Document:

Amended and Restated Management Agreement

 Exhibit 10.42 
 AMENDED & RESTATED MANAGEMENT AGREEMENT 
 THIS MANAGEMENT AGREEMENT (the
“Agreement”) is effective as of January 31, 2006 (the “Commencement Date”), between AST Telecom, LLC, a Delaware limited liability company (the “Company”) and Level Best, Inc., an American
Samoa corporation (the “LBI”). 
 RECITALS 
 WHEREAS, the parties entered into that certain Management Agreement, dated as of February 14, 2003 (the “Original Agreement”); the parties desire to amend and restate the terms and provisions of the
Original Agreement as modified hereby. 
 WHEREAS, the Company owns the assets of a telecommunications company operating primarily in
American Samoa and desires the right to maintain its access to experienced business executives to assist the Company in managing its business, executing its strategy and other objectives; 
 WHEREAS, LBI is capable of providing senior business executives, including but not limited to Fay Rose and Nelson Tanaka, to perform management functions
for the Company in American Samoa and Samoa (the “Samoas”); and 
 WHEREAS, the Company wishes to utilize, and LBI is willing to
make available, LBI’s experience in order to further develop the business of the Company. 
 NOW, THEREFORE, in consideration of the
foregoing recitals and the mutual promises hereinafter set forth, the parties agree as follows: 
 1. Services. LBI agrees to provide
the personnel identified in Section 2, below, to perform management functions for the Company’s operations, subject to the policies of the Company as may be in effect from time to time (collectively, the “Services”).

 2. Provision for Services. LBI agrees to provide Fay Rose and Nelson Tanaka to provide the Services to the Company under this
Agreement and the Company agrees to the assignment of such personnel. Specifically, Fay Rose shall be designated as the Chief Technology Officer of the Company in the Samoas and Nelson Tanaka shall be designated as the Chief Operating Officer of the
Company’s PCS and ISP division (knows as the “Blue Sky Division”) in American Samoa. Nelson Tanaka’s duties and responsibilities shall include, but not be limited to, those set forth in Section 2 of the Tanaka Employment
Agreement. All of such personnel of LBI are herein referred to as the “Assigned Personnel”. The parties acknowledge that Nelson Tanaka, LBI and the Company entered into that certain Employment Agreement, dated as of October 12,
2004 (the “Tanaka Employment Agreement”) the terms of which are hereby incorporated herein by reference. To the extent any inconsistency between this Agreement and the terms of the Tanaka Employment Agreement exists, the terms hereof shall
prevail. 

 3. Intentionally deleted. 
 4. Term of Agreement; Termination. This Agreement shall commence on the Commencement Date and (except as set forth below with respect to Nelson
Tanaka) shall continue for a period of three years thereafter (the “Term”). This Agreement may be terminated by: 
 (a) the
Company, without cause, upon at least 30 days prior written notice and upon payment to LBI of a lump sum payment of all remaining fees which would have been payable to LBI for the remainder of the Term under this Agreement, up to a maximum of six
(6) months of fees; provided, however, that if the termination occurs within the first year of the Term, the lump sum payment shall equal the greater of six (6) months or the number of full months remaining in the first year of the term
(plus a pro-rated month, if applicable); 
 (b) either party immediately upon material breach by the other which has not been cured within 30
days of the breaching party’s receipt of written notice of such breach, specifying in reasonable detail the nature of the breach; 
 (c)
mutual written consent; or 
 (d) either party on the date of closing of a transaction involving the sale of substantially all of the
Company’s assets or all of the membership interests of the Company to an unrelated third party. 
 The termination of the Agreement
pursuant to Section 4(b) if LBI is the breaching party, or pursuant to Section 4(c) will not effect any fees owed by the Company to LBI prior to the date of the termination. 
 The parties acknowledge that pursuant to the Tanaka Employment Agreement, the term of Nelson Tanaka’s employment (as extended) shall expire on
January 31, 2007. Accordingly, with respect to Nelson Tanaka’s assignment hereunder, this Agreement shall expire on January 31, 2007. Any person(s) engaged to replace Nelson Tanaka shall be an employee of the Company and not provided
under this Agreement. At such time, Fay Rose will be the only person provided to the Company hereunder. 
 5. Compensation; Expenses.

