Document:

Exhibit 10.17

 

纽顿NWTN新能源汽车总部项目

 

NWTN New Energy Vehicle Headquarters Project

 

投资协议

 

Investment Agreement

 

 

 

甲
方Party A:金华金义新区招商服务有限公司
Jinhua Jinyi New Area Investment Service Co., Ltd

 

 

 

乙 方Party
B:ICONIQ Holding Limited

 

 

 

 

     

     

    

 

项目投资协议书

 

Project Investment Agreement

 

甲方:金华金义新区招商服务有限公司

 

Party A: Jinhua Jinyi New Area Investment Service
Co., Ltd

 

代表人∶

 

Representative:

 

乙方:ICONIQ
Holding Limited(艾康尼克控股公司)

 

Party B: ICONIQ Holding Limited
(ICONIQ Holding)

 

代表人∶

 

Representative:

 

经甲乙双方友好协商,现就乙方在金华金义新区投资建设纽顿NWTN新能源汽车总部项目达成如下协议。

 

After friendly negotiation
between Party A and Party B, the following agreement is reached on Party B's investment in the construction of NWTN new energy vehicle
headquarters project in Jinhua Jinyi New District.

 

一、项目目标Project
Objectives

 

乙方拟在金华设立全资子公司,作为纽顿中国总部,承担新能源汽车研发、采购、生产、销售总部功能。金华公司承担本项目的落地全部事宜,充分发挥乙方在技术及生态方面的优势,建设纽顿NWTN新能源汽车基地,推进甲方区域新能源汽车产业的集聚发展。

 

Party B intends to establish
a wholly-owned subsidiary in Jinhua as NWTN's China headquarters to assume the functions of new energy vehicle R&D, procurement, production
and sales headquarters. Jinhua will undertake all the landing matters of this project, fully leveraging Party B's competitive advantages
in EV technology and ecosystem, build the NWTN new energy vehicle base and promote the systematic development of the new energy vehicle
industry in Party A's region.

 

二、项目内容Project
Content

 

乙方拟在金义新区投资建设纽顿NWTN新能源汽车总部项目。

 

Party B intends to invest in the
construction of NWTN new energy vehicle headquarters project in Jinyi New District.

 

投资协议签订后至生产基地投产前,建设内容包括中国总部、采购中心、结算中心和研发中心。

 

After the investment agreement
is signed until the production base becomes operational, the construction will include China headquarters, procurement center, settlement
center and R&D center.

 

    — 1 —

     

    

 

(一)项目场地Project
Location 

 

1.过渡场地:甲方提供场地用于乙方研发办公、销售、展示等功能,以及高管公寓及员工住房,水电费、物业费等由乙方自行承担。并给予1000万元落地扶持,落地扶持条款在补充协议中约定。

 

Transitional site: Party
A provides space for Party B's R&D office, sales and display functions, as well as executive apartments and staff housing, with utilities
and property fees borne by Party B itself. And CNY 10 million landing support will be given, whose terms will be agreed in the supplementary
agreement.

 

2.代建厂房:项目需工业用地由甲方下属国企金义新区发展集团进行代建,建设完成后租赁给乙方使用5-8年,租金享受“两免三减半”;租赁期满后由乙方回购,回购金额=建造成本+建造成本×8%/年的利息-已付租金,具体租赁合同及回购合同另行约定。

 

Contract factory construction
of the project: 

 

The project requires industrial
land, which will be constructed upon by the Jinyi New Area Development Group, a state-owned enterprise under Party A, and leased to Party
B for 5 to 8 years after the completion of the construction, and the rent will be "two years free and three years halved". After
the expiration of the lease period, Party B can buy it back at = construction cost + construction cost x 8%/year interest - rents paid,
the specific lease contract and buyback contract will be agreed separately.

 

(二)资金补助Financial
Assistance

 

资金补助方案由乙方提出申请,报甲方审核通过后采取“以奖代补”的形式进行奖励,按程序一般15个工作日内拨付完成。

 

The financial assistance program
is applied by Party B to Party A for review under the principal of "award in lieu of subsidies" in the form of incentives, which
are granted in line with general procedures within 15 working days from the application.

