Document:

Lease, by and between Pracvest, LC, and CyberSource Corporation

 Exhibit 10.1 
 LEASE 
 by and between 
 PRACVEST, LC, 
 a Utah limited liability company, 
 as Landlord 
 and 
 CYBERSOURCE CORPORATION, 
 a Delaware
corporation, 
 as Tenant 
 for space 
 Suite #100 
 Building #6, UVBP 
 808 East Utah Valley Drive 
 in 
 AMERICAN FORK CITY, UTAH 
 

 
  

 PRACVEST, LC - AMERICAN FORK CITY, UTAH 
 TABLE OF CONTENTS 
  

					
	ARTICLE I. BASIC LEASE PROVISIONS; ENUMERATION OF EXHIBITS	  	1
		  	SECTION 1.01 BASIC LEASE PROVISIONS	  	1
		  	SECTION 1.02 SIGNIFICANCE OF A BASIC LEASE PROVISION	  	3
		  	SECTION 1.03 ENUMERATION OF EXHIBITS	  	3
		
	ARTICLE II. GRANT AND PREMISES	  	3
		  	SECTION 2.01 PREMISES	  	3
		
	ARTICLE III. RENT	  	3
		  	SECTION 3.01 BASE MONTHLY RENT	  	3
		  	SECTION 3.02 ESCALATION	  	3
		  	SECTION 3.03 TENANT’S SHARE OF OPERATING EXPENSES	  	3
		  	SECTION 3.04 TAXES	  	4
		  	SECTION 3.05 PAYMENTS	  	4
		
	ARTICLE IV. RENTAL TERM, COMMENCEMENT DATE & PRELIMINARY TERM	  	4
		  	SECTION 4.01 RENTAL TERM	  	4
		  	SECTION 4.02 RENTAL COMMENCEMENT DATE	  	4
		  	SECTION 4.03 PRELIMINARY TERM	  	4
		
	ARTICLE V. CONSTRUCTION OF PREMISES	  	4
		  	SECTION 5.01 CONSTRUCTION BY LANDLORD	  	4
		  	SECTION 5.02 CHANGES AND ADDITIONS BY LANDLORD	  	4
		  	SECTION 5.03 DELIVERY OF POSSESSION	  	5
		
	ARTICLE VI. TENANT’S IMPROVEMENTS AND TENANT WORK	  	5
		  	SECTION 6.01 TENANTS INITIAL IMPROVEMENTS	  	5
		  	SECTION 6.02 TENANT WORK	  	5
		
	ARTICLE VII. USE	  	5
		  	SECTION 7.01 USE OF PREMISES	  	5
		  	SECTION 7.02 HAZARDOUS SUBSTANCES	  	5
		
	ARTICLE VIII. OPERATION AND MAINTENANCE OF COMMON AREAS	  	6
		  	SECTION 8.01 CONSTRUCTION AND CONTROL OF COMMON AREAS	  	6
		  	SECTION 8.02 LICENSE	  	6
	,	  	SECTION 8.03 AUDIT	  	7
		
	ARTICLE IX. ALTERATIONS, SIGNS, LOCKS & KEYS	  	7
		  	SECTION 9.01 ALTERATIONS	  	7
		  	SECTION 9.02 SIGNS	  	7
		  	SECTION 9.03 LOCKS AND KEYS	  	7
		
	ARTICLE X. MAINTENANCE AND REPAIRS: ALTERATIONS: ACCESS	  	7
		  	SECTION 10.01 LANDLORD’S OBLIGATION FOR MAINTENANCE	  	7
		  	SECTION 10.02 TENANT’S OBLIGATION FOR MAINTENANCE	  	7
		  	SECTION 10.03 SURRENDER AND RIGHTS UPON TERMINATION	  	8
		
	ARTICLE XI. INSURANCE AND INDEMNITY	  	8
		  	SECTION 11.01 LIABILITY INSURANCE AND INDEMNITY	  	8
		  	SECTION 11.02 FIRE AND CASUALTY INSURANCE	  	8
		  	SECTION 11.03 WAIVER OF SUBROGATION	  	9
		
	ARTICLE XII UTILITY CHARGES	  	9
		  	SECTION 12.01 OBLIGATION OF LANDLORD	  	9
		  	SECTION 12.02 OBLIGATIONS OF TENANT	  	9
		  	SECTION 12.03. EXTRA HOURS CHARGES	  	10
		  	SECTION 12.04. LIMITATIONS ON LANDLORDS LIABILITY	  	10
		
	ARTICLE XIII. OFF-SET STATEMENT, ATTORNMENT AND SUBORDINATION	  	10
		  	SECTION 13.01 OFF-SET STATEMENT	  	10
		  	SECTION 13.02 ATTORNMENT	  	10
		  	SECTION 13.03 SUBORDINATION	  	10
		  	SECTION 13.04 MORTGAGEE SUBORDINATION	  	10
		  	SECTION 13.05 REMEDIES	  	10

 

 
  

					
	ARTICLE XIV. ASSIGNMENT	  	10
		  	SECTION 14.01 ASSIGNMENT	  	10
		
	ARTICLE XV. WASTE OR NUISANCE	  	11
		  	SECTION 15.01 WASTE OR NUISANCE	  	11
		
	ARTICLE XVI. NOTICES	  	11
		  	SECTION 16.01 NOTICES	  	11
		
	ARTICLE XVII. DESTRUCTION OF THE PREMISES	  	11
		  	SECTION 17.01 DESTRUCTION	  	11
		
	ARTICLE XVIII. CONDEMNATION	  	11
		  	SECTION 18.01 CONDEMNATION	  	11
		
	ARTICLE XIX. DEFAULT OF TENANT	  	12
		  	SECTION 19.01 DEFAULT - RIGHT TO RE-ENTER	  	12
		  	SECTION 19.02 DEFAULT- RIGHT TO RE-LET	  	12
		  	SECTION 19.03 LEGAL EXPENSES	  	13
		
	ARTICLE XX. BANKRUPTCY, INSOLVENCY OR RECEIVERSHIP	  	13
		  	SECTION 20.01 ACT OF INSOLVENCY, GUARDIANSHIP, ETC	  	13
		
	ARTICLE XXI. LANDLORD ACCESS	  	13
		  	SECTION 21.01 LANDLORD ACCESS	  	13
		
	ARTICLE XXII. LANDLORD’S LIEN	  	13
		  	SECTION 22.01 LANDLORD’S LIEN	  	13
		
	ARTICLE XXIII. HOLDING OVER	  	13
		  	SECTION 23.01 HOLDING OVER	  	13
		  	SECTION 23.02 SUCCESSORS	  	13
		
	ARTICLE XXIV. RULES AND REGULATIONS	  	14
		  	SECTION 24.01 RULES AND REGULATIONS	  	14
		
	ARTICLE XXV. QUIET ENJOYMENT	  	14
		  	SECTION 25.01 QUIET ENJOYMENT	  	14
		
	ARTICLE XXVI. SECURITY DEPOSIT	  	14
		  	SECTION 26.01 SECURITY DEPOSIT	  	14
		
	ARTICLE XXVII. MISCELLANEOUS PROVISIONS	  	14
		  	SECTION 27.01 WAIVER	  	14
		  	SECTION 27.02 ENTIRE AGREEMENT	  	14
		  	SECTION 27.03 FORCE MAJEURE	  	14
		  	SECTION 27.04 LOSS AND DAMAGE	  	14
		  	SECTION 27.05 ACCORD AND SATISFACTION	  	15
		  	SECTION 27.06 NO OPTION	  	15
		  	SECTION 27.07 ANTI-DISCRIMINATION	  	15
		  	SECTION 27.08 SEVERABILITY	  	15
		  	SECTION 27.09 OTHER MISCELLANEOUS PROVISIONS	  	15
		  	SECTION 27.10 REPRESENTATION REGARDING AUTHORITY	  	15
		  	SECTION 27.11 DISCLOSURE OF PARTIES	  	15
		  	SECTION 27.12 TENANT CERTIFICATION	  	15
		
	LANDLORD ACKNOWLEDGMENT	  	17
		
	ACKNOWLEDGMENT OF TENANT (LLC)	  	17

 

 
  

 LEASE AGREEMENT 
 ARTICLE I. BASIC LEASE PROVISIONS; ENUMERATION OF EXHIBITS 
 SECTION 1.01 BASIC LEASE PROVISIONS

  

	(A)	DATE: December 14 ,2007 

  

	(B)	LANDLORD: PRACVEST, LC, a Utah limited liability company 

  

	(C)	ADDRESS OF LANDLORD FOR NOTICES (Section 16.01): 2733 East Parleys Way, Suite 300, Salt Lake City, UT 84109. 

  

	(D)	TENANT: CyberSource Corporation a Delaware corporation (Tax ID: 77-0472961) 

  

	(E)	ADDRESS OF TENANT FOR NOTICES (Section 16.01): CyberSource Corporation HO, 1295 Charleston Rd., Mountain View, CA 94043 

  

	(F)	PERMITTED USES (Section 7.01): General office use. 

  

	(G)	TENANT’S TRADE NAME (Exhibit “E” - Sign Criteria): CyberSource 

  

	(H)	BUILDING (Section 2.01): Building #6 located at 808 East Utah Valley Drive, American Fork, Utah 84003, Utah County, State of Utah. 

  

	(I)	PREMISES (Section 2.01): That entire building at the address set forth hereinabove consisting of approximately 39,756 square feet of gross rentable area.

  

	(J)	DELIVERY OF POSSESSION (Section 5.03): Preliminary Term begins on Delivery of Possession, which is estimated to be upon full and final execution of the lease (Section 4.03).

  

	(K)	RENTAL TERM, COMMENCEMENT AND EXPIRATION DATE (Sections 4.01 & 4.02): The Rental Term shall commence on the earlier of (a) February 15, 2008 or
(b) the date Tenant opens for business at the Leased Premises, and shall be for a period of five ( 5 ) full Lease Years ending March 31, 2013. If commencement is delayed past February 15, 2008, the ending date
shall be accordingly delayed to the last day of the month reflecting five (5) full Lease Years plus the initial fractional calendar month. 

  

	(L)	BASE MONTHLY RENT (Section 3.01); Fifty-Two Thousand Four Hundred Eleven and 66/100 Dollars ($52,411.66) per calendar month. 

  

	(M)	ESCALATIONS IN BASE MONTHLY RENT (Section 3.02): During the Rental Term, Base Monthly Rent shall escalate as follows: 

 $53,984.01 monthly, commencing on the 1st day of the 13th full month following the Rental Commencement
Date; 
 $55,603.53 monthly, commencing on the 1st day of the 25th full month following the Rental Commencement Date; 
 $57,271.64 monthly, commencing on the 1st day of the 37th full month following the Rental Commencement
Date; 
 $58,989.79 monthly, commencing on the 1st day of the 49th full month following the Rental Commencement Date. 
  

	(N)	LANDLORD’S SHARE OF OPERATING EXPENSES (Section 3.03): Landlord shall pay Operating Expenses as set forth in Section 1.01 (P) herein below for the duration of
the Rental Term. 

  

	(O)	TENANT’S PRO RATA SHARE OF OPERATING EXPENSES (Section 3.03): Not applicable. 

  

	(P)	RESPONSIBILITY FOR UTILITIES AND SERVICES: Subject to the provisions of Section 3.03, this Lease provides that the utilities and services shall be paid by the party
shown below: 

  

							
	Heat:	  	Tenant	  	Real Property Taxes:	  	Landlord
	Water:	  	Tenant	  	Personal Property Taxes:	  	Tenant
	Telephone:	  	Tenant	  	Janitorial:	  	Tenant
	Electricity:	  	Tenant	  	Building Casualty Insurance:	  	Landlord
	Common Area Maintenance:	  	Landlord	  	Personal Property Insurance:	  	Tenant
	Liability Insurance-Premises:	  	Tenant	  	Liability Ins.-Common Area:	  	Landlord

 

 
  

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 Landlord shall arrange for utility services for Premises except that telephone, gas, sewer and water, and
electrical services shall be contracted for directly by Tenant. 
  

	(Q)	EXCESS HOUR UTILITY CHARGES AND HOURS OF OPERATION (Section 12.03): Intentionally omitted. 

  

	(R)	TENANT PARKING: Landlord covenants that Tenant’s employees, contractors, visitors, and invitees, shall be permitted to park within the area designated on Exhibit
“A”, attached hereto and by this reference incorporated herein. 

  

	(S)	LANDLORD’S CONTRIBUTION TO TENANT’S WORK (Section 6.02): Landlord shall provide at Landlord’s cost all initial Tenant improvements set forth in Exhibit
“C” Landlord and Tenant have agreed to the re-configuration plan for the main floor as shown on Exhibit “A-1” which shows nine (9) new office/conference spaces. Landlord will provide basic space planning and construction
drawings at no cost to Tenant. 

  

	(T)	PREPAID RENT: Fifty-Two Thousand Four Hundred Eleven and 66/100 Dollars ($52,411.66) which shall be applied to the first installment(s) of Base Monthly Rent due
hereunder. 

  

	(U)	SECURITY DEPOSIT (Section 26.01): Fifty-Two Thousand and 00/100s Dollars ($52,000.00). 

  

	(V)	FIRST RIGHT OF REFUSAL: Not Applicable. 

  

	(W)	RENT WAIVER: Notwithstanding any provision of this Lease to the contrary, Landlord shall waive Tenant’s Fixed Minimum Rent for the first two months of the Rental Term.

  

	(X)	GUARANTOR(S): Intentionally omitted. 

  

	(Y)	GUARANTOR’S ADDRESS: Intentionally omitted. 

  

	(Z)	LANDLORD FURNITURE, FIXTURES, AND EQUIPMENT: Except for the reconfiguration required of Landlord pursuant to Section 1.01(S) and the Tenant Improvements to be
constructed by Landlord in accordance with Exhibit C, Tenant accepts the space in “as is” condition. Tenant shall have the right to use fixtures, and equipment in place within the Premises. Tenant shall have the right to use or replace the
furniture within the Premises. Tenant shall carefully use (excepting reasonable wear and tear) said furniture, fixtures, and equipment. Landlord shall not have any obligation to replace any worn-out furniture, fixtures, and equipment. Furniture and
equipment shall remain in Premises unless authorized in writing by Landlord. A general list of existing furniture, fixtures, and equipment is attached as Exhibit “G”. 

  

	(AA)	OPTION TO RENEW (Section 28.01): Provided Tenant is not, and has not been in default under any of the terms and conditions contained herein beyond any applicable periods of
cure, Tenant shall have one (1) additional consecutive five (5) year option to renew. The option shall only be exercised by the Tenant delivering notice thereof to the Landlord not less than one hundred eighty (180) days prior to the
expiration of the original term or first option term, as applicable. Minimum rent for the option periods shall be as follows: 

  

				
	 Option Period
	  	Monthly
	 Year 6
	  	$	60,759.48
	 Year 7
	  	$	62,582.27
	 Year 8
	  	$	64,459.74
	 Year 9
	  	$	66,393.53
	 Year 10
	  	$	68,385.33

  

	(BB)	LANDLORD’S CONTRIBUTION TO TENANT’S WORK (Exhibit “C-1”): Landlord shall contribute an amount not to exceed Forty Thousand and 00/100 Dollars ($40,000.00)
toward Tenant’s cost of network cabling improvements in the Leased Premises, to be paid within thirty (30) days after the completion of Tenant’s Work. Tenant shall submit to Landlord a written request for payment of Landlord’s
contribution as set forth herein, together with commercially reasonable evidence of the fact that it has completed all of Tenant’s work. Such evidence to be provided by Tenant shall include, but not be limited to, lien waivers from all
contractors and subcontractors who have performed Tenant’s Work together with additional lien waivers from any supplier which has provided materials utilized in Tenant’s Work with a total aggregate value of more than $1,000.00.

 

 

 SECTION 1.02 SIGNIFICANCE OF A BASIC LEASE PROVISION. The foregoing provisions of
Section 1.01 summarize for convenience only certain fundamental terms of the Lease delineated more fully in the Articles and Sections referenced therein. In the event of a conflict between the provisions of Section 1.01 and the balance of
the Lease, the latter shall control. 
 SECTION 1.03 ENUMERATION OF EXHIBITS. The exhibits enumerated in this Section and attached to
this Lease are incorporated in the Lease by this reference and are to be construed as a part of the Lease. 
  

					
	EXHIBIT “A”	  	-	  	SITE PLAN
	EXHIBIT “A-1	  	-	  	LEASE PLAN
	EXHIBIT “B”	  	-	  	LEGAL DESCRIPTION(S)
	EXHIBIT “C”	  	-	  	LANDLORD’S WORK
	EXHIBIT “C-1”	  	-	  	LANDLORD’S CONTRIBUTION TO TENANT WORK
	EXHIBIT “D”	  	-	  	TENANT’S WORK
	EXHIBIT “E”	  	-	  	SIGN CRITERIA
	EXHIBIT “F”	  	-	  	INITIAL RULES AND REGULATIONS
	EXHIBIT “G”	  	-	  	FURNITURE, FIXTURES, AND EQUIPMENT

 ARTICLE II. GRANT AND PREMISES 
 SECTION 2.01 PREMISES. In consideration for the rent to be paid and covenants to be performed by Tenant, Landlord hereby leases to Tenant, and
Tenant leases from Landlord for the Term and upon the terms and conditions herein set forth premises described in Section 1.01 (I) (hereinafter referred to as the “Premises” or “Leased Premises”), located in an office
building development referred to in Section 1.01(H) (hereinafter referred to as the “Building”). The legal description for the property on which the Building is located is attached hereto as Exhibit “B”. Gross rentable area
measurements herein specified are from the exterior of the perimeter walls of the building to the center of the interior walls. In addition, the percentage set forth in Section 1.01 (I) is the portion of the gross rentable area
attributable to Tenant’s proportionate share of common hallways, restrooms, etc. in the building. 
 The exterior walls and roof of the
Premises and the areas beneath said Premises are not demised hereunder and the use thereof together with the right to install, maintain, use, repair, and replace pipes, ducts, conduits, and wires leading through the Premises in locations which will
not materially interfere with Tenant’s use thereof and serving other parts of the building or buildings are hereby reserved to Landlord. Landlord reserves (a) such access rights through the Premises as may be reasonably necessary to enable
access by Landlord to the balance of the building and reserved areas and elements as set forth above; and (b) the right to install or maintain meters on the Premises to monitor use of utilities. In exercising such rights, Landlord will use
reasonable efforts so as to not commit waste upon the Premises and as far as practicable to minimize annoyance, interference or damage to Tenant when making modifications, additions or repairs. 
 Subject to the provisions of Article VIII and Section 27.11, Tenant and its customers, agents and invitees have the right to the non-exclusive use,
in common with others of such unreserved automobile parking spaces, driveways, footways, and other facilities designated for common use within the Building, except that with respect to non-exclusive areas, Tenant shall cause its employees to park
their cars only in areas specifically designated from time to time by Landlord for that purpose and shall be responsible for ensuring that its employees do not park in “visitor” or other restricted parking areas. Tenant shall be entitled
to the use of parking spaces in accordance with the provisions of Section 1.01 (R). 
 ARTICLE III. RENT 
 SECTION 3.01 BASE MONTHLY RENT. Tenant agrees to pay to Landlord the Base Monthly Rent set forth in Section 1.01 (L) at such place as
Landlord may designate, without prior demand therefor, without offset or deduction and in advance on or before the first day of each calendar month during the Rental Term, commencing on the Rental Commencement Date. In the event the Rental
Commencement Date occurs on a day other than the first day of a calendar month, then the Base Monthly Rent to be paid on the Rental Commencement Date shall include both the Base Monthly Rent for the first full calendar month occurring after the
Rental Commencement Date, plus the Base Monthly Rent for the initial fractional calendar month prorated on a per-diem basis (based upon a thirty (30) day month). 
 SECTION 3.02 ESCALATION. As set forth in Section 1.01 (M). 
 SECTION 3.03 TENANT’S SHARE
OF OPERATING EXPENSES. Tenant shall contract for and pay directly for those operating and utility expenses set forth in Section 1.01 (P). 
 

 
  

 3 

 SECTION 3.04 TAXES. 
 (a) Landlord shall pay all real property taxes and assessments (all of which are hereinafter collectively referred to as
“Taxes”) which are levied against or which apply with respect to the Premises. 
 (b) Tenant shall prior to
delinquency pay all taxes, assessments, charges, and fees which during the Rental Term hereof may be imposed, assessed, or levied by any governmental or public authority against or upon Tenant’s use of the Premises or any inventory, personal
property, fixtures or equipment kept or installed, or permitted to be located therein by Tenant. 
 SECTION 3.05 PAYMENTS. All
payments of Base Monthly Rent, additional rent and other payments to be made to Landlord shall be made on a timely basis and shall be payable to Landlord or as Landlord may otherwise designate. All such payments shall be mailed or delivered to
Landlord’s principal office set forth in Section 1.01 (C), or at such other place as Landlord may designate from time to time in writing. If mailed, all payments shall be mailed in sufficient time and with adequate postage thereon to be
received in Landlord’s account by no later than the due date for such payment. If Tenant shall fail to pay any Base Monthly Rent or any additional rent or any other amounts or charges within fifteen (15) days of when due, Tenant shall pay
interest from the due date of such past due amounts to the date of payment, both before and after judgment at a rate equal to the greater of twelve (12%) percent per annum or two (2%) percent over the “prime” or “base”
rate charged by Zions First National Bank of Utah or its successor, at the due date of such payment; provided however, that in any case the maximum amount or rate of interest to be charged shall not exceed the maximum non-usurious rate in accordance
with applicable law. 
 ARTICLE IV. RENTAL TERM, COMMENCEMENT DATE & PRELIMINARY TERM 
 SECTION 4.01 RENTAL TERM. The initial term of this Lease shall be for the period defined as the Rental Term in Section 1.01 (K), plus the
partial calendar month, if any, occurring after the Rental Commencement Date (as hereinafter defined) if the Rental Commencement Date occurs other than on the first day of a calendar month. “Lease Year” shall include twelve
(12) calendar months, except that first Lease Year will also include any partial calendar month beginning on the Rental Commencement Date. 
 SECTION 4.02 RENTAL COMMENCEMENT DATE. The Rental Term of this Lease and Tenant’s obligation to pay rent hereunder shall commence as set forth in Section 1.01 (K) (the “Rental Commencement Date”). Within five
(5) days after Landlord’s request to do so, Landlord and Tenant shall execute a written affidavit, in recordable form, expressing the Rental Commencement Date and the termination date, which affidavit shall be deemed to be part of this
Lease. 
 SECTION 4.03 PRELIMINARY TERM. The period between the date Tenant enters upon the Premises and the commencement of the
Rental Term will be designated as the “preliminary term” during which no Base Monthly Rent shall accrue; however, other covenants and obligations of Tenant shall be in full force and effect. Delivery of possession of the Premises to Tenant
as provided in Section 5.03 shall be considered “entry” by Tenant and commencement of “preliminary term”. 
 ARTICLE V. CONSTRUCTION OF PREMISES 
 SECTION 5.01 CONSTRUCTION BY LANDLORD. Landlord’s construction obligation
shall include Tenant Improvements pursuant to mutually agreed space layout plans and specifications as set forth in Section 1.01 (S) of the Lease and as set forth in Exhibit “C” hereto. After consultation with Tenant,
Landlord’s architect shall furnish space planning and related plans and specifications for the Leased Premises at no cost to tenant. It is understood and agreed by Tenant that no minor changes from any plans or specifications which may be
necessary during construction of the Premises shall affect or change this Lease or invalidate same. 
 SECTION 5.02 CHANGES AND ADDITIONS
BY LANDLORD. Landlord hereby reserves the right at any time, and from time to time, to make alterations or additions to, and to build additional stories on the Building in which the Premises are contained and to build adjoining the same and to
modify the existing parking or other common areas to accommodate additional buildings. Landlord also reserves the right to construct other buildings or improvements in the Building area from time to time, on condition that if the Building area is
expanded so as to include any additional buildings, Landlord agrees to create or maintain a parking ratio adequate to meet local laws and ordinances, including the right to add land to the Building or to erect parking structures thereon. Landlord
will use commercially reasonable efforts to perform or have performed all such alterations and construction in a manner that is minimally disruptive to Tenant. 
 

