Document:

EXECUTION VERSION

Amendment NO. 4 to credit agreement
This AMENDMENT NO. 4 TO CREDIT AGREEMENT (this “Amendment”) is entered into as of November 10, 2021, among TRINITY PLACE HOLDINGS INC., a Delaware corporation, as Borrower (the “Borrower”), each Subsidiary of the Borrower listed on the signature pages hereto, as a Guarantor, THE LENDERS PARTY HERETO and TRIMONT REAL ESTATE ADVISORS, LLC, as administrative agent (together with its permitted successors in such capacity, the “Administrative Agent”). Unless otherwise defined herein, each capitalized term used in this Amendment (including the recitals) and not defined herein shall be defined in accordance with the Credit Agreement.
RECITALS:
WHEREAS, Borrower, each Subsidiary of the Borrower listed on the signature pages hereto, the Administrative Agent and the Lenders are parties to that certain Credit Agreement, dated as of December 19, 2019 (as (i) amended by that certain Amendment No. 1 to Credit Agreement, dated as of January 30, 2020, by and between Borrower, the Administrative Agent and the Initial Lender, (ii) amended by that certain letter, dated as of January 30, 2020, from Borrower as consented to by the Initial Lender and acknowledged by the Administrative Agent, (iii) amended by that certain Amendment No. 2 to Credit Agreement, dated as of December 22, 2020, by and between Borrower, the Administrative Agent and the Initial Lender, (iv) amended by that certain Amendment No. 3 to Credit Agreement (“Amendment No. 3”), dated as of October 22, 2021, by and between Borrower, the Administrative Agent and the Initial Lender and (v) as further amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”); and
WHEREAS, the Borrower, the Lenders and the Administrative Agent desire to amend the Credit Agreement in accordance with the terms of this Amendment.
WHEREAS, in consideration of the promises and the mutual agreements set forth herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto hereby agree as follows:
SECTION 1​ ​AMENDMENTS TO CREDIT AGREEMENT
1.Effective as of the Amendment No. 3 Effective Date (as defined in Amendment No. 3):
1.1.Section 1.01 of the Credit Agreement is hereby amended by adding the definition of “Third Amendment Effective Date” below in alphabetical order:
		a.	“Third Amendment Effective Date” means October 22, 2021.

1.2.Section 1.01 of the Credit Agreement is hereby amended by deleting the definition of “Term Loan Commitment” and replacing it with the following:
		a.	 “Term Loan Commitment” means, (a) with respect to any Lender at any time, the amount set forth opposite such Lender’s name on Schedule I hereto under the caption “Term Loan Commitment” or (b) if such Lender has entered into or one or more Assignment and Acceptances, set forth for such Lender in the Register maintained by the Administrative Agent pursuant to Section Error! Reference source not found. as such Lender’s “Term Loan Commitment”, as such amount may be reduced at or prior to such time pursuant to Section Error! Reference source not found..  The aggregate Term Loan Commitments (x) of the Initial Lender on the Closing Date shall be $70,000,000, (y) of the Lenders on 

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			the Second Amendment Effective Date shall be $62,500,000 and (z) of the Lenders on the Third Amendment Effective Date and for the remainder of the term of this Agreement shall be $35,750,000.00.

