Document:

EX-10.21

 Exhibit 10.21 

DATED              2014 

VTTI MLP HOLDINGS LTD 

and 
 VTTI MLP SERVICES
LTD 
  
  

Form of 
 SECONDMENT
AGREEMENT 
  
  

 Slaughter and May 

One Bunhill Row 

London, EC1Y 8YY 

CONTENTS 
  

							
	 	  	 	  	Page	 
			
	 1.
	  	Definitions	  	 	3	  
			
	 2.
	  	Provision of Consultants	  	 	4	  
			
	 3.
	  	Absences of Consultants	  	 	4	  
			
	 4.
	  	Fees and Expenses	  	 	4	  
			
	 5.
	  	Other Activities	  	 	5	  
			
	 6.
	  	Confidentiality	  	 	5	  
			
	 7.
	  	Relationship of the Parties	  	 	6	  
			
	 8.
	  	Termination	  	 	6	  
			
	 9.
	  	Miscellaneous	  	 	7	  

  
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 THIS AGREEMENT is made this      day of         
2014
 BETWEEN 
  

	(1)	VTTI MLP HOLDINGS LTD (registered in England under number 9086292) whose registered office is at 25-27 Buckingham Palace Road, London SW1W 0PP (“VTTI Holdings”); and 

 

	(2)	VTTI MLP SERVICES LTD (registered in England under number 9083120) whose registered office is at 25-27 Buckingham Palace Road, London SW1W 0PP (“VTTI Services”), 

(together, the “Parties”). 

WHEREAS 
  

	(A)	VTTI Holdings, VTTI Energy Partners LP (the “Partnership”) and VTTI Energy Partners GP LLC (the “General Partner”) have entered into an administrative services agreement dated on or
about the date hereof (the “Administrative Services Agreement”), pursuant to which VTTI Holdings is to provide, or procure the provision of, management and administrative support services to the Partnership on the terms set out in
the Administrative Services Agreement. 

  

	(B)	VTTI Holdings, having no employees and therefore being unable to provide such services out of its own resources, wishes to engage VTTI Services to put its employees at the disposal of VTTI Holdings on the terms set out
herein. 

 NOW IT IS AGREED as follows. 
  

	1.	Definitions 

 In this Agreement: 

 

			
	“Administrative Services”	    	has the meaning given in the Administrative Services Agreement;
		
	“Administrative Services Agreement”	    	has the meaning given in the recitals;
		
	“Consultants”	    	means those officers or employees of VTTI Services as VTTI Holdings may from time to time reasonably request;
		
	“Fee”	    	has the meaning given in clause 4.1;

  
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	“General Partner”	    	has the meaning given in the recitals;
		
	“Management Services”	    	has the meaning given in the Administrative Services Agreement;
		
	“Partnership”	    	has the meaning given in the recitals;
		
	“Partnership Agreement”	    	has the meaning given in the Administrative Services Agreement;
		
	“Services”	    	means the Administrative Services and the Management Services; and
		
	“VAT”	    	means value added, goods, sales or any similar tax.

  

	2.	Provision of Consultants 

  

	2.1	From the date of this Agreement until the termination of this Agreement in accordance with clause 8 below, VTTI Services shall make available to VTTI Holdings the Consultants at such times and at such places
as VTTI Holdings may consider necessary for the provision of such of the Services as VTTI Holdings may direct. 

  

	2.2	VTTI Services shall, and shall ensure that each Consultant shall, comply with all applicable laws and regulations, including, but not limited to, the Bribery Act 2010, the U.S. Foreign Corrupt Practices Act and any
other applicable anti-corruption legislation. 

  

	2.3	VTTI Services shall retain sufficiently qualified staff to provide the Services. 

  

	2.4	VTTI Holdings shall be under no obligation to provide any Consultant with work, whether during or following termination of this Agreement. 

 

	3.	Absences of Consultants 

 VTTI Services shall not be obliged to make the services of a
particular Consultant available to VTTI Holdings when that Consultant is unable to work due to holiday, illness or injury. 
  

