Document:

EX-10.1

 EXHIBIT 10.1 

NINTH AMENDMENT TO 

AGREEMENT OF LIMITED PARTNERSHIP 

OF 
 HERSHA HOSPITALITY
LIMITED PARTNERSHIP 
 November 4, 2016 

THIS NINTH AMENDMENT TO THE AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP (this “Ninth Amendment”), dated as of
November 4, 2016, is entered into by HERSHA HOSPITALITY TRUST, a Maryland real estate investment trust, as general partner (the “General Partner”) of HERSHA HOSPITALITY LIMITED PARTNERSHIP, a Virginia limited partnership (the
“Partnership”), for itself and on behalf of the limited partners of the Partnership. 
 WHEREAS, the Amended and Restated
Agreement of Limited Partnership of the Partnership was executed on January 26, 1999, a First Amendment thereto was executed on December 31, 1999, a Second Amendment thereto was executed on April 21, 2003, a Third Amendment thereto was executed on
August 5, 2005, a Fourth Amendment thereto was executed on May 18, 2011, a Fifth Amendment thereto was executed on March 26, 2013, a Sixth Amendment thereto was executed on December 23, 2014, a Seventh Amendment thereto was executed on June 22,
2015, and an Eighth Amendment thereto was executed on May 27, 2016 (the “Partnership Agreement”); and 
 WHEREAS, Section
4.02(a) of the Partnership Agreement authorizes the General Partner to cause the Partnership to issue additional Partnership Units in one or more classes or series, with such designations, preferences and relative, participating, optional or other
special rights, powers and duties as shall be determined by the General Partner, without the approval of the Limited Partners; and 

WHEREAS, the General Partner has authorized the issuance of up to 4,600,000 shares of its 6.50% Series E Cumulative Redeemable Preferred
Shares of Beneficial Interest, par value $0.01 per share (the “Series E Preferred Shares”) at a gross offering price of $25.00 per Series E Preferred Share and, in connection therewith, the General Partner, pursuant to Section
4.02(b) of the Partnership Agreement, is contributing the net proceeds of such issuance to the Partnership and is causing the Partnership to issue to the General Partner Series E Preferred Partnership Units (as hereinafter defined); and 

WHEREAS, pursuant to the authority granted to the General Partner pursuant to Sections 4.02(a) and Article XI of the Partnership
Agreement and as authorized by the resolutions of the General Partner dated October 24, 2016, the General Partner desires to amend the Partnership Agreement (i) to set forth the designations, rights, powers, preferences and duties of the Series
E Preferred Partnership Units and (ii) to issue the Series E Preferred Partnership Units to the General Partner. 

  
 1 

 NOW, THEREFORE, in consideration of good and valuable consideration, the receipt and sufficiency
of which hereby are acknowledged, the General Partner hereby amends the Partnership Agreement as follows: 
 1. The Partnership Agreement is
hereby amended by the addition of a new annex thereto, entitled Annex E, in the form attached hereto, which sets forth the designations, allocations, preferences and other special rights, powers and duties of the Series E Preferred Partnership Units
and which shall be attached to and made a part of the Agreement. 
 2. Pursuant to Section 4.02(a) of the Partnership Agreement, effective
as the issuance date of the Series E Preferred Shares by the General Partner, the Partnership issues Series E Preferred Partnership Units to the General Partner in the amount shown on Schedule I hereto, which Schedule I may be amended by the General
Partner in its sole discretion at any time, but in no event shall the number of Series E Preferred Partnership Units exceed 4,600,000. The Series E Preferred Partnership Units have been created and are being issued in conjunction with the General
Partner’s issuance of the Series E Preferred Shares, and as such, the Series E Preferred Partnership Units are intended to have designations, preferences and other rights, all such that the economic interests are substantially identical to the
designations, preferences and other rights of the Series E Preferred Shares, and the terms of this Ninth Amendment, including without limitation the attached Annex E, shall be interpreted in a fashion consistent with this intent. In return for the
issuance to the General Partner of the Series E Preferred Partnership Units, the General Partner has contributed to the Partnership the funds raised through its issuance of the Series E Preferred Shares (the General Partner’s capital
contribution shall be deemed to equal the amount of the gross proceeds of that share issuance (i.e., the net proceeds actually contributed, plus any underwriter’s discount or other expenses incurred, with any such discount or expense deemed to
have been incurred by the General Partner on behalf of the Partnership)). 
 3. In order to reflect the issuance of the Series E Preferred
Partnership Units, Exhibit A to the Partnership Agreement is hereby amended by adding to the end of such Exhibit A the table attached hereto as Schedule I, which Schedule I may be amended by the General Partner in its sole discretion at any time,
but in no event shall the number of Series E Preferred Partnership Units exceed 4,600,000. 
 4. The foregoing recitals are incorporated in
and are part of this Ninth Amendment. 
 5. Except as specifically defined herein, all capitalized terms shall have the definitions provided
in the Partnership Agreement. This Ninth Amendment has been authorized by the General Partner pursuant to Article XI of the Partnership Agreement and does not require execution by the Limited Partners. No other changes to the Partnership Agreement
are authorized under this Ninth Amendment. 
 [Signature Page Follows.] 

  
 2 

 IN WITNESS WHEREOF, this Ninth Amendment has been executed as of the date first above written.

  

					
	GENERAL PARTNER:
	
	HERSHA HOSPITALITY TRUST,
	a Maryland real estate investment trust
		
	By:	 	 /s/ Ashish R. Parikh

		 	Name:	 	Ashish R. Parikh
		 	Title:	 	Chief Financial Officer

 SIGNATURE PAGE TO NINTH AMENDMENT TO PARTNERSHIP AGREEMENT 

 ANNEX E 

DESIGNATION OF THE SERIES E PREFERRED PARTNERSHIP UNITS 

OF 
 HERSHA HOSPITALITY
LIMITED PARTNERSHIP 
 1. Designation and Number. A series of preferred partnership units, designated the “Series E
Preferred Partnership Units” (the “Series E Preferred Partnership Units”), is hereby established. The maximum number of Series E Preferred Partnership Units hereby authorized shall be 4,600,000. 

