Document:

Exhibit 10.10

    

     

    

    
      THRYV HOLDINGS, INC.

      2020 INCENTIVE AWARD PLAN

      

      

      NON-QUALIFIED STOCK OPTION AGREEMENT

      NON-EMPLOYEE DIRECTOR

      

      

      This Stock Option Agreement (this “Agreement”), dated as of [________], 20201, sets forth the terms and conditions of the
        grant by Thryv Holdings, Inc.,  a Delaware corporation (the “Company”) to the Participant (as set forth below) of an option to purchase a number of shares of Stock (the “Shares”)

        as set forth below (the “Option”) pursuant to the Company’s 2020 Incentive Award Plan, as may be amended from time to time (the “Plan”).  The Option is subject to all
        of the terms and conditions set forth in this Agreement as well as in the Plan (the terms of which are incorporated herein by reference).  Unless otherwise defined herein, the terms defined in the Plan will have the same meanings in this Agreement.

      

      

      	 	
              Name of Participant:

            	 	 
	 	
              Grant Date:

            	 	 2

            
	 	
              Exercise Price per Share:

            	 	
              3$

            
	 	
              Total Number of Shares Subject to the Option:

            	 	
              55,556

            
	 	
              Type of Option:

            	 	
              Non-qualified Option

            
	 	
              Expiration Date:

            	 	 4

            
	 	
              Vesting Commencement Date:

            	 	
              Same as Grant Date

            
	 	
              Vesting Schedule:

            	 	
              This Option shall be exercisable, in whole or in part, according to the following schedule:  in equal annual installments over a 4-year period, with twenty-five percent (25%) vesting on each of the first, second, third and fourth
                anniversaries of the Vesting Commencement Date, subject to the Participant’s Continuous Service on each applicable vesting date.

            

      

      1.            Option Grant.

      

      

      (a)          Grant; Exercise Price; Type of Option.  Pursuant to this Agreement, the Company hereby grants to the Participant an Option
        under the Plan to purchase the total number of Shares indicated above, at the Exercise Price per Share as set forth above.  The Option is being granted pursuant to the terms of the Plan.  The Option is intended to be a Non-Qualified Stock Option
        and not an Incentive Stock Option within the meaning of Code Section 422.

      

      

      (b)          Consideration; Subject to Plan.  The grant of the Option is made in consideration of the services to be rendered by the
        Participant to the Company and is subject to the terms and conditions of the Plan.

      

      

      

      	1.	
              NTD:  Date to be the same as the grant date.

            

       

      

      
        	
                2.

              	
                NTD:  To be the 10th trading day after the re-listing date.

              

         

        

      

      
        	
                3.

              	
                NTD:  To be the VWAP of common stock in the 10 days prior to (and including) the date of grant.

              

         

        

      

      
        	
                4.

              	
                NTD:  To be the 10-year anniversary of date of grant.

              

         

        

      

      
        
          

        2

      

      
      2.            Exercise Period; Vesting.

      

      

      (a)          Vesting Schedule.  The Option will become vested and exercisable in such amounts and at such times as set forth above.  To
        the extent the Option has become exercisable, the Participant may exercise the Option to purchase all or any part of such Shares at any time on or before the date the Option expires or terminates.  However, the Option shall not be exercisable with
        respect to fractional Shares.  The unvested portion of the Option will not be exercisable on or after the Participant’s termination of Continuous Service.

      

      

      (b)          Expiration.  The Option will in all events expire on the Expiration Date as set forth above.  However, the Option may
        terminate prior to the Expiration Date as provided in Section 3 of this Agreement.

      

      

      3.            Termination of Continuous Service.

      

      

      (a)          General Provisions.  If the Participant (or other person entitled to exercise the Option) does not exercise the Option to the
        extent so entitled within the time specified below, the Option shall terminate. In no event may any Option be exercised after the Expiration Date.

      

      

      (b)          Termination other than Upon Disability or Death or for Cause.  In the event of termination of a Participant’s
        Continuous Service other than under the circumstances set forth in Sections 3(c) through (e) below, such Participant may exercise any outstanding Option at any time within ninety (90) days following such termination to the extent the
        Participant is vested in such Option (but in no event beyond the Expiration Date). The unvested portion of any outstanding Option held by such Participant shall immediately terminate upon the termination of the Participant’s Continuous Service.

      

      

      (c)          Disability.  In the event of termination of a Participant’s Continuous Service
          as a result of his or her Disability, such Participant may exercise any outstanding Option at any time within six (6) months following such termination (but in no event beyond the Expiration Date) to the extent the Participant is vested in such
          Option. The unvested portion of any outstanding Option held by such Participant shall immediately terminate upon the termination of the Participant’s Continuous Service.

      

      

      (d)          Death.  In the event of the death of a Participant during the period of
          Continuous Service since the date of grant of any outstanding Option, or within ninety (90) days following termination of such Participant’s Continuous Service (other than for Cause), the Option may be exercised by the Participant’s Beneficiary,
          at any time within six (6) months following the date of death or, if earlier, the date the Participant’s Continuous Service terminated (but in no event beyond the Expiration Date), but only to the extent the Participant is vested in such Option.
          The unvested portion of any outstanding Option held by such Participant shall immediately terminate upon the termination of the Participant’s Continuous Service.

      

      

      (e)          Termination for Cause.  In the event of termination of a Participant’s Continuous Service for Cause (which includes, for the avoidance of doubt, the removal of Participant
          from the Board for Cause), any outstanding Option (including any vested portion thereof) held by such Participant shall immediately terminate in its entirety upon first notification to the Participant of termination of the Participant’s
          Continuous Service for Cause. If a Participant’s Continuous Service is suspended pending an investigation of whether the Participant’s Continuous Service will be terminated for Cause, all the Participant’s rights under any Option, including the right to exercise the Option, shall be suspended during the investigation period.

      

      

      
        
          

        3

      

      (f)          Extension of Termination Date.  If following the Participant’s termination of
          Continuous Service for any reason, the exercise of the Option is prohibited because the exercise of the Option would violate the registration requirements under the Securities Act or any other state or federal securities law or the rules of any
          securities exchange or interdealer quotation system or Shares may not be purchased due to any Company insider trading policy (including blackout periods), then the expiration of the Option shall be tolled until the date that is thirty (30) days
          after the end of the period during which the exercise of the Option would be in violation of such registration or other securities requirement, but in no event beyond the Expiration Date.

