Document:

Document

      

Consulting Agreement 

Mr. Jerry Bruckheimer 
c/o Philpott Meeks
Attention:  Martin Meeks
16030 Ventura Blvd., Suite 380
Encino, CA 91436

Dear Mr. Bruckheimer,

This letter agreement (this "Agreement") sets forth the terms and conditions whereby you agree to provide certain services (as described in Section 1) to Skillz Inc., a Delaware corporation (the "Company").

1.  SERVICES.  The Company hereby engages you, and you hereby accept such engagement, as an independent consultant to provide certain services to the Company on the terms and conditions set forth in the following sentence.  At such times and places as may be mutually agreed taking into account your busy schedule and other obligations, you will (a) barring unforeseen circumstances with film or television production necessitating your attention or other exigent circumstances such as illness, you will use commercially reasonable efforts to attend the events listed on Schedule 1 (the “Event Appearances”), and (b)  provide to the Company the marketing rights set forth in Schedule 1 (collectively, with the Event Appearances, the "Services").  Notwithstanding anything to the contrary in this Agreement, you shall not be required to make any statement on behalf of or related to the Company (and the Company shall not attribute any statement by you on behalf of or related to the Company) without your prior written consent (which may be by email by you or on your behalf by your legal counsel) and, if appropriate given the nature of the statement, the inclusion of Private Securities Litigation Reform Act safe harbor provisions and/or other disclaimers acceptable to you and/or your counsel.  The Company agrees to (a) prepare any such statement in advance and ensure that any such statement complies with all applicable laws and (b) indemnify you to the maximum extent permitted by law in connection with your performance of the Services (including any such statement).  The Company agrees to list you as an additional insured on its general liability and errors and omissions insurance policies.,
 
2.  TERM. The term of this Agreement shall commence as of April 1, 2022 and shall continue until the second year anniversary thereof, unless earlier terminated in accordance with Section 9 (the "Term"). Any extension of the Term or change to the Services will be subject to mutual written agreement between you and the Company (referred to collectively as the "Parties").
 
3.  FEES AND EXPENSES.  As full compensation for the Services and the rights granted to the Company in this Agreement, the Company shall grant to you a Restricted Stock Unit award of the Company’s Class A common stock with a grant value equal to one million dollars ($1,000,000) (the "Incentive Award"). The number of restricted stock units you receive under the Incentive Award will be calculated based on the 60 day volume weighted average price  of the stock price ending on the trading day immediately preceding the grant date, which shall be the second trading day after the Company’s release of Q1 2022 earnings. The Incentive Award will be subject to the Skillz Inc. 2020 Omnibus Incentive Plan (as it may be amended from time to time, the "2020 Plan") and an award agreement setting forth the specific terms and conditions of the Incentive Award, as set forth on Exhibit A to this Agreement (the “Award Agreement”). Subject to your continued service through the Term,  twelve and a half percent (12.5%) of the Incentive Award will vest on the last day of each calendar quarter commencing June 30, 2022 and ending March 31, 2024, such that the Incentive Award vests in 8 equal installments (the “Vesting Schedule”), in each case subject to Section 9 hereof and the additional terms and conditions of the 2020 Plan and the Award Agreement.  You acknowledge that you will receive an IRS Form 1099-NEC from the Company, and that you shall be solely responsible for all federal, state, and local taxes, as set out in Section 4.2 of this Agreement.     The Company shall be responsible for any travel or other costs or expenses incurred by you in connection with the performance of the Services.
  
4.  RELATIONSHIP OF THE PARTIES.
 
    4.1  You are an independent contractor of the Company, and this Agreement shall not be construed to create any association, partnership, joint venture, employment, or agency relationship between you and the Company for any purpose. In your capacity as an independent contractor performing services under this Agreement, you have no authority (and shall not hold yourself out as having authority) to bind the Company and you shall not make any agreements or representations on the Company’s behalf without the Company’s prior written consent.

