Document:

Exhibit 10.1

 

FORM OF VOTING AND SUPPORT
AGREEMENT

 

THIS VOTING AND
SUPPORT AGREEMENT (the “Agreement”) is made the ______ day of November, 2015.

 

BETWEEN:

 

The person executing this Agreement
as “the Holder”,

 

(hereinafter called the “Holder”),

 

- and -

 

GRAN TIERRA ENERGY INC.,
a corporation existing under the laws of the state of Nevada, (hereinafter called the “Purchaser”),

 

WHEREAS the
Holder is the owner of, or has the power to control or direct, the common shares (the “Subject Shares”) of Petroamerica
Oil Corp. (the “Petroamerica”) and the stock options (the “Subject Options” and collectively
with the Subject Shares, the “Subject Securities”) of Petroamerica, as applicable, listed in Schedule A hereto.
For greater certainty, the term “Subject Shares” shall include any Shares (as defined below) issuable upon the exercise
of any Subject Options;

 

AND WHEREAS
the Purchaser is concurrently herewith entering into an arrangement agreement (the “Arrangement Agreement”)
with Petroamerica which provides for, among other things, the Purchaser acquiring all of the issued and outstanding common
shares (the “Shares”) in the capital of Petroamerica by way of an arrangement under the provisions of the Business
Corporations Act (Alberta) (the “Arrangement”) pursuant to which the holders of the Shares shall be entitled
to receive, at their election, for each Share held: (a) 0.40 of a share in the common stock of the Purchaser; or (b) $1.33 in cash;

 

AND WHEREAS
this Agreement sets out the terms and conditions of the agreement of the Holder, among other things, to vote or cause to be voted
the Subject Shares in favour of the Arrangement and any other matter that could reasonably be expected to facilitate the Arrangement
and to abide by the restrictions and covenants set forth herein;

 

AND WHEREAS the
Purchaser is relying on the covenants, representations and warranties of the Holder set forth in this Agreement in connection
with the Purchaser’s execution and delivery of the Arrangement Agreement;

 

NOW THEREFORE
this Agreement witnesses that, in consideration of the premises and the covenants and agreement herein contained, the parties hereto
agree as follows:

 

Article 1

INTERPRETATION

 

		1.1	All capitalized terms used but not otherwise defined herein shall have the respective meanings
ascribed to them in the Arrangement Agreement.

 

     

     

    

 

		1.2	All references herein to the Arrangement Agreement or any portion thereof refer to the Arrangement
Agreement as it may be amended or modified from time to time subsequent to the date hereof.

 

Article 2

CERTAIN COVENANTS OF THE HOLDER

 

		2.1	The Holder hereby covenants and irrevocably agrees that he or she shall, from the date hereof until
the termination of this Agreement:

 

		(a)	not (i) solicit, initiate, encourage or knowingly facilitate any inquiries, proposals or offers
regarding, constituting or that may reasonably be expected to lead to any Acquisition Proposal, (ii) engage in any discussions
or negotiations with any person regarding, constituting or that may reasonably be expected to lead to any Acquisition Proposal,
(iii) accept or enter into, or publicly propose to accept or enter into, any letter of intent, agreement in principle, agreement
or undertaking related to any Acquisition Proposal, (iv) provide any confidential information relating to Petroamerica or its subsidiaries
to any person or group in connection with any Acquisition Proposal, or (v) otherwise co-operate in any way with any effort or attempt
by any other person or group to do or seek to do any of the foregoing;

 

		(b)	immediately cease and cause to be terminated all existing discussions and negotiations, if any,
with any person or group or any agent or representative of any person or group conducted before the date of this Agreement with
respect to any Acquisition Proposal;

 

		(c)	not take any action of any kind which would cause any of the Holder’s representations or
warranties in this Agreement to become untrue in any material respect or which may in any way materially adversely affect the success
or completion of the Arrangement;

 

