# EDGAR Filing Document

**Accession Number:** 0001864163
**File Stem:** 0001104659-23-018855
**Filing Date:** 2023-2
**Character Count:** 206573
**Document Hash:** 379b3f67b2e986e2c0faf976f514ea6d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-018855.hdr.sgml**: 20230213

**ACCESSION NUMBER**: 0001104659-23-018855

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 51

**FILED AS OF DATE**: 20230213

**DATE AS OF CHANGE**: 20230210

**EFFECTIVENESS DATE**: 20230213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Inter & Co, Inc.
- **CENTRAL INDEX KEY:** 0001864163
- **STANDARD INDUSTRIAL CLASSIFICATION:** COMMERCIAL BANKS, NEC [6029]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-269720
- **FILM NUMBER:** 23614363

**BUSINESS ADDRESS:**
- **STREET 1:** AV. BARBACENA, 1219
- **STREET 2:** 22ND FLOOR
- **CITY:** BELO HORIZONTE
- **STATE:** D5
- **ZIP:** 30 190-131
- **BUSINESS PHONE:** 55 31 2138 7978

**MAIL ADDRESS:**
- **STREET 1:** AV. BARBACENA, 1219
- **STREET 2:** 22ND FLOOR
- **CITY:** BELO HORIZONTE
- **STATE:** D5
- **ZIP:** 30 190-131

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Inter Platform, Inc.
- **DATE OF NAME CHANGE:** 20210525

**As filed with the Securities and Exchange Commission on February 10, 2023**

**Registration No. 333-**

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

------

**FORM S-8**

**REGISTRATION STATEMENT**

***UNDER***

***THE SECURITIES ACT OF 1933***

------

**Inter & Co, Inc.**

**(Exact Name of Registrant as Specified in Its Charter)**

**N/A**

(Translation of Registrant's name into English)

------

---

| | |
|:---|:---|
| **The Cayman Islands** | **N/A** |
| **(State or other jurisdiction of**<br> **incorporation or organization)** | **(I.R.S. Employer**<br> **Identification No.)** |

---

**Av Barbacena, 1.219, 22nd Floor**

**Belo Horizonte, Brazil, ZIP Code 30 190-131**

**+55 (31) 2138-7978**

**(Address, including zip code, of Registrant's principal executive offices)**

**Inter & Co, Inc. 2022 Omnibus Incentive Plan**

**Amended and Restated Inter & Co Payments, Inc. 2020 Equity Incentive Plan**

**(Full title of the Plan)**

**Cogency Global, Inc.**

**122 East 42nd Street, 18th Floor**

**New York, NY 10168**

**+1 (212) 947-7200**

**(Name, address and telephone number, including area code, of agent for service)**

***Copies to:***

Francesca L. Odell

Jonathan Mendes de Oliveira

Cleary Gottlieb Steen & Hamilton LLP

One Liberty Plaza

New York, NY 10006

+1 (212) 225-2000

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Securities Exchange Act of 1934, as amended ("Exchange Act").

Large accelerated filer ¨ Accelerated filer ◻ <br> <br> Non-accelerated filer ¨ Smaller reporting company ◻

Emerging growth Company

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 7(a)(2)(B) of the Securities Act of 1933, as amended (the "Securities Act"). ◻

**EXPLANATORY NOTE**

This Registration Statement relates to the registration of (a) 489,386 Class A common shares, par value US$0.0000025 per share (the "Class A Common Shares"), of Inter & Co, Inc., a company incorporated under the laws of the Cayman Islands (the "Registrant") to be offered and sold with respect to outstanding stock options issued under the Amended and Restated Inter & Co Payments, Inc. 2020 Equity Incentive Plan (the "Payments Plan") and (b) 10,028,988 Class A Common Shares of the Registrant to be offered and sold with respect to awards issued under the 2022 Omnibus Plan (the "Omnibus Plan"), which includes Class A Common Shares underlying certain awards originally issued under certain legacy equity plans of the Registrant and its subsidiaries and which will be converted into equity awards under the Omnibus Plan.

As part of the transactions by Banco Inter S.A. to transfer its shareholder base to the Registrant, the Registrant assumed and converted certain outstanding equity awards granted by Pronto Money Transfer, Inc. (now Inter&Co Payments, Inc.) under the Payments Plan into corresponding equity awards with respect to the Class A Common Shares.

On January 4, 2023, at an extraordinary general meeting of the Registrant, the Registrant's shareholders confirmed, ratified and approved the adoption by the Registrant of the 2022 Omnibus Plan (the "Omnibus Plan").

**PART I**

**INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS**

The document(s) containing the information specified in Part I will be sent or given to employees as specified by Rule 428(b)(1) (§230.428(b)(1)). Such documents are not being filed with the Securities and Exchange Commission (the "Commission") either as part of this Registration Statement or as prospectuses or prospectus supplements pursuant to Rule 424 (§230.424). These documents and the documents incorporated by reference in this Registration Statement pursuant to Item 3 of Part II hereof, taken together, constitute a prospectus that meets the requirements of Section 10(a) of the Securities Act of 1933, as amended (the "Securities Act"). *See* Rule 428(a)(1) (§230.428(a)(1)).

**PART II**

**INFORMATION REQUIRED IN THE REGISTRATION STATEMENT**

**Item 3. Incorporation of Documents by Reference.**

The rules of the Commission allow us to incorporate by reference information into this Registration Statement. The information incorporated by reference is considered to be a part of this Registration Statement, and information that we file later with the Commission will automatically update and supersede this information. This Registration Statement incorporates by reference the documents listed below. In addition, any Report on Form 6-K of the Registrant hereafter furnished to the Commission pursuant to the Securities Exchange Act of 1934, as amended ("Exchange Act") shall be incorporated by reference into this Registration Statement if and to the extent provided in such document.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) [The Registrant's annual report on Form 20-F for the fiscal year ended December 31, 2021, filed with the Commission on May 2, 2022 (File No. 333-260701).](https://www.sec.gov/ix?doc=/Archives/edgar/data/1864163/000110465922054656/b3-20211231x20f.htm)

(b) [The Registrant's report on Form 6-K furnished to the Commission on June 21, 2022 (Accession No. 0001104659-22-072620).](https://www.sec.gov/Archives/edgar/data/1864163/000110465922072620/tm2217254d7_6k.htm)

(c) [The description of the Registrant's Class A common shares contained in the Registrant's Registration Statement on Form 8-A (File No. 001-41419) filed with the Commission on June 13, 2022, pursuant to Section 12(b) of the Exchange Act, including any amendment or report filed for the purpose of updating such description.](https://www.sec.gov/Archives/edgar/data/1864163/000110465922070491/tm2217254d4_8a12b.htm)

All reports and other documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment to this Registration Statement which indicates that all securities offered hereby have been sold or which deregisters all securities remaining unsold, shall be deemed to be incorporated by reference in this Registration Statement and to be a part hereof from the date of filing of such reports and other documents. Except as provided in the last sentence of the first paragraph of the section of this Registration Statement entitled "Item 3. Incorporation of Documents by Reference", nothing in this Registration Statement shall be deemed to incorporate any information provided in documents that is furnished (rather than filed) or is otherwise not deemed to be filed under applicable Commission rules.

**Item 4. Description of Securities.**

Not applicable.

**Item 5. Interests of Named Experts and Counsel.**

None.

**Item 6. Indemnification of Directors and Officers**

The Companies Act (As Revised) of the Cayman Islands does not limit the extent to which a company's articles of association may provide for indemnification of directors and officers, except to the extent that it may be held by the Cayman Islands courts to be contrary to public policy, such as to provide indemnification against civil fraud or the consequences of committing a crime. The Registrant's Articles of Association provide that the Registrant shall indemnify and hold harmless their directors and officers against all actions, proceedings, costs, charges, expenses, losses, damages, liabilities, judgments, fines, settlements and other amounts incurred or sustained by such directors or officers, other than by reason of such person's dishonesty, willful default or fraud, in or about the conduct of the Registrant's business or affairs (including as a result of any mistake of judgment) or in the execution or discharge of his duties, powers, authorities or discretions, including without prejudice to the generality of the foregoing, any costs, expenses, losses or liabilities incurred by such director or officer in defending (whether successfully or otherwise) any civil, criminal or other proceedings concerning the Registrant or its affairs in any court whether in the Cayman Islands or elsewhere. This standard of conduct is generally the same as permitted under the Delaware General Corporation Law for a Delaware corporation.

Insofar as indemnification for liabilities arising under the Securities Act may be permitted to our directors, officers or persons controlling us under the foregoing provisions, the Registrant has been informed that, in the opinion of the SEC, this indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.

**Item 7. Exemption from Registration Claimed.**

Not applicable.

 **Item 8. Exhibits.**

---

| | |
|:---|:---|
| **Exhibit Number** | **Description of Document** |
| [**4.1‡**](https://www.sec.gov/Archives/edgar/data/1864163/000110465922054656/b3-20211231xex1d1.htm) | [Amended and Restated Memorandum and Articles of Association of the Registrant (filed as an exhibit to the Registrant's Annual Report on Form 20-F for the fiscal year ended December 31, 2021 (File No. 333-260701) and incorporated herein by reference)‡](https://www.sec.gov/Archives/edgar/data/1864163/000110465922054656/b3-20211231xex1d1.htm) |
| [**5.1\***](tm235888d1_ex5-1.htm) | [Opinion of Maples and Calder, Cayman Islands counsel to the Registrant](tm235888d1_ex5-1.htm) |
| [**23.1\***](tm235888d1_ex23-1.htm) | [Consent of KPMG Auditores Independentes Ltda.](tm235888d1_ex23-1.htm) |
| [**23.2\***](tm235888d1_ex5-1.htm) | [Consent of Maples and Calder, Cayman Islands counsel to the Registrant included in Exhibit 5.1](tm235888d1_ex5-1.htm) |
| [**24.1\***](#sign-poa_001) | [Power of Attorney (included in the signature page to this Registration Statement)](#sign-poa_001) |
| [**99.1\***](tm235888d1_ex99-1.htm) | [Inter & Co, Inc. 2022 Omnibus Incentive Plan](tm235888d1_ex99-1.htm) |
| [**99.2\***](tm235888d1_ex99-2.htm) | [Inter & Co Payments, Inc. Amended and Restated 2020 Equity Incentive Plan](tm235888d1_ex99-2.htm) |
| [**99.3\***](tm235888d1_ex99-3.htm) | [Amendment No.1 to Inter & Co Payments, Inc. Amended and Restated 2020 Equity Incentive Plan](tm235888d1_ex99-3.htm) |
| [**107\***](tm235888d1_ex-filingfees.htm) | [Filing Fee Table](tm235888d1_ex-filingfees.htm) |

---

\*Filed herewith

‡ Incorporated herein by reference

**Item 9. Undertakings.**

(a) The undersigned Registrant hereby undertakes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) To include any prospectus required by section 10(a)(3) of the Securities Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) To reflect in the prospectus any events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the SEC pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration statement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;

*Provided*, *however*, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the registration statement is on Form S-8, and the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed with or furnished to the SEC by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) That for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new Registration Statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

(b) The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant's annual report pursuant to section 13(a) or section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan's annual report pursuant to section 15(d) of the Exchange Act that is incorporated by reference in the Registration Statement shall be deemed to be a new Registration Statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

(c) Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

**SIGNATURES**

Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, as of this 10<sup>th</sup> day of February, 2023.

---

| | |
|:---|:---|
| Inter & Co, Inc. | Inter & Co, Inc. |
| By: | /s/ João Vitor N. Menin T. de Souza |
|  | Name: João Vitor N. Menin T. de Souza |
|  | Title: Chief Executive Officer  |
| By: | /s/ Helena Lopes Caldeira |
|  | Name: Helena Lopes Caldeira |
|  | Title: Chief Financial Officer |

---

**POWER OF ATTORNEY**

We, the undersigned directors and officers of Registrant, do hereby severally constitute and appoint João Vitor N. Menin T. de Souza and Helena Lopes Caldeira, each our true and lawful attorneys and agents, to do any and all acts and things in our name and on our behalf in our capacities as directors and officers and to execute any and all instruments for us and in our names in the capacities indicated below, which said attorneys and agents, or any of them, may deem necessary or advisable to enable said Registrant to comply with the Securities Act and any rules, regulations and requirements of the Securities and Exchange Commission, in connection with the Registration Statement of the Registrant on Form S-8 including specifically, but without limitation, power and authority to sign for us or any of us in our names in the capacities indicated below, any and all amendments (including post-effective amendments) hereto; and we do each hereby ratify and confirm all that said attorneys and agents, or any one of them, shall do or cause to be done by virtue hereof. This Power of Attorney may be executed in multiple counterparts, each of which shall be deemed an original, but which taken together shall constitute one instrument.

Pursuant to the requirements of the Securities Act, this Registration Statement has been signed by the following persons in the indicated capacities as of this 10<sup>th</sup> day of February, 2023.

---

| | | |
|:---|:---|:---|
| **Name** | **Title** | **Date** |
| /s/ João Vitor N. Menin T. de Souza | Chief Executive Officer | February 10, 2023 |
| João Vitor N. Menin T. de Souza |  |  |
| /s/ Helena Lopes Caldeira | Chief Financial Officer | February 10, 2023 |
| Helena Lopes Caldeira |  |  |
| /s/ Rubens Menin Teixeira de Souza | Director | February 10, 2023 |
| Rubens Menin Teixeira de Souza |  |  |

---

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| | | |
|:---|:---|:---|
| /s/ Maria Fernanda Nazareth Menin Teixeira de Souza Maia | Director | February 10, 2023 |
| Maria Fernanda Nazareth Menin Teixeira de Souza Maia |  |  |
| /s/ José Felipe Diniz | Director | February 10, 2023 |
| José Felipe Diniz |  |  |
| /s/ Leonardo Guimarães Corrêa | Director | February 10, 2023 |
| Leonardo Guimarães Corrêa |  |  |
| /s/ Cristiano Henrique Vieira Gomes | Director | February 10, 2023 |
| Cristiano Henrique Vieira Gomes |  |  |
| /s/ Luiz Antônio França | Director | February 10, 2023 |
| Luiz Antônio França |  |  |
| /s/ André Maciel | Director | February 10, 2023 |
| André Maciel |  |  |
| /s/ Carlos Medeiros | Director | February 10, 2023 |
| Carlos Medeiros |  |  |
| /s/ Thiago Piau | Director | February 10, 2023 |
| Thiago Piau |  |  |
| /s/ Colleen A. De Vries | Senior Vice President, | February 10, 2023 |
| Colleen A. De Vries | Cogency Global, Inc.; Authorized Representative in the United States |  |

---

## Exhibit 5.1

**Exhibit 5.1**

![](image_001.jpg)

Our ref FWO/651672-000033/73417908v2

Inter & Co, Inc.<br> PO Box 309, Ugland House<br> Grand Cayman, KY1-1104<br> Cayman Islands

February, 10, 2023

**Inter & Co, Inc.**

We have acted as Cayman Islands counsel to Inter & Co, Inc., a company incorporated under the laws of the Cayman Islands (the "**Company**") to provide this legal opinion in connection with the Company's registration statement on Form S-8, including all amendments or supplements thereto (the "**Form S-8**"), filed with the United States Securities and Exchange Commission (the "**Commission**") under the United States Securities Act of 1933 (the "**Act**"), as amended (the "**Registration Statement**") relating to the registration of (a) 489,386 Class A common shares, par value US$0.0000025 per share (the "**Class A Common Shares**") of the Company (the "**Payments SOP Shares**") to be offered and sold with respect to outstanding stock options issued under the Amended and Restated Inter & Co Payments, Inc. 2020 Equity Incentive Plan (the "**Payments Plan**") and (b) 10,028,988 Class A Common Shares of the Company (together with the Payments SOP Shares, the "**Shares**") to be offered and sold with respect to awards issued under the 2022 Omnibus Plan (the "**Omnibus Plan**" and, together with the Payments Plan, the "**Plans**"), which includes Class A Common Shares underlying certain awards originally issued under certain legacy equity plans of the Company and its subsidiaries and which will be converted into equity awards under the Omnibus Plan.

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| | |
|:---|:---|
| **1** | **Documents Reviewed** |

---

We have reviewed originals, copies, drafts or conformed copies of the following documents, and such other documents as we deem necessary:

1.1 The certificate of incorporation dated 26 January 2021, certificate of incorporation on change of
name dated 12 April 2022 and the amended and restated memorandum and articles of association of the Company adopted by special resolution
passed on 7 June 2022 (the "**Memorandum and Articles** ").

1.2 The minutes (the "**Minutes**") of the meeting of the board of directors of the Company held
on January 4, 2023 (the "**Meeting**") and the corporate records of the Company maintained at its registered office
in the Cayman Islands.

1.3 A certificate of good standing with respect to the Company issued by the Registrar of Companies (the "**Certificate of Good Standing** ").

![](image_002.jpg)

1.4 A certificate from a director of the Company a copy of which is attached to this opinion letter (the "**Director's Certificate** ").

1.5 The Plans.

1.6 The Registration Statement.

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| | |
|:---|:---|
| **2** | **Assumptions** |

---

The following opinions are given only as to, and based on, circumstances and matters of fact existing and known to us on the date of this opinion letter. These opinions only relate to the laws of the Cayman Islands which are in force on the date of this opinion letter. In giving the following opinions, we have relied (without further verification) upon the completeness and accuracy of the Director's Certificate and the Certificate of Good Standing. We have also relied upon the following assumptions, which we have not independently verified:

2.1 The Plans have been or will be authorised and duly executed and unconditionally delivered by or on behalf
of all relevant parties in accordance with all relevant laws (other than, with respect to the Company, the laws of the Cayman Islands).

2.2 The Plans are, or will be, legal, valid, binding and enforceable against all relevant parties in accordance
with their terms under the laws of the State of New York and State of California (as applicable, the "**Relevant Law** ")
and all other relevant laws (other than, with respect to the Company, the laws of the Cayman Islands).

2.3 The choice of the Relevant Law as the governing law of the Plans has been made in good faith and would
be regarded as a valid and binding selection which will be upheld by the courts of the State of New York or the State of California, as
applicable, and any other relevant jurisdiction (other than the Cayman Islands) as a matter of the Relevant Law and all other relevant
laws (other than the laws of the Cayman Islands).

2.4 Copies of documents, conformed copies or drafts of documents provided to us are true and complete copies
of, or in the final forms of, the originals.

2.5 All signatures, initials and seals are genuine.

2.6 The capacity, power, authority and legal right of all parties under all relevant laws and regulations
(other than, with respect to the Company, the laws and regulations of the Cayman Islands) to enter into, execute, unconditionally deliver
and perform their respective obligations under the Plans.

2.7 There is nothing under any law (other than the laws of the Cayman Islands) which would or might affect
the opinions set out below. Specifically, we have made no independent investigation of the Relevant Law.

2.8 The Company has received, or will receive, money or money's worth (the "**Consideration** ")
in consideration for the issue of the Shares, and none of the Shares have, or will be, issued for less than par value.

Save as aforesaid we have not been instructed to undertake and have not undertaken any further enquiry or due diligence in relation to the transaction the subject of this opinion.

---

| | |
|:---|:---|
| **3** | **Opinions** |

---

Based upon, and subject to, the foregoing assumptions and the qualification set out below, and having regard to such legal considerations as we deem relevant, we are of the opinion that the Shares to be offered and issued by the Company pursuant to the provisions of each Plan have been duly authorised for issue, and when issued by the Company pursuant to the provisions of the relevant Plan for the consideration fixed thereto and duly registered in the Company's register of members (shareholders), will be validly issued and (assuming that all of the Consideration is received by the Company) will be fully paid and non-assessable.

