Document:

TWC_EX10.9_ToddPenegorEmploymentLetter

EXHIBIT 10.9
May 8, 2013

Via Email: Todd.Penegor@kellogg.com
Mr. Todd Penegor

Dear Todd:

The Wendy’s Company (the “Company” or “Wendy’s”) is pleased to confirm the offer of employment for the position of Chief Financial Officer (“CFO”) on the terms stated herein.  Your start date is June 3, 2013.

1.    Compensation and Benefits.  The following is a summary of your compensation and benefits, but it does not contain all the details.  The complete understanding between the Company and you regarding your benefits is governed by legal plan documents.  

a.     Base Salary.  Your starting base annualized salary will be $625,000, paid on a bi-weekly basis.  Your base salary is subject to annual review by the Compensation Committee of the Company’s Board of Directors.

b.    One-Time Sign-On Bonus.  The Company will pay you a one-time sign-on bonus in the lump sum of $250,000.  This payment will be made in the next regular pay cycle after you have completed 30 days of continued, active employment.  Should your employment with the Company be terminated voluntarily or for cause, within one year of your hire date, you will be required to repay 100% of the after-tax portion of sign-on bonus.  

c.    Annual Incentive.  You will be eligible to receive a bonus under the terms and conditions of the bonus plan provided to similarly situated senior officers of the Company, which currently provides for a target bonus of 75% of your annual base salary, provided targets and performance measures set by the Company are achieved.  In recognition of your forfeiture of certain incentive payments from your prior employer, you will be entitled to a full year bonus for 2013.

d.    Benefits. You shall be entitled to participate, in any retirement, deferred compensation, fringe benefit, or welfare benefit plan of the Company on the same terms as provided to similarly situated senior officers of the Company, including any plan providing  prescription, dental, disability, employee life, group life, accidental death, travel accident insurance benefits and car allowance program that the Company may adopt for the benefit of similarly situated officers, in accordance with the terms of such plan.  

e.    Equity Award at Start Date.  Upon commencement of your employment, you will be eligible to receive an award of restricted stock units with an award value of $1,270,000 and non-qualified stock options with a value equal to $130,000.  The number of stock options and restricted stock units awarded will be based on award values on the date of grant by the Performance 

May 8, 2013
Page 2

Compensation Subcommittee (the “Subcommittee”) determined in accordance with FASB ASC Topic 718.  
f.    2013 Equity Award.  You will also be eligible for an equity award with an award value equal to $950,000 on the date the Subcommittee grants awards to other similarly situated senior executives of the Company.  The Subcommittee will determine how the award will be allocated between stock options and other forms of equity as the Subcommittee in its discretion determines.

g.    Subsequent Equity Awards.  Commencing in 2014, you will be eligible to receive awards under the terms and conditions of the Company’s annual long-term incentive award program in effect for other similarly situated senior executives of the Company.

h.    Vacation.  You will be eligible for 4 weeks of vacation per year in accordance with the terms of Wendy’s Vacation Policy.

i.    Deductions and withholding.  All forms of compensation referenced in this letter are subject to all applicable deductions and withholdings.  

2.    Duties and Responsibilities.  While employed by the Company, you will devote your full business time, interests and effort to performance of your duties as CFO.  Your services will be based from the Company’s Dublin, Ohio location.  You will also be expected to undertake a reasonable amount of travel in the performance of your duties.

3.    Relocation.  The Company will pay your relocation expenses in accordance with the applicable Relocation Policy.  A copy of the Relocation Policy is available upon request.

4.    Noncompete/Nonsolicitation/Employee No-Hire.  

a.    You acknowledge that as CFO you will be involved, at the highest level, in the development, implementation, and management of Wendy’s business strategies and plans, including those which involve Wendy’s finances, marketing and other operations, and acquisitions and, as a result, you will have access to Wendy’s most valuable trade secrets and proprietary information.  By virtue of your unique and sensitive position, your employment by a competitor of Wendy’s represents a material unfair competitive danger to Wendy’s and the use of your knowledge and information about Wendy’s business, strategies and plans can and would constitute a competitive advantage over Wendy’s.  You further acknowledge that the provisions of this Section 4 are reasonable and necessary to protect Wendy’s legitimate business interests.

b.    In view of clause (a) above, you hereby covenant and agree that during your employment with Wendy’s and either (x) in the event your employment with Wendy’s is terminated “without cause”, for a period of twenty-four (24) months following such termination, or (y) in the event your employment with Wendy’s is terminated for Cause, for a period of twelve (12) months following such termination:

May 8, 2013
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(i)    in any state or territory of the United States (and the District of Columbia) or any country where Wendy’s maintains restaurants, you will not engage or be engaged in any capacity, “directly or indirectly” (as defined below), except as a passive investor owning less than a two percent (2%) interest in a publicly held company, in any business or entity that is competitive with the business of Wendy’s or its affiliates.  This restriction includes, without limitation,  any business engaged in drive through or  food service restaurant business typically referred to as “Quick Service” restaurants (such as Burger King, McDonald’s, Jack in the Box, Yum! Brands, Inc., Tim Hortons Inc. etc.), or “Fast Casual” restaurants (such as Panera Bread and Chipotle Grill, etc.) Notwithstanding anything to the contrary herein, this restriction shall not prohibit you from  accepting employment, operating or otherwise becoming associated with a franchisee of Wendy’s, any of its affiliates or any subsidiary of the foregoing, but only in connection with activities associated with the operation of such a franchise or activities that otherwise are not encompassed by the restrictions of this paragraph, subject to any confidentiality obligations contained herein;

(ii)    you will not, directly or indirectly, without Wendy’s prior written consent, hire or cause to be hired, solicit or encourage to cease to work with Wendy’s or any of its subsidiaries or affiliates, any person who is at the time of such activity, or who was within the six (6) month period preceding such activity, an employee of Wendy’s or any of its subsidiaries or affiliates at the level of director or any more senior level or a consultant under contract with Wendy’s or any of its subsidiaries or affiliates and whose primary client is such entity or entities; and 

(iii)    you will not, directly or indirectly, solicit, encourage or cause any franchisee or supplier of Wendy’s or any of its subsidiaries or affiliates to cease doing business with Wendy’s or subsidiary or affiliate, or to reduce the amount of business such franchisee or supplier does with Wendy’s or such subsidiary or affiliate.

c.    For purposes of this Section 4, “directly or indirectly” means in your individual capacity for your own benefit or as a shareholder, lender, partner, member or other principal, officer, director, employee, agent or consultant of or to any individual, corporation, partnership, limited liability company, trust, association or any other entity whatsoever; provided, however, that you may own stock in Wendy’s and may operate, directly or indirectly, Wendy’s restaurants as a franchisee without violating Sections 4(b)(i) or 4(b)(iii).

d.    If any competent authority having jurisdiction over this Section 4 determines that any of the provisions of this Section 4 is unenforceable because of the duration or geographical scope of such provision, such competent authority shall have the power to reduce the duration or scope, as the case may be, of such provision and, in its reduced form, such provision shall then be enforceable. In the event of your breach of your obligations under the post employment restrictive covenants, then the post employment restricted period shall be tolled and extended during the length of such breach, to the extent permitted by law.

