Document:

Document

EXHIBIT 10.15

March 24, 2022
Jeffrey T. Hanson
c/o American Healthcare REIT, Inc.
18191 Von Karman Ave., Suite 300
Irvine, CA 92612

Dear Jeffrey:
Reference is made herein to the “Employment Terms” Letter Agreement dated October 1, 2021 (the “Prior Agreement”) by and among American Healthcare Opps Holdings, LLC and American Healthcare REIT, Inc. (and certain predecessors and affiliates of such entities, herein after referred to, collectively, as the “AHR Group”) and you (“Chairman”). This letter agreement (this “Agreement”) supersedes all prior employment agreements or terms governing Chairman’s services with the AHR Group, including, the Prior Agreement, except as provided herein.  
1.Transition to Non-Executive Chairman. Effective as of the end of business on June 30, 2022 (the “Transition Date”), Chairman shall transition (the “Transition”) from his current role of Executive Chairman of the Board of Directors (the “Board”) of American Healthcare REIT, Inc. (“AHR”) and a day-to-day executive and employee of AHR to the role of chairman of the Board and a non-employee and non-executive director of AHR, assuming Chairman is elected as a director at AHR’s 2022 annual meeting of stockholders. As of the Transition Date, Chairman shall cease to be an officer and/or employee of AHR and shall no longer actively participate in any employee benefit plan or program sponsored or maintained solely for the benefit of employees of AHR or AHR Group, except to the extent of Chairman’s earned, accrued or vested rights therein, as permitted by applicable law (i.e., COBRA rights, as defined below), or as set forth herein.
Following the Transition Date, Chairman shall continue to have all of the authority and duties held prior to the Transition Date in his capacity as chairman of the Board but shall cease to have the authority or duties held prior to the Transition Date solely in his capacity as an executive or employee of AHR (including, but not limited to, the authority to execute contracts on behalf of the AHR Group and any direct reporting relationship with respect to any employees of the AHR Group, in each case unless authorized by the Board). Following the Transition Date, Chairman shall not provide any services to the AHR Group other than in his capacity as chairman of the Board. Chairman hereby acknowledges and agrees that the Transition shall constitute a voluntary resignation and not constitute “Good Reason” or a termination “without Cause” (or any other similar term) for purposes of any compensation or benefit plan, program or agreement sponsored or maintained by the AHR Group, including, without limitation, the American Healthcare Opps Holdings, LLC Executive Severance and Change in Control Plan (the “Severance Plan”).
2.Compensation and Benefits as a Result of Cessation of Employment.  The AHR Group and Chairman acknowledge and agree that Chairman’s cessation of employment on the Transition Date shall entitle Chairman to the Accrued Obligations, as such term is defined in the Severance Plan, but no other rights or payments as provided under the Severance Plan. In addition, 

if Chairman timely and properly elects health continuation coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 or other similar applicable law (“COBRA”), AHR shall reimburse Chairman for the monthly COBRA premium paid by Chairman for Chairman and Chairman’s eligible dependents. Such reimbursement shall be paid to Chairman in the month immediately following the month in which Chairman timely remits the COBRA premium payment. Chairman shall be eligible to receive such reimbursement until the earliest of: (a) the 18-month anniversary of the Transition Date, (b) the date Chairman ceases to provide services as a non-employee and non-executive director of AHR, and (c) the date on which Chairman becomes eligible to receive substantially similar coverage from another employer or other similar source.
3.Compensation for Service Following Transition Date.  In order to retain Chairman’s leadership following the Transition Date, Chairman shall be entitled to the following compensation so long as he remains in the role of chairman of the Board and a non-employee and non-executive director of AHR:
(a)Board Compensation. Notwithstanding the fact that Chairman is not considered an “independent director” of AHR, effective as of the Transition Date, Chairman shall nonetheless be entitled to participate in the AHR Director Compensation Program, as approved by the Board and amended from time to time (the “Director Program”), including cash retainer payments and equity incentive retainer awards; provided, however, that Chairman shall not be awarded any equity incentive retainer awards under the Director Program for the 2022 calendar year, but shall be eligible to receive a pro-rated portion of the cash retainer payments for the period between July 1, 2022 and December 31, 2022.
(b)Chairman Retainer.  In addition to the compensation set forth in 3(a) above, Chairman shall receive an annual cash retainer of $100,000 to be paid on the same payment schedule as cash retainers under the Director Program generally (the “Chairman Retainer”), effective as of the Transition Date.  For the avoidance of doubt, Chairman shall be eligible to receive a pro-rated Chairman Retainer for the period between July 1, 2022 and December 31, 2022. The Chairman Retainer may be modified by the Board in its discretion from time to time to be consistent with market and peer group practices.
(c)Treatment of Restricted Shares. As contemplated by that certain Restricted Stock Award Agreement dated October 4, 2021 between AHR and Chairman (the “Restricted Stock Agreement”) and the AHR 2015 Incentive Plan (the “Incentive Plan”), the Chairman shall continue to be eligible to vest in the 69,143 restricted class T common shares granted pursuant to such agreement (the “Restricted Shares”) for so long as Chairman continues to provide Continuous Service (as defined in the Incentive Plan) to the AHR Group. For the avoidance of doubt, the Transition shall not alone constitute a cessation of Continuous Service or forfeiture of any unvested Restricted Shares. In addition, effective as of the Transition Date, the Restricted Stock Agreement is hereby amended to provide that the Restricted Shares shall fully vest (i) upon a Change of Control (as defined in the Incentive Plan), subject to Chairman’s Continuous Service through the consummation of such an event, or (ii) upon cessation of Chairman’s Continuous Service by reason of death or Disability (which shall mean a physical or mental impairment that substantially limits 
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one or more major life activities and prevents Chairman from performing his duties for AHR, as determined by the Board).  This Section 3(c) shall serve as an amendment to the Restricted Stock Agreement, which shall otherwise remain in full force and effect.
(d)Forfeiture of Deferred Shares.  In exchange for the consideration provided herein, Chairman agrees to and acknowledges the forfeiture, termination and cancellation of the 23,048 Deferred Shares granted to Chairman pursuant to that certain Deferred Stock Award Agreement dated October 4, 2021 (the “Deferred Shares”), effective as of the Transition Date, notwithstanding any provision contrary in such award agreement, the Incentive Plan, or otherwise.
4.Cessation of Chairman Services.  Chairman shall continue as a member of the Board, subject to his election to the Board at the annual stockholders meeting pursuant to the terms and procedures set forth in the AHR organizational documents, and as chairman of the Board, subject to the Board’s election of Chairman to serve in that role.
5.Confidentiality.  Chairman recognizes and acknowledges that the business interests of the AHR Group require a confidential relationship between the AHR Group and Chairman and the fullest protection and confidential treatment of the financial data, customer information, supplier information, market information, marketing and/or promotional techniques and methods, pricing information, purchase information, sales policies, employee lists, policy and procedure information, records, advertising information, computer records, trade secrets, know-how, plans and programs, sources of supply and other knowledge of the business of the AHR Group (all of which are hereinafter jointly termed “Confidential Information”) which have or may in whole or in part be conceived, learned or obtained by Chairman in the course of Chairman’s employment with the AHR Group prior to the Transition Date and continued service as chairman of the Board following the Transition Date. Accordingly, Chairman agrees to keep secret and treat as confidential all Confidential Information whether or not copyrightable or patentable, and agrees not to knowingly use or aid others in learning of or using any Confidential Information except in the ordinary course of business and in furtherance of the interests of the AHR Group. During the period Chairman remains a member of the Board and at all times thereafter, except insofar as Chairman believes in good faith that disclosure is consistent with the AHR Group’s business interests:
(a)Chairman will not knowingly disclose any Confidential Information to anyone outside the AHR Group;
(b)Chairman will not make copies of or otherwise knowingly disclose the contents of documents containing or constituting Confidential Information;
(c)As to documents which are delivered to Chairman or which are made available to him as a necessary part of the working relationships and duties of Chairman within the business of the AHR Group, Chairman will treat such documents confidentially and will treat such documents as proprietary and confidential, not to be knowingly reproduced, disclosed or used without appropriate authority of the AHR Group;
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(d)Chairman will not knowingly advise others that the information and/or know-how included in Confidential Information is known to or used by the AHR Group; and
(e)Chairman will not in any manner knowingly disclose or use Confidential Information for Chairman’s own account and will not knowingly aid, assist or abet others in the use of Confidential Information for their account or benefit, or for the account or benefit of any person or entity other than the AHR Group.
The obligations set forth in this paragraph are in addition to any other agreements Chairman may have with the AHR Group and any and all rights the AHR Group may have under state or federal statutes or common law. Anything herein to the contrary notwithstanding, the provisions of this section shall not apply (i) when disclosure is required by law or by any court, arbitrator, mediator or administrative or legislative body (including any committee thereof) with actual or apparent jurisdiction to order Chairman to disclose or make accessible any information, (ii) with respect to any other litigation, arbitration or mediation involving this Agreement or other agreement between Chairman and the AHR Group, including, but not limited to, the enforcement of any such agreement, (iii) as to information that becomes generally known to the public or within the relevant trade or industry other than due to Chairman’s violation of this section, or (iv) as to information that is or becomes available to Chairman on a non-confidential basis from a source which is entitled to disclose it to Chairman.
6.Release.  In consideration of the benefits provided in this Agreement, effective as of the date hereof, Chairman hereby forever fully and irrevocably releases and discharges the AHR Group (and each of their respective successors and assigns, stockholders, members, managers, directors, officers, employees, agents, and other representatives) from any and all actions, suits, claims, demands, debts, agreements, obligations, promises, judgments, or liabilities of any kind whatsoever in law or equity and causes of action of every kind and nature (including, claims for damages, costs, expense, and attorneys’ fees and expenses), in each case arising out of or related to Chairman’s employment with the AHR Group, whether known or unknown, suspected or unsuspected or unanticipated or anticipated, including (without limitation) all claims related to any long term incentive arrangements with the AHR Group. Notwithstanding anything herein to the contrary, the foregoing release does not include, nor shall there be, any release or discharge of (i) Chairman’s rights, if any, with respect to salaries, compensation, and reimbursable expenses that are payable to Chairman and have accrued during the current payroll period or work period in the ordinary course, (ii) Chairman’s vested rights, if any, under any benefit plan of the AHR Group, and (iii) any right Chairman may have to indemnification or advancement of expenses in accordance with law or under any organizational documents of the AHR Group or their directors’ and officers’ liability insurance coverage or any written contract between Chairman and the AHR Group, and nothing in this release shall be construed to prohibit Chairman from engaging in any protected or concerted activity, or filing a complaint or charge with, or participating in any investigation or proceeding conducted by, any federal, state or local government agency in connection with Chairman’s employment with the AHR Group. Chairman understands the meaning and effect of Section 1542 of the Civil Code of the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS THAT THE 
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CREDITOR OR RELEASING PARTY DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE AND THAT, IF KNOWN BY HIM OR HER, WOULD HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR OR RELEASED PARTY.” Chairman hereby (a) represents, warrants and acknowledges that Chairman has been fully advised by his attorney of the contents of Section 1542 of the Civil Code of the State of California and understands the implications thereof and (b) expressly waives the benefits of Section 1542 of the Civil Code of the State of California and any rights that Chairman may have thereunder.
7.Severability.  Should a court of competent jurisdiction determine that any section or sub-section of this Agreement is unenforceable because one or all of them are vague or overly broad, the parties agree that this Agreement may and shall be enforced to the maximum extent permitted by law. It is the intent of the parties that each section and sub-section of this Agreement be a separate and distinct promise and that unenforceability of any one subsection shall have no effect on the enforceability of another.
8.Other Agreements.  Unless specifically provided herein, this Agreement contains all of the understandings and representations between Chairman and the AHR Group pertaining to the subject matter hereof and supersedes all prior and contemporaneous understandings, agreements, representations, and warranties, both written and oral, with respect to such subject matter, including, without limitation, the Prior Agreement. 
9.Withholding.  All payments required to be made by the AHR Group hereunder to Chairman or his dependents, beneficiaries, or estate will be subject to the withholding of such amounts relating to tax and/or other payroll deductions, if required by applicable law.
10.Modification and Waiver.  This Agreement may not be changed or terminated orally, nor shall any change, termination or attempted waiver of any of the provisions contained in this Agreement be binding unless in writing and signed by the party against whom the same is sought to be enforced, nor shall this section itself by waived verbally. This Agreement may be amended only by a written instrument duly executed by or on behalf of the parties hereto.
11.Construction of Agreement.  This Agreement and all of its provisions were subject to negotiation and shall not be construed more strictly against one party than against another party regardless of which party drafted any particular provision.
12.Governing Law.  This Agreement shall be governed by, construed, and enforced in accordance with the laws of the State of California, as applied to contracts entered into solely between residents of, and to be performed entirely in, such state, without giving effect to conflict of laws principles.  The parties hereto do hereby irrevocably submit to the jurisdiction of any state or federal court located in the State of Maryland, and solely in respect of the interpretation and enforcement of the provisions of this Agreement, waive and agree not to assert, as a defense in any action, suit or proceeding for the interpretation or enforcement hereof, that it is not subject thereto or that such action, suit, or proceeding may not be brought or is not maintainable in said courts or 
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that the venue thereof may not be appropriate or that this Agreement may not be enforced in or by such courts, and the parties hereto irrevocably agree that all claims with respect to such action or proceeding shall be heard and determined exclusively in such a state or federal court.  The parties hereby consent to and grant any such court jurisdiction over the person of such parties and over the subject matter of such dispute.
13.Headings.  The headings of the sections of this Agreement have been inserted for convenience of reference only and shall in no way affect the interpretation of any of the terms or conditions of this Agreement.
14.Execution in Counterparts.  This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
15.Section 409A.  The intent of the parties is that payments and benefits under this Agreement be exempt from or comply with Section 409A of the Internal Revenue Code of 1986, as amended, to the extent subject thereto, and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted and administered to be in compliance therewith and each of the parties shall report the payments and benefits under this Agreement as exempt from or compliant with Section 409A of the Code. 
[Signature Page Follows]
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IN WITNESS WHEREOF, the undersigned have executed this Agreement on the day and year first written above.

			
	American Healthcare REIT, Inc.
	By: /s/ Danny Prosky                       

	Name: Danny Prosky
	Title: Chief Executive Officer and President
	
	American Healthcare Opps Holdings, LLC
	By: /s/ Danny Prosky                       

	Name: Danny Prosky
	Title: Chief Executive Officer and President
	

	By: /s/ Jeffrey Hanson                        

	Name: Jeffrey HansonExhibit 4.1

    

    

    Execution Version

  

  
    
      

      

      

      

    

    
      
SEPARATION AND DISTRIBUTION AGREEMENT

     

    by and between

     

    TECHNIPFMC PLC

     

    AND

     

    TECHNIP ENERGIES B.V.

     

    
      Dated as of January 7, 2021
        

       

    

    
      
        

    

    
    TABLE OF CONTENTS

     

    	   	
            Page

          
	
            ARTICLE I. SEPARATION

          	2

          
	 	 
	 	
            1.1

          	
            Transfers of Assets and Assumptions of Liabilities; TEN Assets; TFMC Assets

          	2

          
	 	
            1.2

          	
            Nonassignable Contracts and Permits

          	8

          
	 	
            1.3

          	
            Termination of Intercompany Agreements

          	8

          
	 	
            1.4

          	
            Treatment of Shared Contracts

          	9

          
	 	
            1.5

          	
            Treatment of Shared Permits

          	10

          
	 	
            1.6

          	
            Bank Accounts; Cash Balances; Misdirected Payments

          	10

          
	 	
            1.7

          	
            Misallocated Assets and Liabilities

          	12

          
	 	
            1.8

          	
            TFMC Financing Arrangements; TEN Financing Arrangements; TEN Shares Issuance

          	12

          
	 	
            1.9

          	
            Disclaimer of Representations and Warranties

          	13

          
	 	 	 	 
	
            ARTICLE II. COMPLETION OF THE DISTRIBUTION

          	14

          
	 	 
	 	
            2.1

          	
            Actions Prior to the Distribution

          	14

          
	 	
            2.2

          	
            Effecting the Distribution

          	16

          
	 	
            2.3

          	
            Conditions to the Distribution

          	16

          
	 	
            2.4

          	
            Sole Discretion

          	18

          
	 	 	 	 
	
            ARTICLE III. MUTUAL RELEASES; INDEMNIFICATION; COOPERATION; INSURANCE

          	18

          
	 	 
	 	
            3.1

          	
            Release of Claims Prior to Distribution

          	18

          
	 	
            3.2

          	
            Indemnification by TFMC

          	20

          
	 	
            3.3

          	
            Indemnification by TEN

          	21

          
	 	
            3.4

          	
            Indemnification Obligations Net of Insurance Proceeds

          	22

          
	 	
            3.5

          	
            Procedures for Indemnification of Third-Party Claims

          	23

          
	 	
            3.6

          	
            Additional Matters

          	25

          
	 	
            3.7

          	
            Survival of Indemnities

          	26

          
	 	
            3.8

          	
            Right of Contribution

          	27

          
	 	
            3.9

          	
            Covenant Not to Sue (Liabilities and Indemnity)

          	27

          
	 	
            3.10

          	
            No Impact on Third Parties

          	27

          
	 	
            3.11

          	
            No Cross-Claims or Third-Party Claims

          	27

          
	 	
            3.12

          	
            Severability

          	28

          
	 	
            3.13

          	
            Exclusivity

          	28

          
	 	
            3.14

          	
            Cooperation in Defense and Settlement

          	28

          
	 	
            3.15

          	
            Insurance Matters

          	29

          
	 	
            3.16

          	
            Guarantees, Letters of Credit and Other Obligations

          	31

          

     

    

    
      i

      
        

    

    	
            ARTICLE IV. EXCHANGE OF INFORMATION; CONFIDENTIALITY

          	32

          
	 	 
	 	
            4.1

          	
            Agreement for Exchange of Information

          	32

          
	 	
            4.2

          	
            Ownership of Information

          	32

          
	 	
            4.3

          	
            Compensation for Providing Information

          	32

          
	 	
            4.4

          	
            Record Retention

          	33

          
	 	
            4.5

          	
            Limitations of Liability

          	33

          
	 	
            4.6

          	
            Other Agreements Providing for Exchange of Information

          	33

          
	 	
            4.7

          	
            Auditors and Audits

          	34

          
	 	
            4.8

          	
            Privileged Matters

          	35

          
	 	
            4.9

          	
            Confidentiality

          	37

          
	 	
            4.10

          	
            Protective Arrangements

          	39

          
	 	 	 	 
	
            ARTICLE V. FURTHER ASSURANCES AND ADDITIONAL COVENANTS

          	39

          
	 	 
	 	
            5.1

          	
            Further Assurances

          	39

          
	 	
            5.2

          	
            Performance

          	40

          
	 	
            5.3

          	
            Certain Restrictions and Non-Solicitation Provisions

          	40

          
	 	
            5.4

          	
            Mail Forwarding

          	42

          
	 	
            5.5

          	
            Non-Disparagement

          	42

          
	 	
            5.6

          	
            Order of Precedence

          	42

          
	 	
            5.7

          	
            TFMC Specified Marks

          	43

          
	 	
            5.8

          	
            Transfer of TEN Securities by TFMC

          	43

          
	 	
            5.9

          	
            Board Matters

          	46

          
	 	
            5.10

          	
            Information Rights

          	47

          
	 	
            5.11

          	
            Voting Agreement

          	48

          
	 	
            5.12

          	
            Standstill

          	48

          
	 	 	 	 
	
            ARTICLE VI. DISPUTE RESOLUTION

          	49

          
	 	 
	 	
            6.1

          	
            General Provisions

          	49

          
	 	
            6.2

          	
            Negotiation by Senior Executives

          	50

          
	 	
            6.3

          	
            Arbitration

          	51

          
	 	
            6.4

          	
            Interim or Conservatory Measures

          	52

          
	 	 	 	 
	
            ARTICLE VII. TERMINATION

          	52

          
	 	 
	 	
            7.1

          	
            Termination

          	52

          
	 	
            7.2

          	
            Effect of Termination

          	52

          
	 	 	 	 
	
            ARTICLE VIII. MISCELLANEOUS

          	52

          
	 	 
	 	
            8.1

          	
            Corporate Power

          	52

          
	 	
            8.2

          	
            Modification or Amendments

          	53

          
	 	
            8.3

          	
            Waivers of Default

          	53

          
	 	
            8.4

          	
            Counterparts

          	53

          
	 	
            8.5

          	
            Governing Law

          	53

          

     

    

    
      ii

      
        

    

    	 	
            8.6

          	
            Notices

          	53

          
	 	
            8.7

          	
            Entire Agreement

          	54

          
	 	
            8.8

          	
            No Third-Party Beneficiaries

          	55

          
	 	
            8.9

          	
            Severability

          	55

          
	 	
            8.10

          	
            Interpretation

          	55

          
	 	
            8.11

          	
            Defined Terms

          	55

          
	 	
            8.12

          	
            Assignment

          	55

          
	 	
            8.13

          	
            Specific Performance

          	56

          
	 	
            8.14

          	
            Force Majeure

          	56

          
	 	
            8.15

          	
            Press Release

          	56

          
	 	
            8.16

          	
            Expenses

          	56

          
	 	
            8.17

          	
            Payment Terms

          	56

          
	 	
            8.18

          	
            Survival of Covenants

          	57

          
	 	
            8.19

          	
            Construction

          	57

          
	 	
            8.20

          	
            Performance

          	57

          
	 	
            8.21

          	
            No Admission of Liability

          	57

          
	 	
            8.22

          	
            Limited Liability of Shareholders

          	58

          
	 	
            8.23

          	
            Exclusivity of Tax Matters

          	58

          
	 	
            8.24

          	
            Limitations of Liability

          	58

          
	 	
            8.25

          	
            Other Remedies

          	58

          
	 	
            8.26

          	
            Consent to Jurisdiction

          	59

          
	 	
            8.27

          	
            WAIVER OF JURY TRIAL

          	59

          

    

    

    Annexes

    Annex I      Defined Terms

    

    

    Exhibits

    Exhibit A     Amended and Restated Articles of Association

     

    

    
      iii

      
        

    

    
    SEPARATION AND DISTRIBUTION AGREEMENT

     

    This SEPARATION AND DISTRIBUTION AGREEMENT is entered into effective as of January 7, 2021 (this “Agreement”), by and between TechnipFMC plc, a public limited company formed under the laws of England and Wales (“TFMC”),

      and Technip Energies B.V., a private limited liability company incorporated under the laws of the Netherlands and wholly owned subsidiary of TFMC, which prior to the Distribution (as defined below) will be converted to Technip Energies N.V., a public
      limited liability company incorporated under the laws of the Netherlands (“TEN”). TFMC and TEN are each a “Party” and are sometimes referred to herein collectively as the “Parties.”