1.3.Section 1.01 of the Credit Agreement is hereby amended by deleting the definition of “MOIC Amount” and replacing it with the following:
		a.	“MOIC Amount” means (a) if no Event of Default shall have occurred and be continuing, at any time prior to June 22, 2023, the amount equal to (1) the product of (x) the Combined DK/Trinity Loan Amount, multiplied by (y) thirty percent (30%), less (2) the amount equal to the sum of (i) all Capitalized PIK (as defined in the 77 Greenwich Mezzanine Loan Agreement) previously paid in cash, paid concurrently with such repayment (whether as interest or principal) or reasonably expected to be paid, (ii) the Commitment Fee (as defined in the Fee Letter (as defined in the 77 Greenwich Mezzanine Loan Agreement)), (iii) all interest payments at the Cash Pay Interest Rate or the PIK Interest Rate previously paid in cash or paid currently with such repayment (whether as interest or principal) by Borrower to the Administrative Agent or the Lenders pursuant to this Agreement, (iv) the Commitment Fee (as defined in the Fee Letter), (v) the amount of the Exit Fee previously paid or paid concurrently with such repayment by Borrower to the Administrative Agent or the Lenders pursuant to this Agreement, and (vi) any Prepayment Premium previously paid or concurrently paid with such repayment by Borrower to the Administrative Agent or the Lenders, multiplied by (3) a fraction, (x) the numerator of which is the Term Loan Commitment (i.e., $35,750,000.00) plus the amount of any drawn Incremental Term Advances (i.e., $0.00 as of the Amendment No. 4 Effective Date), and the denominator of which is the Combined DK/Trinity Loan Amount; provided, that notwithstanding anything to the contrary, in connection with payment of the MOIC Amount (as defined herein) or the MOIC Amount (as defined in the 77 Greenwich Mezzanine Loan Agreement), whichever occurs later, the parties to this Agreement and the 77 Greenwich Mezzanine Loan Agreement shall adjust such MOIC Amount (or if none is payable, the applicable party shall make a payment to the applicable payee) so that the MOIC Amount (as defined herein) and the MOIC Amount (as defined in the 77 Greenwich Mezzanine Loan Agreement) actually paid reflects all of the interest and fees actually paid pursuant hereto and pursuant to the 77 Greenwich Mezzanine Loan Agreement or (b) if an Event of Default shall have occurred and be continuing, or from and after June 22, 2023, the Term Loan Commitment (i.e., $35,750,000.00) plus the amount of any drawn Incremental Term Advances (i.e., $0.00 as of the Amendment No. 4 Effective Date) multiplied by 30% less (i) all interest payments at the Cash Pay Interest Rate or the PIK Interest Rate previously paid in cash or paid concurrently with such repayment (whether as interest or principal), (ii) the Commitment Fee (as defined in the Fee Letter), (iii) the amount of the Exit Fee previously paid or paid concurrently with such repayment by Borrower to the Administrative Agent or the Lender pursuant to this Agreement and (iv) any Prepayment Premium previously paid or concurrently paid with such repayment by Borrower to the Administrative Agent or the Lenders.

1.4.Notwithstanding anything to the contrary set forth in the Credit Agreement or in any other Loan Document, Section 2.17 of the Credit Agreement shall remain in full force and effect.
1.5.Notwithstanding anything to the contrary set forth herein (including, without limitation, Section 1.2 and 1.4 above), in the Credit Agreement or in any other Loan Document, (a) Borrower shall no longer be entitled to request or receive any Borrowing and (b) the Lenders shall have no further obligation to make any additional Advances. 

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SECTION 2​ ​MISCELLANEOUS
2.1.Conditions to Effectiveness of this Amendment.  This Amendment (including, without limitation, the amendments to the Credit Agreement described in Section 1 hereof), shall become effective upon receipt by the Administrative Agent of this Agreement, duly executed and delivered by each applicable Loan Party and each other Person party thereto (the “Amendment No. 4 Effective Date”).
2.2.Representations and Warranties.  To induce the other parties hereto to enter into this Amendment, each Loan Party represents and warrants to the Administrative Agent and each of the Lenders that, as of the Amendment No. 4 Effective Date and immediately after giving effect to this Amendment:
(a) This Amendment has been duly executed and delivered by each Loan Party, and constitutes the legal, valid and binding obligation of such Loan Party, enforceable against such Loan Party, in accordance with its terms, except to the extent that the enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws generally affecting creditors’ rights and by equitable principles (regardless of whether enforcement is sought in equity or at law).  The Credit Agreement, as amended by this Amendment, constitutes the legal, valid and binding obligation of each Loan Party, enforceable against such Loan Party, in accordance with its terms, except to the extent that the enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws generally affecting creditors’ rights and by equitable principles (regardless of whether enforcement is sought in equity or at law).
(b)The execution and delivery by each Loan Party of this Amendment, and the performance of its obligations hereunder and the other transactions contemplated by this Amendment, are within the corporate, limited liability company or partnership powers of such Loan Party, have been duly authorized by all necessary corporate, limited liability company or partnership action, and do not (i) contravene Organization Documents of such Loan Party, (ii) violate any law, rule, regulation (including, without limitation, Regulation X of the Board of Governors of the Federal Reserve System), order, writ, judgment, injunction, decree, determination or award, (iii) conflict with or result in the breach of, or constitute a default under, any Material Contract, loan agreement, indenture, mortgage, deed of trust, lease or other instrument binding on or affecting any Loan Party, any of its Subsidiaries or any of their properties or (iv) except for the Liens created under the Loan Documents, result in or require the creation or imposition of any Lien upon or with respect to any of the properties of any Loan Party or any of its Subsidiaries.  No Loan Party or any of its Subsidiaries is in violation of any such law, rule, regulation, order, writ, judgment, injunction, decree, determination or award or in breach of any such contract, loan agreement, indenture, mortgage, deed of trust, lease or other instrument, the violation or breach of which could reasonably be expected to result in a Material Adverse Effect.
(c)The representations and warranties of each Loan Party contained in Article IV of the Credit Agreement as amended by this Amendment, and the representations and warranties in each other Loan Document are true and correct in all material respects (except to the extent that any representation or warranty that is qualified by materiality shall be true and correct in all respects) on and as of the Amendment No. 4 Effective Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects (or, if qualified by materiality, in all respects) as of such earlier date, except to the extent that failure of a representation or warranty to be true and correct does not result from a breach of a covenant under the Credit Agreement, and except that for purposes of Section Error! Reference source not found. of the Credit Agreement, the representations and warranties contained in Section Error! Reference source not found. of the Credit Agreement shall be deemed to refer to the most recent statements furnished pursuant to subsections (b) and (c), respectively, of Section Error! Reference source not found. of the Credit Agreement and the items listed on any schedule shall be reasonably acceptable to the Required Lenders.

