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JOINDER AND FOURTH AMENDMENT AGREEMENT
JOINDER AND FOURTH AMENDMENT AGREEMENT, dated as of August 10, 2020 (this “Agreement”), by and among, Desert Newco, LLC, a Delaware limited liability company (“Holdings”), GO DADDY OPERATING COMPANY, LLC, a Delaware limited liability company and GD FINANCE CO, INC., a Delaware corporation (collectively, the “Borrowers”), the Guarantors, each Tranche B-3 Term Loan Lender (as defined below) and Barclays Bank PLC, as Administrative Agent (the “Administrative Agent”) and Collateral Agent.
RECITALS:
WHEREAS, reference is hereby made to the Second Amended and Restated Credit Agreement, dated as of February 15, 2017, as amended by Amendment No. 1, dated as of November 22, 2017, as amended by Joinder and Amendment Agreement, dated as of June 4, 2019, and as further amended by Amendment No. 3, dated as of October 3, 2019 (as further amended, restated, supplemented or otherwise modified from time to time prior to the date hereof, the “Credit Agreement”; and the Credit Agreement as amended by this Agreement, the “Amended Credit Agreement”), among Holdings, the Borrowers, the lending institutions from time to time party thereto and Barclays Bank PLC, as Administrative Agent, Collateral Agent, Swingline Lender and a Letter of Credit Issuer (capitalized terms used but not defined herein having the meaning provided in the Amended Credit Agreement); 
WHEREAS, the Borrowers have notified the Administrative Agent that they are requesting, pursuant to Section 2.14(a)(x) of the Credit Agreement and clause (ii) of the definition of Maximum Incremental Facilities Amount, the establishment of a tranche of New Term Loan Commitments in an aggregate principal amount of $750,000,000 (the “Tranche B-3 Term Loan Commitments” and the New Term Loans thereunder, the “Tranche B-3 Term Loans”);
WHEREAS, subject to the terms and conditions of the Credit Agreement, the Borrowers may establish New Term Loan Commitments by, among other things, entering into one or more Joinder Agreements with New Term Loan Lenders;
WHEREAS each Tranche B-3 Term Loan Lender party hereto has agreed to provide Tranche B-3 Term Loan Commitments in the amount listed opposite its name on Schedule I hereto on the terms and subject to the conditions set forth in this Agreement; and
WHEREAS, Morgan Stanley Senior Funding, Inc. shall serve as the lead arranger and bookrunner in connection with this Agreement (the “Amendment No. 4 Arranger”);
NOW, THEREFORE, in consideration of the premises and agreements, provisions and covenants herein contained, the parties hereto agree as follows:
ARTICLE I.  THE NEW TERM LOAN COMMITMENTS
Effective as of the Amendment No. 4 Closing Date (as hereinafter defined):
Each Tranche B-3 Term Loan Lender party hereto hereby agrees to commit to provide its respective Tranche B-3 Term Loan Commitment in the amount listed opposite its name on Schedule I hereto, on the terms set forth in this Agreement and subject solely to the satisfaction of the Amendment No. 4 Closing Date Conditions (as hereinafter defined).

Each Tranche B-3 Term Loan Lender (i) confirms that it has received a copy of the Credit Agreement and the other Credit Documents and the exhibits thereto, together with copies of the financial statements referred to therein and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Agreement and the Amended Credit Agreement; (ii) agrees that it will, independently and without reliance upon the Administrative Agent, the Collateral Agent or any other Lender or Agent and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement and the Amended Credit Agreement; (iii) appoints and authorizes the Administrative Agent and the Collateral Agent to take such action as agent on its behalf and to exercise such powers under the Amended Credit Agreement and the other Credit Documents as are delegated to the Administrative Agent or the Collateral Agent, as the case may be, by the terms thereof, together with such powers as are reasonably incidental thereto; and (iv) agrees that it will perform in accordance with their terms all of the obligations which by the terms of this Agreement and the Amended Credit Agreement are required to be performed by it as a Term Loan Lender.
Each Tranche B-3 Term Loan Lender hereby agrees that its Tranche B-3 Term Loan Commitment will be made on the terms set forth in this Agreement and the Amended Credit Agreement and subject to the satisfaction of the Amendment No. 4 Closing Date Conditions.  The Borrowers and the Administrative Agent hereby agree that the Credit Agreement will be amended to provide for the Tranche B-3 Term Loan Commitments as set forth in this Agreement upon the satisfaction of the Amendment No. 4 Closing Date Conditions.
Each of the parties hereto agrees:
1.Terms Generally.  For all purposes under the Amended Credit Agreement and the other Credit Documents (including this Agreement (unless the context dictates otherwise)), the Tranche B-3 Term Loans shall be deemed to be Term Loans under the Amended Credit Agreement, with such terms as set forth therein (except as modified by this Agreement), and will comprise a separate Class of Term Loans under the Amended Credit Agreement.  For the avoidance of doubt, the Tranche B-3 Term Loans (and all principal, interest and other amounts in respect thereof) will constitute “Obligations” under the Credit Agreement and the other Credit Documents and shall have the same rights and obligations under the Credit Agreement and Credit Documents as the Term Loans outstanding under the Credit Agreement immediately prior to the date of this Agreement.
2.Credit Agreement Governs.  Except as set forth in this Agreement, the Tranche B-3 Term Loan Commitments shall otherwise be subject to the provisions of the Amended Credit Agreement and the other Credit Documents.
3.Consents.  The Administrative Agent hereby consents to each financial institution named on Schedule I hereto as a Tranche B-3 Term Loan Lender.
ARTICLE II.  AMENDMENTS
         As of the Amendment No. 4 Closing Date, the Credit Agreement is hereby amended as follows:
1. The following defined terms shall be added to Section 1.1 of the Credit Agreement:
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         “Amendment No. 4” shall mean the Joinder and Fourth Amendment Agreement to this Agreement, dated as of the Amendment No. 4 Closing Date.
         “Amendment No. 4 Arranger” shall have the meaning provided in Amendment No. 4. 
         “Amendment No. 4 Closing Date” shall have the meaning provided in Amendment No. 4.
         “Amendment No. 4 Closing Date Conditions” shall have the meaning provided in Amendment No. 4.
         “Tranche B-3 MFN Protection” shall have the meaning set forth in the proviso to Section 2.14(d)(iii).
         “Tranche B-3 Term Loan Commitments” shall have the meaning provided in Amendment No. 4.
         “Tranche B-3 Term Loan Lender” shall have the meaning provided in Amendment No. 4. 
         “Tranche B-3 Term Loan Repayment Amount” shall have the meaning set forth in Section 2.5(b).
         “Tranche B-3 Term Loans” shall have the meaning provided in Amendment No. 4.
         “Tranche B-3 Term Loan Maturity Date” shall mean August 10, 2027 or, if such date is not a Business Day, the immediately preceding Business Day. 
2.  The definition of “Applicable Margin” is hereby amended to replace clause (a) thereof with the following: 
“(a) (1) for LIBOR Loans that are Tranche B-2 Term Loans, 1.75%, (2) for LIBOR Loans that are Tranche B-3 Term Loans, 2.50%, (3) for ABR Loans that are Tranche B-2 Term Loans, 0.75% and (4) for ABR Loans that are Tranche B-3 Term Loans, 1.50%.”