 

1.甲方下属国企金义发展集团通过PIPE方式锁定对乙方2亿美元的美股上市公司增发(具体约定以PIPE投资协议及补充协议约定为准)。

 

Jingyi Development Group,
a state-owned enterprise under Party A, commits to a US$200 million PIPE subscription into Party B's US-listed company (the specific agreement
is subject to the PIPE investment agreement and supplemental agreement).

 

2.乙方金华公司注册运营后,前两年(24个月)内上交的税收,金义新区地方财政综合贡献额的100%奖励给金华公司,后三年上交税收,金义新区地方财政综合贡献额的50%奖励给金华公司,每年4月底前根据税务部门和乙方金华公司提供的纳税材料给予兑现。

 

After the registration and
operation of Party B's Jinhua Company, 100% of the comprehensive contribution to the local finance of Jinyi New Area will be rewarded
to the Jinhua Company for the taxes paid within the first two years (24 months), and 50% of the comprehensive contribution to local finance
of Jinyi New Area will be rewarded to Jinhua Company for the taxes paid in the next three years, which will be given by the end of April
each year per tax filings provided by the taxation department and by Party B's Jinhua Company.

 

3.甲方给予乙方金华公司分期提供不超过2亿元人民币贷款的贴息扶持,连续3年按中国人民银行同期贷款基准利率给予100%贴息,一年拨付一次。

 

Party A provides Party B's
Jinhua Company with interest discount support for loans not exceeding CNY 200 million in phases, with 100% interest discount for three
consecutive years at the People's Bank of China's benchmark interest rate for the same period, to be disbursed once a year.

 

    — 2 —

     

    

 

4.乙方在金义新区注册公司后,对新认定为国家高新技术企业、获得政府质量奖的,按照金华市有关政策享受。

 

After Party B registers its
company in Jinyi New Area, it will enjoy the policy benefits available to newly recognized national high-tech enterprises and the government
quality award in accordance with the relevant policies of Jinhua City.

 

5.乙方在金义新区注册公司后,获得国家知识产权局的发明专利授权、软件著作权等,当地政府参照《浙江省专利专项资金管理办法》、《浙江省知识产权保护与管理专项资金管理办法》给予资金奖励。

 

After Party B registers the
company in Jinyi New Area and obtains the authorization of invention patents and software copyrights from the State Intellectual Property
Office, the local government will grant financial rewards according to the Measures for the Management of Special Funds for Patent in
Zhejiang Province and the Measures for the Management of Special Funds for the Protection and Management of Intellectual Property in Zhejiang
Province.

 

6.乙方在金义新区注册公司后,上市成功,当地政府参照《关于推进企业上市和高质量发展“尖峰行动”的意见》、《关于推进企业股改重组对接多层次资本市场的意见》给予资金奖励。

 

After Party B has registered a
company in Jinyi New Area and listed successfully, the local government will provide financial rewards according to the Opinions on Promoting
Enterprise Listing and High-Quality Development "Summit Action" and Opinions on Promoting Enterprise Share Reform and Reorganization
to Dock to Multi-Level Capital Market.

 

(三)人才政策Talent
Policy

 

1.按《金华“双龙引才”新政20条》相关规定执行。乙方确保项目落地后12个月内入驻人员不少于20人(本科及硕士以上学历不低于60%),24个月内入驻人员不少于100人。甲方根据乙方人员实际到位情况,向乙方高管及技术主要负责人提供金义新区人才公寓,房租费自人员入住后免除前五年,后五年支付50%费用(五免五减半),物业费由乙方负责。根据乙方发展需求,在企业入驻后五年内可根据实际需求按成本评估购买人才公寓,经双方协商购买期可以延长。对普通员工提供员工宿舍,房租等相关费用由乙方负责。

 

The relevant provisions of
the New Policy 20 of Jinhua "Shuanglong Attracting Talents" shall be implemented. Party B shall ensure that no less than 20
persons (at least 60% with bachelor degree or master degree or above) will be employed within 12 months after the project has landed,
and no less than 100 persons will be employed within 24 months. Party A will, based on the actual availability of Party B's personnel,
provide Party B's executives and technical principals with talent apartments in Jinyi New Area, and the rent fee will be waived for the
first five years after the personnels move in, and 50% of the fee will be paid for the next five years (five waivers and five halves).According
to the development demand of Party B, the talent apartment can be purchased according to the actual demand within five years after the
enterprise moved in according to the cost assessment, and the purchase period can be extended by mutual agreement. For rank and file employees'
lodging, the rent and other related costs are Party B's responsibility.

