Document:

Exhibit 4.8

 

AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT

 

BETWEEN

 

MACQUARIE INFRASTRUCTURE CORPORATION

 

AND

 

MACQUARIE INFRASTRUCTURE MANAGEMENT (USA) INC.

 

Dated as of [ ], 2015

 

This AMENDED AND RESTATED REGISTRATION RIGHTS
AGREEMENT (this “Agreement”), dated as of [ ], 2015, is between Macquarie Infrastructure Corporation, a Delaware corporation
(the “Company”) and Macquarie Infrastructure Management (USA) Inc., a Delaware corporation (the “Manager”).

 

RECITALS

 

WHEREAS, Macquarie Infrastructure Company LLC,
the predecessor entity of the Company (“Predecessor”) and the Manager are party to a Registration Rights Agreement,
dated as of December 21, 2004 (the “Original Agreement”);

 

WHEREAS, pursuant to a Certificate of
Conversion filed with the Secretary of State of the State of Delaware on [ ], 2015, the Predecessor converted (the
“Conversion”) into the Company, with each limited liability interest of Predecessor converting to one share of
common stock, par value $0.001 per share (the “Common Stock,” which term shall include interests in the
predecessors of the Company that will convert into such Common Stock in the Conversion) of the Company;

 

WHEREAS, pursuant to the terms of the Third
Amended and Restated Management Services Agreement (the “Management Services Agreement”) dated as of the date hereof
among the Manager, the Company, Macquarie Infrastructure Company Inc. and certain directly wholly owned subsidiaries of the Company
as may from time to time execute a counterpart to the Management Services Agreement (each, a “Managed Subsidiary”;
together, the “Managed Subsidiaries”), the Company and each Managed Subsidiary have agreed to appoint the Manager to
manage their respective businesses and affairs as therein described;

 

WHEREAS, pursuant to the terms of the Management
Services Agreement, the Manager has the right but not the obligation to invest all or a portion of the management fees it receives
from the Company and the Managed Subsidiaries, from time to time, in Common Stock of the Company in accordance with the terms therein
(each, a “Management Fee Investment”; together, the “Management Fee Investments”);

 

WHEREAS, the parties hereto desire to revise
the Original Agreement in connection with the Conversion.

 

    	 

    	 

    

 

NOW, THEREFORE, in consideration of the foregoing
and the covenants contained herein, the parties agree as follows:

 

SECTION 1

DEFINITIONS

 

1.1   Definitions.

 

The following terms, when used in this Agreement,
shall, except where the context otherwise requires, have the following meanings (such definitions to be equally applicable to the
singular and plural forms thereof):

 

“Additional Initial Investment” means the 600,000 shares of Trust Stock comprising 30%
of the Manager’s initial investment in the trust that was a predecessor entity of the Company.

 

“Automatically Effective Shelf”
means any Registration Statement of the Company on Form S-3ASR that is currently effective and on file with the Commission that
can be used for the registration and sale of the Company’s Common Stock.

 

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

 

“Commission” means the Securities
and Exchange Commission.

 

“Common Stock” shall have the meaning
set forth in the Recitals hereto.

 

“Company Registration Statement”
shall have the meaning set forth in Section 3.1.

 

“Deferral Notice” shall have the
meaning set forth in Section 4.2.

 

“Effective Period” means, with respect
to a Shelf Registration Statement, the period commencing from the time such Shelf Registration Statement becomes or is declared
effective until all Registrable Shares registered under such Registration Statement shall have been sold pursuant thereto or shall
have otherwise ceased to be Registrable Shares.

 

“Exchange Act” means the Securities
Exchange Act of 1934, as amended.

 

“FINRA” means the Financial Industry
Regulatory Authority, Inc.

 

“Initial Investment” means the 1,400,000 shares of Trust Stock comprising 70% of the Manager’s initial investment
in the trust that was a predecessor entity of the Company.

 

“LLC Interest” means a limited liability
company interest in the Predecessor.

 

“Management Fee Investment” shall
have the meaning set forth in the Recitals hereto.

 

“Management Services Agreement”
shall have the meaning set forth in the Recitals hereto.

 

“Material Event” shall have the
meaning set forth in Section 4.1(iv).

 

    	2

    	 

    

 

“Notice and Questionnaire” shall
have the meaning set forth in Section 2.3.

 

“Original Agreement” shall have
the meaning set forth in the Recitals hereto.

 

“Person” means any natural person,
corporation, firm, partnership, association, government, governmental agency or other entity, whether acting in an individual,
fiduciary or other capacity.

 

“Prospectus” means the prospectus
included in any Shelf Registration Statement filed in accordance with Section 2 or a Company Registration Statement described in
Section 3, as amended or supplemented by any amendment or prospectus supplement, including post-effective amendments, and all materials
incorporated by reference or explicitly deemed to be incorporated by reference in such Prospectus.

 

“Prospectus Supplement” shall have
the meaning set forth in Section 2.1.

 

“Registrable Shares” means
the shares of Common Stock  that were purchased by the Manager as the Initial Investment or the Additional Initial Investment
or in connection with Management Fee Investments, plus the shares of Common Stock purchased by the Manager in connection with
Management Fee Investments after the date hereof; provided, however, that Registrable Shares shall not include any shares of
Common Stock that have been sold to the public either pursuant to a registration statement or Rule 144 or that have been sold
in a private transaction in which the transferor’s rights under this Agreement were not assigned.

 

“Registration Expenses” shall have
the meaning set forth in Section 6.

 

“Registration Statement” means any
Shelf Registration Statement or any Company Registration Statement.

 

“Rule 144” means Rule 144 promulgated
under the Securities Act.

 

“Securities Act” means the Securities
Act of 1933, as amended.

 

“Shelf Registration Statement” means
any of the shelf registration statements referred to in Section 2.1, including the Prospectus included therein, as amended or supplemented
by any amendment or supplement, including post-effective amendments, and all materials incorporated by reference or explicitly
deemed to be incorporated by reference in each such Shelf Registration Statement.

 

“Trust Stock” means shares of stock in the trust that was a predecessor entity of the Company;
it being understood that the shares of Trust Stock were exchanged for LLC Interests in accordance with the Predecessor's LLC operating agreement and that such LLC Interests will convert
into shares of Common Stock pursuant to the Conversion.

 

Other terms defined herein shall have the meanings
assigned to them herein, and capitalized terms used herein without definition shall have the meanings ascribed thereto in the Management
Services Agreement.

 

    	3

    	 

    

 

SECTION 2

DEMAND REGISTRATION

 

2.1 So long as the Manager holds Registrable
Shares or can be reasonably foreseen to acquire Registrable Shares pursuant to future Management Fee Investments that have not
been previously registered pursuant hereto, the Company agrees, upon request of the Manager, to use its best efforts to either
(a) if there is no Automatically Effective Shelf, file one or more Shelf Registration Statements (which may include Registrable
Shares covered by a prior Shelf Registration Statement) providing for the registration, and the sale on a continuous or delayed
basis (including through brokers and dealers) by the Manager, of all such Registrable Shares, pursuant to Rule 415 or any similar
rule that may be adopted by the Commission or (b) if there is an Automatically Effective Shelf, file one or more prospectus supplements
(each, a “Prospectus Supplement”) with the Commission for the sale and distribution of all or such portion of the Manager’s
Registrable Shares as are specified in such request; provided, however, that the Company shall not be obligated to file more than
four (4) such Shelf Registration Statements or Prospectus Supplements in any twelve-month period.   Each such request
from the Manager shall indicate whether the Manager wishes to sell the Registrable Shares pursuant to an underwritten offering.

 

The Manager shall be named as a selling security
holder in such Shelf Registration Statement or Prospectus Supplement, in such a manner as to permit the Manager to deliver such
Shelf Registration Statement or Prospectus Supplement to purchasers of Registrable Shares in accordance with applicable law.

 

2.2 The Company further agrees that it shall
cause each Shelf Registration Statement and the related Prospectus and any amendment or supplement thereto, as of the effective
date of such Shelf Registration Statement or the date of any such amendment or supplement, and each Prospectus Supplement, as of
the date of such Prospectus Supplement, (i) to comply in all material respects with the applicable requirements of the Securities
Act; and (ii) not to contain any untrue statement of a material fact or omit to state a material fact required to be stated therein
or necessary in order to make the statements therein (in light of the circumstances under which they were made) not misleading.
If any Shelf Registration Statement, as amended or supplemented from time to time, ceases to be effective for any reason at any
time during an Effective Period (other than because all Registrable Shares registered thereunder shall have been sold pursuant
thereto or shall have otherwise ceased to be Registrable Shares), the Company shall use its best efforts to obtain the prompt withdrawal
of any order suspending the effectiveness thereof.

 

2.3 The Manager agrees that if it wishes to
sell Registrable Shares pursuant to a Shelf Registration Statement or Prospectus Supplement, it will do so only in accordance with
this Section 2.3. The Manager agrees to deliver a Notice and Questionnaire, a form of which is attached as Schedule 1 to this Agreement
(the “Notice and Questionnaire”), to the Company at least ten (10) Business Days prior to the filing of any Shelf Registration
Statement or Prospectus Supplement.

 

    	4

    	 

    

 

SECTION 3

PIGGYBACK REGISTRATION

 

3.1 Right to Piggyback.

 

(a) Subject to the terms and conditions hereof,
whenever the Company proposes (i) to register, either for its own account or the account of a security holder or holders, any shares
of Common Stock under the Securities Act and the form of registration statement (the “Company Registration Statement”)
to be used may be used for the registration of Registrable Shares or (ii) to sell Common Stock pursuant to a Prospectus Supplement
to an Automatically Effective Shelf and Registrable Shares can be included in such Prospectus Supplement (each, a “Piggyback
Registration”), the Company shall give prompt written notice to the Manager of the Company’s intention to effect such
a registration and shall include in the Company Registration Statement or Prospectus Supplement all Registrable Shares with respect
to which the Manager has provided the Company with a written request for inclusion therein within twenty (20) calendar days
after the receipt of the Company’s notice to the extent reasonably practicable, but shall include all such shares
to which the Manager has provided the Company with a written request for inclusion therein within three (3) business days after
the Company’s notice.

 

(b) Notwithstanding the foregoing, the Company
shall not be required to notify the Manager or include Registrable Shares in any registration on (i) Form S-1, S-3 or S-8, or their
successor forms, under the Securities Act, or a Prospectus Supplement thereto, relating solely to stock purchase or other equity
plans or an equity distribution program, including without limitation, the Company’s direct stock purchase and dividend reinvestment
program, (ii) Form S-4 or successor forms relating solely to a transaction within the scope of Rule 145, or (iii) any other form
(other than Form S-1, S-3 or SB-1, or their successor forms), or a Prospectus Supplement thereto, that does not include substantially
the same information as would be required to be included in a Company Registration Statement or Prospectus Supplement pursuant
to Section 2 above.

 

(c) The Company shall have the right to abandon,
terminate and/or withdraw any Company Registration Statement initiated by it under this Section 3 prior to the effectiveness of
such Company Registration Statement and/or any Prospectus Supplement at any time prior to the consummation of an offering pursuant
thereto, whether or not the Manager has elected to include securities in such Company Registration Statement or Prospectus Supplement.

 

3.2 If the Piggyback Registration with respect
to which the Company gives notice is for a public offering involving an underwriting, the Company shall so advise the Manager as
a part of the written notice given pursuant to Section 3.1(a). In such event, the right of the Manager to be named selling security
holder in a Company Registration Statement or Prospectus Supplement pursuant to Section 3 shall be conditioned upon the Manager’s
participation in such underwriting and the inclusion of the Manager’s Registrable Shares in the underwriting to the extent
provided herein. The Company and the Manager shall enter into an underwriting agreement in customary form, with the underwriters
selected by the Company.

 

    	5

    	 

    

 

3.3 Cutback.

 

Notwithstanding any other provision of this
Section 3 to the contrary, if the representative of the underwriters determines that marketing factors require a limitation of
the number of shares to be underwritten, the underwriters and the Company may limit the number of Registrable Shares to be included
in the Company Registration Statement or Prospectus Supplement and underwriting. In the event of any such limitation of the number
of shares of Common Stock to be underwritten, the Company shall so advise the Manager, and the number of shares included in such
Company Registration Statement or Prospectus Supplement and underwriting shall be allocated first to the Company for securities
being sold for its own account and thereafter to the Manager. If the Manager disapproves of the terms of any such underwriting,
it may elect to withdraw therefrom by written notice to the Company and the underwriter, and such Registrable Shares shall be withdrawn
from such Company Registration Statement or Prospectus Supplement.

 

SECTION 4

REGISTRATION PROCEDURES

 

The following provisions shall apply to any
Registration Statement or Prospectus Supplement filed pursuant to Sections 2 and 3 hereof.