3.  The definition of “Class” is hereby deleted and replaced in its entirety with the following: 
“Class” (i) when used in reference to any Loan or Borrowing, shall refer to whether such Loan, or the Loans comprising such Borrowing, are Revolving Credit Loans, Additional Revolving Credit Loans, New Revolving Credit Loans, Initial Term Loans, Delayed Draw Term Loans, New Term Loans (of each Series), Extended Term Loans (of the same Extension Series), Replacement Term Loans (of the same Series), Extended Revolving Credit Loans (of the same Extension Series), or Swingline Loans and (ii) when used in reference to any Commitment, refers to whether such Commitment is a Revolving Credit Commitment, a Delayed Revolving Credit Commitment, an Additional Revolving Credit Commitment, a New Revolving Credit Commitment, an Extended Revolving Credit Commitment (of the same Extension Series), an Initial Term Loan Commitment, Delayed Draw Term Loan Commitment or a New Term Loan Commitment.  From and after the Delayed Draw Closing Date, if any, (i) the Initial Term Loans and the Delayed Draw Term Loans shall be fungible with each other and constitute one and the 
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same Class for all purposes under this Agreement and the other Credit Documents, (ii) the Initial Revolving Credit Commitments and the Delayed Revolving Credit Commitments shall be fungible with each other and constitute one and the same Class for all purposes under this Agreement and the other Credit Documents and (iii) the Tranche B-3 Term Loans shall be a separate Class for all purposes under this Agreement and the other Credit Documents. 
4.  The definition of “Joint Lead Arrangers and Bookrunners” is hereby deleted and replaced in its entirety with the following: 
“Joint Lead Arrangers and Bookrunners” shall mean BARCLAYS BANK PLC, DEUTSCHE BANK SECURITIES INC., CITIGROUP, RBC CAPITAL MARKETS, JPMORGAN CHASE BANK, N.A., HSBC SECURITIES (USA) INC., SG AMERICAS SECURITIES, LLC, the Amendment No. 1 Arrangers, the Amendment No. 2 Arrangers, the Amendment No. 3 Arrangers and the Amendment No. 4 Arranger.
5.  The definition of “Permitted Other Indebtedness” is hereby amended by replacing clause (ii) in its entirety with the following: 
“(ii) have the same lien priority as the First Lien Obligations (without regard to control of remedies); provided, that if such Permitted Other Indebtedness is in the form of secured first lien term loans, then such Permitted Other Indebtedness shall be subject to the MFN Protection and the Tranche B-3 MFN Protection, or”
6.  The definition of “Repayment Amount” is hereby deleted and replaced in its entirety with the following:
“Repayment Amount” shall mean the Initial Term Loan Repayment Amount, Delayed Draw Term Loan Repayment Amount, Tranche B-3 Term Loan Repayment Amount, a New Term Loan Repayment Amount with respect to any Series, or an Extended Term Loan Repayment Amount with respect to any Extension Series, as applicable.
7. The definition of “Term Loans” is hereby deleted and replaced in its entirety with the following: 
“Term Loans” shall mean the Initial Term Loans, Delayed Draw Term Loans, the Tranche B-1 Term Loans, the Tranche B-2 Term Loans, the Tranche B-3 Term Loans, any New Term Loans, any Replacement Term Loans, and any Extended Term Loans, collectively.
8. Section 2.5(b) of the Credit Agreement is hereby amended by adding the following at the end of the subsection: 
“The Borrowers shall make principal payments on the Tranche B-3 Term Loans (x) on the last Business Day of each fiscal quarter of the Borrowers, commencing with the fiscal quarter ending closest to September 30, 2020, a principal amount in respect of each of the Tranche B-3 Term Loans equal to 0.25% of the outstanding principal amount of Tranche B-3 Term Loans made on the Amendment No. 4 Closing Date and (y) on the Tranche B-3 Term Loan Maturity Date, any remaining outstanding amount of Tranche B-3 Term Loans (each, a “Tranche B-3 Term Loan Repayment Amount”).”
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9. Section 2.14(d)(iii) of the Credit Agreement is hereby amended by replacing the last word “and” with the following: 
“provided, further, that with respect to any New Term Loan incurred pursuant to clause (i)(a) of the definition of “Maximum Incremental Facilities Amount” that matures earlier than two years after the Tranche B-3 Term Loan Maturity Date, only during the period commencing on the Amendment No. 4 Closing Date and ending on the date that is 12 months after the Amendment No. 4 Closing Date, if the Effective Yield for LIBOR Loans in respect of such Term Loans exceeds the Effective Yield for LIBOR Loans in respect of the then existing Tranche B-3 Term Loans by more than 0.50%, the Applicable Margin for LIBOR Loans in respect of the then existing Tranche B-3 Term Loans shall be adjusted so that the Effective Yield in respect of the then existing Tranche B-3 Term Loans is equal to the Effective Yield for LIBOR Loans in respect of the Term Loans minus 0.50%; (the “Tranche B-3 MFN Protection”) and”
10. Section 2.14(d)(iv) of the Credit Agreement is hereby amended by replacing the final proviso with the following: 
“provided, further, that the MFN Protection and the Tranche B-3 MFN Protection shall not apply to up to $350 million of New Term Loans (as selected by the Borrowers).”
11. Section 5.1 of the Credit Agreement is hereby amended by adding the following paragraph at the end thereof:
“(c)  In the event that, on or prior to the six-month anniversary of the Amendment No. 4 Closing Date, the Borrowers (i) make any prepayment of Tranche B-3 Term Loans in connection with any Repricing Transaction the primary purpose of which is to decrease the Effective Yield on such Tranche B-3 Term Loans or (ii) effect any amendment of this Agreement resulting in a Repricing Transaction the primary purpose of which is to decrease the Effective Yield on the Tranche B-3 Term Loans, the Borrowers shall pay to the Administrative Agent, for the ratable account of each of the applicable Lenders, (x) in the case of clause (i), a prepayment premium of 1.00% of the principal amount of the Tranche B-3 Term Loans being prepaid in connection with such Repricing Transaction and (y) in the case of clause (ii), an amount equal to 1.00% of the aggregate amount of the applicable Tranche B-3 Term Loans outstanding immediately prior to such amendment that are subject to an effective pricing reduction pursuant to such Repricing Transaction.”
12. Section 9.13(a) is hereby amended by adding the following sentence at the end thereof: 
“The Borrowers will use the proceeds of Tranche B-3 Term Loans for working capital and general corporate purposes (including any transaction not prohibited by the Credit Documents).”
ARTICLE III.  OTHER TERMS OF THE JOINDER AND AMENDMENT AGREEMENT
1.Representations and Warranties.  Each Credit Party represents and warrants to the Lenders as of the Amendment No. 4 Closing Date that:
a.Each Credit Party has taken all necessary organizational action to authorize the execution and delivery of this Agreement.
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b.Each Credit Party has duly executed and delivered this Agreement and this Agreement and the Amended Credit Agreement constitutes the legal, valid and binding obligation of such Credit Party enforceable in accordance with its terms, except as the enforceability thereof may be limited by bankruptcy, insolvency or similar laws affecting creditors’ rights generally and subject to general principles of equity.
c.The execution, delivery and performance by each Credit Party of this Agreement, and the performance by each Credit Party of the Amended Credit Agreement will not (a) contravene any applicable provision of any material law, statute, rule, regulation, order, writ, injunction or decree of any court or governmental instrumentality, (b) result in any breach of any of the terms, covenants, conditions or provisions of, or constitute a default under, or result in the creation or imposition of (or the obligation to create or impose) any Lien upon any of the property or assets of any Credit Party or any of the Restricted Subsidiaries (other than Liens created under the Credit Documents) pursuant to, the terms of any material indenture, loan agreement, lease agreement, mortgage, deed of trust, agreement or other material instrument to which such Credit Party or any of the Restricted Subsidiaries is a party or by which it or any of its property or assets is bound other than any such breach, default or Lien that could not reasonably be expected to result in a Material Adverse Effect or (c) violate any provision of the certificate of incorporation, by-laws or other organizational documents of such Credit Party or any of the Restricted Subsidiaries.
d.Before and after giving effect to this Agreement, the representations and warranties made by any Credit Party contained in the Credit Agreement and in the other Credit Documents are true and correct in all material respects (or if qualified by “materiality,” “material adverse effect” or similar language, in all respects (after giving effect to such qualification)) with the same effect as though such representations and warranties had been made on and as of the Amendment No. 4 Closing Date, except where such representations and warranties expressly relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects (or if qualified by “materiality,” “material adverse effect” or similar language, in all respects (after giving effect to such qualification)) as of such earlier date.
e.At the time of and after giving effect to this Agreement, no Default or Event of Default has occurred and is continuing.
f.As of the Amendment No. 4 Closing Date, the information included in the Beneficial Ownership Certification, if applicable, is true and correct in all respects. 
2.Amendment No. 4 Effective Date Conditions.  This Agreement will become effective on the date on which the Amendment No. 4 Arranger receives executed counterparts of this Agreement from the Borrowers and each Guarantor (the “Effective Date”), which Effective Date shall not be later than 11:00 a.m., New York City time, on August 10, 2020 (the “Expiration Time”) (provided, that the obligations and agreements of the Amendment No. 4 Arranger contained herein will expire on such Expiration Time; provided, further that the confidentiality and indemnity provisions contained in the Engagement Letter, shall expressly survive).
3.Amendment No. 4 Closing Date Conditions.  The obligations of each Tranche B-3 Term Loan Lender to provide its Tranche B-3 Term Loan Commitments and fund such Tranche B-3 Term 
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Loans on the Effective Date is subject solely to the satisfaction or waiver of each of the following conditions (the “Amendment No. 4 Closing Date Conditions”; and the date on which such conditions are satisfied or waived, the “Amendment No. 4 Closing Date”):
a.The Administrative Agent shall have received (i) from each Tranche B-3 Term Loan Lender, (ii) from the Administrative Agent and (iii) from Holdings, the Borrowers and each other Guarantor, either (x) a counterpart of this Agreement signed on behalf of such party or (y) written evidence satisfactory to the Administrative Agent (which may include telecopy or other electronic transmission of a signed signature page of this Agreement) that such party has signed a counterpart of this Agreement;
b.The Administrative Agent shall have received the executed legal opinion of Wilson Sonsini Goodrich & Rosati, special counsel to the Borrowers and the other Credit Parties.  The Borrowers, the other Credit Parties and the Administrative Agent hereby instruct such counsel to deliver such legal opinion;