2. Rank. The Series E Preferred Partnership Units shall, with respect to distribution rights and rights upon liquidation, dissolution
or winding up of the Partnership, rank (a) senior to all classes or series of Partnership Units the terms of which do not specifically provide that such units rank on a parity with or senior to the Series E Preferred Partnership Units (the
“Common Units”); (b) on a parity with the Series C Preferred Partnership Units of the Partnership, the Series D Preferred Partnership Units, and all other Partnership Units issued by the Partnership the terms of which specifically provide
that such Partnership Units rank on a parity with the Series E Preferred Partnership Units as to the payment of distributions and the distribution of assets in the event of any liquidation, dissolution or winding up; and (c) junior to (i) all
indebtedness of the Partnership and (ii) Partnership Units issued by the Partnership the terms of which specifically provide that such Partnership Units rank senior to the Series E Preferred Partnership Units as to the payment of distributions and
the distribution of assets in the event of any liquidation, dissolution or winding up. 
 3. Distributions. 

(a) Holders of the then outstanding Series E Preferred Partnership Units shall be entitled to receive, when and as authorized and declared by
the Partnership, out of funds legally available for the payment of distributions, cumulative cash distributions at the rate of 6.50% per year of the $25.00 liquidation preference (equivalent to a fixed annual amount of $1.625 per share).
Distributions on the Series E Preferred Partnership Units are payable quarterly in arrears on January 15, April 15, July 15 and October 15 of each year and, if such day is not a business day, the next succeeding business day, commencing on January
15, 2017 (each, a “Distribution Payment Date”). The quarterly period beginning on, and including, each Distribution Payment Date and ending on, but excluding, the next succeeding Distribution Payment Date is referred to herein as a
“distribution period” and the distribution which shall accrue in respect of any full distribution period shall be $1.625 regardless of the actual number of days in such full distribution period. The first distribution will be for
less than a full quarter and will cover the period from, and including, November 7, 2016 to, but excluding, January 15, 2017. Such distribution and any distribution payable on the Series E Preferred Partnership Units for any partial distribution
period will be computed on the basis of a 360-day year consisting of twelve 30-day months. Distributions will be payable to holders of record as they appear in the stock records of the Partnership at the close of business on the applicable record
date, which shall be the first day of the calendar month in which the applicable Distribution Payment Date falls or on such other date designated by the Partnership as the record date for the payment of distributions on the Series E Preferred
Partnership Units that is not more than 30 nor less than 10 days prior to such Distribution Payment Date (each, a “Distribution Record Date”). 

  
 E-1 

 (b) No distributions on Series E Preferred Partnership Units shall be authorized or declared by
the Partnership or paid or set apart for payment by the Partnership at such time as the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness, (i) prohibits such authorization, declaration,
payment or setting apart for payment of distributions or (ii) provides that such authorization, declaration, payment or setting apart for payment of distributions would constitute a breach thereof or a default thereunder, or if such declaration or
payment shall be restricted or prohibited by law. 
 (c) Notwithstanding the foregoing, distributions on the Series E Preferred Partnership
Units shall accrue whether or not the terms and provisions set forth in Section 3(b) hereof at any time prohibit the current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for
the payment of such distributions and whether or not such distributions are declared. 
 (d) Accrued but unpaid distributions on the Series
E Preferred Partnership Units will accumulate as of the Distribution Payment Date on which they first become payable. Except as provided in Section 3(e) below, no distributions will be declared or paid or set apart for payment, and no distribution
will be made on any Common Units or any other class or series of Partnership Units ranking, as to distributions, on a parity with or junior to the Series E Preferred Partnership Units other than a distribution that consists of the Common Units or
units of any other class or series of Partnership Units ranking junior to the Series E Preferred Partnership Units as to distributions and upon liquidation, for any period unless full cumulative distributions on the Series E Preferred Partnership
Units have been or contemporaneously are declared and paid, or declared and a sum sufficient for the payment thereof is set apart for such payment on the Series E Preferred Partnership Units for all past distribution periods. 

(e) When distributions are not paid in full (or a sum sufficient for such full payment is not so set apart) upon the Series E Preferred
Partnership Units and the units of any other class or series of Partnership Units ranking on a parity as to distributions with the Series E Partnership Units, all distributions declared upon the Series E Preferred Partnership Units and any other
class or series of Partnership Units ranking on a parity as to distributions with the Series E Preferred Partnership Units shall be declared pro rata so that the amount of distributions declared per unit of Series E Preferred Partnership Units and
such other class or series of Partnership Units shall in all cases bear to each other the same ratio that accrued distributions per unit on the Series E Preferred Partnership Units and such other class or series of Partnership Units (which shall not
include any accrual in respect of unpaid distributions for prior distribution periods if such Partnership Units do not have a cumulative distribution) bear to each other. No interest, or sum of money in lieu of interest, shall be payable in respect
of any distribution payment or payments on Series E Preferred Partnership Units which may be in arrears. 

  
 E-2 

 (f) Except as provided in the immediately preceding paragraph, unless full cumulative
distributions on the Series E Preferred Partnership Units have been or contemporaneously are declared and paid or declared and a sum sufficient for the payment thereof is set apart for payment for all past distribution periods, no distributions
(other than distributions paid in Common Units or any other class or series of Partnership Units ranking junior to the Series E Preferred Partnership Units as to distributions and upon liquidation) shall be declared or paid or set aside for payment,
nor shall any other distribution be declared or made, upon the Common Units or any other class or series of Partnership Units ranking junior to or on a parity with the Series E Preferred Partnership Units as to distributions or upon liquidation, nor
shall any Common Units, or any other class or series of Partnership Units ranking junior to or on a parity with the Series E Preferred Partnership Units as to distributions or upon liquidation be redeemed, purchased or otherwise acquired for any
consideration (or any moneys be paid to or made available for a sinking fund for the redemption of any such units) by the Partnership (except by conversion into or exchange for any other class or series of Partnership Units ranking junior to the
Series E Preferred Partnership Units as to distributions and upon liquidation) and except in connection with the redemption of Partnership Units in connection with a redemption of “Shares-in-Trust” under the Articles of Amendment and
Restatement, which is intended to assist the General Partner in qualifying as a real estate investment trust for federal income tax purposes. 

(g) Holders of the Series E Preferred Partnership Units shall not be entitled to any distribution, whether payable in cash, property or
Partnership Units in excess of full cumulative distributions on the Series E Preferred Partnership Units as provided above. Any distribution payment made on Series E Preferred Partnership Units shall first be credited against the earliest accrued
but unpaid distribution due with respect to such units which remains payable. 
 4. Liquidation Preference. 