    4.2  Without limiting Section 4.1 of this Agreement, you will not be eligible to participate in any vacation, group medical or life insurance, disability, profit sharing or retirement benefits, or any other fringe benefits or benefit plans offered by the Company to its employees, and the Company will not be responsible for withholding or paying any income, payroll, Social Security, or other federal, state, or local taxes, making any insurance contributions, including for unemployment or disability, or obtaining workers’ compensation insurance on your behalf. You shall be responsible for     all such taxes or contributions, including penalties and interest. Any persons employed or engaged by you in connection with the performance of the Services 

      

shall be your employees or contractors and you shall be fully responsible for them and      any claims made by or on behalf of any such employee or contractor.
 
5.  INTELLECTUAL PROPERTY RIGHTS.  To the extent that your service to the Company results directly in the creation of any new Intellectual Property (as defined below), you agree that, as between you and the Company, the Company shall own the rights to such new Intellectual Property if and to the extent such Intellectual Property (i) is developed or created using the equipment, facilities, supplies or Confidential Information of the Company, or (ii) results from      work performed by you on behalf of the Company, but in each case only if you are explicitly engaged in performing direct work for the Company, and shall to the extent possible, be considered a "work made for hire" for the Company.  To the extent such work is determined not to constitute "works made for hire" as a matter of law, you hereby irrevocably assign and transfer to the Company as of the time and creation of any such Intellectual Property, any and all right, title or interest you may have therein.   For the purposes of this section, "Intellectual Property" means any original works of authorship, inventions, concepts, ideas, processes, techniques, improvements or trade secrets, whether or not patentable or registrable under copyright or similar laws.  At the Company's expense, you agree to execute all documents and take all actions necessary or reasonably requested by the Company to document, perfect or assign the Company's rights to Intellectual Property to the extent set forth in this Section 5, including execution and delivery of instruments of conveyance necessary to obtain legal protection in the United States and foreign countries for such Intellectual Property, and for the purpose of vesting title thereto in the Company (or its nominee) as may be appropriate to give full and proper effect to such assignment and to vest in the Company (or its nominee) complete title and ownership to such Intellectual Property.  Further, if you fail or refuse to execute any such instruments, you hereby appoint the Company as your attorney-in-fact (this appointment to be irrevocable and a power coupled with an interest) to act on your behalf and to execute such documents.
 
6.  CONFIDENTIALITY.

    6.1  You agree that you will (i) hold in strictest confidence the Company's proprietary information and trade secrets and all other information made known to you in connection with your      consulting relationship that has or      would reasonably be expected to have commercial value or other utility in the Company's business or prospective business (collectively, the "Confidential Information"), and (ii) not, directly or indirectly, publish      or disclose      the Confidential Information for any purpose except in connection with your      consulting relationship with the Company.  The Confidential Information will not include information that      is or was (A) received by you without an obligation of confidentiality from an unrelated third party that is not known by you to be under an obligation of confidentiality to the Company     , or (B) generally known or available in the industry or to the general public either (x) prior to the Company's disclosure of such information to you or (y) after the Company's disclosure of such information to you through no action or inaction by you in breach of this Section 6.  If you are requested or required by applicable law, by order of court or the rules, regulations or order or request of any governmental agency or self-regulatory organization to disclose Confidential Information, you will (to the extent legally permissible and reasonably practicable) (1) promptly notify the Company in writing of the existence, terms and circumstances surrounding the request or requirement for disclosure, and (2) to the extent requested by the Company in writing and at the sole cost and expense of the Company, cooperate with the Company to take legally available steps to resist or narrow such request for information, including by seeking a protective order.  If despite such efforts, you are nonetheless, upon the advice of legal counsel, still legally      required or requested      to disclose Confidential Information, you may do so without liability hereunder provided that you disclose only that portion of the Confidential Information which you are legally required or requested     to disclose and provided further that you exercise commercially reasonable efforts at the sole cost and expense of the Company to obtain reliable assurance that confidential treatment will be accorded such disclosed Confidential Information. 