c.The Borrowers shall have paid to (i) the Amendment No. 4 Arranger, the fees in the amounts previously agreed in writing to be received on the Amendment No. 4 Closing Date, (ii) the Amendment No. 4 Arranger, for the account of each Tranche B-3 Term Loan Lender, an upfront fee in the amount previously agreed in writing, based on such Tranche B-3 Loan Lender’s Tranche B-3 Term Loan Commitments, to be received on the Amendment No. 4 Closing Date; and (iii) the Administrative Agent and the Amendment No. 4 Arranger as applicable, all reasonable costs and expenses (including, without limitation the reasonable fees, charges and disbursements of Cahill Gordon & Reindel LLP, counsel for the Amendment No. 4 Arranger) of the Administrative Agent and the Amendment No. 4 Arranger, as applicable, for which invoices have been presented prior to the Amendment No. 4 Closing Date; 
d.The Administrative Agent shall have received a completed “Life-of-Loan” Federal Emergency Management Agency Standard Flood Hazard Determination with respect to the Mortgaged Properties (together with a notice about special flood hazard area status and flood disaster assistance duly executed by the Borrowers and the applicable Credit Party relating thereto) and, if any such Mortgaged Property is at any time located in an area identified by the Federal Emergency Management Agency (or any successor agency) as a special flood hazard area with respect to which flood insurance has been made available under the Flood Insurance Laws, evidence of flood insurance to the extent required pursuant to the Credit Agreement; 
e.The Administrative Agent shall have received the results of (i) searches of the Uniform Commercial Code filings (or equivalent filings) and (ii) bankruptcy, judgment, tax and intellectual property lien searches, made with respect to the Credit Parties in the states of formation of such Person, together with (in the case of clause (i)) copies of the financing statements (or similar documents) disclosed by such search;
f.The Administrative Agent (or its counsel) shall have received either (i) (A) a certificate of each of Holdings and the Borrowers, dated the Amendment No. 4 Closing Date, substantially in the form of Exhibit G to the Credit Agreement, with appropriate insertions, executed by any Authorized Officer (or in the case of Holdings any Director or authorized agent of Holdings) and the Secretary or any Assistant Secretary of Holdings 
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or the Borrowers (or in the case of Holdings any Director or authorized agent of Holdings), as applicable, and attaching the documents referred to in the following clause (B), and (B) (x) a copy of the resolutions of the board of directors or other managers of Holdings and the Borrowers (or a duly authorized committee thereof) authorizing (I) the execution, delivery, and performance of this Agreement (and any agreements relating thereto) to which it is a party and (II) in the case of the Borrowers, the extensions of credit contemplated hereunder, (y) the Certificate of Incorporation and By-Laws, Certificate of Formation and Operating Agreement or other comparable organizational documents, as applicable, of Holdings and the Borrowers and (z) signature and incumbency certificates (or other comparable documents evidencing the same) of the Authorized Officers of Holdings and the Borrowers executing the Credit Documents to which it is a party or (ii) a certificate of Holdings on behalf of each Borrower, dated the Amendment No. 4 Closing Date and executed by an Authorized Officer of Holdings, certifying that, except as otherwise indicated therein, there have been no amendments, supplements or modifications since the Closing Date to the documents delivered on the Closing Date pursuant to Sections 6.3 and 6.4 of the Credit Agreement; 
g.The Amendment No. 4 Arranger and the Tranche B-3 Term Loan Lenders shall have received (and shall be reasonably satisfied with), (i) at least three Business Days prior to the Amendment No. 4 Closing Date, all documentation and other information about the Borrowers, Holdings and the other Credit Parties as shall have been reasonably requested in writing at least ten Business Days prior to the Amendment No. 4 Closing Date by the Administrative Agent, the Amendment No. 4 Arrangers or an Tranche B-3 Term Loan Lender that they shall have reasonably determined is required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including without limitation the USA PATRIOT Act and (ii) at least three Business Days prior to the Amendment No. 4 Closing Date, from each Borrower, if it qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, a Beneficial Ownership Certification in relation to such Borrower; 
h.The Administrative Agent shall have received a certificate from the Chief Executive Officer, President, the Chief Financial Officer, the Treasurer, the Vice President-Finance, or any other senior financial officer of Holdings or the Borrowers to the effect that after giving effect to the Amendment, Holdings on a consolidated basis with the Restricted Subsidiaries is Solvent; and
i.The Administrative Agent shall have received a certificate of an Authorized Officer of Holdings or the Borrowers to the effect that the representations and warranties made in clauses (1)(d) and (e) of Article III of this Agreement are true and correct.
j.The Expiration Time shall not have occurred.  
k.The Inside Date shall have occurred.  “Inside Date” shall mean 11:59 p.m., New York City time, August 7, 2020.
l.The Administrative Agent shall have received a Notice of Borrowing with respect to the Tranche B-3 Term Loans.
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4.Post-Closing Agreement.  Holdings hereby agrees to take, and cause the other applicable Credit Parties to take, the actions listed on Schedule II to this Agreement within 90 days of the Amendment No. 4 Closing Date (or such later date as the Administrative Agent in its reasonable discretion may agree).
5.Notice.  For purposes of the Amended Credit Agreement, the initial notice address of each Tranche B-3 Term Loan Lender shall be as set forth below its signature below.
6.Tax Forms.  For each Tranche B-3 Term Loan Lender, delivered herewith (if not already delivered previously) to the Administrative Agent are such forms, certificates or other evidence with respect to United States federal income tax withholding matters as such Tranche B-3 Term Loan Lender is required to deliver to the Administrative Agent pursuant to Section 5.4(e) of the Amended Credit Agreement.
7.Recordation of the Tranche B-3 Term Loan Commitments.  Upon the occurrence of the Amendment No. 4 Closing Date, the Administrative Agent shall record the Tranche B-3 Term Loan Commitments made by each Tranche B-3 Term Loan Lender in the Register.
8.Amendment, Modification and Waiver.  This Agreement may not be amended, modified or waived except by an instrument or instruments in writing signed and delivered on behalf of each of the parties hereto.
9.Entire Agreement.  This Agreement, the Amended Credit Agreement and the other Credit Documents constitute the entire agreement among the parties with respect to the subject matter hereof and thereof and supersede all other prior agreements and understandings, both written and verbal, among the parties or any of them with respect to the subject matter hereof.
10.GOVERNING LAW; SUBMISSION TO JURISDICTION; WAIVERS OF JURY TRIAL.  THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.  Section 13.13 and Section 13.15 of the Credit Agreement are hereby incorporated into this Agreement mutatis mutandis.
11.Severability.  Any term or provision of this Agreement which is invalid or unenforceable in any jurisdiction shall, as to that jurisdiction, be ineffective to the extent of such invalidity or unenforceability without rendering invalid or unenforceable the remaining terms and provisions of this Agreement or affecting the validity or enforceability of any of the terms or provisions of this Agreement in any other jurisdiction.  If any provision of this Agreement is so broad as to be unenforceable, the provision shall be interpreted to be only as broad as would be enforceable.
12.Counterparts.  This Agreement may be executed in counterparts (including by facsimile or other electronic transmission), each of which shall be deemed to be an original, but all of which shall constitute one and the same agreement.  The words “execution,” “signed,” “signature,” “delivery,” and words of like import in or relating to this Agreement or any document to be signed in connection with this Agreement shall be deemed to include electronic signatures, deliveries or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, the Federal Electronic Signatures in Global and National Commerce Act, 
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the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act, and the parties hereto consent to conduct the transactions contemplated hereunder by electronic means.
13.Credit Document.  On and after the Amendment No. 4 Closing Date, this Agreement shall constitute a “Credit Document” for all purposes of the Amended Credit Agreement and the other Credit Documents (it being understood that, for the avoidance of doubt, this Agreement may be amended or waived solely by the parties hereto as set forth herein).
14.Reaffirmation.  Each Credit Party hereby expressly acknowledges the terms of this Agreement and reaffirms, as of the Amendment No. 4 Closing Date, and after giving effect to this Agreement, (i) the covenants, guarantees, pledges, grants of Liens and agreements or other commitments contained in each Credit Document to which it is a party, including, in each case, such covenants, guarantees, pledges, grants of Liens and agreements or other commitments as in effect immediately after giving effect to this Agreement and the transactions contemplated hereby, (ii) its guarantee of the Obligations (including, without limitation, the Term Loans (including the Tranche B-3 Term Loans)) under each Guarantee, as applicable, (iii) its grant and the validity of Liens granted by it on the Collateral to secure the Obligations (including, without limitation, the Obligations with respect to the Term Loans (including the Tranche B-3 Term Loans)) pursuant to the Security Documents. Each Credit Party hereby agrees that after giving effect to this Agreement (A) each Credit Document to which it is a party shall continue to be in full force and effect and (B) all guarantees, pledges, grants of Liens, covenants, agreements and other commitments by such Credit Party under the Credit Documents shall continue to be in full force and effect and shall accrue to the benefit of the Secured Parties and shall not be affected, impaired or discharged hereby or by the transactions contemplated in this Agreement.
15.Effect of Amendment.  Except as expressly set forth herein, this Agreement shall not by implication or otherwise limit, impair, constitute a waiver of, or otherwise affect the rights and remedies of, the Lenders or the Administrative Agent under the Credit Agreement or any other Credit Document, and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Credit Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect.  The parties hereto acknowledge and agree that the amendment of the Credit Agreement pursuant to this Agreement and all other Credit Documents amended and/or executed and delivered in connection herewith shall not constitute a novation of the Credit Agreement or the other Credit Documents as in effect prior to the date hereof.  Nothing herein shall be deemed to establish a precedent for purposes of interpreting the provisions of the Amended Credit Agreement or entitle any Credit Party to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Amended Credit Agreement or any other Credit Document in similar or different circumstances. Upon and after the execution of this Agreement by each of the parties hereto, this Agreement shall constitute a Credit Document and each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Credit Agreement, and each reference in the other Credit Documents to “the Credit Agreement”, “thereunder”, “thereof” or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement as modified hereby.