     

    RECITALS

     

    WHEREAS, TFMC, acting together with its Subsidiaries, currently conducts the TFMC Business (as defined below) and the TEN Business (as defined below);

     

    WHEREAS, the Board of Directors of TFMC (the “TFMC Board”) determined on careful review and consideration that the separation of TEN from the rest of TFMC and the establishment of TEN as a separate, publicly
      traded company to operate the TEN Business is in the best interests of TFMC;

     

    WHEREAS, the Board of Directors of TEN (the “TEN Board”) determined on careful review and consideration that the separation of TEN from the rest of TFMC and the establishment of TEN as a separate, publicly traded
      company to operate the TEN Business is in the best interests of TEN;

     

    WHEREAS, TEN has been incorporated for the sole purpose of, and has not engaged in activities except in preparation for, the Transactions contemplated by this Agreement;

     

    WHEREAS, TFMC owns 100% of the ordinary shares, nominal value EUR 0.01 per share, of TEN (the “TEN Shares”);

     

    WHEREAS, in furtherance of the foregoing, the TFMC Board has determined that it is appropriate and desirable to separate the TEN Business from the TFMC Business (the “Separation”) and, following the Separation,
      contribute those subsidiaries of TFMC constituting the TEN Business to TEN (the “Contribution”);

     

    WHEREAS, as consideration for the Separation and the Contribution, the TEN Board has determined it appropriate and desirable that following the Contribution TEN shall issue a number of TEN Shares to TFMC (the “TEN
        Shares Issuance”) which shares shall be paid up in kind by means of the Contribution;

     

    WHEREAS, each of the TFMC Board and the TEN Board have further determined that, following the Separation, the Contribution and TEN Shares Issuance, it is appropriate and desirable for TFMC to make a distribution of the
      TEN Shares representing an aggregate 50.1% interest in TEN to the holders of ordinary shares, par value $1.00 per share, of TFMC (the “TFMC Shares”) through a special dividend of TEN Shares to holders of TFMC Shares on the Record Date on a pro
      rata basis (the “Distribution” and, together with the Separation, the Contribution, the TEN Shares Issuance and the other transactions contemplated by this Agreement, the “Transactions”), in each case, on the terms and conditions set
      forth in this Agreement;

     

    
      1

      
        

    

    WHEREAS, immediately following the Distribution, TFMC will hold an amount of TEN Shares representing 49.9% of the outstanding TEN Shares;

     

    WHEREAS, TEN has filed with the Stichting Autoriteit Financiële Markten (the “AFM”) and the SEC, respectively, the EU Prospectus and the Form F-1, which set forth certain disclosure concerning TEN and the
      Transactions;

     

    WHEREAS, TEN has requested that the AFM notify the Autorité des marchés financiers (the “AMF”) of its approval, in accordance with the applicable regulation of the European Parliament, of the EU Prospectus; and

     

    WHEREAS, each of TFMC and TEN has determined that it is appropriate and desirable to set forth in this Agreement certain agreements that will govern certain matters relating to the Transactions and the relationship of
      TFMC, TEN and the members of the TFMC Group and the TEN Group following the Distribution.

     

    NOW, THEREFORE, in consideration of the foregoing and the mutual agreements, provisions and covenants contained in this Agreement, the Parties hereby agree as follows:

     

    ARTICLE I.

    SEPARATION 

     

    1.1          Transfers of Assets and Assumptions of Liabilities; TEN Assets; TFMC Assets.

     

    (a)          In order to effect the Transactions, the Parties shall cause, and shall cause the members of their respective Group to cause, (i)
        the TEN Group to own, to the extent they do not already own, all of the TEN Assets and none of the TFMC Assets, and (ii) the TEN Group to be liable for, to the extent they are not already liable for, all of the TEN Liabilities.

     

    (b)          For purposes of this Agreement, “TEN Assets” shall mean:

     

    (i)          the following Assets listed in subsections (A) through (M) below:

     

    (A)          all Assets of either Party or any member of its Group included or reflected as Assets of the TEN Group on the
        TEN Balance Sheet, subject to any dispositions of such Assets subsequent to the date of the TEN Balance Sheet; provided, that the amounts set forth on the TEN Balance Sheet with respect to any Assets shall not be treated as minimum amounts or
        limitations on the amount of such Assets that are included in the definition of TEN Assets pursuant to this clause (A);

     

    
      2

      
        

    

    (B)          all Assets of either Party or any member of its Group as of the Effective Time that are of a nature or type
        that would have resulted in such Assets being included as Assets of TEN or members of the TEN Group as of the Effective Time if a balance sheet, notes and subledgers were to be prepared on a basis consistent with the determination of the Assets
        included on the TEN Balance Sheet, it being understood that (x) the TEN Balance Sheet shall be used to determine the types of, and methodologies used to determine, those Assets that are included in the definition of TEN Assets pursuant to this
        clause (B) and (y) the amounts set forth on the TEN Balance Sheet with respect to any Assets shall not be treated as minimum amounts or limitations on the amount of such Assets that are included in the definition of TEN Assets pursuant to this
        clause (B);

     

    (C)          all issued and outstanding capital stock or other equity securities of the Persons set forth on Schedule
          1.1(b)(i)(C) owned by either Party or a member of its respective Group as of the Effective Time;

     

    (D)          the amount of cash, cash equivalents or marketable securities on hand or in bonds as determined pursuant to Schedule

          1.1(b)(i)(D) (the “TEN Cash”);

     

    (E)          all TEN Contracts and all rights, interests or claims of either Party or any member of its respective Group
        thereunder as of the Effective Time;

     

    (F)          all TEN Intellectual Property and all rights, interests or claims of either Party or any member of its
        respective Group thereunder as of the Effective Time;

     

    (G)          all TEN Leases and all rights, interests or claims of either Party or any member of its respective Group
        thereunder as of the Effective Time;

     

    (H)          all TEN Permits and all rights, interests or claims of either Party or any member of its respective Group
        thereunder as of the Effective Time;

     

    (I)           all TEN Properties, together with all buildings, fixtures and improvements erected thereon;

     

    (J)           all rights, claims, demands, causes of action, judgments, decrees and rights to indemnity or contribution,
        whether absolute or contingent, contractual or otherwise, in favor of TFMC or any of its Subsidiaries primarily related to the TEN Business, including the right to sue, recover and retain such recoveries and the right to continue in the name of TEN
        and its Subsidiaries any pending actions relating to the foregoing, and to recover and retain any damages therefrom;

     

    (K)          all Business Records exclusively related to the TEN Business (the “TEN Business Records”);

     

    (L)          all rights, interests or claims in the Insurance Claims set forth on Schedule 1.1(b)(i)(L); and

     

    
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    (M)          all Assets of either Party or any member of its respective Group as of the Effective Time that are expressly
        provided by this Agreement or any Ancillary Agreement as Assets to be transferred to any member of the TEN Group, including any Assets of TEN or any member of the TEN Group necessary to perform the services set forth in the Transition Services
        Agreement,

     

    (ii)         all assets set forth on Schedule 1.1(b)(ii).

     

    Notwithstanding the foregoing, the TEN Assets shall not in any event include any Asset referred to in Section 1.1(c).

     

    (c)          For purposes of this Agreement, “TFMC Assets” shall mean:

     

    (i)          all Assets of either Party or the members of its Group as of the Effective Time, other than the TEN Assets,
        including

     

    (A)          all Contracts of either Party or any member of its respective Group and all rights, interests or claims of
        either Party or any member of its respective Group thereunder as of the Effective Time other than the TEN Contracts (collectively, the “TFMC Contracts”);

     

    (B)          all TFMC Intellectual Property;

     

    (C)          all TFMC Permits;

     

    (D)          any Contract related to the leasing or subleasing of real property and all rights, interests or claims of
        either Party or any member of its respective Group thereunder as of the Effective Time other than the TEN Leases;

     

    (E)          all cash, cash equivalents and marketable securities on hand or in banks, other than the TEN Cash;

     

    (F)          all rights, interests or claims in the in the Insurance Claims other than those set forth on Schedule
          1.1(b)(i)(L);

     

    (G)          all Business Records other than the TEN Business Records;

     

    (H)          all Assets of either Party or any member of its respective Group as of the Effective Time that are expressly
        contemplated by this Agreement or any Ancillary Agreement as Assets to be retained by any member of the TFMC Group, including any Assets of TFMC or any member of the TFMC Group necessary to perform the services set forth in the Transition Services
        Agreement;

     

    (I)           the Outstanding RPBC Payment; and

     

    (ii)         all assets set forth on Schedule 1.1(c)(ii).

     

    (d)          For the purposes of this Agreement, “TEN Liabilities” shall mean:

     

    
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    (i)          all Liabilities relating to, arising out of or resulting from the actions, inactions, events, omissions,
        conditions, facts or circumstances occurring or existing prior to, at or after the Effective Time (whether or not such Liabilities cease being contingent, mature, become known, are asserted or foreseen, or accrue, in each case before, at or after
        the Effective Time), in each case to the extent (and only to the extent) that such Liabilities relate to, arise out of or result from the TEN Business or a TEN Asset, including:

     

    (A)          all Liabilities that are expressly provided by this Agreement or any Ancillary Agreement as Liabilities to be
        assumed or retained by TEN or any other member of the TEN Group, and all agreements, obligations and Liabilities of any member of the TEN Group under this Agreement or any of the Ancillary Agreements;

     

    (B)          all Liabilities included or reflected as liabilities or obligations of TEN or the members of the TEN Group on
        the TEN Balance Sheet, subject to any discharge of such Liabilities subsequent to the date of the TEN Balance Sheet; provided, that the amounts set forth on the TEN Balance Sheet with respect to any Liabilities shall not be treated as minimum
        amounts or limitations on the amount of such Liabilities that are included in the definition of TEN Liabilities pursuant to this clause (B);

     

    (C)          all Liabilities as of the Effective Time to the extent (and only to the extent) that they are of a nature or
        type that would have resulted in such Liabilities being included or reflected as liabilities or obligations of TEN or the members of the TEN Group as of the Effective Time if a balance sheet, notes and subledgers were to be prepared on a basis
        consistent with the determination of the Liabilities included on the TEN Balance Sheet, it being understood that (x) the TEN Balance Sheet shall be used to determine the types of, and methodologies used to determine, those Liabilities that are
        included in the definition of TEN Liabilities pursuant to this clause (C) and (y) the amounts set forth on the TEN Balance Sheet with respect to any Liabilities shall not be treated as minimum amounts or limitations on the amount of such
        Liabilities that are included in the definition of TEN Liabilities pursuant to this clause (C);

     

    (D)          any and all Liabilities that are expressly provided by this Agreement or any Ancillary Agreement as Liabilities
        to be assumed by TEN or any other member of the TEN Group, and all agreements, obligations and Liabilities of any member of the TEN Group under this Agreement or any of the Ancillary Agreements;

     

    (E)          all Liabilities based upon, relating to or arising from the TEN Contracts;

     

    (F)          all Liabilities based upon, relating to or arising from Intellectual Property to the extent primarily used or
        held for use in the TEN Business;

     

    
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    (G)          all Liabilities based upon, relating to or arising from the TEN Permits;

     

    (H)          all Liabilities with respect to terminated, divested or discontinued businesses, Assets or operations to the
        extent (and only to the extent) that they were of such a nature that they would be or would have been part of the TEN Business had they not been terminated, divested or discontinued (regardless of whether they ever operated under the “TechnipFMC”
        name), and all Liabilities of TFMC related thereto unless such Liabilities are expressly retained by TFMC pursuant to the terms of this Agreement or the Ancillary Agreements; all Liabilities based upon, relating to or arising from all TEN Leases;

     

    (I)           all Environmental Liabilities arising at, prior to or after the Effective Time to the extent (and only to the
        extent) based upon, relating to or arising from the conduct of the TEN Business as currently or formerly conducted (including at any properties that were previously owned or operated in connection with the TEN Business), the TEN Assets or the TEN
        Properties;

     

    (J)           all Liabilities arising out of any TEN Action;

     

    (K)          all Liabilities arising out of claims made by any Third Party (including TFMC’s or TEN’s respective directors,
        officers, shareholders, employees and agents) against any member of the TFMC Group or the TEN Group to the extent (and only to the extent) relating to, arising out of or resulting from the TEN Business or the TEN Assets or the other business,
        operations, activities or Liabilities referred to in clauses (A) through (K) above and clause (ii) below, and

     

    (ii)         all Liabilities set forth on Schedule 1.1(d)(ii).

     

    (e)          For the purposes of this Agreement, “TFMC Liabilities” means:

     

    (i)          the following Liabilities of either Party or the members of its respective Group in each case to the extent
        (and only to the extent) that such Liabilities relate to, arise out of or result from the TFMC Business or a TFMC Asset, including:

     

    (A)          all Liabilities that are expressly provided by this Agreement or any Ancillary Agreement as Liabilities to be
        assumed or retained by TFMC or any other member of the TFMC Group, and all agreements, obligations and Liabilities of any member of the TFMC Group under this Agreement or any of the Ancillary Agreements;

     

    (B)          all Liabilities to the extent (and only to the extent) based upon, relating to or arising from the operation or
        conduct of the TFMC Business, arising at, prior to or after the Effective Time, but excluding in all circumstances the TEN Liabilities;

     

    
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    (C)          all Liabilities based upon, relating to or arising from the TFMC Contracts;

     

    (D)          all Liabilities based upon, relating to or arising from Intellectual Property to the extent primarily used or
        held for use in the TFMC Business;

     

    (E)          all Liabilities based upon, relating to or arising from the TFMC Permits;

     

    (F)          all Liabilities with respect to terminated, divested or discontinued businesses, Assets or operations to the
        extent (and only to the extent) that were of such a nature that they would be or would have been part of the TFMC Business had they not been terminated, divested or discontinued (regardless of whether they ever operated under the “TechnipFMC”
        name), and all Liabilities of TFMC related thereto unless such Liabilities are expressly retained by TEN pursuant to the terms of this Agreement or the Ancillary Agreements;

     

    (G)          all Liabilities based upon, relating to or arising from all TFMC Leases;

     

    (H)          all Environmental Liabilities arising at, prior to or after the Effective Time to the extent (and only to the
        extent) based upon, relating to or arising from the conduct of the TFMC Business as currently or formerly conducted (including at any properties that were previously owned or operated in connection with the TFMC Business), the TFMC Assets or the
        TFMC Properties;

     

    (I)            all Liabilities arising out of any TFMC Action; and

     

    (J)          all Liabilities arising out of claims made by any Third Party (including TFMC’s or TEN’s respective directors,
        officers, shareholders, current and former employees and agents) against any member of the TFMC Group or the TEN Group to the extent (and only to the extent) relating to, arising out of or resulting from the TFMC Business or the TFMC Assets or the
        Liabilities referred to in clauses (i) through (x) above and clause (f) below (whether such claims arise, in each case before, at or after the Effective Time), and

     

    (ii)         all Liabilities set forth on Schedule 1.1(e)(ii).

     

    (f)          TFMC and its Subsidiaries hereby waive compliance by each and every member of the TFMC Group with the requirements and provisions
        of any “bulk-sale” or “bulk-transfer” Laws of any jurisdiction that may otherwise be applicable with respect to the transfer or sale of any or all of the TEN Assets to any member of the TEN Group.

     

    
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    1.2          Nonassignable Contracts and Permits. Notwithstanding anything to the contrary contained herein, this Agreement shall
      not constitute an agreement to assign any Asset or Liability if an assignment or attempted assignment of the same without the consent of another Person would constitute a breach thereof or in any way impair the rights of a Party thereunder or give to
      any third party any rights with respect thereto. If any such consent is not obtained or if an attempted assignment would be ineffective or would impair such party’s rights under any such Asset or Liability so that the party entitled to the benefits
      and responsibilities of such purported transfer (the “Intended Transferee”) would not receive all such rights and responsibilities, then (a) the party purporting to make such transfer (the “Intended Transferor”) shall use commercially
      reasonable efforts to provide or cause to be provided to the Intended Transferee, to the extent permitted by Law, the benefits of any such Asset or Liability and the Intended Transferor shall promptly pay or cause to be paid to the Intended
      Transferee when received all moneys received by the Intended Transferor with respect to any such Asset and (b) in consideration thereof the Intended Transferee shall pay, perform and discharge on behalf of the Intended Transferor all of the Intended
      Transferor’s Liabilities thereunder in a timely manner and in accordance with the terms thereof which it may do without breach and, at the Intended Transferor’s request, the Intended Transferee shall promptly reimburse or prepay (at the Intended
      Transferor’s election) the Intended Transferor for all amounts paid or due by the Intended Transferor on behalf of the Intended Transferee with respect to such non-assignable Asset or Liability. In addition, the Intended Transferor and the Intended
      Transferee shall each take such other actions as may be reasonably requested by the other Party in order to place the other Party, insofar as reasonably possible, in the same position as if such Asset had been transferred as contemplated hereby and
      so all the benefits and burdens relating thereto, including possession, use, risk of loss, Liability, potential for gain and dominion, control and command, shall inure to the Intended Transferee. If and when such consents and approvals are obtained,
      the transfer of the applicable Asset shall be effected in accordance with the terms of this Agreement.

     

    1.3          Termination of Intercompany Agreements.

     

    (a)          Except as set forth in Section 1.3(b), in furtherance of the releases and other provisions set forth in Article II,
        TFMC and each member of the TFMC Group, on the one hand, and TEN and each member of the TEN Group, on the other hand, hereby terminate any and all (i) Intercompany balances and accounts whether or not in writing, between or among TFMC or any member
        of the TFMC Group, on the one hand, and TEN or any other member of the TEN Group, on the other hand, effective as of the Effective Time, such that, to the extent practicable, all such Intercompany balances and accounts shall be fully settled and no
        Party or any member of its Group shall have any continuing obligation with respect thereto and otherwise in such a manner as the Parties shall determine in good faith (including by means of dividends, distributions, contribution, the creation or
        repayment of intercompany debt, increasing or decreasing of cash pool balances or otherwise), and (ii) all Intercompany agreements, arrangements, commitments or understandings, including all obligations to provide goods, services or other benefits,
        whether or not in writing, between or among TFMC or any member of the TFMC Group, on the one hand, and TEN or any member of the TEN Group, on the other hand (other than as set forth in Section 1.3(b)), without further payment or performance
        such that no party thereto shall have any further obligations therefor or thereunder. No such terminated balance, account, agreement, arrangement, commitment or understanding (including any provision thereof which purports to survive termination)
        shall be of any further force or effect after the Effective Time. Each Party shall, at the reasonable request of any other Party, take, or cause to be taken, such other actions as may be necessary to effect the foregoing.

     

    
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    (b)          The provisions of Section 1.3(a) shall not apply to any of the following agreements, arrangements, commitments or
        understandings (or to any of the provisions thereof): (i) this Agreement and the Ancillary Agreements (and each other agreement or instrument expressly contemplated by this Agreement or any Ancillary Agreement to be entered into by any of the
        Parties or any of the members of their respective Group, including, for the avoidance of doubt, those agreements and instruments entered into in connection with the TFMC Financing Arrangements or the TEN Financing Arrangements); (ii) any
        agreements, arrangements, commitments or understandings filed as an exhibit, whether in preliminary or final form, to the EU Prospectus or the Form F-1 or otherwise listed or described on Schedule 1.3(b)(ii); (iii) any agreements,
        arrangements, commitments or understandings to which any Person other than the Parties and the members of their respective Group is a party (it being understood that to the extent that the rights and obligations of the Parties and the members of
        their respective Group under any such agreements, arrangements, commitments or understandings constitute TEN Assets, TFMC Assets, TEN Liabilities or TFMC Liabilities, they shall be assigned pursuant to Section 1.1(a) to the extent they are
        not already held by a member of the applicable Group); (iv) any Shared Contracts; and (v) any other agreements, arrangements, commitments or understandings that this Agreement or any Ancillary Agreement expressly contemplates shall survive the
        Effective Time.

     

    1.4          Treatment of Shared Contracts. Subject to applicable Law and except as otherwise provided in any Ancillary
      Agreement, and without limiting the generality of the obligations set forth in Section 1.1, unless the Parties otherwise agree or the benefits of any Contract described in this Section 1.4 are expressly conveyed to the applicable Party pursuant to this Agreement or an Ancillary Agreement, any Contract entered into by a member of the TFMC Group or the TEN Group with a third party that is
      not a TEN Asset, but pursuant to which a member of the TEN Group, as of the Effective Time, has been provided certain revenues or other benefits or incurred any Liability (any such Contract, a “Shared Contract”) shall not be assigned in
      relevant part to the applicable members of the TEN Group or amended to give the relevant members of the TEN Group any entitlement to such rights and benefits thereunder; provided, however, that the Parties shall, and shall cause each of the members
      of their respective Group to, take such other reasonable and permissible actions to cause to the extent permitted under applicable Law: (i) the relevant member of the TEN Group to receive the rights and benefits previously provided in the ordinary
      course of business, consistent with past practice, pursuant to such Shared Contract; and (ii) the relevant member of the TEN Group to bear the burden of the applicable Liabilities previously borne in the ordinary course of business, consistent with
      past practice, under such Shared Contract. Notwithstanding the foregoing, subject to the provisions of Schedule 1.4, no member of the TFMC Group shall be required by this Section 1.4
      to maintain in effect any Shared Contract, and no member of the TEN Group shall have any approval or other rights with respect to any amendment, termination or other modification of any Shared Contract.

     

    
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    1.5          Treatment of Shared Permits. Subject to applicable Law and except as otherwise provided in any Ancillary Agreement,
      and without limiting the generality of the obligations set forth in Section 1.1, unless the Parties otherwise agree or the benefits of any Permit described in this Section 1.5 are
      expressly conveyed to the applicable Party pursuant to this Agreement or an Ancillary Agreement, any Permit used in connection with both the TFMC Business and the TEN Business, including those listed on Schedule 1.5(a) (any such permit, a “Shared

        Permit”), shall remain with the member of the TFMC Group or TEN Group, as applicable, in possession of such Shared Permit at the Effective Time; provided, however, that the Parties shall, and shall cause each of the members of their respective
      Group to, take such other reasonable and permissible actions to cause to the extent permitted under applicable Law: (i) the relevant member of the TFMC Group or TEN Group that is not in possession of such Shared Permit, to receive the rights and
      benefits previously provided in the ordinary course of business, consistent with past practice, pursuant to such Shared Permit; and (ii) such member of the TFMC Group or TEN Group to bear the burden of the Liabilities under such Shared Permit to the
      extent arising out of such use. Notwithstanding the foregoing and except for the Shared Permits set forth on Schedule 1.5(b), no member of the TFMC Group or the TEN Group, as applicable, shall be required by this Section 1.5 to
      maintain in effect any Shared Permit in its possession following the Effective Time, and no member of the TFMC Group or the TEN Group shall have any approval or other rights with respect to any amendment, termination or other modification of any
      Shared Permit not held by a member of its respective Group following the Effective Time.

     

    1.6          Bank Accounts; Cash Balances; Misdirected Payments.

     

        

    (a)          Each Party agrees to take, or cause the applicable members of its respective Group to take, at the Effective Time (or such earlier
        time as the Parties may agree), all actions necessary to amend all Contracts governing each bank and brokerage account, including lockbox accounts, owned by TFMC or any other member of the TFMC Group (collectively, the “TFMC Accounts”) so
        that such TFMC Accounts, if currently linked (whether by automatic withdrawal, automatic deposit or any other authorization to transfer funds from or to, hereinafter “linked”) to any bank or brokerage account, including lockbox accounts, owned by
        any member of the TEN Group (collectively, the “TEN Accounts”) are de-linked from the TEN Accounts.

     

    (b)          Each Party agrees to take, or cause the applicable members of its respective Group to take, at the Effective Time (or such earlier
        time as the Parties may agree), all actions necessary to amend all Contracts governing the TEN Accounts so that such TEN Accounts, if currently linked to an TFMC Account, are de-linked from the TFMC Accounts.

     

    (c)          It is intended that, following consummation of the actions contemplated by Sections 1.6(a) and 1.6(b), there shall
        be in place a centralized cash management process pursuant to which (i) the TFMC Accounts shall be managed centrally and funds collected shall be transferred into one or more centralized accounts maintained by TFMC and (ii) the TEN Accounts shall
        be managed centrally and funds collected shall be transferred into one or more centralized accounts maintained by TEN. Notwithstanding Section 1.1, but subject to TEN’s retention of the TEN cash, all cash on hand at any member of the TFMC
        Group or the TEN Group as of the Effective Time shall be assigned, transferred or paid over to or retained by TFMC. Any cash in the TEN Accounts after the Effective Time that belongs to any member of the TFMC Group shall be transferred by the
        applicable member of the TEN Group to any member of the TFMC Group designated by TFMC.

     

    
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    (d)          With respect to any outstanding checks issued or payments initiated by TFMC, TEN or any of their respective Group members prior to
        the Effective Time, such outstanding checks and payments shall be honored following the Effective Time by the Person or Group owning the account on which the check is drawn or from which the payment was initiated. In addition, any outstanding
        checks or payments issued by a third party for the benefit of TFMC, TEN or any of their respective Group members prior to the Effective Time shall be honored following the Effective Time and payment shall be made to the party to whom the check or
        payment was issued.