	4.	Fees and Expenses 

  

	4.1	In consideration for the provision of the Consultants and subject to receipt of appropriate invoices, VTTI Holdings shall pay to VTTI Services a fee calculated as an allocated portion, as determined by VTTI Services, of
all documented costs incurred by VTTI Services in hiring the Consultants for those periods that the Consultants are providing Services, with the following cost mark-ups applied: 

 

					
	 Back-office staff salaries
	  	 	5	% 
	 Executive salaries
	  	 	10	% 
	 Executive bonuses
	  	 	12.5	% 

 (the “Fee”). 

  
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	4.2	The Fee shall be determined calendar monthly and shall be payable by credit transfer to the account nominated from time to time by VTTI Services within 7 days after receipt by VTTI Holdings of an appropriate invoice
issued by VTTI Services. 

  

	4.3	The cost of all travelling and other out-of-pocket expenses incurred by the Consultants in providing the Services shall be refunded by VTTI
Holdings to VTTI Services provided those expenses are reasonably incurred, of reasonable amounts and evidenced in such manner as VTTI Holdings may reasonably require. 

 

	4.4	The Parties acknowledge that VTTI Services and its affiliates may pay incentive compensation amounts to any Consultant pursuant to or in connection with any bonus, option equity incentive or similar program maintained
by VTTI Services and that an allocation portion as determined by VTTI Services and agreed upon by VTTI Holdings of such incentive compensation amounts may be included in the Fee as provided in Section 4.1 above. 

 

	4.5	All amounts stated to be payable under this Agreement are exclusive of VAT. To the extent that VAT is chargeable by reference to any supply made under this Agreement, the recipient of such supply shall pay to the
supplier an amount equal to such VAT on receipt of a valid VAT invoice in respect thereof. 

  

	4.6	VTTI Holdings shall be entitled to deduct from the Fee any sums that VTTI Services may owe to VTTI Holdings at any time. 

  

	5.	Other Activities 

 Nothing in this Agreement shall prevent VTTI Services or any
Consultant or former Consultant from providing its or his services to, or undertaking, any other business or profession or being or becoming an employee, consultant or agent of or adviser to any other company, firm or person or assisting or having
any financial interest in any other business or profession. 
  

	6.	Confidentiality 

 VTTI Services shall, and shall procure that any Consultant shall, keep
confidential all information that it (or its officers and employees) has acquired or developed in the course of providing the Services. 

  
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	7.	Relationship of the Parties 

 VTTI Services confirms that each Consultant is, and any
future Consultant will be, an employee of VTTI Services and will remain so for as long as he is a Consultant under this Agreement. Nothing in this Agreement shall render any Consultant an employee or a partner of VTTI Holdings, the Partnership or
the General Partner, and no Consultant shall have the status or rights of a worker or agency worker of VTTI Holdings, the Partnership or the General Partner under all and any applicable employment legislation (in particular the Agency Workers
Regulations 2010). Accordingly, subject to clause 4.4, VTTI Services shall be responsible for all matters in relation to each Consultant’s employment, including any disciplinary action, and shall bear exclusive responsibility for the
payment of any National Insurance contributions, income tax and any other statutory charges or deductions specified by law from time to time in respect of the employment of and any payments made to each Consultant. 

 

	8.	Termination 

  

	8.1	This Agreement shall, subject to the remainder of this clause 8, continue in force until terminated either: 

  

	 	(A)	by VTTI Services or VTTI Holdings upon 90 days’ written notice; or 

  

	 	(B)	by VTTI Holdings in circumstances where, following a termination of the Administrative Services Agreement in accordance with the terms of that agreement, VTTI Holdings elects within a period of 10 days following such
termination of the Administrative Services Agreement to terminate this Agreement. 

  

	8.2	Either Party may terminate this Agreement forthwith by written notice to the other in the event of: 

  

	 	(A)	any material or persistent default or breach by the other of any of its obligations hereunder (in the case of default or breach capable of remedy, where the other has failed to make good such default or breach within 14
days of receipt of notice in writing requiring it to do so); or 

  

	 	(B)	the other suspending or threatening to suspend payment of its debts, being unable to pay its debts or being deemed to be unable to pay its debts, or a liquidator being appointed, a resolution being passed or an order
being made for the purpose of or in connection with winding-up the other, or an administrator being appointed, a resolution being passed or an order being made in connection with the appointment of an administrator in respect of the other, or the
other ceasing to carry on its business, or the other proposing or making any composition, compromise, assignment or arrangement with all or any class of its creditors, save in respect of (B) above where such action, event, circumstances or
situation is for the sole purpose of a solvent scheme of reconstruction or amalgamation. 