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[signature pages to follow]

IN WITNESS WHEREOF, each of the undersigned has caused its duly authorized officer to execute and deliver this Agreement as of the date first set forth above.
MORGAN STANLEY BANK, N.A.

By: /s/ Andrew Earls   
Name: Andrew Earls
Title: Authorized Signatory
Notice Address:
1300 Thames Street, 4th Floor
Thames Street Wharf
Baltimore, MD, 21231
Attention: Morgan Stanley Bank, N.A.
Telephone: (443) 627-4355
[Signature Page to Joinder and Amendment No. 4]

GO DADDY OPERATING COMPANY, LLC
By: /s/ Nima Jacobs Kelly   
Name: Nima Jacobs Kelly
Title: EVP, Chief Legal Officer, and Corporate Secretary 
GD FINANCE CO, INC.
By: /s/ Nima Jacobs Kelly   
Name: Nima Jacobs Kelly
Title: Corporate Secretary and Chief Legal  Officer
DESERT NEWCO, LLC
By: /s/ Nima Jacobs Kelly   
Name: Nima Jacobs Kelly
Title: EVP, Chief Legal Officer, and Corporate Secretary 
GODADDY.COM, LLC,
as a Guarantor
By: /s/ Nima Jacobs Kelly    
Name: Nima Jacobs Kelly
Title: EVP, Chief Legal Officer, and Corporate Secretary 
         
WILD WEST DOMAINS, LLC,
as a Guarantor
By: /s/ Nima Jacobs Kelly   
Name: Nima Jacobs Kelly
Title: EVP, Chief Legal Officer, and Corporate Secretary  
SPECIAL DOMAIN SERVICES, LLC,
as a Guarantor
By: /s/ Nima Jacobs Kelly   
Name: Nima Jacobs Kelly
Title: EVP, Chief Legal Officer, and Corporate Secretary 
 
[Signature Page to Joinder and Amendment No. 4]

DOMAINS BY PROXY, LLC,
as a Guarantor
By: /s/ Nima Jacobs Kelly   
Name: Nima Jacobs Kelly
Title: EVP, Chief Legal Officer, and Corporate Secretary 
BLUE RAZOR DOMAINS, LLC,
as a Guarantor
By: /s/ Nima Jacobs Kelly   
Name: Nima Jacobs Kelly
Title: EVP, Chief Legal Officer, and Corporate Secretary 
STARFIELD TECHNOLOGIES, LLC,
as a Guarantor
By: /s/ Nima Jacobs Kelly   
Name: Nima Jacobs Kelly
Title: EVP, Chief Legal Officer, and Corporate Secretary 
GO AUSTRALIA DOMAINS, LLC,
as a Guarantor
By: /s/ Nima Jacobs Kelly   
Name: Nima Jacobs Kelly
Title: EVP, Chief Legal Officer, and Corporate Secretary  
GO CANADA DOMAINS, LLC,
as a Guarantor
By: /s/ Nima Jacobs Kelly   
Name: Nima Jacobs Kelly
Title: EVP, Chief Legal Officer, and Corporate Secretary
[Signature Page to Joinder and Amendment No. 4]

GO FRANCE DOMAINS, LLC,
as a Guarantor
By: /s/ Nima Jacobs Kelly   
Name: Nima Jacobs Kelly
Title: EVP, Chief Legal Officer, and Corporate Secretary
GO MONTENEGRO DOMAINS, LLC,
as a Guarantor
By: /s/ Nima Jacobs Kelly   
Name: Nima Jacobs Kelly
Title: EVP, Chief Legal Officer, and Corporate Secretary
GO CHINA DOMAINS, LLC,
as a Guarantor
By: /s/ Nima Jacobs Kelly   
Name: Nima Jacobs Kelly
Title: EVP, Chief Legal Officer, and Corporate Secretary
GO DADDY EAST, LLC,
as a Guarantor
By: /s/ Nima Jacobs Kelly   
Name: Nima Jacobs Kelly
Title: EVP, Chief Legal Officer, and Corporate Secretary
AFTERNIC SERVICES, LLC,
as a Guarantor
By: /s/ Nima Jacobs Kelly   
Name: Nima Jacobs Kelly
Title: Executive Vice President

[Signature Page to Joinder and Amendment No. 4]

NAMEFIND LLC,
as a Guarantor
By: /s/ Nima Jacobs Kelly   
Name: Nima Jacobs Kelly
Title: EVP, Chief Legal Officer, and Corporate Secretary
CALLCATCHERS INC.,
as a Guarantor
By: /s/ Nima Jacobs Kelly   
Name: Nima Jacobs Kelly
Title: Corporate Secretary
GODADDY MEDIA TEMPLE, INC.,
as a Guarantor
By: /s/ Nima Jacobs Kelly   
Name: Nima Jacobs Kelly
Title: Corporate Secretary

[Signature Page to Joinder and Amendment No. 4]

Consented to by:

BARCLAYS BANK PLC, as Administrative Agent and Collateral Agent 
By: /s/ Martin Corrigan   
Name: Martin Corrigan
Title: Vice President

[Signature Page to Joinder and Amendment No. 4]

Schedule I

						
	Tranche B-3 Term Loan Lender	Tranche B-3 Term Loan Commitment
	Morgan Stanley Bank, N.A.	$750,000,000
	Total:	$750,000,000

         

Schedule II

Action to be taken within 90 days of the Amendment No. 4 Closing Date
unless otherwise noted
(or such later date as the Administrative Agent in its reasonable discretion may agree)
1.A date down endorsement to the existing Title Policy, which shall be in form and substance reasonably satisfactory to the Administrative Agent and reasonably assures the Administrative Agent as of the date of such endorsement that the Mortgaged Property subject to the lien of such Mortgage is free and clear of all defects and encumbrances except those Liens permitted under such Mortgage;
2.such affidavits, certificates, information and instruments of indemnification as shall be required to induce the title insurance company to issue the endorsement to the Title Policy contemplated in this Schedule II and evidence of payment of all applicable title insurance premiums, search and examination charges, mortgage recording taxes and related charges required for the issuance of the endorsement to the Title Policy contemplated in this Schedule II; and
either:
A) a favorable opinion, addressed to the Administrative Agent and each of the Secured Parties, in form and substance reasonably satisfactory to the Administrative Agent, from local counsel in the jurisdiction in which the Mortgaged Property is located substantially to the effect that:
i) the recording of the existing Mortgage is the only filing or recording necessary to give constructive notice to third parties of the lien created by such Mortgage as security for the Obligations, including the Obligations evidenced by the Credit Agreement, as amended pursuant to this Agreement, and the other documents executed in connection therewith, for the benefit of the Secured Parties; and
ii) no other documents, instruments, filings, recordings, re-recordings, re-filings or other actions, including, without limitation, the payment of any mortgage recording taxes or similar taxes, are necessary or appropriate under applicable law in order to maintain the continued enforceability, validity or priority of the lien created by such Mortgage as security for the Obligations, including the Obligations evidenced by the Credit Agreement, as amended pursuant to this Agreement, and the other documents executed in connection therewith, for the benefit of the Secured Parties; or
B) such other documentation with respect to the Mortgaged Property, in each case in form and substance reasonably acceptable to the Administrative Agent, as shall confirm the enforceability, validity and perfection of the lien in favor of the Secured Parties, including, without limitation:

i) an amendment to the existing Mortgage (the “Mortgage Amendment”) duly executed and acknowledged by the applicable Credit Party, and in form for recording in the recording office where such Mortgage was recorded, together with such certificates, affidavits, questionnaires or returns as shall be required in connection with the recording or filing thereof under applicable law, in each case in form and substance reasonably satisfactory to the Administrative Agent;
ii) a favorable opinion, addressed to the Administrative Agent and the Secured Parties covering, among other things, the due authorization, execution, delivery and enforceability of the applicable Mortgage as amended by the Mortgage Amendment, and shall otherwise be in form and substance reasonably satisfactory to the Administrative Agent; and
iii) evidence of payment by the Borrowers of all search and examination charges escrow charges and related charges, mortgage recording taxes, fees, charges, costs and expenses required for the recording of the Mortgage Amendment referred to above.Exhibit 4.2

  

   

  

   

  

   

  

  
    

    

    CERTIFICATE OF DESIGNATION

    8.25% SERIES A CUMULATIVE REDEEMABLE PERPETUAL PREFERRED SHARES

      OF PYXIS TANKERS INC.