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5.    Confidential Information.  You agree to treat as confidential and not to disclose to anyone other than Wendy’s and its subsidiaries and affiliates, and their respective officers, directors, employees and agents, and you agree that you will not at any time during your employment and for a period of four years thereafter, without the prior written consent of Wendy’s, divulge, furnish, or make known or accessible to, or use for the benefit of anyone other than Wendy’s, its subsidiaries, and affiliates, any information of a confidential nature relating in any way to the business of Wendy’s or its subsidiaries or affiliates, or any of their respective franchisees, suppliers or distributors, unless (i) you are required to disclose such information by requirements of law, (ii) such information is in the public domain through no fault of yours, or (iii) such information has been lawfully acquired by you from other sources unless you know that such information was obtained in violation of an agreement of confidentiality. You further agree that during the period referred to in the immediately preceding sentence you will refrain from engaging in any conduct or making any statement, written or oral that is disparaging of Wendy’s, any of its subsidiaries or affiliates or any of their respective directors or officers.  

6.    Severance.  In the event the Company terminates your employment without Cause (with “Cause” being hereinafter defined), in exchange for your execution of a general release of any and all claims concerning your employment and termination thereof in favor of the Company (and its subsidiaries, agents, employees, directors, etc.), you shall receive the following:

a.    One year of salary continuation (at your annual base rate of salary in effect as of the termination) without offset for subsequent employment from date of termination, paid on a biweekly basis.  These biweekly payments would also include installments of annual incentive paid for the year prior to the year of termination;

b.    Second year of salary continuation (at your annual base rate of salary in effect as of the termination), subject to offset for subsequent employment;

c.    Prorated annual incentive payment for year of termination, payable when annual incentives are paid to other senior executives of the Company;

d.    Unvested equity would vest pro rata (on a monthly basis) to the date of termination, unless terms of awards are more favorable.  Any performance-based equity would be determined based on plan and award terms.  Vested stock options would be exercisable for one year after the date of termination; and 

e.    Lump sum cash payment of $30,000.

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You shall not be entitled to severance in the event the Company terminates your employment for Cause or in the event you voluntarily resign or terminate your employment with the Company.  For the purposes of this agreement, "Cause" may include (i) commission of any act of fraud or gross negligence by you in the course of your employment hereunder that, in the case of gross negligence, has an  adverse effect on the business or financial condition of Wendy’s or any of its affiliates; (ii) willful  misrepresentation at any time by you to Wendy’s or the Board; (iii) willful failure or refusal to comply with any of your  obligations hereunder or to comply with a reasonable and lawful instruction of the President and/or Chief Executive Officer of Wendy’s or the Board; (iv) engagement by you in any conduct or the commission by you of any act that is, in the reasonable opinion of the Board,  injurious or detrimental to the substantial interest of Wendy’s or any of its affiliates; (v) your commission of or indictment for any felony, whether of the United States or any state thereof or any similar foreign law to which you may be subject; (vi) any failure substantially to comply with any material written rules, regulations, policies or procedures of Wendy’s furnished to you; (vii) any willful or negligent failure to comply with Wendy’s policies regarding insider trading; (viii) your death; or (ix) your inability to perform all or a substantial part of your duties or responsibilities on account of your illness (either physical or mental) for more than ninety (90) consecutive calendar days or for an aggregate of one-hundred fifty (150) calendar days during any consecutive nine (9) month period.  A termination for Cause shall include a determination by the Company within six (6) months following your termination without Cause that circumstances existed during your employment that would have justified a termination by the Company with Cause.  In such event, the Company reserves the right to discontinue any severance payments described above and to require you to reimburse the Company any severance amounts already paid to you.

6.    Miscellaneous.  If there is a discrepancy between the information in this letter and the legal plan documents, the legal plan documents will govern.  The Company reserves the right to amend, modify, suspend or terminate any of its benefit plans at any time for any reason without prior notice.  By accepting this position of CFO on the terms stated herein, you acknowledge that your employment is “at-will.”  This means that you may resign from the Company, or the Company may end the employment relationship, at any time, with or without cause, and with or without notice.

Please consider the information contained in this letter.  Once you have had an opportunity to consider this letter, and provided you wish to accept the position of CFO on the terms outlined herein, please return an executed copy of this letter to the undersigned on or before the close of business on May 9, 2013.

    

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Should you have any questions, please do not hesitate to contact me.

Yours truly,

/s/ Scott A. Weisberg

THE WENDY'S COMPANY
Scott Weisberg 
Chief People Officer

ACCEPTED AND AGREED:    

	
	
	/s/ Todd Penegor

	Todd Penegor

	5/8/2013

	DateEX-10.1

 Exhibit 10.1 
 EXECUTION VERSION 
 SETTLEMENT AGREEMENT 

This Settlement Agreement, dated as of April 26, 2013 (this “Agreement”), is entered into by and among Eastman
Kodak Company, a corporation organized under the laws of the State of New Jersey, on behalf of itself and the Debtors, as defined below (“Kodak”), Kodak Limited, a company formed under the laws of England and Wales
(“KL”), Kodak International Finance Limited, a company formed under the laws of England and Wales (“KIFL”), Kodak Polychrome Graphics Finance UK Limited, a company formed under the laws of England and Wales
(“KPGF”), and the KPP Trustees Limited (“KPP”) as trustee for the Kodak Pension Plan of the United Kingdom (the “Pension Plan”). Each of Kodak, KL, KIFL, KPGF and the KPP is a “Party” and
collectively are “Parties” to this Agreement. 
 W I T N E S S E T H: 