6.2 You agree that you will not in connection with your consulting relationship improperly      disclose any proprietary information or trade secrets received by you from any third party.  You recognize that the Company has received and in the future will receive confidential and proprietary information from third parties and that the Company will have a duty to maintain the confidentiality of such information.  You agree to hold all such confidential and proprietary information in the strictest confidence subject to the exceptions set forth in Section 6.1 of this Agreement, and you further agree that you will not disclose it to any person, firm or corporation subject to the exceptions set forth in Section 6.1 of this Agreement.

    6.3  Upon the Company's written request, you agree to return or destroy (at your election) (and in the case of destruction, certify in writing to the same), and will not keep in your possession, recreate or deliver to any third party, any and all documents and/or electronic files containing Confidential Information that are in your possession; provided that the foregoing shall not require you to delete computer back-up drives.
 
 
7.  REPRESENTATIONS AND WARRANTIES.
 
    7.1  You represent and warrant to the Company that:
 

      

(a)  you have the right to enter into this Agreement, to grant the rights granted herein, and to perform fully all of your obligations in this Agreement;
 
(b)  your entering into this Agreement with the Company and your performance of the Services do not and will not conflict with or result in any breach or default under any other agreement to which you are subject; and
 
(c)  you shall perform the Services in compliance with all applicable federal, state, and local laws and regulations.

    7.2  The Company hereby represents and warrants to you that:
 
(a)  it has the full right, power, and authority to enter into this Agreement and to perform its obligations hereunder; and
 
(b)  the execution of this Agreement by its representative whose signature is set forth at the end hereof has been duly authorized by all necessary corporate action.

8.       RESERVED.      

9.  TERMINATION.
 
    9.1  You or the Company may terminate this Agreement without cause upon 30 calendar days’ written notice to the other party to this Agreement           . 
    
    9.2  The Company may terminate this Agreement, effective immediately upon written notice to you, for Cause.  For purposes hereof, “Cause” means (a) a material breach of fiduciary duty or duty of loyalty to the Company; (b) a conviction of or plea of nolo contendere to a felony or a crime involving moral turpitude; (c) the commission of fraud, dishonesty, theft, embezzlement, self-dealing, misappropriation or other malfeasance against the business of the Company; or (d) willful misconduct in the performance of the Services.

9.3   You may terminate this Agreement, effective immediately upon written notice to the Company, for Good Reason.  For purposes of this Agreement, “Good Reason” means (a) the commission of fraud by the Company, or (b) with respect to any executive officer or director of the Company, (i)  a material breach of fiduciary duty or duty of loyalty to the Company, (ii) a conviction of or plea of nolo contendere to a felony or a crime involving moral turpitude; or (iii) the commission of fraud, dishonesty, theft, embezzlement, self-dealing, misappropriation or other malfeasance against the business of the Company.  

9.4  In the event of termination of this Agreement by the Company pursuant to Section 9.1 of this Agreement (for convenience) or by you pursuant to Section 9.3 (for Good Reason) or following your death or termination due to disability, any portion of the Incentive Award unvested as of the date of termination or death, as applicable, shall accelerate and vest in full effective as of the effective date of termination or death.  In the event of termination of this Agreement pursuant by you to Section 9.1 of this Agreement (for convenience) or by the Company pursuant to Section 9.2 (for Cause), vesting shall cease and any portion of the Incentive Award unvested as of the date of termination shall be forfeited.   

96. Upon expiration or termination of this Agreement for any reason, or at any other time upon      the Company’s written request, you shall promptly after such expiration or termination:

(a)  deliver to the Company all deliverables (whether complete or incomplete) and all materials, equipment, and other property in your possession or control provided for your use by the Company;
 
(b)  deliver to the Company all tangible documents and other media, including any copies, containing, reflecting, incorporating, or based on the Confidential Information in your possession or control; and
 
(c)  permanently erase all of the Confidential Information from your computer systems; provided that the foregoing shall not require you to delete computer back-up drives. 

    9.4  The terms and conditions of this clause and Sections 4, 5, 6, 7,      11 and 12 of this Agreement shall survive the expiration or termination of this Agreement.

