Document:

Amendment No.1 to Commission Agreement

 Exhibit 10.1 
  
 EXECUTION COPY 
  
 AMENDMENT NO. 1 TO 
 COMMISSION
AGREEMENT 
  
 THIS AMENDMENT NO. 1 (the
“Amendment”) to the COMMISSION AGREEMENT dated as of September 12, 2002 (the “Commission Agreement”; capitalized terms not otherwise defined in this Amendment shall have the meanings ascribed to such terms in the
Commission Agreement), between JERRY L. KEEN, an individual resident of the State of Georgia (“Keen”), and ABC BANCORP, a Georgia corporation (the “Company”), is made as of the 27th day of July, 2004 by and between Keen and the Company. 
  
 W I T N E S S E T H: 
  
 WHEREAS, Keen and the Company each desire to amend the Commission
Agreement as more particularly set forth herein; 
  
 NOW,
THEREFORE, in consideration of the foregoing and the representations, warranties, covenants and agreements set forth herein, and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, and intending to
be legally bound hereby, the parties hereto hereby agree as follows: 
  
 SECTION 1. Amendment to Section 2(B) of the Commission Agreement. Section 2(B) of the Commission Agreement is hereby amended by deleting Section 2(B) of the Commission Agreement in its entirety and substituting the following
in lieu thereof: 
  
 “(B) On the first
regular payroll payment date of the Company following (a) January 1, 2005, Keen will be paid Thirty-Seven Thousand Five Hundred and No/100 Dollars ($37,500); provided, however, that if, during the period between September 12, 2003 and
December 31, 2004, The First Bank of Brunswick, a wholly-owned subsidiary of the Company (“First Bank”), earns (1) between $259,000 and $297,999 of gross commissions and fees from the provision of brokerage and investment services (other
than sales of fixed annuities through PFIC and credit life and accident & health insurance) to its customers (collectively, “Gross Commissions”), then in lieu of such $37,500 payment, Keen will be paid Fifty Thousand and No/100 Dollars
($50,000.00), (2) $298,000 of Gross Commissions, then in lieu of such $37,500 payment, Keen will be paid Seventy-Five Thousand and No/100 Dollars ($75,000.00), or (3) more than $298,000 of Gross Commissions, then in lieu of such $37,500 payment,
Keen will be paid Seventy-Five Thousand and No/100 Dollars ($75,000.00) plus an amount equal to the product obtained by multiplying $75,000 by a fraction, the numerator of which shall be the actual amount of such Gross Commissions earned by First
Bank during such period, and the denominator of which shall be $298,000; and (b) January 1, 2006, 

  

 
Keen will be paid (1) Twenty-Five Thousand and No/100 Dollars ($25,000) if First Bank earns between $200,000 and $258,999 of Gross Commissions during the
period between January 1, 2005 and December 31, 2005, (2) Fifty Thousand and No/100 Dollars ($50,000) if First Bank earns between $259,000 and $297,999 of Gross Commissions during the period between January 1, 2005 and December 31, 2005, (3)
Seventy-Five Thousand and No/100 Dollars ($75,000.00) if First Bank earns $298,000 of Gross Commissions during the period between January 1, 2005 and December 31, 2005, or (4) Seventy-Five Thousand and No/100 Dollars ($75,000.00) plus an amount
equal to the product obtained by multiplying $75,000 by a fraction, the numerator of which shall be the actual amount of Gross Commissions earned by First Bank during the period between January 1, 2005 and December 31, 2005, and the denominator of
which shall be $298,000, if First Bank earns more than $298,000 of Gross Commissions during such period. The parties hereto agree that the payment amounts referred to in this Section 2(B) will not accumulate in favor of Keen, and Keen will be
entitled to the payment of only one of the amounts set forth in this Section 2(B) for the periods referenced herein depending on the amount of Gross Commissions actually earned by First Bank during each such period.” 
  