 

 SECTION 5.03 DELIVERY OF POSSESSION. Except as hereinafter provided, Landlord agrees to use good
faith efforts to deliver the Premises to Tenant in the condition called for in Exhibit “C” as soon as reasonably possible after execution of this Lease. The Premises shall be deemed as ready for delivery when Landlord shall have
substantially completed construction of the portion of the said Premises to be occupied exclusively by Tenant, in accordance with Landlord’s obligations set forth in Exhibit “C”. Landlord shall, from time to time during the course of
construction, provide information to Tenant concerning the progress of construction of said Premises, and will give written notice to Tenant when said Premises are in fact ready for Tenant’s occupancy. It is agreed that by occupying the
Premises as a tenant, Tenant acknowledges that the Premises are in the condition called for hereunder, except for items specifically excepted in writing at date of occupancy as “incomplete”. If Landlord shall be unable to give possession
of the Premises by no later than February 15, 2008 because the Landlord’s Work is not substantially completed or because the Premises are not completed and ready for occupancy, then for each day of such delay, Tenant’s Base Monthly
Rent will be reduced on a daily, pro-rata basis, provided however, that this provision does not apply if the only remaining items of Landlord’s Work are minor repairs that do not materially interfere with Tenant’s use of the Premises.
Notwithstanding the foregoing, the February 15, 2008 deadline for Landlord’s Delivery of Possession shall be extended by one (1) day for each day that the issuance of the required governmental permits is delayed beyond fourteen
(14) days following Landlord’s application therefor, and/or for each day in excess of one (1) business day that Landlord is delayed due to the City’s failure to conduct required inspections within one (1) business day of
Landlord’s calling therefor. Further, there shall be no reduction in Base Monthly Rent or other penalty in the event that Landlord’s delay in Delivery of Possession is caused by Tenant or Tenant’s contractor. 
 ARTICLE VI. TENANT’S WORK 
 SECTION 6.01 TENANT’S INITIAL IMPROVEMENTS. As set forth in Article V hereof, Landlord shall provide at no charge, Tenant’s initial Tenant Improvements as defined in Exhibit “C”. Landlord shall provide at no
charge, all space planning, architectural and mechanical drawings required to construct Tenant Improvements including construction drawings stamped by a licensed architect and submitted for approvals and permits. Tenant agrees to cooperate and
provide a representative to direct space planning efforts at such times as are requested by Landlord and shall give approvals or rejections of Tenant Improvement plans and specifications within five (5) days after submission by Landlord’s
architect. If Tenant fails to timely act as set forth in Article VI, then the time for delivery of possession shall be postponed appropriately. Landlord agrees to use diligence to complete the Landlord’s Work on or before the Rental
Commencement Date. 
 SECTION 6.02 TENANT’S WORK. After construction of Tenant’s Initial Improvements, Tenant shall provide
at Tenant’s sole cost and expense additional improvements to the Premises required by Tenant. If such improvements involve relocation of walls or alteration of structural elements or building HVAC, plumbing, electrical, or other building
systems and if not already included as tenant Improvements, Tenant shall provide adequate plans and specifications to Landlord and prior to commencing construction shall obtain Landlord’s written approval thereof, which approval shall not be
unreasonably withheld. Tenant work shall comply with specifications set forth in Exhibit “D”. 
 ARTICLE VII. USE 

SECTION 7.01 USE OF PREMISES. Tenant shall use and occupy the Premises solely for the purpose of conducting the business indicated in
Section 1.01 (F). Tenant shall promptly comply with all present or future laws, ordinances, lawful orders and regulations affecting the Premises and the cleanliness, safety, occupancy and use of same. Tenant shall not make any use of the
Premises which will cause cancellation or an increase in the cost of any insurance policy covering the same. Tenant shall not keep or use on the Premises any article, item, or thing which is prohibited by the standard form of fire insurance policy.
Tenant shall not commit any waste upon the Premises and shall not conduct or allow any business, activity, or thing on the Premises which is an annoyance or causes damage to Landlord, to other subtenants, occupants, or users of the improvements, or
to occupants of the vicinity. Tenant shall not be responsible for compliance with any laws, ordinances, lawful orders and regulations which require (i) structural repairs or modifications; (ii) repairs or modifications to the utility or
building service equipment located outside of and not exclusively serving the Premises; or (iii) installation of new building service equipment such as fire detection or suppression equipment, unless such repairs, modification or installations
are required due to Tenant’s Work alterations or repairs in the Leased Premises. Landlord represents that the Leased Premises comply with all laws and ordinances as of the Rental Commencement Date. 
 SECTION 7.02 HAZARDOUS SUBSTANCES. 
 (a) Landlord shall be responsible for removal of any Hazardous Substances that existed at the Project prior to construction or any that Landlord has or does install at the Premises or Building. After reasonable
inquiry, Landlord is not aware of any existing Hazardous Substances within the Project areas. 
 

 
  

 5 

 (b) Tenant shall not use, produce, store, release, dispose or handle in or about the
Leased Premises or transfer to or from the Leased Premises (or permit any other party to do such acts) any Hazardous Substance except in compliance with all applicable Environmental Laws. Tenant shall not construct or use any improvements, fixtures
or equipment or engage in any act on or about the Leased Premises that would require the procurement of any license or permit pursuant to any Environmental Law. Tenant shall immediately notify Landlord of (i) the existence of any Hazardous
Substance on or about the Leased Premises that may be in violation of any Environmental Law (regardless of whether Tenant is responsible for the existence of such Hazardous Substance), (ii) any proceeding or investigation by any governmental
authority regarding the presence of any Hazardous Substance on the Leased Premises or the migration thereof to or from any other property, (iii) all claims made or threatened by any third party against Tenant relating to any loss or injury
resulting from any Hazardous Substance, or (iv) Tenant’s notification of the National Response Center of any release of a reportable quantity of a Hazardous Substance in or about the Leased Premises. “Environmental Laws” shall
mean any federal, state or local statute, ordinance, rule, regulation or guideline pertaining to health, industrial hygiene, or the environment, including without limitation, the federal Comprehensive Environmental Response, Compensation, and
Liability Act; “Hazardous Substance” shall mean all substances, materials and wastes that are or become regulated, or classified as hazardous or toxic, under any Environmental Law. If it is determined that any Hazardous Substance exists on
the Leased Premises resulting from any act of Tenant or its employees, agents, contractors, licensees, subtenants or customers, then Tenant shall immediately take necessary action to cause the removal of said substance and shall remove such within
ten (10) days after discovery. Notwithstanding the above, if the Hazardous Substance is of a nature that can not be reasonably removed within ten (10) days Tenant shall not be in default if Tenant has commenced to cause such removal and
proceeds diligently thereafter to complete removal, except that in all cases, any Hazardous Substance must be removed within sixty (60) days after discovery thereof. Furthermore, notwithstanding the above, if in the good faith judgment of
Landlord, the existence of such Hazardous Substance creates an emergency or is of a nature which may result in immediate physical danger to persons at the Property, Landlord may enter upon the Leased Premises and remove such Hazardous Substances and
charge the cost thereof to Tenant as Additional Rent. 
 (c) The party herein responsible for removal of Hazardous Substances
shall upon learning of such condition proceed within five (5) days thereafter to commence removal of such Hazardous Substance and shall diligently continue to effect such removal until completion. Removal shall be accomplished in accordance
with any applicable safety standards. 
 ARTICLE VIII. OPERATION AND MAINTENANCE OF COMMON AREAS. 
 SECTION 8.01 CONSTRUCTION AND CONTROL OF COMMON AREAS. All automobile parking areas, driveways, entrances and exits thereto, and other facilities
furnished by Landlord in or near the buildings or Building, including if any, employee parking areas, truck ways, loading docks, mail rooms or mail pickup areas, pedestrian sidewalks and hallways, landscaped areas, retaining walls, stairways,
restrooms and other areas and improvements provided by Landlord for the general use in common tenants, their officers, agents, employees and customers, shall at all times be subject to the exclusive control and management of Landlord which shall
have the right from time to time to establish, modify and enforce reasonable Rules and Regulations with respect to all facilities and areas mentioned in this Section. The Rules and Regulations will be suitably applied to all Building tenants.
Landlord shall have the right to construct, maintain and operate lighting and drainage facilities on or in all said areas and improvements; to police the same, from time to time to change the area, level, location and arrangement of parking areas
and other facilities hereinabove referred to; to restrict parking by tenants, their officers, agents and employees to employee parking areas; to close temporarily all or any portion of said areas or facilities to such extent as may, in the opinion
of counsel, be legally sufficient to prevent a dedication thereof or the accrual of any rights to any person or the public therein; to assign “reserved” parking spaces for exclusive use of certain tenants or for customer parking, to
discourage non-employee and non-customer parking; and to do and perform such other acts in and to said areas and improvements as, in the exercise of good business judgment, the Landlord shall determine to be advisable with a view toward maintaining
of appropriate convenience uses, amenities, and for permitted uses by tenants, their officers, agents, employees and customers. Landlord will operate and maintain the common facilities referred to above in such a manner as it, in its sole
discretion, shall determine from time to time. Without limiting the scope of such discretion, Landlord shall have the full right and authority to employ all personnel and to make all Rules and Regulations pertaining to and necessary for the proper
operation, security and maintenance of the common areas and facilities. Building and/or project signs, traffic control signs and other signs determined by Landlord to be in best interest of the Building, will be considered part of common area and
common facilities. 
 SECTION 8.02 LICENSE. All common areas and facilities not within the Premises, which Tenant may be permitted to
use and occupy, are to be used and occupied under a revocable license, and if the 

  

 

 

 
amount of such areas be diminished, Landlord shall not be subject to any liabilities nor shall Tenant be entitled to any compensation or diminution or
abatement of rent, nor shall such diminution of such areas be deemed constructive or actual eviction, so long as such revocations or diminutions are deemed by Landlord to serve the best interests of the Building. 
 SECTION 8.03 AUDIT. Intentionally omitted. 
 ARTICLE IX. ALTERATIONS, SIGNS, LOCKS & KEYS 
 SECTION 9.01 ALTERATIONS. Except as otherwise provided
herein, including without limitation Tenant’s signage rights, Tenant shall not make or suffer to be made any alterations or additions to the Premises or any part thereof without the prior written consent of Landlord. Any additions to, or
alterations of the Premises except movable furniture, equipment and trade fixtures shall become a part of the realty and belong to Landlord upon the termination of Tenant’s lease or renewal term or other termination or surrender of the Premises
to Landlord. 
 SECTION 9.02 SIGNS. Subject to prior municipal or required public approvals and to full conformity with Exhibit
“E”, Tenant may place, at its own expense, suitable Tenant identification signs on the Premises and/or Building, provided that such sign shall be in the Landlord-approved building location, and that general design conforms to the design
and style of other tenant signs on the Buildings and provided that written approval of the sign design and proposed location is obtained in advance from Landlord. If any sign is installed or posted prior to obtaining such approval or which does not
conform to the conditions herein specified, Tenant shall be required to remove said sign and repair any damage caused thereby at its sole cost and expense. At the termination of this Lease, Tenant shall remove said sign. Tenant shall repair any
damage caused by the installation or removal of any Tenant signs. All work shall be completed in a good and workmanlike manner. 
 SECTION
9.03 LOCKS AND KEYS. Landlord has installed a card key system for access to the Building and covered parking area and shall issue appropriate card keys to Tenant and Tenant’s authorized employees. Landlord shall initially provide keys for
entry doors to the Premises. From time to time, Tenant may change locks or install other locks on doors, but if Tenant does, Tenant must provide Landlord with duplicate keys within twenty four hours after said change or installation. Tenant upon
termination of this Lease shall deliver to Landlord all the keys to the Building and Premises including any interior offices, toilet rooms, combinations to built-in safes, etc. which shall have been furnished to or by the Tenant or are in the
possession of the Tenant. 
 ARTICLE X. MAINTENANCE AND REPAIRS; ALTERATIONS; ACCESS 
 SECTION 10.01 LANDLORD’S OBLIGATION FOR MAINTENANCE. Landlord shall maintain and repair: (1) the areas outside the Premises including
hallways, public restrooms, if any, general landscaping, parking areas, driveways and walkways; (2) the Building roof, and foundation; and (3) all plumbing, electrical, heating, and air conditioning systems. However, if the need for such
repairs or maintenance results from any wrongful or negligent act or omission of Tenant, Tenant shall pay the entire cost of any such repair or maintenance including a reasonable charge to cover Landlord’s supervisory overhead. Landlord shall
not be obligated to repair any damage or defect until receipt of written notice from Tenant of the need of such repair and Landlord shall have a reasonable time after receipt of such notice in which to make such repairs. Tenant shall give immediate
notice to Landlord in case of fire or accidents in the Premises or in the building of which the Premises are a part or of defects therein or in any fixtures or equipment provided by Landlord. Costs of Landlord-provided maintenance for Item 2
herein shall be included as Operating Expenses. 
 SECTION 10.02 TENANT’S OBLIGATION FOR MAINTENANCE. 
 (a) Tenant shall provide its own janitorial service and keep and maintain the Premises including the interior wall surfaces and windows,
floors, floor coverings and ceilings in a clean, sanitary and safe condition in accordance with the laws of the State and in accordance with all directions, rules and regulations of the health officer, fire marshall, building inspector, or other
proper officials of the governmental agencies having jurisdiction, at the sole cost and expense of Tenant, and Tenant shall comply with all requirements of law, ordinance and otherwise, affecting said Premises. 
 (b) Tenant shall pay, when due, all claims for labor or material furnished, for work under Sections 9.01, 9.02 and 10.02 hereof, to or for
Tenant at or for use in the Premises, and shall bond such work if reasonably required by Landlord to prevent assertion of claims against Landlord. 
 

 
  

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 (c) Tenant agrees to be responsible for all furnishings, fixtures and equipment located
upon the Premises from time to time and shall replace carpeting within the Premises if same shall be damaged by tearing, burning, or stains resulting from spilling anything on said carpet, reasonable wear and tear excepted. Tenant further agrees to
use chairmats or floor protectors wherever it uses chairs with wheels or casters on carpeted areas. 
 SECTION 10.03 SURRENDER AND RIGHTS
UPON TERMINATION. 
 (a) This Lease and the tenancy hereby created shall cease and terminate at the end of the Rental Term
hereof, or any extension or renewal thereof, without the necessity of any notice form either Landlord or Tenant to terminate the same, and Tenant hereby waives notice to vacate the Premises and agrees that Landlord shall be entitled to the benefit
of all provisions of law respecting summary recovery of possession of Premises from a Tenant holding over to the same extent as if statutory notice has been given. 
 (b) Upon termination of this Lease at any time and for any reason whatsoever, Tenant shall surrender and deliver up the Premises to
Landlord in the same condition as when the Premises were delivered to Tenant or as altered as provided in Section 9.01, ordinary wear and tear excepted. Upon request of Landlord, Tenant shall promptly remove all personal property from the
Premises and repair any damage caused by such removal. Obligations under this Lease relating to events occurring or circumstances existing prior to the date of termination shall survive the expiration or other termination of the Rental Term of this
Lease. Liabilities accruing after date of termination are defined in Sections 13.05, 19.01 and 19.02. 
 ARTICLE XI. INSURANCE AND
INDEMNITY 
 SECTION 11.01 LIABILITY INSURANCE AND INDEMNITY. Tenant shall, during all terms hereof, keep in full force and effect
a policy of public bodily injury and property damage liability insurance with respect to the Premises, with a combined single limit of not less than Two Million Dollars ($2,000,000.00) per occurrence. The policy shall name Landlord, Property Manager
(i.e., Woodbury Corporation) and any other persons, firms or corporations designated by Landlord and Tenant as additional insureds, and shall contain a clause that the insurer will not cancel or reduce the insurance without first giving the Landlord
ten (10) days prior written notice. Such insurance shall include an endorsement permitting Landlord and Property Manager to recover damage suffered due to act or omission of Tenant, notwithstanding being named as an additional “Insured
party” in such policies. Such insurance may be furnished by Tenant under any blanket policy carried by it or under a separate policy therefor. All insurance required hereunder shall be written by reputable, responsible companies licensed in the
State of Utah. Upon request, a copy of the paid-up policy evidencing such insurance or a certificate of insurer certifying to the issuance of such policy shall be delivered to Landlord. If Tenant fails to provide such insurance, Landlord may do so
and charge same to Tenant. 
 Tenant will indemnify, defend and hold Landlord harmless from and against any and all claims, actions, damages,
liability and expense in connection with loss of life, personal injury and/or damage to property arising from or out of any occurrence in, upon or at the Premises or from the occupancy or use by Tenant of the Premises or any part thereof, or
occasioned wholly or in part by any act or omission of Tenant, its agents, contractors, employees, servants, sublessees, concessionaires or business invitees unless caused by the negligence of Landlord and to the extent not covered by its casualty
or liability insurance. In case Landlord shall, without fault of its part, be made a party to any litigation commenced by or against Tenant, then Tenant shall protect and hold Landlord harmless and shall pay all costs, expenses and reasonable
attorney fees incurred or paid by either in defending itself or enforcing the covenants and agreements of this Lease. 
 SECTION 11.02
FIRE AND CASUALTY INSURANCE. 
 (a) Landlord shall secure, pay for, and at all times during the terms hereof maintain
“All Risk” casually, insurance providing coverage upon the building improvements in an amount equal to the full insurable replacement value thereof (as determined by Landlord). Said insurance shall include twelve (12) months rental
income coverage as well as such additional endorsements as may be required by Landlord’s Lender or Landlord. All insurance required hereunder shall be written by reputable, responsible companies licensed in the State of Utah. Tenant shall have
the right, at its request at any reasonable time, to be furnished with copies of the insurance policies then in force pursuant to this Section, together with evidence that the premiums therefor have been paid. 
 (b) Tenant agrees to maintain at its own expense such fire and casualty insurance coverage as Tenant may desire or require in respect to
Tenant’s personal property, equipment, furniture, fixtures or inventory and Landlord shall have no obligation in respect to such insurance or 

  

 

 

 
losses. All property kept or stored on the Premises by Tenant or with Tenant’s permission shall be so done at Tenant’s sole risk and Tenant shall
indemnify Landlord against and hold it harmless from any claims arising out of loss or damage to same. 
 (c) Tenant will not
permit said Premises to be used for any purpose which would render the insurance thereon void or cause cancellation thereof or increase the insurance risk or increase the insurance premiums in effect just prior to the commencement of this Lease.
Landlord acknowledges that the Premises are suitable for the Permitted Use. If Tenant installs any electrical or other equipment which overloads the lines in the Premises, Tenant shall at its own expense make whatever reasonable changes are
necessary to comply with the requirements of Landlord’s insurance. 
 (d) Tenant shall be responsible for all glass
breakage from any cause whatsoever and agrees to immediately replace all glass broken or damaged during the terms hereof with glass of the same quality as that broken or damaged. Landlord may replace, at Tenant’s expense, any broken or damaged
glass if not replaced by Tenant within five (5) days after such damage. 
 SECTION 11.03 WAIVER OF SUBROGATION. Each party hereto
does hereby release and discharge the other party hereto and any officer, agent, employee or representative of such party, of and from any liability whatsoever hereafter arising from loss, damage or injury caused by fire or other casualty for which
insurance (permitting waiver of liability and containing a waiver of subrogation) is carried by the injured party at the time of such loss, damage or injury to the extent of any recovery by the injured party under such insurance. 
 ARTICLE XII UTILITY CHARGES 
 SECTION 12.01 OBLIGATION OF LANDLORD. Unless otherwise agreed in writing by the parties, during the term of this Lease the Landlord shall cause to be furnished to the Premises during “standard operating hours” which shall
be 7:00 a.m. to 7:00 p.m. on Monday through Friday and 8:00 a.m. to 1:00 p.m. on Saturday, excluding holidays, the following utilities and services, the cost and expense of which shall be included in Operating Expenses: 
 (a) Intentionally omitted. 
 (b) Telephone, gas, water and sewer, and electric connections only, but not including telephone stations and equipment (it being expressly understood and agreed that Tenant shall be responsible for the ordering and
installation of telephone lines and equipment which pertain to the Premises) and Tenant shall contract for and directly pay for all of the aforementioned utility services. 
 (c) Intentionally omitted. 
 (d) Snow removal and parking lot sweeping services. 
 (e) Elevator service. 
 (f) Building systems maintenance services. 
 SECTION 12.02 OBLIGATIONS OF TENANT. Tenant shall arrange for and shall pay the entire cost and expense of all telephone stations, equipment and use charges, electric utility charges, gas utility charges, heat
and air conditioner charges, electric light bulbs (but not fluorescent bulbs used in fixtures originally installed in the Premises) and all other materials and services not expressly required to be provided and paid for pursuant to the provisions of
Section 12.01 above. Tenant covenants to use good faith efforts to reasonably conserve utilities by turning off lights and equipment when not in use and taking such other reasonable actions in accordance with sound standards for energy
conservation. Additional limitations of Tenant are as follows: 
 (a) Tenant will not, without the written consent of
Landlord, which consent shall not be unreasonably withheld, use any apparatus or device on the Premises using current in excess of 208 volts which will in any way or to any extent increase the amount of electricity or water usually furnished or
supplied for use on the Premises for the use designated in Section 7.01 above, nor connect with electrical current, except through existing electrical outlets in the Premises, or water pipes, any apparatus or device, for the purposes of using
electric current or water. 
 (b) If and where heat generating machines devices are used in the Premises which affect the
temperature otherwise maintained by the air conditioning system, Landlord reserves the 
  
