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Exhibit 10.1

LIONS GATE ENTERTAINMENT CORP. 
2019 PERFORMANCE INCENTIVE PLAN 
(As Amended and Restated Effective July 21, 2020) 
1. PURPOSE OF PLAN 
The purpose of this Lions Gate Entertainment Corp. 2019 Performance Incentive Plan (this “Plan”) of Lions Gate Entertainment Corp., a company continued under the laws of the Province of British Columbia (the “Corporation”), is to promote the success of the Corporation by providing an additional means through the grant of awards to attract, motivate, retain and reward selected employees and other eligible persons and to enhance the alignment of the interests of the selected participants with the interests of the Corporation’s shareholders. 
2. ELIGIBILITY 
The Administrator (as such term is defined in Section 3.1) may grant awards under this Plan only to those persons that the Administrator determines to be Eligible Persons. An “Eligible Person” is any person who is either: (a) an officer (whether or not a director) or employee of the Corporation or one of its Subsidiaries; (b) a director of the Corporation or one of its Subsidiaries; or (c) an individual consultant or advisor who renders or has rendered bona fide services (other than services in connection with the offering or sale of securities of the Corporation or one of its Subsidiaries in a capital-raising transaction or as a market maker or promoter of securities of the Corporation or one of its Subsidiaries) to the Corporation or one of its Subsidiaries and who is selected to participate in this Plan by the Administrator; provided, however, that a person who is otherwise an Eligible Person under clause (c) above may participate in this Plan only if such participation would not adversely affect either the Corporation’s eligibility to use Form S-8 to register under the United States Securities Act of 1933, as amended (the “Securities Act”), the offering and sale of shares issuable under this Plan by the Corporation or the Corporation’s compliance with any other applicable laws. An Eligible Person who has been granted an award (a “participant”) may, if otherwise eligible, be granted additional awards if the Administrator shall so determine. As used herein, “Subsidiary” means any corporation or other entity a majority of whose outstanding voting stock or voting power is beneficially owned directly or indirectly by the Corporation; and “Board” means the Board of Directors of the Corporation. 
3. PLAN ADMINISTRATION 
3.1 The Administrator. This Plan shall be administered by and all awards under this Plan shall be authorized by the Administrator. The “Administrator” means the Board or one or more committees (or subcommittees, as the case may be) appointed by the Board or another committee (within its delegated authority) to administer all or certain aspects of this Plan. Any such committee shall be comprised solely of one or more directors or such number of directors as may be required under applicable law. A committee may delegate some or all of its authority to another committee so constituted. The Board or a committee comprised solely of directors may also delegate, to the extent permitted by applicable law, to one or more officers of the Corporation, its authority under this Plan. The Board or another committee (within its delegated authority) may delegate different levels of authority to different committees or persons with administrative and grant authority under this Plan. Unless otherwise provided in the Articles of the Corporation or the applicable charter of any Administrator: (a) a majority of the members of the acting Administrator shall constitute a quorum, and (b) the vote of a majority of the members present assuming the presence of a quorum or the unanimous written consent of the members of the Administrator shall constitute action by the acting Administrator. 
3.2 Powers of the Administrator. Subject to the express provisions of this Plan, the Administrator is authorized and empowered to do all things necessary or desirable in connection with the authorization of awards and the administration of this Plan (in the case of a committee or delegation to one or more officers, within any express limits on the authority delegated to that committee or person(s)), including, without limitation, the authority to: 
(a) determine eligibility and, from among those persons determined to be eligible, determine the particular Eligible Persons who will receive an award under this Plan; 
(b) grant awards to Eligible Persons, determine the price (if any) at which securities will be offered or awarded and the number of securities to be offered or awarded to any of such persons (in the case of securities-based awards), determine the other specific terms and conditions of awards consistent with the express limits of this Plan, establish the installment(s) (if any) in which such awards shall become exercisable or shall vest (which may include, without limitation, performance and/or time-based schedules), or determine that no delayed exercisability or vesting is required, establish any applicable performance-based exercisability or vesting requirements, determine the circumstances in which any performance-based goals (or the applicable measure of performance) will be adjusted and the nature and impact of any such 
						
		
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adjustment, determine the extent (if any) to which any applicable exercise and vesting requirements have been satisfied, establish the events (if any) on which exercisability or vesting may accelerate (which may include, without limitation, retirement and other specified terminations of employment or services, or other circumstances), and establish the events (if any) of termination, expiration or reversion of such awards; 

(c) approve the forms of any award agreements (which need not be identical either as to type of award or among participants); 
(d) construe and interpret this Plan and any agreements defining the rights and obligations of the Corporation, its Subsidiaries, and participants under this Plan, make any and all determinations under this Plan and any such agreements, further define the terms used in this Plan, and prescribe, amend and rescind rules and regulations relating to the administration of this Plan or the awards granted under this Plan; 
(e) cancel, modify, or waive the Corporation’s rights with respect to, or modify, discontinue, suspend, or terminate any or all outstanding awards, subject to any required consent under Section 8.6.5; 
(f) accelerate, waive or extend the vesting or exercisability, or modify or extend the term of, any or all such outstanding awards (in the case of options or share appreciation rights, within the maximum term of such awards) in such circumstances as the Administrator may deem appropriate (including, without limitation, in connection with a retirement or other termination of employment or services or other circumstances) subject to any required consent under Section 8.6.5; 
(g) adjust the number of Common Shares subject to any award, adjust the price of any or all outstanding awards or otherwise waive or change previously imposed terms and conditions, in such circumstances as the Administrator may deem appropriate, in each case subject to Sections 4 and 8.6 (and subject to the no repricing provision below); 
(h) determine the date of grant of an award, which may be a designated date after but not before the date of the Administrator’s action to approve the award (unless otherwise designated by the Administrator, the date of grant of an award shall be the date upon which the Administrator took the action approving the award); 
(i) determine whether, and the extent to which, adjustments are required pursuant to Section 7.1 hereof and take any other actions contemplated by Section 7 in connection with the occurrence of an event of the type described in Section 7; 
(j) acquire or settle (subject to Sections 7 and 8.6) rights under awards in cash, stock of equivalent value, or other consideration (subject to the no repricing provision below); and 
(k) determine the fair market value of the Common Shares or awards under this Plan from time to time and/or the manner in which such value will be determined. 
3.3 Prohibition on Repricing. Notwithstanding anything to the contrary in Section 3.2 and except for an adjustment pursuant to Section 7.1 or a repricing approved by shareholders, in no case may the Administrator (1) amend an outstanding stock option or SAR to reduce the exercise price or base price of the award, (2) cancel, exchange, or surrender an outstanding stock option or SAR in exchange for cash or other awards for the purpose of repricing the award, or (3) cancel, exchange, or surrender an outstanding stock option or SAR in exchange for an option or SAR with an exercise or base price that is less than the exercise or base price of the original award. 
3.4 Binding Determinations. Any determination or other action taken by, or inaction of, the Corporation, any Subsidiary, or the Administrator relating or pursuant to this Plan (or any award made under this Plan) and within its authority hereunder or under applicable law shall be within the absolute discretion of that entity or body and shall be conclusive and binding upon all persons. Neither the Board nor any other Administrator, nor any member thereof or person acting at the direction thereof, shall be liable for any act, omission, interpretation, construction or determination made in good faith in connection with this Plan (or any award made under this Plan), and all such persons shall be entitled to indemnification and reimbursement by the Corporation in respect of any claim, loss, damage or expense (including, without limitation, attorneys’ fees) arising or resulting therefrom to the fullest extent permitted by law and/or under any directors and officers liability insurance coverage that may be in effect from time to time. Neither the Board nor any other Administrator, nor any member thereof or person acting at the direction thereof, nor the Corporation or any of its Subsidiaries, shall be liable for any damages of a participant should an option intended as an ISO (as defined below) fail to meet the requirements of the Internal Revenue Code of 1986, as amended (the “Code”), applicable to ISOs, should any other award(s) fail to qualify for any intended tax treatment, should any award grant or other action with respect thereto not satisfy Rule 16b-3 
						
		
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promulgated under the Securities Exchange Act of 1934, as amended, or otherwise for any tax or other liability imposed on a participant with respect to an award. 
3.5 Reliance on Experts. In making any determination or in taking or not taking any action under this Plan, the Administrator may obtain and may rely upon the advice of experts, including employees and professional advisors to the Corporation. No director, officer or agent of the Corporation or any of its Subsidiaries shall be liable for any such action or determination taken or made or omitted in good faith. 
3.6 Delegation. The Administrator may delegate ministerial, non-discretionary functions to individuals who are officers or employees of the Corporation or any of its Subsidiaries or to third parties. 
4. COMMON SHARES SUBJECT TO THE PLAN; SHARE LIMITS 
4.1 Shares Available. Subject to the provisions of Section 7.1, the capital stock that may be delivered under this Plan shall be shares of the Corporation’s authorized but unissued Common Shares and any Common Shares held as treasury shares. For purposes of this Plan, “Common Shares” shall mean either the Class A Voting Common Shares of the Corporation (“Class A Shares”) or the Class B Non-Voting Common Shares of the Corporation (“Class B Shares”), as the context may require. For purposes of clarity, the Common Shares available for issuance under this Plan (for purposes of clarity, including any Common Shares that become available for issuance under this Plan pursuant to Section 4.2) may be either Class A Shares or Class B Shares, as determined by the Administrator in its sole discretion and set forth in the applicable award agreement, provided that in no event may the combined number of Class A Shares and Class B Shares issued under this Plan exceed the Share Limit set forth in Section 4.2. In addition, “Common Shares” as used herein shall also mean such other securities or property as may become the subject of awards under this Plan, or may become subject to such awards, pursuant to an adjustment made under Section 7. 
4.2 Aggregate Share Limit. The maximum number of Common Shares that may be delivered pursuant to awards granted to Eligible Persons under this Plan (the “Share Limit”) is equal to the sum of the following: 
(1) 16,100,000 Common Shares, plus 
(2) the number of Common Shares available for additional award grant purposes under the Corporation’s 2017 Performance Incentive Plan (the “2017 Plan”) as of September 10, 2019, which was the original date of shareholder approval of this Plan (the “Shareholder Approval Date”) and determined immediately prior to the termination of the authority to grant new awards under the 2017 Plan as of the Shareholder Approval Date, plus 
(3) the number of any shares subject to stock options and share appreciation rights granted under the 2017 Plan, the Corporation’s 2012 Performance Incentive Plan, the Starz 2016 Omnibus Incentive Plan, or the Starz 2011 Incentive Plan (Amended and Restated as of October 15, 2013) (collectively, the “Prior Plans”) and outstanding on the Shareholder Approval Date which expire, or for any reason are cancelled or terminated, after the Shareholder Approval Date without being exercised (provided, however, that 2,199,633 of the total number of shares that were subject to stock options and share appreciation rights granted under the Prior Plans that were exchanged and cancelled as part of the Corporation’s exchange program that expired on May 7, 2020 (the “Exchange Program”) shall not be included in the Share Limit pursuant to this clause and shall not be available for award grant purposes under this Plan), plus 
(4) the number of any shares subject to restricted stock and restricted stock unit awards granted under the Prior Plans that are outstanding and unvested on the Shareholder Approval Date that are forfeited, terminated, cancelled or otherwise reacquired by the Corporation after the Shareholder Approval Date without having become vested. 
The Administrator may, in its sole discretion, provide for Common Shares available for issuance under this Plan to be used to settle awards granted under the 2017 Plan prior to the Shareholder Approval Date to the extent such awards become payable after the Shareholder Approval Date if there are not then sufficient shares remaining available for issuance under the 2017 Plan to settle the award, provided that any such Common Shares available for issuance under this Plan and used to settle any such 2017 Plan awards shall be charged against the Share Limit of this Plan. 
4.3 Additional Share Limits. The following limits also apply with respect to awards granted under this Plan. These limits are in addition to, not in lieu of, the aggregate Share Limit in Section 4.2. 
(a) The maximum number of Common Shares that may be delivered pursuant to options qualified as incentive stock options granted under this Plan is 10,000,000 shares. 
						