		(d)	not option, sell, transfer, pledge, encumber, grant a security interest in, hypothecate or otherwise
convey or enter into any forward sale, repurchase agreement or other monetization transaction with respect to any of the Subject
Securities, or any right or interest therein, to any person or group or agree to do any of the foregoing; provided that, the Holder
may exercise or surrender and terminate the Subject Options in accordance with the terms and subject to the conditions of the Arrangement
Agreement and the Holder may authorize Petroamerica to (i) withhold Shares otherwise due to the Holder pursuant to the exercise
of the Subject Options; and (ii) sell those Shares to fund employee withholding taxes which must be remitted by Petroamerica with
respect the exercise of the Subject Options; provided further that the Holder may sell, assign, convey or otherwise transfer or
dispose of any or all of the Subject Securities to a Related Person provided that such Related Person enters into an agreement
with the Purchaser on the same terms as this Agreement, or otherwise agrees with the Purchaser to be bound by the provisions hereof
or as otherwise consented to by the Purchaser, except in the case of clause (iv) below, as the Holder shall continue to be subject
to the terms of this Agreement in respect of the Subject Securities. For the purposes hereof, “Related Person”
means: (i) a spouse, parent, grandparent, brother, sister or child of the Holder; (ii) a company or family trust if all of the
voting securities of such company are held by, or all the beneficiaries of such trust are, one or more of the persons referred
to in clause (i); (iii) an Affiliate or an “associate” within the meaning of the Securities Act (Alberta);
(iv) a person that is subject to the “control” of the Holder within the meaning of the Securities Act (Alberta);
or (v) a person whose securities are beneficially owned or controlled by substantially similar persons that beneficially own or
control the securities of the Holder;

 

    	 	- 2 -	 

     

    

 

		(e)	not grant or agree to grant any proxy, power of attorney or other right to vote the Subject Shares,
except for proxies or voting instructions to vote, or cause to be voted, securities in accordance with this Agreement or with respect
to any annual business to be considered at the Petroamerica Meeting; and

 

		(f)	not do indirectly that which he or she may not do directly by the terms of this Article 2.

 

		2.2	The Holder irrevocably and unconditionally consents to the details of this Agreement being set
out in the news release of the Purchaser or Petroamerica with respect to the Arrangement and in Circular. Otherwise, each of the
Purchaser and the Holder shall consult with the other before making any public disclosure or announcement of or pertaining to this
Agreement, and any such disclosure or announcement shall be mutually satisfactory to both such parties hereto, acting reasonably;
provided that this Section 2.2 shall not apply to any disclosure or announcement pertaining to this Agreement which a party is
advised by legal counsel is required to be made by Applicable Laws having jurisdiction and which the other party after reasonable
notice will not consent to.

 

		2.3	If the Holder acquires any additional Shares or Petroamerica Options following the date hereof,
the Holder acknowledges that such additional Shares shall be deemed to be Subject Shares and such Shares and Petroamerica Options
collectively shall be deemed to be Subject Securities, in each case for purposes of this Agreement, and the Holder shall abide
by the terms of this Agreement in respect of such Shares and Petroamerica Options.

 

		2.4	To the extent applicable, the Holder irrevocably agrees to exercise, prior to the Petroamerica
Meeting, all of the Subject Options held by the Holder, or to surrender and terminate the Subject Options in accordance with the
terms and conditions of the Arrangement Agreement.

 

Article 3

AGREEMENT TO VOTE

 

		3.1	The Holder hereby irrevocably and unconditionally covenants and agrees that from the date hereof
until the termination of this Agreement:

 

		(a)	to vote or to cause to be voted the Subject Shares at the Petroamerica Meeting (or any adjournment
or postponement thereof) in favour of the Arrangement including, without limitation, the Arrangement Resolution and any other matter
that could reasonably be expected to facilitate the Arrangement;

 

    	 	- 3 -	 

     

    

 

		(b)	to vote or cause to be voted the Subject Shares held by the Holder against any matter that could
reasonably be expected to delay, prevent or frustrate the successful completion of the Arrangement at any meeting of Petroamerica
Shareholders called for the purpose of considering same;

 