  
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	8.3	Any termination of this Agreement shall be without prejudice to any accrued rights and liabilities of any Party subsisting as at the date of termination. Notwithstanding the termination of this Agreement, the provisions
of clause 6, clause 7, clause 8, clause 9.2, clause 9.4, clause 9.5 and clause 9.6 shall remain in force and be binding on the Parties. 

 

	8.4	Upon termination of this Agreement, VTTI Holdings shall be obligated to pay any and all amounts payable under clause 4 for the applicable Consultants provided prior to the time of termination. 

 

	8.5	If this Agreement is terminated by VTTI Holdings pursuant to clause 8.1 and such termination results in VTTI Services incurring downsizing costs, costs in relation to redundant employees or other costs, in each
case that it is unable to recoup, VTTI Holdings shall be liable to compensate VTTI Services for a fair and reasonable proportion of such costs. The Parties shall meet to discuss such proportion and, in determining the proportion, shall have regard
to (i) the duration of this Agreement at the time of its termination and (ii) the notice period before termination given by VTTI Holdings. Failing agreement between the Parties as to such proportion, either Party may apply to an
independent English Queens Counsel of at least 10 years’ standing with relevant experience of such disputes to determine a fair proportion, and this decision shall be binding on the Parties. 

 

	9.	Miscellaneous 

  

	9.1	Any notice required to be given by either Party hereunder shall be left at or sent by registered or recorded delivery post to the registered office for the time being of the other Party marked for the attention of its
Company Secretary. Any such notice shall be treated as served at the time when it is handed to or left at the registered office of the Party to be served or, if served by post, 48 hours after its posting. 

 

	9.2	This Agreement supersedes all prior arrangements, agreements and understandings and constitutes the whole agreement between the Parties relating to the provision of the Consultants. It may only be modified or otherwise
amended by written agreement of the Parties. 

  

	9.3	The Parties note, by way of background, that, pursuant to Article 5.2 of the Administrative Services Agreement, the Partnership shall indemnify and hold harmless VTTI Services and its officers, employees and agents in
accordance with the terms of the Administrative Services Agreement. 

  

	9.4	If any provision herein is held to be void or unenforceable, the validity and enforceability of the remaining provisions herein shall remain unaffected and enforceable. 

  
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	9.5	This Agreement may be executed in one or more counterparts, each of which is an original and which shall together form one and the same instrument. 

 

	9.6	This Agreement shall be governed by and construed under English law and each of the Parties hereby irrevocably agrees that the Courts of England are to have jurisdiction to settle any disputes which may arise out of or
in connection with this Agreement. 

  
 8 

 IN WITNESS whereof this Agreement has been executed the day and year first above written. 

 

			
	Signed for and on behalf of	 	)
	VTTI MLP HOLDINGS LTD	 	)
	by [                    ]	 	)
		
	Signed for and on behalf of	 	)
	VTTI MLP SERVICES LTD	 	)
	by [                    ]	 	)

  
 [Signature Page to
Secondment Agreement]EX-10.111

 Exhibit 10.111 
  

    

 
 SMITH & WESSON HOLDING CORPORATION 

2013 INCENTIVE STOCK PLAN 

Restricted Stock Unit Award Grant Notice and Agreement 
  

	I.	Restricted Stock Unit Award Grant Notice 

 Smith & Wesson Holding
Corporation (the “Company”), pursuant to its 2013 Incentive Stock Plan (as amended, the “Plan”), hereby grants to the Participant named below a right to receive the number of Shares set forth below.
This Restricted Stock Unit Award Grant Notice and Agreement (the “Agreement”) is subject to all of the terms and conditions as set forth herein and in the Plan, agreed to by the Participant, and incorporated herein in their
entirety. Each capitalized term in this Agreement shall have the meaning assigned to it in this Agreement, or, if such term is not defined in this Agreement, such term shall have the meaning assigned to it under the Plan. 

Participant: 
 Date of Grant: 

Vesting Commencement Date: 

Number of Restricted Stock Units: 
  

			
	 Expiration Date:
	    	Subject to forfeiture as provided in Section 3(b) of Part II of this Agreement.
		