    The undersigned,  Valentios Valentis, does hereby certify:

    	1.	
            That he is the duly elected and acting Chief Executive Officer of Pyxis Tankers Inc., a Marshall Islands corporation (the “Company”).

          

    	2.	
            That, pursuant to the authority conferred by the Company’s Articles of Incorporation, a duly authorized committee of the Company’s Board of Directors, [at a special meeting
              held on][by unanimous written consent dated] [●], 2020, adopted the following resolution creating a series of preferred shares of the Company designated as “8.25% Series A Cumulative Redeemable Perpetual Preferred Shares.”

          

    [RESOLVED, a series of Preferred Shares, par value $0.001 per share, of the Company be and hereby is created, and that the designation and
      number of shares of such series, and the voting and other powers, preferences and relative, participating, optional or special rights and qualifications, limitations and restrictions thereof, of the shares of such series, are as follows: ]

    Section 1 Designation.

    The Board of Directors hereby designates and creates a series of preferred shares to be designated as “8.25% Series A Cumulative Redeemable
      Perpetual Preferred Shares” (the “Series A Preferred Shares”) and fixes the preferences, rights, powers and duties of the holders of the Series A Preferred Shares
      (the “Series A Preferred Holders”) as set forth in this Certificate of Designation. Each Series A Preferred Share shall be identical in all respects to every other
      Series A Preferred Share, except as to the respective dates from which dividends on the Series A Preferred Shares may begin accruing, to the extent such dates may differ. The Series A Preferred Shares represent perpetual equity interests in the
      Company and shall not give rise to a claim by the holder for redemption thereof at a particular date.

    Section 2 Shares.

    The authorized number of Series A Preferred Shares shall be [●] shares, subject to increase by filing an amendment to this Certificate of
      Designation with respect to such additional shares. The Company may, without notice to or consent of the holders of the then outstanding Series A Preferred Shares, authorize and issue additional Series A Preferred Shares.

    Series A Preferred Shares that are repurchased or otherwise acquired by the Company shall be cancelled and shall revert to the status of
      authorized but unissued preferred shares of the Company, undesignated as to series.

    Section 3 Definitions.

    “Affiliate” means, with respect to any Person, any other Person that directly or indirectly through one or more intermediaries controls, is controlled by or is under common control with, the Person in
      question. As used herein, the term “control” means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a Person, whether through ownership of voting securities, by contract or otherwise.

    “Articles of Incorporation” means the Articles of Incorporation of the Company, as they may be amended from time to time in a manner consistent with this Certificate of Designation, and shall include this
      Certificate of Designation.

    “BCA” means the Business Corporations Act of the Republic of
      the Marshall Islands.

    
      
        

    

    

    

    

    

    “Board of Directors” means the board of directors of the Company or, to the
      extent permitted by the Articles of Incorporation and the BCA, any authorized committee thereof.

    “Business Day” means any day other than Saturday, Sunday or
      other day on which commercial banks in The City of New York are authorized or required by law to remain closed; provided that banks shall not be deemed to be authorized or obligated to be closed due to a “shelter in place,” “non-essential employee”
      or similar closure of physical branch locations at the direction of any governmental authority if such banks’ electronic funds transfer systems (including for wire transfers) are open for use by customers on such day.

    “Bylaws” means the bylaws of the Company, as they may be
      amended from time to time.

    “Certificate of Designation” means this Certificate of
      Designation relating to the Series A Preferred Shares, as it may be amended from time to time in a manner consistent with this Certificate of Designation, the Articles of Incorporation, the Bylaws and the BCA.

    “Change of Control” means an event the result of which is
      that (i) Mr. Valentios Valentis and his Affiliates cease to own at least 20% of the voting securities of the Company, or (ii) a person or group acquires at least 50% voting control of the Company, and in the case of each of either (i) or (ii),
      neither the Company nor any surviving entity has its common stock listed on a recognized U.S. exchange.

    “Change of Control Notice” has the meaning set forth in Section 8.

    “Change of Control Redemption Price” means

    	

          	(i)	
            After the Series A Issue Date and prior to and not including [______], 2021: $26.63 per share;

          

    	

          	(ii)	
            On or after [______], 2021 and prior to and not including [_______], 2022: $25.81 per share; and

          

    	

          	(iii)	
            On or after [______], 2022: the Series A Liquidation Preference per share.

          

    “Common Stock” means the common stock of the Company, par value
      $0.001 per share, and any other outstanding class of common stock of the Company.

    “Company” has the meaning set forth in the introductory
      paragraph of this Certificate of Designation.

    “Dividend Nonpayment” has the meaning set forth in Section
      6(b).

    “Junior Securities” has the meaning set forth in Section 9(a).

    “Liquidation Event” means the occurrence of a liquidation,
      dissolution, winding up of the affairs of the Company, whether voluntary or involuntary. Neither the sale of all or substantially all of the property or business of the Company nor the consolidation or merger of the Company with or into any other
      Person, individually or in a series of transactions, shall be deemed a Liquidation Event.

    “Liquidation Preference” means, in connection with any
      distribution in connection with a Liquidation Event pursuant to Section 5(a) of this Certificate of Designation and with respect to any holder of any class or series of capital stock of the Company, the amount otherwise payable to such holder in such
      distribution with respect to such class or series of capital stock (assuming no limitation on the assets of the Company available for such distribution). For avoidance of doubt, for the foregoing purposes the Series A Liquidation Preference is the
      Liquidation Preference with respect to the Series A Preferred Shares.

    “Parity Securities” has the meaning set forth in Section 9(b).

    
      
        

    

    

    

    

    

    “Paying Agent” means VStock Transfer, LLC, acting in its
      capacity as paying agent for the Series A Preferred Shares, and its successors and assigns or any other payment agent appointed by the Company.

    “Person” means an individual or a corporation, firm, limited
      liability company, partnership, joint venture, trust, unincorporated organization, association, governmental agency or political subdivision thereof or other entity.

    “Preferred Shares” means securities of the Company,
      designated as “Preferred Shares,” including the Series A Preferred Shares, which entitles the holder thereof to a preference with respect to dividends, or as to the distribution of assets upon any Liquidation Event, over common stock.

    “Record Holder” means the Person in whose name Series A
      Preferred Shares are registered on the books of the Transfer Agent as of, unless otherwise set forth in this Certificate of Designation, the opening of business on a particular Business Day.

    “Registrar” means the Registrar of Corporations as defined in
      Section 5 of the BCA.

    “Senior Securities” has the meaning set forth in Section 9(c).

    “Series A Dividends” means dividends with respect to the Series
      A Preferred Shares pursuant to Section 4 of this Certificate of Designation.

    “Series A Dividend Payment Date” means the 20th
        day of each calendar month.

        

    

    “Series A Dividend Period” means a period of time from and including the
      preceding Series A Dividend Payment Date (other than the initial Series A Dividend Period, which shall commence on and include the Series A Issue Date), to but excluding the next Series A Dividend Payment Date for such Series A Dividend Period.

    “Series A Dividend Rate” means a rate equal to 8.25% per annum
      of the Series A Liquidation Preference per Series A Preferred Share.

    “Series A Dividend Record Date” has the meaning set forth in
      Section 4(b).

    “Series A Preferred Holder” means a Record Holder of the Series
      A Preferred Shares.

    “Series A Liquidation Preference” means a liquidation
      preference for each Series A Preferred Share initially equal to $25.00 per share.

    “Series A Issue Date” means the original date of issuance of
      Series A Preferred Shares, or [______], 2020.

    “Series A Preferred Shares” means Preferred Shares having the
      designations, preferences, rights, powers and duties set forth in this Certificate of Designation.

    “Series A Redemption Date” has the meaning set forth in
      Section 7.

    “Series A Redemption Notice” has the meaning set forth in
      Section 7(b).

    “Series A Redemption Price” has the meaning set forth in
      Section 7(a).

    “Transfer Agent” means VStock Transfer, LLC, acting it is
      capacity as registrar and transfer agent for the Series A Preferred Shares, and its successors and assigns or any other bank, trust company or other Person as shall be appointed from time to time by the Company to act as registrar and transfer agent
      for the Series A Preferred Shares.

    
      
        

    

    

    

    

    

    Section 4 Dividends.