		(c)	if the Holder is the holder of record of the Subject Shares, no later than five Business Days prior
to the date of the Petroamerica Meeting, the Holder shall deliver or cause to be delivered to Petroamerica, with a copy to the
Purchaser concurrently, a duly executed proxy or proxies in respect of such Subject Shares directing the holder of such proxy or
proxies to vote in favour of the Arrangement including, without limitation, the Arrangement Resolution and/or any matter that could
reasonably be expected to facilitate the Arrangement;

 

		(d)	if the Holder is the beneficial owner of the Subject Shares, no later than 10 Business Days prior
to the date of the Petroamerica Meeting, the Holder shall deliver or cause to be delivered, a duly executed voting instruction
form to the intermediary through which the Holder holds his or her beneficial interest in the Subject Shares, (provided that if
the Holder is a non-objecting beneficial owner, such voting instructions shall be delivered directly to Petroamerica), with a copy
to the Purchaser concurrently, instructing that the Subject Shares be voted at the Petroamerica Meeting in favour of the Arrangement
including, without limitation, the Arrangement Resolution and/or any matter that could reasonably be expected to facilitate the
Arrangement; and

 

		(e)	such proxy or proxies in Section 3.1(c) shall name those individuals as may be designated by Petroamerica
in Circular and shall not be revoked without the written consent of the Purchaser.

 

For the avoidance of doubt, if
the Holder is the beneficial owner of the Subject Shares, or exercises control or direction over the Subject Shares, but not the
holder of record of the Subject Shares, the Holder will be deemed to satisfy his or her obligations under this Section 3.1 to vote
or to cause to be voted the Subject Shares, if he or she duly instructs that the Subject Shares be voted in the applicable manner.

 

		3.2	The Holder irrevocably and unconditionally covenants and agrees that the Holder will not:

 

		(a)	exercise any rights of dissent or appraisal provided under any Applicable Laws or otherwise in
connection with the Arrangement and not exercise any shareholder rights or remedies available at common law or pursuant to Applicable
Laws to delay, hinder, upset or challenge the Arrangement; or

 

		(b)	bring, or threaten to bring, any suits or proceeding for the purpose of, or which has the effect
of, directly or indirectly, frustrating, stopping, preventing, impeding, delaying or varying the Arrangement.

 

    	 	- 4 -	 

     

    

 

Article 4

FIDUCIARY OBLIGATIONS

 

		4.1	Notwithstanding any other provision of this Agreement, if the Holder is also a director and/or
officer of Petroamerica, the Purchaser hereby agrees and acknowledges that the Holder is bound hereunder solely in his or her capacity
as a securityholder of Petroamerica and that the provisions hereof shall not be deemed or interpreted to bind the Holder: (a) in
his or her capacity as a director or officer of Petroamerica or to restrict, limit or prohibit the Holder from fulfilling his or
her fiduciary duties to Petroamerica, including taking any action permitted by Section 3.4 of the Arrangement Agreement; or
(b) in his or her capacity as an officer of Petroamerica to take any action in contravention of, or omit to take any action pursuant
to, or otherwise take or refrain from taking an actions which are inconsistent with, instructions or directions of Petroamerica’s
board of directors undertaken in proper exercise of their fiduciary duties. If the Holder is also a director and/or officer of
Petroamerica, the Holder acknowledges that Section 3.4 of the Arrangement Agreement imposes certain restrictions on the actions
of Petroamerica and its officers and directors.

 

Article 5

REPRESENTATIONS AND WARRANTIES OF THE HOLDER

 

		5.1	The Holder represents, warrants and, where applicable, covenants to the Purchaser as follows and
acknowledges that the Purchaser is relying upon these representations, warranties and covenants in connection with the entering
into of this Agreement and the Arrangement Agreement:

 

		(a)	the Holder has all necessary power, authority, capacity and right to enter into this Agreement
and to carry out each of his or her obligations under this Agreement;

 

		(b)	this Agreement has been duly executed and delivered by the Holder and, assuming the due authorization,
execution and delivery by the Purchaser, constitutes a legal, valid and binding obligation, enforceable by the Purchaser against
the Holder in accordance with its terms, subject; however, to limitations imposed by Applicable Law in connection with bankruptcy,
insolvency or similar proceedings and to the extent that the award of equitable remedies such as specific performance and injunction
is within the discretion of the court from which they are sought;