(a) Upon any voluntary or involuntary liquidation, dissolution or winding up of the affairs of the Partnership, the holders of Series E
Preferred Partnership Units then outstanding are entitled to be paid out of the assets of the Partnership legally available for distribution to its partners a liquidation preference of $25.00 per share, plus an amount equal to any accrued and unpaid
distributions to the date of payment, before any distribution of assets is made to holders of Common Units or any other class or series of Partnership Units that ranks junior to the Series E Preferred Partnership Units as to liquidation rights.
After payment of the full amount of the liquidating distributions to which they are entitled, the holders of Series E Preferred Partnership Units will have no right or claim to any of the remaining assets of the Partnership. 

(b) In the event that, upon any such voluntary or involuntary liquidation, dissolution or winding up, the available assets of the Partnership
are insufficient to pay the amount of the liquidating distributions on all outstanding Series E Preferred Partnership Units and the corresponding amounts payable on all Partnership Units of other classes or series of Partnership Units ranking on a
parity with the Series E Preferred Partnership Units in the distribution of assets upon liquidation, then the holders of the Series E Preferred Partnership Units and all other such classes or series of Partnership Units shall share ratably in any
such distribution of assets in proportion to the full liquidating distributions to which they would otherwise be respectively entitled. 

  
 E-3 

 (c) Written notice of any such liquidation, dissolution or winding up of the Partnership,
stating the payment date or dates when, and the place or places where, the amounts distributable in such circumstances shall be payable, shall be given by first class mail, postage pre-paid, not less than 30 nor more than 60 days prior to the
payment date stated therein, to each record holder of the Series E Preferred Partnership Units at the respective addresses of such holders as the same shall appear in the books and records of the Partnership. 

(d) The consolidation, conversion, combination or merger of the Partnership with or into any other corporation, partnership or entity or
consolidation, conversion or merger of any other corporation with or into the Partnership, or the sale, lease or conveyance of all or substantially all of the Partnership’s assets, property or business or any statutory share exchange, shall not
be deemed to constitute a liquidation, dissolution or winding up of the Partnership. 
 5. Redemption. 

(a) Right of Optional Redemption. Except as expressly provided herein, the Series E Preferred Partnership Units are not redeemable
prior to November 7, 2021. On and after November 7, 2021, the Partnership, at its option and upon not less than 30 nor more than 60 days’ written notice, may redeem the Series E Preferred Partnership Units, in whole or in part, at any time or
from time to time, for cash at a redemption price of $25.00 per share, plus an amount equal to all accrued and unpaid distributions thereon to the date fixed for redemption (except as provided in Section 5(c) below), without interest. If less than
all of the outstanding Series E Preferred Partnership Units are to be redeemed, the Series E Preferred Partnership Units to be redeemed shall be selected pro rata (as nearly as may be practicable without creating fractional units) or by lot. 

(b) Limitations on Redemption. Unless full cumulative distributions on all Series E Preferred Partnership Units shall have been or
contemporaneously are declared and paid or declared and a sum sufficient for the payment thereof set apart for payment for all past distribution periods, no Series E Preferred Partnership Units shall be redeemed unless all outstanding Series E
Preferred Partnership Units are simultaneously redeemed, and the Partnership shall not purchase or otherwise acquire directly or indirectly any Series E Preferred Partnership Units (except by exchange for Partnership Units ranking junior to the
Series E Preferred Partnership Units as to distributions and upon liquidation); provided, however, that the foregoing shall not prevent the purchase or acquisition of Series E Preferred Partnership Units pursuant to a purchase or exchange offer made
on the same terms to holders of all outstanding Series E Preferred Partnership Units. 
 (c) Payment of Distributions in Connection with
Redemption. Immediately prior to any redemption of Series E Preferred Partnership Units, the Partnership shall pay, in cash, any accumulated and unpaid distributions through the redemption date, unless a redemption date falls after a
Distribution Record Date and prior to the corresponding Distribution Payment Date, in which case each holder of Series E Preferred Partnership Units at the close of business on such Distribution Record Date shall be entitled to the distribution
payable on such units on the corresponding Distribution Payment Date notwithstanding the redemption of such units before such Distribution Payment Date. Except as provided above, the Partnership will make no payment or allowance
for unpaid distributions, whether or not in arrears, on Series E Preferred Partnership Units which are redeemed. 

  
 E-4 

 (d) Other Redemptions. At any time that the General Partner exercises its right to redeem
all or any of the Series E Preferred Shares, the General Partner shall cause the Partnership to concurrently redeem an equal number of Series E Preferred Partnership Units, at a redemption price per Series E Preferred Partnership Unit payable in
cash and equal to the same price per share paid by the General Partner to redeem the Series E Preferred Shares (i.e., a redemption price of $25.00 per Series E Preferred Share, plus any accrued and unpaid dividends thereon). No interest shall accrue
for the benefit of the Series E Preferred Partnership Units to be redeemed on any cash set aside by the Partnership. 
 (e) Notwithstanding
anything to the contrary contained herein, the Partnership may redeem one Series E Preferred Partnership Unit for each Series E Preferred Share purchased in the open market, through tender or by private agreement with the General Partner. 

(f) Notwithstanding anything to the contrary contained herein, the Partnership may redeem Series E Preferred Partnership Units at any time in
connection with any redemption by the General Partner of Series E Preferred Shares. 
 (g) Status of Redeemed Units. Any Series E
Preferred Partnership Units that shall at any time have been redeemed shall, after such redemption, have the status of authorized but unissued Partnership Units, without designation as to class or series until such Partnership Units are thereafter
classified or designated as part of a particular series. 
 6. Voting Rights. Except as provided by law, the General Partner, in its
capacity as the holder of the Series E Preferred Partnership Units, shall not be entitled to vote for any purpose or otherwise participate in any action taken by the Partnership or the Partners. 

7. Conversion. 
 (a)
Except as otherwise set forth herein, the Series E Preferred Partnership Units are not convertible into or exchangeable for any other property or units of the Partnership. 

(b) In the event that a holder of Series E Preferred Shares of the General Partner exercises its right to convert the Series E Preferred
Shares into Common Shares of the General Partner in accordance with the terms of the Articles Supplementary, then, concurrently therewith, an equivalent number of Series E Preferred Partnership Units held by the General Partner shall automatically
be converted into a number of Common Units of the Partnership equal to the number of Common Shares issued upon conversion of such Series E Preferred Shares; provided, however, that if a holder of Series E Preferred Shares of the General Partner
receives cash or other consideration in addition to or in lieu of Common Shares in connection with such conversion, then the General Partner, as the holder of Series E Preferred Partnership Units, shall be entitled to receive cash or such other
consideration. 

