Document:

Exhibit 99.3 to General Mills, Inc. Form 10-Q dated November 28, 2004

Exhibit 10.1

Execution Copy

FORWARD PURCHASE CONTRACT

between

GENERAL MILLS, INC.,

as the Seller,

and

LEHMAN BROTHERS OTC DERIVATIVES INC., 

as the Purchaser, 

dated as of 

October 8, 2004 

 

FORWARD PURCHASE CONTRACT 

        THIS AGREEMENT is made as of
this October 8, 2004 between GENERAL MILLS, INC., a Delaware corporation (the “Seller”), and LEHMAN BROTHERS OTC
DERIVATIVES INC., a Delaware corporation (the “Purchaser”). Lehman Brothers OTC Derivatives Inc. is not a member of
the Securities Investor Protection Corporation 

        In consideration of their
mutual covenants herein contained, the parties hereto, intending to be legally bound, hereby mutually covenant and agree as
follows: 

ARTICLE I

DEFINITIONS

        As used herein, the following
words and phrases shall have the following meanings: 

        “Act” means
the Securities Act of 1933, as amended, and the rules and regulations of the Commission promulgated thereunder. 

        “Adjustment
Event” has the meaning provided in Section 6.2. 

        “Affiliate”
means, as to any Person, any other Person that, directly or indirectly, controls, is controlled by or is under common control with
such first Person or is a partner in, or a director or officer of, such first Person. For purposes of this definition,
“control” (including the terms “controlled by” or “under common control with”)
means, as to any Person, the possession, direct or indirect, of the power to vote ten percent or more of the corporate or
beneficial interests of such Person (or of the securities having ordinary voting power for the election of directors of such
Person), or the power to direct or cause the direction of the management and policies of such Person, whether through ownership of
voting securities or by contract or otherwise. 

        “Agent” has
the meaning provided in Section 8.10. 

        “Bankruptcy
Law” means Title 11 of the United States Code or any similar federal, state or foreign law for the relief of debtors.

        “Business
Day” means any day that is not a Saturday, a Sunday or a day on which the NYSE or banking institutions or trust companies
in The City of New York are authorized or obligated by law or executive order to close. 

        “Cash
Purchase” has the meaning provided in Section 2.4. 

        “Cereals
LLC” means General Mills Cereals, LLC, a Delaware limited liability company. 

        “Cereals LLC
Agreement” means the Third Amendment and Restated Limited Liability Company Agreement, dated as of the date hereof, of
Cereals LLC. 

 

        “Closing
Price” means, for any security on any date of determination, (i) the closing sale price for the regular trading session
(without considering after hours or other trading outside regular trading session hours) of the security (regular way) on the NYSE
on such date (or, if no closing price is reported, the last reported sale price during the regular trading session), (ii) if such
security is not listed for trading on the NYSE on any such date, as reported in the composite transactions for the principal
United States securities exchange on which such security is so listed, (iii) if such security is not so listed on a United States
national or regional securities exchange, as reported by The Nasdaq Stock Market, (iv) if such security is not so reported, the
last quoted bid price for such security in the over-the-counter market as reported by the National Quotation Bureau or similar
organization, (v) if such security is not so quoted, the average of the mid-point of the last bid and ask prices for such security
from at least three nationally recognized investment banking firms, which may include one or more Affiliates of the Purchaser,
selected by the Purchaser for such purpose, or (vi) if the bid and ask prices are not available, the market value of the security
as determined in good faith by a nationally recognized investment banking firm, which may be an Affiliate of the Purchaser,
selected by the Purchaser for such purpose. The Closing Price as determined pursuant to the foregoing shall be subject to
adjustment as provided in Section 6.1(i). The calculation of the Closing Price for purposes of the definition of Daily Amount
shall be subject to modification as provided in the provisos to Section 6.1(d) and (e). 

        “Commencement
Date” has the meaning provided in Section 5.3. 

        “Commission”
means the Securities and Exchange Commission. 

        “Common
Stock” means the common stock, $.10 par value, of the Seller. 

        “Common Stock
Underwriting Agreement” means the underwriting agreement, dated as of October 4, 2004, by and among Diageo plc, the
Seller and the underwriters names herein. 

        “Constituent
Person” has the meaning provided in Section 6.2. 

        “Contract
Amount” means 30,000,000 (which is the total number of PIES). 

        “Contract
Shares” has the meaning provided in Section 2.1. 

        “Current Market
Price” per share of Common Stock on any date of determination means the average of the daily Closing Prices on each of
the 20 consecutive Trading Days ending on the earlier of such date of determination and the day before the “ex date”
with respect to the issuance or distribution requiring the computation. For purposes of this paragraph, the term “ex
date,” when used with respect to any issuance or distribution, shall mean the first date on which the Common Stock trades
regular way on such exchange or in such market without the right to receive such issuance or distribution. 

        “Custodian”
means any receiver, trustee, assignee, liquidator, custodian or similar official under any Bankruptcy Law. 

2 

        “Daily
Amount” means for each of the 20 Trading Days beginning on September 10, 2007: 

	  	        (i)    if
the Closing Price on such Trading Day is greater than the Threshold Appreciation Price, the product of (x) 1/20th of the Share
Component multiplied by (y) 0.8333; 

	  	        (ii)    if
the Closing Price on such Trading Day is less than or equal to the Threshold Appreciation Price but is greater than the Initial
Price, the product of (x) 1/20th of the Share Component multiplied by (y) a fraction equal to the Initial Price divided by the
Closing Price; and 

	  	        (iii)    if
the Closing Price on such Trading Day is less than or equal to $45.20, 1/20th of the Share Component; 

provided that (x) if 20 Trading Days for the Common Stock have not
occurred during the period beginning on September 10, 2007 and ending on October 24, 2007, all remaining Trading Days will be
deemed to occur on October 23, 2007 and the Closing Price for each of the remaining Trading Days will be the Closing Price on
October 23, 2007 or, if there is a Market Disruption Event on such day, the market value per share of Common Stock or any other
applicable security on such day as determined by the Purchaser in its reasonable discretion and (y) if the PIES are declared or
automatically become immediately due and payable following an event of default with respect to the PIES and either party hereto
has delivered to the other party hereto the Forward Contract Acceleration Notice, the Daily Amount will be determined in the
manner set forth above for the date of such declaration or, if there is a Market Disruption Event on such day, the Closing Price
for determining such Daily Amount will be the market value per share of Common Stock as determined by the Purchaser in its
reasonable discretion. 

        “Delivery
Date” has the meaning provided in Section 2.3(a).

        “Event
of Default” has the meaning set forth in the Cereals LLC Agreement. 

        “Exchange”
means the NYSE or, if the relevant security is not listed for trading on the NYSE on the
relevant day for a reason other than a Market Disruption Event, the principal United
States securities exchange on which the relevant security is so listed or, if the relevant
security is not so listed on a United States national or regional securities exchange for
a reason other than a Market Disruption Event, The Nasdaq Stock Market or, if prices for
the relevant security are not so reported by The Nasdaq Stock Market for a reason other
than a Market Disruption Event, the over-the-counter market. 

        “Escrow
Agent” means Lehman Brothers Inc., or its successor, as escrow agent under the
Escrow Agreement.

        “Escrow
Agreement” means the escrow agreement, dated as of the date hereof, among the
Seller, the Purchaser and the Escrow Agent.

        “Expiration
Time” has the meaning provided in Section 6.1(f).

3

        “Fair Market
Value” means the amount that a willing buyer would pay a willing seller in an arm’s-length transaction, as
determined in good faith by a nationally recognized investment banking firm (which may be an Affiliate of the Purchaser retained
for such purpose), whose determination shall be conclusive; provided, however, that the Fair Market Value of any
capital stock or other equity securities distributed in a spin-off transaction (including a Significant Spin-Off) means (i) in the
event that an underwritten initial public offering of such securities occurs simultaneously with the spin-off transaction, the
initial public offering price of such securities and (ii) otherwise, the average of Closing Prices of such securities for the ten
Trading Days immediately succeeding the spin-off transaction. 

        “Forward Contract
Acceleration Notice” means a notice delivered by either party hereunder to the other party hereunder after the PIES have
been declared or automatically become immediately due and payable following an event of default with respect to the PIES, that the
party delivering the notice has elected to cause clause (y) of the definition of Daily Amount, clause (iii) of the definition of
Payment Date and clause (ii) of the definition of Total Exchange Shares to become applicable. 

        “Forward Contract
Purchase Agreement” means the Purchase Agreement, dated as of the date hereof, among the Seller, the Purchaser and LBHI.

        “Forward Purchase
Contract Characterization” has the meaning provided in Section 5.2(a). 

        “Initial
Price” means $45.20.