 

 
  

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right to install additional or supplementary air conditioning units for the Premises, and the entire cost of installing, operating, maintaining and repairing
the same shall be paid by Tenant to Landlord promptly after demand by Landlord. 
 To the extent that Tenant operates hours in
excess of the stated standard business hours, Tenant may cause Landlord to provide services set forth in Section 12.01 (a), (b), (c) and (e) above; however, Tenant shall pay extra hourly utility charges as set forth in
Section 1.01(S) and Section 12.03 herein. 
 SECTION 12.03. EXTRA HOURS CHARGES. Not Applicable. 
 SECTION 12.04. LIMITATIONS ON LANDLORDS LIABILITY. Landlord shall not be liable for and Tenant shall not be entitled to terminate this Lease or to
effectuate any abatement or reduction of rent by reason of Landlord’s failure to provide or furnish any of the foregoing utilities or services if such failure was reasonably beyond the control of Landlord, however, Landlord shall use best
efforts to resume such services in a timely manner. In no event shall Landlord be liable for loss or injury to persons or property, however, arising or occurring in connection with or attributable to any failure to furnish such utilities or services
even if within the control of Landlord. 
 ARTICLE XIII. OFF-SET STATEMENT, ATTORNMENT AND SUBORDINATION 
 SECTION 13.01 OFF-SET STATEMENT. Tenant agrees within ten (10) days after request therefor by Landlord to execute in recordable form and
deliver to Landlord a statement in writing, certifying 
 (a) that this Lease is in full force and effect, 
 (b) the date of commencement of the Rental Term of this Lease, 
 (c) that rent is paid currently without any off-set or defense thereto, 
 (d) the amount of rent, if any paid in advance, and 
 (e) that there are no uncured defaults by Landlord or stating those claimed by Tenant. 
 SECTION 13.02 ATTORNMENT. Tenant shall, in the event any proceedings are brought for the foreclosure of, or in the event of exercise of the power
of sale under any mortgage or deed of trust made by Landlord covering the Premises, attorn to the purchaser upon any such foreclosure or sale and recognize such purchaser as the Landlord under this Lease. 
 SECTION 13.03 SUBORDINATION. Tenant agrees that this Lease shall, at the request of Landlord, be subordinate to any first mortgages or deeds of
trust that may hereafter be placed upon said Premises and to any and all advances to be made thereunder, and to the interest thereon, and all renewals, replacements and extensions thereof, provided the mortgagees or trustees named in said mortgages
or deeds of trust shall agree to recognize the Lease of Tenant in the event of foreclosure, if Tenant is not in default. 
 SECTION 13.04
MORTGAGEE SUBORDINATION. Tenant hereby agrees that this Lease shall, if at any time requested by Landlord or any lender in respect to Landlord’s financing of the building or project in which the Premises are located or any portion hereof,
be made superior to any mortgage or deed of trust that may have preceded such Lease. 
 SECTION 13.05 REMEDIES. Intentionally omitted.

 ARTICLE XIV. ASSIGNMENT 
 SECTION 14.01 ASSIGNMENT. Tenant shall not assign this Lease or sublet the Premises, or any part thereof, without first obtaining the written consent of the Landlord, which consent shall not be unreasonably withheld. The consent of
Landlord shall not relieve Tenant or Guarantors of this Lease from continuing liability for all obligations under this Lease. Any Assignment by operation of law or if the Tenant be a corporation, unincorporated association or partnership, the
transfer, assignment or hypothecation of any stock or interest in such corporation, association or partnership in the aggregate in excess of 50% shall be deemed an “Assignment” within the meaning of this Section. Notwithstanding anything
contained herein to the contrary, Tenant may assign this Lease to a successor to Tenant by purchase, merger, consolidation or reorganization (an “Ownership Change”) or assign this Lease or sublet all or a portion of the Premises to an
Affiliate with the consent of Landlord, provided that all of the following conditions are satisfied (a “Permitted Transfer”): (a) Tenant is not in default of the Lease; (b) in the event of an Ownership Change, Tenant’s
successor shall own substantially all of the assets of Tenant and have a net worth which is at least equal to Tenant’s net worth as of the day prior to the proposed Ownership Change; (c) the Permitted Use does not allow the Premises to be
sued for retail purposes; and (d) Tenant shall give Landlord written notice at least 15 days prior to the effective date of the Permitted transfer unless Tenant is prohibited from doing so by applicable law (e.g., SEC regulations), in which
event Tenant shall give Landlord notice of such Permitted 

  

 

 

 
Transfer promptly after Tenant is no longer so prohibited by such applicable law. If requested by Landlord, Tenant’s successor shall sign a commercially
reasonable form of assumption agreement in the case of any transfer other than a sublease. 
 ARTICLE XV. WASTE OR NUISANCE 

SECTION 15.01 WASTE OR NUISANCE. Tenant shall not commit or suffer to be committed any waste upon the Premises, or any nuisance or other act or
thing which may disturb the quiet enjoyment of any other tenant in the building in which the Premises may be located, or elsewhere within the Building. 
 ARTICLE XVI. NOTICES 
 SECTION 16.01 NOTICES. Except as provided in Section 19.01, any
notice required or permitted hereunder to be given or transmitted between the parties shall be either 1) personally delivered, or 2) mailed postage prepaid by registered mall, return receipt requested, or mailed by express carrier addressed if to
Tenant at the address set forth in Section 1.01 (E), and if to Landlord at the address set forth in Section 1.01 (C). Either party may, by notice to the other given as prescribed in this Section 16.01, change its above address for any
future notices which are mailed under this Lease. 
 ARTICLE XVII. DESTRUCTION OF THE PREMISES 
 SECTION 17.01 DESTRUCTION. 
 (a) If the Premises are partially or totally destroyed by fire or other casualty insurable under standard fire insurance policies with extended coverage endorsement so as to become partially or totally untenantable, the same shall be
repaired or rebuilt as speedily as practical under the circumstances at the expense of the Landlord but in no event later than one hundred and eighty (180) days from the date of settlement of the insurance claim for such casualty, unless Landlord
elects not to repair or rebuild as provided in Subsection (b) of this Section 17.01. During the period required for restoration, a just and proportionate part of Base Rent, additional rent and other charges payable by Tenant hereunder
shall be abated until the Premises are repaired or rebuilt. 
 (b) If the Premises are (I) rendered totally untenantable
by reason of an occurrence described in Subsection (a), or (II) damaged or destroyed as a result of a risk which is not insured under Landlord’s fire insurance policies, or (III) at least twenty percent (20%) damaged or destroyed during
the last year of the Rental Term, or (IV) if the Building is damaged in whole or in part (whether or not the Premises are damaged), to such an extent that Tenant cannot practically use the Premises for its intended purpose, then and in any such
events Landlord may at its option terminate this Lease Agreement by notice in writing to the Tenant within sixty (60) days after the date of such occurrence. Unless Landlord gives such notice, this Lease Agreement will remain in full force and
effect and Landlord shall repair such damage at its expense as expeditiously as possible under the circumstances. 
 (c) If
Landlord should elect or be obligated pursuant to Subsection (a) above to repair or rebuild because of any damage or destruction, Landlord’s obligation shall be limited to the original Building any other work or improvements which may have
been originally performed or installed at Landlord’s expense. If the cost of performing Landlord’s obligation exceeds the actual proceeds of insurance paid or payable to Landlord on account of such casualty, Landlord may terminate this
Lease Agreement unless Tenant, within fifteen (15) days after demand therefor, deposits with Landlord a sum of money sufficient to pay the difference between the cost of repair and the proceeds of the insurance available for such purpose.
Tenant shall replace all work and improvements not originally installed or performed by Landlord at its expense. 
 (d) Except
as stated in this Article XVII, Landlord shall not be liable for any loss or damage sustained by Tenant by reason of casualties mentioned hereinabove or any other accidental casualty. 
 ARTICLE XVIII. CONDEMNATION 
 SECTION 18.01 CONDEMNATION. As used in this
Section the term “Condemnation Proceeding” means any action or proceeding in which any interest in the Premises or Building is taken for any public or 
  

 
  

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quasi-public purpose by any lawful authority through exercise of the power of eminent domain or right of condemnation or by purchase or otherwise in lieu
thereof. If the whole of the Premises is taken through Condemnation Proceedings, this Lease shall automatically terminate as of the date possession is taken by he condemning authority. If in excess of twenty-five (25%) percent of the Premises
is taken, either party hereto shall have the option to terminate this Lease by giving the other written notice of such election at any time within thirty (30) days after the date of taking. If less than twenty-five (25%) percent of the
space is taken and Landlord determines, in Landlord’s sole discretion, that a reasonable amount of reconstruction thereof will not result in the Premises or the Building becoming a practical improvement reasonably suitable for use for the
purpose for which it is designed, then Landlord may elect to terminate this Lease Agreement by giving thirty (30) days written notice as provided hereinabove. In all other cases, or if neither party exercises its option to terminate, this Lease
shall remain in effect and the rent payable hereunder from and after the date of taking shall be proportionately reduced in proportion to the ratio of: (1) the area contained in the Premises which is capable of occupancy after the taking; to
(II) the total area contained in the Premises which was capable of occupancy prior to the taking. In the event of any termination or rental reduction provided for in this Section, there shall be a proration of the rent payable under this Lease and
Landlord shall refund any excess theretofore paid by Tenant. Whether or not this Lease is terminated as a consequence of Condemnation Proceedings, all damages or compensation awarded for a partial or total taking, including any sums compensating
Tenant for diminution in the value of or deprivation of its leasehold estate, shall be the sole and exclusive property of Landlord, except that Tenant will be entitled to any awards intended to compensate Tenant for expenses of locating and moving
Tenant’s operations to a new space. 
 ARTICLE XIX. DEFAULT OF TENANT 
 SECTION 19.01 DEFAULT - RIGHT TO RE-ENTER. In the event of any failure of Tenant to pay any rental due hereunder within ten (10) days after
written notice that the same is past due shall have been mailed to Tenant, or any failure by Tenant to perform any other of the terms, conditions or covenants required of Tenant by this Lease within thirty (30) days after written notice of such
default shall have been mailed to Tenant, provided, however, if Tenant’s failure to comply cannot be cured within thirty (30) days, Tenant shall be allowed additional time (not to exceed ninety (90) days) as is reasonably necessary to
cure the failure so long as Tenant begins the cure within thirty (30) days and diligently pursues the cure to completion, or if Tenant shall abandon said Premises, or permit this Lease to be taken under any writ of execution, then Landlord,
besides other rights or remedies it may have, shall have the right to declare this Lease terminated and shall have the immediate right of re-entry and may remove all persons and property from the Premises. Such property may be removed and stored in
a public warehouse or elsewhere at the cost of and for the account of Tenant, without evidence of notice or resort to legal process and without being deemed guilty of trespass, or becoming liable for any loss or damage which may be occasioned
thereby. Tenant hereby waives all compensation for the forfeiture of the term or its loss of possession of the Premises in the event of the forfeiture of this Lease as provided for above. Any notice that Landlord may desire or is required to give
Tenant with reference to the foregoing provision may, in lieu of mailing, at the option of Landlord, be conspicuously posted for ten (10) consecutive days at the main entrance to or in front of the Premises, and such notice shall constitute a
good, sufficient, and lawful notice for the purpose of declaring a forfeiture of this Lease and for terminating all of the rights of the Tenant hereunder. 
 SECTION 19.02 DEFAULT - RIGHT TO RE-LET. Should Landlord elect to re-enter, as herein provided, or should it take possession pursuant to legal proceedings or pursuant to any notice provided for by law, it may
either terminate this Lease or it may from time to time, without terminating this Lease, make such alterations and repairs as may be necessary in order to relet the Premises, and may relet said Premises or any part thereof for such term or terms
(which may be for a term extending beyond the term of this Lease) and at such rental or rentals and upon such other terms and conditions as Landlord in its sole discretion may deem advisable. Upon each such reletting, all rentals received by
Landlord from such reletting shall be applied first to the payment of any costs and expenses of such reletting, including brokerage fees and attorney’s fees and costs of such alterations and repairs; second, to the payment of rent or other
unpaid obligations due hereunder; and the residue, if any, shall be held by Landlord and applied in payment of future rent as the same may become due and payable hereunder. If such rental received from such reletting during any month be less than
that to be paid during that month by Tenant hereunder, Tenant shall pay any such deficiency to Landlord. Such deficiency shall be calculated and paid monthly. No such re-entry or taking possession of said Premises by Landlord shall be construed as
an election on its part to terminate this Lease unless a written notice of such intention be given to Tenant or unless the termination thereof be decreed by a court or competent jurisdiction. Notwithstanding any such reletting without termination,
Landlord may at any time elect to terminate this Lease for such previous default. Should Landlord at any time terminate this Lease for any default, in addition to any other remedies it may have, it may recover from Tenant all damages it may incur by
reason of such default, including the cost of recovering the Premises, reasonable attorney’s fees, and including the worth at the time of such termination of the excess, if any, of the amount of rent and charges equivalent to rent reserved in
this Lease for the remainder of the stated term over the then reasonable rental value of the Premises for the remainder of the stated term, all of which amounts shall be immediately due and payable. 
 

 

 SECTION 19.03 LEGAL EXPENSES. In case of default by either party in the performance and
obligations under this Lease, the defaulting party shall pay all costs incurred in enforcing this Lease, or any right arising out of such default, whether by suit or otherwise, including a reasonable attorney’s fee. 
 ARTICLE XX. BANKRUPTCY, INSOLVENCY OR RECEIVERSHIP 
 SECTION 20.01 ACT OF INSOLVENCY, GUARDIANSHIP, ETC. The following shall constitute a default of this Lease by the Tenant for which Landlord, at Landlord’s option, may immediately terminate this Lease.

 (a) The appointment of a receiver to take possession of all or substantially all of the assets of the Tenant. 

(b) A general assignment by the Tenant of his assets for the benefit of creditors. 
 (c) Any action taken or suffered by or against the Tenant under any federal or state insolvency or bankruptcy act and same is not
dismissed within sixty (60) days. 
 (d) The appointment of a guardian, conservator, trustee, or other similar officer to
take charge of all or any substantial part of the Tenant’s property and such receivership is not dismissed within sixty (60) days after the filing. 
 Neither this Lease, nor any interest therein nor any estate thereby created shall pass to any trustee, guardian, receiver or assignee for the benefit of creditors or otherwise by operation of law. 
 ARTICLE XXI. LANDLORD ACCESS 
 SECTION 21.01 LANDLORD ACCESS. Landlord or Landlord’s agent shall have the right to enter the Premises at all reasonable times to examine the same, or to show them to prospective purchasers or lessees of the Building, or to make
all repairs, alterations, improvements or additions as Landlord may deem necessary or desirable, and Landlord shall be allowed to take all material into and upon said Premises that may be required therefor without the same constituting an eviction
of Tenant in whole or in part, and rent shall not abate while said repairs, alterations, improvements, or additions are being made, by reason of loss or interruption of business of Tenant, or otherwise. During the ninety days prior to the expiration
of the Rental Term of this Lease or any renewal term, Landlord may exhibit the Premises to prospective tenants and place upon the Premises the usual notices “To Let” or “For Rent” which notices Tenant shall permit to remain
thereon with molestation. 
 ARTICLE XXII. LANDLORD’S LIEN 
 SECTION 22.01 LANDLORD’S LIEN. Tenant hereby grants to Landlord a lien upon the improvements, trade fixtures and furnishings of Tenant to
secure full and faithful performance of all of the terms of this Lease. 
 ARTICLE XXIII. HOLDING OVER 
 SECTION 23.01 HOLDING OVER. Any holding over after the expiration of the Rental Term hereof shall be construed to be a tenancy at sufferance and
all provisions of this Lease Agreement shall be and remain in effect except that the monthly rental shall be double the amount of rent (including any adjustments as provided herein) payable for the last full calendar month of the Rental Term
including renewals or extensions. 
 SECTION 23.02 SUCCESSORS. All rights and liabilities herein given to, or imposed upon, the
respective parties hereto shall extend to and bind the several respective heirs, executors, administrators, successors and assigns of the said parties; and if there shall be more than one tenant, they shall all be bound jointly and severally by the
terms, covenants and agreements herein. No rights, however, shall inure to the benefit of any assignee of Tenant unless the assignment to such assignee has been approved by Landlord in writing or as otherwise provided herein. 
 

 
  

 13 

 ARTICLE XXIV. RULES AND REGULATIONS 
 SECTION 24.01 RULES AND REGULATIONS. Tenant shall comply with all reasonable rules and regulations which are now or which may be hereafter
prescribed by the Landlord and posted in or about said Premises or otherwise brought to the notice of the Tenant, both with regard to the project as a whole and to the Premises including common facilities. 
 ARTICLE XXV. QUIET ENJOYMENT 
 SECTION 25.01 QUIET ENJOYMENT. Upon payment by the Tenant of the rents herein provided, and upon the observance and performance of all the covenants, terms and conditions on Tenant’s part to be observed and performed, Tenant
shall peaceably and quietly hold and enjoy the Premises for the term hereby demised without hindrance or interruption by Landlord or any other person or persons lawfully or equitably claiming by, through or under the Landlord, subject, nevertheless,
to the terms and conditions of this Lease and actions resulting from future eminent domain proceedings and casualty losses. 
 ARTICLE
XXVI. SECURITY DEPOSIT 
 SECTION 26.01 SECURITY DEPOSIT. The Landlord herewith acknowledges receipt of the amount set forth in
Section 1.01 (U) which it is to retain as security for the faithful performance of all the covenants, conditions and agreements of this Lease, but in no event shall the Landlord be obliged to apply the same upon rents or other charges in
arrears or upon damages for the Tenant’s failure to perform the said covenants, conditions and agreements; the Landlord may so apply the Security Deposit, at its option; and the Landlord’s right to the possession of the Leased Premises for
non-payment of rents or for other reasons shall not in any event be affected by reason of the fact that the Landlord holds this Security Deposit. The said sum, if not applied toward the payment of rents in arrears or toward the payment of damages
suffered by the Landlord by reason of the Tenant’s breach of the covenants, conditions and agreements of this Lease, is to be returned to Tenant without interest when this Lease is terminated, according to these terms, and in no event is the
said Security Deposit to be returned until Tenant has vacated the Leased Premises and delivered possession to the Landlord. 
 In the event
that the Landlord repossesses Leased Premises because of the Tenant’s default or because of the Tenant’s failure to carry out the covenants, conditions and agreements of this Lease, Landlord may apply the said Security Deposit toward
damages as may be suffered or shall accrue thereafter by reason of the Tenant’s default or breach. In the event of bankruptcy or other debtor-creditor proceedings against Tenant as specified in Article XX, the Security Deposit shall be deemed
to be applied first to the payment of Rents and other charges due Landlord for the earliest possible periods prior to the filing of such proceedings. The Landlord shall not be obliged to keep the said Security Deposit as a separate fund, but may mix
the same with its own funds. 
 ARTICLE XXVII. MISCELLANEOUS PROVISIONS 
 SECTION 27.01 WAIVER. No failure by either party hereto to enforce any covenant or provision of this Lease shall discharge or invalidate such
covenant or provision or affect the right of such party to enforce the same in the event of any subsequent breach. One or more waivers of any covenant or condition by a party shall not be construed as a waiver of a subsequent breach of the same
covenant or condition and the consent to or approval of any subsequent similar act by that party. No breach of a covenant or condition of this Lease shall be deemed to have been waived by a party, unless such waiver be in writing signed by that
party. 
 SECTION 27.02 ENTIRE AGREEMENT. This Lease constitutes the entire Agreement and understanding between the parties hereto and
supersedes all prior discussions, understandings and agreements. This Lease may not be altered or amended except by a subsequent written agreement executed by all parties. 
 SECTION 27.03 FORCE MAJEURE. Any failure to perform or delay in performance by either party of any obligation under this Lease, other than
Tenant’s obligation to pay rent, shall be excused if such failure or delay is caused by any strike, lockout, governmental restriction or any similar cause beyond the control of the party so falling to perform, to the extent and for the period
that such continues. 
 SECTION 27.04 LOSS AND DAMAGE. The Landlord shall not be responsible or liable to the Tenant for any loss or
damage that may be occasioned by or through the acts or omissions of persons occupying all or any part of the premises adjacent to or connected with the Premises or any part of the building of which the Premises are a part, or for any loss or damage
resulting to the Tenant or his property from bursting, stoppage or leaking of water, gas sewer or steam pipes or for any damage or loss of property within the Premises from any cause whatsoever, except to the extent caused by the gross negligence or
willful misconduct of the Landlord. 
 