 SECTION 2. Representations, Warranties and Acknowledgements.
Each party hereto represents, warrants and acknowledges to the other party hereto that (a) no interest in the Commission Agreement has been sold, hypothecated, assigned or otherwise transferred by such party, and there are no defaults by such party
under the Commission Agreement as of the date hereof; and (b) except as otherwise expressly set forth herein, such party did not rely and has not relied upon any representation, warranty, acknowledgement or statement made by such other party or by
any of such other party’s agents, representatives or attorneys with regard to the subject matter, basis or effect of this Amendment. 
  
 SECTION 3. Voluntary Agreement. The parties to this Amendment agree that they have thoroughly discussed all aspects of this Amendment with
their own attorneys, that they have read and fully understand all of the provisions of this Amendment, and that they are voluntarily entering into this Amendment. 
  
 SECTION 4. Further Assurances. Keen shall execute and deliver to the Company such further documents and do
such other acts and things as the Company may reasonably require in order to carry out the purposes of this Amendment. 
  
 SECTION 5. Effect on Commission Agreement. Except as otherwise specifically provided herein, the Commission Agreement shall not be amended
and shall remain in full force and effect. 
  
 SECTION 6.
Binding Effect; Headings. The covenants contained herein shall bind, and the benefits hereof shall inure to, the respective heirs, personal representatives, successors and permitted assigns, as the case may be, of the parties hereto. The
Section headings contained in this Amendment are for reference purposes only and will not affect in any way the meaning or interpretation of this Amendment. 
  

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 SECTION 7. Governing Law. This Agreement shall be governed by, and construed and enforced
in accordance with, the laws of the State of Georgia, without regard to the conflicts of laws principles thereof. 
  
 SECTION 8. Counterparts. This Amendment may be executed simultaneously in counterparts, each of which will be deemed an original, and all of
which together will constitute one and the same instrument. Executed counterparts may be delivered via facsimile transmission. 
  
 IN WITNESS WHEREOF, Keen has executed and delivered this Amendment, and the Company has caused this Amendment to be executed and delivered by its
duly authorized officer, all as of the day and year first above written. 
  

	
	
	 /s/ JERRY L. KEEN

	JERRY L. KEEN

  

							
	ABC BANCORP
		
	 By:
	 	/s/ MIKE MCDONALD
				
	 	 	 	 	Its:	 	SVP-Director of Retail Banking

  

 32003 Long-Term Incentive Plan

 Exhibit 10 (u) 
  
 This document constitutes part of a prospectus covering securities 
 that have been registered under the Securities Act of 1933 
  
 SIGMA-ALDRICH CORPORATION 
  
 2003 LONG-TERM INCENTIVE PLAN 
  
 CERTIFICATE TERMS-INCENTIVE STOCK OPTIONS 
  
 The following terms (the “Terms”) govern the option certificates issued under the Sigma-Aldrich Corporation 2003 Long-Term Incentive Plan with respect to
incentive stock options: 
  
 1. THIS IS TO CERTIFY THAT, in accordance with and
subject to all of the terms, provisions and conditions of the Sigma-Aldrich Corporation 2003 Long-Term Incentive Plan (the “Plan”), approved and adopted by the Board of Directors and shareholders of Sigma-Aldrich Corporation, a Delaware
corporation (the “Company”), and in accordance with and subject to the action relating to the Plan from time to time taken and authorized by the committee of directors appointed by the Board of Directors of the Company to administer the
Plan (the “Committee”), including the rules from time to time promulgated by said Committee (copies of which are and will be maintained on file at the offices of the Secretary or Assistant Secretaries of the Company, subject to examination
by any optionee holding options under the Plan (the “Optionee”), the Company has granted to the Optionee (who on the date of the grant of the option is an employee of the Company or of a subsidiary of the Company) the right and option to
purchase from the Company the aggregate number of shares of the Company’s Common Stock, $1.00 par value per share, set forth in the Optionee’s 2003 Long-Term Incentive Plan Stock Option Certificate (the “Certificate”) at and for
the purchase price per share set forth in the Certificate, payable at the time of exercise of such option in cash or in the form of stock of the Company previously acquired by the Optionee or a combination thereof. Said option shall be an incentive
stock option within the meaning of the Plan and Section 422 of the Internal Revenue Code of 1986, as amended. 
  
