Document:

Exhibit 10.1

 

TERMINATION OF SECURITIES PURCHASE AGREEMENT

This tERMINATION
OF Securities Purchase Agreement (this “Termination”) is dated as of July 28, 2022, among Breeze Holdings Acquisition
Corp., a Delaware corporation (“SPAC”), D-Orbit S.A., a joint stock company (société anonyme)
governed by the laws of the Grand Duchy of Luxembourg with its registered office at 9, rue de Bitbourg, L1273 Luxembourg, Grand Duchy
of Luxembourg and registered with the Luxembourg trade and companies register (Registre de Commerce et des Sociétés,
Luxembourg) under number B 261356 (“PubCo”), D-Orbit S.p.A., an Italian Società per azioni (the “Target”)
and each purchaser identified on the signature pages hereto (each, including its successors and assigns, a “Purchaser”
and collectively, the “Purchasers”). Each of SPAC, PubCo, the Target and each Purchaser shall each individually be
referred to herein as a “Party” and, collectively as the “Parties”. Reference is made to that certain
Securities Purchase Agreement, dated as of January 25, 2022, by and among the Parties (the “Agreement”). Capitalized
terms that are not otherwise defined herein have the meanings given to such terms in the Agreement.

1.                 
Termination. For good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Parties
hereby agree to terminate the Agreement pursuant to Section 5.1(a) of the Agreement by mutual consent of the Parties effective as of the
date hereof; provided that the Target has received from the Lead Purchaser a refund pursuant to Section 5.2 of the Agreement of
a portion of the commitment fee previously paid by the Target in an amount equal to $150,000.

2.                 
Miscellaneous.

(a)              
Successors and Assigns. This Termination shall be binding upon and inure to the benefit of and be enforceable by the respective
successors and permitted assigns of the parties hereto.

(b)              
Governing Law. This Termination and all actions arising out of or in connection with this Termination shall be governed
by and construed in accordance with the internal laws of the State of New York, without regard to the principles of conflicts of law thereof
(other than Section 5-1401 of the General Obligations Law of the State of New York).

(c)              
Counterparts. This Termination may be executed in any number of counterparts, including counterparts transmitted by facsimile
or other electronic transmission, and by different parties hereto in separate counterparts, with the same effect as if all parties had
signed the same document. All such counterparts shall be deemed an original, shall be construed together and shall constitute one and
the same instrument.

**********************

 

    

     

    

IN WITNESS WHEREOF, the parties hereto have
caused this Termination to be duly executed by their respective authorized signatories as of the date first indicated above.

	BREEZE HOLDINGS ACQUISITION CORP.	 
	 	 
	By:	/s/ J. Douglas Ramsey	 	 
	 	Name: J. Douglas Ramsey, Ph.D.	 	 
	 	Title: Chief Executive Officer	 	 
	 	 	 	 
	D-ORBIT S.P.A.	 	 
	 	 	 	 
	By:	/s/ Luca Rossettini	 	 
	 	Name: Luca Rossettini, Ph.D.	 	 
	 	Title: Chief Executive Officer	 	 
	 	 	 	 
	D-ORBIT S.A.	 	 
	 	 	 	 
	By:	/s/ Luca Rossettini 	 	 
	 	Name:  Luca Rossettini	 	 
	 	Title:    Director 	 	 
	 	 	 	 
	By:	/s/ James Bruegger	 	 
	 	Name:  James Bruegger	 	 
	 	Title:    Director	 	 
	 	 	 	 
	DO SPV XVII LLC (f/k/a BT SPV XVII LLC)	 
	 	 	 	 
	By:	/s/ Kerry Propper	 	 
	 	Name: Kerry Propper	 	 
	 	Title: Managing PartnerEX-4.3

 Exhibit 4.3 

AMENDMENT TO THE BRAND LICENSE AND STRATEGIC SERVICES AGREEMENT (the “Amendment
Agreement”) is made on the 17th
March 2022: 
 BY AND BETWEEN: 
  

	(1)	 Vedanta Resources Limited, a company formerly known as Vedanta Resources PLC, incorporated under the
laws of United Kingdom, having its office at 30 Berkeley Square London W1J 6EX (‘‘Vedanta Resources” or the “Licensor”, which expression shall, unless the context otherwise
requires, includes its successors, permitted assigns and nominees); and 

  

	(2)	 Vedanta Limited, a public limited company incorporated under the laws of India, having its registered
office at 1st Floor, C wing, Unit 103, corporate avenue Atul Projects, Chakala, Andheri (East), Mumbai – 400093 (“Vedanta Limited” or the “Licensee”, which expression shall,
unless the context otherwise requires, includes its successors, permitted assigns and nominees). 