 

2.执行《金华“双龙引才”新政20条》、《关于进一步推进“创新强区”战略实施意见》(金区政〔2022〕6号)相关人才奖励措施,并切实解决高层次人才在教育、医疗、交通等方面的同城待遇。

 

Execute the "Jinhua "Double
Dragon Attracting Talents" New Policy 20", "Further Promoting the Strong Innovation District Strategy Implementation
Opinions" (Jin District Government [2022] No. 6) related to talent incentive measures, and effectively attract high-level talents
with same-city treatments in education, medical care, transportation, etc.

 

3.对在当地工作的企业高管及技术主要负责人给予一定津贴补贴;对在当地缴纳社保的企业高管及技术主要负责人,前五年内上交的个税,按地方财政贡献额的100%给予奖励,后五年上交的个税,按地方财政贡献额的50%给予奖励。

 

To provide certain allowance
and subsidies to corporate executives and technical leaders working in the local area; to reward the executives and technical leaders
paying social security in the local area with 100% of the local financial contribution for the personal tax paid within the first five
years, and 50% of the local financial contribution for the personal tax paid in the next five years.

 

    — 3 —

     

    

 

三、甲方的权利义务Party
A’s Rights and Obligations

 

(一)甲方应根据本协议规定,视乙方项目研发成果、销售及税收情况拨付相关补助款项。

 

Party A shall, in accordance
with the provisions of this Agreement, allocate the relevant subsidies depending on Party B's project R&D results, sales and taxation.

 

(二)甲方应根据乙方需求按约定提供办公研发生产用房。

 

Party A shall provide office
R&D and production facilities according to Party B's requirements as agreed.

 

(三)甲方有权核查项目进展和补助资金使用情况。

 

Party A has the right to verify
the progress of the project and the use of granted funds.

 

(四)甲方积极配合乙方寻找、推动整车生产资质收购、迁移等工作。

 

Party A to actively cooperate
with Party B to identify and promote the acquisition and relocation of vehicle production qualifications.

 

(五)甲方按照国家、省、市及新区相关政策积极为项目提供各类政策扶持和政策优惠,积极支持乙方项目争取上级有关扶持政策。

 

Party A, in accordance with
national, provincial, municipal and new district policies to actively provide various types of policy support and policy preferences to
the project, and actively seek relevant senior policy support to Party B's project.

 

(六)乙方在项目对接及本协议磋商过程中向甲方提供虚假证照、文件资料,骗取项目通过审核、审批的,甲方有权解除本协议。

 

If Party B provides false certificates
and documents to Party A in the process of project matching and negotiation of this Agreement, and deceives the project to pass the examination
and approval, Party A has the right to terminate this Agreement.

 

四、乙方的权利义务Party
B's Rights and Obligations

 

(一)乙方在本协议签订后30个工作日内,设立注册外商独资企业即金华公司,负责本协议中项目投资、建设和运营。

 

Party B shall, within 30 working
days after the signing of this Agreement, establish a wholly-foreign-owned enterprise, i.e. Jinhua Company, which shall be responsible
for the investment, construction and operation of the project under this Agreement.

 

(二)乙方在金华公司成立后的30个工作日内,不少于10人入驻,并将相关高管的劳动合同、社保关系迁移至金华公司。

 

    — 4 —

     

    

 

Within 30 working days after
the establishment of the Jinhua Company, and no less than 10 people will be stationed in the Jinhua Company, and the labor contracts and
social security relations of relevant executives will be relocated to the Jinhua Company.

 

(三)乙方金华公司建成新能源整车生产线、麦格纳或同等品牌的研发生产基地,并为金义新区引进整套零部件配套产业链,包括但不限于自动驾驶、新能源汽车再制造项目、电动汽车底盘开发项目、电池包开发与制造项目等。

 

Party B's Jinhua Company will
build a new energy vehicle production line, a Magna or equivalent R&D and production base, and introduce a whole set of parts and
components supporting the industry chain for Jinyi New Area, including but not limited to autonomous driving, new energy vehicle remanufacturing,
electric vehicle chassis development, battery pack development and manufacturing, etc.