 2. The option granted pursuant to the Certificate may be exercised, and the Common Stock may be purchased, by the Optionee as a result of such exercise, only within the period indicated in the Certificate and subject
to the limitations hereinafter set forth, namely: 
  
 (a) Except
as provided in Section 2(d) below, no part of the option may be exercised, and none of the optioned shares may be purchased, prior to the expiration of at least twelve (12) months from the date of grant. Thereafter, all or portions of the option may
be exercised and shares may be purchased in the share amounts indicated during the exercise periods indicated on the Certificate. All periods prior to the indicated exercise dates shall be referred to as “Non-Exercise Periods.” 

 
 (b) After the respective Non-Exercise Periods have elapsed, the shares may
be purchased as a whole at any time, or from time to time in part, by exercising this option. 
  
 (c) At 5:00 P.M. (C.S.T.) on the expiration date indicated on the Certificate (the “Expiration Date”) the right and option herein granted to purchase such shares in all events shall cease and terminate.

  
 (d) Except as provided below, the Optionee may not exercise
any of the option rights hereunder unless at the time of exercise the Optionee is a full-time employee of the Company or of a subsidiary of the Company, and has been in such employ continuously since the date of grant. 
  

 (1) Termination of Employment During Non-Exercise Periods 
  
 Except as provided in Section 2(d)(2), if, during the respective Non-Exercise
Periods the Optionee’s employment with the Company and every subsidiary of the Company shall terminate for any reason, the Optionee’s right to exercise the related portion of the option shall terminate and all rights hereunder shall cease.

  
 (2) Termination of Employment After the Non-Exercise Periods
and Exceptions to the General Restriction Against Exercise During the Non-Exercise Periods 
  
 (A) By Retirement or Termination of Employment by the Company without Cause 
  
 (i) If the respective Non-Exercise Periods shall have
elapsed and the Optionee’s employment with the Company and every subsidiary of the Company shall have been terminated by the Company and every subsidiary of the Company thereafter without cause, or if the Optionee’s employment with the
Company and every subsidiary of the Company shall terminate because of the Retirement (as defined below) of the Optionee from the Company and all subsidiaries, the Optionee shall have the right to exercise the unexercised portion of the option at
any time during a period of twelve (12) months after the date of termination or Retirement, in whole or in part, (x) in the case of termination of the Optionee’s employment by the Company without cause, to the extent the Optionee could have
exercised such option had the Optionee remained in the employ of the Company during the twelve (12) month period, or (y) in the case of termination because of Retirement of the Optionee to the extent of any or all of the options held by the Optionee
whether or not the Non-exercise Periods shall have elapsed with respect to such options. 
  
 (ii) If a subsidiary of the Company ceases to be a subsidiary of the Company, an Optionee who is employed by such former subsidiary and is
no longer employed by either the Company or any current subsidiary of the Company shall be deemed to have terminated employment with the Company and every subsidiary of the Company, and such termination shall be deemed to have been made by the
Company without cause. The unexercised portion of the option shall terminate no later than twelve (12) months after the Optionee ceases to be an employee for any of the foregoing reasons included in these sections (i) and (ii), and any unexercised
portion shall terminate immediately if and when the Optionee becomes an employee, agent or principal of a competitor of the Company, or of any subsidiary of the Company, without the consent of the Company. 
  
