Document:

Exhibit

CHIMERIX, INC.

NON-EMPLOYEE DIRECTOR COMPENSATION POLICY

LAST MODIFIED: APRIL 18, 2018

Each member of the Board of Directors (the “Board”) who is not also serving as an employee of Chimerix, Inc. (“Chimerix”) or any of its subsidiaries (each such member, an “Eligible Director”) will receive the compensation described in this Non-Employee Director Compensation Policy for his or her Board service.  This policy may be amended at any time in the sole discretion of the Board or the Compensation Committee of the Board.

Annual Cash Compensation

The annual cash compensation amount set forth below is payable in equal quarterly installments, payable in arrears on the last day of each fiscal quarter in which the service occurred. If an Eligible Director joins the Board or a committee of the Board at a time other than effective as of the first day of a fiscal quarter, each annual retainer set forth below will be pro-rated based on days served in the applicable fiscal year, with the pro-rated amount paid for the first fiscal quarter in which the Eligible Director provides the service, and regular full quarterly payments thereafter. All annual cash fees are vested upon payment. 

		
	1.
	Annual Board Service Retainer: 

a.    All Eligible Directors: $40,000

		
	2.
	Annual Chair Service Retainer (in addition to Annual Board Service Retainer):  $30,000 

3.    Annual Committee Member Service Retainer:
a.    Member of the Audit Committee: $10,000
b.    Member of the Compensation Committee: $7,500  
c.    Member of the Nominating & Corporate Governance Committee: $5,000

4.    Annual Committee Chair Service Retainer (in lieu of Annual Committee Service Retainer):
a.    Chairman of the Audit Committee: $20,000
b.    Chairman of the Compensation Committee: $15,000  
c.    Chairman of the Nominating & Corporate Governance Committee: $10,000 

Equity Compensation

The equity compensation set forth below will be granted under the Chimerix 2013 Equity Incentive Plan (the “Plan”). All stock options granted under this policy will be nonstatutory stock options, with an exercise price per share equal to 100% of the Fair Market Value (as defined in the Plan) of the underlying common stock of Chimerix (the “Common Stock”) on the date of grant, and a term of ten years from the date of grant (subject to earlier termination in connection with a termination of service as provided in the Plan).  

1.    Initial Grant: On the date of the Eligible Director’s initial election to the Board (or, if such date is not a market trading day, the first market trading day thereafter), the Eligible Director will be automatically, and without further action by the Board or Compensation Committee of the Board, granted a stock option to purchase 42,000 shares.  One-fourth of the shares subject to the stock option will vest on the one year anniversary of the date of grant and the balance of the shares will vest in a series of 36 equal monthly installments thereafter, such that the option is fully vested on the fourth anniversary of the date of grant, subject to the Eligible Director’s Continuous Service (as defined in the Plan) through each such vesting date and will vest in full upon a Change in Control (as defined in the Plan).

2.    Annual Grant: On the date of each Chimerix annual stockholder meeting, each Eligible Director will be automatically, and without further action by the Board or Compensation Committee of the Board, granted a stock option to purchase 21,000 shares. The shares subject to the stock option will vest in 12 equal monthly installments from the date of grant, provided that in any case each stock option is fully vested on the date of Chimerix’s next annual stockholder meeting, subject to the Eligible Director’s Continuous Service (as defined in the Plan) through each such vesting date and provided further that the stock option will vest in full upon a Change in Control (as defined in the Plan).

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50791103 v8PLAN OF LIQUIDATION
AND TERMINATION

of the

United States
Diesel-Heating Oil Fund, LP

This
Plan of Liquidation and Termination (this “Plan”) is made by United States Commodity Funds LLC, a Delaware limited
liability company and the general partner (the “General Partner”) of United States Diesel-Heating Oil Fund, LP, a Delaware
limited liability partnership organized pursuant to a certificate of amendment of certificate limited partnership on July 17, 2012
(the “Fund”). Reference is made to the Third Amended and Restated Agreement of Limited Partnership of the Fund,
dated as of December 15, 2017 (the “Fund Agreement”). Capitalized terms not defined herein shall have their
meaning assigned in the Fund Agreement.

RECITALS

A.
The board of directors of the General Partner has authorized, (i) pursuant to Section 7.1(l) of the Fund Agreement, the delisting
and deregistration of all outstanding shares of the Fund, and (ii) pursuant to Sections 12.3 and 17.6 of the Fund Agreement, the
compulsory withdrawal of all of the Limited Partners (as such term is defined under the Fund Agreement).

B.
Pursuant to Section 801(4) of the Delaware Revised Uniform Limited Partnership Act (the “DLPA”), a Delaware limited
partnership may be dissolved and its affairs would up upon such time that there are no limited partners of the limited partnership.

C.
Based on the provisions of the Fund Agreement and the DLPA and the determination of the General Partner set forth in the recitals
above, the General Partner has adopted this Plan with respect to the Fund.

D.
The Fund is treated as a partnership that is not taxable as a corporation for U.S. federal income tax purposes.

PROVISIONS

This
Plan, as set forth below, shall be effective on a date determined by the officers of the General Partner following the adoption
of this Plan by the General Partner.

 

ARTICLE 1. Liquidation
and Termination; Withdrawal of Limited Partners; General Partner’s Powers

 

(a)       The
Fund shall be terminated, and its affairs shall be wound up, on such date as the General Partner, with the advice of counsel, may
determine. The liquidation date for the Fund shall be September 12, 2018 (the “Liquidation Date”) and the proceeds
of the liquidation are scheduled to be sent to shareholders on or about September 13, 2018 (the “Withdrawal Date”).