		
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(b) Awards that are granted under this Plan during any one calendar year to any person who, on the grant date of the award, is a non-employee director are subject to the limits of this Section 4.3(b). The maximum number of Common Shares subject to those awards that are granted under this Plan during any one calendar year to an individual who, on the grant date of the award, is a non-employee director is the number of shares that produce a grant date fair value for the award that, when combined with the grant date fair value of any other awards granted under this Plan during that same calendar year to that individual in his or her capacity as a non-employee director, is $250,000; provided that this limit is $400,000 as to (1) a non-employee director who is serving as the independent Chair of the Board or as a lead independent director at the time the applicable grant is made or (2) any new non-employee director for the calendar year in which the non-employee director is first elected or appointed to the Board; and provided, further, that the limits set forth in this Section 4.3(b) shall not apply to retainer and meeting fees that the non-employee director may elect to receive in the form of either cash or shares. For purposes of this Section 4.3(b), a “non-employee director” is an individual who, on the grant date of the award, is a member of the Board who is not then an officer or employee of the Corporation or one of its Subsidiaries. For purposes of this Section 4.3(b), “grant date fair value” means the value of the award as of the date of grant of the award and as determined using the equity award valuation principles applied in the Corporation’s financial reporting. The limits of this Section 4.3(b) do not apply to, and shall be determined without taking into account, any award granted to an individual who, on the grant date of the award, is an officer or employee of the Corporation or one of its Subsidiaries. The limits of this Section 4.3(b) apply on an individual basis and not on an aggregate basis to all non-employee directors as a group.  
 
4.4 Share-Limit Counting Rules. The Share Limit shall be subject to the following provisions of this Section 4.4: 
(a) Shares that are subject to or underlie awards granted under this Plan which expire or for any reason are cancelled or terminated, are forfeited, fail to vest, or for any other reason are not paid or delivered under this Plan shall not be counted against the Share Limit and shall be available for subsequent awards under this Plan. 
(b) To the extent that Common Shares are delivered pursuant to the exercise of a SAR or stock option granted under this Plan, the number of underlying shares which are actually issued in payment of the award shall be counted against the Share Limit. (For purposes of clarity, if a SAR relates to 100,000 shares and is exercised at a time when the payment due to the participant is 15,000 shares, 15,000 shares shall be counted against the Share Limit with respect to such exercise.) 
(c) Shares that are exchanged by a participant or withheld by the Corporation as full or partial payment in connection with any award granted under this Plan, as well as any shares exchanged by a participant or withheld by the Corporation or one of its Subsidiaries to satisfy the tax withholding obligations related to any award granted under this Plan, shall not be counted against the Share Limit and shall be available for subsequent awards under this Plan. 
(d) In addition, shares that are exchanged by a participant or withheld by the Corporation after the Shareholder Approval Date as full or partial payment in connection with any award granted under the Prior Plans, as well as any shares exchanged by a participant or withheld by the Corporation or one of its Subsidiaries after such date to satisfy the tax withholding obligations related to any award granted under the Prior Plans, shall be available for new awards under this Plan. 
(e) To the extent that an award granted under this Plan is settled in cash or a form other than Common Shares, the shares that would have been delivered had there been no such cash or other settlement shall not be counted against the Share Limit and shall be available for subsequent awards under this Plan. 
(f) In the event that Common Shares are delivered in respect of a dividend equivalent right granted under this Plan, the number of shares delivered with respect to the award shall be counted against the Share Limit. (For purposes of clarity, if 1,000 dividend equivalent rights are granted and outstanding when the Corporation pays a dividend, and 50 shares are delivered in payment of those rights with respect to that dividend, 50 shares shall be counted against the Share Limit). Except as otherwise provided by the Administrator, shares delivered in respect of dividend equivalent rights shall not count against any individual award limit under this Plan other than the aggregate Share Limit. 
(g) The Corporation may not increase the Share Limit by repurchasing Common Shares on the market (by using cash received through the exercise of stock options or otherwise). 
						
		
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Refer to Section 8.10 for application of the share limits of this Plan, including the limits in Sections 4.2 and 4.3, with respect to assumed awards. Each of the numerical limits and references in Sections 4.2 and 4.3, and in this Section 4.4, is subject to adjustment as contemplated by Section 4.3, Section 7 and Section 8.10. 
4.5 No Fractional Shares; Minimum Issue. Unless otherwise expressly provided by the Administrator, no fractional shares shall be delivered under this Plan. The Administrator may pay cash in lieu of any fractional shares in settlements of awards under this Plan. The Administrator may from time to time impose a limit (of not greater than 100 shares) on the minimum number of shares that may be purchased or exercised as to awards (or any particular award) granted under this Plan unless (as to any particular award) the total number purchased or exercised is the total number at the time available for purchase or exercise under the award. 
5. AWARDS 
5.1 Type and Form of Awards. The Administrator shall determine the type or types of award(s) to be made to each selected Eligible Person. Awards may be granted singly, in combination or in tandem. Awards also may be made in combination or in tandem with, in replacement of, as alternatives to, or as the payment form for grants or rights under any other employee or compensation plan of the Corporation or one of its Subsidiaries. The types of awards that may be granted under this Plan are: 
5.1.1    Stock Options. A stock option is the grant of a right to purchase a specified number of Common Shares during a specified period as determined by the Administrator. An option may be intended as an incentive stock option within the meaning of Section 422 of the Code (an “ISO”) or a nonqualified stock option (an option not intended to be an ISO). The agreement evidencing the grant of an option will indicate if the option is intended as an ISO; otherwise it will be deemed to be a nonqualified stock option. The maximum term of each option (ISO or nonqualified) shall be ten (10) years. The per share exercise price for each option shall be not less than 100% of the fair market value of a Common Share on the date of grant of the option. When an option is exercised, the exercise price for the shares to be purchased shall be paid in full in cash or such other method permitted by the Administrator consistent with Section 5.5. 
5.1.2    Additional Rules Applicable to ISOs. To the extent that the aggregate fair market value (determined at the time of grant of the applicable option) of shares with respect to which ISOs first become exercisable by a participant in any calendar year exceeds $100,000, taking into account both Common Shares subject to ISOs under this Plan and shares subject to ISOs under all other plans of the Corporation or one of its Subsidiaries (or any parent or predecessor corporation to the extent required by and within the meaning of Section 422 of the Code and the regulations promulgated thereunder), such options shall be treated as nonqualified stock options. In reducing the number of options treated as ISOs to meet the $100,000 limit, the most recently granted options shall be reduced first. To the extent a reduction of simultaneously granted options is necessary to meet the $100,000 limit, the Administrator may, in the manner and to the extent permitted by law, designate which Common Shares are to be treated as shares acquired pursuant to the exercise of an ISO. ISOs may only be granted to employees of the Corporation or one of its subsidiaries (for this purpose, the term “subsidiary” is used as defined in Section 424(f) of the Code, which generally requires an unbroken chain of ownership of at least 50% of the total combined voting power of all classes of stock of each subsidiary in the chain beginning with the Corporation and ending with the subsidiary in question). No ISO may be granted to any person who, at the time the option is granted, owns (or is deemed to own under Section 424(d) of the Code) outstanding Common Shares possessing more than 10% of the total combined voting power of all classes of stock of the Corporation, unless the exercise price of such option is at least 110% of the fair market value of the stock subject to the option and such option by its terms is not exercisable after the expiration of five years from the date such option is granted. If an otherwise-intended ISO fails to meet the applicable requirements of Section 422 of the Code, the option shall be a nonqualified stock option. 
5.1.3    Share Appreciation Rights. A share appreciation right or “SAR” is a right to receive a payment, in cash and/or Common Shares, equal to the excess of the fair market value of a specified number of Common Shares on the date the SAR is exercised over the “base price” of the award, which base price shall be set forth in the applicable award agreement and shall be not less than 100% of the fair market value of a Common Share on the date of grant of the SAR. The maximum term of a SAR shall be ten (10) years. 
5.1.4    Other Awards; Dividend Equivalent Rights. The other types of awards that may be granted under this Plan include: (a) stock bonuses, restricted stock, performance stock, stock units, phantom stock or similar rights to purchase or acquire shares, whether at a fixed or variable price (or no price) or fixed or variable ratio related to the Common Shares, and any of which may (but need not) be fully vested at grant or vest upon the passage of time, the occurrence of one or more events, the satisfaction of performance criteria or other conditions, or any combination thereof; or (b) cash awards. The types of cash awards that may be granted under this Plan include the 
						
		
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opportunity to receive a payment for the achievement of one or more goals established by the Administrator, on such terms as the Administrator may provide, as well as discretionary cash awards. Dividend equivalent rights may be granted as a separate award or in connection with another award under this Plan; provided, however, that dividend equivalent rights may not be granted as to a stock option or SAR granted under this Plan. In addition, any dividends and/or dividend equivalents as to the portion of an award that is subject to unsatisfied vesting requirements will be subject to termination and forfeiture to the same extent as the corresponding portion of the award to which they relate in the event the applicable vesting requirements are not satisfied. 
5.2 Award Agreements. Each award shall be evidenced by a written or electronic award agreement or notice in a form approved by the Administrator (an “award agreement”), and, in each case and if required by the Administrator, executed or otherwise electronically accepted by the recipient of the award in such form and manner as the Administrator may require. 
5.3 Deferrals and Settlements. Payment of awards may be in the form of cash, Common Shares, other awards or combinations thereof as the Administrator shall determine, and with such restrictions (if any) as it may impose. The Administrator may also require or permit participants to elect to defer the issuance of shares or the settlement of awards in cash under such rules and procedures as it may establish under this Plan. The Administrator may also provide that deferred settlements include the payment or crediting of interest or other earnings on the deferral amounts, or the payment or crediting of dividend equivalents where the deferred amounts are denominated in shares. 
5.4 Consideration for Common Shares or Awards. The purchase price (if any) for any award granted under this Plan or the Common Shares to be delivered pursuant to an award, as applicable, may be paid by means of any lawful consideration as determined by the Administrator, including, without limitation, one or a combination of the following methods: 
• services rendered by the recipient of such award; 
• cash, check payable to the order of the Corporation, or electronic funds transfer; 
• notice and third party payment in such manner as may be authorized by the Administrator; 
• the delivery of previously owned Common Shares; 
• by a reduction in the number of shares otherwise deliverable pursuant to the award; or 
• subject to such procedures as the Administrator may adopt, pursuant to a “cashless exercise” with a third party who provides financing for the purposes of (or who otherwise facilitates) the purchase or exercise of awards. 
In no event shall any shares newly-issued by the Corporation be issued for less than the minimum lawful consideration for such shares or for consideration other than consideration permitted by applicable law. Common Shares used to satisfy the exercise price of an option shall be valued at their fair market value. The Corporation will not be obligated to deliver any shares unless and until it receives full payment of the exercise or purchase price therefor and any related withholding obligations under Section 8.5 and any other conditions to exercise or purchase have been satisfied. Unless otherwise expressly provided in the applicable award agreement, the Administrator may at any time eliminate or limit a participant’s ability to pay any purchase or exercise price of any award or shares by any method other than cash payment to the Corporation. 
5.5 Definition of Fair Market Value. For purposes of this Plan, “fair market value” shall mean, unless otherwise determined or provided by the Administrator in the circumstances, the closing price (in regular trading) of a Common Share as reported on the composite tape for securities listed on the New York Stock Exchange (the “Exchange”) for the date in question or, if no sales of Common Shares were made on the Exchange on that date, the closing price (in regular trading) of a Common Share as reported on said composite tape for the next preceding day on which sales of Common Shares were made on the Exchange. The Administrator may, however, provide with respect to one or more awards that the fair market value shall equal the closing price (in regular trading) of a Common Share as reported on the composite tape for securities listed on the Exchange on the last trading day preceding the date in question or the average of the high and low trading prices of a Common Share as reported on the composite tape for securities listed on the Exchange for the date in question or the most recent trading day. If the Common Shares are no longer listed or are no longer actively traded on the Exchange as of the applicable date, the fair market value of the Common Shares shall be the value as reasonably determined by the Administrator for purposes of the award in the circumstances. The Administrator also may adopt a different methodology for determining fair market value with respect to one or more awards if a different methodology is necessary or advisable to secure any intended favorable tax, legal or other treatment for the particular award(s) (for example, and without limitation, the Administrator may provide that fair market value for purposes of one or 
						