 

		(c)	the consummation by the Holder of the transactions contemplated hereby will not constitute a violation
or a default under, or conflict with, any contract, commitment, agreement, arrangement, understanding or restriction of any kind
to which the Holder is a party or by which the Holder is bound;

 

		(d)	the Holder is (i) the legal owner of record; (ii) the beneficial owner exercising control or direction
over (but not the holder of record of); or (iii) a person otherwise entitled to exercise control or direction over (but not the
holder of record of), the Subject Securities as listed in Schedule A, in each case, with good and marketable title thereto, free
and clear of any and all mortgages, liens, charges, restrictions, security interests, adverse claims, pledges, encumbrances and
demands or rights of others of any nature or kind whatsoever;

 

    	 	- 5 -	 

     

    

 

		(e)	no consent, order approval or authorization, including without limitation any regulatory approval
or order of the consent of any third party, is required in connection with the Holder’s entering into of this Agreement and
the Holder’s consummation of the transactions contemplated hereby other than compliance with Applicable Law;

 

		(f)	the Holder has the sole right to vote all the Subject Shares and has not previously granted or
agreed to grant any proxy other than pursuant to this Agreement or other right to vote any of the Subject Shares in respect of
any meeting of Petroamerica Shareholders which is currently in force, and is not subject to a subsisting voting trust, vote pooling
or other agreement with respect to his or her right to vote, call meetings of Petroamerica Shareholders or give consents or approvals
of any kind as to the Subject Shares;

 

		(g)	no individual or entity has any agreement or option, or any right or privilege (whether by law,
pre-emptive or contractual) capable of becoming an agreement or option, for the purchase, acquisition or transfer from the Holder
of any of the Subject Securities or any interest therein or right thereto, including without limitation any right to vote, except
the Purchaser pursuant to this Agreement and Petroamerica in respect of the Subject Options pursuant to their terms and pursuant
to the Arrangement Agreement;

 

		(h)	as of the date hereof, the Subject Securities are the only securities of Petroamerica or its subsidiaries
owned, directly or indirectly, or over which control or direction is exercised, by the Holder and the Holder has no agreement or
option, or right or privilege (whether by law, pre-emptive or contractual) capable of becoming an agreement or option, for the
purchase or acquisition by the Holder of additional securities of Petroamerica other than the Subject Options;

 

		(i)	the Holder has had adequate opportunity to obtain independent legal advice with respect to this
Agreement and fully understands the terms contained in this Agreement; and

 

		(j)	there are no legal proceedings in progress or pending before any Governmental Authority or, to
the knowledge of the Holder, threatened against the Holder that would adversely affect in any manner the ability of the Holder
to enter into this Agreement and to perform his or her obligations hereunder.

 

Article 6

REPRESENTATIONS AND WARRANTIES OF THE PURCHASER

 

		6.1	The Purchaser represents, warrants and, where applicable, covenants to the Holder as follows
and acknowledges that the Holder is relying upon these representations, warranties and covenants in connection with the entering
into of this Agreement:

 

    	 	- 6 -	 

     

    

 

		(a)	the Purchaser is validly existing under the laws of the state of Nevada and has the requisite corporate
power and authority to conduct its business as it is now being conducted and to enter into this Agreement and the Arrangement Agreement
and to perform its obligations hereunder and thereunder;

 

		(b)	the execution and delivery of this Agreement and the Arrangement Agreement by the Purchaser and
the performance by it of its obligations hereunder and thereunder have been duly authorized by its board of directors and no other
corporate proceedings on its part are necessary to authorize this Agreement and the Arrangement Agreement and the performance of
its obligations hereunder and thereunder;

 

		(c)	this Agreement has been duly executed and delivered by the Purchaser and, assuming the due authorization,
execution and delivery by the Holder, constitutes a legal, valid and binding obligation, enforceable by the Holder against the
Purchaser in accordance with its terms, subject, however, to limitations imposed by Applicable Law in connection with bankruptcy,
insolvency or similar proceedings and to the extent that the award of equitable remedies such as specific performance and injunction
is within the discretion of the court from which they are sought;

