eighteen (18)&nbsp;months following the Closing Date (or within such longer period as required by applicable Law or pursuant to the </P>
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terms of any applicable Union Contract) with severance and other separation benefits substantially comparable to the severance and other separation benefits provided to such Transferred Employee
by Seller, the applicable Asset Selling Corporation or the applicable Transferred Entity as in effect immediately prior to the Closing Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;8.7 <U>Allocation of Employment Liabilities</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Except with respect to any Liabilities that transfer to Buyer or a Buyer Corporation pursuant to applicable Law (including any relating to
any current or former Employee of a Transferred Entity or any Employee Benefit Plan sponsored by a Transferred Entity) or as otherwise specifically provided in this Agreement or any Business Transfer Document, Seller and the Asset Selling
Corporations shall retain Liability and responsibility for all employment and employee-benefit related Liabilities, claims or Losses that arise as a result of an event or events that occurred prior to the Effective Time that relate to the Employees
(or any dependent or beneficiary of any Employee). Except as otherwise specifically provided in this Agreement, effective as of the Effective Time, Buyer or its Affiliates shall assume and be solely responsible for all employment and
employee-benefits related Liabilities, claims or Losses that relate to (i)&nbsp;any current or former employee of a Transferred Entity (or his or her dependent or beneficiary) that arise as a result of an event or events that occurred on or after
the Effective Time, (ii)&nbsp;any Employee Benefit Plan sponsored by a Transferred Entity that arise as a result of an event or events that occurred on or after the Effective Time and (iii)&nbsp;any Transferred Employee (or any dependent or
beneficiary of any Transferred Employee) that arise as a result of an event or events that occurred on or after the Effective Time or are otherwise expressly assumed by Buyer or its Affiliates pursuant to this Agreement. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Seller and the Asset Selling Corporations shall retain all Liabilities for all workers&#146; compensation, short- and long-term disability,
medical, prescription drug, dental, vision, life insurance, accidental death and dismemberment and other welfare benefit claims incurred by Employees prior to the Effective Time that are covered under the terms of the applicable plans of Seller and
the Asset Selling Corporations or their respective Affiliates, except that Buyer and the Buyer Corporations shall be responsible for such claims to the extent such claims relate to a plan sponsored by a Transferred Entity. With respect to claims
incurred on or after the Effective Time by the Transferred Employees and their eligible dependents for workers&#146; compensation, short- and long-term disability, medical, prescription drug, dental, vision, life insurance, accidental death and
dismemberment and other welfare benefit claims, Buyer or its Affiliates shall be responsible. For these purposes, a claim shall be deemed to be incurred: (i)&nbsp;in the case of short- or long-term disability benefits (including related health
benefits), at the time of the injury, sickness or other event giving rise to the claim for such benefits, (ii)&nbsp;in the case of workers&#146; compensation benefits, when the event giving rise to the claim (&#147;<U>Workers&#146; Compensation
Event</U>&#148;) occurs, (iii)&nbsp;in the case of medical, prescription drug, dental or vision benefits, at the time professional services, equipment or prescription drugs covered by the applicable plan are obtained, (iv)&nbsp;in the case of life
insurance benefits, upon death and (v)&nbsp;in the case of accidental death and dismemberment benefits, at the time of the accident. If the Workers&#146; Compensation Event occurs over a period both preceding and following the Effective Time, the
claim shall be the joint Liability of Seller and the Asset Selling Corporations, on the one hand, and Buyer and the Buyer Corporations, on the other hand, and shall be equitably </P>
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apportioned between such parties based upon the relative periods of time that the Workers&#146; Compensation Event transpired preceding and following the Effective Time. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) <U>Schedule 8.7(c)</U> sets forth all Employee Benefit Plans which are sponsored or maintained by a Transferred Entity as of the Closing
Date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;8.8 <U>Service Credit</U>. Effective from and after the Effective Time, Buyer or a Buyer Corporation shall
(i)&nbsp;recognize, for all purposes (including eligibility, vesting and benefit levels and accruals, but other than benefit accrual under a defined benefit pension plan (other than any Employee Benefit Plan that is sponsored by a Transferred Entity
or with respect to which Buyer, a Buyer Corporation or the applicable pension plan of Buyer or a Buyer Corporation assumes Liability)) under all plans, programs and arrangements established or maintained by Buyer or a Buyer Corporation for the
benefit of the Transferred Employees, service with Seller or the Asset Selling Corporations and their respective Affiliates prior to the Closing Date to the extent such service was recognized under the corresponding Employee Benefit Plan covering
such Transferred Employees and (ii)&nbsp;waive any <FONT STYLE="white-space:nowrap">pre-existing</FONT> condition exclusion, <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">actively-at-work</FONT></FONT> requirement or waiting
period under all employee health and other welfare benefit plans established or maintained by Buyer or a Buyer Corporation for the benefit of the Transferred Employees, except to the extent such <FONT STYLE="white-space:nowrap">pre-existing</FONT>
condition exclusion, requirement or waiting period would have applied to such individual under the corresponding Employee Benefit Plan immediately prior to the Closing, and (iii)&nbsp;to the extent commercially feasible, provide full credit for any <FONT
STYLE="white-space:nowrap">co-payments,</FONT> deductibles or similar payments made or incurred prior to the Closing Date for the plan year in which the Closing occurs. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;8.9 <U>Accrued Paid Time Off</U>. In the event that any Transferred Employee is entitled under applicable Law or any policy of
Seller or any Asset Selling Corporation to be paid for any paid time off (including vacation, holiday, sick, or personal) accrued but not yet taken by the Transferred Employees as of the Closing Date with respect to the calendar year in which the
Closing Date occurs or with respect to any prior calendar year (the &#147;<U>Accrued PTO Days</U>&#148;), Seller or any Asset Selling Corporation, shall pay any required amounts to such Transferred Employee (any such amounts paid by Seller or any
Asset Selling Corporation, the &#147;<U>Seller PTO Payment</U>&#148;). As of the Effective Time, Buyer or a Buyer Corporation shall assume and honor all the Accrued PTO Days for which payout is not made pursuant to the immediately preceding sentence
(it being understood that Buyer or a Buyer Corporation may deduct from the number of paid time off days made available to any such Transferred Employee the number of days of paid time off previously taken by such Transferred Employee in the
applicable calendar year). Within sixty (60)&nbsp;days following the Closing Date, Seller shall provide to Buyer a schedule setting forth the aggregate amount of the Seller PTO Payment. Buyer shall reimburse Seller for the aggregate amount of the
Seller PTO Payment as soon as administratively practicable but in any event no later than forty (40)&nbsp;days following delivery of such schedule. If there is a dispute as to the amount to be reimbursed, the dispute shall be resolved using the
dispute resolution procedure in <U>Sections 2.3(b)</U>, <U>(c)</U> and <U>(d)</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;8.10 <U>Bonuses; Retention</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Except as set forth in any Business Transfer Document, Seller shall retain all Liabilities with respect to the Transferred Employees under
any annual incentive or short-</P>
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term bonus plans sponsored or maintained by Seller or any of its subsidiaries that accrues in the period prior to the Closing Date and, notwithstanding the terms and conditions of such plans,
shall pay to each Transferred Employee that participates in any such plan an amount equal to the amount such Transferred Employee would have been eligible to receive for the applicable period in which the Closing Date occurs had such Transferred
Employee remained an employee of Seller or its Subsidiaries through the requisite date of eligibility in the plan, assuming achievement of applicable goals and conditions at target performance levels, as determined in Seller&#146;s sole discretion, <FONT
STYLE="white-space:nowrap">pro-rated</FONT> based upon the period of time that transpired preceding the Closing Date. Seller shall use its commercially reasonable efforts to make the payments described in this
<U>Section</U><U></U><U>&nbsp;8.10(a)</U> within one hundred twenty (120)&nbsp;days following the Closing Date. Following the Closing Date, the Transferred Employees shall participate in annual incentive or short-term bonus plans sponsored or
maintained by Buyer or a Buyer Corporation. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Notwithstanding the foregoing, if Seller wishes for Buyer to make the payments described
in <U>Section</U><U></U><U>&nbsp;8.10(a)</U> (in lieu of such payments being made by Seller), then Seller shall provide Buyer with a schedule of such payments to be made to the Transferred Employees (the &#147;<U>Bonus Payment Schedule</U>&#148;),
and Buyer shall make such payments in accordance with the Bonus Payment Schedule acting as agent on Seller&#146;s behalf. Following the date on which all such payments have been made, Buyer shall provide Seller with a schedule that sets forth the
name and identification number of each Transferred Employee who received a payment and the amount thereof (the &#147;<U>Paid Bonus Schedule</U>&#148;); <U>provided</U> that all such names, identification numbers and payment amounts must be in
accordance with the Bonus Payment Schedule. Seller shall reimburse Buyer for the aggregate amount set forth on the Paid Bonus Schedule as soon as administratively practicable but in any event no later than forty (40)&nbsp;days following delivery of
such schedule. If there is a dispute as to the amount to be reimbursed, the dispute shall be resolved using the dispute resolution procedure in <U>Sections 2.3(b)</U>, <U>(c)</U> and <U>(d)</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) Effective as of the Effective Time, Seller shall retain all Liabilities under each individual retention letter agreement with a Transferred
Employee set forth on <U>Schedule 8.10(c)</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;8.11 <U>401(k) Plan</U>. If Buyer or a Buyer Corporation maintains or
establishes a defined contribution plan that includes a qualified cash or deferred arrangement within the meaning of Section&nbsp;401(k) of the Code (&#147;<U>Buyer</U><U>&#146;</U><U>s 401(k) Plan</U>&#148;), Buyer or such Buyer Corporation shall
permit each Transferred Employee participating in a Retained U.S. Seller Benefit Plan that is a defined contribution plan with a qualified cash or deferred arrangement within the meaning of Section&nbsp;401(k) of the Code
(&#147;<U>Seller</U><U>&#146;</U><U>s 401(k) Plan</U>&#148;) to effect, and Buyer or a Buyer Corporation agrees to cause Buyer&#146;s 401(k) Plan to accept, in accordance with applicable Law, a &#147;direct rollover&#148; (within the meaning of
Section&nbsp;401(a)(31) of the Code) of his or her account balances (including earnings thereon through the date of transfer and promissory notes evidencing all outstanding loans) under Seller&#146;s 401(k) Plan if such rollover to Buyer&#146;s
401(k) Plan is elected in accordance with applicable Law by such Transferred Employee, subject to each of Seller&#146;s or the Asset Selling Corporation&#146;s and Buyer&#146;s reasonable satisfaction that Seller&#146;s 401(k) Plan or Buyer&#146;s
401(k) Plan, as applicable, is in compliance with all applicable Laws and that such plan continues to satisfy the requirements for a qualified plan under Section&nbsp;401(a) of the Code and that the trust that forms a part of such plan is exempt
from Tax under Section&nbsp;501(a) of the Code.&nbsp;&nbsp;&nbsp;&nbsp;Upon completion of a direct rollover of a Transferred </P>
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Employee&#146;s account balances, as described in this <U>Section</U><U></U><U>&nbsp;8.11</U>, Buyer or a Buyer Corporation and Buyer&#146;s 401(k) Plan shall be fully responsible for all
benefits relating to past service of such Transferred Employee and none of Seller, the Asset Selling Corporations and Seller&#146;s 401(k) Plan shall have any Liability whatsoever with respect to such benefits. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;8.12 <U>WARN Act</U>. Buyer agrees to provide, or cause its Affiliates to provide, any required notice under the Worker
Adjustment and Retraining Notification Act of 1988 and any similar federal, state or local Law or regulation (&#147;<U>WARN</U>&#148;), and to otherwise comply with WARN and any other similar Law or regulation, in each case with respect to any
&#147;plant closing&#148; or &#147;mass layoff&#148; (as defined in WARN) or group termination or similar event affecting Employees (including as a result of the Acquisition) and occurring on and after the Effective Time. None of Buyer or any of its
Affiliates shall take any action before or after the Closing that would cause any termination of employment of any Employees that occurs before the Effective Time to constitute a &#147;plant closing&#148; or &#147;mass layoff&#148; or group
termination under WARN, or to create any Liability or penalty to Seller, any Entity Selling Corporations, or any Asset Selling Corporation for any employment terminations under applicable Law. On the Closing Date, Seller shall notify Buyer of any
layoffs of any Employees working in the United States in the ninety (90)&nbsp;day period prior to the Closing. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;8.13
<U>Employee Consultations</U>. Without limiting the generality of <U>Section</U><U></U><U>&nbsp;12.7</U>, Seller and the Asset Selling Corporations shall fully comply with all of its or their obligations (however arising) to inform and consult with,
and in respect of, the Employees, whether the same arises under a Union Contract, employee consultation bodies or applicable Law. Buyer shall, and shall cause its Affiliates to, take such steps as are required by applicable Law, the terms of any
applicable Union Contract or any employee consultation bodies, as applicable, or as are otherwise reasonably required by any Selling Corporation to facilitate compliance by the Selling Corporations with their obligations to inform and consult. Buyer
or Buyer&#146;s Affiliates shall fully comply with all of its or their obligations (however arising) to inform and consult with, and in respect of, the Employees, whether the same arises under a Union Contract, employee consultation bodies or
applicable Law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;8.14 <U>Union Contracts</U>. From and after the Closing, Buyer shall, and shall cause its Affiliates to,
comply with the terms of the Union Contracts listed in Schedule <U>5.18(b)(i)(A)</U> and with applicable Law. Notwithstanding anything to the contrary in this <U>Section</U><U></U><U>&nbsp;8.14</U>, Buyer further agrees that the provisions of this
<U>Article VIII</U> shall be subject to any applicable provisions of any Union Contract in respect of Transferred Employees, to the extent such provisions are inconsistent with or otherwise in conflict with the provisions of any such Union Contract.