WHEREAS, on January 19, 2012 (the “Petition Date”), Kodak and its affiliated debtors (the
“Debtors”) filed voluntary petitions for relief under Chapter 11 of title 11 of the United States Code, 11 U.S.C. §§ 101 et. seq. (the “Bankruptcy Code”), with the United States Bankruptcy Court for the
Southern District of New York (the “Bankruptcy Court”), commencing their Chapter 11 bankruptcy cases (the “Bankruptcy Cases”); 
 WHEREAS, the Debtors are operating their businesses and managing their properties as debtors-in-possession pursuant to sections 1107(a) and 1108 of the Bankruptcy Code; 

WHEREAS, KL is a non-debtor subsidiary of Kodak operating its business in the United Kingdom, and KIFL and KPGF are wholly-owned
non-debtor subsidiaries of KL operating in the United Kingdom; 
 WHEREAS, KL is the sole participating employer under the
Pension Plan, and KL is obligated under the Pension Plan Documents and under the Pensions Act 2004 to make certain payments and perform certain obligations in accordance therewith, and the ability of KL to meet its funding obligations under the
Pension Plan has been guaranteed by Kodak and KPGF to the extent set forth in the Guaranty Documents; 
 WHEREAS, on or about
July 16, 2012, the KPP filed the KPP Claims in the Bankruptcy Cases in respect of the Guaranty and in respect of a possible financial support direction or contribution notice by the Regulator; 

WHEREAS, simultaneously herewith, Kodak, on one hand, and the KPP, on the other hand, have entered into that certain Stock and Asset
Purchase Agreement attached hereto as Exhibit A (the “SAPA”), which SAPA provides for the transfer of certain assets and liabilities of Kodak and certain of its affiliates to the KPP (and/or its affiliates) in exchange for
cash payment, the assumption of certain liabilities, the KPP Cash Consideration Notes and the KPP Notes, and reflects the final settlement of the KPP Claims and the KL Claim pursuant to the terms and conditions of this Agreement (the
“Settlement”); 

 WHEREAS, in order to effectuate the SAPA, the Parties have agreed to the Settlement, but
only on the terms and conditions set forth in this Agreement; 
 WHEREAS, Kodak is receiving the following; (i) a
“determination notice” from the Regulator stating that the Regulator will issue Clearance Statements in respect of the Settlement and the transaction anticipated by the Transaction Documents and the RAA Deed; (ii) a
“determination notice” from the Regulator stating that it intends to issue a “notice of approval” (in accordance with Regulation 7A(2) of the Employer Debt Regulations) in respect of the Regulated Apportionment Arrangement; and
(iii) a letter from the Pension Protection Fund stating, for the purposes of Regulation 7A(1)(d) of the Employer Debt Regulations, that it will not object to the Regulated Apportionment Arrangement (the “PPF Non-Objection”)
(clauses (i) through (iii) collectively the “Signing-Day Regulatory Approvals”); 
 WHEREAS, the
Settlement contemplated by this Agreement is subject to the approval of the Bankruptcy Court and will only be consummated pursuant to and in accordance with Section 105 of the Bankruptcy Code and Rule 9019 of the Federal Rules of Bankruptcy
Procedure (the “Bankruptcy Rules”); and 
 NOW, THEREFORE, in consideration of the promises and the mutual
representations, warranties, covenants and undertakings contained herein, and upon the approval of the Bankruptcy Court, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto,
intending to be legally bound, agree as follows: 
 ARTICLE I 

DEFINED TERMS 
 1.1 Definitions. As used in this Agreement, the following terms have the meanings set forth below: 
 “9019 Order” means an order, in form and substance reasonably acceptable to the KPP, entered by the Bankruptcy Court in the Bankruptcy Cases authorizing this Agreement and approving the
Settlement on the terms and conditions set forth herein. 
 “Agreement” has the meaning set forth in the
recitals to this Agreement. 
 “Approval Date” means the date on which the Regulator issues a “notice of
approval” (in accordance with Regulation 7A(2) of the Employer Debt Regulations) in respect of the Regulated Apportionment Arrangement. 
 “Bankruptcy Cases” has the meaning set forth in the recitals to this Agreement. 
 “Bankruptcy Code” has the meaning set forth in the recitals to this Agreement. 
 “Bankruptcy Court” has the meaning set forth in the recitals to this Agreement. 

 “Bankruptcy Rules” has the meaning set forth in the recitals to this
Agreement. 
 “Chapter 11 Plan” means the Debtors’ joint plan of reorganization filed pursuant to Chapter
11 of the Bankruptcy Code, which Chapter 11 Plan provides for, among other things, the consummation of the SAPA and the Settlement. 
 “Clearance Statements” means clearance statements issued by the Pensions Regulator under section 42 or 46 of the Pensions Act, 2004, §§ 1 et. seq., c. 35 (Eng.). 

“Closing” has the meaning set forth in the SAPA. 

“Debtors” has the meaning set forth in the recitals to this Agreement. 

“Disclosure Statement” means the disclosure statement of the Debtors, filed pursuant to Section 1125 of the
Bankruptcy Code, in connection with the Debtors’ Chapter 11 Plan. 
 “Effective Date” has the meaning set
forth in Section 3.1 of this Agreement. 
 “Employer Debt Regulations” means the Occupational Pension
Schemes (Employer Debt) Regulations 2005 (Eng.). 
 “Guaranty” means the obligations of Kodak under the
Guaranty Documents to guaranty KL’s ability to meet its funding obligations under the Pension Plan. 
 “Guaranty
Documents” means (i) that certain guaranty, dated as of October 9, 2007 (as subsequently amended, modified and/or supplanted on October 12, 2010, and December 31, 2011) among the KPP, KL and Kodak, (ii) that certain
guaranty agreement, dated as of October 9, 2007 (as subsequently amended, modified and/or supplanted on October 12, 2010 and July 22, 2011, and December 31, 2011), among the KPP, KL and Kodak, and (iii) that certain
guaranty, dated as of March 29, 2010 as amended from time to time among the KPP, and KPGF, in each case in respect of the Pension Plan. 
 “Implementation Date” has the meaning set forth in Section 3.2 of this Agreement. 
 “June 2012 Payment” means that certain annual contribution payment to the Pension Plan due as of June 30, 2012 in an amount of approximately $55,000,000 owed by KL to the KPP.