        “Insolvency
Event” means: 

	  	        (i)    the
Seller pursuant to or within the meaning of any Bankruptcy Law (A) commences a voluntary case or proceeding,
(B) consents to the entry of a judgment, decree or order for relief against it in an involuntary case or proceeding,
(C) consents to the appointment of a Custodian of it or for any substantial part of its property, (D) makes a general
assignment for the benefit of its creditors, (E) consents to or acquiesces in the institution of a bankruptcy or an
insolvency proceeding against it or (F) takes any corporate action to authorize or effect any of the foregoing; or 

	  	        (ii)    any
Person commences a case or proceeding requesting any order or decree under any Bankruptcy Law (A) for relief against the Seller in
an involuntary case, (B) to appoint a Custodian of the Seller for all or substantially all of the Seller’s property or
(C) to order the winding up or liquidation of the Seller and either (x) a court of competent jurisdiction enters any
such order or decree or (y) such case or proceeding has not been dismissed prior to September 9, 2007. 

	  	provided that, if an Adjustment Event shall have occurred in which
there is an Issuing Person, the references to “Seller” in this definition shall mean such Issuing Person. 

        “Issue
Date” means October 8, 2004. 

        “Issuing
Person” has the meaning provided in Section 6.2. 

4

        “LBHI”
means Lehman Brothers Holdings Inc., and its successors and assigns. 

        “Market Disruption
Event” means any of the following events that the Purchaser in its reasonable discretion determines has a material effect
on the trading price of the Common Stock on such day: 

	  	        (i)    any
suspension of or limitation imposed on trading by the Exchange during the one-hour period prior to the close of trading for the
regular trading session on the Exchange whether by reason of movements in price exceeding limits permitted by the Exchange or
otherwise (x) relating to the Common Stock on the Exchange or (y) in futures or options contracts relating to the Common
Stock on the Exchange; 

	  	        (ii)    any
event (other than an event described in clause (iii)) that disrupts or impairs (as determined by the Purchaser in its
reasonable discretion) the ability of market participants during the one-hour period prior to the close of trading for the regular
trading session on the Exchange in general (x) to effect transactions in, or obtain market values for, the Common Stock on
the Exchange or (y) to effect transactions in, or obtain market values for, futures or options contracts relating to the
Common Stock on the Exchange; or 

	  	        (iii)    the
failure of the Exchange to be open prior to its respective scheduled closing for the regular trading session on such day (without
regard to after hours or any other trading outside of the regular trading session hours) unless such earlier closing time is
announced by the Exchange at least one hour prior to the earlier of (x) the actual closing time for the regular trading
session on the Exchange on such day and (y) the submission deadline for orders to be entered into the Exchange for execution
at the actual closing time on such day. 

        “NYSE”
means the New York Stock Exchange Inc. 

        “Payment
Date” means (i) in connection with settlement hereof, other than following delivery of a Forward Contract
Acceleration Notice, October 15, 2007 or the seventh Trading Day (in the event a Market Disruption Event occurs and if such
Trading Day is later than October 15, 2007) following the last day of the 20 Trading Day period for determining the Daily
Amounts, but in no event later than the thirteenth Trading Day following the last day of such 20 Trading Day period, and
(ii) in connection with settlement hereof following delivery of a Forward Contract Acceleration Notice, the second Business
Day after the date on which the Forward Contract Acceleration Notice has been delivered by either party hereto to the other party
hereto. 

        “Person”
means an individual, partnership, corporation (including a business trust), joint stock company, trust, unincorporated
association, limited liability company, joint venture or other entity or a government or any political subdivision or agency
thereof. 

        “PIES” means
an aggregate principal amount of $750,000,000 of the 61⁄4% Exchangeable Notes (initially exchangeable into shares of Common
Stock) due October 15, 2007 issued by LBHI, with each PIES having a principal amount of $25. 

5

        “PIES Underwriting
Agreement” means the Underwriting Agreement, dated as of October 4, 2004, among the Seller, LBHI and Lehman Brothers
Inc., as underwriter, relating to the PIES. 

        “Pledge
Agreement” means the Pledge Agreement, dated as of October 8, 2004, made by the Pledgor in favor of the Seller.

        “Pledgor”
means Lehman Brothers Special Financing Inc., and its successors and assigns. 

        “Purchase
Price” has the meaning provided in Section 2.2. 

        “Purchased
Shares” has the meaning provided in Section 6.1(f). 

        “Purchaser”
has the meaning provided in the introductory paragraph hereof. 

        “Rights”
means the share purchase rights or other rights issued under the Rights Agreement in
respect of the Common Stock. 

        “Rights
Agreement” means the Rights Agreement dated as of December 11, 1995 between the Seller and Wells Fargo Bank Minnesota,
N.A., as amended and supplemented from time to time, and any other shareholder rights plans or agreements with respect to the
Common Stock that may be in effect from time to time. 

        “Securities
Purchase” has the meaning provided in Section 2.4. 

        “Securities Purchase
Amount” has the meaning provided in Section 2.4. 

        “Seller”
has the meaning provided in the introductory paragraph hereof. 

        “Share
Component” means, at any time, 0.5531 share of Common Stock, as adjusted from time to time in accordance with
Article VI. 

        “Significant
Cash Distribution” has the meaning provided in Section 6.1(e). 

        “Significant Spin-Off”
has the meaning provided in Section 6.1(d). 

        “Subsidiary”
means as to any Person, a corporation, partnership, limited liability company or other entity of which shares of stock or other
ownership interests having ordinary voting power (other than stock or such other ownership interests having such power only by
reason of the happening of a contingency) to elect a majority of the board of directors or other managers of such corporation,
partnership or other entity are at the time owned, or the management of which is otherwise controlled, directly or indirectly
through one or more intermediaries, or both, by such Person. 

        “Threshold
Appreciation Price” means $54.24. 

        “Total Exchange
Shares” means, subject to Section 6.2, (i) an amount equal to the sum of the Daily Amounts for each of the
20 Trading Days beginning on September 10, 2007 or 

6

(ii) if the PIES are declared or automatically become immediately due and
payable following an event of default with respect to the PIES and either party hereto has delivered to the other party hereto the
Forward Contract Acceleration Notice, an amount equal to 20 times the Daily Amount on the date on which the PIES are so declared
to be or automatically become immediately due and payable.

        “Trading
Day” means a day on which the Exchange is open for trading and, subject to the proviso to the definition of Daily Amount,
there has not occurred or does not exist a Market Disruption Event. 

        “Trigger
Event” has the meaning provided in Section 6.1(j). 

        “Trust
Notes” means $750,000,000 in principal amount of 4.50% fixed rate notes dated October 8, 2004, issued by Capital Trust, a
Delaware trust, to Lehman Brothers Special Financing Inc. pursuant to a purchase agreement, dated as of the date hereof, between
Capital Trust and Lehman Brothers Special Financing Inc. 

ARTICLE II 

SALE AND PURCHASE 

        2.1    Sale
and Purchase.   Upon the terms and subject to the conditions hereof, the Seller agrees to sell to the
Purchaser, and the Purchaser agrees to purchase and acquire from the Seller, that number of shares of Common Stock (and/or, if a
Significant Spin-Off, a Significant Cash Distribution or an Adjustment Event has occurred, securities, cash and/or other property,
as applicable) (the “Contract Shares”) equal to the sum of (i) the product of (x) the Contract Amount and (y) the
Total Exchange Shares plus (ii) 491,147 (adjusted for stock splits, stock dividends, subdivisions, combinations,
reclassifications, mergers, consolidations and other reorganizations). 

        2.2    Purchase
Price.   The purchase price for the Contract Shares (the “Purchase Price”) shall be
$750,000,000; provided that, in the event of a Securities Purchase, the Purchase Price shall be the Securities Purchase
Amount. 

        2.3    Delivery
Of Contract Shares.   (a) The Seller hereby unconditionally and irrevocably agrees to deliver, without
set-off, counterclaim or defense, to the Escrow Agent, pursuant to the Escrow Agreement prior to 11:59 P.M. on each Trading Day
for which a Daily Amount is required to be calculated (a “Delivery Date”), a number of shares of Common Stock
equal to such Daily Amount (and/or, if a Significant Spin-Off, a Significant Cash Distribution or an Adjustment Event has
occurred, securities, cash and/or other property, as applicable); provided that, in lieu of any fraction of a share of
Common Stock that would otherwise be deliverable (prior to rounding) to the Escrow Agent pursuant to the Escrow Agreement on such
Trading Day, the Seller agrees to make a cash payment to the Escrow Agent on the next Business Day in respect of such fraction of
a share of Common Stock in an amount equal to the value thereof based on the Closing Price on such Trading Day; provided,
further, that if the Forward Contract Acceleration Notice has been delivered by either party hereto to the other party
hereto, the Contract Shares shall be delivered to the Escrow Agent pursuant to the Escrow Agreement 

7

two Business Days prior to the Payment Date. Any cash payments shall be paid
by wire transfer in immediately available funds to the Escrow Agent for the account of the Purchaser to an account designated by
the Escrow Agent in writing to the Seller prior to such payment. 