From and after the Closing, with respect to Union Contracts listed in <U>Schedule 5.18(b)(i)(B)</U>, Buyer shall, and shall cause its Affiliates to, recognize as exclusive bargaining representative the unions identified in such contracts currently
representing Transferred Employees as of the Closing Date, and bargain with the current unions in good faith regarding the terms and conditions of employment of such Transferred Employees, as required by applicable Law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;8.15 <U>Retained <FONT STYLE="white-space:nowrap">Non-U.S.</FONT> Seller Pension Plans; Retained U.S. Seller Benefit Plans</U>.
Seller or the applicable Asset Selling Corporation shall retain or shall cause to be retained all assets and Liabilities under each Retained <FONT STYLE="white-space:nowrap">Non-U.S.</FONT> Seller Pension Plan and Retained U.S. Seller Benefit Plan
and shall make payments to Employees with vested rights thereunder in </P>
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accordance with the terms of such plan and applicable Law. With respect to each Retained <FONT STYLE="white-space:nowrap">Non-U.S.</FONT> Seller Pension Plan and Retained U.S. Seller Benefit
Plan, as of the Closing Date, each Transferred Employee shall cease active participation in such Retained <FONT STYLE="white-space:nowrap">Non-U.S.</FONT> Seller Pension Plan and Retained U.S. Seller Benefit Plan, as applicable, and service
performed for, and compensation earned from, any employer, other than Seller, the Asset Selling Corporations and their predecessors, shall not be taken into account for any purpose under such Retained <FONT STYLE="white-space:nowrap">Non-U.S.</FONT>
Seller Pension Plan and Retained U.S. Seller Benefit Plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;8.16 <U>Transferred
<FONT STYLE="white-space:nowrap">Non-U.S.</FONT> Seller Pension Plans</U>. As of the Effective Time, Buyer or a Buyer Corporation shall assume each Transferred <FONT STYLE="white-space:nowrap">Non-U.S.</FONT> Seller Pension Plan set forth on
<U>Schedule 8.16</U>, including all Liabilities for all accrued benefits thereunder, and Buyer, a Buyer Corporation or the applicable pension plan of Buyer or a Buyer Corporation shall assume all Liabilities for all accrued benefits under each other
<FONT STYLE="white-space:nowrap">Non-U.S.</FONT> Seller Pension Plan, in each case, in accordance with applicable Law or the terms of such plan (such Liabilities, the &#147;<U>Transferred Pension Liabilities</U>&#148;). Following any such transfer
of the Transferred Pension Liabilities, none of Seller or any Asset Selling Corporation shall have any further Liability for any accrued benefits, or any other Liabilities, under or with respect to any Transferred
<FONT STYLE="white-space:nowrap">Non-U.S.</FONT> Seller Pension Plan. If any assets with respect to any Transferred <FONT STYLE="white-space:nowrap">Non-U.S.</FONT> Seller Pension Plan (including, to the extent applicable, any insurance Contracts or
portions thereof maintained with respect to such plan) are required by applicable Law, the terms of such plan or any Business Transfer Document to be transferred to Buyer in connection with the transfer of the Transferred Pension Liabilities, such
assets shall be transferred pursuant to applicable Law or the terms of such plan (such assets, the &#147;<U>Transferred Pension Assets</U>&#148;). At all times following the Closing Date, neither Buyer nor any Buyer Corporation shall take any action
to reduce any benefits accrued under any Transferred <FONT STYLE="white-space:nowrap">Non-U.S.</FONT> Seller Pension Plan prior to the Closing Date. Notwithstanding anything herein to the contrary, any Transferred
<FONT STYLE="white-space:nowrap">Non-U.S.</FONT> Seller Pension Plan, Transferred Pension Liabilities and Transferred Pension Assets relating to such portion of the Business that is subject to a Local Offer Letter shall transfer or be assumed, as
applicable, only upon acceptance of such Local Offer Letter by the applicable Excepted Selling Corporation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;8.17 <U>Employee
Records</U>. As of the Closing Date, Seller shall provide to Buyer and the Buyer Corporations copies of all employment records for each Transferred Employee to the extent permitted to be provided to Buyer and the Buyer Corporations under applicable
Law. Buyer and the Buyer Corporations shall ensure that all such records are used only in connection with the employment of such Transferred Employee and shall keep such employment records confidential, and shall indemnify and hold harmless Seller
and the Asset Selling Corporations from and against any statutory, common Law or other claims that arise from the use of such employment records other than for employment, compensation or termination-related purposes. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;8.18 <U>China Employees</U>. Without limiting the generality of <U>Section</U><U></U><U>&nbsp;8.6(a)</U> or the scope of
Buyer&#146;s obligations thereunder, Seller shall bear any costs related to, and shall indemnify and hold harmless Buyer and its Affiliates from and against, any claims made by any Employee who, as of the Closing Date, is principally employed in the
People&#146;s Republic of China (or, with respect to any Inactive Employee, who was principally employed in the People&#146;s Republic of China at the time he or she began such leave) for any statutory severance or separation benefits (including
statutory economic compensation and statutory compensation payable in respect of accrued but not yet taken vacation days or other paid time off for the </P>
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calendar year in which the Closing Date occurs) that arise as a result of any such Employee who accepts an offer of employment from Buyer or any Buyer Corporation making a request that such
severance or separation benefits be paid by the applicable Seller Affiliate. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;8.19 <U>No Third Party Beneficiaries</U>. The
provisions of this <U>Article VIII</U> are solely for the benefit of the respective parties to this Agreement and nothing in this <U>Article VIII</U>, express or implied, shall confer upon any Employee, or legal representative or beneficiary
thereof, any rights or remedies, including any right to employment or continued employment for any specified period, or compensation or benefits of any nature or kind whatsoever under this Agreement. Nothing in this <U>Article VIII</U>, express or
implied, shall be (a)&nbsp;deemed an amendment of any plan providing benefits to any Employee, or (b)&nbsp;construed to prevent Buyer from terminating or modifying to any extent or in any respect any benefit plan that Buyer may establish or
maintain. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE IX </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CERTAIN TAX MATTERS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;9.1 <U>Indemnification for Taxes</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Subject to the limitations set forth in this Agreement, Seller shall indemnify and hold harmless the Buyer Indemnitees from and against:
(i)&nbsp;Taxes of the Transferred Entities for all <FONT STYLE="white-space:nowrap">Pre-Closing</FONT> Tax Periods, (ii)&nbsp;Excluded Tax Liabilities, <FONT STYLE="white-space:nowrap">(iii)&nbsp;Pre-Closing</FONT> Restructuring Taxes,
(iv)&nbsp;Taxes arising out of any breach of any Tax Covenant or any representation set forth in <U>Section</U><U></U><U>&nbsp;5.17</U> by any Selling Corporation, and (v)&nbsp;VAT payable by Seller and its Affiliates under
<U>Section</U><U></U><U>&nbsp;9.3</U>; in each case other than Taxes arising out of (x)&nbsp;any breach of any Tax Covenant made by Buyer or any Buyer Corporation or (y)&nbsp;except as otherwise contemplated or permitted by this Agreement, any
action taken outside the ordinary course of business by Buyer or any of its Affiliates after the Closing but on the Closing Date (collectively, the &#147;<U><FONT STYLE="white-space:nowrap">Pre-Closing</FONT> Tax Indemnity</U>&#148;).
