Document:

Non-Employee Director Compensation Policy

 Exhibit 10.4 
 CHEMOCENTRYX, INC. 
 NON-EMPLOYEE DIRECTOR COMPENSATION POLICY

 Non-employee members of the board of directors (the “Board”) of ChemoCentryx, Inc. (the
“Company”) shall be eligible to receive cash and equity compensation commencing on the date immediately preceding the first date upon which the Company is subject to the reporting requirements of Section 13 or 15(d)(2)
of the Securities Exchange Act of 1934, as amended (the “Public Trading Date”), as set forth in this Non-Employee Director Compensation Policy (this “Policy”). The cash and equity compensation
described in this Policy shall be paid or be made, as applicable, automatically and without further action of the Board, to each member of the Board who is not an employee of the Company or any parent or subsidiary of the Company (each, a
“Non-Employee Director”) who may be eligible to receive such cash or equity compensation, unless such Non-Employee Director declines the receipt of such cash or equity compensation by written notice to the Company. This
Policy shall remain in effect until it is revised or rescinded by further action of the Board. The terms and conditions of this Policy shall supersede any prior cash or equity compensation arrangements between the Company and its Non-Employee
Directors. 
 1. Cash Compensation. 
 (a) Annual Retainers. Each Non-Employee Director shall be eligible to receive an annual retainer of $30,000 for service on the Board. In addition, a Non-Employee Director shall receive the
following additional annual retainers, as applicable: 
 (i) Chairperson of the Audit Committee. A Non-Employee Director
serving as Chairperson of the Audit Committee shall receive an additional annual retainer of $15,000 for such service. 
 (ii)
Member of the Audit Committee. A Non-Employee Director serving as a member of the Audit Committee (other than the Chairperson) shall receive an additional annual retainer of $10,000 for such service. 

(iii) Chairperson of the Compensation Committee. A Non-Employee Director serving as Chairperson of the Compensation Committee
shall receive an additional annual retainer of $7,500 for such service. 
 (iv) Member of the Compensation Committee. A
Non-Employee Director serving as a member of the Compensation Committee (other than the Chairperson) shall receive an additional annual retainer of $5,000 for such service. 
 (v) Chairperson of the Nominating and Corporate Governance Committee. A Non-Employee Director serving as Chairperson of the Nominating and Corporate Governance Committee shall receive an additional
annual retainer of $5,000 for such service. 
 (vi) Member of the Nominating and Corporate Governance Committee. A
Non-Employee Director serving as a member of the Nominating and Corporate Governance Committee (other than the Chairperson) shall receive an additional annual retainer of $2,500 for such service. 

(b) Payment of Retainers. The annual retainers described in Section 1(a) shall be earned on a quarterly basis based on a
calendar quarter and shall be paid by the Company in arrears not later than the fifth business day following the end of each calendar quarter. In the event a Non-Employee Director does not serve as a Non-Employee Director, or in the applicable
positions described in Section 1(a), for an entire calendar quarter, the retainer paid to such Non-Employee Director shall be prorated for the portion of such calendar quarter actually served as a Non-Employee Director, or in such positions, as
applicable. Non-Employee Directors may elect to receive vested shares of common stock in lieu of the foregoing retainers on the date on which such retainers would otherwise have been paid in cash in accordance with the terms and conditions of the
Company’s 2012 Equity Incentive Award Plan (the “Equity Plan”). 
 2. Equity Compensation.
Non-Employee Directors shall be granted the equity awards described below. The awards described below shall be granted under and shall be subject to the terms and provisions of the Equity Plan and shall be granted subject to the execution and
delivery of award agreements, including attached exhibits, in substantially the same forms previously approved by the Board, setting forth the vesting schedule applicable to such awards and such other terms as may be required by the Equity Plan.

 (a) Initial Awards. A person who is initially elected or appointed to the Board following the Public Trading Date, and
who is a Non-Employee Director at the time of such initial election or appointment, shall be eligible to receive a stock option to purchase 25,000 shares of the Company’s common stock on the date of such initial election or appointment. The
awards described in this Section 2(a) shall be referred to as “Initial Awards.” No Non-Employee Director shall be granted more than one Initial Award. 