     

    (e)          With respect to the payments described in Section 1.6(d), in the event that:

     

    (i)          TEN or one of its Group members initiates a payment prior to the Effective Time that is honored following the
        Effective Time, and to the extent such payment relates to the TFMC Business, then TFMC shall reimburse TEN for such payment as soon as reasonably practicable and in no event later than seven (7) days after such payment is honored; or

     

    (ii)          TFMC or one of its Group members initiates a payment prior to the Effective Time that is honored following the
        Effective Time, and to the extent such payment relates to the TEN Business, then TEN shall reimburse TFMC for such payment as soon as reasonably practicable and in no event later than seven (7) days after such payment is honored.

     

    (f)          Prior to or concurrently with the Effective Time, (i) TFMC shall cause all TFMC employees to be removed as authorized signatories
        on all bank accounts maintained by the TEN Group and (ii) TEN shall cause all TEN employees to be removed as authorized signatories on all bank accounts maintained by the TFMC Group.

     

    (g)          As between TFMC and TEN (for purposes of this Section 1.6(g), each a “Specified Party”) (and the members of their
        respective Group), all payments made to and reimbursements received by either Specified Party (or any member of its Group), in each case after the Effective Time, that relate to a business, Asset or Liability of the other Specified Party (or any
        member of such other Specified Party’s Group) (each, a “Misdirected Payment”), shall be held in trust by the recipient Specified Party for the use and benefit of the other Specified Party (or member of such other Specified Party’s Group
        entitled thereto) (at the expense of the party entitled thereto). Each Specified Party shall maintain an accounting of any such Misdirected Payments received by such Specified Party or any member of its Group, and the Specified Parties shall have a
        weekly reconciliation, whereby all such Misdirected Payments received by each Specified Party are calculated and the net amount owed to the other Specified Party (or members of the other Specified Party’s Group) shall be paid over to the other
        Specified Party (for further distribution to the applicable members of such other Specified Party’s Group). If at any time the net amount in respect of Misdirected Payments owed to either Specified Party exceeds $1,000,000, an interim payment of
        such net amount owed shall be made to the Specified Party entitled thereto within three (3) Business Days of such amount exceeding $1,000,000. Notwithstanding the foregoing, neither Specified Party (nor any of the members of its Group) shall act as
        collection agent for the other Specified Party (or any of the members of its Group), nor shall either Specified Party (or any members of its Group) act as surety or endorser with respect to non-sufficient funds checks, or funds to be returned in a
        bankruptcy or fraudulent conveyance action.

     

    
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    1.7          Misallocated Assets and Liabilities.

     

    (a)          In the event that, at any time from and after the Effective Time, either Party discovers that it or another member of its Group is
        the owner of, receives or otherwise comes to possess or benefit from any Asset (including the receipt of payments made pursuant to Contracts and proceeds from accounts receivable with respect to such Asset) that should have been allocated to a
        member of the other Group pursuant to this Agreement or any Ancillary Agreement (except in the case of any deliberate acquisition of Assets from a member of the other Group for value subsequent to the Effective Time), such Party shall promptly (but
        in no case later than within thirty (30) days of discovery of such misallocated Asset) transfer, or cause to be transferred, such Asset to such member of the other Group, and such member of the other Group shall accept such Asset for no further
        consideration other than that set forth in this Agreement and such Ancillary Agreement. Prior to any such transfer, such Asset shall be held in accordance with Section 1.2.

     

    (b)          In the event that, at any time from and after the Effective Time, either Party discovers that it or another member of its Group is
        liable for any Liability that should have been allocated to a member of the other Group pursuant to this Agreement or any Ancillary Agreement (except in the case of any deliberate assumption of Liabilities from a member of the other Group for value
        subsequent to the Effective Time), such Party shall promptly (but in no case later than within thirty (30) days of discovery of such misallocated Liability) transfer, or cause to be transferred, such Liability to such member of the other Group and
        such member of the other Group shall assume such Liability for no further consideration than that set forth in this Agreement and such Ancillary Agreement. Prior to any such assumption, such Liabilities shall be held in accordance with Section
          1.2. To the extent either Party makes any payment or incurs any obligations relating to a misallocated Liability as set forth in this Section 1.7(b), upon discovery by the Parties that such Liability was misallocated, the Party to
        which such Liability should have been allocated shall reimburse the other Party for any payment made or obligations incurred with respect to such misallocated Liability.

     

    1.8          TFMC Financing Arrangements; TEN Financing Arrangements; TEN Shares Issuance.

     

        

    (a)          Prior to the Effective Time, TEN entered into the TEN Financing Arrangements. TFMC and TEN shall cause all conditions relating to
        the TEN Financing Arrangements to be satisfied concurrently with the Effective Time. TFMC and TEN agree to take all necessary actions to assure the full release and discharge of TFMC and the other members of the TFMC Group from all obligations
        pursuant to the TEN Financing Arrangements as of no later than the Effective Time.

     

    (b)          Prior to the Effective Time, TFMC entered into the TFMC Financing Arrangements. TFMC shall cause all conditions relating to the
        TFMC Financing Arrangements to be satisfied concurrently with the Effective Time. TFMC agrees to take all necessary actions to assure the full release and discharge of TEN and the other members of the TEN Group from all obligations pursuant to the
        TFMC Financing Arrangements as of no later than the Effective Time.

     

    
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    (c)          Prior to the Effective Time, TEN shall complete the TEN Shares Issuance in consideration of the Contribution. In connection with
        the TEN Shares Distribution, TEN shall, sufficiently prior to the Effective Time, cause the TEN Board to take all corporate and other action, and issue irrevocable instructions to any Person, as may be necessary to complete the TEN Shares Issuance
        to TFMC. From and after the Effective Time, TEN shall, to the fullest extent not prohibited by Law, be precluded from asserting in Action or otherwise that the foregoing actions and procedures regarding the TEN Shares Issuance are not valid,
        binding and enforceable and shall stipulate in any such Action or before any such Governmental Entity or otherwise that TEN is bound to have performed the TEN Shares Issuance Distribution and use best efforts to perform the TEN Shares Issuance if
        such distribution is not received by TFMC prior to or at the Effective Time.

     

    1.9          Disclaimer of Representations and Warranties. EACH OF TFMC (ON BEHALF OF ITSELF AND EACH MEMBER OF THE TFMC GROUP)
      AND TEN (ON BEHALF OF ITSELF AND EACH MEMBER OF THE TEN GROUP) UNDERSTANDS AND AGREES THAT, EXCEPT AS EXPRESSLY SET FORTH HEREIN OR IN ANY ANCILLARY AGREEMENT, NO PARTY TO THIS AGREEMENT, ANY ANCILLARY AGREEMENT OR ANY OTHER AGREEMENT OR DOCUMENT
      CONTEMPLATED BY THIS AGREEMENT, ANY ANCILLARY AGREEMENT OR OTHERWISE, IS REPRESENTING OR WARRANTING IN ANY WAY AS TO THE ASSETS, BUSINESSES OR LIABILITIES TRANSFERRED, ASSUMED OR LICENSED AS CONTEMPLATED HEREBY OR THEREBY (INCLUDING ANY ASSETS,
      BUSINESSES OR LIABILITIES TRANSFERRED, ASSUMED OR LICENSED UNDER THIS ARTICLE I AND SECTION 5.7), AS TO WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, AS TO ANY CONSENTS OR
      APPROVALS REQUIRED IN CONNECTION THEREWITH, AS TO THE VALUE OR FREEDOM FROM ANY SECURITY INTERESTS OF, OR ANY OTHER MATTER CONCERNING, ANY ASSETS OF SUCH PARTY, AS TO, IN THE CASE OF INTELLECTUAL PROPERTY, NON-INFRINGEMENT OR ANY WARRANTY THAT ANY
      SUCH INTELLECTUAL PROPERTY IS “ERROR FREE,” OR AS TO THE ABSENCE OF ANY DEFENSES OR RIGHT OF SET-OFF OR FREEDOM FROM COUNTERCLAIM WITH RESPECT TO ANY CLAIM OR OTHER ASSET, INCLUDING ANY ACCOUNTS RECEIVABLE, OF ANY PARTY, OR AS TO THE LEGAL
      SUFFICIENCY OF ANY ASSIGNMENT, DOCUMENT OR INSTRUMENT DELIVERED HEREUNDER TO CONVEY TITLE TO ANY ASSET OR THING OF VALUE UPON THE EXECUTION, DELIVERY AND FILING HEREOF OR THEREOF. EXCEPT AS MAY EXPRESSLY BE SET FORTH HEREIN OR IN ANY ANCILLARY
      AGREEMENT, ALL SUCH ASSETS ARE BEING TRANSFERRED OR LICENSED, AS APPLICABLE, ON AN “AS IS,” “WHERE IS” BASIS (AND, IN THE CASE OF ANY REAL PROPERTY, EXCEPT AS OTHERWISE AGREED, BY MEANS OF A QUITCLAIM DEED OR CONVEYANCE) AND THE RESPECTIVE
      TRANSFEREES SHALL BEAR THE ECONOMIC AND LEGAL RISKS THAT (I) ANY CONVEYANCE WILL PROVE TO BE INSUFFICIENT TO VEST IN THE TRANSFEREE GOOD AND MARKETABLE TITLE, FREE AND CLEAR OF ANY SECURITY INTEREST, AND (II) ANY NECESSARY APPROVALS OR NOTIFICATIONS
      ARE NOT OBTAINED OR MADE OR THAT ANY REQUIREMENTS OF LAWS OR JUDGMENTS ARE NOT COMPLIED WITH.

     

    
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    ARTICLE II.

    COMPLETION OF THE DISTRIBUTION

     

    2.1          Actions Prior to the Distribution. Following the Separation and the Contribution and prior to the Effective Time,
      subject to the terms and conditions set forth herein, the Parties shall take, or cause to be taken, the following actions in connection with the Distribution:

     

    (a)          EU Prospectus Matters. TEN shall transmit to or file with the AFM any material supplements or amendments in the form of a
        press release published on its website or in the form of a supplement to the EU Prospectus only if it is required pursuant to article 23 of Prospectus Regulation in order to cause the EU Prospectus to become and remain effective as required by the
        AFM, the applicable Laws of the European Union or any member state thereof or other applicable Laws, including in connection with the notification of the approval by the AFM to the AMF pursuant to article 25(1) of the Prospectus Regulation. TFMC
        and TEN shall cooperate in preparing, filing with the AFM and causing to become effective registration statements or amendments thereof that are required to reflect the establishment of, or amendments to, any employee benefit and other plans
        necessary or advisable in connection with the transactions contemplated by this Agreement and the Ancillary Agreements. TFMC and TEN shall take all such action as may be necessary or advisable under the securities Laws of the European Union in
        connection with the transactions contemplated by this Agreement and the Ancillary Agreements.

     

    (b)          Availability of EU Prospectus. TEN shall, as soon as is reasonably practicable after the EU Prospectus is approved by the
        AFM, cause the EU Prospectus to be made available with the delivery of a notice of Internet availability of the EU Prospectus, posted on the Internet.

     

    (c)          U.S. Securities Law Matters. TEN shall file with the SEC any amendments or supplements to the Form F-1 as may be necessary
        or advisable in order to cause the Form F-1 to become and remain effective as required by the SEC or U.S. federal, state or other applicable securities Laws. TFMC and TEN shall cooperate in preparing, filing with the SEC and causing to become
        effective registration statements or amendments thereof that are required to reflect the establishment of, or amendments to, any employee benefit and other plans necessary or advisable in connection with the transactions contemplated by this
        Agreement and the Ancillary Agreements. TFMC and TEN shall take all such action as may be necessary or advisable under the securities or “blue sky” Laws of the United States (and any comparable Laws under any non-U.S. jurisdiction) in connection
        with the transactions contemplated by this Agreement and the Ancillary Agreements.

     

    (d)          Availability of Form F-1. TFMC shall, as soon as is reasonably practicable after the Form F-1 is declared effective under
        the Exchange Act and the TFMC Board has approved the Distribution, cause the Form F-1 to be made available with the delivery of a notice of Internet availability of the Form F-1, posted on the Internet.

     

    (e)          Notice to NYSE. TFMC shall, to the extent possible, give the NYSE not less than ten (10) days’ advance notice of the Record
        Date in compliance with Rule 10b-17 under the Exchange Act.

     

    
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    (f)          The Distribution Agent. TFMC shall enter into a distribution agent agreement with the Agent or otherwise provide
        instructions to the Agent regarding the Distribution. TEN shall enter into a registrar agreement with the Dutch Transfer Agent or otherwise provide instructions to the Agent regarding the Distribution and the maintenance of the TEN shareholders
        register.

     

    (g)          Clearing Systems. At or prior to the Effective Time, TFMC and TEN shall take all actions as may be necessary to enable the
        TEN Shares to be admitted to the clearing procedures of Euroclear France, Euroclear Bank SA/NV and Clearstream Banking, S.A. and their participants.

     

    (h)          Stock-Based Employee Benefit Plans. At or prior to the Effective Time, TFMC and TEN shall take all actions as may be
        necessary to approve the stock-based employee benefit plans of TEN in order to satisfy the requirements of the securities Laws of the European Union and the applicable rules and regulations of the Euronext Paris and NYSE as applicable.

     

    (i)          ADR Program. TFMC shall cause a sponsored American depositary receipt (“ADR”) facility (the “ADR Facility”)
        to be established with a reputable national bank reasonably acceptable to TEN (the “Depositary Bank”) for the purpose of issuing ADRs in respect of the TEN Shares (“TEN ADRs”), including entering into a customary deposit agreement
        with the Depositary Bank establishing the ADR Facility (the “Deposit Agreement”), to be effective as of the Effective Time, and filing with the SEC a Form F-6. TFMC shall use reasonable best efforts to cause the TEN Shares to be eligible for
        settlement through J.P. Morgan Chase Bank, N.A.

     

    (j)          Amended and Restated Articles of Association. TFMC and TEN shall take all necessary actions that may be required to provide
        for the conversion of TEN into a public limited liability company (naamloze vennootschap) and the amendment of the articles of association of TEN (the “Amended and Restated Articles of Association”), in accordance with a draft notarial deed
        of conversion and amendment of the articles of association of TEN substantially in the form attached hereto as Exhibit A (the “TEN Articles of Association”).

     

    (k)          Officers and Directors. The Parties shall take all necessary action so that, as of the Effective Time, the executive
        officers and directors of TEN will be as set forth in the EU Prospectus and the Form F-1.

     

    (l)          Financings. Prior to or on the Distribution Date, TFMC and TEN and each member of the TEN Group designated by TEN shall
        cause all conditions relating to the TFMC Financing Arrangements and the TEN Financing Arrangements to be satisfied.

     

    (m)         Satisfying Conditions to the Distribution. TFMC and TEN shall cooperate to cause the conditions to the Distribution set
        forth in Section 2.3 to be satisfied and to effect the Distribution at the Effective Time.

     

    
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    2.2          Effecting the Distribution.

     

    (a)          Delivery of TEN Shares. On or prior to the Distribution Date, TFMC shall deliver to the Agent, for the benefit of the
        Record Holders, duly executed transfer forms for such number of the outstanding TEN Shares as is necessary to effect the Distribution.

     

    (b)          Distribution of Shares and Cash. TFMC shall instruct the Agent to distribute, as soon as practicable following the
        Effective Time, to each Record Holder the following: (i) one (1) TEN Share for every five (5) TFMC Shares held by such Record Holder as of the Record Date and (ii) cash, if applicable, in lieu of fractional shares obtained in the manner provided in
        Section 2.2(c).

     

    (c)          No Fractional Shares. No fractional shares shall be distributed or credited to book-entry accounts in connection with the
        Distribution. As soon as practicable after the Effective Time, TFMC shall direct the Agent to determine the number of whole shares and fractional TEN Shares allocable to each holder of record or beneficial owner of TFMC Shares as of the Record
        Date, to aggregate all such fractional shares and to sell the whole shares obtained thereby in open market transactions (with the Agent, in its sole and absolute discretion, determining when, how and through which broker-dealer and at what price to
        make such sales), and to cause to be distributed to each such holder or for the benefit of each such beneficial owner, in lieu of any fractional share, such holder’s or owner’s ratable share of the proceeds of such sale, after deducting any taxes
        required to be withheld and after deducting an amount equal to all brokerage charges, commissions and transfer taxes attributed to such sale. Neither TFMC nor TEN shall be required to guarantee any minimum sale price for the fractional TEN Shares.
        Neither TFMC nor TEN shall be required to pay any interest on the proceeds from the sale of fractional shares. Solely for purposes of computing fractional share interests pursuant to Section 2.2(c), the beneficial owner of TFMC Shares held
        of record in the name of a nominee in any nominee account shall be treated as the holder of record with respect to such shares.

     

    (d)          Transfer Authorizations. TEN agrees to update its shareholders register to reflect the transfers of TEN Shares undertaken
        in connection with the Distribution.

     

    (e)          Treatment of TEN Shares. Until the TEN Shares are duly transferred in accordance with this Section 2.2 and
        applicable Law, from and after the Effective Time, TEN will regard the Persons entitled to receive such TEN Shares as record holders of TEN Shares in accordance with the terms of the Distribution without requiring any action on the part of such
        Persons. TEN and TFMC agree that from and after the Effective Time each such holder will be entitled to receive all dividends payable on, and exercise voting rights and all other rights and privileges with respect to, the TEN Shares then deemed to
        be held by such holder.

     

    2.3          Conditions to the Distribution. The consummation of the Distribution shall be subject to the satisfaction or (to the
      extent permissible under applicable Law) waiver by TFMC in its sole and absolute discretion, of the following conditions:

     

    (a)          Approval by TFMC Board. This Agreement and the Transactions shall have been approved by the TFMC Board, and such approval
        shall not have been withdrawn.

     

    (b)          Approval by TEN Board. This Agreement and the Transactions shall have been approved by the TEN Board and and such approval
        shall not have been withdrawn.

     

    
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    (c)          Approval of EU Prospectus. The EU Prospectus registering the TEN Shares shall have been approved by the AFM in accordance
        with the Prospectus Regulation, with no stop order in effect with respect thereto.

     

    (d)          Securities Laws. The actions and filings necessary or appropriate under applicable securities Laws in connection with the
        Distribution shall have been taken or made, and, where applicable, have become effective or been accepted by the applicable Governmental Entity.

     

    (e)          Effectiveness of Form F-1. The Form F-1 registering the TEN Shares shall be effective under the Exchange Act, with no stop
        order in effect with respect thereto.

     

    (f)          Listing on Euronext Paris. The TEN Shares to be distributed to the TFMC shareholders in the Distribution shall have been
        accepted for listing on the Euronext Paris (Compartment A), subject to official notice of distribution.

     

    (g)          Completion of the Separation and Contribution. The Separation and Contribution shall have been completed and (i) TFMC, as
        of the Effective Time, shall have no further Liability whatsoever under the TEN Financing Arrangements (including in connection with any guarantees provided by any member of the TFMC Group) and (ii) TEN, as of the Effective Time, shall have no
        Liability whatsoever under the TFMC Financing Arrangements.

     

    (h)          Issuance of the TEN Shares Against the Contribution. The TEN Shares Issuance shall have been validly completed by TEN to
        TFMC.

     

    (i)          TFMC Officer and Director Resignations. TFMC will have requested the resignation of each person who is an officer or
        director of TFMC Group prior to the Distribution Date and who will continue solely as an officer or director of the TEN Group following the Distribution Date.

     

    (j)          Distribution Agent Agreement. TFMC will have entered into a Distribution Agent Agreement with, or provided instructions
        regarding the Distribution to, the Agent.

     

    (k)          Financings. The transactions contemplated by the TFMC Financing Arrangements and the TEN Financing Arrangements shall have
        been consummated prior to or on the Distribution Date.

     

    (l)          Execution of Ancillary Agreements. Each of the Ancillary Agreements shall have been duly executed and delivered by the
        parties thereto.

     

    (m)          Governmental Approvals. All material Governmental Approvals necessary to consummate the Transactions shall have been
        obtained and be in full force and effect.

     

    (n)          No Order or Injunction. No order, injunction or decree issued by any court or agency of competent jurisdiction or other
        legal restraint or prohibition preventing the consummation of the Transactions shall be in effect, and no other event outside the control of TFMC shall have occurred or failed to occur that prevents the consummation of the Transactions.

     

    
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    (o)          No Circumstances Making Distribution Inadvisable. No events or developments shall have occurred or exist that, in the
        judgment of the TFMC Board, in its sole and absolute discretion, make it inadvisable to effect the Transactions, or would result in the Transactions not being in the best interest of TFMC or its shareholders.

     

    2.4          Sole Discretion. The foregoing conditions are for the sole benefit of TFMC and shall not give rise to or create any
      duty on the part of TFMC or the TFMC Board to waive or not waive such conditions or in any way limit TFMC’s right to terminate this Agreement as set forth in Article VII or alter the consequences of any such termination from those specified
      in such Article. Any determination made by the TFMC Board prior to the Distribution concerning the satisfaction or waiver of any or all of the conditions set forth in Section 2.3 shall be conclusive.

     

    ARTICLE III.

    MUTUAL RELEASES; INDEMNIFICATION; COOPERATION; INSURANCE 

     

    3.1          Release of Claims Prior to Distribution.

     

    (a)          Except as provided in Section 3.1(c), effective as of the Effective Time, TFMC does hereby, for itself and each other
        member of the TFMC Group, their respective Affiliates, successors and assigns, and, to the extent permitted by Law, all Persons who at any time prior to the Effective Time have been shareholders, directors, officers, agents or employees of any
        member of the TFMC Group (in each case, in their respective capacities as such), surrender, relinquish, release and forever discharge (i) TEN, the respective members of the TEN Group, their respective Affiliates, successors and assigns, and (ii)
        all Persons who at any time prior to the Effective Time have been shareholders, directors, officers, agents or employees of any member of the TEN Group (in each case, in their respective capacities as such), and their respective heirs, executors,
        administrators, successors and assigns, in each case from (A) all TFMC Liabilities whatsoever, (B) all Liabilities arising from, or in connection with, the transactions and all other activities to implement the Transactions and (C) all Liabilities
        arising from or in connection with actions, inactions, events, omissions, conditions, facts or circumstances occurring or existing prior to the Effective Time (whether or not such Liabilities cease being contingent, mature, become known, are
        asserted or foreseen, or accrue, in each case before, at or after the Effective Time), in each case of this clause (C) to the extent relating to, arising out of or resulting from the TFMC Business, the TFMC Assets or TFMC Liabilities.

     

    (b)          Except as provided in Section 3.1(c), effective as of the Effective Time, TEN does hereby, for itself and each other
        member of the TEN Group, their respective Affiliates, successors and assigns, and, to the extent permitted by Law, all Persons who at any time prior to the Effective Time have been shareholders, directors, officers, agents or employees of any
        member of the TEN Group (in each case, in their respective capacities as such), surrender, relinquish, release and forever discharge (i) TFMC, the respective members of the TFMC Group, their respective Affiliates (other than any member of the TEN
        Group), successors and assigns, and (ii) all Persons who at any time prior to the Effective Time have been shareholders, directors, officers, agents or employees of any member of the TFMC Group (in each case, in their respective capacities as
        such), and their respective heirs, executors, administrators, successors and assigns, in each case from (A) all TEN Liabilities whatsoever, (B) all Liabilities arising from, or in connection with, the transactions and all other activities to
        implement the Transactions and (C) all Liabilities arising from or in connection with actions, inactions, events, omissions, conditions, facts or circumstances occurring or existing prior to the Effective Time (whether or not such Liabilities cease
        being contingent, mature, become known, are asserted or foreseen, or accrue, in each case before, at or after the Effective Time), in each case of this clause (C), to the extent relating to, arising out of or resulting from the TEN Business, the
        TEN Assets or the TEN Liabilities.

