Document:

ex_171090.htm

Exhibit 4.1

 

DESCRIPTION OF THE REGISTRANT’S SECURITIES

REGISTERED PURSUANT TO SECTION 12 OF THE

SECURITIES EXCHANGE ACT OF 1934

 

As of December 31, 2019, Art’s-Way Manufacturing Co., Inc. (the “Company”) had one class of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”): Common Stock.

 

Description of Common Stock

 

The following description of the Company’s Common Stock is a summary and does not purport to be complete. It is subject to and qualified in its entirety by reference to the Company’s Certificate of Incorporation, as amended, and Bylaws, as amended, each of which is incorporated by reference as an exhibit to the Annual Report on Form 10-K to which this description is also an exhibit.

 

Authorized Capital Stock

 

The Company’s Certificate of Incorporation authorizes the Company to issue 9,500,000 shares of common stock, par value $0.01 per share (the “Common Stock”) and 500,000 shares of preferred stock, par value $0.01 per share (the “Preferred Stock”). The outstanding shares of Common Stock are fully paid and nonassessable.

 

Voting Rights

 

The holders of Common Stock are entitled to one vote for each share on all matters voted on by Company stockholders, including elections of directors, and, except as otherwise required by law or provided in any resolution adopted by the Company’s Board of Directors with respect to any series of Preferred Stock, the holders of such shares possess all voting power. The Company’s Certificate of Incorporation does not provide for cumulative voting in the election of directors.

 

Dividend Rights

 

Subject to the rights of holders of outstanding shares of Preferred Stock, if any, the holders of Common Stock are entitled to receive dividends, if any, as may be declared from time to time by the Company’s Board of Directors in its discretion out of funds legally available for the payment of dividends.

 

Other Rights and Preferences

 

Subject to any preferential rights of outstanding shares of Preferred Stock, holders of Common Stock will share ratably in all assets legally available for distribution to the Company’s stockholders in the event of dissolution. The Common Stock has no sinking fund or redemption provisions or preemptive, conversion or exchange rights.

 

The rights, preferences and privileges of holders of Common Stock are subject to, and may be adversely affected by, the rights of the holders of shares of any series of Preferred Stock that the Company’s Board of Directors may designate and issue in the future.

 

Transfer Agent and Registrar

 

The transfer agent and registrar for the Common Stock is American Stock Transfer & Trust Company.

 

Listing

 

The Common Stock is listed on the Nasdaq Capital Market under the symbol “ARTW.”

 

 

 

 

Anti-Takeover Effect of Delaware Law and Certain Charter and Bylaw Provisions

 

The Company’s Certificate of Incorporation and Bylaws contain provisions that could have the effect of discouraging potential acquisition proposals or tender offers or delaying or preventing a change of control of the Company. These provisions are as follows:

 

	
			•

				
			special meetings of stockholders may be called only by the President, by a majority of the Board of Directors, or by stockholders owning a majority in amount of the entire capital stock of the Company issued and outstanding and entitled to vote;

			
	
			•

				
			the Company may issue, without stockholder approval, up to 500,000 shares of preferred stock that could adversely affect the rights and powers of the holders of our common stock.

			

 

The Company is subject to the provisions of Section 203 of the General Corporation Law of the State of Delaware, an anti-takeover law. In general, Section 203 prohibits a publicly held Delaware corporation from engaging in a “business combination” with an “interested stockholder” for a period of three years after the date of the transaction in which the person became an interested stockholder, unless the business combination is approved in a prescribed manner. For purposes of Section 203, a “business combination” includes a merger, asset sale or other transaction resulting in a financial benefit to the interested stockholder, and an “interested stockholder” is a person who owns 15% or more of the voting stock of a corporation, or any affiliate or associate of a corporation who, within three years prior, did own 15% or more of the voting stock of that corporation.exhibit101ceclevertonsep