  
 E-5 

 8. Allocations. 

(a) Sections 5.01(a) and (b) of the Partnership Agreement are hereby deleted and replaced by sections (a) and (b), below. 

“(a) Net Profit. Except as otherwise provided herein, Net Profit for any fiscal year or other applicable
period shall be allocated in the following order and priority: 
 (i) first, to the General Partner in respect of its Series
C Preferred Partnership Units, its Series D Preferred Partnership Units and its Series E Preferred Partnership Units, to the extent that Net Loss previously allocated to such holder pursuant to Section 5.01(b)(iii) below for all prior fiscal years
or other applicable periods exceeds Net Profit previously allocated to the General Partner pursuant to this Section 5.01(a)(i) for all prior fiscal years or other applicable periods, 

(ii) second, to the General Partner and the Limited Partners holding Common Units in proportion to their respective Percentage
Interests to the extent that Net Loss previously allocated to such holders pursuant to Section 5.01(b)(ii) below for all prior fiscal years or other applicable periods exceeds Net Profit previously allocated to such Partners pursuant to this
Section 5.01(a)(ii) for all prior fiscal years or other applicable periods, 
 (iii) third, to the General Partner in
respect of its Series C Preferred Partnership Units, its Series D Preferred Partnership Units and its Series E Preferred Partnership Units, until it has been allocated Net Profit equal to the excess of (x) the cumulative amount of distributions the
General Partner has received for all fiscal years or other applicable period or to the date of redemption, to the extent such Series C Preferred Partnership Units, Series D Preferred Partnership Units and Series E Preferred Partnership Units are
redeemed during such period, over (y) the cumulative Net Profit allocated to the General Partner, pursuant to this Section 5.01(a)(iii) for all prior fiscal years or other applicable periods, and 

(iv) thereafter, to the Partners holding Common Units in accordance with their respective Percentage Interests. 

(b) Net Loss. Except as otherwise provided herein, Net Loss for any fiscal year or other applicable period shall be
allocated in the following order and priority: 
 (i) first, to the Partners holding Common Units in accordance with their
respective Percentage Interests to the extent of Net Profit previously allocated to such Partners pursuant to Section 5.01(a)(iv) above for all prior fiscal years or other applicable period exceeds Net Loss previously allocated to such Partners
pursuant to this Section 5.01(b)(i) for all prior fiscal years or other applicable periods, 

  
 E-6 

 (ii) second, to the General Partner and the Limited Partners holding Common
Units in proportion to their respective Percentage Interests until the adjusted Capital Account (including for this purpose any amounts a Partner is obligated to contribute to the capital of the Partnership or is deemed obligated to contribute
pursuant to Regulations Section 1.704-1(b)(2)(ii)(c)(2)) of each Partner with respect to such Common Units is reduced to zero, and 

(iii) thereafter, to the General Partner in respect of its Series C Preferred Partnership Units, its Series D Preferred
Partnership Units and its Series E Preferred Partnership Units until the adjusted Capital Account (modified in the same manner as in clause (ii)) of the General Partner with respect to such Series C Preferred Partnership Units, Series D Preferred
Partnership Units and Series E Preferred Partnership Units is reduced to zero. 
 It is the intention of the parties
hereunder that the aggregate Capital Account balance of the General Partner in respect of its Series C Preferred Partnership Units, its Series D Preferred Partnership Units and its Series E Preferred Partnership Units at any date shall not exceed
the amount of the original Capital Contributions made in respect of its Series C Preferred Partnership Units, its Series D Preferred Partnership Units and its Series E Preferred Partnership Units plus all accrued and unpaid distributions thereon,
whether or not declared, to the extent not previously distributed.” 
 (b) Notwithstanding anything to the contrary contained herein,
in connection with the liquidation of the Partnership or the interest of a holder of Series C Preferred Partnership Units, the Series D Preferred Partnership Units and the Series E Preferred Partnership Units, and prior to making any other
allocations of Net Profit or Net Loss, items of income and gain or deduction and loss shall first be allocated to the General Partner in respect of its Series C Preferred Partnership Units, its Series D Preferred Partnership Units and its Series E
Preferred Partnership Units in such amounts as is required to cause the General Partner’s adjusted Capital Account Balance (taking into account any amounts such Partner is obligated to contribute to the capital of the Partnership or is deemed
obligated to contribute pursuant to Regulations Section 1.704-1(b)(2)(ii)(c)(2)) to equal the amount such Partner is entitled to receive pursuant to the provisions of Sections 4 and 5 hereof. 

(c) For purposes of this Section 8, “Net Profit” means the excess of the Partnership’s Profit over the Partnership’s Loss
for any fiscal year or portion thereof, and “Net Loss” means the excess of the Partnership’s Loss over the Partnership’s Profit for any fiscal year or portion thereof. 

  
 E-7Exhibit

SCHEDULE A
Apache Corporation
Restricted Stock Unit Award Agreement 

GRANT NOTICE

Recipient Name:        
Company:             Apache Corporation
		
	Notice: 
	A summary of the terms of your grant of Restricted Stock Units (“RSUs”) is set out in this notice (the “Grant Notice”) but subject always to the terms of the Apache Corporation 2016 Omnibus Compensation Plan (the “Plan”) and the Restricted Stock Unit Award Agreement (the “Agreement”).  In the event of any inconsistency between the terms of this Grant Notice, the terms of the Plan and the Agreement, the terms of the Plan and the Agreement shall prevail.

You have been awarded a grant of Apache Corporation RSUs in accordance with the terms of the Plan and the Agreement.
Details of the RSUs which you are entitled to receive is provided to you in this Grant Notice and maintained on your account at netbenefits.fidelity.com 
		
	Type of Award: 
	Restricted Stock Unit(s)

		
	Restricted Stock Unit: 
	A Restricted Stock Unit (“RSU”) as defined in the Plan and meaning the right granted to the Recipient to receive one share of Stock for each RSU at the end of the specified Vesting Period.

		
	Stock:
	The $0.625 par value common stock of the Company or as otherwise defined in the Plan.

		
	Grant: 
	A Grant related to ________ Restricted Stock Units

Grant Date:            09/14/16
		
	Conditions: 
	The Recipient may elect, at the time of the grant, to have his or her RSUs deferred into the Deferred Delivery Plan (the "DDP") when the RSUs vest, in which case the Recipient will receive the value of 

1

the RSUs at the times specified pursuant to the DDP.  For RSUs that are not deferred, once the RSU vests, the Recipient shall be paid the value of his or her RSUs in shares of Stock (net of shares withheld for applicable tax withholdings).

