Document:

First amendment to the amended and restated line of credit agreement

 Exhibit 10.35 
 FIRST AMENDMENT 
 TO 
 AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT 
 THIS FIRST AMENDMENT to Amended and Restated Loan and Security Agreement (this “Amendment”) is entered into this 10th day of February, 2010, by and between Silicon Valley Bank
(“Bank”) and OTIX Global, Inc., a Delaware corporation, and HEARINGLife USA, Inc., a Delaware corporation (collectively “Borrower”) whose address is 4246 S. Riverboat Road, Suite 300, Salt Lake City, UT 84123 . 
 RECITALS 
 A. Bank and Borrower have entered into that certain Amended and Restated Loan and Security Agreement with an Effective Date of August 11, 2009, (as the same may from time to time be further
amended, modified, supplemented or restated, the “Loan Agreement”). 
 B. Bank has extended credit to Borrower
for the purposes permitted in the Loan Agreement. 
 C. Borrower has requested that Bank amend the Loan Agreement to
modify the Maximum Losses covenant and make certain other revisions to the Loan Agreement as more fully set forth herein. 
 D. Bank has agreed to so amend certain provisions of the Loan Agreement, but only to the extent, in accordance with the terms, subject to the conditions and in reliance upon the representations and warranties set forth below.

 AGREEMENT 
 NOW, THEREFORE, in consideration of the foregoing recitals and other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, and
intending to be legally bound, the parties hereto agree as follows: 
 1. Definitions. Capitalized terms used but not
defined in this Amendment shall have the meanings given to them in the Loan Agreement. 
 2. Amendments to Loan Agreement.

 2.1 OTIX Global, Inc. All references to Otix Global, Inc. in the Loan Agreement or any of the other Loan Documents
are hereby amended and replaced with OTIX Global, Inc. 
 2.2 Section 6.7(b) (Maximum Losses). Section 6.7(b)
is amended by deleting the existing provision and replacing it with the following: 
 “(b) Maximum
Losses. Not suffer any EBITDA loss in excess of $3,000,000.00 on a cumulative basis for all quarterly or monthly periods, as applicable, in calendar year 2009, and beginning in 2010, this covenant shall be calculated based on a rolling
twelve-month period.”  
  

 Page 1 – First Amendment to Amended and Restated Loan and Security Agreement 

 2.3 Section 10 (Notices). Borrower’s address in Section 10 is
amended as follows: 
 “OTIX Global, Inc. 
 4246 S. Riverboat Road, Suite 300 
 Salt Lake City, UT 84123 
 Attn: VP and CFO 
 Fax: 801.312.1702” 
 2.4 Section 13 (Definitions). The following term and its definition set
forth in Section 13.1 are amended by deleting the existing definition and replacing it with the following: 
 ““EBITDA” shall mean (a) Net Income, plus (b) Interest Expense, plus (c) to the extent deducted in the calculation of Net Income, depreciation expense, amortization, stock option expense, the impairment
charge incurred in the first quarter of 2009 in the amount of not more than $14,658,000.00, the impairment charge incurred in the third quarter of 2009 of not more than $138,000.00 and the impairment charge incurred in the fourth quarter of 2009 of
not more than $16,000,000.00, plus (d) income tax expense.” 
 2.5 Compliance Certificate. The Compliance
Certificate attached as Exhibit D to the Loan Agreement is amended by deleting the existing Compliance Certificate and replacing it with the Compliance Certificate attached to this Amendment as Exhibit D. 
 3. Limitation of Amendments. 
 3.1 The amendments set forth in Section 2 , above, are effective for the purposes set forth herein and shall be limited precisely as written and shall not be deemed to (a) be a consent to
any amendment, waiver or modification of any other term or condition of any Loan Document, or (b) otherwise prejudice any right or remedy which Bank may now have or may have in the future under or in connection with any Loan Document. 
 3.2 This Amendment shall be construed in connection with and as part of the Loan Documents and all terms, conditions,
representations, warranties, covenants and agreements set forth in the Loan Documents, except as herein amended, are hereby ratified and confirmed and shall remain in full force and effect. 
  