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(d)No Default or Event of Default has occurred or is continuing under the Credit Agreement. 
2.3Acknowledgments and Affirmations.  Each Loan Party hereby acknowledges the terms of this Amendment and confirms and reaffirms, as of the date hereof, (i) the covenants and agreements contained in each Loan Document to which it is a party, including, in each case, such covenants and agreements as in effect immediately after giving effect to this Amendment and the transactions contemplated hereby and thereby, (ii) to the extent applicable, its guarantee of the Obligations and (iii) its grant of Liens on the Collateral to secure the Obligations pursuant to the Security Agreement; provided that, on and after the effectiveness of this Amendment, each reference in the Security Agreement and in each of the other Loan Documents to “the Credit Agreement”, “thereunder”, “thereof” or words of like import shall mean and be a reference to the Credit Agreement, as amended hereby.  Except as herein otherwise specifically provided, all provisions of the Credit Agreement shall remain in full force and effect and be unaffected hereby.  This Amendment is a Loan Document.  Each Loan Party, the Administrative Agent and each Lender acknowledges and affirms that no Lender has made (and Borrower has not requested) an Incremental Term Advance pursuant to the Credit Agreement.
2.4  Counterparts; Integration. This Amendment may be executed by one or more of the parties to this Amendment on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument.  This Amendment together with the Credit Agreement and the other Loan Documents, constitute the entire agreement among the parties hereto and thereto regarding the subject matter hereof and thereof and supersede all prior agreements and understandings, oral or written, regarding such subject matter.  Delivery of an executed counterpart to this Amendment or any other Loan Document by facsimile transmission or by electronic mail shall be as effective as delivery of a manually executed counterpart hereof.
2.5Jurisdiction, Etc.; Governing Law.  Sections 9.14 (Jurisdiction, Etc.) and 9.15 (Governing Law) of the Credit Agreement are hereby incorporated by reference into this Amendment, mutatis mutandis.
2.6Severability.  Any provision of this Amendment held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions thereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction.
2.7Payment of Expenses.  The Borrower agrees to pay and reimburse, pursuant to Section 9.04 of the Credit Agreement, the Administrative Agent for all of its reasonable out-of-pocket costs and expenses incurred in connection with this Amendment.
2.8Effect of Amendment.  Except as expressly set forth herein, this Amendment shall not by implication or otherwise limit, impair, constitute a waiver of, or otherwise affect the rights and remedies of the Lenders, the Administrative Agent, the Borrower or the Guarantors under the Credit Agreement or any other Loan Document, and, except as expressly set forth herein, shall not alter, modify, amend or in any way affect any of the other terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect.  Nothing herein shall be deemed to entitle any Person to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document in similar or different circumstances.  This Amendment shall apply and be effective only with respect to the provisions amended herein of the Credit Agreement.  Upon the effectiveness of this Amendment, each reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof,” “herein” or words of similar import shall mean and be a reference to the Credit Agreement as amended by this Amendment and each reference in any other 

