CONDITIONS TO CLOSING 44. Section 7.1 Conditions Precedent to Obligations of Buyer and Seller 44 Section 7.2 Conditions Precedent to Obligations of Seller 44 Section 7.3 Conditions Precedent to Obligations of Buyer 45 Section 7.4 Frustration of Closing Conditions 46 Article VIII. SURVIVAL, INDEMNIFICATION AND REMEDIES 46 Section 8.1 Survival 46 Section 8.2 Indemnification 47 Section 8.3 Method of Asserting Claims 49 Section 8.4 Limitations on Remedies; Release 51 Section 8.5 Exclusive Remedies 52 Section 8.6 Tax Characterization 53 Article IX. TERMINATION 53 Section 9.1 Termination Events 53 Section 9.2 Effect of Termination 54 Article X. MISCELLANEOUS 54 Section 10.1 Parties in Interest 54 Section 10.2 Assignment 54 Section 10.3 Notices 55 Section 10.4 Amendments and Waivers 56 Section 10.5 Exhibits and Schedules 56 Section 10.6 Headings 56 Section 10.7 Construction 56 Section 10.8 Entire Agreement 56 Section 10.9 Severability 56 Section 10.10 Expenses 57 Section 10.11 No Recourse Against Non-Recourse Persons 57 Section 10.12 Specific Performance 58 Section 10.13 Legal Representation 58 Section 10.14 Governing Law 59 Section 10.15 Waiver of Jury Trial 60 Section 10.16 Waiver of Sovereign Immunity 60 Section 10.17 Counterparts 60 Section 10.18 Currency Matters 60 Section 10.19 Disclosure Schedules 60 SCHEDULES Schedule C Purchase Price Calculation Schedule Schedule D Form of Funds Flow Schedule Schedule E Form of Closing Adjustment Certificate EXHIBITS Exhibit A-1 Letter of Undertaking Exhibit A-2 Meeting Letter Exhibit B Officers’ List and Releasing Company Entities’ List Exhibit C-1 Form of Officers’ Resignation Letter Exhibit C-2 Form of Releasing Company Entities’ Resolutions Exhibit D Form of Buyer Share Certificate Exhibit E Instrument of Transfer PURCHASE AND SALE AGREEMENT This Purchase and Sale Agreement is entered into as of September 27, 2019, by and between Sempra Energy International Holdings, N.V., a private limited liability company (naamloze vennootschap) existing under the Laws of Netherlands (“Seller”), and China Yangtze Power International (Hongkong) Co., Limited, a private company organized under the Laws of Hong Kong Special Administrative Region of the People’s Republic of China (“Buyer”). Each of Seller and Buyer is referred to individually as a “Party”, and, collectively, as the “Parties”.
CONDITIONS TO CLOSING 44. Section 8.01 Conditions to Obligations of All Parties 45 Section 8.02 Conditions to Obligations of Royale and Parent 46 Section 8.03 Conditions to Obligations of Holders 47 Section 8.04 Closing Deliverables 49 ARTICLE IX TERMINATION 51 Section 9.01 Termination 51 Section 9.02 Effect of Termination 52 ARTICLE X MISCELLANEOUS 52 Section 10.01 Expenses 52 Section 10.02 Notices 53 Section 10.03 Interpretation 53 ii Section 10.04 Headings 54 Section 10.05 Severability 54 Section 10.06 Entire Agreement 54 Section 10.07 Successors and Assigns 54 Section 10.08 Amendment and Modification; Waiver 54
CONDITIONS TO CLOSING 44. Section 6.01 Conditions to Obligations of All Parties. 44 Section 6.02 Conditions to Obligations of Purchaser. 45 Section 6.03 Conditions to Obligations of Vendor. 47 Section 6.04 Post-Closing Covenants. 48 ARTICLE VII INDEMNIFICATION 50 Section 7.01 Survival. 50 Section 7.02 Indemnification By Vendor 50 Section 7.03 Indemnification By Purchaser. 51 Section 7.04 Certain Limitations. 51 Section 7.05 Indemnification Procedures. 52 Section 7.06 Payments. 54 Section 7.07 Tax Treatment of Indemnification Payments. 54 Section 7.08 Exclusive Remedies. 54 ARTICLE VIII TERMINATION 55 Section 8.01 Termination. 55 Section 8.02 Effect of Termination. 56 ARTICLE IX MISCELLANEOUS 56 Section 9.01 Expenses. 56 Section 9.02 Notices. 56 Section 9.03 Interpretation. 57 Section 9.04 Headings. 58 Section 9.05 Severability 58 Section 9.06 Entire Agreement. 58 Section 9.07 Successors and Assigns. 58 Section 9.08 No Third Party Beneficiaries. 58 Section 9.09 Amendment and Modification; Waiver 59 Section 9.10 Governing Law; Submission to Jurisdiction. 59 Section 9.11 Specific Performance 59 Section 9.12 Time of the Essence 59 Section 9.13 Counterparts. 59 Schedule 1.0 AGB Shareholders........................................................................................ -1 Schedule 3.02(c) Outstanding Convertable Securities of AGB ............................................... -3 Schedule 3.06 AGB Liabilities ............................................................................................ -4 Schedule 3.08 AGB Material Contracts............................................................................... -5 Schedule 3.09(a) Default Under Lease Agreement .................................................................. -6 Schedule 3.11(a) License Application and Correspondence .................................................... -7 Schedule 3.11(b) Construction Budget..................................................................................... -8 Schedule 3.12 Summary of Insurance Policies .................................................................... -9 Schedule 3.19(a) Employment and Consulting Agreements.................................................. -10 Schedule 4.10 RVT Liabilities........................................................................................... -11 Schedule 4.11(a) RVT Material Contracts ............................................................................. -12 Schedule 5.01(b) Deferred Lease Payments ............