		
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more awards will be based on an average of closing prices (or the average of high and low daily trading prices) for a specified period preceding the relevant date). 
5.6 Transfer Restrictions. 
5.6.1    Limitations on Exercise and Transfer. Unless otherwise expressly provided in (or pursuant to) this Section 5.6 or required by applicable law: (a) all awards are non-transferable and shall not be subject in any manner to sale, transfer, anticipation, alienation, assignment, pledge, encumbrance or charge; (b) awards shall be exercised only by the participant; and (c) amounts payable or shares issuable pursuant to any award shall be delivered only to (or for the account of) the participant. 
5.6.2    Exceptions. The Administrator may permit awards to be exercised by and paid to, or otherwise transferred to, other persons or entities pursuant to such conditions and procedures, including limitations on subsequent transfers, as the Administrator may, in its sole discretion, establish in writing. Any permitted transfer shall be subject to compliance with applicable federal and state securities laws and shall not be for value (other than nominal consideration, settlement of marital property rights, or for interests in an entity in which more than 50% of the voting interests are held by the Eligible Person or by the Eligible Person’s family members). 
5.6.3    Further Exceptions to Limits on Transfer. The exercise and transfer restrictions in Section 5.6.1 shall not apply to: 
(a) transfers to the Corporation (for example, in connection with the expiration or termination of the award), 
(b) the designation of a beneficiary to receive benefits in the event of the participant’s death or, if the participant has died, transfers to or exercise by the participant’s beneficiary, or, in the absence of a validly designated beneficiary, transfers by will or the laws of descent and distribution, 
(c) subject to any applicable limitations on ISOs, transfers to a family member (or former family member) pursuant to a domestic relations order if received by the Administrator, 
(d) if the participant has suffered a disability, permitted transfers or exercises on behalf of the participant by his or her legal representative, or 
(e) the authorization by the Administrator of “cashless exercise” procedures with third parties who provide financing for the purpose of (or who otherwise facilitate) the exercise of awards consistent with applicable laws and any limitations imposed by the Administrator. 
5.7 International Awards. One or more awards may be granted to Eligible Persons who provide services to the Corporation or one of its Subsidiaries outside of the United States. Any awards granted to such persons may be granted pursuant to the terms and conditions of any applicable sub-plans, if any, appended to this Plan and approved by the Administrator from time to time. The awards so granted need not comply with other specific terms of this Plan, provided that shareholder approval of any deviation from the specific terms of this Plan is not required by applicable law or any applicable listing agency. 
6. EFFECT OF TERMINATION OF EMPLOYMENT OR SERVICE ON AWARDS 
6.1 General. The Administrator shall establish the effect (if any) of a termination of employment or service on the rights and benefits under each award under this Plan and in so doing may make distinctions based upon, inter alia, the cause of termination and type of award. If the participant is not an employee of the Corporation or one of its Subsidiaries, is not a member of the Board, and provides other services to the Corporation or one of its Subsidiaries, the Administrator shall be the sole judge for purposes of this Plan (unless a contract or the award otherwise provides) of whether the participant continues to render services to the Corporation or one of its Subsidiaries and the date, if any, upon which such services shall be deemed to have terminated. 
6.2 Events Not Deemed Terminations of Employment. Unless the express policy of the Corporation or one of its Subsidiaries, or the Administrator, otherwise provides, or except as otherwise required by applicable law, the employment relationship shall not be considered terminated in the case of (a) sick leave, (b) military leave, or (c) any other leave of absence authorized by the Corporation or one of its Subsidiaries, or the Administrator; provided that, unless reemployment upon the expiration of such leave is guaranteed by contract or law or the Administrator otherwise provides, such leave is for a period of not more than three months. In the case of any employee of the Corporation or one of its Subsidiaries on an approved leave of absence, continued vesting of the award while on leave from the employ of the Corporation or one of its Subsidiaries may be suspended until the 
						
		
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employee returns to service, unless the Administrator otherwise provides or applicable law otherwise requires. In no event shall an award be exercised after the expiration of any applicable maximum term of the award. 
6.3 Effect of Change of Subsidiary Status. For purposes of this Plan and any award, if an entity ceases to be a Subsidiary of the Corporation a termination of employment or service shall be deemed to have occurred with respect to each Eligible Person in respect of such Subsidiary who does not continue as an Eligible Person in respect of the Corporation or another Subsidiary that continues as such after giving effect to the transaction or other event giving rise to the change in status unless the Subsidiary that is sold, spun-off or otherwise divested (or its successor or a direct or indirect parent of such Subsidiary or successor) assumes the Eligible Person’s award(s) in connection with such transaction. 
7. ADJUSTMENTS; ACCELERATION 
7.1 Adjustments. 
(a) Subject to Section 7.2, upon (or, as may be necessary to effect the adjustment, immediately prior to): any reclassification, recapitalization, stock split (including a stock split in the form of a stock dividend) or reverse stock split; any merger, combination, consolidation, conversion or other reorganization; any spin-off, split-up, or similar extraordinary dividend distribution in respect of the Common Shares; or any exchange of Common Shares or other securities of the Corporation, or any similar, unusual or extraordinary corporate transaction in respect of the Common Shares; then the Administrator shall equitably and proportionately adjust (1) the number and type of Common Shares (or other securities) that thereafter may be made the subject of awards (including the specific share limits, maximums and numbers of shares set forth elsewhere in this Plan), (2) the number, amount and type of Common Shares (or other securities or property) subject to any outstanding awards, (3) the grant, purchase, or exercise price (which term includes the base price of any SAR or similar right) of any outstanding awards, and/or (4) the securities, cash or other property deliverable upon exercise or payment of any outstanding awards, in each case to the extent necessary to preserve (but not increase) the level of incentives intended by this Plan and the then-outstanding awards. 
(b) Without limiting the generality of Section 3.4, any good faith determination by the Administrator as to whether an adjustment is required in the circumstances pursuant to this Section 7.1, and the extent and nature of any such adjustment, shall be conclusive and binding on all persons. 
7.2 Corporate Transactions—Assumption and Termination of Awards. 
(a) Upon any event in which the Corporation does not survive, or does not survive as a public company in respect of its Common Shares (including, without limitation, a dissolution, merger, combination, consolidation, conversion, exchange of securities, or other reorganization, or a sale of all or substantially all of the business, stock or assets of the Corporation, in any case in connection with which the Corporation does not survive or does not survive as a public company in respect of its Common Shares), then the Administrator may make provision for a cash payment in settlement of, or for the termination, assumption, substitution or exchange of any or all outstanding awards or the cash, securities or property deliverable to the holder of any or all outstanding awards, based upon, to the extent relevant under the circumstances, the distribution or consideration payable to holders of the Common Shares upon or in respect of such event. Upon the occurrence of any event described in the preceding sentence in connection with which the Administrator has made provision for the award to be terminated (and the Administrator has not made a provision for the substitution, assumption, exchange or other continuation or settlement of the award): (1) unless otherwise provided in the applicable award agreement, each then-outstanding option and SAR shall become fully vested, all shares of restricted stock then outstanding shall fully vest free of restrictions, and each other award granted under this Plan that is then outstanding shall become payable to the holder of such award (with any performance goals applicable to the award in each case being deemed met, unless otherwise provided in the award agreement, at the “target” performance level); and (2) each award (including any award or portion thereof that, by its terms, does not accelerate and vest in the circumstances) shall terminate upon the related event; provided that the holder of an option or SAR shall be given reasonable advance notice of the impending termination and a reasonable opportunity to exercise his or her outstanding vested options and SARs (after giving effect to any accelerated vesting required in the circumstances) in accordance with their terms before the termination of such awards (except that in no case shall more than ten days’ notice of the impending termination be required and any acceleration of vesting and any exercise of any portion of an award that is so accelerated may be made contingent upon the actual occurrence of the event). 
						
		
	2019 Performance Incentive Plan	8

(b) Without limiting the preceding paragraph, in connection with any event referred to in the preceding paragraph or any change in control event defined in any applicable award agreement, the Administrator may, in its discretion, provide for the accelerated vesting of any award or awards as and to the extent determined by the Administrator in the circumstances. 
(c) For purposes of this Section 7.2, an award shall be deemed to have been “assumed” if (without limiting other circumstances in which an award is assumed) the award continues after an event referred to above in this Section 7.2, and/or is assumed and continued by the surviving entity following such event (including, without limitation, an entity that, as a result of such event, owns the Corporation or all or substantially all of the Corporation’s assets directly or through one or more subsidiaries (a “Parent”)), and confers the right to purchase or receive, as applicable and subject to vesting and the other terms and conditions of the award, for each Common Share subject to the award immediately prior to the event, the consideration (whether cash, shares, or other securities or property) received in the event by the shareholders of the Corporation for each Common Share sold or exchanged in such event (or the consideration received by a majority of the shareholders participating in such event if the shareholders were offered a choice of consideration); provided, however, that if the consideration offered for a Common Share in the event is not solely the ordinary common stock of a successor corporation or a Parent, the Administrator may provide for the consideration to be received upon exercise or payment of the award, for each share subject to the award, to be solely ordinary common stock of the successor corporation or a Parent equal in fair market value to the per share consideration received by the shareholders participating in the event. 
(d) The Administrator may adopt such valuation methodologies for outstanding awards as it deems reasonable in the event of a cash or property settlement and, in the case of options, SARs or similar rights, but without limitation on other methodologies, may base such settlement solely upon the excess if any of the per share amount payable upon or in respect of such event over the exercise or base price of the award. In the case of an option, SAR or similar right as to which the per share amount payable upon or in respect of such event is less than or equal to the exercise or base price of the award, the Administrator may terminate such award in connection with an event referred to in this Section 7.2 without any payment in respect of such award. 
(e) In any of the events referred to in this Section 7.2, the Administrator may take such action contemplated by this Section 7.2 prior to such event (as opposed to on the occurrence of such event) to the extent that the Administrator deems the action necessary to permit the participant to realize the benefits intended to be conveyed with respect to the underlying shares. Without limiting the generality of the foregoing, the Administrator may deem an acceleration and/or termination to occur immediately prior to the applicable event and, in such circumstances, will reinstate the original terms of the award if an event giving rise to an acceleration and/or termination does not occur. 
(f) Without limiting the generality of Section 3.4, any good faith determination by the Administrator pursuant to its authority under this Section 7.2 shall be conclusive and binding on all persons. 
(g) The Administrator may override the provisions of this Section 7.2 by express provision in the award agreement and may accord any Eligible Person a right to refuse any acceleration, whether pursuant to the award agreement or otherwise, in such circumstances as the Administrator may approve. The portion of any ISO accelerated in connection with an event referred to in this Section 7.2 (or such other circumstances as may trigger accelerated vesting of the award) shall remain exercisable as an ISO only to the extent the applicable $100,000 limitation on ISOs is not exceeded. To the extent exceeded, the accelerated portion of the option shall be exercisable as a nonqualified stock option under the Code. 
7.3 Definition of Change in Control. With respect to a particular award granted under this Plan, a “Change in Control” shall be deemed to have occurred as of the first day, after the date of grant of the particular award, that any one or more of the following conditions shall have been satisfied: 
(a) The acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act (a “Person”)) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 30% or more of either (1) the then-outstanding Common Shares of the Corporation (the “Outstanding Corporation Common Shares”) or (2) the combined voting power of the then-outstanding voting securities of the Corporation entitled to vote generally in the election of directors (the “Outstanding Corporation Voting Securities”); provided, however, that, for purposes of this definition, the following acquisitions shall not constitute a Change in Control Event; (A) any acquisition directly from the Corporation, (B) any acquisition by the Corporation, (C) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Corporation or any affiliate of the Corporation or a 
						