Notwithstanding that a claim for Taxes may fall into multiple categories of this <U>Section</U><U></U><U>&nbsp;9.1(a)</U>, a Buyer Indemnitee may recover such Taxes one time only. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Subject to the limitations set forth in this Agreement, Buyer shall indemnify and hold harmless the Seller Indemnitees from and against
(i)&nbsp;Taxes of the Transferred Entities for all Post-Closing Tax Periods, (ii)&nbsp;Assumed Tax Liabilities, (iii)&nbsp;Taxes arising out of any breach of any Tax Covenant made by Buyer or any Buyer Corporation, (iv)&nbsp;except as otherwise
contemplated or permitted by this Agreement, Taxes arising out of any action taken outside the ordinary course of business by Buyer or any of its Affiliates after the Closing but on the Closing Date,&nbsp;(v) VAT payable by Buyer and its Affiliates
under <U>Section</U><U></U><U>&nbsp;9.3</U> and (vi)&nbsp;Transfer Taxes, in each case other than Taxes arising out of any breach of any Tax Covenant or any representation set forth in <U>Section</U><U></U><U>&nbsp;5.17</U> made by any Selling
Corporation. Notwithstanding that a claim for Taxes may fall into multiple categories of this <U>Section</U><U></U><U>&nbsp;9.1(b)</U>, a Seller Indemnitee may recover such Taxes one time only. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) Subject to <U>Section</U><U></U><U>&nbsp;9.8(e)</U>, any indemnity payment for Taxes to be made pursuant to this
<U>Section</U><U></U><U>&nbsp;9.1</U> shall be paid within thirty (30)&nbsp;Business Days after any Buyer Indemnitee or Seller Indemnitee claiming it is entitled to indemnification under this <U>Article IX</U> (the &#147;<U>Indemnified Tax
Party</U>&#148;) makes written demand upon the other party (the &#147;<U>Indemnifying </U> </P>
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<U>Tax Party</U>&#148;), but in no case earlier than five (5)&nbsp;Business Days prior to the date on which the relevant Taxes (including, for the avoidance of doubt, any estimated Tax payments
or Tax deposits) are required to be paid to the relevant Governmental Authority. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;9.2 <U>Cooperation on Tax Matters</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Notwithstanding anything to the contrary in <U>Sections 7.1</U> or <U>7.5</U>, Buyer and Seller shall, and shall cause their respective
Affiliates to, (i)&nbsp;furnish, or cause to be furnished, to each other, upon request and in a timely manner, such documents (including any duly executed powers of attorney and other documents necessary to enable the parties to file Tax Returns, or
cause Tax Returns to be filed, in the manner provided in <U>Section</U><U></U><U>&nbsp;9.8</U>), information (including access to the relevant portions of books and records) and assistance relating to the Transferred Assets, the Assumed Liabilities,
the Business, the Transferred Equity Interests and the Transferred Entities, in each case as is reasonably necessary for the preparation and filing of any Tax Return or the conduct of any Tax Contest or review by a third party auditor,
(ii)&nbsp;cooperate reasonably with one another in applying for and obtaining available Tax refunds, credits and offsets and (iii)&nbsp;keep confidential any information obtained under this <U>Section</U><U></U><U>&nbsp;9.2</U>, except as may be
otherwise necessary in connection with the filing of Tax Returns or the conduct of a Tax Contest or review by a third party auditor. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)
Notwithstanding anything to the contrary in <U>Sections 7.1</U> or <U>7.5</U>, each of Seller and Buyer shall, and shall cause its Affiliates to, (i)&nbsp;retain all of its Tax and accounting books and records (including all computerized books and
records, and any such information stored on any other form of media) relevant to Taxes, for any Tax period that includes the Closing Date and for all prior Tax periods, of the Transferred Entities or related to the Transferred Assets, the Assumed
Liabilities the Business or the Transferred Equity Interests, in each case until the applicable period for assessment under applicable Law (giving effect to any and all extensions or waivers) has expired and (ii)&nbsp;abide by all record retention
agreements entered into with any Taxing Authority with respect to any of the materials described in clause&nbsp;(i). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) Seller and Buyer
shall each (i)&nbsp;execute and deliver, and cause its Affiliates to execute and deliver, as appropriate, all instruments and certificates reasonably necessary to enable the other party to comply with any filing requirements relating to Transfer
Taxes and VAT and (ii)&nbsp;use commercially reasonable efforts to avail itself of any available exemptions from, or reductions of, any Transfer Taxes and VAT under applicable Law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;9.3 <U>VAT</U>. All consideration specified for supplies of goods or services made, or deemed to be made, under this Agreement
and the Ancillary Agreements shall be exclusive of any and all applicable VAT. With respect to each such supply of goods or services, the party hereto that makes such supply (or whose Affiliate makes such supply) (the &#147;<U>Supply
Provider</U>&#148;) shall provide, or cause its Affiliate making such supply to provide, to the party hereto that receives such supply (or whose Affiliate receives such supply) (the &#147;<U>Supply Recipient</U>&#148;), or to the Affiliate of the
Supply Recipient receiving such supply, a properly completed and executed VAT invoice (or other valid and customary VAT documentation) with respect to the relevant supply of goods or services, promptly and in accordance with applicable Law. After
the receipt of such invoice or documentation, the Supply Recipient shall pay, or cause its Affiliate receiving </P>
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such supply to pay, to the Supply Provider or its Affiliate making such supply, in addition to the specified consideration, all VAT required under applicable Law to be charged by the Supply
Provider or its Affiliate in relation to such supply, in accordance with applicable Law (but in no event later than the tenth (10th) Business Day after such receipt). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;9.4 <U>Transfer Taxes</U>. All Transfer Taxes shall be borne by Buyer. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;9.5 <U>FIRPTA Affidavit</U>. Seller shall deliver to Buyer no more than seven (7)&nbsp;days before the Closing affidavits (the
&#147;<U>FIRPTA Affidavits</U>&#148;), duly executed and acknowledged, certifying certain facts reasonably sufficient to establish that the Acquisition is not subject to withholding under Section&nbsp;1445 of the Code. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;9.6 <U>Allocation of Taxes in Straddle Periods</U>. Taxes (other than Transfer Taxes and VAT) payable with respect to a Straddle
Period shall be allocated between the <FONT STYLE="white-space:nowrap">Pre-Closing</FONT> Tax Period and the Post-Closing Tax Period (i)&nbsp;in the case of Taxes imposed on a periodic basis (such as real, personal and intangible property Taxes), on
a daily pro rata basis and (ii)&nbsp;in the case of other Taxes, as if the Tax period ended as of the close of business on the Closing Date and, in the case of any such other Taxes that are attributable to the ownership of any equity interest in a
partnership, other &#147;flowthrough&#148; entity or &#147;controlled foreign corporation&#148; (within the meaning of Section&nbsp;957(a) of the Code or any comparable applicable Law), as if the Tax period of that entity ended as of the close of
business on the Closing Date ; <U>provided</U> that, for German tax purposes, Taxes payable with respect to a Straddle Period shall be allocated as if the Tax period ended as of the German Closing Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;9.7 <U>Tax Treatment of Indemnity Payments</U>. For all Tax purposes, Seller and Buyer shall treat, and shall cause their
respective Affiliates to treat, all indemnity payments under this Agreement, and all amounts paid by one party to another party under <U>Section</U><U></U><U>&nbsp;2.1(i)(ii)</U>, <U>2.3</U>, <U>2.4</U>, <U>8.9</U>, <U>8.10</U>, <U>9.8(e)</U> and
<U>12.9</U>, as adjustments to the Purchase Price received by Seller (for itself and as agent for the other Selling Corporations) to the extent permitted under applicable Tax Law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;9.8 <U>Tax Returns</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) [Intentionally Omitted] </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)
Seller shall prepare and file, or cause to be prepared and filed, all Seller-Signed Tax Returns and all Buyer-Signed Tax Returns in a timely manner with the appropriate Governmental Authorities; <U>provided</U> that Seller (i)&nbsp;shall provide
Buyer with a draft copy of each such Seller-Signed Tax Return described in clause (b)&nbsp;of the definition thereof and each such Buyer-Signed Tax Return at least twenty (20)&nbsp;Business Days before the due date for the filing of such Tax Return
(including extensions), (ii) shall consider in good faith any comments provided by Buyer, (iii)&nbsp;shall provide Buyer with a finalized copy of such Tax Return at least ten (10)&nbsp;Business Days before such due date and (iv)&nbsp;shall not, and
shall cause its Affiliates not to, file such Tax Return without the prior written consent of Buyer (which consent shall not be unreasonably withheld, conditioned or delayed), except that Buyer shall be deemed to have provided such consent unless it
notifies Seller in writing, at least two (2)&nbsp;Business Days before such due date, of its objection to the filing of such Tax Return. </P>
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filed, in a timely manner with the appropriate Governmental Authority (i)&nbsp;by Buyer if it or any of its Affiliates is permitted to file such Tax Return under applicable Law or (ii)&nbsp;by Seller if Buyer and its Affiliates are not permitted to
file such Tax Return under applicable Law; <U>provided</U> that Seller (x)&nbsp;shall use commercially reasonable efforts to provide Buyer with a draft copy of such Tax Return at least ten (10)&nbsp;days before the due date for the filing of such
Tax Return (including extensions), (y) shall incorporate any comments provided by Buyer, and (z)&nbsp;shall not file any such Tax Return without the prior written consent of Buyer. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) Each Straddle Period Tax Return shall be prepared and filed, or caused to be prepared and filed, with the appropriate Governmental
Authority (i)&nbsp;by Buyer if it or any of its Affiliates is permitted to file such Tax Return under applicable Law or (ii)&nbsp;by Seller if Buyer and its Affiliates are not permitted to file such Tax Return under applicable Law, in each case in a
timely manner consistent with past practice (except as otherwise required by applicable Law or to correct any clear errors); <U>provided</U> that such filing party (x)&nbsp;shall use commercially reasonable efforts to provide the other party with a
draft copy of such Tax Return at least ten (10)&nbsp;Business Days before the due date for the filing of such Tax Return (including extensions), (y) shall consider in good faith any comments provided by such other party and (z)&nbsp;shall not, and
shall cause its Affiliates not to, file such Tax Return without the prior written consent of such other party (which consent shall not be unreasonably withheld, conditioned or delayed), except that such other party shall be deemed to have provided
such consent unless it notifies such filing party in writing, at least two (2)&nbsp;Business Days before the due date for filing such tax Return of its objection to the filing of such Tax Return. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e)&nbsp;(i) With respect to each Tax Return described in this <U>Section</U><U></U><U>&nbsp;9.8</U>, the party required to file such Tax
Return (or cause such Tax Return to be filed) pursuant to this <U>Section</U><U></U><U>&nbsp;9.8</U> (the &#147;<U>Tax Return Filer</U>&#148;) shall timely pay to the relevant Governmental Authority the amount, if any, shown as due on such Tax
Return; <U>provided</U> that if the Tax Return Filer is not permitted to make such payment under applicable Law, then the parties shall cooperate in good faith to arrange for such amount to be paid to the relevant Governmental Authority in a manner
permitted by applicable Law; <U>provided</U> <U>further</U> that the obligation to make payments pursuant to this <U>Section</U><U></U><U>&nbsp;9.8(e)(i)</U> shall not affect such Tax Return Filer&#146;s right, if any, to receive payments under
<U>Section</U><U></U><U>&nbsp;9.8(e)(ii)</U> or otherwise be indemnified under this Agreement with respect to any Taxes. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii) With
respect to any Tax Return described in this <U>Section</U><U></U><U>&nbsp;9.8</U> (including extensions), the relevant Tax Return Filer shall notify the other party of any amounts shown as due on such Tax Return (and to be paid by such Tax Return
Filer and its Affiliates), or any portions of any such amounts, for which the other party must indemnify the Tax Return Filer under this Agreement, and such other party shall pay such amounts (or portions thereof) to the Tax Return Filer no later
than the due date for filing such Tax Return or, if later, ten (10)&nbsp;Business Days after the date on which notice of such amounts (or portions thereof) is provided by the Tax Return Filer pursuant to this
<U>Section</U><U></U><U>&nbsp;9.8(e)(ii)</U>; <U>provided</U> that Seller shall not be required to pay for any Holdback Taxes to Buyer unless and until the aggregate amount of Holdback Taxes paid by Buyer exceeds the Estimated Holdback Tax Amount
held back pursuant to <U>Section</U><U></U><U>&nbsp;2.5</U>. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;9.9 <U>Tax Contests</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Buyer shall promptly notify Seller of any notice of any pending or threatened Tax Contest relating to the Transferred Assets, the Assumed
Liabilities, the Business, the Transferred Equity Interests or the Transferred Entities for which Seller could be liable under <U>Section</U><U></U><U>&nbsp;9.1</U> if a claim for such Taxes were made (an &#147;<U>Applicable Tax Contest</U>&#148;);
<U>provided</U>, <U>however</U>, that no failure or delay by Buyer to provide notice of an Applicable Tax Contest shall reduce or otherwise affect the indemnification obligations of Seller hereunder except to the extent the defense of such
Applicable Tax Contest is actually prejudiced thereby. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Subject to <U>Section</U><U></U><U>&nbsp;9.9(c)</U>, (i) Seller shall have the
exclusive right to control the conduct and settlement of all Applicable Tax Contests relating to Taxes for which Seller could be solely liable under <U>Section</U><U></U><U>&nbsp;9.1</U> if a claim for such Taxes were made; <U>provided</U> that
Seller shall in no event be liable for and therefore have no right to control the conduct and settlement of any Applicable Tax Contest described in clause (ii)(A) below, and (ii)&nbsp;Buyer shall have the exclusive right to control the conduct and
settlement of all Applicable Tax Contests (A)&nbsp;relating to any Tax period beginning after the Closing Date with respect to the Transferred Assets, the Assumed Liabilities, the Business, the Transferred Equity Interests or the transferred
Entities, or (B)&nbsp;relating to Taxes for which Buyer could be solely liable under <U>Section</U><U></U><U>&nbsp;9.1</U> if a claim for such Taxes were made. Each party that controls the conduct of an Applicable Tax Contest pursuant to this
<U>Section</U><U></U><U>&nbsp;9.9(b)</U> shall keep the other party reasonably informed of the status of, and any developments in, such Applicable Tax Contest. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) Buyer and Seller shall have the right to control jointly the conduct and settlement of any Applicable Tax Contest (A)&nbsp;described in
<U>Section</U><U></U><U>&nbsp;2.6(d)</U> or (B)&nbsp;relating to Taxes for which both Buyer and Seller could be liable under <U>Section</U><U></U><U>&nbsp;9.1</U> if a claim for such Taxes were made; <U>provided</U> that (x)&nbsp;the parties shall