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Loan Document shall mean the Credit Agreement as amended hereby.  This Amendment shall constitute a Loan Document.
2.9Release of Claims.  Each Loan Party hereby releases, acquits and forever discharges Administrative Agent and each of the Lenders (collectively, the “Lender Parties”) from any and all claims, demands, debts, actions, causes of action, suits, defenses, offsets against the Indebtedness and Obligations of the Loan Parties and liabilities of any kind or character whatsoever, known or unknown, suspected or unsuspected, in contract or in tort, at law or in equity, including without limitation, such claims and defenses as fraud, mistake, duress, usury and any other claim of so-called “lender liability”, which the Loan Parties ever had, now have or might hereafter have against the Lender Parties, jointly or severally, for or by reason of any matter, cause or thing whatsoever occurring prior to the date hereof in respect of (i) the Lender Parties’ administration of the Facility and the Loans, (ii) the Loan Documents, (iii) this Agreement, (iv) the Collateral and (v) the Indebtedness and Obligations of the Loan Parties.
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 [Signature pages follow.]
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IN WITNESS WHEREOF, this Amendment has been duly executed and delivered as of the date first above written.
TRINITY PLACE HOLDINGS INC., as Borrower
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By:    /s/ Steven Kahn                      
Name: Steven Kahn
Title: Chief Financial Officer
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TPH 250 N 10 INVESTOR LLC, as a Guarantor
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By: /s/ Steven Kahn                      
Name: Steven Kahn
Title: Chief Financial Officer
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TPH 223 N 8TH INVESTOR LLC, as a Guarantor
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By: /s/ Steven Kahn                      
Name: Steven Kahn
Title: Chief Financial Officer
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TPHGREENWICH HOLDINGS LLC, as a Guarantor
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By: /s/ Steven Kahn                      
Name: Steven Kahn
Title: Chief Financial Officer
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Signature Page to Amendment No. 4 to Credit Agreement
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TPH IP LLC, as a Guarantor
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By: /s/ Steven Kahn                      
Name: Steven Kahn
Title: Chief Financial Officer
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FILENE’S BASEMENT, LLC, as a Guarantor
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By: /s/ Steven Kahn                      
Name: Steven Kahn
Title: Chief Financial Officer
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TPH MERRICK LLC, as a Guarantor
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By: /s/ Steven Kahn                      
Name: Steven Kahn
Title: Chief Financial Officer
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TPH 470 4TH AVENUE INVESTOR LLC, as a Guarantor
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By: /s/ Steven Kahn                      
Name: Steven Kahn
Title: Chief Financial Officer
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Signature Page to Amendment No. 4 to Credit Agreement
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	TRIMONT REAL ESTATE ADVISORS, LLC, as Administrative Agent 
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By:

/s/ Mitchell Hunter
Name: Mitchell Hunter
Title:  Authorized Signatory

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Signature Page to Amendment No. 4 to Credit Agreement
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TPHS LENDER LLC, as Initial Lender
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By: /s/ Joshua D. Morris
Name: Joshua D. Morris
Title:  Manager 

Signature Page to Amendment No. 4 to Credit Agreement
​Document

EXHIBIT 10.1
VIA ELECTRONIC DELIVERY

September 25, 2021

Amy Ard

Dear Amy:

This letter agreement ("Agreement") sets forth the terms and conditions of our agreement concerning your separation from Proterra Inc and its subsidiary Proterra Operating Company, Inc. (collectively, "Proterra" or "Company").

1.Transition Agreement. September 15, 2021 will be your last day of employment as Chief Financial Officer, but you will provide transition services to the Company (reporting to the Interim Chief Financial Officer or Chief Financial Officer) until the earlier of (a) 30 days after the appointment of a new permanent Chief Financial Officer, or (b) February I, 2022, to assist with the transition of responsibilities, unless the Company determines in its sole discretion that it no longer needs transition services ("Transition Agreement"). Your hours during this Transition Agreement will be mutually agreed with the CEO but are expected to taper to part time hours after October 15, 2021 and remain part time through your last day of transition services. If you provide transition services as an employee, your salary will be prorated to reflect the part time hours. If you provide transition services as a consultant, your hourly rate will be determined based on your annual base salary as of September 15, 2021. The parties anticipate that as of January 1, 2022, hours needed for transition services will be approximately ten hours per week, and that you will become a consultant to the Company at that time. Your last day of transition services will be your Separation Date ("Separation Date").

2.Final Pay. You will receive your final paycheck from Proterra on your Separation Date. You will receive this pay regardless of whether or not you accept this Agreement.

3.Unemployment Benefits. You may be eligible for unemployment benefits after your Separation Date, however, Proterra makes no representations or guarantees as to unemployment benefits.