        (b)    At
the Purchaser’s request, the Common Stock (and/or other securities) delivered to the Escrow Agent pursuant to Section 2.3(a)
shall be represented by (i) physical certificates registered in the name of the Purchaser (or any other name designated by the
Purchaser in writing to the Seller at least two Trading Days prior to the applicable Delivery Date) and delivered to the Escrow
Agent pursuant to the Escrow Agreement or (ii) one or more global certificates registered in the name of a depositary or a nominee
of a depositary to facilitate book-entry transfer by the Purchaser of the Common Stock (and/or other securities). In addition, the
Seller shall take all steps reasonably requested by the Purchaser to permit the Purchaser (or such designated Person) to exchange
any such physical certificates for an equivalent interest in one or more global certificates registered in the name of a
depositary or a nominee of a depositary as may be reasonably requested by the Purchaser to facilitate book-entry transfer by the
Purchaser of the Common Stock (and/or other securities). The Purchaser’s interest in a global certificate shall be evidenced
in a manner reasonably satisfactory to the Purchaser and its counsel. The Purchaser shall provide the Seller written notice at
least five Business Days prior to the applicable Delivery Date of such request and manner in which the Purchaser’s interest
shall be evidenced. 

        (c)    The
Seller will indemnify and hold harmless the Purchaser, its Affiliates, its directors, officers and employees and each person, if
any, who controls the Purchaser within the meaning of the Act, from and against any expense, loss, claim, damage or liability,
joint or several, or any action in respect thereof, to which the Purchaser, any Affiliate, director, officer, employee or
controlling person may become subject, insofar as such expense, loss, claim, damage, liability or action arises out of, or is
based upon, any breach, violation or default by the Seller of Section 2.3(a) or 2.3(b), and will reimburse the Purchaser, any
Affiliate thereof and each such director, officer, employee or controlling person promptly upon demand for any legal or other
expenses reasonably incurred by the Purchaser, any Affiliate thereof and each such director, officer, employee or controlling
person in connection with investigating or defending or preparing to defend against any such expense, loss, claim, damage,
liability or action as such expenses are incurred. Any claim by the Purchaser under this Section 2.3(c) shall be governed by the
procedures set forth in Section 7(c) of the Forward Contract Purchase Agreement.

        2.4    Payment
for Contract Shares.   Upon the terms and subject to the conditions hereof, including
Article VII:

        (a)    unless
(i) the conditions specified in paragraph (b) of this Section 2.4 shall have occurred and (ii) the Purchaser
elects to pay the Purchase Price in the face amount of the Trust Notes, the Purchaser shall pay the Purchase Price in cash on the
Payment Date (“Cash Purchase”); 

        (b)    if
on the Payment Date, the Series B-1 Limited Membership Interests of Cereals are not either (A) repurchased in full by
the Managing Member of Cereals LLC or its designee in accordance with Section 11.9 of the Cereals LLC Agreement or
(B) successfully remarketed in full pursuant to Section 7.2(b)(i) of the Cereals LLC Agreement, the Purchaser

8

may elect to pay the equivalent of the Purchase Price in face amount of the
Trust Notes, secured by a pledge of the Series B-1 Limited Membership Interests of Cereals, each of which shall be subject to no
other encumbrances, on the Payment Date (the “Securities Purchase Amount;” such payment in the form of the Trust
Notes, “Securities Purchase”). 

Completion of Cash Purchase or Securities Purchase, as the case may be, shall
be deemed to be payment in full of the Purchase Price. Completion of Cash Purchase or Securities Purchase shall be made on the
Payment Date against delivery pursuant to the Escrow Agreement by the Escrow Agent to the Purchaser of the number of shares of
Common Stock and/or cash, securities and other property necessary to comply with the Seller’s obligations hereunder. Cash
Purchase shall be made in lawful money of the United States by wire transfer in immediately available funds to such account or
accounts of the Escrow Agent for the account of the Seller as the Escrow Agent shall designate. Securities Purchase shall be made
by delivery of the applicable securities to the Escrow Agent for the account of the Seller, duly endorsed in blank or with
appropriate instruments of transfer. 

        2.5    Contract
Fee.   The Seller agrees to pay to the Purchaser a contract fee for the period from and including the date
hereof until the Payment Date (or, if later, the date of delivery of the Contract Shares), computed at the rate of 2.0% per annum
on the Purchase Price, payable quarterly in arrears on January 15, April 15, July 15 and October 15 of each year and on the
Payment Date (or, if later, the date of delivery of the Contract Shares), or if any such day is not a Business Day, on the next
succeeding Business Day. Such fee shall be paid by wire transfer in immediately available funds to the Purchaser.

        2.6    Pledge
of Trust Notes.   Pursuant to the Pledge Agreement, the Pledgor has granted to the Seller a security interest
in the Trust Notes, as collateral security for the prompt and complete payment and performance when due of the obligations of the
Purchaser to pay the Purchase Price hereunder. 

ARTICLE III 

REPRESENTATIONS AND WARRANTIES

        3.1    Representations
and Warranties of the Seller.   The Seller represents and warrants to the Purchaser

	  	        (a)    that
each representation and warranty made by the Seller in Section 2 of the Forward Contract Purchase Agreement is true and correct on
the date hereof. 

	  	        (b)    that
it has received and read and understands the Notice of Regulatory Treatment and the OTC Option Risk Disclosure Statement. 

        3.2    Representations
and Warranties of the Purchaser.   The Purchaser represents and warrants to the Seller that: 

	  	        (a)    The
Purchaser has been duly incorporated and is validly existing as a corporation in good standing under the laws of the State of
Delaware with corporate 

9

	  	power and authority to own or lease, as the case may be, and to
operate its properties and conduct its business in all material respects as currently conducted. 

	  	        (b)    This
Agreement has been duly authorized, executed and delivered by the Purchaser; assuming due authorization, execution and delivery by
the other parties hereto, this Agreement constitutes a valid and legally binding agreement of the Purchaser enforceable against
the Purchaser in accordance with its terms. 

	  	        (c)    The
Purchaser is not in violation of its corporate charter or bylaws. The execution, delivery and performance of this Agreement will
not conflict with or result in a violation of the corporate charter or bylaws of the Purchaser or any order, rule or regulation of
any court or governmental agency having jurisdiction over the Purchaser or its property. 

	  	        (d)    No
consent, approval, authorization, filing with or order of any court or governmental agency or body is required to be obtained by
the Purchaser in connection with the transactions contemplated herein. 

	  	        (e)    No
action, suit or proceeding by or before any governmental agency, authority or body or any arbitrator involving the Purchaser or
any of its subsidiaries or its or their properties is pending, or to the best knowledge of the Purchaser is threatened that would
reasonably be expected to have a material adverse effect on the performance of this Agreement or the consummation of the
transactions contemplated herein. 

ARTICLE IV 

CONDITIONS TO THE PURCHASER’S OBLIGATIONS 

        The obligation of the
Purchaser to deliver the Purchase Price on the Payment Date is subject to the satisfaction of the following conditions
(provided, however, that if the Purchaser does not deliver the Purchase Price on the Payment Date for any reason,
including the failure of any of the following conditions to be satisfied, the Escrow Agent shall, pursuant to the Escrow
Agreement, immediately deliver to the Seller all shares of Common Stock (or securities, cash or other property) delivered by the
Seller pursuant to Section 2.3): 

	  	        (a)    the
representations and warranties of the Seller contained in Article III shall have been true and correct as of the date hereof;
provided, that if the transactions contemplated by the Common Stock Underwriting Agreement are completed, the representations and
warranties of the Seller contained in Article III shall have been deemed to be true and correct as of the date hereof to the
extent contained in the Common Stock Underwriting Agreement; 

	  	        (b)    no
Insolvency Event shall have occurred or be continuing on any Delivery Date or the Payment Date; 

	  	        (c)    the
Seller shall have previously delivered the Contract Shares pursuant to the terms hereof; and 

10

	  	        (d)    the
Seller shall have complied in all material respects with the agreements set forth in this Agreement. 

ARTICLE V

COVENANTS

        5.1    Taxes.   The
Seller shall pay any and all documentary, stamp, transfer or similar taxes and charges that may be payable in respect of the entry
into this Agreement and the transfer and delivery of the Contract Shares, cash or other securities or property pursuant hereto.

        5.2    Forward
Purchase Contract.   Each of the Purchaser and the Seller hereby agrees that: 

	  	        (a)    it
will treat for tax and accounting purposes this Agreement in its entirety as a forward purchase contract for the delivery of the
Contract Shares hereunder (including as a result of acceleration or otherwise) (the “Forward Purchase Contract
Characterization”), under the terms of which contract (i) at the Payment Date, the Purchaser delivers to the Seller the
Cash Purchase or Securities Purchase equal to the Purchase Price to assure the fulfillment of the Purchaser’s purchase
obligation described in clause (ii) below, which Cash Purchase or Securities Purchase, as the case may be, will unconditionally
and irrevocably be applied at the Payment Date to satisfy such obligation and (ii) at the Payment Date such Cash Purchase or
Securities Purchase, as the case may be, unconditionally and irrevocably will be applied by the Seller in full satisfaction of the
Purchaser’s obligation hereunder and the Seller, through the Escrow Agent, will deliver to the Purchaser the number of
Contract Shares (and cash in lieu of a fraction of a share of Common Stock) that the Purchaser is entitled to receive at that time
pursuant to the terms hereof; 

	  	        (b)    it
will treat the sale of the Contract Shares as occurring on the Payment Date; 

	  	        (c)    it
will not treat this Agreement, any portion hereof or any obligation hereunder as giving rise to any interest income or other
inclusions of ordinary income (in the case of the Purchaser) or as giving rise to any interest expense or other deductions of
ordinary expense (in the case of the Seller); 

	  	        (d)    it
will not treat the delivery of any portion of the Contract Shares, cash or other securities or property to be delivered pursuant
hereto as the payment of interest or ordinary income; and 

	  	        (e)    it
will not take any action (including filing any tax return or form or taking any position in any tax proceeding) that is
inconsistent with the obligations contained in clauses (a) through (d), unless such action or position is required by an
applicable taxing authority or unless such action or position is required by a change in statutory law or regulation or by a
judicial or other authoritative interpretation of the law enacted, promulgated or published after the date hereof. 