cooperate, and shall cause their respective Affiliates to cooperate, in the conduct or settlement of any such Applicable Tax Contest and (y)&nbsp;neither party shall enter into (or agree to enter into) any compromise or settlement of any such
Applicable Tax Contest without the prior written consent of such other party (which consent shall not be unreasonably withheld, conditioned or delayed). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;9.10 <U>Refunds and Post-Closing Actions</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Subject to <U>Section</U><U></U><U>&nbsp;9.10(b)</U>, any party that receives or becomes entitled to (or whose Affiliate receives or
becomes entitled to) any refund, credit or offset of or arising in connection with Taxes for which the other party would be liable under <U>Section</U><U></U><U>&nbsp;9.1</U> (a &#147;<U>Refund Recipient</U>&#148;) shall pay to the other party the
entire amount of such refund, credit or offset (including any interest from, but net of any Taxes imposed by, a Taxing Authority with respect to such refund, credit or offset)&nbsp;(i) in the case of a refund, no more than thirty (30)&nbsp;Business
Days after receiving such refund and (ii)&nbsp;in the case of a credit or offset, no more than thirty (30)&nbsp;Business Days after the filing of the Tax Return utilizing such credit or offset; <U>provided</U> that if such Refund Recipient is
required to repay to the relevant Taxing Authority such refund, credit or offset, the other party shall, upon the request of such Refund Recipient, repay the amount previously paid to such other party pursuant to this
<U>Section</U><U></U><U>&nbsp;9.10(a)</U> in respect of such refund, credit or offset (plus any penalties, interest or other charges imposed by the relevant Taxing Authority). For the avoidance of doubt, the amount of any refund, credit or offset of
or arising in </P>
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connection with Taxes (including interest, but net of any Taxes imposed with respect to such refund, credit or offset) that relates to Taxes for a Straddle Period shall be prorated based upon the
principles of <U>Section</U><U></U><U>&nbsp;9.6</U>, taking into account the type of Tax to which such refund, credit or offset relates. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Except as otherwise required by applicable Law, Buyer shall not, and shall cause its Affiliates not to, (i)&nbsp;make or change any Tax
election of the Transferred Entities or related to the Transferred Assets, the Assumed Liabilities or the Business for a <FONT STYLE="white-space:nowrap">Pre-Closing</FONT> Tax Period or Straddle Period, except to the extent permitted by
<U>Section</U><U></U><U>&nbsp;9.8(d)</U>, (ii)&nbsp;amend, refile or otherwise modify (or grant an extension of any applicable statute of limitations with respect to) any Seller-Signed Tax Return, Buyer-Signed Tax Return or Straddle Period Tax
Return or (iii)&nbsp;carry back any Tax Attribute of any of the Transferred Entities from a Tax period ending after the Closing Date to any <FONT STYLE="white-space:nowrap">Pre-Closing</FONT> Tax Period, in each case, without Seller&#146;s prior
written consent (which consent shall not be unreasonably withheld, conditioned or delayed). If Buyer or any of its Affiliates does carry back a Tax Attribute to a <FONT STYLE="white-space:nowrap">Pre-Closing</FONT> Tax Period, then (x)&nbsp;no
payment with respect to such carryback shall be due to Buyer or any of its Affiliates from Seller or any of its Affiliates and (y)&nbsp;if Buyer or any of its Affiliates receives any refund, credit or offset of any Taxes in connection with such
carryback, Buyer shall promptly pay to Seller the full amount of such refund or the economic benefit of the credit or offset (including interest, but net of any Taxes imposed with respect to such refund). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) Buyer shall not make, and shall cause its Affiliates not to make, any election under Section&nbsp;338(g) of the Code (a &#147;<U>338(g)
Election</U>&#148;) with respect to the acquisition of any Transferred Entity pursuant to this Agreement and the Ancillary Agreements without obtaining Seller&#146;s prior written consent; <U>provided</U>, <U>however</U>, that if (i)&nbsp;Buyer
requests in writing to make a 338(g) Election with respect to a Transferred Entity and (ii)&nbsp;Seller consents to such 338(g) Election (which consent shall not be unreasonably withheld, conditioned or delayed), then Buyer shall make such 338(g)
Election in the manner agreed by Seller. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) Except as otherwise required by applicable Law, Buyer shall prevent Ash B CIS 21 Limited,
which is a Bermuda corporation and is a &#147;controlled foreign corporation&#148; (within the meaning of Section&nbsp;957(a) of the Code), as determined immediately prior to the Closing, from (i)&nbsp;making distributions (whether actual or deemed
for Tax purposes) of cash or any other property to any of such Transferred Entity&#146;s direct or indirect owners and (ii)&nbsp;taking any action that would reasonably be expected to constitute an &#147;investment in United States property&#148;
(within the meaning of Section&nbsp;956 of the Code and the Treasury Regulations promulgated thereunder), in each case during such Transferred Entity&#146;s U.S. federal income Tax period during which the Closing occurs. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;9.11 <U>Like-Kind Exchange.</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) If Seller notifies Buyer of its desire for the transfer of all or a specified portion of the Transferred Real Property located in the
United States to qualify as a Like-Kind Exchange (the &#147;<U>Like-Kind Assets</U>&#148;) and Buyer consents in writing to such Like-Kind Exchange (which consent shall not be unreasonably withheld, conditioned or delayed), then the parties shall
(i)&nbsp;cooperate in good faith to structure such transfer such that it qualifies, to the greatest extent possible, as a Like-Kind Exchange and (ii)&nbsp;enter into such other agreements, and make </P>
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such modifications to this Agreement, as are reasonably necessary to meet the requirements of Section&nbsp;1031 of the Code and the Treasury Regulations promulgated thereunder; <U>provided</U> in
each case that (x)&nbsp;none of the representations, warranties, covenants, indemnification obligations or other agreements of the parties hereto shall be affected by such structuring and modifications, (y)&nbsp;neither of the parties shall be
required, in connection with such structuring and modifications, to make any representations or warranties, assume any Liabilities, acquire title to any property to which it would not otherwise acquire title in connection with the Acquisition or, in
the case of Buyer, incur any unreimbursed <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">out-of-pocket</FONT></FONT> costs and expenses (in each case, for the avoidance of doubt, that the relevant party will not otherwise make,
assume, acquire or incur, but for this <U>Section</U><U></U><U>&nbsp;9.11</U>) and (z)&nbsp;neither of the parties shall have any right to delay or postpone the closing of such transfer for the principal purpose of facilitating such transfer&#146;s
qualification as a Like-Kind Exchange. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Notwithstanding any other provision of this Agreement, (i)&nbsp;the provisions of this
<U>Section</U><U></U><U>&nbsp;9.11</U> shall survive the Closing without limitation and (ii)&nbsp;in the event of any conflict between this <U>Section</U><U></U><U>&nbsp;9.11</U> and the terms and conditions of any agreement entered into by the
parties in connection with the transfer of Like-Kind Assets, the terms and conditions of such other agreement shall control to the extent of such conflict. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE X </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>INDEMNIFICATION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;10.1 <U>Survival</U>. The Fundamental Representations shall survive the Closing until the date that is six (6)&nbsp;years
following the Closing Date and then shall expire and be of no force or effect. All other representations and warranties contained in this Agreement and the covenants contained in this Agreement requiring performance prior to Closing shall survive
the Closing until the date that is twelve (12)&nbsp;months following the Closing Date, and shall then expire and be of no force or effect; <U>provided</U>, <U>however</U>, that the representations and warranties contained in
<U>Section</U><U></U><U>&nbsp;5.17</U> (Taxes) shall not survive the Closing for any purpose and thereafter shall expire and be of no force and effect. The other covenants contained in this Agreement shall survive the Closing Date in accordance with
their terms or, if no term is provided, twelve (12)&nbsp;months following the Closing Date and then shall expire and be of no force or effect; <U>provided</U> that (a)&nbsp;the covenants set forth in <U>Sections 7.5</U>, <U>7.7,</U> <U>7.8</U> and
<U>7.18</U> shall survive for ten (10)&nbsp;years following the Closing Date and then shall expire and be of no force or effect, (b)&nbsp;the <FONT STYLE="white-space:nowrap">Pre-Closing</FONT> Tax Indemnity and the Tax Covenants shall survive until
the expiration of the applicable statute of limitations plus thirty (30)&nbsp;days and then shall expire and be of no force or effect, and (c)&nbsp;this <U>Article X</U> shall survive the Closing indefinitely. To the extent that a Claim for
indemnification has been made pursuant to this <U>Article X</U> prior to the expiration of the applicable survival period pursuant to this <U>Section</U><U></U><U>&nbsp;10.1</U>, then such representation and warranty or covenant, and the related
obligation to indemnify, shall survive for the purposes of such Claim until fully and finally resolved. Notwithstanding anything to the contrary set forth in this Agreement, none of the limitations or exceptions set forth in this <U>Article X</U>,
including any period of survival set forth herein, shall in any way limit or modify the ability of the Buyer Indemnitees to make claims under or recover under the R&amp;W Insurance Policy. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;10.2 <U>Indemnification by Seller</U>. Subject to the limitations set forth in this Agreement, Seller shall indemnify and hold
harmless Buyer and its directors, officers, </P>
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employees, Affiliates (including the Transferred Entities after the Closing), agents and representatives (collectively, the &#147;<U>Buyer Indemnitees</U>&#148;) against and from any and all
Losses which any Buyer Indemnitee may incur or suffer at any time after the Closing to the extent such Losses arise out of or result from (a)&nbsp;the breach of any representation or warranty made by any Selling Corporation in this Agreement,
(b)&nbsp;the breach of any covenant or agreement made by any Selling Corporation in this Agreement requiring performance prior to Closing, (c)&nbsp;the breach of any other covenant or agreement made by any Selling Corporation in this Agreement,
(d)&nbsp;any of the Excluded Liabilities, and (e)&nbsp;the <FONT STYLE="white-space:nowrap">Pre-Closing</FONT> Tax Indemnity. Notwithstanding that a Claim for Losses may fall into multiple categories of this <U>Section</U><U></U><U>&nbsp;10.2</U>, a
Buyer Indemnitee may recover such Losses one time only. Buyer shall, and shall cause the other Buyer Indemnitees to use reasonable best efforts to mitigate any Losses upon becoming aware of any event that would reasonably be expected to, or does,
give rise thereto, and no Buyer Indemnitee shall be entitled to indemnification for that portion of such Losses that is caused by the Buyer Indemnitee&#146;s failure to comply with its mitigation obligations under this
<U>Section</U><U></U><U>&nbsp;10.2</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;10.3 <U>Indemnification by Buyer</U>. Buyer shall indemnify and hold harmless Seller
and its directors, officers, employees, Affiliates, agents and Representatives (collectively, the &#147;<U>Seller Indemnitees</U>&#148;) against and from any and all Losses which any Seller Indemnitees may incur or suffer at any time after the
Closing to the extent such Losses arise out of or result from (a)&nbsp;the breach of any representation or warranty made by Buyer or any Buyer Corporation in this Agreement, (b)&nbsp;the breach of any covenant or agreement made by Buyer or any Buyer
Corporation in this Agreement requiring performance prior to the Closing, (c)&nbsp;the breach of any other covenant or agreement made by Buyer or any Buyer Corporation in this Agreement or (d)&nbsp;any of the Assumed Liabilities. Notwithstanding
that a Claim for Losses may fall into multiple categories of this <U>Section</U><U></U><U>&nbsp;10.3</U>, a Seller Indemnitee may recover such Losses one time only. Seller shall, and shall cause the other Seller Indemnitees to use reasonable best
efforts to mitigate any Losses upon becoming aware of any event that would reasonably be expected to, or does, give rise thereto. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;10.4 <U>Scope of Seller</U><U>&#146;</U><U>s Liability</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Notwithstanding any other provision of this Agreement to the contrary, from and after the Closing, except for Claims arising from fraud or
breaches of the Fundamental Representations, the Retention and the R&amp;W Insurance Policy shall be the sole and exclusive source of funds for the satisfaction of all Claims of the Buyer Indemnitees that are subject to indemnification under
<U>Section</U><U></U><U>&nbsp;10.2(a)</U> hereunder, and, from and after the Closing, recourse to the Retention and the R&amp;W Insurance Policy shall be the sole and exclusive remedies for the Buyer Indemnitees for breach of this Agreement with
respect to, or any Claim based in whole or in part on, or directly or indirectly related to, any of Seller&#146;s representations and warranties (other than Claims arising from fraud or breaches of the Fundamental Representations) in connection with
the transactions contemplated by this Agreement. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Indemnification shall be available to Buyer Indemnitees under
<U>Section</U><U></U><U>&nbsp;10.2(a)</U> with respect to breaches of representations and warranties (other than Claims arising from fraud or breaches of the Fundamental Representations) only to the extent the aggregate amount of Losses otherwise
due to Buyer Indemnitees for all Claims for such indemnification exceeds U.S.$ 4,125,000 (the &#147;<U>Basket</U>&#148;) and then indemnification shall be available to Buyer </P>
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Indemnitees from Seller for the amount of all payments due to Buyer Indemnitees up to the Retention and thereafter the Buyer Indemnitees sole recourse for the amount of all payments due to Buyer
Indemnitees shall be the R&amp;W Insurance Policy. Buyer Indemnitees shall have no right to indemnification under <U>Section</U><U></U><U>&nbsp;10.2(a)</U> with respect to breaches of representations and warranties (other than Claims arising from
fraud or breaches of the Fundamental Representations) for any individual item where the Losses relating thereto are less than U.S.$500,000 and such Losses shall not be taken into account in determining whether the Basket has been reached. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) With respect to Claims arising from breaches of the Fundamental Representations pursuant to <U>Section</U><U></U><U>&nbsp;10.2(a)</U> and
the <FONT STYLE="white-space:nowrap">Pre-Closing</FONT> Tax Indemnity pursuant to <U>Sections 9.1(a)</U> and <U>10.2(e)</U>, indemnification shall be available to the Buyer Indemnitees from Seller for the amount of all payments due to Buyer
Indemnitees up to the entire amount of the retention due under the R&amp;W Insurance Policy, then indemnification shall be available to the Buyer Indemnities from the R&amp;W Insurance Policy, to the extent coverage is available thereunder, and then
indemnification shall be available to the Buyer Indemnities from Seller; <U>provided</U> that Seller shall only be liable for Losses, other than the amount of the retention due under the R&amp;W Insurance Policy, in excess of the total amounts paid