4.Separation Package. You acknowledge and agree that you are not entitled to the severance benefits enumerated in this paragraph unless you sign this Agreement by the end of the 21- day period described in paragraph 15 herein, and allow it to become effective, and sign the "Bring Down Release" on Exhibit A following your Separation Date. You also agree that each separate severance benefit below constitutes adequate legal consideration for the promises and representations made by you in this Agreement.
In exchange for your promises and full and final release of all claims as set forth in this Agreement, Proterra will provide you the following consideration (the "Separation Package") following your Separation Date provided that if you choose to stop providing transition services earlier than provided for in the Transition Agreement, then this Separation Package will not be available to you:
4.1.Separation Payment. In lieu of the salary continuation payments due to you under paragraph 2(a) of the September 11, 2018 Severance Agreement between you and the Company ("2018 Severance Agreement"), Proterra will pay you a lump sum of $187,500, less any applicable 

payroll and withholding taxes and any other normal or required deductions, within 7 days of the Separation Date.
4.2.Special Separation Payment.  In lieu of the Continued Employee Benefits provided for in paragraph 2(b) of the Severance Agreement, Proterra will pay you a taxable lump sum payment within 7 days of the Separation Date that is equal to the product of
(1)the monthly premium that you would be required to pay to continue your group health care coverage (for you and your family) under the Consolidated Omnibus Budget Reconciliation Act of 1985 ("COBRA") in effect as of September 15, 2021 (which amount is based on the premium for the first month of COBRA coverage) multiplied by six (6) months and (2) 1.5, provided that the Release in Section 7 of this Agreement becomes effective and irrevocable (the "Special Separation Payment"). You may, but are not obligated to, use the Special Separation Payment toward the cost of COBRA premiums. The Special Separation Payment is a fixed sum that is not subject to increase or decrease based on your actual costs to obtain health care coverage. The Special Separation Payment based on 2021 COBRA rates will be $5952.78. You are required to apply for COBRA benefits separately. Please carefully review the information regarding COBRA provided to you by the Company and make note of the applicable deadlines.
4.3.Stock Option Exercise Period Extension. You hold options to purchase shares of Company stock as set forth in the terms of the Company's 2010 Equity Incentive Plan, Stock Option Agreement and any applicable Notices of Stock Option Grant. You will continue to vest in stock options while you provide transition services during the Transition Agreement. The number of vested options you hold will be determined as of your Separation Date. The Company agrees to take the steps necessary to extend the time period for you to exercise any vested stock options to the earlier of (i) twelve (12) months from the Separation Date or (ii) the expiration date of each such option. Your vesting in any and all ISO and NSO options will cease as of the Separation Date and the terms of the Company's 2010 Equity Incentive Plan and Stock Option Agreement and any applicable Notice of Stock Option Grant will continue to govern any options or shares of Company stock owned by you.
4.4.Discretionary Severance Payment. If this Agreement becomes effective and irrevocable, and if your Separation Date renders you ineligible for participation in the Company's 2021 bonus plan, then the Company agrees to take the steps necessary to consider you eligible to receive a payment comparable to the bonus payment that you would have been eligible to receive pursuant to the Company's 2021 bonus plan if you were within the pool of employees that may receive a bonus under that plan at the time bonus payments are considered by the Compensation Committee. There is no guarantee, however, that you would have received a bonus payment under the 2021 bonus plan, as all such payments are at the discretion of the Compensation Committee and not guaranteed. The Company will notify you within 30 days of your Separation Date if an additional payment will be made to you, and if so, the payment, if any, will be paid to you on or before March 15, 2022.
5.No Additional Compensation or Benefits. Other than the consideration expressly set forth above, you will not be entitled to any additional compensation or benefits, of any type whatsoever, from Proterra, except as may be mandated by law. By your signature below and on the "Bring Down Release" on Exhibit A, you expressly acknowledge that you have been paid and have received from Proterra all compensation, wages, leave, benefits, bonuses, commissions, and other payments due and owing from the Company as of the Separation Date, and that no other compensation, wages, paid time off, benefits, bonuses, commissions, or other payments are or will be due to you, except as expressly provided in this Agreement.