2

		
	Vesting Period:
	RSUs granted shall vest (i.e., restrictions shall lapse) in accordance with the following schedule (the "Vesting Period"), provided that the Recipient remains employed as an Eligible Person as of such vesting date:

Notwithstanding the foregoing, if the Recipient’s termination of employment from the Company and the Affiliates occurs by reason of his or her Retirement, the Recipient shall be deemed to continue to be employed as an Eligible Person for purposes of this Grant and shall continue to vest over the Vesting Period set forth above provided that the Recipient meets the Retirement Conditions set forth in section 5 of the Agreement.
Upon vesting (other than upon death or Disability), the applicable shares of Stock, subject to required tax withholding, shall be transferred by the Company to the Recipient within thirty (30) days of the vesting date, unless the Recipient had elected to defer such RSUs into the DDP, in which case the RSUs shall be transferred to the DDP on the vesting date and paid out according to the provisions of the DDP.
Vesting is accelerated to 100% upon the Recipient’s death or Disability while an Eligible Person (or, only in the case of death, while treated as an Eligible Person following Retirement as described above) during the Vesting Period.  Upon vesting, the applicable shares of Stock, subject to required tax withholding, shall be transferred by the Company to the Recipient's designated beneficiary, legal representatives, heirs, or legatees, as applicable, in accordance with the terms of the Plan and this Agreement.  The Recipient can name a beneficiary on a form approved by the Committee.
Vesting is accelerated to 100% upon the Recipient’s Involuntary Termination or Voluntary Termination with Cause occurring on or after a 409A Change of Control that occurs during the Vesting Period.  With respect to a Recipient who continues to vest following his or her termination due to Retirement, vesting is accelerated to 100% upon a 409A Change of Control that occurs during the Vesting Period and on or after such termination due to Retirement.  Upon such vesting, the applicable shares of Stock, subject to required tax withholding, shall be transferred by the Company to the Recipient 

3

within thirty (30) days of the vesting date, unless the Recipient had elected to defer such RSUs into the DDP, in which case the RSUs shall be transferred to the DDP on the vesting date and paid out according to the provisions of the DDP.
		
	Withholding:
	The Company and the Recipient will comply with all federal and state laws and regulations respecting the required withholding, deposit, and payment of any income, employment, or other taxes relating to the Grant.

		
	Acceptance: 
	Please complete the on-line grant acceptance as promptly as possible to accept or reject your Grant.  You can access this through your account at netbenefits.fidelity.com.  By accepting your Grant, you will have agreed to the terms and conditions set forth in the Agreement, including, but not limited to, the non-compete and non-disparagement provisions set forth in sections 5 and 6 of the Agreement, and the terms and conditions of the Plan.  If you do not accept your Grant you will be unable to receive your RSUs.

4

Apache Corporation
Restricted Stock Unit Award Agreement

This Restricted Stock Unit Award Agreement (the “Agreement”) relating to a grant of Restricted Stock Units (as defined in the definition section of the Apache Corporation 2016 Omnibus Compensation Plan (the “Plan”)) (the “Grant”), dated as of the Grant Date set forth in the Notice of Award under the Agreement attached as Schedule A hereto (the “Grant Notice”), is made between Apache Corporation (together with its Affiliates, the “Company”) and each Recipient. The Grant Notice is included in and made part of this Agreement.
In this Agreement and each Grant Notice, unless the context otherwise requires, words and expressions shall have the meanings given to them in the Plan except as herein defined.
Definitions
“Disability” or “Disabled” means the Recipient is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than 12 months. Recipient agrees that a final and binding determination of “Disability” will be made by the Company’s representative under the Company’s group long-term disability plan or any successor thereto or, if there is no such representative and there is a dispute as to the determination of “Disability,” it will be decided in a court of law in Harris County, Texas.
“Grant Notice” means the separate notice given to each Recipient specifying the number of RSUs granted to the Recipient (the “Grant”).
“Fair Market Value” means the fair market value of a share of the Stock as determined by the Committee by the reasonable application of such reasonable valuation method, consistently applied, as the Committee deems appropriate; provided, however, that if the Committee has not made such determination, such fair market value shall be the per share closing price of the Stock as reported on The New York Stock Exchange, Inc. Composite Transactions Reporting System ("Composite Tape") for a particular date or, if the Stock is not so listed on such date, as reported on NASDAQ or on such other exchange or electronic trading system as, on the date in question, reports the largest number of traded shares of stock; provided further, however, that if there are no Stock transactions on such date, the Fair Market Value shall be determined as of the immediately preceding date on which there were Stock transactions.
“Involuntary Termination” means the termination of employment of the Recipient by the Company or its successor for any reason on or after a 409A Change of Control; provided, that the termination does not result from an act of the Recipient that constitutes common-law fraud, a felony, or a gross malfeasance of duty.
"Payout Amount" means the vested portion of the Grant expressed as shares of Stock underlying the RSUs.

5

“Recipient” means an Eligible Person designated by the Committee at the Grant Date to receive one or more Grants under the Plan.
“Retirement” means, with respect to a Recipient and for purposes of this Agreement, the date the Recipient terminates employment with the Company after (i) attaining age 65 and (ii) earning at least 15 Years of Service.
“Years of Service” means the total number of months from the Recipient’s date of hire by the Company to the date of termination of employment divided by 12.
“Voluntary Termination with Cause” occurs upon a Recipient’s separation from service of his own volition and one or more of the following conditions occurs without the Recipient’s consent on or after a 409A Change of Control:
		
	(a)
	There is a material diminution in the Recipient’s base compensation, compared to his rate of base compensation on the date of the 409A Change of Control.

		
	(b)
	There is a material diminution in the Recipient’s authority, duties or responsibilities.

		
	(c)
	There is a material diminution in the authority, duties or responsibilities of the Recipient’s supervisor, such as a requirement that the Recipient (or his supervisor) report to a corporate officer or employee instead of reporting directly to the board of directors.

		
	(d)
	There is a material diminution in the budget over which the Recipient retains authority.

		
	(e)
	There is a material change in the geographic location at which the Recipient must perform his service, including, for example the assignment of the Recipient to a regular workplace that is more than 50 miles from his regular workplace on the date of the 409A Change of Control.