 “KIFL” has the meaning set forth in the recitals to this Agreement. 

“KL” has the meaning set forth in the recitals to this Agreement. 

“KL Claim” means that certain claim filed in the Bankruptcy Cases as claim numbered 4977 by KL against Kodak on or about
July 16, 2012 with respect to the Guaranty. 
 “Kodak” has the meaning set forth in the recitals to this
Agreement. 

 “Kodak Claims” means any and all claims of the Debtors for subrogation or
contribution arising from the Guaranty, the KPP Claims or from liability in respect of the Pension Plan. 
 “Kodak
Parties” means KL, KIFL, KPGF, Kodak, the Debtors and the Debtors as reorganized pursuant to the Chapter 11 Plan. 

“KPGF” has the meaning set forth in the recitals to this Agreement. 

“KPGF Guaranty” means the obligations of KPGF under the Guaranty Documents to guaranty KL’s ability to meet its
funding obligations under the Pension Plan. 
 “KPP” has the meaning set forth in the recitals of this
Agreement. 
 “KPP Cash Consideration Notes” has the meaning set forth in the SAPA. 

“KPP Claims” means those certain claims filed by the KPP against the Debtors on or about July 16, 2012, with regard
to the Debtors’ liability under the Pension Plan. For the avoidance of doubt, the KPP Claims include (i) that certain guaranty claim filed against Kodak in the principal amount of $2,837,000,000 in relation to the Guaranty, and
(ii) those certain “financial support direction” and “contribution notice” claims in unliquidated amounts filed against each Debtor, which KPP Claims have been filed in the Bankruptcy Cases as claims numbered 4716, 4717,
4718, 4719, 4720, 4722, 4723, 4724, 4725, 4726, 4727, 4728, 4729, 4730, 4731, 4732 and 4733. 
 “KPP Notes” has
the meaning set forth in the SAPA. 
 “KPP Payment” means any contributions, payments, levies (including the
Pension Protection Fund levy), expenses, obligations or other amounts which are, or may in the future be owed, to the KPP by KL or its affiliates (whether presently known or unknown) in connection with the Pension Plan (including, for the avoidance
of doubt, the June 2012 Payment and the annual contribution payment to the Pension Plan due on or about June 30, 2013 owed by KL to the KPP). 
 “Members” means individuals participating in the Pension Plan. 

“New Pension Plan” means a new pension plan which may be created following the Settlement, which will provide benefits
to Members on the terms and conditions set forth therein. 
 “Outside Date” has the meaning set forth in
Section 4.2 of this Agreement. 
 “Pension Plan” has the meaning set forth in the recitals to this
Agreement. 
 “Pension Plan Documents” means the recovery plan (such term having the meaning given to it in
section 226 of the Pensions Act, 2004, §§ 1 et. seq., c. 35 (Eng.)) between KL and the KPP dated 30 September 2010 and the schedule of contributions (such term having the meaning given to it in section 227 of the Pensions Act, 2004,
§§ 1 et. seq., c. 35 (Eng.)) between KL and the KPP dated 30 September 2010. 

 “Pension Protection Fund” means the Board of the Pension Protection
Fund of the United Kingdom, authorized pursuant to the Pensions Act, 2004, §§ 1 et. seq., c. 35 (Eng.).  

“Petition Date” has the meaning set forth in the recitals to this Agreement. 

“PPF Non-Objection” has the meaning set forth in the recitals to this Agreement. 

“RAA Deed” means an effective deed, in form and substance substantially the same as that which is attached to the SAPA,
under which the Regulated Apportionment Arrangement is agreed to by the parties to that deed. 
 “Regulated
Apportionment Arrangement” means the regulated apportionment arrangement contemplated by the RAA Deed. 

“Regulator” means the Pensions Regulator of the United Kingdom, authorized pursuant to the Pensions Act, 2004,
§§ 1 et. seq., c. 35 (Eng.). 
 “SAPA” has the meaning set forth in the recitals to this Agreement.

 “Settlement” has the meaning set forth in the recitals to this Agreement. 

“Signing-Day Regulatory Approvals” has the meaning set forth in the recitals to this Agreement. 

“Standstill Period” has the meaning set forth in Section 6.1 of this Agreement. 

“Transaction Documents” means this Agreement, the SAPA and the Ancillary Agreements (as defined in the SAPA).

 ARTICLE II 
 SETTLEMENT AND RELEASE 
 2.1 Termination of Kodak Party Pension
Obligations. On the Implementation Date, without the need for the execution or delivery of any additional documentation, or any other act by any Party or any other person, all of the Pension Plan Documents and Guaranty Documents shall be deemed
by the Parties to be null and void and of no further force and effect in respect of the Kodak Parties, and all obligations of the Kodak Parties thereunder (whether or not they have arisen prior to the Implementation Date) shall cease. 

2.2 KPP Release of Claims. On the Implementation Date, without the need for the execution or delivery of any additional
documentation, or any other act by any Party or any other person, except as set forth in or contemplated by the SAPA and the other Ancillary Agreements contemplated by or referenced therein, the KPP, in every capacity in which the KPP may now or in
the future act, and on behalf of each of the KPP’s respective advisors, representatives, attorneys, successors and permitted assigns, and predecessors, and any other person or entity that claims or might claim through, on behalf of, or for the
benefit of, any of the foregoing, 