 

(四)乙方同意国家、省、市及新区相关法规政策和上级部门决定发生变化的,本协议相应约定根据上述法规、政策的变化而变更,双方无需另行协商且均不构成任何违约。

 

Party B agrees that, if the
relevant regulations and policies of the state, province, city and the new district and the decisions of higher authorities change, this
Agreement will be revised according to the changes of the above regulations and policies without further negotiation between the two parties
and neither of them shall constitute any breach of contract.

 

(五)乙方自愿接受甲方对其投资额、产值、税收、工商登记等履约情况的监督,并接受甲方根据监督结果作出的相应处理决定。

 

Party B voluntarily accepts
Party A's supervision of its investment amount, production value, taxation, business registration and other performance, and accepts Party
A's corresponding processing decisions based on the supervision results.

 

(六)乙方就本项目向甲方提供的所有文件、资料都是真实、完整、有效的。

 

All documents and information
provided by Party B to Party A in respect of the Project are true, complete and valid.

 

    — 5 —

     

    

 

五、其他约定Other
Terms

 

乙方在享受本协议条款的同时,有权享受浙江省、市、区各类普惠性扶持政策,但就高不重复。

 

Party B is entitled to enjoy
the terms of this agreement at the same time, the right to enjoy the various types of universal support policies in Zhejiang Province,
the city and the district, but on the higher not repeated.

 

六、保密条款Confidentiality

 

除有关法律、法规、政府机构、司法机构、证券监管机构及证券交易所要求的披露外,在未获得其他方同意的情况下,本协议中的任何一方不得将本协议书的内容及有关保密信息向任何第三方(各方的股东、高级职员、董事、雇员、代理人、代表、会计和法律顾问除外)披露,上述保密信息包括有关本协议、本协议内容及项下的交易,以及彼此就准备或履行本协议而交换的任何口头或书面的商业、财务、法律、市场、客户、技术、财产等资料均被视为保密信息。

 

Except for disclosures required by relevant laws,
regulations, government agencies, judicial bodies, securities regulators and stock exchanges, neither party to this Agreement shall disclose
the contents of this Agreement and related confidential information to any third parties (other than the parties' shareholders, officers,
directors, employees, agents, representatives, accountants and legal advisors) without the consent of the other parties, and such confidential
information includes any oral or written commercial, financial, legal, marketing, customer, technical, property or other information exchanged
between the parties in connection with this Agreement, the contents of this Agreement and the transactions hereunder, and the preparation
or performance of this Agreement shall be deemed confidential.

 

七、通知与送达Notice
and Delivery

 

1.所有在本协议下需要发出或送达的通知,要求均须以书面作出,并以特快专递、传真、电子邮件或专人送递的方式发至本协议有关方的下列地址、传真号码或电子邮件:

 

All notices required to be given or served under
this Agreement shall be in writing and shall be sent by courier, facsimile, e-mail or personal delivery to the following address, facsimile
number or e-mail of the party involved in this Agreement.

 

    — 6 —

     

    

 

致甲方∶金华金义新区招商服务有限公司

 

To Party A: Jinhua Jinyi New Area Investment Service
Co., Ltd

地址∶

 

Address:

传真号码Fax Number∶
0579-83202050

收件人∶胡康

 

Attn: Hu Kang

电子邮件Email∶568197768@qq.com

致乙方∶ICONIQ
Holding Limited

 

To Party B: ICONIQ Holding
Limited

地址∶天津市和平区睦南道76号

 

Address: No. 76, Munan Road, Heping District, Tianjin

传真号码Fax Number∶/

收件人∶刘鑫
18916168105

 

Attn: Liu Xin 18916168105

电子邮件Email:Xin.liu@iconiqmotors.com

 

2.所有在本协议项下所发出或送达的每一项通知或要求,应在下述时间被视作被通知方或被送达方已收到有关通知:Every
notice or demand given or served under this Agreement shall be deemed to have been received by the party notified or served as of the
time of:

 

(1)如以预缴邮资的特快专递寄发,投寄当日后的第三天;(2)如由专人送递,则在送达时;(3)如以传真发出,传真机记录发送完毕的时间;或(4)如以电子邮件发出,发件人电脑记录发送完毕的时间。

 

(1) if sent by prepaid express mail, the third day
after the day of posting; (2) if delivered by hand, at the time of delivery; (3) if sent by facsimile, when the facsimile machine records
the completion of transmission; or (4) if sent by e-mail, when the sender's computer records the completion of transmission.