		
	2019 Performance Incentive Plan	9

successor, or (D) any acquisition by any entity pursuant to a transaction that complies with Sections (c)(1), (2) and (3) below; 
(b) Individuals who, as of the Effective Date, constitute the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the Effective Date whose election, or nomination for election by the Corporation’s shareholders, was approved by a vote of at least two-thirds of the directors then comprising the Incumbent Board (including for these purposes, the new members whose election or nomination was so approved, without counting the member and his predecessor twice) shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board; 
(c) Consummation of a reorganization, merger, statutory share exchange or consolidation or similar corporate transaction involving the Corporation or any of its Subsidiaries, a sale or other disposition of all or substantially all of the assets of the Corporation, or the acquisition of assets or stock of another entity by the Corporation or any of its Subsidiaries (each, a “Business Combination”), in each case unless, following such Business Combination, (1) all or substantially all of the individuals and entities that were the beneficial owners of the Outstanding Corporation Common Shares and the Outstanding Corporation Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 50% of the then-outstanding shares of common stock and the combined voting power of the then-outstanding voting securities entitled to vote generally in the election of directors, as the case may be, of the entity resulting from such Business Combination (including, without limitation, a Parent, as defined above) in substantially the same proportions as their ownership immediately prior to such Business Combination of the Outstanding Corporation Common Shares and the Outstanding Corporation Voting Securities, as the case may be, (2) no Person (excluding any entity resulting from such Business Combination or a Parent or any employee benefit plan (or related trust) of the Corporation or such entity resulting from such Business Combination or Parent) beneficially owns, directly or indirectly, 30% or more of, respectively, the then-outstanding shares of common stock of the entity resulting from such Business Combination or the combined voting power of the then-outstanding voting securities of such entity, except to the extent that the ownership in excess of 30% existed prior to the Business Combination, and (3) at least a majority of the members of the board of directors or trustees of the entity resulting from such Business Combination or a Parent were members of the Incumbent Board at the time of the execution of the initial agreement or of the action of the Board providing for such Business Combination; or 
(d) Approval by the shareholders of the Corporation of a complete liquidation or dissolution of the Corporation other than in the context of a transaction that does not constitute a Change in Control Event under clause (c) above. 
8. OTHER PROVISIONS 
8.1 Compliance with Laws. This Plan, the granting and vesting of awards under this Plan, the offer, issuance and delivery of Common Shares, and/or the payment of money under this Plan or under awards are subject to compliance with all applicable federal, state, local and foreign laws, rules and regulations (including but not limited to state and federal securities law and federal margin requirements) and to such approvals by any listing, regulatory or governmental authority as may, in the opinion of counsel for the Corporation, be necessary or advisable in connection therewith. The person acquiring any securities under this Plan will, if requested by the Corporation or one of its Subsidiaries, provide such assurances and representations to the Corporation or one of its Subsidiaries as the Administrator may deem necessary or desirable to assure compliance with all applicable legal and accounting requirements. 
8.2 No Rights to Award. No person shall have any claim or rights to be granted an award (or additional awards, as the case may be) under this Plan, subject to any express contractual rights (set forth in a document other than this Plan) to the contrary. 
8.3 No Employment/Service Contract. Nothing contained in this Plan (or in any other documents under this Plan or in any award) shall confer upon any Eligible Person or other participant any right to continue in the employ or other service of the Corporation or one of its Subsidiaries, constitute any contract or agreement of employment or other service or affect an employee’s status as an employee at will, nor shall interfere in any way with the right of the Corporation or one of its Subsidiaries to change a person’s compensation or other benefits, or to terminate his or her employment or other service, with or without cause. Nothing in this Section 8.3, however, is intended to 
						
		
	2019 Performance Incentive Plan	10

adversely affect any express independent right of such person under a separate employment or service contract other than an award agreement. 
8.4 Plan Not Funded. Awards payable under this Plan shall be payable in shares or from the general assets of the Corporation, and no special or separate reserve, fund or deposit shall be made to assure payment of such awards. No participant, beneficiary or other person shall have any right, title or interest in any fund or in any specific asset (including Common Shares, except as expressly otherwise provided) of the Corporation or one of its Subsidiaries by reason of any award hereunder. Neither the provisions of this Plan (or of any related documents), nor the creation or adoption of this Plan, nor any action taken pursuant to the provisions of this Plan shall create, or be construed to create, a trust of any kind or a fiduciary relationship between the Corporation or one of its Subsidiaries and any participant, beneficiary or other person. To the extent that a participant, beneficiary or other person acquires a right to receive payment pursuant to any award hereunder, such right shall be no greater than the right of any unsecured general creditor of the Corporation. 
8.5 Tax Withholding. Upon any exercise, vesting, or payment of any award, or upon the disposition of Common Shares acquired pursuant to the exercise of an ISO prior to satisfaction of the holding period requirements of Section 422 of the Code, or upon any other tax withholding event with respect to any award, arrangements satisfactory to the Corporation shall be made to provide for any taxes the Corporation or any of its Subsidiaries may be required or permitted to withhold with respect to such award event or payment. Such arrangements may include (but are not limited to) any one of (or a combination of) the following: 
(a) The Corporation or one of its Subsidiaries shall have the right to require the participant (or the participant’s personal representative or beneficiary, as the case may be) to pay or provide for payment of the amount of any taxes which the Corporation or one of its Subsidiaries may be required or permitted to withhold with respect to such award event or payment. 
(b) The Corporation or one of its Subsidiaries shall have the right to deduct from any amount otherwise payable in cash (whether related to the award or otherwise) to the participant (or the participant’s personal representative or beneficiary, as the case may be) the amount of any taxes which the Corporation or one of its Subsidiaries may be required or permitted to withhold with respect to such award event or payment. 
(c) In any case where a tax is required to be withheld in connection with the delivery of Common Shares under this Plan, the Administrator may in its sole discretion (subject to Section 8.1) require or grant (either at the time of the award or thereafter) to the participant the right to elect, pursuant to such rules and subject to such conditions as the Administrator may establish, that the Corporation reduce the number of shares to be delivered by (or otherwise reacquire) the appropriate number of shares, valued in a consistent manner at their fair market value or at the sales price in accordance with authorized procedures for cashless exercises, necessary to satisfy the applicable withholding obligation on exercise, vesting or payment. 
8.6 Effective Date, Termination and Suspension, Amendments. 
8.6.1    Effective Date. This Plan is effective as of July 17, 2019, the date of its approval by the Board (the “Effective Date”). This amended version of the Plan is effective as of July 21, 2020, the date the amended version of this Plan was approved by the Board (the “Amendment Date”). This Plan shall be submitted for and subject to shareholder approval no later than twelve months after the Amendment Date. Unless earlier terminated by the Board and subject to any extension that may be approved by shareholders, this Plan shall terminate at the close of business on the day before the tenth anniversary of the Effective Date. After the termination of this Plan either upon such stated termination date or its earlier termination by the Board, no additional awards may be granted under this Plan, but previously granted awards (and the authority of the Administrator with respect thereto, including the authority to amend such awards) shall remain outstanding in accordance with their applicable terms and conditions and the terms and conditions of this Plan. 
8.6.2    Board Authorization. The Board may, at any time, terminate or, from time to time, amend, modify or suspend this Plan, in whole or in part. No awards may be granted during any period that the Board suspends this Plan. 
8.6.3    Shareholder Approval. To the extent then required by applicable law or deemed necessary or advisable by the Board, any amendment to this Plan shall be subject to shareholder approval. 
8.6.4    Amendments to Awards. Without limiting any other express authority of the Administrator under (but subject to) the express limits of this Plan, the Administrator by agreement or resolution may waive conditions of or limitations on awards to participants that the Administrator in the prior exercise of its discretion has imposed, without the consent of a participant, and (subject to the requirements of Sections 3.2 and 8.6.5) may make other 
						
		
	2019 Performance Incentive Plan	11

changes to the terms and conditions of awards. Any amendment or other action that would constitute a repricing of an award is subject to the no-repricing provision of Section 3.3. 
8.6.5    Limitations on Amendments to Plan and Awards. No amendment, suspension or termination of this Plan or amendment of any outstanding award agreement shall, without written consent of the participant, affect in any manner materially adverse to the participant any rights or benefits of the participant or obligations of the Corporation under any award granted under this Plan prior to the effective date of such change. Changes, settlements and other actions contemplated by Section 7 shall not be deemed to constitute changes or amendments for purposes of this Section 8.6. 
8.7 Privileges of Share Ownership. Except as otherwise expressly authorized by the Administrator, a participant shall not be entitled to any privilege of share ownership as to any Common Shares not actually delivered to and held of record by the participant. Except as expressly required by Section 7.1 or otherwise expressly provided by the Administrator, no adjustment will be made for dividends or other rights as a shareholder for which a record date is prior to such date of delivery. 
8.8 Governing Law; Severability. 
8.8.1    Choice of Law. This Plan, the awards, all documents evidencing awards and all other related documents shall be governed by, and construed in accordance with the laws of the State of California, except to the extent that the laws of British Columbia are applicable as the jurisdiction of incorporation of the Corporation, in each case notwithstanding any conflict of law provision of such jurisdiction to the contrary. 
8.8.2    Severability. If a court of competent jurisdiction holds any provision invalid and unenforceable, the remaining provisions of this Plan shall continue in effect. 
8.9 Captions. Captions and headings are given to the sections and subsections of this Plan solely as a convenience to facilitate reference. Such headings shall not be deemed in any way material or relevant to the construction or interpretation of this Plan or any provision thereof.  
 