    (a) Dividends on each Series A Preferred Share (the “Series A Dividends”)
      shall be cumulative and shall accrue at the Series A Dividend Rate from and including the Series A Issue Date (or, for any subsequently issued and newly outstanding Series A Preferred Shares, from the Series A Dividend Payment Date immediately
      preceding the issuance date of such Series A Preferred Shares) until such time as the Company pays the Series A Dividend or redeems the Series A Preferred Shares in full in accordance with Section 7 below, whether or not such Series A Dividends shall
      have been declared and whether or not there are profits, surplus, or other funds legally available for the payment of dividends. Series A Preferred Holders shall be entitled to receive Series A Dividends from time to time out of any assets of the
      Company legally available for the payment of dividends at the Series A Dividend Rate per Series A Preferred Share, when, as, and if declared by the Board of Directors. Dividends, to the extent declared by the Company to be paid by the Company in
      accordance with this Section 4, shall be paid monthly on each Series A Dividend Payment Date. Dividends shall accumulate in each Series A Dividend Period from and including the preceding Series A Dividend Payment Date (other than the initial Series A
      Dividend Period, which shall commence on and include the Series A Issue Date), to but excluding the next Series A Dividend Payment Date for such Series A Dividend Period. If any Series A Dividend Payment Date otherwise would fall on a day that is not
      a Business Day, declared Series A Dividends may be paid on the next succeeding Business Day with the same force and effect as if paid on such Series A Dividend Payment Date, and no interest or additional dividends or other sums shall accrue on the
      amount so payable from such Series A Dividend Payment Date to such next succeeding Business Day. Series A Dividends on the Series A Preferred Shares shall be payable based on a 360-day year consisting of twelve 30-day months.

     

    (b) Not later than 5:00 p.m., New York City time, on each Series A Dividend Payment Date, the Company shall pay those Series A Dividends, if any, that shall have
      been declared by the Board of Directors to the Paying Agent or, if there is no Paying Agent at the relevant time, to the Series A Preferred Holders as such Series A Preferred Holders’ names appear on the Company’s share transfer books maintained by
      the Registrar and the Transfer Agent on the record date. The applicable record date for any Series A Dividend payment shall be the [fifth] Business Day immediately preceding the applicable Series A Dividend Payment Date, or such other date as may be
      designated by the Board of Directors or an officer of the Company authorized by the Board of Directors that is not more than 60 days prior to such Series A Dividend Payment Date (the “Series A Dividend Record Date”).

    No dividend shall be declared or paid or set apart for payment on any Junior Securities (other than a dividend payable solely in Junior
      Securities) unless full cumulative Series A Dividends have been or contemporaneously are being paid or declared and set aside for payment on all outstanding Series A Preferred Shares and any Parity Securities through the most recent respective
      Series A Dividend Payment Dates.

    Accumulated Series A Dividends in arrears for any past Series A Dividend Period may be declared by the Board of Directors and paid on any date
      fixed by the Board of Directors, whether or not a Series A Dividend Payment Date, to Series A Preferred Holders on the record date for such payment, which may not be more than 60 days before such payment date. Subject to the next succeeding sentence,
      if all accumulated Series A Dividends in arrears on all outstanding Series A Preferred Shares and any Parity Securities shall not have been declared and paid, or if sufficient funds for the payment thereof shall not have been declared and set apart,
      payment of accumulated dividends in arrears on the Series A Preferred Shares and any such Parity Securities shall be made in order of their respective dividend payment dates, commencing with the oldest. If less than all dividends payable with respect
      to all Series A Preferred Shares and any Parity Securities are paid, any partial payment shall be made pro rata with respect to the Series A Preferred Shares and any Parity Securities entitled to a dividend payment at such time in proportion to the
      aggregate dividend amounts remaining due in respect of such shares at such time. Series A Preferred Holders shall not be entitled to any dividend, whether payable in cash, property or shares, in excess of full cumulative Series A Dividends. No
      interest or sum of money in lieu of interest shall be payable in respect of any dividend payment which may be in arrears on the Series A Preferred Shares. Declared Series A Dividends shall be paid to the Paying Agent in same-day funds on each Series
      A Dividend Payment Date. The Paying Agent shall be responsible for holding or disbursing such payments to Series A Preferred Holders in accordance with the instructions of such Series A Preferred Holders. In certain circumstances, dividends may be
      paid by check mailed to the registered address of the Series A Preferred Holder, unless, in any particular case, the Company elects to pay by wire transfer.

    
      
        

    

    

    

    

    

    Section 5 Liquidation Rights.

    (a) Upon the occurrence of any Liquidation Event, Series A Preferred Holders shall be entitled to receive out of the assets of the Company or
      proceeds thereof legally available for distribution to stockholders of the Company, (i) after satisfaction of all liabilities, if any, to creditors of the Company, (ii) after all applicable distributions of such assets or proceeds being made to or
      set aside for the holders of any Senior Securities then outstanding in respect of such Liquidation Event, (iii) concurrently with any applicable distributions of such assets or proceeds being made to or set aside for holders of any Parity Securities
      then outstanding in respect of such Liquidation Event and (iv) before any distribution of such assets or proceeds is made to or set aside for the holders of Common Stock and any other classes or series of Junior Securities as to such distribution, a
      liquidating distribution or payment in full redemption of such Series A Preferred Shares in an amount equal to the Series A Liquidation Preference, plus the amount of any accumulated and unpaid dividends thereon (whether or not such dividends have
      been declared).

    For purposes of clarity, upon the occurrence of any Liquidation Event, (x) the holders of then outstanding Senior Securities shall be entitled
      to receive the applicable Liquidation Preference, plus the amount of any accumulated and unpaid dividends thereon (whether or not such dividends shall have been declared), on such Senior Securities before any distribution shall be made to the Series
      A Preferred Holders or any Parity Securities and (y) the Series A Preferred Holders shall be entitled to the Series A Liquidation Preference, plus the amount of any accumulated and unpaid dividends thereon (whether or not such dividends shall have
      been declared), per Series A Preferred Share in cash concurrently with any distribution made to the holders of Parity Securities and before any distribution shall be made to the holders of Common Stock or any other Junior Securities. Series A
      Preferred Holders shall not be entitled to any other amounts from the Company, in their capacity as Series A Preferred Holders, after they have received the Series A Liquidation Preference, plus the amount of any accumulated and unpaid dividends
      thereon (whether or not such dividends shall have been declared). The payment of the Series A Liquidation Preference shall be a payment in redemption of the Series A Preferred Shares such that, from and after payment of the full Series A Liquidation
      Preference, plus the amount of any accumulated and unpaid dividends thereon (whether or not such dividends shall have been declared), any such Series A Preferred Share shall thereafter be cancelled and no longer be outstanding.

    

    

    (b) In the event of any distribution or payment described in Section 5(a) above where the Company’s assets available for distribution to holders of the
      outstanding Series A Preferred Shares and any Parity Securities are insufficient to satisfy the applicable Liquidation Preference, plus the amount of any accumulated and unpaid dividends thereon (whether or not such dividends shall have been
      declared), for such Series A Preferred Shares and Parity Securities, the Company’s then remaining assets or proceeds thereof legally available for distribution to shareholders of the Company shall be distributed among the holders of outstanding
      Series A Preferred Shares and such Parity Securities, as applicable, ratably on the basis of their relative aggregate Liquidation Preferences, plus the amount of any accumulated and unpaid dividends thereon (whether or not such dividends shall have
      been declared).

    (c) After payment of the applicable Liquidation Preference, plus the amount of any accumulated and unpaid dividends thereon (whether or not such
      dividends shall have been declared) to the holders of the outstanding Series A Preferred Shares and any Parity Securities, the Company’s remaining assets and funds shall be distributed among the holders of the Common Stock and any other Junior
      Securities then outstanding according to their respective rights and preferences.

    Section 6 Voting Rights.

    (a) Notwithstanding anything to the contrary in this Certificate of Designation, the Series A Preferred Shares shall have no voting rights
      except as set forth in this Section 6 or as otherwise provided by the BCA.

    
      
        

    

    

    

    

    

    (b) In the event that eighteen (18) monthly Series A Dividends are in arrears, whether or not consecutive (and whether or not such dividends
      shall have been declared and whether or not there are profits, surplus, or other funds legally available for the payment of dividends) (a “Dividend Nonpayment”), then
      the authorized number of directors on the Board of Directors shall, at the next annual meeting of shareholders or at a special meeting of shareholders as provided below, automatically be increased by one (1) and the Series A Preferred Holders, voting
      together as a single class, shall be entitled, at the Company’s next annual meeting of shareholders or at a special meeting of shareholders as provided below, to vote for the election of one (1) additional member of the Board of Directors (the “Preferred Share Director”); provided that (i) any Preferred Share
      Director shall be reasonably acceptable to the Board of Directors and the Nominating and Corporate Governance Committee thereof, acting in good faith, (ii) the election of any such Preferred Share Director will not cause the Company to violate the
      corporate governance requirements of the Nasdaq Capital Market, including the rules and regulations applicable to “foreign private issuers” (or such other exchange or automated quotation system on which the Company’s securities may be listed or
      quoted), and (iii) the Preferred Share Director shall not be a person that is subject to any “Bad Actor” disqualifications described in Rule 506(d)(1)(i) to (viii) under the Securities Act of 1933, as amended, except for a Disqualifying Event covered
      by Rule 506(d)(2) or (d)(3).