 

4.1 The Company shall:

 

(i) prepare and file with the Commission a Registration
Statement on any form that may be utilized by the Company or a Prospectus Supplement that shall permit the disposition of the Registrable
Shares in accordance with the intended method or methods thereof, as specified in writing by the Manager;

 

(ii) before filing any Registration Statement
or related Prospectus or any Prospectus Supplement or any amendments or supplements thereto with the Commission, furnish to the
Manager copies of all such documents proposed to be filed and reflect in each such document, when so filed with the Commission,
such comments as the Manager reasonably shall propose within five (5) Business Days of the delivery of such copies to the Manager;

 

(iii) (A) prepare and file with the Commission
such amendments and post-effective amendments, if any, to any Registration Statement and file with the Commission any other required
document that may be necessary to keep such Registration Statement continuously effective until the expiration of the Effective
Period, subject to Section 4.2, (B) cause the related Prospectus to be supplemented by any required Prospectus supplement and,
as so supplemented, to be filed pursuant to Rule 424 (or any similar provisions then in force) under the Securities Act and cause
any required Prospectus Supplement to be filed pursuant to Rule 424 (or any similar provisions then in force), and (C) comply with
the provisions of the Securities Act applicable to it with respect to the disposition of all Registrable Shares covered by a Registration
Statement or Prospectus Supplement during the Effective Period in accordance with the intended methods of disposition by the Manager
set forth in a Registration Statement as so amended or such Prospectus as so supplemented or any Prospectus Supplement;

 

    	6

    	 

    

 

(iv) promptly notify the Manager (A) when each
Registration Statement or the Prospectus included therein, or any amendment or supplement to the Prospectus or post-effective amendment,
or any Prospectus Supplement has been filed with the Commission, and, with respect to each Registration Statement or any post effective
amendment, when the same has become effective, (B) of any request, following the effectiveness of any Registration Statement or
the filing of any Prospectus Supplement, by the Commission or any other federal or state governmental authority for amendments
or supplements thereto or for additional information, (C) of the issuance by the Commission of any stop order suspending the effectiveness
of any Registration Statement or the initiation or written threat of any proceedings for that purpose, (D) of the receipt by the
Company of any notification with respect to the suspension of the qualification of the Registrable Shares for sale in any jurisdiction
or the initiation or written threat of any proceeding for such purpose, (E) of the occurrence of (but not the nature of or details
concerning) any event or the existence of any fact (a “Material Event”) as a result of which any Registration Statement
shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary
to make the statements therein not misleading or any Prospectus or Prospectus Supplement shall contain any untrue statement of
a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in
the light of the circumstances under which they were made, not misleading (provided, however, that no notice by the Company shall
be required pursuant to this clause (E) in the event that the Company either promptly files a supplement to update the Prospectus
or a Prospectus Supplement or a Form 8-K or other appropriate Exchange Act report that is incorporated by reference into the Registration
Statement or Prospectus Supplement, which, in either case, contains the requisite information with respect to such Material Event
that results in such Registration Statement or Prospectus or Prospectus Supplement no longer containing any untrue statement of
material fact or omitting to state a material fact necessary to make the statements contained therein not misleading), (F) of the
determination by the Company that a post-effective amendment to a Registration Statement will be filed with the Commission, which
notice may, at the discretion of the Company (or as required pursuant to Section 4.2), state that it constitutes a Deferral Notice,
in which event the provisions of Section 4.2 shall apply or (G) at any time during which a Prospectus or Prospectus Supplement
is required to be delivered under the Securities Act, that a Registration Statement, Prospectus or Prospectus Supplement, or amendment
or supplement or post-effective amendment thereto, does not conform in all material respects to the applicable requirements of
the Securities Act and the rules and regulations of the Commission thereunder;

 

(v) prior to any public offering of the Registrable
Shares pursuant to a Registration Statement or Prospectus Supplement, use its best efforts to register or qualify or cooperate
with the Manager in connection with the registration or qualification (or exemption from such registration or qualification) of
such Registrable Shares for offer and sale under the securities or “blue sky” laws of such jurisdictions within the
United States as the Manager reasonably requests in writing (which request may be included in the Notice and Questionnaire);

 

(vi) prior to any public offering of the Registrable
Shares pursuant to a Registration Statement or Prospectus Supplement, use its best efforts to keep each such registration or qualification
(or exemption therefrom) effective during the Effective Period in connection with the Manager’s offer and sale of Registrable
Shares pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things necessary
or advisable to enable the disposition in such jurisdictions of such Registrable Shares in the manner set forth in the Registration
Statement and the related Prospectus or Prospectus Supplement; provided that the Company will not be required to (A) qualify as
a foreign corporation or as a dealer in securities in any jurisdiction in which it would not otherwise be required to qualify but
for this Agreement, (B) take any action that would subject it to general service of process in suits or to taxation in any such
jurisdiction in which it is not then so subject, or (C) become subject to the reporting requirements of such jurisdiction;

 

    	7

    	 

    

 

(vii) use its best efforts to prevent the issuance
of and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Registration Statement, or any post-effective
amendment thereto, and to lift any suspension of the qualification of any of the Registrable Shares for sale in any jurisdiction
in which they have been qualified for sale, in each case at the earliest practicable date;

 

(viii) upon reasonable notice, for a reasonable
period prior to the filing of any Registration Statement or Prospectus Supplement, and throughout the applicable Effective Period,
make available at reasonable times at the Company’s principal place of business or such other reasonable place for inspection
by a representative of any underwriter, placement agent or counsel appointed by the Manager in connection with an underwritten
offering, such financial and other information and books and records of the Company, and cause the officers, directors, trustees
and independent certified public accountants of the Company to respond to such inquiries, as shall be reasonably necessary, in
the judgment of the counsel to the Manager, to conduct a reasonable “due diligence” investigation; provided, however,
that each such representative appointed by the Manager in connection with an underwritten offering shall be required to maintain
in confidence and not to disclose to any other person any information or records reasonably designated by the Company in writing
as being confidential, subject to customary exceptions;

 

(ix) if reasonably requested by the Manager,
promptly incorporate in a supplement or post-effective amendment to a Registration Statement or Prospectus Supplement such information
as the Manager shall, on the basis of a written opinion of nationally recognized counsel experienced in such matters, determine
to be required to be included therein by applicable law and make any required filings of such supplement to the Prospectus or such
post-effective amendment; provided that the Company shall not be required to take any actions under this Section 4.1(viii) that
are not, in the reasonable opinion of counsel for the Company, in compliance with applicable law;

 

(x) promptly furnish to the Manager, upon its
request and without charge, at least one (1) conformed copy of each Registration Statement or Prospectus Supplement, and any amendments
thereto, including financial statements but excluding schedules, all documents incorporated or deemed to be incorporated therein
by reference and all exhibits (unless requested in writing to the Company by the Manager); and

 

(xi) during each Effective Period, deliver to
the Manager in connection with any sale of Registrable Shares pursuant to a Registration Statement or Prospectus Supplement, without
charge, as many copies of the Prospectus or Prospectus Supplement relating to such Registrable Shares including any Preliminary
Prospectus or preliminary Prospectus Supplement and any amendment or supplement thereto as the Manager may reasonably request;
and the Company hereby consents (except during such periods in which a Deferral Notice is outstanding and has not been revoked
or during any period that is not a “trading window” as defined in the Company’s Insider Trading Policy) to the
use of such Prospectus, Prospectus Supplement or each amendment or supplement thereto by the Manager in connection with any offering
and sale of the Registrable Shares covered by such Prospectus, Prospectus Supplement or any amendment or supplement thereto in
the manner set forth therein.

 

    	8

    	 

    

 

4.2 Upon (i) the issuance by the Commission
of a stop order suspending the effectiveness of a Registration Statement or the initiation of proceedings with respect to a Registration
Statement under Section 8(d) or 8(e) of the Securities Act or (ii) the occurrence of any event or the existence of any Material
Event as a result of which a Registration Statement shall contain any untrue statement of a material fact or omit to state any
material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus or Prospectus
Supplement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein
or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading, the Company
will (A) in the case of clause (ii) above, subject to the third sentence of this provision, as promptly as practicable, prepare
and file a post-effective amendment to such Registration Statement or an amendment or supplement to the related Prospectus or any
Prospectus Supplement or any document incorporated therein by reference or file any other required document that would be incorporated
by reference into such Registration Statement or Prospectus Supplement so that such Registration Statement does not contain any
untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements
therein not misleading, and such Prospectus or Prospectus Supplement does not contain any untrue statement of a material fact or
omit to state any material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances
under which they were made, not misleading, as thereafter delivered to the purchasers of the Registrable Shares being sold thereunder,
and, in the case of a post-effective amendment to a Registration Statement, use best efforts to cause it to be declared effective
as promptly as practicable, and (B) in the case of clauses (i) and (ii) above, give notice to the Manager that the availability
of any Registration Statement or Prospectus Supplement is suspended (a “Deferral Notice”). Upon receipt of any Deferral
Notice, the Manager agrees not to sell any Registrable Shares pursuant to a Registration Statement or Prospectus Supplement until
the Manager’s receipt of copies of the supplemented or amended Prospectus or Prospectus Supplement provided for in clause
(A) above, or until it is advised in writing by the Company that the Prospectus or Prospectus Supplement may be used, and has received
copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus or
Prospectus Supplement. The Company will use its best efforts to ensure that the use of the Prospectus or Prospectus Supplement
may be resumed (x) in the case of clause (i) above, as promptly as practicable, (y) in the case of clause (ii) above, as soon as,
in the sole judgment of the Company, public disclosure of such Material Event would not be prejudicial to or contrary to the interests
of the Company or, if necessary to avoid unreasonable burden or expense, as soon as practicable thereafter.

 

4.3 The Manager agrees that, upon receipt of
any Deferral Notice from the Company, the Manager shall forthwith discontinue (and cause any placement or sales agent or underwriters
acting on their behalf to discontinue) the disposition of Registrable Shares pursuant to the Registration Statement or Prospectus
Supplement applicable to such Registrable Shares until the Manager (i) shall have received copies of such amended or supplemented
Prospectus or Prospectus Supplement and, if so directed by the Company, deliver to the Company (at the Company’s expense)
all copies, other than permanent file copies, then in the Manager’s possession of the Prospectus or Prospectus Supplement
covering such Registrable Shares at the time of receipt of such notice or (ii) shall have received notice from the Company that
the disposition of Registrable Shares pursuant to the Registration Statement or Prospectus Supplement may continue.

 

    	9

    	 

    

 

4.4 The Company may require the Manager in connection
with the Registrable Shares as to which any offering pursuant to Section 2.1 or 3 is being effected to furnish to the Company such
information regarding the Manager and the Manager’s intended method of distribution of such Registrable Shares as the Company
may from time to time reasonably request in writing, but only to the extent that such information is required in order to comply
with the Securities Act. The Manager agrees to notify the Company as promptly as practicable of any inaccuracy or change in information
previously furnished by the Manager to the Company or of the occurrence of any event in either case as a result of which any Prospectus
or Prospectus Supplement relating to such offering contains or would contain an untrue statement of a material fact regarding the
Manager or the Manager’s intended method of disposition of such Registrable Shares or omits to state any material fact regarding
the Manager or the Manager’s intended method of disposition of such Registrable Shares required to be stated therein or necessary
to make the statements therein not misleading, and promptly to furnish to the Company any additional information required to correct
and update any previously furnished information or required so that such Prospectus or Prospectus Supplement shall not contain,
with respect to the Manager or the disposition of such Registrable Shares, an untrue statement of a material fact or omit to state
a material fact required to be stated therein or necessary to make the statements therein not misleading.

 

4.5 The Company shall comply with all applicable
rules and regulations of the Commission and timely file such reports pursuant to the Exchange Act as are necessary in order to
make generally available to its security holders as soon as practicable an earnings statement for the purposes of, and to provide
the benefits contemplated by, the last paragraph of Section 11(a) of the Securities Act.

 

4.6 The Company shall provide CUSIP numbers
for all Registrable Shares covered by an offering no later than the effective date of the Registration Statement or the filing
date of any Prospectus Supplement, as the case may be.

 

4.7 The Company and the Manager shall provide
such information as is required for any filings required to be made with FINRA.

 

4.8 From the period beginning with the termination
of the Management Services Agreement and ending six months after the last Management Fee Investment, the Company will not, and
will not permit any of its “affiliates” (as defined in Rule 144) to, resell any of the Securities that have been reacquired
by any of them except pursuant to an effective registration statement under the Securities Act.

 

    	10

    	 

    

 

4.9 The Company shall enter into such customary
agreements and take all such other necessary and lawful actions in connection therewith in order to expedite or facilitate disposition
of such Registrable Shares.