 (iii) If the Optionee dies within such twelve (12) month
period at a time when the Optionee is not an employee, agent or principal of a competitor of the Company or of any subsidiary (or when the Company has consented to such relationship with a competitor), the option may be exercised at any time during
the period of twelve (12) months after the date of the death of the Optionee by a successor (as defined below), (x) in the case of termination of the Optionee’s employment by the Company without cause, for the number of shares which the
deceased Optionee could have acquired by the exercise of such option had the deceased Optionee survived for the twelve (12) month period, without regard to the requirement of exercise within twelve (12) months after termination of employment, or (y)
in the case of termination because of the Retirement of the Optionee, for the number of shares subject to any or all of the options held by the deceased Optionee, whether or not the Non-Exercise Periods shall have elapsed with respect to such
options, without regard to the requirement of exercise within twelve (12) months after termination of employment. 
  
 (iv) For the purposes of this option, the term “successor” means the deceased Optionee’s legal representative or any person
who acquired the right to exercise such option by bequest or inheritance or by reason of the laws of descent and distribution. The term “Retirement” shall 

  

 2 

 
mean the termination of employment after either (x) attainment of age 65, or (y) a retirement age specified in the provisions of a retirement plan maintained
by the Company for its employees generally. 
  
 (B) By Death or Permanent and Total Disability 
  
 If the
respective Non-Exercise Periods shall have elapsed, and the Optionee dies or is totally and permanently disabled (within the meaning of Section 422(c)(6) of the Internal Revenue Code) while in the employ of the Company or any subsidiary, or dies
during the 12-month period following disability, the option may be exercised by the Optionee or by the Optionee’s successor at any time during the twelve (12) month period after the date of such death or disability for the total number of
shares subject to the Optionee’s options, whether or not the Non-exercise Periods shall have elapsed with respect to such options. 
  
 (C) By Termination of Employment for Cause 
  

If the respective Non-Exercise Periods shall have elapsed and the Optionee’s employment is terminated by the Company and every subsidiary for cause, any
unexercised portion of any option granted to the Optionee shall terminate with his or her termination of employment. As used herein, the term “cause” means (i) the failure by the Optionee to perform his or her duties with the Company or
any subsidiary as a result of incompetence or willful neglect, or (ii) the willful engaging in conduct which is injurious to the Company or any subsidiary, monetarily or otherwise, as determined by the Committee in its sole discretion, including,
without limitation, the existence of a conflict of interest or the commission of a crime. 
  
 (D) By Voluntary Termination of Employment 
  

If the respective Non-Exercise Periods shall have elapsed and the Optionee voluntarily terminates his or her employment with the Company and every subsidiary for any
reason other than his or her Retirement, any unexercised portion of his or her option shall terminate with his or her termination of employment. 
  
 (E) Certain Corporate Transactions 
  
 If the Optionee’s employment is terminated or deemed terminated with the Company and every subsidiary of the Company solely as a result of: 
  
 (i) the sale of a subsidiary of the Company, 
  
 (ii) the sale of the assets of a portion of the business of
the Company or a subsidiary of the Company, or 
  
 (iii) a corporate reorganization or restructuring, 
  
 then at any time
during the twelve (12) month period after the date of such termination, the Optionee may exercise the options for which the Non-Exercise Periods have elapsed for the total number of shares subject to such options and the Committee may, in its sole
and absolute discretion, allow the Optionee to exercise the options for which the Non-Exercise Periods have not elapsed for the total number of shares subject to such options. Any unexercised portion shall terminate immediately if and when the
Optionee becomes an employee, agent or principal of a competitor of the Company, or of any subsidiary of the Company, without the consent of the Company. 
  

 3 

 (3) Tax Treatment of Incentive Stock Options 
  
 Notwithstanding the foregoing, in the event an incentive stock option is
exercised more than three months after the date of the termination of the Optionee’s employment, the incentive stock option will generally be treated as a non-qualified stock option, unless the Optionee’s employment was terminated as a
result of disability or death. Accordingly, the Optionee will be required to recognize income upon exercise of the stock option. 
  