8.10 Stock-Based Awards in Substitution for Stock Options or Awards Granted by Other Corporation. Awards may be granted to Eligible Persons in substitution for or in connection with an assumption of employee stock options, SARs, restricted stock or other stock-based awards granted by other entities to persons who are or who will become Eligible Persons in respect of the Corporation or one of its Subsidiaries, in connection with a distribution, merger or other reorganization by or with the granting entity or an affiliated entity, or the acquisition by the Corporation or one of its Subsidiaries, directly or indirectly, of all or a substantial part of the stock or assets of the employing entity. The awards so granted need not comply with other specific terms of this Plan, provided the awards reflect adjustments giving effect to the assumption or substitution consistent with any conversion applicable to the Common Shares (or the securities otherwise subject to the award) in the transaction and any change in the issuer of the security. Any shares that are delivered and any awards that are granted by, or become obligations of, the Corporation, as a result of the assumption by the Corporation of, or in substitution for, outstanding awards previously granted or assumed by an acquired company (or previously granted or assumed by a predecessor employer (or direct or indirect parent thereof) in the case of persons that become employed by the Corporation or one of its Subsidiaries in connection with a business or asset acquisition or similar transaction) shall not be counted against the Share Limit or other limits on the number of shares available for issuance under this Plan. 
8.11 Non-Exclusivity of Plan. Nothing in this Plan shall limit or be deemed to limit the authority of the Board or the Administrator to grant awards or authorize any other compensation, with or without reference to the Common Shares, under any other plan or authority. 
8.12 No Corporate Action Restriction. The existence of this Plan, the award agreements and the awards granted hereunder shall not limit, affect, or restrict in any way the right or power of the Corporation or any Subsidiary (or any of their respective shareholders, boards of directors or committees thereof (or any subcommittees), as the case may be) to make or authorize: (a) any adjustment, recapitalization, reorganization or other change in the capital structure or business of the Corporation or any Subsidiary, (b) any merger, amalgamation, consolidation or change in the ownership of the Corporation or any Subsidiary, (c) any issue of bonds, debentures, capital, preferred or prior preference stock ahead of or affecting the capital stock (or the rights thereof) of the Corporation or any Subsidiary, (d) any dissolution or liquidation of the Corporation or any Subsidiary, (e) any sale or transfer of all or any part of the assets or business of the Corporation or any Subsidiary, (f) any other award, grant, or payment of incentives or other compensation under any other plan or authority (or any other action with respect to any benefit, incentive or compensation), or (g) any other corporate act or proceeding by the Corporation or any Subsidiary. No participant, beneficiary or any other person shall have any claim under any 
						
		
	2019 Performance Incentive Plan	12

award or award agreement against any member of the Board or the Administrator, or the Corporation or any employees, officers or agents of the Corporation or any Subsidiary, as a result of any such action. Awards need not be structured so as to be deductible for tax purposes. 
8.13 Other Company Benefit and Compensation Programs. Payments and other benefits received by a participant under an award made pursuant to this Plan shall not be deemed a part of a participant’s compensation for purposes of the determination of benefits under any other employee welfare or benefit plans or arrangements, if any, provided by the Corporation or any Subsidiary, except where the Administrator expressly otherwise provides or authorizes in writing. Awards under this Plan may be made in addition to, in combination with, as alternatives to or in payment of grants, awards or commitments under any other plans, arrangements or authority of the Corporation or its Subsidiaries. 
8.14 Clawback Policy. The awards granted under this Plan are subject to the terms of the Corporation’s recoupment, clawback or similar policy as it may be in effect from time to time, as well as any similar provisions of applicable law, any of which could in certain circumstances require repayment or forfeiture of awards or any Common Shares or other cash or property received with respect to the awards (including any value received from a disposition of the shares acquired upon payment of the awards). 

						
		
	2019 Performance Incentive Plan	13Exhibit 4.1

 

Sixth Supplemental Indenture

 

Sixth Supplemental Indenture (this “Sixth
Supplemental Indenture”), dated as of September 15, 2020, between Fidelity National Financial, Inc. (formerly
known as Fidelity National Title Group, Inc.), a Delaware corporation (the “Company”), and The Bank of
New York Mellon Trust Company, N.A. (formerly known as The Bank of New York Trust Company, N.A.), a national banking association
(the “Trustee”).

 

WHEREAS, the Company and the Trustee entered
into an Indenture (the “Original Indenture”), dated as of December 8, 2005, pursuant to which the Company
may issue Securities from time to time;

 

WHEREAS, the Company and the Trustee entered
into a First Supplemental Indenture (the “First Supplemental Indenture”), dated as of January 6, 2006,
a Second Supplemental Indenture (the “Second Supplemental Indenture”), dated as of May 5, 2010, a Third
Supplemental Indenture (the “Third Supplemental Indenture”), dated as of June 30, 2014, a Fourth Supplemental
Indenture (the “Fourth Supplemental Indenture”), dated as of August 13, 2018, and a Fifth Supplemental
Indenture (the “Fifth Supplemental Indenture”), dated as of June 12, 2020 (the Original Indenture, as amended
by the First Supplemental Indenture, the Second Supplemental Indenture and this Sixth Supplemental Indenture, the “Indenture”);

 

WHEREAS, on November 9, 2006, the Company
changed its corporate name from “Fidelity National Title Group, Inc.” to “Fidelity National Financial, Inc.”;

 

WHEREAS, the Company has determined to issue,
offer and sell a newly established series of Securities to be designated as the 2.450% Senior Notes due 2031 (the “Notes”)
and desires to establish the matters set forth in Section 3.1 of the Indenture with respect to such series in this Sixth Supplemental
Indenture pursuant to Section 8.1(7) of the Original Indenture;

 

WHEREAS, the Company desires to make certain
additional amendments to the provisions of the Indenture pursuant to Section 8.1(5) thereof, which amendments shall only
apply to the Notes;

 

WHEREAS, the Original Indenture provides
that the Company, when authorized by or pursuant to a Board Resolution and the Trustee, may enter into indentures supplemental
to the Original Indenture without the consent of any Holders to establish the form or terms of Securities of any series as permitted
by Sections 2.1 and 3.1 and to amend or supplement any provision contained in the Indenture, provided that such amendment or supplement
does not apply to any Outstanding Security issued prior to the date of such supplemental indenture and entitled to the benefits
of such provision; and

 

WHEREAS, all things necessary to make the
Notes, when executed by the Company and authenticated and delivered by the Trustee, issued upon the terms and subject to the conditions
set forth herein and in the Indenture and delivered as provided in the Indenture against payment therefor, valid, binding and legal
obligations of the Company according to their terms, and all actions required to be taken by the Company under the Indenture to
make this Sixth Supplemental Indenture a valid, binding and legal agreement of the Company, have been done.

 

NOW, THEREFORE, for and in consideration
of the premises, it is mutually covenanted and agreed as follows:

 

    

     

    

 

ARTICLE I

 

DEFINITIONS

 

Section 1.01
Definitions.

 

(a)            All
capitalized terms used herein and not otherwise defined below shall have the meanings ascribed thereto in the Indenture. Unless
the context otherwise requires all Section references herein refer to Sections in the Original Indenture, as heretofore amended
and supplemented by the First Supplemental Indenture and the Second Supplemental Indenture and as further amended and supplemented
by this Sixth Supplemental Indenture.

 

(b)            For
purposes hereof and of the Notes, the following definitions shall be inserted in Section 1.1 of the Indenture:

 

“Comparable Treasury Issue”
means the United States Treasury security selected by an Independent Investment Banker as having a maturity comparable to the remaining
term of the Notes and that would be utilized, at the time of selection and in accordance with customary financial practice, in
pricing new issues of corporate debt securities of comparable maturity to the remaining term of the Notes.

 

“Comparable Treasury Price”
of a Comparable Treasury Issue means, with respect to any Redemption Date: (x) the average of the Reference Treasury Dealer
Quotations for such Redemption Date, after excluding the highest and lowest of the Reference Treasury Dealer Quotations; or (y) if
the Company obtains fewer than four (4) Reference Treasury Dealer Quotations, the arithmetic average of all Reference Treasury
Dealer Quotations so obtained; or (z) if the Company obtains only one Reference Treasury Dealer Quotation, such Reference
Treasury Dealer Quotation.

 

“Independent Investment Banker”
means one of the Reference Treasury Dealers, or its successor, selected by the Company.

 

“Reference Treasury Dealers”
means each of (i) BofA Securities, Inc. and J.P. Morgan Securities LLC (or their respective successors); and (ii) any
other primary U.S. government securities dealer in New York City (a “Primary Treasury Dealer”) selected by the
Company. If any of the foregoing ceases to be a Primary Treasury Dealer, the Company shall substitute another Primary Treasury
Dealer in its place.

 

“Reference Treasury Dealer Quotations”
means, with respect to each Reference Treasury Dealer and any Redemption Date for the Notes, the average, as determined by the
Company (or the Independent Investment Banker), of the bid and asked prices for the Comparable Treasury Issue for the Notes, expressed
in each case as a percentage of its principal amount, quoted in writing to the Company by such Reference Treasury Dealer at 5:00
p.m., New York City time, on the third (3rd) Business Day preceding such Redemption Date.

 

“Treasury Yield” means,
with respect to any Redemption Date applicable to the Notes, the rate per annum equal to the semiannual equivalent yield to maturity,
computed as of the third (3rd) Business Day immediately preceding such Redemption Date, of the Comparable Treasury Issue, assuming
a price for the Comparable Treasury Issue, expressed as a percentage of its principal amount, equal to the applicable Comparable
Treasury Price for such Redemption Date.

 

    2

     

    

 

ARTICLE II

  

ESTABLISHMENT, FORM AND TERM OF
NOTES

 

Section 2.01
Establishment of the Notes. In accordance with Section 3.1 of the Indenture, the Company hereby establishes
the Notes as a new series of its Securities pursuant to the Indenture. The Notes shall be issued initially in an aggregate principal
amount of $600,000,000.

 

Section 2.02
Terms and Conditions of the Notes. In accordance with Section 3.1 of the Indenture, the Notes are established
with the following terms (among others provided herein).

 

(a)            Title
of the Notes; CUSIP Number. The title of the Securities of the series is “2.450% Senior Notes due 2031.” The Notes
shall initially have the following CUSIP number: 31620RAK1.

 

(b)            Aggregate
Principal Amount of Notes. The limit upon the aggregate principal amount of the Notes which may be authenticated and delivered
under the Indenture (except for Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu
of other Notes pursuant to Sections 3.4, 3.5, 3.6, 8.6 or 10.7 of the Indenture or Appendix A to this Sixth Supplemental Indenture,
and except as provided in the last sentence of Section 3.1(c) of the Indenture) is six hundred million Dollars ($600,000,000).
The limit upon the aggregate principal amount of the Notes may be increased by the Company without the consent of the holders of
any outstanding Notes.

 

(c)            Maturity
Date of Notes. The date on which the principal of the Notes is payable, unless the Notes are theretofore accelerated or redeemed
pursuant to the Indenture, shall be March 15, 2031.

 

(d)            Interest
Rate. The rate at which the Notes shall bear interest shall be 2.450% per annum. Interest shall be computed on the basis of
a 360-day year of twelve 30-day months and shall be payable semi-annually in arrears in accordance herewith and with the Indenture.

 

(e)            Additional
Amounts. No Additional Amounts shall be payable on or in respect of the Notes.

 

(f)             Interest
Payment Dates. Interest on the Notes shall accrue on the principal amount from, and including, the most recent date to which
interest has been paid or provided for (or, if there is no existing default in the payment of interest and if the Note is authenticated
between a Regular Record Date and the next Interest Payment Date, from such Interest Payment Date) or, if no interest has been
paid, from, and including, the issue date of the Notes, in each case to, but excluding, the next Interest Payment Date. The Interest
Payment Dates of the Notes shall be March 15 and September 15 of each year. The initial Interest Payment Date shall be
March 15, 2021. The Regular Record Date corresponding to any Interest Payment Date occurring on March 15 shall be the
immediately preceding March 1, and the Regular Record Date corresponding to any Interest Payment Date occurring on September 15
shall be the immediately preceding September 1. Interest payable on the Notes on an Interest Payment Date shall be payable
to the persons in whose name the Notes are registered at the close of business on the Regular Record Date for such Interest Payment
Date, except that interest payable on March 15, 2031 shall be payable to the persons to whom principal is payable on such
date; provided, however, that Defaulted Interest shall be payable as provided in the Indenture.