10.  ASSIGNMENT. You shall not assign any rights or delegate or subcontract any obligations under this Agreement without the Company’s prior written consent. Any assignment in violation of the foregoing shall be deemed null and void. The Company may      not assign its rights and obligations under this Agreement at any time without your prior written consent. Subject to the limits on assignment stated above, this Agreement will inure to the benefit of, be binding on, and be enforceable against each of the Parties hereto and their respective successors and assigns.

      

11.  ARBITRATION.
 
    11.1  Any dispute, controversy, or claim arising out of or related to this Agreement or any breach or termination of this Agreement, including but not limited to the Services you provide to the Company, and any alleged violation of any federal, state, or local statute, regulation, common law, or public policy, whether sounding in contract, tort, or statute, shall be submitted to and decided by binding arbitration. Arbitration shall be administered by the Judicial Arbitration and Mediation Services, Inc. (“JAMS”) and held in San Francisco, California before a single arbitrator, in accordance with the JAMS’s rules, regulations, and requirements. Any arbitral award determination shall be final and binding upon the Parties. Judgment on the arbitrator’s award may be entered in any court of competent jurisdiction.
 
    11.2  Arbitration shall proceed only on an individual basis. The Parties waive all rights to have their disputes heard or decided by a jury or in a court trial and the right to pursue any class or collective claims against each other in court, arbitration, or any other proceeding. Each party shall only submit their own individual claims against the other and will not seek to represent the interests of any other person. The arbitrator shall have no jurisdiction or authority to compel any class or collective claim, or to consolidate different arbitration proceedings with or join any other party to an arbitration between the Parties.

12.  GOVERNING LAW, JURISDICTION, AND VENUE. This Agreement and all related documents including all schedules attached hereto and all matters arising out of or relating to this Agreement and the Services provided hereunder, whether sounding in contract, tort, or statute, for all purposes shall be governed by and construed in accordance with the laws of the State of California, without giving effect to any conflict of laws principles that would cause the laws of any other jurisdiction to apply.

13.  MISCELLANEOUS.
 
    13.1  All notices, requests, consents, claims, demands, waivers, and other communications hereunder (each, a "Notice") shall be in writing and addressed to:  (i) in the case of the Company, at P.O. Box 445, San Francisco, California 94104; Attention: Legal; Legal@skillz.com; (or to such other address that may be designated by the receiving party from time to time in accordance with this Section) and (ii) in the case of you, at the address on record with the Company, updated to reflect such other address that may be designated by the receiving party from time to time in accordance with this Section. All Notices shall be delivered by personal delivery, nationally recognized overnight courier (with all fees prepaid), email,      or certified or registered mail (in each case, return receipt requested, postage prepaid). Except as otherwise provided in this Agreement, a Notice is effective only if: (a) the receiving party has received the Notice; and (b) the party giving the Notice has complied with the requirements of this Section.

    13.2  This Agreement, together with any other documents incorporated herein by reference and related exhibits and schedules, constitutes the sole and entire agreement of the Parties to this Agreement with respect to the subject matter contained herein, and supersedes all prior and contemporaneous understandings, agreements, representations, and warranties, both written and oral, with respect to such subject matter.  For the avoidance of doubt, the terms of your      service as a member of the Company’s Board of Directors shall not be deemed amended or superseded by this Agreement.
 
    13.3  This Agreement may only be amended, modified, or supplemented by an agreement in writing signed by each party hereto, and any of the terms thereof may be waived, only by a written document signed by each party to this Agreement or, in the case of waiver, by the party or parties waiving compliance.

    13.4  If any term or provision of this Agreement is invalid, illegal, or unenforceable in any jurisdiction, such invalidity, illegality, or unenforceability shall not affect any other term or provision of this Agreement or invalidate or render unenforceable such term or provision in any other jurisdiction.

    13.5   This Agreement may be executed in multiple counterparts and by electronic signature, each of which shall be deemed an original and all of which together shall constitute one instrument.
 
If this Agreement accurately sets forth our understanding, kindly execute the enclosed copy of this      Agreement and return it to the undersigned.

Very truly yours,
SKILLZ INC.