 The Licensor and the Licensee may
hereinafter be individually referred to as a ‘Party’ and collectively as the ‘Parties’. 
 WITNESSETH: 

WHEREAS the Parties entered into that certain Brand License and Strategic Services Agreement dated February 25, 2021 (effective from April 01,
2020) (hereinafter collectively referred to as “License Agreement”). 
 WHEREAS the Parties wish to amend certain terms of the
License Agreement to reflect the commercial discussions under the terms and conditions set forth herein. 
 NOW THEREFORE IN CONSIDERATION OF THE
PROMISES AND COVENANTS CONTAINED IN THE LICENSE AGREEMENT AND THIS AMENDMENT AGREEMENT, THE PARTIES AGREE AS FOLLOWS: 
  

	1.	 Amendments to the License Agreement – 

 

	 	1.1.	 Clause 2.1 of the License Agreement is hereby deleted in its entirety and substituted with the following:

 “This Agreement shall come into force on and from April 01, 2020 (“Effective Date”) and shall continue to
remain in force for a further period of fifteen years from April 01, 2023 till March 31, 2038, unless terminated earlier in accordance with Clause 13 below (“Term’’). The brand license and strategic services fee rate as referred
in Annexure G of the agreement will be benchmarked by independent experts every three years or at such frequency as mutually agreed between the parties.” 
  

	2.	 Effectiveness of this Amendment Agreement 

Upon the execution and delivery hereof, the License Agreement shall thereupon be deemed to be amended as hereinabove set forth as fully and
with the same effect as if the amendments made hereby were originally set forth in the License Agreement, and this Amendment Agreement and the License Agreement shall henceforth be read, taken and construed as one and the same instrument, but such
amendments shall not operate so as to render invalid or improper any action heretofore taken under the License Agreement. 

  
 PAGE 1 OF 2 

	3.	 General Provisions 

 

	3.1	 Except as provided for in this Amendment Agreement, all other terms and conditions of the License Agreement
shall remain in full force and effect and shall not be amended or otherwise affected by the above amendment. 

  

	3.2	 Capitalized terms used herein and not otherwise defined shall have the meanings assigned to them in the License
Agreement. 

  

	3.3	 This Amendment Agreement may be executed in any number of counterparts, all of which taken together shall
constitute one and the same instrument. This Amendment Agreement may be executed by facsimile signature. 

  

	3.4	 This Amendment Agreement shall be governed by and its performance construed in accordance with the laws of
India. Any dispute which has arisen or may arise out of, or in connection with, this Amendment Agreement shall be referred to a single arbitrator (mutually appointed by the Parties) to be finally resolved by arbitration under the Arbitration and
Conciliation Act, 1996 (as amended from time to time), which is deemed to be incorporated by reference into this clause. The seat, or legal place of arbitration shall be New Delhi, India and the language of arbitration shall be English. The decision
of the arbitrator shall be final and binding to the fullest extent permitted by law. 

 IN WITNESS WHEREOF the parties have
executed this Amendment Agreement the day and year first above written. 
  

									
	 Signed by
 For and on behalf
of
 VEDANTA RESOURCES LIMITED
	  		  	

	 		  	         Date: 27, 04, 2022

 
     

	  		 	 )
 )

	  	
	  	
		  		  		 		  	
	 Signed by
  

For and on behalf of
  

VEDANTA LIMITED
	  	 AJAY

KUMAR        

GOEL
	  	Digitally signed by	 		  	        Date:                     
	  	AJAY KUMAR GOEL	 	)	  	Ajay Goel
	  	Date: 2022.04.27
	  	14:07:11 +05’30’	 	)	  	Acting Group CFO

  
 PAGE 2 OF 2EX-4.8

 Exhibit 4.8 
  

 
 Employee Stock Option Scheme- Grants 2021 

Executive Summary 
  

					
	 S.N
	  	 Key Features
	  	 ESOS 2021 (Proposed)