 

(g)            Place
of Payment. The Place of Payment where the principal of and interest on the Notes shall be payable is at the agency of the
Trustee maintained for that purpose at the office of The Bank of New York Mellon Trust Company, N.A., 10161 Centurion Parkway North,
Jacksonville, Florida, 32256; provided, however, that payment of interest, other than on March 15, 2031, may be made at the
option of the Company by check mailed to the address of the person entitled thereto as such address shall appear in the Register;
and provided further that the Depository, or its nominee, as holder of Notes in global form, shall be entitled to receive payments
of interest and principal by wire transfer of immediately available funds.

 

    3

     

    

 

(h)            Redemption.
The Notes shall be subject to redemption by the Company in whole or in part in the manner described herein. There shall be no obligation
of the Company to redeem or purchase the Notes pursuant to any sinking fund or analogous provisions, or to repay any of the Notes
prior to March 15, 2031 at the option of a Holder thereof. Article 11 of the Indenture shall not apply to the Notes.

 

(i)             Registration
and Form. The Notes shall be issued in fully registered form as Registered Securities without interest coupons (and shall in
no event be issuable in the form of Bearer Securities) in denominations of two thousand Dollars ($2,000) or any amount in excess
thereof which is an integral multiple of one thousand Dollars ($1,000). The Notes shall initially be issued in global form in the
form attached hereto as Exhibit A. The Notes shall be denominated, and all payments thereon shall be made, in Dollars.
The Depository Trust Company shall be the initial Depository for the Notes. The Notes shall be transferred only in accordance with
the provisions of Annex A of this Sixth Supplemental Indenture and the Indenture.

 

(j)             Registrar
and Paying Agent. The Company appoints the Trustee as Registrar and Paying Agent in connection with the Notes.

 

ARTICLE III

 

REDEMPTION

 

Section 3.01
Redemption. (a) Prior to December 15, 2030, the Notes shall be redeemable, at the option of the Company,
at any time in whole, or from time to time in part, at a Redemption Price, payable in cash, equal to the greater of: (x) 100%
of the principal amount of the Notes to be redeemed; and (y) the sum of the present values of the remaining (as of the Redemption
Date) scheduled interest and principal payments on the Notes (or portions thereof) to be redeemed (excluding interest accrued to
such Redemption Date), discounted to such Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day
months) at the applicable Treasury Yield plus 30 basis points, in each case plus unpaid interest that has accrued to, but excluding,
such Redemption Date and (b) on or after December 15, 2030, the Notes shall be redeemable, at the option of the Company,
at any time in whole, or from time to time in part, at a Redemption Price, payable in cash, equal to 100% of the principal amount
of the Notes to be redeemed, plus unpaid interest that has accrued to, but excluding the Redemption Date. The Trustee shall not
be responsible for calculating the Redemption Price. If such Redemption Date is after a Regular Record Date for the Notes and on
or before the related Interest Payment Date, then the payment of interest becoming due on such Interest Payment Date shall be payable,
on such Interest Payment Date, to the Holder of record at the close of business on such Regular Record Date, and the Redemption
Price shall not include unpaid interest that has accrued to, but excluding, such Redemption Date. The Notes shall not be redeemable
by the Company except as provided in the preceding sentences. The Notes shall not be redeemable at the election of any Holder,
except to the extent that the principal of, and interest on, the Notes may be accelerated in accordance with Article 5 of
the Indenture.

 

Section 3.02
Applicability of Article X. Article 10 of the Indenture shall apply to the Notes and shall be amended as
provided below with respect to the Notes:

 

(a)            The
phrase “at least 60 days prior to the Redemption Date” in Section 10.2 of the Indenture shall be replaced with
the phrase “at least 30 days prior to the Redemption Date.”

 

(b)            The
phrase “equal to the minimum authorized denomination for Securities of that series or any integral multiple thereof”
in Section 10.3 of the Indenture shall be replaced with the phrase “equal to any authorized denomination for Securities
of that series.”

 

    4

     

    

 

(c)            The
phrase “in such manner as the Trustee shall deem fair and appropriate” in Section 10.3 of the Indenture shall
be replaced with the phrase “in accordance with the procedures of DTC.”

 

(d)            The
first paragraph of Section 10.4 of the Indenture is deleted in its entirety and replaced with the following paragraph:

 

“Notice of Redemption. Notice of redemption
shall be given in the manner provided in Section 1.6 of the Indenture not less than 15 days nor more than 60 days prior to
the Redemption Date to the Holders of the Securities to be redeemed (except that such notice of redemption may be given more than
60 days prior to the Redemption Date if the notice is issued in connection with a satisfaction, discharge and/or defeasance pursuant
to Article 4 of the Indenture).”

 

(e)            The
following sentence shall be added to the end of Section 10.4 of the Indenture:

 

“Any redemption and notice thereof pursuant
to this Indenture may, in the Company’s discretion, be subject to the satisfaction of one or more conditions and, at the
Company’s discretion, the Redemption Date may be delayed until such time as any or all such conditions shall be satisfied
(or waived by the Company in its sole discretion) or the Redemption Date may not occur at all and such notice may be rescinded
if all such conditions shall not have been satisfied (or waived by the Company in its sole discretion).”

 

(f)            The
phrase “the Redemption Price” in Section 10.4(2) of the Indenture shall be replaced with the phrase “the
Redemption Price and the aggregate principal amount to be redeemed pursuant to such redemption.”

 

(g)            The
clause “, and (unless the Redemption Date shall be an Interest Payment Date) interest accrued to the Redemption Date on,”
in Section 10.5 of the Indenture shall be deleted.

 

(h)            The
text of the first paragraph of Section 10.6 of the Indenture shall be amended to read as follows:

 

“Notice of redemption having been given as aforesaid,
the Securities so to be redeemed shall, on the applicable Redemption Date, become due and payable at the Redemption Price therein
specified (subject to the Company’s obligation, if applicable, to pay, on the Interest Payment Date that occurs on, or immediately
following, such Redemption Date, unpaid interest on such Securities that has accrued to, but excluding, such Interest Payment Date),
and from and after such Redemption Date (unless the Company shall default in the payment of the Redemption Price or, if applicable,
such interest) such Securities shall cease to be Outstanding or to bear interest. Upon surrender of any such Security for redemption
in accordance with said notice, such Security shall be paid by the Company at the Redemption Price; provided, however,
that, unless otherwise specified as contemplated by Section 3.1, installments of interest on Registered Securities whose Stated
Maturity is on or prior to the Redemption Date shall, without duplication, be payable to the Holders of such Securities, or one
or more Predecessor Securities, registered as such at the close of business on the relevant record date according to their terms
and this Indenture.”

 

    5

     

    

 

ARTICLE IV

 

COVENANTS

 

The covenants contained in Section 4
of the Indenture shall apply to the Notes as modified by the amendment listed below.

 

Section 4.01
With respect to the Notes, the following paragraph shall be inserted at the end of Section 9.6 of the Indenture:

 

“For avoidance of doubt, in no event shall the
Company be required to deliver to, or file with, the Trustee any material for which the Company is seeking, or has received, confidential
treatment from the Commission. For purposes of this Section 9.6, each document or other report of the Company that is filed
with the Commission pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934, as amended,
shall be deemed to be delivered to, and filed with, the Trustee (and, if applicable, the Holders) if such document or report is
so filed through the Commission’s EDGAR or IDEA database (or any successor thereto).”

 

ARTICLE V

 

SATISFACTION, DISCHARGE AND DEFEASANCE

 

Section 5.01
Article 4 of the Indenture shall apply to the Notes. For purposes of the Notes, each occurrence of the phrase “Sections
7.1, 9.4 (other than the Company’s obligation to maintain its corporate existence), 9.8 and 9.10” in Section 4.5
of the Indenture shall be replaced with the phrase “Sections 7.1, 9.4 (other than the Company’s obligation to maintain
its corporate existence), 9.5, 9.6, 9.8, 9.9 and 9.10”.

 

Section 5.02
For purposes of the Notes, amounts deposited pursuant to Section 4.1 of the Indenture may, notwithstanding anything
to the contrary in the Indenture, consist of cash, Government Obligations or a combination of cash and Government Obligations,
in each case on the same basis on which the Company is permitted, pursuant to Section 4.6(a) of the Indenture, to deposit
cash, Government Obligations or a combination of cash and Government Obligations to effect a defeasance or covenant defeasance.

 

ARTICLE VI

 

AMENDMENTS

 

Section 6.01
For purposes of the Notes, the following sentence shall be inserted at the end of the first paragraph of Section 1.6
of the Indenture: “For avoidance of doubt, notice to any Holder(s) of any Security that is issued in global form and
registered in the name of a Depository or a nominee thereof shall be sufficient in all respects if given in compliance with the
rules, policies, procedures, practices or instructions of such Depository.”

 

Section 6.02
For purposes of the Notes, for avoidance of doubt, (i) the phrase “accrued interest” in Section 5.2
of the Indenture refers to accrued and unpaid interest; and (ii) the phrase “interest upon installments of interest”
in Section 5.2(1) of the Indenture refers to interest upon overdue installments of interest.

 

Section 6.03
For purposes of the Notes, the phrase “a Default in payment on the Securities of any series” in Section 6.6
of the Indenture shall be replaced with the phrase “a Default with respect to Securities of any series (other than a Default
in payment on Securities of such series)”.

 

    6

     

    

 

Section 6.04
For purposes of the Notes, the phrase “a corporation” in Section 7.1(1) of the Indenture shall be
replaced with the phrase “an entity” and the following sentence shall be inserted at the end of Section 7.1 of
the Indenture: “For the avoidance of doubt, this Article 7 shall not apply to a mere assignment for security purposes
or pledge of assets.”

 

Section 6.05
Section 2.4 of the Indenture shall not apply to the Notes. The provisions governing the legends to be applied to Notes
are set forth in Appendix A hereto.

 

Section 6.06
The sixth paragraph of Section 3.5 of the Indenture shall not apply to the Notes.

 

ARTICLE VII

 

MISCELLANEOUS

 

Section 7.01
The Indenture, as amended hereby, is in all respects ratified and confirmed, and the terms and conditions thereof, as amended
hereby, shall be and remain in full force and effect. The amendments to the Indenture set forth in this Sixth Supplemental Indenture
shall apply only with respect to the Notes.

 

Section 7.02
The recitals contained in this Sixth Supplemental Indenture shall be taken as the statements of the Company, and the Trustee
shall have no liability or responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency
of this Sixth Supplemental Indenture.

 

Section 7.03
THIS SIXTH SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK
WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION
WOULD BE REQUIRED THEREBY.

 

Section 7.04
This Sixth Supplemental Indenture may be signed by manual or electronic signature in any number of counterparts, each of
which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. The Trustee
may authenticate, and the Company may execute, the Notes by manual or electronic signature.

 

Section 7.05
Capitalized terms used but not otherwise defined herein have the meanings assigned to them in the Indenture.

 

[The Remainder of This Page Intentionally
Left Blank; Signature Page Follows]

 

    7

     

    

 

IN WITNESS WHEREOF, the parties hereto have caused this Sixth
Supplemental Indenture to be duly executed as of the date first written above.

 

	FIDELITY NATIONAL FINANCIAL, INC.	 	 
	 	 	 	 