 

八、争议解决方式Dispute
Resolution

 

因履行本协议所发生的或与本协议有关的一切争议,双方应通过友好协商解决,如果通过协商仍不能解决,应当向项目所在地有管辖权的人民法院起诉。双方为诉讼而实际支付的费用(包括但不限于诉讼费和律师费)由败诉方承担。

 

All disputes arising out of or in connection with
the performance of this Agreement shall be settled by the parties through friendly consultation, and if they cannot be settled through
consultation, they shall sue in the People's Court with jurisdiction in the place where the Project is located. The actual costs (including
but not limited to litigation fees and attorney's fees) paid by both parties for the litigation shall be borne by the losing party.

 

    — 7 —

     

    

 

九、协议生效Agreement
Effectiveness

 

1.本协议一式肆份,甲、乙双方各保留贰份。本协议经双方加盖公章后生效。

 

This Agreement is made in four copies, two copies
for each of A and B. This Agreement shall take effect after the seals of both parties are affixed.

 

2.本协议未尽事宜,双方协商或签订补充协议解决,补充协议与本协议具有同等法律效力。

 

Any matters not covered by this Agreement shall
be resolved by mutual consultation or by signing a supplementary agreement, which shall have the same legal effect as this Agreement.

 

3、如一年内双方未就本协议约定事宜进行推进,本协议自动终止。

 

If the parties do not advance on the matters agreed
in this Agreement within one year, this Agreement will be automatically terminated.

 

4、本协议以中英文书就,如果中英文版本之间有任何差异,则以中文版本为准。

 

This Agreement is written in both English and Chinese.
In any case of discrepancy between the English and Chinese version, the Chinese version will prevail.

 

(No text below)

 

(以下无正文)

 

    — 8 —

     

    

 

此页为签字页

 

This page is a signature page

 

甲方:金华金义新区招商服务有限公司

Party A: Jinhua Jinyi
New Area Investment Service Co., Ltd

 

签字(盖章)
Signature (seal).:

 

2022年8月15日 August 15, 2022

 

乙方:ICONIQ
Holding Limited

 

Party B: ICONIQ Holding Limited

 

签字(盖章)
Signature (seal).:

 

2022年8月15日 August 15, 2022Document

Exhibit 4.4

DESCRIPTION OF CAPITAL STOCK

General

Our authorized capital stock consists of 700,000,000 shares of common stock, par value $0.01 per share, and 70,000,000 shares of preferred stock, par value $0.01 per share.

Common Stock

Each holder of our common stock is entitled to one vote for each share on all matters to be voted upon by the common stockholders. There are no cumulative voting rights. Subject to any preferential rights of any outstanding preferred stock, holders of our common stock are entitled to receive ratably the dividends, if any, as may be declared from time to time by our Board of Directors out of funds legally available for that purpose. If there is a liquidation, dissolution, or winding up of our Company, holders of our common stock would be entitled to ratable distribution of our assets remaining after the payment in full of liabilities and any preferential rights of any outstanding preferred stock.

Holders of our common stock do not have any preemptive or conversion rights or other subscription rights, and there are no redemption or sinking fund provisions applicable to the common stock. All outstanding shares of our common stock are fully paid and non-assessable. The rights, preferences and privileges of the holders of our common stock are subject to, and may be adversely affected by, the rights of the holders of shares of any series of preferred stock that we may designate and issue in the future.

Preferred Stock

Under the terms of our Sixth Amended and Restated Certificate of Incorporation (our “Certificate of Incorporation”), our Board of Directors is authorized, subject to limitations prescribed by the Delaware General Corporation Law (the “DGCL”) and by our Certificate of Incorporation, to issue up to 70,000,000 shares of preferred stock in one or more series without further action by the holders of our common stock. Our Board of Directors has the discretion, subject to limitations prescribed by the DGCL and by our Certificate of Incorporation, to determine the rights, preferences, privileges and restrictions, including voting rights, dividend rights, conversion rights, redemption privileges and liquidation preferences, of each series of preferred stock. We have no current plans to issue any shares of preferred stock.