	1	  	Grant Date	  	1 November 2021
			
	2	  	Vesting Date	  	36 months from Date of Grant i.e. 1 November 2024
			
	3	  	Coverage	  	4000 employees (Around 38%)
			
	4	  	Grant Price	  	INR 304/-
			
	5	  	Total options	  	1,20,83,636 Vedanta Limited Stock Options
			
	6	  	Performance Conditions	  	 •   Business/SBU Performance (Volume, Cost NSR, EBITDA, FCF, ESG, Carbon
Footprint)
  

•   Sustained Individual Performance

 
 •   Management
Discretion

			
	7	  	Performance Period	  	 •   Business/SBU Performance: Three Financial Year/s during the
vesting period i.e. FY 2021-22, FY 2022-23, FY 2023-24
  

•   Sustained Individual Performance: Annual Performance Rating of Three
Financial Year/s i.e. FY 2021-22, FY 2022-23, FY 2023-24
  

•   Management Discretion: Vesting period from Date of Grant to Date of
Vesting

			
	8	  	Vesting Schedule	  	 •   Business Performance: 50% of the Award shall vest for achieving
Threshold performance increasing pro-rata to full vesting for achievement of 100% of Target
  

•   The performance achievement for each business will be evaluated against internal
business plan and respective peer comparison on Volume, Cost & NSR
  

•   Sustained Individual Performance: 25% at Threshold increasing to 125% vesting for
achievement of top rating in all 3 years
  

•   Multiplier of individual performance ratings to create differentiation at
vesting
  

•   Management Discretion: Rewarding real contribution and value addition to business
during the vesting period. Committee to finalize the pay-out at vesting based on sustained value addition over the vesting period

			
		  		  	Enhanced coverage for:
			
	9	  	Coverage of Key Leaders:	  	  
 1.  Key leaders
focusing on Innovation, Digitalization & Analytics

	  	  
 2.  High
Potential Talent: identified through various platforms such as Workshop leaders, V-Reach Talent, V-Aspire, V-Lead and other
hi-po leaders

	  	  
 3.  Holding
critical roles / successors

	  	  
 4.  Critical
Functions including Finance, Commercial & Marketing, HR, Legal, Geology, Exploration, Mining, HSE, Digital

	  	  
 5.  Freshers
joining the group to ensure long term career envisioning (new addition)

  

	*	 The final grant value and number of options shall be subject to the share price as on 29 October
2021 

 

 
  

 Background 

Employee Stock option Scheme 2021 (ESOS) is a conditional share plan for rewarding performance on pre-determined
performance criteria and continued employment with the Company. The predetermined performance criteria shall focus on rewarding employees for company performance and superior individual performance. 

Salient Features of the Scheme and Plan 
 The Committee
members may please take note of the salient features of the ESOS 2021 Grant for consideration and approval: 
  

	1.	 Presented below is the summary of the ESOS 2021 and proposal towards the 6th grant under the ESOS 2016 scheme plan. 

  

			
	 Parameters
	  	ESOS 2021 Final Proposed Grant
	 No. of Options granted
	  	~1,20,83,636

  

	 	•	 	 The number of options have been computed at a share price of INR 330/- (Indicative grant price considered),
however the final number of options will be computed based on the closing share price as on 29 October 2021) 

  

	2.	 Coverage of Plan 

The Plan will cover around 38% of the Vedanta Limited eligible professional population, comprising of employees across grades including Group
EXCO, Business EXCO and other key & critical employees in the group. 
 Enhanced coverage for: 

 

	 	•	 	 Key leaders focusing on Innovation, Digitalization & Analytics 

 

	 	•	 	 High Potential Talent: identified through various platforms such as Workshop leaders, V-Reach Talent, V-Aspire, V-Lead and other hi-po leaders 

 

	 	•	 	 Holding critical roles / successors 

 

	 	•	 	 Critical Functions including Finance, Commercial & Marketing, HR, Legal, Geology, Exploration,
Mining, HSE, Digital 

  

	 	•	 	 Freshers joining the group to ensure long term career envisioning (new addition) 

 

	3.	 Date of Grant: 1 November 2021 

 

	4.	 Date of Vesting: 1 November 2024 

 

 
  

	5.	 Grant Quantum 

All selected employees have been divided in four categories basis their performance and potential rating provided by the business. The grant
quantum for each of these four categories are then determined as percentage of employees’ fixed pay in each grade as given below. 
  

