EXECUTION VERSION MASTER TRANSACTION AGREEMENT among FIAT S.p.A., NEW CARCO ACQUISITION LLC, CHRYSLER LLC and the other SELLERS identified herein PALOALTO:53687.33 TABLE OF CONTENTS Page ARTICLE I DEFINITIONS Section 1.01 Specific Definitions .................................................................................................2 ARTICLE II CONTRIBUTION; CLOSING; PURCHASE AND SALE Section 2.01 Closing Transactions................................................................................................2 Section 2.02 Closing .....................................................................................................................2 Section 2.03 Closing Deliveries by the Company ........................................................................3 Section 2.04 Closing Deliveries by Fiat .......................................................................................3 Section 2.05 Closing Deliveries by Purchaser..............................................................................4 Section 2.06 Purchase and Sale of Purchased Assets ...................................................................5 Section 2.07 Excluded Assets.......................................................................................................6 Section 2.08 Assumption of Liabilities.........................................................................................8 Section 2.09 Excluded Liabilities .................................................................................................9 Section 2.10 Excluded Contract Designations; Cure Amounts ..................................................11 Section 2.11 Non-Assignment of Assets ....................................................................................11 Section 2.12 Further Conveyances and Assumptions.................................................................12 Section 2.13 Consideration for the Purchased Assets.................................................................12 Section 2.14 Designation of Purchased and Excluded Subsidiaries...........................................12 Section 2.15 Viper ......................................................................................................................12 -i- PALOALTO:53687.33 ARTICLE III REPRESENTATIONS AND WARRANTIES OF THE COMPANY Section 3.01 Organization, Standing and Power ........................................................................13 Section 3.02 Subsidiaries............................................................................................................13 Section 3.03 [Reserved]..............................................................................................................14 Section 3.04 Authority; Execution and Delivery; Enforceability...............................................14 Section 3.05 Noncontravention; Consents..................................................................................15 Section 3.06 Financial Statements ..............................................................................................15 Section 3.07 Absence of Certain Events.....................................................................................16 Section 3.08 Related Party Transactions ....................................................................................18 Section 3.09 Litigation................................................................................................................19 Section 3.10 Contracts ................................................................................................................19 Section 3.11 Compliance with Laws ..........................................................................................21 Section 3.12 Permits ...................................................................................................................21 Section 3.13 Environmental, Health and Safety Matters............................................................21 Section 3.14 Employee and Labor Matters.................................................................................23 Section 3.15 Benefit Plans ..........................................................................................................23 Section 3.16 Taxes......................................................................................................................25 Section 3.17 Real Property .........................................................................................................26 Section 3.18 Company Intellectual Property and IT Systems ....................................................26 Section 3.19 Company Products.................................................................................................28 Section 3.20 [Reserved]..............................................................................................................28 Section 3.21 Sufficiency of Assets .............................................................................................28 Section 3.22 Certain Business Practices .....................................................................................28 Section 3.23 Brokers and Other Advisors...................................................................................29 -ii- PALOALTO:53687.33 Section 3.24 No Additional Representations..............................................................................29 ARTICLE IV REPRESENTATIONS AND WARRANTIES OF FIAT Section 4.01 Organization, Standing and Power ........................................................................29 Section 4.02 Authority; Execution and Delivery; Enforceability...............................................30 Section 4.03 Noncontravention; Consents..................................................................................30 Section 4.04 Litigation................................................................................................................31 Section 4.05 [Reserved]..............................................................................................................31 Section 4.06 Distribution ............................................................................................................31 Section 4.07 Suppliers ................................................................................................................31 Section 4.08 Certain Business Practices .....................................................................................31 Section 4.09 Brokers and Other Advisors...................................................................................32 Section 4.10 Fiat Intellectual Property and IT Systems..............................................................32 Section 4.11 Wherewithal to Perform Obligations.....................................................................33 Section 4.12 No Additional Representations..............................................................................33 ARTICLE IV-A REPRESENTATIONS AND WARRANTIES OF PURCHASER Section 4A.01 Organization, Standing and Power ........................................................................33 Section 4A.02 Authority; Execution and Delivery; Enforceability...............................................34 Section 4A.03 Noncontravention; Consents..................................................................................34 Section 4A.04 Litigation................................................................................................................35 Section 4A.05 Non-Operation of Purchaser ..................................................................................35 Section 4A.06 Capitalization; Issuance of Equity Interests...........................................................35 Section 4A.07 Brokers and Other Advisors...................................................................................35 Section 4A.08 No Additional Representations..............................................................................36 -iii- PALOALTO:53687.33 ARTICLE V ADDITIONAL AGREEMENTS Section 5.01 Conduct of Business of the Company Prior to the Closing ...................................36 Section 5.02 Access to Company Information ...........................................................................38 Section 5.03 Access to Fiat Information.....................................................................................40 Section 5.04 Confidentiality .......................................................................................................40 Section 5.05 Regulatory and Other Authorizations; Notices and Consents. ..............................41 Section 5.06 Restructuring Transactions ....................................................................................44 Section 5.07 Daimler Transactions.............................................................................................44 Section 5.08 GMAC Master AutoFinance Agreement...............................................................45 Section 5.09 Notifications...........................................................................................................45 Section 5.10 Further Action........................................................................................................45 Section 5.11 Tax Settlement Agreement ....................................................................................46 Section 5.12 [Reserved]..............................................................................................................46