BY: /s/ Andrew Paradise 
Name: Andrew Paradise
Title: Chief Executive Officer 

      

ACCEPTED AND AGREED:
JERRY BRUCKHEIMER

BY: /s/ Jerry Bruckheimer 
(signature)

Date: 5/11/22

      

SCHEDULE 1

[Intentionally Omitted]finaljbruckheimerconsult

 1  SKILLZ 2020 OMNIBUS INCENTIVE PLAN  RESTRICTED STOCK UNIT AWARD AGREEMENT    THIS RESTRICTED STOCK UNIT AGREEMENT (this “Agreement”) is made  effective as of May 11, 2022 (the “Grant Date”) by and between Skillz Inc., a Delaware     corporation (the “Company”), and Jerry Bruckheimer (the “Participant”), pursuant to the Skillz  Inc. 2020 Omnibus Incentive Plan, as in effect and as amended from time to time (the “Plan”).   Capitalized terms that are not defined herein shall have the meanings given to such terms in the  Plan.    WHEREAS, the Company has adopted the Plan in order to grant Awards from time to time  to certain key Employees, Directors and Consultants of the Company and its Subsidiaries or  Affiliates; and    WHEREAS, the Participant is an Eligible Recipient as contemplated by the Plan, and the  Administrator has determined that it is in the interest of the Company to make this grant to the  Participant.    NOW, THEREFORE, in consideration of the premises and subject to the terms and  conditions set forth herein and in the Plan, the parties hereto agree as follows:    1. Grant and Vesting of Restricted Stock Units.    (a) Shares Subject to Award. As of the Grant Date, the Participant will be credited with  381,679 Restricted Stock Units. Each Restricted Stock Unit is a notional amount that represents the  right to receive one Share of Class A Common Stock of the Company, subject to  the terms and  conditions of the Plan and this Agreement, if and when the Restricted Stock Unit vests.    (b) Vesting. The Restricted Stock Units shall vest according to the schedule set forth on  the Appendix hereto, subject to the Participant’s continuous service (“Service”) with the Company  under the Consulting Agreement between the Participant and the Company effective as of April 1,  2022 (the “Consulting Agreement”) from the Grant Date through each vesting date.    2. Rights as a Stockholder.    (a) Unless and until a Restricted Stock Unit has vested and the Share underlying it has  been distributed to the Participant, the Participant will not be entitled to vote in respect of that  Restricted Stock Unit or that Share.  DocuSign Envelope ID: A0BA1B0B-4B90-4709-9FF8-0712C688E33C 

 

 2  (b) If the Company declares a cash dividend on its Shares, then, on the payment date  of the dividend, the Participant will be credited with dividend equivalents equal to the amount of  cash dividend per Share multiplied by the number of Restricted Stock Units credited to the  Participant through the record date. The dollar amount credited to the Participant under the  preceding sentence will be credited to an account (“Account”) established for the Participant for  bookkeeping purposes only on the books of the Company. The balance in the Account will be  subject to the same terms regarding vesting and forfeiture as the Participant’s Restricted Stock  Units awarded under this Agreement, and will be paid in cash in a single sum at the time that the  Shares associated with the Participant’s Restricted Stock Units are delivered (or forfeited at the  time that the Participant’s Restricted Stock Units are forfeited).    3. Termination of Service; Breach of Restrictive Covenants.    (a) In the event of termination of the Consulting Agreement by the Company pursuant  to Section 9.1 thereof (for convenience), by Participant pursuant to Section 9.3 thereof (for Good  Reason) or termination due to the Participant’s death or disability, any Restricted Stock Units  granted hereunder that remain unvested as of the date of termination shall accelerate and vest in full  effective as of the effective date of termination.     (b)  In the event of termination of the Consulting Agreement by Participant pursuant to  Section 9.1 thereof (for convenience) or by the Company pursuant to Section 9.2 thereof (for  Cause), vesting shall cease and any Restricted Stock Unit unvested as of the date of termination  shall be forfeited.     4. Timing and Form of Payment. Once a Restricted Stock Unit vests, the Participant  will be entitled to receive a Share in its place. Delivery of the Share will be made as soon as  administratively feasible following the vesting of the associated Restricted Stock Unit (but in any  event no later than 30 days following the vesting of such Restricted Stock Unit). Shares will  be  credited to an account established for the benefit of the Participant with the Company’s  administrative agent. The Participant will have full legal and beneficial ownership of the Shares at  that time.    5. Tax Withholding. The Company does not intend to withhold cash or Shares that  are distributable to the Participant in order to satisfy any federal, state, or local  withholding tax  requirements relating to such transaction; it shall be the Participant’s sole responsibility to pay any  taxes due in connection with the vesting of any Restricted Stock Unit granted hereunder.        6. Nontransferability of Restricted Stock Units. The Restricted Stock Units granted  hereunder may not be sold, transferred, pledged, assigned, encumbered or otherwise alienated or  hypothecated, other than by will or by the laws of descent and distribution or, on such terms and  conditions as the Administrator shall establish, to a permitted transferee.  DocuSign Envelope ID: A0BA1B0B-4B90-4709-9FF8-0712C688E33C 