6.        Section 409A.-This Agreement and all payments and benefits hereunder are intended to be exempt from or otherwise comply with Section 409A of the Internal Revenue Code of 1986, as amended and the regulations and guidance thereunder (together, "Section 409A"), so that none of the payments and benefits to be provided hereunder will be subject to the additional tax imposed under Section 409A, and any ambiguities or ambiguous terms herein will be interpreted in that manner. In all cases, any payment to you under this Agreement will be paid within the "short-term deferral" period under Section 409A. Notwithstanding the foregoing, if and to the extent necessary to avoid subjecting you to an additional tax under Section 409A, payment of all or a portion of the severance payments or benefits payable under this Agreement and any other separation related deferred compensation (within the meaning of Section 409A) will be delayed until the date that is 6 months and 1 day following your separation from service (within the meaning of Section 409A). You and the Company agree to work together to consider amendments to this Agreement and to take such reasonable actions to avoid imposition of any additional tax or income recognition under Section 409A prior to actual payment to you. Each payment and benefit payable under this Agreement is intended to constitute a separate payment for purposes of the Section 409A-related regulations.
7.Job References. You agree that all inquiries to Proterra regarding your employment with and separation from Proterra are to be directed to Proterra's Corporate Human Resources department at 864-438-0000. Upon your request and with your written consent, Proterra shall amicably, professionally and reasonably cooperate with any requests from you for any references or recommendations.
8.Release & Satisfaction of All Claims.
8.1.You unconditionally, irrevocably and absolutely release and forever discharge the Company, and any parent and subsidiary corporations, divisions, investors, partnerships or affiliated entities of the Company, past, present and future, as well as each of such entities' employees, owners, officers, directors, managers, agents, investors, shareholders, partners, principals, consultants, insurers, underwriters, attorneys, accountants, lenders, successors and assigns (collectively, "Released Parties"), from any and all claims, demands, damages, debts, rights, obligations,
liabilities, guarantees, actions, and causes of action of every kind and nature whatsoever, whether now known or unknown, which you now have, ever had, or shall or may hereafter have against any of the Released Parties based upon, arising out of, or related to any matter, cause, fact, thing, act, or omission whatsoever occurring or existing at any time up to and including the Effective Date of this Agreement, including, but not limited to, your employment with the Company, your compensation and benefits, the termination of your employment, and all other losses, liabilities, claims, charges, demands and causes of action, known or unknown,
suspected or unsuspected, arising directly or indirectly out of or in any way connected with your employment with the Company. This release is intended to have the broadest possible application and includes, but is not limited to, any tort, contract, common law, constitutional or statutory claims arising under local, state or federal law, including, but not limited to alleged violations of the Age Discrimination in Employment Act (29 U.S.C. §621 et seq.), Title VII of the Civil Rights Act of 1964 (42 U.S.C. §2000 et seq.), California Labor Code, the California Fair Employment and Housing Act, the Family and Medical Leave Act, Title VII of the Civil Rights Act of 1964, the Americans with Disabilities Act, the Worker Adjustment and Retraining Notification Act, and all claims for wrongful termination, discrimination, harassment, retaliation, breach of contract, infliction of emotional distress, breach of fiduciary duty, fraud, defamation, invasion of privacy, personal injury or any other cause of action as well as all attorneys' fees, costs, expenses, interest, liquidated damages, punitive damages and/or penalties and all claims for restitution or other equitable relief.
8.2.You acknowledge that this is a resolution of known and unknown claims and although you may discover facts or law different from, or in addition to, the facts or law that you now know or believe to be true with respect to the claims released in this Agreement, you agree, nonetheless, that this 

Agreement and the release contained in it shall remain effective as a release of known and unknown claims notwithstanding such different or additional facts or the discovery of them. In furtherance of this intent, you acknowledge and agree that all rights under Section 1542 of the California Civil Code are expressly waived. That section provides:

A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.

8.3.You acknowledge that this general release is not intended to bar any claims that, by statute, may not be waived, such as claims for workers' compensation benefits, unemployment insurance benefits, or indemnification, as applicable.

8.4.You understand that nothing contained in this Agreement limits your ability to file a charge or complaint with the Equal Employment Opportunity Commission, the National
Labor Relations Board, the Occupational Safety and Health Administration, the Securities and Exchange Commission or any other federal, state or local governmental agency or commission ("Government Agencies''). You further understand that this Agreement does not limit your ability to communicate with any Government Agencies or otherwise participate in any investigation or proceeding that may be conducted by any Government Agency, including providing documents or other information, without notice to the Company. This Agreement also does not limit your right to receive an award for information provided to any Government Agencies.

8.5.    You and the Company acknowledge and agree that the above Release in this paragraph 8 does not affect the Company's indemnification obligations pursuant to the Company's bylaws and the Indemnity Agreement between you and Proterra Inc attached as Exhibit B. All surviving obligations and duties contained in the Indemnity Agreement continue and are not extinguished by this Agreement.
9.Return of Property. You represent that you will, by your Separation Date, have returned all property, both originals and photocopies of all documents, and all tangible items which belong to Proterra.
10.Confidentiality. Unless otherwise required by law including Securities and Exchange Commission regulations, Proterra shall keep this Agreement and the terms herein confidential and shall not share or disclose the same other than required for due diligence and regulatory compliance. You agree that the terms and conditions of this Agreement and the circumstances surrounding your separation from Proterra will be kept confidential and will not be discussed in any manner with anyone. except your spouse and/or attorney, and tax/financial planners or advisors (who shall likewise agree to maintain the confidentiality of this agreement), or to governmental authorities in response to official inquiries, or as required by law. Notwithstanding the foregoing, nothing in this Agreement shall in any way limit or prohibit you from engaging for a lawful purpose in any Protected Activity. For purposes of this Agreement, "Protected Activity" shall mean filing a charge or complaint, or otherwise communicating, cooperating, or participating with, any state, federal, or other governmental agency, including the Securities and Exchange Commission, the Equal Employment Opportunity Commission, and the National Labor Relations Board. Notwithstanding any restrictions set forth in this Agreement, you understand that you are not required to obtain authorization from the Company prior to disclosing information to, or communicating with, such agencies, nor are you obligated to advise the Company as to any such protected disclosures or communications. Notwithstanding, in making any such disclosures or communications, you agree to take all reasonable precautions to prevent any unauthorized use or disclosure of any information that may constitute Company confidential information under the 