 

		(d)	the consummation by the Purchaser of the transactions contemplated hereby and under the Arrangement
Agreement will not constitute a violation of a default under, or conflict with, any contract, commitment, agreement, arrangement,
understanding or restriction of any kind to which the Purchaser is a party or by which the Purchaser is bound;

 

		(e)	there are no legal proceedings in progress or pending before any Governmental Authority or, to
the knowledge of the Purchaser, threatened against the Purchaser or its affiliates that would adversely affect in any manner the
ability of the Purchaser to enter into this Agreement and to perform its obligations hereunder or under the Arrangement Agreement;
and

 

		(f)	the Purchaser Shares to be issued pursuant to the Arrangement will be duly and validly issued as
fully paid and non-assessable shares in the capital of the Purchaser.

 

Article 7

TERMINATION

 

		7.1	This Agreement shall automatically terminate upon the earliest of:

 

		(a)	termination of the Arrangement Agreement in accordance with its terms, including, without limiting
the generality of the foregoing, as a result of a decision by Petroamerica to terminate the Arrangement Agreement contemporaneously
with the entering into by Petroamerica of a definitive agreement with a third party providing for an Acquisition Proposal that
is a Superior Proposal;

 

    	 	- 7 -	 

     

    

 

		(b)	the Effective Time;

 

		(c)	if the Arrangement Agreement is amended, modified or waived without the prior written consent of
the Holder, which amendment or modification would reduce the amount or change the form of consideration (other than to add additional
consideration) pursuant to the Arrangement Agreement in respect of the Subject Shares or the Subject Options;

 

		(d)	delivery of written notice by one party to the other if the second-mentioned party has not complied
in all material respects with its covenants contained herein or if the representations and warranties of the second-mentioned party
contained herein are untrue or inaccurate in any material respect; and

 

		(e)	the date that the Arrangement is not approved at the Petroamerica Meeting.

 

		7.2	This Agreement may also be terminated on the date upon which the Purchaser and the Holder mutually
agree to terminate this Agreement.

 

		7.3	In the case of termination of this Agreement pursuant to Section 7.1 or 7.2, this Agreement shall
terminate and be of no further force or effect. Notwithstanding anything else contained herein, such termination shall not relieve
any party from liability for any breach of this Agreement by the party prior to such termination.

 

Article 8

GENERAL

 

		8.1	The Holder and the Purchaser shall, from time to time, promptly execute and deliver all such further
documents and instruments and do all such acts and things as the other party may reasonably require to effectively early out the
intent of this Agreement.

 

		8.2	This Agreement shall not be assignable by any party without the prior written consent of the other
parties. This Agreement shall be binding upon and shall enure to the benefit of and be enforceable by each of the parties hereto
and their respective successors and permitted assigns.

 

		8.3	The Holder and the Purchaser agree to pay their own respective expenses incurred in connection
with this Agreement.

 

		8.4	Time shall be of the essence of this Agreement.

 

		8.5	Any notice or other communication required or permitted to be given hereunder shall be sufficiently
given if in writing, delivered or sent by telecopier or facsimile transmission:

 

		(a)	in the case of the Holder, at the address set forth in Schedule A hereto;

 

		(b)	in the case of the Purchaser:

 

Gran Tierra Energy Inc.

Suite 305, 625 – 11th Avenue SW

Calgary, Alberta T2R 0E1

 

	Attention:	Chief Financial Officer
	Facsimile:	(403) 767-6501

 

    	 	- 8 -	 

     

    

  

		(c)	at such other address as the party to which such notice or other communication is to be given has
last notified the party giving the same in the manner provided in this section and if so given shall be deemed to have been received
on the date of such delivery or sending (or, if such day is not a Business Day, on the next following Business Day).

 

		8.6	This Agreement and the rights and obligations of the parties hereto shall be governed by and construed
in accordance with the laws of the Province of Alberta and the federal laws of Canada applicable therein and the Holder and the
Purchaser each irrevocably attorn to the jurisdiction of the courts of the Province of Alberta.