 

SECTION 5

MANAGER’S OBLIGATIONS

 

The Manager agrees, by acquisition of the Registrable
Shares, that it shall not be entitled to sell any of such Registrable Shares pursuant to a Registration Statement or Prospectus
Supplement or to receive a Prospectus or Prospectus Supplement relating thereto, unless it has furnished the Company with a Notice
and Questionnaire as required pursuant to Section 2.3 hereof (including the information required to be included in such Notice
and Questionnaire) and the information set forth in the next sentence. The Manager agrees promptly to furnish to the Company all
information required to be disclosed in order to make the information previously furnished by it to the Company not misleading
and any other information regarding the Manager and the distribution of the Registrable Shares that may be required to be disclosed
in a Registration Statement or Prospectus Supplement under applicable law or pursuant to Commission comments. The Manager agrees,
so long as the Management Services Agreement is in effect, to comply with the Company’s Insider Trading Policy. The Manager
further agrees not to sell any Registrable Shares pursuant to a Registration Statement or Prospectus Supplement without delivering,
or causing to be delivered, a Prospectus or Prospectus Supplement to the purchaser thereof and, within ten (10) Business Days of
a request by the Company confirm the amount of Registrable Shares sold pursuant to any Registration Statement or Prospectus Supplement.
In the absence of a response, the Company may assume that all of the Manager’s Registrable Shares were so sold.

 

SECTION 6

REGISTRATION EXPENSES

 

The Company agrees to bear and to pay or cause
to be paid promptly upon request being made therefor all expenses incident to the Company’s performance of or compliance
with this Agreement, including (i) all Commission and any FINRA registration and filing fees and expenses, (ii) all fees and expenses
in connection with the qualification of the Registrable Shares for offering and sale under the state securities and blue sky laws
referred to in Section 4.1(v) hereof, including reasonable fees and disbursements of one counsel for the placement agent or underwriters,
if any, in connection with such qualifications, (iii) all expenses relating to the preparation, printing, distribution and reproduction
of the Registration Statement, including any related Prospectus, or Prospectus Supplement, each amendment or supplement to each
of the foregoing, the certificates representing the Registrable Shares and all other documents relating hereto, (iv) fees and expenses
of the registrar and transfer agent for the Common Stock, (v) fees, disbursements and expenses of counsel and independent certified
public accountants of the Company (including the expenses of any opinions or “cold comfort” letters required by or
incident to such performance and compliance) and (f) reasonable fees, disbursements and expenses of one counsel for the Manager
retained in connection with any underwritten offering of the Registrable Shares pursuant to a Registration Statement or Prospectus,
as selected by the Manager and reasonably acceptable to the Company (including the expenses of any opinion), and fees, expenses
and disbursements of any other persons, including special experts, retained by the Company in connection with such registration
(collectively, the “Registration Expenses”). To the extent that any Registration Expenses are incurred, assumed or
paid by the Manager or any placement agent therefor or underwriter thereof, the Company shall promptly after receipt of a documented
request therefor reimburse such person for the full amount of the Registration Expenses so incurred, assumed or paid. Notwithstanding
the foregoing, the Manager shall pay all placement agent fees and commissions and underwriting discounts and commissions attributable
to the sale of the Registrable Shares being registered and the fees and disbursements of any counsel or other advisors or experts
retained by the Manager, other than the counsel and experts specifically referred to above.

 

    	11

    	 

    

 

SECTION 7

INDEMNIFICATION

 

7.1 Indemnification by the Company.

 

The Company will indemnify the Manager, each
of its officers, directors and partners, each person controlling the Manager within the meaning of either the Securities Act of
the Exchange Act, each underwriter of public offerings effected pursuant to this Agreement, if any, and each person who controls
any such underwriter within the meaning of either the Securities Act and the Exchange Act against all claims, losses, expenses,
damages and liabilities (or actions, proceedings or settlements with respect thereto) arising out of or based on any untrue statement
(or alleged untrue statement) of a material fact contained in any Registration Statement as originally filed or in any amendment
thereto, or in any preliminary Prospectus or the Prospectus, or in any amendment or supplement thereto or in any Prospectus Supplement,
or based on any omission (or alleged omission) to state therein a material fact required to be stated therein or necessary to make
the statement therein not misleading (in the case of any preliminary Prospectus or the Prospectus or any Prospectus Supplement,
in the light of the circumstances under which they were made), or any violation or alleged violation by the Company of the Securities
Act, the Exchange Act or any state securities law applicable to the Company or any rule or regulation promulgated under the Securities
Act, the Exchange Act or any such state law and relating to action or inaction required of the Company in connection with any such
Registration Statement as originally filed or any amendment thereto, preliminary Prospectus, Prospectus or Prospectus Supplement.
The Company will reimburse the Manager, each of its officers, directors and partners, and each person controlling the Manager,
each such underwriter and each person who controls any such underwriter for any reasonable legal and any other expenses incurred
in connection with investigating, defending or settling any such claim, loss, damage, liability or action; provided, however, that
the indemnity agreement contained in this Section 7.1 shall not apply to amounts paid in settlement of any such claim, loss, damage,
liability or action if such settlement is effected without the consent of the Company (which consent shall not be unreasonably
withheld); and provided further that the Company will not be liable in any such case to the extent that any such claim, loss, damage
or liability arises out of or is based on any untrue statement or omission based upon written information furnished to the Company
by the Manager or underwriter specifically for use therein. The foregoing indemnity agreement with respect to any preliminary Prospectus
shall not inure to the benefit of the Manager or underwriter, or any person controlling the Manager, or underwriter, from whom
the persons asserting any such losses, claims, damages or liabilities purchased shares in the offering, if a copy of the Prospectus
(as then amended or supplemented if the Company shall have furnished any amendments or supplements thereto) was not sent or given
by or on behalf of the Manager or underwriter to such person at or prior to the written confirmation of the sale of the shares
to such person, and if the Prospectus (as so amended or supplemented) would have cured the defect giving rise to such loss, claim,
damage or liability.

 

    	12

    	 

    

 

7.2 Indemnification by the Manager.

 

The Manager will, as to each registration in
which the Manager participates, indemnify the Company, each of its directors and officers, each underwriter and each person who
controls the Company or such underwriter within the meaning of either the Securities Act or the Exchange Act, and the Manager,
each of its officers, directors and partners and each person controlling the Manager, against all claims, losses, expenses, damages
and liabilities (or actions, proceedings or settlements in respect thereof) arising out of or based on any untrue statement (or
alleged untrue statement) of a material fact contained in any Registration Statement as originally filed or in any amendment thereto,
or in any preliminary Prospectus, Prospectus or Prospectus Supplement, or any omission (or alleged omission) to state therein a
material fact required to be stated therein or necessary to make the statements therein not misleading (in the case of any preliminary
Prospectus or the Prospectus or any Prospectus Supplement, in the light of the circumstances under which they were made), and will
reimburse the Company, and each of its directors, officers, partners, underwriters and controlling persons for any reasonable legal
and any other expenses incurred in connection with investigating, defending or settling any such claim, loss, damage, liability
or action, in each case to the extent, but only to the extent, that such untrue statement (or alleged untrue statement) or omission
(or alleged omission) is made in any such Registration Statement as originally filed or any amendment thereto, preliminary Prospectus,
Prospectus or Prospectus Supplement, in reliance upon and in conformity with written information furnished to the Company by the
Manager specifically for use therein; provided, however, that (i) the indemnity agreement contained in this Section 7.2 shall not
apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without
the consent of the Manager (which consent shall not be unreasonably withheld) and (ii) that the total amount for which the Manager
shall be liable under this Section 7.2. shall not in any event exceed the aggregate net proceeds received by the Manager from the
sale of Registrable Shares held by the Manager in such registration.

 

7.3 Indemnification Procedures.

 

Each party entitled to indemnification under
this Section 7 (the “Indemnified Party”) shall give notice to the party required to provide indemnification (the “Indemnifying
Party”) promptly after such Indemnified Party has actual knowledge of any claim as to which indemnity may be sought, and
shall permit the Indemnifying Party to assume the defense of any such claim or any litigation resulting therefrom; provided that
counsel for the Indemnifying Party proposed to conduct the defense of such claim or litigation shall be approved by the Indemnified
Party (whose approval shall not be unreasonably withheld), and the Indemnified Party may participate in such defense at such Indemnified
Party’s election and expense; provided further, that the failure of any Indemnified Party to give notice as provided herein
shall not relieve the Indemnifying Party of its obligations hereunder, unless such failure resulted in prejudice to the Indemnifying
Party; and provided further, that an Indemnified Party (together with all other Indemnified Parties which may be represented without
conflict by one counsel) shall have the right to retain one separate counsel, with the fees and expenses of such counsel to be
paid by the Indemnifying Party, if representation of such Indemnified Party by the counsel retained by the Indemnifying Party would
be inappropriate due to actual or potential differing interests between such Indemnified Party and any other party represented
by counsel for the Indemnifying Party in such proceeding. No Indemnifying Party, in the defense of any such claim or litigation,
shall, except with the consent of each Indemnified Party, consent to entry of any judgment or enter into any settlement which does
not include as an unconditional term thereof the giving by the claimant or plaintiff to all Indemnified Parties of a release from
all liability in respect to such claim or litigation.

 

    	13

    	 

    

 

7.4 Survival; Contribution.

 

(a) The indemnification provided for under this
Agreement shall remain in full force and effect regardless of any investigation made by or on behalf of the Indemnified Party or
any officer, director or controlling person of such Indemnified Party and shall survive the transfer of securities. If the indemnification
provided for in this Section 7 is held by a court of competent jurisdiction to be unavailable to an Indemnified Party with respect
to any losses, claims, damages or liabilities referred to herein, the Indemnifying Party, in lieu of indemnifying such Indemnified
Party hereunder, shall, to the extent permitted by applicable law, contribute to the amount paid or payable by such Indemnified
Party as a result of such loss, claim, damage or liability in such proportion as is appropriate to reflect the relative fault of
the Indemnifying Party on the one hand, and of the Indemnified Party, on the other, in connection with the circumstances that resulted
in such loss, claim, damage or liability, as well as any other relevant equitable considerations. The relative fault of the Indemnifying
Party and of the Indemnified Party shall be determined by a court of law by reference to, among other things, whether the untrue
or alleged untrue statement of a material fact or the omission to state a material fact relates to information supplied by the
Indemnifying Party or by the Indemnified Party and the parties’ relative intent, knowledge, access to information and opportunity
to correct or prevent such statement or omission.

 

(b) Notwithstanding anything in this Section
7 to the contrary, to the extent that the provisions on indemnification and contribution contained in the underwriting agreement
entered into in connection with the underwritten public offering are in conflict with the foregoing provisions, the provisions
of the underwriting agreement shall control.

 

SECTION 8

PARTICIPATION IN UNDERWRITTEN
REGISTRATIONS

 

8.1 No person may participate in any registration
hereunder which is underwritten unless the person (i) agrees to accept the terms of the underwriting agreement as agreed upon by
the Company and the underwriters selected in accordance with this Agreement, and (ii) completes and executes all questionnaires,
powers of attorney, indemnities, underwriting agreements and other documents required under the terms of such underwriting arrangements.

 

    	14

    	 

    

 

SECTION 9

REPORTS UNDER THE SECURITIES
LAWS

 

9.1 With a view to making available to the Manager
the benefits of Rule 144 and any other rule or regulation of the Commission that may at any time permit the Manager to sell shares
of Common Stock to the public without registration, the Company agrees to use its commercially reasonable efforts to:

 

(a) make and keep public information available,
as those terms are understood and defined in Rule 144, at all times subsequent to ninety (90) days after the effective date of
any registration statement covering an underwritten public offering filed under the Securities Act by the Company;

 

(b) file with the Commission in a timely manner
all reports and other documents required of the Company under the Securities Act and the Exchange Act at any time after it is subject
to the reporting requirements thereof; and

 

(c) furnish to the Manager upon request a written
statement by the Company that it has complied with the reporting requirements of Rule 144 (at any time after ninety (90) days after
the effective date of the registration statement filed by the Company), and of the Securities Act and the Exchange Act (at any
time after it has become subject to such reporting requirements), a copy of the most recent annual or quarterly report of the Company,
and such other reports and documents so filed by the Company as may be reasonably requested by the Manager in availing itself of
any rule or regulation of the Commission permitting the selling of any of the securities without registration.

 

SECTION 10

TRANSFER OF REGISTRATION
RIGHTS

 

Provided that the Company is given written notice
by the Manager at the time of any transfer of Registrable Shares by the Manager stating the name and address of the transferee
of such Registrable Shares and identifying the securities with respect to which the rights under this Agreement are being assigned,
the rights of the Manager under Sections 2 and 3 of this Agreement may be assigned to a transferee or assignee who (i) receives
at least 600,000 shares of Common Stock (as adjusted for stock dividends, stock splits, recapitalizations and the like that occur
after the date of this Agreement) or (ii) is a subsidiary, affiliate, parent, general partner, limited partner or retired partner
of the Manager, so long as such transfer of securities is in accordance with the Company’s organizational documents and any
other agreements with the Company regarding transfer of Registrable Shares and all applicable state and federal securities laws
and regulations, and provided further that the transferee or assignee of such rights assumes in writing the obligations of the
Manager under this Agreement. The Company may prohibit the transfer of the Manager’s rights under this Section to any proposed
transferee or assignee who the Company reasonably believes is a competitor of the Company.