	 Vesting Schedule:
	    	One-third of the Restricted Stock Unit Award will vest on each of the first, second and third anniversary of the Vesting Commencement Date.
		
		    	All vesting is subject to the Participant’s Continuous Service with the Company, except as set forth in Part II of this Agreement.
		
	 Delivery Schedule:
	    	For each Restricted Stock Unit that vests (if any) you will receive one Share, with the Share being delivered to you on the date on which the Restricted Stock Unit vests whether pursuant to Section 3(a) or otherwise (the
“Delivery Date”).
		
		    	If the Delivery Date falls on a day in which the NASDAQ Global Select Market is not open for active trading, the Delivery Date will fall on the next active trading day. An active trading day is defined as a day in which the NASDAQ
Global Select Market is open for trading, excluding after hours trading.

 Additional Terms/Acknowledgements; Amendment, Modification, and Entire Agreement: The undersigned Participant
acknowledges receipt of, and understands and agrees to, this Agreement (including Part II hereof). No provision of this Agreement may be modified, waived, or discharged unless that waiver, modification, or discharge is agreed to in writing and
signed by the Participant and the Company. This Agreement constitutes the entire contract between the parties hereto with regard to the subject matter hereof. The Participant acknowledges that a copy

  
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of the Company’s most recent prospectus describing the Plan and a complete copy of the Plan document have been made available to the Participant, that the Participant has had reasonable
opportunity to review the prospectus, the Plan and this Agreement in their entirety, that the Participant has had an opportunity to obtain the advice of counsel prior to executing this Agreement and that the Participant fully understands all
provisions of this Agreement. This Agreement is made pursuant to the provisions of the Plan and shall in all respects be construed in conformity with the terms of the Plan. In the event of a conflict between the Plan and this Agreement, the terms of
the Plan shall govern. The Participant further acknowledges that as of the Date of Grant, this Agreement and the Plan set forth the entire understanding between the Participant and the Company regarding the acquisition of Shares pursuant to this
Agreement and supersede all prior oral and written agreements on that subject, with the exception of (i) options and other awards previously granted and delivered to the Participant under the Plan, and (ii) the following agreements only:

  

			
	Other Agreements:	 	 NONE

 Without limiting the generality of the foregoing, the Participant acknowledges and agrees that no provision of any employment,
severance, or other agreement, policy, practice or arrangement, whether written or unwritten, as may be amended or modified from time to time, shall apply to or in any way modify or amend this Agreement. No agreements or representations, oral or
otherwise, express or implied, with respect to the subject matter hereof have been made by either party which are not set forth expressly in this Agreement. 

[Signature Page Follows] 

  
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	SMITH & WESSON HOLDING CORPORATION	 		 	PARTICIPANT:
				
	By:	 	  
	 		 	  

	Name:	 		 		 	
	Title:	 		 		 	
			
	Effective as of:	 		 	Effective as of:

 [Signature Page to Restricted Stock Unit Award Grant Notice and Agreement] 

  
 3 

     

 
  

	II.	Restricted Stock Unit Award Agreement 

 The Company wishes to grant to the
Participant named in Part I of this Agreement (the “Notice of Grant”) a Restricted Stock Unit Award (the “Award”) pursuant to the provisions of the Plan. This Award will entitle the Participant to
Shares from the Company if the Participant meets the vesting requirements described herein. 
 1. Grant Pursuant to Plan. This Award
is granted pursuant to the Plan, which is incorporated herein for all purposes. The Participant hereby acknowledges that a copy of the Company’s most recent prospectus describing the Plan and a complete copy of the Plan document have been made
available to the Participant, that the Participant has had reasonable opportunity to review the prospectus, the Plan and this Agreement in their entirety, that the Participant has had an opportunity to obtain the advice of counsel prior to executing
this Agreement and that the Participant fully understands all provisions of this Agreement. Participant agrees to be bound by all of the terms and conditions of this Agreement and of the Plan. Each capitalized term in this Agreement shall have the
meaning assigned to it in this Agreement, or, if such term is not defined in this Agreement, such term shall have the meaning assigned to it under the Plan. 