     

    
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    (c)          Nothing contained in Section 3.1(a) or (b) shall impair any right of any Person to enforce this Agreement, any
        Ancillary Agreement or any agreements, arrangements, commitments or understandings that are specified in Section 1.3(b) or the applicable schedules hereto as not to terminate as of the Effective Time, in each case in accordance with its
        terms. Nothing contained in Section 3.1(a) or (b) shall release any Person from:

     

    (i)          any Liability provided in or resulting from any agreement among any members of the TFMC Group or the TEN Group
        that is specified in Section 1.3(b) as not to terminate as of the Effective Time, or any other Liability specified in such Section 1.3(b) as not to terminate as of the Effective Time;

     

    (ii)         any Liability provided in or resulting from any Contract or understanding that is entered into after the
        Effective Time between any member of the TFMC Group, on the one hand, and any member of the TEN Group, on the other hand;

     

    (iii)        any Liability, contingent or otherwise, assumed, transferred, assigned or allocated to the Group of which such
        Person is a member in accordance with this Agreement or any Ancillary Agreement (including any TFMC Liability and any TEN Liability, as applicable); or

     

    (iv)        any Liability that the Parties may have with respect to indemnification or contribution pursuant to this
        Agreement or otherwise for claims brought against the Parties by third Persons, which Liability shall be governed by the provisions of this Article III and Article IV and any other applicable provisions of this Agreement.

     

    (d)          In addition, nothing contained in Section 3.1(a) or (b) shall release TFMC from its obligations, existing as of
        immediately prior to or after the Effective Time, to indemnify or to advance expenses to any person who was a director, officer or employee of a member of the TFMC Group or the TEN Group on or prior to the Effective Time; it being understood that,
        if the underlying actions or conduct giving rise to a claim for indemnification or advancement of expenses is related to or arises from a TEN Liability, TEN shall indemnify TFMC’s costs to indemnify and advance expenses to the director, officer or
        employee in accordance with the provisions set forth in this Article III.

     

    (e)          TFMC shall not make, and shall not permit any member of the TFMC Group to make, any claim or demand, or commence any Action
        asserting any claim or demand, including any claim of contribution or any indemnification, against TEN or any member of the TEN Group, or any other Person released pursuant to Section 3.1(a), with respect to any Liabilities released
        pursuant to Section 3.1(a). TEN shall not make, and shall not permit any member of the TEN Group to make, any claim or demand, or commence any Action asserting any claim or demand, including any claim of contribution or any indemnification,
        against TFMC or any member of the TFMC Group, or any other Person released pursuant to Section 3.1(b), with respect to any Liabilities released pursuant to Section 3.1(b).

     

    
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    (f)          Any breach of the provisions of this Section 3.1 by either TFMC or TEN shall entitle the other Party to recover reasonable
        fees and expenses of counsel in connection with such breach or any Action resulting from such breach.

     

    3.2          Indemnification by TFMC. Except as otherwise specifically set forth in this Agreement, to the fullest extent
      permitted by Law, TFMC shall, and shall cause the other members of the TFMC Group to, indemnify, defend and hold harmless TEN, each member of the TEN Group and each of their respective past, present and future directors, officers, employees and
      agents, in each case in their respective capacities as such, and each of the heirs, executors, successors and assigns of any of the foregoing (collectively, the “TEN Indemnitees”), from and against any and all Liabilities of the TEN
      Indemnitees relating to, arising out of or resulting from, directly or indirectly, any of the following items (without duplication):

     

    (a)          any TFMC Liabilities, including any failure of TFMC or any other member of the TFMC Group or any other Person to pay, perform or
        otherwise promptly discharge any TFMC Liabilities in accordance with their respective terms, whether prior to or after the Effective Time or the date hereof;

     

    (b)          any breach by TFMC or any member of the TFMC Group of this Agreement or any of the Ancillary Agreements;

     

    (c)          any third-party claims that the use of the TEN Intellectual Property by any member of the TFMC Group (or their permitted
        sublicensees) infringes the Intellectual Property rights of such third party;

     

    (d)          except to the extent that it relates to a TEN Liability, any guarantee, indemnification or contribution obligation, letter of
        credit reimbursement obligations, surety, bond or other credit support agreement, arrangement, commitment or understanding for the benefit of TFMC or any member of the TFMC Group by TEN or any member of the TEN Group that survives following the
        Effective Time;

     

    (e)          any untrue statement or alleged untrue statement of a material fact or omission or alleged omission to state a material fact
        required to be stated therein or necessary to make the statements therein not misleading, with respect to all information contained in the EU Prospectus, the Form F-1 or any other Disclosure Document, in each case solely to the extent furnished by
        TFMC solely in respect of TFMC and expressly for use in such document;

     

    (f)          any breach by TFMC or any member of the TFMC Group of the DPA; and

     

    (g)          any Monetary Penalty issued by the PNF arising from the PNF Investigation.

     

    
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    Notwithstanding the foregoing, in no event shall TFMC or any other member of the TFMC Group have any obligations under this Section 3.2 with respect to Liabilities subject to
      indemnification pursuant to Section 3.3.

     

    3.3          Indemnification by TEN. Except as otherwise specifically set forth in this Agreement, to the fullest extent
      permitted by Law, TEN shall, and shall cause the other members of the TEN Group to, indemnify, defend and hold harmless TFMC, each member of the TFMC Group and each of their respective past, present and future directors, officers, employees and
      agents, in each case in their respective capacities as such, and each of the heirs, executors, successors and assigns of any of the foregoing (collectively, the “TFMC Indemnitees”), from and against any and all Liabilities of the TFMC
      Indemnitees relating to, arising out of or resulting from, directly or indirectly, any of the following items (without duplication):

     

    (a)          any TEN Liabilities, including any failure of TEN or any other member of the TEN Group or any other Person to pay, perform or
        otherwise promptly discharge any TEN Liabilities in accordance with their respective terms, whether prior to or after the Effective Time or the date hereof;

     

    (b)          any breach by TEN or any member of the TEN Group of this Agreement or any Ancillary Agreements, including the failure by TEN to
        perform the TEN Shares Issuance to TFMC;

     

    (c)          any third-party claims that the use of the Licensed TFMC Patents by any member of the TEN Group (or their permitted sublicensees)
        infringes the Intellectual Property rights of such third party;

     

    (d)          except to the extent that it relates to a TFMC Liability, any guarantee, indemnification or contribution obligation, letter of
        credit reimbursement obligations, surety, bond or other credit support agreement, arrangement, commitment or understanding for the benefit of TEN or any member of the TEN Group by TFMC or any member of the TFMC Group that survives following the
        Effective Time;

     

    (e)          any untrue statement or alleged untrue statement of a material fact or omission or alleged omission to state a material fact
        required to be stated therein or necessary to make the statements therein not misleading, with respect to all information contained in the EU Prospectus, the Form F-1 or any other Disclosure Document, other than the matters described in Section
          3.2(e); and

     

    (f)          any breach by TEN or any member of the TEN Group of the DPA.

     

    Notwithstanding the foregoing, in no event shall TEN or any other member of the TEN Group have any obligations under this Section 3.3 with respect to Liabilities subject to indemnification pursuant to Section 3.2.

     

    
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    3.4          Indemnification Obligations Net of Insurance Proceeds.

     

    (a)          The Parties intend that any Liability subject to indemnification or contribution pursuant to this Article III shall be net
        of Insurance Proceeds that actually reduce the amount of the Liability. Accordingly, the amount that any Party (an “Indemnifying Party”) is required to pay to any Person entitled to indemnification or contribution hereunder (an “Indemnitee”)

        shall be reduced by any Insurance Proceeds theretofore actually recovered by or on behalf of the Indemnitee in respect of the related Liability. If an Indemnitee receives a payment (an “Indemnity Payment”) required by this Agreement from an
        Indemnifying Party in respect of any Liability and subsequently receives Insurance Proceeds, then the Indemnitee shall pay to the Indemnifying Party an amount equal to the excess of the Indemnity Payment received over the amount of the Indemnity
        Payment that would have been due if the Insurance Proceeds had been received, realized or recovered before the Indemnity Payment was made.

     

    (b)          It is expressly agreed and understood that all rights to indemnification, contribution and reimbursement pursuant to this Article

          III are in excess of all available insurance. Without limiting the foregoing, the Parties agree that an insurer who would otherwise be obligated to pay any claim shall not be relieved of the responsibility with respect thereto or, solely by
        virtue of any provision contained in this Agreement or any Ancillary Agreement, have any subrogation rights with respect thereto, it being expressly understood and agreed that no insurer or any other Third Party shall be entitled to a “windfall”
        (i.e., a benefit they would not be entitled to receive in the absence of the indemnification provisions hereof) by virtue of the Liability allocation, indemnification and contribution provisions hereof. Accordingly, any provision herein that could
        have the result of giving any insurer or other Third Party such a “windfall” shall be suspended or amended to the extent necessary to not provide such “windfall.” Each Party shall, and shall cause the members of its Group to, use commercially
        reasonable efforts (taking into account the probability of success on the merits and the cost of expending such efforts, including attorney’s fees and expenses) to collect or recover, or allow the Indemnifying Party to collect or recover, any
        Insurance Proceeds that may be collectible or recoverable respecting the Liabilities for which indemnification or contribution may be available under this Article III. The Indemnitee shall make available to the Indemnifying Party and its
        counsel all employees, books and records, communications, documents, items or matters within its knowledge, possession or control that are necessary, appropriate or reasonably deemed relevant by the Indemnifying Party with respect to the recovery
        of such Insurance Proceeds; provided, however, that nothing in this sentence shall be deemed to require a Party to make available books and records, communications, documents or items that (i) in such Party’s good faith judgment could result in a
        waiver of any privilege even if the Parties cooperated to protect such privilege as contemplated by this Agreement or (ii) such Party is not permitted to make available because of any Law or any confidentiality obligation to a Third Party, in which
        case such Party shall use commercially reasonable efforts to seek a waiver of or other relief from such confidentiality restriction. Notwithstanding the foregoing, an Indemnifying Party may not delay making any indemnification payment required
        under the terms of this Agreement, or otherwise satisfying any indemnification obligation, pending the outcome of any Action to collect or recover Insurance Proceeds, and an Indemnitee need not attempt to collect any Insurance Proceeds prior to
        making a claim for indemnification or contribution or receiving any Indemnity Payment otherwise owed to it under this Agreement or any Ancillary Agreement.

     

    
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    (c)          Each of TFMC and TEN shall, and shall cause the members of its Group to, when appropriate, use commercially reasonable efforts to
        obtain waivers of subrogation for each of the insurance policies described in Section 3.15. Each of TFMC and TEN hereby waives, for itself and each member of its Group, its rights to recover against the other Party in subrogation or as
        subrogee for a third Person.

     

    (d)          For all claims as to which indemnification is provided under Section 3.2 or 3.3 other than Third-Party Claims (as
        to which Section 3.5 shall apply), the reasonable fees and expenses of counsel to the Indemnitee for the enforcement of the indemnity obligations shall be borne by the Indemnifying Party.

     

    3.5          Procedures for Indemnification of Third-Party Claims.

     

    (a)          If, at or after the date of this Agreement, an Indemnitee shall receive written notice from, or otherwise learn of the assertion
        by, a Person (including any Governmental Entity) who is not a member of the TFMC Group or the TEN Group (a “Third Party”) of any claim or of the commencement by any such Person of any Action (collectively, a “Third-Party Claim”) with
        respect to which an Indemnifying Party may be obligated to provide indemnification to such Indemnitee pursuant to Section 3.2 or 3.3, or any other Section of this Agreement, such Indemnitee shall give such Indemnifying Party written
        notice thereof within fourteen (14) days of receipt of such written notice. Any such notice shall describe the Third-Party Claim in reasonable detail and include copies of all notices and documents (including court papers) received by the
        Indemnitee relating to the Third-Party Claim. Notwithstanding the foregoing, the failure of an Indemnitee to provide notice in accordance with this Section 3.5(a) shall not relieve an Indemnifying Party of its indemnification obligations
        under this Agreement, except to the extent to which the Indemnifying Party shall demonstrate that it was materially prejudiced by the Indemnitee’s failure to provide notice in accordance with this Section 3.5(a).

     

    (b)          Subject to the terms and conditions of any applicable insurance policy in place after the Effective Time, an Indemnifying Party
        may elect to defend (and to seek to settle or compromise), at such Indemnifying Party’s own expense and by such Indemnifying Party’s own counsel; provided, that the Indemnifying Party will not select counsel without the Indemnitee’s prior written
        consent (such consent not to be unreasonably withheld, conditioned or delayed). Within thirty (30) days after the receipt of notice from an Indemnitee in accordance with Section 3.5(a) (or sooner, if the nature of such Third-Party Claim so
        requires), the Indemnifying Party shall notify the Indemnitee of its election whether the Indemnifying Party shall assume responsibility for defending such Third-Party Claim.

     

    (c)          If an Indemnifying Party has elected to assume the defense of a Third-Party Claim, then such Indemnifying Party shall be solely
        liable for all fees and expenses incurred by it in connection with the defense of such Third-Party Claim and shall not be entitled to seek any indemnification or reimbursement from the Indemnitee for any such fees or expenses incurred during the
        course of its defense of such Third-Party Claim, regardless of any subsequent decision by the Indemnifying Party to reject or otherwise abandon its assumption of such defense. If an Indemnifying Party elects not to assume responsibility for
        defending any Third-Party Claim or fails to notify an Indemnitee of its election within thirty (30) days after receipt of a notice from an Indemnitee, such Indemnitee shall have the right to control the defense of such Third-Party Claim,
        in which case the Indemnifying Party shall be liable for all reasonable fees and expenses incurred by the Indemnitee in connection with the defense of such Third-Party Claim.

     

    
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    (d)          Notwithstanding an election by an Indemnifying Party to defend a Third-Party Claim in circumstances where an Indemnifying Party is
        permitted to make such an election pursuant to Section 3.5(b), an Indemnitee may, upon notice to the Indemnifying Party, elect to take over the defense of such Third-Party Claim if (i) in its exercise of reasonable business judgment, the
        Indemnitee determines that the Indemnifying Party is not defending such Third-Party Claim competently or in good faith, (ii) the Indemnitee determines in its exercise of reasonable business judgment that there exists a compelling business reason
        for such Indemnitee to defend such Third-Party Claim (other than as contemplated by the foregoing clause (i)), (iii) the Indemnifying Party makes a general assignment for the benefit of creditors, has filed against it or files a petition in
        bankruptcy or insolvency or is declared bankrupt or insolvent or declares that it is bankrupt or insolvent, or (iv) there occurs a change of control of the Indemnifying Party.

     

    (e)          An Indemnitee that does not conduct and control the defense of any Third-Party Claim, or an Indemnifying Party that has failed to
        elect to defend or that is not permitted to elect or defend pursuant to Section 3.5(b), any Third-Party Claim as contemplated hereby, nevertheless shall have the right to employ separate counsel (including local counsel as appropriate) of
        its own choosing to monitor and participate in (but not control) the defense of any Third-Party Claim for which it is a potential Indemnitee or Indemnifying Party, but the fees and expenses of such counsel shall be at the expense of such Indemnitee
        or Indemnifying Party, as the case may be, and the provisions of Section 3.5(c) shall not apply to such fees and expenses. Notwithstanding the foregoing, such Party shall cooperate with the Party entitled to conduct and control the defense
        of such Third-Party Claim in such defense and make available to the controlling Party, at the non-controlling Party’s expense, all witnesses, information and materials in such Party’s possession or under such Party’s control relating thereto as are
        reasonably required by the controlling Party. In addition to the foregoing and the last sentence of Section 3.2(b), if any Indemnitee shall in good faith determine that such Indemnitee and the Indemnifying Party have actual or potential
        differing defenses or conflicts of interest between them that make joint representation inappropriate, then the Indemnitee shall have the right to employ separate counsel (including local counsel as appropriate) and to participate in (but not
        control) the defense, compromise or settlement of the applicable Third-Party Claim, and the Indemnifying Party shall bear the reasonable fees and expenses of one such counsel and local counsel (as appropriate) for all Indemnitees.

     

    (f)          Neither Party may settle or compromise any Third-Party Claim for which either Party is seeking to be indemnified hereunder without
        the prior written consent of the other Party, which consent may not be unreasonably withheld, unless such settlement or compromise is solely for monetary damages, does not involve any finding or determination of Liability, wrongdoing or violation
        of Law by the other Party and provides for a full, unconditional and irrevocable release of the other Party, the members of the other Party’s respective Group and each of their respective past, present and future directors, officers, employees and
        agents, in each case in their respective capacities as such, and each of the heirs, executors, successors and assigns of any of the foregoing from all Liability in connection with the Third-Party Claim. The Parties hereby agree that if a Party
        presents the other Party with a written notice containing a proposal to settle or compromise a Third-Party Claim for which either Party is seeking to be indemnified hereunder and the Party receiving such proposal does not respond in any manner to
        the Party presenting such proposal within thirty (30) days (or within any such shorter time period that may be required by applicable Law or court order) of receipt of such proposal, then the Party receiving such proposal shall be deemed
        to have consented to the terms of such proposal.

     

    
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    (g)          The provisions of this Section 3.5 (other than this Section 3.5(g)) and the provisions of Section 3.6
        (other than Section 3.6(f)) shall not apply to Taxes (Taxes being governed by the Tax Matters Agreement).

     

    (h)          The Indemnifying Party shall establish a procedure reasonably acceptable to the Indemnitee to keep the Indemnitee reasonably
        informed of the progress of the Third-Party Claim and to notify the Indemnitee when any such Third-Party Claim is closed, regardless of whether such Third-Party Claim was resolved by settlement, verdict, dismissal or otherwise.

     

    3.6          Additional Matters.

     

    (a)          Indemnification payments in respect of any Liabilities for which an Indemnitee is entitled to indemnification under this Article

          III shall be paid by the Indemnifying Party to the Indemnitee as such Liabilities are incurred upon demand by the Indemnitee, including reasonably satisfactory documentation setting forth the basis for the amount of such indemnification
        payment, including documentation with respect to calculations made and consideration of any Insurance Proceeds that actually reduce the amount of such Liabilities. THE COVENANTS AND OBLIGATIONS CONTAINED IN THIS ARTICLE III SHALL REMAIN
        OPERATIVE AND IN FULL FORCE AND EFFECT, REGARDLESS OF (I) ANY INVESTIGATION MADE BY OR ON BEHALF OF ANY INDEMNITEE AND (II) THE KNOWLEDGE BY THE INDEMNITEE OF LIABILITIES FOR WHICH IT MIGHT BE ENTITLED TO INDEMNIFICATION HEREUNDER.

     

    (b)          Any claim on account of a Liability that does not result from a Third-Party Claim shall be asserted by written notice given by the
        Indemnitee to the related Indemnifying Party. Such Indemnifying Party shall have a period of thirty (30) days after the receipt of such notice within which to respond thereto. If after such thirty (30)-day period, such claim is not
        resolved, Indemnitee shall be free to pursue such remedies as may be available to such party as contemplated by this Agreement. Notwithstanding the foregoing, the failure of an Indemnitee to provide notice in accordance with this Section 3.6(b)
        shall not relieve an Indemnifying Party of its indemnification obligations under this Agreement, except to the extent to which the Indemnifying Party shall demonstrate that it was materially prejudiced by the Indemnitee’s failure to provide notice
        in accordance with this Section 3.6(b).

     

    (c)          In the event of payment by or on behalf of any Indemnifying Party to any Indemnitee in connection with any Third-Party Claim, such
        Indemnifying Party shall be subrogated to and shall stand in the place of such Indemnitee as to any events or circumstances in respect of which such Indemnitee may have any right, defense or claim relating to such Third-Party Claim against any
        claimant or plaintiff asserting such Third-Party Claim or against any other Person. Such Indemnitee shall cooperate with such Indemnifying Party in a reasonable manner, and at the cost and expense of such Indemnifying Party, in prosecuting any
        subrogated right, defense or claim.

     

    
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    (d)          In the event of an Action for which indemnification is sought pursuant to Section 3.2 or 3.3 and in which the
        Indemnifying Party is not a named defendant, if either the Indemnitee or Indemnifying Party shall so request, the Parties shall use commercially reasonable efforts to substitute the Indemnifying Party for the named defendant for the portion of the
        Action related to such indemnification claim.

     

    (e)          In the event that TFMC or TEN establishes a risk accrual in an amount of at least $1,000,000 with respect to any Third-Party Claim
        for which such Party has indemnified the other Party pursuant to Section 3.2 or Section 3.3, as applicable, it shall notify the other Party of the existence and amount of such risk accrual (i.e., when the accrual is recorded in the
        financial statements as an accrual for a potential liability), subject to the Parties entering into an appropriate agreement with respect to the confidentiality and/or privilege thereof.

     

    (f)          Unless otherwise required by applicable Law, the Parties will treat any indemnity payment made pursuant to this Agreement or any
        Ancillary Agreement by TFMC to TEN, or vice versa, in the same manner as if such payment were a non-taxable distribution or capital contribution, as the case may be, made immediately prior to the Distribution, except to the extent that TFMC and TEN
        treat a payment as the settlement of an Intercompany liability; provided, however, that any such payment that is made or received by a Person other than TFMC or TEN, as the case may be, shall be treated as if made or received by the payor or the
        recipient as agent for TFMC or TEN, in each case as appropriate.

     

    (g)          THE RELEASES AND INDEMNIFICATION OBLIGATIONS OF THE PARTIES IN THIS AGREEMENT ARE EXPRESSLY INTENDED, AND SHALL OPERATE AND BE
        CONSTRUED, TO APPLY EVEN WHERE THE LIABILITIES FOR WHICH THE RELEASE AND/OR INDEMNITY ARE GIVEN ARE CAUSED, IN WHOLE OR IN PART, BY THE SOLE, JOINT, JOINT AND SEVERAL, CONCURRENT, CONTRIBUTORY, ACTIVE OR PASSIVE NEGLIGENCE OR THE STRICT LIABILITY
        OR FAULT OF THE PARTY BEING RELEASED OR INDEMNIFIED.

     

    3.7          Survival of Indemnities. The rights and obligations of each of TFMC and TEN and their respective Indemnitees under
      this Article III shall remain operative and in full force and effect indefinitely and shall survive (a) the sale or other transfer by any Party of any Assets or businesses or the assignment by it of any Liabilities, and (b) any merger,
      consolidation, business combination, sale of all or substantially all of the Assets, restructuring, recapitalization, reorganization or similar transaction involving either Party or any of its respective Subsidiaries.

     

    
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    3.8          Right of Contribution.

     

    (a)          Contribution. If any right of indemnification contained in this Article III is held unenforceable or is unavailable for
        any reason, or is insufficient to hold harmless an Indemnitee in respect of any Liability for which such Indemnitee is entitled to indemnification hereunder, then the Indemnifying Party shall contribute to the amounts (including any costs,
        expenses, attorneys’ fees, disbursements and expenses of counsel, expert and consulting fees and costs related thereto or to the investigation or defense thereof) paid or payable by the Indemnitees as a result of such Liability (or actions in
        respect thereof) in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and the members of its Group, on the one hand, and the Indemnitees entitled to contribution, on the other hand, as well as any other
        relevant equitable considerations.

     

    (b)          Allocation of Relative Fault. Solely for purposes of determining relative fault pursuant to this Section 3.8 in
        circumstances in which the indemnification is unavailable because of a fault associated with the business conducted by TFMC, TEN or a member of their respective Group, (i) any fault associated with the business conducted with the TFMC Assets or
        TFMC Liabilities (except for the gross negligence or intentional misconduct of TEN or a member of the TEN Group) or with the ownership, operation or activities of the TFMC Business shall be deemed to be the fault of TFMC and the members of the TFMC
        Group, and no such fault shall be deemed to be the fault of TEN or a member of the TEN Group; and (ii) any fault associated with the business conducted with the TEN Assets or the TEN Liabilities (except for the gross negligence or intentional
        misconduct of TFMC or the members of the TFMC Group) or with the ownership, operation or activities of the TEN Business shall be deemed to be the fault of TEN and the members of the TEN Group, and no such fault shall be deemed to be the fault of
        TFMC or the members of the TFMC Group.