 

    	15

    	 

    

 

SECTION 11

INFORMATION FURNISHED BY
THE MANAGER

 

The Manager shall furnish to the Company such
information regarding the Manager and the distribution proposed by the Manager as the Company may reasonably request in writing
and as shall be reasonably required in connection with any registration, offering, qualification or compliance referred to in this
Agreement.

 

SECTION 12

MISCELLANEOUS

 

12.1 Representations.

 

Each of the parties hereto represents that this
Agreement has been duly authorized, executed and delivered by such party and constitutes a legal, valid and binding obligation
of such party, enforceable against it in accordance with the terms of this Agreement, except (i) as limited by applicable bankruptcy,
insolvency, reorganization, moratorium, and other laws of general application affecting enforcement of creditors’ rights
generally, (ii) as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable
remedies and (iii) to the extent that the indemnification provisions contained in this Agreement may be limited by applicable laws.

 

12.2 Expenses.

 

Except as provided in Section 6, the Company
and the Manager shall each bear their own expenses incurred with respect to this Agreement.

 

12.3 Notices.

 

All notices and other communications required
or permitted under this Agreement shall be deemed to have been duly given and made if in writing and if served by personal delivery
to the party for whom intended, by facsimile transmission, by telegram or telex or by registered or certified mail (postage prepaid,
return receipt requested), sent to the following addresses (or such other address for a party as shall be specified by like notice):

 

(a) If to the Company:

 

Macquarie Infrastructure Corporation

125 West 55th Street

New York, New York 10019

Facsimile: (212) 231-1828

Attention: Michael Kernan

 

    	16

    	 

    

 

(b) If to the Manager:

 

Macquarie Infrastructure Management (USA) Inc.

125 West 55th Street

New York, New York 10019

Facsimile: (212) 231-1000

Attention: Jay Davis

 

12.4 Waiver.

 

No delay on the part of any party hereto with
respect to the exercise of any right, power, privilege or remedy under this Agreement shall operate as a waiver thereof, nor shall
any exercise or partial exercise of any such right, power, privilege or remedy preclude any further exercise thereof or the exercise
of any other right, power, privilege or remedy. No modification or waiver by either party hereto of any provision of this Agreement,
or consent to any departure by the other party therefrom, shall be effective in any event unless in writing as set forth in Section
12.12 hereof, and then only in the specific instance and for the purpose for which given. Notwithstanding the foregoing, each party
hereto shall have the right to waive compliance by the other party with any of the provisions hereof, or to modify such provisions
to a less restrictive obligation of the other party on such terms as such party shall determine, with or without prior notice to
the other party.

 

12.5 Remedies.

 

The rights, powers, privileges and remedies
hereunder are cumulative and not exclusive of any other right, power, privilege or remedy the parties hereto would otherwise have.

 

12.6 Entire Agreement.

 

This Agreement constitutes the entire agreement
and understanding between the Manager and the Company, and supersedes all prior agreements and understandings relating to the subject
matter hereof.

 

12.7 Governing Law.

 

This Agreement shall be governed by and construed
in accordance with the laws of the State of New York.

 

12.8 Counterparts.

 

This Agreement may be executed in counterparts,
each of which shall be deemed an original but all of which together shall constitute one and the same instrument. The execution
and delivery of this Agreement by facsimile shall have the same force and effect as delivery of original signatures and each party
may use such facsimile signatures as evidence of the execution and delivery of this Agreement by all parties to the same extent
that an original signature could be used.

 

    	17

    	 

    

 

12.9 Severability.

 

Any provision of this Agreement which is prohibited
or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability
without invalidating the remaining provisions of this Agreement or affecting the validity or enforceability of such provision in
any other jurisdiction.

 

12.10 Headings.

 

The various headings of this Agreement are inserted
for convenience only and shall not affect the meaning or interpretation of this Agreement or any provisions hereof.

 

12.11 Amendment and Waiver.

 

Except as otherwise provided herein, no modification,
amendment or waiver of any provision of this Agreement will be effective unless such modification, amendment or waiver is approved
in writing by the Company and the Manager and any such amendment, waiver, discharge or termination shall be binding on the Company
and the Manager. Any term of this Agreement may be amended and the observance of any term of this Agreement may be waived (either
generally or in a particular instance and either retroactively or prospectively) only with the written consent of the Company and
the written consent of the Manager. Any amendment or waiver effected in accordance with this Section 12.11 shall be binding upon
the Company and the Manager, and each of their respective successors and permitted assigns.

 

12.12 Succession and Assignment.

 

Except as otherwise expressly provided herein,
the provisions hereof shall inure to the benefit of, and be binding upon, the successors, permitted assigns, heirs, executors and
administrators of the parties hereto. Except as otherwise expressly provided to the contrary, the provisions of this Agreement
and the rights and obligations of the parties hereunder shall inure to the benefit of, and be binding upon, the Company and its
successors and assigns and be binding upon the Manager and each of the Manager’s legal representatives, heirs, legatees,
distributees, permitted assigns and transferees by operation of law, whether or not any such person has become a party to this
Agreement or has agreed in writing to join herein and to be bound by the terms, conditions and restrictions hereof, and shall not
otherwise be for the benefit of any third party.

 

12.13 Information Confidential.

 

Each party hereto acknowledges that the information
received pursuant hereto may be confidential and for its use only, and it will not use such confidential information in violation
of the Exchange Act or reproduce, disclose or disseminate such information to any other person (other than its employees or agents
having a need to know the contents of such information and its attorneys), except in connection with the exercise of rights under
this Agreement, unless such information is available to the public generally or such party is required by a governmental body to
disclose such information.

 

    	18

    	 

    

 

12.14 Right to Enforcement.

 

The Manager shall have the right to directly
enforce the agreements made hereunder by the Company, to the extent it deems such enforcement necessary or advisable to protect
its rights.

 

    	19

    	 

    

 

IN WITNESS WHEREOF, the parties hereto have
each executed this Registration Rights Agreement as of the date first written above.

 

	 	THE COMPANY:	 
	 	 	 
	 	MACQUARIE INFRASTRUCTURE CORPORATION	 
	 	 	 
	 	 	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	 	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	THE MANAGER:	 
	 	 	 
	 	MACQUARIE INFRASTRUCTURE MANAGEMENT	 
	 	(USA) INC.	 
	 	 	 
	 	 	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	 	 
	 	Name:	 
	 	Title:	 

 

    	20

    	 

    

 

SCHEDULE 1

 

FORM OF NOTICE AND QUESTIONNAIRE

 

SHARES OF COMMON STOCK OF

MACQUARIE INFRASTRUCTURE
CORPORATION

 

Macquarie Infrastructure Management (USA) Inc.
(the “Manager”), beneficial holder of [_______] shares of beneficial interest (the “Registrable Shares”)
of Macquarie Infrastructure Corporation (the “Company”) hereby requests that the Company file with the Securities and
Exchange Commission (the “Commission”) a [prospectus supplement (the “Prospectus Supplement”) relating
to a proposed public offering by the Manager pursuant to the Company’s registration statement on Form S-3][shelf registration
statement (the “Shelf Registration Statement”)] for the registration and resale under Rule 415 of the Securities Act
of 1933, as amended (the “Securities Act”), of [●] of the Manager’s Registrable Securities. This notice
is being made pursuant to the Manager’s rights under Section 2 of the Amended and Restated Registration Rights Agreement,
dated [●], 2015 (the “Registration Rights Agreement”). [The proposed offering shall be an underwritten public
offering.] All capitalized terms not otherwise defined herein shall have the meanings ascribed thereto in the Registration Rights
Agreement.

 

The Manager, as a beneficial owner of Registrable
Shares, is entitled to the benefits of the Registration Rights Agreement. In order to sell or otherwise dispose of any Registrable
Shares pursuant to the [Prospectus Supplement][Shelf Registration Statement], the Manager generally will be required to be named
as a selling security holder in the [Prospectus Supplement][related Prospectus] and to deliver [the Prospectus Supplement][a Prospectus]
to purchasers of Registrable Shares. If the Manager does not complete this Notice and Questionnaire and deliver it to the Company
as provided below, the Manager will not be named as a selling security holder in the [Prospectus Supplement][Prospectus] and therefore
will not be permitted to sell any Registrable Shares pursuant to the [Prospectus Supplement][Shelf Registration Statement]. Upon
receipt of a completed Notice and Questionnaire from the Manager, following the effectiveness of any Shelf Registration Statement,
if applicable, the Company will, as promptly as practicable but in any event within five Business Days of such receipt, file such
[Prospectus Supplement][amendments to the Shelf Registration Statement or supplements to the related Prospectus] as are necessary
to permit the Manager to deliver such [Prospectus Supplement][Prospectus] to purchasers of Registrable Shares.

 

Certain legal consequences arise from being
named as a selling security holder in the [Prospectus Supplement][Shelf Registration Statement and the related Prospectus]. Accordingly,
the Manager, as a holder and beneficial owner of Registrable Shares, is advised to consult its own securities law counsel regarding
the consequences of being named or not being named as a selling security holder in the [Prospectus Supplement][Shelf Registration
Statement and the related Prospectus].

 

    	21

    	 

    

 

NOTICE

 

The Manager hereby gives notice to the Company
of its intention to sell or otherwise dispose of Registrable Shares beneficially owned by it and listed below in Item 3 (unless
otherwise specified under Item 3) pursuant to the [Prospectus Supplement][Shelf Registration Statement]. The Manager, by signing
and returning this Notice and Questionnaire, understands that it will be bound by the terms and conditions of this Notice and Questionnaire
and the Registration Rights Agreement.

 

Pursuant to the Registration Rights Agreement,
the Manager has agreed to indemnify and hold harmless the Company’s directors and officers and each person, if any, who controls
the Company within the meaning of either the Securities Act or the Securities Exchange Act of 1934, as amended (the “Exchange
Act”), from and against certain losses arising in connection with statements concerning the undersigned made in the [Prospectus
Supplement][Shelf Registration Statement or the related Prospectus] in reliance upon the information provided in this Notice and
Questionnaire.

 

QUESTIONNAIRE

 

COMPLETED AND EXECUTED NOTICE AND QUESTIONNAIRE
SHOULD BE

RETURNED TO THE COMPANY AS FOLLOWS:

 

1 COPY BY FACSIMILE TO [________], FAX: [________]

 

WITH THE ORIGINAL COPY TO FOLLOW TO:

 

MACQUARIE INFRASTRUCTURE CORPORATION AT:

125 West 55th Street

New York, New York 10019

Attention: Jay Davis

 

The undersigned hereby provides the following information to the
Company and represents and warrants that such information is accurate and complete.

 

		1.	Full legal name of the Manager, as a selling security holder:

 

Macquarie Infrastructure Management
(USA) Inc.

 

(a)   Full legal name of The
Depository Trust Company Participant (if applicable) through which Registrable Shares listed in (3) below are held:

 

	Name:	 
	 	 
	DTC No.: 	 
	 	 
	Contact Person: 	 
	 	 
	Telephone No.: 	 

 

    	22

    	 

    

 

(b)   Are you a broker-dealer
registered pursuant to Section 15 of the Exchange Act?

 

	 	 

 

(c)   If your response to Item
1(b) above is no, are you an “affiliate” of a broker-dealer registered pursuant to Section 15 of the Exchange Act?

 

	 	 

 

For the purposes of this Item 1(c), an “affiliate”
of a registered broker-dealer shall include any company that directly, or indirectly through one or more intermediaries, controls,
or is controlled by, or is under common control with, such broker-dealer, and does not include any individuals employed by such
broker-dealer or its affiliates.

 

		2.	Address for notices to Manager:

 

[●]

 

Telephone, including area code: [________]

 

Fax, including area code: [●]

 

Contact Person:

 

		3.	Beneficial ownership of Registrable Shares:

 

(a)   Number of Registrable
Shares beneficially owned:

 

_____ shares of beneficial interest
of Macquarie Infrastructure Corporation

 

(b)   CUSIP No(s).
of such Registrable Shares beneficially owned:

 

	 
	 

 

		4.	Beneficial Ownership of the Company’s securities (other than Registrable Securities) owned by the Manager:

 

EXCEPT AS SET FORTH BELOW IN THIS ITEM (4), THE UNDERSIGNED
IS NOT THE BENEFICIAL OR REGISTERED OWNER OF ANY SHARES OF COMMON STOCK OTHER THAN THE REGISTRABLE SHARES LISTED ABOVE IN ITEM
(3).