 
whether directly or derivatively, unconditionally, fully and forever releases, discharges, and acquits each of the Kodak Parties, their direct and indirect parents, direct and indirect
subsidiaries (whether wholly or partially owned), affiliates, executors, estates, heirs, and assigns, and each of their respective current and former partners, agents, officers, directors, employees, advisors, representatives, attorneys, successors,
and predecessors, and their fiduciaries, administrators, and trustees any other person or entity that claims or might claim through, on behalf of, or for the benefit of, any of the foregoing, whether directly or derivatively, from any and all
liabilities and obligations and all manner of claims, actions, suits, debts, covenants, contracts, controversies, agreements, promises, judgments, executions, rights, damages, costs, expenses, claims, and any and all demands and causes of action of
every kind, nature and character whatsoever, at law or in equity, whether based on contract (including, without limitation, quasicontract or estoppel), statute, regulation, tort (including, without limitation, intentional torts, fraud,
misrepresentation, defamation, breaches of alleged fiduciary duty, recklessness, gross negligence, willful misconduct or negligence) or otherwise, accrued or unaccrued, known or unknown, matured, unmatured, liquidated or unliquidated, certain or
contingent, which they ever had or now have or may have, arising out of or relating to the Pension Plan (including without limitation any KPP Payments, any liabilities or obligations under the Pension Plan Documents, the Guaranty, the KPGF Guaranty
or the KPP Claims), and further covenants not to support or participate in any suits, proceedings, claims or demands of any third party, including that of any regulatory authority, in respect of any matters related thereto unless required to do so
by applicable legal requirements other than contractual, fiduciary or trust law requirements, provided however, that nothing in this Section 2.2 shall modify any right or release any claim of the KPP arising under the Transaction
Documents. In further implementation of this release, on the Implementation Date, the KPP will forthwith withdraw, with prejudice, from the Bankruptcy Cases, the KPP Claims. For the avoidance of doubt, the release effected by this Section 2.2
is in addition, and without prejudice, to the Regulated Apportionment Agreement and the discharge of liabilities contemplated thereunder. 
 2.3 Kodak Party Releases. On the Implementation Date, without the need for the execution and delivery of any additional documentation, or any other act by any Party or any other person, each of
Kodak (on behalf of itself and each of the Kodak Parties, their subsidiaries and affiliates), KL, KIFL and KPGF, in every capacity in which they may now or in the future act, and each of their respective advisors, representatives, attorneys,
successors, and predecessors, and any other person or entity that claims or might claim through, on behalf of, or for the benefit of, any of the foregoing, whether directly or derivatively, unconditionally, fully and forever release, discharge, and
acquit the KPP and each of its current and former members and advisors, their direct and indirect parents, direct and indirect subsidiaries (whether wholly or partially owned), affiliates, and assigns, and each of their respective current and former
partners, advisors, agents, trustees, representatives, attorneys, successors, and predecessors from any and all manner of claims, actions, suits, debts, covenants, contracts, controversies, agreements, promises, judgments, executions, rights,
damages, costs, expenses, claims, and any and all demands and causes of action of every kind, nature and character whatsoever, at law or in equity, whether based on contract (including, without limitation, quasicontract or estoppel), statute,
regulation, tort (including, without limitation, intentional torts, fraud, misrepresentation, defamation, breaches of alleged fiduciary duty, recklessness, gross negligence, willful misconduct or negligence) or otherwise, accrued or unaccrued, known
or unknown, matured, unmatured, 

 
liquidated or unliquidated, certain or contingent, which they ever had or now have, arising out of or based upon the Pension Plan, the Guaranty, the KPGF Guaranty or the KPP Claims, provided
however, that nothing in this Section 2.3 shall modify any right or release any claim of any Kodak Party under the Transaction Documents. 
 2.4 KL and Kodak Mutual Releases. On the Implementation Date, without the need for the execution and delivery of any additional documentation, or any other act by KL or Kodak or any Party or any
other person, each of KL and Kodak, on behalf of themselves, their subsidiaries and affiliates, in every capacity in which they may now or in the future act, and each of their respective advisors, representatives, attorneys, successors, and
predecessors, and any other person or entity that claims or might claim through, on behalf of, or for the benefit of, any of the foregoing, whether directly or derivatively, unconditionally, fully and forever mutually release, discharge, and acquit
each other and each of its current and former members and advisors, their direct and indirect parents, direct and indirect subsidiaries (whether wholly or partially owned), affiliates, and assigns, and each of their respective current and former
partners, advisors, agents, trustees, representatives, attorneys, successors, and predecessors from any and all manner of claims, actions, suits, debts, covenants, contracts, controversies, agreements, promises, judgments, executions, rights,
damages, costs, expenses, claims, and any and all demands and causes of action of every kind, nature and character whatsoever, at law or in equity, whether based on contract (including, without limitation, quasicontract or estoppel), statute,
regulation, tort (including, without limitation, intentional torts, fraud, misrepresentation, defamation, breaches of alleged fiduciary duty, recklessness, gross negligence, willful misconduct or negligence) or otherwise, accrued or unaccrued, known
or unknown, matured, unmatured, liquidated or unliquidated, certain or contingent, which they ever had or now have, arising out of or based upon the Pension Plan, the Pension Plan Documents, the Guaranty, the KPGF Guaranty, the KL Claim or the Kodak
Claims, provided however, that nothing in this Section 2.4 shall modify any right or release any claim of KL or Kodak or any other Kodak Party under the Transaction Documents. In further implementation of this release, on the
Implementation Date, KL will forthwith withdraw, with prejudice, from the Bankruptcy Cases, the KL Claim. 
 2.5 Share
Issuance. In consideration of the release in Section 2.2, KL shall (and Kodak, as shareholder of KL, agrees to take all necessary steps to enable KL to do so) create a new class of non-voting ordinary shares in the capital of KL with a
nominal value of one penny each and shall issue 1000 of such shares, fully-paid, to the KPP. Those shares shall bear such rights as: 
  

	 	(a)	are consistent with them being “ordinary share capital” and “shares” for the purposes of UK Corporation Tax Act 2009; and 

 

	 	(b)	would result in their market value being lower than an amount equal to 5% of the aggregate of any cash sums and the market value of the net assets held for the
purposes of the KPP on the Implementation Date. 

 ARTICLE III 
 EFFECTIVENESS & IMPLEMENTATION 
 3.1 Effectiveness. This
Agreement shall become binding on the parties and shall be effective as of the date first written above (the “Effective Date”) upon the receipt by Kodak and the KPP of the counterparts of this Agreement, duly executed and delivered
by Kodak, KL, KPGF, KIFL and the KPP. 
 3.2 Implementation. Notwithstanding the effectiveness of this Agreement from and
after the Effective Date, the provisions of Article II hereof, and the settlement and release contemplated thereby, shall not become effective until the first date when each of the following conditions precedent to the implementation of such
settlement and release has been satisfied or waived in accordance with the terms hereof (such date, the “Implementation Date”): 
 (a) SAPA Closing. The Closing of the SAPA shall have occurred. 
 (b)
Regulated Apportionment Arrangement. The Regulated Apportionment Arrangement shall have become effective and KL shall have paid the sum payable under Clause 6.1 of the RAA Deed to the KPP. 