     

    (c)          Contribution Procedures. The provisions of Sections 3.5 and 3.6 shall govern any contribution claims.

     

    3.9          Covenant Not to Sue (Liabilities and Indemnity). Each Party hereby covenants and agrees that none of it, the members
      of such Party’s Group or any Person claiming through it shall bring suit or otherwise assert any claim against any Indemnitee, or assert a defense against any claim asserted by any Indemnitee, before any court, arbitrator, mediator or administrative
      agency anywhere in the world, alleging that: (a) the assumption of any TEN Liabilities by TEN or a member of the TEN Group on the terms and conditions set forth in this Agreement and the Ancillary Agreements is void or unenforceable for any reason;
      (b) the assumption of any TFMC Liabilities by TFMC or a member of the TFMC Group on the terms and conditions set forth in this Agreement and the Ancillary Agreements is void or unenforceable for any reason; or (c) the provisions of this Article
        III are void or unenforceable for any reason.

     

    3.10        No Impact on Third Parties. For the avoidance of doubt, except as expressly set forth in this Agreement, the
      indemnifications provided for in this Article III are made only for purposes of allocating responsibility for Liabilities between the TFMC Group, on the one hand, and the TEN Group, on the other hand, and are not intended to, and shall not,
      affect any obligations to, or give rise to any rights of, any third parties.

     

    3.11        No Cross-Claims or Third-Party Claims. Each of TFMC and TEN agrees that it shall not, and shall not permit the
      members of its respective Group to, in connection with any Third-Party Claim, assert as a counterclaim or third-party claim against any member of the TFMC Group or TEN Group, respectively, any claim (whether sounding in contract, tort or otherwise)
      that arises out of or relates to this Agreement, any breach or alleged breach hereof, the transactions contemplated hereby (including all actions taken in furtherance of the transactions contemplated hereby on or prior to the date hereof), or the
      construction, interpretation, enforceability or validity hereof, which in each such case shall be asserted only as contemplated by Article VI.

     

    
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    3.12        Severability. If any indemnification provided for in this Article III is determined by the sole arbitrator
      or arbitral tribunal (as the case may be) to be invalid, void or unenforceable, the liability shall be apportioned between the Indemnitee and the Indemnifying Party as determined in a separate proceeding in accordance with Article VI.

     

    3.13        Exclusivity. Except as otherwise provided in Section 8.13,
      the sole and exclusive remedy for any and all claims, Liabilities or other matters based upon, relating to or arising from this Agreement or any Ancillary Agreement or the transactions contemplated hereby or thereby shall be the rights of
      indemnification set forth in this Article III, and no Person shall have any other entitlement, remedy or recourse, whether in contract, tort, strict liability, equitable remedy or otherwise, it being agreed that all of such other remedies,
      entitlements and recourse are expressly waived and released by the Parties to the fullest extent permitted by Law. This Section 3.13 shall not operate
      to interfere with or impede the operation of the covenants contained in this Agreement or any Ancillary Agreement, with respect to a Party’s right to seek equitable remedies (including specific performance or injunctive relief).

     

    3.14          Cooperation in Defense and Settlement.

     

    (a)          With respect to any Third-Party Claim that implicates both Parties in a material fashion due to the allocation of Liabilities,
        responsibilities for management of defense and related indemnities pursuant to this Agreement or any of the Ancillary Agreements, the Parties agree to use commercially reasonable efforts to cooperate fully and maintain a joint defense (in a manner
        that will preserve for the Parties the attorney-client privilege, joint defense or other privilege with respect thereto).

     

    (b)          To the extent there are documents, other materials, access to employees or witnesses related to or from a Party that is not
        responsible for the defense or Liability of a particular Action, such Party shall provide to the other Party (at such other Party’s cost and expense) reasonable access to documents, other materials, employees, and shall permit employees, officers
        and directors to cooperate as witnesses in the defense of such Action.

     

    (c)          Each of TFMC and TEN agrees that at all times from and after the Effective Time, if an Action currently exists or is commenced by
        a Third Party with respect to which a Party (or the members of its Group) is a named defendant, but the defense of such Action and any recovery in such Action is otherwise not a Liability allocated under this Agreement or any Ancillary Agreement to
        that Party, then the other Party shall use commercially reasonable efforts to cause the named but not liable defendant to be removed from such Action and such defendants shall not be required to make any payments or contributions therewith. In the
        case of any such Action, (i) if there is a conflict of interest that under applicable rules of professional conduct would preclude legal counsel for one Party or one of its Subsidiaries representing another Party or one of its Subsidiaries or (ii)
        if any Third-Party Claim seeks equitable relief that would restrict or limit the future conduct of the non-responsible Party or one of its Subsidiaries or the business or operations of such non-responsible Party or one of its Subsidiaries, then the
        non-responsible Party shall be entitled to retain, at its expense, separate legal counsel to represent its interest and to participate in the defense, compromise, or settlement of that portion of the Third-Party Claim against that Party or one of
        its Subsidiaries.  Notwithstanding any other provision of this Agreement, TEN agrees to, and shall cause the members of the TEN Group to, take the actions set forth on Schedule 3.14(c).

     

    
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    (d)          TEN agrees (i) that the DPA, including any obligations thereunder, is applicable in full force to TEN and (ii) that pursuant to
        Section 19 of the DPA, the Fraud Section’s (as such term is defined in the DPA) and the Office’s (as such term is defined in the DPA) ability to breach under the DPA is applicable in full force to TEN.

     

    (e)          TEN agrees that it shall, or shall cause the applicable member of the TEN Group to, timely pay any amounts due pursuant to those
        certain Leniency Agreements with the Controladoria Geral Da União (CGU), A Advocacia-Geral Da União (AGU) and Ministério Público Federal in Brazil.

     

    3.15        Insurance Matters.

     

    (a)          Except as otherwise expressly provided in this Section 3.15, the Parties acknowledge and agree that from and after the
        Effective Time, TEN, and each other member of the TEN Group, shall cease to be an insured, and shall not have access to or any rights under, any insurance policies or self-insured programs or related policies or agreements of TFMC and each other
        member of the TFMC Group, regardless of whether such policies were applicable to the TEN Group prior to the Effective Time.  Notwithstanding the foregoing, with respect to events or circumstances relating to the TEN Group that occurred or existed
        prior to the Effective Time that are covered by third party “occurrence-based” liability insurance policies of the TFMC Group (but excluding any self-insured, captive insurance or similar program) under which TEN and each other member of the TEN
        Group were insured on or prior to the Effective Time (the “Shared Policies”), TEN shall have the right (to the extent, if at all, permitted under such policies) to make claims, in each case, subject to the terms and conditions thereof;
        provided that TEN shall bear, and neither TFMC nor any other member of the TFMC Group, shall have any obligation to repay or reimburse TEN for, the amount of any deductibles, self-insured retentions and other out-of-pocket expenses incurred in
        connection with such claims under such occurrence-based policies.  TFMC agrees, at TEN’s request, to reasonably cooperate with TEN in the pursuit of such claims under the Shared Policies, in each case, at TEN’s sole cost and expense.

     

    (b)          After the Effective Time, TEN will acquire its own insurance policies covering the TEN Group and each of their respective
        directors, officers and employees.

     

    (c)          The provisions of this Agreement are not intended to and shall not relieve any insurer of any Liability under any policy.

     

    (d)          No member of the TFMC Group or any TFMC Indemnitee will have any Liability whatsoever as a result of or in relation to the
        insurance policies, including the Shared Policies, as in effect at any time before or after the Effective Time, including as a result of (i) the level or scope of any insurance, (ii) the creditworthiness of any insurance carrier, (iii) the terms
        and conditions of any policy, (iv) the adequacy or timeliness of any notice to any insurance carrier with respect to any claim or potential claim; (v) the administration, pursuit, or collection with respect to any claim; or (vi) the unavailability
        or denial of coverage for any other reason.

     

    
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    (e)          TFMC and the members of the TFMC Group, as applicable, will continue to own all insurance policies, insurance contracts, and other
        related insurance agreements of TFMC and members of the TFMC Group which are or were in effect at any time prior to the Effective Time, including the Shared Policies.  TFMC shall have the right, at its sole discretion and without liability to the
        TEN Group, to amend, terminate, buy-out, release, exhaust, extinguish liability, or otherwise modify any Shared Policies.

     

    (f)          This Agreement shall not be considered as an attempted assignment of any policy of insurance or as a contract of insurance and
        shall not be construed to waive any right or remedy of any members of the TFMC Group in respect of any insurance policy or any other contract or policy of insurance.

     

    (g)          To the extent that any insurance policy provides for the reinstatement of policy limits, and both TFMC and TEN desire to reinstate
        such limits, the cost of reinstatement will be shared by TFMC and TEN as the Parties may agree. If either Party, in its sole discretion, determines that such reinstatement would not be beneficial, that Party shall not contribute to the cost of
        reinstatement.

     

    (h)          For purposes of this Agreement, “Covered Matter” shall mean any matter with respect to which any TEN Indemnitee is entitled to
        pursue coverage under any Shared Policy pursuant to Section 3.15(a).  If TEN receives notice or otherwise learns of any Covered Matter, TEN shall promptly give TFMC written notice thereof. Any such notice shall describe the Covered Matter
        in reasonable detail. With respect to each Covered Matter and any Joint Claim, TEN shall have sole responsibility for reporting the claim to the insurance carrier and will provide a copy of such report to TFMC. 

     

    (i)          Each of TEN and TFMC will share such information as is reasonably necessary in order to permit the other Party to manage and
        conduct its insurance matters in an orderly fashion and provide the other Party with any assistance that is reasonably necessary or beneficial in connection with such Party’s insurance matters.

     

    (j)          The Parties acknowledge that the terms and conditions of the policies re-insured by the Insurance Vehicle provide that upon the occurrence of the Effective Time, a
      five (5) year extended reporting period for TFMC and TEN will commence.  From and after the Effective Time, both the members of the TFMC Group and the members of TEN Group may make claims to the Insurance Vehicle that shall be evaluated and paid in
      good faith in accordance with the terms and conditions of the policies re-insured by the Insurance Vehicle at the Effective Time.  If payments by the Insurance Vehicle in any policy period exceed Euro 25,000,000 then the additional layers of excess
      coverage will drop down.  From and after the Effective Time, (i) TEN shall cause the accounts of the Insurance Vehicle to remain actuarially sound and, if necessary, shall make period contributions to the Insurance Vehicle in connection therewith and
      (ii) TFMC shall have no obligations with respect to the Insurance Vehicle, including no obligation to make contributions to the Insurance Vehicle.

     

    
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    3.16          Guarantees, Letters of Credit and Other Obligations.

     

    (a)          On or prior to the Effective Time or as soon as practicable thereafter, TFMC shall (with the reasonable cooperation of the
        applicable members of the TFMC Group) use its commercially reasonable efforts to have any members of the TEN Group removed as guarantor of or obligor for any TFMC Liability. On or prior to the Effective Time or as soon as practicable thereafter,
        TEN shall (with the reasonable cooperation of the applicable members of the TEN Group) use its commercially reasonable efforts to have any members of the TFMC Group removed as guarantor of or obligor for any TEN Liabilities.

     

    (b)          On or prior to the Effective Time or as soon as practicable thereafter, (i) to the extent required to obtain a release from a
        guarantee, letter of credit or other obligation of any member of the TEN Group with respect to TFMC Liabilities, TFMC shall execute a substitute document in the form of any such existing guarantee or letter of credit, as applicable, or such other
        form as is agreed to by the relevant parties to such guarantee agreement, letter of credit or other obligation, except to the extent that such existing guarantee contains representations, covenants or other terms or provisions either (A) with which
        TFMC would be reasonably unable to comply or (B) which would be reasonably expected to be breached and (ii) to the extent required to obtain a release from a guarantee, letter of credit or other obligation of any member of the TFMC Group with
        respect to TEN Liabilities, TEN shall execute a substitute document in the form of any such existing guarantee or letter of credit, as applicable, or such other form as is agreed to by the relevant parties to such guarantee agreement, letter of
        credit or other obligation, except to the extent that such existing guarantee contains representations, covenants or other terms or provisions either (A) with which TEN would be reasonably unable to comply or (B) which would be reasonably expected
        to be breached.

     

    (c)          If the Parties are unable to obtain, or to cause to be obtained, any such required removal as set forth in clauses (a) and (b) of
        this Section 3.16, (i) with respect to TFMC Liabilities, (A) TFMC shall, and shall cause the other members of the TFMC Group to, indemnify, defend and hold harmless each of the TEN Indemnitees from and against any Liability arising from or
        relating to such guarantee, letter of credit or other obligation, as applicable, and shall, as agent or subcontractor for the applicable TEN Group guarantor or obligor, pay, perform and discharge fully all of the obligations or other Liabilities of
        such guarantor or obligor thereunder, and (B) TFMC shall not, and shall cause the other members of the TFMC Group not to, agree to renew or extend the term of, increase any obligations under, or transfer to a third Person, any loan, guarantee,
        letter of credit, lease, contract or other obligation for which a member of the TEN Group is or may be liable unless all obligations of the members of the TEN Group with respect thereto are thereupon terminated by documentation satisfactory in form
        and substance to TEN in its sole and absolute discretion and (ii) with respect to TEN Liabilities, (A) TEN shall, and shall cause the other members of the TEN Group to, indemnify, defend and hold harmless each of the TFMC Indemnitees for any
        Liability arising from or relating to such guarantee, letter of credit or other obligation, as applicable, and shall, as agent or subcontractor for the applicable TFMC Group guarantor or obligor, pay, perform and discharge fully all of the
        obligations or other Liabilities of such guarantor or obligor thereunder, and (B) TEN shall not, and shall cause the other members of the TEN Group not to, agree to renew or extend the term of, increase any obligations under, or transfer to a third
        Person, any loan, guarantee, letter of credit, lease, contract or other obligation for which a member of the TFMC Group is or may be liable unless all obligations of the members of the TFMC Group with respect thereto are thereupon terminated by
        documentation satisfactory in form and substance to TFMC in its sole and absolute discretion.

     

    
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    ARTICLE IV.

    EXCHANGE OF INFORMATION; CONFIDENTIALITY 

     

    4.1          Agreement for Exchange of Information. Except as otherwise provided in any Ancillary Agreement, each of TFMC and
      TEN, on behalf of itself and the members of its respective Group, shall use commercially reasonable efforts to provide or make available, or cause to be provided or made available, to the other Party, at any time before or after the Effective Time,
      as soon as reasonably practicable after written request therefor, any Information (or a copy thereof) in the possession or under the control of either Party or any of the members of its Group to the extent that: (i) such Information relates to the
      TEN Business or any TEN Asset or TEN Liability, if TEN is the requesting party, or to the TFMC Business or any TFMC Asset or TFMC Liability, if TFMC is the requesting party; (ii) such Information is required by the requesting party to comply with its
      obligations under this Agreement or any Ancillary Agreement; or (iii) such Information is required by the requesting party to comply with any obligation imposed by any Governmental Entity; provided, however, that, in the event that the Party to whom
      the request has been made determines that any such provision of Information could be commercially detrimental, violate any Law or agreement or waive any attorney-client privilege, then the Parties shall use commercially reasonable efforts to permit
      compliance with such obligations to the extent and in a manner that avoids any such harm or consequence. The Party providing Information pursuant to this Section 4.1 shall only be obligated to
      provide such Information in the form, condition and format in which it then exists and in no event shall such Party be required to perform any improvement, modification, conversion, updating or reformatting of any such Information, and nothing in
      this Section 4.1 shall expand the obligations of the Parties under Section 4.4.

     

    4.2          Ownership of Information. Any Information owned by one Group that is provided to a requesting Party pursuant to Section

      4.1 or 4.7 shall remain the property of the providing Party. Unless specifically set forth herein, nothing contained in this Agreement shall be construed as granting or conferring rights of
      license or otherwise in any such Information.

     

    4.3          Compensation for Providing Information. The Party requesting Information agrees to reimburse the other Party for the
      reasonable out-of-pocket costs, if any, of gathering, copying, transporting and otherwise complying with the request with respect to such Information (including any costs and expenses incurred in any review of Information for purposes of protecting
      the privileged Information of the providing Party or in connection with the restoration of backup media for purposes of providing the requested Information). Except as may be otherwise specifically provided elsewhere in this Agreement, any Ancillary
      Agreement or any other agreement between the Parties, such costs shall reflect the providing Party’s actual costs and expenses.

     

    
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    4.4          Record Retention.

    

    

    (a)          The Parties agree and acknowledge that following the Effective Time, it is likely that each Party will have some of the Tangible
        Information of the other Party stored at its facilities or at Third Party records storage locations arranged for by such Party (each, a “Records Facility”) and the cost of any Third Party Records Facility where Tangible Information belonging
        to both members of the TFMC Group, on the one hand, and members of the TEN Group, on the other hand, is stored shall be split equitably between the TFMC Group and the TEN Group.

     

    (b)          For a period of ten (10) years following the Effective Time, each Party shall use the same degree of care (but no less than a
        reasonable degree of care) as it takes to preserve confidentiality for its own similar Information: (i) to maintain the Stored Records at its Record Facility in accordance with its regular records retention policies and procedures and the terms of
        this Section 4.4; and (ii) to comply with the requirements of any “litigation hold” that relates to Stored Records at its Record Facility that relates to (x) any Action that is pending as of the Effective Time or (y) any Action that arises
        or becomes threatened or reasonably anticipated after the Effective Time as to which the Party storing such Stored Records has received a written notice of the applicable “litigation hold” from the other Party; provided, that such other Party shall
        be obligated to provide the Party storing such Stored Records with timely notice of the termination of such “litigation hold.”

     

    4.5          Limitations of Liability. No Party shall have any liability to any other Party relating to or arising out of (a) any
      Information exchanged or provided pursuant to Section 4.1 that is found to be inaccurate in the absence of willful misconduct by the Party providing such Information or (b) the destruction of
      any Information after commercially reasonable efforts by such Party to comply with the provisions of Section 4.4.

     

    4.6          Other Agreements Providing for Exchange of Information.

     

    (a)          The rights and obligations granted under this Article IV are subject to any specific limitations, qualifications or
        additional provisions on the sharing, exchange, retention or confidential treatment of Information set forth herein or any Ancillary Agreement.

     

    (b)          Either Party that receives, pursuant to a request for Information in accordance with this Article IV, Tangible Information
        that is not relevant to its request shall (i) return it to the providing Party or, at the providing Party’s request, destroy such Tangible Information and (ii) deliver to the providing Party a certificate certifying that such Tangible Information
        was returned or destroyed, as the case may be, which certificate shall be signed by an authorized Representative of the requesting Party.

     

    (c)          When any Tangible Information provided by one Party to the other Party (other than Tangible Information provided pursuant to Section

          4.4) is no longer needed for the purposes contemplated by this Agreement or any Ancillary Agreement or is no longer required to be retained by applicable Law, the receiving Party shall promptly, after request of the other Party, either return
        to the other Party all Tangible Information in the form in which it was originally provided (including all copies thereof and all notes, extracts or summaries based thereon) or, if the providing Party has requested that the other Party destroy such
        Tangible Information, certify to the other Party that it has destroyed such Tangible Information (and such copies thereof and such notes, extracts or summaries based thereon); provided, that this obligation to return or destroy such Tangible
        Information shall not apply to any Tangible Information solely related to the receiving Party’s business, Assets, Liabilities, operations or activities.

     

    
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    4.7          Auditors and Audits.

     

    (a)          Until the first TEN fiscal year end occurring after the Effective Time and for a reasonable period of time afterwards as required
        for each Party to prepare consolidated financial statements or complete a financial statement audit for the fiscal year during which the Distribution Date occurs, each Party shall provide or provide access to the other Party on a timely basis, all
        information reasonably required to meet its schedule for the preparation, printing, filing, and public dissemination of its annual financial statements and for management’s assessment of the effectiveness of its disclosure controls and procedures
        and its internal control over financial reporting in accordance with, as applicable, Items 307 and 308, respectively, of Regulation S-K promulgated by the SEC and, to the extent applicable to such Party, its auditor’s audit of its internal control
        over financial reporting and management’s assessment thereof in accordance with Section 404 of the Sarbanes-Oxley Act of 2002 and the SEC’s and Public Company Accounting Oversight Board’s rules and auditing standards thereunder.

     

    (b)          Until the first TEN fiscal year end occurring after the Effective Time and for a reasonable period of time afterwards as required
        for each Party to prepare consolidated financial statements or complete a financial statement audit for the fiscal year during which the Distribution Date occurs, each Party shall provide or provide access to the other Party on a timely basis, all
        information reasonably required to meet its schedule for the preparation, printing, filing, and public dissemination of its annual financial statements and for management’s assessment of the effectiveness of its risk management and control system
        in accordance with International Financial Reporting Standards as applied in the European Union and Article 2:362(9) of the Dutch Civil Code and Article 5:25c of the Financial Markets Supervision Act and, to the extent applicable to such Party, its
        auditor’s audit of TEN’s consolidated financial statements in accordance with International Financial Reporting Standards as applied in the European Union, Title 9 of Book 2 of the Dutch Civil Code and rules and auditing standards thereunder.

     

    (c)          In the event a Party restates any of its financial statements that include such Party’s audited or unaudited financial statements
        with respect to any balance sheet date or period of operation as of the end of and for the 2021 fiscal year and the four (4) year period ending December 31, 2021, such Party will deliver to the other Party a substantially final draft, as soon as
        the same is prepared, of any report to be filed by such first Party with the AFM, the AMF or the SEC that includes such restated audited or unaudited financial statements (the “Amended Financial Report”); provided, however, that such first
        Party may continue to revise its Amended Financial Report prior to its filing thereof with the AFM, the AMF or the SEC, which changes will be delivered to the other Party as soon as reasonably practicable; provided, further, however, that such
        first Party’s financial personnel will actively consult with the other Party’s financial personnel regarding any changes which such first Party may consider making to its Amended Financial Report and related disclosures prior to the anticipated
        filing of such report with the AFM, the AMF or the SEC, with particular focus on any changes which would have an effect upon the other Party’s financial statements or related disclosures. Each Party will reasonably cooperate with, and permit and
        make any necessary employees available to, the other Party, in connection with the other Party’s preparation of any Amended Financial Reports.

     

    
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    4.8          Privileged Matters.

     

    (a)          The Parties recognize that legal and other professional services that have been and shall be provided prior to the Effective Time
        have been and shall be rendered for the collective benefit of each of the members of the TFMC Group and the TEN Group, and that each of the members of the TFMC Group and the TEN Group should be deemed to be the client with respect to such services
        for the purposes of asserting all privileges and immunities that may be asserted under applicable Law in connection therewith. The Parties recognize that legal and other professional services will be provided after the Effective Time, which
        services will be rendered solely for the benefit of the TFMC Group or the TEN Group, as the case may be.

     

    (b)          The Parties agree as follows:

     

    (i)          TFMC shall be entitled, in perpetuity, to control the assertion or waiver of all privileges and immunities in
        connection with any Privileged Information, other than such Privileged Information that relates solely to the TEN Business or TEN Liabilities, whether or not the Privileged Information is in the possession or under the control of a member of the
        TFMC Group or the TEN Group, and TEN Group agrees not to disclose any such Privileged Information to any Third Party;

     

    (ii)         TEN shall be entitled, in perpetuity, to control the assertion or waiver of all privileges and immunities in
        connection with any Privileged Information that relates solely to the TEN Business, whether or not the Privileged Information is in the possession or under the control of a member of the TFMC Group or the TEN Group; TEN shall also be entitled, in
        perpetuity, to control the assertion or waiver of all privileges and immunities in connection with any Privileged Information that relates solely to any TEN Liabilities resulting from any Actions that are now pending or may be asserted in the
        future, whether or not the Privileged Information is in the possession or under the control of a member of the TFMC Group or the TEN Group; and

     

    (iii)        If the Parties do not agree as to whether certain information is Privileged Information, then such information
        shall be treated as Privileged Information, and the Party that believes that such information is Privileged Information shall be entitled to control the assertion or waiver of all privileges and immunities in connection with any such information
        until such time as it is finally judicially determined that such information is not Privileged Information or unless the Parties otherwise agree. The Parties shall use the procedures set forth in Article VI to resolve any Disputes as to
        whether any information relates solely to the TFMC Business, solely to the TEN Business, or to both the TFMC Business and the TEN Business.