 5.1 In consideration for the Services, Company shall pay to LBI: 
  

	 	(i)	Initially, Three Hundred and Twenty Eight Thousand Seven Hundred Fifty Dollars ($328,750) per year (the “Fee”), payable in cash in monthly installments of
$27,395.83 at the end of each month during the Term. Such Fee shall be divided as follows: (A) $175,000 to Fay Rose which Fee shall be increased by two and one-half percent (2.5%) at the start of each of the second and third years of the
Term; and (B) $153,750 to Nelson Tanaka which Fee shall be increased by two and one-half percent (2.5%) on the anniversary dates of the Tanaka Employment Agreement. Upon the expiration of the Tanaka Employment Agreement, the aggregate Fee
due hereunder shall be reduced by the amount of Fee then being paid to Nelson Tanaka. 

  

 2 

	 	(ii)	An automobile allowance sufficient for the equivalent of two leased executive automobiles (including auto insurance and fuel), not to exceed the amount projected in the
Company’s annual budget or, in the alternative, provision of such vehicles at Company expense; provided, that Fay Rose’s automobile allowance provided under this subsection (ii) shall be revised following her move to Honolulu as set
forth in Section 5.3(iv), below. 

  

	 	(iii)	A health insurance premium allowance for the individuals assigned to provide Services pursuant to Section 2, not to exceed the amount projected in the Company’s annual
budget. 

  

	 	(iv)	All reasonable out-of-pocket expenses incurred in connection with the performance of the Services which have been approved by the Board in accordance with the Company’s
policies (which may include submission by LBI of appropriate evidence); provided that travel to and from the Samoas by the Assigned Personnel who do not reside in American Samoa shall not be reimbursed by the Company. 

 5.2 Unless otherwise agreed in writing, LBI shall not be entitled to any compensation for the Services (including any employee fringe benefits) beyond
that listed in Section 5.1 above. 
 5.3 In addition to the foregoing, Fay Rose shall be entitled to receive from the Company the
following benefits: 
  

	 	(i)	Housing and Transportation in the Samoas. Subsequent to her move to Hawaii, the Company will provide Fay Rose with reasonable and appropriate housing and transportation for
her use when traveling to the Samoas in connection with the Company’s business. 

  

	 	(ii)	Honolulu Office. The Company will provide Fay Rose with adequate office facilities in the Honolulu area (to be shared with her spouse, Barry Rose) after her move to Honolulu.
Such facilities shall be suitable to her position and adequate for the performance of her duties hereunder. 

  

	 	(iii)	Other Fringe Benefits. Such other fringe benefits as are generally accorded to employees of the Company, including fifty (50%) percent of the cost of health club
membership, and group health insurance or allowance, all subject to the terms and conditions generally applicable to such Company fringe benefit plans. The Company reserves the right to modify or terminate such fringe benefit plans at its
discretion, provided such changes are applicable to all covered Company employees. 

  

	 	(iv)	Automobile Allowance. Following the move to Honolulu, Fay Rose shall be entitled to an automobile allowance of $800 per month. 

  

 3 

 6. Work Product. 
 6.1 Company Property. All writings, drawings and other graphic or recorded materials in any form (including computer programs, or parts thereof) prepared by or for, or disclosed to, LBI and/or the Assigned
Personnel shall be the exclusive property of Company (or its client(s), as the case may be), and all originals and copies thereof shall be delivered by LBI and/or the Assigned Personnel to Company upon completion of the Services, termination of this
Agreement, or at such other time as Company may request. LBI agrees that such work product is “work made for hire” as such term is defined under the United States Copyright Act of 1976, as amended (the “Act”), and shall belong
solely and exclusively to Company; and further agrees that, to the extent that LBI’s and/or the Assigned Personnel’s work product does not constitute “work made for hire” under the Act, it shall and hereby does irrevocably assign
all rights, title and interest in and to all copyrights to Company and it shall provide the Company with a similar written assignment by the Assigned Personnel. 
 6.2 Inventions. Any and all inventions, products, processes, designs, ideas and discoveries, as well as improvements thereof, whether or not patentable, that are conceived or developed by LBI and/or the
Assigned Personnel (collectively, “Developments”) shall be Company’s sole and exclusive property. LBI and/or the Assigned Personnel shall promptly notify Company of any and all such Developments which it or they, individually or
jointly with others, may conceive or develop during the term hereof, and LBI and/or the Assigned Personnel shall cooperate fully with Company (at Company’s expense) in applying for and securing patents or other legal protection for Developments
in any and all countries. 
 6.3 Return of Company Property. LBI and/or the Assigned Personnel shall, at any time upon Company’s
request, promptly deliver to Company the originals and all copies of any Company property that is in LBI’s and/or the Assigned Personnels’ possession, custody or control; and LBI and/or the Assigned Personnel shall return all Company
property to Company immediately upon termination of this Agreement. 
 7. Confidentiality and Non-Disclosure. 
 7.1 Definition. “Confidential Information” means any and all information, in any form (graphic, electronic or otherwise), about Company,
its business, operations, products or financial affairs, including, without limitation, all information compiled or generated by LBI and/or the Assigned Personnel, trade secrets of Company, technical or non-technical data, software, formulae, actual
or potential customer lists, business plans, financial information, properties, methods of operation, marketing information or plans, information relating to accounting, marketing, or any client or prospective client of Company, client lists, client
account records, training and operations material and memoranda, personnel records, and pricing information. 
 7.2 Nondisclosure.
During the term hereof and for three years thereafter, LBI and/or the Assigned Personnel agree that they will treat as confidential and hold in trust for Company the Confidential Information; and that they will not, without Company’s prior
written approval, (i) use (including without limitation copying) the Confidential Information other than in the performance of the Services; or (ii) disclose any Confidential Information to any third party; provided that LBI’s and/or
the Assigned Personnel confidentiality and nondisclosure obligations hereunder with respect to trade secrets shall be limited to the longest period permitted under law. 
  