3.3 Closing Day Transaction Schedule. From and after the Effective Date, neither Section 2.2(a) nor Schedule 1 of the SAPA
will be waived or amended by Kodak or the KPP without the prior written consent of KL, which consent shall not be unreasonably withheld. 
 ARTICLE IV 
 TERMINATION 

4.1 General. This Agreement shall automatically terminate without any further action by any Party or other person in the event
that (a) Kodak, KL, KIFL and KPGF, on the one hand, and the KPP, on the other hand, mutually agree to such termination in writing or (b) the SAPA is terminated for any reason, including, without limitation, pursuant to Sections 4.2 and 4.3
below. 
 4.2 Termination by KPP. The KPP may terminate this Agreement effective immediately, by written notice to Kodak
in accordance with Section 7.10, if (a) there has been a material breach by any of Kodak, KL, KIFL or KPGF of their obligations hereunder, which breach is not cured within five (5) business days after the receipt of written notice of
such breach, (b) the 9019 Order is not entered by the Bankruptcy Court on or prior to the date that is sixty (60) calendar days after the date hereof, or (c) the Implementation Date has not occurred by October 2, 2013 (the
“Outside Date”). 
 4.3 Termination by Kodak. Kodak may terminate this Agreement effective immediately,
by signed written notice to the KPP in accordance with Section 7.10, if (a) there has been a material breach by the KPP of its obligations hereunder, which breach is not cured within five (5) business days after the receipt of written
notice of such breach, (b) the Regulator has not issued a “notice of approval” (in accordance with Regulation 7A(2) of the Employer Debt Regulations) in respect of the Regulated Apportionment Arrangement, in form and substance
reasonably acceptable to Kodak, on or prior to the date that is thirty-five (35) calendar days after the date that the Regulator has issued the “determination notice” relating to the RAA

 
Deed, (c) the RAA Deed, Signing-Day Regulatory Approvals or “notice of approval” shall be terminated, repudiated, vacated, reversed, set aside, or subject to appeal, reference or
judicial review (except to the extent that any such judicial review proceedings are frivolous or vexatious and are discharged, dismissed or withdrawn within three (3) business days of the KPP receiving notice of commencement), in whole or in
material part, or (d) the Implementation Date has not occurred by the Outside Date. 
 4.4 Effective Date of
Termination. If this Agreement is terminated for any reason, including, without limitation, pursuant to this Article IV, except as set forth in Section 7.5 of this Agreement, all further obligations of the Parties hereunder shall be
terminated without further liability. For the avoidance of doubt, the Standstill Period contemplated in Section 6.1 also shall terminate and all KPP Payments due and payable at that date shall be automatically due and payable in full in
accordance with their terms and applicable law. 
 ARTICLE V 

AGREEMENTS OF THE KODAK PARTIES 
 5.1 Kodak Support of the Chapter 11 Plan. Kodak agrees to use commercially reasonable efforts, and to cause the other Debtors to use commercially reasonable efforts, to obtain the confirmation and
effectiveness of the Chapter 11 Plan in form and substance reasonably satisfactory to the KPP as it relates to the Transaction Documents, and to promptly implement the terms and provisions thereof. Subject to the terms and conditions of this
Agreement and the other Transaction Documents, Kodak shall (a) on or before April 30, 2013, file the Chapter 11 Plan and the Disclosure Statement with the Bankruptcy Court, (b) on or before May 15, 2013, file a motion with the
Bankruptcy Court seeking entry of the 9019 Order, (c) use commercially reasonable efforts to obtain entry of the 9019 Order and an order or orders approving the SAPA and confirming the Chapter 11 Plan no later than August 15, 2013,
(d) use commercially reasonable efforts to cause Closing under the SAPA and substantial consummation of the Chapter 11 Plan to occur no later than September 3, 2013, (e) not amend or revise the Chapter 11 Plan to contain terms and
conditions that are materially inconsistent with this Agreement or the other Transaction Documents, and (f) not support any alternative chapter 11 plan in the Bankruptcy Cases that contains terms and conditions that are materially inconsistent
with this Agreement or the other Transaction Documents. 
 5.2 Kodak Parties Support of the Settlement and SAPA. Subject
to the terms and conditions of this Agreement, each of Kodak, KL and KPGF agrees to use commercially reasonable efforts, and Kodak shall cause the other Debtors to use commercially reasonable efforts, (a) to satisfy all conditions precedent to
the Implementation Date under this Agreement and the conditions precedent to Closing under the SAPA and (b) to cooperate with the KPP in good faith in connection with the execution, delivery and performance of the Transaction Documents and the
resolution of any dispute that may arise in connection therewith. 
 5.3 Minimum Liquidity at KL and KIFL. From and after
the Approval Date until the Implementation Date, each of KL and KIFL shall continue to provide the financial advisors to the KPP with the weekly reporting of their current liquidity positions and projected liquidity positions through the end of
calendar year 2013. In addition, from the Effective Date until the Implementation Date, KL shall maintain for each business week ending prior to June 30, 2013, a daily average cash balance exceeding £30.3 million or its
equivalent and for each business week ending after June 30, 2013 a daily average cash balance exceeding £60.6 million or its equivalent. 

 5.4 Fiduciary Duties. Notwithstanding anything to the contrary contained herein, no
provision of this Agreement shall prevent any Kodak Party, or any of its professionals, directors or officers, from taking or omitting to take any action that such person determines in good faith, after consultation with counsel, is consistent with
its or their fiduciary obligations under applicable law, provided however, that to the extent that any action taken or omitted to be taken by any Kodak Party pursuant to this Section 5.4 causes or results in a material breach of any
terms of this Agreement, nothing contained in this Section 5.4 shall operate to prevent the KPP from exercising any of its rights under this Agreement, including, without limitation, the KPP’s rights under Section 4.2 hereof.

 5.5 KL cooperation with the New Pension Plan. KL agrees that it will use commercially reasonable efforts to assist the
KPP in any preparatory steps which require input (including agreement to amend the rules of the KPP) from KL and which are reasonably required to establish the New Pension Plan (but, for the avoidance of doubt, KL will not be required to take any
steps with respect to the transfer of any Member to the New Pension Plan or any offer made to Members in relation thereto). KL will not be required to take any steps that could result in liability or potential liability to the New Pension Plan under
the governing documentation of the New Pension Plan or under statute, including becoming an “employer” (for the purposes of the Pensions Act 1995 (Eng.) or the Pensions Act 2004 (Eng.)) or an “associate” of or
“connected” with such an employer (as such terms are used in sections 249 and 435 of the Insolvency Act 1986 (Eng.)). 