The Recipient must notify the Company of the existence of one or more adverse conditions specified in clauses (a) through (e) above within 90 days of the initial existence of the adverse condition.  The notice must be provided in writing to Apache Corporation’s Executive Vice President, Human Resources, or his or her delegate.  The notice may be provided by personal delivery or it may be sent by email, inter-office mail, regular mail (whether or not certified), fax, or any similar method.  Apache Corporation’s Executive Vice President, Human Resources, or his or her delegate shall acknowledge receipt of the notice within 5 business days; the acknowledgement shall be sent to the Recipient by certified mail.  Notwithstanding the foregoing provisions of this definition, if the Company remedies the adverse condition within 30 days of being notified of the adverse condition, no Voluntary Termination with Cause shall occur.

6

Terms
1.    Grant of RSUs.  Subject to the provisions of this Agreement and the provisions of the Plan and Grant Notice, the Company shall grant to the Recipient, pursuant to the Plan, a right to receive the number of RSUs set forth in the Recipient’s Grant Notice.  The Grant shall give the Recipient the right, upon vesting, to an equal number of shares of $0.625 par value common stock of the Company (“Stock”).  At the time of the Grant, the Recipient may elect to defer all or any portion of the RSUs in the Deferred Delivery Plan (the “DDP”).
2.    Vesting and Payment of Stock.  Subject to the provisions of sections 3 and 4 of this Agreement, the entitlement to receive the number of shares of Stock pursuant to the RSUs comprising the Grant Amount shall vest in accordance with the schedule set forth in the Grant Notice (the "Vesting Period"); provided that the Recipient remains employed as an Eligible Person on such applicable vesting dates.  Unless the Recipient elected to defer the RSU into the DDP, such Stock, subject to applicable withholding, shall be transferred by the Company to the Recipient within thirty (30) days of the vesting date (other than upon death or Disability).  To the extent that the Recipient elected to defer the RSUs into the DDP and sections 3 and 4 do not apply, when the RSUs vest, they shall be transferred to the DDP and paid thereafter to the Recipient as specified under the terms of the DDP.
3.    Termination of Employment, Retirement, Death, or Disability.  Except as set forth below in this section 3 and in section 4 of this Agreement, each Grant shall be subject to the condition that the Recipient has remained an Eligible Person from the award of the Grant of RSUs until the applicable vesting date as follows:
(a)    If the Recipient voluntarily leaves the employment of the Company (other than for reason of Retirement), or if the employment of the Recipient is terminated by the Company for any reason or no reason, any RSUs granted to the Recipient pursuant to the Grant Notice not previously vested shall thereafter be void and forfeited for all purposes.
(b)    If the Recipient leaves the employment of the Company by reason of Retirement, any RSUs granted to the Recipient pursuant to the Grant Notice not previously vested shall continue to vest following the Recipient’s termination of employment by reason of Retirement as if the Recipient remained an Eligible Person in the employ of the Company, provided that such Recipient shall be entitled to continue vesting only if such Recipient satisfies the Retirement Conditions set forth in section 5 below (except in the case of death).
(c)    A Recipient shall become 100% vested in all RSUs under the Grant Notice on the date the Recipient dies while employed by the Company, or on the date the Recipient is no longer employed by the Company by reason of Disability, or, only in the case of death, while continuing to vest pursuant to section 3(b) of this Agreement.  Payment shall be made as soon as administratively practicable, but in no event (i) in the case of death, shall the payment occur later than the last day of the calendar year following the calendar year in which such death occurs or (ii) in the case of Disability, shall the payment occur later than thirty (30) days following the date the Recipient is determined to be Disabled and is no longer employed by the Company.  If clause (ii) is applicable and the period from the date on which the Recipient is determined to be Disabled and is no longer 

7

employed by the Company to the date under clause (ii) spans two consecutive calendar years, payment shall be made in the second calendar year of such consecutive calendar years.  Such payment shall be made to the Recipient’s designated beneficiary, legal representatives, heirs, or legatees, as applicable.  Each Recipient may designate a beneficiary on a form approved by the Committee.
4.    Change of Control.  Pursuant to Section 13.1(d) of the Plan, the following provisions of this section 4 of the Agreement shall supersede Sections 13.1(a), (b) and (c) of the Plan.  Without any further action by the Committee or the Board, in the event of a Recipient’s Involuntary Termination or Voluntary Termination with Cause occurring on or after a Change of Control of the Company that constitutes, with respect to the Company, a “change of ownership or effective control of the corporation, or in the ownership of a substantial portion of the assets of the corporation” within the meaning of Section 409A(a)(2)(A)(v) of the Internal Revenue Code of 1986, as amended (the “Code”) and Treasury Regulations Section 1.409A-3(i)(5) (a “409A Change of Control”) during the Vesting Period, the Recipient shall become 100% fully vested in the unvested RSUs granted to the Recipient pursuant to the Grant Notice as of the date of his Involuntary Termination or Voluntary Termination with Cause.  Further, in the event of a 409A Change of Control of the Company following the Recipient’s termination of employment by reason of Retirement while the Recipient is continuing to vest in the RSUs pursuant to section 3(b) of this Agreement, the Recipient shall become 100% fully vested in the unvested RSUs granted to the Recipient pursuant to the Grant Notice as of the date of the 409A Change of Control.  Subject to section 12(d) of this Agreement, payment shall occur within thirty (30) days following the date of such Involuntary Termination or Voluntary Termination with Cause (or, if the Recipient is continuing to vest pursuant to section 3(b) of this Agreement, the date of the 409A Change of Control).
5.    Conditions to Post-Retirement Vesting.  If the Recipient has attained age 65 and has completed at least 15 Years of Service and such Recipient terminates employment with the Company and the Affiliates by reason of Retirement, it is agreed by the Company and the Recipient that:
(a)    subject to the provisions of this section 5(a) and sections 5(b) and 5(c), such Recipient shall continue to vest in the unvested RSUs following the date of his or her termination by reason of Retirement as if the Recipient continued in employment as an Eligible Person provided that the Grant Date of the unvested RSUs is at least three (3) months prior to such termination date and the Recipient has provided not less than three (3) months’ advance written notice prior to such termination date to Apache Corporation’s Executive Vice President, Human Resources, or his or her delegate, and to his or her direct manager, regarding the Recipient's intent to terminate employment for reason of Retirement; provided, however, a Recipient who is at least age 65 and has completed at least 15 Years of Service need not provide such three (3) months’ advance written notice of his or her intent to terminate employment by reason of Retirement if the Company elects to require such Recipient to, or (as part of a reduction in force or otherwise in writing in exchange for a written release) offers such Recipient the opportunity to, terminate employment with the Company by reason of Retirement; and it is further agreed that
(b)    in consideration for the continued vesting treatment afforded to the Recipient under section 5(a), Recipient shall, during the continuing Vesting Period after Retirement (the "Continued 