 

    	23

    	 

    

 

(a)   Type and Amount
of other shares of Common Stock beneficially owned by the Manager:

 

	 
	 

 

(b)   CUSIP No(s).
of such other shares of Common Stock beneficially owned:

 

	 
	 

 

		5.	Nature of Beneficial Ownership:

 

(a)   Full legal name of Manager’s
controlling stockholders who have sole or shared voting or dispositive power over the Registrable Shares:

 

	 

 

(b)   Business address (including
street address)(or residence if no business address), telephone number and facsimile number of such person(s):

 

	Address: 	 

	 
	 

 

	Telephone: 	 
	 	 
	Fax: 	 

 

		6.	Plan of Distribution:

 

Except as set forth below, the Manager (including its
donees or pledgees) intends to distribute the Registrable Shares listed above in Item (3) pursuant to the [Prospectus Supplement][Shelf
Registration Statement] only as follows (if at all): Such Registrable Shares may be sold from time to time directly by the Manager
or alternatively through underwriters or broker-dealers or agents. If the Registrable Shares are sold through underwriters or broker-dealers,
the Manager will be responsible for underwriting discounts or commissions or agents’ commissions. Such Registrable Shares
may be sold in one or more transactions at fixed prices, at prevailing market prices at the time of sale, at varying prices determined
at the time of sale, or at negotiated prices. Such sales may be effected in transactions (which may involve block transactions)
(i) on any national securities exchange or quotation service on which the Registrable Shares may be listed or quoted at the time
of sale, (ii) in the over-the-counter market, (iii) in transactions otherwise than on such exchanges or services or in the over-the-counter
market or (iv) through the writing of options. In connection with sales of the Registrable Shares or otherwise, the undersigned
may enter into hedging transactions with broker-dealers, which may in turn engage in short sales of the Registrable Shares, and
deliver Registrable Shares to close out such short positions, or loan or pledge Registrable Shares to broker-dealers that in turn
may sell such securities.

 

    	24

    	 

    

 

State any exceptions here:

 

	 
	 
	 

 

Note: In no event will such method(s) of distribution
take the form of an underwritten offering of the Registrable Shares without the prior agreement of the Company.

 

The Manager acknowledges that it understands its obligation
to comply with the provisions of the Exchange Act, and the rules thereunder relating to stock manipulation, particularly Regulation
M thereunder (or any successor rules or regulations), and the provisions of the Securities Act relating to Prospectus delivery,
in connection with any offering of Registrable Shares pursuant to the [Prospectus Supplement][Shelf Registration Statement]. The
Manager agrees that neither it nor any person acting on its behalf will engage in any transaction in violation of such provisions.

 

The Manager hereby acknowledges its obligations under
the Registration Rights Agreement to indemnify and hold harmless certain persons set forth therein.

 

Pursuant to the Registration Rights Agreement, the Company
has agreed under certain circumstances to indemnify the Manager against certain liabilities.

 

In accordance with the Manager’s obligation under
the Registration Rights Agreement to provide such information as may be required by law for inclusion in a [Prospectus Supplement][Shelf
Registration Statement], the Manager agrees to promptly notify the Company of any inaccuracies or changes in the information provided
herein that may occur subsequent to the date hereof at any time [prior to the consummation of the offering pursuant to the Prospectus
Supplement][while the Shelf Registration Statement remains effective]. All notices to the Manager hereunder and pursuant to the
Registration Rights Agreement shall be made in writing to the Manager at the address set forth in Item 1(a) of this Notice and
Questionnaire.

 

By signing below, the Manager acknowledges that it is
the beneficial owner of the Registrable Shares set forth herein, represents that the information herein is accurate and consents
to the disclosure of the information contained herein in its answers to Items (1) through (6) above and the inclusion of such information
in the [Prospectus Supplement][Shelf Registration Statement and the related Prospectus]. The undersigned understands that such
information will be relied upon by the Company in connection with the preparation or amendment of the [Prospectus Supplement][Shelf
Registration Statement and the related Prospectus].

 

    	25

    	 

    

 

Once this Notice and Questionnaire is executed by the
undersigned beneficial owner and received by the Company, the terms of this Notice and Questionnaire, and the representations and
warranties contained herein, shall be binding on, shall inure to the benefit of and shall be enforceable by the respective successors,
heirs, personal representatives and assigns of the Company and the Manager. This Agreement shall be governed in all respects by
the laws of the State of New York.

 

IN WITNESS WHEREOF, the Manager, by authority duly given,
has caused this Notice and Questionnaire to be executed and delivered either in person or by its duly authorized agent.

 

	 	THE MANAGER:
	 	 
	 	MACQUARIE INFRASTRUCTURE MANAGEMENT
	 	(USA) INC.
	 	 
	 	 
	 	Name:
	 	Title:
	 	 
	 	 
	 	Name:
	 	Title:
	 	 
	 	Dated:

 

    	26EX-10.1

 Exhibit 10.1 

H.J. HEINZ HOLDING CORPORATION 

2013 OMNIBUS INCENTIVE PLAN 

Section 1 Purpose. The purpose of the H.J. Heinz Holding Corporation 2013 Omnibus Incentive Plan is to enhance the
incentive of those Persons who are expected to contribute significantly to the success of the Company and its Subsidiaries to perform at the highest level, and, in general, to further the best interests of the Company and its shareholders. 

Section 2 Definitions. 

As used in the Plan, the following terms shall have the meanings set forth below: 

(a) “3G” shall mean 3G Special Situations Fund III, L.P. and its Affiliates. 

(b) “Act” shall mean the Securities Exchange Act of 1934, as amended. Reference to a specific section of the Act or
regulation thereunder shall include such section or regulation, any valid regulation or interpretation promulgated under such section, and any comparable provision of any future legislation or regulation amending, supplementing or superseding such
section or regulation. 
 (c) “Affiliate” of any particular Person means any other Person controlling, controlled by or
under common control with such particular Person, where “control” means the possession, directly or indirectly, of the power to direct the management and policies of a Person whether through the ownership of voting securities, contract or
otherwise (provided that the Company or any of its Subsidiaries shall not be deemed an Affiliate of any shareholder). 
 (d)
“Award” shall mean any Option, Stock Appreciation Right, award of Restricted Stock, Restricted Stock Unit, annual or long-term Performance Award, Investment Rights or Other Award granted under the Plan, which may be denominated or
settled in Shares, cash or in such other forms as provided for herein. All Awards shall be granted pursuant to an Award Agreement. 
 (e)
“Award Agreement” shall mean the agreement (whether in written or electronic form) or other instrument or document evidencing any Award granted under the Plan. 

(f) “Award Stock” means, for any Participant, any Shares issued to such Participant upon exercise of any Award, or in
furtherance of any Award, granted hereunder. For all purposes of this Plan, Award Stock will continue to be Award Stock in the hands of any holder (including any permitted Transferee) other than a Participant (except for the Company and purchasers
pursuant to a public offering), and each such other holder of Award Stock will succeed to all rights and obligations attributable to such Participant as a holder of Award Stock hereunder. Award Stock will also include shares of the Company’s
capital stock issued with respect to shares of Award Stock by way of a stock split, stock dividend, recapitalization or other adjustment, as applicable. 

 (g) “Beneficiary” shall mean a person or persons entitled to receive payments or
other benefits or exercise rights that are available under the Plan in the event of the Participant’s death. If no such person is named by a Participant, such individual’s Beneficiary shall be the individual’s estate. 

(h) “Berkshire” shall mean Berkshire Hathaway, Inc. and its Affiliates. 

(i) “Board” shall mean the board of directors of the Company. 

(j) “Cause” shall mean, for any Participant, the meaning given to such term in an Employment Agreement, or in the absence of
an Employment Agreement (or if an Employment Agreement does not define such term or a similar term) it shall mean with respect to such Participant any of the following, (i) the continued failure of such Participant to perform any portion of his
or her duties, (ii) intentional misconduct by such Participant which is or is likely to be injurious to the Company or any of its Subsidiaries, monetarily or otherwise, (iii) such Participant’s indictment for, or conviction of, a
felony (including a plea of nolo contendere), (iv) such Participant’s negligent performance of his or her duties, (v) any material breach by such Participant of the terms of this Plan, an Award Agreement, an Employment
Agreement or any other agreement with the Company or any of its Subsidiaries to which such Participant is a party, (vi) a violation of the Company’s written policies regarding ethical business practices or any other serious violation of
any written policy of the Company or any of its Subsidiaries; provided that in all instances “Cause” shall include a Participant’s resignation in circumstances where Cause (as defined herein or if applicable, in an Employment
Agreement) exists. 
 (k) “Code” shall mean the Internal Revenue Code of 1986, as amended from time to time. Any reference
to any section of the Code shall also be a reference to any successor provision and any treasury regulation promulgated thereunder. 
 (l)
“Committee” shall mean the Compensation Committee of the Board, if there shall be one, or such other committee as may be designated by the Board. If the Board does not designate the Committee, references to the “Committee”
shall refer to the Board. 
 (m) “Company” shall mean H.J. Heinz Holding Corporation, a Delaware corporation. 

(n) “Company Sale” shall mean the occurrence of any of the following events in any transaction or a series of related
transactions: (a) greater than fifty percent (50%) of the outstanding Shares (measured by the right to share in dividends and payment upon liquidation) (i) shall have been acquired or otherwise become beneficially owned, directly or
indirectly, by any Person or Persons who are not Berkshire or 3G or (ii) are controlled by any Person or Persons who are not Berkshire or 3G who are acting as a partnership, limited partnership, syndicate or other group, entity or association
acting in concert for the purpose of voting, acquiring, holding or disposing of Shares, or (b) (i) a merger, amalgamation, business combination or consolidation of the Company with or into another corporation, other than a merger,
amalgamation, business combination or consolidation in which the holders of Shares or any of their respective Affiliates 

 
immediately prior to such transaction as a class directly or indirectly hold immediately after the transaction a majority of all outstanding voting power of the entity resulting from the merger,
amalgamation, business combination or consolidation; (ii) a statutory exchange, exchange offer, tender offer or other purchase of outstanding Shares for cash, securities or other property, other than a statutory exchange, exchange offer, tender
offer or other purchase in which the holders of Shares or any of their respective Affiliates immediately prior to such transaction as a class directly or indirectly hold immediately after the transaction a majority of all outstanding voting power of
the entity with which the Shares are being exchanged or to which the Shares are being tendered or sold; or (iii) the sale or other disposition of more than eighty percent (80%) of the consolidated assets of the Company and its Subsidiaries
(based on the net book value of the consolidated assets of the Company and its Subsidiaries in the most recent audited financial statements of the Company), in one transaction or a series of transactions, other than a sale or disposition in which
the holders of Shares or any of their respective Affiliates immediately prior to such transaction as a class directly or indirectly hold immediately after the transaction a majority of all outstanding voting power of the entity to which such assets
of the Company and its Subsidiaries are sold. 
 (o) “Dividend Equivalent” shall mean a right, granted to a Participant
under the Plan, to receive cash, Shares, other Awards or other property equal in value to dividends paid with respect to Shares. 
 (p)
“Effective Date” shall mean October 15, 2013, the date this Plan was approved by the Board. 
 (q) “Employment
Agreement” shall mean any employment or consulting agreement or offer, promotion or confirmation letter with the Company or one of its Subsidiaries entered into after the Effective Date. 

(r) “Fair Market Value” shall mean, as of the applicable date of determination, with respect to Shares, the fair market value
of a Share, as determined by the Committee, in good faith, based on such factors as the Committee deems appropriate; provided that, following an IPO, the fair market value of a Share shall be the closing price of a Share on the date in
question (or, if there is no reported sale on such date, on the last preceding date on which any reported sale occurred) on the principal stock exchange on which the Shares trade or are quoted. With respect to any property other than Shares, the
fair market value of such property shall be determined by such methods or procedures as shall be established in good faith from time to time by the Committee. 

(s) “Heinz Holdcos” shall mean Hawk Acquisition Intermediate Corporation I and Hawk Acquisition Intermediate Corporation II
(each a “Heinz Holdco”). 
 (t) “HNZ” shall mean H.J. Heinz Company, a Pennsylvania corporation and an
indirectly wholly owned Subsidiary of the Company, or any successor thereto. 

 (u) “Incentive Stock Option” shall mean an option representing the right to
purchase Shares from the Company, granted under and in accordance with the terms of Section 6, that meets the requirements of Section 422 of the Code, or any successor provision thereto. 

(v) “Initial Public Offering” shall mean an initial public offering of shares of the Company’s common stock registered
under the Securities Act, whether directly through the issuance or sale of securities or indirectly through a merger with a listed company or otherwise. 

(w) “Investment Rights Notice” shall mean the document(s) provided to a Participant evidencing an Award of Investment Rights
to such Participant and setting forth the terms and conditions thereof, including the number Shares covered by such award, the per Share and aggregate purchase price for such Shares and the period during which the Participant may exercise the right
to purchase such Shares. 
 (x) “Investment Rights” shall mean an Award granted pursuant to Section 10 of the
Plan. 
 (y) “Lock-Up Period” shall mean, except as provided otherwise in the applicable Award Agreement, such period as
the applicable underwriters may specify before or following the effective date of any registration statement filed by the Company in connection with an underwritten public offering of any capital stock of the Company, during which no Participants
shall be permitted to Transfer Shares. 
 (z) “Non-Qualified Stock Option” shall mean an option representing the right to
purchase Shares from the Company, granted under and in accordance with the terms of Section 6, that is not an Incentive Stock Option. 

(aa) “Option” shall mean an Incentive Stock Option or a Non-Qualified Stock Option. 