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| | |
|:---|:---|
| **4** | **Qualifications** |

---

The opinions expressed above are subject to the following qualification:

4.1 Under the Companies Act (As Revised) of the Cayman Islands (the "**Companies Act** "), the
register of members of a Cayman Islands company is by statute regarded as prima facie evidence of any matters which the Companies Act
directs or authorises to be inserted therein. A third party interest in the shares in question would not appear. An entry in the register
of members may yield to a court order for rectification (for example, in the event of fraud or manifest error).

4.2 In this opinion letter, the phrase "non-assessable" means, with respect to shares in the Company,
that a shareholder shall not, solely by virtue of its status as a shareholder, be liable for additional assessments or calls on the shares
by the Company or its creditors (except in exceptional circumstances, such as involving fraud, the establishment of an agency relationship
or an illegal or improper purpose or other circumstances in which a court may be prepared to pierce or lift the corporate veil).

We hereby consent to the filing of this opinion as an exhibit to the Registration Statement. In providing our consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Act or the Rules and Regulations of the Commission thereunder.

This opinion is addressed to you and may be relied upon by you and your counsel. This opinion is limited to the matters detailed herein and is not to be read as an opinion with respect to any other matter.

Yours faithfully

/s/ Maples and Calder (Cayman) LLP

Maples and Calder (Cayman) LLP

February 10, 2023

To: Maples and Calder (Cayman) LLP

PO Box 309, Ugland House

Grand Cayman

KY1-1104

Cayman Islands

**Inter & Co, Inc.** (the "**Company**")

I, the undersigned, being a director of the Company, am aware that you are being asked to provide an opinion letter (the "**Opinion**") in relation to certain aspects of Cayman Islands law. Unless otherwise defined herein, capitalised terms used in this certificate have the respective meanings given to them in the Opinion. I hereby certify that:

1 The Memorandum and Articles remain in full force and effect and are unamended.

2 The Company has not entered into any mortgages or charges over its property or assets other than those entered in the register of mortgages and charges, or contemplated by the Plans.

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| | |
|:---|:---|
| 3 | The Minutes are a true and correct record of the proceedings of the Meeting, which was duly convened and held, and at which a quorum was present throughout, in each case, in the manner prescribed in the Memorandum and Articles. The resolutions set out in the Minutes were duly passed in the manner prescribed in the Memorandum and Articles (including, without limitation, with respect to the disclosure of interests (if any) by directors of the Company) and have not been amended, varied or revoked in any respect. |

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| | |
|:---|:---|
| 4 | The authorised share capital of the Company is US$50,000 divided into 20,000,000,000 shares of a nominal or par value of US$0.0000025 each which, at the date the Memorandum and Articles became effective, comprise (i) 10,000,000,000 Class A Common Shares; and (ii) 5,000,000,000 Class B Common Shares (which Class B Common Shares may be converted into Class A Common Shares in the manner contemplated in the Articles of Association of the Company); and (iii) 5,000,000,000 shares of such class or classes (howsoever designated) and having the rights as the board of directors of the Company may determine from time to time in accordance with Article 4 of the Articles of Association of the Company. |

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| | |
|:---|:---|
| 5 | The shareholders of the Company (the "**Shareholders**") have not restricted the powers of the directors of the Company in any way. |

---

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| | |
|:---|:---|
| 6 | The directors of the Company at the date of the Meeting and at the date of this certificate were and are as follows: Maria Fernanda Nazareth Menin Teixeira de Souza Maia, Rubens Menin Teixeira de Souza, Carlos Henrique Carneiro de Medeiros, Leonardo Guimarães Corrêa, José Felipe Finiz, Cristiano Henrique Vieira Gomes, André Guilherme Cazzaniga Maciel, Luiz Antônio Nogueira de França and Thiago dos Santos Piau. |

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7 There is no contractual or other prohibition (other than as arising under Cayman Islands law) binding on the Company prohibiting it from entering into and performing its obligations under the Plans.

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| | |
|:---|:---|
| 8 | The minute book and corporate records of the Company as maintained at its registered office in the Cayman Islands and made available to you are complete and accurate in all material respects, and all minutes and resolutions filed therein represent a complete and accurate record of all meetings of the Shareholders and directors (or any committee thereof) of the Company (duly convened in accordance with the Memorandum and Articles) and all resolutions passed at the meetings or passed by written resolution or consent, as the case may be. |

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|:---|:---|
| 9 | Prior to, at the time of, and immediately following the approval of the transactions the subject of the Plans the Company was, or will be, able to pay its debts as they fell, or fall, due and has entered, or will enter, into the transactions the subject of the Plans for proper value and not with an intention to defraud or wilfully defeat an obligation owed to any creditor or with a view to giving a creditor a preference. |

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|:---|:---|
| 10 | Each director of the Company considers the transactions contemplated by the Plans to be of commercial benefit to the Company and has acted in good faith in the best interests of the Company, and for a proper purpose of the Company, in relation to the transactions which are the subject of the Opinion. |

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|:---|:---|
| 11 | To the best of my knowledge and belief, having made due inquiry, the Company is not the subject of legal, arbitral, administrative or other proceedings in any jurisdiction. Nor have the directors or Shareholders taken any steps to have the Company struck off or placed in liquidation, nor have any steps been taken to wind up the Company. Nor has any receiver been appointed over any of the Company's property or assets. |

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12 The Company is not a central bank, monetary authority or other sovereign entity of any state and is not a subsidiary, direct or indirect, of any sovereign entity or state.

(Signature Page follows)

I confirm that you may continue to rely on this certificate as being true and correct on the day that you issue the Opinion unless I shall have previously notified you personally to the contrary.

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|:---|:---|
| Signature: | /s/ Rubens Menin Teixeira de Souza |
| Name: | Rubens Menin Teixeira de Souza |
| Title: | Director |

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## Exhibit 23.1

**Exhibit 23.1**

**Consent of Independent Registered Public Accounting Firm**

We consent to the use of our report dated May 02, 2022, with respect to the consolidated financial statements of Inter Platform Inc., incorporated herein by reference.

/s/ KPMG Auditores Independentes Ltda.

São Paulo, Brazil<br> February 10, 2023

## Exhibit 99.1

#### Exhibit 99.1

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|:---|:---|
| &nbsp;&nbsp;![GRAPHIC](tm235888d1_ex99-1img001.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;INTER & CO, INC 2022 OMNIBUS INCENTIVE PLAN 1. Purpose. The purpose of this 2022 Omnibus Incentive Plan is to advance the interests of the Company and its shareholders by enhancing the Company's ability to attract, retain and motivate persons who are expected to make contributions to the Company and by providing those persons with incentives that are intended to align their interests with those of the Company's shareholders. 2. Definitions. (a) "Acquiror" means any one person (within the meaning of Section 13(d) of the Exchange Act), or more than one such person acting as a group (as defined under Treasury Regulation § 1.409A-3(i)(5)(v)(B)), in each case, other than (i) the Company, (ii) any Subsidiary, Parent or Affiliate, (iii) any employee benefit plan sponsored by the Company or by any Subsidiary, Parent or Affiliate, (iv) an entity of which at least a majority of its Voting Power is owned directly or indirectly by the Company, (v) an entity owned directly or indirectly by the holders of the share capital of the Company in substantially the same proportions as their ownership of Common Shares or (vi) an entity in which the holders of at least a majority of the Voting Power of the Company outstanding immediately prior to the relevant transaction continue to hold (either by their shares remaining outstanding in the continuing entity or by their shares being converted into securities of the surviving entity or its parent entity) a majority of the total Voting Power of the Company (or the surviving entity or its parent entity) outstanding immediately after such transaction. (b) "Administrator" means the Board or a Committee appointed by the Board to administer the Plan in accordance with Section 4 hereof. (c) "Affiliate" means an entity, other than a Subsidiary or Parent, which is under the "control" of the Company or "controls" the Company as defined in Rule 405 under the Securities Act. (d) "Applicable Laws" means all applicable laws, rules, regulations and requirements, including, but not limited to, all applicable U.S. federal, state or local laws, any Stock Exchange listing conditions, rules or regulations and the applicable laws, rules or regulations of any other country or jurisdiction where Awards are granted under the Plan or Participants reside or provide services, as such laws, rules and regulations shall be in effect from time to time. (e) "Awards" means any Option, SAR, Restricted Stock, Restricted Stock Unit, Substitute Award or Other Award, together with any other right or interest, granted under and pursuant to the terms of the Plan. (f) "Award Agreement" means a written document (which may be in electronic form), the form(s) of which shall be approved from time to time by the Administrator, reflecting the terms of an Award granted under the Plan including any documents attached to or incorporated into such Award Agreement. (g) "BDRs" means the Brazilian Depositary Receipts, representing Common Shares, issued under the Company's Brazilian Depositary Receipt facility. (h) "Board" means the Board of Directors of the Company. (i) "Cashless Transaction" means a transaction pursuant to a program approved by the Administrator in which payment of the Option exercise price and/or Tax Withholding Obligations applicable to an Award may be satisfied, in whole or in part, with Common Shares subject to the Award,  |

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|:---|:---|
| &nbsp;&nbsp;![GRAPHIC](tm235888d1_ex99-1img002.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2 including by delivery of an irrevocable direction to a securities broker (on a form prescribed by the Administrator) to sell Common Shares and to deliver all or part of the sale proceeds to the Company in payment of the aggregate exercise price and, if applicable, the amount necessary to satisfy the applicable Tax Withholding Obligations. (j) "Cause" means, with respect to any Director, Employee or Consultant, unless the applicable Award Agreement provides otherwise, if the Director, Employee or Consultant is a party to an employment or service agreement with the Company or its Affiliates and such agreement provides for a definition of Cause (or any term of similar effect), the definition contained therein; or if no such agreement exists, or if such agreement does not define Cause (or any term of similar effect): (i) the commission of, or plea of guilty or no contest to, a felony or other crime involving dishonesty, moral turpitude or the commission of any other act involving willful malfeasance or breach of fiduciary duty with respect to the Company or an Affiliate; (ii) any acts, omissions or statements that are, or are reasonably likely to be, detrimental or damaging to the reputation, operations, prospects or business relations of the Company or an Affiliate; (iii) gross negligence or willful misconduct with respect to the Company or an Affiliate, or willful or repeated failure or refusal to substantially perform assigned duties; (iv) violation of state or federal securities laws; (v) material violation of the Company's written policies or codes of conduct, including written policies related to discrimination, harassment, performance of illegal or unethical activities, and ethical misconduct; (vi) any act of fraud, embezzlement or material misappropriation against the Company or an Affiliate; (vii) any material breach of a written agreement with the Company or an Affiliate, including, without limitation, a breach of any employment, consulting, confidentiality, non-competition, non-solicitation, non-disparagement or similar agreement. The Board, in its absolute discretion, shall determine the effect of all matters and questions relating to whether a Participant has been discharged for Cause; provided that, notwithstanding Section 33 of this Plan, the applicable laws and rules of the country in which the Participant is a legal resident shall apply to this Section 2(j). (k) "Change in Control" means, unless the applicable Award Agreement provides otherwise, the consummation of any of the following events: (i) an Acquiror acquires ownership of shares of the Company that, together with stock held by such Acquiror, constitutes more than 50% of the total fair market value or total Voting Power of the entire issued share capital of the Company; (ii) any merger, consolidation or other business combination transaction of the Company with or into an Acquiror; (iii) a majority of members of the Board is replaced during any 12-month period by Directors whose appointment or election is not endorsed by a majority of the members of the Board before the date of each appointment or election; or (iv) an Acquiror acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such Acquiror) all or substantially all of the Company's assets. Notwithstanding anything in this Plan to the contrary, (x) subsections (i) through (iv) shall be interpreted in a manner that is consistent with the Treasury Regulations promulgated pursuant to Section 409A of the Code so that all, and only, such transactions or events that could qualify as a "change in control event" within the meaning of Treasury Regulation §1.409A-3(i)(5)(i) will be deemed to be a Change in Control for purposes of this Plan; provided, however, that such limitation shall only apply to the extent necessary to prevent any tax becoming due under Section 409A of the Code; and (y) a transaction shall not constitute a Change in Control if its sole purpose is to change the state of the Company's incorporation, or to create a holding company that will be owned in substantially the same proportions by the persons who hold the Company's securities immediately before such transaction. The Board shall have full and final authority, which shall be exercised in its discretion, to determine conclusively whether a Change in Control has occurred pursuant to the above definition, the date of the occurrence of such Change in Control and any incidental matters relating thereto; provided that any exercise of authority in conjunction with a determination of whether a Change in Control is a "change in control event" as defined in Treasury Regulation Section 1.409A-3(i)(5) shall be consistent with such regulation. |

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|:---|:---|
| &nbsp;&nbsp;![GRAPHIC](tm235888d1_ex99-1img003.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 (l) "Change in Control Price" means the amount determined in the following clause (i), (ii), (iii),(iv) or (v), whichever the Administrator determines is applicable, as follows: (i) the price per share offered to holders of Common Shares in any merger or consolidation, (ii) the per share Fair Market Value of the Common Shares immediately before the Change in Control or other event without regard to assets sold in the Change in Control or other event and assuming the Company has received the consideration paid for the assets in the case of a sale of the assets, (iii) the amount distributed per Common Share in a dissolution transaction, (iv) the price per share offered to holders of Common Shares in any tender offer or exchange offer whereby a Change in Control or other event takes place, or (v) if such Change in Control or other event occurs other than pursuant to a transaction described in clauses (i), (ii), (iii), or (iv) of this Section 2(l), the value per Common Share that may otherwise be obtained with respect to such Awards or to which such Awards track, as determined by the Administrator as of the date determined by the Administrator to be the date of cancellation and surrender of such Awards. In the event that the consideration offered to shareholders of the Company in any transaction described in this Section 2(l) or in Section 14 consists of anything other than cash, the Administrator shall determine the fair cash equivalent of the portion of the consideration offered which is other than cash and such determination shall be binding on all affected Participants to the extent applicable to Awards held by such Participants. (m) "Code" means the Internal Revenue Code of 1986, as amended. (n) "Committee" means the Compensation Committee of the Board (or one or more other committees or subcommittees of the Board) appointed by the Board to administer the Plan in accordance with Section 4 hereof and consisting of two (2) or more Directors (or such greater number of Directors as shall constitute the minimum number permitted by Applicable Laws to establish a committee or sub-committee of the Board appointed for such purpose). (o) "Common Shares" means the Class A Common Shares of the Company, $0.0000025 par value per share, as adjusted in accordance with Section 13 hereof, which may be evidenced by BDRs (and "Common Share" shall mean one such share). (p) "Company" means Inter & Co, Inc, an exempted company incorporated in the Cayman Islands, and any successor thereto. (q) "Consultant" means any person or entity, including an advisor but not an Employee, that renders, or has rendered, services to the Company, or any Parent, Subsidiary or Affiliate, and is compensated for such services. (r) "Continuous Service Status" means the absence of any interruption or termination of service as an Employee, Non-Employee Director or Consultant (unless otherwise provided for in the applicable Award Agreement), as determined by the Administrator in good faith and subject to Applicable Laws. Subject to Applicable Laws, the Administrator shall determine whether a leave of absence, or absence in military or government service, shall constitute an interruption of Continuous Service Status; provided, however, that the Administrator shall not have any such discretion to the extent that the grant of such discretion would cause any tax to become due under Section 409A of the Code. Except as provided herein or in the applicable Award agreement, Continuous Service Status as an Employee, Non-Employee Director or Consultant shall not be considered interrupted or terminated in the case of a change in the capacity in which the Participant renders service to the Company, a Subsidiary, a Parent or an Affiliate or transfers between locations of the Company or between the Company, its Parents, Subsidiaries or Affiliates, or their respective successors; provided that if any Award is subject to Section 409A of the Code, this sentence shall only be given effect to the extent consistent with Section 409A of the Code. (s) "Director" means a member of the Board. |

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|:---|:---|
| &nbsp;&nbsp;![GRAPHIC](tm235888d1_ex99-1img004.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4 (t) "Disability" means, unless the applicable Award Agreement provides otherwise, that the Participant is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than twelve (12) months. The determination of whether an individual has a Disability shall be determined under procedures established by the Board. The Board may rely on any determination that a Participant is disabled for purposes of benefits under any long-term disability plan maintained by the Company or any Affiliate in which a Participant participates. (u) "Dividend Equivalent" means a right to receive cash, Common Shares, other Awards or other property equal in value to dividends paid with respect to a specified number of Common Shares, or other periodic payments. (v) "Employee" means any person employed by the Company, or any Parent, Subsidiary or Affiliate, with the status of employment determined pursuant to such factors as are deemed appropriate by the Administrator in its sole discretion, subject to any requirements of the Applicable Laws, including the Code. The payment by the Company of a Director's fee shall not be sufficient to constitute "employment" of such Director by the Company or any Parent, Subsidiary or Affiliate. (w) "Exchange Act" means the Securities Exchange Act of 1934, as amended. (x) "Fair Market Value" means, as of any date, the value of the Common Shares determined as follows: (i) if the Common Shares is listed on any Stock Exchange or traded on any established market, the Fair Market Value of Common Share will be, unless otherwise determined by the Administrator, the closing sales price for such share as quoted on such exchange or market (or the exchange or market with the greatest volume of trading in the Common Shares) on the date of determination, as reported in a source the Administrator deems reliable; (ii) unless otherwise provided by the Administrator, if there is no closing sales price for the Common Shares on the date of determination, then the Fair Market Value of Common Share will be the closing selling price on the last preceding date for which such quotation exists; or (iii) in the absence of such markets for the Common Shares, the Fair Market Value of Common Share will be determined by the Administrator in good faith and, to the extent applicable, in a manner that complies with Sections 409A of the Code. (y) "Non-Employee Director" means a Director who is not an Employee. (z) "Nonqualified Deferred Compensation Rules" means the limitations and requirements of Section 409A of the Code, as amended from time to time, including the guidance and regulations promulgated thereunder and successor provisions, guidance and regulations thereto. (aa) "Nonstatutory Stock Option" means an Option that is not intended to, or does not, in fact, qualify as an incentive stock or share option within the meaning of Section 422 of the Code. (bb) "Option" means an option to purchase Common Shares granted pursuant to Section 6 hereof, all of which shall constitute Nonstatutory Stock Options. (cc) "Optionee" means an Employee, Non-Employee Director or Consultant who receive an Option. (dd) "Other Award" means an award granted to a Participant pursuant to Section 9 hereof. (ee) "Parent" means any corporation (other than the Company) in an unbroken chain of corporations ending with the Company if, at the time of grant of the Award, each of the corporations other than the Company owns stock or shares possessing 50% or more of the total combined Voting Power of all  |