     

    (c)          Subject to Sections 4.8(d) and 4.8(e), the Parties agree that they shall have a shared privilege or immunity with
        respect to all privileges not allocated pursuant to Section 4.8(b) and all privileges and immunities relating to any Actions or other matters that involve both Parties (or one or more members of their respective Group) and in respect of
        which both Parties have Liabilities under this Agreement, and that no such shared privilege or immunity may be waived by either Party without the written consent of the other Party.

     

    
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    (d)          If any dispute arises between the Parties, or any member of their respective Group, regarding whether a privilege or immunity
        should be waived to protect or advance the interests of either Party and/or any member of their respective Group, each Party agrees that it shall: (i) negotiate with the other Party in good faith, (ii) endeavor to minimize any prejudice to the
        rights of the other Party and (iii) not unreasonably withhold consent to any request for waiver by the other Party. Further, each Party specifically agrees that it shall not withhold its consent to the waiver of a privilege or immunity for any
        purpose except to protect its own legitimate interests.

     

    (e)          Upon receipt by any member of the TEN Group of any subpoena, discovery or other request that may reasonably be expected to result
        in the production or disclosure of Information subject to a shared privilege or immunity or as to which TFMC or any of its Subsidiaries has the sole right hereunder to assert a privilege or immunity, or if TEN obtains knowledge that any of its, or
        any member of the TEN Group’s, current or former directors, officers, agents or employees have received any subpoena, discovery or other requests that may reasonably be expected to result in the production or disclosure of such Privileged
        Information, TEN shall promptly provide written notice to TFMC of the existence of the request (which notice shall be delivered to TFMC no later than five (5) Business Days following the receipt of any such subpoena, discovery or other request) and
        shall provide TFMC a reasonable opportunity to review the Information and to assert any rights it or they may have, including under this Section 4.8 or otherwise, to prevent the production or disclosure of such Privileged Information.

     

    (f)          Upon receipt by any member of the TFMC Group of any subpoena, discovery or other request that may reasonably be expected to result
        in the production or disclosure of Information subject to a shared privilege or immunity or as to which TEN or any member of the TEN Group has the sole right hereunder to assert a privilege or immunity, or if TFMC obtains knowledge that any of its,
        or any member of the TFMC Group’s, current or former directors, officers, agents or employees have received any subpoena, discovery or other requests that may reasonably be expected to result in the production or disclosure of such Privileged
        Information, TFMC shall promptly provide written notice to TEN of the existence of the request (which notice shall be delivered to TEN no later than five (5) Business Days following the receipt of any such subpoena, discovery or other request) and
        shall provide TEN a reasonable opportunity to review the Information and to assert any rights it or they may have, including under this Section 4.8 or otherwise, to prevent the production or disclosure of such Privileged Information.

     

    
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    (g)          Any furnishing of, or access to, Information pursuant to this Agreement and the transfer of the Assets and retention of the TEN
        Assets by TEN are made and done in reliance on the agreement of the Parties set forth in this Section 4.8 and in Section 4.9 to maintain the confidentiality of Privileged Information and to assert and maintain all applicable
        privileges and immunities. The Parties agree that their respective rights to any access to information, witnesses and other Persons, the furnishing of notices and documents and other cooperative efforts between the Parties contemplated by this
        Agreement, and the transfer of Privileged Information between the Parties and members of their respective Group pursuant to this Agreement, shall not be deemed a waiver of any privilege that has been or may be asserted under this Agreement or
        otherwise. The Parties further agree that: (i) the exchange or retention by one Party to the other Party of any Privileged Information that should not have been transferred or retained, as the case may be, pursuant to the terms of this Article
          IV shall not be deemed to constitute a waiver of any privilege or immunity that has been or may be asserted under this Agreement or otherwise with respect to such Privileged Information; and (ii) the Party receiving or retaining such
        Privileged Information shall promptly return or transfer, as the case may be, such Privileged Information to the Party who has the right to assert the privilege or immunity.

     

    (h)          In furtherance of, and without limitation to, the Parties’ agreement under this Section 4.8, TFMC and TEN shall, and shall
        cause their applicable Subsidiaries to, use reasonable efforts to maintain their respective separate and joint privileges and immunities, including by executing joint defense and/or common interest agreements where necessary or useful for this
        purpose.

     

    4.9          Confidentiality.

     

    (a)          Confidentiality. From and after the Effective Time, subject to Section 4.10 and except as contemplated by or
        otherwise provided in this Agreement or any Ancillary Agreement, TFMC, on behalf of itself and each of its Subsidiaries, and TEN, on behalf of itself and each of its Subsidiaries, agrees to hold, and to cause its respective Representatives to hold,
        in strict confidence, with at least the same degree of care that applies to TFMC’s confidential and proprietary information pursuant to policies in effect as of the Effective Time, all confidential or proprietary Information concerning the other
        Party (or its business) and the other Party’s Subsidiaries (or their respective businesses) that is either in its possession (including confidential or proprietary Information in its possession prior to the Effective Time) or furnished by the other
        Party or the other Party’s Subsidiaries or their respective Representatives at any time pursuant to this Agreement or any Ancillary Agreement, and shall not use any such confidential or proprietary Information other than for such purposes as may be
        expressly permitted hereunder or thereunder, except, in each case, to the extent that such confidential or proprietary Information has been: (i) in the public domain or generally available to the public, other than as a result of a disclosure by
        such Party or any of its Subsidiaries or any of their respective Representatives in violation of this Agreement, (ii) later lawfully acquired from other sources by such Party or any of its Subsidiaries, which sources are not themselves bound by a
        confidentiality obligation or other contractual, legal or fiduciary obligation of confidentiality with respect to such confidential or proprietary Information or (iii) independently developed or generated without reference to or use of the
        respective proprietary or confidential Information of the other Party or any of its Subsidiaries. The foregoing restrictions shall not apply in connection with the enforcement of any right or remedy relating to this Agreement or the Ancillary
        Agreements or the transactions contemplated hereby or thereby. If any confidential or proprietary Information of one Party or any of its Subsidiaries is disclosed to another Party or any of its Subsidiaries in connection with providing services to
        such first Party or any of its Subsidiaries under this Agreement or any Ancillary Agreement, then such disclosed confidential or proprietary Information shall be used only as required to perform such services.

     

    
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    (b)          No Release; Return or Destruction. Each Party agrees not to release or disclose, or permit to be released or disclosed, any
        confidential or proprietary Information of the other Party addressed in Section 4.9(a) to any other Person, except its Representatives who need to know such Information in their capacities as such (who shall be advised of their obligations
        hereunder with respect to such Information), and except in compliance with Section 4.10. Without limiting the foregoing, when any Information furnished by the other Party after the Effective Time pursuant to this Agreement or any Ancillary
        Agreement is no longer needed for the purposes contemplated by this Agreement or any Ancillary Agreement, each Party shall, at its option, promptly after receiving a written notice from the disclosing Party, either return to the disclosing Party
        all such Information in a tangible form (including all copies thereof and all notes, extracts or summaries based thereon) or certify to the disclosing Party that it has destroyed such Information (and such copies thereof and such notes, extracts or
        summaries based thereon); provided, however, that a Party shall not be required to destroy or return any such Information to the extent that (i) the Party is required to retain the Information in order to comply with any applicable Law, (ii) the
        Information has been backed up electronically pursuant to the Party’s standard document retention policies and will be managed and ultimately destroyed consistent with such policies or (iii) it is kept in the Party’s legal files for purposes of
        resolving any dispute that may arise under this Agreement or any Ancillary Agreement.

     

    (c)          Third-Party Information; Privacy or Data Protection Laws. Each Party acknowledges that it and its respective Subsidiaries
        may presently have and, after the Effective Time, may gain access to or possession of confidential or proprietary Information of, or personal Information relating to, Third Parties: (i) that was received under confidentiality or non-disclosure
        agreements entered into between such Third Parties, on the one hand, and the other Party or the other Party’s Subsidiaries, on the other hand, prior to the Effective Time or (ii) that, as between the two parties, was originally collected by the
        other Party or the other Party’s Subsidiaries and that may be subject to and protected by privacy, data protection or other applicable Laws. Each Party agrees that it shall hold, protect and use, and shall cause its Subsidiaries and its and their
        respective Representatives to hold, protect and use, in strict confidence the confidential and proprietary Information of, or personal Information relating to, Third Parties in accordance with privacy, data protection or other applicable Laws and
        the terms of any agreements that were either entered into before the Effective Time or affirmative commitments or representations that were made before the Effective Time by, between or among the other Party or the other Party’s Subsidiaries, on
        the one hand, and such Third Parties, on the other hand.

     

    
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    4.10          Protective Arrangements. In the event that either Party or any of its Subsidiaries is requested or required (by
      oral question, interrogatories, requests for information or documents, subpoena, civil investigative demand or similar process) by any Governmental Entity or pursuant to applicable Law or the rules of any stock exchange on which the shares of the
      Party or any member of its Group are traded to disclose or provide any confidential or proprietary Information of the other Party (other than with respect to any such Information furnished pursuant to the provisions of Section 4.1 or 4.7, as applicable) that is subject to the confidentiality provisions hereof, such Party shall provide the other Party with written notice of such request or demand (to the extent legally
      permitted) as promptly as practicable under the circumstances so that such other Party shall have an opportunity to seek an appropriate protective order, at such other Party’s own cost and expense. In the event that such other Party fails to receive
      such appropriate protective order in a timely manner and the Party receiving the request or demand reasonably determines that its failure to disclose or provide such Information shall actually prejudice the Party receiving the request or demand, then
      the Party that received such request or demand may thereafter disclose or provide Information to the extent required by such Law (as so advised by its counsel) or by lawful process or such Governmental Entity, and the disclosing Party shall promptly
      provide the other Party with a copy of the information so disclosed, in the same form and format so disclosed, together with a list of all Persons to whom such information was disclosed, in each case to the extent legally permitted. Without limiting
      the foregoing, in the event that either Party or any of its Subsidiaries receives an oral question, interrogatories, requests for information or documents, subpoena, civil investigative demand or similar process relating to the DPA or otherwise
      provides information regarding, or in connection with, the DPA to any Governmental Entity, such Party will provide a copy of the proposed response to such request or communication to the other Party at least five (5) days in advance of such response
      and both Parties agree to reasonably cooperate in the drafting of such response or communication. To the extent either Party independently discovers a matter that would potentially result in liability under the DPA for the other Party, such Party
      shall provide prompt notice of the discovery within five (5) days of such discovery, with such notice including the relevant underlying facts of the applicable matter. The Party receiving such notice will have an additional five (5) days following
      receipt of such notice to self-report such matter to the DOJ before the other Party contacts the DOJ to report such matter.

     

    ARTICLE V.

    FURTHER ASSURANCES AND ADDITIONAL COVENANTS 

     

    5.1          Further Assurances.

     

    (a)          In addition to the actions specifically provided for elsewhere in this Agreement, each of the Parties hereto shall use its
        commercially reasonable efforts, prior to, on and after the Effective Time, to take, or cause to be taken, all actions, and to do, or cause to be done, all things reasonably necessary, proper or advisable on its part under applicable Laws,
        regulations and agreements, to consummate and make effective the transactions contemplated by this Agreement and the Ancillary Agreements.

     

    (b)          Without limiting the foregoing, prior to, on and after the Effective Time, each Party hereto shall cooperate with each other Party
        hereto, and without any further consideration, but at the expense of the requesting Party, to execute and deliver, or use its commercially reasonable efforts to cause to be executed and delivered, all instruments, including instruments of
        conveyance, assignment and transfer, and to make all filings with, and to obtain or make any Approvals or Notifications of, any Governmental Entity or any other Person under any permit, license, agreement, indenture or other instrument (including
        any Third Party consents or Governmental Approvals), and to take all such other actions as such Party may reasonably be requested to take by any other Party hereto from time to time, consistent with the terms of this Agreement and the Ancillary
        Agreements, in order to effectuate the provisions and purposes of this Agreement and the Ancillary Agreements and the transfers of the TEN Assets and the assignment and assumption of the TEN Liabilities and the other transactions contemplated
        hereby and thereby. Without limiting the foregoing, each Party shall, at the reasonable request, cost and expense of any other Party, take such other actions as may be reasonably necessary to vest in such other Party all of the transferring Party’s
        right, title and interest to the Assets allocated to such Party by this Agreement or any Ancillary Agreement, in each case, if and to the extent it is practicable to do so.

     

    
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    (c)          On or prior to the Effective Time, TFMC and TEN in their respective capacities as direct and indirect shareholders of their
        respective Subsidiaries, shall each ratify any actions that are reasonably necessary or desirable to be taken by any Subsidiary of TFMC or Subsidiary of TEN, as the case may be, to effectuate the transactions contemplated by this Agreement and the
        Ancillary Agreements.

     

    5.2          Performance. TFMC shall cause to be performed, and hereby guarantees the performance of, all actions, agreements and
      obligations set forth in this Agreement or in any Ancillary Agreement to be performed by any member of the TFMC Group. TEN shall cause to be performed, and hereby guarantees the performance of, all actions, agreements and obligations set forth in
      this Agreement or in any Ancillary Agreement to be performed by any member of the TEN Group. Each Party (including its permitted successors and assigns) further agrees that it shall (a) give timely notice of the terms, conditions and continuing
      obligations contained in this Section 5.2 to all of the other members of its Group, and (b) cause all of the other members of its Group not to take, or omit to take, any action which action or
      omission would violate or cause such Party to violate this Agreement or any Ancillary Agreement or materially impair such Party’s ability to consummate the transactions contemplated hereby or thereby.

     

    5.3          Certain Restrictions and Non-Solicitation Provisions.

     

    (a)          As an essential consideration for the obligations of the other Parties under this Agreement and the Ancillary Agreements, and in
        contemplation of the consummation of the Transactions, each of TFMC and TEN hereby agrees that, from the date hereof until the 5th anniversary of the Distribution Date:

     

    (i)          TFMC shall not, and it shall ensure that no member of its Group will, acquire or partner with any Person other than TEN with respect to
      engineering, procurement or construction activities relating to refining, liquified natural gas (LNG), petrochemicals, fertilizers, offshore fixed platforms, floating platforms or production units, or other floating structures (including, for
      example, mounting of wind turbines, hydrogen facilities & CO2 facilities etc), terrestrial renewables facilities (including but not limited to biofuels, waste-to-plastic, wind farms, hydrogen facilities,
      solar) and carbon capture, utilization and storage (CCUS) (the “TFMC Restricted Activities”), provided that, for the avoidance of doubt, nothing shall restrict TFMC or any member of its Group from participating in any manner whatsoever in any
      submission, proposal, offer or project with a Person other than TEN who is engaged in TFMC Restricted Activities, as long as the scope of the participation of TFMC or the relevant member of its Group in any such submission, proposal, offer or project
      on a stand-alone basis (i.e., without taking into account the contribution of such other Person) does not include TFMC Restricted Activities; and

     

    
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    (ii)         TEN shall not, and it shall ensure that no member of its Group will,  acquire or partner
        with any Person other than TFMC with respect to manufacturing or engineering, procurement, construction and installation activities relating to Surface Technologies, Subsea (any activity below the surface of the water and offshore ancillary
      equipment) transition and renewable energy (including but not limited to wind, wave, tidal, subsea hydrogen storage and transportation, subsea carbon storage, injection and transportation, subsea field electrification), subsea mining, geothermal, or
      offshore & Subsea integrated projects (iEPCI) (collectively, the “TEN Restricted Activities”), provided that, for the avoidance of doubt, nothing in this provision shall restrict TEN or any member of its Group from participating in any
      manner whatsoever in any submission, proposal, offer or project with a Person other than TFMC who is engaged in TEN Restricted Activities, as long as the scope of the participation of TEN or the relevant member of its Group in any such submission,
      proposal, offer or project on a stand-alone basis (i.e., without taking into account the contribution of such other Person) does not include TEN Restricted Activities. With respect to its Genesis business (or any successor thereof), TEN shall not,
      and it shall ensure that no members of its Group will, permit such business to acquire or partner with a competitor of TFMC for vendor-based studies or solutions, it being acknowledged and agreed that the continuation of Genesis’ existing agnostic
      studies business (but not its existing vendor-based studies) shall not be deemed a violation of this provision.

     

    Except as otherwise noted in this Section 5.3, each of the Parties agrees that this Agreement shall not include any noncompetition or other similar restrictive arrangements with respect to the range of business
      activities that may be conducted, or investments that may be made, by the TFMC Group or the TEN Group.

     

    (b)          After the Distribution Date until the second anniversary thereof, TFMC and TEN shall not, and shall cause each other member of their respective Group and any
      employment agencies acting on their respective behalf not to, solicit, recruit or hire, without the express written consent of an authorized representative of the other Group, any Person who is employed by any member of the other Group at the time of
      such solicitation, recruitment or hiring. Notwithstanding the foregoing, this prohibition on solicitation, recruitment and hiring does not apply to the solicitation, recruitment or hiring of a Person that a Party has demonstrated is primarily as a
      result of that Person’s affirmative response to a general recruitment effort carried out through a public solicitation or general solicitation that does not specifically target any Person who was employed by a member of the other Party after the
      Distribution Date.

     

    (c)          It is the intention of each of the Parties that if any of the restrictions or covenants contained in this Section 5.3 is held by a court of competent
      jurisdiction to cover a geographic area or to be for a length of time that is not permitted by applicable Law, or is in any way construed by a court of competent jurisdiction to be too broad or to any extent invalid, such provision shall not be
      construed to be null, void and of no effect, but to the extent such provision would be valid or enforceable under applicable Law, a court of competent jurisdiction shall construe and interpret or reform this Section 5.3 to provide for a
      covenant having the maximum enforceable geographic area, time period and other provisions (not greater than those contained in this Section 5.3) as shall be valid and enforceable under such Law. Each of TFMC and TEN acknowledges that any
      breach of the terms, conditions or covenants set forth in this Section 5.3 shall be competitively unfair and may cause irreparable damage to the other Party because of the special, unique, unusual and extraordinary character of the business
      of TFMC and TEN, respectively, and the recovery of damages at Law will not be an adequate remedy. Accordingly, each of the Parties agrees that for any breach of the terms, covenants or agreements of this Section 5.3, a restraining order or an
      injunction or both may be issued against the breaching Party, in addition to any other rights or remedies a non-breaching Party may have.

     

    
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    (d)          Except as expressly provided herein, or in the Ancillary Agreements, the Parties hereby acknowledge and agree that if any Person
        that is a member of a Group, including any officer or director thereof, acquires knowledge of a potential transaction or matter that may be a corporate opportunity for either or both Group, the other Group shall not have an interest in, or
        expectation that such opportunity be offered to it or that it be offered an opportunity to participate therein, and any such expectation with respect to such opportunity, is hereby renounced by such Group. Accordingly, except as expressly provided
        herein, or in the Ancillary Agreements, neither Group will be under any obligation to present, communicate or offer any such opportunity to the other Group and (ii) each Group has the right to hold any such opportunity for its own account, or to
        direct, recommend, sell, assign or otherwise transfer such opportunity to any Person or Persons other than the other Group, and, to the fullest extent permitted by Law, neither Group shall have or be under any duty to the other Group and shall not
        be liable to the other Group for any breach or alleged breach thereof or for any derivation of personal economic gain by reason of the fact that such Group or any of its officers or directors pursues or acquires the opportunity for itself, or
        directs, recommends, sells, assigns or otherwise transfers the opportunity to another Person, or such Group does not present, offer or communicate information regarding the opportunity to the other Group.

     

    (e)          For the purposes of this Section 5.3, “corporate opportunities” of a Group shall include business opportunities that such
        Group is financially able to undertake, that are, by their nature, in a line of business of such Group, are of practical advantage to it and are ones in which any member of the Group has an interest or a reasonable expectancy, and in which, by
        embracing the opportunities, the self-interest of a Person or any of its officers or directors will be brought into conflict with that of such Group.

     

    5.4          Mail Forwarding. TFMC agrees that following the Effective Time it shall use its commercially reasonable efforts to
      forward to TEN any correspondence relating to the TEN Business (or a copy thereof to the extent such correspondence relates to both the TFMC Business and the TEN Business) that is delivered to TFMC and TEN agrees that following the Effective Time it
      shall use its commercially reasonable efforts to forward to TFMC any correspondence relating to the TFMC Business (or a copy thereof to the extent such correspondence relates to both the TFMC Business and the TEN Business) that is delivered to TEN.

     

    5.5          Non-Disparagement. Each of the Parties shall not, and shall cause their respective Group and their respective
      officers and employees not to, make, or cause to be made, any statement or communicate any information (whether oral or written) that disparages the other Group or any of their respective officers, directors or employees.

     

    5.6          Order of Precedence. The Parties acknowledge and confirm that, notwithstanding anything to the contrary in the
      Transfer Documents, (i) to the extent that any provision of the Transfer Documents conflicts with this Agreement, this Agreement shall be deemed to control with respect to the subject matter thereof and (ii) the Transfer Documents shall not be deemed
      in any way to amend, expand, restrict or otherwise modify such parties’ rights and obligations set forth in this Agreement.

     

    
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    5.7          TFMC Specified Marks.

     

    (a)          Notwithstanding any inference or prior course of conduct to the contrary and except as provided in this Section 5.7 or in
        the Trademark Matters Agreement:

     

    (i)          TEN acknowledges and agrees that the TFMC Specified Marks are owned solely by the TFMC Group, and that none of
        the TEN Group shall have any right, title or interest in and to the TFMC Specified Marks; and

     

    (ii)         following the Separation, the TEN Group shall not: (A) use any of the TFMC Specified Marks; (B) seek
        to register any TFMC-Formative Marks, (C) challenge any rights of the TFMC Group in any TFMC-Formative Marks or their rights to register the same; (D) challenge the validity or enforceability of any of the TFMC-Formative Marks; or (E) assist any
        third party in connection with any of the foregoing.

     

    (b)          In furtherance of TEN’s obligations in Section 5.7(a) above, as soon as possible following the Separation but not later
        than 180 days thereafter, the TEN Group shall remove and change signage, change and substitute promotional or advertising material in whatever medium, change stationery and packaging and take all such other steps as may be required or appropriate
        to cease all use of the TFMC Specified Marks; provided, however, that the TEN Group shall not be in violation of this Section 5.7 by reason of:

     

    (i)          the appearance of the TFMC Specified Marks in or on any tools, dies, equipment, engineering/manufacturing
        drawings, manuals, work sheets, operating procedures, other written materials or other TEN Assets that are used for internal purposes only in connection with the TEN Business; provided that TEN reasonably endeavors to remove such appearances of the
        TFMC Specified Marks in the ordinary course of the operation of the TEN Business; or

     

    (ii)         the appearance of the TFMC Specified Marks in or on any third party’s publications, marketing materials,
        brochures, instruction sheets, equipment or products that were distributed in the ordinary course of business or pursuant to a Contract prior to the Separation, and that generally are in the public domain, or any other similar uses by any such
        third party over which none of the TEN Group have control; or

     

    (iii)        the use by the TEN Group of the TFMC Specified Marks in a non-trademark manner for purposes of notifying
        customers or the general public of the Separation.

     

    5.8          Transfer of TEN Securities by TFMC.

     

    (a)          Prior to the date that is sixty (60) days after the Distribution Date, TFMC shall not, without TEN’s prior written consent,
        Transfer any TEN Securities.