                          CEC ENTERTAINMENT, INC.                           1707 Market Place Blvd., Suite 200                                 Irving, Texas 75063                                             January 21, 2020      Thomas Leverton   6408 Riverside Drive   Plano, Texas 75024      Re:   Separation Agreement and Release       Dear Tom:      I want to  express to  you on behalf of the Board of Directors of CEC Entertainment, Inc. (the   &#0;Company&#0;) our appreciation for your service to the Company as Chief Executive Officer and a   member of the Board of Directors. Thi&#0; Se&#0;a&#0;a&#0;i&#0;&#0; Ag&#0;eeme&#0;&#0; (&#0;Agreement&#0;) c&#0;&#0;fi&#0;m&#0; &#0;&#0;&#0; m&#0;&#0;&#0;al   agreement regarding the terms and conditions of your separation as Chief Executive Officer and   Director of the Company. The Company agrees to provide you with a payment (as set forth in   Paragraph 3)  as  consideration  for  your  agreement  to  the  provisions set  forth  below,  including   without limi&#0;a&#0;i&#0;&#0; &#0;he ge&#0;e&#0;al &#0;elea&#0;e &#0;f claim&#0; a&#0;&#0;ached &#0;&#0; &#0;hi&#0; Ag&#0;eeme&#0;&#0; (&#0;he &#0;Release&#0;).         Capitalized terms used herein but not otherwise defined shall have the meanings ascribed to them   in the Employment Agreement between you and the Company entered into as of July 30, 2014 and   subsequently amended as of October 12, 2018 (&#0;he &#0;Employment Agreement&#0;).        You and the Company agree as follows:         1. Concluding Employment.                   a. You acknowledge that your employment was terminated without Cause from the               C&#0;m&#0;a&#0;&#0;,  Q&#0;e&#0;&#0;  H&#0;ldi&#0;g&#0;  I&#0;c.  (&#0;Queso&#0;) and  each  of their direct  or  indirect               subsidiaries and affiliates effective January 21, 2020 (&#0;he &#0;Separation Date&#0;).  You               further acknowledge your subsequent resignation f&#0;&#0;m &#0;he C&#0;m&#0;a&#0;&#0;&#0;&#0; B&#0;a&#0;d &#0;f               Directors, and from the board of directors of all affiliates of the Company, including               Queso, effective  on  the  Separation  Date. The  Company hereby  accepts your               resignation from service on its Board of Directors.                        b. Upon the Separation Date, you will no longer hold any officer or director position,               or any other position, with the Company, Queso, or any of their direct or indirect               subsidiaries or affiliates.                          c. The Separation Date shall be the termination date of your employment for purposes               of participation in and coverage under all benefit plans and programs sponsored by               or through the Company.                           d. You hereby waive any and all rights that you may have to notice of, or attendance               at, or participation in, any meeting of the Board of Directors of the Company or any               of  its  affiliates  that  relates  in  any  way  to  the  subject  of  this  Agreement or  the   DB1/  110398526.13   

 

             employment of any individual who shall serve as Chief Executive Officer of the               Company or its affiliates.                  2. Compensation.   Your  total  and  final  compensation,  payments  and benefits  from  the         Company  and  its  affiliates  shall be as follows (subject to applicable  deductions  and         withholdings):                  a. You will receive a final paycheck for your Annual Base Salary for employment               through the Separation Date no later than January 27, 2020, which will include pay               for 120 hours of accrued vacation in accordance with Company policy.                           b. You  will  receive  a  lump  sum  payment  for  any  reimbursable  expenses  incurred               during the performance of your duties on behalf of the Company that have been               incurred, but not paid, as of your Separation Date.                        c. You will be entitled to your vested benefits under the Company’s 401(k) plan in               accordance with the terms of such plan. You will also be offered the right to elect               continued health coverage in accordance with COBRA.                           d. All of the options granted to you to purchase shares of common stock of Queso               Holdings Inc. (“Shares”) that are not vested as of the Separation Date (425,975               options) are forfeited as of the Separation Date, and you will have 90 days from the               Separation Date to exercise any or all of the vested options (193,625 options) in               accordance with the term of the applicable grant agreement and the Queso Holdings               Inc. 2014 Equity Incentive Plan.  Any Shares you acquire upon such exercise, and               the Shares you already own as of the Separation Date (79,856 Shares), as well as               the Shares you shall receive pursuant to Section 2(e), are subject to the terms of the              Queso Holdings Inc. Investor Rights Agreement dated August 24, 2014, including              the repurchase provisions set forth therein.                         e. Your  bonus  in  respect  of  2019  will  paid  to  you  on  the  60th  day following  the              Separation Date (the “2019 Bonus”).  You agree that (i) the dollar amount of the               2019 Bonus (the “2019 Bonus Cash Value”) is $426,250, and (ii) the 2019 Bonus               will be paid in the form of 67,353 Shares (representing the product of 1.4 times the               2019 Bonus Cash Value, divided by $8.86, rounded to the nearest whole Share).  If               you elect, the withholding tax obligation will be satisfied by reducing the number               of Shares to be issued by a number of Shares that have a fair market value equal to               the withholding tax obligation.                3. Consideration.  As  consideration  for  your  execution,  return  and non-revocation  of  the         Release and your compliance with the other terms and conditions of this Agreement, you         will be entitled to a payment in an amount (subject to applicable withholding taxes) equal         to $976,250 (representing the sum of (i) your annual base salary ($550,000) plus (ii) the         2019 Bonus Cash Value ($426,250)), payable in a lump sum on the 60th day following the         Separation Date.                    DB1/ 110398526.13                                         2