 4 

 7.3 Exclusions. The confidentiality and nondisclosure obligations of this Section 7 shall not
apply to any Confidential Information which was (i) known to LBI and/or the Assigned Personnel prior to engagement by the Company in February 2003, or (ii) already known to the public without any breach of any confidentiality obligation by
LBI and the Assigned Personnel, or (iii) lawfully obtained from a third party by LBI and/or the Assigned Personnel, or (iv) required to be disclosed pursuant to a valid order of a court or pursuant to a valid order or written request from
a governmental authority; provided, that Company is given timely notice of such requirement and LBI and the Assigned Personnel cooperates with Company in any effort to limit the disclosure of such information by protective order or otherwise.

 8. Independent Contractor. At all times during the term of this Agreement, LBI is and shall be an independent contractor in
providing the Services hereunder. LBI is solely responsible for the conduct and control of the Services and the Assigned Personnel and is not an employee of Company for any purpose. LBI is solely responsible for and shall pay all its own federal,
state and local income taxes, and any other similar obligations, under any law or regulation, domestic or foreign, arising from the Assigned Personnel, its performance of this Agreement or receipt of compensation therefor. Nothing contained in this
Agreement shall be deemed or construed to create a partnership or joint venture, to create the relationships of employee/employer or principal/agent, or otherwise create any liability whatsoever as partner, joint venturer, employer, employee,
principal, or agent for either the Company or LBI with respect to the indebtedness, liabilities, or obligations of each other or of any other person or entity. In no event will the Company be required to pay to, or on behalf of LBI, any federal,
state or local withholding or income taxes of any nature with respect to the fees and benefits payable to LBI for its services as a consultant unless in the reasonable opinion of the Company, it is required to do so. 
 9. Insurance Coverage; Limitation of Liability. 
 9.1 Insurance. LBI shall carry, and, upon written request, provide Company a certificate evidencing the following coverages which shall be maintained by LBI during the term of this Agreement: 
  

	 	(i)	Employer’s liability and worker’s compensation insurance as required by the laws of the jurisdiction in which the Services are being performed; and

  

	 	(ii)	Comprehensive general liability and property damage insurance, all on an occurrence basis, underwritten by a reputable insurance carrier, with single limit coverage for personal and
bodily injury and property damage of at least $500,000 for each occurrence and $1,000,000 maximum coverage. 

 9.2
Limitation of Liability. In no event shall either party be liable to the other for any consequential, incidental or special damages (including but not limited to loss of profits or revenues or other indirect damages), whether a claim for any
such liability or damages is premised upon breach of contract, breach of warranty, fulfillment of warranty, negligence, strict liability, misrepresentation, fraud, or any other theories of liability, even if a party has been apprised of the
possibility or likelihood of such damages occurring. 
  

 5 

 10. Notices. All notices, requests, demands and other communications hereunder shall be in writing
and shall be personally delivered, delivered by telex, email or facsimile transmission or overnight courier service, or mailed, certified with first class postage prepaid, to the addresses set forth below: 
  

			
	If to the Company, to:
		
		 	 AST Telecom, LLC

		
		 	 eLandia Solutions, Inc.

		 	 1500 Cordova Road, Suite 300

		 	 Fort Lauderdale, Florida 33316

		 	 Attention: President

		 	 Facsimile no: (954) 728-9080

	
	If to LBI, to:
		
		 	 Level Best, Inc.

		 	 c/o Rose Joneson Vargas, P.C.