(bb) “Original Value” means for each Share of Award Stock which is originally issued in furtherance of any Award hereunder,
the exercise price paid by the Participant for such share of Award Stock (if applicable) as proportionally adjusted for all stock splits, stock dividends, and other recapitalizations affecting the Award Stock subsequent to the Effective Date. 

(cc) “Other Award” shall mean an Award granted pursuant to Section 11 of the Plan. 

(dd) “Participant” shall mean the recipient of an Award granted under the Plan. 

(ee) “Performance Award” shall mean an Award granted pursuant to Section 9 of the Plan. 

(ff) “Performance Period” shall mean the period established by the Committee at the time any Performance Award is granted or
at any time thereafter during which any performance goals specified by the Committee with respect to such Award are measured. 
 (gg)
“Person” shall mean an individual, partnership, limited liability company, corporation, trust, association, estate, unincorporated organization, a government or any 

 
agency or political subdivision thereof or other entity of whatever nature, and shall include any successor (by merger or otherwise) of such entity. 

(hh) “Plan” shall mean this H.J. Heinz Holding Corporation 2013 Omnibus Incentive Plan, as the same may be amended from time
to time. 
 (ii) “Restricted Stock” shall mean any Share with the restriction that the holder may not sell, transfer,
pledge, or assign such Share or with such risks of forfeiture or other restrictions as the Committee, in its sole discretion may impose, granted under Section 8. 

(jj) “Restricted Stock Unit” shall mean a contractual right granted under Section 8 that is denominated in
Shares. Each Unit represents a right to receive one Share or the value of one Share upon the terms and conditions set forth in the Plan and the applicable Award Agreement. 

(kk) “SAR” or “Stock Appreciation Right” shall mean any right granted to a Participant pursuant to
Section 7 to receive, upon exercise by the Participant, the excess of (i) the Fair Market Value of a Share on the date of exercise or at any time during a specified period before the date of exercise over (ii) the grant price
of the right on the date of grant, or if granted in connection with an outstanding Option on the date of grant of the related Option, as specified by the Committee in its sole discretion, which, except in the case of Substitute Awards or in
connection with an adjustment provided in Section 5(d), shall not be less than the Fair Market Value of a Share on such date of grant of the right or the related Option, as the case may be. 

(ll) “Securities Act” means the Securities Act of 1933, as amended and all rules and regulations promulgated thereunder.
Reference to a specific section of the Securities Act or regulation thereunder shall include such section or regulation, any valid regulation or interpretation promulgated under such section, and any comparable provision of any future legislation or
regulation amending, supplementing or superseding such section or regulation. 
 (mm) “Service” shall mean the
active performance of services for the Company or one of its Subsidiaries by a person who is an employee, director or consultant of the Company or one of its Subsidiaries. Notwithstanding the foregoing, with respect to any Award that is
characterized as “nonqualified deferred compensation” within the meaning of Section 409A of the Code, an event shall not be considered to be a termination of “Service” under the Plan for purposes of payment of such Award
unless such event is also a “separation from service” within the meaning of Section 409A of the Code. 
 (nn)
“Shareholders’ Agreement” shall mean that certain Shareholders’ Agreement entered into as of June 7, 2013 by and among the Company, 3G Special Situations Fund III, L.P. and Berkshire Hathaway, Inc. as may be amended
from time to time. 
 (oo) “Shares” shall mean whole shares of the common stock of the Company. 

(pp) “Subsidiary” shall mean any entity of which equity interests representing at least 50% of the ordinary voting power is
owned, directly or indirectly, by the Company; provided that, 

 
unless otherwise determined by the Committee, the Shares subject to any Options or SAR that are granted to a service provider of a Company Subsidiary constitute “service recipient
stock” for purposes of Section 409A of the Code or otherwise does not subject the Award to the excise tax under Section 409A of the Code. 

(qq) “Substitute Awards” shall mean Awards granted in assumption of, or in substitution for, outstanding awards previously
granted by a company acquired by the Company or with which the Company combines. 
 (rr) “Transfer” shall mean any direct
or indirect transfer, sale, exchange, assignment, pledge, hypothecation, gift, testamentary transfer or other encumbrance or other disposition of any interest, including the grant of an option or other right in respect of such interest, whether
directly or indirectly, whether voluntarily, involuntarily or by operation of law; and “Transferred”, “Transferee” and “Transferability” shall each have a correlative meaning. 

Section 3 Eligibility. 

(a) Any employee, director, consultant or other advisor of, or any other Person who provides services to, the Company or any of its
Subsidiaries, shall be eligible to be selected to receive an Award under the Plan. 
 (b) A Person who has agreed to accept employment by
the Company or its Subsidiaries, as the case may be, or otherwise perform services for the Company or its Subsidiaries, as the case may be, shall be deemed to be eligible for Awards hereunder as of the date of such acceptance. 

(c) Holders of options and other types of awards granted by a company acquired by the Company or with which the Company combines are eligible
for grants of Substitute Awards hereunder. 
 Section 4 Administration. 

(a) The Plan shall be administered by the Committee. The Committee shall be appointed by the Board and shall consist of not less than one
director. Unless the Committee consists of the full Board, the Board may designate one or more directors as alternate members of the Committee who may replace any absent or disqualified member at any meeting of the Committee. The Committee may issue
rules and regulations for administration of the Plan and will meet at such times and places as it may determine. 
 (b) Subject to the terms
of the Plan and applicable law, the Committee (or its delegate) shall have full power and authority to: (i) designate Participants; (ii) determine the type or types of Awards (including Substitute Awards) to be granted to any Participant
under the Plan; (iii) determine the number of Shares to be covered by (or with respect to which payments, rights, or other matters are to be calculated in connection with) Awards; (iv) determine the terms and conditions of any Award,
including, without limitation, any restrictions that the Committee, in its sole discretion, may impose (including any restriction on the right to vote a Share, the right to 

 
receive any dividends or Dividend Equivalent, the right to Transfer Awards or Shares or other rights), which restrictions may lapse separately or in combination at such time or times, in
installments or otherwise, as the Committee may deem appropriate; (v) determine whether, to what extent, and under what circumstances Awards may be settled or exercised in cash, Shares, other securities, or other Awards, or canceled, forfeited
or suspended, and the method or methods by which Awards may be settled, exercised, canceled, forfeited or suspended; (vi) determine whether, and to what extent, the Company has offset rights with respect to an award, (vii) determine the
Company’s rights to repurchase Shares covered by an Award; (viii) determine whether, to what extent, and under what circumstances cash, Shares, other securities, other Awards, and other amounts payable with respect to an Award under the
Plan shall be deferred either automatically or at the election of the holder thereof or of the Committee; (ix) interpret and administer the Plan and any instrument or agreement relating to, or Award made under, the Plan; (x) establish,
amend, suspend or waive such rules and regulations and appoint such agents as it shall deem appropriate for the proper administration of the Plan; and (xi) make any other determination and take any other action that the Committee deems
necessary or desirable for the administration of the Plan. 
 (c) All decisions of the Committee shall be final, conclusive and binding upon
all parties, including the Company, the shareholders and the Participants. 
 (d) As a condition to the exercise of any Option or Investment
Right, or the settlement of any other Award by the delivery of any Shares, the Participant shall enter into a joinder to the Shareholders’ Agreement with respect to the Shares to be purchased upon such exercise or otherwise received upon
settlement of any Award, which shall generally provide, among other things, for restrictions on the Transfer of the Shares purchased or otherwise received upon settlement of any Award and the right of the Company and certain other shareholders to
purchase such Shares or to require the Participant to sell such Shares upon the occurrence of certain events. 
 (e) Notwithstanding any
other provision hereof or of any Award Agreement, in the event of any inconsistency in the terms or provisions of the Plan and any corresponding Award Agreement, the Plan shall control. Further, in the event of any inconsistency in (i) the
terms or provisions of the Plan or any corresponding Award Agreement and (ii) the terms or provisions of the Shareholders’ Agreement entered into by the Participant, the terms of such Shareholders’ Agreement shall control.
Notwithstanding anything set forth in this Section 4 to the contrary, the Committee (and decisions by the Committee) shall be subject to the terms and conditions set forth in the Shareholders’ Agreement, including the approval
rights set forth in Section 2 of the Shareholders’ Agreement. 
 (f) Any stock certificates representing Shares issued under the
Plan shall bear such legends as the Committee shall determine are necessary or appropriate, including the following, if and to the extent applicable: 

 THE VOTING OF THE SHARES OF STOCK REPRESENTED BY THIS CERTIFICATE, THE SALE, ENCUMBRANCE OR OTHER
DISPOSITION THEREOF AND CERTAIN OTHER TERMS AND CONDITIONS (INCLUDING FORFEITURE PROVISIONS AND REPURCHASE RIGHTS), ARE SUBJECT TO (I) THE H.J. HEINZ HOLDING CORPORATION 2013 OMNIBUS INCENTIVE PLAN AND (II) THE PROVISIONS OF A STOCKHOLDERS
AGREEMENT TO WHICH THE COMPANY AND CERTAIN OF ITS STOCKHOLDERS ARE PARTY, A COPY OF WHICH MAY BE INSPECTED AT THE PRINCIPAL OFFICE OF THE COMPANY OR OBTAINED FROM THE COMPANY WITHOUT CHARGE. THE SECURITIES REPRESENTED BY THIS CERTIFICATE WERE ISSUED
IN A PRIVATE PLACEMENT, WITHOUT REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT’), AND MAY NOT BE SOLD, ASSIGNED, PLEDGED OR OTHERWISE TRANSFERRED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION UNDER THE ACT COVERING THE
TRANSFER OR AN OPINION OF COUNSEL, SATISFACTORY TO THE ISSUER, THAT REGISTRATION UNDER THE ACT IS NOT REQUIRED. 
 Section 5
Shares Available for Awards; Anti-Dilution. 
 (a) Subject to adjustment as provided below, the maximum number of Shares
available for issuance under the Plan is 39,600,000 Shares. 
 (b) If, after the effective date of the Plan, any Shares covered by an Award
(other than a Substitute Award), or to which such an Award relates, are forfeited, or if such an Award otherwise terminates without the delivery of Shares or of other consideration, then the Shares covered by such Award, or to which such Award
relates, to the extent of any such forfeiture or termination, shall again be, or shall become, available for issuance under the Plan. 
 (c)
Any Shares delivered pursuant to an Award may consist, in whole or in part, of authorized and unissued Shares or Shares acquired by the Company. 

(d) In the event that any dividend or other distribution (whether in the form of cash, Shares or other securities), recapitalization, stock
split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase or exchange of Shares or other securities of the Company, issuance of warrants or other rights to purchase Shares or other securities of
the Company, or other similar corporate transaction or event affects the Shares or any Award such that an adjustment is determined by the Committee to be required in order to prevent dilution or enlargement of the benefits or potential benefits
intended to be made available under the Plan or any Award, then the Committee may, in such manner as it may deem equitable, adjust any or all of (i) the number and type of Shares (or other securities) which thereafter may be made the subject of
Awards, (ii) the number and type of Shares (or other securities) subject to outstanding Awards, and (iii) the grant, purchase, or exercise price 

 
with respect to any Award or, if deemed appropriate, make provision for a cash payment to the holder of an outstanding Award, in each case in accordance with applicable law, including without
limitation, Section 409A of the Code. 
 (e) Shares underlying Substitute Awards and Shares underlying awards that can only be settled
in cash shall not reduce the number of Shares remaining available for issuance under the Plan. 
 (f) Notwithstanding anything in this
Section 5 to the contrary but subject to adjustment as provided in this Section 5 , the maximum aggregate number of Shares that may be issued under the Plan as a result of the exercise of Incentive Stock Options shall be
39,600,000 Shares. 
 Section 6 Options. 

(a) The Committee is hereby authorized to grant Options to Participants subject to the terms and conditions as the Committee shall determine
not inconsistent with the provisions of the Plan. 
 (b) Subject to Section 6(f) below, the purchase price per Share under an
Option shall be determined by the Committee; provided, however, that, except in the case of Substitute Awards, such purchase price shall not be less than the Fair Market Value of a Share on the date of grant of such Option. 

(c) The term of each Option shall be fixed by the Committee but shall not exceed 10 years from the date of grant thereof. 

(d) The Committee shall determine the time or times at which an Option may be exercised in whole or in part. 

(e) The Committee shall determine the method or methods by which, and the form or forms, including, without limitation, cash, Shares, other
Awards, or any combination thereof, having a Fair Market Value on the exercise date equal to the relevant exercise price, in which, payment of the exercise price with respect thereto may be made or deemed to have been made. 

(f) The terms of any Incentive Stock Option granted under the Plan shall comply in all respects with the provisions of Section 422 of the
Code, or any successor provision thereto, and any regulations promulgated thereunder. 
 Section 7 Stock Appreciation
Rights. 
 (a) The Committee is hereby authorized to grant Stock Appreciation Rights to Participants subject to the terms and
conditions as the Committee shall determine not inconsistent with the provisions of the Plan. 