 

    4. Release.  As a condition to your entitlement to the payment set forth in Paragraph 3, you         must timely sign, return and not revoke the Release.  You must sign and return the Release         no earlier than the Separation Date, and no later than February 12, 2020.  Once you sign         the Release, you will have a period of seven days to revoke it.  The Release will become         effective after the  expiration of such  revocation  period, assuming  you have not  in  fact         exercised your right to revoke the Release.                  5. No  Other  Entitlements.   You  understand  and  agree  that  the  payment  provided  for  in         Paragraph 3 of this Agreement is in excess of that to which you may be entitled from the         Company.  Once the Company has made to you the payment provided for in Paragraph 3         of this Agreement, and those to which you are entitled to Paragraph 2, you acknowledge         and agree that you will have received all entitlements due from the Company or its affiliates         under the Employment Agreement and otherwise relating to your employment with the         Company, including but not limited to, all wages earned, sick pay, vacation pay, bonus         awards, equity or equity-based awards with respect to stock or other equity interests of the         Company or any of its affiliates, including Queso Holdings Inc. (other than as set forth in         Paragraph 2(d) above) and any paid and unpaid personal leave for which you were eligible         and entitled, and that no other entitlements are due to you other than as set forth in this         Agreement.       6. Certain  Obligations. You  agree  that your  obligations  under  Sections 5  and  6 of  the         Employment Agreement will continue in force, as will the procedural provisions of Section         9 that relate to such sections.               7. Permitted Conduct.               a. Subject to your ethical obligations, the attorney-client privilege, the attorney work               product doctrine, and/or any other applicable privileges of the Company, nothing               in this Agreement or the Release shall prohibit or restrict you from:  (i) making any               disclosure  of  relevant,  necessary  and  truthful  non-privileged  information  or               documents  in  connection  with  any  charge,  action,  investigation,  or  proceeding               relating to this Agreement or as required by law or legal process or (ii) participating,               cooperating, or providing truthful testimony in any charge, action, investigation, or               proceeding with, or providing non-privileged information to, any self-regulatory               &#0;&#0;ga&#0;i&#0;a&#0;i&#0;&#0;, g&#0;&#0;e&#0;&#0;me&#0;&#0;al age&#0;c&#0; &#0;&#0; legi&#0;la&#0;i&#0;e b&#0;d&#0;, &#0;&#0; &#0;he C&#0;m&#0;a&#0;&#0;&#0;&#0;  Legal               Department, provided that, to  the  extent  permitted  by  law,  upon  receipt  of  any               subpoena, court order or other legal process compelling the disclosure of any such               information or documents, you give prompt written notice to CEC Entertainment,               Inc.,  1707  Market  Place  Blvd.,  Suite  200, Irving,  Texas  75063,  attention  Chief               Legal Officer, so as to permit the Company to protect its interests in confidentiality               to  the  fullest  extent  possible.  To  the  fullest  extent  provided  by  law,  you               acknowledge and agree, however, that pursuant to the Release, you are waiving any               right  to  recover  monetary  damages  or  any  other  form  of  personal  relief  in               connection with any such charge, action, investigation or proceeding. To the extent               you receive any personal or monetary relief in connection with any such charge,               action, investigation or proceeding, the Company will be entitled to an offset for    DB1/ 110398526.13                                         3 