8

Vesting Period"), refrain from becoming employed by, or consulting with, or becoming substantially involved in the business of, any business that competes with the Company or its Affiliate in the business of exploration or production of oil or natural gas within the geographic area in which the Recipient is working or has worked for the Company or its Affiliate, and/or for which the Recipient is or was responsible, at the time of termination of employment or the immediately preceding three-year period (a "Competitive Business"); provided, that the Recipient may purchase and hold for investment purposes less than five percent (5%) of the shares of any Competitive Business whose shares are regularly traded on a national securities exchange or inter-dealer quotation system, and provided further, that the Recipient may provide services solely as a director of any Competitive Business whose shares are regularly traded on a national securities exchange or inter-dealer quotation system if, during the Continued Vesting Period, (i) the Recipient only attends board and board committee meetings, votes on recommendations of management, and discharges his/her fiduciary obligations under the law and (ii) the Recipient is not involved in, and does not advise or consult on, the marketing, government relations, customer relations, or the day-to-day management, supervision, or operations of such Competitive Business; and it is further agreed that

(c)    in consideration for the continued vesting treatment afforded to the Recipient under section 5(a), Recipient shall, during the Continued Vesting Period, refrain from making, or causing or assisting any other person to make, any oral or written communication to any third party about the Company, any Affiliate and/or any of the employees, officers or directors of the Company or any Affiliate which impugns or attacks, or is otherwise critical of, the reputation, business or character of such entity or person; or that discloses private or confidential information about their business affairs; or that constitutes an intrusion into their seclusion or private lives; or that gives rise to unreasonable publicity about their private lives; or that places them in a false light before the public; or that constitutes a misappropriation of their name or likeness.

Notwithstanding the foregoing provisions of this section 5 of the Agreement, in the event that the Recipient fails to satisfy any of the conditions set forth in sections 5(a), (b) and (c) above, the Recipient shall not be entitled to vest in any unvested RSUs after the date of Retirement and the unvested RSUs subject to this Agreement shall be forfeited.
6.    Prohibited Activity.  In consideration for this Grant and except as permitted under section 5(b) above, the Recipient agrees not to engage in any “Prohibited Activity” while employed by the Company or within three years after the date of the Recipient’s termination of employment.  A “Prohibited Activity” will be deemed to have occurred, as determined by the Committee in its sole and absolute discretion, if the Recipient (i) divulges any non-public, confidential or proprietary information of the Company, but excluding information that (a) becomes generally available to the public other than as a result of the Recipient’s public use, disclosure, or fault, or (b) becomes available to the Recipient on a non-confidential basis after the Recipient’s employment termination date from a source other than the Company prior to the public use or disclosure by the Recipient, provided that such source is not bound by a confidentiality agreement or otherwise prohibited from transmitting the information by contractual, legal or fiduciary obligation; (ii) directly or indirectly, consults with or becomes affiliated with, participate or engage in, or becomes employed by any business that is competitive with the Company, wherever from time to time conducted throughout the world, including situations where the Recipient solicits or participates in or assists in any way 

9

in the solicitation or recruitment, directly or indirectly, of any employees of the Company; or (iii) engages in publishing any oral or written statements about the Company, and/or any of its directors, officers, or employees that are disparaging, slanderous, libelous, or defamatory; or that disclose private or confidential information about their business affairs; or that constitute an intrusion into their seclusion or private lives; or that give rise to unreasonable publicity about their private lives; or that place them in a false light before the public; or that constitute a misappropriation of their name or likeness.

7.    Payment and Tax Withholding.  Upon receipt of any entitlement to Stock under this Agreement and, if applicable, upon the Recipient’s attainment of eligibility to terminate employment by reason of Retirement pursuant to section 3(b), the Recipient shall make appropriate arrangements with the Company to provide for the amount of minimum tax and social security withholding, if any, required by law, including without limitation Sections 3102 and 3402 or any successor section(s) of the Internal Revenue Code and applicable state and local income and other tax laws.  Upon receipt of entitlement to Stock under this Agreement, each payment of the Payout Amount shall be made in shares of Stock, determined by the Committee, such that the withheld number of shares shall be sufficient to cover the withholding amount required by this section (including any amount to cover benefit tax charges arising thereon).  The payment of a Payout Amount shall be based on the Fair Market Value of the shares of Stock on the applicable date of vesting to which such tax withholding relates.  Where appropriate, shares shall be withheld by the Company to satisfy applicable tax withholding requirements rather than paid directly to the Recipient.
8.    No Ownership Rights Prior to Issuance of Stock.  Neither the Recipient nor any other person shall become the beneficial owner of the Stock underlying the Grant, nor have any rights of a shareholder (including, without limitation, dividend and voting rights) with respect to any such Stock, unless and until and after such Stock has been actually issued to the Recipient and transferred on the books and records of the Company or its agent in accordance with the terms of the Plan and this Agreement.
9.    Non-Transferability of Grant.  A Grant shall not be transferable otherwise than by testamentary will or the laws of descent and distribution, or in accordance with a valid beneficiary designation on a form approved by the Committee, subject to the conditions and exceptions set forth in Section 15.2 of the Plan.
10.    No Right to Continued Employment.  Neither the RSUs or Stock issued pursuant to a Grant nor any terms contained in this Agreement shall confer upon the Recipient any express or implied right to be retained in the employment or service of the Company for any period, nor restrict in any way the right of the Company, which right is hereby expressly reserved, to terminate the Recipient’s employment or service at any time for any reason or no reason.  The Recipient acknowledges and agrees that any right to receive RSUs or Stock pursuant to a Grant is earned only by continuing as an employee of the Company at the will of the Company, or satisfaction of any other applicable terms and conditions contained in the Plan and this Agreement, and not through the act of being hired, being granted the Grant, or acquiring RSUs or Stock pursuant to the Grant hereunder.