 (b) Subsequent Awards. A person who is a Non-Employee Director immediately following
each annual meeting of the Company’s stockholders after the Public Trading Date and who will continue to serve as a Non-Employee Director immediately following such annual meeting shall be automatically granted an option to purchase 12,500
shares of the Company’s common stock on the date of each such annual meeting. The awards described in this Section 2(b) shall be referred to as “Subsequent Awards.” For the avoidance of doubt, a Non-Employee
Director elected for the first time to the Board at an annual meeting of the Company’s stockholders shall only receive an Initial Award in connection with such election, and shall not receive any Subsequent Award on the date of such meeting as
well. 
 (c) Termination of Employment of Employee Directors. Members of the Board who are employees of the Company or
any parent or subsidiary of the Company who subsequently terminate their employment with the Company and any parent or subsidiary of the Company and remain on the Board will not receive an Initial Award pursuant to Section 2(a) above, but to
the extent that they are otherwise eligible, will be eligible to receive, after termination from employment with the Company and any parent or subsidiary of the Company, Subsequent Awards as described in Section 2(b) above. 

(d) Terms of Awards Granted to Non-Employee Directors. 
 (i) Purchase Price. The per share exercise price of each option granted to a Non-Employee Director shall equal 100% of the Fair Market Value (as defined in the Equity Plan) of a share of common
stock on the date the option is granted. 
 (ii) Vesting. Each Initial Award shall vest and become exercisable in 36
equal monthly installments over the three year period following the date of grant, subject to the Non-Employee Director continuing in service on the Board through each such vesting date. Each Subsequent Award shall vest and/or become exercisable in
12 equal monthly installments over the first year following the date of grant, subject to the Non-Employee Director continuing in service on the Board through each such vesting date. All of a Non-Employee Director’s Initial Awards and
Subsequent Awards shall vest in full upon the occurrence of a Change in Control (as defined in the Equity Plan). 
 (iii) Term.
The term of each stock option granted to a Non-Employee Director shall be ten years from the date the option is granted.Second Supplemental Indenture

 Exhibit 4.1 
 SECOND SUPPLEMENTAL INDENTURE 
 SECOND SUPPLEMENTAL INDENTURE (this
“Supplemental Indenture”) dated as of March 9, 2012, among ABITIBIBOWATER INC., a Delaware corporation (the “Issuer”), the Guarantors party hereto and WELLS FARGO BANK, NATIONAL ASSOCIATION, as trustee under
the Indenture referred to below (the “Trustee”). 
 W I T N E S S E T H : 

WHEREAS, ABI Escrow Corporation (the “Escrow Issuer”) has heretofore executed and delivered to the Trustee an indenture
(the “Original Indenture”) dated as of October 4, 2010, providing for the issuance of the Original Issuer’s 10.25% Senior Secured Notes due 2018 (the “Notes”); 

WHEREAS, the Original Indenture was amended and supplemented pursuant to a First Supplemental Indenture dated as of December 9, 2010
(the “Original First Supplemental Indenture”), and substantially concurrently with the execution and delivery thereof, the Escrow Issuer merged into the Issuer, with the Issuer continuing as the surviving corporation, and certain
Subsidiaries of the Issuer executed and delivered Note Guarantees; 
 WHEREAS, pursuant to an Amended and Restated Indenture,
dated as of May 12, 2011 (the “Amended and Restated Indenture”), the Issuer, the Guarantors party thereto, and the Trustee amended and restated the Original Indenture, as modified by the Original First Supplemental Indenture,
in its entirety; 
 WHEREAS, pursuant to a First Supplemental Indenture, dated as of June 30, 2011 (together with the
Amended and Restated Indenture, as further amended or modified from time to time, the “Indenture”), the Issuer, the Guarantors party thereto and the Trustee amended the Amended and Restated Indenture to add Additional Guarantors as
party thereto; 
 WHEREAS, the Issuer believes that the Notes are now freely tradable without restriction by non-affiliates of
the Issuer pursuant to Rule 144(b)(1) of the Securities Act of 1933, as amended, and, therefore, that the Private Placement Legend is no longer required to be included on the Notes; and 

WHEREAS pursuant to Section 9.01 of the Indenture, the Trustee, the Issuer, and the Guarantors party hereto are authorized to
execute and deliver this Supplemental Indenture without the consent of any Holder to amend, supplement, and modify Indenture as set forth herein; 
 NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Issuer, the Guarantors party hereto, and the Trustee
mutually covenant and agree for the equal and ratable benefit of the holders of the Notes as follows: 
 1. Defined
Terms. As used in this Supplemental Indenture, terms defined in the Indenture or in the preamble or recital hereto are used herein as therein defined, except that the term “Holders” in this Supplemental Indenture shall refer to
the term “Holders” as defined in the Indenture and the Trustee acting on behalf of and for the benefit of such Holders. The words “herein,” “hereof” and “hereby” and

 
other words of similar import used in this Supplemental Indenture refer to this Supplemental Indenture as a whole and not to any particular section hereof. 