      

      

      (g)          Committee Determinations.  The Committee shall have absolute
        discretion to determine the date and circumstances of termination of the Participant’s Continuous Service, and its determination shall be final, conclusive and binding upon the Participant.

      

      

      4.            Exercise.

      

      

      (a)          Manner of Exercise.  The Participant may exercise the Participant’s Option by giving written notice to the Company such form
        of exercise acceptable to, or required by, the Company of the number of Shares desired to be purchased.  The notice must be emailed to Jennifer.sloan@thryv.com and mailed to the Company at its headquarters office (currently 2200 West Airfield
        Drive, P.O. Box 619810, DFW Airport, TX 75261); Attention: Jennifer Sloan, Sr Manager Executive & Broad-based Compensation.  The notice must be accompanied by tender in full of the exercise price, in cash (including check, bank draft, money
        order, or wire transfer to the order of the Company).  The Participant may also exercise, at the Company’s discretion, the Participant’s Option by payment of the exercise price in shares of Stock, by delivery of the documents necessary to arrange
        for payment of the exercise price by means of a broker-assisted cashless exercise, or by a net share exercise, subject to the terms and conditions set forth in Sections 4(b)(i), (ii) and (iii) below.  Except as provided in Section 5
        below, the Participant’s Option will be deemed exercised on the date the Exercise Agreement or other notice of exercise acceptable to the Company (with accompanying payment of the exercise price) is hand delivered or, if mailed, postmarked.  The
        Shares that the Participant receives upon exercise of the Option may consist of authorized but unissued shares or treasury shares of the Company, as determined from time to time by the Board.

      

      

      (b)          Satisfaction of Exercise Price other than with Cash.

      

      

      i.          Payment in Stock.  If the Committee has authorized payment in Stock and the Company is subject to the
        reporting requirements of the Exchange Act and the Stock is publicly traded at the time of the Participant’s exercise, the Option may be exercised by the delivery of shares of Stock which the Participant has owned for at least six (6) months (or
        such other period as may be required by the Committee in order to avoid adverse accounting consequences).  Such shares of Stock will be valued at their Fair Market Value (as defined in the Plan) at the close of trading on the date of exercise.  The
        stock certificates for the shares of Stock the Participant delivers in payment of the exercise price must be duly endorsed or accompanied by appropriate stock powers.  Only stock certificates issued solely in the Participant’s name may be
        delivered.  Only whole shares of Stock may be delivered.  Any portion of the exercise price in excess of the Fair Market Value of a whole number of shares of Stock must be paid in cash.  If a certificate delivered in exercise of the Participant’s
        Option evidences more shares of Stock than are needed to pay the exercise price, an appropriate replacement certificate will be issued to the Participant for the excess shares of Stock.

      

      

      
        
          

        4

      

      ii.          Broker-Assisted Cashless Exercise.  If the Committee has authorized broker-assisted cashless exercise and
        the Company is subject to the reporting requirements of the  Exchange Act and the Stock is publicly traded at the time of the Participant’s exercise, the Participant may exercise the Option by executing and delivering the documents necessary to
        irrevocably authorize a broker acceptable to the Company to sell shares of Stock (or a sufficient portion of such shares) acquired upon exercise of the Option and remit to the Company a sufficient portion of the sale proceeds to pay the entire
        exercise price and any required tax withholding resulting from such exercise.

      

      

      iii.          Net Share Exercise.  If the Committee has authorized net exercise, the Participant may exercise the
        Participant’s Option by delivering to the Company a written exercise notice (on such form acceptable to the Company) that directs the Company to withhold a sufficient number of the shares of Stock acquired upon exercise to satisfy the aggregate
        exercise price and tax withholding obligation with respect to the shares of Stock to which the Option is being exercised.  For purposes of this provision, the shares of Stock applied to satisfy the exercise price and withholding obligation shall be
        valued in the same manner as provided under Section 4(b)(i).

      

      

      5.            Securities Law Compliance.  In no event may the Participant
        exercise the Option unless the Shares issuable upon exercise of the Option are then registered under the Securities Act or, if not registered, the Company has determined that the exercise and issuance of the Shares would be exempt from the
        registration requirements of the Securities Act.  The exercise of the Option also must comply with all other applicable laws and regulations governing the Option, and the Participant may not exercise the Option if the Company determines that such
        exercise would not be in compliance with such laws and regulations.

      

      

      6.            Taxes.The Participant is ultimately liable and responsible
          for all taxes owed in connection with this Option, regardless of any action the Company takes with respect to any tax withholding obligations that arise in connection with this Option.

       

      

      7.            Non-transferability of Option.  Except to the extent otherwise permitted and
          approved by the Committee (after taking into account applicable securities laws), the Option may be exercised only by the Participant, and may not be assigned, pledged, or otherwise transferred by the Participant, with the exception that in the
          event of the Participant’s death the Option may be exercised (at any time prior to its expiration or termination) by the Participant’s Beneficiary.

      

      

      8.            Adjustment in Certain Events.  The Shares subject to the Option may be adjusted or terminated in any manner as contemplated
        by Section 9(d) of the Plan.

      

      

      9.            No Guarantee of Continued Service.  The grant of this Option does not constitute an assurance of continued service for any
        period or in any way interfere with the Company’s right to terminate the Participant’s Continuous Service or to change the terms and conditions of the Participant’s Continuous Service.

      

      

      10.          Notices.  Any notice to be given under the terms of this Agreement shall be in writing and addressed to the Company at its
        principal office (currently 2200 West Airfield Drive, P.O. Box 619810, DFW Airport, TX 75261; Attention: Jennifer Sloan, Sr Manager Executive & Broad-based Compensation) with a copy emailed to the attention of Jennifer Sloan, Sr Manager
        Executive & Broad-based Compensation (Jennifer.sloan@thryv.com), and to the Participant at the address reflected or last reflected on the records of the Company.  Any notice shall be enclosed in a properly sealed and addressed envelope,
        registered or certified, and deposited (postage and registry or certification fee prepaid) in a government post office of mailbox or sent by nationally recognized overnight courier, and a copy of such notice shall be emailed.  Any such notice shall
        be given only when received, but if the Participant is no longer providing services to the Company, the notice shall be deemed to have been duly given five (5) business days after the date mailed in accordance with this Section 10 (or, if
        sent for overnight delivery by a nationally recognized overnight courier, on the next business day).