		 	 P.O. Box 3501

		 	 Pago Pago, American Samoa 96799

		 	 Attn: Barry Rose, Esq.

		 	 Fax: 684-699-2105

		 	 email: barry@rose-joneson.com

 Notices shall be deemed received on the date sent if personally delivered or delivered by telex, email or
facsimile transmission (if receipt is electronically confirmed at the time of such transmission), or on the third day following the date sent, if mailed in accordance with this Section, or on the day specified for delivery to the courier service (if
such day is one on which the courier service will give normal assurances that such specified delivery will be made). Any notice, request, demand, or other communication given otherwise than in accordance with this Section shall be deemed to have
been given on the date actually received. Any party may change its address for purposes of this Section by giving written notice of such change to all other parties in the manner provided above. 
 11. Binding Effect. This Agreement shall be binding upon LBI and the Company and their respective successors, assigns, and representatives. By
joinder hereto each of the Assigned Personnel as of the date hereof agree to be bound by the terms hereof. 
 12. Assignment. Neither
this Agreement nor the rights and obligations hereunder may be assigned by operation of law or otherwise without the express consent of the other party (which consent may be granted or withheld in the sole discretion of such other party).

 13. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Florida without
giving effect to any choice or conflict of law provision or rule that would cause the application of the laws of any jurisdiction other than those of the State of Florida. The parties hereto hereby agree to accept service of process from and to
exclusive venue in the courts of competent jurisdiction in Broward County, Florida. 
 14. Severability. If any provision of this
Agreement is declared unenforceable, all other provisions of this Agreement will nevertheless remain in full force and effect. In addition, if any 

  

 6 

 
provision of this Agreement is declared to violate an FCC rule, regulation or policy, that provision shall be treated by the parties as unenforceable, and
all other provisions of the Agreement will nevertheless remain in full force and effect. Upon such determination that any provision is unenforceable, the parties will negotiate in good faith to modify this Agreement so as to effect the original
intent of the parties as closely as possible. 
 15. Counterparts; Facsimile. This Agreement may be executed in a number of identical
counterparts, and by facsimile signatures, each of which, for all purposes, is to be deemed an original, and all of which constitute, collectively, one agreement; but in making proof of this Agreement, it shall not be necessary to produce or account
for more than one such counterpart. 
 16. Amendment. This Agreement may be amended or modified only by a writing that is signed by
duly authorized representatives of both parties. 
 17. Entire Agreement. This Agreement constitutes the entire agreement of the
parties hereto with respect to the subject matter hereof and supersedes all prior agreements and undertakings, both written and oral, among the parties hereto with respect to the subject matter. 
 18. Headings. The various titles of the paragraphs, captions, headings, and arrangements herein are used solely for convenience, shall not be used
for interpreting this Agreement, and do not in any way affect, limit, amplify, or modify the terms hereof. 
 19. Original Agreement.
Except as provided in Section 2, above, with respect to Nelson Tanaka’s duties, this Agreement supercedes and replaces in all respects the Original Agreement. 
  

 7 

 IN WITNESS WHEREOF, the undersigned have executed this Management Agreement as of the date first above
written. 
  

									
	COMPANY:	 		 	LBI:
			
	AST TELECOM, LLC	 		 	 LEVEL BEST, INC.

		 		 		 		  	
	By:	 	 /s/ Daniel Bogar
	 		 	By:	  	 /s/ Barry Rose

		 	 Daniel Bogar,
 Manager
	 		 		  	 Barry Rose,
 President

		 		 		 		  	
	By:	 	 /s/ Osvaldo Pi
	 		 		  	
		 	 Osvaldo Pi,
 Manager
	 		 		  	

  