 

             the payment made pursuant to Paragraph 3 of this Agreement, to the fullest extent               provided by law.                           b. Nothing in this Agreement or the Employment Agreement restricts or prohibits you               from  initiating communications  directly with,  responding to  any inquiries from,               providing  testimony  before,  providing  confidential  information  to,  reporting               possible violations of law or regulation to, or from filing a claim or assisting with               an investigation directly with a self-regulatory authority or a government agency or               entity,  including  the  U.S.  Equal  Employment  Opportunity  Commission,  the               Department  of  Labor,  the  National  Labor  Relations  Board,  the  Department  of               Justice, the Securities and Exchange Commission, the Congress, and any agency               I&#0;&#0;&#0;ec&#0;&#0;&#0;  Ge&#0;e&#0;al  (c&#0;llec&#0;i&#0;el&#0;,  &#0;he  &#0;Regulators&#0;),  &#0;&#0;  f&#0;&#0;m  maki&#0;g  &#0;&#0;he&#0;               disclosures that are protected under the whistleblower provisions of state or federal               law or regulation.  However, to the maximum extent permitted by law, you are               waiving your right to receive any individual monetary relief from the Company or               any others covered by the Release resulting from such claims or conduct, regardless               of whether you or another party has filed them, and in the event you obtain such               monetary relief the Company will be entitled to an offset for the payments made               pursuant to this Agreement.  This Agreement does not limit your right to receive an               award from any Regulator that provides awards for providing information relating               to  a  potential  violation of  law.   You  do  not  need  the  prior  authorization  of  the               Company to engage in conduct protected by this Paragraph, and you do not need to               notify the Company that you have engaged in such conduct.                Please take notice that federal law provides criminal and civil immunity to federal               and state claims for trade secret  misappropriation to  individuals  who disclose a               trade  secret  to  their  attorney,  a  court,  or  a  government  official  in  certain,               confidential  circumstances  that  are  set  forth  at  18  U.S.C.  §§  1833(b)(1)  and               1833(b)(2), related to the reporting or investigation of a suspected violation of the               law,  or  in  connection  with  a  lawsuit  for  retaliation  for  reporting  a  suspected               violation of the law.       8. Severability.  If any provision of this Agreement is held to be illegal, void or unenforceable,         such provision shall have no effect; however, the remaining provisions shall be enforced         to the maximum extent possible.  Further, if any portion of this Agreement is held to be         overbroad or unreasonable, such provision shall be given effect to the maximum extent         possible by narrowing or enforcing in part that aspect of the provision found overbroad or         unreasonable.       9. Breach of Agreement.  You agree that if you breach any of your commitments contained         in this Agreement, it will constitute a material breach as to which the Company may seek         all relief available under the law or at equity, and the Company will be relieved of its         obligations pursuant to Paragraph 3 of this Agreement. You further acknowledge that your         breach of the promises set forth in this Agreement will cause the Company irreparable         harm  for  which  there  is  no  adequate  remedy  at  law,  and  you  therefore  consent  to  the         issuance of an injunction in favor of the Company enjoining the breach of any of those         promises by any court of competent jurisdiction.   DB1/ 110398526.13                                         4 

 