Anti-Takeover Effects of Various Provisions of Delaware Law and Our Sixth Amended and Restated Certificate of Incorporation and Amended and Restated Bylaws

Provisions of the DGCL and our Certificate of Incorporation and amended and restated bylaws (our “Bylaws”) could make it more difficult to acquire SelectQuote by means of a tender offer, proxy contest, or otherwise, or to remove incumbent officers and directors. These provisions, summarized below, may discourage certain types of coercive takeover practices and takeover bids that our Board of Directors may consider inadequate and may encourage persons seeking to acquire control of the Company to first negotiate with our Board of Directors. SelectQuote believes that the benefits of increased protection of its ability to negotiate with the proponent of an unfriendly or unsolicited proposal to acquire or restructure it outweigh the disadvantages of discouraging takeover or acquisition proposals because, among other things, negotiation of these proposals could result in an improvement of their terms.

Delaware Anti-Takeover Statute

As a Delaware corporation, SelectQuote is subject to Section 203 of the DGCL regarding corporate takeovers. In general, Section 203 of the DGCL prohibits a publicly held Delaware corporation from engaging in a “business combination” with an “interested stockholder” for a period of three years following the time the person became an interested stockholder, unless:

•prior to the date of the transaction, our Board of Directors has approved either the business combination or the transaction that resulted in the stockholder becoming an interested stockholder;

•upon completion of the transaction that resulted in the stockholder becoming an interested stockholder, the interested stockholder owned at least 85% of the voting stock outstanding at the time such transaction commenced, excluding, for purposes of determining the number of shares outstanding, (a) shares owned by persons who are directors and also officers and (b) shares owned by employee stock plans in which employee participants do not have the right to 

determine confidentially whether shares held subject to the plan will be tendered in a tender or exchange offer; or

•on or subsequent to such time the business combination is approved by our Board of Directors and authorized at a meeting of stockholders by the affirmative vote of at least two-thirds of the outstanding voting stock not owned by the interested stockholder.

In this context, a “business combination” includes a merger, asset or stock sale, or other transaction resulting in a financial benefit to the interested stockholder. An “interested stockholder” is a person who, together with affiliates and associates, owns or, within three years prior to the determination of interested stockholder status owned, 15% or more of our outstanding voting stock. The existence of this provision would be expected to have an anti-takeover effect with respect to transactions not approved in advance by our Board of Directors, including discouraging attempts that might result in a premium over the market price for the shares of common stock held by our stockholders.

A Delaware corporation may “opt out” of Section 203 with an express provision in its original certificate of incorporation or an express provision in its certificate of incorporation or bylaws resulting from amendments approved by holders of at least a majority of our outstanding voting shares. We have not elected to “opt out” of Section 203. However, subject to certain restrictions, we may elect to “opt out” of Section 203 by an amendment to our Certificate of Incorporation or Bylaws.

Classified Board

Our Certificate of Incorporation and Bylaws provide that our Board of Directors be divided into three classes, each of which is composed initially of two or three directors. The directors designated as Class I directors have terms expiring at the annual meeting of stockholders to be held in 2023. The directors designated as Class II directors have terms expiring at the annual meeting of stockholders to be held in 2024, and the directors designated as Class III directors have terms expiring at the annual meeting of stockholders to be held in 2022. Directors for each class are elected at the annual meeting of stockholders held in the year in which the term for that class expires and, thereafter, will serve for an additional term of three years, subject to their earlier resignation or removal. At any meeting of stockholders for the election of directors at which a quorum is present, the election will be determined by a plurality of the votes cast by the stockholders entitled to vote in the election. Under the classified board provisions, it may take two elections of directors for any individual or group to gain control of our Board of Directors. Accordingly, these provisions could discourage a third party from initiating a proxy contest, making a tender offer, or otherwise attempting to gain control of SelectQuote.

Removal of Directors

Our Certificate of Incorporation provides that our stockholders may remove our directors only for cause, by an affirmative vote of holders of at least a majority of the voting power of the then-outstanding shares of voting stock.

Amendments to Certificate of Incorporation and Bylaws

Our Certificate of Incorporation provides that it may be amended or altered in any manner provided by the DGCL. Our Bylaws may be adopted, amended, altered, or repealed by stockholders upon the approval of at least two-thirds of the voting power of all of the then-outstanding shares of stock entitled to vote at an election of directors. Additionally, our Certificate of Incorporation and Bylaws provide that our Bylaws may be adopted, amended, altered, or repealed by the Board of Directors.