ARTICLE VI 

AGREEMENTS OF THE KPP 
 6.1 Standstill Period. From and after the Effective Date, the KPP agrees not to take any action, and to use commercially reasonable efforts to have the Regulator not take any action, against any of
the Kodak Parties to exercise any rights or remedies available under the Pension Plan, KPGF Guaranty or the Guaranty or with respect to any KPP Payment that is due and unpaid or may become due and unpaid in the future (the “Standstill
Period”), provided however, that if this Agreement is terminated for any reason, including, without limitation, pursuant to Article IV, the Standstill Period shall terminate automatically without any further action by any Party or
other person and the KPP shall be permitted to take any action and exercise any and all rights and remedies available to the KPP in law or in equity. 
 6.2 Voting and Plan Support. The KPP agrees to (a) following receipt of the Disclosure Statement prepared and distributed pursuant to and satisfying the requirements of the Bankruptcy Code,
vote (no later than any voting deadline stated therein) the KPP Claims to accept the Chapter 11 Plan and otherwise support and take all reasonable actions to facilitate the proposal, solicitation, confirmation and consummation of the Chapter 11
Plan, provided that the Chapter 11 Plan is consistent with this Agreement and the SAPA (and the Ancillary Agreements contemplated by or referenced in the SAPA), (b) not seek to implement any transaction or series of transactions that would
effect a restructuring on substantially different terms from those set 

 
forth in the Chapter 11 Plan (c) not (i) directly or indirectly seek, solicit, support or encourage any other plan or the termination of the exclusive period for the filing of any plan,
proposal or offer of dissolution, winding up, liquidation, reorganization, compromise, merger or restructuring of the Debtors or (ii) object to the Disclosure Statement or the Chapter 11 Plan or the solicitation of votes for the Chapter 11 Plan
or otherwise support any such objection by a third party with respect to the same. Nothing contained herein shall limit the ability of the KPP to consult with the Debtors or any other party in interest, or to appear and be heard, concerning any
matter arising in the Bankruptcy Cases so long as such consultation or appearance is not otherwise in breach of the KPP’s obligations under this Agreement. 
 6.3 Obligation to Support the Settlement. Subject to the terms and conditions of this Agreement, the KPP agrees to use commercially reasonable efforts (a) to satisfy all conditions
precedent to the Implementation Date under this Agreement and the conditions precedent to Closing under the SAPA and (b) to cooperate with the Kodak Parties in good faith in connection with the execution, delivery and performance of the
Transaction Documents and the resolution of any dispute that may arise in connection therewith. 
 6.4 Obligation to
Support Request for Regulatory Approvals. Subject to the terms and conditions of this Agreement, the KPP agrees to use commercially reasonable efforts to cooperate with the Kodak Parties in obtaining the requisite regulatory approvals to
effectuate the Settlement. 
 ARTICLE VII 
 MISCELLANEOUS 
 7.1 Authorization. By signing below, each Party
represents and warrants to the other Parties that it has all requisite corporate, partnership, limited liability company or similar authority to enter into this Agreement and carry out the Settlement contemplated hereby and perform its obligations
contemplated hereunder, and the execution and delivery of this Agreement and the performance of such Party’s obligations hereunder shall have been duly authorized by all necessary corporate, partnership, limited liability or similar authority
of such Party. 
 7.2 Further Assurances. Each Party agrees to execute any and all documents, and to do and perform any
and all acts and things commercially reasonable to effectuate or further evidence the terms and provisions of this Agreement, and each Party agrees to cooperate with each other Party in the prosecution of the Settlement and the implementation of
this Agreement. 
 7.3 Specific Performance. The Parties agree that irreparable damage would occur in the event that any
of the provisions of this Agreement were not performed by the KPP, Kodak, KL, KIFL or KPGF in accordance with their specific terms or were otherwise breached. Accordingly, each Party and its successors or permitted assigns shall be entitled to
equitable relief to prevent or remedy breaches of this Agreement, without the proof of actual damages, including in the form of an injunction or injunctions or orders for specific performance in respect of such breaches. Each Party agrees to waive
any requirement for the security or posting of any bond in connection with any such equitable remedy. Each Party further agrees that the only permitted objection that it may raise in response to any action for equitable relief is that it contests
the existence of a breach or threatened breach of the provisions of this Agreement. 

 7.4 Entire Agreement. This Agreement, together with the other applicable Transaction
Documents, the RAA Deed and the Non-Disclosure Agreement, constitutes the entire agreement and understanding of the Parties and supersedes all prior negotiations and/or agreements, proposed or otherwise, written or oral, concerning the subject
matter hereof. 
 7.5 Survival. Notwithstanding anything to the contrary in this Agreement, including, without
limitation, the termination of this Agreement pursuant to Article IV hereof, the agreements and obligations of the Parties in Sections 7.1, 7.3, 7.13 and 7.14 shall survive such termination and shall continue in full force and effect for the benefit
of the Parties in accordance with the terms hereof. 
 7.6 Waiver. Neither this Agreement nor any provision hereof may be
waived without the prior written consent of the Party against whom such waiver is asserted. No delay or omission by any Party to exercise any right or power shall impair any such right or power or be construed to be a waiver thereof. Consent by any
Party to, or waiver of, a breach by any other Party shall not constitute consent to, waiver of, or excuse for any other different or subsequent breach. 
 7.7 Modification. This Agreement may be modified only in a writing signed by each Party hereto. 
 7.8 Severability. If any term, clause, provision, or part thereof, of this Agreement is invalidated or unenforceable by operation of law or otherwise, the Parties shall as promptly as practicable
negotiate in good faith a replacement, but legally valid, term, clause or provision that best meets the intent of the Parties. The remaining provisions of this Agreement will remain in full force and effect to the extent that the interests of the
Parties in entering this Agreement can be realized. 
 7.9 Successors and Assigns. No Party to this Agreement may assign
any of its rights hereunder without the prior written consent of the other Parties, except as set forth in this Agreement, and any purported assignment in violation of this sentence shall be void. This Agreement shall be binding upon and inure to
the benefit of the Parties hereto and their respective successors and assigns. 
 7.10 Notices. All demands, notices,
communications and reports provided for in this Agreement shall be in writing and shall be either sent by facsimile transmission with confirmation to the number specified below or personally delivered or sent by reputable overnight courier service
(delivery charges prepaid) to any Party at the address specified below, or at such address, to the attention of such other person, and with such other copy, as the recipient Party has specified by prior written notice to the sending Party pursuant
to the provisions of this Section 7.10: 