 

		8.7	Each of the parties hereto agrees with the others that: (a) money damages may not be a sufficient
remedy for any breach of this Agreement by any of the parties; (b) in addition to any other remedies at law or in equity that a
party may have, such party shall be entitled to seek equitable relief, including injunction and specific performance, in addition
to any other remedies available to the party, in the event of any breach of the provisions of this Agreement; and (c) any party
that is a defendant or respondent shall waive any requirement for the securing or posting of any bond in connection with such remedy.
Such remedies shall not he deemed to be exclusive remedies for the breach of this Agreement but shall be in addition to all other
remedies at law or in equity.

 

		8.8	This Agreement constitutes the entire agreement and supersedes all other prior agreements and undertakings,
both written and oral, among the parties with respect to the subject matter hereof.

 

		8.9	This Agreement may be executed in any number of counterparts, each of which shall be deemed to
be an original and all of which taken together shall be deemed to constitute one and the same instrument, and it shall not be necessary
in making proof of this Agreement to produce more than one counterpart.

 

[Signature Page Follows]

 

    	 	- 9 -	 

     

    

 

IN WITNESS WHEREOF
the parties have executed this Voting and Support Agreement as of the date first written above.

 

	 	GRAN TIERRA ENERGY INC.
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

AS THE HOLDER

 

	 	 	 
	Witness	 	(Signature)
	 	 	 
	 	 	 
	 	 	(Print Name)

 

     

     

    

 

SCHEDULE A TO THE VOTING AND SUPPORT
AGREEMENT

 

OWNERSHIP OR CONTROL/DIRECTION OF SUBJECT
SHARES AND SUBJECT OPTIONS

 

	Name	 	Address	 	Shares	 	Options
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

 

Details of whether the securities are owned
of record or beneficially or otherwise controlled or directed to be included.

 

    	 	A-1Exhibit

Exhibit 10-f-9

Employee

Participant Name
Grant Date: Grant Date
Grant ID: Grant ID
Units Granted: Shares Granted
Vesting: 100% after 3 Years

MERITOR, INC.
2010 LONG-TERM INCENTIVE PLAN
PERFORMANCE SHARE UNIT AGREEMENT
In accordance with Section 11 of the 2010 Long-Term Incentive Plan, as amended and restated (the “Plan”) of Meritor, Inc. (the “Company”), the number of Performance Share Units specified above have been granted to you as of the date listed above (“Grant Date”) as Performance Share Units (“Performance Shares”).  By accepting such award (the “Award”), you agree to the terms and conditions of this performance share agreement (the “Agreement”).  Each Performance Share represents a right to receive one share of common stock, par value $1.00 per share, of the Company (the "Common Stock") or its cash equivalent in the future upon achievement of certain performance and time-based vesting criteria.  All capitalized terms used herein and not otherwise defined will have the meanings set forth in the Plan.
		
	1.
	Vesting of Performance Shares

(a)    Except as otherwise provided in this Agreement, the Performance Shares will vest on the third anniversary of the grant date provided that you continue to serve as an employee of the Company for the period from the Grant Date through the third anniversary of the grant date (the “Vesting Period”).
(b)    If you incur a Separation from Service due to your Disability or death (other than pursuant to a Qualifying Termination within the two (2) year period immediately following a Change of Control) prior to the last day of the Vesting Period, then a prorated portion of the Performance Shares, based upon the ratio of the number of full months of the Vesting Period that have elapsed as of the end of the month in which your Separation from Service due to Disability or death occurs over the total number of months in such period, will vest for Plan purposes effective as of the last day of the Vesting Period and will be payable at the time and in the form specified in Section 2 of this Agreement, subject to achievement of the Performance Goals referred to in Section 3 of this Agreement.
(c)    If you incur a Separation from Service due to Retirement (other than pursuant to a Qualifying Termination within the two (2) year period immediately following a Change of Control) at least one (1) year after the Grant Date and prior to the last day of the Vesting Period, then the Award will remain outstanding for the remainder of the Vesting Period and will continue to vest for Plan purposes in 