Size of Board and Vacancies

Our Certificate of Incorporation and Bylaws provide that the number of directors on our Board of Directors is fixed exclusively by our Board of Directors. Any vacancies on our Board of Directors resulting from any increase in the authorized number of directors or the death, resignation, retirement, disqualification, removal from office, or other cause will be filled by a majority of the Board of Directors then in office, whether or not less than a quorum. Our Certificate of Incorporation and Bylaws provide that any director appointed to fill a vacancy on our Board of Directors will hold office for a term expiring at the annual meeting of stockholders at which the term of office of the class to which he or she been appointed expires and until such director’s successor shall have been duly elected and qualified.

Special Stockholder Meetings

Our Bylaws provide that only the chairman of the Board of Directors, the chief executive officer, or an officer acting at the request of a majority of the members of the Board of Directors pursuant to a resolution approved by the Board of the Directors may call special meetings of SelectQuote stockholders. Stockholders may not call special stockholder meetings.

Stockholder Action by Written Consent

Our Certificate of Incorporation prohibits the right of our stockholders to act by written consent. From and after the effectiveness of our Certificate of Incorporation, stockholder action must take place at the annual or a special meeting of SelectQuote stockholders.

Requirements for Advance Notification of Stockholder Nominations and Proposals

Our Bylaws establish advance notice procedures with respect to stockholder proposals and nomination of candidates for election as directors, as well as minimum qualification requirements for stockholders making the proposals or nominations. Additionally, our Bylaws require that candidates nominated by stockholders for election as director disclose their qualifications and make certain representations, including that (a) they are not a party to any undisclosed voting commitment, any voting commitment that could interfere with their ability to fulfill their fiduciary duties as a director of SelectQuote, should they be elected, or any undisclosed agreement pursuant to which they would receive compensation, reimbursement or indemnification in connection with their service as a director of SelectQuote, (b) they will be in compliance, should they be elected, with the Company’s corporate governance guidelines and the Company’s conflict of interest, confidentiality, and stock ownership and trading policies, and (c) they will abide by the procedures for the election of directors in our Bylaws.

No Cumulative Voting

The DGCL provides that stockholders do not have the right to cumulate votes in the election of directors unless the company’s certificate of incorporation provides otherwise. Our Certificate of Incorporation does not provide for cumulative voting.

Undesignated Preferred Stock

The authority our Board of Directors possesses to issue preferred stock could potentially be used to discourage attempts by third parties to obtain control of SelectQuote through a merger, tender offer, proxy contest, or otherwise by making such attempts costlier or more difficult. Our Board of Directors may be able to issue preferred stock with voting rights or conversion rights that, if exercised, could adversely affect the voting power of the holders of common stock.

Corporate Opportunities

Our Certificate of Incorporation provides that, to the fullest extent permitted by law, we have, on behalf of ourselves, our stockholders, and any of our and their respective affiliates, renounced any interest or expectancy in, or in being notified of or offered an opportunity to participate in, any business opportunity that may be presented to our directors that are not our employees or to any of their affiliates, partners, or other representatives, and that no such person has any duty to communicate or offer such business opportunity to us or any of our affiliates or stockholders or shall be liable to us or any of our affiliates or stockholders for breach of any duty, as a director or otherwise, by reason of the fact that such person pursues or acquires such business opportunity, directs such business opportunity to another person, or fails to present such business opportunity, or information regarding such business opportunity, to us or any of our affiliates or stockholders, unless, in the case of any such person who is a director of the Company, such business opportunity is expressly offered to such director solely in his or her capacity as a director of the Company.

Limitations on Liability, Indemnification of Officers and Directors and Insurance

Elimination of Liability of Directors

The DGCL authorizes corporations to limit or eliminate the personal liability of directors to corporations and their stockholders for monetary damages for breaches of directors’ fiduciary duties as directors, and our Certificate of Incorporation includes such an exculpation provision. Our Certificate of Incorporation provides that, to the fullest extent permitted by the DGCL, no director will be personally liable to us or to our stockholders for monetary damages for breach of fiduciary duty as a director. While our Certificate of Incorporation provides directors with protection from awards for monetary damages for breaches of their duty of care, it does not eliminate this duty. Accordingly, our Certificate of Incorporation has no effect on the availability of equitable remedies such as an injunction or rescission based on a director’s breach of his or her duty of care. The provisions of our Certificate 

of Incorporation described above apply to an officer of SelectQuote only if he or she is a director of SelectQuote and is acting in his or her capacity as director, and does not apply to officers of SelectQuote who are not directors.