     

    
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    (b)          Prior to the occurrence of a TEN Change of Control, TFMC shall not, without TEN’s prior written consent, Transfer any TEN
        Securities to any TEN Competitor provided, however, that this clause (b) shall not limit TFMC from selling TEN Securities on Euronext Paris or any other securities exchange on which TEN Securities become listed as long as TFMC does not know that
        the counterparty to the transaction is a TEN Competitor; provided further, that in respect of any accelerated book build (“ABB”) regarding TEN Securities by TFMC, so long as TFMC has delivered allocation principles to the managers acting on
        behalf of TFMC in respect of the ABB in accordance with Directive 2014/65/EU of the European Parliament and of the Council of May 15, 2014 that all orders by TEN Competitors should be refused, TFMC shall be deemed to have complied with this clause
        (b).

     

    (c)          Prior to the occurrence of a TEN Change of Control, TFMC shall not, without TEN’s prior written consent, knowingly Transfer TEN
        Securities in one or a series of privately-negotiated trades through an ABB, Fully Marketed Offering (as defined below) or off-market sale (i) to a Person who would, upon the completion of such trade, beneficially own 10% or more of the TEN
        Securities or (ii) that would trigger a mandatory public tender offer in accordance with both (A) the Decree on Public Offers (Besluit openbare biedingen Wft) and (B) the French Monetary and Financial Code (Code monétaire
        et financier); provided, however that in the event of any conflicting provisions, the Financial Code (Code monétaire et financier) shall control.

     

    (d)          Prior to the occurrence of a TEN Change of Control, TFMC shall not, without TEN’s prior written consent, sell TEN Securities on Euronext Paris or any other
      securities exchange on which TEN Securities become listed in excess of 25% of the average daily trading volume of the TEN Securities for the five trading days preceding the day on which such sale occurs (it being understood and agreed that this
      clause (d) shall not apply to Fully Marketing Offerings or ABBs).

     

    (e)          Until TFMC beneficially owns less than 5% of the TEN Securities, TEN will reasonably cooperate with TFMC to optimize any offering which entails TEN’s involvement in
      the form of a management road show and/or the preparation of a prospectus or similar offering document (a “Fully Marketed Offering”), including by providing reasonable access to information required for a due diligence investigation, comfort
      letters, road shows and marketing, drafting a prospectus or similar offering document, any reasonable requests from any relevant underwriters or advisers including for management involvement in the marketing of the Fully Marketed Offering or being a
      party to an underwriting agreement containing customary provisions including indemnification. The Parties agree to use their commercially reasonable efforts to obtain any regulatory, stock exchange, or other approval required for any Transfer of TEN
      Securities by TFMC.  Any fees and external expenses incurred by book runners, TEN and their advisors as reasonably agreed beforehand by TFMC and specifically incurred in connection with the Fully Marketed Offering will be borne by TFMC, it being
      understood that if such Fully Marketed Offering also includes the sale of primary TEN Securities by TEN at TEN’s request (provided, however, that any such sale of TEN Securities by TEN shall be limited to amounts
        that will not, in the reasonable opinion of TFMC, interfere with or impede the execution of the Fully Marketed Offering), TFMC and TEN will each pay a share of such fees and external expenses on a pro rata basis.

     

    
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    (f)          Until TFMC beneficially owns less than 5% of the TEN Securities, TEN will cooperate with TFMC to optimize any sale of a block of
        TEN Securities beneficially owned by TFMC, including by providing an opportunity to perform a due diligence investigation by a prospective purchaser. Any fees and external expenses incurred by TEN and its advisors as reasonably agreed beforehand by
        TFMC and specifically incurred in connection with such a sale of block of TEN Securities beneficially owned by TFMC will be borne by TFMC.  This due diligence shall include (i) management interviews, (ii) customary issuer representations and
        management representation letters, (iii) a review of the minutes of the TEN Board and (iv) a documentary review relating to such other matters as would be customary and appropriate for transactions of this type, in each case subject to appropriate
        confidentiality arrangements and restrictions.

     

    (g)          Until TFMC beneficially owns less than 5% of the TEN Securities, TEN shall (i) produce, publish and maintain the effectiveness of
        a universal registration document (as defined under the Prospectus Regulation and as set forth in Commission Delegated Regulation (EU) 2019/980 of March 14, 2019 (Commission Delegated Regulation) which can be used, along with a securities note as
        defined in the Prospectus Regulation and as set forth in the Commission Delegated Regulation, for the purpose of making a public offering of TEN Securities in the European Economic Area; (ii) maintain the listing of the TEN Securities on the
        regulated market of Euronext Paris; (iii) maintain the eligibility of the TEN Shares for clearing by Euroclear France, Euroclear Bank SA/NV and Clearstream Banking, S.A.; (iv) procure the customary assistance of the depositary/custodian of the TEN
        Securities to assist in the relevant Transfer; (v) maintain the Level I American Depositary Receipt program in respect of the TEN Securities; and (vi) prepare, publish and file in a timely manner all documents and reports required by the Règlement général of the AMF, the Financial Markets Supervision Act (Wet op het financieel toezicht) of the Netherlands, Regulation (EU) No. 596/2014 of the European Parliament and of the Council of April 16, 2014 and Directive 2004/109/EC of the European Parliament as
        implemented in France and the Netherlands (as applicable to TEN).

     

    (h)          At any time, and from time to time, TEN shall have the right to offer to purchase TEN Securities from TFMC at a price and on terms
        and conditions to be mutually agreed upon by TEN and TFMC.

     

    (i)          At least three (3) Business Days prior to the announcement of any ABB relating to the sale of TEN Securities by TFMC, TFMC shall
        deliver a written notice (the “ABB Notice”) to TEN specifying in reasonable detail the number of TEN Securities TFMC intends to offer in such sale (the “ABB Securities”) and any other material terms and conditions of the proposed ABB.
        At any time prior to the announcement of such ABB, TEN may, in its sole discretion, deliver a written notice to TFMC, which notice shall be binding upon TEN and TFMC, to purchase from TFMC up to (i) a fixed euro amount of TEN Securities or (ii) a
        fixed number of TEN Securities, in either case at the clearing price in the ABB (such TEN Securities, the “Election Securities”). In the event that the number of Election Securities plus the ABB Securities does not exceed the number of TEN
        Securities held by TFMC as of such time, TFMC shall first sell the ABB Securities in the ABB and second, as soon after the consummation of the ABB as is practicable, sell the Election Securities to TEN. In the event that the number of Election
        Securities plus the ABB Securities exceeds the number of TEN Securities held by TFMC as of such time, TFMC shall, subject to applicable Law, instruct the book runners in the ABB to fulfill TEN’s order on a pro rata basis with the orders of other
        investors participating in the ABB.

     

    
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    (j)          At least fifteen (15) Business Days prior to the announcement of a Fully Marketed Offering of TEN Securities by TFMC, TFMC shall
        deliver a written notice (the “FMO Notice”) to TEN stating TFMC’s intention to undertake such Fully Marketed Offering. Within five (5) Business Days of the date on which such FMO Notice is delivered, TEN may deliver a written notice (the “FMO

          Election Notice”) to TFMC requesting that TEN and TFMC engage in discussions regarding a potential purchase by TEN of TEN Securities from TFMC. Upon receipt of such FMO Election Notice, TEN and TFMC shall engage in good faith discussions
        regarding a potential purchase of TEN Securities from TFMC; provided, that if an agreement for the purchase of such TEN Securities is not reached within five (5) Business Days of the date on which the FMO Election Notice is delivered, TFMC
        may proceed with the Fully Marketed Offering on such terms and conditions and for such number of TEN Securities as in its discretion.

     

    5.9          Board Matters.

     

    (a)          For so long as TFMC beneficially owns the applicable percentage of TEN Shares set forth in this sentence, TFMC shall have the right to propose one or two nominees to
      the TEN Board for appointment as non-executive directors (the “Shareholder Nominated Directors”) as follows: (i) two Shareholder Nominated Directors, so long as TFMC beneficially owns at least 18% of the TEN Shares; and (ii) one Shareholder
      Nominated Director, so long as TFCM beneficially owns at least 5% of the TEN Shares but less than 18% of the TEN Shares.  No later than the Distribution Date, TFMC, acting as the sole shareholder of TEN, shall appoint the initial Shareholder
      Nominated Directors to the TEN Board.

     

    (b)          If at any time the number of Shareholder Nominated Directors serving on the TEN Board is less than the total number of Shareholder Nominated Directors TFMC is
      entitled to propose for nomination pursuant to the foregoing sentence, whether due to the death, resignation, retirement, disqualification or removal from office of a Shareholder Nominated Director or for any other reason, TFMC shall be entitled to
      propose for nomination such person’s successor, and the TEN Board shall promptly fill the vacancy with such successor as designated by TFMC, it being understood that any such successor nominee shall serve the remainder of the term of the Shareholder
      Nominated Director whom such nominee replaces in accordance with the TEN’s organizational documents.

     

    (c)          The TEN Board shall make a binding nomination of any Shareholder Nominated Director for appointment as a non-executive director of the TEN Board in the first meeting
      of the TEN general meeting that is convened after receiving TFMC’s proposal for a Shareholder Nominated Director (unless such nominee is appointed by the Board in accordance with Section 5.9(b) and at each subsequent TEN general or special
      meeting at which directors are elected.

     

    (d)          If TFMC’s beneficial ownership of TEN Shares decreases below any percentage threshold set forth in Section 5.9(a), TFMC shall promptly notify TEN and, if
      requested by the TEN Board, cause one or more, as applicable, of the Shareholder Nominated Directors to resign from the TEN Board and any committees thereof on which such Shareholder Nominated Directors serve, such that the remaining number of
      Shareholder Nominated Directors on the TEN Board does not exceed the number that TFMC is then entitled to propose for nomination pursuant to Section 5.9(a).

     

    
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    (e)          Each Shareholder Nominated Director shall be entitled to the same expense reimbursement and advancement, exculpation and indemnification in connection with his or
      her role as a director as the other members of the TEN Board, as well as reimbursement for documented, reasonable out-of-pocket expenses incurred in attending meetings of the TEN Board or any committee of the TEN Board of which such Shareholder
      Nominated Director is a member, in each case to the same extent as the other members of the TEN Board. Each Shareholder Nominated Director shall be also entitled to any retainer, equity compensation or other fees or compensation paid to the
      non-executive directors of TEN for his or her service as a director, including any service on any committee of the TEN Board.  The TEN Board shall give each Shareholder Nominated Director the same due consideration for membership to any committee of
      the TEN Board as any other non-executive director.  For as long as TFMC has the right to a Shareholder Nominated Director, TEN shall not amend its organizational documents, adopt any policies or take any other similar action to frustrate the purpose
      of this Section 5.9.

     

    5.10          Information Rights. Without limiting, and in addition to, the rights of inspection provided under the Dutch
      Corporate Governance Code, for so long as TFMC beneficially owns at least 10% of the outstanding TEN Shares, in order to facilitate TFMC’s (i) compliance with its ongoing financial reporting, audit and other legal and regulatory requirements
      (including its tax, risk management and control procedures) applicable to its beneficial ownership of the TEN Shares and (ii) oversight of its investment in TEN, TEN agrees to provide TFMC with the following, subject to appropriate confidentiality
      arrangements and restrictions:

     

    (a)          half-year financial statements as soon as reasonably practicable after they become available but no later than forty (40) days
        after the end of the applicable reporting period of TEN;

     

    (b)          audited (by a nationally recognized accounting firm) annual financial statements as soon as reasonably practicable after they
        become available but no later than sixty (60) days after the end of each fiscal year of TEN; and

      

     

    (c)          any other financial information or other information reasonably necessary for TFMC to comply with the financial reporting, audit
        and other legal and regulatory requirements (including its tax, risk management and control procedures) applicable to TFMC; provided that any external costs incurred by TEN in connection with the collection and/or provision of such
      information to TFMC will be borne by TFMC.

     

    
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    5.11          Voting Agreement.

     

    

    (a)          Subject to Section 5.11(c), until the earlier of (i) TFMC’s beneficial ownership of TEN Securities decreases below 10% and
        (ii) the occurrence of a TEN Change of Control, at any TEN general or special meeting at which any of the following matters are submitted to a vote of holders of TEN Securities: (A) the election of any directors to the TEN Board, (B) the removal of
        any directors from the TEN Board, (C) compensation of any member of the TEN Board or any executive officer of TEN, (D) remunerations policies, (E) the appointment of any third party auditor of TEN, (F) statutory accounts, (G) annual discharge of
        the members of the TEN Board, or (H) authorization delegated to the TEN Board with respect to any right of TEN to repurchase TEN Securities, issue additional TEN Securities or to exclude any preemptive rights granted in respect of any TEN
        Securities. TFMC shall vote, or cause to be voted, all TEN Securities beneficially owned by TFMC: (x) as recommended by the TEN Board with respect to each such matter or (y) in the same proportion that the TEN Securities not beneficially owned by
        TFMC are voted for or against, or abstains with respect to each such matter.

     

    (b)          Until the earlier of (i) TFMC’s beneficial ownership of TEN Securities decreases below 10% and (ii) the occurrence of a TEN Change
        of Control, at any TEN general or special meeting, TFMC shall be present, in person or by proxy so that all of the TEN Securities beneficially owned by TFMC may be counted for the purposes of determining the presence of the share capital at such
        meeting.

     

    (c)          Until the earliest of (i) the date on which TFMC no longer has beneficial ownership of any TEN Securities, (ii) the occurrence of
        a TEN Change of Control and (iii) the termination of that certain Relationship Agreement (the “Relationship Agreement”) entered into as of the date hereof, by and among TEN, TFMC and Bpifrance Participations SA (“BPI”), (A) at any TEN
        general or special meeting at which the election of any director that has been proposed by BPI pursuant to Section 2.01 of the Relationship Agreement is submitted to a vote of holders of TEN Securities, TFMC shall vote, or cause to be voted, all
        TEN Securities held by TFMC in favor of the election of each such director and (B) at any TEN general or special meeting, TFMC shall be present, in person or by proxy so that all of the TEN Securities beneficially owned by TFMC may be counted for
        the purposes of determining the presence of the share capital at such meeting.

     

    5.12          Standstill.

     

    (a)          Until TFMC beneficially owns less than 5% of the TEN Securities, TFMC will not, directly or indirectly, without the prior written
        consent of TEN:

     

    (i)          effect, offer or seek to effect, propose to TEN or the TEN Board (in a manner that could result in public
        disclosure) to effect, cause or participate in, or in any way assist, encourage or facilitate any other Person to effect or seek, offer or propose to effect or participate in, with or without conditions, any TEN Change of Control, acquisition of,
        or merger, amalgamation, recapitalization, reorganization, business combination or other extraordinary transaction involving TEN or any Subsidiary thereof or any of its or their respective securities or assets;

     

    (ii)          call, or seek to call, a general or special meeting of the TEN shareholders or initiate any shareholder
        proposal for action by the TEN shareholders;

     

    (iii)        form, join or in any way participate in a Group (as defined in Section 13(d)(3) of the Securities Exchange Act
        of 1934, as amended) for the purpose of voting, acquiring, holding, or disposing of any TEN Securities;

     

    
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    (iv)        make, or in any way participate, directly or indirectly, in any “solicitation” of “proxies,” “consents” or
        “authorizations” to vote, or seek to advise or influence any person with respect to the voting of, any TEN Securities;

     

    (v)         nominate candidates for election to the TEN Board or otherwise seek representation on the TEN Board (except as
        expressly set forth in this Agreement);

     

    (vi)        publicly seek to, alone or in concert with others, control, advise, change or influence the management of TEN
        or any of its Subsidiaries, the TEN Board or the governance or policies of TEN or any of its Subsidiaries;

     

    (vii)       publicly seek to effect any material changes in the capitalization structure of TEN;

     

    (viii)      publicly propose to or seek to effect any amendment or modification to the constituent documents of TEN;

     

    (ix)        acquire, offer to acquire or agree to acquire (or seek or propose to acquire), by purchase or otherwise,
        beneficial ownership of any TEN Securities, other than with respect to the TEN Securities beneficially owned by TFMC as of a result of the Transactions;

     

    (x)         publicly propose to amend or waive any provision of this Section 5.12 (including this subclause (x));
        or

     

    (xi)        enter into any discussion, negotiation, agreement, arrangement or understanding with another Person with
        respect to any of the foregoing.

     

    (b)          The provisions of this Section 5.12 shall not be deemed to prohibit or restrict TFMC from communicating privately with the
        TEN Board (i) so long as such communications are not intended to, and would not reasonably be expected to, require any public disclosure or (ii) from taking any action necessary to comply with applicable Law.  If any Person makes a public offer for
        at least 30% of (x) the outstanding TEN Securities or (y) the aggregate assets of TEN and its Subsidiaries, then the rights and obligations of the Parties pursuant to this Section 5.12 shall automatically terminate and be of no further
        force or effect.

     

    ARTICLE VI.

    DISPUTE RESOLUTION 

     

    6.1          General Provisions.

     

    (a)          Any dispute, controversy or claim arising out of or relating to this Agreement or the Ancillary Agreements, including with respect
        to (i) the validity, interpretation, performance, breach or termination thereof or (ii) whether any Asset or Liability not specifically characterized in this Agreement or its Schedules, whose proper characterization is disputed, is a TEN Asset,
        TFMC Asset, TEN Liability or TFMC Liability, shall be resolved in accordance with the procedures set forth in this Article VI (a “Dispute”), which shall be the sole and exclusive procedures for the resolution of any such Dispute
        unless otherwise specified in this Article VI or Article III;

     

    
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    (b)          EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT OR THE ANCILLARY AGREEMENTS IS LIKELY
        TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE IT HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY BASED UPON, RELATING TO OR ARISING FROM THIS
        AGREEMENT AND ANY OF THE ANCILLARY AGREEMENTS OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT (I) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT
        SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE SUCH WAIVER, (II) IT UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF SUCH WAIVER, (III) IT MAKES SUCH WAIVER VOLUNTARILY AND (IV) IT HAS BEEN INDUCED TO ENTER INTO THIS
        AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 6.1(b).

     

    (c)          The specific procedures set forth in this Article VI, including the time limits referenced herein, may be modified by
        agreement of both of the Parties in writing.

     

    (d)          Commencing with the Initial Notice contemplated by Section 6.2, all applicable statutes of limitations and defenses based
        upon the passage of time shall be tolled while the procedures specified in this Article VI are pending. The Parties shall take any necessary or appropriate action required to effectuate such tolling.

     

    (e)          Commencing with the Initial Notice contemplated by Section 6.2, any communications between the Parties or their
        representatives in connection with the attempted negotiation of any Dispute shall be deemed to have been delivered in furtherance of a Dispute settlement and shall be exempt from disclosure and production, and shall not be admissible into evidence
        for any reason (whether as an admission or otherwise), in any arbitral or other proceeding for the adjudication of any Dispute; provided, that evidence that is otherwise subject to disclosure or admissible shall not be rendered outside the scope of
        disclosure or inadmissible as a result of its use in the negotiation.

     

    6.2          Negotiation by Senior Executives.

     

    (a)          The Parties shall seek to settle amicably all Disputes by negotiation. The Parties shall first attempt in good faith to resolve
        the Dispute by negotiation in the normal course of business at the operational level within thirty (30) days after written notice is received by either Party regarding the existence of a Dispute (the “Initial Notice”).

     

    
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    (b)          If the Parties are unable to resolve the Dispute within such thirty (30)-day period, the Parties shall then attempt in good faith
        to resolve the Dispute by negotiation between executives designated by the Parties who hold, at a minimum, the office of Executive Vice President and/or Chief Legal Officer (such designated executives, the “Dispute Committee”). The Parties
        agree that the members of the Dispute Committee shall have full and complete authority on behalf of their respective Parties to resolve any Disputes submitted pursuant to this Section 6.2. Such Dispute Committee members and other applicable
        executives shall meet in person or by teleconference or video conference within thirty (30) days of the date of the Initial Notice to seek a resolution of the Dispute. In the event that the Dispute Committee and other applicable executives are
        unable to agree to a format for such meeting, the meeting shall be convened in person at a mutually acceptable location in London, England.

     

    (c)          If the Dispute Committee is unable to resolve the Dispute within such thirty (30)-day period, the Dispute shall be submitted to
        each of the TFMC Chief Executive Officer and the TEN Chief Executive Officer, who shall then attempt in good faith to resolve the Dispute by negotiation. The Parties agree that the TFMC Chief Executive Officer and the TEN Chief Executive Officer
        shall have full and complete authority on behalf of their respective Parties to resolve any Disputes submitted pursuant to this Section 6.2. The TFMC Chief Executive Officer and the TEN Chief Executive Officer shall meet in person or by
        teleconference or video conference within thirty (30) days of the meeting of the Dispute Committee to seek a resolution of the Dispute. In the event that the TFMC Chief Executive Officer and the TEN Chief Executive Officer are unable to agree to a
        format for such meeting, the meeting shall be convened in person at a mutually acceptable location in London, England.

     

    6.3          Arbitration.

     

    (a)          Any Dispute arising out of or in connection with the present Agreement and not finally resolved pursuant to Section 6.2
        within ninety (90) days from the delivery of the Initial Notice shall be shall be finally settled under the Rules of Arbitration of the International Chamber of Commerce by one or more arbitrators appointed in accordance with the said Rules. The
        language of the arbitration shall be English. The place of arbitration shall be Geneva, Switzerland. The arbitrator may award to the prevailing Party, if any, as determined by the arbitrator, its costs and expenses, including attorney’s fees.
        Judgment upon awards rendered by the arbitrator may be entered in any court having jurisdiction thereof. The Parties agree that, in the event any Party seeks specific performance or injunctive relief pursuant to Section 8.13, (i) each Party
        shall be entitled to take no more than ten (10) depositions or such greater number as the Parties may mutually agree upon or as may be ordered by the arbitrator and (ii) the arbitrator’s decision with respect to such matter shall be rendered no
        later than fifteen (15) Business Days after such matter is submitted to the arbitrator (and the Parties shall use commercially reasonable efforts to cause such submission to occur within ten (10) Business Days after the appointment of the
        arbitrator).

     

    (b)          The Parties shall maintain the confidential nature of the arbitration proceeding and the award, including the hearing, except as
        may be necessary to prepare for or conduct the arbitration hearing on the merits, or except as may be necessary in connection with a court application for a preliminary remedy, a judicial challenge to an award or its enforcement, or unless
        otherwise required by law or judicial decision.

     

    
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    (c)          The agreement to arbitrate any Dispute set forth in this Section 6.3 shall continue in full force and effect subsequent
        to, and notwithstanding the completion, expiration or termination of, this Agreement.

     

    6.4          Interim or Conservatory Measures

     

    . Notwithstanding the dispute resolution procedures in Sections 6.1 through 6.3, the parties may apply to any competent judicial authority for interim or conservatory measures. The application of a party
      to a judicial authority for such measures or for the implementation of any such measures ordered by an arbitral tribunal shall not be deemed to be an infringement or a waiver of the arbitration agreement and shall not affect the relevant powers
      reserved to the arbitrator(s).

     

    ARTICLE VII.

    TERMINATION 

     

    7.1          Termination. This Agreement and any Ancillary Agreement may be terminated and the terms and conditions of the
      Transactions may be amended, modified or abandoned at any time prior to the Effective Time by and in the sole and absolute discretion of the TFMC Board without the approval of any other Person, including the shareholders of TFMC or TEN. In the event
      that this Agreement is terminated, this Agreement shall become null and void and no Party, nor any Party’s directors, officers or employees, or any Financing Party, shall have any Liability of any kind to any Person by reason of this Agreement. After
      the Distribution, this Agreement may not be terminated except by an agreement in writing signed by TFMC and TEN.

     

    7.2          Effect of Termination. In the event of any termination of this Agreement prior to the Effective Time, no Party (nor
      any of its directors, officers or employees) shall have any Liability or further obligation to the other Party by reason of this Agreement.

     

    ARTICLE VIII.