 If to any of the Kodak Parties, to: 

Eastman Kodak Company 
 343 State Street 
 Rochester, New York 14650-0218 

Attention: General Counsel 
 Telephone: (585) 724-9549 
 Facsimile: (585) 724-4332 

with a copy to: 
 Sullivan & Cromwell LLP 
 125 Broad Street 

New York, New York 10004-2498 
 Attention: Andrew G. Dietderich 

                  Stephen M. Kotran 

                  Krishna Veeraraghavan

 Telephone: (212) 558-4000 
 Facsimile: (212) 558-3588 
 and a copy to: 

Nixon Peabody LLP 
 1100 Clinton Square 
 Rochester, New York 14604 

Attention: Deborah J. McLean 
 Telephone: (585) 263-1687 
 Facsimile: (866) 666-0233 

If to the KPP, to: 
 KPP Trustees Limited 
 c/o Ben Harris, Secretary of the Trustee 

Aon Hewitt 

Verulam Point 

Station Way 

St. Albans AL1 5HE 
 Attention: Ben Harris 
 Telephone: +44 1727 888 523 

Facsimile: +44 1372 845 029 
 and 
 Ross Trustees Limited 

FAO: Steven Ross 
 Davidson House 
 Forbury Square 

Reading 

 Surrey RG1 3EU 
 Attention: Steven Ross 
 Telephone: +44 1189 001 323 

with a copy to: 
 Hogan Lovells US LLP 
 875 3rd Avenue 

New York, New York 10022 
 Attention: Christopher R. Donoho, III 

                  Derek Meilman 

Telephone: (212) 918-3000 
 Facsimile: (212) 918-3100 
 and a copy to: 

Hogan Lovells International LLP 
 Atlantic House, Holborn Viaduct 
 London EC1A 2FG, United Kingdom 

Attention: Katie Banks 
 Telephone: + 44 20 7296 2000 
 Facsimile: + 44 20 7296 2001 

If to KL, KIFL or KPGF, to: 
 Hemel One Business Centre 
 Boundary Way 

Hemel Hempstead 

Herts HP2 7YU 

Attention: Helen Isaacs 
 Telephone: +44 (0) 1442 846650 
 Facsimile: +44 (0) 1442 846591

 with a copy to: 
 Freshfields Bruckhaus Deringer LLP 
 65 Fleet Street 

London EC4Y 1HT 

Attention: Adam Gallagher 
 Telephone: + 44 20 7936 4000 
 Facsimile: + 44 20 7108 3685 

 and a copy to: 
 Freshfields Bruckhaus Deringer LLP 
 601 Lexington Avenue 

31st Floor 
 New York, NY 10022 
 Attention: Abbey Walsh 

Telephone: (212) 277-4000 
 Facsimile: (212) 277-4001 
 Any such demand, notice, communication or report shall be deemed to
have been given pursuant to this Agreement when delivered personally, when confirmed if by facsimile transmission, or on the second calendar day after deposit with a reputable overnight courier service (or when actually delivered, if earlier), as
applicable. 
 7.11 Counterparts. This Agreement may be executed by one or more of the Parties hereto in any number of
separate counterparts (which may include counterparts delivered by facsimile transmission or electronic mail) and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Any executed counterpart delivered
by facsimile transmission or electronic mail shall be effective for all purposes hereof. 
 7.12 Headings. All headings
used in this Agreement are included herein for convenience of reference only and shall not constitute a part of this Agreement for any other purpose or be given any substantive effect. 

7.13 Governing Law. Except to the extent preempted by federal law, the validity, performance, construction, interpretation, and
enforcement of this Agreement shall be governed by and construed in accordance with the internal laws of the State of New York without regard to any conflicts of law provisions which would require the application of the law of any other
jurisdiction. 
 7.14 Jurisdiction; Disputes. The Parties agree to submit to the jurisdiction of the Bankruptcy Court and
the Federal Courts in the Southern District of New York and the state courts of the State of New York, County of New York, as applicable, for purposes of all legal proceedings arising out of, or in connection with, this Agreement or the
Transactions; (iii) waives and agrees not to assert any objection that it may now or hereafter have to the laying of the venue of such action brought in any such court or any claim that any such action brought in such court has been brought in
an inconvenient forum; (iv) agrees that the mailing of process or other papers in connection with any such action or proceeding in the manner provided in Section 7.10 or any other manner as may be permitted by Law shall be valid and
sufficient service thereof; and (v) agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in any other jurisdictions by suit on the judgment or in any other manner provided by applicable Law.

 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK; SIGNATURE PAGES TO 

FOLLOW] 

 IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be executed by their respective
officers or other representatives thereunto duly authorized, as of the date first written above. 
  

			
	 EASTMAN KODAK COMPANY, on behalf of itself
 and the other Debtors

		
	        By:	 	 /s/Antonio M. Perez

	        Name:	 	Antonio M. Perez
	        Title:	 	Chairman & CEO
	
	KODAK LIMITED
		
	        By:	 	 /s/ Jan Wildman

	        Name:	 	Jan Wildman
	        Title:	 	Director
		
	        By:	 	 /s/ Helen Isaacs

	        Name:	 	Helen Isaacs
	        Title:	 	Director & Company Secretary
	
	KODAK INTERNATIONAL FINANCE LIMITED
		
	        By:	 	 /s/ Hilary Anne Robinson

	        Name:	 	Hilary Anne Robinson
	        Title:	 	Director
		
	        By:	 	 /s/ Colin Anthony Marchant

	        Name:	 	Colin Anthony Marchant
	        Title:	 	Director

 
			
	KODAK POLYCHROME GRAPHICS FINANCE UK LIMITED
		
	        By:	 	 /s/ Jan Wildman

	        Name:	 	Jan Wildman
	        Title:	 	Director
		
	        By:	 	 /s/ Derek Lambert

	        Name:	 	Derek Lambert
	        Title:	 	Director
	
	KPP TRUSTEES LIMITED
		
	        By:	 	 /s/ Steven Ross

	        Name:	 	Steven Ross
	        Title:	 	Sole Director of Ross Trustees Ltd.

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