1

accordance with the terms of this Agreement as though you were still employed and will be payable at the time and in the form specified in Section 2 of this Agreement, subject to achievement of the Performance Goals referred to in Section 3 of this Agreement.
(d)    If you incur a Separation from Service due to involuntary termination of employment by the Company without Cause (other than pursuant to a Qualifying Termination within the two (2) year period immediately following a Change of Control) prior to the last day of the Vesting Period, then solely for purposes of determining whether you are vested in the Award, the number of full years of completed service in the vesting schedule will determine the amount of Performance Shares available to vest on the regularly scheduled vesting date. Each year of completed service during the vesting schedule will allow you to vest in one-third of the award on the scheduled vesting date and the Award will be payable at the time and in the form specified in Section 2 of this Agreement, subject to achievement of the Performance Goals referred to in Section 3 of this Agreement.  
(e)    Subject to Section 9(b) below, if you incur a Separation from Service due to a Qualifying Termination within the two (2) year period immediately following a Change of Control and prior to the last day of the Vesting Period, then the Award will vest on the date of such Separation from Service, will be deemed fully earned at the target amount as of the date on which the Change of Control occurs and will be payable within thirty (30) days of the date of such Separation from Service in the form specified in Section 2.
(f)    If you incur any Separation from Service, that is not described in Section 1(b) through (e) above, prior to the last day of the Vesting Period, then your Award under this Agreement will be immediately cancelled and forfeited and you will have no further rights to the Performance Shares granted pursuant to this Agreement.
		
	2.
	Payment of Performance Shares 

Except as otherwise provided in Section 1(e) of this Agreement, subject to achievement of the Performance Goals referred to in Appendix A of this Agreement and subject to Section 9(b) of this Agreement, within the last calendar month of the calendar year in which the Vesting Period ends, the Company will deliver to you (or in the event of your death, to your estate or any person who acquires your interest in the Performance Shares by bequest or inheritance) upon satisfaction of any required tax withholding obligations one share of Common Stock in respect of each Performance Share or its cash equivalent in a single sum payment in cash, as the Committee in its sole discretion may determine.  For the avoidance of doubt, the Committee may pay an award of Performance Shares wholly in Shares or cash or partly in Shares or cash, as the Committee in its sole discretion may determine.  Any cash amounts payable pursuant to this Section 2 will be calculated based on the fair market value of Meritor stock on the vesting date (or such other date as the Committee shall determine in its sole discretion).  No shares of Common Stock will be issued to you and no cash equivalent will be paid to you at the time the Award is made, and you will not have any rights as a shareowner 

2

with respect to the Performance Shares unless and until the shares of Common Stock have been delivered to you.
		
	3.
	Performance Goals

Except as otherwise provided in Section 1(e) of this Agreement, the payment of Performance Shares will be subject to the achievement of the Performance Goals set forth in Appendix A to this Agreement. The number of shares of Stock (or amount of cash) payable to you in respect of the Performance Shares subject to this Agreement will be determined by multiplying applicable weighted percentage of the number of Performance Shares subject to this Agreement by the applicable percentage payout for achievement of such Performance Goals specified in Appendix A, in each case as determined by the Committee in its sole discretion.  
		
	4.
	Forfeiture of Unearned Performance Shares

Notwithstanding any other provision of this Agreement, if at any time it becomes impossible for you to earn any of the Performance Shares in accordance with this Agreement, then all the Performance Shares will be forfeited and you will have no further rights of any kind or nature with respect thereto.
5.    Transferability

This grant is not transferable by you otherwise than by will or by the laws of descent and distribution, and the Performance Shares will be deliverable, during your lifetime, only to you.

6.    Interpretations and Determinations
All interpretations, determinations and other actions by the Committee not revoked or modified by the Board of Directors will be final, conclusive and binding upon all parties.