																	
	 Category
	  	I	 	  	II	 	  	III	 	  	IV	 
	 	  	 	 	  	 	 	  	 	 	  	 	 
	 WTD, SMP, KMP
	  	 	Max upto 125%	 
		
	 EXCO
	  	 	Max upto 100%	 
		
	 Business Exco
	  	 	60% to 100%	 
					
	 M4 & Above
	  	 	60% - 90%	 	  	 	50% - 75%	 	  	 	40% - 55%	 	  	 	30% - 45%	 
					
	 M5 & Below
	  	 	50% - 80%	 	  	 	40% - 60%	 	  	 	30% - 40%	 	  	 	20% - 30%	 
		
	Percentages are indicative and represent percentage of fixed compensation	  
	  			

 The grant quantum varies for individual employees in various businesses due to multiple factors as highlighted below: 

 

	 	•	 	 Business recommendation on category and grant 

 

	 	•	 	 Individual fixed pay in comparison to grade average fixed pay 

 

	 	•	 	 Key executive, high-potential employee and critical position holder consideration 

 

	 	•	 	 Respective business entity performance during previous year 

 

	 	•	 	 Employees in critical functions including Finance, Commercial & Marketing, HR, Legal, Exploration,
Geology, Mining, HSE, Digital 

  

	 	•	 	 High Potential Talent: identified through various platforms such as Workshop leaders, V- Reach Talent, V-Lead and other diversity leaders etc. 

  

	6.	 Performance Condition 

The number of options granted shall have performance based vesting component. However, continued employment with the company from the date of grant till the
date of vesting shall be construed condition to be eligible for any vesting. 
 The Performance conditions as proposed for the scheme are: 

Performance Parameters: 
  
 

 

 

 
  

 Business Performance –Volume, Cost & Net Sales Realization (NSR), EBITDA & FCF,
ESG (Environment, Sustainability and Governance) and Carbon Footprint are metrics which shall be considered for evaluating Business Performance. The weightage of each parameter is built in the manner of their relevance / impact on each business for
appropriate alignment. Vesting of awards will be dependent on the business performance parameters of the respective business/SBU entities as applicable in the group for 3 consecutive financial years (starting from the year of grant).  

The Target, Threshold, and corresponding Actual performance values of business wise metrices shall be the same as will be used for computing the Annual Bonus
for the respective financial years under the approved Annual Bonus Scheme for the year. 
  

	 	•	 	 For employees at SBU, only respective SBU performance will be applicable as part of business performance metric

  

	 	•	 	 For Business Exco members at SBUs, business performance evaluation will be 60% of respective SBU and 40% business
performance 

  

	 	•	 	 Similarly, for Group Exco members at businesses, business performance evaluation will be 60% respective business
and 40% Vedanta Limited performance. For Exco members in corporate, business performance evaluation will be on Vedanta Limited performance 

  

	 	•	 	 For employees at Corporate and enabling functions in businesses, business performance evaluation will be at group
/ business level as applicable 

  

	 	•	 	 Business specific performance parameters which are applicable at business level such as NSR etc. will be computed
at business level itself 

 Sustained Individual Performance: Individual performance is a performance condition for vesting of
awards under the Employee Stock Option Scheme. Vesting of awards will be dependent on the annual performance ratings of the individual employees for 3 consecutive financial years (starting from the year of grant). 

Management Discretion: Management Discretion is an additional performance condition for vesting of awards under the Employee Stock Option Scheme.
Vesting of awards will be dependent on the real contribution, taking up elevated role / additional responsibility and superior performance of employees during the vesting period 

Performance Parameter Weightage: The weightage of the performance parameters will vary by business depending on the relevance of metric for respective
business entity as below:  

 

 
  

																																	
	 Performance Parameters
	 
	 Business

Category*
	  	Business Performance (40%)#	 	 	Sustained
Individual
Performance	 	 	Mgmt.
Discretion	 
	  	Volume	 	 	Cost	 	 	NSR	 	 	EBITDA	 	 	FCF	 	 	ESG /
Carbon
Footprint	 
	 HZL / VZI / Oil
	  	 	60	% 	 	 	15	% 	 	 	10	% 	 	 	—  	 	 	 	—  	 	 				 				 			
	 VL-J (incl. Lanjigarh) / Balco / VAB / SC /
FG
	  	 	20	% 	 	 	50	% 	 	 	15	% 	 	 	—  	 	 	 	—  	 	 				 				 			
	 IOG / IOK / VGCB/ FACOR
	  	 	50	% 	 	 	10	% 	 	 	25	% 	 	 	—  	 	 	 	—  	 	 	 	15	% 	 	 	40	% 	 	 	20	% 
	 TSPL
	  	 	25	% 	 	 	10	% 	 	 	—  	 	 	 	—  	 	 	 	50	% 	 				 				 			
	 ESL
	  	 	30	% 	 	 	10	% 	 	 	10	% 	 	 	35	% 	 	 	—  	 	 				 				 			
	 Corporate
	  	 