 8Form of Stock Award Agreement under the Microsoft Corporation 2001 Stock Plan

  
 Exhibit 10.8 
 STOCK AWARD AGREEMENT UNDER 
 THE MICROSOFT CORPORATION
2001 STOCK PLAN 
 Award Number <<GrantIdentifier>> 
 1.    Award of Stock Awards.    Microsoft Corporation (hereinafter the “Company”), in the exercise of its sole discretion pursuant to the Microsoft Corporation 2001 Stock Plan (the
“Plan”), does on <<GrantDate>> (the “Award Date”) hereby award to <<FullName>> (the “Awardee”) <<SharesGrantedQuantity>> Stock Awards (“SAs”) upon the terms and subject
to the conditions hereinafter contained. Capitalized terms used but not defined herein shall have the meanings assigned to them in the Plan. SAs represent the Company’s unfunded and unsecured promise to issue Common Shares at a future
date, subject to the terms of this Award Agreement and the Plan. Awardee has no rights under the SAs other than the rights of a general unsecured creditor of the Company. 
 2.    Vesting Schedule and Conversion of SAs.    (a)    Subject to the terms of this Award
Agreement and the Plan and provided that Awardee remains continuously employed throughout the vesting periods set out below, the SAs shall vest and be converted into an equivalent number of Common Shares that will be distributed to the Awardee as
follows; provided that fractional SAs shall be converted into Common Shares as set out in Section 9(c) of this Award Agreement: 
  

			
	Vesting Date	  	Percentage
of SAs
	 	  	  
	 	  	  
	 	  	  
	 	  	  
	 	  	  

 (b)    THE AWARDEE’S RIGHTS IN THE SAs SHALL BE AFFECTED, WITH REGARD TO BOTH
VESTING SCHEDULE AND TERMINATION, BY LEAVES OF ABSENCE, CHANGES IN THE NUMBER OF HOURS WORKED, PARTIAL DISABILITY, AND OTHER CHANGES IN AWARDEE’S EMPLOYMENT STATUS AS PROVIDED IN THE COMPANY’S CURRENT POLICIES IN SUCH
MATTERS. ACCOMPANYING THIS AWARD AGREEMENT IS A CURRENT COPY OF THE COMPANY’S POLICIES IN SUCH MATTERS. THESE POLICIES MAY CHANGE FROM TIME TO TIME WITHOUT NOTICE IN THE COMPANY’S SOLE DISCRETION, AND AWARDEE’S RIGHTS WILL
BE GOVERNED BY THE POLICIES IN EFFECT AT THE TIME OF ANY EMPLOYMENT STATUS CHANGE. CONTACT “STOCK” FOR A COPY OF THE MOST CURRENT POLICY STATEMENT AT ANY POINT IN TIME. 
 3.    Termination.    Unless terminated earlier under Section 4, 5, or 6 below, an Awardee’s rights under
this Award Agreement with respect to the SAs issued under this Award Agreement shall terminate at the time such SAs are converted into Common Shares. 
 4.    Termination of Awardee’s Status as a Participant.    Except as otherwise specified in Section 5, 6, and 7 below, in the event of termination of Awardee’s Continuous Status
as a Participant (as such term is defined in Section 2(j) of the Plan), Awardee’s rights under this Award Agreement in any unvested SAs shall terminate. For the avoidance of doubt, an Awardee’s Continuous Status as a Participant
terminates at the time the Awardee’s actual employer ceases to be the Company or a “Subsidiary” of the Company, as that term is defined in Section 2(z) of the Plan, and as further described in Section 11(g) of this Award
Agreement. 
 5.    Disability of Awardee.    Notwithstanding the provisions of Section 4 above, in
the event of termination of Awardee’s Continuous Status as a Participant as a result of total and permanent disability (as such term is defined in Section 12(c) of the Plan), the next vesting date for the SAs, set out in Section 2(a),
above, shall accelerate by twelve (12) months as of such date of termination. If Awardee’s disability originally required him or her to take a short-term disability leave which was later converted into long-term disability, then for
the purposes of the preceding sentence the date on which Awardee ceased performing services shall be deemed to be the date of commencement of the short-term disability leave. The Awardee’s rights in any unvested SAs that remain unvested
after the application of this Section 5 shall terminate at the time Awardee ceases to be in Continuous Status as a Participant. 
  