 Page 2 – First Amendment to Amended and Restated Loan and Security Agreement 

 4. Representations and Warranties. To induce Bank to enter into this Amendment,
Borrower hereby represents and warrants to Bank as follows:  
 4.1 Immediately after giving effect to this
Amendment (a) the representations and warranties contained in the Loan Documents are true, accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to an earlier date, in
which case they are true and correct as of such date), and (b) no Event of Default has occurred and is continuing;  
 4.2 Borrower has the power and authority to execute and deliver this Amendment and to perform its obligations under the Loan Agreement, as amended by this Amendment;  
 4.3 The organizational documents of Borrower delivered to Bank on the Effective Date remain true, accurate and complete and have not
been amended, supplemented or restated and are and continue to be in full force and effect;  
 4.4 The execution
and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, have been duly authorized;  
 4.5 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan
Agreement, as amended by this Amendment, do not and will not contravene (a) any law or regulation binding on or affecting Borrower, (b) any contractual restriction with a Person binding on Borrower, (c) any order, judgment or decree of any
court or other governmental or public body or authority, or subdivision thereof, binding on Borrower, or (d) the organizational documents of Borrower;  
 4.6 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, do not require any order,
consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by any governmental or public body or authority, or subdivision thereof, binding on either Borrower, except as already has been
obtained or made; and  
 4.7 This Amendment has been duly executed and delivered by Borrower and is the binding
obligation of Borrower, enforceable against Borrower in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, liquidation, moratorium or other similar laws of general application and
equitable principles relating to or affecting creditors’ rights. 
 5. Counterparts. This Amendment may be executed
in any number of counterparts and all of such counterparts taken together shall be deemed to constitute one and the same instrument. 
 6. Effectiveness. This Amendment shall be deemed effective upon (a) the due execution and delivery to Bank of this Amendment by each party hereto, and (b) Borrower’s payment of a fully earned, nonrefundable loan fee in the
sum of $5,000 and Bank's out-of-pocket expenses. 
  

 Page 3 – First Amendment to Amended and Restated Loan and Security Agreement 

 UNDER OREGON LAW, MOST AGREEMENTS, PROMISES AND COMMITMENTS MADE BY BANK CONCERNING LOANS AND OTHER
CREDIT EXTENSIONS WHICH ARE NOT FOR PERSONAL FAMILY OR HOUSEHOLD PURPOSES OR SECURED SOLELY BY THE BORROWER'S RESIDENCE MUST BE IN WRITING, EXPRESS CONSIDERATION AND BE SIGNED BY BANK TO BE ENFORCEABLE. 
 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered as of the date first written above. 
  

									
	BANK	  		 	BORROWER
			
	Silicon Valley Bank	  		 	OTIX Global, Inc.
					
	By:	  	 /s/ Silicon Valley Bank
	  		 	By:	 	 /s/ OTIX Global, Inc.

	Name:	  	  
	  		 	Name:	 	  

	Title:	  	  
	  		 	Title:	 	  

				
		  		  		 	HEARINGLife USA, Inc.
					
		  		  		 	By:	 	 /s/ HEARINGLife USA, Inc.

		  		  		 	Name:	 	  

		  		  		 	Title:	 	  

  

 Page 4 – First Amendment to Amended and Restated Loan and Security Agreement 

 EXHIBIT D 
 COMPLIANCE CERTIFICATE 
  

							
	TO:	  	SILICON VALLEY BANK	  		  	Date:
                                        
  
	FROM:	  	OTIX GLOBAL, INC. AND HEARINGLIFE USA, INC.	  	