11

        5.3
    Notices.   The Seller will cause to be delivered to the Purchaser: 

	  	        (a)    promptly
upon the occurrence of any Insolvency Event; and  

	  	        (b)    promptly
after the Seller receives notice, or otherwise obtains knowledge, at any time after the Issue Date that any event requiring that
an adjustment be effected pursuant to Article VI shall have occurred or be pending; 

a notice identifying such event and stating, with respect to the event set
forth in clause (b) above, if known to the Seller, the date on which such event is to occur and, if applicable, the record
date relating to such event. The Seller shall promptly cause to be delivered to the Purchaser such further notices as may be
appropriate or reasonable if the Seller shall subsequently receive notice, or shall otherwise obtain knowledge, of any further or
revised information regarding the terms or timing of such event or any record date relating thereto. 

        5.4    Affirmative
Covenants.   During the term of this Agreement, the Seller covenants and agrees that it will:

	  	        (a)    comply
in all material respects with all applicable laws, rules, regulations and orders to the extent noncompliance would have a material
adverse effect on the ability of the Seller to perform its obligations hereunder; and 

	  	        (b)    furnish
to the Purchaser as soon as possible and in any event within 20 calendar days after the Seller shall become aware of the
occurrence of any failure by the Seller to comply with or perform any agreement or obligation contained in this Agreement, a
statement of the Seller describing such failure and setting forth details of such failure and the action which the Seller has
taken and proposes to take with respect thereto. 

        5.5    Covenants
as to Common Stock.   The Seller shall at all times prior to the final Delivery Date reserve and keep
available, free from preemptive rights, out of treasury or its authorized but unissued Common Stock the maximum number of shares
of Common Stock issuable hereunder. The Seller covenants that all shares of Common Stock that may be issued hereunder will, upon
issuance, be duly authorized, validly issued, fully paid and nonassessable. 

        5.6    Cash,
Securities and Property to be Placed in Trust.   The Seller shall not make any Significant Spin-Off or
Significant Cash Distribution or engage in any transaction that would result in an Adjustment Event unless it has complied with
all the applicable provisions hereof (including Sections 6.1(d), 6.1(e) and 6.2) and has set aside and delivered the maximum
amount of cash, securities and/or other property that the Seller would be required to deliver to the Purchaser upon settlement
hereof (assuming the maximum number of Contract Shares are required to be delivered hereunder) pursuant to Section 6.1(d),
6.1(e) or 6.2, as the case may be, to a third-party trustee (which trustee shall be reasonably satisfactory to the Purchaser) for
the benefit of the Purchaser pursuant to a trust agreement in form and substance reasonably satisfactory to the Purchaser.

        5.7    Further
Assurances.   From time to time on and after the date hereof through the Payment Date (or, if later, the date
on which this Agreement has been fully performed), each of the parties hereto shall use its reasonable best efforts to take, or
cause to be

12

taken, all action and to do, or cause to be done, all things necessary,
proper and advisable to consummate and make effective as promptly as practicable the transactions contemplated hereby in
accordance with the terms and conditions hereof, including (a) using reasonable best efforts to remove any legal impediment to the
consummation of such transactions and (b) the execution and delivery of all such deeds, agreements, assignments and further
instruments of transfer and conveyance necessary, proper or advisable to consummate and make effective the transactions
contemplated hereby in accordance with the terms and conditions hereof. Each of the parties hereto further agrees that five days
prior to each anniversary date of this Agreement, either party may request that the other party enter into good faith negotiations
regarding the terms hereof. 

ARTICLE VI 

ADJUSTMENT OF DAILY AMOUNT AND CLOSING PRICE

        6.1    Adjustments
for Dividends, Distributions, Stock Splits, Etc.

	  	        (a)    Stock
Dividends.   If the Seller shall, after the Issue Date, pay or make a
dividend or other distribution on Common Stock in Common Stock, the Share Component in
effect at the close of business on the date fixed for the determination of holders of
Common Stock entitled to receive such dividend or distribution shall be increased by
multiplying such Share Component by a fraction of which:  

	  	        (i)    the
numerator shall be the sum of the number of shares of Common Stock outstanding at the
close of business on the date fixed for such determination and the total number of shares
constituting such dividend or other distribution; and  

	  	        (ii)    the
denominator shall be the number of shares of Common Stock outstanding at the close of
business on the date fixed for such determination,  

such increase to become effective immediately at the opening of business on
the day following the date fixed for such determination. For the purposes of this Section 6.1(a), the number of shares of Common
Stock at any time outstanding shall not include shares held in the treasury of the Seller but shall include any shares issuable in
respect of any scrip certificates issued in lieu of fractions of shares of Common Stock. The Seller agrees that it shall not pay
any dividend or make any distribution on shares of Common Stock held in the treasury of the Seller. 

	  	        (b)    Rights,
Warrants or Options. If the Seller shall, after the Issue Date, issue rights,
warrants or options, other than pursuant to any dividend reinvestment plans, to all
holders of Common Stock entitling such holders, for a period expiring within 45 days
after the record date for the determination of holders of Common Stock entitled to
receive such rights, warrants or options, to subscribe for or purchase shares of Common
Stock at an offering price per share less than the Current Market Price of the Common
Stock on the date of announcement of such issuance, the Share Component in effect at the
close of business on the date of such announcement shall be increased by multiplying such
Share Component by the following fraction of which:  

13

	  	        (i)    the
numerator shall be the number of shares of Common Stock outstanding at the close of
business on the date of such announcement plus the total number of shares of Common Stock
so offered for subscription or purchase; and  

	  	        (ii)    the
denominator shall be the number of shares of Common Stock outstanding at the close of
business on the date of such announcement plus the total number of shares of Common Stock
that the aggregate of the offering price of the total number of shares of Common Stock so
offered for subscription or purchase would purchase at such Current Market Price,  

such increase to become effective immediately after the opening of business
on the Business Day following the date of such announcement. To the extent that shares of Common Stock are not delivered pursuant
to such rights, warrants or options, the Share Component shall be readjusted to be the Share Component that would then be in
effect had the adjustments made upon the issuance of such rights, warrants and options been made on the basis of delivery of only
the number of shares of Common Stock actually delivered. For the purposes of this Section 6.1(b), the number of shares of Common
Stock at any time outstanding shall not include shares held in the treasury of the Seller but shall include any shares issuable in
respect of any scrip certificates issued in lieu of fractions of shares of Common Stock. The Seller agrees that it shall not issue
any such rights, warrants or options in respect of shares of Common Stock held in the treasury of the Seller. 

	  	        (c)    Stock
Subdivisions, Splits or Combinations.   If outstanding shares of
Common Stock shall be subdivided or split, after the Issue Date, into a greater number of
shares of Common Stock, the Share Component in effect at the close of business on the day
preceding the day upon which such subdivision or split becomes effective shall be
proportionately increased, and conversely, in case outstanding shares of Common Stock
shall be combined, after the Issue Date, into a smaller number of shares of Common Stock,
the Share Component in effect at the close of business on the day preceding the day upon
which such combination becomes effective shall be proportionately reduced, such increase
or reduction, as the case may be, to become effective immediately at the opening of
business on the day following the day upon which such subdivision, split or combination
becomes effective.  

	  	        (d)    Distribution
of Indebtedness or Assets.   If the Seller shall, after the Issue
Date, by dividend or otherwise, distribute to all holders of Common Stock evidences of
its indebtedness or assets (including shares of capital stock, securities, cash and
property, but excluding any rights, warrants or options referred to in Section 6.1(b),
any dividend or distribution paid exclusively in cash and any dividend or distribution
referred to in Section 6.1(a) or in connection with the liquidation, dissolution or
winding up of the Seller), the Share Component in effect at the close of business on the
date fixed for the determination of holders of Common Stock entitled to receive such
distribution shall be adjusted by multiplying such Share Component by a fraction of
which:  

	  	        (i)    the
numerator shall be the Current Market Price of the Common Stock on the date fixed for
such determination; and  

14

	  	        (ii)    the
denominator shall be such Current Market Price of the Common Stock less the then Fair
Market Value of the portion of the assets or evidences of indebtedness so distributed
applicable to one share of Common Stock,  

such adjustment to become effective at the opening of business on the day
following the date fixed for such determination of holders of Common Stock entitled to receive such distribution; provided,
however, that in the event the Fair Market Value of the portion of any capital stock or other equity securities so
distributed applicable to one share of Common Stock is equal to or greater than 40% of the Current Market Price of the Common
Stock on such determination date (such distribution, a “Significant Spin-Off”), in lieu of the foregoing
adjustment, (x) the Seller shall comply with the provisions of Section 5.6 with respect to the capital stock or other equity
securities to be distributed pursuant to such Significant Spin-Off, (y) for the purpose of calculating the number of Contract
Shares receivable by the Purchaser pursuant hereto on each Delivery Date, the references to “Closing Price” in the
definition of Daily Amount shall mean the Closing Price plus the Fair Market Value of such capital stock or other equity
securities so distributed per share of Common Stock and (z) in addition to the Seller delivering the shares of Common Stock to be
delivered hereunder, the Seller shall cause the trustee appointed pursuant to Section 5.6 to deliver on each Delivery Date the
number of shares of such capital stock or other equity securities the Purchaser would have received had the Purchaser held on the
determination date for the Significant Spin-Off the number of shares of Common Stock required to be delivered hereunder as
determined in accordance with clause (y) above. In any case in which this Section 6.1(d) is applicable, Section 6.1(b) shall not
be applicable. In the event that such dividend or distribution is not so paid or made, each Share Component shall again be
adjusted to be the Share Component that would then be in effect if such dividend or distribution had not been declared (and no
such adequate provision described in the proviso above shall be made). 