(b)       Effective
as of 5:00 p.m. (prevailing Eastern Time) on the Withdrawal Date, each of the Limited Partners shall withdraw entirely from the
Fund. No further action is required on the part of any Limited Partner to effectuate its withdrawal as a limited partner of the
Fund. The effect of the withdrawal of all of the Limited Partners will be dissolution of the Fund. The General Partner will wind
up the affairs of the Fund in accordance with the Plan, the Fund Agreement and the DLPA, and applicable laws.

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(c)       Following
the Liquidation Date for the Fund, all powers of the General Partner under the Fund Agreement shall continue with respect to the
Fund.

ARTICLE 2.
Filings with Governmental Authorities

The
appropriate officers of the General Partner shall be authorized to (a) file with the SEC and National Futures Association
any supplement and/or regulatory filing in connection with the implementation of this Plan and the transactions contemplated thereby,
(b) file for and obtain any necessary tax clearance certificates and/or other documents required from the State of Delaware
and any other applicable governmental authority for the Fund, (c) timely file any other documents required by any such authority,
including a final Internal Revenue Service Form 1065 (U.S. Return of Partnership Income), and (d) make any other filings the appropriate
officers determine are required.

ARTICLE 3.
Sales, Redemptions, and Trading Before Liquidation Date

 

As of the close of
regular trading on the NYSE Arca, Inc. (“NYSE Arca”), on September 6, 2018, the Fund will no longer accept orders
for Creation Baskets or Redemption Baskets (as such terms are defined in the Fund’s prospectus) from authorized participants.
Trading in the shares of the Fund on the NYSE Arca will be suspended prior to the open of market on September 7, 2018 and beginning
on that date, there can be no assurance that there will be a secondary market for the shares. Shareholders may sell their holdings
before September 7, 2018 and customary brokerage charges may apply to such transactions.

 

On or about September
6, 2018, the Fund will begin the process of liquidating its portfolio. As a result, the Fund’s cash holdings will increase,
and the Fund will no longer be managed in accordance with its investment objective.

 

These distributions
to shareholders will be treated as liquidating distributions for U.S. federal income tax purposes and shareholders are encouraged
to consult their own tax advisors concerning the impact of the liquidation of the Funds in light of their own unique circumstances.

ARTICLE 4.
Liquidation Procedures

(a)       The
General Partner shall cause to be prepared and published via press release, and posted on the Company’s website, notice informing
the shareholders of the Fund of the adoption of this Plan and such other information as such officers shall find necessary or desirable

(b)       In
connection with the liquidation, the Fund shall (1) sell all of its assets for cash, convert them to cash equivalents, or
permit them to mature, and apply the same to the payment of all known or reasonably ascertainable debts, obligations, and other
liabilities of the Fund incurred or expected to be incurred prior to the Fund’s Liquidation Date, including necessary expenses
of such Fund’s liquidation and termination, and (2) obtain such releases, indemnities, refunding, and other agreements
as the General Partner deems necessary for the protection of the Fund and the shareholders.

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(c)       The
assets of the Funds remaining after payment of (or reservation of amounts to pay) the Fund’s liabilities pursuant to (a)
above (the “Net Assets”) will be distributed in a single cash payment (the “Liquidating Distribution”)
ratably among the shareholders of record of the Fund as of the Liquidation Date. For purposes of the Fund’s Liquidating Distribution,
shares of the Fund will be individually redeemable by the Fund and its agents. The Liquidating Distribution for the Fund will be
made promptly after the Liquidation Date. Should any assets of the Fund not be distributed in the Liquidating Distribution, or
should additional assets attributable to the Fund come into the possession of the General Partner in the future, the General Partner
shall, to the extent reasonably practicable, take steps to distribute such assets to shareholders of the Fund as of the Liquidation
Date.

(d)       If
one or more shareholder(s) of the Fund to whom one or more distributions pursuant to paragraph (c) are payable cannot be located,
a trust may be created with a financial institution in the name and on behalf of the Fund and, subject to applicable abandoned
property laws, any remaining assets of the Fund may be deposited in such trust for the benefit of such shareholder(s). The expenses
of any such trust shall be charged against the assets therein. The General Partner is under no obligation to establish such a trust.

ARTICLE 5.
Amendment of this Plan

The
officers of the General Partner, acting on behalf of the General Partner, may authorize variations from, or amendments to, the
provisions of this Plan that are deemed necessary or appropriate to effect such distribution(s) and the Fund’s liquidation
and termination.

 

ARTICLE 6. Expenses

Except
as provided in Article 3, paragraph (d), the Fund, or the General Partner on the Fund’s behalf, shall bear the expenses incurred
in connection with carrying out this Plan applicable to the Fund, including the cost of liquidating its assets and terminating
its existence.

 

ARTICLE 7. Power of the General Partner and
its Officers

 

The General Partner and
the appropriate officers of the General Partner shall have authority to do or authorize any or all acts and things as provided
for in the Plan and any and all such further acts and things as they may consider necessary or desirable to carry out the purposes
of the Plan, including, without limitation, the execution and filing of all certificates, documents, information returns, tax returns,
forms, and other papers that may be necessary or appropriate to implement the Plan or that may be required by any applicable laws.

 

 

 

{Signature Page Follows}

 

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IN WITNESS HEREOF,
the undersigned has executed this Plan and Liquidation and Termination as of this 7th day of August, 2018.

 

 

	 	
UNITED STATES DIESEL-HEATING FUND,
LP

By United States Commodity Funds
LLC,
its General Partner

By: /s/ John P. Love                
Name: John P. Love
Title: President and Chief Executive
Officer

 

 

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