    10. Acknowledgments.  You hereby acknowledge that:             a. The  Company  advises  you  to  consult  with  an  attorney  before  signing  this               Agreement or the Release;             b. You have obtained independent legal advice from an attorney of your own choice               with  respect  to  this  Agreement and  the  Release, or  you  have  knowingly  and               voluntarily chosen not to do so;             c. You  have  had  a  minimum  of twenty-one  (21)  days  to  review  and  consider  this               Agreement and the Release.  You and the Company agree that changes made to this               Agreement  and  the  Release,  whether  material  or  immaterial,  do  not restart  the               running of this twenty-one (21) day review period;             d. If you knowingly and voluntarily choose to do so, you may accept the terms of this               Agreement before the twenty-one (21) day consideration period provided for in               Paragraph 10(c) above has expired;             e. You are signing this Agreement and the Release voluntarily and of your own free               will and agree to abide by all the terms and conditions contained herein;             f. You have a right to revoke the Release by notifying the Company representative               designated in Paragraph 13 in writing within seven (7) days of your execution of               the Release;             g. In exchange for your waivers, releases and commitments set forth in this Agreement               and the Release, including your waiver and release of all claims arising under the               Age Discrimination in Employment Act, the payments and other benefits that you               are receiving pursuant to this Agreement (i) are in full discharge of any and all               liabilities and obligations of the Company to  you, monetarily or with respect to               employee benefits or otherwise, including but not limited to any and all obligations               arising under any alleged written or oral employment agreement, policy, plan or               procedure  of  the  Company  and/or  any  alleged  understanding  or  arrangement               between you and the Company ; (ii) exceed any payment, benefit, or other thing of               value to which you might otherwise be entitled under any policy, plan or procedure               of  the  Company  and/or  any  agreement  between  you  and  the  Company absent               signing  this  Agreement  and  the  Release;  and  (iii)  are  just  and  sufficient               consideration for the waivers, releases and commitments set forth in this Agreement               and the Release; and            h. No promise or inducement has been offered to you, except as expressly set forth               herein, and you are not relying upon any such promise or inducement in entering               into this Agreement or the Release.               11. Section  409A  of  the Code.  Notwithstanding the  other  provisions  hereof,  this  letter         agreement is intended to comply with the requirements of section 409A of the Internal         Revenue Code of 1986, as amended (&#0;he &#0;Code&#0;).  Accordingly, all provisions herein, or         incorporated by reference, shall be construed and interpreted to comply with section 409A   DB1/ 110398526.13                                         5 

 

       of the Code.  Any amounts payable solely on account of an involuntary separation from         service  within  the  meaning  of  section  409A  of  the  Code  shall  be  excludible  from  the         requirements of section 409A of the Code, either as involuntary separation pay or as short-        term deferral amounts to the maximum possible extent.  Any reimbursements or in-kind         benefits provided under this letter agreement shall be made or provided in accordance with         the requirements of section 409A of the Code, including, where applicable, the requirement         that (i) any reimbursement is for expenses incurred during the period of time specified in         this letter agreement, (ii) the amount of expenses eligible for reimbursement, or in kind         benefits  provided,  during  a  calendar  year  may  not  affect the  expenses  eligible  for         reimbursement, or in  kind benefits  to  be provided, in  any other calendar  year,  (iii) the         reimbursement of an eligible expense will be made no later than the last day of the calendar         year  following  the  year  in  which  the  expense  is incurred,  and  (iv)  the  right  to         reimbursement or in kind benefits is not subject to liquidation or exchange for another         benefit.        12. Miscellaneous.             a. Entire Agreement.  You understand that this Agreement constitutes the complete               understanding  between  the  Company  and  you,  and  supersedes any  and  all               agreements, understandings, and discussions, whether written or oral, between you               and the Company or its affiliates relating to the subject matter hereof.  No other               promises or agreements shall be binding unless in writing and signed by both the               Company and you after the execution of this Agreement.             b. No Admission.  This Agreement is not intended, and shall not be construed, as an               admission that the Company has violated any federal, state, or local statute, order,               law, ordinance, regulation or the like or common law, breached any contract or               committed any wrong whatsoever against you.             c. Construction.  Should  any provision  of this  Agreement require interpretation or               construction, it is agreed by the parties that the entity interpreting or construing this               Agreement shall not apply a presumption against one party by reason of the rule of               construction that a document is to be construed more strictly against the party who               prepared the document.             d. Assignment.  This Agreement is binding upon, and shall inure to the benefit of, the               parties and their respective heirs, executors, administrators, successors and assigns.             e. Governing Law.  This Agreement shall be construed and enforced in accordance               with the laws of the State of Delaware without regard to the principles of conflicts               of law.             f. Headings  and  Captions.   The  headings  and  captions  herein  are  provided  for               reference  and  convenience  only.   They  shall  not  be  considered  part  of  the               Agreement and shall not be employed in the construction of the Agreement.       13. Acceptance.   You  may  accept  this  Agreement  by  signing  it  and  returning  it  to CEC         Entertainment, Inc., 1707 Market Place Blvd., Suite 200, Irving, Texas 75063, attention   DB1/ 110398526.13                                         6 

 