 (b) SARs may be granted hereunder to Participants either alone (“freestanding”)
or in addition to other Awards granted under the Plan (“tandem”) and may, but need not, relate to specific Options granted under Section 6. 

(c) Any tandem SAR related to an Option may be granted at the same time such Option is granted or at any time thereafter before exercise or
expiration of such Option. In the case of any tandem SAR related to any Option, the SAR or applicable portion thereof shall not be exercisable until the related Option or applicable portion thereof is exercisable and shall terminate and no longer be
exercisable upon the termination or exercise of the related Option, except that a SAR granted with respect to less than the number of Shares covered by a related Option shall not be reduced until the exercise or termination of the related Option
exceeds the number of Shares not covered by the SAR. Any Option related to any tandem SAR shall no longer be exercisable to the extent the related SAR has been exercised. 

(d) A freestanding SAR shall not have a term of greater than 10 years and, unless it is a Substitute Award, shall not have an exercise price
less than 100% of the Fair Market Value of the Share on the date of grant. 
 Section 8 Restricted Stock and Restricted Stock
Units. 
 (a) The Committee is hereby authorized to grant Awards of Restricted Stock and Restricted Stock Units to Participants
subject to the terms and conditions as the Committee shall determine not inconsistent with the provisions of the Plan. 
 (b) Any Share of
Restricted Stock granted under the Plan may be evidenced in such manner as the Committee may deem appropriate including, without limitation, book-entry registration or issuance of a stock certificate or certificates. In the event a stock certificate
is issued in respect of shares of Restricted Stock granted under the Plan, such certificate shall be registered in the name of the Participant and shall bear an appropriate legend referring to the terms, conditions, and restrictions applicable to
such Restricted Stock. 
 Section 9 Performance Awards. 

(a) The Committee is hereby authorized to grant Performance Awards to Participants subject to the terms and conditions as the Committee shall
determine not inconsistent with the provisions of the Plan. 
 (b) Performance Awards may be denominated as a cash amount, number of Shares,
or a combination thereof. Performance Awards shall be granted, earned or become exercisable upon achievement or satisfaction of performance conditions specified by the Committee. In addition, the Committee may specify that any other Award shall
constitute a Performance Award by conditioning the right of a Participant to exercise the Award or have it settled, and the timing thereof, upon achievement or satisfaction of such performance conditions as may be specified by the Committee. The
Committee may use such business criteria and other measures of performance as it may deem appropriate in establishing any performance conditions. Subject to 

 
the terms of the Plan, the performance conditions to be achieved during any Performance Period, the length of any Performance Period, the amount of any Performance Award granted and the amount of
any payment or Transfer to be made pursuant to any Performance Award shall be determined by the Committee. If the Committee determines that a change in the business, operations, corporate structure or capital structure of the Company, or the manner
in which the Company conducts its business, or other events or circumstances render the performance conditions unsuitable, the Committee may modify the performance conditions or the related minimum acceptable level of achievement, in whole or in
part, as the Committee deems appropriate and equitable. Performance measures may vary from Performance Award to Performance Award, respectively, and from Participant to Participant, and may be established on a stand-alone basis, in tandem or in the
alternative. 
 Section 10 Investment Rights. 

(a) The Committee is hereby authorized to grant Awards of Investment Rights to Participants subject to the terms and conditions as the
Committee shall determine not inconsistent with the provisions of the Plan. 
 (b) An Award of Investment Rights entitles a Participant to
purchase for cash a stated number of Shares, at a stated purchase price that is not less than the Fair Market Value of a Share on the date of grant of the Award, subject to the conditions referenced in Section 10(c). A Participant shall be
entitled to exercise the right to purchase such Shares during the period specified in the Investment Rights Notice. All Shares purchased by a Participant upon exercise of Investment Rights shall be subject to the terms and conditions of the
Shareholders’ Agreement and the Participant shall, as a condition to such purchase, enter into a joinder to such Shareholders’ Agreement. 

(c) A Participant’s right to exercise Investment Rights covered by an Award granted to such Participant is subject to satisfaction of any
and all of the conditions in the Investment Rights Notice (and any such other conditions as may be specified by the Committee). 

Section 11 Other Awards. The Committee is hereby authorized to grant to Participants such other Awards that may be
denominated or payable in, valued in whole or in part by reference to, or otherwise based on, or related to, cash, Shares, or other property, subject to the terms and conditions as the Committee shall determine not inconsistent with the provisions
of the Plan. 
 Section 12 Dividend Equivalents. The Committee is hereby authorized to grant Dividend Equivalents to
Participants subject to the terms and conditions as the Committee shall determine not inconsistent with the provisions of the Plan. Dividend Equivalents may be awarded on a free-standing basis or in connection with another Award. The Committee may
provide that Dividend Equivalents shall be paid or distributed when accrued or shall be deemed to have been reinvested in additional Shares, Awards, or other investment vehicles, and subject 

 
to such restrictions on transferability and risks of forfeiture, as the Committee may specify. Any such determination by the Committee shall be made at the grant date of the applicable Award.

 Section 13 Effect of Termination of Service on Awards. The Committee may determine or provide in any Award Agreement,
or may determine in any individual case, the circumstances in which Awards shall be exercised, vested, paid or forfeited in the event a Participant ceases to provide Service to the Company or any of its Subsidiaries prior to the end of a performance
period or exercise or settlement of such Award. In the absence of the aforementioned provisions, all Awards shall be forfeited upon a termination of Service. 

Section 14 Repurchases. 

(a) Repurchase Option. Unless otherwise set forth in the Award Agreement between the Company and the Participant, in the event of a
Participant’s termination of Service for any reason or in the event the Participant breaches any non-disclosure, non-competition, non-solicitation, non-disparagement or other restrictive covenant, in each case, applicable to the Participant
through this Plan, an Award Agreement, an Employment Agreement or otherwise (a “Covenant Breach”), all Award Stock issued or issuable to such Participant will be subject to repurchase by the Company (solely at its option), by
delivery of one or more Repurchase Notices (as defined below) within the time periods set forth below, pursuant to the terms and conditions set forth in this Section 14 (the “Repurchase Option”). Unless the Board determines
otherwise in its sole discretion, the Repurchase Option shall terminate upon the occurrence of a Company Sale. 
 (b) Repurchase
Procedures. Pursuant to the Repurchase Option, the Company may elect to exercise the right to purchase all or any portion of the shares of Award Stock issued to a Participant by delivering written notice or notices (each, a “Repurchase
Notice”) to the holder or holders of such Award Stock at any time and from time to time no later than 90 days after the later of (a) date of a Participant’s termination of Service, (b) the date upon which the Company becomes
aware of a Covenant Breach, and (c) the date that is six months plus one day after the acquisition of Award Stock by the Participant; provided that such periods may be tolled in accordance Section 14(g) below. Each Repurchase Notice will
specifically identify the shares of Award Stock to be acquired from such holder(s) and the time and place for the closing of the transaction (each, a “Repurchase Closing”). 

(c) Termination Other than for Cause: Covenant Breach. Unless otherwise specified in an Award Agreement, in the event of a
Participant’s termination of Service for any reason other than a termination for Cause, the Company may elect to purchase all or any portion of the Award Stock issued or issuable to such Participant at a price per share equal to the Fair Market
Value of such Award Stock as of the anticipated date of the Repurchase Closing. Notwithstanding the foregoing, in the event a Participant engages in a Covenant Breach, then 

 
the purchase price per share for repurchases of Award Stock issued or issuable to a Participant shall be the lower of Fair Market Value and Original Value; provided that, if such Covenant Breach
occurs after the Company pays the repurchase price for such Award Stock, then the Company shall be entitled to recover from such Participant any amounts paid in excess of that contemplated by the preceding clause. 

(d) Termination for Cause. Unless otherwise specified in an Award Agreement, in the event of a Participant’s termination of
Service for Cause, the Company may elect to purchase all or any portion of the Award Stock issued or issuable to such Participant at a price per share equal to the lower of the Fair Market Value as of the anticipated date of the Repurchase Closing
and the Original Value thereof. 
 (e) Repurchases of Issuable Award Stock. In the event the Company exercise the Repurchase Option
with respect to any shares of Award Stock issuable upon exercise of any Award held by a Participant, then such Participant shall be required, promptly following receipt of a Repurchase Notice (as defined below), to exercise such Award(s) and
purchase from the Company all Shares of Award Stock for which the Company shall have delivered a Repurchase Notice. 
 (f) Closing of
Repurchase. The closing of the transactions contemplated by this Section 14 will take place on the date designated by the Company in the applicable Repurchase Notice. The Company will pay for the Award Stock to be purchased pursuant to the
Repurchase Option by delivery of a check payable to the holder(s) of Award Stock or a wire transfer of immediately available funds in an amount equal to the aggregate exercise price paid by Participant to acquire such Award Stock (if applicable) and
a subordinated note with respect to any portion of the repurchase price in excess of the amount equal to the aggregate exercise price paid by such Participant to acquire such Award Stock, which note will mature seven years after issuance, bear
interest at the Prime Rate reported in the Wall Street Journal on the day prior to issuance and provide that payment of the note shall be accelerated upon the earliest to occur of a Company Sale and an Initial Public Offering. The Company shall
receive customary representations and warranties from each seller regarding the sale of Award Stock including, but not limited to, the representation that such seller has good and marketable title to the Award Stock to be Transferred free and clear
of all liens, claims and other encumbrances, and will be entitled to require all sellers’ signatures be guaranteed by a national bank or reputable securities broker. In the event that a repurchase is to take place at a price equal to Fair
Market Value, and the Fair Market Value of the Award Stock has increased or decreased from the date on which it is determined to the date of closing pursuant to this Section 14(g), then the repurchase shall be consummated at such higher
or lower price. 
 (g) Restrictions on Repurchase. Notwithstanding anything to the contrary contained in this Agreement, all
repurchases of Award Stock by the Company shall be subject to applicable restrictions contained in Delaware Law (or other applicable state law) and in the 

 
Company’s and its Subsidiaries’ debt and equity financing agreements. If any such restrictions prohibit the repurchase of Award Stock for cash and/or subordinated notes as contemplated
by Section 14(g), and the Company has not elected to acquire all Award Stock which the Company has a right to repurchase pursuant to this Section 14. the time periods provided in this Section 14 shall be suspended, and the
Company may make such repurchases for cash and/or subordinated notes, as applicable, as soon as it is permitted to do so under such restrictions. 

Section 15 Securities Matters. 

(a) The Company shall not be under any obligation to effect the registration pursuant to the Securities Act of any Shares to be issued
hereunder or to effect similar compliance under any state or non-US laws. Notwithstanding anything herein to the contrary, the Company shall not be obligated to cause to be issued or delivered any Shares or any certificates evidencing Shares
pursuant to the Plan unless and until the Company is advised by its counsel that the issuance and delivery of such Shares and certificates is in compliance with all applicable laws, regulations of governmental authority and the requirements of any
securities exchange on which Shares are traded. The Committee may require, as a condition to the issuance and delivery of Shares and/or certificates evidencing Shares pursuant to the terms hereof, that the recipient of such Shares make such
covenants, agreements and representations, and that such certificates bear such legends, as the Committee deems necessary or desirable. 

(b) The exercise of any Award granted hereunder or the issuance of any Shares in settlement of any Awards shall be effective only at such time
as counsel to the Company shall have determined that the issuance and delivery of Shares pursuant to such exercise or other settlement is in compliance with all applicable laws, regulations of governmental authority and the requirements of any
securities exchange on which Shares are traded. The Company may defer the effectiveness of any exercise of an Award or issuance of Shares granted hereunder to allow the issuance of Shares pursuant thereto to be made pursuant to registration or an
exemption from registration or other methods for compliance available under applicable laws. The Company shall inform the Participant in writing of its decision to defer the effectiveness of such exercise of an Award or other settlement in Shares of
an Award granted hereunder. During any period exercise of an Award is deferred, the Participant may, by written notice, withdraw such exercise and obtain the refund of any amount paid with respect thereto. 

Section 16 Limits on Transferability. 

(a) The Transfer of any Award shall be subject to any restrictions imposed by the Committee in the applicable Award Agreement, the
Shareholders’ Agreement, or in any other agreement applicable to the Award. Incentive Stock Options may not be Transferred other than by will or the laws of descent and distribution, and may be exercised during the Participant’s lifetime
only by the Participant. The Transfer of any Shares purchased upon exercise of Options or in settlement of any other Award shall be subject to the restrictions set forth in the Shareholder’s Agreement. 

 (b) Upon an Initial Public Offering, the Board may impose additional restrictions on the Transfer
of Award Stock as determined by the Board in its discretion as long as such restrictions do not exceed one year after such Initial Public Offering. 

Section 17 General Provisions Applicable to Awards. 