      

      

      
        
          

        5

      

      11.          Plan.  The Option and all of the Participant’s rights under this Agreement are subject to the terms and conditions of the
        Plan, incorporated herein by this reference.  The Participant agrees to be bound by the terms of the Plan and this Agreement.  The Participant acknowledges having read the Plan and this Agreement.  If any of the terms of this Agreement conflict
        with the terms of the Plan, the terms of the Plan shall be controlling.

      

      

      12.          Administration.  The Committee has the sole power to interpret the Plan and this Agreement and to act upon all matters
        relating to Options granted under the Plan.  Any decision, determination, interpretation, or other action taken pursuant to the provisions of the Plan by the Committee shall be final, binding, and conclusive.

      

      

      13.          Entire Agreement; Amendment.

      

      

      (a)          Entire Agreement.    This Agreement and the Plan together constitute the entire agreement and supersede all prior
        understandings and agreements, written or oral, of the parties hereto with respect to the subject matter hereof.

      

      

      (b)          Amendment.  The Committee may from time to time amend the terms of this grant or the rules and regulations governing this
        grant in accordance with the terms of the Plan in effect at the time of such amendment, but no amendment which is unfavorable to the Participant can be made without the Participant’s written consent.  The Plan is of unlimited duration, but may be
        amended, terminated or discontinued by the Board at any time.  However, no amendment, termination or discontinuance of the Plan will unfavorably affect this Option.

      

      

      14.          Effect of this Agreement.  This Agreement shall be assumed by, be binding upon and inure to the benefit of any successor or
        successors to the Company.

      

      

      15.          Governing Law; Arbitration; Severability; Miscellaneous.

      

      

      (a)          Governing Law.  This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of
        Delaware, without regard to conflict of law principles thereof that would give effect to the law of another state.

      

      

      (b)          Construction.  The language of all parts of the Plan and this Agreement shall in all
        cases be construed as a whole, according to its fair meaning, and not strictly for or against either of the parties.

      

      

      (c)          Limited Rights.  The Participant shall have no rights as a stockholder of the Company with respect to the Option.  The
        Participant’s rights with respect to the Shares delivered upon exercise of the Option after the date of such issuance are subject to the terms and conditions set forth herein.

      

      

      (d)          Severability.  If it is determined that any portion of this Agreement or the Plan is in violation of any statute or public
        policy, then only the portions of this Agreement or the Plan, as applicable, that violate such statute or public policy shall be stricken, and all portions of this Agreement and the Plan that do not violate any statute or public policy shall
        continue in full force and effect.  Furthermore, it is the parties’ intent that any court order striking any portion of this Agreement and/or the Plan should modify the stricken terms as narrowly as possible to give as much effect as possible to
        the intentions of the parties hereunder.

      

      

      
        
          

        6

      

      (e)          Counterparts.  This Agreement may be executed simultaneously in
        any number of counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument.

      

      

      (f)          Section Headings.  The section headings of
        this Agreement are for convenience of reference only and shall not be deemed to alter or affect any provision hereof.

      

      

      (g)          Death or Disability.  References

        herein to obligations applicable to the Participant as an optionee (excluding, for purposes of clarity, the requirement that all services that are a precondition to vesting and exercisability of the Option be performed by the Participant) shall
        include references to the Participant’s Beneficiary or personal representative if the Participant dies or becomes incapacitated.

      

      

      (h)          Further Assurances.  Each of the parties
        hereto shall use its reasonable and diligent best efforts to proceed promptly with the transactions contemplated herein, to fulfill the conditions precedent for such party’s benefit or to cause the same to be fulfilled and to execute such further
        documents and other papers and perform such further acts as may be reasonably required or desirable to carry out the provisions hereof and the transactions contemplated herein.

      

      

      (i)           Data Privacy.  The Participant expressly consent to the collection, use and transfer, in electronic or other form, of the
        Participant’s Data by and among the Company, its Subsidiaries and Affiliates, and any broker or third party assisting the Company in administering the Plan or providing recordkeeping services for the Plan, for the purpose of implementing,
        administering and managing participation in the Plan, as further described in Section 9(u) of the Plan.  Through acceptance of the Option, the Participant authorizes such recipients to receive, possess, use, retain and transfer the Data, in
        electronic or other form, for the purposes of implementing, administering and managing the Participant’s participation in the Plan, including any requisite transfer of such Data as may be required to a broker or other third party with whom the
        Company or any of its Affiliates and Subsidiaries or the Participant may elect to deposit any Shares.  The Company may cancel the Participant’s ability to participate in the Plan and, in the Committee’s discretion, the Participant may forfeit any
        outstanding Awards if the Participant refuses or withdraws his or her consents as described herein.

      

      

      [Signature page follows]

      

      

      
        
          

      

      IN WITNESS WHEREOF, the parties hereto have executed this Stock Option Agreement as of the date first set forth above.

      

      

      	
              THRYV HOLDINGS, INC.

            	
              PARTICIPANT

            
	 	 	 	 	 	 

      	
              By:

            	 	 	
              Signature:

            	 	 

      	 	
              Name:  Paul Rouse

            	 	 	 	 

      	 	
              Title:  EVP, Chief Financial Officer

            	 	
              Name:

            	 	 
	 	 	 	 	 	 

      	 	 	 	
              Email:

            	 	 
	 	 	 	 	 	 

      	 	 	 	
              Date:

            	 	 
	 	 	 	 	 	 

      	 	 	 	
              Address:Exhibit 10.11

      

       

      

      THRYV HOLDINGS, INC.

      

      

      2021 EMPLOYEE STOCK PURCHASE PLAN

      

      

      Adopted by the Board of Directors:  September 10, 2020

      Approved by the Stockholders:  September 11, 2020

      

      

      Effective Date: [_________], 20201

      

      

      1.            General; Purpose.

      

      

      (a)        This Thryv Holdings, Inc. 2021 Employee Stock Purchase Plan
          (the “Plan”) is intended to enable Eligible Employees to use payroll deductions to purchase shares of Stock in Offerings under the Plan, and thereby acquire an interest in the Company.

      

      

      (b)        This Plan is an omnibus plan and includes two components: 
          (i) a component intended to qualify as an “employee stock purchase plan” under Section 423 of the Code (the “423 Component”), the provisions of which shall be construed in a manner that is consistent with
          the requirements of Section 423 of the Code, including without limitation, to extend and limit Plan participation in a uniform and non-discriminatory basis, and (ii) a component that does not qualify as an “employee stock purchase plan” under
          Section 423 of the Code (the “Non-423 Component”), under which options shall be granted pursuant to rules, procedures or sub-plans adopted by the Administrator designed to comply with applicable laws or
          achieve tax and other objectives.  Except as otherwise provided in the Plan or determined by the Administrator, the Non-423 Component will operate and be administered in the same manner as the 423 Component.