2. Amendment to the Indenture. 
 (a) Section 2.06(g) of the Indenture is hereby amended by deleting the first sentence of subsection (1)(A) thereof in its entirety and replacing it with the following: 

“(A) Except as permitted by subparagraphs (B) and (C) below, each Global Note and each Definitive Note (and
all Notes issued in exchange therefor or substitution thereof) shall bear the legend in substantially the following form:” 

(b) Section 2.06(g) of the Indenture is hereby further amended by adding the following as a new subsection (1)(C) thereto:

 “(C) Removal of Private Placement Legend 

(i) If, on the date that is 366 days after the Issue Date, or the next succeeding Business Day if such date is not a
Business Day, any Notes are represented by a Restricted Global Note, the Company may automatically exchange every beneficial interest in each Restricted Global Note for beneficial interests in Global Notes that are not subject to the restrictions
set forth in the Private Placement Legend and in Section 2.06 hereof. 
 (ii) The Company may effect any
such automatic exchange as follows: (A) deliver to the Depositary an instruction letter for the Depositary’s mandatory exchange process and (B) deliver to each of the Trustee and the Registrar a duly completed Free Transferability
Certificate in the form attached hereto as Exhibit F. The first date on which both the Trustee and the Registrar have received the Free Transferability Certificate will be known as the “Mandatory Exchange Date.” 

(iii) Immediately upon receipt of the Free Transferability Certificate by each of the Trustee and the Registrar the
Private Placement Legend will be deemed removed from each of the Global Notes specified in such Free Transferability Certificate, and the CUSIP and the ISIN for such Restricted Global Note will be deemed removed from each of such Global Notes and
deemed replaced with the unrestricted CUSIP and ISIN set forth in the Free Transferability Certificate (or, if required by the Depositary, the Company and the Trustee shall cooperate to cause the execution and authentication of a replacement Global
Note bearing the unrestricted CUSIP and ISIN pursuant to the terms hereof). 
 (iv) Following receipt of the Free
Transferability Certificate, the Trustee agrees to cooperate with the Company, at the Company’s expense, in its efforts to cause each Global Note to be identified by the unrestricted CUSIP in the facilities of the Depository and to authenticate
a replacement Global Note bearing the unrestricted CUSIP and ISIN pursuant to the terms hereof. In connection therewith, the Trustee agrees to comply with all Applicable Procedures.” 

(c) The Indenture is amended by adding the Free Transferability Certificate attached to this Supplemental Indenture as Annex A as
Exhibit F thereto. 
 4. Effectiveness of Supplemental Indenture; Ratification of Indenture and Registration Rights
Agreement; Supplemental Indentures Part of Indenture and Registration Rights Agreement. This 

  
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Supplemental Indenture shall become effective upon execution hereof by the Issuer, the Guarantors party hereto, and the Trustee. Except as expressly amended hereby, the Indenture, the Notes and
the Registration Rights Agreement are in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture, the Registration
Rights Agreement and the Notes for all purposes, and every holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby. 
 5. Governing Law. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW.

 6. Trustee Makes No Representation. The Trustee makes no representation as to the validity or sufficiency of this
Supplemental Indenture. 
 7. Counterparts. The parties may sign any number of copies of this Supplemental Indenture.
Each signed copy shall be an original, but all of them together represent the same agreement. 
 8. Effect of Headings.
The Section headings herein are for convenience only and shall not effect the construction thereof. 
 [Signature Pages Follow]

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed as of the date first above written. 
  

					
	ABITIBIBOWATER INC.,
as the Issuer
		
	By:	 	 /s/ Jo-Ann Longworth

		 	Name:	 	Jo-Ann Longworth
		 	Title:	 	Senior Vice President and Chief Financial Officer
	
	AUGUSTA NEWSPRINT COMPANY LLC,
as a Guarantor
		
	By:	 	Abitibi Consolidated Sales LLC, its Sole Member and Manager
		
	By:	 	AbitibiBowater Inc., its Sole Member
		
	By:	 	 /s/ Jo-Ann Longworth

		 	Name:	 	Jo-Ann Longworth
		 	Title:	 	Senior Vice President and Chief Financial Officer
	