Indemnification of Directors, Officers and Employees

Our Certificate of Incorporation and Bylaws require us to indemnify any person who was or is a party or is threatened to be made a party to or is otherwise involved in any threatened, pending or completed action, suit or proceeding by reason of the fact that he or she is or was a director or officer of SelectQuote, or is or was serving at the request of SelectQuote as a director, officer, trustee, employee or agent of another corporation or of a partnership, joint venture, trust or other enterprise, including service with respect to employee benefit plans maintained or sponsored by SelectQuote, against all expense, liability and loss (including attorneys’ fees, judgments, fines, ERISA excise taxes or penalties and amounts paid or to be paid in settlement) incurred or suffered by such person in connection with such proceeding if the person acted in good faith and in a manner reasonably believed to be in or not opposed to the best interests of SelectQuote, and, with respect to any criminal action or proceeding, had no reasonable cause to believe his or her conduct was unlawful.

We are authorized under our Certificate of Incorporation and Bylaws to purchase and maintain insurance to protect SelectQuote and any current or former director, officer, employee or agent of SelectQuote or another corporation, partnership, joint venture, trust or other enterprise against any expense, liability or loss, whether or not SelectQuote would have the power to indemnify such person against such expense, liability or loss under the DGCL.

We have entered into indemnification agreements with each of our directors and officers. The indemnification agreements provide that we will indemnify each indemnitee to the fullest extent permitted by the DGCL from and against all loss and liability suffered and expenses, judgments, fines and amounts paid in settlement incurred in connection with defending, investigating or settling any threatened, pending, or completed action, suit or proceeding related to the indemnitee’s service with the Company. Additionally, we agree to advance to the indemnitee expenses incurred in connection therewith.

The limitation of liability and indemnification provisions in these indemnification agreements and our Certificate of Incorporation and Bylaws may discourage stockholders from bringing a lawsuit against our directors for breach of fiduciary duty. These provisions also may reduce the likelihood of derivative litigation against our directors and officers, even though such an action, if successful, might otherwise benefit us and our stockholders. In addition, your investment in our common stock may be adversely affected to the extent we pay the costs of settlement and damage awards under these indemnification provisions. 

Exclusive Forum

Our Certificate of Incorporation provides that, unless the Board of Directors otherwise determines, the state courts located within the State of Delaware or, if no state court located in the State of Delaware has jurisdiction, the federal court for the District of Delaware, will be the sole and exclusive forum for any derivative action or proceeding brought on behalf of SelectQuote, any action asserting a claim of breach of a fiduciary duty owed by any director or officer of SelectQuote to SelectQuote or our stockholders, any action asserting a claim against SelectQuote or any director or officer of SelectQuote arising pursuant to any provision of the DGCL or Certificate of Incorporation or Bylaws, or any action asserting a claim against SelectQuote or any director or officer of SelectQuote governed by the internal affairs doctrine. Under our Certificate of Incorporation, to the fullest extent permitted by law, this exclusive forum provision will apply to all actions asserting covered Delaware state law claims, including any other claims, such as federal securities law claims, that a stockholder chooses to bring in the same action. This exclusive forum provision does not apply to actions that do not assert any covered Delaware state law claims, such as, for example, any action asserting solely federal securities law claims.

Authorized but Unissued Shares

Our authorized but unissued shares of common stock and preferred stock will be available for future issuance without stockholder approval. We may use additional shares for a variety of purposes, including future public offerings to raise additional capital, to fund acquisitions, and as employee compensation. The existence of authorized but unissued shares of common stock and preferred stock could render more difficult or discourage an attempt to obtain control of SelectQuote by means of a proxy contest, tender offer, merger, or otherwise.

Transfer Agent and Registrar

The transfer agent and registrar for our common stock is Computershare Trust Company, N.A.

Listing

Our shares of common stock are listed on the New York Stock Exchange under the symbol “SLQT”.

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