 

 SECTION 27.05 ACCORD AND SATISFACTION. No payment by Tenant or receipt by Landlord of a lesser
amount than the amount owing hereunder shall be deemed to be other than on account of the earliest stipulated amount receivable from Tenant, nor shall any endorsement or statement on any check or any letter accompanying any check or payment as rent
be deemed an accord and satisfaction, and Landlord may accept such check or payment without prejudice to Landlord’s right to recover the balance of such rent or receivable or pursue any other remedy available under this Lease or the law of the
state where the Premises are located. 
 SECTION 27.06 NO OPTION. The submission of this Lease for examination does not constitute a
reservation of or option for the Premises and this Lease becomes effective as a lease only upon full execution and delivery thereof by Landlord and Tenant. 
 SECTION 27.07 ANTI-DISCRIMINATION. Tenant herein covenants by and for itself, its heirs, executors, administrators and assigns and all persons claiming under or through it, and this Lease is made and accepted
upon and subject to the following conditions: That there shall be no discrimination against or segregation of any person or group of persons on account of race, sex, marital status, color, creed, national origin or ancestry, in the leasing,
subleasing, assigning, use, occupancy, tenure or enjoyment of the Premises, nor shall the Tenant itself, or any person claiming under or through it, establish or permit any such practice or practices of discrimination or segregation with reference
to the selection, location, number, use or occupancy of tenants, lessees, sublessees, or subtenants in the Premises. 
 SECTION 27.08
SEVERABILITY. If any term, covenant or condition of this Lease or the application thereof to any person or circumstance shall be invalid or unenforceable to any extent, the remainder of this Lease, or the application of such term, covenant or
condition to persons or circumstances other than those as to which it is held invalid or unenforceable, shall not be affected thereby and each term, covenant or condition of this Lease shall be valid and be enforced to the fullest extent permitted
by law. 
 SECTION 27.09 OTHER MISCELLANEOUS PROVISIONS. This instrument shall not be recorded without the prior written consent of
Landlord; however, upon the request of either party hereto, the other party shall join in the execution of a memorandum or “short form” lease for recording purposes which memorandum shall describe the parties, the Premises, the Rental Term
and shall incorporate this Lease by reference, and may include other special provisions. The captions which precede the Sections of this Lease are for convenience only and shall in no way affect the manner in which any provisions hereof is
construed. In the event there is more than one Tenant hereunder, the liability of each shall be joint and several. This instrument shall be governed by and construed in accordance with the laws of the State wherein the Premises are located. Words of
any gender used in this Lease shall be held to include any other gender, and words in the singular number shall be held to include the plural when the sense requires. Time is of the essence of this Lease and every term, covenant and condition herein
contained. 
 SECTION 27.10 REPRESENTATION REGARDING AUTHORITY. The persons who have executed this Agreement represent and warrant
that they are duly authorized to execute this Agreement in their individual or representative capacity as indicated. 
 SECTION 27.11
DISCLOSURE OF PARTIES. Landlord is a partnership, one or more partners of which is a licensed real estate broker or agent. 
 SECTION
27.12 TENANT CERTIFICATION. For purposes of compliance with Executive Order 13224 and related regulations, Landlord and Tenant hereby states, represents and warrants to each other that: 
 (a) Certification. Landlord and Tenant certify that: 
 (i) They are not acting, directly or indirectly, for or on behalf of any person, group, entity, or nation named by any Executive Order or the United States Treasury Department as a terrorist, “Specially Designated National and Blocked
Person,” or other banned or blocked person, entity, nation, or transaction pursuant to any law, order, rule, or regulation that is enforced or administered by the Office of Foreign Assets Control; and 
 (ii) They have not executed this Lease, directly or indirectly on behalf of, or instigating or facilitating this Lease, directly or indirectly on behalf
of, any such person, group, entity, or nation. 
 (b) Indemnification. Tenant and Landlord hereby agrees to defend, indemnify, and hold harmless the
other party from and against any and all claims, damages, losses, risks, liabilities, and expenses (including attorney’s fees and costs) arising from or related to any breach of the foregoing certification. 
 

 
  

 15 

 XXVIII. ADDITIONAL PROVISIONS 
 SECTION 28.01. OPTION TO RENEW. Provided Tenant is not, and has not been in default under any of the terms and conditions contained herein, Tenant
shall have one (1) additional consecutive five (5) year option to renew. The option shall only be exercised by the Tenant delivering notice thereof to the Landlord not less than one hundred eighty (180) days prior to the expiration of
the original term or first option term, as applicable. Minimum rent for the option periods shall be as follows: 
  

				
	 Option Period
	  	Monthly
	 Year 6
	  	$	60,759.48
	 Year 7
	  	$	62,582.27
	 Year 8
	  	$	64,459.74
	 Year 9
	  	$	66,393.53
	 Year 10
	  	$	68,385.33

 

 

 IN WITNESS WHEREOF, Landlord and Tenant have executed and delivered this Lease as of the day and
year first above written. 
 SIGNATURES: 
  

			
	LANDLORD:
	
	 PRACVEST, a Utah limited liability company

		
	 By:
	 	 /s/ W. Richards Woodbury

		 	W. Richards Woodbury, Manager
		
	 By:
	 	 /s/ Orin R. Woodbury

		 	Orin R. Woodbury, Manager

  

									
	 	 	  	 	 	 	TENANT
				
	 	 	

	 	 	 	CYBERSOURCE CORPORATION, a Delaware
corporation
		 	 		 	By:	  	 /s/ Steven Pellizzer

		 	 		 		  	Steven Pellizzer, Senior Vice President, Finance & Chief Financial Officer

 LANDLORD ACKNOWLEDGMENT 
  

					
	STATE OF UTAH	 	)	  	 
		 	:	  	ss.
	 COUNTY OF SALT LAKE
	 	)	  	

 On this 18th day of December, 2007 before me personally appeared W. RICHARDS WOODBURY and ORIN R.
WOODBURY to me personally known who, being by me duly sworn, did each for himself say that he is Attorney-In-Fact for that certain partnership known as PRACVEST, and that the within instrument was executed by them, for and on/behalf of said
partnership. 
  

					
		 	

	  	 /s/ Delanie Kay Tucker
 Notary Public

	 	  

 TENANT ACKNOWLEDGMENT 
 (Corporate) 
  

							
	STATE OF CALIFORNIA	 		 		 	 )

		 	:	 	ss	 	
	COUNTY OF SANTA CLARA	 	)	 		 	

 On this 14th day of December, 2007, before me personally appeared STEVEN PELLIZER. known to
me to be the CHIEF FINANCIAL OFFICER of CYBERSOURCE CORPORATION, the corporation that executed the within instrument, known to me to be the person who executed the within instrument on behalf of the corporate therein named, and
acknowledged to me that such corporation executed the within instrument pursuant to its bylaws or a resolution of its board of directors. 
  

					
		 	

	  	 /s/ Gam N. Chan
 Notary
Public

 

 

 EXHIBIT “A” 
 SITE PLAN 
 

 
  

 

 

 

 

 EXHIBIT B 
 Lots 19 and 20 of Plat “G”, Utah Valley Business Park Subdivision as recorded in the office records of Utah County Recorder. 
 

 
  

 1 

 EXHIBIT “C” 
 LANDLORD’S WORK 
 Except for initial Tenant Improvements as set forth hereto, in Section 1.01(S) and
shown on Exhibits “A-1”, Tenant accepts the Leased Premises in an “as is” condition. Unless otherwise stated, all references to Exhibit “C” and/or Landlord’s Work contained in this lease shall be deemed to mean the
condition of the Leased Premises on the date this Lease was executed. 
 In addition to the Tenant Improvement set forth in Section 1.01(S) and
shown on Exhibits “A-1”, the following are considered Tenant Improvements to be completed by Landlord prior to the Term Commencement Date: 
 FLOOR ONE: 
  

	1.	Remove all existing walls in preparation for new floor plan. 

  

	2.	Remove all existing carpet, tile in existing break area, rubber flooring and mirrors from previous tenant to accommodate new floor plan. 

  

	3.	Provide and install new office walls, doors and sidelights, and door hardware around perimeter to accommodate attached floor plan. 

  

	4.	Repaint entire floor one field color to be selected by tenant. Painting includes doors and trim. 

  

	5.	Provide and install new tenant improvement grade direct glue carpet, minimum 26 oz. Level loop, to entire first floor except in the following areas where carpet is to remain:
Reception, large conference room, toilet rooms and executive office space as shown on floor plan, break room, storage and janitorial rooms. 

  

	6.	Modify and relocate existing light fixtures and HVAC duct locations in existing suspended ceiling as needed to accommodate new floor plan. 

  

	7.	Provide additional recessed 6” light fixtures in central men’s and women’s restroom. Remove existing low voltage light fixtures. 

  

	8.	Provide and install 2 x 4 building standard light fixtures to meet minimum required by code including any ballasts and emergency lighting. 

	9.	Replace missing or damaged window blinds around perimeter of building. 

  

	10.	Change out the etched window on the NW side of the first floor. 

  

	11.	Frost the glass doors right off the reception area. 

  

	12.	Replace missing baseboards throughout the office. 

  

	13.	Both sets of doors on the West side are in disrepair (missing handles, lock-pin does not work, etc.). These need to be fixed before occupancy. 

  

	14.	Add electrical access panels to the floors of rooms designated to be conference rooms (round tube designed by Tenant). 

  

	15.	Take down wallpaper in front board room (right off the reception area) and re-paint. 

  

	16.	Remove former Tenant’s tile signage from behind reception desk in lobby in a manner reasonably acceptable to Tenant. 

  

	17.	Repair cabinet doors behind receptionist desk. 

  

	18.	Remove any cubicles that Tenant requests be removed.  

 Floor
Two: 
  

	1.	Remove existing walls in preparation for new floor plan. 

  

	2.	Patch and point up existing walls where touch up is needed and paint any accent walls to match existing field color. Painting includes doors and trim. 

 

 

	3.	Remove existing carpet only in areas affected by demolition, and at stairways. 

  

	4.	Provide new carpet to match or accent existing flooring where walls were demolished to provide a uniform appearance. Provide new carpet at stairways. 

  

	5.	Provide and install new office walls, doors and sidelights, and door hardware around perimeter to accommodate attached floor plan. 

  

	6.	Modify and relocate existing light fixtures and HVAC duct locations in existing suspended ceiling as needed to accommodate new floor plan. 

  

	7.	Provide and install 2 x 4 building standard light fixtures to meet minimum required by code including any ballasts and emergency lighting. 

  

	8.	Replace missing or damaged window blinds around perimeter of building. 

  

	9.	Extend the walls of the second floor server room to the ceiling: 

  

	10.	Repair and secure any and all doors that do not properly lock. 

  

	11.	Remove any cubicles that Tenant requests be removed. 

 It shall be the
responsibility of Tenant to coordinate removal of existing systems furnishing prior to carpet tear out that are to be reused after remodel. 
 

 

 EXHIBIT “C-1” 
 LANDLORD’S CONTRIBUTION TO TENANT WORK 
 Tenant shall provide Landlord,
prior to the commencement of construction, a complete and detailed set of plans and specifications drawn by a qualified person setting forth and describing Tenant’s construction plans for installation of Tenant’s computer network cabling
within the Leased Premises (“Tenant’s Work”). Tenant shall provide Landlord with lien waivers from each of the contractors, subcontractors, and suppliers which have provided materials, labor, and/or services during the construction of
Tenant’s Work. 
 Tenant shall provide Landlord with a narrative summary detailing the status of Tenant’s progress with respect to
the completion of Tenant’s Work. Such summary shall include detail respecting the name of each contractor or subcontractor which has worked on the improvements, a description of progress made by such contractor or subcontractor, as well as the
detail respecting any payments made to said contractors or subcontractors, together with copies of all lien waivers (full or partial) which have been obtained from said contractor or subcontractors in exchange for such payment. Additionally, the
report shall contain itemized detail of all materials delivered to and/or installed in the Premises, together with information regarding payments made to the suppliers of such materials, as well as copies of all lien waivers obtained from said
suppliers in exchange for such payments. Landlord shall have the right to require from Tenant any additional information it deems necessary respecting the status of said construction that Landlord may deem necessary in its commercially reasonable
discretion. 
 

 

 EXHIBIT “D” 
 TENANT’S WORK 
  

	A.	GENERAL REQUIREMENTS 

 It is contemplated that
little, if any, work shall be done by Tenant at Tenant’s sole cost and expense and, where applicable, in accordance with the Design Criteria set forth herein. Tenant’s work shall be done in accordance with the requirements set forth in
this Exhibit “D” and shall include all of the items set forth in B of this Exhibit “D”. Any work performed by Tenant which is not set forth herein may be undertaken at Tenant’s sole expense subject to Landlord’s
approval. 
  

	 	1.	The design, type of construction and type of material and each of Tenant’s proposed contractors must be approved by Landlord or Landlord’s Architect prior to
commencement of Tenant’s Work. 

  

	 	2.	Construction shall comply with applicable statutes, ordinances, regulations, laws and codes, including without limiting the foregoing, Building Code, Utah Fire Rating Bureau
Standards, the National Electric Code, American Gas Association, American Society of Heating, Refrigerating and Air Conditioning Engineers, and applicable City, County and State Building, Plumbing, Fire, Health, Pollution, Electrical, Safety and
other codes. 

  

	 	3.	All required permits for Tenant’s Work shall be obtained and paid for by Tenant and/or Tenant’s Contractor. Any work performed by Tenant shall be undertaken at
Tenant’s sole expense and subject to Landlord’s approval. 

  

	 	4.	Quality of workmanship and materials shall be first class, acceptable to Landlord’s Architect and in keeping with the project. 

  

	 	5.	On completion, all facilities shall be in full use without defects. 

  

	 	6.	No approval by Landlord shall be deemed valid unless same shall be in writing signed by Landlord or Landlord’s Architect. 

  

	 	7.	Performance and/or labor and material bonds shall be obtained from contractors when required by Landlord. 

  

	 	8.	Contractors shall be required to show evidence of possessing good labor relations, compatible with other labor on the Center, and Tenant and its contractors shall avoid labor
practices or disputes which will interfere with other work on the Center. 

  

	 	9.	Contractors shall be required to work in harmony with other contractors on the project. Tenant’s Contractors shall coordinate their work with the general project work.

  

	 	10.	Landlord shall have the right to order any Tenant or Tenant’s Contractor, who willfully violates the above requirements, to cease work, and to remove himself, his work, his
equipment, and his employees from the Landlord’s property. 

  

	 	11.	Tenant’s Contractor shall carry such types of insurance in such amounts as shall be designated by Landlord and all policies shall name the Landlord as an additional insured.
Evidence of insurance shall be submitted to the Landlord prior to commencement of Tenant work. 

  

	 	12.	Tenant shall sign up for all utilities with the appropriate utility company and shall be responsible for all utility bills from the commencement of the preliminary term of this
Lease. 

  

	 	13.	Landlord shall have the right to perform by its own contractor or subcontractors, on behalf of and for the account of the Tenant, any of Tenant’s work which Landlord determines
should be so performed. Generally, such work shall be that which affects structural components, or the general utility systems for the Development which are affected by the leased space. If Landlord so determines, Landlord shall notify Tenant prior
to commencement of said work and Tenant shall reimburse Landlord for all costs of planning and performing such work. 

  

	 	14.	Exterior Signs: All signs by Tenant subject to prior approval of Landlord and must be consistent with Exhibit “E”. 

  

	 	15.	Building Construction: Such partitions, structures, counters, shelves, etc. shall comply with code and be subject to prior written approval of Landlord. 

 

 

	 	16.	Building Materials: Tenant will not use any building materials, products, adhesives, or equipment containing asbestos, PCB’s, or other similar, harmful, or toxic
substances which are controlled by the EPA, Federal, State, County, City, or other municipal agencies. If Landlord discovers any such materials after the installation of any Tenant improvements, Tenant shall immediately, upon notice, remove, dispose
of, and replace the materials in accordance with all governing municipal requirements. This obligation for the removal of harmful building materials installed by the Tenant shall survive the expiration of this Lease. 

  

	B.	TENANT’S WORK WITHIN TENANT’S LEASED PREMISES 

  

	 	1.	Tenant shall provide complete design drawings, working drawings and specifications setting forth in detail Tenant’s construction requirements for its leased premises.
All such drawings and specifications must be approved by Landlord, in writing, prior to commencement of any Tenant construction. 

  

	 	a.	Tenant shall submit to Landlord three copies of all drawings and specifications together with a CD or e-mail version in AutoCad format of the floor plan and reflected ceiling plan.
Documents may be e-mailed to I woodbury@woodburycorp.com. Tenant’s complete drawings may be submitted electronically at tenant’s option, at which case, the three hard copies are not necessary. 

  

	 	b.	As soon as possible, after the receipt of Tenant’s drawings and specifications, Landlord shall return to Tenant one set of drawings with his modifications and/or approval.
Unless Tenant takes exception to Landlord’s Modifications, in writing, within seven (7) days from date of receipt thereof, it will be deemed that all suggested modification to store drawings and specifications made by Landlord are
acceptable to and approved by Tenant. 

  

	 	c.	If drawings are returned to Tenant with comments, but not bearing approval of Landlord, said drawings shall be immediately revised by Tenant and resubmitted to Landlord within seven
(7) days of their receipt by Tenant. 

  

	 	d.	No changes, modifications, or alterations in approved drawings shall be made without the written consent of the Landlord. 

  

	 	e.	Tenant finishes shall possess a pleasing and attractive appearance, complying with the overall character of the development. 

  

	 	 2.
	 Tenant shall provide any modifications to storefront and any show windows, including floors, backs and ceilings,
where applicable. Any glass in storefront shall be  1/4 inch clear glass. Glass shall be tempered where required
by Code. 

  

	 	3.	Storefront Windows 

  

	 	a.	Tenant shall construct all platforms, walls, lighting, finishes, and other construction related to storefront displays and display windows. Prior approval of seasonal displays is
not necessary, but Landlord reserves the right to request that Tenant remove any such seasonal displays that Landlord deems unprofessional, offensive, or otherwise not in character with the quality of other displays within the project or the overall
image of the shopping center in general. In the event that Landlord objects, written notice will be given to Tenant and Tenant agrees to remove the display within no more than 7 days after written notice. Failure to remove objectionable displays
will result in a penalty to Tenant of $50.00 per day for each and every calendar day that display remains in place after receipt Landlord’s written objection. 

  

	 	4.	Window Treatments at Solid Walls: Where window walls exist and Tenant desires to install partitions, fixtures, equipment, or other solid materials on the inside of the store across
such windows, the glass and cavity areas shall be constructed or modified utilizing one of the following methods. The method used for obscuring the wall behind and all graphics and signage are subject to the prior approval of Landlord’s
Architect. The treatment must be shown on Tenant’s plans and the graphics specifically approved in the same manner as signage. The methods are listed in the order of preference: 

  

	 	a.	Install partition and fixture on inside of store set away from the window approximately 1-ft or as required to allow access. Install a finish material on which seasonal displays of
merchandise, permanent signage, and/or other graphics may be placed. Provide illumination for such displays or graphics. 

 

 

	 	b.	Install on the inside face of the glass a permanent backlit translucent vinyl graphic that obscures the wall construction or fixtures behind. Such graphic should depict a product or
products, or create a visual image appropriate to the character of the store. 

  

	 	c.	Install on the inside face of the glass a permanent non-illuminated graphic that obscures the wall construction or fixtures behind. Such graphic should depict a product or products,
or create a visual image appropriate to the character of the store. 

  

	 	d.	Replace the existing glazing with a black heat-treated spandrel glass. 

  

	 	e.	Provide black opaque vinyl film on the inside of the glass to completely obscure the view beyond. If vinyl film is provided, Tenant shall appropriately insulate, air-condition, and
vent the area behind to prevent heat build-up. In the event of any glass breakage due to heat build-up or bubbling or cracking of the vinyl film, Tenant shall be responsible for the prompt replacement of glass and film materials.

  

	 	5.	Open Ceiling Systems 

  

	 	a.	Wherever Tenant desires to eliminate suspended acoustical ceilings, the walls, roof decks, structural members, ductwork, and all conduit and piping shall be painted. Pipe, conduit
and ductwork shall be run perpendicular or parallel to storefronts with clean and neat bends. No low voltage wiring or other exposed wire runs will be permitted. Exposed ductwork and drops shall be rigid metal, round spiral and uninsulated.

  

	 	6.	Tenant will provide floor finishes and coverings (beyond that currently existing). 

  

	 	7.	Structural and roof openings and holes. 

  

	 	a.	Any alterations and/or additions and reinforcements to Landlord’s structure made by Tenant and/or Tenant’s Contractor to accommodate Tenant’s Work shall be done at
Tenant’s expense. Tenant and/or Tenant’s Contractor shall leave Landlord’s structure as strong or stronger than original design, and with finishes unimpaired. All structural roofing and flashing work MUST be performed by
Landlord’s original contractor and in accordance with approved standard roofing details for the type of roof used at Tenant’s expense. 

  

	 	8.	Partitioning (beyond that currently existing) 

  

	 	a.	Tenant shall provide all interior partitioning and decorating thereof. 

  

	 	9.	Mechanical 

  

	 	a.	Tenant’s roof equipment, if any, may be located on the roof with prior approval of Landlord’s Architect as to location, appearance, screening and structural
specification. Tenant may modify Landlord provided distribution system. Any such modifications shall be performed by Tenant at Tenant’s sole cost and expense. 

  

	 	b.	Plumbing 

  

	 	1.	Tenant shall do any and all plumbing work it may require per standards hereof, including but not limited to the following: 

 All drinking fountains and rough-in, additional hot water systems, including water heaters, rough-in, fixtures, drains, vents, etc., and
final connections to Tenant’s specialty equipment, and janitorial and slop sinks. 
 

 

	 	c.	Heating, ventilating and air-conditioning 

  

	 	1.	Tenant shall do any and all heating, ventilating and air-conditioning work it may require, including but not limited to the following: 

 All control systems, exhaust and make-up air units, dehumidification or humidification equipment and any modifications to duct work and
air distribution system. 
  

	 	2.	Landlord may require Tenant to furnish and install additional equipment if Tenant’s use of the leased premises requires such additional equipment in accordance with good design
and engineering practices or if required to conform with any applicable codes, etc. 

  

	 	10.	Electrical 

  

	 	a.	Tenant shall do any and all electrical work it may require, including but not limited to the following: 

  

	 	1.	Distribution center requirements and branch wiring. 

  

	 	2.	All underfloor ducts for outlets and telephone. 

  

	 	3.	Telephone conduit and outlet, if any. 

  

	 	4.	Lighting distribution and fixture installation. 

  

	 	5.	Controls, wiring and equipment for show window sign and displays. 

  

	 	6.	Time clocks. 

  

	 	7.	Any and all electrical work for Tenant’s A.C. and other equipment beyond Landlord provided receptacles. 

  

	 	11.	Exterior Sign Criteria 

  

	 	a.	Tenant shall submit to Landlord for written approval, drawings and specifications in duplicate of proposed exterior signs. Such signs will also be subject to municipal
approval to extent required. Location of sign will be subject to Landlord approval. Signs will comply with criteria attached hereto as Exhibit “E”. 

  

	 	12.	Tenant Certification to Landlord 

  

	 	a.	Upon substantial completion of construction, or as soon thereafter as costs can be determined, Tenant shall certify to Landlord in a reasonable form to be prescribed by Landlord,
the following actual costs: 

  

	 	1.	Aggregate cost of Tenant’s construction work for “permanent improvements” attached to or becoming part of premises. 

 

 

	 	2.	Amount of aggregate “construction allowance” paid and/or payable by Landlord to Tenant as provided in Section 6.02 of this Lease. 