	AUGUSTA NEWSPRINT HOLDING LLC,
as a Guarantor
		
	By:	 	Abitibi Consolidated Sales LLC, its Member
		
	By:	 	AbitibiBowater Inc., its Sole Member
		
	By:	 	 /s/ Jo-Ann Longworth

		 	Name:	 	Jo-Ann Longworth
		 	Title:	 	Senior Vice President and Chief Financial Officer

  

[Signature Page to Second Supplemental Indenture] 

 
					
	 ABIBOW US INC.,
 as
a Guarantor

		
	By:	 	/s/ Jo-Ann Longworth
		 	Name:	 	Jo-Ann Longworth
		 	Title:	 	Senior Vice President and Chief Financial Officer
	
	 BOWATER NEWSPRINT SOUTH LLC,
 as a Guarantor

		
	By:	 	/s/ Jo-Ann Longworth
		 	Name:	 	Jo-Ann Longworth
		 	Title:	 	Manager
	
	 BOWATER NUWAY MID-STATES INC.,
 as a Guarantor

		
	By:	 	/s/ Jo-Ann Longworth
		 	Name:	 	Jo-Ann Longworth
		 	Title:	 	Vice President and Chief Financial Officer
	
	 LAKE SUPERIOR FOREST PRODUCTS INC.,
 as a Guarantor

		
	By:	 	/s/ Jo-Ann Longworth
		 	Name:	 	Jo-Ann Longworth
		 	Title:	 	Vice President and Chief Financial Officer
	
	 DONOHUE CORP.,
 as
a Guarantor

		
	By:	 	/s/ Jo-Ann Longworth
		 	Name:	 	Jo-Ann Longworth
		 	Title:	 	Vice President and Chief Financial Officer

  

[Signature Page to Second Supplemental Indenture] 

 
					
	ABIBOW RECYCLING LLC,
as a Guarantor
		
	By:	 	AbitibiBowater Inc., its Sole Member
		
	By:	 	/s/ Jo-Ann Longworth
		 	Name:	 	Jo-Ann Longworth
		 	Title:	 	Senior Vice President and Chief Financial Officer
	
	ABITIBI CONSOLIDATED SALES LLC,
as a Guarantor
	
	By: AbitibiBowater Inc., its Sole Member
		
	By:	 	/s/ Jo-Ann Longworth
		 	Name:	 	Jo-Ann Longworth
		 	Title:	 	Senior Vice President and Chief Financial Officer

  

[Signature Page to Second Supplemental Indenture] 

 
					
	WELLS FARGO BANK, NATIONAL ASSOCIATION,
as Trustee and Collateral Agent
		
	By:	 	 /s/ Stefan Victory 

		 	Name:	 	Stefan Victory
		 	Title:	 	Vice President

  

[Signature Page to Second Supplemental Indenture] 

 ANNEX A 
 FORM OF FREE TRANSFERABILITY CERTIFICATE 
 Wells Fargo Bank, National Association

 Corporate Trust Services 
 7000
Central Parkway, Suite 550 
 Atlanta, Georgia 30328 
  

	 	Re:	10.25% Senior Secured Notes due 2018 

Dear Sir/Madam: 
 Whereas the
10.25% Senior Secured Notes due 2018 of AbitibiBowater Inc., Inc. (the “Notes”) have become freely tradable without restriction by non-affiliates of AbitibiBowater Inc. (the “Company”) pursuant to Rule 144(b)(1)
under the Securities Act of 1933, as amended, in accordance with Section 2.06(g) of the Indenture, pursuant to which the Notes were issued, the Company hereby instructs you that, unless otherwise later directed in writing by the Company:

  

	 	(i)	the Private Placement Legend described in Section 2.06(g) of the Indenture and set forth on the Notes will be deemed removed from the Global Notes representing
such securities, in accordance with the terms and conditions of the Notes and as provided in the Indenture, without further action on the part of holders; and 

 

	 	(ii)	the Restricted Global Notes CUSIP(s) and ISIN(s) (          /         ) will be deemed
removed from the Global Notes and replaced, respectively, with the following unrestricted CUSIP and ISIN, in accordance with the terms and conditions of the Notes and as provided in the Indenture, without further action on the part of holders.

 CUSIP: 
 ISIN: 
 Capitalized terms used but not defined herein have the meanings set forth
in the Indenture. 
  

			
	Very truly yours,
	
	ABITIBIBOWATER INC.
		
	By:	 	 
		 	Name:
		 	Title:

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