	  	        (e)    Cash
Distributions.   In case the Seller shall, after the Issue Date,
distribute cash as an extraordinary, special or other one-time dividend or distribution,
other than a regular quarterly cash dividend, to all holders of Common Stock, upon the
occurrence of (A) the liquidation, dissolution or winding up of the Seller, (B) the sale
or liquidation, in whole or in part, of a major asset, subsidiary or line of business,
(C) an increase in leverage to fund an extraordinary, special or other one-time dividend
or distribution, (D) the repatriation of unremitted foreign earnings or (E) a change in
the Seller’s business structure to a pass through entity, then the Share Component
in effect at the close of business on the record date for such extraordinary, special or
other one-time dividend or distribution shall be adjusted by multiplying such Share
Component by a fraction of which:  

	  	        (i)    the
numerator shall be the Current Market Price of the Common Stock on such record date; and  

	  	        (ii)    the
denominator shall be such Current Market Price of the Common Stock less the amount of
cash so distributed applicable to one share of Common Stock,  

such adjustment to become effective at the opening of business on the day
following such record date; provided, however, that in the event the portion of cash so distributed applicable to one share
of Common Stock is greater than 25% (but less than 75%) of the Current Market Price of the Common Stock on such record date, in
lieu of the foregoing adjustment, (x) the Seller shall 

15

comply with the provisions of Section 5.6 with respect to the cash to be
distributed pursuant to such distribution, (y) for the purpose of calculating the number of Contract Shares receivable by the
Purchaser pursuant hereto on each Delivery Date, the references to “Closing Price” in the definition of Daily Amount
shall mean the Closing Price plus the amount of cash so distributed per share of Common Stock and (z) in addition to the Seller
delivering the shares of Common Stock to be delivered hereunder, the Seller shall cause the trustee appointed pursuant to Section
5.6 to deliver on each Delivery Date the amount of cash the Purchaser would have received had the Purchaser held on the record
date for such distribution the number of shares of Common Stock required to be delivered hereunder as determined in accordance
with clause (y) above; provided, further, that in the event the portion of cash so distributed applicable to one
share of Common Stock is equal to or greater than 75% of the Current Market Price of the Common Stock on such record date, in lieu
of the foregoing adjustment, such distribution will be treated as an Adjustment Event under Section 6.2 (a cash distribution
referred to in either of the two preceding provisos, a “Significant Cash Distribution”). If such dividend or
distribution is not so paid or made, each Share Component shall again be adjusted to be the Share Component that would then be in
effect if such dividend or distribution had not been declared (and no such adequate provision or adjustment under Section 6.2
shall be made). 

	  	        (f)    Tender
or Exchange Offer.   If, after the Issue Date, the Seller or any
Subsidiary of the Seller shall make a tender or exchange offer (other than any odd-lot
tender offer) for all or any portion of the Common Stock and upon expiration of such
tender or exchange offer (as amended upon the expiration thereof) the Seller or its
Subsidiary shall be required to pay to holders of Common Stock based on the acceptance
(up to any maximum specified in the terms of the tender or exchange offer) of Purchased
Shares any consideration, then if the cash and Fair Market Value of the aggregate
consideration per share of Common Stock to be paid in such tender or exchange offer
exceeds the Current Market Price of the Common Stock as of the last time (the “Expiration
Time”) tenders could have been made pursuant to such tender or exchange offer
(as it may be amended), then, the Share Component in effect at the close of business on
the day of the Expiration Time shall be adjusted by multiplying such Share Component by a
fraction of which:  

	  	        (i)    the
numerator shall be equal to the product of (A) the Current Market Price of the Common
Stock as of the Expiration Time and (B) the number of shares of Common Stock outstanding
(including any tendered shares) at the close of business on the date of the Expiration
Time less the number of all shares validly tendered and not withdrawn as of the
Expiration Time (the shares deemed so accepted, up to any such maximum, being referred to
as the “Purchased Shares”); and  

	  	        (ii)    the
denominator shall be equal to (A) the product of (x) the Current Market Price of the
Common Stock as of the Expiration Time and (y) the number of shares of Common Stock
outstanding (including any tendered shares) at the close of business on the date of the
Expiration Time less (B) the amount of cash plus the Fair Market Value of the aggregate
consideration payable to holders of Common Stock in such tender or exchange offer
(assuming the acceptance, up to any maximum specified in the terms of the tender or
exchange offer, of Purchased Shares),  

16

	  	such adjustment to become effective at the opening of business on the date
following the date of the Expiration Time.

	  	        (g)    Reclassification
of Common Stock.   If the Seller, after the Issue Date, reclassifies
the Common Stock into securities, including securities other than Common Stock (other
than any reclassification upon an Adjustment Event to which Section 6.2 applies), such
reclassification shall be deemed to involve:  

	  	        (i)    to
the extent such securities are securities other than Common Stock, a distribution of such
securities to all holders of Common Stock under Section 6.1(d) (and the effective date of
such reclassification shall be deemed to be “the date fixed for the determination of
holders of Common Stock entitled to receive such distribution” and the “date
fixed for such determination” within the meaning of Section 6.1(d)); and  

	  	        (ii)    to
the extent such securities are Common Stock, a subdivision, split or combination, as the
case may be, of the number of shares of Common Stock outstanding immediately prior to
such reclassification into the number of shares of Common Stock outstanding immediately
thereafter under Section 6.1(c) (and the effective date of such reclassification shall be
deemed to be “the day upon which such subdivision or split becomes effective” or
“the day upon which such combination becomes effective”, as the case may be,
and “the day upon which such subdivision, split or combination becomes effective” within
the meaning of Section 6.1(c)).  

	  	        (h)    Rounding.   All
adjustments to the Share Component shall be calculated to the nearest 0.0001 of a share
of Common Stock (or if there is not a nearest 0.0001 of a share, to the next lower 0.0001
of a share). No adjustment in the Share Component shall be required unless such
adjustment would require an increase or decrease of at least one percent thereof; provided,
however, that any adjustments that by reason of this Section 6.1(h) are not
required to be made shall be carried forward and taken into account in any subsequent
adjustment.  

	  	        (i)    Corresponding
Adjustments to Closing Price.   If any adjustment is made to the Share
Component pursuant to paragraphs (a)-(g) of this Section 6.1 (other than paragraphs (d)
and (e) of this Section 6.1 as they relate to any Significant Spin-Off and Significant
Cash Distribution, respectively, except as expressly provided therein), an adjustment
will also be made to the Closing Price as such term is used throughout the definition of
Daily Amount (so as to maintain the intended proportional relationship between the
Closing Price and Initial Price and Threshold Appreciation Price) to determine which of
the three clauses in the definition of Daily Amount will be applicable on the relevant
Trading Day and in the calculation required to be made pursuant to clause (ii) of the
definition of Daily Amount. The required adjustment to the Closing Price will be made on
each day for which a Daily Amount is calculated by multiplying the Closing Price by the
same factor by which the Share Component was adjusted pursuant to the procedures
described above in paragraphs (a)-(g).  