7.    Withholding and Sale of Shares for Taxes
You are liable and responsible for all taxes owed in connection with the Performance Shares, regardless of any action the Company takes with respect to any tax withholding obligations that arise in connection with the Performance Shares, whether due to national, federal, state or local taxes, including any employment tax obligation (the “Tax Withholding Obligation”).  The Company has the right, in connection with the delivery of any Shares or cash in respect of the Performance Share Units subject to this Agreement, (a) to deduct from any payment otherwise due by the Company to you or any other person receiving delivery of such shares or cash an amount equal to any taxes required to be withheld by law with respect to such delivery, (b) to require you or any other person receiving such delivery to pay to it an amount sufficient to provide for any such taxes so required to be withheld, or (c) to sell such number of Shares as may be necessary so that the net proceeds of such sale shall be an amount sufficient to provide for any such taxes so required to be withheld.  To the extent that any Performance Share Units are settled in Shares, your acceptance of this Agreement constitutes your irrevocable instruction and authorization to the 

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Company to withhold and sell on your behalf the number of Shares from those Shares issuable to you under this Award as the Company determines to be sufficient to satisfy the Tax Withholding Obligation as and when any such Tax Withholding Obligation becomes due (the “Sale for Taxes”).  This irrevocable instruction is intended to qualify the Sale for Taxes under a safe harbor from insider trading liability for transactions pursuant to a written trading plan that meets the requirements of Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.  In the case of any amounts withheld for taxes pursuant to this provision in the form of Shares, the amount withheld will not exceed the minimum required by applicable law and regulations.
		
	1.
	No Acquired Rights

You acknowledge, agree and consent that:  (a) the Plan is discretionary and the Company may amend, cancel or terminate the Plan at any time; (b) the grant of the Performance Shares is a one-time benefit offered to you and does not create any contractual or other right for you to receive any grant of Performance Shares or benefits under the Plan in the future; (c) future grants, if any, will be at the sole discretion of the Company, including, but not limited to, the timing of any grant, the number of shares and forfeiture provisions; and (d) your participation in the Plan is voluntary.
The value of your Performance Shares is an extraordinary item of compensation outside the scope of your employment contract, if any.  As such, your Performance Shares are not part of normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end-of-service payments, bonuses, long-service awards, pension or retirement benefits or similar payments.
		
	2.
	Section 409A

(a)This Agreement is intended to comply with Section 409A of the Code and the regulations and other guidance related thereto (“Section 409A”) and, to the maximum extent permitted, this Agreement will be interpreted in accordance with such intention. Notwithstanding any other provision of this Agreement to the contrary, the Company makes no representation that the Plan or any amounts payable under this Agreement will be exempt from or comply with Section 409A and makes no undertaking to preclude Section 409A from applying to this Agreement.
(b)To the extent that any amount payable under this Agreement constitutes an amount payable or benefit to be provided under a "nonqualified deferred compensation plan" (as defined in Section 409A) that is not exempt from Section 409A, and such amount is payable as a result of a Separation from Service and you are a "specified employee" (as defined and determined under Section 409A and any relevant procedures that the Company may establish) at the time of your Separation from Service, then, notwithstanding any other provision in this Agreement to the contrary, such payment or delivery of shares will not be made to you until the day after the date that is six (6) months following your Separation from Service, at which time all payments that otherwise would have been paid to you under this Agreement during that six-month period, but 

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were not paid because of this paragraph, will be paid in a single lump sum. This six-month delay will cease to be applicable in the event of your death.
(c)For purposes of this Agreement, “Separation from Service” will have the meaning set forth in Section 409A and all references to termination of employment and similar references will be deemed to be references to “Separation from Service” within the meaning of Section 409A.
		
	3.
	Applicable Law

This Agreement and the Company’s obligation to deliver shares of Common Stock upon payment or settlement of Performance Shares or their cash equivalent hereunder will be governed by and construed and enforced in accordance with the laws of Indiana and the federal laws of the United States.
		
	4.
	Entire Agreement

This Agreement and the Plan embody the entire agreement and understanding between the Company and you with respect to the Performance Shares, and there are no representations, promises, covenants, agreements or understandings with respect to the Performance Shares other than those expressly set forth in this Agreement and the Plan.  In the event of any conflict between this Agreement and the Plan, the terms of the Plan will govern.

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APPENDIX A

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