 The undersigned authorized officer of OTIX Global, Inc. and HEARINGLife USA, Inc. (collectively
“Borrower”) certifies that under the terms and conditions of the Loan and Security Agreement between Borrower and Bank (the “Agreement”), (1) Borrower is in complete compliance for the period ending
                             with all required covenants except as noted below, (2) there are no Events
of Default, (3) all representations and warranties in the Agreement are true and correct in all material respects on this date except as noted below; provided, however, that such materiality qualifier shall not be applicable to any
representations and warranties that already are qualified or modified by materiality in the text thereof; and provided, further that those representations and warranties expressly referring to a specific date shall be true, accurate and complete in
all material respects as of such date, (4) Borrower, and each of its Subsidiaries, has timely filed all required tax returns and reports, and Borrower has timely paid all foreign, federal, state and local taxes, assessments, deposits and
contributions owed by Borrower except as otherwise permitted pursuant to the terms of Section 5.9 of the Agreement, and (5) no Liens have been levied or claims made against Borrower or any of its Subsidiaries relating to unpaid employee
payroll or benefits of which Borrower has not previously provided written notification to Bank. Attached are the required documents supporting the certification. The undersigned certifies that these are prepared in accordance with GAAP consistently
applied from one period to the next except as explained in an accompanying letter or footnotes. The undersigned acknowledges that no borrowings may be requested at any time or date of determination that Borrower is not in compliance with any of the
terms of the Agreement, and that compliance is determined not just at the date this certificate is delivered. Capitalized terms used but not otherwise defined herein shall have the meanings given them in the Agreement. 
 Please indicate compliance status by circling Yes/No under “Complies” column. 
  

					
	 Reporting Covenant
	  	 Required
	  	Complies
			
	 Quarterly financial statements with
	  	Quarterly within 30 days*	  	Yes    No
	 Compliance Certificate*
	  		  	
	 10-Q, 10-K and 8-K + CC (with 10-Q and 10-K)
	  	Within 5 days after filing with SEC	  	Yes    No
	 Borrowing Base Certificate A/R and A/P Agings
	  	Monthly within 20 days**	  	Yes    No
	 and Inventory reports
	  		  	

  

	*	If the Credit Extensions at any time exceed the sum of permitted Non-Formula Advances plus seventy percent (70%) of Eligible Accounts, then Borrower shall
thereafter provide monthly financial statements within 30 days after the end of each month 

  

	**	Only if Advances (including any Credit Extensions pursuant to the provisions of Sections 2.1.2, 2.1.3, 2.1.4 and 2.1.5) exceed permitted Non-Formula Advances or have
exceeded permitted Non-Formula Advances or an Event of Default has occurred 

  

									
	 Financial Covenant
	  	Required	  	Actual	  	Complies
	 Maintain on a Quarterly Basis:***
	  			  			  	
	 Minimum Adjusted Quick Ratio
	  	 	.75:1.0	  	 	          :1.0	  	Yes    No
	 Maximum EBITDA Loss****
	  	$	3,000,000	  	$	          	  	Yes    No

  

	***	If the Credit Extensions at any time exceed the sum of permitted Non-Formula Advances plus seventy percent (70%) of Eligible Accounts, then Borrower shall
thereafter maintain each covenant as of the last day of each month 

  

	****	This covenant shall be calculated on a cumulative basis for calendar year 2009, and beginning January 1, 2010, this covenant shall be calculated on a rolling
twelve-month basis 

  

 1 

 The following financial covenant analyses and information set forth in Schedule 1 attached
hereto are true and accurate as of the date of this Certificate. 
 The following are the exceptions with respect to the
certification above: (If no exceptions exist, state “No exceptions to note.”) 
  

									
	OTIX Global, Inc.	  	 	 	BANK USE ONLY
					
	By:	  	  
	  		 	Received by:	 	  

	Name:	  	  
	  		 		 	AUTHORIZED SIGNER
	Title:	  	  
	  		 	Date:	 	  

				
	HEARINGLife USA, Inc.	  		 	Verified:	 	  

		  		  		 		 	AUTHORIZED SIGNER
	By:	  	  
	  		 	Date:	 	  

	Name:	  	  
	  		 		 	
	Title:	  	  
	  		 	Compliance Status:                            Yes    
No

  

 2 

 Schedule 1 to Compliance Certificate 
 Financial Covenants of Borrower 
 In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. 
 Dated:
                                        

  

	I.	Adjusted Quick Ratio (Section 6.7(a)) 

  