 3. For any exercise of the option granted pursuant to the Certificate, the Certificate shall be surrendered to the Company at its principal financial office, with a
subscription form in the form supplied by the Company appropriately completed and executed, accompanied by payment to the Company of the full purchase price of the shares of Common Stock then being purchased. The Company will then issue and deliver
to the Optionee, as soon as reasonably may be done, a certificate representing the shares so purchased and fully paid for, and, in the case of a partial exercise, will either deliver to the Optionee a new certificate, in substantially the form of
the initial Certificate or will return the Certificate with an appropriate notation thereon of such partial exercise. Further, the Company has the right to require payment of any taxes before issuing to the Optionee any stock under the option and
will deduct any taxes from any payment of any kind due to the Optionee. The Committee may permit the Optionee to satisfy withholding obligations by delivering previously owned shares or by electing to have shares withheld. 
  
 4. This option shall not be transferred by the Optionee otherwise than by will or the laws of
descent and distribution, nor may the Optionee pledge, hypothecate or otherwise create any lien thereupon. During the lifetime of the Optionee, the option shall be exercisable only by the Optionee or, if he or she is legally incompetent, by his or
her legal representative. 
  
 5. The option hereby incorporates by reference the
terms and conditions of the Plan, and the option is issued to and received by the Optionee subject to all such terms and conditions. In the event of any conflict or inconsistency between the provisions of Section 6(f) of the Plan and these Terms or
the Certificate, the provisions of these Terms or the Certificate shall control. In the event of any conflict or inconsistency between any other provisions of the Plan and these Terms or the Certificate, the provisions of the Plan shall control.

  
 6. These terms are an integral part of the Certificate and should be read in
conjunction therewith. 
  

 4 

 This document constitutes part of a prospectus covering securities 
 that have been registered under the Securities Act of 1933 
  
 SIGMA-ALDRICH CORPORATION 
  
 2003 LONG-TERM INCENTIVE PLAN 
  
 CERTIFICATE TERMS-NON-QUALIFIED STOCK OPTIONS 
  
 The following terms (the “Terms”) govern the option certificates issued under the Sigma-Aldrich Corporation 2003 Long-Term Incentive Plan with respect to
non-qualified stock options: 
  
 1. THIS IS TO CERTIFY THAT, in accordance with
and subject to all of the terms, provisions and conditions of the Sigma-Aldrich Corporation 2003 Long-Term Incentive Plan (the “Plan”), approved and adopted by the Board of Directors and shareholders of Sigma-Aldrich Corporation, a
Delaware corporation (the “Company”), and in accordance with and subject to the action relating to the Plan from time to time taken and authorized by the committee of directors appointed by the Board of Directors of the Company to
administer the Plan (the “Committee”), including the rules from time to time promulgated by said Committee (copies of which are and will be maintained on file at the offices of the Secretary or Assistant Secretaries of the Company, subject
to examination by any optionee holding options under the Plan (the “Optionee”), the Company has granted to the Optionee (who on the date of the grant of the option is an employee of the Company or of a affiliate of the Company) the right
and option to purchase from the Company the aggregate number of shares of the Company’s Common Stock, $1.00 par value per share, set forth in the Optionee’s 2003 Long-Term Incentive Plan Stock Option Certificate (the
“Certificate”) at and for the purchase price per share set forth in the Certificate, payable at the time of exercise of such option in cash or in the form of stock of the Company previously acquired by the Optionee or a combination
thereof. Said option shall be a non-qualified stock option and not an incentive stock option within the meaning of the Plan and Section 422 of the Internal Revenue Code of 1986, as amended. 
  
 2. The option granted pursuant to the Certificate may be exercised, and the Common Stock may
be purchased, by the Optionee as a result of such exercise, only within the period indicated in the Certificate and subject to the limitations hereinafter set forth, namely: 
  
 (a) Except as provided in Section 2(d) below, no part of the option may be exercised, and none of the optioned shares may be
purchased, prior to the expiration of at least twelve (12) months from the date of grant. Thereafter, all or portions of the option may be exercised and shares may be purchased in the share amounts indicated during the exercise periods indicated on
the Certificate. All periods prior to the indicated exercise dates shall be referred to as “Non-Exercise Periods.” 
  