2. Restricted Stock Unit Award. The Company hereby grants to the Participant the number of Restricted Stock Units listed in the Notice
of Grant as of the Date of Grant. Such number of Restricted Stock Units may be adjusted from time to time pursuant to Section 10(c) of the Plan. 

3. Vesting and Forfeiture of Restricted Stock Units. 

(a) Vesting. The Participant shall become vested in the Restricted Stock Units in accordance with the vesting schedule contained in the
Notice of Grant. 
 (b) Forfeiture. The Participant shall forfeit any Restricted Stock Units then remaining unvested (if any) in the
event that the Participant’s Continuous Service is terminated for any reason, except as otherwise determined by the Committee in its sole discretion, which determination need not be uniform as to all Participants. 

(c) Accelerated Vesting in Certain Circumstances. In the event that prior to the final vesting date, the Company terminates a
Participant without Good Cause (other than due to death or disability) or the Participant resigns following an Adverse Change in Control Effect, in either case during a Potential Change in Control Protection Period or Change in Control Protection
Period, the Participant shall become immediately vested in any Restricted Stock Units then remaining unvested (if any). 
 (d) Certain
Definitions. For purposes of this Section 3, the following terms shall have the following meanings: 
 “Adverse Change in
Control Effect” means, during a Potential Change in Control Protection Period or Change in Control Protection Period, without the Participant’s written consent, (i) any material reduction in the Participant’s annual base
salary or target 

  
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bonus percentage opportunity, (ii) any material adverse change in a Participant’s positions, titles, duties, responsibilities or reporting relationships compared to the
Participant’s positions, titles, duties, responsibilities or reporting relationships immediately prior to a Potential Change in Control (if such diminution occurs during the Potential Change in Control Protection Period) or Change in Control
(if such diminution occurs during the Change in Control Protection Period) or (iii) a relocation of the Participant’s principal place of business more than 50 miles from his or her principal place of business immediately prior to a
Potential Change in Control or Change in Control, as applicable; provided, however, that a Participant may resign following an Adverse Change in Control Effect only if Participant delivers a written notice to the Company within 30 days of the date
on which the Participant becomes aware of such condition and the Company does not cure such condition within 60 days of such notice. 

“Change in Control Protection Period” means the period commencing on the date a Change in Control occurs and ending on
the first anniversary of such date. 
 “Good Cause” means (i) the Participant engaging in an act or acts
involving a crime, moral turpitude, fraud, or dishonesty, (ii) the Participant willfully taking any action that may be materially injurious to the business or reputation of the Company or (iii) the Participant willfully violating in a
material respect the Company’s Corporate Governance Guidelines, Code of Conduct and Ethics or any other applicable code of conduct, all as may be amended from time to time, including, without limitation, provisions thereof relating to conflicts
of interest or related party transactions. 
 “Potential Change in Control” means (i) the Company enters into an
agreement, the consummation of which would result in the occurrence of a Change in Control, (ii) the Company or any person publicly announces an intention to take or to consider taking actions which, if consummated, would constitute a Change in
Control or (iii) the Board of Directors of the Company adopts a resolution to the effect that, for purposes of this Award, a Potential Change in Control has occurred. 

“Potential Change in Control Protection Period” means the period beginning upon the occurrence of a Potential Change in
Control and ending upon the earliest to occur of (i) the consummation of the Change in Control or (ii) the abandonment of the transaction or series of transactions that constitute a Potential Change in Control (as determined by the
Committee in its sole discretion). 
 4. Settlement of Restricted Stock Unit Award. 

(a) Settlement of Units for Shares. The Company shall deliver to the Participant one Share for each Restricted Stock Unit subject to
this Award that vests on the applicable Delivery Date. The Company shall not have any obligation to settle this Award for cash. 
 (b)
Delivery of Shares. Shares shall be delivered on the Delivery Date. If the Delivery Date falls on a day in which the NASDAQ Global Select Market is not open for active trading, the Delivery Date will fall on the next active trading day. An
active trading day is 

  
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defined as a day in which the NASDAQ Global Select Market is open for trading, excluding after hours trading. Once a Share is delivered with respect to a vested Restricted Stock Unit, such vested
Restricted Stock Unit shall terminate and the Company shall have no further obligation to deliver Shares or any other property for such vested Restricted Stock Unit. 