	Required:	                    0.75:1.00 

  

	Actual:	

  

					
	A.	  	Aggregate value of unrestricted cash or Cash Equivalents of Borrower with maturities of fewer than 18 months	  	$                  
			
	B.	  	Aggregate value of the net billed accounts receivable of Borrower	  	$                  
			
	C.	  	Quick Assets (the sum of lines A and B)	  	$                  
			
	D.	  	Aggregate value of Obligations to Bank that matures within one (1) year	  	$                  
			
	E.	  	Aggregate value of other liabilities of Borrower (including all Indebtedness) that matures within one (1) year and current portion of Subordinated Debt permitted by Bank to be
paid by Borrower	  	$                  
			
	F.	  	Current Liabilities (the sum of lines D and E)	  	$                  
			
	G.	  	Aggregate value of all amounts received or invoiced by Borrower in advance of performance under contracts and not yet recognized as revenue	  	$                  
			
	H.	  	Line F minus Line G	  	$                  
			
	I.	  	Adjusted Quick Ratio (line C divided by line H)	  	  ________

 Is line I equal to or greater than
0.75:1:00? 
  

			
	                     No, not in compliance	  	                     Yes, in
compliance

  

	II.	Maximum Losses (Section 6.7(b)) 

 Required:                    ($3,000,000) 
  

					
	A.	  	Cumulative Net Income of Borrower and its Subsidiaries to date for calendar year 2009. Beginning January 1, 2010, the Net Income of Borrower and its Subsidiaries for the twelve
(12) month period up and including the most recent quarter; however, if the Maximum Losses Covenant is reported monthly, then for the twelve (12) month period up to and including the most recent month	  	$                  
			
	B.	  	(a) To the extent included in the determination of Net Income of Borrower and its Subsidiaries to date for calendar year 2009, or (b) to the extent included in the determination
of Net Income of Borrower and its Subsidiaries, beginning January 1, 2010, for the twelve (12) month period up and including the most recent quarter or, if the Maximum Losses Covenant is reported monthly, then for the twelve (12) month period up to
and including the most recent month:	  	

  

 3 

					
		  	1. The provision for income taxes	  	$                  
			
		  	2. Depreciation expense	  	$                  
			
		  	3. Amortization expense	  	$                  
			
		  	4. Net Interest expense	  	$                  
			
		  	5. Stock option expense	  	$                  
			
		  	6. The impairment charge incurred in the first quarter of 2009 of not more than $14,658,000.00	  	$                  
			
		  	7. The impairment charge incurred in the third quarter of 2009 of not more than $138,000.00	  	$                  
			
		  	8. The impairment charge incurred in the fourth quarter of 2009 of not more than $16,000,000.00	  	$                  
			
		  	9. All non-cash income	  	$                  
			
		  	10. The sum of lines 1 through 8 minus line 9	  	$                  
			
	C.	  	EBITDA (line A plus line B.9)	  	  ________

 Is the loss in line C greater than
($3,000,000)? 
  

			
	                     Yes, not in compliance	  	                     No, in
compliance

  

 4Form of Assurant, Inc. Restricted Stock Unit Award Agreement

 Exhibit 10.1 
 A S S U R A N T, I N C. 
 R E S T R I C T E D   S T O
C K   U N I T   AWARD   A G R E E M E N T 
 [20__] Performance-Based Award