Confidentiality Agreement to any parties other than the relevant government agencies. You further understand that "Protected Activity" does not include the disclosure of any Company attorney-client privileged communications, and that any such disclosure without the Company's written consent shall constitute a material breach of this Agreement.
11.Continuing Obligations to Proterra. You expressly reaffirm and agree to abide by your obligations and promises contained in the Employee Arbitration, Confidentiality, and
Invention Assignment Agreement (the “Confidentiality Agreement") signed by you (a copy of which accompanies this Agreement as Exhibit C), including those provisions relating to nondisclosure, non-solicitation and arbitration. You understand and agree that all surviving obligations and duties contained in the Confidentiality Agreement continue and are not extinguished by this Agreement.
12.Cooperation. You agree to provide reasonable and prompt cooperation to the Company should your knowledge be deemed useful by the CEO or Board in pursuing or defending any litigation or other legal or administrative claim or patent proceeding involving Proterra or any of its employees, officers, directors or affiliated entities and any third party. Examples of such cooperation may include speaking with individuals at the Company or its outside counsel, assisting in locating documents or other evidence, and providing truthful testimony. The Company will reimburse you for reasonable out-of-pocket costs in connection with your cooperation.
13.Full Agreement. You and Proterra agree that the terms and conditions of this Agreement, the Confidentiality Agreement, Indemnity Agreement, and your equity grant agreements, constitute the full and complete understanding and agreement between us concerning your separation from the Company and supersede all prior negotiations and agreements, whether written or oral, relating to such subject matter. There are no other understandings or agreements between us other than those as fully set forth in this Agreement.
14.Voluntary Signature. By signing this Agreement, you acknowledge that you are voluntarily entering into this agreement after having carefully considered its provisions and their consequences. You have been advised and have had an opportunity to consult with an attorney to assist you in understanding the legally binding nature of this Agreement's provisions.
15.Execution and Revocation Period. Pursuant to the Older Workers Benefit Protection
Act ("OWBPA"), you hereby acknowledge that:
a)By executing this Agreement, you waive any and all rights and/or claims, if any, that you may have against Proterra under the Age Discrimination in Employment Act of 1967, 29 U.S.C. § 626, et seq. ("ADEA'');

b)That this Agreement has been written in a manner calculated to be understood by you, and is in fact understood by you;

c)That the aforementioned waiver reflects specifically, but is not limited to, all rights or claims, if any, that you may have against Proterra arising under the ADEA;

d)That you are not waiving rights and claims that you may have under the ADEA against Proterra that may arise after the date on which this Agreement is executed;

e)That you are waiving rights and claims that you may have under the ADEA, if any, only in exchange for consideration in addition to anything of value to which you are already entitled;
f)That you were advised and have had the opportunity to consult with an attorney of your choice prior to executing this Agreement;

g)That you have been given a period of 21 days from the date on which you received this Agreement, not counting the day upon which you received the Agreement, within which to consider whether to sign this Agreement;

h)That if you wish to execute this Agreement prior to the expiration of the 21-day period set forth in subsection (g) of this Paragraph 15, you may do so;
i)That you have been given a period of 1 days following the execution of this Agreement to revoke your waiver of all claims, if any, under the ADEA, and your release of any claims under the ADEA shall not become effective or enforceable until the revocation period has expired without you revoking your waiver of all claims under the ADEA;

j)To revoke your waiver of all claims under the ADEA, you understand that you must deliver a written, signed statement that you revoke your waiver of all claims under the ADEA to Proterra by hand or by mail within the1· day revocation period. The revocation must be postmarked within the period stated above and properly addressed to Proterra at the following address: Kelly Scheib, Vice President, Human Resources, Proterra Inc, 1 Whitlee Court, Greenville, SC 29607; and
k)That if you revoke your waiver of claims under the ADEA then you will not be entitled to any of the severance benefits described in Paragraph 4.