			
	PAGE	 	1

  
 6.    Death of
Awardee.    Notwithstanding the provisions of Section 4 above, in the event of the death of Awardee: 
 (a)    If Awardee is, at the time of death, in Continuous Status as a Participant, the next vesting date for the SAs, set out in Section 2(a) above, shall accelerate by twelve (12) months as of the date of
death. 
 (b)    The Awardee’s rights in any unvested SAs that remain after the application of Section 6(a) shall
terminate at the time of the Awardee’s death. 
 7.    Retirement of Awardee.    Notwithstanding the
provisions of Section 4 above, in the event of the Awardee’s Retirement, the Awardee shall be treated as continuously employed through the vesting periods in Section 2(a) above. For this purpose, “Retirement” means
termination of employment with the Company or its direct and indirect subsidiaries after the earlier of (a) age 65, or (b) attaining age 55 and 15 years of Continuous Service. 
 This Section 7 will only apply to a Retirement if (a) the Retirement is more than one year after the Award Date, (b) the Awardee executes a release
in conjunction with the Retirement in the form provided by the Company, and (c) the Awardee’s employment does not terminate due to misconduct (as determined in the Committee’s sole discretion), including but not limited to misconduct
in violation of Company policy and misconduct that adversely affects the Company’s interests or reputation. 
 For purposes of this Section 7,
“Continuous Service” means that the Awardee has continuously remained an employee of the Company or its direct and indirect subsidiaries, measured from the Awardee’s “most recent hire date” as reflected in the Company
records. For an Awardee who became an employee of the Company following the acquisition of his or her employer by the Company or its direct or indirect subsidiaries, service with the acquired employer shall count toward Continuous Service, and
Continuous Service shall be measured from the Awardee’s acquired company hire date as reflected in the Company’s records. 
 8.    Value of Unvested SAs.    In consideration of the award of these SAs, Awardee agrees that upon and following termination of Awardee’s Continuous Status as a Participant for any
reason (whether or not in breach of applicable laws), and regardless of whether Awardee is terminated with or without cause, notice, or pre-termination procedure or whether Awardee asserts or prevails on a claim that Awardee’s employment was
terminable only for cause or only with notice or pre-termination procedure, any unvested SAs under this Award Agreement shall be deemed to have a value of zero dollars ($0.00). 
 9.    Conversion of SAs to Common Shares; Responsibility for Taxes.
 (a)    Provided Awardee has satisfied the requirements of Section 9(b) below, on the vesting of any SAs, such vested SAs shall be converted
into an equivalent number of Common Shares that will be distributed to Awardee 10 days after the date of the vesting event or, in the event of the Awardee’s death, to Awardee’s legal representative 10 days after such representative
provides proof of death to, and in the manner prescribed by, the Company. The distribution to the Awardee, or in the case of the Awardee’s death, to the Awardee’s legal representative, of Common Shares in respect of the vested SAs
shall be evidenced by a stock certificate, appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company, or other appropriate means as determined by the Company. In the event ownership or issuance of
Common Shares is not feasible due to applicable exchange controls, securities regulations, tax laws or other provisions of applicable law, as determined by the Company in its sole discretion, Awardee, or in the event of Awardee’s death, the
Awardee’s legal representative, shall receive cash proceeds in an amount equal to the value of the Common Shares otherwise distributable to Awardee, net of the satisfaction of the requirements of Section 9(b) below. 
 (b)    Regardless of any action the Company or Awardee’s actual employer takes with respect to any or all income tax (including federal,
state and local taxes), social insurance, payroll tax or other tax-related withholding (“Tax Related Items”), Awardee acknowledges that the ultimate liability for all Tax Related Items legally due by Awardee is and remains Awardee’s
responsibility and that the Company and/or the Awardee’s actual employer (i) make no representations or undertakings regarding the treatment of any Tax Related Items in connection with any aspect of the SAs, including the grant of the SAs,
the vesting of SAs, the conversion of the SAs into Common Shares or the receipt of an equivalent cash payment, the subsequent sale of any Common Shares acquired at vesting and the receipt of any dividends; and (ii) do not commit to structure
the terms of the grant or any aspect of the SAs to reduce or eliminate the Awardee’s liability for Tax Related Items. 
 Prior to the issuance of
Common Shares upon vesting of SAs or the receipt of an equivalent cash payment as provided in Section 9(a) above, Awardee shall pay, or make adequate arrangements satisfactory to the Company or to the Awardee’s actual employer (in their
sole discretion) to satisfy all withholding obligations of the Company and/or the Awardee’s actual employer. In this regard, Awardee authorizes the Company or the Awardee’s actual employer to withhold all applicable Tax Related Items
legally payable by Awardee from Awardee’s wages or other cash compensation payable to Awardee by the Company or the Awardee’s actual employer. Alternatively, or in addition, if 

  