	  	        (j)    Rights
Agreement.   Each share of Common Stock issued pursuant hereto shall
be entitled to receive the appropriate number of Rights, if any, and the certificates
representing such shares shall bear such legends, if any, in each case as provided by and
subject to the terms of the Rights Agreement as in effect on the date of such issuance.
Rights or warrants (including  

17

	  	the Rights) distributed by the Seller to all holders of its Common Stock
entitling them to subscribe for or purchase shares of the Seller’s capital stock (either initially or under certain
circumstances), which rights or warrants, until the occurrence of a specified event or events (“Trigger Event”),
(i) are deemed to be transferred with such shares of Common Stock, (ii) are not exercisable and (iii) are also issued in respect
of future issuances of shares of Common Stock shall be deemed not to have been distributed for purposes of Section 6.1 (and
no adjustment to the Share Component under Section 6.1 will be required) until the occurrence of the earliest Trigger Event.
Upon the occurrence of a Trigger Event, such rights or warrants shall be deemed to have been distributed for purposes of Section
6.1 (and an adjustment under Section 6.1 shall be required). If such right or warrant is subject to subsequent events, upon the
occurrence of which such right or warrant shall become exercisable to purchase different distributed assets, evidences of
indebtedness or other assets, or entitle the holder to purchase a different number or amount of the foregoing or to purchase any
of the foregoing at a different purchase price, then the occurrence of each such event shall be deemed to be the date of issuance
and record date with respect to a new right or warrant (and a termination or expiration of the existing right or warrant without
exercise by the holder thereof). In addition, in the event of any distribution (or deemed distribution) of rights or warrants, or
any Trigger Event or other event (of the type described in the preceding sentence) with respect thereto, that resulted in an
adjustment to the Share Component under Section 6.1: 

	  	        (x)    in
the case of any such rights or warrants that shall all have been redeemed or repurchased
without exercise by any holders thereof, the Share Component shall be readjusted upon
such final redemption or repurchase to give effect to such distribution or Trigger Event,
as the case may be, as though it were a cash distribution, equal to the per share
redemption or repurchase price received by a holder of shares of Common Stock with
respect to such rights or warrants (assuming such holder had retained such rights or
warrants), made to all holders of shares of Common Stock as of the date of such
redemption or repurchase; and  

	  	        (y)                      in
the case of such rights or warrants that shall have expired or been terminated without
exercise, the Share Component shall be readjusted as if such rights and warrants had
never been issued.  

        6.2    Adjustment
for Consolidation, Merger or Other Adjustment Event.   In the event of: 

	  	        (a)    any
consolidation or merger of the Seller with or into another Person (other than a merger or consolidation in which the Seller is the
continuing or surviving corporation and in which the shares of Common Stock outstanding immediately prior to the merger or
consolidation are not exchanged for cash, securities or other property of the Seller or another Person); 

	  	        (b)    any
sale, transfer, lease or conveyance to one or more Persons of all or substantially all of the property of the Seller (other than
any such event that constitutes a Significant Spin-Off); 

	  	        (c)    any
statutory share exchange of the Seller with another Person; 

18

	  	        (d)    any
Significant Cash Distribution referred to in the second proviso of Section 6.1(e); or 

	  	        (e)    any
liquidation, dissolution or winding up of the Seller other than as a result of or after the occurrence of a Insolvency Event (any
event described in clauses (a), (b), (c), (d) and (e), an “Adjustment Event”); 

the Daily Amount will be adjusted to provide that the Purchaser will receive
pursuant hereto the kind and amount of securities, cash and other property receivable upon, or in connection with, such Adjustment
Event (without any interest thereon and without any right to dividends or distribution thereon that have a record date that is
prior to the Payment Date) by a holder (including any shares of Common Stock retained by such holder in connection with such
Adjustment Event) of the number of Contract Shares that would otherwise be issuable hereunder if the Delivery Dates had occurred
immediately prior to such Adjustment Event (and the Total Exchange Shares were calculated based on the Daily Amounts for the 20
Trading Days immediately prior to the effective date of the initial Adjustment Event), assuming that such holder of Common Stock
is not a Person with which the Seller consolidated or into which the Seller merged or that merged into the Seller or to which such
sale or transfer was made, as the case may be (any such Person, a “Constituent Person”), or an Affiliate of a
Constituent Person to the extent such Adjustment Event provides for different treatment of Common Stock held by Affiliates of the
Seller and non-affiliates and such holder of Common Stock failed to exercise its rights of election, if any, as to the kind or
amount of securities, cash and other property receivable upon such Adjustment Event (provided that if the kind or amount of
the securities, cash and other property receivable upon such Adjustment Event is not the same for each share of Common Stock held
immediately prior to such Adjustment Event by other than a Constituent Person or an Affiliate thereof and in respect of which such
rights of election shall not have been exercised (“non-electing share”), then for the purpose of this Section 6.2
the kind and amount of securities, cash and other property receivable upon such Adjustment Event by each non-electing share shall
be deemed to be the kind and amount so receivable per share by a plurality of the non-electing shares). 

        If such an Adjustment Event
occurs, the Seller shall and shall cause the Person formed by such consolidation, merger or exchange or the Person that acquires
the assets of the Seller and any other Person (an “Issuing Person”) that issues the securities or pays the other
consideration deliverable in such consolidation, merger, exchange or acquisition of assets or, in the event of a liquidation,
dissolution or winding up of the Seller, the Seller or a liquidating trust created in connection therewith, to, and such Issuing
Person or liquidating trust shall, execute and deliver to the Purchaser an agreement supplemental hereto providing that the
Purchaser shall have the rights provided by this Section 6.2. Such supplemental agreement shall provide for adjustments that, for
events subsequent to the effective date of such supplemental agreement, shall be as nearly equivalent as may be practicable to the
adjustments provided for in this Article VI. The above provisions of this Article VI shall similarly apply to successive
Adjustment Events. 

19

ARTICLE VII 

TERMINATION 

        7.1    Automatic
Termination.   This Agreement and all obligations and rights of the Seller and the Purchaser hereunder,
including the rights and obligations of the Seller to sell and deliver, and the Purchaser to purchase and pay for, the Common
Stock and any other securities or property hereunder, shall immediately and automatically terminate, without the necessity of any
notice, payment or action by any party, if, prior to or on any Delivery Date or the Payment Date, an Insolvency Event shall have
occurred; provided, however, that if this Agreement is terminated after such time that the Seller has delivered any
shares of Common Stock (or securities, cash or other property) pursuant to Section 2.3, the Escrow Agent shall, pursuant to the
Escrow Agreement, immediately deliver to the Seller all such shares of Common Stock (or securities, cash or other property).

ARTICLE VIII 

MISCELLANEOUS 

        8.1    Adjustments.   The
Purchaser shall be responsible for the calculation in good faith of any amounts pursuant hereto (and shall consult in good faith
with the Seller in making such calculations to the extent that such consultation does not interfere with the Purchaser’s
ability to make such calculations promptly), including, but not limited to, the determination of the Closing Prices of the Common
Stock, the calculation of the Daily Amounts and the calculation of any adjustments required to be made pursuant to Article VI. All
calculations made by the Purchaser in good faith in accordance with this Section 8.1, absent manifest error, shall be final and
binding upon the Seller. 

        8.2    Notices.   Notices
to the Purchaser shall be directed to Lehman Brothers OTC Derivatives Inc., c/o/ Lehman Brothers Inc., Transaction Management
Group, 745 Seventh Avenue, 28th Floor, New York, NY 10019, Telecopy: (212) 526-7672, Attn: Documentation Manager, copy to Lehman
Brothers Holdings Inc., 399 Park Avenue, 11th Floor, New York, New York 10022, Telecopy: (212) 520-0176, Attn: Corporate Counsel;
notices to the Seller shall be directed to General Mills, Inc., Number One General Mills Boulevard, Minneapolis, Minnesota 55440,
Telecopy: (763) 764-3302, Attn: General Counsel; copy to General Mills, Inc., Treasury Department, Number One General Mills
Boulevard, Minneapolis, Minnesota 55440, Telecopy (763) 764-7384, Attn: Treasurer. Notwithstanding the foregoing, notices to a
party shall be directed to such other address for such party as shall be specified by such party in a like notice given pursuant
to this Section 8.2. All notices and other communications hereunder shall be in writing and shall be deemed to have been duly
given if either (i) personally delivered (including delivery by courier service or by Federal Express or any other nationally
recognized overnight delivery service for next day delivery) to the offices specified in the preceding sentence, in which case
they shall be deemed received on the first Business Day by which delivery shall have been made to said offices; or (ii) sent by
certified mail, return receipt requested, in accordance with the preceding sentence, in which case they shall be deemed received
when receipted for unless acknowledgment is refused (in which case delivery shall be deemed to have been received on the first
Business Day on which such acknowledgment is 

20

refused) (any notices and other communications given by telecopy shall be
followed by personal delivery or certified mail, to be deemed given as set forth above). Any notice, demand or other communication
to be provided by or on behalf of the Purchaser pursuant to this Agreement shall be sent to the address of the Seller provided in
this Section 8.2. Any notice, demand or other communication to be provided by or on behalf of the Seller pursuant to this
Agreement shall be sent to the address of the Purchaser provided in this Section 8.2. 

        8.3    Counterparts.   This
Agreement may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the
signatures thereto and hereto were upon the same instrument. 

        8.4    Entire
Agreement.   Except as expressly set forth herein, this Agreement constitutes the entire agreement among the
parties with respect to the subject matter hereof and supersedes all prior agreements, understandings and negotiations, both
written and oral, among the parties with respect to the subject matter hereof. 

        8.5    Amendments;
Waivers.   Any provision hereof may be amended or waived if, and only if, such amendment or waiver is in
writing and signed, in the case of an amendment, by both the Purchaser and the Seller, or, in the case of a waiver, by the party
or parties against which the waiver is to be effective. No failure or delay by either party in exercising any right, power or
privilege hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or
further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies herein provided shall be
cumulative and not exclusive of any rights or remedies provided by law. 