16.Governing Law. This Agreement and all matters related thereto shall be governed pursuant to the laws of the State of California.
17.No Admission. This Agreement is intended to provide for an orderly termination of your employment relationship with Proterra, and it is understood and agreed by the parties hereto that this Agreement does not constitute, nor shall it be construed as, an admission by Proterra of any liability whatsoever for any act or omission, nor shall it be construed as an admission of any violation of the Age Discrimination in Employment Act, Americans with Disabilities Act, The Civil Rights Act of 1991, Title VII of the Civil Rights Act of 1964, the Equal Pay Act, the Employee Retirement Income Security Act, Executive Order 11246, as amended, or any other applicable international, federal, state, or local law, ordinance,
regulation, or order.
18.Severability. If any term or provision of this Agreement is invalid, illegal, or unenforceable in any jurisdiction, such invalidity, illegality, or unenforceability shall not affect any other term or provision of this Agreement or invalidate or render unenforceable such term or provision in any other jurisdiction. Upon a determination that any term or provision is invalid, illegal, or unenforceable, the parties hereto shall negotiate in good faith to or a tryer of fact may modify this Agreement to affect the original intent of the parties as closely as possible in order that the transactions contemplated hereby be consummated as originally contemplated to the greatest extent possible.

If this Agreement is acceptable to you, please sign below indicating your intention to be legally
bound by its terms. Please return the original to me.    

									
	Sincerely,	ACCEPTED AND AGREED BY:
			
			
	Jack Allen	Signed:	/s/ Amy Ard
			
	Chief Executive Officer	By:	Amy Ard
			
		Date	
			
			

Exhibit A
Bring Down Release & Satisfaction of All Claims
I unconditionally, irrevocably and absolutely release and forever discharge the Company, and any parent and subsidiary corporations, divisions, investors, partnerships or affiliated entities of the Company, past, present and future, as well as each of such entities' employees, owners, officers, directors, managers, agents, investors, shareholders, partners, principals, consultants, insurers, underwriters, attorneys, accountants, lenders, successors and assigns (collectively, "Released Parties"), from any and all claims, demands, damages, debts, rights, obligations, liabilities, guarantees, actions, and causes of action of every kind and nature whatsoever, whether now known or unknown, which I now have, ever had, or shall or may hereafter have against any of the Released Parties based upon, arising out of, or related to any matter, cause, fact, thing, act, or omission whatsoever occurring or existing at any time up to and including the date of this Bring Down Release & Satisfaction of All Claims, including, but not limited to, my employment with the Company, my compensation and benefits, the termination of my employment, and all other losses, liabilities, claims, charges, demands and causes of action, known or unknown, suspected or unsuspected, arising directly or indirectly out of or in any way connected with my employment with the Company. This release is intended to have the broadest possible application and includes, but is not limited to, any tort, contract, common law, constitutional or statutory claims arising under local, state or federal law, including, but not limited to alleged violations of the Age Discrimination in Employment Act (29 U.S.C. §621 et seq.), Title VII of the Civil Rights Act of 1964 (42 U.S.C. §2000 et seq.), California Labor Code, the California Fair Employment and Housing Act, the Family and Medical Leave Act, Title VII of the Civil Rights Act of 1964, the Americans with Disabilities Act, the Worker Adjustment and Retraining Notification Act, and all claims for wrongful termination, discrimination, harassment, retaliation, breach of contract, infliction of emotional distress, breach of fiduciary duty, fraud, defamation, invasion of privacy, personal injury or any other cause of action as well as all attorneys' fees, costs, expenses, interest, liquidated damages, punitive damages and/or penalties and all claims for restitution or other equitable relief.
I acknowledge that this is a resolution of known and unknown claims and although I may discover facts or law different from, or in addition to, the facts or law that I now know or believe to be true with respect to the claims released in this Agreement, I agree, nonetheless, that this Agreement and the release contained in it shall remain effective as a release of known and unknown claims notwithstanding such different or additional facts or the discovery of them. In furtherance of this intent, I acknowledge and agree that all rights under Section 1542 of the California Civil Code are expressly waived. That section provides:

A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.

I understand, that notwithstanding any provision to the contrary, this agreement is not intended to restrict, limit or waive any rights or claims stated in Section 8.3, 8.4 and 8.5 of the Agreement.

						
	Singed:	
		Amy Ard
	Date:	

[DO NOT SIGN UNTIL AFTER THE SEPARATION DATE]

EXHIBITB

Indemnity Agreement

EXHIBITC

Employee Arbitration, Confidentiality and Invention Assignment Agreement

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