to Buyer under the R&amp;W Insurance Policy with respect to such Claims. Notwithstanding anything else in this <U>Article X</U>, Seller&#146;s maximum Liability with respect to indemnification of the Buyer Indemnitees (i)&nbsp;for breaches of the
Fundamental Representations pursuant to <U>Section</U><U></U><U>&nbsp;10.2(a)</U>, and the <FONT STYLE="white-space:nowrap">Pre-Closing</FONT> Tax Indemnity pursuant to <U>Section</U><U></U><U>&nbsp;9.1(a)</U> and
<U>Section</U><U></U><U>&nbsp;10.2(e)</U> shall be an amount equal to the amount of the Purchase Price actually received by Seller (together with its designated Affiliates pursuant to <U>Section</U><U></U><U>&nbsp;2.2(a)</U>) <U>minus</U> the
amounts paid to Buyer pursuant to the R&amp;W Insurance Policy and (ii)&nbsp;for breaches of covenants or agreements pursuant to <U>Sections 10.2(b) and (c)</U>&nbsp;shall be an amount equal to the amount of the Purchase Price actually received by
Seller (together with its designated Affiliates pursuant to <U>Section</U><U></U><U>&nbsp;2.2(a)</U>). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) Prior to pursuing any Claim
against Seller (other than for the amount of the retention due under the R&amp;W Insurance Policy) arising from breaches of the Fundamental Representations pursuant to <U>Section</U><U></U><U>&nbsp;10.2(a)</U> and the
<FONT STYLE="white-space:nowrap">Pre-Closing</FONT> Tax Indemnity pursuant to <U>Sections 9.1(a)</U> and <U>10.2(e)</U>, Buyer shall, on behalf of itself and all other applicable Buyer Indemnitees, use reasonable best efforts to recover any such
Losses which may be available with respect to the fact or matter underlying such Claim under the R&amp;W Insurance Policy before making any Claim against Seller hereunder. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) Notwithstanding anything to the contrary contained in this <U>Section</U><U></U><U>&nbsp;10.4</U>, none of the limitations set forth in
<U>Sections 10.4(a)</U> through <U>Section</U><U></U><U>&nbsp;10.4(d)</U> shall apply with respect to Losses (and such Losses shall not be taken into account in determining the Basket or any cap)&nbsp;(i) in respect of any of the Excluded
Liabilities and Seller&#146;s responsibility therefor or (ii)&nbsp;in respect of any claim for fraud or injunctive or provisional relief (including specific performance). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f) In no event shall Seller be obligated to indemnify any Buyer Indemnitee with respect to any matter to the extent that such matter was
reflected in the calculation of the adjustments to the Purchase Price, if any, pursuant to <U>Sections 2.3</U> or <U>2.4</U>. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(g) For purposes of determining the amount of any Loss in respect of the failure of any
representation or warranty to be true and correct as of any particular date, any standard or qualification as to &#147;materiality&#148; or &#147;Material Adverse Effect&#148; in such representation or warranty shall be disregarded. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;10.5 <U>Claims</U>. Any Buyer Indemnitee or Seller Indemnitee claiming it may be entitled to indemnification under this
<U>Article</U><U></U><U>&nbsp;X</U> (the &#147;<U>Indemnified Party</U>&#148;) shall give prompt written notice to the other party (the &#147;<U>Indemnifying Party</U>&#148;) of each matter, action, cause of action, claim, demand, fact or other
circumstances upon which a claim for indemnification (a &#147;<U>Claim</U>&#148;) hereunder may be based. Such notice shall contain, with respect to each Claim, such facts and information as are then reasonably available, including the estimated
amount of Losses and the specific basis for indemnification hereunder. Failure to give prompt notice of a Claim hereunder shall not affect the Indemnifying Party&#146;s obligations hereunder, except to the extent the Indemnifying Party is prejudiced
by such failure. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;10.6 <U>Defense of Actions</U>. The Indemnified Party shall permit the Indemnifying Party, at the
Indemnifying Party&#146;s option and expense, to assume the complete defense of any Claim based on any action, suit, Proceeding, claim, demand or assessment by any third party with full authority to conduct such defense and to settle or otherwise
dispose of the same and the Indemnified Party will fully cooperate in such defense; <U>provided</U> that the Indemnifying Party will not, in defense of any such action, suit, Proceeding, claim, demand or assessment, except with the consent of the
Indemnified Party (which consent will not be unreasonably withheld, conditioned or delayed), consent to the entry of any Order or enter into any settlement (a)&nbsp;which provides for any relief other than the payment of monetary damages and/or
(b)&nbsp;which does not include as an unconditional term thereof the giving by the third party claimant to the Indemnified Party of a release from all Liability in respect thereof. After notice to the Indemnified Party of the Indemnifying
Party&#146;s election to assume the defense of such action, suit, Proceeding, claim, demand or assessment, the Indemnifying Party shall be liable to the Indemnified Party only for such legal or other expenses subsequently incurred by the Indemnified
Party in connection with the defense thereof at the written request of the Indemnifying Party. As to those third party actions, suits, Proceedings, claims, demands or assessments with respect to which the Indemnifying Party does not elect to assume
control of the defense, the Indemnified Party will afford the Indemnifying Party an opportunity to participate in such defense, at its cost and expense, and will consult with the Indemnifying Party prior to settling or otherwise disposing of any of
the same. The Indemnified Party will not settle any Claim without the prior consent of the Indemnifying Party, such consent not to be unreasonably withheld, conditioned or delayed. The election of the Indemnifying Party to assume the defense or
prosecution of a Claim will not be deemed an admission by the Indemnifying Party that the claims made in the Claim are within the scope of or subject to indemnification under this Agreement. The parties shall cooperate in the defense or prosecution
of any third party Claim, with such cooperation to include (x)&nbsp;the retention and, upon the Indemnifying Party&#146;s request, the provision to the Indemnifying Party of records and information that are reasonably relevant to such third party
Claim, and (y)&nbsp;the making available of employees on a mutually convenient basis for providing additional information and explanation of any material provided hereunder. This <U>Section</U><U></U><U>&nbsp;10.6</U> shall not apply to any
Applicable Tax Contest, which shall be governed by <U>Section</U><U></U><U>&nbsp;9.9</U>. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;10.7 <U>Limitation, Exclusivity</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) No Claim with respect to a representation, warranty or covenant shall be made or have any validity unless the Indemnified Party shall have
given written notice of such Claim to the Indemnifying Party prior to the date set forth in <U>Section</U><U></U><U>&nbsp;10.1</U> for such representation, warranty or covenant to expire. Other than (i)&nbsp;any dispute under
<U>Section</U><U></U><U>&nbsp;2.3</U> that is required to be decided by the Accounting Firm, (ii)&nbsp;any dispute under <U>Section</U><U></U><U>&nbsp;2.4</U> that is required to be decided by the Actuary, (iii)&nbsp;as expressly provided in this
<U>Section</U><U></U><U>&nbsp;10.7</U> regarding fraud and injunctive and provisional relief (including specific performance) if the Closing occurs (iv)&nbsp;as expressly provided in any Ancillary Agreement, and (v)&nbsp;pursuant to the R&amp;W
Insurance Policy, this <U>Article</U><U></U><U>&nbsp;X</U> provides the exclusive means by which a party may assert and remedy any and all Claims, and <U>Section</U><U></U><U>&nbsp;12.11</U> provides the exclusive means by which a party may bring
actions, in each case, against the other party (or any of its Affiliates) under or with respect to this Agreement or the transactions contemplated herein or therein. Except for injunctive and provisional relief (including specific performance) if
the Closing occurs and except as expressly provided in any Ancillary Agreement, each party hereby waives and releases any other remedies or claims that it may have against the other party (or any of its Affiliates) with respect to the matters
arising out of or in connection with this Agreement or the transactions contemplated herein or therein or relating to the Transferred Assets, the Excluded Assets, the Transferred Equity Interests, the Transferred Entities, the Assumed Liabilities
and the Excluded Liabilities (including, <U>inter</U> <U>alia</U>, any rights of contribution or recovery under CERCLA or other Environmental Law) except that nothing in this Agreement shall limit the Liability of any party hereto for fraud. With
respect to any Losses or other Liabilities arising under this Agreement, Buyer agrees that it shall only seek such Losses and Liabilities from Seller, and Buyer hereby waives the right to seek Losses or other Liabilities from or equitable remedies,
such as injunctive relief, against any Affiliate of Seller or any director, officer or employee of Seller (or any of its Affiliates). If an Indemnified Party is indemnified for any Losses pursuant to this Agreement with respect to any Claim by a
third party (other than the R&amp;W Policy), then the appropriate Indemnifying Party will be subrogated to all rights and remedies of the Indemnified Party against such third party, and such Indemnified Party will reasonably cooperate with and
assist the Indemnifying Party in asserting all such rights and remedies against such third party. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Notwithstanding any other provision
herein, </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i) Seller shall have no Liability for any Loss under <U>Section</U><U></U><U>&nbsp;10.2</U> relating to breach of the
representations and warranties in <U>Section</U><U></U><U>&nbsp;5.14</U> or <U>5.16</U> or otherwise with respect to any Environmental Liability (collectively, any &#147;<U>Environmental Loss</U>&#148;) if the cost, obligation, event, circumstance
or condition that gave rise to such Environmental Loss (A)&nbsp;is the result of any sampling, testing or investigation conducted after the Closing Date, except to the extent any such sampling, testing or investigation was required by Environmental
Law or required to respond to an unsolicited inquiry, request, claim, Order, or demand by a Governmental Authority or if reasonably necessary to assess environmental, health or safety concerns evident from circumstances arising during the ordinary
course of repair, maintenance or operation of the Business; (B)&nbsp;is the result of a change in use of any Business Real Property after the Closing; (C)&nbsp;arises out of or results from a change in any Environmental Law after the Closing Date;
(D)&nbsp;to the extent the cost of such Environmental Loss is increased due to an act or omission by Buyer Indemnitee, its Affiliates, agents, contractors or subcontractors; (E)&nbsp;results </P>
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from any failure to minimize costs and risks in a lowest cost commercially reasonable manner that is allowed under applicable Environmental Law; (F)&nbsp;relates to the removal or abatement of
asbestos or asbestos-containing materials or lead-based paint located on or in structural components of the Business Real Property, the Transferred Tangible Personal Property or the tangible personal property of any Transferred Entity; or
(G)&nbsp;is compensable by any third party (including insurance companies). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii) Seller shall direct and control all discussions,
negotiations and Proceedings with or before Governmental Authorities or third parties with respect to any Environmental Loss that is subject to indemnification under <U>Section</U><U></U><U>&nbsp;10.2</U>, including the right, after notice to and
consultation with Buyer, to settle or otherwise resolve any matter giving rise to or forming part of such Environmental Loss, including the placement of engineering or institutional controls, such as use or deed restrictions; <U>provided</U> that
Seller may not enter into any such settlement or resolution, including any use or deed restriction, that would materially adversely affect Buyer&#146;s operation of the Business or the subject property as existing on the Closing Date without the
prior written consent of Buyer, which consent will not unreasonably be withheld, delayed or conditioned. Buyer may, at its cost and expense, participate in all discussions, negotiations or Proceedings with or before Governmental Authorities or third
parties with respect to any such Environmental Loss. Notwithstanding any other provision herein, Buyer hereby grants to Seller and its consultants an irrevocable and fully <FONT STYLE="white-space:nowrap">paid-up</FONT> license to enter upon, access
and use the Business Real Property, the Transferred Tangible Personal Property and the tangible personal property of any Transferred Entity in order to meet its obligations with respect to any Environmental Loss that is subject to indemnification
under <U>Section</U><U></U><U>&nbsp;10.2</U>; <U>provided</U> that, Seller shall conduct any assessment, remediation, response, removal, corrective or monitoring activities in a manner that does not unreasonably interfere with the ongoing operations
or conduct of the Business, unless mandated to do so by a Governmental Authority. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;10.8 <U>Calculation of Damages</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Each Indemnified Party and Indemnified Tax Party shall use its reasonable best efforts to obtain all insurance proceeds (including proceeds
under the R&amp;W Insurance Policy) or other payments from third parties. The amount of Loss for which each Indemnified Party may be entitled to seek indemnification under this Agreement, and the amount of Taxes for which each Indemnified Tax Party
may be entitled to seek indemnification under this Agreement, will be reduced by the amount of (x)&nbsp;any insurance proceeds (including proceeds under the R&amp;W Insurance Policy), or other payment from a third party actually received, realized
or retained by the Indemnified Party or any of its Affiliates (or by the Indemnified Tax Party or any of its Affiliates) with respect to such Loss (or Taxes), less the amount of any expenses incurred by it in procuring such recovery and (y)&nbsp;any
net Tax benefit arising from the incurrence or payment of such Loss (or Taxes) actually realized by the Indemnified Party or any of its Affiliates (or by the Indemnified Tax Party or any of its Affiliates) during the Post-Closing Tax Period prior to
the incurrence or payment of such Loss (or Taxes), or the year of such incurrence or payment of such Loss (or Taxes). In computing the amount of any such Tax benefit, (i)&nbsp;each Indemnified Party and Indemnified Tax Party shall be deemed to
recognize all other items of income, gain, loss, deduction or credit before recognizing any item arising from the incurrence or payment of any indemnified Loss or indemnified Taxes and (ii)&nbsp;an Indemnified Party or an Indemnified Tax Party shall
be deemed to have &#147;actually realized&#148; a net Tax benefit </P>
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to the extent that, and at such time as, the amount of cash Taxes payable by such Indemnified Party or Indemnified Tax Party is actually reduced below the amount of cash Taxes that such
Indemnified Party would be required to pay but for the incurrence or payment of such Loss (or Taxes), in each case, as determined by the Indemnified Party or the Indemnified Tax Party in good faith. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) If the Indemnified Party, after having received any indemnification payment pursuant to this Agreement with respect to a Loss, subsequently
receives or realizes any insurance proceeds (including proceeds under the R&amp;W Insurance Policy), or other payment, such Person will promptly refund and pay to the Indemnifying Party an amount equal to such insurance proceeds (including proceeds