  

	 	3.	Aggregate cost paid by Tenant for trade fixtures, furnishings, and personal property located on premises. 

  

	 	4.	A statement that Tenant has paid for such items, or listing items not yet paid. 

 

 

 EXHIBIT “E” 
 SIGN CRITERIA 
  

	A.	MONUMENT SIGN 

 If such monument does not already
exist, Tenant may also, at Tenant’s expense, install a monument sign near Utah Valley Drive at the location shown on Exhibit “A” attached hereto. The size shall be no larger than 6 feet high and 8 feet in width and shall be of a
design mutually agreed between Landlord and Tenant. 
  

	B.	EXTERIOR BUILDING SIGNAGE 

  

	 	1.	Tenant may install signage, in a location approved by Landlord, on the exterior of the building subject to local laws and ordinances. All such signage shall be of the same type,
letter style, construction, and design as described herein. 

  

	 	2.	Prior to proceeding with the fabrication and installation of any exterior signage, Tenant shall submit to Landlord a sign fabrication drawing showing the dimensions, construction
details, method of attachment, location of lighting, and other pertinent information. All sign fabrication drawings must be approved by Landlord in writing. 

  

	 	3.	The wording of Tenant’s exterior signage shall be as set forth in Section 1.01(G) of the Lease. Use of corporate logos, shields, or crests will be permitted.

  

	 	4.	Business identification signage will be required of all tenants. Such signage will be of a uniform type and size, located on the side masonry panel immediately adjacent to the
Tenant entrance. Optional identification signage may be installed by Tenant at Tenant expense. Such signage shall be of a uniform type and size, located the masonry parapet fascia above the windows where specifically approved by Landlord.

  

	 	5.	Exterior signs shall be used to identify the names of businesses only. Advertising, identification of products sold or services provided will generally be prohibited.

  

	 	6.	All signs must be approved by Landlord prior to fabrication and installation. No approval shall be deemed valid unless given in writing. 

  

	 	7.	Tenant shall be responsible for the removal of all signs at the termination of any lease. Tenant shall repair any damage to building materials and shall completely remove any
remnants of signage including, if necessary, cleaning the masonry surface to remove dirt or other surface stains. Tenant shall patch all holes using mortar matching that used on the other parts of the building. Tenant agrees to pay Landlord $500
penalty for failure to remove signage or properly repair and restore building surfaces to a condition satisfactory to Landlord. 

  

	C.	BUSINESS IDENTIFICATION SIGNAGE CRITERIA 

  

	 	1.	All signs shall be non-illuminated individual letter type. Letters shall be cut, 1" thick, plastic faces without edge trim, painted to match window frames. 

 

	 	2.	Maximum letter size shall be 6". 

  

	 	3.	Letter style shall be approved by Landlord, which approval shall not be unreasonably withheld. Where Tenant logo or trade mark utilizes a different letter style, such style may be
used only when specifically approved by Landlord. 

  

	 	4.	Logos may be utilized using the same type materials and design. Size of logo may be increased to 12". 

  

	 	5.	Signs shall be located on the masonry panel between the entrance and window. Signs shall be centered horizontally on the panel and maintain a minimum of 1"-0" clear space each side.
Signs shall also be centered vertically between the window sill and the head. In no case may signage extend above the window head. 

  

	 	6.	Tenant may install one set of signs at each entrance. 

 

 
  

 1 

	D.	OPTIONAL IDENTIFICATION SIGNAGE CRITERIA 

  

	 	1.	All signs shall be reversed channel, individual letter type signs constructed from sheet metal with 4" deep painted returns and faces matching the color used in the exterior
aluminum framing system. No exposed fasteners shall be permitted. Signs may be illuminated or non- illuminated at Tenant’s option. 

  

	 	a.	If sign is illuminated, construction shall provide a halo effect wherein lighting is by way of white neon concealed within each letter with a clear back. Letter shall be set off
from the face of the wall by 1". 

  

	 	b.	If sign is non-illuminated, construction shall be the same as for illuminated signs except that neon and clear plastic backer will not be installed. 

 

	 	2.	Maximum letter size shall be 36" high for letters. 

  

	 	3.	Letter style shall be as selected by Tenant. 

  

	 	4.	Logos may be utilized using illuminated faces, cabinets, and backgrounds without the halo effect. Size of logo may be increased to 48". Color, style, and design of face shall be at
Tenant’s option. The returns shall be painted to match the other lettering. 

  

	 	5.	Tenant may install one sign on the face of each elevation upon which the Leased Premises fronts, but the number of building-mounted signs shall be limited to two.

  

	E.	OTHER SIGNAGE 

  

	 	1.	No signage will be permitted in windows except the windows within entrance recesses adjacent to entrance door or on the entrance door. Lettering shall be of a uniform type, size,
and style and as follows: 

  

	 	a.	Utilize maximum 1" high, white, cut-out vinyl letters or white painted letters on glass. 

  

	 	b.	May be used to indicate business hours, names of individual professionals, services and products offered, or other information approved by Landlord. 

  

	 	2.	Street or suite numbers identifying the official mailing address will be installed by Landlord. Such lettering will be 6" high and located and centered on the masonry band above
each entrance recess. 

  

	 	3.	No other signage will be permitted on buildings. 

  

	 	4.	Interior signage of the type and style selected by Tenant may be provided by Tenant at Tenant’s option and expense. 

  

	F.	PARKING STALL IDENTIFICATION 

  

	 	1.	Reserved parking spaces may be designated. Reserved parking spaces shall be identified by painting “Reserved,” “Business Name Only,” or such other mutually
approved designation. 

  

	 	2.	Other parking spaces may be designated for visitor or customer use only in a similar manner. 

 

 
  

 2 

 Exhibit “G” 
  

			
	lst Floor Conference Room	 	
	 Table
	 	9 comer workstations (CYBS may require removal per Exhibit C)
	 11 Chairs
	 	
	 Smart Board
	 	Training Room & Breakroom
	 Credenza
	 	2 vending machines
	 White Board
	 	1 fridge
	 2 Chairs & End Table
	 	
		 	Middle open office
	1 Floor Locker rooms (Mens & Womens)	 	40 workstations
	 Lockers
	 	20 corner workstations
	 3 wicker chairs
	 	
	 3 mirrors on wall
	 	
		 	Executive Conference Room
	 1st Floor IT Rm
	 	Smart board
	 5- shelf bookcase
	 	White board
		
	2nd floor freeway side	 	Reception area
	 98 workstations (CYBS may require removal per Exhibit C)
	 	Reception desk

 Landlord makes no warranty as to the actual condition of such equipment and/or personal property.Employment Agreement for William F. Borne

 Exhibit 10.1 
 EXECUTION 
  
 EMPLOYMENT AGREEMENT 
 BY AND
BETWEEN 
 AMEDISYS, INC. 
 AND 
 WILLIAM F. BORNE 
 DATED AS OF DECEMBER 19, 2007 

 TABLE OF CONTENTS 

					
	 	  	 	  	Page
			
	 Section 1.
	  	 Recitals
	  	1
			
	 Section 2.
	  	 Definitions
	  	1
			
	 Section 3.
	  	 Term of Employment
	  	4
			
	 Section 4.
	  	 Title, Position, Duties and Responsibilities
	  	4
			
	 Section 5.
	  	 Base Salary; Target Bonus
	  	5
			
	 Section 6.
	  	 Employee Incentive Compensation and Benefit Programs
	  	5
			
	 Section 7.
	  	 Reimbursement of Business and Other Expenses; Perquisites
	  	5
			
	 Section 8.
	  	 Termination of Employment
	  	6
			
	 Section 9.
	  	 Forfeiture Provisions
	  	14
			
	 Section 10.
	  	 Confidentiality; Cooperation with Regard to Litigation; Non-Disparagement; Return of Company Materials
	  	15
			
	 Section 11.
	  	 Non-Competition/Prior Employment Covenants
	  	17
			
	 Section 12.
	  	 Non-Solicitation of Employees and Customers
	  	18
			
	 Section 13.
	  	 Remedies
	  	18
			
	 Section 14.
	  	 Resolution of Disputes
	  	19
			
	 Section 15.
	  	 Indemnification
	  	20
			
	 Section 16.
	  	 Excise Taxes
	  	21
			
	 Section 17.
	  	 Effect of Agreement on Other Benefits
	  	22
			
	 Section 18.
	  	 Assignability; Binding Nature
	  	22
			
	 Section 19.
	  	 Representation
	  	23
			
	 Section 20.
	  	 Entire Agreement
	  	23
			
	 Section 21.
	  	 Amendment or Waiver
	  	23
			
	 Section 22.
	  	 Severability
	  	23

					
			
	 Section 23.
	  	 Survivorship
	  	23
			
	 Section 24.
	  	 Beneficiaries/References
	  	24
			
	 Section 25.
	  	 Governing Law/Jurisdiction
	  	24
			
	 Section 26.
	  	 Notices
	  	24
			
	 Section 27.
	  	 Captions
	  	24
			
	 Section 28.
	  	 Counterparts
	  	25
			
	 Section 29.
	  	 Section 409A Compliance
	  	25

  

 ii 

 EMPLOYMENT AGREEMENT 
 THIS EMPLOYMENT AGREEMENT (the “Agreement”) is made and entered into as of the 19th day of December, 2007 (the “Effective Date”), by and between Amedisys, Inc.,
a Delaware corporation having its headquarters at 5959 South Sherwood Forest Boulevard, Baton Rouge, Louisiana, 70816 (“Amedisys” or the “Company”), and William F. Borne, having an address at 5512 Summerlake Drive,
Baton Rouge, LA 70817 (the “Executive”). 
 RECITALS 
 WHEREAS, the Executive and the Company have entered into an employment agreement, dated April 1, 2005 (the “Prior
Agreement”); 
 WHEREAS, the Company desires to continue to employ Executive as its Chief Executive Officer
and Executive desires to accept such continued employment, pursuant to terms and conditions of this Agreement, which is intended to replace the Prior Agreement; 
 NOW, THEREFORE, in consideration of the premises and mutual covenants contained herein and for other good and valuable consideration, the receipt of which is mutually acknowledged, the
Company and Executive (individually a “Party” and together the “Parties”) agree to be bound in accordance with the terms of this Agreement. 
 Section 1.        Recitals.  The above Recitals are incorporated herein by this reference. 
 Section 2.        Definitions. 
 (a)        The terms below are used in this Agreement, including the preamble and recitals, as
so defined. As used herein, the following terms shall have the following meanings: 
 “After-Tax Proceeds”
shall have the meaning set forth in Section 16. 
 “After-Tax Proceeds With Cut-Back” shall have the
meaning set forth in Section 16. 
 “Agreement” shall have the meaning set forth in the preamble
above. 
 “Award” shall have the meaning set forth in Section 9(a). 
 “Award Gain” shall have the meaning set forth in Section 9(a). 
 “Base Amount” shall have the meaning set forth in Section 16. 
 “Base Salary” shall have the meaning set forth in Section 5(a). 
 “Beneficial Owner” shall have the meaning set forth in Section 8(c). 
  

 1 

 “Board” shall have the meaning set forth in Section 5(a).

 “Cause” shall have the meaning set forth in Section 8(b). 
 “Change in Control” shall have the meaning set forth in Section 8(c). 
 “COBRA” shall mean the Consolidated Omnibus Budget Reconciliation Act of 1984. 
 “COBRA Period” shall have the meaning set forth in Section 8(c). 
 “Code” shall mean the United States Internal Revenue Code of 1986, as amended, and the regulations promulgated
thereunder. 
 “Committee” shall have the meaning set forth in Section 5(a). 
 “Company” shall have the meaning set forth in the preamble above. 
 “Confidential Information” shall have the meaning set forth in Section 10(c). 
 “Contingent Payments” shall have the meaning set forth in Section 16. 
 “Continued Participation Period” shall have the meaning set forth in Section 8(c). 
 “Disability” shall have the meaning set forth in Section 8(a). 
 “Effective Date” shall have the meaning set forth in the preamble above. 
 “Exchange Act” shall have the meaning set forth in Section 8(c). 
 “Excise Tax” shall have the meaning set forth in Section 16. 
 “Executive” shall have the meaning set forth in the preamble above. 
 “Fair Market Value” shall have the meaning set forth in Section 6. 
 “Final Determination” shall have the meaning set forth in Section 16. 
 “Forfeiture Event” shall have the meaning set forth in Section 9. 
 “409A Payment Date” shall have the meaning set forth in Section 8(j). 
 “Good Reason” shall have the meaning set forth in Section 8(c). 
 “Gross-Up Amount” shall have the meaning set forth in Section 16. 
  

 2 

 “Independent Advisors” shall have the meaning set forth in
Section 16. 
 “Party” shall have the meaning set forth in the Recitals above. 
 “Parties” shall have the meaning set forth in the Recitals above. 
 “Person” shall have the meaning set forth in Section 8(c). 
 “Prior Agreement” shall have the meaning set forth in the Recitals above. 
 “Proceeding” shall have the meaning set forth in Section 15(a). 
 “Restricted Area” shall have the meaning set forth in Section 11(a). 
 “Restriction Period” shall have the meaning set forth in Section 11(b). 
 “Retirement” shall have the meaning set forth in Section 8(f). 
 “Severance Period” shall have the meaning set forth in Section 8(c). 
 “Significant Subsidiary” shall have the meaning set forth in Section 8(c). 
 “Subsidiary” shall have the meaning set forth in Section 10(d). 
 “Target Bonus” shall have the meaning set forth in Section 5(b). 
 “Taxes” shall have the meaning set forth in Section 16. 
 “Term of Employment” shall have the meaning set forth in Section 3(a). 
 “Willful” shall have the meaning set forth in Section 8(b). 
 (b)        References to “Sections”, “Subsections”, and
“Attachments” shall be to Sections, Subsections and Attachments, respectively, of this Agreement unless otherwise specifically provided. Any of the terms defined in Section 2(a) may, unless the context otherwise requires, be used in
the singular or the plural depending on the reference. In this Agreement, “hereof”, “herein”, “hereto”, “hereunder” and the like mean and refer to this Agreement as a whole and not merely to the specific
section, paragraph or clause in which the respective word appears; words importing gender include the other gender; references to “writing” include printing, typing lithography and other means of reproducing words in a tangible or visible
form; the words “including”, “includes” and “include” shall be deemed to be followed by the words “without limitation”; references to agreements and other contractual instruments shall be deemed to include
subsequent amendments, assignments, and other modifications thereto, but only to the extent such amendments, assignments and other modifications are not prohibited by the terms of this Agreement; references to Parties include their respective
permitted successors and assigns; and all 

  

 3 

 
references to statutes and regulations shall include any amendments of same and any successor statutes and regulations. 
 Section 3.        Term of Employment. 
 (a)        The term of Executive’s employment under this Agreement shall commence on the
Effective Date and expire on the third (3rd) anniversary thereof (the “Term of Employment”), unless terminated prior thereto in
accordance herewith. This Agreement shall not be automatically renewable; however after the expiration of the Term of Employment, Executive’s employment shall continue on an “at will” basis. If following the expiration of the Term of
Employment, there is a termination with Good Reason (as defined below) or a termination without Cause (as defined below), in either case, Executive shall be entitled to and his sole remedies under this Agreement shall be as set forth in
Section 8(c). 
 (b)        Notwithstanding anything in this Agreement
to the contrary, at least one year prior to the expiration of the Term of Employment, upon the written request of the Company or Executive, the Parties shall meet to discuss this Agreement and may agree in writing to modify any of the terms of this
Agreement. 
 Section 4.        Title, Position, Duties and Responsibilities.

 (a)        Generally.      Executive
shall serve as Chief Executive Officer of the Company. Executive shall have and perform such duties, responsibilities, and authorities as are customary for the Chief Executive Officer of corporations of similar size and businesses as the
Company as they may exist from time to time and as are consistent with such positions and status. Executive shall devote all of his business time and attention (except for periods of vacation or absence due to illness and other activities permitted
pursuant to Section 4(b)), and his best efforts, abilities, experience, and talent to the position of Chief Executive Officer and for the Company’s businesses. 
 (b)        Other Activities.  Anything herein to the contrary notwithstanding, nothing in this Agreement shall preclude Executive from
(i) serving on the boards of directors of a reasonable number of other corporations after prior consultation with and approval of the Board or the boards of a reasonable number of trade associations and/or charitable organizations,
(ii) engaging in charitable activities and community affairs, and (iii) managing his personal investments and affairs, provided that such activities do not materially interfere with the proper performance of his duties and
responsibilities under this Agreement. 
 (c)        Place of
Employment.  Executive’s principal place of employment shall be the corporate offices of the Company. 
 (d)        Rank of Executive Within Company.    As Chief Executive Officer of the Company, Executive shall be the Company’s highest-ranking executive and Executive
shall report directly to the Board. 
  

 4 

 (e)        Board
Membership.  Until the expiration of the Term of Employment, the Company shall use its reasonable best efforts, to the extent not inconsistent with applicable laws, rules, regulations and good governance standards, to nominate and
cause the election of Executive to the Board and to the Board’s Executive Committee, if one is constituted. If Executive is not elected to and serving on the Board at any time during the Term of Employment, Executive shall be entitled to
terminate this Agreement and be entitled to the remedies provided in Section 8(c) for a termination without Cause. For so long as he is serving on the Board, Executive agrees to serve as a member of any committee of the Board to which he is
elected. In any and all such capacities, Executive shall report only to the Board. 
 Section 5.        Base Salary; Target Bonus. 
 (a)        Executive shall be paid an annualized salary, payable in accordance with the regular payroll practices of the Company, of not less than $650,000 (“Base Salary”). The Base
Salary shall be reviewed for increase (but not decrease) by the Compensation Committee (the “Committee”) of the Board of Directors of the Company (the “Board”) no less than annually. 
 (b)        Executive shall be eligible to participate in an annual incentive plan with a target
award opportunity approved from year to year by the Board. The amount of target annual incentive approved by the Board for any given year is herein referred to as the “Target Bonus”. 
 Section 6.        Employee Incentive Compensation and Benefit
Programs.  During the Term of Employment, Executive shall be entitled to participate, in addition to the annual incentive plan referenced in Section 5(b), in such other incentive compensation, pension and welfare benefit plans and
programs of the Company as are made available to the Company’s senior level executives or to its employees generally, as such plans or programs may be in effect from time to time, including, without limitation, deferral, health, medical,
dental, long-term disability, travel accident and life insurance plans, subject to eligibility. The Company expressly retains the right to modify or terminate any such incentive compensation, pension and welfare benefit plans and programs in its
sole discretion. In no case shall Executive be awarded any options or stock appreciation rights with an exercise price less than 100% of Fair Market Value. For purposes of this Agreement, Fair Market Value shall be equal to the price of the
Company’s stock on the date of grant of such award as determined pursuant to the related award. 
 Section 7.        Reimbursement of Business and Other Expenses; Perquisites. 
 (a)        Reimbursement.    Executive is authorized to incur reasonable expenses in carrying out his duties and responsibilities under this
Agreement, and the Company shall promptly reimburse him for all such business expenses incurred in connection therewith, subject to documentation in accordance with the Company’s policy. 
 (b)        Automobile
Expenses.            Until the expiration of this Term or earlier termination of this Agreement, the Company shall (i) provide Executive with the full and exclusive use of an
automobile equivalent to the automobile used by Executive as of the Effective Date, or the Company shall provide Executive with an equivalent automobile allowance to be utilized by Executive at his sole discretion, and (ii) pay all maintenance,
insurance, and gasoline expenses 

  

 5 

 
incidental to the automobile, whether or not business related. Executive shall have the right to receive a new automobile on or about the second anniversary
of the date on which he took possession of the then current automobile. Upon termination of this Agreement, if Executive is entitled to the benefits of either Section 8(c) or Section 8(e) of this Agreement, the Company shall transfer title
to Executive, without payment therefor, of the Company’s automobile that Executive is then utilizing (and the value thereof will be reported as additional compensation to Executive.) 
 (c)        Life Insurance Benefits.    The Company shall pay the
premium directly, or shall reimburse Executive, in his discretion, on a whole life insurance policy on the life of Executive with a face value to be determined in the sole discretion of Executive, which premium shall not exceed $25,000 per year.
Such obligation to pay the premium shall continue until the expiration of the Term or earlier termination of this Agreement and any applicable severance period. Executive shall have the right to designate the beneficiaries of such policy and shall
be the owner thereof. If Executive notifies the Company that he has elected for the Company to pay the premiums directly, the Company shall pay all premiums on such life insurance policy at least five (5) days before the end of any grace
period, and on demand provide Executive due proof of such payment. The insurance company issuing such policy shall be authorized to give Executive, upon his request, any information regarding the status of any such policy. Any dividend declared upon
such policy shall be applied to the premium. The company issuing the insurance policy must be at least “AA” in the “Best” ratings and be duly licensed to issue such policy. 
 (d)        Whole Life Assignee.      The Company and/or
Executive, shall, at the direction of Executive, instruct New York Life Insurance Company to designate a person of Executive’s choosing as assignee of the cash value of Policy Number 43900679. Executive shall be entitled to exercise his right
to the cash redemption value of said policy upon the expiration or earlier termination of this Agreement or upon his election, either at the sole discretion of Executive. 
 (e)        Tax Preparation.  Until the expiration of the Term or earlier termination of this Agreement and any applicable severance
period, the Company will reimburse Executive for the cost of tax and financial preparation and planning, including services that may be requested by Executive from time to time pertaining to this Agreement, which shall be limited to $2,500 per year.

 Section 8.        Termination of Employment. 
 (a)        Termination Due to Death or Disability.    In the event
Executive’s employment with the Company is terminated due to his death or Disability (as defined below), the Executive, his estate or his beneficiaries, as the case may be, shall be entitled to, and his or their sole remedies under this
Agreement shall be: 
  

	 	 (i)
	 Base Salary through the date of death or Disability, which shall be paid in a single lump sum not later than 15 days following Executive’s death or
Disability; 

  

 6 

	 	 (ii)
	 the balance of any incentive awards earned as of December 31 of the prior year (but not yet paid), which shall be paid in a single lump sum not later than
15 days following Executive’s death or Disability; 

  

	 	 (iii)
	 the immediate vesting of all unvested equity awards held by Executive in existence as of the date of this Agreement; and 

  

	 	 (iv)
	 all other or additional benefits then due or earned in accordance with applicable plans and programs of the Company. 

 For purposes of this Agreement, the term “Disability” means the Executive’s inability to engage in any substantial gainful
activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months.  
 (b)        Termination by the Company for Cause. 
  