    In the event of a Dividend Nonpayment, the holders of at least 50% of the outstanding Series A Preferred Shares may request that the Board of
      Directors call a special meeting of shareholders to elect such Preferred Share Director; provided, however, that, to the extent permitted by the Company’s Bylaws in effect from time to time, if the next annual or special meeting of shareholders is scheduled to be held within ninety (90) days after the
      receipt of such request, the election of such Preferred Share Director shall be included in the agenda for, and shall be held at, such scheduled annual or special meeting of shareholders. The Preferred Share Director shall stand for reelection
      annually, at each subsequent annual meeting of shareholders, so long as the Series A Preferred Holders continue to have such voting rights. At any meeting at which the holders of Series A Preferred Shares are entitled to elect a Preferred Share
      Director, the holders of record of at least one-third of the then outstanding Series A Preferred Shares, present in person or represented by proxy, shall constitute a quorum and the vote of the holders of record of a majority of such Series A
      Preferred Shares so present or represented by proxy shall be sufficient to elect the Preferred Share Director.

    If and when all dividends accumulated and in arrears on the Series A Preferred Shares have been paid in full or sufficient funds for such
      payment have been declared and set apart for such purpose (a “Nonpayment Remedy”), the holders of Series A Preferred Shares shall immediately, and without any further
      action by the Company, be divested of the voting rights described in this Section 6(b), subject to the revesting of such right as set forth in this Section 6 in the event of a subsequent Dividend Nonpayment and, with respect to funds set apart for
      payment, upon failure to pay the dividend on the Series A Dividend Payment Date. Upon any termination of the right of the holders of Series A Preferred Shares to vote as a class for a Preferred Share Director, the term of office of the Preferred
      Share Director then in office elected by such Series A Preferred Holders voting as a class shall terminate at the next annual meeting of shareholders following the date of the Nonpayment Remedy or his or her earlier death, resignation or removal and
      the authorized number of directors on the Board of Directors shall automatically decrease by one.

    The Preferred Share Director may be removed at any time, with or without cause, by the holders of a majority of the then outstanding Series A
      Preferred Shares when they have the voting rights described in this Section 6(b). In the event that a Dividend Nonpayment shall have occurred and there shall not have been a Nonpayment Remedy, any vacancy in the office of a Preferred Share Director
      (other than prior to the initial election of the Preferred Share Director after a Dividend Nonpayment) may be filled by a vote of the holders of a majority of the then outstanding Series A Preferred Shares when they have the voting rights described
      above; provided that (i) any Preferred Share Director shall be reasonably acceptable to the Board of Directors and the Nominating and Corporate
      Governance Committee thereof, acting in good faith, (ii) that the election of any such Preferred Share Director to fill such vacancy will not cause the Company to violate the corporate governance requirements of the Nasdaq Capital Market, including
      the rules and regulations applicable to “foreign private issuers” (or any other exchange or automated quotation system on which the Company’s securities may be listed or quoted), and (iii) the Preferred Share Director shall not be a person that is
      subject to any “Bad Actor” disqualifications described in Rule 506(d)(1)(i) to (viii) under the Securities Act of 1933, as amended, except for a Disqualifying Event covered by Rule 506(d)(2) or (d)(3). The Preferred Share Director shall each be
      entitled to one vote on any matter that may come before the Board of Directors for a vote.

    
      
        

    

    

    

    

    

    (c) Unless the Company shall have received the affirmative vote or consent of the holders of a majority of the outstanding Series A Preferred
      Shares, voting as a single class, the Company shall not (A) adopt any amendment to the Articles of Incorporation or this Certificate of Designation that materially and adversely alters the preferences, powers or rights of the Series A Preferred
      Shares; (B) declare or pay any dividends on or repurchase any Junior Securities during any time that all declared dividends on the Series A Preferred Shares have not been paid in full; or (C) engage in a merger, consolidation or share exchange that
      materially and adversely affects the rights, preferences or voting power of the Series A Preferred Shares, unless such Series A Preferred Shares are converted into or exchanged for (x) cash equal to or greater than the applicable redemption price per
      share, or (y) preferred shares of the surviving entity having rights, preferences or privileges that are materially the same as those of the Series A Preferred Shares. For the avoidance of doubt, so long as such action does not materially and
      adversely affect the preferences, powers or rights of the Series A Preferred Shares, the Company may amend, alter or repeal any terms of this Certificate of Designation.

    In addition, unless the Company shall have received the affirmative vote or consent of the holders of at least two-thirds of the outstanding
      Series A Preferred Shares, voting as a separate class, the Company shall not create or issue any Senior Securities.

    (d) On any matter described in this Section 6 on which the Series A Preferred Holders are entitled to vote as a class, such Series A Preferred
      Holders shall be entitled to one vote per Series A Preferred Share and the holders of record of at least one-third of the then outstanding Series A Preferred Shares, present in person or represented by proxy, shall constitute a quorum for purposes of
      the matters on which such holders are entitled to vote separately as a class. Any Series A Preferred Shares held by the Company or any of its subsidiaries shall not be entitled to vote.

    (e) No vote or consent of Series A Preferred Holders shall be required for (i) the creation or incurrence of any indebtedness, (ii) the
      authorization or issuance of any Common Stock or other Junior Securities, or (iii) except as expressly provided in paragraph (c) above, the authorization or issuance of any Preferred Shares of the Company.

    

    

    Section 7 Optional Redemption.

    The Company shall have the right at any time, and from time to time, on or after [_____], 2022, to redeem, at its option, in whole or in part,
      the Series A Preferred Shares. Any such optional redemption shall be effected only out of funds legally available for such purpose. The Company may undertake multiple partial redemptions. Subject to limitations contained in the first sentence of this
      paragraph and the next sentence in this paragraph, any redemption of the Series A Preferred Shares shall occur on a date set by the Company (the “Series A Redemption Date”).

    (a) The Company shall effect any such redemption by paying cash for each Series A Preferred Share to be redeemed equal to the Series A
      Liquidation Preference, plus the amount of any accumulated and unpaid dividends thereon to but not including the date of redemption (whether or not such dividends shall have been declared), for such Series A Preferred Shares on such Series A
      Redemption Date (the “Series A Redemption Price”). The Series A Redemption Price shall be paid by the Paying Agent to the Series A Preferred Holders on the Series A
      Redemption Date.

    (b) The Company shall give notice of any redemption not more than 60 days before the scheduled Series A Redemption Date, to the Series A
      Preferred Holders of any Series A Preferred Shares to be redeemed as such Series A Preferred Holders’ names appear on the Company’s share transfer books maintained by the Registrar and Transfer Agent at the address of such Series A Preferred Holders
      shown therein. Such notice (the “Series A Redemption Notice”) shall state: (1) the Series A Redemption Date, (2) the number of Series A Preferred Shares to be
      redeemed and, if less than all outstanding shares of Series A Preferred Shares are to be redeemed, the number (and the identification) of shares to be redeemed from such Series A Preferred Holder, (3) the Series A Redemption Price, (4) the place
      where the Series A Preferred Shares are to be redeemed and shall be presented and surrendered for payment of the Series A Redemption Price therefor and (5) that dividends on the Series A Preferred Shares to be redeemed shall cease to accumulate from
      and after such Series A Redemption Date.

    
      
        

    

    

    

    

    

    (c) If the Company elects to redeem less than all of the outstanding shares of Series A Preferred Shares, the number of Series A Preferred
      Shares to be redeemed shall be determined by the Company, and such Series A Preferred Shares shall be redeemed by such method of selection as the Paying Agent shall determine, either pro rata or by lot, with adjustments to avoid redemption of
      fractional shares. The Series A Redemption Price will be paid by the Paying Agent to Series A Preferred Holders on the Series A Redemption Date. The aggregate Series A Redemption Price for any such partial redemption of the outstanding Series A
      Preferred Shares shall be allocated correspondingly among the redeemed shares of Series A Preferred Shares. The Series A Preferred Shares not redeemed shall remain outstanding and entitled to all the rights and preferences provided in this
      Certificate of Designation (including the Company’s right, if it elects so, to redeem all or part of the Series A Preferred Shares outstanding at any relevant time in accordance with this Section 7 (including this paragraph (c))).