	By:	/s/ Michael L. Gravelle	 	 
	 	Name:   	Michael L. Gravelle	 	 
	 	Title:	Executive Vice President, General Counsel and Corporate Secretary	 	 
	 	 	 	 
	 	 	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee
	 	 	 	 
	 	 	By:	/s/
Lawrence M. Kusch
	 	 	Name:	Lawrence M.
Kusch
	 	 	Title: 	Vice President

 

    8

     

    

 

APPENDIX A

 

PROVISIONS RELATING TO THE NOTES

 

1.            Definitions.

 

For the purposes of this Appendix A the following
terms shall have the meanings indicated below:

 

“Business Day” means each
Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in New York City or the Corporate
Trust Office are authorized or obligated by law or executive order to close.

 

“Depository” means The
Depository Trust Company, its nominees and their respective successors.

 

“Global Notes Legend” means
the legend set forth in Section 2.2(c) hereof.

 

Unless the context otherwise requires, any
reference in this Appendix A to a section refers to a section of this Appendix A.

 

2.            The
Notes.

 

2.1           Form and
Dating; Global Notes.

 

(a)           The
Notes may be transferred in accordance herewith.

 

(i)            Global
Notes. The Notes are issuable in definitive, fully registered book-entry form as a global security (the “Global Notes”).
The Global Notes shall bear the Global Note Legend. The Global Notes initially shall (i) be registered in the name of the
Depository or the nominee of such Depository, in each case for credit to an account of an Agent Member (as defined herein) and
(ii) be delivered to the Trustee as custodian for such Depository. The aggregate principal amount of each Global Note (as
defined below) may from time to time be increased or decreased by adjustments made on the records of the Trustee and the Depository
or its nominee, as the case may be, in connection with transfers and exchanges of interests therein as herein provided.

 

(ii)            Members
of, or direct or indirect participants in, the Depository (“Agent Members”) shall have no rights under the Indenture
with respect to any Global Note held on their behalf by the Depository, or the Trustee as its custodian, or under the Global Notes.
The Depository may be treated by the Company, the Trustee and any agent of the Company or the Trustee as the absolute owner of
the Global Notes for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Company, the Trustee
or any agent of the Company or the Trustee from giving effect to any written certification, proxy or other authorization furnished
by the Depository, or impair, as between the Depository and its Agent Members, the operation of customary practices governing the
exercise of the rights of a Holder of any Note.

 

(iii)           Transfers
of Global Notes shall be limited to transfer in whole, but not in part, to the Depository, its successors or their respective nominees.

 

(iv)          The
Holder of any Global Note may grant proxies and otherwise authorize any Person, including Agent Members and Persons that may hold
interests through Agent Members, to take any action which a Holder is entitled to take under the Indenture or the Notes.

 

    Appendix A-1

     

    

 

2.2            Transfer
and Exchange.

 

(a)            Transfer
and Exchange of Global Notes. A Global Note may not be transferred as a whole except as set forth in Section 2.1(b).
Global Notes also may be transferred, exchanged or replaced, in whole or in part, as provided in Section 3.6 of the
Indenture. Beneficial interests in a Global Note may be transferred and exchanged as provided in Section 2.2(b) and
2.2(c).

 

(b)            Transfer
and Exchange of Beneficial Interests in Global Notes. The transfer and exchange of beneficial interests in the Global Notes
shall be effected through the Depository, in accordance with the provisions of the Indenture and the applicable rules and
procedures of the Depository. Beneficial interests in Global Notes shall be transferred or exchanged only for beneficial interests
in Global Notes except in the circumstances described in the seventh paragraph of Section 3.5 of the Indenture, provided
that for purposes of the Notes, the words “and the Depositary requests the issuance of definitive notes in certificated form”
shall be deemed to have been inserted in clause (iii) thereof immediately prior to the phrase “, the Company’s
election pursuant to Section 3.1(b)(24) shall no longer be effective”.

 

(c)            Legend.
Each Note certificate evidencing the Global Notes (and all Notes issued in exchange therefor or in substitution thereof) shall
bear a legend in substantially the following form (each defined term in the legend being defined as such for purposes of the legend
only):

 

“UNLESS THIS CERTIFICATE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), NEW YORK, NEW YORK, TO THE
COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF
CEDE & CO. OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO., OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF
FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.

 

TRANSFERS OF THIS GLOBAL NOTE SHALL BE LIMITED TO
TRANSFERS IN WHOLE, BUT NOT IN PART, TO DTC, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND
TRANSFERS OF PORTIONS OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE
INDENTURE REFERRED TO ON THE REVERSE HEREOF”

 

(d)            Cancellation
or Adjustment of Global Note. At such time as all beneficial interests in a particular Global Note have been exchanged for
definitive notes in certificated form or a particular Global Note has been redeemed, repurchased or canceled in whole and not in
part, each such Global Note shall be returned to or retained and canceled by the Trustee in accordance with Section 3.9
of the Indenture.

 

    Appendix A-2

     

    

 

(e)            Obligations
with Respect to Transfers and Exchanges of Notes.

 

(i)            To
permit registrations of transfers and exchanges the Company shall execute, and the Trustee shall authenticate, definitive notes
in certificated form and Global Notes at the Registrar’s request.

 

(ii)            No
service charge shall be made for any registration of transfer or exchange; provided, however, that the Company may
require payment of a sum sufficient to pay all taxes, assessments or similar governmental charges in connection with any transfer
or exchange.

 

(iii)          Prior
to the due presentation for registration of transfer of any Note, the Company, the Trustee, a Paying Agent or the Registrar shall
deem and treat the person in whose name a Note is registered as the absolute owner of such Note for the purpose of receiving payment
of principal of and interest on such Note and for all other purposes whatsoever, whether or not such Note is overdue, and none
of the Company, the Trustee, the Paying Agent or the Registrar shall be affected by notice to the contrary.

 

(iv)          All
Notes issued upon any transfer or exchange pursuant to the terms of the Indenture shall evidence the same debt and shall be entitled
to the same benefits under the Indenture as the Notes surrendered upon such transfer or exchange.

 

(v)           The
transferor of any Note shall provide or cause to be provided to the Trustee all information reasonably requested by the Trustee
that is necessary to allow the Trustee to comply with any applicable tax reporting obligations, including without limitation any
cost basis reporting obligations under Section 6045 of the Internal Revenue Code of 1986, as amended. The Trustee may rely
on information provided to it and shall have no responsibility to verify or ensure the accuracy of such information. In connection
with any proposed exchange of a certificated Note for a Global Note, the Company or the Depository shall provide or cause to be
provided to the Trustee all information reasonably requested by the Trustee that is necessary to allow the Trustee to comply with
any applicable tax reporting obligations, including without limitation any cost basis reporting obligations under Section 6045
of the Internal Revenue Code of 1986, as amended. The Trustee may rely on information provided to it and shall have no responsibility
to verify or ensure the accuracy of such information.

 

(f)             No
Obligation of the Trustee.

 

(i)            The
Trustee shall have no responsibility or obligation to any beneficial owner of a Global Note, a member of, or a participant in the
Depository or any other Person with respect to the accuracy of the records of the Depository or its nominee or of any participant
or member thereof, with respect to any ownership interest in the Notes or with respect to the delivery to any participant, member,
beneficial owner or other Person (other than the Depository) of any notice (including any notice of redemption or repurchase) or
the payment of any amount, under or with respect to such Notes. All notices and communications to be given to the Holders and all
payments to be made to the Holders under the Notes shall be given or made only to the registered Holders (which shall be the Depository
or its nominee in the case of a Global Note). The rights of beneficial owners in any Global Note shall be exercised only through
the Depository subject to the applicable rules and procedures of the Depository. The Trustee may conclusively rely and shall
be fully protected in so relying upon information furnished by the Depository with respect to its members, participants and any
beneficial owners.

 

(ii)            The
Trustee shall have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed
under the Indenture or under applicable law with respect to any transfer of any interest in any Note (including any transfers between
or among Depository participants, members or beneficial owners in any Global Note) other than to require delivery of such certificates
and other documentation or evidence as are expressly required by, and to do so if and when expressly required by, the terms of
the Indenture, and to examine the same to determine substantial compliance as to form with the express requirements hereof.

 

    Appendix A-3

     

    

 

 

EXHIBIT A

 

[FORM OF FACE OF NOTE]

 

[Global Notes Legend]

 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE
OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), NEW YORK, NEW YORK, TO THE COMPANY OR ITS AGENT FOR
REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH
OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO., OR TO SUCH OTHER
ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE
BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

 

TRANSFERS OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS
IN WHOLE, BUT NOT IN PART, TO DTC, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS
OF PORTIONS OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE
REFERRED TO ON THE REVERSE HEREOF.

 

    A-1

     

    

 

	No. [          ]	CUSIP No.: 31620RAK1
	 	ISIN No.: US31620RAK14

 

2.450% SENIOR NOTE DUE 2031

 

FIDELITY NATIONAL FINANCIAL, INC., a Delaware corporation,
promises to pay to Cede & Co., or its registered assigns, the principal sum of [            ] Dollars ($[          ]) or such other amount
as shall be set forth on Schedule I hereto on March 15, 2031.

 

Interest Payment Dates: March 15 and September 15,
with the first Interest Payment Date to be March 15, 2021

 

Regular Record Dates: March 1 and September 1

 

Authenticated: September 15, 2020

 

Dated: September 15, 2020

 

    A-2

     

    

 

	FIDELITY NATIONAL FINANCIAL, INC.	 
	 	 
	By:	 	 
	 	Name:	 
	 	Title:	 
	 	 
	 	 
	By:	 	 
	 	Name:	 
	 	Title:	 

 

    A-3

     

    

 

Certificate of Authentication

 

THE BANK OF NEW YORK MELLON TRUST COMPANY,
N.A., as Trustee, certifies that this is one of the Securities of the series described in the within-mentioned Indenture.

 

	 	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee
	 	 
	 	By:	 
	 	 	Authorized Signatory

 

Dated:

 

    A-4

     

    

 

FIDELITY NATIONAL FINANCIAL, INC.

 

2.450% SENIOR NOTE DUE 2031

 

1. INTEREST. Fidelity National Financial, Inc., a Delaware
corporation (the “Company”), promises to pay interest on the principal amount of this Security at the rate of 2.450%
per annum, payable semiannually in arrears on March 15 and September 15 of each year (each, an “Interest Payment
Date”), commencing on March 15, 2021, until the principal is paid or made available for payment. Interest on this Security
will accrue from, and including, the most recent date to which interest has been paid or provided for (or, if there is no existing
default in the payment of interest and if this Note is authenticated between a Regular Record Date and the next Interest Payment
Date, from such Interest Payment Date) or, if no interest has been paid, from, and including, the date hereof, in each case to,
but excluding, the next Interest Payment Date. Interest shall be computed on the basis of a 360-day year of twelve 30-day months.

 

2. METHOD OF PAYMENT. The Company shall pay interest on this
Security (except Defaulted Interest, if any, which shall be paid on such special payment date as may be fixed in accordance with
the Indenture referred to below) to the persons who are registered Holders at the close of business on the March 1 or September 1
immediately preceding the applicable Interest Payment Date, except that interest payable on March 15, 2031 shall be payable
to the persons to whom principal is payable on such date. A holder must surrender this Security to a Paying Agent to collect principal
payments. The Company shall pay principal and interest in money of the United States that at the time of payment is legal tender
for payment of public and private debts.

 

3. PAYING AGENT AND REGISTRAR. Initially, The Bank of New York
Mellon Trust Company, N.A., shall act as Paying Agent and Registrar. The Company may change or appoint any Paying Agent, Registrar
or co-Registrar without notice. The Company or any of its Subsidiaries may act as Paying Agent, Registrar or co-Registrar.