 

 3  7. Beneficiary Designation. The Participant may from time to time name any  beneficiary or beneficiaries (who may be named contingently or successively) by whom any right  under the Plan and this Agreement is to be exercised in case of his or her death. Each designation  will revoke all prior designations by the Participant, shall be in a form reasonably prescribed by  the Administrator, and will be effective only when filed by the Participant in writing with the  Administrator during his or her lifetime.    8. Adjustments. The Shares subject to the Restricted Stock Units may be adjusted in  any manner as contemplated by Section 5 of the Plan.    9. Requirements of Law. The issuance of Shares following vesting of the Restricted  Stock Units shall be subject to all applicable laws, rules and regulations, and to such approvals by  any governmental agencies or national securities exchanges as may be required. No Shares shall  be issued upon vesting of any portion of the Restricted Stock Units granted hereunder, if such  issuance would result in a violation of applicable law, including the U.S. federal securities laws  and any applicable state or foreign securities laws.    10. No Guarantee of Continued Service. Nothing in the Plan or in this Agreement  shall interfere with or limit in any way the right of the Company or an Affiliate thereof to terminate  the Participant’s Service at any time or confer upon the Participant any right to continued Service.    11. No Rights as a Stockholder. Except as provided in Section 2 above or as otherwise  required by law, the Participant shall not have any rights as a stockholder with respect to any  Shares covered by the Restricted Stock Units granted hereunder prior to the date on which he or  she is recorded as the holder of those Shares on the records of the Company.    12. Interpretation; Construction. Any determination or interpretation by the  Administrator under or pursuant to this Agreement shall be final and conclusive on all persons  affected hereby. Except as otherwise expressly provided in the Plan, in the event of a conflict  between any term of this Agreement and the terms of the Plan, the terms of the Plan shall control.    13. Miscellaneous.    (a) Notices. All notices, requests, demands, letters, waivers and other communications  required or permitted to be given under this Agreement shall be in writing and shall be deemed to  have been duly given if delivered personally, mailed, certified or registered mail with postage  prepaid, sent by next-day or overnight mail or delivery, or sent by fax, as follows:  (i) If to the Company:  Skillz Inc.  P.O. Box 445  San Francisco, CA 94104  Attention: Equity@Skillz.com    (ii) If to the Participant, to the Participant’s last known home address,  DocuSign Envelope ID: A0BA1B0B-4B90-4709-9FF8-0712C688E33C 

 