5. No Rights as Shareholder until Delivery. The Participant shall not have any rights, benefits, or entitlements with respect to any
Shares subject to any Restricted Stock Unit. On or after delivery of any Shares, the Participant shall have, with respect to any Shares delivered, all of the rights of an equity interest holder of the Company, including the right to vote the Shares
and the right to receive all dividends (if any) as may be declared on Shares from time to time. 
 6. Tax Provisions. 

(a) Tax Consequences. The Participant has reviewed with the Participant’s own tax advisors the federal, state, local and foreign
tax consequences of this investment and the transactions contemplated by this Agreement. The Participant is relying solely on such advisors and not on any statements or representations of the Company or any of its agents. The Participant understands
that the Participant (and not the Company) shall be responsible for any tax liability that may arise as a result of the transactions contemplated by this Agreement. 

(b) Withholding Obligations. At the time this Award is granted, or at any time thereafter as requested by the Company, the Participant
hereby authorizes withholding from payroll and any other amounts payable to the Participant (other than any amount constituting nonqualified deferred compensation within the meaning of Section 409A of the Code), including the Shares deliverable
pursuant to this Award, and otherwise agrees to make adequate provision for, any sums required to satisfy the minimum federal, state, local, and foreign tax withholding obligations of the Company or a Related Entity (if any) which arise in
connection with this Award. 
 The Company, in its sole discretion, and in compliance with any applicable legal conditions or restrictions,
may withhold from fully vested Shares otherwise deliverable to the Participant pursuant to this Award a number of whole Shares having a Fair Market Value, as determined by the Company as of the date the Participant recognizes income with respect to
those Shares, not in excess of the minimum amount of tax required to be withheld by law (or such lower amount as may be necessary to avoid adverse financial accounting treatment). Any adverse consequences to the Participant arising in connection
with such Share withholding procedure shall be the Participant’s sole responsibility. 
 In addition, the Company, in its sole
discretion, may establish a procedure whereby the Participant may make an irrevocable election to direct a broker (determined by the Company) to sell sufficient Shares from this Award to cover the tax withholding obligations of the Company or any
Related Entity and deliver such proceeds to the Company. 
 Unless the tax withholding obligations of the Company or any Related Entity are
satisfied, the Company shall have no obligation to issue a certificate for such Shares. 

  
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 7. Consideration. With respect to the value of the Shares to be delivered pursuant to
this Award, such Shares are granted in consideration for the services the Participant shall provide to the Company during the vesting period. 

8. Transferability. The Restricted Stock Units granted under this Agreement are not transferable otherwise than by will or under the
applicable laws of descent and distribution. In addition, this Award shall not be assigned, negotiated, pledged or hypothecated in any way (whether by operation of law or otherwise), and this Award shall not be subject to execution, attachment or
similar process. Upon any attempt by the Participant to transfer, assign, negotiate, pledge or hypothecate this Award, or in the event of any levy upon this Award by reason of any execution, attachment or similar process as a result of any attempt
by the Participant to transfer, assign, negotiate, pledge or hypothecate this Award, contrary to the provisions hereof, this Award shall immediately become null and void. 

9. General Provisions. 

(a) Employment At Will. Nothing in this Agreement or in the Plan shall confer upon the Participant any right to continue in the service
of the Company or its Related Entities for any period of specific duration or interfere with or otherwise restrict in any way the rights of the Company (or any Related Entity employing or retaining the Participant) or of the Participant, which
rights are hereby expressly reserved by each, to terminate the Participant’s service at any time for any reason, with or without cause. 

(b) Notices. Any notice under this Agreement shall be in writing and shall be deemed to have been duly given when delivered personally
or when deposited in the United States mail, registered, postage prepaid, and addressed, in the case of the Company, to the Company’s President at Smith & Wesson Holding Corporation, 2100 Roosevelt Avenue, Springfield, Massachusetts
01104, or if the Company should move its principal office, to such principal office, and, in the case of the Participant, to the Participant’s last permanent address as shown on the Company’s records, subject to the right of either party
to designate some other address at any time hereafter, upon ten (10) days’ advance written notice under this Section to all other parties to this Agreement. 