        8.6    Assignment.   Neither
the Seller nor the Purchaser may assign this Agreement, or any right or interest hereunder, or delegate any obligation to be
performed hereunder; provided that (a) the Purchaser may assign any of its rights or duties hereunder, in whole and not in
part, to any Affiliate of the Pledgor effective upon delivery to the Seller of a pledge agreement (including by way of confirming
any existing pledge agreement) made by such Affiliate (or any other Affiliate of Purchaser) in favor of the Seller, granting a
security interest in the Trust Notes as collateral security for the obligations of the Purchaser hereunder and (b) the Agent may
assign or transfer any of its rights or duties hereunder to any Affiliate of the Agent, so long as such Affiliate is a
broker-dealer registered with the Commission. 

        8.7    No
Third Party Rights; Successors and Assigns.   Except as provided in Section 2.3(c), this Agreement is not
intended and shall not be construed to create any rights in any Person other than the Seller and the Purchaser and their
respective successors and assigns and no Person shall assert any rights as third party beneficiary hereunder. Whenever any of the
parties hereto is referred to, such reference shall be deemed to include the successors and permitted assigns of such party.

        8.8    Governing
Law; Jurisdiction; Severability; Waiver of Jury Trial.   This Agreement shall be governed by and construed in
accordance with the laws of the State of New York. For the purpose of any suit, action or proceeding arising out of or relating
hereto, the parties hereto hereby expressly and irrevocably consent and submit to the non-exclusive jurisdiction of any United
States Federal or New York State court sitting in the Borough of 

21

Manhattan, City and State of New York, and expressly and irrevocably waive,
to the extent permitted under applicable law, any immunity from the jurisdiction thereof and any claim or defense in such suit,
action or proceeding based on a claim of improper venue, forum non conveniens or any similar basis to which it might otherwise be
entitled. To the extent permitted by law, the unenforceability or invalidity of any provision or provisions hereof shall not
render any other provision or provisions herein contained unenforceable or invalid. TO THE EXTENT PERMITTED BY APPLICABLE LAW, THE
PARTIES HERETO HEREBY WAIVE AND COVENANT THAT THEY WILL NOT ASSERT (WHETHER AS PLAINTIFF, DEFENDANT OR OTHERWISE) ANY RIGHT TO
TRIAL BY JURY IN ANY FORUM IN RESPECT OF ANY ISSUE, CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING OUT OF OR BASED UPON THIS
AGREEMENT OR THE SUBJECT MATTER HEREOF, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING OR WHETHER IN CONTRACT OR TORT OR
OTHERWISE. EACH PARTY HERETO ACKNOWLEDGES THAT IT HAS BEEN INFORMED BY THE OTHER PARTY HERETO THAT THE PROVISIONS OF THIS SECTION
CONSTITUTE A MATERIAL INDUCEMENT UPON WHICH SUCH OTHER PARTY HERETO HAS RELIED, IS RELYING AND WILL RELY IN ENTERING INTO THIS
AGREEMENT AND ANY DOCUMENT RELATED THERETO. EACH PARTY HERETO MAY FILE AN ORIGINAL COUNTERPART OF THIS SECTION WITH ANY COURT AS
WRITTEN EVIDENCE OF THE CONSENT OF THE OTHER PARTY HERETO TO THE WAIVER OF ITS RIGHTS TO TRIAL BY JURY. 

        8.9    Agent.   (a)
Lehman Brothers Inc. (the “Agent”) shall act as “agent” for the Purchaser, the Seller and the Pledgor
in connection with the transactions contemplated hereby. 

	  	        (b)    The
Agent shall have no responsibility or liability (including by way of guarantee,
endorsement or otherwise) to the Purchaser, the Seller, the Pledgor or otherwise in
respect hereof or the Pledge Agreement, including in respect of the failure of the
Purchaser, the Seller or the Pledgor to pay or perform hereunder or under the Pledge
Agreement.  

	  	        (c)    Each
of the Purchaser, the Seller and the Pledgor agrees to proceed solely against one another
to collect or recover any securities or money owing to the Purchaser, the Seller or the
Pledgor, as the case may be, in connection with or as a result hereof or of the Pledge
Agreement.  

	  	        (d)    As
a broker-dealer registered with the Commission, the Agent, in its capacity as agent, will
be responsible for (i) effecting the transactions contemplated hereby, (ii) issuing all
required notices, confirmations and statements to the Purchaser, the Seller and the
Pledgor and (iii) maintaining books and records relating hereto.  

	  	        (e)    The
Agent will furnish the Seller upon written request a statement as to the source and
amount of any remuneration received or to be received by the Agent in connection with
this Agreement.  

        8.10    Interpretation.   Except
as otherwise provided or if the context otherwise requires, (a) whenever used herein (i) any noun or pronoun shall be deemed to
include the plural 

22

and the singular, (ii) the terms “include” and
“including” shall be deemed to be followed by the phrase “without limitation” and (iii) the word
“or” shall be inclusive and not exclusive, (b) references to Sections and Articles shall be to Sections and Articles
hereof, and (c) the terms “hereby,” “hereof,” “herein,”“hereunder,” “hereto” and
similar terms shall refer to this Agreement. 

23

        IN WITNESS WHEREOF, the
parties have caused this Agreement to be duly executed and delivered by their proper and duly authorized officers as of the date
and year first above written. 

	 	GENERAL MILLS, INC. 
	 
	 	By:	/s/   David B. VanBenschoten
	 	 	

		 	David B. VanBenschoten
Vice President and Treasurer
	 
	 	LEHMAN BROTHERS OTC DERIVATIVES INC. 
	 
	 	By:	/s/   Marlisa Vinciguerra
	 	 	

		 	Name:   Marlisa Vinciguerra
	 	 	

	 	 	Title:     Managing Director and Counsel
	 	 	

	 
	 	LEHMAN BROTHERS INC., as Agent 
(solely for purposes of Section 8.10) 
	 
	 	By:	/s/   Joseph P. Coleman
	 	 	

		 	Name:   Joseph P. Coleman
	 	 	

	 	 	Title:     Managing DirectorExhibit 10.1

 

CONFIDENTIAL SEPARATION AGREEMENT AND GENERAL RELEASE

CONFIDENTIAL SEPARATION AGREEMENT AND GENERAL RELEASE between THE INTERPUBLIC GROUP OF COMPANIES, INC. (“Interpublic”) and CHRISTOPHER COUGHLIN (“Executive”).  In consideration of the mutual covenants herein contained, the parties agree as follows:

1.          Employment.  Executive hereby resigns from any and all positions that he holds at Interpublic or any subsidiary thereof, effective December 31, 2004 (“Resignation Date”).  The Employment Agreement dated as of June 16, 2003 and the Executive Severance Agreement dated as of the same date, each between Interpublic and Executive, shall be deemed terminated as of the Resignation Date.  Through the Resignation Date Executive shall have the title “Executive Vice President, Chief Operating Officer.”  Executive acknowledges that he has previously relinquished his Chief Financial Officer title and Board membership.

2.          Payment and Benefits.  Subject to Executive’s execution and non-revocation of, and compliance with this Agreement, through the Resignation Date, Interpublic shall:

(a)        continue to pay to Executive his full base salary at its current level, less required federal, state and local withholdings;

(b)        provide Executive with continued benefits and allowances at their current levels;

(c)        continue to accrue the deferral at the rate of One Hundred Thousand Dollars ($100,000) (the “ESBA Deferral”) under the provisions of Section 2.01 of the Executive Special Benefits Arrangement (the “ESBA”);

(d)        maintain Executive’s eligibility for an award under Interpublic’s 2004 Annual Incentive Plan, based on a target award of one-hundred percent (100%) of Executive’s annual base salary plus ESBA Deferral, it being understood that one-half of that opportunity (and the actual amount payable to Executive in respect of such portion of such target award) will be based on Interpublic’s financial results relative to the existing 2004 Earnings Per Share metric.  Any additional bonus payable based on the remaining half of such target bonus opportunity will be made, if at all, in the discretion of the Compensation Committee of Interpublic’s Board of Directors, based on their assessment of Executive’s contributions during 2004;

(e)        accelerate the vesting of twenty-five (25%) of the Interpublic stock options granted to Executive upon the commencement of his employment.  This pro-rated amount is fifty thousand (50,000) options and Executive shall have ninety (90) days from the Resignation Date within which to exercise the options and

(f)         pay, or reimburse Executive for, Executive’s attorney’s fees and financial advisor fees incurred in connection with his separation from service with Interpublic in the amount of Fifty Thousand Dollars ($50,000), as the same shall have previously been identified to Interpublic by or on behalf of the Executive.

 

 

	
             
 	
             
 	
             
 

 

 

 

 

The above-referenced payments exceed in value the payments to which Executive may otherwise be entitled.