 

4. INDENTURE. The Company issued this Security under the Indenture
(the “Base Indenture”), dated as of December 8, 2005, between Fidelity National Title Group, Inc. (as predecessor
in interest to the Company) and The Bank of New York Trust Company, N.A. (now known as The Bank of New York Mellon Trust Company,
N.A.), as Trustee, as amended by the First Supplemental Indenture (the “First Supplemental Indenture”), dated as of
January 6, 2006, between such parties, the Second Supplemental Indenture (the “Second Supplemental Indenture”),
dated as of May 5, 2010, between such parties and the Sixth Supplemental Indenture (the “Sixth Supplemental Indenture”
and the Base Indenture as amended by the First Supplemental Indenture, the Second Supplemental Indenture and the Sixth Supplemental
Indenture, the “Indenture”), dated as of September 15, 2020. The terms of this Security were established pursuant
to the Sixth Supplemental Indenture. The terms of this Security include those stated in the Indenture and those made part of the
Indenture by reference to the Trust Indenture Act of 1939 (“TIA”). This Security is subject to all such terms, and
Holders are referred to the Indenture and the TIA. The Company will provide a copy of the Indenture, without charge, upon written
request to the Company sent to 601 Riverside Avenue, Jacksonville, Florida 32204, Attention: Corporate Secretary. Capitalized terms
used herein without definition shall have the respective meanings ascribed to them in the Indenture.

 

5. PERSONS DEEMED OWNERS. The registered Holder or Holders of
this Security shall be treated as owners of it for all purposes.

 

    A-5

     

    

 

6. OPTIONAL REDEMPTION. This Security is redeemable, at the
option of the Company, (a) prior to December 15, 2030, at any time in whole, or from time to time in part, at a Redemption
Price, payable in cash, equal to the greater of: (x) 100% of the principal amount to be redeemed; and (y) the sum of
the present values of the remaining (as of the Redemption Date for such redemption) scheduled interest and principal payments on
this Security (or the portion hereof) to be redeemed (excluding interest accrued to such Redemption Date), discounted to such Redemption
Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the applicable Treasury Yield plus 30
basis points, in each case plus unpaid interest that has accrued to, but excluding, such Redemption Date and (b) on or after
December 15, 2030, at any time in whole, or from time to time in part, at a Redemption Price, payable in cash, equal to 100%
of the principal amount to be redeemed, plus unpaid interest that has accrued to, but excluding, such Redemption Date. If such
Redemption Date is after a Regular Record Date for this Security and on or before the related Interest Payment Date, then the payment
of interest becoming due on such Interest Payment Date shall be payable, on such Interest Payment Date, to the Holder of record
hereof at the close of business on such Regular Record Date, and the Redemption Price shall not include unpaid interest that has
accrued to, but excluding, the Redemption Date. This Security shall not be redeemable by the Company except as provided in the
preceding sentences and the Indenture. This Security shall not be redeemable at the election of any Holder, except to the extent
that the principal of, and interest on, this Security may be accelerated in accordance with Article 5 of the Indenture.

  

For purposes of determining the Redemption Price with respect
to redemptions occurring prior to December 15, 2030 the following definitions are applicable:

 

“Comparable Treasury Issue” means the United States
Treasury security selected by an Independent Investment Banker as having a maturity comparable to the remaining term of this Security
and that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues
of corporate debt securities of comparable maturity to the remaining term of this Security.

 

“Comparable Treasury Price” of a Comparable Treasury
Issue means, with respect to any Redemption Date: (x) the average of the Reference Treasury Dealer Quotations for such Redemption
Date, after excluding the highest and lowest of the Reference Treasury Dealer Quotations; or (y) if the Company obtains fewer
than four (4) Reference Treasury Dealer Quotations, the arithmetic average of all Reference Treasury Dealer Quotations so
obtained; or (z) if the Company obtains only one Reference Treasury Dealer Quotation, such Reference Treasury Dealer Quotation.

 

“Independent Investment Banker” means one of the
Reference Treasury Dealers, or its successor, selected by the Company.

 

“Reference Treasury Dealers” means each of (i) BofA
Securities, Inc. and J.P. Morgan Securities LLC (or their respective successors); and (ii) any other primary U.S. government
securities dealer in New York City (a “Primary Treasury Dealer”) selected by the Company. If any of the foregoing
ceases to be a Primary Treasury Dealer, the Company shall substitute another Primary Treasury Dealer in its place.

 

“Reference Treasury Dealer Quotations” means, with
respect to each Reference Treasury Dealer and any Redemption Date for this Security, the average, as determined by the Company
(or the Independent Investment Banker), of the bid and asked prices for the Comparable Treasury Issue for this Security, expressed
in each case as a percentage of its principal amount, quoted in writing to the Company by such Reference Treasury Dealer at 5:00
p.m., New York City time, on the third (3rd) Business Day preceding such Redemption Date.

 

“Treasury Yield” means, with respect to any Redemption
Date applicable to this Security, the rate per annum equal to the semiannual equivalent yield to maturity, computed as of the third
(3rd) Business Day immediately preceding such Redemption Date, of the Comparable Treasury Issue, assuming a price for the Comparable
Treasury Issue, expressed as a percentage of its principal amount, equal to the applicable Comparable Treasury Price for such Redemption
Date.

 

    A-6

     

    

 

7. LEGAL HOLIDAYS. In any case where any Interest Payment Date,
Redemption Date, Stated Maturity or Maturity of this Security shall not be a Business Day at any Place of Payment, then (notwithstanding
any other provision of the Indenture or of this Security), payment of principal or interest need not be made at such Place of Payment
on such date, but may be made on the next succeeding Business Day at such Place of Payment with the same force and effect as if
made on such date; provided that no interest shall accrue on the amount so payable for the period from and after such Interest
Payment Date, Redemption Date, Stated Maturity or Maturity, as the case may be.

 

8. UNCLAIMED MONEY. Subject to the terms of the Indenture, if
money for the payment of principal or interest remains unclaimed for two (2) years, the Trustee or Paying Agent shall pay
the money back to the Company at its request, and thereafter Holders entitled to the money shall, as unsecured general creditors,
look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust
money, and all liability of the Company as trustee thereof, shall thereupon cease.

 

9. AMENDMENT, SUPPLEMENT. Subject to certain exceptions, the
Indenture or this Security may be amended or supplemented with the consent of at least a majority in aggregate principal amount
of the Holders affected by the amendment. Without the consent of any Holder, the Company and the Trustee may amend or supplement
the Indenture or this Security to, among other things, cure certain ambiguities or correct certain mistakes or to create another
series of Securities and establish its terms.

 

10. DEFAULTS AND REMEDIES. The Events of Default set forth in
Sections 5.1(1), (2), (3), (4), (5) and (6) of the Indenture apply to this Security.

 

If an Event of Default with respect to the Outstanding securities
of the same series as this Security occurs and is continuing, the Trustee or the Holders of at least 25% in aggregate principal
amount of all Outstanding securities of the same series as this Security, by written notice to the Company (and, if given by the
Holders, to the Trustee), may declare the principal of and accrued and unpaid interest, if any, on the aggregate principal amount
of all Outstanding securities of the same series as this Security to be due and payable, and upon any such declaration, such principal
and interest, if any, shall be immediately due and payable.

 

At any time after such a declaration of acceleration with respect
to this Security has been made and before a judgment or decree for payment of the money due has been obtained by the Trustee as
provided in the Indenture, the Holders of a majority in aggregate principal amount of all Outstanding securities of the same series
as this Security, by written notice to the Trustee, may rescind and annul such declaration and its consequences as provided, and
subject to satisfaction of the conditions set forth, in the Indenture.

 

The Holders of a majority in aggregate principal amount of all
Outstanding securities of the same series as this Security, by written notice to the Trustee, may waive, on behalf of all Holders
of such securities, any past Default or Event of Default with respect to such securities and its consequences except (a) a
Default or Event of Default in the payment of the principal of, or interest on, any such security or (b) in respect of a covenant
or provision of the Indenture which, pursuant to the Indenture, cannot be amended or modified without the consent of each Holder
of each affected Outstanding security of the same series as this Security. Upon any such waiver, such Default shall cease to exist,
and any Event of Default arising therefrom shall be deemed to have been cured.

 

    A-7

     

    

 

11. AMOUNT UNLIMITED. The aggregate principal amount of Securities
which may be authenticated and delivered under the Indenture is unlimited. The Securities may be issued from time to time in one
or more series. The Company may from time to time, without the consent of the Holders of this Security, issue additional Securities
of the series of which this Security is a part on substantially the same terms and conditions as those of this Security (except
for issue date, issue price and, if applicable, the first payment of interest thereon), and with the same CUSIP number (if the
additional Securities are fungible for U.S. federal income tax purposes with this Security).

 

12. TRUSTEE DEALINGS WITH COMPANY. Subject to the TIA, The Bank
of New York Mellon Trust Company, N.A., as Trustee under the Indenture, in its individual or any other capacity, may make loans
to, accept deposits from, and perform services for the Company or its affiliates, and may otherwise deal with the Company or its
affiliates, as if it were not Trustee.

 

13. NO RECOURSE AGAINST OTHERS. No director, officer, employee
or stockholder, as such, of the Company shall have any liability for any obligations of the Company under this Security or the
Indenture or for any claim based on, in respect of or by reason of such obligations or their creation. Each Holder, by accepting
this Security, waives and releases all such liability. Such waiver and release are part of the consideration for the issue of this
Security.

 

14. DISCHARGE OF INDENTURE. The Indenture contains certain provisions
pertaining to discharge and defeasance.

 

15. AUTHENTICATION. This Security shall not be valid until the
Trustee signs the certificate of authentication on the other side of this Security.

 

16. GOVERNING LAW. This Security shall be governed by and construed
in accordance with the internal laws of the State of New York.

 

17. ABBREVIATIONS. Customary abbreviations may be used in the
name of a Holder or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint
tenants with right of survivorship and not as tenants in common), CUST (= custodian), and U/G/M/A (= Uniform Gifts to Minors Act).

 

[Remainder of Page Intentionally Left
Blank]

 

    A-8

     

    

 

ASSIGNMENT FORM

  

	To assign this Security, fill in the form below:
	 
	I or we assign and transfer this Security to:
	 
	 	    
	(Print or type assignee’s name, address and zip code)
	 
	 	 
	(Insert assignee’s soc. sec. or tax identification No.)
	 
	and irrevocably appoint __________ as agent to transfer this Security on the books of the Company. The agent may substitute another to act for him.

 

	Date:____________________	Your Signature:____________________

 

 

 

Sign exactly as your name appears on the other side of this
Security.

 

	Signature Guarantee:____________________	Signature of Signature Guarantee:____________________

 

Date: _________________

 

Signature must be guaranteed by a participant in

a recognized signature guaranty medallion program

or other signature guarantor program reasonably

acceptable to the Trustee

 

    A-9

     

    

 

[TO BE ATTACHED TO GLOBAL SECURITIES]

 

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL
SECURITY

 

The initial principal amount of this Global
Security is $           . The following increases or decreases in this Global Security have been made:

 

	Date of 
 Exchange	 	Amount of 
 decrease in 
 Principal 
 Amount of this 
 Global Security	 	Amount of
 increase in 
 Principal 
 Amount of this 
 Global Security	 	Principal amount 
 of this Global 
 Security
 following such 
 decrease or
 increase	 	Signature of 
 authorized
 signatory of
 Trustee or 
 Securities 
 Custodian
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 

 

    A-10

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