       Chief Legal Officer on or before February 12, 2020. In the event you do not accept this         Agreement or the Release, or you revoke the Release, this Agreement shall be deemed         automatically null and void, and the Company shall have no obligations hereunder,         including but not limited to an obligation to provide the payment pursuant to Paragraph 3.       14. Counterparts. This letter may be executed in one or more counterparts, all of which will         be considered one and the same agreement and will become a binding agreement when one         or more counterparts have been signed by each party and delivered to the other party.    Sincerely,    CEC ENTERTAINMENT, INC.    By:    fu~             ~              [Yl   Name: Andrew S. Jhawar   Title: Chairman     UNDERSTOOD, AGREED TO   AND ACCEPTED WITH THE   INTENTION TO   BE LEGALLY BOUND:     Date:  I/)/    / ~.2-~'--   OB1/ 110398526.13                                          7 

 

                                                                                     Release                                                I, Thomas Leverton, the undersigned, agree to accept the payment set forth on Paragraph 3 of the   separation  agreement  between  me  and CEC  Entertainment,  I&#0;c.  (&#0;he  &#0;C&#0;m&#0;a&#0;&#0;&#0;)  da&#0;ed  a&#0;  &#0;f   January 21, 2020 (&#0;he &#0;Se&#0;a&#0;a&#0;i&#0;&#0; Ag&#0;eeme&#0;&#0;&#0;) i&#0; full resolution and satisfaction of, and hereby   IRREVOCABLY  AND  UNCONDITIONALLY  RELEASE,  REMISE  AND  FOREVER   DISCHARGE  the  Company and  Releasees  from any  and  all  agreements,  promises,  liabilities,   claims, demands, rights and entitlements of any kind whatsoever, in law or equity, whether known   or unknown, asserted or unasserted, fixed or contingent, apparent or concealed, to the maximum   e&#0;&#0;e&#0;&#0; &#0;e&#0;mi&#0;&#0;ed b&#0; la&#0; (&#0;Claim&#0;&#0;), &#0;hich I, m&#0; hei&#0;&#0;, e&#0;ec&#0;&#0;&#0;&#0;&#0;, admi&#0;i&#0;&#0;&#0;a&#0;&#0;&#0;&#0;, &#0;&#0;cce&#0;&#0;&#0;&#0;&#0; &#0;&#0;   assigns ever had, now have or hereafter can, shall or may have for, upon, or by reason of any   matter, cause or thing whatsoever existing, arising, occurring or relating to my employment and/or   termination thereof with the Company and Releasees, or my economic rights as an equity holder   of the Company or Releasees, at any time on or prior to the date I execute this Release, including,   without limitation, any and all Claims arising out of or relating to compensation, benefits, any and   all contract claims, tort claims, fraud claims, claims for bonuses, commissions, sales credits, etc.,   defamation,  disparagement,  or  other  personal  injury  claims,  claims  for  accrued  vacation  pay,   claims under any federal, state or municipal wage payment, discrimination or fair employment   practices law, statute or regulation, and claims for costs, expenses and attorneys' fees with respect   thereto.  This release and waiver includes, without limitation, any and all rights and claims under   Title VII of the Civil Rights Act of 1964, the Civil Rights Acts of 1866, 1871 and 1991, Section   1981  of  U.S.C,,  the Employee  Retirement  Income  Security  Act,  the  Age  Discrimination  in   Employment Act (including but not limited to the Older Workers Benefit Protection Act), the   Americans with Disabilities Act, the Genetic Information Non-discrimination Act,  the Family and   Medical Leave Act, the Equal Pay Act, the Arizona Civil Rights Act, the Arizona Employment   Protection Act, the Arizona Wage Act, the Arizona Minimum Wage Act, the Arizona Equal Pay   Act, the Arizona Occupational Safety and Health Law, the Arizona Right to Work Act, the Arizona   Drug Testing of Employees Act and the Arizona Medical Marijuana Act, and all amendments to   the foregoing, and any other federal, state or local statute, ordinance, regulation or constitutional   provision regarding employment, compensation, employee benefits, termination of employment   or discrimination in employment.        Except  as  permitted  by Paragraph 7(b)  of  the  Separation  Agreement  and  explained  below,  I   represent and affirm (i) that I have not filed any Claim against the Company or Releasees and (ii)   that to the best of my knowledge and belief, there are no outstanding Claims.      For the purpose of implementing a full and complete release and discharge of Claims, I expressly   acknowledge that this Release is intended to include in its effect, without limitation, all the Claims   described in the preceding paragraphs, whether known or unknown, apparent or concealed, and   that this Release contemplates the extinction of all such Claims, including Claim&#0; f&#0;&#0; a&#0;&#0;&#0;&#0;&#0;e&#0;&#0;&#0;   fees.  I expressly waive any right to assert after the execution of this Release that any such Claim   has, through ignorance or oversight, been omitted from the scope of the Release.      F&#0;&#0; &#0;&#0;&#0;&#0;&#0;&#0;e&#0; &#0;f &#0;hi&#0; Relea&#0;e, &#0;he &#0;e&#0;m &#0;&#0;he C&#0;m&#0;a&#0;&#0; a&#0;d Relea&#0;ee&#0;&#0; i&#0;cl&#0;de&#0; &#0;he C&#0;m&#0;a&#0;&#0; a&#0;d   its past, present and future direct and indirect parents (including without limitation Apollo Global    DB1/  110398526.13   