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| &nbsp;&nbsp;![GRAPHIC](tm235888d1_ex99-1img005.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5 classes of stock or shares in one of the other corporations in such chain. A corporation that attains the status of a Parent on a date after the adoption of the Plan shall be considered a Parent commencing as of such date. (ff) "Participant" means each person who is granted an Award under the Plan. (gg) "Plan" means this Inter & Co, Inc 2022 Omnibus Incentive Plan, as amended and/or amended and restated from time to time. (hh) "Restricted Stock" means Common Shares subject to restrictions that are purchased or granted pursuant to Section 8 hereof. (ii) "Restricted Stock Unit" means a bookkeeping entry representing the right to receive a Common Share or an amount equal to the Fair Market Value of one Common Share upon vesting, granted pursuant to Section 8 hereof. Each Restricted Stock Unit represents an unfunded and unsecured obligation of the Company. (jj) "SAR" means a stock appreciation right granted pursuant to Section 7 hereof. (kk) "Securities Act" means the Securities Act of 1933, as amended. (ll) "Stock Exchange" means any stock exchange or consolidated stock price reporting system on which prices for the Common Stock are quoted at any given time. (mm) "Subsidiary" means any corporation (other than the Company) in an unbroken chain of corporations beginning with the Company if, at the time of grant of the Award, each of the corporations other than the last corporation in the unbroken chain owns stock possessing 50% or more of the total combined Voting Power of all classes of stock or shares in one of the other corporations in such chain. A corporation that attains the status of a Subsidiary on a date after the adoption of the Plan shall be considered a Subsidiary commencing as of such date. (nn) "Substitute Award" means an Award granted pursuant to Section 10 hereof. (oo) "Tax Withholding Obligations" means any applicable U.S. federal, state, local or non-U.S. tax withholding obligations, social contributions, required deductions or other similar obligations that may arise in connection with an Award (not to exceed the maximum statutory tax rate in any Participant's applicable jurisdiction(s)). (pp) "Voting Power" means the total combined voting power of all classes of stock or shares (or, in the case of an entity that is not a corporation, similar equity interests) of the relevant entity determined, to the extent applicable, in a manner consistent with the principles applicable to Section 409A of the Code. 3. Eligibility. All Employees, Non-Employee Directors and Consultants are eligible to be Participants under the Plan. 4. Administration and Delegation. (a) General. The Plan shall be administered by the Board. The Board may delegate some or all of its powers under the Plan to a Committee in its sole discretion and such Committee shall have the authority to administer the Plan with respect to the specific duties delegated to it. The Plan may be administered by different administrative bodies with respect to different classes of Participants. The Board may also from time to time authorize a subcommittee consisting of one or more members of the Board (including members who are Employees) or Employees to grant Awards to persons who are not  |

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| &nbsp;&nbsp;![GRAPHIC](tm235888d1_ex99-1img006.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6 "executive officers" of the Company (within the meaning of Rule 16a-1 under the Exchange Act) or Non-Employee Directors, subject to such restrictions and limitations as the Board may specify and to the requirements of Applicable Law. (b) Committee Composition. If a Committee has been appointed pursuant to this Section 4, such Committee shall continue to serve in its designated capacity until otherwise directed by the Board. Such Committee shall consist of two (2) or more persons. From time to time the Board may increase the size of any Committee and appoint additional members thereof, remove members (with or without cause) and appoint new members in substitution therefor, fill vacancies (however caused) and dissolve a Committee and thereafter directly administer the Plan, all to the extent permitted by the Applicable Laws. All of the powers and responsibilities of the Committee under the Plan may be delegated by the Committee, in writing, to any subcommittee thereof, in which case the acts of such subcommittee shall be deemed to be acts of the Committee hereunder. (c) Powers of the Administrator. Subject to the provisions of the Plan and, in the case of a Committee, the specific duties delegated by the Board to such Committee, the Administrator shall have the authority, in its sole discretion: (i) to administer the Plan and to adopt, amend and rescind from time to time rules and regulations for the administration of the Plan; (ii) to determine the Fair Market Value of the Common Shares; (iii) to select the Employees, Non-Employee Directors and Consultants to whom Awards may from time to time be granted; (iv) to determine the number of Common Shares to be covered by each Award (other than a cash-based Other Award), and the amount of cash to be covered by each cash-based Other Award; (v) to approve the form(s) of Award Agreement(s) and other related documents used under the Plan; (vi) to determine the terms and conditions, not inconsistent with the terms of the Plan, of any Award granted hereunder, which terms and conditions include but are not limited to the exercise or purchase price, the designated currency of any Award, the time or times when Awards may vest and/or be exercised (which may be based on service and/or performance criteria), the circumstances (if any) when vesting will be accelerated or forfeiture restrictions will be waived, and any restriction or limitation regarding any Award (including any blackout period or other trading restriction); (vii) to amend, waive or otherwise adjust the terms and conditions of any outstanding Award, any Award Agreement or any other agreement related to an Award, including any amendment adjusting vesting or exercisability (e.g., in connection with a change in the terms or conditions under which such person is providing services to the Company); provided that no such amendment, waiver or adjustment shall be made that would materially and adversely affect the rights of any Participant with respect to such Award without such Participant's consent; and provided, further, that the Administrator shall not have any such authority to the extent that the grant or exercise of such authority would cause any tax to become due under Section 409A of the Code; (viii) to (A) extend the term of any Award, including, without limitation, extending the period following a termination of a Participant's Continuous Service Status during which any such Award may remain outstanding or (B) provide for the accrual of dividends or dividend equivalents with respect to any such Award; provided that the Administrator shall not have any such authority to the  |

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| &nbsp;&nbsp;![GRAPHIC](tm235888d1_ex99-1img007.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7 extent that the grant or exercise of such authority would cause any tax to become due under Section 409A of the Code; (ix) to approve addenda pursuant to Section 4(d) hereof or to grant Awards to, or to modify the terms of any outstanding Award Agreement or any agreement related to any Option, SAR, Restricted Stock, Restricted Stock Unit, Substitute Award or Other Award held by, Participants who are foreign nationals or employed outside of the United States with such terms and conditions as the Administrator deems necessary or appropriate to accommodate differences in local law, tax policy or custom which deviate from the terms and conditions set forth in this Plan to the extent necessary or appropriate to accommodate such differences; (x) to construe and interpret the terms of the Plan, any Award Agreement and any agreement related to any Option, SAR, Restricted Stock, Restricted Stock Unit, Dividend Equivalent, Substitute Award or Other Award, which constructions, interpretations and decisions shall be final and binding on all Participants; and (xi) to exercise discretion to take or make any and all other actions or determinations which it determines to be necessary or advisable for the administration of the Plan. (d) Addenda. The Administrator may approve such addenda to the Plan as it may consider necessary or appropriate for the purpose of granting Awards to Employees, Non-Employee Directors or Consultants, which Awards may contain such terms and conditions as the Administrator deems necessary or appropriate to accommodate differences in local law, tax policy or custom, which, if so required under Applicable Laws, may deviate from the terms and conditions set forth in this Plan. The terms of any such addenda shall supersede the terms of the Plan to the extent necessary to accommodate such differences but shall not otherwise affect the terms of the Plan as in effect for any other purpose. (e) Delegation of Administration of the Plan. The Administrator may delegate the administration of the Plan to one or more officers or employees of the Company, and such delegate administrator(s) may have the authority to execute and distribute Award Agreements, to maintain records relating to Awards, to process or oversee the issuance of Common Shares under Awards, to interpret and administer the terms of Awards and to take such other actions as may be necessary or appropriate for the administration of the Plan and of Awards under the Plan; provided that in no case shall any such delegate administrator be authorized (i) to grant or modify Awards under the Plan (except in connection with any delegation made by the Administrator pursuant to Section 4 hereof), (ii) to take any action inconsistent with Section 409A of the Code, to the extent Section 409A of the Code is applicable to any Award, or (iii) to take any action inconsistent with Applicable Law. Any action by any such delegate administrator within the scope of its delegation shall be deemed for all purposes to have been taken by the Administrator and, except as otherwise specifically provided, references in this Plan to the Administrator shall include any such delegate administrator. The Administrator, and, to the extent it so provides, any subcommittee, shall have sole authority to determine whether to review any actions and/or interpretations of any such delegate administrator, and if the Administrator shall decide to conduct such a review, any such actions and/or interpretations of any such delegate administrator shall be subject to approval, disapproval or modification by the Administrator. (f) Indemnification. To the maximum extent permitted by Applicable Laws, each member of the Committee (including officers of the Company, if applicable), or of the Board, as applicable, or any Employee to whom the Board has delegated some or all of its powers pursuant to the terms hereof, shall be indemnified and held harmless by the Company against and from (i) any loss, cost, liability or expense that may be imposed upon or reasonably incurred by him or her in connection with or resulting from any claim, action, suit or proceeding to which he or she may be a party or in which he or she may be involved by reason of any action taken or failure to act under the Plan or pursuant to the terms and conditions  |

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| &nbsp;&nbsp;![GRAPHIC](tm235888d1_ex99-1img008.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8 of any Award except for actions taken in bad faith or failures to act in good faith, and (ii) any and all amounts paid by him or her in settlement thereof, with the Company's approval, or paid by him or her in satisfaction of any judgment in any such claim, action, suit or proceeding against him or her; provided that such member shall give the Company an opportunity, at its own expense, to handle and defend any such claim, action, suit or proceeding before he or she undertakes to handle and defend it on his or her own behalf. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such persons may be entitled under the Company's memorandum and articles of association, by contract, as a matter of law or otherwise, or under any other power that the Company may have to indemnify or hold harmless each such person. (g) Decisions of the Administrator. Decisions of the Administrator shall be final, binding and conclusive on all parties. For the avoidance of doubt, the Administrator may exercise all discretion granted to it under the Plan in a non-uniform manner among Participants and Awards, and the Administrator may take different actions with respect to the vested and unvested portions of an Award. (h) Repricing Program. Notwithstanding any provision of this Plan to the contrary, the terms of any Option or SAR may be amended, after the date of grant, to (i) reduce the exercise price of any Option or SAR issued under the Plan, (ii) issue any new Awards in substitution for outstanding Options or SARs previously granted to Participants, including if such action would be considered a repricing (within the meaning of U.S. generally accepted accounting principles or any applicable Stock Exchange rule), (iii) permit the Company to purchase (or otherwise "cash out") any Option or SAR issued under the Plan, including if, on the date of such purchase, the exercise price per Common Share covered by such Option or SAR is less than 100% of the Fair Market Value of a Common Share on such date, or (iv) otherwise provide a material increase in benefits to any holder of any Option or SAR, including if, on the date of such increase, the exercise price per Common Share covered by such Option or SAR is less than 100% of the Fair Market Value of a Common Share on such date, in the case of each of (i)-(iv) as approved by the Board. 5. Shares Available for Awards. (a) Available Shares. Subject to adjustment under Section 13, the maximum number of Common Shares available for the grant of Awards under the Plan is 10,028,988 Common Shares. Common Shares issued under the Plan may consist in whole or in part of authorized but unissued Common Shares, reacquired Common Shares or Common Shares held in treasury, as the Administrator determines in its sole discretion. If an Award should expire or become unexercisable for any reason without having been exercised in full, the unissued Common Shares that were subject to such Award shall, unless the Plan shall have been terminated, continue to be available under the Plan for issuance pursuant to future Awards. In addition, any Common Shares which are retained by the Company upon exercise of an Award or surrendered (either directly or by share attestation) by the Participant to the Company, in each case, in order to satisfy the exercise or purchase price for such Award or any Tax Withholding Obligations with respect to such Award shall be treated as not issued and shall continue to be available under the Plan for issuance pursuant to future Awards. Common Shares issued under the Plan that are later forfeited to the Company due to the failure to vest or that are repurchased by the Company at the original purchase price paid to the Company for the Common Shares (including, without limitation, upon forfeiture to or repurchase by the Company in connection with the termination of a Participant's Continuous Service Status) shall, in each case, again be available for future grant under the Plan. Common Shares covered by Awards granted pursuant to the Plan in connection with the assumption, replacement, conversion or adjustment of outstanding equity-based awards in the context of a corporate acquisition or merger (within the meaning of any applicable Stock Exchange rule) shall not count as issued under the Plan for purposes of this Section 5(a). (b) Limits Applicable to Non-Employee Directors. The maximum number of Common Shares subject to Awards (and of cash subject to cash-based Other Awards) granted under the  |

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| &nbsp;&nbsp;![GRAPHIC](tm235888d1_ex99-1img009.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9 Plan or otherwise during any one calendar year to any Non-Employee Director for service on the Board, (exclusive of any cash fees paid by the Company to such Non-Employee Director during such calendar year for service on the Board), will not exceed $750,000 in total value (calculating the value of any such Awards based on the grant date fair value of such Awards for financial reporting purposes) (the "Director Grant Limit"), which will be increased on the first day of each calendar year beginning with (and including) January 1, 2023 and ending with (and including) January 1, 2028, in an amount equal to the lesser of (i) the Director Grant Limit for the immediately preceding calendar year multiplied by the consumer price index of Brazil for the immediately preceding calendar year and (ii) an amount determined by the Administrator. (c) Shares Available Following Certain Transactions. Substitute Awards granted in accordance with applicable Stock Exchange requirements and in substitution or exchange for awards previously granted by a company acquired by the Company or any subsidiary or with which the Company or any subsidiary combines shall not reduce the shares authorized for issuance under the Plan or the limitations on grants to non-employee members of the Board under Section 5(b), nor shall shares subject to such Substitute Awards be added to the shares available for issuance under the Plan as provided above (whether or not such Substitute Awards are later cancelled, forfeited or otherwise terminated). 6. Stock Options. (a) General. The Administrator may from time to time grant Options on such terms as it shall determine, subject to the terms and conditions set forth in the Plan. (b) Term of Option. The term of each Option shall be the term stated in the Award Agreement; provided that the term shall be no more than ten (10) years from the date of grant thereof or such shorter term as may be provided in the Award Agreement. (c) Exercise Price. The per Common Share exercise price for the Common Shares to be issued pursuant to the exercise of an Option shall be such price as is determined by the Administrator and set forth in the Award Agreement, but shall be subject to the following: (i) The per Common Share exercise price shall be such price as is determined by the Administrator, provided that, if the per Common Share exercise price is less than 100% of the Fair Market Value on the date of grant, it shall otherwise comply with all Applicable Laws, including Section 409A of the Code (to the extent Section 409A of the Code is applicable to such Option); and (ii) notwithstanding the foregoing, Options may be granted (or assumed) with a per Share exercise price other than as required above pursuant to a merger or other corporate transaction. (d) Permissible Consideration. The consideration to be paid for the Common Shares to be issued upon exercise of an Option, including the method of payment, shall be determined by the Administrator and may consist entirely of (i) cash; (ii) check; (iii) other previously owned Common Shares that have a Fair Market Value on the date of surrender equal to the aggregate exercise price of the Common Shares as to which the Option is exercised; (iv) a Cashless Transaction; (v) such other consideration and method of payment permitted under Applicable Laws; or (vi) any combination of the foregoing methods of payment. In making its determination as to the type of consideration to accept, the Administrator shall consider if acceptance of such consideration may be reasonably expected to benefit the Company, and the Administrator may, in its sole discretion, refuse to accept a particular form of consideration at the time of any Option exercise. (e) Exercise of Options. (i) Exercisability. Any Option granted hereunder shall be exercisable at such times and under such conditions as determined by the Administrator, consistent with the terms of the Plan  |

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| &nbsp;&nbsp;![GRAPHIC](tm235888d1_ex99-1img010.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10 and reflected in the Award Agreement, including vesting criteria. Any such vesting criteria may be based upon the achievement of Company-wide, business unit, or individual goals (including, but not limited to, Continuous Service Status), or any other basis determined by the Administrator in its sole discretion. Each Option shall be exercisable in whole or in part. The partial exercise of an Option shall not cause the expiration, termination or cancellation of the remaining portion thereof. (ii) Minimum Exercise Requirements. An Option may not be exercised for a fraction of a Common Share. The Administrator may require that an Option be exercised as to a minimum number of Common Shares or a minimum aggregate exercise price; provided that such requirement shall not prevent an Optionee from exercising the full number of Common Shares as to which the Option is then exercisable. (iii) Procedures for and Results of Exercise. An Option shall be deemed exercised when written notice (which may be in electronic form) of such exercise has been received by the Company in accordance with the terms of the Award Agreement from the person entitled to exercise the Option and the Company has received full payment for the Common Shares with respect to which the Option is exercised and the person entitled to exercise the Option has paid, or made arrangements to satisfy, any Tax Withholding Obligations in accordance with Section 11 hereof. The exercise of an Option shall result in a decrease in the number of Common Shares that thereafter may be available, both for purposes of the Plan and for purchase under the Option, by the number of Shares as to which the Option is exercised. (iv) Rights as Holder of Common Shares. Until the issuance of the Common Shares (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any other rights as a holder of shares shall exist with respect to the Common Shares underlying an Option. No adjustment to the Common Shares underlying an Option will be made for a dividend or other right for which the record date is prior to the date of issuance of such Common Shares, except as provided in Section 13 hereof. (f) Termination of Continuous Service Status. The Administrator shall establish and set forth in the applicable Award Agreement the terms and conditions upon which an Option shall remain exercisable, if at all, following termination of an Optionee's Continuous Service Status, which provisions may be waived or modified by the Administrator at any time. To the extent that an Award Agreement does not specify the terms and conditions upon which an Option shall terminate upon termination of an Optionee's Continuous Service Status, the following provisions shall apply: (i) General Provisions. If the Optionee (or other person entitled to exercise the Option) does not exercise the Option to the extent so entitled within the time specified below, the Option shall terminate and the Common Shares underlying the unexercised portion of the Option shall revert to the Plan. In no event may any Option be exercised after the expiration of the Option term as set forth in the Award Agreement (and subject to Section 6(b) hereof). (ii) Termination other than Upon Disability or Death or for Cause. In the event of termination of an Optionee's Continuous Service Status other than under the circumstances set forth in subsections (iii) through (v) below, such Optionee may exercise any outstanding Option at any time within thirty (30) days following such termination to the extent the Optionee is vested in such Option. The unvested portion of any outstanding Option held by such Optionee shall immediately terminate upon the termination of the Optionee's Continuous Service Status. (iii) Disability of Optionee. In the event of termination of an Optionee's Continuous Service Status as a result of his or her Disability, such Optionee may exercise any outstanding Option at any time within six (6) months following such termination to the extent the Optionee is vested in  |

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| &nbsp;&nbsp;![GRAPHIC](tm235888d1_ex99-1img011.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11 such Option. The unvested portion of any outstanding Option held by such Optionee shall immediately terminate upon the termination of the Optionee's Continuous Service Status. (iv) Death of Optionee. In the event of the death of an Optionee during the period of Continuous Service Status since the date of grant of any outstanding Option, or within thirty (30) days following termination of Optionee's Continuous Service Status, the Option may be exercised by any beneficiaries designated in accordance with Section 22 hereof, or if there are no such beneficiaries, by the Optionee's estate, or by a person who acquired the right to exercise the Option by bequest or inheritance, at any time within twelve (12) months following the date of death or, if earlier, the date the Optionee's Continuous Service Status terminated, but only to the extent the Optionee is vested in such Option. The unvested portion of any outstanding Option held by such Optionee shall immediately terminate upon the termination of the Optionee's Continuous Service Status. (v) Termination for Cause. In the event of termination of an Optionee's Continuous Service Status for Cause, any outstanding Option (including any vested portion thereof) held by such Optionee shall immediately terminate in its entirety upon first notification to the Optionee of termination of the Optionee's Continuous Service Status for Cause. If an Optionee's Continuous Service Status is suspended pending an investigation of whether the Optionee's Continuous Service Status will be terminated for Cause, all the Optionee's rights under any Option, including the right to exercise the Option, shall be suspended during the investigation period. 7. SARs. (a) Right to Payment. A SAR is a right to receive, upon exercise thereof, the excess of (i) the Fair Market Value of one Common Share on the date of exercise over (ii) the grant price of the SAR as determined by the Administrator. (b) Grant Price. Each Award Agreement evidencing a SAR shall state the grant price per Common Share established by the Administrator; provided, however, that except as provided in Section 13 or in Section 16, if the per Common Share grant price is less than 100% of the Fair Market Value on the date of grant, it shall otherwise comply with all Applicable Laws, including Section 409A of the Code (to the extent Section 409A of the Code is applicable to such SAR). (c) Method of Exercise and Settlement; Other Terms. The Administrator shall determine the form of consideration payable upon settlement, the method by or forms in which Common Shares (if any) will be delivered or deemed to be delivered to Participants, and any other terms and conditions of any SAR. SARs may be either free-standing or granted in tandem with other Awards. No SAR may be exercisable for a period of more than ten years following the date of grant of the SAR. 8. Restricted Stock; Restricted Stock Units. (a) Restricted Stock. (i) Rights to Purchase or Receive. When a right to purchase or receive Restricted Stock is granted under the Plan, the Company shall advise the recipient in writing (which may be in electronic form) of the terms, conditions and restrictions applicable to the offer or grant, including the number of Common Shares that such person shall be entitled to purchase or receive and the price to be paid, if any (which shall be as determined by the Administrator, subject to Applicable Laws, including any applicable securities laws) The permissible consideration for Restricted Stock shall be determined by the Administrator and shall be the same as is set forth in Section 6(d) with respect to exercise of Options. (ii) Vesting Terms. The Restricted Stock shall vest at such rate or based on such criteria as the Administrator may determine. Any such vesting criteria may be based upon the  |