 (b) After the respective Non-Exercise Periods have elapsed, the shares may be purchased as a whole at any time, or from time to time in part, by
exercising this option. 
  
 (c) At 5:00 P.M. (C.S.T.) on the
expiration date indicated on the Certificate (the “Expiration Date”) the right and option herein granted to purchase such shares in all events shall cease and terminate. 
  
 (d) Except as provided below, the Optionee may not exercise any of the option rights hereunder unless at the time of
exercise the Optionee is a full-time employee of the Company or of a affiliate of the Company, and has been in such employ continuously since the date of grant. 

 (1) Termination of Employment During Non-Exercise Periods 
  
 Except as provided in Section 2(d)(2), if, during the respective
Non-Exercise Periods the Optionee’s employment with the Company and every affiliate of the Company shall terminate for any reason, the Optionee’s right to exercise the related portion of the option shall terminate and all rights hereunder
shall cease. 
  
 (2) Termination of Employment After the
Non-Exercise Periods and Exceptions to the General Restriction Against Exercise During the Non-Exercise Periods 
  
 (A) By Retirement or Termination of Employment by the Company without Cause 
  
 (i) If the respective Non-Exercise Periods shall have elapsed and the Optionee’s employment with the Company and every
affiliate of the Company shall have been terminated by the Company and every affiliate of the Company thereafter without cause, or if the Optionee’s employment with the Company and every affiliate of the Company shall terminate because of the
Retirement (as defined below) of the Optionee from the Company and all subsidiaries, the Optionee shall have the right to exercise the unexercised portion of the option at any time during a period of twelve (12) months after the date of termination
or Retirement, in whole or in part, (x) in the case of termination of the Optionee’s employment by the Company without cause, to the extent the Optionee could have exercised such option had the Optionee remained in the employ of the Company
during the twelve (12) month period, or (y) in the case of termination because of Retirement of the Optionee to the extent of any or all of the options held by the Optionee whether or not the Non-exercise Periods shall have elapsed with respect to
such options. 
  
 (ii) If an affiliate of the Company ceases to
be an affiliate of the Company, an Optionee who is employed by such former affiliate and is no longer employed by either the Company or any current affiliate of the Company shall be deemed to have terminated employment with the Company and every
affiliate of the Company, and such termination shall be deemed to have been made by the Company without cause. The unexercised portion of the option shall terminate no later than twelve (12) months after the Optionee ceases to be an employee for any
of the foregoing reasons included in these sections (i) and (ii), and any unexercised portion shall terminate immediately if and when the Optionee becomes an employee, agent or principal of a competitor of the Company, or of any affiliate of the
Company, without the consent of the Company. 
  
 (iii) If the
Optionee dies within such twelve (12) month period at a time when the Optionee is not an employee, agent or principal of a competitor of the Company or of any affiliate (or when the Company has consented to such relationship with a competitor), the
option may be exercised at any time during the period of twelve (12) months after the date of the death of the Optionee by a successor (as defined below), (x) in the case of termination of the Optionee’s employment by the Company without cause,
for the number of shares which the deceased Optionee could have acquired by the exercise of such option had the deceased Optionee survived for the twelve (12) month period, without regard to the requirement of exercise within twelve (12) months
after termination of employment, or (y) in the case of termination because of the Retirement of the Optionee, for the number of shares subject to any or all of the options held by the deceased Optionee, whether or not the Non-Exercise Periods shall
have elapsed with respect to such options, without regard to the requirement of exercise within twelve (12) months after termination of employment. 
  
 (iv) For the purposes of this option, the term “successor” means the deceased Optionee’s legal representative or any person who acquired
the right to exercise such option by bequest or inheritance or by reason of the laws of descent and distribution. The term “Retirement” shall mean the termination of employment after either (x) attainment of age 65, or (y) a retirement age
specified in the provisions of a retirement plan maintained by the Company for its employees generally. 
  