 THIS AGREEMENT, dated as of
[                    ], between Assurant, Inc., a Delaware corporation (the “Company”), and
[                    ] (the “Participant”). 
 In consideration of the mutual promises and covenants made herein and the mutual benefits to be derived herefrom, the parties hereto agree
as follows: 
 1. Grant, Vesting and Forfeiture of Restricted Stock Units. (a) Grant. Subject to the
provisions of this Award Agreement (this “Agreement”) and the provisions of the Assurant, Inc. Long Term Equity Incentive Plan (the “Plan”), the Company hereby grants to the Participant, as of
[                    ] (the “Grant Date”),
[            ] Restricted Stock Units (the “Restricted Stock Units”), each with respect to one share of common stock of the Company, par value $0.01 per Share
(“Common Stock”). All capitalized terms used herein, to the extent not defined, shall have the meaning set forth in the Plan. 
 (b) Vesting. Subject to the terms and conditions of this Agreement, a number of Restricted Stock Units shall vest and shall no longer be subject to any restriction on the date that the
Committee determines and certifies (the “Determination Date”) the Company’s achievement in respect of each Goal (as defined below) for the period beginning on January 1, 2010 and ending on December 31, 2012 (such period, the
“Performance Period”), provided that the Participant is continuously employed by the Company until the third anniversary of the Grant Date. Vesting of the Restricted Stock Units shall be determined based upon the average of the
Company’s ranked average percentile, for each calendar year included in the Performance Period, with respect to each of the following goals (the “Goals”) relative to an index of the Company’s peers established by the Company
within 90 days following the commencement of the Performance Period (the “Ranked Average Percentile Index Performance”): growth in book value per diluted share excluding accumulated other comprehensive income, growth in revenue, and
achievement of total shareholder return. Each Goal shall be weighted equally in determining the Company’s annual ranked average percentile index performance. The number of Restricted Stock Units that shall vest shall be determined as follows:

  

			
	 Company’s Ranked Average
 Percentile Index Performance
	  	Percentage of Applicable
Restricted Stock Units that Vest
	 Below 25th Percentile
	  	0%
	 25th Percentile
	  	50%
	 50th Percentile
	  	100%
	 75th Percentile or Above
	  	150%

 Vesting for ranked average percentile
index performance that falls between the 25th and 50th percentiles and between the 50th and 75th percentiles shall be determined by straight-line interpolation. The Determination Date shall occur no later than 70 calendar days following the
conclusion of the Performance Period, and on the Determination Date the Committee shall determine the number of Restricted Stock Units, if any, that shall vest pursuant to each Goal. Such determinations shall be final, binding and conclusive on all
persons for all purposes. 
  

 -1- 

 (c) Forfeiture; Termination of Employment. Upon the Participant’s
Termination of Employment for any reason during the Performance Period, all Restricted Stock Units shall be forfeited. Notwithstanding the foregoing, (i) in the event that the Participant experiences a Termination of Employment during the
Performance Period due to the Participant’s Retirement at any time following the end of the calendar year in which the Grant Date occurred, the Participant shall vest in that number of Restricted Stock Units determined in accordance with
Section 1(b) and (ii) in the event of the Participant’s Termination of Employment during the Performance Period by the Company without Cause, or Termination of Employment due to death or Disability, the Participant shall vest in a
number of Restricted Stock Units equal to the product of (A) the number of Restricted Stock Units determined in accordance with Section 1(b) and (B) a fraction, the numerator of which is the number of full months in the Performance
Period from the Grant Date until the date of Termination of Employment (provided that, for this purpose, the month in which the Grant Date occurs shall be considered a full month) and the denominator of which is the total number of months in
the Performance Period. Any Restricted Stock Units earned pursuant to the immediately preceding sentence shall be settled in accordance with Section 2. For purposes of this Agreement, employment with the Company shall include employment with
the Company’s Affiliates and its successors. Nothing in this Agreement or the Plan shall confer upon the Participant any right to continue in the employ of the Company or any of its Affiliates or interfere in any way with the right of the
Company or any such Affiliates to terminate the Participant’s employment at any time. 
 2. Settlement of
Units. As soon as practicable after the Determination Date, and in no event later than 75 calendar days after the end of the Performance Period, the Company shall deliver to the Participant or his or her personal representative, in book-position
or certificate form, one Share that does not bear any restrictive legend for each vested Restricted Stock Unit. 
 3. Dividend Equivalents. The Participant shall have the right to receive Dividend Equivalents with respect to Shares underlying the Restricted Stock Units that vest pursuant to this Agreement. The Dividend Equivalents represent
the right to receive an amount equal to the aggregate regular cash dividends that would have been paid to the Participant if the Participant had been the record owner, on each record date for a cash dividend during the period from the Grant Date
through the date on which the applicable Restricted Stock Units are settled, of a number of Shares equal to the applicable number of Restricted Stock Units that vest pursuant to this Agreement. The Dividend Equivalents shall be paid, in cash, on the
date on which the applicable Restricted Stock Units are settled pursuant to this Agreement, based on the amount of dividends that would have accrued on the Shares earned based on actual performance. 
 4. Nontransferability of the Restricted Stock Units. During the Performance Period and until such time as the Restricted Stock
Units are ultimately settled as provided in Section 2 above, the Restricted Stock Units and the Shares covered by the Restricted Stock Units shall not be transferable by the Participant by means of sale, assignment, exchange, encumbrance,
pledge, hedge or otherwise. Any purported or attempted transfer of such Shares or such rights shall be null and void. 
 5. Rights as a Stockholder. During the Performance Period, the Participant shall not be entitled to any rights of a stockholder with respect to the Restricted Stock Units (including, without limitation, any voting rights).