    (d) If the Company gives or causes to be given a Series A Redemption Notice, then the Company shall deposit with the Paying Agent funds
      sufficient to redeem the Series A Preferred Shares as to which such Series A Redemption Notice shall have been given no later than 10:00 a.m., New York City time, on the Series A Redemption Date, and shall give the Paying Agent irrevocable
      instructions and authority to pay the Series A Redemption Price to the Series A Preferred Holders thereof upon surrender or deemed surrender of such Series A Preferred Shares. If the Series A Redemption Notice shall have been given, then from and
      after the Series A Redemption Date, unless the Company defaults in providing funds sufficient for such redemption at the time and place specified for payment pursuant to the Series A Redemption Notice, all Series A Dividends on such shares shall
      cease to accumulate and all rights of holders of such Series A Preferred Shares as the Series A Preferred Holders with respect to such Series A Preferred Shares shall cease, except the right to receive the Series A Redemption Price, and such Series A
      Preferred Shares shall not thereafter be transferred on the books of the Transfer Agent or be deemed to be outstanding for any purpose whatsoever. The Company shall be entitled to receive from the Paying Agent the interest income, if any, earned on
      such funds deposited with the Paying Agent (to the extent that such interest income is not required to pay the Series A Redemption Price of the shares to be redeemed), and the holders of any Series A Preferred Shares so redeemed shall have no claim
      to any such interest income. Any funds deposited with the Paying Agent hereunder by the Company for any reason, including, but not limited to, redemption of Series A Preferred Shares, that remain unclaimed or unpaid after two years following the
      applicable Series A Redemption Date or other payment date, shall be, to the extent permitted by law, promptly repaid to the Company upon its written request, after which repayment the Series A Preferred Holders entitled to such redemption or other
      payment shall have recourse only to the Company.

    (e) Any Series A Preferred Shares that are redeemed or otherwise acquired by the Company shall be canceled and shall constitute Preferred Shares
      subject to designation by the Board of Directors as set forth in the Articles of Incorporation. If only a portion of the Series A Preferred Shares shall have been called for redemption, upon surrender of any certificate representing Series A
      Preferred Shares to the Paying Agent, the Paying Agent shall issue to the Series A Preferred Holders a new certificate (or adjust the applicable book-entry account) representing the number Series A Preferred Shares represented by the surrendered
      certificate that have not been called for redemption. Notwithstanding any Series A Redemption Notice, there shall be no redemption of any Series A Preferred Shares called for redemption until funds sufficient to pay the full Series A Redemption Price
      of such shares shall have been deposited by the Company with the Paying Agent.

    (f) The Company and its Affiliates may from time to time purchase Series A Preferred Shares, subject to compliance with all applicable
      securities and other laws, in open market transactions, privately negotiated transactions, or otherwise. Any Series A Preferred Shares repurchased and canceled by the Company will revert to the status of authorized but unissued Preferred Shares
      undesignated by the Company.

    (g) Notwithstanding anything to the contrary in this Certificate of Designation, the Company shall not (and shall not be required to) redeem,
      purchase or acquire any Series A Preferred Shares at such time as (i) the terms and provisions of any Senior Securities or any agreement of the Company, including any agreement relating to its indebtedness, prohibit such redemption, repurchase or
      acquisition, or such redemption, purchase or acquisition would constitute a breach thereof or a default thereunder, or (ii) such redemption, purchase or acquisition is restricted or prohibited under the BCA or other applicable law.

    
      
        

    

    

    

    

    

    (h) Notwithstanding anything to the contrary in this Certificate of Designation, in the event that full cumulative dividends on the Series A
      Preferred Shares and any Parity Securities shall not have been paid or declared and set apart for payment, the Company may not repurchase, redeem or otherwise acquire, (1) any Parity Securities, except pursuant to a purchase or exchange offer made on
      the same terms to all holders of Series A Preferred Shares and Parity Securities, an exchange for or conversion or reclassification into other Parity Securities or Junior Securities or with proceeds of a substantially contemporaneous sale of Parity
      Securities or Junior Securities, or (2) any Common Stock and any other Junior Securities, except pursuant to an exchange for or, conversion or reclassification into other Junior Securities or with proceeds of a substantially contemporaneous sale of
      Junior Securities.

    Section 8 Change of Control.

    On or before the 20th Business Day prior to the consummation of a Change of Control that has been approved by the Company’s Board of Directors
      (or, in the case where the consummation of the Change of Control is in less than 20 Business Days, promptly after the Board of Directors approves such transaction that will result in a Change of Control but in any event not prior to the public
      announcement of the transaction resulting in such Change of Control), the Company shall provide written notice thereof to the Series A Preferred Holders (a “Change of Control Notice”), and in connection with any such Change of Control, each Series A
      Preferred Holder may elect one of the following options (subject to such Change of Control having actually occurred or actually occurring) by written notice given to the Company within 20 Business Days after the date the Company provides such Change
      of Control Notice (it being understood that if a Series A Preferred Holder fails to timely provide notice of its election to the Company, such Series A Preferred Holder will be deemed to have elected the option set forth in clause (b) below):

    (a) cause the Company to redeem all of such Series A Preferred Holder’s Series A Preferred Shares for cash in an amount per share equal to the
      Change of Control Redemption Price in effect immediately prior to the consummation of such Change of Control plus the amount of any accumulated and unpaid dividends thereon to but not including the date of redemption (whether or not such dividends
      shall have been declared), in which case the Company shall redeem such Series A Preferred Shares within 60 calendar days of the Company’s receipt of such Series A Preferred Holder’s notice; provided, however, that if, prior to the receipt of such written notice from a holder of Series A Preferred Shares, the Company has provided notice of its election to redeem some or all of the Series A
      Preferred Shares, such holder of Series A Preferred Shares will not have any right of redemption with respect to the shares called for redemption; or

    (b) subject to the Company’s (or, if the Company is not the surviving entity of such Change of Control, the Company’s successor’s) right to
      redeem the Series A Preferred Shares pursuant to Section 7, continue to hold such Series A Preferred Holder’s Series A Preferred Shares.

    Section 9 Rank.

    The Series A Preferred Shares shall be deemed to rank:

    (a) Senior to (i) the Common Stock and (ii) each other class or series of capital stock established after the Series A Issue Date, the terms of
      which class or series do not expressly provide that it is made senior to or on parity with the Series A Preferred Shares as to the payment of dividends and amounts payable upon any Liquidation Event (collectively referred to with the Common Stock as
      “Junior Securities”);

    (b) On a parity with any class or series of capital stock established after the Series A Issue Date with terms expressly providing that such
      class or series ranks on a parity with the Series A Preferred Shares as to dividends and distributions upon any Liquidation Event (collectively referred to as “Parity Securities”);
      and

    (c) Junior to each other class or series of capital stock made senior to the Series A Preferred Shares as to the payment of dividends and
      amounts payable upon any Liquidation Event (collectively referred to as “Senior Securities”).

    
      
        

    

    

    

    

    

    The Company may issue Junior Securities and Parity Securities from time to time in one or more classes or series without the consent of the
      Series A Preferred Holders and, subject to any approvals required by Series A Preferred Holders pursuant to Section 6(c), may issue Senior Securities from time to time in one or more classes or series. The Board of Directors has the authority to
      determine the preferences, powers, qualifications, limitations, restrictions and special or relative rights or privileges, if any, of any such class or series before the issuance of any shares of such class or series.

    Section 10 Fractional Shares.

    No Series A Preferred Shares may be issued in fractions of a share.

    Section 11 No Sinking Fund.

    The Series A Preferred Shares shall not have the benefit of any sinking fund.

    Section 12 Record Holders.

    To the fullest extent permitted by applicable law, the Company, the Registrar, the Transfer Agent and the Paying Agent may deem and treat any
      Series A Preferred Holder as the true, lawful and absolute owner of the applicable Series A Preferred Shares for all purposes, and neither the Company nor the Registrar, the Transfer Agent or the Paying Agent shall be affected by any notice to the
      contrary.

    Section 13 Notices.

    All notices or communications in respect of the Series A Preferred Shares shall be sufficiently given if given in writing and delivered in
      person or by first class mail, postage prepaid, or if given in such other manner as may be permitted in this Certificate of Designation, in the Articles of Incorporation, the Bylaws or by applicable law.

    Section 14 Conversion; Sinking Fund

    The Series A Preferred Shares shall not be convertible into Common Stock or any other securities of the Company and shall not have exchange
      rights or be entitled or subject to any preemptive or similar rights. The Series A Preferred Shares shall not be subject to mandatory redemption or to any sinking fund requirements.

    Section 15 Other Rights.

    The Series A Preferred Shares shall not have any voting powers, preferences or relative, participating, optional or other special rights, or
      qualifications, limitations or restrictions thereof, other than as set forth in this Certificate of Designation, the Articles of Incorporation, the Bylaws or as provided by applicable law.

    

    

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    I further declare under penalty of perjury that the matters set forth in this Certificate of Designation are true and correct of my own knowledge.

    Executed [CITY], [COUNTRY] on [_________], 2020.

     

    	 	 	
            /s/ [NAME]

          
	 	
            Name:

          	
            [NAME]

          
	 	
            Title:

          	
            [TITLE]

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