 2 

 (B) By Death or Permanent and Total Disability 
  
 If the respective Non-Exercise Periods shall have elapsed, and the Optionee dies or is
totally and permanently disabled (within the meaning of Section 422(c)(6) of the Internal Revenue Code) while in the employ of the Company or any affiliate, or dies during the 12-month period following disability, the option may be exercised by the
Optionee or by the Optionee’s successor at any time during the twelve (12) month period after the date of such death or disability for the total number of shares subject to the Optionee’s options, whether or not the Non-exercise Periods
shall have elapsed with respect to such options. 
  
 (C) By Termination of Employment for Cause 
  
 If the respective
Non-Exercise Periods shall have elapsed and the Optionee’s employment is terminated by the Company and every affiliate for cause, any unexercised portion of any option granted to the Optionee shall terminate with his or her termination of
employment. As used herein, the term “cause” means (i) the failure by the Optionee to perform his or her duties with the Company or any affiliate as a result of incompetence or willful neglect, or (ii) the willful engaging in conduct which
is injurious to the Company or any affiliate, monetarily or otherwise, as determined by the Committee in its sole discretion, including, without limitation, the existence of a conflict of interest or the commission of a crime. 
  
 (D) By Voluntary Termination of Employment

  
 If the respective Non-Exercise Periods shall have elapsed and the Optionee
voluntarily terminates his or her employment with the Company and every affiliate for any reason other than his or her Retirement, any unexercised portion of his or her option shall terminate with his or her termination of employment. 
  
 (E) Certain Corporate Transactions 
  
 If the Optionee’s employment is terminated or deemed terminated with the Company and
every affiliate of the Company solely as a result of: 
  
 (i) the
sale of a affiliate of the Company, 
  
 (ii) the sale of the
assets of a portion of the business of the Company or a affiliate of the Company, or 
  
 (iii) a corporate reorganization or restructuring, 
  
 then at any time during the twelve (12) month period after the date of such termination, the Optionee may exercise the options for which the Non-Exercise Periods have elapsed for the total number of shares subject to such options and the
Committee may, in its sole and absolute discretion, allow the Optionee to exercise the options for which the Non-Exercise Periods have not elapsed for the total number of shares subject to such options. Any unexercised portion shall terminate
immediately if and when the Optionee becomes an employee, agent or principal of a competitor of the Company, or of any affiliate of the Company, without the consent of the Company. 
  
 3. For any exercise of the option granted pursuant to the Certificate, the Certificate shall be surrendered to the Company at its principal
financial office, with a subscription form in the form supplied by the Company appropriately completed and executed, accompanied by payment to the Company of the full purchase price of the shares of Common Stock then being purchased. The Company
will then issue and deliver to the Optionee, as soon as reasonably may be done, a certificate representing the shares so purchased and fully paid for, and, in the case of a partial exercise, will either deliver to the Optionee a new certificate, in
substantially the form of the initial Certificate or will return the Certificate with an appropriate notation thereon of such partial exercise. 
  

 3 

 Further, the Company has the right to require payment of any taxes before issuing to the Optionee any stock under the
option and will deduct any taxes from any payment of any kind due to the Optionee. The Committee may permit the Optionee to satisfy withholding obligations by delivering previously owned shares or by electing to have shares withheld. 
  
 4. This option shall not be transferred by the Optionee otherwise than by will or the laws of
descent and distribution, nor may the Optionee pledge, hypothecate or otherwise create any lien thereupon. During the lifetime of the Optionee, the option shall be exercisable only by the Optionee or, if he or she is legally incompetent, by his or
her legal representative. 
  
 5. The option hereby incorporates by reference the
terms and conditions of the Plan, and the option is issued to and received by the Optionee subject to all such terms and conditions. In the event of any conflict or inconsistency between the provisions of Section 6(f) of the Plan and these Terms or
the Certificate, the provisions of these Terms or the Certificate shall control. In the event of any conflict or inconsistency between any other provisions of the Plan and these Terms or the Certificate, the provisions of the Plan shall control.

  
 6. These terms are an integral part of the Certificate and should be read in
conjunction therewith. 
  

 4

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