under the R&amp;W Insurance Policy), or payment (after deducting therefrom the amount of any expenses incurred by it in procuring such recovery, to the extent such Indemnified Party did not already receive payment for such expenses from the
Indemnifying Party), but not in excess of any amount previously paid by or on behalf of the Indemnifying Party to or on behalf of the Indemnified Party in respect of such matter. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;10.9 <U>Apportionment of Damages</U>. In the event that a Loss is caused in part by circumstances that would give rise to the
Seller&#146;s obligation to indemnify under <U>Section</U><U></U><U>&nbsp;10.2</U> and in part by circumstances that would give rise to the Buyer&#146;s obligation to indemnify under <U>Section</U><U></U><U>&nbsp;10.3</U>, the parties shall
indemnify each other in proportion to their respective shares of responsibility. In such an instance the party with the largest share of responsibility shall be treated as the Indemnifying Party for the purposes of
<U>Section</U><U></U><U>&nbsp;10.6</U>, with the costs of defense being shared proportionately. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE XI </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TERMINATION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;11.1 <U>Termination Events</U>. Notwithstanding anything to the contrary in this Agreement, this Agreement may be terminated and
the Acquisition abandoned at any time prior to the Closing: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) by mutual written consent of Seller and Buyer; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) by Seller if (i)&nbsp;any of the conditions set forth in <U>Section</U><U></U><U>&nbsp;4.3</U> shall have become incapable of fulfillment
and shall not have been waived by Seller, (ii)&nbsp;forty-five (45)&nbsp;days have elapsed since the receipt by Buyer of a written notice from Seller of such incapability and (iii)&nbsp;within such forty-five (45)&nbsp;day period such condition
shall not have become capable of fulfillment; <U>provided</U> that Seller is not otherwise in breach or default of any provision of this Agreement so as to cause any of the conditions set forth in <U>Section</U><U></U><U>&nbsp;4.3</U> not to be
satisfied; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) by Buyer if (i)&nbsp;any of the conditions set forth in <U>Section</U><U></U><U>&nbsp;4.2</U> shall have become incapable
of fulfillment and shall not have been waived by Buyer, (ii)&nbsp;forty-five (45)&nbsp;days have elapsed since the receipt by Seller of a written notice from Buyer of such incapability and (iii)&nbsp;within such forty-five (45)&nbsp;day period such
condition shall not have become capable of fulfillment; <U>provided</U> that Buyer is not otherwise in breach or default of any provision of this Agreement so as to cause any of the conditions set forth in <U>Section</U><U></U><U>&nbsp;4.2</U> not
to be satisfied; or </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) by either Seller or Buyer if the Closing has not occurred (other than through the
failure of any party seeking to terminate this Agreement to comply fully with its obligations under this Agreement) on or before September&nbsp;10, 2019, or such later date as the parties may agree upon in writing. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;11.2 <U>Effect of Termination</U>. If this Agreement is terminated pursuant to <U>Section</U><U></U><U>&nbsp;11.1</U>, all
obligations of the parties under this Agreement will terminate and it will become void and of no further force or effect, except that the Affiliate Guarantee and the obligations in <U>Sections 7.1(a)</U> with respect to confidentiality, <U>11.2</U>,
<U>12.7</U>, <U>12.8</U>, <U>12.9</U>, <U>12.10</U> and <U>12.11</U> will survive; <U>provided</U>, <U>however</U>, that if this Agreement is terminated by a party because of the breach of this Agreement by another party of any of its covenants or
obligations contained in this Agreement, or because one or more of the conditions to the terminating party&#146;s obligations under this Agreement is not satisfied as a result of the other party&#146;s failure to comply with its covenant or
obligations contained in this Agreement, then the terminating party&#146;s right to pursue all legal and equitable remedies will survive such termination unimpaired and nothing in this <U>Section</U><U></U><U>&nbsp;11.2</U> shall be deemed to
release any party from any Liability for any breach by such party of the terms, conditions, covenants and other provisions of this Agreement. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE XII </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>MISCELLANEOUS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;12.1 <U>Notices</U>. All notices, requests, consents, directions, instruments or other communications hereunder shall be deemed
to have been duly given and made if in writing and if served by personal delivery upon the party for whom it is intended, if delivered by certified mail, return receipt requested, or by an internationally recognized courier service, or if sent by
email transmission, provided that the receipt of such email is acknowledged by a read receipt or the applicable recipient) at the address set forth below, or such other address as may be designated in writing hereafter, in the same manner, by such
Person: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">if to Seller or any of its Affiliates:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ashland Global Holdings Inc.</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">50 East
RiverCenter Boulevard</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Covington, Kentucky USA 41012</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Telephone: <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">859-815-3333</FONT></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Email: <U>Corporate_law@ashland.com</U></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Attention: General
Counsel</P></TD></TR>
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<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">with copies (which shall not constitute notice) to:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ashland Global Holdings Inc.</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">50 East
RiverCenter Boulevard</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Covington, Kentucky USA 41012</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Telephone: <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">859-815-3333</FONT></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Email: <U>Corporate_law@ashland.com</U></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Attention: Deputy General
Counsel&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
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<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">and</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Squire Patton Boggs (US) LLP</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">30 Rockefeller Plaza</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">New York, New York 10112</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Email: carolyn.buller@squirepb.com</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Attention: Carolyn J. Buller</P></TD></TR>
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<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">if to Buyer or any of its Affiliates:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Juliet Lewis</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Head of Legal &#150; INEOS Enterprises</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Avenue des Uttins 3</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">1180 Rolle</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Switzerland</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Email: &nbsp;&nbsp;&nbsp;&nbsp;<U>juliet.lewis@ineos.com</U></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Attention: Juliet Lewis</P></TD></TR>
<TR STYLE="font-size:1pt">
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<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">with a copy to:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">DLA Piper LLP (US)</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">444 W. Lake Street, Suite 900</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Chicago, IL 60606</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Telephone: (312) <FONT STYLE="white-space:nowrap">368-3417</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Email: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;gregory.grossman@dlapiper.com</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Attention: Gregory Grossman</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;12.2 <U>Amendment; Waiver</U>. Any provision of this Agreement may be amended or waived if, and
only if, such amendment or waiver is in writing and signed, in the case of an amendment, by Buyer and Seller or, in the case of a waiver, by the party against whom the waiver is to be effective. No failure or delay by any party in exercising any
right, power or privilege hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;12.3 <U>Assignment</U>. No party to this Agreement may assign any of its rights or obligations under this Agreement, including by
sale of stock or by operation of Law in connection with a merger or sale of substantially all assets, without the prior written consent of the other party hereto, except that without such consent, Buyer may assign its rights to purchase the
Transferred Assets and the Transferred Company Equity Interests and assume the Assumed Liabilities to one or more of its controlled Affiliates, and Seller may assign the Asset Selling Corporations&#146; and the Entity Selling Corporations&#146;
rights to sell the Transferred Assets and the Transferred Company Equity Interests hereunder to one or more of their respective Affiliates; <U>provided</U> that no such assignment by Buyer or Seller, as the case may be, shall relieve such assignor
of any of its obligations hereunder. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;12.4 <U>Entire Agreement</U>. This Agreement (including the Disclosure Letter, Annexes
and Exhibits), the Ancillary Agreements and the Affiliate Guarantee comprise the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior agreements and understandings, oral or written, with
respect to such matters, except for the Confidentiality Agreement, which will remain in full force and effect for the term provided for therein and any other written agreement of the parties that expressly provides that it is not superseded by this
Agreement. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;12.5 <U>Fulfillment of Obligations</U>. Any obligation of any party to any
other party under this Agreement, which obligation is performed, satisfied or fulfilled by an Affiliate of such party, shall be deemed to have been performed, satisfied or fulfilled by such party. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;12.6 <U>Parties in Interest</U>. This Agreement shall inure to the benefit of and be binding upon the parties hereto and their
respective successors and permitted assigns. Nothing in this Agreement, express or implied, is intended to confer upon any Person other than Buyer, Seller or their successors or permitted assigns, any rights or remedies under or by reason of this
Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;12.7 <U>Public Disclosure</U>. No communication, release or announcement to the public or to employees or others
not directly involved in the negotiation or approval of this Agreement, any Ancillary Agreement or the Acquisition shall be issued or made by any party without the prior consent of the other party (which consent shall not be unreasonably withheld,
conditioned or delayed), except as such communication, release or announcement may be required by Law or the rules or regulations of any U.S. or foreign securities exchange or similar organization, in which case the party required to make the
communication, release or announcement shall allow the other party reasonable time to comment thereon in advance of such issuance; <U>provided</U>, <U>however</U>, that each of the parties may make internal announcements to their respective
employees that are consistent with the parties&#146; prior public disclosures regarding the Acquisition after reasonable prior notice to and consultation with the other parties. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;12.8 <U>Return of Information</U>. If for any reason whatsoever the Acquisition is not consummated, Buyer shall promptly return
to Seller all books and records furnished by any Seller or any of its Affiliates or any of their respective agents, employees, or Representatives (including all copies, summaries and abstracts, if any, thereof) in accordance with the terms of the
Confidentiality Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;12.9 <U>Expenses</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Whether or not the transactions contemplated by this Agreement are consummated, except as otherwise expressly provided herein, including
this <U>Section</U><U></U><U>&nbsp;12.9</U>, each of the parties hereto shall be responsible for the payment of its or any of its Affiliates&#146; own costs and expenses incurred in connection with the negotiations leading up to and the performance
of its own obligations pursuant to this Agreement and the Ancillary Agreements, including the fees of any attorneys, accountants, brokers or advisors employed or retained by or on behalf of such party. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) The filing fees required by any Governmental Competition Authority shall be borne by Buyer. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;12.10 <U>Schedules</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) The disclosure of any matter in any Schedule to this Agreement shall expressly not be deemed to constitute an admission by any Selling
Corporation, or to otherwise imply, that any such matter is material for the purposes of this Agreement. Disclosure of any matter, fact, or circumstance in any Schedule to this Agreement shall be deemed to be disclosure thereof for purposes of any
other Schedule. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) From time to time before the Closing, Seller may (but is not required to) supplement or
amend any Schedule with respect to any matter arising or of which it becomes aware after the date of this Agreement (each a &#147;<U>Schedule Supplement</U>&#148;). Any disclosure in any such Schedule Supplement shall not be deemed to have cured any
inaccuracy in or breach of any representation or warranty contained in this Agreement, including for purposes of the indemnification or termination rights contained in this Agreement or of determining whether or not the conditions set forth in
<U>Article IV</U> have been satisfied. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;12.11 <U>Governing Law; Jurisdiction</U>. This Agreement and any and all matters,
disputes, or claims between the parties arising out of, relating to, or in accordance with its subject matter or formation (including any contractual disputes or claims), and whether purporting to be found in contract or tort or at law or in equity,
shall be governed by, enforced, and construed in accordance with the internal Laws of the State of Delaware, U.S.A., without giving effect to any choice or conflict of law provision or rule (whether of the State of Delaware, U.S.A. or any other
jurisdiction) that would cause the application of the Laws of any jurisdiction other than the State of Delaware, U.S.A. Each party irrevocably submits to the exclusive jurisdiction of the Delaware Court of Chancery or, if such court does not have
jurisdiction, any Delaware state court or United States Federal Court sitting in the State of Delaware, and any appellate court from any thereof, for the purposes of any Proceeding arising out of this Agreement and the Ancillary Agreements, or for
recognition or enforcement of any judgment, and each party irrevocably and unconditionally agrees that all claims in respect of such Proceeding may be heard in such state court or, to the extent permitted by applicable Law, in such Federal court.