      

      

      2.            Definitions.  The

          following terms, when used in the Plan, will have meanings and be subject to the provisions set forth below:

      

      

      (a)        “423 Component”
          means the component of the Plan intended to qualify as an “employee stock purchase plan” under Section 423 of the Code, as described in Section 1(b) of the Plan.

      

      

      (b)        “Account” means a
          payroll deduction account maintained in the Participant’s name on the books of the Company.

      

      

      (c)        “Administrator”
          means the Compensation Committee of the Board, except that the Compensation Committee may delegate (i) to one or more of its members (or one or more other members of the Board, including the full Board) such of its duties, powers and
          responsibilities as it may determine, and (ii) to such Employees or other persons as it determines such ministerial tasks as it deems appropriate.  In the event of any delegation described in the preceding sentence, the term “Administrator” will
          include the person or persons so delegated to the extent of such delegation.

       

        

      
        (d)        “Affiliate” means an entity, other than
            a Subsidiary, in which the Company has an equity or other ownership interest.

         

      

      

      

      	1.

            	
              NTD:  To be date on which the Form 8-A in connection with the Company’s direct listing becomes effective.

            

      

      

      
        
          

      

      (e)        “Board” means the
          Board of Directors of the Company.

      

      

      (f)        “Business Day” means any day on which the established national exchange or trading system (including the Nasdaq Stock Market) on which the Stock is traded is available and open for trading.

      

      

      (g)        “Code” means the
          U.S. Internal Revenue Code of 1986, as may be amended from time to time and the rules and regulations promulgated thereunder, or any successor statute, rules or regulations as from time to time in effect.

      

      

      (h)        “Company” means
          Thryv Holdings, Inc. f/k/a Dex Media Holdings, Inc., a Delaware corporation, including any successor thereto.

      

      

      (i)        “Effective Date” means the date that the Form 8-A in connection with the Company’s direct listing becomes effective.

      

      

      (j)        “Eligible Compensation” means  base salary, wages, annual bonuses and commissions paid to Eligible Employees by a Participating Company as compensation for services to the Participating Company (prior to deduction for
          any pre-tax salary deferral contributions made by the Eligible Employee to any tax-qualified deferred compensation plans, any Code Section 125 cafeteria plans, or any Code Section 132(f) qualified transportation fringe benefit plans), including
          overtime, vacation pay, holiday pay, jury duty pay and funeral leave pay, but excluding education or tuition reimbursements, imputed income arising under any group insurance or benefit program, travel expenses, business and relocation
          expenses, spot bonuses, Over Performance Plan (OPP) incentives or other discretionary awards, income received in connection with stock options or other equity-based awards, and similar items.  The Administrator may, in its discretion, on a
          uniform and nondiscriminatory basis, establish a different definition of Eligible Compensation for a subsequent Offering Periods.  The Administrator shall have the discretion to determine the application of this definition to any Participants
          outside of the United States.

      

      

      (k)        “Eligible Employee” means any Employee of a Participating Company who meets the eligibility requirements set forth in Section 4 of the Plan.

      

      

      (l)        “Employee” means any
          individual who is treated as an employee in the records of a Participating Company.  For the avoidance of doubt, (i) independent contractors and consultants are not “Employees”, regardless of any subsequent reclassification as an employee of a
          Participating Company by any governmental agency or court, and (ii) service solely as a director of a Participating Company, or payment of a fee for such services, will not cause a director to be considered an “Employee” for purposes of the Plan.

      

      

      (m)       “Exchange Act” means the U.S. Securities Exchange Act of 1934, as may be amended from time to time and the rules and regulations promulgated thereunder.

      

      

      (n)        “Exercise Date” means the date set forth in Section 5 of the Plan or otherwise designated by the Administrator with respect to a particular Offering Period on which a Participant will be deemed to have exercised
          the Option granted to him or her for such Offering Period.

      

      

      (o)        “Fair Market Value”
          means as of a particular date, (i) the closing price for a share of Stock as reported on the Nasdaq Stock Market (or any other national securities exchange on which the shares are then listed) for that date or, if no closing price is reported for
          that date, the closing price on the immediately preceding date on which a closing price was reported, or (ii) in the event that the Stock is not traded on a national securities exchange, the fair market value of a share of Stock determined by the
          Administrator consistent with the rules of Section 422 of the Code and Section 409A of the Code to the extent applicable.

       

        

      
        
          

      

      (p)        “Maximum Share Limit”
          has the meaning set forth in Section 10 of the Plan.

      

      

      (q)        “Non-423 Component”
          means the component of the Plan that does not qualify as an “employee stock purchase plan” under Section 423 of the Code, as described in Section 1(b) of the Plan.

      

      

      (r)        “Offering” means an
          offer under the Plan of an Option that may be exercised during an Offering Period as further described in Section 5 of the Plan.  For purposes of the Plan, the Administrator may designate separate Offerings under the Plan (the terms of
          which need not be identical) in which Eligible Employees of one or more Participating Company will participate, even if the dates of the applicable Offering Periods of each such Offering are identical and the provisions of the Plan will
          separately apply to each Offering.  To the extent permitted by U.S. Treasury Regulation 1.423-2(a)(1), the terms of each Offering need not be identical provided that the terms of the Plan and an Offering together satisfy U.S. Treasury Regulation
          1.423-2(a)(2) and (a)(3).

      

      

      (s)        “Offering Period”
          means an offering period established in accordance with Section 5 of the Plan.

      

      

      (t)         “Option” means an
          option granted pursuant to the Plan entitling the holder to acquire shares of Stock upon payment of the Purchase Price per share of Stock.

      

      

      (u)        “Parent” means a
          “parent corporation” as defined in Section 424(e) of the Code.

      

      

      (v)        “Participant” means
          an Eligible Employee who elects to enroll in the Plan.

      

      

      (w)       “Participating Company”
          means the Company and any Subsidiary or Affiliate that has been designated by the Administrator from time to time as eligible to participate in the Plan.  For purposes of the 423 Component, only the Company and its Subsidiaries may be
          Participating Companies; provided, however that at any given time, a Subsidiary that is a Participating Company under the 423 Component will not be a Participating Company under the Non-423 Component.  The current list of Participating
          Companies is attached hereto as Exhibit A.