	 	 (i)
	 “Cause” shall mean: 

  

	 	 (A)
	 Executive’s willful and material breach of Sections 10, 11 or 12 of this Agreement; 

  

	 	 (B)
	 Executive is convicted of, or enters a plea of nolo contendere to, a felony; 

  

	 	 (C)
	 Executive engages in conduct that constitutes willful gross neglect or willful gross misconduct in carrying out his duties under this Agreement, willful
violation of the Company’s code of conduct, or fails to follow reasonable and lawful directives of the Board which are consistent with this Agreement resulting, in either case, in material harm to the financial condition or reputation of the
Company; or 

  

	 	 (D)
	 Executive engages in an act or series of acts constituting misconduct resulting in a misstatement of the Company’s financial statements due to material
non-compliance with any financial reporting requirement within the meaning of Section 304 of The Sarbanes Oxley Act of 2002. 

 For purposes of this Agreement, an act or failure to act on Executive’s part shall be considered “willful” if it was done or omitted to be done by him not in good faith, and shall not include any act or failure to act
resulting from any incapacity of Executive. 
  

	 	 (ii)
	 A termination for Cause shall not take effect until a determination by the Board that, in its judgment, grounds for termination of the Executive for Cause exist.

  

 7 

	 	 (iii)
	 In the event the Company terminates Executive’s employment for Cause, he shall be entitled to and his sole remedies under this Agreement shall be:

  

	 	 (A)
	 Base Salary through the date of the termination of his employment for Cause, which shall be paid in a single lump sum not later than 15 days following
Executive’s termination of employment; 

  

	 	 (B)
	 any incentive awards earned as of December 31 of the prior year (but not yet paid), which shall be paid in a single lump sum not later than 15 days
following Executive’s termination of employment; and 

  

	 	 (C)
	 other or additional benefits then due or earned in accordance with applicable plans or programs of the Company. 

 (c)        Termination Without Cause or Termination With Good Reason Prior to a Change in
Control.  In the event Executive’s employment with the Company is terminated without Cause (meaning Executive’s employment is terminated by the Company for any reason other than Cause (as defined in Section 8(b) or due
to death or Disability), which termination shall be effective as of the date specified by the Company in a written notice to Executive, or in the event there is a termination with Good Reason (as defined below), in either case prior to a Change in
Control (as defined below), Executive shall be entitled to and his sole remedies under this Agreement shall be as follows: 
  

	 	 (i)
	 Base Salary through the date of termination of Executive’s employment, which shall be paid in a single lump sum not later than 15 days following
Executive’s termination of employment; 

  

	 	 (ii)
	 an amount equal to 2 times the sum of (A) the Base Salary, at the annualized rate in effect on the date of termination of Executive’s employment (or in
the event a reduction in Base Salary is a basis for a termination with Good Reason, then the Base Salary in effect immediately prior to such reduction), and (B) the greater of (x) the Target Bonus for the year of termination or
(y) the actual prior year bonus, which amount shall be payable monthly in accordance with the Company’s payroll practices for a period of 24 months following such termination (the “Severance Period”) unless otherwise
required to be paid in accordance with Section 8(j); 

  

	 	 (iii)
	 the balance of any incentive awards earned as of December 31 of the prior year (but not yet paid), which shall be paid in a single lump sum not later than
15 days following Executive’s termination of employment; 

  

 8 

	 	 (iv)
	 continued participation in the medical plan at the same benefit level at which he was participating on the date of the termination of his employment during the
applicable time period allowed for continuation of coverage under COBRA (the “COBRA Period”) until the earlier of the expiration of the Severance Period or the date on which Executive receives substantially comparable coverage and
benefits under the medical plan of a subsequent employer (the “Continued Participation Period”); provided, however, if the COBRA period terminates prior to the expiration of the Continued Participation Period, during the remainder
of the Continued Participation Period Executive will not be entitled to continued participation in the medical plan and the Company will pay directly to Executive, on a monthly basis, an amount equal to the amount previously expended monthly by the
Company for his continued participation in the medical plan, and 

  

	 	 (v)
	 other or additional benefits then due or earned in accordance with applicable plans and programs of the Company. 

 A termination with “Good Reason” shall mean a termination of Executive’s employment at his initiative as provided
in this Section 8(c) following the occurrence, without Executive’s written consent, of one or more of the following events (except as a result of a prior termination): 
  

	 	 (A)
	 a material reduction in the Executive’s Base Salary; 

  

	 	 (B)
	 a relocation of the corporate offices of the Company outside a 50-mile radius of Baton Rouge, Louisiana; 

  

	 	 (C)
	 a material diminution of Executive’s authority, responsibilities or duties; 

  

	 	 (D)
	 any action or inaction occurs which causes a material breach by the Company of its obligations under this Agreement. 

 For purposes of this Agreement, Good Reason shall not be deemed to have occurred unless Executive provides the Company with notice of one of the
conditions described above within 90 days of the existence of the condition, and the Company is provided at least 30 days to cure the condition. 
 A “Change in Control” shall be deemed to have occurred if: 
  

	 	 (i)
	 any Person (other than the Company, any trustee or other fiduciary holding securities under any employee benefit plan of the Company, or any company owned,
directly or indirectly, by the stockholders of 

  

 9 

	 	 
the Company immediately prior to the occurrence with respect to which the evaluation is being made in substantially the same proportions as their ownership
of the common stock of the Company) becomes the Beneficial Owner (except that a Person shall be deemed to be the Beneficial Owner of all shares that any such Person has the right to acquire pursuant to any agreement or arrangement or upon exercise
of conversion rights, warrants or options or otherwise, without regard to the sixty day period referred to in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company or any Significant Subsidiary (as defined below),
representing 50% or more of the combined voting power of the Company’s or such subsidiary’s then outstanding securities; 

  

	 	 (ii)
	 during any 12-month period, individuals who at the beginning of such period constitute the Board, and any new director (other than a director designated by a
person who has entered into an agreement with the Company to effect a transaction described in clause (i), (iii), or (iv) of this paragraph) whose election by the Board or nomination for election by the Company’s stockholders was approved
by a vote of at least two-thirds of the directors then still in office who either were directors at the beginning of the 12-month period or whose election or nomination for election was previously so approved but excluding for this purpose any such
new director whose initial assumption of office occurs as a result of either an actual or threatened election contest (as such terms are used in Rule 14a-11 of Regulation 14A promulgated under the Exchange Act) or other actual or threatened
solicitation of proxies or consents by or on behalf of an individual, corporation, partnership, group, associate or other entity or Person other than the Board, cease for any reason to constitute at least a majority of the Board;

  

	 	 (iii)
	 the consummation of a merger or consolidation of the Company or any subsidiary owning directly or indirectly all or substantially all of the consolidated assets
of the Company (a “Significant Subsidiary”) with any other entity, other than a merger or consolidation which would result in the voting securities of the Company or a Significant Subsidiary outstanding immediately prior thereto
continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving or resulting entity) more than 50% of the combined voting power of the surviving or resulting entity outstanding immediately after
such merger or consolidation; or 

  

	 	 (iv)
	 the stockholders of the Company approve a plan or agreement for the sale or disposition of all or substantially all of the consolidated assets of the Company
(other than such a sale or disposition immediately after which such assets will be owned directly or indirectly by the 

  

 10 

	 	 
stockholders of the Company in substantially the same proportions as their ownership of the common stock of the Company immediately prior to such sale or
disposition) in which case the Board shall determine the effective date of the Change in Control resulting therefrom. 

 For purposes of this definition: 
  

	 	 (A)
	 The term “Beneficial Owner” shall have the meaning ascribed to such term in Rule 13d-3 under the Exchange Act (including any successor to such
Rule). 

  

	 	 (B)
	 The term “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, or any successor act thereto.

  

	 	 (C)
	 The term “Person” shall have the meaning ascribed to such term in Section 3(a)(9) of the Exchange Act and used in Sections 13(d) and 14(d)
thereof, including “group” as defined in Section 14(d) thereof. 

 (d)        Voluntary Termination.  In the event of a termination of employment by Executive on his own initiative after delivery of 90 business days advance written notice, other than
a termination due to death, a termination with Good Reason, a Retirement pursuant to Section 8(f) below, or a voluntary termination by Executive on his own initiative pursuant to Section 8(e)(y), Executive shall have the same entitlements
as provided in Section 8(b)(iii) above for a termination for Cause. Notwithstanding any implication to the contrary, Executive shall not have the right to terminate his employment with the Company during the Term of Employment except in the
event of a termination with Good Reason, Retirement, or a voluntary termination by Executive on his own initiative pursuant to Section 8(e)(y), any voluntary termination of employment during the Term of Employment in violation of this Agreement
shall be considered a material breach. 
 (e)        Termination Without Cause
and Termination With Good Reason Following a Change in Control.    If either (x) Executive’s employment with the Company is terminated by the Company without Cause (which termination shall be effective as of the
date specified by the Company in a written notice to Executive), other than due to death or Disability, or in the event there is a termination with Good Reason (as defined above), in either case within one year following a Change in Control (as
defined above), or (y) Executive voluntarily terminates his employment on his own initiative on or after 275 days (but no later than 305 days) following a Change of Control, in either case of (x) or (y), Executive shall be entitled to and
his sole remedies under this Agreement shall be: 
  

 11 

	 	 (i)
	 Base Salary through the date of termination of Executive’s employment, which shall be paid in a single lump sum not later than 15 days following
Executive’s termination of employment; 

  

	 	 (ii)
	 an amount equal to 3 times the sum of (A) the Base Salary, at the annualized rate in effect on the date of termination of Executive’s employment (or in
the event a reduction in Base Salary is a basis for a termination with Good Reason, then the Base Salary in effect immediately prior to such reduction), and (B) the greater of (x) the Target Bonus for the year of termination or
(y) the actual prior year bonus, which amount shall be payable in lump sum within 15 days of termination of employment, unless otherwise required to be paid in accordance with Section 8(j), 

  

	 	 (iii)
	 the balance of any incentive awards earned as of December 31 of the prior year (but not yet paid), which shall be paid in a single lump sum not later than
15 days following Executive’s termination of employment; 

  

	 	 (iv)
	 continued participation in the medical plan at the same benefit level at which he was participating on the date of the termination of his employment during the
applicable time period allowed for continuation of coverage under COBRA (the “COBRA Period”) until the earlier of the expiration of the Severance Period or the date on which Executive receives substantially comparable coverage and
benefits under the medical plan of a subsequent employer (the “Continued Participation Period”); provided, however, if the COBRA period terminates prior to the expiration of the Continued Participation Period, during the remainder
of the Continued Participation Period Executive will not be entitled to continued participation in the medical plan and the Company will pay directly to Executive, on a monthly basis, an amount equal to the amount previously expended monthly by the
Company for his continued participation in the medical plan; 

  

	 	 (v)
	 other or additional benefits then due or earned in accordance with applicable plans and programs of the Company, and; 

  

	 	 (vi)
	 all awards made to the Executive prior to the date of this Agreement shall vest and Executive shall be entitled to the benefit of all such awards immediately
upon a Change of Control. 

 (f)        Retirement.    Upon Executive’s Retirement (as defined below), Executive shall be entitled to and his sole remedies under this Agreement shall be:

  

 12 

	 	 (i)
	 Base Salary through the date of termination of Executive’s employment, which shall be paid in a single lump sum not later than 15 days following
Executive’s termination of employment; 

  

	 	 (ii)
	 the balance of any incentive awards earned as of December 31 of the prior year (but not yet paid), which shall be paid in a single lump sum not later than
15 days following Executive’s termination of employment; 

  

	 	 (iii)
	 the immediate vesting of all unvested equity awards held by Executive in existence as of the date of this Agreement; and 

  

	 	 (iv)
	 all other or additional benefits then due or earned in accordance with applicable plans and programs of the Company. 

 For purposes of this Agreement, “Retirement” shall mean Executive’s voluntary retirement from employment with the Company as
approved by the Board in its sole discretion. 
 (g)        No Mitigation; No
Offset.  In the event of any termination of employment, Executive shall be under no obligation to seek other employment; amounts due Executive under this Agreement shall not be offset by any remuneration attributable to any subsequent
employment that he may obtain. 
 (h)        Nature of
Payments.   Any amounts due under this Section 8 are in the nature of severance payments considered to be reasonable by the Company and are not in the nature of a penalty. 
 (i)        No Further Liability; Release.  In the event of Executive’s
termination of employment, payment made and performance by the Company in accordance with this Section 8 shall operate to fully discharge and release the Company and its directors, officers, employees, subsidiaries, affiliates, stockholders,
successors, assigns, agents and representatives from any further obligation or liability with respect to Executive’s rights under this Agreement. Other than payment and performance under this Section 8, the Company and its directors,
officers, employees, subsidiaries, affiliates, stockholders, successors, assigns, agents and representatives shall have no further obligation or liability to Executive or any other person under this Agreement in the event of Executive’s
termination of employment. The Company conditions the payment of any severance or other amounts pursuant to this Section 8 upon the delivery by Executive to the Company of a release in the form satisfactory to the Company, substantially in the
form attached hereto as Attachment 1, releasing any and all claims Executive may have against the Company and its directors, officers, employees, subsidiaries, affiliates, stockholders, successors, assigns, agents and representatives arising
out of this Agreement. 
 (j)        Section 409A Specified
Employee.    If the Executive is a “specified employee” for purposes of Section 409A of the Code, to the extent required to comply with Section 409A of the Code, any payments required to be made pursuant
to this Section 8 which are deferred compensation and subject to Section 409A of the Code (and do not qualify for an 

  

 13 

 
exemption thereunder) shall not commence until one day after the day which is six (6) months from the date of termination. Should this Section 8(j)
result in a delay of payments to the Executive, on the first day any such payments may be made without incurring a penalty pursuant to Section 409A (the “409A Payment Date”), the Company shall begin to make such payments as
described in this Section 8, provided that any amounts that would have been payable earlier but for application of this Section 8(j) shall be paid in lump-sum on the 409A Payment Date. 
 (k)        Termination Without Cause Within 90 Days Prior to A Change in
Control.  Anything in this Agreement to the contrary notwithstanding, if the Executive’s employment with the Company is terminated without Cause within 90 days prior to the date on which the Change in Control occurs, such
termination shall be deemed to have occurred after a Change in Control for purposes of this Agreement. 
 (l)        Financial Security For Payments Following a Change in Control.  Following a Change in Control, at the request of Executive, the Company or its successor shall provide
financial security reasonably acceptable to Executive for its obligations to make payments required by Section 8(e). 
 9.        Forfeiture Provisions. 
 (a)        Forfeiture of Stock Options and Other Awards and Gains Realized Upon Prior Option Exercises or Award Settlements and Severance Payments.    Unless otherwise
determined by the Committee, upon termination of Executive’s employment for Cause, the Executive’s engaging in competition with the Company or any Subsidiary after a voluntary termination of employment pursuant to Section 8(d), or
Executive’s violation of any of the other restrictive covenants contained in Section 10, 11 or 12 (each a “Forfeiture Event”) while employed by the Company and for 24 months after such employment terminates, will result
in: 
  

	 	 (i)
	 The unexercised portion of any stock option, whether or not vested, and any other Award (as defined below) not then settled (except for an Award that has not
been settled solely due to an elective deferral by Executive and otherwise is not forfeitable in the event of any termination of Executive’s service) will be immediately forfeited and canceled upon the occurrence of the Forfeiture Event;

  

	 	 (ii)
	 Executive will be obligated to repay to the Company, in cash, within five business days after demand is made therefor by the Company, the total amount of Award
Gain (as defined herein) realized by Executive upon each exercise of a stock option or settlement of an Award (regardless of any elective deferral) that occurred (A) during the period commencing with the date that is 6 months prior to the
occurrence of the Forfeiture Event and the date 24 months after the Forfeiture Date, if the Forfeiture Event occurred while Executive was employed by the Company or a Subsidiary or affiliate, or (B) during the period commencing 6 months prior
to the date Executive’s employment by the Company terminated and ending 24 months after the date of such 

  

 14 

	 	 
termination, if the Forfeiture Event occurred after Executive ceased to be so employed. For purposes of this Section, the term “Award Gain”
shall mean (i), in respect of a given stock option exercise, the product of (X) the Fair Market Value per share of common stock at the date of such exercise (without regard to any subsequent change in the market price of shares) minus the
exercise price times (Y) the number of shares as to which the stock option was exercised at that date, and (ii), in respect of any other settlement of an Award granted to Executive, the Fair Market Value of the cash or stock paid or payable to
Executive (regardless of any elective deferral) less any cash or the Fair Market Value of any stock or property (other than an Award or award which would have itself then been forfeitable hereunder and excluding any payment of tax withholding) paid
by Executive to the Company as a condition of or in connection such settlement; and 

  

	 	 (iii)
	 Executive will be obligated to repay to the Company, in cash, within five business days after demand is made therefor by the Company, the total amount of any
payments made by the Company to the Executive or on the Executive’s behalf under Sections 8(c)(ii), 8(c)(iv), 8(e)(ii), and 8(iv). 

 “Award” shall mean any cash award, stock option, stock appreciation right, restricted stock, deferred stock, bonus stock, dividend equivalent, or other stock-based or performance-based award or
similar award, together with any related right or interest, granted to or held by Executive. 
 (b)        Committee Discretion.    The Committee may, in its discretion, waive in whole or in part the Company’s right to forfeiture under this Section, but no such
waiver shall be effective unless evidenced by a writing signed by a duly authorized officer of the Company. In addition, the Committee may impose additional conditions on Awards, by inclusion of appropriate provisions in the document evidencing or
governing any such Award. 
 Section 10.        Confidentiality; Cooperation
with Regard to Litigation; Non-Disparagement; Return of Company Materials. 
 (a)        During the Term of Employment and thereafter, Executive shall not, without the prior written consent of the Company, disclose to anyone (except in good faith in the ordinary course of
business to a person who will be advised by Executive to keep such information confidential) or make use of any Confidential Information (as defined below), except in the performance of his duties hereunder or when required to do so by legal
process, by any governmental agency having supervisory authority over the business of the Company or by any administrative or legislative body (including a committee thereof) that requires him to divulge, disclose or make accessible such
information. In the event that Executive is so ordered, he shall give prompt written notice to the Company in order to allow the Company the opportunity to object to or otherwise resist such order. 
  

 15 

 (b)        During the Term of Employment and
thereafter, Executive shall not disclose the existence or contents of this Agreement beyond what is disclosed in the proxy statement or documents filed with the government unless and to the extent such disclosure is required by law, by a
governmental agency, or in a document required by law to be filed with a governmental agency or in connection with enforcement of his rights under this Agreement. This restriction shall not apply to such disclosure by him to members of his immediate
family, his tax, legal or financial advisors, any lender, or tax authorities, or to potential future employers to the extent necessary, each of whom shall be advised not to disclose such information. 
 (c)        “Confidential Information” shall mean (i) all information
concerning the business of the Company or any Subsidiary including information relating to any of their products, product development, trade secrets, customers, suppliers, finances, and business plans and strategies, and (ii) information
regarding the organization structure and the names, titles, status, compensation, benefits and other proprietary employment-related aspects of the employees of the Company and the Company’s employment practices. Excluded from the definition of
Confidential Information is information (A) that is or becomes part of the public domain, other than through the breach of this Agreement by Executive or (B) regarding the Company’s business or industry properly acquired by Executive
in the course of his career as an executive in the Company’s industry and independent of Executive’s employment by the Company. For this purpose, information known or available generally within the trade or industry of the Company or any
Subsidiary shall be deemed to be known or available to the public. 
 (d)        “Subsidiary” shall mean any corporation controlled directly or indirectly by the Company. 
 (e)        Executive agrees to cooperate with the Company, during the Term of Employment and thereafter (including following Executive’s termination
of employment for any reason), by making himself reasonably available to testify on behalf of the Company or any Subsidiary in any action, suit, or proceeding, whether civil, criminal, administrative, or investigative, and to assist the Company, or
any Subsidiary, in any such action, suit, or proceeding, by providing information and meeting and consulting with the Board or its representatives or counsel, or representatives or counsel to the Company, or any Subsidiary as requested; provided,
however that the same does not materially interfere with his then current professional activities. The Company agrees to reimburse Executive, on an after-tax basis, for all expenses actually incurred in connection with his provision of testimony or
assistance. 
 (f)        The Executive agrees that, during the Term of Employment
and thereafter (including following Executive’s termination of employment for any reason) he will not make statements or representations, or otherwise communicate, directly or indirectly, in writing, orally, or otherwise, or take any action
which may, directly or indirectly, disparage the Company or any Subsidiary or their respective officers, directors, employees, advisors, businesses or reputations. The Company agrees that, during the Term of Employment and thereafter (including
following Executive’s termination of employment for any reason) the Company will not make statements or representations, or otherwise communicate, directly or indirectly, in writing, orally, or otherwise, or take any action which may directly
or indirectly, disparage Executive or his business or reputation. Notwithstanding the foregoing, nothing in this Agreement shall preclude either 

  

 16 

 
Executive or the Company from making truthful statements or disclosures that are required by applicable law, regulation, or legal process. 
 (g)        Executive recognizes that all Confidential Information and copies or reproductions
thereof, relating to the Company’s operations and activities made or received by Executive in the course of his Employment are the exclusive property of the Company. Upon any termination of employment, Executive agrees to deliver any Company
property and any documents, notes, drawings, specifications, computer software, data and other materials of any nature pertaining to any Confidential Information that are held by Executive and will not take any of the foregoing, or any reproduction
of any of the foregoing, that is embodied an any tangible medium of expression, provided that the foregoing shall not prohibit Executive from retaining his personal phone directories and rolodexes. 
 Section 11.        Non-competition/Prior Employment Covenants. 
 (a)        During Executive’s employment by the Company, Executive shall refrain from,
without the written consent of the Company, directly or indirectly, whether individually or as an employee, consultant, principal, agent, officer, director, partner, shareholder (except as a less than one percent shareholder of a publicly traded
company) or owner of or in any capacity with any corporation, partnership, business, company or other entity, carrying on or engaging in, or assisting another to carry on or engage in, any other business, work or activity similar to the business,
work or activity of the Company or its affiliates. During the Restriction Period (as defined below), Executive shall refrain from, without the written consent of the Company, directly or indirectly, whether individually or as an employee,
consultant, principal, agent, officer, director, partner, shareholder (except as a less than one percent shareholder of a publicly traded company) or owner of or in any capacity with any corporation, partnership, business, company or other entity,
(i) carrying on or engaging in, or assisting another to carry on or engage in, any other business, work or activity similar to the business, work or activity of the Company or its affiliates in the geographical areas listed on Attachment
2 (the “Restricted Areas”) in which the Company or its affiliates are then engaged in business, and (ii) soliciting customers of the Company or its affiliates in the Restricted Area. The Parties acknowledge that the Company
is expanding and in order to prevent ongoing, repetitious amendments to this Agreement solely for the purpose of updating the Restricted Areas, the Parties agree that the Restricted Areas, inclusive of Attachment 2, shall be self-amending to
include all parishes, counties and States in which the Company conducts business or actively solicits business at any time during Executive’s employment with the Company and in no event shall such Restricted Areas be less than that contained in
Attachment 2. The Parties intend and agree that Executive’s continued employment thereafter shall serve as the Parties’ constructive acceptance of an amendment to enlarge the Restricted Areas. 
 (b)        For the purposes of this Section 11, “Restriction Period” shall
mean the period beginning with the Effective Date and ending with: 
  

	 	 (i)
	 in the case of a termination of Executive’s employment without Cause or a termination with Good Reason, pursuant to Section 8(c)(whether during or
after the Term of Employment), the 

  

 17 

	 	 
Restriction Period shall terminate on the date that the last severance payment is made to Executive; 

  

	 	 (ii)
	 in the case of a termination of Executive’s employment for Cause pursuant to Section 8(b) or in the case of a voluntary termination of Executive’s
employment pursuant to Section 8(d) above (whether during or after the Term of Employment), 24 months from the date of such termination; 

  

	 	 (iii)
	 in the case of a Retirement pursuant to Section 8(f) above or a termination due to Disability pursuant to Section 8(a), 24 months from the date of
Retirement or the date of the termination due to Disability; 

  

	 	 (iv)
	 in the case of any termination of Executive’s employment pursuant to Section 8(e) above, 24 months from the date of such termination.