 6. Adjustment; Change of Control. In the event of certain transactions during the Performance Period, the
Restricted Stock Units shall be subject to adjustment as provided in Section 3.4 of the Plan or any applicable successor provision under the Plan. In the event of a Change of Control during the Performance Period (i) prior to the first
anniversary of the Grant Date, the Participant shall vest in that number of Restricted Stock Units determined pursuant to Section 1(b), assuming that the Company

  

 -2- 

 
achieved Ranked Average Percentile Index Performance equal to the 50th percentile or (ii) after the first anniversary of the Grant Date, the Participant shall vest in that number of
Restricted Stock Units determined pursuant to Section 1(b), assuming that the Company achieved Ranked Average Percentile Index Performance equal to the greater of (A) the 50th percentile and (B) the Company’s actual Ranked
Average Percentile Index Performance, taking into account performance through the latest date preceding the date of the Change of Control as to which performance can, as a practical matter, be determined (but not later than the end of the
Performance Period). Restricted Stock Units that vest pursuant to this Section 6 shall be settled within 5 calendar days following the Change of Control; provided, however, that any Restricted Stock Units that constitute
“nonqualified deferred compensation” as defined under Section 409A of the Code shall not be settled upon such Change of Control unless the Change of Control constitutes a “change in control event” within the meaning of
Section 409A of the Code and will instead be settled at such time as specified in Section 2. 
 7. Payment of
Transfer Taxes, Fees and Other Expenses. The Company agrees to pay any and all original issue taxes and stock transfer taxes that may be imposed on the issuance of Shares received by a Participant in connection with the Restricted Stock Units,
together with any and all other fees and expenses necessarily incurred by the Company in connection therewith. 
 8. Taxes and Withholding. No later than the date as of which an amount first becomes includible in the gross income of the Participant for federal, state, local, foreign income, employment or other tax purposes with respect to
any Restricted Stock Units, the Participant shall pay to the Company, or make arrangements satisfactory to the Company regarding the payment of, all federal, state, local and foreign taxes that are required by applicable laws and regulations to be
withheld with respect to such amount. The obligations of the Company under this Agreement shall be conditioned on compliance by the Participant with this Section 8, and the Company shall, to the extent permitted by law, have the right to deduct
any such taxes from any payment otherwise due to the Participant, including deducting such amount from the delivery of Shares upon settlement of the Restricted Stock Units that gives rise to the withholding requirement. 
 9. Notices. Notices and other communications under this Agreement must be in writing and shall be given by hand delivery to the
other party or by facsimile, overnight courier, or registered or certified mail, return receipt requested, postage prepaid, addressed as follows: 
 If to the Participant: 
 At the most recent address 
 on file at the Company. 
 If to the Company: 
 Assurant, Inc. 
 One Chase Manhattan Plaza, 41st Floor 
 New York, New York 10005 
 Attention: Secretary 
 or to such
other address or facsimile number as any party shall have furnished to the other in writing in accordance with this Section 9. Notices and communications shall be effective when actually received by the addressee. Notwithstanding the foregoing,
the Participant consents to electronic delivery of documents required to be delivered by the Company under the securities laws. 
 10. Effect of Agreement. This Agreement is personal to the Participant and, without the prior written consent of the Company, shall not be assignable by the Participant otherwise than by will or the laws of descent and
distribution. This Agreement shall inure to the benefit of and be enforceable by the Participant’s legal representatives. This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns. 