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| &nbsp;&nbsp;![GRAPHIC](tm235888d1_ex99-1img012.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12 achievement of Company-wide, business unit, or individual goals (including, but not limited to, Continuous Service Status), or any other basis determined by the Administrator in its sole discretion. Notwithstanding the foregoing, at any time after the delivery of Restricted Stock, the Administrator, in its sole discretion, may reduce or waive any applicable vesting criteria. (iii) Termination of Continuous Service Status. Unless otherwise provided in the applicable Award Agreement, in the event the Participant's Continuous Service Status is terminated for any reason (including death or Disability) prior to the vesting of Restricted Stock, such Common Share shall be (A) forfeited for no consideration, in the event it was granted to the Participant, or (B) subject to a repurchase option exercisable by the Company at the lower of the current Fair Market Value of each Restricted Stock or the original purchase price paid by the Participant, in the event it was purchased by the Participant. (iv) Other Provisions. The Award Agreement shall contain such other terms, provisions and conditions not inconsistent with the Plan as may be determined by the Administrator in its sole discretion. (v) Rights as a Holder of Common Shares. Unless otherwise provided in the applicable Award Agreement, once the Restricted Stock is purchased or received, the Participant shall have the rights equivalent to those of a holder of Common Shares, and shall be a record holder when his or her purchase and/or the issuance of the Common Shares is entered upon the records of the duly authorized transfer agent of the Company. No adjustment will be made for a dividend or other right for which the record date is prior to the date the Restricted Stock is purchased or received. (b) Restricted Stock Units. (i) Award Terms. When Restricted Stock Units are granted under the Plan, the Company shall advise the recipient in writing (which may be in electronic form) of the terms, conditions and restrictions applicable to the Award, including the number of Restricted Stock Units that such person shall be entitled to receive. (ii) Vesting and Settlement. The Administrator may, in its sole discretion, set vesting criteria for the Restricted Stock Units that must be met in order to be eligible to receive a payout pursuant to the Award (note that the Administrator may specify additional conditions which must also be met in order to receive a payout pursuant to the Award). Any such vesting criteria may be based upon the achievement of Company-wide, business unit, or individual goals (including, but not limited to, Continuous Service Status), or any other basis determined by the Administrator in its sole discretion. Notwithstanding the foregoing, at any time after the grant of Restricted Stock Units, the Administrator, in its sole discretion, may reduce or waive any applicable vesting criteria. (iii) Form and Timing of Settlement. Settlement of earned Restricted Stock Units will be made upon the date(s) or event(s) determined by the Administrator and may be subject to additional conditions, if any, each as set forth in the applicable Award Agreement. The Administrator, in its sole discretion, may provide for the settlement of earned Restricted Stock Units in cash, Common Shares, or a combination of both. In addition, the Administrator may, in its discretion, provide that settlement of Restricted Stock Units shall be deferred, on a mandatory basis or at the election of the Participant in a manner that complies with Section 409A of the Code. (iv) Termination of Continuous Service Status. Unless otherwise provided in the applicable Award Agreement, in the event the Participant's Continuous Service Status is terminated for any reason (including death or Disability) prior to the vesting of a share of a Restricted Stock Unit, such Restricted Stock Unit shall be forfeited for no consideration. |

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| &nbsp;&nbsp;![GRAPHIC](tm235888d1_ex99-1img013.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13 (v) Other Provisions. The applicable Award Agreement shall contain such other terms, provisions and conditions not inconsistent with the Plan as may be determined by the Administrator in its sole discretion. (vi) Rights as a Holder of Common Shares. Until the issuance of the Common Shares (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company) (if any), no right to vote or receive dividends or any other rights as a holder of Common Shares shall exist with respect to the Restricted Stock Units; provided, however, that the applicable Award Agreement may provide Participants with the right to receive dividend equivalents that may be settled in cash and/or Common Shares and which shall be subject to the same restrictions on transfer and forfeitability as the Restricted Stock Units with respect to which paid, in each case to the extent provided in the Award Agreement. No adjustment will be made for a dividend or other right for which the record date is prior to the date of issuance, except as provided in Section 16 hereof. 9. Other Awards. (a) General. The Administrator may from time to time grant cash-based (including annual incentive awards), equity-based or equity-related awards not otherwise described herein in such amounts and on such terms as it shall determine, subject to the terms and conditions set forth in the Plan. Without limiting the generality of the preceding sentence, each such Other Award may (i) involve the transfer of actual Common Shares to Participants, either at the time of grant or thereafter, or payment in cash or otherwise, (ii) be subject to performance-based vesting conditions and/or multipliers and/or service-based vesting conditions, (iii) be in the form of cash, SARs, phantom shares, performance shares, deferred share units, share-denominated performance units or other similar awards and (iv) be designed to comply with Applicable Laws of jurisdictions other than the United States; provided that each cash-based Other Award shall be denominated in cash and each equity-based or equity-related Other Award shall be denominated in, or shall have a value determined by reference to, a number of Common Shares, in each case that is specified (or will be determined using a formula that is specified) at the time of the grant of such Other Award. (b) Award Terms. When Other Awards are granted under the Plan, the Company shall advise the recipient in writing (which may be in electronic form) of the terms, conditions and restrictions applicable to the Other Award. (c) Vesting, Settlement and Payment. The Administrator may, in its sole discretion, set vesting criteria for the Other Award that must be met in order to be eligible to receive a payout pursuant to the Award (note that the Administrator may specify additional conditions which must also be met in order to receive a payout pursuant to the Award). Any such vesting criteria may be based upon the achievement of Company-wide, business unit, or individual goals (including, but not limited to, Continuous Service Status), or any other basis determined by the Administrator in its sole discretion. Notwithstanding the foregoing, at any time after the grant of the Other Award, the Administrator, in its sole discretion, may reduce or waive any applicable vesting criteria. (d) Form and Timing of Settlement or Payment. Settlement or payment of earned Other Awards will be made upon the date(s) or event(s) determined by the Administrator and may be subject to additional conditions, if any, each as set forth in the applicable Award Agreement. The Administrator will settle earned cash-based Other Awards solely in cash but, in its sole discretion, may settle earned equity-based or equity-related Other Awards in cash, Common Shares, or a combination of both. (e) Other Provisions. The Award Agreement for Other Awards shall contain such other terms, provisions and conditions not inconsistent with the Plan as may be determined by the Administrator in its sole discretion. |

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| &nbsp;&nbsp;![GRAPHIC](tm235888d1_ex99-1img014.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14 (f) Rights as a Holder of Common Shares. Until the issuance of the Common Shares (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company) (if any), no right to vote or receive dividends or any other rights as a holder of Common Shares shall exist with respect to the equity-based or equity-related Other Awards. No adjustment will be made for a dividend or other right for which the record date is prior to the date of issuance, except as provided in Section 16 hereof. 10. Substitute Awards. (a) Awards may be granted in substitution or exchange for any other Award granted under the Plan or under another plan of the Company or an Affiliate or any other right of a Participant to receive payment from the Company or an Affiliate. Awards may also be granted under the Plan in substitution for awards held by individuals who become Participants as a result of a merger, consolidation or acquisition of another entity or the assets of another entity by or with the Company or an Affiliate. 11. Taxes. (a) As a condition of the grant, vesting and exercise or settlement of an Award, the Participant (or, in the case of the Participant's death or a permitted transferee, the person holding, exercising or receiving the proceeds of the Award) shall make such arrangements as the Administrator may require for the satisfaction of any Tax Withholding Obligations that may arise in connection with such Award. The Company shall not be required to issue any Common Shares under the Plan until such obligations are satisfied. (b) The Administrator may, in its sole discretion, permit or require a Participant (or, in the case of the Participant's death or a permitted transferee, the person holding, exercising or receiving the proceeds of the Award) to satisfy all or part of his or her Tax Withholding Obligations by remitting cash to the Company, by Cashless Transaction or by surrendering Common Shares (either directly or by stock attestation) that he or she previously acquired; provided that, unless specifically permitted by the Administrator (i) any Cashless Transaction must be an approved broker-assisted Cashless Transaction and the Shares withheld in the Cashless Transaction must be limited to avoid financial accounting charges under applicable accounting guidance, and (ii) any surrendered Common Shares must have been previously held for at least six months plus one day. Any payment of taxes by surrendering Common Shares to the Company may be subject to restrictions, including, but not limited to, any restrictions required by rules of the Securities and Exchange Commission. In addition, upon the exercise or settlement of any Award in cash, or the making of any other payment with respect to any Award (other than in Common Shares), the Company shall have the right to withhold from any payment required to be made pursuant thereto an amount sufficient to satisfy any Tax Withholding Obligations attributable to such exercise, settlement or payment. (c) The Company will have no duty or obligation to any Participant to advise such holder as to the tax treatment or time or manner of exercising an Award. Furthermore, the Company will have no duty or obligation to warn or otherwise advise such holder of a pending termination or expiration of an Award or a possible period in which the Award may not be exercised. The Company has no duty or obligation to minimize the tax consequences of an Award to the holder of such Award. 12. Non-Transferability of Awards. Unless otherwise determined by the Administrator, Awards may not be sold, pledged, assigned, hypothecated, transferred or disposed of in any manner other than by will or by the laws of descent or distribution. The designation of a beneficiary by a Participant will not constitute a transfer. An Option or SAR may be exercised, during the lifetime of the holder of the Option or SAR, only by such holder or a transferee permitted by this Section 12. Upon the death of a Participant, outstanding Awards granted to such Participant may be exercised only by the executors or administrators of the Participant's estate, by any person or persons who shall have acquired such right to  |

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| &nbsp;&nbsp;![GRAPHIC](tm235888d1_ex99-1img015.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15 exercise by will or by the laws of descent and distribution or by another transferee permitted by the Administrator pursuant to this Section 12. No transfer by will, the laws of descent and distribution or otherwise of any Award, or of the right to exercise any Award, shall be effective to bind the Company unless (a) the Administrator shall have been furnished with written notice thereof and with a copy of the will and/or such evidence as the Administrator may deem necessary to establish the validity of the transfer, (b) if the transfer was other than by will or by the laws of descent or distribution, the Administrator has provided its written consent to such transfer, and (c) the Administrator shall have been furnished with an agreement by the transferee to comply with all the terms and conditions of the Award that are or would have been applicable to the Participant, to be bound by the acknowledgements made by the Participant in connection with the grant of the Award and, if the transfer was other than by will or by the laws of descent or distribution, to be bound by any additional conditions the Administrator may, in its sole discretion, impose. For the avoidance of doubt, to the extent an unvested Award is transferred, the Continuous Service Status of the Participant will continue to determine, without limitation, the vesting and exercisability of such Award, to the same extent that the Continuous Service Status of the Participant would have done so had the Participant continued to directly hold such Award. 13. Adjustments Upon Changes in Capitalization, Merger or Certain Other Transactions. (a) Changes in Capitalization. Subject to any action required under Applicable Laws by the holders of Common Shares, (i) the numbers and class (or type) of Common Shares, units representing Common Shares, or other shares or securities: (x) available for future Awards under Section 5 hereof and (y) covered by each outstanding Award, (ii) the price per Common Share covered by each such outstanding Option or SAR, and (iii) any repurchase price per Common Share applicable to Common Shares issued pursuant to any Award, shall be proportionately adjusted (or substituted) by the Administrator in the event of a share subdivision, share dividend, combination, consolidation, recapitalization, or reclassification of the Common Shares, extraordinary dividend of cash or other property, subdivision of the Common Shares, exchange of the Common Shares, a rights offering, a reorganization, merger, spin-off, split-up, change in corporate structure, other increase or decrease in the number of Common Shares or other similar occurrence. Any adjustment by the Administrator pursuant to this Section 16 shall be made in the Administrator's sole discretion and shall be final, binding and conclusive. Except as expressly provided herein, (I) no issuance by the Company of shares of any class, or securities convertible into shares of any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number or price of Common Shares subject to, or the terms related to, an Award, and (II) no Participant shall have any rights by reason of any subdivision or consolidation of shares of any class, the payment of any dividends or dividend equivalents, any increase or decrease in the number of shares of any class or any dissolution, liquidation, merger or consolidation of the Company or any other corporation. If, by reason of a transaction described in this Section 13 or an adjustment pursuant to this Section 16, a Participant's Award Agreement or agreement related to any Common Share relating to or underlying an Award covers additional or different shares or securities (or units representing additional or different shares or securities), then such additional or different shares (and the units representing such additional or different shares), and the Award Agreement or agreement related to the Common Shares underlying an Award, shall be subject to all of the terms, conditions and restrictions which were applicable to the Award or Common Shares underlying the Award prior to such adjustment. (b) Dissolution or Liquidation. In the event of the dissolution or liquidation of the Company, each Award will terminate immediately prior to the consummation of such action, unless otherwise determined by the Administrator. (c) Corporate Transactions. In the event of (i) a transfer of all or substantially all of the Company's assets, (ii) a merger, consolidation or other capital reorganization or business combination  |

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| &nbsp;&nbsp;![GRAPHIC](tm235888d1_ex99-1img016.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16 transaction of the Company with or into another corporation, entity or person, or (iii) the consummation of a transaction, or series of related transactions, in which any "person" (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becomes the "beneficial owner" (as defined in Rule 13d-3 of the Exchange Act), directly or indirectly, of more than 50% of the total Voting Power of the Company (each transaction set forth in clauses (i) through (iii) hereof, a "Corporate Transaction"), each outstanding Award (vested or unvested) will be treated as the Administrator determines, which determination may be made without the consent of any Participant and need not treat all outstanding Awards (or portion thereof) in an identical manner. Such determination, without the consent of any Participant, may provide (without limitation) for one or more of the following in the event of a Corporate Transaction: (A) the continuation of such outstanding Awards by the Company (if the Company is the surviving corporation); (B) the assumption of such outstanding Awards by the surviving corporation or its parent; (C) the substitution by the surviving corporation or its parent of new awards for such Awards; (D) the cancellation of such Awards in exchange for a payment to the Participants equal to the excess (if any) of (1) the Fair Market Value of the Common Shares subject to such Awards as of the closing date of such Corporate Transaction (which may, for this purpose, be determined by reference to the value, as determined by the Administrator, of the property (including cash) received by the holder of a Common Share as a result of such Corporate Transaction) over (2) the exercise price or purchase price paid or to be paid for the Common Shares subject to the Awards (if any); or (E) the cancellation of any outstanding Awards for no consideration. (d) Savings Clause. No provision of this Section 16 shall be given effect to the extent that such provision would cause any tax to become due under Section 409A of the Code. 14. Change in Control. In the event of a Change in Control or other changes in the Company or the outstanding Common Shares by reason of a recapitalization, reorganization, merger, consolidation, combination, exchange or other relevant change occurring after the date of the grant of any Award, the Administrator, acting in its sole discretion without the consent or approval of any holder, may exercise any power enumerated in Section 4 (including the power to accelerate vesting, waive any forfeiture conditions or otherwise modify or adjust any other condition or limitation regarding an Award) and may also effect one or more of the following alternatives, which may vary among individual holders and which may vary among Awards held by any individual holder: (a) accelerate the time of exercisability of an Award so that such Award may be exercised in full or in part for a limited period of time on or before a date specified by the Administrator, after which specified date all unexercised Awards and all rights of holders thereunder shall terminate; (b) redeem in whole or in part outstanding Awards by requiring the mandatory surrender to the Company by selected holders of some or all of the outstanding Awards held by such holders (irrespective of whether such Awards are then vested or exercisable) as of a date, specified by the Administrator, in which event the Administrator shall thereupon cancel such Awards and pay to each holder an amount of cash or other consideration per Award (other than a Dividend Equivalent or cash-based Other Award, which the Administrator may separately require to be surrendered in exchange for cash or other consideration determined by the Administrator in its discretion) equal to the Change in Control Price, less the exercise price with respect to an Option and less the grant price with respect to an SAR, as applicable to such Awards; provided, however, that to the extent the exercise price of an Option or the grant price of an SAR exceeds the Change in Control Price, such Award may be cancelled for no consideration; (c) cancel Awards that remain subject to a restricted period as of the date of a Change in Control or other such event without payment of any consideration to the Participant for such Awards; or (d) make such adjustments to Awards then outstanding as the Administrator deems appropriate to reflect such Change in Control or other such event (including the substitution, assumption, or continuation of Awards by the successor company or a parent or subsidiary thereof). |

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| &nbsp;&nbsp;![GRAPHIC](tm235888d1_ex99-1img017.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17 15. Time of Granting of Awards. The date of grant of an Award shall, for all purposes, be the date on which the Administrator makes the determination granting such Award, or such other date as is determined by the Administrator. 16. Amendment and Termination of the Plan. The Board may at any time amend or terminate the Plan, but no amendment or termination (other than an adjustment pursuant to Section 13 hereof) shall be made that would materially and adversely affect the rights of any Participant under any outstanding Award, without his or her consent. The preceding sentence shall not restrict the Administrator's ability to exercise its discretionary authority hereunder, which discretion may be exercised without amendment to the Plan. No provision of this Section 19 shall be given effect to the extent that such provision would cause any tax to become due under Section 409A of the Code. In addition, to the extent necessary and desirable to comply with the Applicable Laws, the Company shall obtain the approval of holders of Common Shares with respect to any Plan amendment in such a manner and to such a degree as required. 17. Recoupment. Notwithstanding anything in the Plan or in any Award Agreement to the contrary, the Company will be entitled to the extent permitted or required by Applicable Law, any Company policy that is or may be adopted and/or the requirements of a Stock Exchange on which the Common Shares are listed for trading, in each case, as in effect from time to time, to recoup compensation of whatever kind paid by the Company at any time to a Participant under this Plan. No such recoupment of compensation will be an event giving rise to a right to resign for "good reason" or "constructive termination" (or similar term) under any agreement between any Participant and the Company. 18. Changes in Status & Leaves of Absence. The Administrator shall have the discretion to determine (whether by establishing a policy applicable to the treatment of any or all Awards in such circumstances, or by making an individualized determination) at any time whether and to what extent any tolling, reduction, vesting-extension, forfeiture or other treatment should be applied to an Award in connection with a Participant's leave of absence or a change in a Participant's regular level of time commitment to the Company or any of its Parents, Subsidiaries or Affiliates, as applicable (e.g., in connection with a change from full-time to part-time status); provided, however, that the Administrator shall not have any such discretion (whether pursuant to a policy or specific determination) to the extent that the grant of such discretion would cause any tax to become due under Section 409A of the Code; and provided, further, that in the absence of a determination to the contrary by the Administrator, vesting shall continue during any paid leave and shall be tolled during any unpaid leave (in all cases, unless otherwise required by Applicable Laws or unless it would cause any tax to become due under Section 409A of the Code). In the event of any such tolling, forfeiture, reduction or extension, the Participant shall have no right to the portion of the Award so tolled, forfeited, reduced or extended (except for the right that remains, if any, after the application of such action). 19. Failure to Comply. In addition to the remedies of the Company elsewhere provided for herein, failure by a Participant to comply with any of the terms and conditions of the Plan or any Award Agreement, unless such failure is remedied by such Participant within ten days after having been notified of such failure by the Administrator, shall be grounds for the cancellation and forfeiture of such Award, in whole or in part, as the Administrator, in its sole discretion, may determine. 20. Conditions Upon Issuance of Shares; Securities Matters. The Company shall be under no obligation to affect the registration pursuant to the Securities Act of 1933, as amended, of any Common Shares to be issued hereunder or to effect similar compliance under any state, local or non-U.S. laws. Notwithstanding any other provision of the Plan or any Award Agreement, the Company shall not be obligated, and shall have no liability for failure, to issue or deliver any Common Shares under the Plan unless such issuance or delivery would comply with the Applicable Laws, with such compliance determined by the Company in consultation with its legal counsel. The Administrator may require, as a condition to  |