	Weighted Average (Based on
Target EBITDA)	 
 	 				 				 			

 The above matrix is for M4 & above and will be cascaded in similar proportion for below grades 

 

	#	 The performance achievement for each business will be evaluated against internal business plan and respective
peer comparison (Volume, Cost & NSR) 

	*	 For appropriate alignment with business metrics, Cost element for TSPL will be evaluated as per NSHR < 2400.
Vedanta Aluminium Lanjigarh will be measured based on Vedanta Aluminium – Jharsuguda performance. Corporate will be a Weighted Average of all the entities based on Target EBITDA 

The vesting will be finalized by NRC or any other committee as may be constructed by the NRC for arriving at final
pay-out for each employee on the basis of sustained value add over the vesting period 
  

	7.	 Performance Period 

Business Performance: The performance period for the business/SBU performance based option will be a period of 3 financial years (1st April – 31st
March) i.e. FY 2021-22; FY 2022-23 and FY 2023-24. 
 Sustained
Individual Performance: The performance period for the individual performance-based option will be a period of 3 financial years (1st April – 31st March) i.e. FY 2021-22; FY 2022-23 and FY 2023-24. 
 Management Discretion: Vesting period from Date
of Grant to Date of Vesting. 
 However, the overall vesting basis performance will be on completion of the vesting period i.e. 1 November 2024.
Furthermore, for an employee to be eligible for performance – based vesting, he/she should in continued employment as on the date of vesting 

 

 
  

	8.	 Vesting Schedule 

Business Performance: 
 At the end of the performance
period, the testing of performance under business/SBU performance condition for each of the three financial years shall be done individually with equal weightage for overall vesting. 50% of the award shall vest for achieving threshold performance
increasing pro-rata to full vesting for achievement of 100% of target. 
  

																	
	 Illustration for Business/SBU Performance
Condition
	 
	 Particulars
	  	Year 1	 	 	Year 2	 	 	Year 3	 	 	Overall	 
	 Weightage
	  	 	33	% 	 	 	33	% 	 	 	33	% 	 	 	100	% 
	 Threshold Performance (in %age) - Varying from Business to Business and Year to Year
	  	 	70	% 	 	 	75	% 	 	 	80	% 	 	 	Not Applicable	 
	 Achievement %age
	  	 	80	% 	 	 	70	% 	 	 	90	% 	 	 	Not Applicable	 
	 Pay-out %age at Threshold
	  	 	50	% 	 	 	50	% 	 	 	50	% 	 	 	50	% 
	 Actual Vesting %age
	  	 	67	% 	 	 	Nil	 	 	 	75	% 	 	 	47	% 

 Sustained Individual Performance: 

At the end of the performance period, the testing of performance under sustained individual performance for each of the three financial years shall be done
individually. The vesting shall be determined based on sustained performance over the vesting period as per below table: 
  

					
	 Multiplier**: Sustained Individual
Performance
 Vesting schedule
	 
	 Rating Combination
	  	% of Options that Vest	 
	 A rating in all three years
	  	 	125	% 
	 Top 2 ratings in 3 years
	  	 	100	% 
	 One out of 3 years is C
	  	 	25	% 
	 Two out of 3 years is C
	  	 	0	% 
	 CCC
	  	 	0	% 
	 D in any year
	  	 	0	% 

  

	**	 The Multiplier is applicable on overall performance parameters 

The vesting will be finalized by NRC or any other committee as may be constructed by the NRC for arriving at final
pay-out for each employee on the basis of sustained value add over the vesting period 

 

 
  

 Positive Fatality Multiplier: 

The positive fatality multiplier is introduced in the scheme to reward Nil fatality during the vesting period. In case of nil fatality in the Organization /
Business during the vesting period, the overall vesting shall be multiplied by 110% resulting in enhanced vesting by 10%. 
  

	9.	 Exercise Price 

The exercise payable by employee shall be face value of the share i.e. INR 1. 
  