CONDITIONS TO CLOSING 44. 4.01.1. Closing Submissions 44 4.01.2. Fees 44 4.01.4 Closing Date 44 4.01.4 Existing Revolver 44 4.02.3 Purchase Agreement 44 4.02.4 Acquisition Information 44 SECTION 4.02. CONDITIONS TO FUNDING DATE 44 4.02.1 Funding Submissions 45 4.02.2 Credit Party Expenses 45 4.02.5 Senior Leverage Ratio 45 4.02.6 Debt Capitalization Ratio 45
CONDITIONS TO CLOSING 44. Section 7.1 Shared Conditions to the Parties’ Obligations 44
CONDITIONS TO CLOSING 44. Section 5.1. Conditions to Each Party’s Obligation to Effect the Closing 44 Section 5.2. Additional Conditions to Obligations of Buyer 45 Section 5.3. Additional Conditions to Obligations of Seller 46 ARTICLE VI. TERMINATION AND AMENDMENT 46 Section 6.1. Termination 46 Section 6.2. Effect of Termination 48 ARTICLE VII. SURVIVAL; INDEMNIFICATION 49 Section 7.1. Survival of Representations, Warranties, Covenants and Agreements 49 Section 7.2. Indemnification 50 iv Section 7.3. Interpretation 50 Section 7.4. Procedure for Claims between Parties 51 Section 7.5. Defense of Third Party Claims 51 Section 7.6. Limitations on Indemnity 52 Section 7.7. Payment of Damages 53 Section 7.8. Exclusive Remedy 53 Section 7.9. Treatment of Indemnification Payments 53 ARTICLE VIII. TITLE TO REAL PROPERTY 54 Section 8.1. Title Policy and UCC Search 54 Section 8.2. Survey 54 Section 8.3. Defects 54 ARTICLE IX. MISCELLANEOUS 55 Section 9.1. Definitions 55 Section 9.2. Governing Law; Consent to Jurisdiction; Waiver of Trial by Jury 66 Section 9.3. Notices 67 Section 9.4. Interpretation 68 Section 9.5. Headings 68 Section 9.6. Entire Agreement 68 Section 9.7. Severability 69 Section 9.8. Assignment 69 Section 9.9. Parties of Interest; No Third Party Beneficiaries 69 Section 9.10. Counterparts 69 Section 9.11. Mutual Drafting 69 Section 9.12. Amendment 70 Section 9.13. Extension; Waiver 70
CONDITIONS TO CLOSING 44. 7.1 Conditions to Obligations of All Parties 44 7.2 Conditions to Obligations of Holdings and Merger Sub 45 7.3 Conditions to Obligations of the Company 46 ARTICLE VIII INDEMNIFICATION 46 8.1 Survival 46 8.2 Indemnification by Stockholders 46 8.3 Indemnification By Holdings 47 8.4 Certain Limitations 48 8.5 Indemnification Procedures 48 8.6 Payments; Setoff 50 8.7 Tax Treatment of Indemnification Payments 50 8.8 Effect of Investigation 50 8.9 Exclusive Remedies 50 ARTICLE IX TERMINATION 51 9.1 Termination 51 9.2 Effect of Termination 52 9.2 Breakup Fee 52 ARTICLE X MISCELLANEOUS 52 10.1 Stockholder Representative 52 10.2 Expenses 54 10.3 Notices 54 10.4 Interpretation 55 10.5 Headings 55 10.6 Severability 55 10.7 Entire Agreement 55 10.8 Successors and Assigns 56 10.9 No Third-party Beneficiaries 56 10.10 Amendment and Modification; Waiver 56 10.11 Governing Law; Submission to Jurisdiction; Waiver of Jury Trial 56 10.12 Arbitration Procedure 57 10.13 Specific Performance 58 10.14 Counterparts 58 AGREEMENT AND PLAN OF MERGER THIS AGREEMENT AND PLAN OF MERGER (this “Agreement”), dated as of November 2, 2020, is entered into among UpHealth Holdings, Inc., a Delaware corporation, (“Holdings”), UpHealth MedQuest Merger Sub, Inc., a Utah corporation and wholly owned subsidiary of Holdings (“Merger Sub”), Innovations Group, Inc., a Utah corporation (the “Company”), and Xxxxxxx X. Xxxx, in his capacity as the Stockholder Representative (“Stockholder Representative”).
CONDITIONS TO CLOSING 44. Section 6.1 Conditions to the Obligations of Each Party 44
CONDITIONS TO CLOSING 44. Section 8.1 Conditions to Each Party’s Obligations 44 Section 8.2 Additional Conditions to Obligations of the Acquirors 44 Section 8.3 Additional Conditions to Obligations of the Company 45 Section 8.4 Frustration of Closing Conditions 46 TABLE OF CONTENTS (CONTINUED) Page ARTICLE IX TERMINATION 46
CONDITIONS TO CLOSING 44. 4.01.1. Closing Submissions 44 4.01.2. Fees 44 4.01.3. Officer Certificate; Other Submissions 44 4.01.4 Landlord Warehouseman Agreements 45