      

      

      (x)        “Plan” means this
          Thryv Holdings, Inc. 2021 Employee Stock Purchase Plan, as from time to time amended and in effect.

      

      

      (y)        “Purchase Price” means the price per share of Stock with respect to an Offering Period determined in accordance with Section 9 of the Plan.

      

      

      (z)        “Securities Act”
          means the U.S. Securities Act of 1933, as may be amended from time to time and the rules and regulations promulgated thereunder.

      

      

      (aa)       “Stock” means the
          common stock of the Company, par value $0.01 per share.

      

      

      
        
          

      

      (bb)      “Subsidiary” means a
          “subsidiary corporation” as defined in Section 424(f) of the Code.

      

      

      3.            Options to Purchase. 
          Subject to adjustment pursuant to Section 16 of the Plan, the maximum aggregate number of shares of Stock available for purchase under the Plan to Eligible Employees will be 2,000,000 shares.  The shares of Stock to be delivered upon
          exercise of Options under the Plan may be either shares of authorized but unissued Stock, treasury Stock or previously issued Stock acquired by the Company.  If any Option granted under the Plan expires or terminates for any reason without having
          been exercised in full or ceases for any reason to be exercisable in whole or in part, the unpurchased shares of Stock subject to such Option will again be available for purchase under the Plan.  If, on an Exercise Date, the total number of
          shares of Stock that would otherwise be subject to Options granted under the Plan exceeds the number of shares then available under the Plan (after deduction of all shares for which Options have been exercised or are then outstanding), the
          Administrator shall make a pro-rata allocation of the shares remaining for purchase under the Plan in as uniform a manner as shall be practicable and as it shall determine to be equitable.  In such event, the Administrator shall notify each
          Participant of such reduction and of the effect on the Participant’s Options and may reduce the rate of payroll deductions, if necessary.

      

      

      4.            Eligibility.

      

      

      (a)        Eligibility Requirements. 
          Subject to Section 13 of the Plan, and with the exceptions and limitations set forth in Sections 4(b), 4(c), 4(d) and 6 of the Plan, or as may be provided elsewhere in the Plan, each Employee (i) who has been continuously
          employed by the Participating Company for a period of at least thirty (30) days as of the first day of an Offering Period, (ii) whose customary Employment with the Participating Company is for more than five (5) months per calendar year, (iii)
          who customarily works more than twenty (20) hours per week, and (iv) who satisfies the requirements set forth in the Plan, will be an Eligible Employee.

      

      

      (b)        Five Percent Shareholders. 
          No Employee may be granted an Option under the Plan if, immediately after the Option is granted, the Employee would own (or pursuant to Section 424(d) of the Code would be deemed to own) stock possessing five percent (5%) or more of the
          total combined voting power or value of all classes of stock of the Company or of its Parent or Subsidiaries, if any.

      

      

      (c)        Additional of Different
            Requirements.  The Administrator may, for Offering Periods that have not yet commenced, establish additional or different requirements; provided, that in the case of the 423 Component, such requirements are not inconsistent with
          Section 423 of the Code.

      

      

      (d)        Non-U.S. Employees.  Eligible

          Employees who are citizens or residents of a non-U.S. jurisdiction (without regard to whether they also are citizens or residents of the United States or resident aliens (within the meaning of Section 7701(b)(1)(A) of the Code)) may be excluded
          from participation in the Plan or an Offering if the participation of such Eligible Employees is prohibited under the laws of the applicable jurisdiction or if complying with the laws of the applicable jurisdiction would cause the Plan or an
          Offering to violate Section 423 of the Code.  In the case of the Non-423 Component, Eligible Employees may be excluded from participation in the Plan or the Offering, if the Administrator determine that participation of such Eligible Employees is
          not advisable or practical.

      

      

      
        
          

      

      5.            Offering Periods. 
          The Plan will be implemented by a series of separate Offerings referred to as “Offering Periods”.  Unless otherwise determined by the Administrator in its discretion,
          the Offering Periods will be successive periods of approximately six (6) months commencing on or about January 1 and July 1 of each year.  The last Business Day of each Offering Period will be an “Exercise Date”. The Administrator shall have the authority to change the Exercise Date and the duration, frequency, start and end dates of the Offering Periods to the extent permitted by Section 423 of the Code (provided,
          that no Option may be exercised after 27 months from its grant date).

      

      

      6.            Option Grant.  Subject

          to the limitations set forth in Sections 4 and 10 of the Plan and the Maximum Share Limit, on the first day of an Offering Period, each Participant automatically will be granted an Option to purchase shares of Stock on the Exercise Date;
          provided, however, that no Participant will be granted an Option under the Plan that permits the Participant’s right to purchase shares of Stock under the Plan and under all other employee stock purchase plans of the Company and its Parent
          and Subsidiaries, if any, to accrue at a rate that exceeds $25,000 in Fair Market Value (or such other maximum as may be prescribed in the Code) for each calendar year during which any Option granted to such Participant is outstanding at any
          time, as determined in accordance with Section 423(b)(8) of the Code.

      

      

      7.            Method of Participation.

      

      

      (a)        Payroll Deduction and
            Participation Authorization.  To participate in an Offering Period, an Eligible Employee must execute and deliver to the Administrator a payroll deduction and participation authorization form in accordance with the procedures prescribed
          by, and in a form acceptable to, the Administrator and, in so doing, the Eligible Employee will thereby become a Participant as of the first day of such Offering Period.  Such Eligible Employee will remain a Participant with respect to subsequent
          Offering Periods until his or her participation in the Plan is terminated as provided herein.  Such payroll deduction and participation authorization must be delivered not later than five (5) Business Days prior to the first day of an Offering
          Period, or such other time as specified by the Administrator.

      

      

      (b)        Changes to Payroll
            Deduction Authorization for Subsequent Offering Periods.  A Participant’s payroll deduction authorization will remain in effect for subsequent Offering Periods unless the Participant files a new authorization not later than five (5)
          Business Days prior to the first day of the subsequent Offering Period) or such other time as specified by the Administrator) or the Participant’s Option is cancelled pursuant to Sections 13 or 14 of the Plan.