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| &nbsp;&nbsp;![GRAPHIC](tm235888d1_ex99-1img018.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18 the issuance of Common Shares pursuant to the terms hereof, that the recipient of such Common Shares make such covenants, agreements and representations, and that any related certificates representing such Common Shares bear such legends, as the Administrator, in its sole discretion, deems necessary or desirable. The exercise or settlement of any Award granted hereunder shall only be effective at such time as counsel to the Company shall have determined that the issuance and delivery of Common Shares pursuant to such exercise or settlement is in compliance with all Applicable Laws. The Company may, in its sole discretion, defer the effectiveness of any exercise or settlement of an Award granted hereunder in order to allow the issuance of Common Shares pursuant thereto to be made pursuant to registration or an exemption from registration or other methods for compliance available under U.S. federal, state, local or non-U.S. securities laws. The Company shall inform the Participant in writing of its decision to defer the effectiveness of the exercise or settlement of an Award granted hereunder. During the period that the effectiveness of the exercise of an Award has been deferred, the Participant may, by written notice, withdraw such exercise and obtain the refund of any amount paid with respect thereto. 21. Section 409A. (a) Unless otherwise expressly provided for in an Award Agreement, the Plan and each Award Agreement will be interpreted to the greatest extent possible in a manner that makes the Plan and the Awards granted hereunder exempt from Section 409A of the Code, and, to the extent not so exempt, in compliance with Section 409A of the Code. If the Administrator determines that any Award granted hereunder is not exempt from and is therefore subject to Section 409A of the Code, the Award Agreement evidencing such Award will incorporate the terms and conditions necessary to avoid the consequences specified in Section 409A(a)(1) of the Code, and to the extent an Award Agreement is silent on terms necessary for compliance, such terms are hereby incorporated by reference into the Award Agreement. Notwithstanding anything to the contrary in this Plan (and unless the Award Agreement specifically provides otherwise), if the Common Shares are publicly traded, and if a Participant holding an Award that constitutes "deferred compensation" under Section 409A of the Code is a "specified employee" for purposes of Section 409A of the Code, no distribution or payment of any amount that is due because of a "separation from service" (as defined in Section 409A of the Code without regard to alternative definitions thereunder) will be issued or paid before the date that is six (6) months following the date of such Participant's "separation from service" (as defined in Section 409A of the Code without regard to alternative definitions thereunder) or, if earlier, the date of the Participant's death, unless such distribution or payment can be made in a manner that complies with Section 409A of the Code, and any amounts so deferred will be paid in a lump sum on the day after such six month period elapses, with the balance paid thereafter on the original schedule. Each payment provided any Participant in connection with an Award granted hereunder shall be considered a separate payment for purposes of Section 409A of the Code. (b) With respect to any Award that constitutes nonqualified deferred compensation within the meaning of Section 409A of the Code, termination of a Participant's Continuous Service Status shall mean a separation from service within the meaning of Section 409A of the Code, unless the Participant was an Employee immediately prior to such termination and is then contemporaneously retained as a Consultant or Non-Employee Director pursuant to a written agreement and such agreement provides otherwise. The Continuous Service Status of a Participant shall be deemed to have terminated for all purposes of the Plan if such person is employed by or provides services to Subsidiary and such Subsidiary ceases to be a Subsidiary, unless the Administrator determines otherwise. To the extent permitted by Section 409A of the Code, a Participant who ceases to be an Employee of the Company but continues, or simultaneously commences, services as a Non-Employee Director of the Company shall be deemed to have had a termination of Continuous Service Status for purposes of the Plan. (c) Notwithstanding the foregoing, neither the Company nor the Administrator shall have any obligation to take any action to prevent the assessment of any additional tax or penalty on any  |

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| &nbsp;&nbsp;![GRAPHIC](tm235888d1_ex99-1img019.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19 Participant under Section 409A of the Code and neither the Company nor the Administrator will have any liability to any Participant for such tax or penalty. 22. Beneficiaries. Unless stated otherwise in an Award Agreement, a Participant may designate one or more beneficiaries with respect to an Award by timely filing the prescribed form with the Company. A beneficiary designation may be changed by filing the prescribed form with the Company at any time before the Participant's death. If no beneficiary was designated or if no designated beneficiary survives the Participant, then, after a Participant's death, any vested Award(s) shall be transferred or distributed to the Participant's estate. 23. Expenses and Receipts. The expenses of the Plan shall be paid by the Company. Any proceeds received by the Company in connection with any Award will be used for general corporate purposes. 24. Approval of the Company's Shareholders. If required by the Applicable Laws, continuance of the Plan shall be subject to approval by the Company's shareholders. Such approval shall be obtained in the manner and to the degree required under the Applicable Laws. 25. Corporate Action Constituting Grant of Awards. Corporate action constituting a grant by the Company of an Award to any Participant shall be deemed completed as of the date of such corporate action, unless otherwise determined by the Administrator, regardless of when the instrument, certificate, or letter evidencing the Award is communicated to, or actually received or accepted by, the Participant. In the event that the corporate records (e.g., Board or Committee consents, resolutions or minutes) documenting the corporate action constituting the grant contain terms (e.g., exercise price, vesting schedule or number of Common Shares) are inconsistent with those in the Award Agreement or related grant documents as a result of a clerical error in the preparation of the Award Agreement or related grant documentation, the corporate records will control, and the Participant will have no legally binding right to the incorrect term in the Award Agreement or related grant documentation. 26. No Employment Rights. Neither the Plan nor any Award shall confer upon any Employee, Non-Employee Director or Consultant any right with respect to continuation of an employment or consulting relationship with the Company (or any Parent, Subsidiary or Affiliate thereof), nor shall it interfere in any way with (i) such Employee's, Non-Employee Director's or Consultant's right or the Company's (or Parent's, Subsidiary's or Affiliate's) right to terminate his or her employment or service relationship at any time, with or without Cause, or (ii) the Company's right to increase or decrease the compensation of the Participant from the rate in existence at the time of the grant of an Award. No payment with respect to any Awards under the Plan shall be taken into account in determining any benefits under any pension, retirement, profit sharing, group insurance or other benefit plan of the Company except as otherwise specifically provided in such other plan. 27. No Right to Awards. No person shall have any claim or right to receive an Award hereunder. The Administrator's granting of an Award to a Participant at any time shall neither require the Administrator to grant an Award to such Participant, or to any other Participant or other person at any time, nor preclude the Administrator from making subsequent grants to such Participant or any other Participant or other person. 28. Deferral of Awards. The Board may establish one or more programs under the Plan to permit selected Participants the opportunity to elect to defer receipt of consideration upon exercise of an Award, satisfaction of performance criteria, or other event that absent the election would entitle the Participant to payment or receipt of Common Shares or other consideration under an Award. The Board may establish the election procedures, the timing of such elections, the mechanisms for payments of, and accrual of interest or other earnings, if any, on amounts, Common Shares or other consideration so deferred,  |

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| &nbsp;&nbsp;![GRAPHIC](tm235888d1_ex99-1img020.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20 and such other terms, conditions, rules and procedures that the Board deems advisable for the administration of any such deferral program. 29. Unfunded Plan. The Plan shall be unfunded. Neither the Company nor any of its Subsidiaries, Parents or Affiliates shall be required to establish any special or separate fund or to segregate any assets to assure the performance of its obligations under the Plan. 30. No Fractional Shares. No fractional Common Shares shall be issued or delivered pursuant to the Plan, including pursuant to any adjustment under Section 16. The Board shall determine whether cash, additional Awards or other securities or property shall be issued or paid in lieu of fractional Common Shares or whether any fractional Common Shares should be rounded, forfeited or otherwise eliminated. 31. Documentation & Forfeiture Events. Each Award shall be evidenced in an Award Agreement. Each Award Agreement may contain terms and conditions in addition to those set forth in the Plan. The Administrator may specify in an Award Agreement that the Participant's rights, payments and benefits with respect to an Award shall be subject to reduction, cancellation, forfeiture or recoupment upon the occurrence of certain events, in addition to applicable vesting conditions of an Award. Such events may include, without limitation, breach of non-competition, non-solicitation, confidentiality, or other restrictive covenants that are contained in the Award Agreement or otherwise applicable to the Participant, a termination of the Participant's service for Cause, or other conduct by the Participant that is detrimental to the business or reputation of the Company and/or its Affiliates. The Award Agreements authorized under the Plan may contain such other provisions not inconsistent with the Plan, including, without limitation, restrictions upon the exercise of Awards, as the Board may deem advisable. 32. Severability. If all or any part of this Plan is declared by any court or governmental authority to be unlawful or invalid, such unlawfulness or invalidity shall not serve to invalidate any portion of this Plan not declared to be unlawful or invalid. Any Section or part of a Section so declared to be unlawful or invalid shall, if possible, be construed in a manner that will give effect to the terms of such Section or part of a Section to the fullest extent possible while remaining lawful and valid. 33. Governing Law. The Plan and the rights of all persons under the Plan shall be construed and administered in accordance with the laws of the State of New York without regard to its conflict of law principles. 34. Headings. The headings in this Plan are included solely for convenience of reference and if there is any conflict between such headings and the text of this Plan, the text shall control. 35. Term of Plan. The Plan shall come into existence upon its adoption by the Board and shall become effective subject to the approval of the holders of share capital of the Company as provided in Section 24 hereof. It shall continue in effect for a term of five (5) years from its adoption by the Board unless sooner terminated under Section 16 hereof. No Award shall be granted pursuant to the Plan after such termination date, but Awards theretofore granted may extend beyond that date. As adopted by the Board of Directors of Inter & Co, Inc on December 5, 2022. As approved by the shareholders of Inter & Co, Inc on January 4, 2023. |

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## Exhibit 99.2

#### Exhibit 99.2

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| &nbsp;&nbsp;![GRAPHIC](tm235888d1_ex99-2img001.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2341038.1 PRONTO MONEY TRANSFER INC. AMENDED AND RESTATED 2020 EQUITY INCENTIVE PLAN 1. Purposes and Term of this Plan. 1.1 Purpose. The purposes of this Plan are to (a) attract and retain the best available personnel for positions of substantial responsibility; (b) provide additional incentive to Employees, Directors and Consultants; and (c) promote the success of the Company's business. This Plan permits the grant of Incentive Stock Options, Nonstatutory Stock Options, Stock Appreciation Rights and Restricted Stock. The Company intends that securities issued pursuant to this Plan be exempt from requirements of registration and qualification of such securities pursuant to the exemptions afforded by Rule 701 promulgated under the Securities Act and any applicable exemptions under applicable state securities laws, and this Plan shall be so construed. Further, the Company intends that Awards granted pursuant to this Plan be exempt from or comply with Section 409A of the Code (including any amendments or replacements of such section), and this Plan shall be so construed. 1.2 Term of Plan. This Plan shall continue in effect until its termination by the Board; provided, however, that all Awards shall be granted, if at all, within ten (10) years from the earlier of the date this Plan is adopted by the Board or the date this Plan is duly approved by the stockholders of the Company. 2. Definitions and Construction. 2.1 Definitions. Whenever used herein, the following terms shall have their respective meanings set forth below: (a) "Administrator" means the Board or any of its Committees as will be administering this Plan, in accordance with Section 4 below. (b) "Applicable Laws" means the requirements relating to the administration of equity-based awards under U.S. state corporate laws, U.S. federal and state securities laws, the Code, any stock exchange or quotation system on which Shares are listed or quoted and the applicable laws of any foreign country or jurisdiction where Awards are, or will be, granted under this Plan. (c) "Award" means, individually or collectively, a grant of Options, Stock Appreciation Rights or Restricted Stock. (d) "Award Agreement" means the written or electronic agreement setting forth the terms and provisions applicable to each Award granted under this Plan. The Award Agreement is subject to the terms and conditions of this Plan. (e) "Board" means the Board of Directors of the Company. (f) "Cashless Exercise" shall have the meaning set forth in Section 5.7(b)(ii). (g) "Cause" means any of the following: (i) any willful material violation by a Participant of any law or regulation applicable to the business of the Company, a Participant's conviction for or guilty plea to, a felony or a crime involving moral turpitude or any willful perpetration by a Participant |

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| &nbsp;&nbsp;![GRAPHIC](tm235888d1_ex99-2img002.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2341038.1 of a common law fraud; (ii) a Participant's commission of an act of personal dishonesty which involves a personal profit in connection with the Company or any other entity having a business relationship with the Company; (iii) any material breach by a Participant of any material provision of any agreement or understanding between the Company and such Participant regarding the terms of such Participant's service as an Employee, Director or Consultant to the Company, including without limitation, the willful and continued failure or refusal of a Participant to perform the material duties required of such Participant as an Employee, Director or Consultant of the Company, other than as a result of having a Disability, or a breach of any applicable invention assignment and confidentiality agreement or similar agreement between the Company and such Participant; (iv) a Participant's intentional disregard of the policies of the Company so as to cause loss, damage or injury to the property, reputation or Employees of the Company; or (v) any other misconduct by a Participant which is materially injurious to the financial condition or business reputation of, or is otherwise materially injurious to, the Company. The foregoing shall be interpreted in a manner consistent with the definition of "cause" referenced in Section 260.140.41(e) of Title 10 of the California Code of Regulations. (h) "Change in Control" means the occurrence of any of the following events: (i) A change in the ownership of the Company which occurs on the date that any one person, or more than one person acting as a group ("Person"), acquires ownership of the stock of the Company that, together with the stock held by such Person, constitutes more than fifty percent (50%) of the total voting power of the stock of the Company; provided, however, that for purposes of this subsection, the acquisition of additional stock by any one Person, who is considered to own more than fifty percent (50%) of the total voting power of the stock of the Company will not be considered a Change in Control; (ii) A change in the effective control of the Company which occurs on the date that a majority of members of the Board is replaced during any twelve (12) month period by Directors whose appointment or election is not endorsed by a majority of the members of the Board prior to the date of the appointment or election. For purposes of this clause (ii), if any Person is considered to be in effective control of the Company, the acquisition of additional control of the Company by the same Person will not be considered a Change in Control; or (iii) A change in the ownership of a substantial portion of the Company's assets which occurs on the date that any Person acquires (or has acquired during the twelve (12) month period ending on the date of the most recent acquisition by such Person or Persons) assets from the Company that have a total gross fair market value equal to or more than fifty percent (50%) of the total gross fair market value of all of the assets of the Company immediately prior to such acquisition or acquisitions; provided, however, that for purposes of this subsection (iii), the following will not constitute a change in the ownership of a substantial portion of the Company's assets: (A) a transfer to an entity that is controlled by the Company's stockholders immediately after the transfer, or (B) a transfer of assets by the Company to: (1) a stockholder of the Company (immediately before the asset transfer) in exchange for or with respect to the Company's stock, (2) an entity, fifty percent (50%) or more of the total value or voting power of which is owned, directly or indirectly, by the Company, (3) a Person, that owns, directly or indirectly, fifty percent (50%) or more of the total value or voting power of all the outstanding stock of the Company, or (4) an entity, at least fifty percent (50%) of the total value or voting power of which is owned, directly or indirectly, by a Person described in this subsection (iii)(B)(3). For purposes of this subsection (iii), gross fair market value means the value of the assets of the Company, or the value of the assets being disposed of, determined without regard to any liabilities associated with such assets. For purposes of this definition, Persons will be considered to be acting as a group if they are owners of a corporation that enters into a merger, consolidation, purchase or acquisition of stock, or similar business  |

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| &nbsp;&nbsp;![GRAPHIC](tm235888d1_ex99-2img003.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2341038.1 transaction with the Company. Notwithstanding the foregoing, a transaction will not be deemed a Change in Control unless the transaction qualifies as a change in control event within the meaning of Code Section 409A, as it has been and may be amended from time to time, and any proposed or final Treasury Regulations and Internal Revenue Service guidance that has been promulgated or may be promulgated thereunder from time to time. Further and for the avoidance of doubt, a transaction will not constitute a Change in Control if: (i) its sole purpose is to change the state of the Company's incorporation; or (ii) its sole purpose is to create a holding company that will be owned in substantially the same proportions by the Persons who held the Company's securities immediately before such transaction. (i) "Code" means the Internal Revenue Code of 1986, as amended. Reference to a specific section of the Code or regulation thereunder shall include such section or regulation, any valid regulation promulgated under such section, and any comparable provision of any future legislation or regulation amending, supplementing or superseding such section or regulation. (j) "Committee" means a committee of Directors or of other individuals satisfying Applicable Laws appointed by the Board, or a duly authorized committee of the Board, in accordance with Section 4 hereof. (k) "Common Stock" means the common stock of the Company. (l) "Company" means Pronto Money Transfer Inc., a California corporation, or any successor thereto. (m) "Consultant" means any Person engaged by the Company or a Parent or Subsidiary to render services to such entity, provided that the identity of such Person, the nature of such services or the entity to which such services are provided would not preclude the Company from offering or selling securities to such Person pursuant to this Plan in reliance on either the exemption from registration provided by Rule 701 under the Securities Act or, if the Company is required to file reports pursuant to Section 13 or 15(d) of the Exchange Act, registration on a Form S-8 Registration Statement under the Securities Act. (n) "Director" means a member of the Board. (o) "Disability" means total and permanent disability as defined in Section 22(e)(3) of the Code, provided that in the case of Awards other than Incentive Stock Options, the Administrator in its discretion may determine whether a permanent and total disability exists in accordance with uniform and non-discriminatory standards adopted by the Administrator from time to time. (p) "Employee" means any person treated as an employee (including an Officer or a Director who is also treated as an employee) in the records of the Company and, with respect to any Incentive Stock Option granted to such person, who is an employee for purposes of Section 422 of the Code; provided, however, that neither Service as a Director nor payment of a Director's fee shall be sufficient to constitute employment for purposes of this Plan. The Company shall determine in good faith and in the exercise of its discretion whether an individual has become or has ceased to be an Employee and the effective date of such individual's employment or termination of employment, as the case may be. For purposes of an individual's rights, if any, under the terms of this Plan as of the time of the Company's determination of whether or not the individual is an Employee, all such determinations by the Company shall be final, binding and conclusive as to such rights, if any, notwithstanding that the Company or any court of law or governmental agency subsequently makes a contrary determination as to such individual's status as an Employee. |