 (c)        Executive represents and warrants to the Company that
performance of the Executive’s duties pursuant to this Agreement will not violate any agreements with or trade secrets of any other person or entity or previous employers, including without limitation agreements containing provisions against
solicitation or competition. 
 Section 12.        Non-solicitation of
Employees and Customers.    During the period beginning with the Effective Date and ending 24 months following the termination of Executive’s employment for any reason, Executive shall not induce: (i) employees of
the Company or any Subsidiary to terminate their employment (provided, however, that the foregoing shall not be construed to prevent Executive from engaging in generic non-targeted advertising for employees generally), or (ii) customers of the
Company or any Subsidiary to terminate their relationship with the Company, within the Restricted Areas. During such period, Executive shall not hire, either directly or through any employee, agent or representative, any employee of the Company or
any Subsidiary or any person who was employed by the Company or any Subsidiary within 180 days of such hiring. 
 Section 13.        Remedies.   In addition to whatever other rights and remedies the Company may have at equity or in law (including without limitation, the right to seek
monetary damages), if Executive breaches any of the provisions contained in Sections 10, 11 or 12, the Company (a) shall have its rights under Section 9 of this Agreement, (b) shall have the right to immediately terminate all payments
and benefits due under this Agreement and (c) shall have the right to seek injunctive relief, without the requirement to prove actual damages or to post any bond or other security. Executive hereby waves the requirement of posting bond or other
security and acknowledges that such a breach of Sections 10, 11 or 12 would cause irreparable injury and that money damages alone would not provide an adequate remedy for the Company; provided, however, the foregoing shall not prevent Executive from
contesting the issuance of any such injunction on the ground that no violation or threatened violation of Sections 10, 11 or 12 has occurred. 
  

 18 

 Section 14.        Resolution of
Disputes.    In the event that either Party to this Agreement has any claim, right or cause of action against the other Party to this Agreement, which the Parties are unable to settle by agreement between themselves, such
claim, right or cause of action, to the extent that the relief sought by such Party is for monetary damages or awards, will be determined by arbitration in accordance with the provisions of this Section 14. 
 (a)        The Party claiming a cause of action or breach of this Agreement shall first provide
the other Party with written notice of the breach. If the breach is not remedied within 15 days of said notice, the Party claiming the breach may request arbitration by serving upon the other a demand therefor, in writing, specifying the matter to
be submitted to arbitration, and nominating a competent disinterested person to act as an arbitrator. Within 15 days after receipt of such written demand and nomination, the other Party will, in writing, nominate a competent disinterested person,
and the two arbitrators so designated will, within 15 days thereafter, select a third arbitrator. The three arbitrators will give immediate written notice of such selection to the Parties and will fix in said notice a time and place of the meeting
of the arbitrators which will be in Baton Rouge, Louisiana, where all proceedings will be conducted, and will be held as soon as conveniently possible (but in no event later than 45 days after the appointment of the third arbitrator), at which time
and place the Parties to the controversy will appear and be heard with respect to the right, claim or cause of action. In case the notified Party or Parties will fail to make a selection upon notice within the time period specified, the Party
asserting such claim will appoint an arbitrator on behalf of the notified Party. In the event that the first two arbitrators selected will fail to agree upon a third arbitrator within 15 days after their selection, then such arbitrator may, upon
application made by either of the Parties to the controversy, be appointed by any judge of the United States District Court for the Middle District of Louisiana. 
 (b)        Each Party will present such testimony, examinations and investigations in accordance with such procedures and regulations as may be determined
by the arbitrators and will also recommend to the arbitrators a monetary award to be adopted by the arbitrators as the complete disposition of such claim, right or cause of action. After hearing the Parties in regard to the matter in dispute, the
arbitrators will make their determination with respect to such claim, right or cause of action, within 30 days of the completion of the examination, by majority decision signed in writing (together with a brief written statement of the reasons for
adopting such recommendation), and will deliver such written determination to each of the Parties. The decision of said arbitrators, absent fraud, duress or manifest error, will be final and binding upon the Parties to such controversy and may be
enforced in any court of competent jurisdiction. The arbitrators may consult with and engage disinterested third parties to advise the arbitrators. The arbitrators shall not award any punitive damages. If any of the arbitrators selected hereunder
should die, resign or be unable to perform his or her duties hereunder, the remaining arbitrators or any judge of the United States District Court for the Middle District of Louisiana shall select a replacement arbitrator. The procedure set forth in
this Section for selecting the arbitrators shall be followed from time to time as necessary. As to any claim, controversy, dispute or disagreement that under the terms hereof is made subject to arbitration, no lawsuit based on such matters shall be
instituted by any of the Parties, other than to compel arbitration proceedings or enforce the award of a majority of the arbitrators. All privileges under Louisiana and federal law, including attorney-client and work-product privileges, shall be
preserved and protected to the same extent that such privileges would be protected in a federal court proceeding applying Louisiana law. 
  

 19 

 (c)        The Company shall be responsible for
advancing the cost of the arbitrators as well as the other costs of the arbitration. Each Party will pay the fees and expenses of its own counsel. 
 (d)        Notwithstanding any other provisions of this Section 14, in the event that a Party against whom any claim, right or cause of action is asserted commences, or has
commenced against it, bankruptcy, insolvency or similar proceedings, the Party or Parties asserting such claim, right or cause of action will have no obligations under this Section 14 and may assert such claim, right or cause of action in the
manner and forum it deems appropriate, subject to applicable laws. No determination or decision by the arbitrators pursuant to this Section 14 will limit or restrict the ability of any Party hereto to obtain or seek in any appropriate forum,
any relief or remedy that is not a monetary award or money damages. 
 (e)        Notwithstanding any other provisions of this Section 14, if the Company is seeking injunctive or other equitable relief from a dispute arising under or in connection with Sections 10,
11, or 12, the arbitration requirements of this Section 14 shall not apply. 
 (f)        Any court proceedings relating to this Agreement shall be filed exclusively in the federal and state courts domiciled in Baton Rouge, Louisiana, and the Parties hereto consent to the venue
and jurisdiction of such courts. 
 Section 15.        Indemnification. 

 (a)        Company Indemnity.    The Company agrees
that if Executive is made a party, or is threatened to be made a party, to any action, suit or proceeding, whether civil, criminal, administrative or investigative (a “Proceeding”), by reason of the fact that he is or was a
director, officer or employee of the Company or any Subsidiary or is or was serving at the request of the Company or any Subsidiary as a director, officer, member, employee or agent of another corporation, partnership, joint venture, trust or other
enterprise, including service with respect to employee benefit plans, whether or not the basis of such Proceeding is Executive’s alleged action in an official capacity while serving as a director, officer, member, employee or agent, Executive
shall be indemnified and held harmless by the Company to the fullest extent legally permitted or authorized by the Company’s certificate of incorporation or bylaws or resolutions of the Company’s Board or, if greater, by the laws of the
State of Louisiana against all cost, expense, liability and loss (including, without limitation, attorney’s fees, judgments, fines, ERISA excise taxes or penalties and amounts paid or to be paid in settlement) reasonably incurred or suffered by
Executive in connection therewith, provided Executive provides Company with prompt notice of such action or threatened action. Such indemnification shall continue as to Executive even if he has ceased to be a director, member, officer, employee or
agent of the Company or other entity and shall inure to the benefit of Executive’s heirs, executors and administrators. The Company shall advance to Executive all reasonable costs and expenses to be incurred by him in connection with a
Proceeding within 20 days after receipt by the Company of a written request for such advance. Such request shall include an undertaking by Executive to repay the amount of such advance if it shall ultimately be determined that he is not entitled to
be indemnified against such costs and expenses. The provisions of this Section 15(a) shall not be deemed exclusive of any other rights of 

  

 20 

 
indemnification to which Executive may be entitled or which may be granted to him, and it shall be in addition to any rights of indemnification to which he
may be entitled under any policy of insurance. 
 (b)        No Presumption
Regarding Standard of Conduct.  Neither the failure of the Company (including its Board, independent legal counsel or stockholders) to have made a determination prior to the commencement of any proceeding concerning payment of amounts
claimed by Executive under Section 15(a) above that indemnification of Executive is proper because he has met the applicable standard of conduct, nor a determination by the Company (including its Board, independent legal counsel or
stockholders) that Executive has not met such applicable standard of conduct, shall create a presumption that Executive has not met the applicable standard of conduct. 
 Section 16.    Excise Taxes.      (a) Notwithstanding any provision of this Agreement, or any other agreement, plan or
arrangement to the contrary, if any portion of the Contingent Payments made or to be made to the Executive would result in the imposition of an Excise Tax, then: 
 (i) if the After-Tax Proceeds With Gross-Up exceed the After-Tax Proceeds With Cut-Back, the Company shall pay to Executive an amount in cash equal to the Gross-Up Amount; or 
 (ii) if the After-Tax Proceeds With Cut-Back exceed the After-Tax Proceeds With Gross-Up, Executive shall not be paid the Gross-Up
Amount and the aggregate amount of all payments to which Executive is entitled under this Agreement and all other agreements, plans and arrangements shall be reduced to the minimum extent necessary so that the aggregate present value of such
payments equals no more than 299% of Executive’s Base Amount. 
 (b)  All determinations required under this
Section 11 shall be made by the Company’s independent accountants or compensation consultants, after due consideration of Executive’s comments with respect to the interpretation hereof, and all such determinations shall be conclusive,
final and binding on the parties hereto, subject to a Final Determination. 
 (c)     For purposes of
this Section 16: 
 “After-Tax Proceeds With Cut-Back”  shall mean the fair market value of
all Contingent Payments to Executive reduced to the minimum extent necessary so that the aggregate present value of such payments equals 299% of the Executive’s Base Amount, and reduced further by the aggregate amount of all Taxes which would
be imposed on Executive with respect to such Contingent Payments. The amount of Taxes deemed imposed with respect to such Contingent Payments shall be determined as if all events that could give rise to a Tax with respect to such Contingent Payments
had occurred. 
 “After-Tax Proceeds With Gross-Up”  shall mean the fair market value of all
Contingent Payments to the Executive plus the Gross-Up Amount, reduced by the aggregate amount of all Taxes which would be imposed on Executive with respect to such Contingent 

  

 21 

 
Payments. The amount of Taxes deemed imposed with respect to such Contingent Payments shall be determined as if all events that could give rise to a Tax with
respect to such Contingent Payments had occurred. 
 “Base Amount” shall have the meaning set forth in
Section 280G(b)(3) of the Code and the Treasury Regulations promulgated thereunder or any successor provisions of law. 
 “Code” means the Internal Revenue Code of 1986, as amended, or any successor provision of law. 
 “Contingent Payments” shall mean all payments in the nature of compensation payable to (or for the benefit of) Executive which would otherwise be treated as “excess parachute payments” (within the meaning of
Section 280G(b)(1) of the Code) determined as if the thresholds set forth in Section 280G(b)(2)(A)(ii) of the Code were satisfied with respect to Executive. 
 “Excise Tax” shall mean any Tax imposed upon Executive pursuant to Section 4999 of the Code. 
 “Final Determination” shall mean any final determination of liability that, under applicable law, is not subject to further appeal, review or modification through proceedings or
otherwise, including but not limited to the expiration of a statute of limitations or a period for the filing of claims for refunds, amended returns or appeals from adverse determinations. 
 “Gross-Up Amount” shall mean the lesser of (i) $1,000,000 and (ii) the quotient equal to (A) the
aggregate excise taxes which would be imposed on Executive under Section 4999 of the Code in connection with a Change in Control of the Company, determined without regard to the provisions of this Section 11, divided by (B) one minus
the highest marginal income and excise Tax rate applicable to Executive for the calendar year in which occurred the Change in Control, determined as if all Contingent Payments were paid without regard to the provisions of this Section 16.

 “Taxes” shall mean all federal, state and local income, employment and excise taxes (including Excise
Taxes) imposed by any governmental authority. 
 Section 17.        Effect of
Agreement on Other Benefits.  Except as specifically provided in this Agreement, the existence of this Agreement shall not be interpreted to preclude, prohibit or restrict Executive’s participation in any other employee benefit or
other plans or programs in which he currently participates. 
 Section 18.        Assignability: Binding Nature.  This Agreement shall be binding upon and inure to the benefit of the Parties and their respective successors, heirs (in the
case of Executive) and permitted assigns. No rights or obligations of the Company under this Agreement may be assigned or transferred by the Company except that such rights or obligations may be assigned or transferred in connection with a Change of
Control of the Company, provided that the assignee or transferee is the successor to all or substantially all of the assets of the Company and such assignee or transferee assumes the liabilities, obligations and duties of the Company, as contained
in this 

  

 22 

 
Agreement, either contractually or as a matter of law. The Company further agrees that, in the event of a Change of Control, it shall take whatever action it
legally can in order to cause such assignee or transferee to expressly assume the liabilities, obligations and duties of the Company hereunder. No rights or obligations of Executive under this Agreement may be assigned or transferred by Executive
other than his rights to compensation and benefits, which may be transferred only by will or operation of law, except as provided in Section 24 below. 
 Section 19.        Representation.    The Company represents and warrants that it is fully authorized and empowered to
enter into this Agreement and that the performance of its obligations under this Agreement will not violate any agreement between it and any other person, firm or organization. Executive hereby represents to the Company that he is physically and
mentally capable of performing his duties hereunder and he has no knowledge of any present or past physical or mental conditions which would cause him not to be able to perform his duties hereunder. 
 Section 20.        Entire Agreement.  This Agreement contains the entire
understanding and agreement between the Parties concerning the subject matter hereof and, as of the Effective Date, supersedes the Prior Agreement and any other agreements, understandings, discussions, negotiations and undertakings, whether written
or oral, between the Parties with respect thereto, including, without limitation any prior change in control agreement between the Parties. 
 Section 21.        Amendment or Waiver.  No provision in this Agreement may be amended unless such amendment is agreed to in writing and signed by
Executive and an authorized officer of the Company. Except as set forth herein, no delay or omission to exercise any right, power or remedy accruing to any Party shall impair any such right, power or remedy or shall be construed to be a waiver of or
an acquiescence to any breach hereof. No waiver by either Party of any breach by the other Party of any condition or provision contained in this Agreement to be performed by such other Party shall be deemed a waiver of a similar or dissimilar
condition or provision at the same or any prior or subsequent time. Any waiver must be in writing and signed by Executive or an authorized officer of the Company, as the case may be. 
 Section 22.        Severability.  In the event that any provision or
portion of this Agreement shall be determined to be invalid or unenforceable for any reason, in whole or in part, the remaining provisions of this Agreement shall be unaffected thereby and shall remain in full force and effect to the fullest extent
permitted by law. Specifically, but without limitation, the parties agree that if any court of competent jurisdiction finds that any one or more of the words, phrases, sentences, clauses, sections, subdivisions, or subparagraphs contained in
Sections 10, 11, or 12 is overly broad or unenforceable, then the Agreement should be reduced or amended to be enforceable to the maximum extent allowable under applicable law. 
 Section 23.        Survivorship.      The respective rights and obligations of the Parties hereunder shall
survive any termination of Executive’s employment to the extent necessary to the intended preservation of such rights and obligations. 
  

 23 

 Section 24.        Beneficiaries/References. 
 Executive shall
be entitled, to the extent permitted under any applicable law, to select and change a beneficiary or beneficiaries to receive any compensation or benefit payable hereunder following Executive’s death by giving the Company written notice
thereof. In the event of Executive’s death or a judicial determination of his incompetence, reference in this Agreement to Executive shall be deemed, where appropriate, to refer to his beneficiary, estate or other legal representative.

 Section 25.        Governing Law/Jurisdiction. 
 This Agreement shall be governed by and construed and interpreted in accordance with the laws of Louisiana without reference to
principles of conflict of laws. Subject to Section 14, the Company and Executive hereby consent to the jurisdiction of any or all of the following courts for purposes of resolving any dispute under this Agreement: (i) the United States
District Court for the Middle District of Louisiana or (ii) the Nineteenth Judicial District Court for the Parish of East Baton Rouge, State of Louisiana. The Company and Executive further agree that any service of process or notice
requirements in any such proceeding shall be satisfied if the rules of such court relating thereto have been substantially satisfied. The Company and Executive hereby waive, to the fullest extent permitted by applicable law, any objection which it
or he may now or hereafter have to such jurisdiction and any defense of inconvenient forum. 
 Section 26.        Notices. 
       Any notices given under this Agreement shall be in writing, and delivered or mailed, and if mailed, postage prepaid, certified, return receipt requested and addressed to the Company and to the Employee at
the addresses set forth below, or such other addresses as the Parties may from time to time hereafter designate in writing, such notices to be effective upon receipt by the Party to whom such notice is addressed: 
  

			
	 If to the Company:
	  	 AMEDISYS, INC.

		  	 5959 South Sherwood Forest Boulevard,
 Baton Rouge, Louisiana, 70816

		  	 Attention: Lead Director, Board of Directors

		
	 If to Executive:
	  	 William F. Borne

		  	 5512 Summerlake Drive

		  	 Baton Rouge, LA 70817

 Section 27.        Captions.

 The captions contained in this Agreement are for convenience only and shall not be deemed to control or affect the
meaning or construction of any provision of this Agreement. 
  

 24 

 Section 28.        Counterparts. 

 This Agreement may be executed in two or more counterparts. 
 Section 29.        Section 409A Compliance. 
 This Agreement is intended to comply with Section 409A of the Code (to the extent applicable) and, to the extent it would not
adversely impact the Company, the Company agrees to interpret, apply and administer this Agreement in the least restrictive manner necessary to comply with such requirements and without resulting in any diminution in the value of payments or
benefits to the Executive. 
 IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first written
above. 
  

			
	 AMEDISYS, INC.

		
	 By:
	 	 /s/ Ronald A. LaBorde

	 Name: Ronald A. LaBorde

	 Title: Board of Directors, Lead Director

	
	 EXECUTIVE

	
	 /s/ William F. Borne

	 William F. Borne

  

 25 

 ATTACHMENT 1 
 RELEASE 
 In exchange for certain termination payments, benefits and promises to
which William F. Borne (“Executive”) would not otherwise be entitled, the Executive, knowingly and voluntarily releases Amedisys, Inc., its subsidiaries, affiliates or related corporations, together with its/their officers, directors,
agents, employees and representatives (collectively, the “Company”), of and from any and all claims, demands, obligations, liabilities and causes of action, of whatsoever kind in law or equity, whether known or unknown, which the Executive
has or ever had against the Company on or before the date of the execution of this Release, including but not limited to claims in common law, whether in contract or in tort, and causes of action under the Age Discrimination in Employment Act, 29
U.S.C. Sections 621 et seq., Title VII of the Civil Rights Act of 1964, 42 U.S.C. Sections 2000e et seq., the Employee Retirement Income Security Act, 29 U.S.C. Sections 1001 et seq., the Americans with Disabilities Act, 29 U.S.C. Section 12101
et seq., and all other federal, state or local laws, ordinances or regulations, for any losses, injuries or damages (including compensatory or punitive damages), attorney’s fees and costs arising out of employment or termination from employment
with the Company. 
 Executive acknowledges that he has had a period of twenty-one (21) days from the date of receipt of
this Release to consider it. Executive acknowledges that he has been given the opportunity to consult an attorney prior to executing this Release. This Release shall not become effective or enforceable until seven (7) days following its
execution by Executive. Prior to the expiration of the seven-(7) day period, Executive may revoke Executive’s consent to this Release. 
 Executive acknowledges by executing this Release that Executive has returned to the Company all Company property in Executive’s possession. 
 Executive acknowledges that the terms of this Release and the Executive’s separation of employment are confidential and, unless otherwise required by law or for the purposes of enforcing the
Release or when needed to consult with Executive’s immediate family or tax or legal advisors, neither Executive nor Executive’s agents shall divulge, publish or publicize any such confidential information to any third parties or the media,
or to any current or former employee, customer or client of the Company or its businesses or any of its affiliates. 
 EXECUTIVE ACKNOWLEDGES HE FULLY UNDERSTANDS THE CONTENTS OF THIS RELEASE AND EXECUTES IT FREELY AND VOLUNTARILY, WITHOUT DURESS, COERCION OR UNDUE INFLUENCE. 
  