			
	PAGE	 	2

  
 
permissible under applicable law, the Company or the Awardee’s actual employer may, in their sole discretion, (i) sell or arrange for the sale of Common
Shares to be issued on the vesting of SAs to satisfy the withholding obligation, and/or (ii) withhold in Common Shares, provided that the Company and the Awardee’s actual employer shall withhold only the amount of shares necessary to
satisfy the minimum withholding amount. Awardee shall pay to the Company or to the Awardee’s actual employer any amount of Tax Related Items that the Company or the Awardee’s actual employer may be required to withhold as a result of
Awardee’s receipt of SAs, the vesting of SAs, or the conversion of vested SAs to Common Shares that cannot be satisfied by the means previously described. Except where applicable legal or regulatory provisions prohibit, the standard
process for the payment of an Awardee’s Tax Related Items shall be for the Company or the Awardee’s actual employer to withhold in Common Shares only to the amount of shares necessary to satisfy the minimum withholding amount. The
Company may refuse to deliver Common Shares to Awardee if Awardee fails to comply with Awardee’s obligation in connection with the Tax Related Items as described herein.
 (c)    In lieu of issuing fractional Common Shares, on the vesting of a fraction of a SA, the Company shall round the shares to the nearest
whole share and any such share which represents a fraction of a SA will be included in a subsequent vest date. 
 (d)    Until the
distribution to Awardee of the Common Shares in respect to the vested SAs is evidenced by a stock certificate, appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company, or other appropriate means, Awardee
shall have no right to vote or receive dividends or any other rights as a shareholder with respect to such Common Shares, notwithstanding the vesting of SAs. The Company shall cause such distribution to Awardee to occur upon the vesting of SAs
in accordance with Section 9(a) above. No adjustment will be made for a dividend or other right for which the record date is prior to the date Awardee is recorded as the owner of the Common Shares, except as provided in Section 14 of
the Plan. 
 (e)    By accepting the Award of SAs evidenced by this Award Agreement, Awardee agrees not to sell any of the Common
Shares received on account of vested SAs at a time when applicable laws or Company policies prohibit a sale. This restriction shall apply so long as Awardee is an Employee, Consultant or outside director of the Company or a Subsidiary of the
Company. 
 10.    Non-Transferability of SAs.    Awardee’s right in the SAs awarded under this
Award Agreement and any interest therein may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner, other than by will or by the laws of descent or distribution, prior to the distribution of the Common Shares in
respect of such SAs. SAs shall not be subject to execution, attachment or other process. 
 11.    Acknowledgment of Nature
of Plan and SAs.    In accepting the Award, Awardee acknowledges that: 
 (a)    the Plan is established
voluntarily by the Company, it is discretionary in nature and may be modified, amended, suspended or terminated by the Company at any time, as provided in the Plan; 
 (b)    the Award of SAs is voluntary and occasional and does not create any contractual or other right to receive future awards of SAs, or benefits in lieu of SAs even if SAs have been awarded repeatedly in
the past; 
 (c)    all decisions with respect to future awards, if any, will be at the sole discretion of the Company; 

(d)    Awardee’s participation in the Plan is voluntary; 
 (e)    the future value of the underlying Common Shares is unknown and cannot be predicted with certainty; 
 (f)    if Awardee receives Common Shares, the value of such Common Shares acquired on vesting of SAs may increase or decrease in value; 
 (g)    notwithstanding any terms or conditions of the Plan to the contrary and consistent with Section 4, above, in the event of involuntary termination of Awardee’s employment under circumstances
where Section 7 does not apply (whether or not in breach of applicable laws), Awardee’s right to receive SAs and vest under the Plan, if any, will terminate effective as of the date that Awardee is no longer actively employed and will not
be extended by any notice period mandated under applicable law; furthermore, in the event of involuntary termination of employment under circumstances where Section 7 does not apply (whether or not in breach of applicable laws), Awardee’s
right to receive Common Shares pursuant to the SAs after termination of employment, if any, will be measured by the date of termination of Awardee’s active employment and will not be extended by any notice period mandated under applicable law;
the Committee shall have the exclusive discretion to determine when Awardee is no longer actively employed for purposes of the award of SAs; and 
 (h)    Awardee acknowledges and agrees that, regardless of whether Awardee is terminated with or without cause, notice or pre-termination procedure or whether Awardee asserts or prevails on a claim that Awardee’s
employment was terminable only for cause or only with notice or pre-termination procedure, Awardee has no right to, and will not 

  