 

 Management, LLC and its affiliates), subsidiaries, affiliates, divisions, predecessors, successors,   and assigns, and their past, present and future officers, directors, shareholders, representatives,   agents, attorneys and employees, in their official and individual capacities, and all other related   individuals and entities, jointly and individually, and this Release shall inure to the benefit of and   shall be binding and enforceable by all such entities and individuals.      Notwithstanding  anything  in  this Release to  the  contrary, I  do not  waive  (i) the  entitlements   pursuant to Paragraphs 2 and 3 of the Separation Agreement, (ii) any claims that, by law, may not   be waived, (iii) any right to indemnification under the governing documents of the Company or   any indemnification agreement between me and the Company, or under any directors and officers   insurance  policy,  with  respect to my performance  of  duties  as  an  officer or  director of  the   Company,  (iv)  any  claim  or  right I ma&#0;  ha&#0;e  f&#0;&#0;  &#0;&#0;em&#0;l&#0;&#0;me&#0;&#0;  i&#0;&#0;&#0;&#0;a&#0;ce  be&#0;efi&#0;&#0;,  &#0;&#0;&#0;ke&#0;&#0;&#0;   compensation benefits, state disability and/or paid family leave insurance benefits pursuant to the   terms of applicable state law, and (v) any rights you may have with respect to the Shares (as defined   in the Separation Agreement) you hold or may acquire (in each case as set forth in Paragraphs 2(d)   or 2(e) of the Separation Agreement) pursuant to the documents governing such Shares.      I understand that nothing in this Release or the Separation Agreement restricts or prohibits   me  from  initiating  communications  directly  with,  responding  to  any  inquiries  from,   providing  testimony  before,  providing  confidential  information  to,  reporting  possible   violations of law or regulation to, or from filing a claim or assisting with an investigation   directly with a self-regulatory authority or a government agency or entity, including the U.S.   Equal Employment Opportunity Commission, the Department of Labor, the National Labor   Relations Board, the Department of Justice, the Securities and Exchange Commission, the   Congress,  and  any  agency  Inspector  General  (collecti&#0;el&#0;,  the  &#0;Reg&#0;lators&#0;),  or  from   making other disclosures that are protected under the whistleblower provisions of state or   federal law or regulation.  However, I acknowledge that to the maximum extent permitted   by law, I am waiving my right to receive any individual monetary relief from the Company   or any others covered by this Release resulting from such claims or conduct, regardless of   whether I or another party has filed them, and in the event I obtain such monetary relief the   Company will be entitled to an offset for the payments made pursuant to this Release and   the Separation Agreement.  I understand that this Release and the Separation Agreement do   not  limit  my  right  to  receive  an  award  from  any  Regulator  that  provides  awards  for   providing information relating to a potential violation of law.  I further understand that I do   not need the prior authorization of the Company to engage in conduct protected by this   Paragraph,  and  that  I  do  not  need  to  notify  the  Company  that  I  have  engaged  in  such   conduct.    I have taken notice that federal law provides criminal and civil immunity to federal and state   claims for trade secret misappropriation to individuals who disclose a trade secret to their   attorney, a court, or a government official in certain, confidential circumstances that are set   forth at 18 U.S.C. §§ 1833(b)(1) and 1833(b)(2), related to the reporting or investigation of a   suspected violation of the law, or in connection with a lawsuit for retaliation for reporting a   suspected violation of the law.    DB1/ 110398526.13                                         2

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