 

			
	 Signed: 
	 	  

		
	 Date:
	 	  

  

 1 

 ATTACHMENT 2 
 Restricted Areas 
 The following counties, parishes, cities and/or municipalities: 
  

									
		 		 	     Alabama
	 		 	
					
	 Blount
	 	 Jefferson
	 	 Conecuh
	 	 Crenshaw
	 	
	 Etowah
	 	 Jackson
	 	 Covington
	 	 Montgomery
	 	
	 Calhoun
	 	 Bibb
	 	 Autauga
	 	 Pike
	 	
	 Chambers
	 	 Chilton
	 	 Bullock
	 	 Barbour
	 	
	 Randolph
	 	 Shelby
	 	 Dallas
	 	 Coffee
	 	
	 Cherokee
	 	 Tuscaloosa
	 	 Elmore
	 	 Dale
	 	
	 Clay
	 	 Fayette
	 	 Lee
	 	 Geneva
	 	
	 Cleburne
	 	 Greene
	 	 Lowndes
	 	 Henry
	 	
	 Coosa
	 	 Hale
	 	 Macon
	 	 Houston
	 	
	 Talladega
	 	 Lamar
	 	 Russell
	 	 Marion
	 	
	 DeKalb
	 	 Pickens
	 	 Tallapoosa
	 	 Sumter
	 	
	 Marshall
	 	 Baldwin
	 	 Limestone
	 	 Butler
	 	
	 St. Clair
	 	 Clarke
	 	 Madison
	 	 Perry
	 	
	 Cullman
	 	 Escambia
	 	 Morgan
	 	 Wilcox
	 	
	 Walker
	 	 Monroe
	 	 Mobile
	 	 Choctaw
	 	
	 Winston
	 	 Washington
	 	 Autauga
	 	 Marengo
	 	
		 		 	 Limestone
	 		 	
					
		 		 	     Arizona
	 		 	
					
	 Maricopa
	 		 	       Pinal
	 		 	
					
		 		 	     Arkansas
	 		 	
					
	 Crawford
	 	 Sebastian
	 	 Prairie
	 	 Woodruff
	 	
	 Franklin
	 	 Washington
	 	 Faulkner
	 	 Jackson
	 	
	 Johnson
	 	 White
	 	 Independence
	 	 Lonoke
	 	
	 Logan
	 	 Cleburne
	 		 		 	
					
		 		 	       Florida
	 		 	
					
	 Palm Beach
	 	 Polk
	 	 Putnam
	 	 Calhoun
	 	
	 Indian River
	 	 Sarasota
	 	 Sumter
	 	 Franklin
	 	
	 Martin
	 	 Hardee
	 	 Suwannee
	 	 Gadsden
	 	
	 Okeechobee
	 	 Pasco
	 	 Union
	 	 Jackson
	 	
	 St. Lucie
	 	 Pinellas
	 	 Escambia
	 	 Jefferson
	 	
	 Martin
	 	 Broward
	 	 Santa Rosa
	 	 Liberty
	 	
	 Manatee
	 	 Miami-Dade
	 	 Walton
	 	 Madison
	 	
	 Charlotte
	 	 Alachua
	 	 St. Johns
	 	 Wakulla
	 	
	 Collier
	 	 Bradford
	 	 Baker
	 	 Gulf
	 	
	 DeSoto
	 	 Citrus
	 	 Clay
	 	 Washington
	 	
	 Glades
	 	 Columbia
	 	 Duval
	 	 Franklin
	 	
	 Hardee
	 	 Gilchrist
	 	 Flagler
	 	 Holmes
	 	
	 Hendry
	 	 Hernando
	 	 Nassau
	 	 Taylor
	 	

  

 1 

									
	 Highlands
	 	 Lafayette
	 	 Volusia
	 	 Hillsborough
	 	
	 Hillsborough
	 	 Lake
	 	 Dixie
	 	 Orange
	 	
	 Lee
	 	 Levy
	 	 Hamilton
	 	 Osceola
	 	
		 	 Marion
	 	 Leon
	 	 Brevard
	 	
		 	 Okaloosa
	 	 Bay
	 	 Seminole
	 	
					
		 		 	   Georgia
	 		 	
					
	 Fulton
	 	 Cherokee
	 	 Floyd
	 	 Hart
	 	
	 Barrow
	 	 Dawson
	 	 Gilmer
	 	 Oglethorpe
	 	
	 DeKalb
	 	 Douglas
	 	 Gordon
	 	 Rabun
	 	
	 Hall
	 	 Lumpkin
	 	 Murray
	 	 Habersham
	 	
	 Walton
	 	 Paulding
	 	 Pickens
	 	 Stephens
	 	
	 Cobb
	 	 Richmond
	 	 Union
	 	 Baldwin
	 	
	 Forsyth
	 	 Columbia
	 	 Walker
	 	 Bibb
	 	
	 Gwinnett
	 	 Jasper
	 	 Whitfield
	 	 Crawford
	 	
	 Jackson
	 	 Lamar
	 	 Heard
	 	 Jones
	 	
	 Butts
	 	 Pike
	 	 Meriwether
	 	 Monroe
	 	
	 Carroll
	 	 Clarke
	 	 Troup
	 	 Muscogee
	 	
	 Clayton
	 	 Greene
	 	 Upson
	 	 Pulaski
	 	
	 Coweta
	 	 Madison
	 	 Chattooga
	 	 Taylor
	 	
	 Fayette
	 	 Morgan
	 	 Banks
	 	 Schley
	 	
	 Henry
	 	 Oconee
	 	 Walker
	 	 Putman
	 	
	 Newton
	 	 Catoosa
	 	 Towns
	 	 Wilkinson
	 	
	 Rockdale
	 	 Chattanooga
	 	 White
	 	 Polk
	 	
	 Spalding
	 	 Dade
	 	 Elbert
	 	 Lowndes
	 	
	 Bartow
	 	 Fannin
	 	 Franklin
	 		 	
					
		 		 	   Illinois
	 		 	
					
	 DuPage
	 	 DeKalb
	 	 Iroquois
	 	 Kendall
	 	
	 Boone
	 	 Ford
	 	 Kankakee
	 	 Lake
	 	
	 Cook
	 	 Grundy
	 	 Kane
	 	 McHenry
	 	
	 Will
	 		 		 		 	
					
		 		 	   Indiana
	 		 	
					
	 Bartholomew
	 	 Shelby
	 	 Dubois
	 	 Randolph
	 	
	 Brown
	 	 Sullivan
	 	 Huntington
	 	 Wayne
	 	
	 Clay
	 	 Vigo
	 	 Jay
	 	 Clark
	 	
	 Daviess
	 	 Washington
	 	 Kosciusko
	 	 Crawford
	 	
	 Greene
	 	 Gibson
	 	 LaGrange
	 	 Floyd
	 	
	 Hendricks
	 	 Knox
	 	 Noble
	 	 Harrison
	 	
	 Jackson
	 	 Perry
	 	 Steuben
	 	 Jefferson
	 	
	 Jennings
	 	 Pike
	 	 Wabash
	 	 Scott
	 	
	 Johnson
	 	 Posey
	 	 Wells
	 	 Washington
	 	
	 Lawrence
	 	 Spencer
	 	 Whitley
	 	 Jasper
	 	
	 Marion
	 	 Vanderburgh
	 	 Boone
	 	 Lake
	 	
	 Martin
	 	 Warrick
	 	 Delaware
	 	 LaPorte
	 	
	 Monroe
	 	 Allen
	 	 Hamilton
	 	 Newton
	 	
	 Morgan
	 	 Adams
	 	 Hancock
	 	 Porter
	 	

  

 2 

									
	 Orange
	 	 Blackford
	 	 Henry
	 	 Pulaski
	 	
	 Owen
	 	 Elkhart
	 	 Madison
	 	 Starke
	 	
	 Putman
	 	 Grant
	 	 DeKalb
	 		 	
					
		 		 	 Kentucky
	 		 	
					
	 Kenton
	 	 Henry
	 	 Fayette
	 	 Menifee
	 	
	 Boone
	 	 Jefferson
	 	 Montgomery
	 	 Scott
	 	
	 Campbell
	 	 Oldham
	 	 Bath
	 	 Woodford
	 	
	 Anderson
	 	 Spencer
	 	 Clark
	 	 Shelby
	 	
	 Bullitt
	 	 Trimble
	 	 Jessamine
	 		 	
					
		 		 	 Louisiana
	 		 	
					
	 East Baton Rouge
	 	 Allen
	 	 Ascension
	 	 Morehouse
	 	
	 West Baton Rouge
	 	 Avoyelles
	 	 Terrebonne
	 	 Richland
	 	
	 East Feliciana
	 	 Beauregard
	 	 Iberia
	 	 Franklin
	 	
	 West Feliciana
	 	 Catahoula
	 	 Iberville
	 	 E. Bienville
	 	
	 Livingston
	 	 Concordia
	 	 Jefferson
	 	 NE Winn
	 	
	 Assumption
	 	 Evangeline
	 	 Livingston
	 	 NW Tensas
	 	
	 Ascension
	 	 Grant
	 	 Orleans
	 	 NW Catahoula
	 	
	 Point Coupee
	 	 Jefferson Davis
	 	 Plaquemines
	 	 NW Madison
	 	
	 St. James
	 	 LaSalle
	 	 St. Mary
	 	 N. LaSalle
	 	
	 Iberville
	 	 Natchitoches
	 	 St. Martin
	 	 Caldwell
	 	
	 Lafourche
	 	 Rapides
	 	 Lafayette
	 	 E. Carroll
	 	
	 St. John the Baptist
	 	 Vernon
	 	 Orleans
	 	 W. Carroll
	 	
	 Tangipahoa
	 	 Winn
	 	 Plaquemines
	 	 Union
	 	
	 St. Charles
	 	 St. Helena
	 	 St. Bernard
	 	 Lincoln
	 	
	 St. Landry
	 	 St. James
	 	 St. John
	 	 Jackson
	 	
	 St. Martin
	 	 St. Tammany
	 	 Ouachita
	 	 Claiborne
	 	
	 Acadia
	 	 Washington
	 	 St. John
	 	 Vermilion
	 	
	 Iberia
	 	 N. St. Martin
	 	 Plaquemines
	 		 	
					
		 		 	 Maryland
	 		 	
					
	 Anne Arundel
	 	 Baltimore
	 	 Baltimore City
	 	 Harford
	 	
		 	 Prince Georges
	 	 Carroll
	 	 Howard
	 	
					
		 		 	 Michigan
	 		 	
					
	 DuPage
	 	 Livingston
	 	 Oakland
	 	 Washtenaw
	 	
	 Genessee
	 	 McComb
	 	 St. Clair
	 	 Wayne
	 	
	 LaPeer
	 	 Monroe
	 		 		 	
					
		 		 	 Mississippi
	 		 	
					
	 Harrison
	 	 Forrest
	 	 Perry
	 	 Hinds
	 	
	 George
	 	 Jasper
	 	 Simpson
	 	 Issaquena
	 	
	 Hancock
	 	 Jefferson Davis
	 	 Smith
	 	 Jefferson
	 	
	 Jackson
	 	 Jones
	 	 Walthall
	 	 Sharkey
	 	
	 Pearl River
	 	 Lamar
	 	 Wayne
	 	 Warren
	 	

  

 3 

									
	 Stone
	 	 Lawrence
	 	 Claiborne
	 	 Yazoo
	 	
	 Covington
	 	 Marion
	 	 Copiah
	 		 	
					
		 		 	         Missouri
	 		 	
					
	 Crawford
	 	 St. Francois
	 	 Barton
	 	 Dallas
	 	
	 Franklin
	 	 Ste. Genevieve
	 	 Dade
	 	 Greene
	 	
	 Iron
	 	 St. Louis
	 	 Jasper
	 	 Polk
	 	
	 Jefferson
	 	 St. Louis (City)
	 	 Lawrence
	 	 Webster
	 	
	 Madison
	 	 Warren
	 	 Newton
	 		 	
	 St. Charles
	 	 Washington
	 	 Christian
	 		 	
					
		 		 	     North Carolina
	 		 	
					
	 Alamance
	 	 Wake
	 	 Vance
	 	 Johnston
	 	
	 Caswell
	 	 Harnett
	 	 Henderson
	 	 Robeson
	 	
	 Chatham
	 	 Dunn
	 	 Forsyth
	 	 Sampson
	 	
	 Durham
	 	 Guilford
	 	 Nash
	 	 Davidson
	 	
	 Franklin
	 	 Gibsonville
	 	 Randolph
	 	 Davie
	 	
	 Granville
	 	 Johnston
	 	 Rockingham
	 	 Iredell
	 	
	 Lee
	 	 Smithfield
	 	 Cumberland
	 	 Rowan
	 	
	 Orange
	 	 Moore
	 	 Harnett
	 	 Stokes
	 	
	 Person
	 	 Southern Pines
	 	 Hoke
	 	 Surry
	 	
		 		 	 Cabarrus
	 	 Yadkin
	 	
					
		 		 	           Ohio
	 		 	
					
	 Butler
	 	 Madison
	 	 Fayette
	 	 Logan
	 	
	 Clermont
	 	 Union
	 	 Pickaway
	 	 Shelby
	 	
	 Clinton
	 	 Clark
	 	 Franklin
	 	 Fulton
	 	
	 Hamilton
	 	 Miami
	 	 Preble
	 	 Lucas
	 	
	 Warren
	 	 Darke
	 	 Greene
	 	 Ottawa
	 	
	 Champaign
	 	 Montgomery
	 	 Ross
	 	 Wood
	 	
					
		 		 	       Oklahoma
	 		 	
					
	 Cherokee
	 	 Cotton
	 	 Pittsburg
	 	 Grady
	 	
	 Creek
	 	 Washington
	 	 Pontotoc
	 	 Jackson
	 	
	 Craig
	 	 Canadian
	 	 Pottawotomie
	 	 Jefferson
	 	
	 Delaware
	 	 Cleveland
	 	 Seminole
	 	 Kiowa
	 	
	 Lincoln
	 	 Logan
	 	 Atoka
	 	 Tillman
	 	
	 Mayes
	 	 McClain
	 	 Bryan
	 	 Washita
	 	
	 McIntosh
	 	 Oklahoma
	 	 Carter
	 	 Adair
	 	
	 Muskogee
	 	 Alfalfa
	 	 Marshall
	 	 Choctaw
	 	
	 Nowata
	 	 Blaine
	 	 Coal
	 	 McCurtain
	 	
	 Okfuskee
	 	 Garfield
	 	 Garvin
	 	 Ottawa
	 	
	 Okmulgee
	 	 Grant
	 	 Johnston
	 	 Pushmataha
	 	

  

 4 

									
	 Osage
	 	 Kay
	 	 Love
	 	 Sequoyah
	 	
	 Ottawa
	 	 Kingfisher
	 	 McClain
	 	 Haskell
	 	
	 Pawnee
	 	 Major
	 	 Murray
	 	 Latimer
	 	
	 Payne
	 	 Noble
	 	 Stephens
	 	 Leflore
	 	
	 Rogers
	 	 Woods
	 	 Caddo
	 	 Oklahoma
	 	
	 Tulsa
	 	 Hughes
	 	 Comanche
	 		 	
	 Wagoner
	 	 Lincoln
	 		 		 	
					
		 		 	   Pennsylvania
	 		 	
					
	 Lancaster
	 		 		 		 	
					
		 		 	 South Carolina
	 		 	
					
	 Calhoun
	 	 Richland
	 	 Georgetown
	 	 Dorchester
	 	
	 Fairfield
	 	 Horry
	 	 Williamsburg
	 	 Colleton
	 	
	 Kershaw
	 	 Abbeville
	 	 Beaufort
	 	 Hampton
	 	
	 Lexington
	 	 Greenville
	 	 Jasper
	 	 Edgefield
	 	
	 Newberry
	 	 Greenwood
	 	 Berkeley
	 	 Lee
	 	
	 Orangeburg
	 	 Laurens
	 	 Charleston
	 	 Sumter
	 	
					
		 		 	 Tennessee
	 		 	
					
	 Fayette
	 	 Carter
	 	 Hancock
	 	 Roane
	 	
	 Shelby
	 	 Greene
	 	 Jefferson
	 	 Scott
	 	
	 Tipton
	 	 Hawkins
	 	 Knox
	 	 Sevier
	 	
	 Blount
	 	 Johnson
	 	 Sevier
	 	 Clay
	 	
	 Bradley
	 	 Sullivan
	 	 Union
	 	 White
	 	
	 Grundy
	 	 Unicoi
	 	 Benton
	 	 Bedford
	 	
	 Hamilton
	 	 Washington
	 	 Carroll
	 	 Cannon
	 	
	 Marion
	 	 Campbell
	 	 Chester
	 	 Coffee
	 	
	 Polk
	 	 Claiborne
	 	 Crockett
	 	 Rutherford
	 	
	 Anderson
	 	 Cocke
	 	 Decatur
	 	 Cheatham
	 	
	 Fentress
	 	 Grainger
	 	 Dyer
	 	 Dickson
	 	
	 Hardin
	 	 Williamson
	 	 Gibson
	 	 Henry
	 	
	 Loudon
	 	 Wilson
	 	 Hardeman
	 	 Hickman
	 	
	 McMinn
	 	 Davidson
	 	 Hardin
	 	 Houston
	 	
	 McNairy
	 	 DeKalb
	 	 Haywood
	 	 Humphreys
	 	
	 Meigs
	 	 Giles
	 	 Henderson
	 	 Montgomery
	 	
	 Monroe
	 	 Lawrence
	 	 Lauderdale
	 	 Robertson
	 	
	 Warren
	 	 Lewis
	 	 Madison
	 	 Sumner
	 	
	 Bledsoe
	 	 Lincoln
	 	 Obion
	 	 Macon
	 	
	 Cumberland
	 	 Marion
	 	 Weakley
	 	 Smith
	 	
	 Rhea
	 	 Marshall
	 	 Morgan
	 	 Trousdale
	 	
	 Sequatchie
	 	 Maury
	 	 Overton
	 	 Stewart
	 	
	 Van Buren
	 	 Moore
	 	 Pickett
	 	 Franklin
	 	
	 Hamblen
	 		 		 		 	
					
		 		 	     Texas
	 		 	

  

 5 

									
	 Chambers
	 	 Hill
	 	 Denton
	 	 Brazoria
	 	
	 Hardin
	 	 Hood
	 	 Rains
	 	 Fort Bend
	 	
	 Jasper
	 	 Jim Hogg
	 	 Van Zandt
	 	 Galveston
	 	
	 Jefferson
	 	 Jim Wells
	 	 Johnson
	 	 Harris
	 	
	 Liberty
	 	 Kleberg
	 	 Montague
	 	 Montgomery
	 	
	 Newton
	 	 Karnes
	 	 Grayson
	 	 Waller
	 	
	 Orange
	 	 Kenedy
	 	 Hunt
	 	 Brazos
	 	
	 Tyler
	 	 LaSalle
	 	 Rockwall
	 	 Grimes
	 	
	 Aransas
	 	 Lavaca
	 	 Dallas
	 	 Houston
	 	
	 Atascosa
	 	 Live Oak
	 	 Delta
	 	 Leon
	 	
	 Bee
	 	 McMullen
	 	 Ellis
	 	 Madison
	 	
	 Brooks
	 	 Nueces
	 	 Fannin
	 	 Polk
	 	
	 Calhoun
	 	 Refugio
	 	 Henderson
	 	 San Jacinto
	 	
	 DeWitt
	 	 San Patricio
	 	 Hopkins
	 	 Trinity
	 	
	 Duval
	 	 Victoria
	 	 Kaufman
	 	 Walker
	 	
	 Goliad
	 	 Webb
	 	 Parker
	 	 Washington
	 	
	 Jackson
	 	 Wharton
	 	 Tarrant
	 	 Bexar
	 	
	 Cooke
	 	 Collin
	 	 Wise
	 	 Medina
	 	
	 Bandera
	 	 Comal
	 	 Gaudalupe
	 	 Wilson
	 	
					
		 		 	 Virginia
	 		 	
					
	 Alleghany
	 	 Falls Church
	 	 Amelia
	 	 James City
	 	
	 Amherst
	 	 Chesterfield
	 	 Brunswick
	 	 Newport News City
	 	
	 Appromattox
	 	 Richmond
	 	 Charlotte
	 	 Poquoson City
	 	
	 Bedford
	 	 Albermarle
	 	 Dinwiddie
	 	 York
	 	
	 Bedford City
	 	 Augusta
	 	 Lunenburg
	 	 Gloucester
	 	
	 Botetourt
	 	 Buckingham
	 	 Mecklenburg
	 	 Mathews
	 	
	 Campbell
	 	 Charlottesville
	 	 Nottoway
	 	 Williamsburg City
	 	
	 Covington City
	 	 Fluvanna
	 	 Prince Edward
	 	 Chesapeake
	 	
	 Craig
	 	 Greene
	 	 Hanover
	 	 Isle of Wight
	 	
	 Danville City
	 	 Louisa
	 	 King and Queen
	 	 Norfolk
	 	
	 Floyd
	 	 Madison
	 	 New Kent
	 	 Portsmouth
	 	
	 Franklin City
	 	 Nelson
	 	 Greensville
	 	 Suffolk
	 	
	 Henry
	 	 Orange
	 	 Prince George
	 	 Virginia Beach
	 	
	 Lynchburg City
	 	 Staunton City
	 	 Petersburg
	 	 Franklin
	 	
	 Montgomery
	 	 Waynesboro City
	 	 Petersburg City
	 	 Martinsville City
	 	
	 Patrick
	 	 Caroline
	 	 Surry
	 	 Buena Vista City
	 	
	 Pittsylvania
	 	 Culpeper
	 	 Sussex
	 	 Covington
	 	
	 Pulaski
	 	 Essex
	 	 Buchanan
	 	 Lexington
	 	
	 Radford City
	 	 Fauquier
	 	 Dickenson
	 	 Rockbridge
	 	
	 Roanoke
	 	 Fredericksburg City
	 	 Lee
	 	 Salem
	 	
	 Salem City
	 	 King George
	 	 Russell
	 	 Halifax
	 	
	 Alexandria
	 	 Spotsylvania
	 	 Scott
	 	 Lynchburg City
	 	

  

 6 

									
	 Loudoun
	 	 Stafford
	 	 Smyth
	 	 City of Danville
	 	
	 Arlington
	 	 Westmoreland
	 	 Tazewell
	 	 Bland
	 	
	 Manassas
	 	 Cumberland
	 	 Washington
	 	 Carroll
	 	
	 Fairfax
	 	 Goochland
	 	 Wise
	 	 Galax City
	 	
	 Manassas Park
	 	 Hanover
	 	 Bristol
	 	 Giles
	 	
	 Fairfax City
	 	 Henrico
	 	 Charles City
	 	 Grayson
	 	
	 Prince Williams
	 	 Powhatan
	 	 Hampton City
	 	 Radford
	 	
		 		 	 King William
	 	 Wythe
	 	
					
		 		 	 West Virginia
	 		 	
					
	 Boone
	 	 Fayette
	 	 Lincoln
	 	 Putnam
	 	
	 Cabell
	 	 Greenbrier
	 	 Mason
	 	 Raleigh
	 	
	 Calhoun
	 	 Jackson
	 	 Monroe
	 	 Roane
	 	
	 Clay
	 	 Kanawha
	 	 Nicholas
	 	 Summers
	 	

  

 7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00134-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00134-of-00352.parquet"}]]