 

 -3- 

 11. Laws Applicable to Construction; Consent to Jurisdiction. The
interpretation, performance and enforcement of this Agreement shall be governed by the laws of the State of Delaware without reference to principles of conflict of laws, as applied to contracts executed in and performed wholly within the State of
Delaware. In addition to the terms and conditions set forth in this Agreement, the Restricted Stock Units are subject to the terms and conditions of the Plan, which is hereby incorporated by reference. 
 12. Severability. If any one or more of the provisions contained in this Agreement are held to be invalid, illegal or
unenforceable, the other provisions of this Agreement shall be construed and enforced as if the invalid, illegal or unenforceable provision had never been included. 
 13. Conflicts and Interpretation. In the event of any conflict between this Agreement and the Plan, the Plan shall control. In the event of any ambiguity in this Agreement, or any matters as
to which this Agreement is silent, the Plan shall govern including, without limitation, the provisions thereof pursuant to which the Committee has the power, among others, to (a) interpret the Plan, (b) prescribe, amend and rescind rules
and regulations relating to the Plan, and (c) make all other determinations deemed necessary or advisable for the administration of the Plan. The Participant and the Company each acknowledges that this Agreement (together with the Plan)
constitutes the entire agreement and supersedes all other agreements and understandings, both written and oral, among the parties or either of them, with respect to the subject matter hereof. 
 14. Amendment. The Company may modify, amend or waive the terms of the Restricted Stock Unit award, prospectively or
retroactively, but no such modification, amendment or waiver shall materially impair the rights of the Participant without his or her consent, except as required by applicable law, stock exchange rules, tax rules or accounting rules. The waiver by
either party of compliance with any provision of this Agreement shall not operate or be construed as a waiver of any other provision of this Agreement, or of any subsequent breach by such party of a provision of this Agreement. 
 15. Section 409A of the Code. It is the intention of the Company that the Restricted Stock Units shall either (a) not
constitute “nonqualified deferred compensation” as defined under Section 409A of the Code or (b) comply in all respects with the requirements of Section 409A of the Code and the regulations promulgated thereunder, such that
no delivery of Shares pursuant to this Agreement will result in the imposition of taxation or penalties as a consequence of the application of Section 409A of the Code. Shares in respect of any Restricted Stock Units that (i) constitute
“nonqualified deferred compensation” as defined under Section 409A of the Code and (ii) vest as a consequence of the Participant’s termination of employment shall not be delivered until the date that the Participant incurs a
“separation from service” within the meaning of Section 409A of the Code (or, if the Participant is a “specified employee” within the meaning of Section 409A of the Code and the regulations promulgated thereunder, the
date that is six months following the date of such “separation from service”). If the Company determines after the Grant Date that an amendment to this Agreement is necessary to ensure the foregoing, it may, notwithstanding
Section 14, make such an amendment, effective as of the Grant Date or any later date, without the consent of the Participant. Notwithstanding any provision of this Agreement or the Plan, in the event that any taxes or penalties are imposed on
the Participant by reason of Section 409A of the Code, the Participant acknowledges and agrees that such taxes or penalties shall be the exclusive obligation of the Participant, and the Company shall have no liability therefor. 
  

 -4- 

 16. Headings. The headings of Sections herein are included solely for
convenience of reference and shall not affect the meaning or interpretation of any of the provisions of this Agreement. 
 17. Counterparts. This Agreement may be executed in counterparts, which together shall constitute one and the same original. 
 IN WITNESS WHEREOF, as of the date first above written, the Company has caused this Agreement to be executed on its behalf by a duly authorized officer and the Participant has hereunto set the
Participant’s hand. 
  

	
	ASSURANT, INC.
	
	By:
	
	  

	[                                    
]
	[                                    
]

  

 -5-

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