      

      

      (c)        Changes to Payroll
            Deduction Authorization for Current Offering Period.  During an Offering Period, a Participant may decrease his or her payroll deduction authorization once, but may not increase his or her payroll deduction authorization.  Any election
          to decrease a Participant’s payroll deduction authorization intended to be effective for the Offering Period during which the election to decrease is made must be delivered to the Administrator in accordance with the procedures prescribed by, and
          in a form acceptable to, the Administrator and will be effective as soon as administratively practicable.  If a Participant’s payroll deduction authorization is reduced to zero percent (0%) during an Offering Period, payroll deductions previously
          accumulated during such Offering Period will be applied to purchase shares of Stock on the Exercise Date for that Offering Period and the Participant’s participation in the Plan will thereupon terminate, unless the Participant has delivered a new
          payroll deduction authorization for the subsequent Offering Period in accordance with the rules of Section 7(b) above.  A Participant may also terminate his or her payroll deduction authorization during an Offering Period by canceling his
          or her Option in accordance with Section 13 of the Plan.

       

        

      
        
          

      

      (d)        Payroll Deduction
            Percentage.  Each payroll deduction authorization will authorize payroll deductions as a whole percentage from one percent (1%) to fifteen percent (15%) of the Participant’s Eligible Compensation per payroll period.

      

      

      (e)        Payroll Deduction Account.
           All payroll deductions made pursuant to this Section 7 will be credited to the Participant’s Account.  Amounts credited to a Participant’s Account will not be required to be set aside in trust or otherwise segregated from the
          Company’s general assets.

      

      

      8.            Method of Payment.  A
          Participant must pay for shares of Stock purchased under the Plan with accumulated payroll deductions credited to the Participant’s Account, unless otherwise provided by the Administrator under a sub-plan or separate Offering, including the
          Non-423 Component, for a non-U.S. Participating Company.

      

      

      9.            Purchase Price. 
          The Purchase Price of shares of Stock issued pursuant to the exercise of an Option on each Exercise Date will be eighty-five percent (85%) (or such greater percentage specified by the Administrator (with respect to the 423 Component, to the
          extent permitted under Section 423 of the Code)) of the lesser of: (a) the Fair Market Value of a share of Stock on the date on which the Option was granted pursuant to Section 6 of the Plan (i.e., the first day of the Offering Period),
          and (b) the Fair Market Value of a share of Stock on the date on which the Option is deemed exercised pursuant to Section 10 of the Plan (i.e., the Exercise Date).

      

      

      10.          Exercise of Options; Delivery of
          Shares.

      

      

      (a)        Purchase of Shares. 
          Subject to the limitations set forth in Section 6 of the Plan and this Section 10, with respect to each Offering Period, on the applicable Exercise Date, each Participant will be deemed to have exercised his or her Option and the
          accumulated payroll deductions in the Participant’s Account will be applied to purchase the greatest number of shares of Stock (rounded down to the nearest whole share) that can be purchased with such Account balance at the applicable Purchase
          Price; provided, however, that no more than 200,000 shares of Stock may be purchased by a Participant on any Exercise Date, or such lesser number as the Administrator may prescribe in accordance with Section 423 of the Code (the “Maximum Share Limit”).  No fractional shares will be purchased pursuant to the exercise of an Option under the Plan; any accumulated payroll deductions in a Participant’s Account that are not sufficient to
          purchase a whole share will be retained in the Participant’s Account for the subsequent Offering Period, subject to earlier withdrawal by the Participant as provided in Section 13 of the Plan.

      

      

      (b)        Return of Account Balance. 
          Except as provided in Section 10(a) above with respect to fractional shares, any amount of payroll deductions in a Participant’s Account that are not used for the purchase of shares of Stock, whether because of the Participant’s
          withdrawal from participation in an Offering Period or for any other reason, will be returned to the Participant (or his or her estate or designated beneficiary, as applicable), without interest, as soon as administratively practicable after such
          withdrawal or other event, as applicable.  If the Participant’s accumulated payroll deductions on the Exercise Date of an Offering Period would otherwise enable the Participant to purchase shares of Stock in excess of the Maximum Share Limit or
          the maximum number of shares of Stock that may be purchased by a Participant pursuant to Section 6 of the Plan, the excess of the amount of the accumulated payroll deductions over the aggregate Purchase Price of the shares of Stock
          actually purchased will be returned to the Participant, without interest, as soon as administratively practicable after such Exercise Date.

       

        

      
        
          

      

      (c)        Delivery.  As soon
          as practicable after each Exercise Date on which a purchase of shares of Stock occurs, the Company will arrange the delivery to each Participant of the shares purchased upon exercise of his or her Option in a manner determined by the
          Administrator (in its sole discretion) and pursuant to rules established by the Administrator.  The Company may permit or require that shares be deposited directly with a broker designated by the Company or to a designated agent of the Company,
          and the Company may utilize electronic or automated methods of share transfer.  The Company may require that shares be retained with such broker or agent for a designated period of time and/or may establish other procedures to permit tracking
          disqualifying dispositions of such shares.  No Participant will have any voting, dividend or other stockholder rights with respect to share of Stock subject to any Option granted under the Plan until such shares have been purchased and delivered
          to the Participant as provide in this Section 10(c).

      

      

      11.          Interest.  No
          interest will be payable on any amount held in the Account of any Participant, except as may otherwise be required by applicable law (as determined by the Administrator).

      

      

      12.          Taxes.  Payroll
          deductions will be made on an after-tax basis.  The Administrator will have the right to make such provision as it deems necessary for, and may condition the exercise of an Option on, the satisfaction of its obligations to withhold federal,
          state, local, or foreign income or other taxes incurred by reason of the purchase or disposition of shares of Stock under the Plan.  In the Administrator’s discretion and subject to applicable law, such tax obligations may be paid in whole or in
          part by delivery of shares of Stock to the Company, including shares of Stock purchased under the Plan, valued at Fair Market Value.

      

      

      13.          Cancellation and
            Withdrawal.  A Participant who holds an Option under the Plan may cancel all (but not less than all) of his or her Option and terminate his or her payroll deduction authorization by notice delivered to the Administrator in accordance
          with the procedures prescribed by, and in a form acceptable to, the Administrator.  To be effective with respect to an upcoming Exercise Date, such cancellation notice must be delivered not later than ten (10) Business Days) prior to such
          Exercise Date (or such other time as specified by the Administrator).  Upon such termination and cancellation, the balance in the Participant’s Account will be returned to the Participant, without interest, as soon as administratively practicable
          thereafter.  For the avoidance of doubt, a Participant who reduces his or her withholding rate for a future Offering Period or future payroll periods within an ongoing Offering Period to 0% pursuant to Section 7 of the Plan, will be
          deemed to have terminated his or her payroll deduction authorization and cancelled his or her participation in future Offering Periods, unless the Participant delivers a new payroll deduction authorization for a subsequent Offering Period in
          accordance with the rules of Section 7(b) of the Plan.