10

11.    The Plan.  In consideration for this Grant, the Recipient agrees to comply with the terms of the Plan and this Agreement.  This Agreement is subject to all the terms, provisions and conditions of the Plan, which are incorporated herein by reference, and to such regulations as may from time to time be adopted by the Committee. Unless defined herein, capitalized terms are used herein as defined in the Plan.  In the event of any conflict between the provisions of the Plan and this Agreement, the provisions of the Plan shall control, and this Agreement shall be deemed to be modified accordingly.  The Plan and the prospectus describing the Plan can be found on the Company’s HR intranet and the Plan document can be found on Fidelity’s website (netbenefits.fidelity.com).  A paper copy of the Plan and the prospectus shall be provided to the recipient upon the Recipient’s written request to the Company at 2000 Post Oak Blvd., Suite 100, Houston, Texas 77056-4400, Attention: Corporate Secretary.
12.    Compliance with Laws and Regulations.
(a)    The Grant and any obligation of the Company to deliver RSUs or Stock hereunder shall be subject in all respects to (i) all applicable laws, rules and regulations and (ii) any registration, qualification, approvals or other requirements imposed by any government or regulatory agency or body which the Committee shall, in its discretion, determine to be necessary or applicable.  Moreover, the Company shall not deliver any certificates for Stock to the Recipient or any other person pursuant to this Agreement if doing so would be contrary to applicable law.  If at any time the Company determines, in its discretion, that the listing, registration or qualification of Stock upon any national securities exchange or under any applicable law, or the consent or approval of any governmental regulatory body, is necessary or desirable, the Company shall not be required to deliver any certificates for Stock to the Recipient or any other person pursuant to this Agreement unless and until such listing, registration, qualification, consent or approval has been effected or obtained, or otherwise provided for, free of any conditions not acceptable to the Company.
(b)    It is intended that the issuance of any Stock received in respect of the Grant shall have been registered under the Securities Act of 1933 (“Securities Act”).  If the Recipient is an “affiliate” of the Company, as that term is defined in Rule 144 under the Securities Act (“Rule 144”), the Recipient may not sell the Stock received except in compliance with Rule 144.  Certificates representing Stock issued to an “affiliate” of the Company may bear a legend setting forth such restrictions on the disposition or transfer of the Stock as the Company deems appropriate to comply with Federal and state securities laws.
(c)    If, at any time, a registration statement with respect to the issuance of the Stock is not effective under the Securities Act, and/or there is no current prospectus in effect under the Securities Act with respect to the Stock, the Recipient shall execute, prior to the delivery of any Stock to the Recipient by the Company pursuant to this  Agreement, an agreement (in such form as the Company may specify) in which the Recipient represents and warrants that the Recipient is purchasing or acquiring the Stock acquired under this Agreement for the Recipient’s own account, for investment only and not with a view to the resale or distribution thereof, and represents and agrees that any subsequent offer for sale or distribution of any kind of such Stock shall be made only pursuant to either (i) a registration statement on an appropriate form under the Securities Act, which registration statement has become effective and is current with regard to the Stock being 

11

offered or sold, or (ii) a specific exemption from the registration requirements of the Securities Act, but in claiming such exemption the Recipient shall, prior to any offer for sale of such Stock, obtain a prior favorable written opinion, in form and substance satisfactory to the Company, from counsel for or approved by the Company, as to the applicability of such exemption thereto.
(d)    This Grant is intended to comply with, or be exempt from, the applicable requirements of Section 409A of the Code and the rules and regulations issued thereunder and shall be administered accordingly.  Notwithstanding anything in this Agreement to the contrary, if the RSUs constitute “deferred compensation” under Section 409A of the Code and any RSUs become payable pursuant to the Recipient’s termination of employment, settlement of the RSUs shall be delayed for a period of six months after the Recipient’s termination of employment if the Recipient is a “specified employee” as defined under Code Section 409A(a)(2)(B)(i) and if required pursuant to Section 409A of the Code.  If settlement of the RSU is delayed, the RSUs shall be settled on the first day of the first calendar month following the end of the six-month delay period.  If the Recipient dies during the six-month delay, the RSUs shall be settled and paid to the Recipient’s designated beneficiary, legal representatives, heirs or legatees, as applicable, as soon as practicable after the date of death.  Notwithstanding any provisions to the contrary herein, payments made with respect to this Grant may only be made in a manner and upon an event permitted by Section 409A of the Code, and all payments to be made upon a termination of employment hereunder may only be made upon a “separation from service”, as such term is defined in Section 11.1 of the Plan.  Recipient shall not have any right to determine a date of payment of any amount under this Agreement. This Agreement may be amended without the consent of the Recipient in any respect deemed by the Board or the Committee to be necessary in order to preserve compliance with Section 409A of the Code. If the Grant and this Agreement is subject to Section 409A of the Code and the rules and regulations issued thereunder, then the vesting date shall be the “designated payment date” or “specified date” under Treasury Regulation 1.409A-3(d).
13.    Notices.  Unless otherwise provided in this Agreement, all notices by the Recipient or the Recipient’s assignees shall be addressed to the Administrative Agent, Fidelity, through the Recipient’s account at netbenefits.fidelity.com, or such other address as the Company may from time to time specify.  All notices to the Recipient shall be addressed to the Recipient at the Recipient’s address in the Company’s records.
14.    Other Plans.  The Recipient acknowledges that any income derived from the Grant shall not affect the Recipient’s participation in, or benefits under, any other benefit plan or other contract or arrangement maintained by the Company or any Affiliate.
15.    Terms of Employment.  The Plan is a discretionary plan.  The Recipient hereby acknowledges that neither the Plan nor this Agreement forms part of his terms of employment and nothing in the Plan may be construed as imposing on the Company or any Affiliate a contractual obligation to offer participation in the Plan to any employee of the Company or any Affiliate.  The Company or any Affiliate is under no obligation to grant further Stock to any Recipient under the Plan.  The Recipient hereby acknowledges that if he ceases to be an employee of the Company or any Affiliate for any reason or no reason, he shall not be entitled by way of compensation for loss of office or otherwise howsoever to any sum.

12

16.    Data Protection.  By accepting this Agreement (whether by electronic means or otherwise), the Recipient hereby consents to the holding and processing of personal data provided by him to the Company for all purposes necessary for the operation of the Plan.  These include, but are not limited to:
(a)    administering and maintaining Recipient records;
(b)    providing information to any registrars, brokers or third party administrators of the Plan; and
(c)    providing information to future purchasers of the Company or the business in which the Recipient works.

17.    Severability.  If any provision of this Agreement is held invalid or unenforceable, the remainder of this Agreement shall nevertheless remain in full force and effect, and if any provision is held invalid or unenforceable with respect to particular circumstances, it shall nevertheless remain in full force and effect in all other circumstances, to the fullest extent permitted by law.
*****

13

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00263-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00263-of-00352.parquet"}]]