 4  or to such other person or address as any party shall specify by notice in writing to the Company.  All such notices, requests, demands, letters, waivers and other communications shall be deemed  to have been received (w) if by personal delivery on the day after such delivery, (x) if by certified  or registered mail, on the fifth business day after the mailing thereof, (y) if by next-day or overnight  mail or delivery, on the day delivered, or (z) if by fax, on the day delivered, provided that such  delivery is confirmed.    (b) Binding Effect; Benefits. This Agreement shall be binding upon and inure to the  benefit of the parties to this Agreement and their respective successors and assigns. Nothing in this  Agreement, express or implied, is intended or shall be construed to give any person other than the  parties to this Agreement or their respective successors or assigns any legal or equitable right,  remedy or claim under or in respect of any agreement or any provision contained herein.    (c) No Guarantee of Future Awards. This Agreement does not guarantee the Participant  the right to or expectation of future Awards under the Plan or any future plan adopted  by the  Company.    (d) Waiver. Either party hereto may by written notice to the other (i) extend the time  for the performance of any of the obligations or other actions of the other under this Agreement,  (ii) waive compliance with any of the conditions or covenants of the other contained in this  Agreement and (iii) waive or modify performance of any of the obligations of the other under this  Agreement. Except as provided in the preceding sentence, no action taken pursuant to this  Agreement, including, without limitation, any investigation by or on behalf of either party, shall  be deemed to constitute a waiver by the party taking such action of compliance with any  representations, warranties, covenants or agreements contained herein. The waiver by either party  hereto of a breach of any provision of this Agreement shall not operate or be construed as a waiver  of any preceding or succeeding breach and no failure by either party to exercise any right or  privilege hereunder shall be deemed a waiver of such party’s rights or privileges hereunder or shall  be deemed a waiver of such party’s rights to exercise the same at any subsequent time or times  hereunder.    (e) Entire Agreement; Amendment. This Agreement, together with the Plan,  constitutes the entire obligation of the parties with respect to the subject matter of this Agreement  and supersedes any prior written or oral expressions of intent or understanding with respect to such  subject matter (provided, that this Agreement shall not supersede any written employment  agreement, consulting agreement or other written agreement between the Company and the  Participant). This Agreement may be amended as provided in the Plan.    (f) Severability. If any provision of this Agreement or the application of any such  provision to any party or circumstances shall be determined by any court of competent jurisdiction  to be invalid and unenforceable to any extent, the remainder of this Agreement or the application  of such provision to such person or circumstances other than those to which it is so determined to  be invalid and unenforceable, shall not be affected thereby, and each provision hereof shall be  validated and shall be enforced to the fullest extent permitted by law.  DocuSign Envelope ID: A0BA1B0B-4B90-4709-9FF8-0712C688E33C 

 

 5  (g) Code Section 409A Compliance. The Restricted Stock Units are intended to be  exempt from or comply with the requirements of Code Section 409A and this Agreement shall be  interpreted accordingly, and each payment hereunder shall be considered a separate payment.  Notwithstanding any provision of this Agreement, to the extent that the Administrator determines  that any portion of the Restricted Stock Units granted under this Agreement is subject to Code  Section 409A and fails to comply with the requirements of Code Section 409A, notwithstanding  anything to the contrary contained in the Plan or in this Agreement, the Administrator reserves the  right to amend, restructure, terminate or replace such portion of the Restricted Stock Units in order  to cause such portion of the Restricted Stock Units to either not be subject to Code Section 409A or  to comply with the applicable provisions of such section.    (h) Applicable Law. This Agreement shall be governed by and construed in accordance  with the law of the State of Delaware, regardless of the law that might be applied under principles  of conflict of laws.    (i) Section and Other Headings. The section and other headings contained in this  Agreement are for reference purposes only and shall not affect the meaning or interpretation of  this Agreement.    (j) Counterparts. This Agreement may be executed in any number of counterparts,  each of which shall be deemed to be an original and all of which together shall be deemed to be  one and the same instrument.    [Signature Page Follows]  DocuSign Envelope ID: A0BA1B0B-4B90-4709-9FF8-0712C688E33C 

 

DocuSign Envelope ID: A0BA1B0B-4B90-4709-9FF8-0712C688E33C 

 

 ACTIVE 279738862  Appendix: Vesting Schedule      Date Quantity  6/30/2022 47,710  9/30/2022 47,710  12/31/2022 47,710  3/31/2024 47,710  6/30/2023 47,710  9/30/2023 47,710  12/31/2023 47,710  3/31/2024 47,709      DocuSign Envelope ID: A0BA1B0B-4B90-4709-9FF8-0712C688E33C

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