      

      

      14.          Termination of Employment; Death of
          Participant; Designation of Beneficiary.

       

        

      
        (a)        Termination of Employment; Death of Participant.  Upon the termination of a Participant’s employment with a Participating
          Company, for any reason or in the event the Participant ceases to qualify as an Eligible Employee, the Participant will cease to be a Participant, any Option held by the Participant under the Plan will be canceled, the balance in the
          Participant’s Account will be returned to the Participant (or his or her estate or designated beneficiary in the event of the Participant’s death), without interest, as soon as administratively practicable thereafter, and the Participant will
          have no further rights under the Plan.

          

        

      

      
        
          

      

       A Participant will be deemed to have terminated employment, for this purpose, if the entity that employs him or her, having been a Participating Company, ceases to be a Subsidiary or Affiliate, or if the employee is
        transferred to any entity other than a Participating Company.  Unless otherwise determined by the Administrator, a Participant whose employment transfers between, or whose employment terminates with an immediate rehire (with no break in service)
        by, Participating Companies, will not be treated as having terminated employment for purposes of participating in the Plan or an Offering; provided, however, that if a Participant transfers from an Offering under the 423 Component
        to an Offering under the Non-423 Component, the exercise of the Participant’s Option will be qualified under the 423 Component only to the extent that such exercise complies with Section 423 of the Code.  If a Participant transfers from an Offering
        under the Non-423 Component to an Offering under the 423 Component, the exercise of the Participant’s Option will remain non-qualified under the Non-423 Component.  In addition, for purposes of the Plan, the employment relationship shall be treated
        as continuing intact while the individual is on sick leave or other leave of absence approved by the Participating Company.  However, unless otherwise determined by the Administrator, where the period of leave exceeds three (3) months and the
        Employee’s right to reemployment is not guaranteed either by statute or by contract, the employment relationship will be deemed to have terminated on the 1st day following the expiration of such three (3)-month period.

      

      

      (b)        Designation of Beneficiary. 
          The Administrator may, but is not obligated to, permit a Participant to submit a form designating a beneficiary who will receive any shares of Stock or contributions from a Participant’s Account under the Plan if the Participant dies before such
          shares or contributions are delivered to the Participant.  Any such designation must be on a form approved by the Company.  If a Participant dies, in absence of a valid beneficiary designation, the Company will deliver any shares of Stock or
          contributions from a Participant’s Account, to the executor or administrator of the estate of the Participant.  If no executor or administrator has been appointed (to the knowledge of the Company), the Company, in its sole discretion, may deliver
          such shares of Stock and contributions (without interest), to the Participant’s spouse, dependents or relatives, or if no spouse, dependents or relative is known to the Company, then to such other person as the Company may designate.

      

      

      15.          Equal Rights and
            Privileges; Participant’s Rights Not Transferable.  Notwithstanding anything in the Plan to the contrary, all Participants granted Options in an Offering under the 423 Component will have the same rights and privileges, consistent with
          the requirements set forth in Section 423 of the Code.  Any Option granted under the Plan will be exercisable during the Participant’s lifetime only by him or her and may not be sold, pledged, assigned or transferred in any manner.  In the event
          any Participant violates or attempts to violate the terms of this Section 15, as determined by the Administrator in its sole discretion, any Options held by the Participant under the Plan may be terminated by the Company and, upon the
          return to the Participant of the balance of his or her Account, without interest, all of the Participant’s rights in the Plan will terminate.

      

      

      16.          Change in Capitalization; Corporate
          Transaction.

      

      

      (a)        Change in Capitalization. 
          In the event of any change in the outstanding Stock by reason of a stock dividend, stock split, reverse stock split, split-up, recapitalization, merger, consolidation, reorganization, or other capital change, the aggregate number and type of
          shares of Stock available under the Plan, the number and type of shares of Stock granted under any outstanding Options, the Maximum Share Limit and the purchase price per share of Stock under any outstanding Option will be appropriately adjusted;
          provided, that any such adjustment shall be made in a manner that complies with Section 423 of the Code.

      

      

      
        
          

      

      (b)        Dissolution or Liquidation. 
          In the event of a proposed dissolution or liquidation of the Company, the Administrator may, in its discretion: (i) cancel each outstanding Option and return the balances in the Participants’ Accounts to the Participants, without interest, and/or
          (ii) pursuant to Section 18 of the Plan, terminate the Offering Period on or before the date of the consummation of the proposed dissolution or liquidation of the Company.

      

      

      (c)        Corporate Transaction. 
          In the event of a sale of all or substantially all of the Stock or a sale of all or substantially all of the assets of the Company, or a merger or similar transaction in which the Company is not the surviving corporation or that results in the
          acquisition of the Company by another person, the Administrator may, in its discretion: (i) if the Company is merged with or acquired by another corporation, provide that each outstanding Option will be assumed or exchanged for a substitute
          Option granted by the acquirer or successor corporation or by a parent or subsidiary of the acquirer or successor corporation, (ii) cancel each outstanding Option and return the balances in the Participants’ Accounts to the Participants, without
          interest, and/or (iii) pursuant to Section 18 of the Plan, terminate the Offering Period on or before the date of the proposed sale, merger or similar transaction.

      

      

      17.          Administration of the
            Plan.  The Plan will be administered by the Administrator, which will have full and exclusive discretionary authority to construe, interpret and apply the terms of the Plan, determine eligibility under the Plan, prescribe forms, rules
          and procedures relating to the Plan, decide all disputes arising in connection with the Plan, and otherwise do all things necessary or appropriate to carry out the purposes of the Plan.  All determinations and decisions by the Administrator
          regarding the interpretation or application of the Plan will be final and binding on all Participants and all persons.  The Administrator may specify the manner in which the Company and/or Employees are to provide notices and forms under the
          Plan, and may require that such notices and forms be submitted electronically.

      

      

      18.          Amendment and Termination of Plan.

      

      

      (a)        Amendment.  The
          Board reserves the right at any time or times to amend the Plan to any extent and in any manner it may deem advisable; provided, however, that any amendment that would be treated as the adoption of a new plan for purposes of
          Section 423 of the Code will have no force or effect unless approved by the shareholders of the Company within 12 months before or after its adoption.