			
	PAGE	 	3

  
 
bring any legal claim or action for, (a) any damages for any portion of the SAs that have been vested and converted into Common Shares, or (b) termination of
any unvested SAs under this Award Agreement.
 12.    No Employment Right.    Awardee acknowledges that
neither the fact of this Award of SAs nor any provision of this Award Agreement or the Plan or the policies adopted pursuant to the Plan shall confer upon Awardee any right with respect to employment or continuation of current employment with the
Company or with the Awardee’s actual employer, or to employment that is not terminable at will. Awardee further acknowledges and agrees that neither the Plan nor this Award of SAs makes Awardee’s employment with the Company or the
Awardee’s actual employer for any minimum or fixed period, and that such employment is subject to the mutual consent of Awardee and the Company or the Awardee’s actual employer, and may be terminated by either Awardee or the Company or the
Awardee’s actual employer at any time, for any reason or no reason, with or without cause or notice or any kind of pre- or post-termination warning, discipline or procedure. 
 13.    Administration.    The authority to manage and control the operation and administration of this Award
Agreement shall be vested in the Committee (as such term is defined in Section 2(f) of the Plan), and the Committee shall have all powers and discretion with respect to this Award Agreement as it has with respect to the Plan. Any
interpretation of the Award Agreement by the Committee and any decision made by the Committee with respect to the Award Agreement shall be final and binding on all parties. 
 14.    Plan Governs.    Notwithstanding anything in this Award Agreement to the contrary, the terms of this Award
Agreement shall be subject to the terms of the Plan, and this Award Agreement is subject to all interpretations, amendments, rules and regulations promulgated by the Committee from time to time pursuant to the Plan. 
 15.    Notices.    Any written notices provided for in this Award Agreement which are sent by mail shall be deemed
received three business days after mailing, but not later than the date of actual receipt. Notices shall be directed, if to Awardee, at the Awardee’s address indicated by the Company’s records and, if to the Company, at the
Company’s principal executive office. 
 16.    Electronic Delivery.    The Company may, in its sole
discretion, decide to deliver any documents related to SAs awarded under the Plan or future SAs that may be awarded under the Plan by electronic means or request Awardee’s consent to participate in the Plan by electronic means. Awardee
hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an on-line or electronic system established and maintained by the Company or another third party designated by the Company. 
 17.    Acknowledgment.    By Awardee’s acceptance as evidenced below, Awardee acknowledges that Awardee has
received and has read, understood and accepted all the terms, conditions and restrictions of this Award Agreement, the Plan, and the current policies referenced in Section 2(b) of this Award Agreement. Awardee understands and agrees that
this Award Agreement is subject to all the terms, conditions, and restrictions stated in this Award Agreement and in the other documents referenced in the preceding sentence, as the latter may be amended from time to time in the Company’s sole
discretion. Awardee further acknowledges that Awardee must accept this Award Agreement in the manner prescribed by the Company no later than the earlier of the first anniversary of Award Date or the first vesting date specified in Section 2(a)
of this Award Agreement. 
 18.    Board Approval.    These SAs have been awarded pursuant to the Plan
and accordingly this Award of SAs is subject to approval by an authorized committee of the Board of Directors. If this Award of SAs has not already been approved, the Company agrees to submit this Award for approval as soon as
practical. If such approval is not obtained, this award is null and void. 
 19.    Governing
Law.    This Award Agreement shall be governed by the laws of the State of Washington, U.S.A., without regard to Washington laws that might cause other law to govern under applicable principles of conflicts of law.

20.    Severability.    If one or more of the provisions of this Award Agreement shall be held invalid, illegal or
unenforceable in any respect, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby and the invalid, illegal or unenforceable provisions shall be deemed null and void; however, to
the extent permissible by law, any provisions which could be deemed null and void shall first be construed, interpreted or revised retroactively to permit this Award Agreement to be construed so as to foster the intent of this Award Agreement and
the Plan. 
 21.    Complete Award Agreement and Amendment.    This Award Agreement, the Notice of
Receipt of Stock Awards (if any), and the Plan constitute the entire agreement between Awardee and the Company regarding SAs. Any prior agreements, commitments or negotiations concerning these SAs are superseded. This Award Agreement may
be amended only by written agreement of Awardee and the Company, without consent of any other person. Awardee 

  

			
	PAGE	 	4

  
 
agrees not to rely on any oral information regarding this Award of SAs or any written materials not identified in this Section 21. 
 EXECUTED the day and year first above written. 
 MICROSOFT CORPORATION 
 Lisa Brummel,
 /s/ Lisa Brummel 
 Senior Vice President, Human Resources 
 AWARDEE’S ACCEPTANCE: 
 I have read and fully understood this Award Agreement and, as referenced in Section 17 above, I accept and agree to be bound by all of the terms, conditions and restrictions contained in this Award Agreement and the other documents
referenced in it. I intend to express my acceptance of the Award and this Award Agreement by typing my name in the Awardee acceptance window provided in “step 2” of the award acceptance checklist, and I further intend the typing of my
name to have the same force and effect in all respects as a handwritten signature. 
  

			
	PAGE	 	5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00109-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00109-of-00352.parquet"}]]