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| &nbsp;&nbsp;![GRAPHIC](tm235888d1_ex99-2img004.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2341038.1 (q) "Exchange Act" means the Securities Exchange Act of 1934, as amended. (r) "Exchange Program" means a program under which (i) outstanding Awards are surrendered or cancelled in exchange for Awards of the same type (which may have higher or lower exercise prices and different terms), Awards of a different type, and/or cash, (ii) Participants would have the opportunity to transfer any outstanding Awards to a financial institution or other Person selected by the Administrator, and/or (iii) the exercise price of an outstanding Award is increased or reduced. The Administrator will determine the terms and conditions of any Exchange Program in its sole discretion. (s) "Fair Market Value" means, as of any date, the value of Common Stock determined as follows: (i) If, on such date, the Shares are listed or quoted on a national or regional securities exchange or quotation system, the Fair Market Value of a Share shall be the closing price of such Share as quoted on the national or regional securities exchange or quotation system constituting the primary market for the Company's stock, as reported in The Wall Street Journal or such other source as the Company deems reliable. If the relevant date does not fall on a day on which the Stock has traded on such securities exchange or quotation system, the date on which the Fair Market Value shall be established shall be the last day on which the stock was so traded or quoted prior to the relevant date, or such other appropriate day as shall be determined by the Board, in its discretion. (ii) If, on such date, the Shares are not listed or quoted on a national or regional securities exchange or quotation system, the Fair Market Value of a Share shall be as determined by the Board in good faith without regard to any restriction other than a restriction which, by its terms, will never lapse, and in a manner consistent with the requirements of Section 409A of the Code. (t) "Fiscal Year" means the fiscal year of the Company. (u) "Incentive Stock Option (ISO)" means an Option intended to qualify as an incentive stock option within the meaning of Section 422 of the Code and the regulations promulgated thereunder. (v) "Net Exercise" shall have the meaning set forth in Section 5.7(b)(iii). (w) "New Shares" shall have the meaning set forth in Section 3.3. (x) "Nonstatutory Stock Option" means an Option that by its terms does not qualify or is not intended to qualify as an Incentive Stock Option. (y) "Officer" means a person who is an officer of the Company within the meaning of Section 16 of the Exchange Act and the rules and regulations promulgated thereunder. (z) "Option" means a stock option granted pursuant to this Plan. (aa) "Option Expiration Date" shall have the meaning set forth in Section 5.9(a). (bb) "Outside Director" means a Director who is not an Employee. (cc) "Parent" means a "parent corporation," whether now or hereafter existing, as defined in Section 424(e) of the Code. |

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| &nbsp;&nbsp;![GRAPHIC](tm235888d1_ex99-2img005.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2341038.1 (dd) "Participant" means the holder of an outstanding Award. (ee) "Period of Restriction" means the period during which the transfer of Shares of Restricted Stock are subject to restrictions and therefore, the Shares are subject to a substantial risk of forfeiture. Such restrictions may be based on the passage of time, the achievement of target levels of performance, or the occurrence of other events as determined by the Administrator. (ff) "Plan" means this 2020 Equity Incentive Plan. (gg) "Registration Date" means the effective date of the first registration statement that is filed by the Company and declared effective pursuant to Section 12(g) of the Exchange Act, with respect to any class of the Company's securities. (hh) "Restricted Stock" means Shares issued pursuant to a Restricted Stock award under Section 7 of this Plan, or issued pursuant to the early exercise of an Option. (ii) "Restricted Stock Bonus" means Stock granted to a Participant pursuant to Section 7. (jj) "Rule 16b-3" means Rule 16b-3 of the Exchange Act or any successor to Rule 16b-3, as in effect when discretion is being exercised with respect to this Plan. (kk) "SAR Expiration Date" shall have the meaning set forth in Section 6.6(a) (ll) "Securities Act" means the Securities Act of 1933, as amended. (mm) "Service" means a Participant's employment or service with the Company, whether as an Employee, a Director or a Consultant. Unless otherwise provided by the Board, a Participant's Service shall not be deemed to have terminated merely because of a change in the capacity in which the Participant renders such Service or a change in the Company for which the Participant renders such Service, provided that there is no interruption or termination of the Participant's Service. Furthermore, a Participant's Service shall not be deemed to have been interrupted or terminated if the Participant takes any military leave, sick leave, or other bona fide leave of absence approved by the Company. A Participant's Service shall be deemed to have terminated either upon an actual termination of Service or upon the business entity for which the Participant performs Service ceasing to be an affiliate of the Company. Subject to the foregoing, the Company, in its discretion, shall determine whether the Participant's Service has terminated and the effective date of and reason for such termination. (nn) "Service Provider" means an Employee, Director or Consultant. (oo) "Share" means a share of the Common Stock, as adjusted in accordance with Section 3.3 of this Plan. (pp) "Stock Appreciation Right" means an Award, granted alone or in connection with an Option, that pursuant to Section 6 is designated as a Stock Appreciation Right which, upon exercise, gives the Participant a right to receive a payment in cash, or the equivalent value in Shares, equal to the difference between the Fair Market Value of a number of Shares on the exercise date and the exercise price. |

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| &nbsp;&nbsp;![GRAPHIC](tm235888d1_ex99-2img006.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2341038.1 (qq) "Stock Tender Exercise" shall have the meaning set forth in Section 5.7(b)(i). (rr) "Subsidiary" means a "subsidiary corporation," whether now or hereafter existing, as defined in Section 424(f) of the Code. (ss) "Vesting Conditions" mean those conditions established in accordance with this Plan prior to the satisfaction of which Shares subject to an Award remain subject to forfeiture or a repurchase option in favor of the Company exercisable for the Participant's monetary purchase price, if any, for such shares upon the Participant's termination of Service. 2.2 Construction. Captions and titles contained herein are for convenience only and shall not affect the meaning or interpretation of any provision of this Plan. Except when otherwise indicated by the context, the singular shall include the plural and the plural shall include the singular. Use of the term "or" is not intended to be exclusive, unless the context clearly requires otherwise. 3. Stock Subject to this Plan. 3.1 Stock Subject to this Plan. Subject to the provisions of this Section 3 of this Plan, a maximum aggregate of 1,999,253 Shares may be issued under this Plan. The Shares may be authorized, but unissued, or reacquired Common Stock. 3.2 Share Counting. If an outstanding Award for any reason expires or is terminated or canceled without having been exercised or settled in full, or if Shares are acquired pursuant to an Award subject to forfeiture or repurchase and are forfeited or repurchased by the Company for an amount not greater than the Participant's exercise or purchase price, the Shares allocable to the terminated portion of such Award or such forfeited or repurchased Shares shall again be available for issuance under this Plan. Shares shall not be deemed to have been issued pursuant to this Plan (a) with respect to any portion of an Award that is settled in cash or (b) to the extent such Shares are withheld or reacquired by the Company in satisfaction of tax withholding obligations pursuant to Section 11. If the exercise price of an Option is paid by tender to the Company, or attestation to the ownership, of Shares owned by the Participant, or by means of a Net Exercise, the number of Shares available for issuance under this Plan shall be reduced by the net number of Shares issued upon the exercise of the Option. 3.3 Adjustments for Changes in Capital Structure. Subject to any required action by the stockholders of the Company and the requirements of Sections 409A and 424 of the Code to the extent applicable, in the event of any change in the stock of the Company effected without receipt of consideration by the Company, whether through merger, consolidation, reorganization, reincorporation, recapitalization, reclassification, stock dividend, stock split, reverse stock split, split-up, split-off, spin-off, combination of shares, exchange of shares, or similar change in the capital structure of the Company, or in the event of payment of a dividend or distribution to the stockholders of the Company in a form other than stock (excepting regular, periodic cash dividends) that has a material effect on the Fair Market Value of the stock of the Company, appropriate and proportionate adjustments shall be made in the number and kind of Shares subject to this Plan and to any outstanding Awards and in the exercise or purchase price per Share under any outstanding Awards in order to prevent dilution or enlargement of Participants' rights under this Plan. For purposes of the foregoing, conversion of any convertible securities of the Company shall not be treated as "effected without receipt of consideration by the Company." If a majority of the Shares which are of the same class as the Shares that are subject to outstanding Awards are exchanged for, converted into, or otherwise become (whether or not pursuant to an Change in Control) shares of another corporation (the "New Shares"), the Board may unilaterally amend the outstanding Awards to provide that such Awards are for New Shares. In the event of any such amendment, the number of Shares subject to, and the exercise or  |

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| &nbsp;&nbsp;![GRAPHIC](tm235888d1_ex99-2img007.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2341038.1 purchase price per share of, the outstanding Awards shall be adjusted in a fair and equitable manner as determined by the Board, in its discretion. Any fractional Share resulting from an adjustment pursuant to this Section shall be rounded down to the nearest whole number, and the exercise or purchase price per Share shall be rounded up to the nearest whole cent. In no event may the exercise or purchase price, if any, under any Award be decreased to an amount less than the par value, if any, of the stock subject to the Award. Such adjustments shall be determined by the Board, and its determination shall be final, binding and conclusive. 3.4 Assumption or Substitution of Awards. The Board may, without affecting the number of Shares available pursuant to Section 3.1, authorize the issuance of Awards under this Plan in substitution or assumption of outstanding awards under the plan of another entity in connection with any merger, consolidation, acquisition of property or stock, or reorganization upon such terms and conditions as it may deem appropriate, subject to compliance with Section 409A and any other applicable provisions of the Code. 3.5 Share Reserve. The Company, during the term of this Plan, will at all times reserve and keep available such number of Shares as will be sufficient to satisfy the requirements of this Plan. 4. Administration of this Plan. 4.1 Administration by the Board. This Plan shall be administered by the Board. All questions of interpretation of this Plan, of any Award Agreement or of any other form of agreement or other document employed by the Company in the administration of this Plan or of any Award shall be determined by the Board, and such determinations shall be final, binding and conclusive upon all persons having an interest in this Plan or such Award, unless fraudulent or made in bad faith. Any and all actions, decisions and determinations taken or made by the Board in the exercise of its discretion pursuant to this Plan or Award Agreement or other agreement thereunder (other than determining questions of interpretation pursuant to the preceding sentence) shall be final, binding and conclusive upon all persons having an interest therein. All expenses incurred in connection in the administration of this Plan shall be paid by the Company. 4.2 Section 162(m). To the extent that the Administrator determines it to be desirable to qualify Awards granted hereunder as "performance-based compensation" within the meaning of Section 162(m) of the Code, this Plan will be administered by a Committee of two (2) or more "outside directors" within the meaning of Section 162(m) of the Code. 4.3 Rule 16b-3. To the extent desirable to qualify transactions hereunder as exempt under Rule 16b-3, the transactions contemplated hereunder will be structured to satisfy the requirements for exemption under Rule 16b-3. 4.4 Other Administration. Other than as provided above, this Plan will be administered by (i) the Board or (ii) a Committee, which committee will be constituted to satisfy Applicable Laws. 4.5 Powers of the Administrator. Subject to the provisions of this Plan, and in the case of a Committee, subject to the specific duties delegated by the Board to such Committee, the Administrator will have the authority, in its discretion: (a) to determine the Fair Market Value of a Share; (b) to select the Service Providers to whom Awards may be granted hereunder; |

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| &nbsp;&nbsp;![GRAPHIC](tm235888d1_ex99-2img008.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2341038.1 (c) to determine the number of Shares to be covered by each Award granted hereunder; (d) to approve forms of Award Agreements for use under this Plan; (e) to determine the terms and conditions, not inconsistent with the terms of this Plan, of any Award granted hereunder. Such terms and conditions include, but are not limited to, the exercise price, the time or times when Awards may be exercised (which may be based on performance criteria), any vesting acceleration or waiver of forfeiture restrictions, and any restriction or limitation regarding any Award or the Shares relating thereto, based in each case on such factors as the Administrator will determine; (f) to determine the terms and conditions of any, and to institute any Exchange Program; (g) to construe and interpret the terms of this Plan and Awards granted pursuant to this Plan; (h) to prescribe, amend and rescind rules and regulations relating to this Plan, including rules and regulations relating to sub-plans established for the purpose of satisfying applicable foreign laws or for qualifying for favorable tax treatment under applicable foreign laws; (i) to modify or amend each Award (subject to Section 18 of this Plan), including but not limited to the discretionary authority to extend the post-termination exercisability period of Awards and to extend the maximum term of an Option; (j) determine the vesting, exercisability and payment of Awards; (k) correct any defect, supply any omission or reconcile any inconsistency in this Plan, any Award or any Award Agreement; (l) determine whether an Award has been earned; (m) to authorize any person to execute on behalf of the Company any instrument required to effect the grant of an Award previously granted by the Administrator; (n) to allow a Participant to defer the receipt of the payment of cash or the delivery of Shares that would otherwise be due to such Participant under an Award; and (o) to make all other determinations deemed necessary or advisable for administering this Plan. 4.6 Effect of Administrator's Decision. The Administrator's decisions, determinations and interpretations will be final and binding on all Participants and any other holders of Awards. 4.7 Indemnification. In addition to such other rights of indemnification as they may have as members of the Board or as officers or Employees of the Company, to the extent permitted by Applicable Law, the Administrator and any Committees to whom authority to act for the Board or the Company is delegated shall be indemnified by the Company against all reasonable expenses, including  |

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| &nbsp;&nbsp;![GRAPHIC](tm235888d1_ex99-2img009.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2341038.1 attorneys' fees, actually and necessarily incurred in connection with the defense of any action, suit or proceeding, or in connection with any appeal therein, to which they or any of them may be a party by reason of any action taken or failure to act under or in connection with this Plan, or any right granted hereunder, and against all amounts paid by them in settlement thereof (provided such settlement is approved by independent legal counsel selected by the Company) or paid by them in satisfaction of a judgment in any such action, suit or proceeding, except in relation to matters as to which it shall be adjudged in such action, suit or proceeding that such person is liable for gross negligence, bad faith or intentional misconduct in duties; provided, however, that within sixty (60) days after the institution of such action, suit or proceeding, such person shall offer to the Company, in writing, the opportunity at its own expense to handle and defend the same. 5. Stock Options. 5.1 Incentive Stock Option Limitations. (a) Persons Eligible. An Incentive Stock Option may be granted only to a person who, on the effective date of grant, is an Employee. Any person who is not an Employee on the effective date of the grant of an Option to such person may be granted only a Nonstatutory Stock Option. (b) Fair Market Value Limitation. To the extent that Options designated as Incentive Stock Options (granted under all stock plans of the Company, including this Plan) become exercisable by a Participant for the first time during any calendar year for Shares having a Fair Market Value greater than One Hundred Thousand Dollars ($100,000.00), the portions of such Options that exceed such amount shall be treated as Nonstatutory Stock Options. For purposes of this Section, Options designated as Incentive Stock Options shall be taken into account in the order in which they were granted, and the Fair Market Value of Common Stock shall be determined as of the time the Option with respect to such Shares are granted. If the Code is amended to provide for a limitation different from that set forth in this Section, such different limitation shall be deemed incorporated herein effective as of the date and with respect to such Options as required or permitted by such amendment to the Code. If an Option is treated as an Incentive Stock Option in part and as a Nonstatutory Stock Option in part by reason of the limitation set forth in this Section, the Participant may designate which portion of such Option the Participant is exercising. In the absence of such designation, the Participant shall be deemed to have exercised the Incentive Stock Option portion of the Option first. Upon exercise of the Option, shares of Stock issued pursuant to each such portion shall be separately identified. 5.2 Grant of Stock Options. Options shall be evidenced by Award Agreements specifying the number of Shares covered thereby, in such form as the Administrator shall from time to time establish. Such Award Agreements may incorporate all or any of the terms of this Plan by reference and shall comply with and be subject to the following terms and conditions set forth in this Section 5. Each Option will be designated in the Award Agreement as either an Incentive Stock Option or a Nonstatutory Stock Option. An Option may be, but need not be, awarded upon satisfaction of such performance factors during any performance period as are set out in advance in the Participant's individual Award Agreement. If the Option is being earned upon the satisfaction of performance factors, then the Administrator will: (x) determine the nature, length and starting date of any performance period for each Option; and (y) select from among the performance factors to be used to measure the performance, if any. Performance periods may overlap and Participants may participate simultaneously with respect to Options that are subject to different performance goals and other criteria. However, notwithstanding such designation, to the extent that the aggregate Fair Market Value of the Shares with respect to which Incentive Stock Options are exercisable for the first time by the Participant during any calendar year (under all plans of the Company and any Parent or Subsidiary) exceeds One Hundred Thousand Dollars ($100,000.00), such Options will be treated as Nonstatutory Stock Options. |

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| &nbsp;&nbsp;![GRAPHIC](tm235888d1_ex99-2img010.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2341038.1 5.3 Modification, Extension or Renewal. The Administrator may modify, extend or renew outstanding Options and authorize the grant of new Options in substitution therefor, provided that any such action may not, without the written consent of a Participant, impair any of such Participant's rights under any Option previously granted. Any outstanding ISO that is modified, extended, renewed or otherwise altered will be treated in accordance with Section 424(h) of the Code. Subject to Section 18 of this Plan, by written notice to affected Participants, the Administrator may reduce the Exercise Price of outstanding Options without the consent of such Participants; provided, however, that the Exercise Price may not be reduced below the Fair Market Value on the date the action is taken to reduce the Exercise Price. 5.4 Exercise Price. The per share exercise price for the Shares to be issued pursuant to exercise of an Option will be determined by the Administrator, subject to the following. In the case of an Incentive Stock Option (a) granted to an Employee who, at the time the Incentive Stock Option is granted, owns stock representing more than ten percent (10%) of the voting power of all classes of stock of the Company or any Parent or Subsidiary, the per Share exercise price will be no less than one hundred ten percent (110%) of the Fair Market Value per Share on the date of grant; or (b) granted to any Employee other than an Employee described in subsection (a) immediately above, the per Share exercise price will be no less than one hundred percent (100%) of the Fair Market Value per Share on the date of grant. In the case of a Nonstatutory Stock Option, the per Share exercise price will be no less than one hundred percent (100%) of the Fair Market Value per Share on the date of grant. Notwithstanding the foregoing, Options may be granted with a per Share exercise price of less than one hundred percent (100%) of the Fair Market Value per Share on the date of grant pursuant to a transaction described in, and in a manner consistent with, Section 424(a) of the Code. 5.5 Term of Option. The term of each Option will be stated in the Award Agreement. In the case of an Incentive Stock Option, the term will be ten (10) years from the date of grant or such shorter term as may be provided in the Award Agreement. Moreover, in the case of an Incentive Stock Option granted to a Participant who, at the time the Incentive Stock Option is granted, owns stock representing more than ten percent (10%) of the total combined voting power of all classes of stock of the Company or any Parent or Subsidiary, the term of the Incentive Stock Option will be five (5) years from the date of grant or such shorter term as may be provided in the Award Agreement. 5.6 Waiting Period and Exercise Dates. At the time an Option is granted, the Administrator will fix the period within which the Option may be exercised and will determine any conditions that must be satisfied before the Option may be exercised. Notwithstanding the foregoing sentence, unless the Administrator provides otherwise, no Option will be permitted to be exercised as to the unvested portion of the Option. 5.7 Payment of Exercise Price. (a) Form of Consideration. The Administrator will determine the acceptable form of consideration for exercising an Option, including the method of payment. In the case of an Incentive Stock Option, the Administrator will determine the acceptable form of consideration at the time of grant. Such consideration may consist entirely of: (1) cash; (2) check; (3) promissory note, to the extent permitted by Applicable Laws; (4) other Shares, provided that such Shares have a Fair Market Value on the date of surrender equal to the aggregate exercise price of the Shares as to which such Option will be exercised and provided that accepting such Shares will not result in any adverse accounting consequences to the Company, as the Administrator determines in its sole discretion; (5) consideration received by the Company under a broker-assisted (or other) cashless exercise program (whether through a broker or otherwise) implemented by the Company in connection with this Plan; (6) by Net Exercise; (7) such other  |