      

      

      (b)        Termination.  The
          Board reserves the right at any time or times to suspend or terminate the Plan.  In connection therewith, the Board may provide, in its sole discretion, either that outstanding Options will be exercisable either on the Exercise Date for the
          applicable Offering Period or on such earlier date as the Board may specify (in which case such earlier date will be treated as the Exercise Date for the applicable Offering Period), or that the balance of each Participant’s Account will be
          returned to the Participant without interest.

      

      

      19.          Special Rules and
            Sub-Plans.  Notwithstanding anything herein to the contrary, the Administrator may adopt special rules or sub-plans applicable to the Employees of a particular Participating Company, whenever the Administrator determines that such rules
          are necessary or appropriate for the implementation of the Plan in a jurisdiction where such Participating Company has employees, regarding, without limitation, eligibility to participate in the Plan, handling and making of payroll deductions or
          contributions by other means, establishment of bank or trust accounts to hold payroll deductions, payment of interest, conversion of local currency, obligation to pay payroll tax, withholding procedures and handling of share issuances, any of
          which may vary according to applicable requirements; provided that if such special rules or sub-plans are inconsistent with the requirements of Section 423 of the Code, the Employees subject to such special rules or sub-plans will
          participate in the Non-423 Component.

      

      

      
        
          

      

      20.          Section 409A of the Code; Tax
          Qualification.

      

      

      (a)        Section 409.  Options

          granted under the 423 Component are intended to be exempt from the application of Section 409A of the Code under U.S. Treasury Regulation Section 1.409A-1(b)(5)(ii).  Options granted under the Non-423 Component to U.S. taxpayers are intended to
          be exempt from the application of Section 409A of the Code under the short-term deferral exception and any ambiguities will be construed and interpreted in accordance with such intent.  Subject to Section 20(b) below, Options granted to
          U.S. taxpayers under the Non-423 Component will be subject to such terms and conditions that will permit such Option to satisfy the requirements of the short-term deferral exception available under Section 409A of the Code, including the
          requirement that the shares subject to an Option be delivered within the short-term deferral period.  Subject to Section 20(b) below, in the case of a Participant who would otherwise be subject to Section 409A of the Code, the Option will
          be granted, exercised, paid, settled or deferred in a manner that will comply with Section 409A of the Code, including U.S. Department of Treasury regulations and other interpretive guidance issued thereunder, including without limitation, any
          such regulations or other guidance that may be issued after the adoption of the Plan.  Notwithstanding the forgoing, the Company will have no liability to a Participant or any other party if the Option that is intended to be exempt from or
          compliant with Section 409A of the Code is not so exempt or compliant or for any action taken by the Administrator with respect thereto.

      

      

      (b)        Tax Qualification. 
          Although the Company may endeavor to (i) qualify an Option for special tax treatment under the laws of the United States or any jurisdiction outside of the United States, or (ii) avoid adverse tax treatment, the Company makes no representations
          to that effect and expressly disavows any covenant to maintain special or to avoid unfavorable tax treatment, notwithstanding anything to the contrary in this Plan, including Section 20(a) above.

      

      

      21.          Approvals; Compliance
            with Law.  Shareholder approval of the Plan will be obtained prior to the date that is twelve (12) months after the date of Board approval.  In the event that the Plan has not been approved by the shareholders of the Company prior to the
          first anniversary of the Effective Date, all Options to purchase shares of Stock under the Plan will be cancelled and become null and void.  Notwithstanding anything herein to the contrary, the obligation of the Company to issue and deliver
          shares of Stock under the Plan will be subject to the approval required of any governmental authority in connection with the authorization, issuance, sale or transfer of such shares of Stock and to any requirements of any national securities
          exchange applicable thereto, and to compliance by the Company with any and all other applicable legal requirements in effect from time to time, including without limitation, any legal requirements under the Securities Act and the Exchange Act.

      

      

      22.          Participants’ Rights as
            Shareholders and Employees.  A Participant will have no rights or privileges as a shareholder of the Company and will not receive any dividends in respect of any shares of Stock covered by an Option granted hereunder until such Option
          has been exercised, full payment has been made for such shares, and the shares have been issued to the Participant.  Nothing contained in the provisions of the Plan will be construed as giving to any Employee the right to be retained in the
          employ of any Participating Company or as interfering with the right of any Participating Company to discharge, promote, demote or otherwise re-assign any Employee from one position to another within any Participating Company at any time.

       

        

      
        
          

      

      23.          Limitation on
            Dispositions; Information Regarding Disqualifying Dispositions.  Shares of Stock purchased under the Plan may, as determined by the Administrator in its sole discretion, be subject to a holding period during which such shares may not be
          sold, transferred, withdrawn or moved.  By electing to participate in the Plan, each Participant agrees to provide such information about any transfer of Stock acquired under the Plan that occurs within two years after the first day of the
          Offering Period in which such Stock was acquired and within one year after the day such Stock was purchased, as may be requested by the Company or any other Participating Company in order to assist it in complying with applicable tax laws.

      

      

      24.          Severability.  If

          any provisions of the Plan is or becomes or is deemed to be invalid, illegal or unenforceable for any reason in any jurisdiction or as to any Participant, such invalidity, illegality or unenforceability will not affect the remaining parts of the
          Plan, and the Plan will be construed and enforced as to such jurisdiction or Participant as if the invalid, illegal or unenforceable provision had not been included.

      

      

      25.          Successors and Assigns. 
          The Plan shall be binding on the Company and its successors and assigns.

      

      

      26.          Headings.  The
          headings of sections herein are included solely for convenience and shall not affect the meaning of any of the provisions of the Plan.

      

      

      27.          Governing Law.  The

          Plan will be governed by and administered in accordance with the laws of the State of Delaware, without regard to conflict of law principles.

      

      

      28.          Effective Date and Term. 
          The Plan will become effective on the Effective Date.  No Options will be exercised unless and until the Plan has been approved by the stockholders of the Company, which approval must be within 12 months before or after the date the Plan is
          adopted (or, if required under Section 18(a) of the Plan, amended) by the Board.  No rights will be granted hereunder after the earliest to occur of:  (a) the Plan’s termination by the Company, (b) the issuance of all shares of Stock
          available for issuance under the Plan, or (c) the day before the 10-year anniversary of the Effective Date.

      

      

      *  *  *  *  *  *  *  *  *  *

       

      

      
        
          

      

      Exhibit A

      

      

      List of Participating Companies

      

      

      The following is a list of Participating Companies as of the Effective Date of the Plan:

      

      

      	

            	•	
              Thryv Holdings, Inc.

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