(c) No Limit on Other Compensation Arrangements. Nothing contained in this Agreement shall preclude the Company from adopting or
continuing in effect other or additional compensation arrangements, and those arrangements may be either generally applicable or applicable only in specific cases. 

(d) Severability. If any provision of this Agreement is or becomes or is deemed to be invalid, illegal, or unenforceable in any
jurisdiction or would disqualify this Agreement or this Award under any applicable law, that provision shall be construed or deemed amended to conform to applicable law (or if that provision cannot be so construed or deemed amended without
materially altering the purpose or intent of this Agreement and this Award, that provision shall be stricken as to that jurisdiction and the remainder of this Agreement and this Award shall remain in full force and effect). 

  
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 (e) No Trust or Fund Created. Neither this Agreement nor the grant of this Award shall
create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company and the Participant or any other person. The Restricted Stock Units subject to this Agreement represent only the Company’s
unfunded and unsecured promise to issue Shares to the Participant in the future. To the extent that the Participant or any other person acquires a right to receive payments from the Company pursuant to this Agreement, that right shall be no greater
than the right of any unsecured general creditor of the Company. 
 (f) Cancellation of Award. If any Restricted Stock Units subject
to this Agreement are forfeited, then from and after such time, the person from whom such Restricted Stock Units are forfeited shall no longer have any rights to such Restricted Stock Units or the corresponding Shares. Such Restricted Stock Units
shall be deemed forfeited in accordance with the applicable provisions hereof. 
 (g) Participant Undertaking. The Participant hereby
agrees to take whatever additional action and execute whatever additional documents the Company may deem necessary or advisable in order to carry out or effect one or more of the obligations or restrictions imposed on either the Participant or the
Shares deliverable pursuant to the provisions of this Agreement. 
 (h) Governing Law. This Agreement shall be governed by, and
construed in accordance with, the laws of the State of Nevada without regard to the conflict-of-laws rules thereof or of any other jurisdiction. 

(i) Waiver of Jury Trial. The Company and the Participant hereby waive, to the fullest extent permitted by applicable law, any right
either party may have to a trial by jury in respect to any litigation directly or indirectly arising out of, under or in connection with this Award. 

(j) Interpretation. The Participant accepts this Award subject to all the terms and provisions of this Agreement and the terms and
conditions of the Plan. The Participant hereby accepts as binding, conclusive, and final all decisions or interpretations of the Committee upon any questions arising under this Agreement. 

(k) Successors and Assigns. The provisions of this Agreement shall inure to the benefit of, and be binding upon, the Company and its
successors and assigns and upon the Participant, the Participant’s assigns and the legal representatives, heirs and legatees of the Participant’s estate, whether or not any such person shall have become a party to this Agreement and have
agreed in writing to join herein and be bound by the terms hereof. The Company may assign its rights and obligations under this Agreement, including, but not limited to, the forfeiture provision of Section 3(b) to any person or entity
selected by the Board. 
 (l) Committee Discretion. Subject to the terms of this Agreement, the Committee shall have full and plenary
discretion with respect to any actions to be taken or determinations to be made in connection with this Award, and its determinations shall be final, binding and conclusive. 

  
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 (m) Counterparts. This Agreement may be executed in counterparts, each of which shall
be deemed to be an original, but all of which together shall constitute one and the same instrument. 
 (n) Headings. Headings are
given to the Sections and Subsections of this Agreement solely as a convenience to facilitate reference. The headings shall not be deemed in any way material or relevant to the construction or interpretation of this Agreement or any provision
thereof. 
 10. Amendments. Any modification, amendment or waiver to this Agreement that shall materially impair the rights of the
Participant with respect to the Restricted Stock Units shall require an instrument in writing to be signed by both parties hereto, except such a modification, amendment or waiver made to cause the Plan or the Restricted Stock Units to comply with
applicable law, tax rules, stock exchange rules or accounting rules and which is made to similarly situated participants. The waiver by either party of compliance with any provision of this Agreement shall not operate or be construed as a waiver of
any other provision of this Agreement, or of any subsequent breach by such party of a provision of this Agreement. 
 11.
Representations. The Participant acknowledges and agrees that the Participant has reviewed this Agreement in its entirety, has had an opportunity to obtain the advice of counsel prior to executing and accepting this Award and fully
understands all provisions of this Award. 

  
 9

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