Each party agrees to commence any such Proceeding either in the Delaware Court of Chancery or, if such Proceeding may not be brought in such court for jurisdictional reasons, in any Delaware state court or United States Federal court sitting in the
State of Delaware (and any appellate courts thereof). Each of Seller and Buyer further agrees that service of any process, summons, notice or document by U.S. registered mail to such party&#146;s address set forth above shall be effective service of
process for any action, suit or Proceeding in Delaware with respect to any matters to which such party has submitted to jurisdiction in this <U>Section</U><U></U><U>&nbsp;12.11</U>. Each of Seller and Buyer irrevocably and unconditionally waives any
objection to the laying of venue of Proceeding arising out of this Agreement or the Ancillary Agreements or the Acquisition, in any court referred to in the first sentence of this <U>Section</U><U></U><U>&nbsp;12.11</U> and hereby further
irrevocably and unconditionally waives and agrees not to plead or claim in any such court that any such Proceeding brought in any such court has been brought in an inconvenient forum. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;12.12 <U>Counterparts</U>. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original,
and all of which shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page of this Agreement by facsimile, <FONT STYLE="white-space:nowrap">e-mail</FONT> or other electronic imaging means shall be effective
as delivery of a manually executed counterpart of this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;12.13 <U>Headings</U>. The heading references herein and
the Table of Contents hereto are for convenience purposes only, do not constitute a part of this Agreement, and shall not be deemed to limit or affect any of the provisions hereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;12.14 <U>Severability</U>. The provisions of this Agreement shall be deemed severable and the invalidity or unenforceability of
any provision shall not affect the validity or </P>
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enforceability of the other provisions hereof. If any provision of this Agreement, or the application thereof to any Person or any circumstance, is invalid or unenforceable, (a)&nbsp;a suitable
and equitable provision shall be substituted therefor in order to carry out, so far as may be valid and enforceable, the intent and purpose of such invalid or unenforceable provision, and (b)&nbsp;the remainder of this Agreement and the application
of such provision to other Persons or circumstances shall not be affected by such invalidity or unenforceability, nor shall such invalidity or unenforceability affect the validity or enforceability of such provision, or the application thereof in
any other jurisdiction. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;12.15 <U>Waiver of Jury Trial</U>. EACH PARTY HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY LAW,
ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT TO ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT, ANY ANCILLARY AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY OR THEREBY. THE SCOPE OF THIS
WAIVER IS INTENDED TO BE ALL ENCOMPASSING OF ANY AND ALL ACTIONS THAT MAY BE FILED IN ANY COURT AND THAT RELATE TO THE SUBJECT MATTER OF THIS AGREEMENT, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW AND
STATUTORY CLAIMS. EACH PARTY (A)&nbsp;CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER
AND (B)&nbsp;ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT OR ANY ANCILLARY AGREEMENT, AS APPLICABLE, BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS
<U>SECTION</U><U></U><U>&nbsp;12.15</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;12.16 <U>Specific Performance</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) The parties agree that irreparable damage would occur and that the parties would not have any adequate remedy at law if any provision of
this Agreement was not performed in accordance with its terms or was otherwise breached or threatened to be breached. It is accordingly agreed that the parties shall be entitled to equitable relief, without the proof of actual damages, including in
the form of an injunction or injunctions or orders for specific performance to prevent breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement. Such equitable relief shall be in addition to any other remedy
to which the parties hereto are entitled at law or in equity as a remedy for such nonperformance, breach or threatened breach. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Each
party agrees to (i)&nbsp;cooperate fully in any attempt by the other party in obtaining any such equitable remedy and (ii)&nbsp;waive any requirement for the security or posting of any bond in connection with any such equitable remedy. Each party
further agrees that the only permitted objection that it may raise in response to any action for equitable relief is that it contests the existence of a breach or threatened breach of the provisions of this Agreement. The rights and remedies of the
parties shall be cumulative (and not alternative). </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;12.17 <U>Legal Representation</U>. Buyer, on behalf of itself and its
Affiliates (including, after the Closing, the Transferred Entities), acknowledges and agrees that Squire Patton Boggs (US) LLP (&#147;<U>SPB</U>&#148;) may have acted as counsel for Seller or its Affiliates (including, prior to the Closing, the
Transferred Entities) in certain matters and that Seller reasonably anticipates that SPB will continue to represent them and/or such other parties (other than the Transferred Entities) in future matters. Accordingly, Buyer, on behalf of itself and
its Affiliates (including, after the Closing, the Transferred Entities), expressly: (a)&nbsp;consents to SPB&#146;s representation of Seller and its Affiliates in any post-Closing matter in which the interests of Buyer and the Transferred Entities,
on the one hand, and Seller or its Affiliates, on the other hand, are adverse, including, any matter relating thereto; and (b)&nbsp;consents to the disclosure by SPB to Seller or its Affiliates of any information learned by SPB in the course of its
representation of Seller, the Transferred Entities or their respective Affiliates. Furthermore, Buyer, on behalf of itself and its Affiliates (including, after the Closing, the Transferred Entities), irrevocably waives any right it may have to
discover or obtain information or documentation relating to the representation of Seller or its Affiliates by SPB in the Acquisition, to the extent that such information or documentation was privileged as to Seller or its Affiliates. Upon and after
the Closing, the Transferred Entities shall cease to have any attorney-client relationship with SPB, unless and to the extent SPB is specifically engaged in writing by any Transferred Entity to represent such Person after the Closing and such
engagement either (i)&nbsp;involves no conflict of interest with respect to Seller or its Affiliates or (ii)&nbsp;Seller or its Affiliates, as applicable, consent in writing at the time to such engagement. Any such representation by SPB after the
Closing shall not affect the foregoing provisions hereof. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><I>[Signature Page Follows] </I></B></P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>IN WITNESS WHEREOF</B>, the parties have executed or caused this Agreement to be executed
as of the date first written above. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
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<TD VALIGN="top" COLSPAN="3"><B>INEOS ENTERPRISES HOLDINGS LIMITED</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3"><B>ASHLAND GLOBAL HOLDINGS INC.</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
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<TD HEIGHT="16" COLSPAN="2"></TD></TR>
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<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Andrew Brown</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Peter J. Ganz</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Name: Andrew Brown</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Name: Peter J. Ganz</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Title: &nbsp;&nbsp;Chief Financial Officer</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Title: &nbsp;&nbsp;Senior Vice President, General Counsel and Secretary</TD></TR>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Annex <FONT STYLE="white-space:nowrap">A-1</FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Transferred Assets </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Transferred Assets</U>&#148; shall mean all of Seller&#146;s and the Asset Selling Corporations&#146; right, title and interest in,
to and under all the following assets of Seller and the Asset Selling Corporations as they exist at the Effective Time (except for the Excluded Assets): </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) all Inventory, Accounts Receivable, Other Current Assets and China Bank Drafts; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) the Owned Real Property and the Leased Real Property, in each case together with Seller&#146;s or the applicable Asset Selling
Corporation&#146;s right, title and interest in all buildings, structures, improvements, paved parking lots and fixtures thereon and all other appurtenances thereto (collectively, the &#147;<U>Transferred Real Property</U>&#148;); </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) all furniture, equipment, machinery and other tangible property, in each case that are (i)&nbsp;owned or leased by Seller or any Asset
Selling Corporation and used exclusively in the Business or (ii)&nbsp;located at the Transferred Real Property, except, in the case of this clause (ii), for any such items used exclusively in any business other than the Business that is conducted by
Seller or any of its Affiliates as of the Closing Date (collectively, the &#147;<U>Transferred Tangible Personal Property</U>&#148;); </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d)
(i)&nbsp;all Contracts to which Seller or any Asset Selling Corporation is a party relating exclusively to the Business or the Transferred Assets, and (ii)&nbsp;the Union Contracts (collectively, the &#147;<U>Transferred Contracts</U>&#148;); </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e)&nbsp;(i) all IP Rights owned by Seller or any of its Affiliates and used exclusively in the Business, including the IP Rights set forth on
<U>Schedule 5.10(a)</U>, including the right to sue for past and present infringement, misappropriation or violation thereof and all associated claims and damages (collectively, the &#147;<U>Transferred IP</U>&#148;) and (ii)&nbsp;all licenses to
the IP Rights used exclusively in the Business to which Seller or any of its Affiliates are a party (the &#147;<U>Transferred IP Licenses</U>&#148;); </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f) the goodwill generated by or associated with the Business; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(g) to the extent transferable, all Governmental Authorizations in effect at the time of Closing used exclusively in connection with the
operation or conduct of the Business prior to the Closing Date; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(h) the following records and files exclusively relating to the Business
and in the possession of any Selling Corporation (but excluding records or files not reasonably separable from documents or databases that do not relate exclusively to the Business): (i) vendor lists, (i)&nbsp;customer lists, (iii)&nbsp;lists of
sales representatives, (iv)&nbsp;pricing lists for the Business Products, (v)&nbsp;market research reports, marketing plans and other marketing-related information and materials, (vi)&nbsp;subject to <U>Section</U><U></U><U>&nbsp;7.10</U>,
advertising, marketing, sales and promotional materials, (vii)&nbsp;personnel records to the extent provided in <U>Article VIII</U>, (viii)&nbsp;the organizational documents, qualifications to do business as a foreign corporation, arrangements with
registered agents relating to foreign qualifications, taxpayer and other identification numbers, seals, minute books, stock transfer books, blank stock certificates and other documents relating to the
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organization, maintenance and existence of the Transferred Entities and (ix)&nbsp;other business records, to the extent such other business records are required to be transferred under applicable
Law (collectively, the &#147;<U>Transferred Records</U>&#148;); </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i) all the assets of or relating to and all rights under any Seller
Benefit Plan that is expressly required to be transferred to Buyer pursuant to <U>Article VIII</U> (the &#147;<U>Transferred Plan Assets</U>&#148;); and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(j) all other properties and assets not set forth in the foregoing clauses (a) &#150; (i) and used or held for use by Seller or any Asset
Selling Corporation (but not including any real property) (i)&nbsp;relating to the Business and located at the Transferred Real Property except any such properties or assets used exclusively in any business other than the Business that is conducted
by Seller or any of its Affiliates as of the Closing Date or (ii)&nbsp;relating exclusively to the Business and located at any location other than the Transferred Real Property. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Annex <FONT STYLE="white-space:nowrap">A-2</FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Excluded Assets </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Excluded Assets</U>&#148; shall mean all of Seller&#146;s and its Affiliates&#146; right, title and interest in, to and under all of
the following assets of Seller and its Affiliates (excluding rights, titles and interests of the Transferred Entities, which rights, titles and interests shall remain those of the Transferred Entities following the Closing): </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;(i) all Cash Equivalents, and (ii)&nbsp;all deposits for value-added or similar Taxes (including VAT) and other cash balances held to