3.            Release of Claims.  Except as otherwise expressly provided below, by signing this Agreement and Release, Executive, on behalf of himself and his current, former, and future heirs, executors, administrators, attorneys, agents and assigns, releases and waives all legal claims in law or in equity of any kind whatsoever that Executive has or may have against Interpublic, its parents, subsidiaries and affiliates, and their respective officers, directors, employees, shareholders, members, agents, attorneys, trustees, fiduciaries, representatives, benefit plans and plan administrators, successors and/or assigns, and all persons or entities acting by, through, under, or in concert with any or all of them (collectively, the “Releasees”).  This release and waiver covers all rights, claims, actions and
suits of all kinds and descriptions that Executive now has or has ever had, whether known or unknown or based on facts now known or unknown, fixed or contingent, against the Releasees, occurring from the beginning of time up to and including the date that Executive executes this Agreement and Release, including, without limitation:

(a)          any claims for wrongful termination, defamation, invasion of privacy, intentional infliction of emotional distress, or any other common law claims;

(b)          any claims for the breach of any written, implied or oral contract between Executive and Interpublic, including but not limited to any contract of employment;

(c)          any claims of discrimination, harassment or retaliation based on such things as age, national origin, ancestry, race, religion, sex, sexual orientation, or physical or mental disability or medical condition; 

(d)          any claims for payments of any nature, including but not limited to wages, overtime pay, vacation pay, severance pay, commissions, bonuses and benefits or the monetary equivalent of benefits, but not including any claims for unemployment or workers’ compensation benefits, or for the consideration being provided to Executive pursuant to Paragraph 2 of this Agreement, or for the payments and benefits to which Executive is entitled under Interpublic’s employee benefit plans; and

(e)          all claims that Executive has or that may arise under the common law and all federal, state and local statutes, ordinances, rules, regulations and orders, including but not limited to any claim or cause of action based on the Fair Labor Standards Act, Title VII of the Civil Rights Act of 1964, the Age Discrimination in Employment Act, the Family and Medical Leave Act, the Americans with Disabilities Act, the Civil Rights Acts of 1866, 1871 and 1991, the Rehabilitation Act of 1973, the National Labor Relations Act, the Employee Retirement Income Security Act of 1974, the Worker Adjustment and Retraining Notification Act, the Vietnam Era Veteran’s Readjustment Assistance Act of 1974, Executive Order 11246, and any state laws governing employee rights, as each of them has been or may be amended;

 

 

	
             
 	
            2
 	
             
 

 

 

 

 provided, however, that this Paragraph 3 does not, and shall not be construed to, release any rights and entitlements Executive may have to (i) any benefits payable under the terms of the ESBA, (ii) any vested and accrued benefits Executive has under any employee pension plan (within the meaning of Section 3(3) of ERISA), (iii) any rights Executive has to exercise vested stock options in accordance with the terms and conditions of such awards, as modified by this Agreement, and (iv) any payments due and owing in accordance with Paragraph 2 of this Agreement.  This Agreement and Release shall be binding upon and inure to the benefit of Executive and the Releasees and any other individual or entity who may claim any interest in the matter through Executive.  Executive also acknowledges that he has not assigned any of his rights to make the aforementioned claims or demands.  Executive also acknowledge

s and represents that he has not filed nor will he file any lawsuits based on claims or demands that he has released herein.

4.            Attorney Review.  Executive is hereby advised that he should consult with an attorney prior to executing this Agreement.

5.            Review Period.  Executive is also advised that he has twenty-one (21) days from the date this Agreement is delivered to him within which to consider whether he will sign it.

6.            Revocation Period.  If Executive signs this Agreement, he acknowledges that he understands that he may revoke this Agreement within seven (7) days after he has signed it by notifying Interpublic in writing that he has revoked this Agreement.  Such notice shall be addressed to Timothy Sompolski, Executive Vice President, Human Resources, The Interpublic Group of Companies, Inc., 1114 Avenue of the Americas, New York, New York  10036.  This Agreement shall not be effective or enforceable in accordance with its terms until the 7-day revocation period has expired.

7.            Intellectual Property Rights.  Executive acknowledges and agrees that all concepts, writings and proposals submitted to and accepted by Interpublic (“Intellectual Property”) which relate to the business of Interpublic and which have been conceived or made by him during the period of his employment, either alone or with others are the sole and exclusive property of Interpublic or its clients.  As of the date hereof, Executive hereby assigns in favor of Interpublic all the Intellectual Property covered by this paragraph.  On or subsequent to the date hereof, Executive shall execute any and all other papers and lawful documents required or necessary to vest sole rights, title and interest in the Interpublic or its nominee of The Intellectual Property.

8.            Non-Admission.  This Agreement and Release shall not in any way be construed as an admission by the Company of any liability for any reason, including, without limitation, based on any claim that the Company has committed any wrongful or discriminatory act.

9.            Non-Disparagement.  Executive agrees that he will not say, write or cause to be said or written, any statement that may be considered defamatory, derogatory or disparaging of any of the Releasees.  Interpublic agrees that it will not, and that it will cause each of its subsidiaries not to, and will use it commercially reasonable best efforts to cause each of its officers not to, say, write or cause to be said or written, any statement that may be considered defamatory, derogatory or disparaging of Executive.

 

 

	
             
 	
            3
 	
             
 

 

 

 

 

10.         Confidentiality/Company Property.  Executive acknowledges that he has had access to confidential, proprietary business information of Interpublic as a result of employment, and Executive hereby agrees not to use such information personally or for the benefit of others.  Executive also agrees not to disclose to anyone any confidential information at any time in the future so long as it remains confidential.  Executive represents that he has returned all Interpublic property in his possession.  Executive also acknowledges and reaffirms his continuing obligations to Interpublic pursuant to any confidentiality, non-compete and/or non-solicitation agreements signed by Executive.

11.         Non-Solicitation of Clients and Employees.  For a period of one (1) year after Executive’s termination, regardless of the reason therefor, Executive shall not, without the consent of Interpublic’s Chief Executive Officer, (a) directly or indirectly, either on Executive’s own behalf or on behalf of any other person, firm or corporation, solicit any account that is a client of Interpublic at the time of Executive’s termination or that was a client of Interpublic at any time within one year prior to the date of Executive’s termination of employment; (b) perform any services relating to advertising, marketing, research, public relations or related services for any such account; or (c) directly or indirectly, employ or attempt to employ or assist anyone else to employ any person who is at such time or
who was within the six-month period immediately prior to such time in the employ of Interpublic.  Executive acknowledges that the above restrictions are reasonable and necessary to protect Interpublic’s legitimate business interest.

12.         Entire Agreement; No Other Promises.  Executive hereby acknowledges and represents that this Agreement and Release contains the entire agreement between Executive and Interpublic, and it supersedes any and all previous agreements concerning the subject matter hereof provided, however, that this Agreement does not, and shall not be construed to, supersede the ESBA or the agreements governing Executive’s stock options that are vested and exercisable as of the Resignation Date (including by reason of this Agreement).  Executive further acknowledges and represents that neither Interpublic nor any of its agents, representatives or employees have made any promise, representation or warranty whatsoever, express, implied or statutory, not contained herein, concerning the subject matter hereof, to induce
Executive to execute this Agreement and Release, and Executive acknowledges that he has not executed this Agreement and Release in reliance on any such promise, representation or warranty.

13.         Equitable Relief.  Executive acknowledges that a remedy at law for any breach or attempted breach of this Agreement will be inadequate, and agrees that Interpublic shall be entitled to specific performance and injunctive and other equitable relief in the case of any such breach or attempted breach.  It is also agreed that, in addition to any other remedies, in the event of a breach of this Agreement by Executive, Interpublic may withhold and retain all or any portion of the severance payments.

14.         Severability.  If any term or condition of this Agreement and Release shall be held to be invalid, illegal or unenforceable in any respect by a court of competent jurisdiction, this Agreement and Release shall be construed without such term or condition.  If at the time of enforcement of any provision of this Agreement, a court shall hold that the duration, scope or area restriction of any provision hereof is unreasonable under circumstances now or then existing, the parties hereto agree that the maximum duration, scope or area reasonable under the circumstances shall be substituted by the court for the stated duration, scope or area.

 

 

	
             
 	
            4
 	
             
 

 

 

 

15.         Choice of Law and Forum.  This Agreement and Release shall be construed and enforced in accordance with, and governed by, the laws of the State of New York, without regard to its choice of law provisions.  Any dispute under this Agreement and Release shall be adjudicated by a court of competent jurisdiction in the city of New York.

16.         Amendment.  This Agreement and Release may not be amended or modified in any way, except pursuant to a written instrument signed by both parties.

HAVING READ AND UNDERSTOOD THE RELEASE, CONSULTED COUNSEL OR VOLUNTARILY ELECTED NOT TO CONSULT COUNSEL, AND HAVING HAD SUFFICIENT TIME TO CONSIDER WHETHER TO ENTER INTO THIS AGREEMENT AND RELEASE, THE PARTIES HERETO HAVE EXECUTED THIS AGREEMENT AND RELEASE AS OF THE DAY AND YEAR FIRST WRITTEN BELOW.

	 	THE INTERPUBLIC GROUP OF 

      COMPANIES, INC.. 

      

      By: /s/ Timothy Sompolski              

             Name: Timothy Sompolski

      Title:   Executive Vice President,

                  Human Resources
	 	 
	 	     /s/ Christopher Coughlin           

         Christopher Coughlin 

 

 

 

 

 

	
             
 	
            5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00076-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00076-of-00352.parquet"}]]