(a) Awards may be granted for cash consideration, no cash consideration or for such minimal cash consideration as may be required by applicable
law. 
 (b) Awards may, in the discretion of the Committee, be granted either alone or in addition to or in tandem with any other Award or
any award granted under any other plan of the Company. Awards granted in addition to or in tandem with other Awards, or in addition to or in tandem with awards granted under any other plan of the Company, may be granted either at the same time as or
at a different time from the grant of such other Awards or awards. 
 (c) Payments or Transfers to be made by the Company upon the grant,
exercise or payment of an Award may be made in the form of cash, Shares, other securities or other Awards, or any combination thereof, as determined by the Committee in its discretion at the time of grant, and may be made in a single payment or
Transfer, in installments, or on a deferred basis, in each case in accordance with rules and procedures established by the Committee and in compliance with Section 409A of the Code to the extent applicable. Such rules and procedures may
include, without limitation, provisions for the payment or crediting of reasonable interest on installment or deferred payments or the grant or crediting of Dividend Equivalents in respect of installment or deferred payments. 

(d) A Participant may designate a Beneficiary or change a previous Beneficiary designation at such times prescribed by the Committee by using
forms and following procedures approved or accepted by the Committee for that purpose. If no Beneficiary designated by the Participant is eligible to receive payments or other benefits or exercise rights that are available under the Plan at the
Participant’s death, the Beneficiary shall be the Participant’s estate. 
 (e) All certificates for Shares and/or other securities
delivered under the Plan pursuant to any Award or the exercise thereof shall be subject to such stop transfer orders and other restrictions as the Committee may deem advisable under the Plan or the rules, regulations, and other requirements of the
Securities and Exchange Commission, any stock exchange upon which such Shares or other securities are then listed, and any applicable Federal or state securities laws, and the Committee may cause a legend or legends to be put on any such
certificates to make appropriate reference to such restrictions. 
 (f) Any provision of the Plan or any Award Agreement to the contrary
notwithstanding, the Committee may at any time cause any Award granted hereunder to be canceled in consideration of a cash payment or alternative Award made to the holder of such canceled Award equal in value to the Fair Market Value of such
canceled Award (which value, in the case of Options or Stock Appreciation Rights, shall be measured by the amount, if any, by 

 
which the Fair Market Value of a Share exceeds the exercise price or grant price of the Option or Stock Appreciation Right as of the effective date of the cancellation of the Award; it being
understood that such amount may be zero). 
 Section 18 Company Sale. 

(a) In the event of a Company Sale, then, unless otherwise provided in any Award Agreement or in any Employment Agreement or other written
agreement dated after the Effective Date between the Company or any of its Subsidiaries and a Participant and approved by the Board, the Committee may provide that any outstanding Awards may be treated in accordance with any of the following
approaches, without the requirement of obtaining any consent or agreement of a Participant: (i) the continuation of outstanding Awards by the Company, (ii) the assumption or substitution for, as those terms are defined below, of
outstanding Awards by the surviving entity or its parent or subsidiary, (iii) full exercisability or vesting and accelerated expiration of outstanding Awards, or (iv) settlement of outstanding Awards in cash or cash equivalents or other
property followed by cancellation of such Awards (which, in the case of Options or Stock Appreciation Rights, shall be measured by the amount, if any, by which the Fair Market Value of a Share exceeds the exercise or grant price of the Option or
Stock Appreciation Right as of the effective date of the transaction; it being understood that such amount may be zero). If and to the extent that the approach chosen results in an acceleration or potential acceleration of the exercisability,
vesting or settlement of any Award, the Committee may impose such conditions upon the exercise, vesting and/or settlement of the Award (including without limitation a requirement that some or all of the proceeds from the accelerated portion of the
Award be held in escrow and/or remain subject to risks of forfeiture or other conditions) as it shall determine; provided that those risks of forfeiture or other conditions are made in the good faith judgment of the Committee and do not result in
any violation of Section 409A of the Code. The Committee shall give notice of any proposed transaction referred to in this Section 17(f) prior to the closing date for such transaction (which notice may be given either before or after the
approval of such transaction), in order that Participants may have a reasonable period of time prior to the closing date of such transaction within which to exercise any Awards that are then exercisable (including any Awards that may become
exercisable upon the closing date of such transaction). 
 Section 19 Amendments; Waiver; Termination. 

(a) Except to the extent prohibited by applicable law and unless otherwise expressly provided in an Award Agreement or in the Plan, the Board
may amend, alter, suspend, discontinue, or terminate the Plan or any portion thereof, at any time; provided, however, that no such amendment, alteration, suspension, discontinuation or termination shall be made without the consent of the affected
Participant, if such action would adversely affect the rights of such Participant under any outstanding Award, except to the extent any such amendment, alteration, suspension, discontinuance or termination is made to cause the Plan to comply with
applicable law, stock exchange rules and regulations or accounting or tax rules and regulations. 

 
Notwithstanding anything to the contrary herein, the Committee may amend the Plan, and may adopt such modifications, procedures, and sub-plans, in such manner as may be necessary or desirable to
enable the Plan to achieve its stated purposes in any jurisdiction in a tax-efficient manner and to comply with the provisions of the laws of foreign countries in which the Company or any of its Subsidiaries may operate to assure the viability of
benefits from Awards granted to Participants performing services in such countries. 
 (b) The Committee may waive any conditions or rights
under, amend any terms of, or amend, alter, suspend, discontinue or terminate, any Award theretofore granted, prospectively or retroactively, without the consent of any relevant Participant or holder or beneficiary of an Award, provided,
however, that no such action shall adversely affect the rights of any affected Participant or holder or beneficiary under any Award theretofore granted under the Plan, except to the extent any such action is made to cause the Plan to comply with
applicable law, stock exchange rules and regulations or accounting or tax rules and regulations; and provided further that, except as provided in Section 5(d), no such action shall directly or indirectly, through cancellation and
re-grant or any other method, reduce, or have the effect of reducing, the exercise price of any Award established at the time of grant thereof. 

(c) The Committee shall be authorized to make adjustments in the terms and conditions of, and the criteria included in, Awards in recognition
of events (including, without limitation, the events described in Section 5(d) affecting the Company, or the financial statements of the Company, or of changes in applicable laws, regulations or accounting principles, whenever the
Committee determines that such adjustments are appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan. 

(d) The Committee may correct any defect, supply any omission, or reconcile any inconsistency in the Plan or any Award Agreement in the manner
and to the extent it shall deem desirable to carry the Plan into effect. 
 Section 20 Miscellaneous. 

(a) No employee, Participant or other person shall have any claim to be granted any Award under the Plan, and there is no obligation for
uniformity of treatment of employees, Participants, or holders or beneficiaries of Awards under the Plan. The terms and conditions of Awards need not be the same with respect to each recipient. Any Award granted under the Plan shall be a one-time
Award which does not constitute a promise of future grants. The Company, in its sole discretion, maintains the Right to make available future grants hereunder. 

(b) The Company shall be authorized to withhold from any Award granted or any payment due or Transfer made under any Award or under the Plan
or from any compensation or other amount owing to a Participant the minimum statutory amount (in cash, Shares, other securities or other Awards) of withholding taxes due in respect of an Award, its exercise, or any payment or Transfer under such
Award or under the Plan and to take such other action 

 
(including, without limitation, providing for elective payment of such amounts in cash or Shares by the Participant) as may be necessary in the opinion of the Company to satisfy all obligations
for the payment of such taxes. 
 (c) Nothing contained in the Plan shall prevent the Company from adopting or continuing in effect other or
additional compensation arrangements, and such arrangements may be either generally applicable or applicable only in specific cases. 
 (d)
The grant of an Award shall not be construed as giving a Participant the right to be retained in the employ of, or to continue to provide Service to, the Company or any of its Subsidiaries. Further, the Company or the applicable Subsidiary may at
any time dismiss a Participant, free from any liability, or any claim under the Plan, unless otherwise expressly provided in the Plan or in any Award Agreement or in any other agreement binding the parties. The receipt of any Award under the Plan is
not intended to confer any rights on the receiving Participant except as set forth in such Award Agreement. 
 (e) If any provision of the
Plan or any Award Agreement is or becomes or is deemed to be invalid, illegal, or unenforceable in any jurisdiction, or as to any person or Award, or would disqualify the Plan or any Award under any law deemed applicable by the Committee, such
provision shall be construed or deemed amended to conform to applicable laws, or if it cannot be so construed or deemed amended without, in the determination of the Committee, materially altering the intent of the Plan or the Award, such provision
shall be stricken as to such jurisdiction, person or Award, and the remainder of the Plan and any such Award Agreement shall remain in full force and effect. 

(f) Neither the Plan nor any Award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship
between the Company and a Participant or any other person. To the extent that any person acquires a right to receive payments from the Company pursuant to an Award, such right shall be no greater than the right of any unsecured general creditor of
the Company. 
 Section 21 Term of the Plan. No Award shall be granted under the Plan after the 10th annual anniversary
of the Effective Date. However, unless otherwise expressly provided in the Plan or in an applicable Award Agreement, any Award theretofore granted may extend beyond such date, and the authority of the Committee to amend, alter, adjust, suspend,
discontinue, or terminate any such Award, or to waive any conditions or rights under any such Award, and the authority of the Board to amend the Plan, shall extend beyond such date. 

Section 22 Section 409A of the Code. 

(a) The Award Agreement for any Award that the Committee reasonably determines to constitute a Section 409A Plan (as defined below), and
the provisions of the Plan applicable to that Award, shall be construed in a manner consistent with the applicable requirements of Section 409A of the Code, and the Committee, in its sole discretion and without the consent of

 
any Participant, may amend any Award Agreement (and the provisions of the Plan applicable thereto) if and to the extent that the Committee determines that such amendment is necessary or
appropriate to comply with the requirements of Section 409A of the Code. 
 (b) If any Award constitutes a “nonqualified deferred
compensation plan” under Section 409A of the Code (a “Section 409A Plan”), then the Award shall be subject to the following additional requirements, if and to the extent required to comply with Section 409A of the
Code: 
 (i) Payments under a Section 409A Plan may not be made earlier than the earliest date on which a distribution may be made
under Section 409A(a)(2)(A) of the Code; 
 (ii) The time or schedule for any payment of the deferred compensation may not be
accelerated, except to the extent provided in applicable Treasury Regulations or other applicable guidance issued by the Internal Revenue Service; 

(iii) Any elections with respect to the deferral of such compensation or the time and form of distribution of such deferred compensation shall
comply with the requirements of Section 409A(a)(4) of the Code; and 
 (iv) In the case of any Participant who is “specified
employee”, a distribution on account of a “separation from service” may not be made before the date which is six months after the date of the Participant’s “separation from service” (or, if earlier, the date of the
Participant’s death), or such other date as may be permissible without violating Section 409A of the Code. For purposes of the foregoing, the terms in quotations shall have the same meanings as those terms have for purposes of
Section 409A of the Code, and the limitations set forth herein shall be applied in such manner (and only to the extent) as shall be necessary to comply with any requirements of Section 409A of the Code that are applicable to the Award.

 (c) Notwithstanding the foregoing, or any other provision of this Plan or any Award Agreement, the Company does not make any
representation to any Participant or Beneficiary that any Awards made pursuant to this Plan are exempt from, or satisfy, the requirements of, Section 409A of the Code, and the Company shall have no liability or other obligation to indemnify or
hold harmless the Participant or any Beneficiary for any tax, additional tax, interest or penalties that the Participant or any Beneficiary may incur in the event that any provision of this Plan, or any Award Agreement, or any amendment or
modification thereof, or any other action taken with respect thereto, is deemed to violate any of the requirements of Section 409A of the Code. 

Section 23 Governing Law; Venue; Forum. The corporate law of the State of Delaware shall govern all issues and questions
concerning the relative rights of the Company and its stockholders. All other issues and questions concerning the construction, validity, interpretation and enforceability of this Plan shall be governed by, and construed in accordance with, the laws
of the State of Delaware, without giving effect to any choice of law or conflict of law rules or provisions (whether of the State of Delaware or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the
State of Delaware. Each of 

 
the parties hereto irrevocably and unconditionally submits to the exclusive jurisdiction of the Court of Chancery of the State of Delaware, or, if the Court of Chancery of the State of Delaware
declines to accept jurisdiction over a particular matter, any federal court within the State of Delaware, or, if both the Court of Chancery of the State of Delaware and the federal courts within the State of Delaware decline to accept jurisdiction
over a particular matter, any other state court within the State of Delaware, and, in each case, any appellate court therefrom (together, the “Chosen Courts”), for the purposes of any suit, action or other proceeding arising out of
this Plan or any transaction contemplated by this Plan (and agrees that no such action, suit or proceeding relating to this Plan shall be brought by it or any of its Subsidiaries except in such courts). Each of the parties hereto irrevocably and
unconditionally waives (and agrees not to plead or claim), any objection to the laying of venue of any action, suit or proceeding arising out of this Plan or any of the transactions contemplated by this Plan in the Chosen Courts, or that any such
action, suit or proceeding brought in any such court has been brought in an inconvenient forum. 
 Section 24 Waiver of Jury
Trial. Each of the parties hereto waives any right it may have to trial by jury in respect of any litigation based on, arising out of, under or in connection with this Plan or the transactions contemplated by this Plan.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00243-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00243-of-00352.parquet"}]]