fund Liabilities for such Taxes, in each case held on the Closing Date; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) all Tax Attributes attributable to any <FONT
STYLE="white-space:nowrap">Pre-Closing</FONT> Tax Period; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) any records and files that are not Transferred Records, including
(i)&nbsp;the personnel records maintained by Seller or any of its Affiliates, except as set forth in <U>Article VIII</U>, (ii)&nbsp;Tax Returns, (iii)&nbsp;records (including accounting records) relating to Taxes paid or payable by Seller or any of
its Affiliates and all financial and Tax records relating to the Business that form part of Seller&#146;s or any of its Affiliates&#146; general ledger or otherwise constitute accounting records, (iv)&nbsp;records prepared in connection with the
transactions contemplated by this Agreement, including bids received from other Persons and analyses relating to the Business and (v)&nbsp;file copies of the Transferred Records retained by Seller, in each case whether generated before, on or after
the Closing Date; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) all shares of capital stock of Seller&#146;s Affiliates (other than the Transferred Equity Interests); </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) except for the Transferred Real Property and any owned real property and leasehold interests in real property owned by the Transferred
Entities on the Closing Date, each of the following: (i)&nbsp;any real property and any buildings, improvements and fixtures thereon and (ii)&nbsp;any leasehold interests, including any prepaid rent, security deposits and options to renew or
purchase in connection therewith; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f) except as required by Law and except with respect to any Transferred Plan Assets, all the assets of
and all the assets relating to and all rights under any (i)&nbsp;Retained U.S. Seller Benefit Plan, (ii)&nbsp;Retained <FONT STYLE="white-space:nowrap">Non-U.S.</FONT> Seller Pension Plan, and (iii)&nbsp;other employee compensation, pension, benefit
or welfare plan or any related Contract between any Person and Seller or any of its Affiliates; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(g) the Retained Names or any names,
marks, Domain Names and logos either alone or in combination with other words, phrases, designs, branding, marketing materials, market research, information about the usage of the foregoing and the like related to or similar to the Retained Names or
any derivations therefrom in any language (the &#147;<U>Marketing Excluded Assets</U>&#148;); </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(h) all rights under (i)&nbsp;with respect
to Seller and its Affiliates, this Agreement and the Ancillary Agreements, (ii)&nbsp;any Commingled Contracts, (iii)&nbsp;any Contracts related to shared services and systems provided by Seller or its Affiliates, other than Buyer&#146;s rights under
</P>
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the Ancillary Agreements and (iv)&nbsp;any Contracts between Seller and any of its Affiliates or between Affiliates of Seller, whether arising before, on or after the Closing Date; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i) except with respect to each insurance Contract relating to the funding or payment of benefits under any Transferred Plan Assets, all
current and prior insurance policies arranged or maintained by Seller or any of its Affiliates and all rights of any nature with respect thereto, including all rights to insurance recoveries thereunder (except to the extent such insurance recoveries
(x)&nbsp;relate to a claim asserted by Seller or any Seller Affiliate prior to the Closing Date with respect to damages suffered by Seller or its Affiliates related to the Transferred Assets or any Transferred Entity, which claim remains pending as
of the Closing, and (y)&nbsp;are subsequently received by Seller or its Affiliates following the Closing, but only to the extent that such insurance proceeds exceed the aggregate amount (if any) paid by Seller or its Affiliates prior to the Closing
Date in an effort to restore the condition of the applicable Transferred Asset or asset of a Transferred Entity (the &#147;<U>Transferred Insurance Proceeds</U>&#148;) and to assert claims with respect to any such insurance recoveries, whether
arising before, on or after the Closing Date; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(j) the organizational documents, qualifications to do business as a foreign corporation,
arrangements with registered agents relating to foreign qualifications, taxpayer and other identification numbers, seals, minute books, stock transfer books, blank stock certificates and other documents relating to the organization, maintenance and
existence of Seller and each of its Affiliates as a corporation or other entity, other than with respect to the Transferred Entities; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(k)
except for Transferred IP and IP Rights owned by the Transferred Entities on the Closing Date and subject to subsection (n)&nbsp;below, all other IP Rights; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(l) all Domain Names other than those set forth on <U>Schedule</U><U></U><U>&nbsp;5.10(a)</U>; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(m) all rights, claims and credits to the extent relating to any Excluded Asset or any Excluded Liability, whether arising before or after the
Closing; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(n) all rights, property and assets, including IP Rights, of Seller or its Affiliates located at or associated with the
Seller&#146;s and its Affiliates&#146; manufacturing facility located in Lima, Ohio; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(o) any other right or asset that is not a
Transferred Asset (other than the Transferred Company Equity Interests); and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(p) any right, property or other asset that arises out of or
relates exclusively to any Excluded Asset. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Annex <FONT STYLE="white-space:nowrap">B-1</FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Assumed Liabilities </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Assumed Liabilities</U>&#148; shall mean any and all Liabilities of the Seller or any of its Affiliates (excluding those of the
Transferred Entities, which Liabilities shall remain the Liabilities of the Transferred Entities following the Closing) to the extent arising from or in connection with the Business or any Transferred Asset, in each case, other than the Excluded
Liabilities, including the following Liabilities: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) all Accounts Payable, whether arising before, on or after the Closing Date; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) all Liabilities under or in connection with any Transferred Contract (including all Liabilities arising out of or relating to any
termination or announcement or notification of an intent to terminate any Transferred Contract), whether arising before, on or after the Closing Date; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) all Liabilities to the extent relating to, or arising out of, any Transferred Asset or Transferred Equity Interest, or arising out of or
relating to the ownership by Buyer and its Affiliates of any Transferred Asset or Transferred Equity Interest or associated with the realization of the benefits of any Transferred Asset or Transferred Equity Interest, in each case whether arising
before, on or after the Closing Date; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) all Liabilities reflected in the Price Adjustment Statement to be delivered pursuant to
<U>Section</U><U></U><U>&nbsp;2.3</U>; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) all Liabilities arising from or relating to Proceedings or other claims, regardless of when
commenced or made and irrespective of the legal theory asserted, arising from or relating to the design, manufacture, testing, advertising, marketing, distribution or sale of the Business Products, in each case, whether arising before, on or after
the Closing Date, including all Liabilities arising from or relating to (i)&nbsp;warranty obligations, (i)&nbsp;infringement, dilution, misappropriation or other violation of IP Rights, (iii)&nbsp;alleged or actual hazard or defect in design,
manufacture, materials or workmanship, including any failure to warn or disclose or alleged or actual breach of express or implied warranty or representation, (iv)&nbsp;the return after the Closing of any Business Product sold prior to or after the
Closing and (v)&nbsp;human exposure to Hazardous Materials; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f) all Environmental Liabilities to the extent arising out of or relating to
the past, present or future operation or ownership of (i)&nbsp;the Business, (ii)&nbsp;any Transferred Asset, or (iii)&nbsp;any Transferred Company Equity Interest, whether arising before, on or after the Closing Date; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(g) all Liabilities to the extent arising out of or relating to Seller, the Asset Selling Corporations and their Affiliates at any time being
the owner or occupant of, or the operator of the activities conducted at, any Transferred Real Property, in each case whether arising before, on or after the Closing Date; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(h) all Liabilities in respect of any criminal, civil or administrative Proceeding, pending or threatened, and claims, whether or not presently
asserted, to the extent arising out of, relating to or otherwise in any way in respect of the Business, the Transferred </P>
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Assets, the Transferred Equity Interests or the operation or conduct of the Business before, on or after the Closing Date; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i) all Liabilities to suppliers or other third parties, such as licensors, for materials and services, to the extent relating to the Business;
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(j) all Liabilities and obligations to customers and representatives under purchase orders for Business Products; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(k) all Liabilities to the extent arising out of or relating to any Seller Benefit Plan or any Employee that are expressly required to be
assumed pursuant to <U>Article VIII</U> or that transfer automatically to Buyer and the Buyer Corporations under applicable Law (including where assumption is required in order to effect an automatic transfer of employment under applicable Law), in
each case, whether arising before, on or after the Closing Date (collectively, the &#147;<U>Assumed Employee Liabilities</U>&#148;); </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(l)
all Liabilities for Taxes to the extent arising out of or relating to the Business or the Transferred Assets for any Post-Closing Tax Period, in each case other than (i)&nbsp;Excluded Tax Liabilities, (ii)&nbsp;Transfer Taxes and (iii)&nbsp;VAT
(such <FONT STYLE="white-space:nowrap">non-excluded</FONT> Liabilities, the &#147;<U>Assumed Tax Liabilities</U>&#148;); </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(m) all
Liabilities or Losses incurred directly by Seller that would not be Seller&#146;s obligation to indemnify if incurred directly by Buyer, because of the application of a basket or cap; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(n) other than any Excluded Liabilities, all other Liabilities of whatever kind and nature, primary or secondary, direct or indirect, whether
accrued or fixed, known or unknown, absolute or contingent, matured or unmatured or determined or determinable to the extent arising out of or relating to the operation or conduct of the Business or any Transferred Asset, or the ownership, sale or
lease of any of Transferred Asset or Transferred Equity Interest, in each case whether arising before, on or after the Closing Date. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Annex <FONT STYLE="white-space:nowrap">B-2</FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Excluded Liabilities </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Excluded Liabilities</U>&#148; shall mean the following Liabilities of the Seller and Seller Affiliates (excluding those of the
Transferred Entities (other than the Liabilities set forth in clause (d)&nbsp;below), which Liabilities shall remain the Liabilities of the Transferred Entities following the Closing): </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Liabilities to the extent arising out of or relating to any Excluded Asset or to the distribution to, or ownership by, any of the Selling
Corporations of any Excluded Asset or to the extent associated with the realization of the benefits of any Excluded Asset, whether arising before, on or after the Closing Date; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Liabilities to the extent arising out of or relating to any Seller Benefit Plan or any Employee, except for the Assumed Employee
Liabilities; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) Liabilities for Taxes (whether by reason of Treasury Regulations section <FONT STYLE="white-space:nowrap">1.1502-6</FONT>
or otherwise), including (i)&nbsp;any Indian capital gains Tax arising under Explanation 5 of section 9(1)(i) of the Indian Income Tax Act, 1961 and Taxes imposed under Bulletin of the State Administration of Taxation of the People&#146;s Republic
of China No.&nbsp;7 of 2015 titled <I>Issues of Enterprise Income Tax on Indirect Transfers of Assets by <FONT STYLE="white-space:nowrap">Non-resident</FONT> Enterprises</I> in connection with the transactions contemplated by this Agreement, and
(ii)&nbsp;all Liabilities for Taxes arising out of or relating to the Business or the Transferred Assets for all <FONT STYLE="white-space:nowrap">Pre-Closing</FONT> Tax Periods, including all <FONT STYLE="white-space:nowrap">Pre-Closing</FONT>
Restructuring Taxes, other than (A)&nbsp;Taxes arising out of any breach of any Tax Covenant made by Buyer or any Buyer Corporation, (B)&nbsp;Transfer Taxes and (C)&nbsp;VAT (such <FONT STYLE="white-space:nowrap">non-excluded</FONT> Liabilities, the
&#147;<U>Excluded Tax Liabilities</U>&#148;); and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) Legacy Liabilities. </P>
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