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| &nbsp;&nbsp;![GRAPHIC](tm235888d1_ex99-2img011.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2341038.1 consideration and method of payment for the issuance of Shares to the extent permitted by Applicable Laws; or (8) any combination of the foregoing methods of payment. (b) Limitations on Forms of Consideration. (i) Stock Tender Exercise. A "Stock Tender Exercise" means the delivery of a properly executed exercise notice accompanied by a Participant's tender to the Company, or attestation to the ownership, in a form acceptable to the Company of whole Shares tock having a Fair Market Value that does not exceed the aggregate exercise price for the Shares with respect to which the Option is exercised. A Stock Tender Exercise shall not be permitted if it would constitute a violation of the provisions of any law, regulation or agreement restricting the redemption of the Company's stock. If required by the Company, the Option may not be exercised by tender to the Company, or attestation to the ownership, of Shares unless such Shares either have been owned by the Participant for a period of time required by the Company (and not used for another option exercise by attestation during such period) or were not acquired, directly or indirectly, from the Company. (ii) Cashless Exercise. A Cashless Exercise shall be permitted only upon the class of Shares subject to the Option becoming publicly traded in an established securities market. A "Cashless Exercise" means the delivery of a properly executed exercise notice together with irrevocable instructions to a broker providing for the assignment to the Company of the proceeds of a sale or loan with respect to some or all of the Shares being acquired upon the exercise of the Option (including, without limitation, through an exercise complying with the provisions of Regulation T as promulgated from time to time by the Board of Governors of the Federal Reserve System). The Company reserves, at any and all times, the right, in the Company's sole and absolute discretion, to establish, decline to approve or terminate any program or procedures for the exercise of Options by means of a Cashless Exercise, including with respect to one or more Participants specified by the Company notwithstanding that such program or procedures may be available to other Participants. (iii) Net Exercise. A "Net Exercise" means the delivery of a properly executed exercise notice followed by a procedure pursuant to which (1) the Company will reduce the number of Shares otherwise issuable to a Participant upon the exercise of an Option by the largest whole number of Shares having a Fair Market Value that does not exceed the aggregate exercise price for the Shares with respect to which the Option is exercised, and (2) the Participant shall pay to the Company in cash the remaining balance of such aggregate exercise price not satisfied by such reduction in the number of whole shares to be issued. 5.8 Exercise of Option. Any Option granted hereunder will be exercisable according to the terms of this Plan and at such times and under such conditions as determined by the Administrator and set forth in the Award Agreement. An Option may not be exercised for a fraction of a Share. An Option will be deemed exercised when the Company receives: (a) a notice of exercise (in such form as the Administrator may specify from time to time) from the Person entitled to exercise the Option; and (b) full payment for the Shares with respect to which the Option is exercised (together with applicable withholding taxes). Full payment may consist of any consideration and method of payment authorized by the Administrator and permitted by the Award Agreement and this Plan. Shares issued upon exercise of an Option will be issued in the name of the Participant or, if requested by the Participant, in the name of the Participant and his or her spouse. Until the Shares are issued (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any other rights as a stockholder will exist with respect to the Shares subject to an Option, notwithstanding the exercise of the Option. The Company will issue (or cause to be issued) such Shares promptly after the Option is exercised. No adjustment will be made for a dividend or other right for which the record date is prior to the date the Shares are issued. Exercising an Option in any manner will decrease  |

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| &nbsp;&nbsp;![GRAPHIC](tm235888d1_ex99-2img012.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2341038.1 the number of Shares thereafter available, both for purposes of this Plan and for sale under the Option, by the number of Shares as to which the Option is exercised. 5.9 Effect of Termination of Service. Subject to earlier termination of the Option as otherwise provided by this Plan and unless a longer exercise period is provided by the Board in an Award Agreement or otherwise, an Option shall terminate immediately upon the Participant's termination of Service to the extent that it is then unvested and shall be exercisable after the Participant's termination of Service to the extent it is then vested only during the applicable time period determined in accordance with this Section and thereafter shall terminate: (a) Disability. If the Participant's Service terminates because of the Disability of the Participant, the Option, to the extent unexercised and exercisable for vested shares on the date on which the Participant's Service terminated, may be exercised by the Participant (or the Participant's guardian or legal representative) at any time prior to the expiration of twelve (12) months after the date on which the Participant's Service terminated, but in any event no later than the date of expiration of the Option's term as set forth in the Award Agreement evidencing such Option (the "Option Expiration Date"). (b) Death. If the Participant's Service terminates because of the death of the Participant, the Option, to the extent unexercised and exercisable for vested shares on the date on which the Participant's Service terminated, may be exercised by the Participant's legal representative or other person who acquired the right to exercise the Option by reason of the Participant's death at any time prior to the expiration of twelve (12) months after the date on which the Participant's Service terminated, but in any event no later than the Option Expiration Date. The Participant's Service shall be deemed to have terminated on account of death if the Participant dies within three (3) months after the Participant's termination of Service other than for Cause. (c) Termination for Cause. Notwithstanding any other provision of this Plan to the contrary, if the Participant's Service is terminated for Cause, the Option shall terminate in its entirety and cease to be exercisable immediately upon such termination of Service. (d) Other Termination of Service. If the Participant's Service terminates for any reason, except Disability, death or Cause, the Option, to the extent unexercised and exercisable for vested shares on the date on which the Participant's Service terminated, may be exercised by the Participant at any time prior to the expiration of three (3) months after the date on which the Participant's Service terminated, but in any event no later than the Option Expiration Date. 5.10 Transferability of Options. During the lifetime of the Participant, an Option shall be exercisable only by the Participant or the Participant's guardian or legal representative. An Option shall not be subject in any manner to anticipation, alienation, sale, exchange, transfer, assignment, pledge, encumbrance, or garnishment by creditors of the Participant or the Participant's beneficiary, except transfer by will or by the laws of descent and distribution. Notwithstanding the foregoing, to the extent permitted by the Board, in its discretion, and set forth in the Award Agreement evidencing such Option, an Option shall be assignable or transferable subject to the applicable limitations, if any, described in Rule 701 under the Securities Act and the General Instructions to Form S-8 Registration Statement under the Securities Act or, in the case of an Incentive Stock Option, only as permitted by applicable regulations under Section 421 of the Code in a manner that does not disqualify such Option as an Incentive Stock Option. 6. Stock Appreciation Rights. 6.1 Grant of Stock Appreciation Rights. SARs shall be evidenced by Award Agreements specifying the number of Shares covered thereby and whether the Award is to be paid in cash  |

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| &nbsp;&nbsp;![GRAPHIC](tm235888d1_ex99-2img013.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2341038.1 or in Shares, in such form as the Board shall from time to time establish. Such Award Agreements may incorporate all or any of the terms of this Plan by reference and shall comply with and be subject to the following terms and conditions: Subject to the terms and conditions of this Plan, a Stock Appreciation Right may be granted to Service Providers at any time and from time to time as will be determined by the Administrator, in its sole discretion. 6.2 Exercise Price and Other Terms. The per share exercise price for the Shares to be issued pursuant to exercise of a Stock Appreciation Right will be determined by the Administrator and will be no less than one hundred percent (100%) of the Fair Market Value per Share on the date of grant. Otherwise, the Administrator, subject to the provisions of this Plan, will have complete discretion to determine the terms and conditions of Stock Appreciation Rights granted under this Plan. Notwithstanding the foregoing, a SAR may be granted with an exercise price lower than the minimum exercise price set forth above if such SAR is granted pursuant to an assumption or substitution for another SAR in a manner that would qualify under the provisions of Section 409A of the Code. 6.3 Terms of SARs. The Administrator will determine the terms of each SAR including, without limitation: (a) the number of Shares subject to the SAR; (b) the exercise price and the time or times during which the SAR may be settled; (c) the consideration to be distributed on settlement of the SAR; and (d) the effect of the Participant's termination on each SAR. The exercise price of the SAR will be determined by the Administrator when the SAR is granted, and may not be less than Fair Market Value. A SAR may be awarded upon satisfaction of performance factors, if any, during any performance period as are set out in advance in the Participant's individual Award Agreement. If the SAR is being earned upon the satisfaction of performance factors, then the Administrator will: (x) determine the nature, length and starting date of any performance period for each SAR; and (y) select from among the performance factors to be used to measure the performance, if any. Performance periods may overlap and Participants may participate simultaneously with respect to SARs that are subject to different performance factors and other criteria. 6.4 Modification, Extension or Renewal. The Administrator may modify, extend or renew outstanding Stock Appreciation Rights and authorize the grant of new Stock Appreciation Rights in substitution therefor, provided that any such action may not, without the written consent of a Participant, impair any of such Participant's rights under any Stock Appreciation Right previously granted. 6.5 Expiration of Stock Appreciation Rights. A Stock Appreciation Right granted under this Plan will expire upon the date determined by the Administrator, in its sole discretion, and set forth in the Award Agreement. Notwithstanding the foregoing, the rules of Section 5.5 relating to the maximum term and Section 5.7 relating to exercise also will apply to Stock Appreciation Rights. 6.6 Effect of Termination of Service. Subject to earlier termination of the SAR as otherwise provided by this Plan and unless a longer exercise period is provided by the Board, a SAR shall terminate immediately upon the Participant's termination of Service to the extent that it is then unvested and shall be exercisable after the Participant's termination of Service to the extent it is then vested only during the applicable time period determined in accordance with this Section and thereafter shall terminate: (a) Disability. If the Participant's Service terminates because of the Disability of the Participant, the SAR, to the extent unexercised and exercisable for vested shares on the date on which the Participant's Service terminated, may be exercised by the Participant (or the Participant's guardian or legal representative) at any time prior to the expiration of twelve (12) months after the date on which the Participant's Service terminated, but in any event no later than the date of expiration of the SAR's term as set forth in the Award Agreement evidencing such SAR (the "SAR Expiration Date"). |

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| &nbsp;&nbsp;![GRAPHIC](tm235888d1_ex99-2img014.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2341038.1 (b) Death. If the Participant's Service terminates because of the death of the Participant, the SAR, to the extent unexercised and vested on the date on which the Participant's Service terminated, may be exercised by the Participant's legal representative or other person who acquired the right to exercise the SAR by reason of the Participant's death at any time prior to the expiration of twelve (12) months after the date on which the Participant's Service terminated, but in any event no later than the SAR Expiration Date. The Participant's Service shall be deemed to have terminated on account of death if the Participant dies within three (3) months after the Participant's termination of Service other than for Cause. (c) Termination for Cause. Notwithstanding any other provision of this Plan to the contrary, if the Participant's Service is terminated for Cause, the SAR shall terminate in its entirety and cease to be exercisable immediately upon such termination of Service. (d) Other Termination of Service. If the Participant's Service terminates for any reason, except Disability, death or Cause, the SAR, to the extent unexercised and exercisable for vested shares on the date on which the Participant's Service terminated, may be exercised by the Participant at any time prior to the expiration of three (3) months after the date on which the Participant's Service terminated, but in any event no later than the SAR Expiration Date. 6.7 Transferability of SARs. During the lifetime of the Participant, a SAR shall be exercisable only by the Participant or the Participant's guardian or legal representative. A SAR shall not be subject in any manner to anticipation, alienation, sale, exchange, transfer, assignment, pledge, encumbrance, or garnishment by creditors of the Participant or the Participant's beneficiary, except transfer by will or by the laws of descent and distribution. 6.8 Payment of Stock Appreciation Right Amount. Upon exercise of a Stock Appreciation Right, a Participant will be entitled to receive payment from the Company in an amount determined by multiplying: (a) The difference between the Fair Market Value of a Share on the date of exercise over the exercise price; (b) The number of Shares with respect to which the Stock Appreciation Right is exercised; and (c) At the discretion of the Administrator, the payment upon Stock Appreciation Right exercise may be in cash, in Shares of equivalent value, or in some combination thereof. 7. Restricted Stock. 7.1 Grant of Restricted Stock. Restricted Stock awards shall be evidenced by Award Agreements specifying whether the Award is a Restricted Stock Bonus and the number of Shares subject to the Award, in such form as the Administrator shall from time to time establish. Such Award Agreements may incorporate all or any of the terms of this Plan by reference and shall comply with and be subject to the following terms and conditions: Subject to the terms and provisions of this Plan, the Administrator, at any time and from time to time, may grant Shares of Restricted Stock to Service Providers in such amounts as the Administrator, in its sole discretion, will determine. 7.2 Purchase Price. No monetary payment (other than applicable tax withholding) shall be required as a condition of receiving Shares pursuant to a Restricted Stock Bonus, the consideration  |

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| &nbsp;&nbsp;![GRAPHIC](tm235888d1_ex99-2img015.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2341038.1 for which shall be services actually rendered to the Company or for its benefit. Notwithstanding the foregoing, if required by applicable state corporate law, the Participant shall furnish consideration in the form of cash or past services rendered to the Company or for its benefit having a value not less than the par value of the Shares subject to a Restricted Stock award. 7.3 Vesting and Restrictions on Transfer. Shares issued pursuant to any Restricted Stock award may (but need not) be made subject to Vesting Conditions based upon the satisfaction of such Service requirements, conditions, restrictions or performance criteria, as shall be established by the Administrator and set forth in the Award Agreement evidencing such Award. During any period in which Shares acquired pursuant to a Restricted Stock award remain subject to Vesting Conditions, such Shares may not be sold, exchanged, transferred, pledged, assigned or otherwise disposed of other than pursuant to an Change in Control. Upon request by the Company, each Participant shall execute any agreement evidencing such transfer restrictions prior to the receipt of Shares hereunder and shall promptly present to the Company any and all certificates representing Shares acquired hereunder for the placement on such certificates of appropriate legends evidencing any such transfer restrictions. 7.4 Voting Rights; Dividends and Distributions. Except as provided in any Award Agreement, during any period in which Shares acquired pursuant to a Restricted Stock award remain subject to Vesting Conditions, the Participant shall not have any of the rights of a stockholder of the Company holding stock in the Company, including the right to vote such Shares and to receive all dividends and other distributions paid with respect to such Shares. 7.5 Modification, Extension or Renewal. The Administrator may modify, extend or renew outstanding Restricted Stock awards and authorize the grant of new Restricted Stock awards in substitution therefor, provided that any such action may not, without the written consent of a Participant, impair any of such Participant's rights under any Restricted Stock award previously granted. A Restricted Stock award granted under this Plan will expire upon the date determined by the Administrator, in its sole discretion, and set forth in the Award Agreement. Notwithstanding the foregoing, the rules of Section 5.5 relating to the maximum term and Section 5.7 relating to exercise also will apply to Restricted Stock awards. 7.6 Effect of Termination of Service. Unless otherwise provided by the Board in the Award Agreement evidencing a Restricted Stock award, if a Participant's Service terminates for any reason, whether voluntary or involuntary (including the Participant's death or disability), then the Participant shall forfeit to the Company any shares acquired by the Participant pursuant to a Restricted Stock Bonus which remain subject to Vesting Conditions as of the date of the Participant's termination of Service. The Company shall have the right to assign at any time any repurchase right it may have, whether or not such right is then exercisable, to one or more persons as may be selected by the Company. 7.7 Nontransferability of Restricted Stock Award Rights. Rights to acquire Shares pursuant to a Restricted Stock award shall not be subject in any manner to anticipation, alienation, sale, exchange, transfer, assignment, pledge, encumbrance or garnishment by creditors of the Participant or the Participant's beneficiary, except transfer by will or the laws of descent and distribution. All rights with respect to a Restricted Stock award granted to a Participant hereunder shall be exercisable during his or her lifetime only by such Participant or the Participant's guardian or legal representative. 7.8 Removal of Restrictions. Except as otherwise provided in this Section 7, Shares of Restricted Stock covered by each Restricted Stock award made under this Plan will be released from the Company as soon as practicable after the last day of the Period of Restriction or at such other time as the Administrator may determine. The Administrator, in its discretion, may accelerate the time at which any restrictions will lapse or be removed. |

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|:---|:---|
| &nbsp;&nbsp;![GRAPHIC](tm235888d1_ex99-2img016.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2341038.1 7.9 Return of Restricted Stock to Company. On the date set forth in the Award Agreement, the Restricted Stock for which restrictions have not lapsed will revert to the Company and again will become available for grant under this Plan. 8. Standard Forms of Award Agreements. 8.1 Award Agreements. Each Award shall comply with and be subject to the terms and conditions set forth in the appropriate form of Award Agreement approved by the Administrator and as amended from time to time. No Award or purported Award shall be a valid and binding obligation of the Company unless evidenced by a fully executed Award Agreement, which execution may be evidenced by electronic means. 8.2 Authority to Vary Terms. The Administrator shall have the authority from time to time to vary the terms of any standard form of Award Agreement either in connection with the grant or amendment of an individual Award or in connection with the authorization of a new standard form or forms; provided, however, that the terms and conditions of any such new, revised or amended standard form or forms of Award Agreement are not inconsistent with the terms of this Plan. 9. Leaves of Absence/Transfer Between Locations. Unless the Administrator provides otherwise, vesting of Awards granted hereunder will be suspended during any unpaid leave of absence, unless pursuant to Company policy. A Participant will not cease to be an Employee in the case of (i) any leave of absence approved by the Company; or (ii) transfers between locations of the Company or between the Company, its Parent, or any Subsidiary. For purposes of Incentive Stock Options, no such leave may exceed three (3) months, unless reemployment upon expiration of such leave is guaranteed by statute or contract. If reemployment upon expiration of a leave of absence approved by the Company is not so guaranteed, then six (6) months following the first (1st) day of such leave any Incentive Stock Option held by the Participant will cease to be treated as an Incentive Stock Option and will be treated for tax purposes as a Nonstatutory Stock Option. 10. Adjustments; Dissolution or Liquidation; Merger or Change in Control. 10.1 Accelerated Vesting. In its discretion, the Administrator may provide in the grant of any Award or at any other time may take such action as it deems appropriate to provide for acceleration of the exercisability and/or vesting in connection with an Change in Control of each or any outstanding Award or portion thereof and Shares acquired pursuant thereto upon such conditions, including termination of the Participant's Service prior to, upon, or following such Change in Control, and to such extent as the Administrator shall determine. 10.2 Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, the Administrator will notify each Participant as soon as practicable prior to the effective date of such proposed transaction. To the extent it has not been previously exercised, an Award will terminate immediately prior to the consummation of such proposed action. 10.3 Change in Control. In the event of a merger or Change in Control, each outstanding Award will be treated as the Administrator determines, including, without limitation, that each Award be assumed or an equivalent option or right substituted by the successor corporation or a Parent or Subsidiary of the successor corporation. The Administrator will not be required to treat all Awards similarly in the transaction. In the event that the successor corporation does not assume or substitute for the Award, the Award will fully vest and Participant will have the right to exercise all of his or her outstanding Options and Stock Appreciation Rights, including Shares as to which such Awards would not otherwise be vested  |