	10.	 Exercise Period 

Employees shall have 6 months to exercise the vested shares. The shares which are not exercised within this period shall lapse and become available for future
grants. 
  

	11.	 Administration 

We propose that the scheme be managed through an ESOP trust in India. The trust shall be funded by the company to purchase shares from the secondary market.
The scheme shall be administered through a third party appointed by the Company (ESOP Direct) 
  

	12.	 Accounting 

Accounting of the plan will be as per SEBI Share Based Employee Regulations, 2014. Under IND-AS, the accounting shall
be done on fair value basis. Expensing will be done on a fair-value basis. 

 

 
  

 Guidelines on coverage in ESOS 2021 

 

	 	•	 	 One-third of the eligible professional population will be covered.

  

	 	•	 	 Employees with a rating of not less than ‘Valued’ & few exceptional ‘Consistent’ rated
employees in the last completed appraisal of FY 20-21 will be eligible for coverage. 

  

	 	•	 	 Employees falling in key talent category (such as Workshop Leaders, VLDP etc.) will be specifically covered under
the ESOS 2021 grant 

  

	 	•	 	 Employees who have been promised stock options as part of employment contract 

 

	 	•	 	 Other M6 entry level freshers should have completed at least 1 year of service as on 1st August 2021 and M7 entry level freshers should have completed at least 2 years of service as on 1st August 2021 

 

	 	•	 	 Exceptional performers and V Reach talent in top 2 ratings under M8 & M9 grade to be covered

  

	 	•	 	 Employees due to retire in the next 12 months will not be eligible, few exceptional employees will be covered

  

	 	•	 	 The eligible population will be plotted on performance and potential matrix 

 

	 	•	 	 Factors determining potential levels: 

 

	 	•	 	 Key strategic initiatives over and above the work responsibilities and the impact on the unit/business/group at
large. 

  

	 	•	 	 Key talent (identified in succession pipeline / scalable to large role, role / person - criticality)

  

	 	•	 	 Demonstrated mobility having moved over units / functions / locations. 

 

	 	•	 	 Stakeholder relations including external influence 

 

	 	•	 	 Any employee covered under the above scheme leaving the organization before the vesting date will be treated as
per the ground rules under ESOS 2016 scheme shown in NRC earlier 

 

 
  

 Annexure 2: Grant of Conditional Cash Awards (Cash Plan) 2021 in line with Employee Stock Option Grants
2021 
 The conditional cash awards have been aligned with employee stock option grants and all terms and conditions pertaining to employee stock option
grant and vesting shall be applicable to conditional cash awards with an exception that the grant will be notional shares or cash units which will convert to cash and not Vedanta shares upon vesting. 

Eligibility 
 The following category of employees are
being covered under Vedanta Conditional Cash Awards: 
  

	 	1.	 Critical employees in Vedanta Zinc International (VZI) 

 

	 	2.	 Expats to be covered under Long Term Incentive Plan from various businesses 

 

	 	3.	 Other employees to be covered under Long Term Incentive Plan but have not been included in Employee Stock
Option Plan 

 Summary of the 4th Grant 

The number of notional shares required, and the cost estimates are presented in the table below: 

 

					
	 Share Usage and Cost
	  	Details	 
	 Total # of Vedanta Ltd. Shares Grant under 4th
Cycle
	  	 	*14,14,000	 
	 Total Valuation of the Units Proposed for Conditional Cash Awards 2021 Grant (Share price
considered @330 INR)**
	  	 	INR 45 Crores	 
	 Total Employee Covered under Conditional Cash Awards 2021 Grants
	  	 	105	 
	 Total # of Vedanta Ltd. Shares Grant under 3rd
Cycle
	  	 	8,00,000	 
	 Total # of Vedanta Ltd. Shares Grant under 2nd
Cycle
	  	 	19,43,720	 
	 Total # of Units Granted under 1st
Cycle
	  	 	9,37,430	 

  

	*	 Includes 50,000 notional awards to meet the new joinees share allotments. We intend to cover new joinees in the
scheme effective their joining. The individual will be granted units effective 1st day of the immediately succeeding quarter in line with ESOS 2016 scheme wherein vesting will be on completion of the 36-month
performance period from the date of grant subject to achievement of performance conditions and continued employment as on the date of vesting. 

	**	 The final share price shall be considered as for ESOS 2021 as per the closing price on 29 October 2021

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