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|:---|:---|
| &nbsp;&nbsp;![GRAPHIC](tm235888d1_ex99-2img017.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2341038.1 or exercisable, all restrictions on Restricted Stock will lapse, and, with respect to Awards with performance-based vesting, all performance goals or other vesting criteria will be deemed achieved at one hundred percent (100%) of target levels and all other terms and conditions met. In addition, if an Option or Stock Appreciation Right is not assumed or substituted in the event of a Change in Control, the Administrator will notify the Participant in writing or electronically that the Option or Stock Appreciation Right will be exercisable for a period of time determined by the Administrator in its sole discretion, and the Option or Stock Appreciation Right will terminate upon the expiration of such period. For the purposes of this Section, an Award will be considered assumed if, following the Change in Control, the Award confers the right to purchase or receive, for each Share subject to the Award immediately prior to the Change in Control, the consideration (whether stock, cash, or other securities or property) received in the Change in Control by holders of Common Stock for each Share held on the effective date of the transaction (and if holders were offered a choice of consideration, the type of consideration chosen by the holders of a majority of the outstanding Shares); provided, however, that if such consideration received in the Change in Control is not solely common stock of the successor corporation or its Parent, the Administrator may, with the consent of the successor corporation, provide for the consideration to be received upon the exercise of an Option or Stock Appreciation Right or upon the payout of Shares, for each Share subject to such Award, to be solely common stock of the successor corporation or its Parent equal in fair market value to the per share consideration received by holders of Common Stock in the Change in Control. Notwithstanding anything in this Section to the contrary, an Award that vests, is earned or paid-out upon the satisfaction of one or more performance goals will not be considered assumed if the Company or its successor modifies any of such performance goals without the Participant's consent; provided, however, a modification to such performance goals only to reflect the successor corporation's post-Change in Control corporate structure will not be deemed to invalidate an otherwise valid Award assumption. 10.4 Outside Director Awards. The Administrator shall have the authority to grant Awards such that, with respect to Awards granted to an Outside Director that are assumed or substituted for, if Participant is not a director of the successor corporation either on the closing of the Change in Control or within twelve (12) months following the Change in Control, then on the later of (a) the closing of the Change in Control, or (b) the date on which Participant ceases to be a director of the successor corporation, the Participant will fully vest in and have the right to exercise Options and/or Stock Appreciation Rights as to all of the Shares underlying such Award, including those Shares which would not otherwise be vested or exercisable, all restrictions on Restricted Stock will lapse, and, with respect to Shares, all performance goals or other vesting criteria will be deemed achieved at one hundred percent (100%) of target levels and all other terms and conditions met. 11. Tax. 11.1 Withholding Requirements. Prior to the delivery of any Shares or cash pursuant to an Award (or exercise thereof) or such earlier time as any tax withholding obligations are due, the Company will have the power and the right to deduct or withhold, or require a Participant to remit to the Company, an amount sufficient to satisfy federal, state, local, foreign or other taxes (including the Participant's FICA obligation) required to be withheld with respect to such Award (or exercise thereof). 11.2 Withholding Arrangements. The Administrator, in its sole discretion and pursuant to such procedures as it may specify from time to time, may permit a Participant to satisfy such tax withholding obligation, in whole or in part by (without limitation) (a) paying cash, (b) electing to have the Company withhold otherwise deliverable cash or Shares having a Fair Market Value equal to the minimum statutory amount required to be withheld, or (c) delivering to the Company already-owned Shares having a  |

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|:---|:---|
| &nbsp;&nbsp;![GRAPHIC](tm235888d1_ex99-2img018.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2341038.1 Fair Market Value equal to the minimum statutory amount required to be withheld. The Fair Market Value of the Shares to be withheld or delivered will be determined as of the date that the taxes are required to be withheld. 11.3 Compliance With Code Section 409A. Awards will be designed and operated in such a manner that they are either exempt from the application of, or comply with, the requirements of Code Section 409A such that the grant, payment, settlement or deferral will not be subject to the additional tax or interest applicable under Code Section 409A, except as otherwise determined in the sole discretion of the Administrator. This Plan and each Award Agreement under this Plan is intended to meet the requirements of Code Section 409A and will be construed and interpreted in accordance with such intent, except as otherwise determined in the sole discretion of the Administrator. To the extent that an Award or payment, or the settlement or deferral thereof, is subject to Code Section 409A the Award will be granted, paid, settled or deferred in a manner that will meet the requirements of Code Section 409A, such that the grant, payment, settlement or deferral will not be subject to the additional tax or interest applicable under Code Section 409A. 12. Privileges of Stock Ownership; Restrictions on Shares. No Participant will have any of the rights of a stockholder with respect to any Shares until the Shares are issued to the Participant, except for any dividend equivalent rights permitted by an applicable Award Agreement. After Shares are issued to the Participant, the Participant will be a stockholder and have all the rights of a stockholder with respect to such Shares, including the right to vote and receive all dividends or other distributions made or paid with respect to such Shares. 13. No Effect on Employment or Service. Neither this Plan nor any Award will confer upon a Participant any right with respect to continuing the Participant's relationship as a Service Provider with the Company, nor will they interfere in any way with the Participant's right or the Company's right to terminate such relationship at any time, with or without cause, to the extent permitted by Applicable Laws. 14. Date of Grant. The date of grant of an Award will be, for all purposes, the date on which the Administrator makes the determination granting such Award, or such other later date as is determined by the Administrator. Notice of the determination will be provided to each Participant within a reasonable time after the date of such grant. 15. Compliance with Securities Law. The grant of Awards and the issuance of Shares pursuant to any Award shall be subject to compliance with all applicable requirements of federal, state and foreign law with respect to such securities and the requirements of any stock exchange or market system upon which the Shares may then be listed. In addition, no Award may be exercised or Shares issued pursuant to an Award unless (a) a registration statement under the Securities Act shall at the time of such exercise or issuance be in effect with respect to the Shares issuable pursuant to the Award or (b) in the opinion of legal counsel to the Company, the Shares issuable pursuant to the Award may be issued in accordance with the terms of an applicable exemption from the registration requirements of the Securities Act. The inability of the Company to obtain from any regulatory body having jurisdiction the authority, if any, deemed by the Company's legal counsel to be necessary to the lawful issuance and sale of any Shares hereunder shall relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such requisite authority shall not have been obtained. As a condition to issuance of any Stock, the Company may require the Participant to satisfy any qualifications that may be necessary or appropriate, to evidence compliance with any applicable law or regulation and to make any representation or warranty with respect thereto as may be requested by the Company. 16. Amendment and Termination of this Plan. The Board may amend, suspend or terminate this Plan at any time. No amendment, suspension or termination of this Plan shall affect any then  |

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| &nbsp;&nbsp;![GRAPHIC](tm235888d1_ex99-2img019.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2341038.1 outstanding Award unless expressly provided by the Board. Except as provided by the next sentence, no amendment, suspension or termination of this Plan may have a materially adverse effect on any then outstanding Award without the consent of the Participant. Notwithstanding any other provision of this Plan or any Award Agreement to the contrary, the Board may, in its sole and absolute discretion and without the consent of any Participant, amend this Plan or any Award Agreement, to take effect retroactively or otherwise, as it deems necessary or advisable for the purpose of conforming this Plan or such Award Agreement to any present or future law, regulation or rule applicable to this Plan, including, but not limited to, Section 409A of the Code. 17. Conditions Upon Issuance of Shares. 17.1 Legal Compliance. Shares will not be issued pursuant to the exercise of an Award unless the exercise of such Award and the issuance and delivery of such Shares will comply with Applicable Laws and will be further subject to the approval of counsel for the Company with respect to such compliance. 17.2 Investment Representations. As a condition to the exercise of an Award, the Company may require the Person exercising such Award to represent and warrant at the time of any such exercise that the Shares are being purchased only for investment and without any present intention to sell or distribute such Shares if, in the opinion of counsel for the Company, such a representation is required. 18. Miscellaneous Provisions. 18.1 Repurchase Rights; Shareholders' Agreement. Shares issued under this Plan may be subject to a right of first refusal, one or more repurchase options, or other conditions and restrictions as determined by the Board in its discretion at the time the Award is granted or that bind all similarly situated Participants. The Company shall have the right to assign at any time any repurchase right it may have, whether or not such right is then exercisable, to one or more persons as may be selected by the Company. Upon request by the Company, each Participant shall execute the Company's Shareholders' Agreement and any agreement evidencing such transfer restrictions prior to the receipt of Shares hereunder and shall promptly present to the Company any and all certificates representing Shares acquired hereunder for the placement on such certificates of appropriate legends evidencing any such transfer restrictions. 18.2 Inability to Obtain Authority. The inability of the Company to obtain authority from any regulatory body having jurisdiction or to complete or comply with the requirements of any registration or other qualification of the Shares under any state, federal or foreign law or under the rules and regulations of the Securities and Exchange Commission, the stock exchange on which Shares of the same class are then listed, or any other governmental or regulatory body, which authority, registration, qualification or rule compliance is deemed by the Company's counsel to be necessary or advisable for the issuance and sale of any Shares hereunder, will relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such requisite authority, registration, qualification or rule compliance will not have been obtained. 18.3 Nonexclusivity of this Plan. Neither the adoption of this Plan by the Board, the submission of this Plan to the stockholders of the Company for approval, nor any provision of this Plan will be construed as creating any limitations on the power of the Board to adopt such additional compensation arrangements as it may deem desirable, including, without limitation, the granting of stock awards and bonuses otherwise than under this Plan, and such arrangements may be either generally applicable or applicable only in specific cases. |

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| &nbsp;&nbsp;![GRAPHIC](tm235888d1_ex99-2img020.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2341038.1 18.4 Forfeiture Events. The Board may specify in an Award Agreement that the Participant's rights, payments, and benefits with respect to an Award shall be subject to reduction, cancellation, forfeiture, or recoupment upon the occurrence of specified events, in addition to any otherwise applicable vesting or performance conditions of an Award. Such events may include, but shall not be limited to, termination of Service for Cause or any act by a Participant, whether before or after termination of Service, that would constitute Cause for termination of Service. 18.5 Delivery of Title to Shares. Subject to any governing rules or regulations, the Company shall issue or cause to be issued the shares of Stock acquired pursuant to an Award and shall deliver such shares to or for the benefit of the Participant by means of one or more of the following: (a) by delivering to the Participant evidence of book entry shares of Stock credited to the account of the Participant, (b) by depositing such shares of Stock for the benefit of the Participant with any broker with which the Participant has an account relationship, or (c) by delivering such shares of Stock to the Participant in certificate form. 18.6 Fractional Shares. The Company shall not be required to issue fractional shares upon the exercise or settlement of any Award. 18.7 Retirement and Welfare Plans. Neither Awards made under this Plan nor shares of Stock or cash paid pursuant to such Awards may be included as "compensation" for purposes of computing the benefits payable to any Participant under any Company retirement plan (whether qualified or non-qualified) or welfare benefit plans unless such other plan expressly provides that such compensation shall be taken into account in computing a Participant's benefits. 18.8 Severability. If any one or more of the provisions (or any part thereof) of this Plan shall be held invalid, illegal or unenforceable in any respect, such provision shall be modified so as to make it valid, legal and enforceable, and the validity, legality and enforceability of the remaining provisions (or any part thereof) of this Plan shall not in any way be affected or impaired thereby. 18.9 No Constraint on Corporate Action. Nothing in this Plan shall be construed to: (a) limit, impair, or otherwise affect the Company's right or power to make adjustments, reclassifications, reorganizations, or changes of its capital or business structure, or to merge or consolidate, or dissolve, liquidate, sell, or transfer all or any part of its business or assets; or (b) limit the right or power of the Company to take any action which such entity deems to be necessary or appropriate. 18.10 Choice of Law. Except to the extent governed by applicable federal law, the validity, interpretation, construction and performance of this Plan and each Award Agreement shall be governed by the laws of the State of California, without regard to its conflict of law rules. |

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## Exhibit 99.3

#### Exhibit 99.3

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|:---|:---|
| &nbsp;&nbsp;![GRAPHIC](tm235888d1_ex99-3img001.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[AM_ACTIVE 404317481_13] AMENDMENT NO. 1 TO PRONTO MONEY TRANSFER, INC. 2020 EQUITY INCENTIVE PLAN December 5, 2022 WHEREAS, on January 25, 2022, Banco Inter S.A., a corporation (sociedade por ações) incorporated under the laws of the Federative Republic of Brazil ("Banco Inter"), a subsidiary of Inter & Co, Inc., a corporation organized under the laws of the Cayman Islands ("Inter&Co") acquired 100% of the equity interests of Inter&Co Payments, Inc. (formerly Pronto Money Transfer, Inc.), a California corporation ("Payments"); WHEREAS, the board of directors of Inter&Co (the "Board") approved the assumption and sponsorship of the Pronto Money Transfer, Inc. 2020 Equity Incentive Plan (the "Assumed Payments Plan") effective as of January 4, 2023 (the "Effective Time"); and WHEREAS, Section 16 of the Assumed Payments Plan generally provides that the Board may amend the Assumed Payments Plan subject to the terms and conditions therein. NOW, THEREFORE, Inter&Co hereby amends the Assumed Payments Plan as follows (this "Amendment"), which Amendment shall become effective only upon the occurrence of the Effective Time: 1. The name of the Assumed Payments Plan is hereby deleted and replaced as follows: "INTER&CO PAYMENTS, INC. AMENDED AND RESTATED 2020 EQUITY INCENTIVE PLAN" 2. Section 1.1 ("Purpose") is hereby amended to add a second paragraph thereto as follows: Inter & Co, Inc, a corporation organized under the laws of the Cayman Islands ("Inter&Co") assumed the Plan effective as of January 4, 2023 (the "Effective Time") and in connection with the acquisition by Banco Inter S.A., a corporation (sociedade por ações) incorporated under the laws of the Federative Republic of Brazil ("Banco Inter"), a subsidiary of Inter & Co, Inc., a corporation organized under the laws of the Cayman Islands ("Inter&Co") of 100% of the equity interests of Inter&Co Payments, Inc. (formerly Pronto Money Transfer, Inc.), a California corporation ("Payments"). 3. The definition of ("Company") in Section 2.1(k) is hereby deleted in its entirety and replaced as follows: "Common Stock" means the Class A Shares of the Company. 4. The definition of ("Company") in Section 2.1(l) is hereby deleted in its entirety and replaced as follows: |

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| &nbsp;&nbsp;![GRAPHIC](tm235888d1_ex99-3img002.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Company" means, prior to the Effective Time, Payments and, on or following the Effective Time, Inter&Co. 5. The definition of ("Consultant") in Section 2.1(m) is hereby amended to include the following as the second sentence of such definition: Notwithstanding any provision of this Plan to the contrary, "Consultant" shall not include any Consultant of Inter&Co or a Parent or Subsidiary who was engaged to render services to Inter&Co or a Parent or Subsidiary immediately prior to the Effective Time. 6. The definition of ("Employee") in Section 2.1(p) is hereby amended to include the following as the third sentence of such definition: Notwithstanding any provision of this Plan to the contrary, "Employee" shall not include any Employee of Inter&Co or a Parent or Subsidiary who was employed by Inter&Co or a Parent or Subsidiary immediately prior to the Effective Time. 7. The definition of ("Parent") in Section 2.1(cc) is hereby deleted in its entirety and replaced as follows: "Parent" means a "parent corporation" of the Company whether now or hereafter existing, as defined in Section 424(e) of the Code. 8. The definition of ("Subsidiary") in Section 2.1(rr) is hereby deleted in its entirety and replaced as follows: "Subsidiary" means a "subsidiary corporation" of the Company whether now or hereafter existing, as defined in Section 424(f) of the Code. 9. The first sentence of Section 3.1 ("Stock Subject to this Plan") is hereby deleted and replaced as follows: Subject to the provisions of this Section 3 of this Plan, a maximum aggregate of 1,095,384 Shares may be issued under this Plan. 10. Except as amended hereby, the Plan shall remain in full effect. |

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## Ex-Filing

**Exhibit 107**

**CALCULATION OF FILING FEE TABLES**

**Form S-8**<br> (Form Type)

**Inter & Co, Inc.**

(Exact name of Registrant as specified in its charter)

<u>Table 1: Newly Registered Securities</u>

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|:---|:---|:---|:---|:---|:---|:---|
| Security Type | Fee <br> Calculation<br> Rule | Amount <br> Registered <sup>(1)</sup> | Proposed <br> Maximum<br> Offering <br> Price Per <br> Unit<sup>(5)</sup> | Maximum <br> Aggregate<br> Offering Price | Fee Rate | Amount of <br> Registration<br> Fee |
| Equity Class A Common Shares<sup>(2) (3)</sup>, reserved for issuance pursuant to the 2022 Omnibus Incentive Plan | Other<sup>(5)</sup> | 10028988 | $2.31<sup>(5)</sup> | $23166962.28 | .00011020 | $2553.00 |
| Equity Class A Common Shares<sup>(2)(4)</sup>, reserved for issuance pursuant to the Payments Plan | Other<sup>(5)</sup> | 489386 | $1.92<sup>(5)</sup> | $939621.12 | .00011020 | $103.55 |
| Equity Brazilian Depositary Receipts, or "BDRs"<sup>(2)</sup> | Other |  |  | - |  | - |
| Total Offering Amounts | Total Offering Amounts | Total Offering Amounts |  | $24106583.40 |  | $2656.55 |
| Total Fee Offsets | Total Fee Offsets | Total Fee Offsets |  |  |  | N/A |
| Net Fee Due | Net Fee Due | Net Fee Due |  |  |  | $2656.55 |

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(1) Pursuant to Rule 416(a) under the Securities Act, this Registration Statement on Form S-8 (the "Registration Statement") shall also cover any additional Class A common shares, par value US$0.0000025 per share ("Class A Common Shares") of Inter & Co, Inc. (the "Registrant") as may become available for issuance pursuant to the 2022 Omnibus Incentive Plan (the "Plan") by reason of any share dividend, subdivision, recapitalization or other similar transaction effected without the receipt of consideration that results in an increase in the number of the Registrant's outstanding Class A Common Shares.

(2) Represents Class A Common Shares, that may initially be in the form of BDRs, offered and sold outside of the United States.

(3) Represents Class A Common Shares available for issuance pursuant to the Inter & Co, Inc. 2022 Omnibus Incentive Plan (the "Omnibus Plan"), which includes Class A Common Shares underlying certain awards originally issued under certain legacy equity plans of the Registrant and its subsidiaries and which will be converted into equity awards under the Omnibus Plan.

(4) Represents Class A Common Shares issuable pursuant to 489,386 issued and outstanding stock options granted ("Assumed Awards") under the Amended and Restated Inter & Co Payments, Inc. 2020 Equity Incentive Plan (the "Payments Plan"), which Assumed Awards were assumed by the Registrant in connection with the transactions by Banco Inter S.A. to transfer its shareholder base to the Registrant.

(5) The Proposed Maximum Offering Price Per Unit of Class A Common Shares has been calculated solely for the purposes of calculating the registration fee required by Section 6(b) of the Securities Act pursuant to Rules 457(c) and 457(h) under the Securities Act. The Proposed Maximum Offering Price Per Unit of Class A Common Shares is based on the sum of (i) the product of 10,028,988 Class A Common Shares reserved for future issuance under the Omnibus Plan and $2.31, the average of the high and low selling prices of the Class A Common Shares of the Registrant on February 6, 2023 as reported on the Nasdaq Global Select Market and (ii) the product of 489,386 Class A Common Shares underlying outstanding stock options granted pursuant to the Payments Plan and $1.92, the weighted average exercise price at which such outstanding stock options may be exercised.