    MISCELLANEOUS 

     

    8.1          Corporate Power.

     

    (a)          TFMC represents on behalf of itself and each other member of the TFMC Group, and TEN represents on behalf of itself and each other
        member of the TEN Group, as follows:

     

    (i)          each such Person has the requisite corporate or other power and authority and has taken all corporate or other
        action necessary in order to execute, deliver and perform this Agreement and each Ancillary Agreement to which it is a party and to consummate the transactions contemplated hereby; and

     

    (ii)         this Agreement and each Ancillary Agreement to which it is a party has been or will be duly executed and
        delivered by it and constitutes or will constitute a valid and binding agreement of it enforceable in accordance with the terms thereof.

     

    
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    (b)          Each Party acknowledges that it and each other Party may execute this Agreement by facsimile, stamp or mechanical signature. Each
        Party expressly adopts and confirms each such facsimile, stamp or mechanical signature made in its respective name as if it were a manual signature, agrees that it shall not assert that any such signature is not adequate to bind such Party to the
        same extent as if it were signed manually and agrees that at the reasonable request of any other Party at any time it shall as promptly as reasonably practicable cause this Agreement to be manually executed (any such execution to be as of the date
        of the initial date thereof).

     

    8.2          Modification or Amendments. Subject to the provisions of applicable Law, and except as otherwise provided in this
      Agreement, this Agreement and any Ancillary Agreement may be amended, modified or supplemented only by written instrument signed by the authorized representative of the Party against whom it sought to enforce such waiver, amendment, supplement or
      modification is sought to be enforced; provided, at any time prior to the Effective Time, the terms and conditions of this Agreement, including terms relating to the Transactions, may be amended, modified or abandoned by and in the sole and absolute
      discretion of the TFMC Board without the approval of any Person, including TFMC or TEN. Notwithstanding anything herein to the contrary, Section 7.1, this Section 8.2, Section 8.8, Section 8.25, Section 8.26 and Section 8.27 may not be amended,
      waived or terminated in a manner that is adverse in any respect to any of the Financing Parties without the prior written consent of the entities that, as of the date of such amendment, are providing or arranging the TFMC Financing Arrangements.

     

    8.3          Waivers of Default. Waiver by a Party of any default by the other Party of any provision of this Agreement or any
      Ancillary Agreement shall not be deemed a waiver by the waiving Party of any subsequent or other default, nor shall it prejudice the rights of the other Party. No failure or delay by a Party in exercising any right, power or privilege under this
      Agreement or any Ancillary Agreement shall operate as a waiver thereof nor shall a single or partial exercise thereof prejudice any other or further exercise thereof or the exercise of any other right, power or privilege.

     

    8.4          Counterparts. This Agreement and any Ancillary Agreement may be executed in one or more counterparts, and by the
      different parties hereto in separate counterparts, each of which when executed shall be deemed to be an original but all of which taken together shall constitute one and the same agreement. The exchange of a fully executed Agreement (in counterparts
      or otherwise) by facsimile or by electronic delivery in .pdf format shall be sufficient to bind the parties to the terms and conditions of this Agreement.

     

    8.5          Governing Law. This Agreement (and any claims or Disputes arising out of or related hereto or to the transactions
      contemplated hereby or to the inducement of any Party to enter herein, whether for breach of contract, tortious conduct or otherwise and whether predicated on common law, statute or otherwise) shall be governed by and construed and interpreted in
      accordance with the Laws of the State of New York, irrespective of the choice of laws principles of the State of New York, including all matters of validity, construction, effect, enforceability, performance and remedies.

     

    8.6          Notices. Any notice, request, instruction or other document to be given hereunder by any party to the others shall
      be in writing and delivered personally or sent by registered or certified mail, postage prepaid or by prepaid overnight courier (providing written proof of delivery), or by electronic mail (with confirmed receipt), addressed as follows:

     

    
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    If to TFMC, to:

     

    TechnipFMC plc

    One St. Paul’s Churchyard,

    London EC4M 8AP, United Kingdom

    Attention: Victoria Lazar

    Email: victoria.lazar@technipfmc.com

    

    

    with a copy (which shall not constitute notice) to:

     

    Latham & Watkins LLP

    330 North Wabash Avenue, Suite 2800

    Chicago, IL 60611

    Attention: Ryan Maierson

    Email: ryan.maierson@lw.com

    Attention: Christopher R. Drewry

    Email: christopher.drewry@lw.com

    

    

    If to TEN, to:

     

    If to TEN, to:

    Technip Energies N.V.

    6-8 Allée de l’Arche, Faubourg de l’Arche, ZAC Danton, 92400 Courbevoie, France

    Attention: Bruno Vibert

    Email: bruno.vibert@technipfmc.com

    Attention: Stephen Siegel

    Email: stephen.siegel@technipfmc.com

    

    

    with a copy (which shall not constitute notice) to:

     

    Latham & Watkins LLP

    330 North Wabash Avenue, Suite 2800

    Chicago, IL 60611

    Attention: Ryan Maierson

    Email: ryan.maierson@lw.com

    Attention: Christopher R. Drewry

    Email: christopher.drewry@lw.com

    

    

    or to such other persons or addresses as may be designated in writing by the party to receive such notice as provided above.

     

    8.7          Entire Agreement. This Agreement (including any exhibits hereto) and any Ancillary Agreement constitute the entire
      agreement, and supersede all other prior agreements, understandings, representations and warranties both written and oral, among the parties, with respect to the subject matter hereof.

     

    
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    8.8          No Third-Party Beneficiaries. Except for the release and indemnification rights under this Agreement of any TFMC
      Indemnitee or TEN Indemnitee in their respective capacities as such, the provisions of Section 3.1(d) as to directors and officers of the TFMC Group and TEN Group or as specifically provided
      in any Ancillary Agreement, and the provisions of Section 7.1, Section 8.2, this Section 8.8, Section 8.25, Section 8.26 and Section 8.27 as to the Financing Parties, who shall be express third-party
      beneficiaries thereunder: (a) the provisions of this Agreement and each Ancillary Agreement are solely for the benefit of the Parties and are not intended to confer upon any Person (including any shareholders of TFMC or shareholders of TEN) except
      the Parties hereto any rights or remedies hereunder; and (b) there are no third-party beneficiaries of this Agreement or any Ancillary Agreement and neither this Agreement nor any Ancillary Agreement shall provide any third Person (including any
      shareholders of TFMC or shareholders of TEN) with any remedy, claim, reimbursement, claim of action or other right in excess of those existing without reference to this Agreement or any Ancillary Agreement.

     

    8.9          Severability. The provisions of this Agreement or any Ancillary Agreement shall be deemed severable and the
      invalidity or unenforceability of any provision shall not affect the validity or enforceability or the other provisions hereof. If any provision of this Agreement, or the application thereof to any Person or any circumstance, is invalid or
      unenforceable, (a) a suitable and equitable provision shall be substituted therefor in order to carry out, so far as may be valid and enforceable, the intent and purpose of such invalid or unenforceable provision and (b) the remainder of this
      Agreement and the application of such provision to other Persons or circumstances shall not be affected by such invalidity or unenforceability, nor shall such invalidity or unenforceability affect the validity or enforceability of such provision, or
      the application thereof, in any other jurisdiction.

     

    8.10        Interpretation. The table of contents and headings herein are for convenience of reference only, do not constitute
      part of this Agreement and shall not be deemed to limit or otherwise affect any of the provisions hereof. Where a reference in this Agreement is made to a Section, Schedule or Exhibit, such reference shall be to a Section of, Schedule to or Exhibit
      to this Agreement unless otherwise indicated. Whenever the words “include,” “includes” or “including” are used in this Agreement, they shall be deemed to be followed by the words “without limitation.” For purposes of this Agreement, whenever the
      context requires the singular number shall include the plural, and vice versa. All references in this Agreement to “$” are intended to refer to United States dollars and all references to “EUR” are to the lawful currency of the European Union. Any
      reference to a particular Law means such Law as amended, modified or supplemented (including all rules and regulations promulgated thereunder) and, unless otherwise provided, as in effect from time to time.

     

    8.11        Defined Terms. Capitalized terms used and not otherwise defined herein shall have the meanings specified or referred
      to in Annex I.

     

    8.12        Assignment. Except as set forth in any Ancillary Agreement, neither this Agreement nor any Ancillary Agreement nor
      any of the rights, interests or obligations under such Agreement shall be assigned, in whole or in part, by either Party without the prior written consent of the other Party. Any attempted or purported assignment in violation of the preceding
      sentence shall be null and void and of no effect whatsoever. Subject to the preceding two sentences, this Agreement and any Ancillary Agreements shall be binding upon, inure to the benefit of, and be enforceable by, the Parties and their respective
      successors and assigns.

     

    
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    8.13        Specific Performance.

     

    (a)          Subject to Article IV, the Parties agree that irreparable damage would occur if any provision of this Agreement were not
        performed in accordance with the specific terms hereof or were otherwise breached. It is accordingly agreed that prior to the termination of this Agreement in accordance with Article VII, the Parties shall be entitled to an injunction or
        injunctions to prevent breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement (without necessity of posting bond or other security (any requirements therefor being expressly waived)), this being in
        addition to any other remedy to which they are entitled at Law or in equity.

     

    (b)          Each of the Parties agrees that it will not oppose the granting of an injunction, specific performance or other equitable relief
        as provided herein on the basis that (i) the other Party has an adequate remedy at Law or (ii) an award of specific performance is not an appropriate remedy for any reason at Law or equity. Any Party seeking an injunction or injunctions to prevent
        breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement shall not be required to provide any bond or other security in connection with any such order or injunction.

     

    8.14        Force Majeure. No Party shall be deemed in default of this Agreement or, unless otherwise provided therein, any
      Ancillary Agreement for any delay or failure to fulfill any obligation, other than a delay or failure to make a payment, so long as and to the extent to which any delay or failure in the fulfillment of such obligations is prevented, frustrated,
      hindered or delayed as a consequence of circumstances of Force Majeure. In the event of any such excused delay, the time for performance shall be extended for a period equal to the time lost by reason of the delay. A Party claiming the benefit of
      this provision shall, as soon as reasonably practicable after the occurrence of any such event, (a) provide written notice to the other Party of the nature and extent of any such Force Majeure condition; and (b) use commercially reasonable efforts to
      remove any such causes and resume performance under this Agreement and the Ancillary Agreements, as applicable, as soon as reasonably practicable.

     

    8.15        Press Release. No later than one (1) Business Day after the Effective Time, TFMC and TEN shall issue a joint press
      release regarding the consummation of the Transactions.

     

    8.16        Expenses. The expenses and costs incurred in connection with the Transactions shall be allocated among TFMC and TEN
      as set forth on Schedule 8.16.

     

    8.17        Payment Terms.

     

    (a)          Except as otherwise expressly provided to the contrary in this Agreement, any amount to be paid or reimbursed by a Party (where
        applicable, or a member of such Party’s Group) to the other Party (where applicable, or a member of such other Party’s Group) under this Agreement shall be paid or reimbursed hereunder within sixty (60) days after presentation of an invoice or a
        written demand therefor, in either case setting forth, or accompanied by, reasonable documentation or other reasonable explanation supporting such amount.

     

    
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    (b)          Except as expressly provided to the contrary in this Agreement, any amount not paid when due pursuant to this Agreement (and any
        amount billed or otherwise invoiced or demanded and properly payable that is not paid within sixty (60) days of such bill, invoice or other demand) shall bear interest at a rate per annum equal to the Prime Rate, from time to time in effect, plus
        two percent (2%), calculated for the actual number of days elapsed, accrued from the date on which such payment was due up to the date of the actual receipt of payment.

     

    (c)          Without the consent of the Party receiving any payment under this Agreement specifying otherwise, all payments to be made by
        either TFMC or TEN under this Agreement shall be made in U.S. dollars. Except as expressly provided herein, any amount which is not expressed in U.S. dollars shall be converted into U.S. dollars by using the exchange rate published on Bloomberg at
        5:00 pm, Eastern time, on the day before the relevant date, or in The Wall Street Journal on such date if not so published on Bloomberg. Except as expressly provided herein, in the event that any indemnity
        payment required to be made hereunder may be denominated in a currency other than U.S. dollars, the amount of such payment shall be converted into U.S. dollars on the date in which notice of the claim is given to the indemnifying Party.

     

    8.18        Survival of Covenants. Except as expressly set forth in this Agreement or any Ancillary Agreement, the covenants,
      representations and warranties contained in this Agreement and the Ancillary Agreements, and liability for the breach of any obligations contained herein or therein, shall survive the Transactions and shall remain in full force and effect in
      accordance with their terms.

     

    8.19        Construction. This Agreement shall be construed as if jointly drafted by the Parties and no rule of construction or
      strict interpretation shall be applied against either Party. The Parties represent that this Agreement is entered into with full consideration of any and all rights which the Parties may have. The Parties have conducted such investigations they
      thought appropriate, and have consulted with such advisors as they deemed appropriate regarding this Agreement and their rights and asserted rights in connection therewith. The Parties are not relying upon any representations or statements made by
      the other Party, or such other Party’s employees, agents, representatives or attorneys, regarding this Agreement, except to the extent such representations are expressly set forth or incorporated in this Agreement. The Parties are not relying upon a
      legal duty, if one exists, on the part of the other Party (or such other Party’s employees, agents, representatives or attorneys) to disclose any information in connection with the execution of this Agreement or their preparation, it being expressly
      understood that neither Party shall ever assert any failure to disclose information on the part of the other Party as a ground for challenging this Agreement.

     

    8.20        Performance. Each Party shall cause to be performed, and hereby guarantees the performance of, all actions,
      agreements and obligations set forth herein to be performed by any Subsidiary or Affiliate of such Party.

     

    8.21        No Admission of Liability. The allocation of assets and liabilities herein is solely for the purpose of allocating
      such assets and liabilities between TFMC and TEN and is not intended as an admission of liability or responsibility for any alleged liabilities vis-à-vis any Third Party, including with respect to the liabilities of any non-wholly owned subsidiary of
      TFMC or TEN.

     

    
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    8.22        Limited Liability of Shareholders. Notwithstanding any other provision of this Agreement, no individual who is a
      shareholder, director, employee, officer, agent or representative of TFMC or TEN, in such individual’s capacity as such, shall have any liability in respect of or relating to the covenants or obligations of TFMC or TEN, as applicable, under this
      Agreement or any Ancillary Agreement or in respect of any certificate delivered with respect hereto or thereto and, to the fullest extent legally permissible, each of TFMC or TEN, for itself and its respective Subsidiaries and its and their
      respective shareholders, directors, employees and officers, waives and agrees not to seek to assert or enforce any such liability that any such Person otherwise might have pursuant to applicable Law.

     

    8.23        Exclusivity of Tax Matters. Notwithstanding any other provision of this Agreement (other than Sections 2.2(c),
      3.5(g) and 3.6(f)), the Tax Matters Agreement shall exclusively govern all matters related to Taxes (including allocations thereof) addressed therein.

     

    8.24        Limitations of Liability. NOTWITHSTANDING ANYTHING IN THIS AGREEMENT TO THE CONTRARY, NEITHER TFMC NOR ITS
      AFFILIATES, ON THE ONE HAND, NOR TEN NOR ITS AFFILIATES, ON THE OTHER HAND, SHALL BE LIABLE UNDER THIS AGREEMENT OR ANY ANCILLARY AGREEMENT TO THE OTHER FOR ANY INCIDENTAL CONSEQUENTIAL, SPECIAL, INDIRECT, PUNITIVE, EXEMPLARY, REMOTE, SPECULATIVE OR
      SIMILAR DAMAGES IN EXCESS OF COMPENSATORY DAMAGES OF THE OTHER ARISING IN CONNECTION WITH THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (OTHER THAN ANY SUCH LIABILITY WITH RESPECT TO INDEMNIFICATION OF SUCH DAMAGES PAID BY AN INDEMNITEE IN RESPECT
      OF A THIRD-PARTY CLAIM).

     

    8.25        Other Remedies. No Financing Party (a) shall have any liability or obligation to the parties hereto with respect to
      this Agreement or with respect to any claim or cause of action (whether in contract or in tort, in applicable Law or in equity or otherwise, or granted by statute or otherwise, whether by or through attempted piercing of the corporate, limited
      partnership or limited liability company veil or any other theory or doctrine, including alter ego or otherwise) that may be based upon, in respect of, arise under, out or by reason of, be connected with, or relate to: (i) this Agreement or the
      transactions contemplated hereunder, (ii) the negotiation, execution or performance of this Agreement (including any representation or warranty made in, in connection with, or as an inducement to, this Agreement), (iii) any breach or violation of
      this Agreement, or (iv) any failure of the transactions contemplated hereunder to be consummated, it being expressly agreed and acknowledged by the parties hereto that no personal liability or losses whatsoever shall attach to, be imposed on or
      otherwise be incurred by any Financing Party, as such, arising under, out of, in connection with or related to the items in the immediately preceding clauses (i) through (iv) or (b) shall have any rights or claims against TFMC or any of its
      Subsidiaries, Representatives or shareholders, arising out of this Agreement, the TFMC Financing Arrangements or the transactions contemplated hereby or in connection with the TFMC Financing Arrangements; provided that following the consummation of
      the TFMC Financing Arrangements, the foregoing will not limit any rights the Financing Parties have against the TFMC and its Subsidiaries under the definitive documentation governing the TFMC Financing Arrangements.

     

    
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    8.26        Consent to Jurisdiction. Notwithstanding Article VI or anything herein to the contrary, (a) each party hereto
      irrevocably and unconditionally consents and submits itself and its properties and assets, in any action or proceeding against or involving any Financing Party, to the exclusive jurisdiction of the Supreme Court of the State of New York, County of
      New York (and the appellate courts thereof), or, if under applicable Law exclusive jurisdiction is vested in the federal courts, the United States District Court for the Southern District of New York (and the appellate courts thereof) and (b) no
      party hereto, nor any of its affiliates, will bring, or support the bringing of, any claim, legal action or proceeding, whether at law or in equity, whether in contract or in tort or otherwise, against any Financing Party in any way relating to this
      Agreement or any of the transactions contemplated by this Agreement, anywhere other than in the Supreme Court of the State of New York, County of New York (and the appellate courts thereof), or, if under applicable Law exclusive jurisdiction is
      vested in the federal courts, the United States District Court for the Southern District of New York (and the appellate courts thereof). The parties hereto further agree to waive and hereby irrevocably waive, to the fullest extent permitted by law,
      any objection which it may now have or hereafter have to the laying of venue of, and the defense of an inconvenient forum to the maintenance of, any such action in any such court.

     

    8.27        WAIVER OF JURY TRIAL. NOTWITHSTANDING ANYTHING CONTAINED HEREIN, INCLUDING ARTICLE VI, TO THE CONTRARY, THE PARTIES
      HERETO IRREVOCABLY WAIVE ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) AGAINST ANY FINANCING PARTY.

     

    [Signature Page Follows.]

     

    
      59

      
        

    

    IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their duly authorized representatives.

     

    	 	
            TechnipFMC PLC

          
	 	 	 
	 	
            By:

          	
            /s/ Maryann T. Mannen

          
	 	
            Name:

          	
            Maryann T. Mannen

          
	 	
            Title:

          	
            Executive Vice President and Chief

            Financial Officer

          

     

    

    
      [Signature Page to Separation and Distribution Agreement]

    

    
      60

      
        

    

    IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their duly authorized representatives.

     

    	 	
            TECHNIP ENERGIES B.V.

          
	 	 	 
	 	
            By:

          	
            /s/ Stephen Siegel

          
	 	
            Name:

          	
            Stephen Siegel

          
	 	
            Title:

          	
            Managing Director

          

     

    

    
      [Signature Page to Separation and Distribution Agreement]

    

    
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    ANNEX I:

     

    

    Defined Terms

     

    “Action” means any demand, action, claim, dispute, suit, countersuit, arbitration, inquiry, subpoena, proceeding or investigation of any nature (whether criminal, civil, legislative, administrative, regulatory,
      prosecutorial or otherwise) by or before any Governmental Entity or in any arbitration or mediation.

     

    “Affiliate” means, when used with respect to a specified Person, a Person that, directly or indirectly, through one or more intermediaries, controls, is controlled by or is under common control with such specified
      Person. For the purpose of this definition, “control” (including with correlative meanings, “controlled by” and “under common control with”), when used with respect to any specified Person, means the possession, directly or indirectly, of the power
      to direct or cause the direction of the management and policies of such Person, whether through the ownership of voting securities or other interests, by contract, agreement, obligation, indenture, instrument, lease, promise, arrangement, release,
      warranty, commitment, undertaking or otherwise. It is expressly agreed that for purposes of this Agreement and the Ancillary Agreements, from and after the Effective Time, (i) no member of the TFMC Group shall be deemed to be an Affiliate of any
      member of the TEN Group, (ii) no member of the TEN Group shall be deemed to be an Affiliate of any member of the TFMC Group and (iii) no joint venture formed after the Effective Time solely between one or more members of the TFMC Group, on the one
      hand, and one or more members of the TEN Group, on the other hand, shall be deemed to be an Affiliate of, or owned or controlled by, any member of the TFMC Group or the TEN Group for the purposes of this Agreement.

     

    “Agent” means Société Générale Securities Services S.A., as the distribution agent appointed by TFMC to distribute to the shareholders of TFMC all of the outstanding TEN Shares pursuant to the Distribution.

     

    “Ancillary Agreements” means all Contracts entered into by the Parties or the members of their respective Group (but to which no Third Party is a party) in connection with the Transactions, including, the Employee
      Matters Agreement, the Patent License Agreement, the Tax Matters Agreement, the Trademark Matters Agreement, the Transfer Documents and the Transition Services Agreement.

     

    “Approvals or Notifications” means any consents, waivers, approvals, permits or authorizations to be obtained from, notices, registrations or reports to be submitted to, or other filings to be made with, any third
      Person, including any Governmental Entity.

     

    “Assets” means assets, properties, claims and rights (including goodwill), wherever located (including in the possession of vendors or other third parties or elsewhere), of every kind, character and description,
      whether real, personal or mixed, tangible, intangible or contingent, in each case, whether or not recorded or reflected or required to be recorded or reflected on the books and records or financial statements of the applicable Person, including
      rights and benefits pursuant to any contract, license, permit, indenture, note, bond, mortgage, agreement, concession, franchise, instrument, undertaking, commitment, understanding or other arrangement.

     

    
      I-1

      
        

    

    “Business Day” means a day (other than a Saturday or Sunday) on which banks are open for general business in (a) London, England, (b) Paris, France and (c) New York, State of New York, United States of America.

     

    “Business Records” means all files, documents, instruments, papers, books, reports, records, tapes, microfilms, photographs, letters, ledgers, journals, financial statements, technical documentation (design
      specifications, functional requirements, operating instructions, logic manuals, flow charts, etc.), user documentation (installation guides, user manuals, training materials, release notes, working papers, etc.), Tax Returns, other Tax work papers
      and files and other documents in whatever form, physical, electronic or otherwise.

     

    “Code” means the Internal Revenue Code of 1986, as amended.

     

    “Contract” means, with respect to any Person, any legally binding agreement, indenture, loan agreement, undertaking, note or other debt instrument, contract, lease, mortgage, deed of trust, permit, license,
      understanding, arrangement, commitment or other obligation, written or oral, to which such Person or any of its Subsidiaries is a party or by which any of them may be bound or to which any of their properties may be subject.

     

    “Cryogenic Flexible Patents” has the meaning given in the Patent License Agreement.

     

    “Director” shall mean, with respect to any member of the TFMC Group or the TEN Group, a member of the management board, as applicable, of such entity.

     

    “Disclosure Document” shall mean any registration statement (including the EU Prospectus and the Form F-1) filed with the AFM, the AMF or the SEC by or on behalf of any Party or any member of its Group, and also
      includes any information statement, prospectus, offering memorandum, offering circular, periodic report or similar disclosure document, whether or not filed with the AFM, the AMF, the SEC or any other Governmental Entity, in each case which describes
      the Transactions or the TEN Group or primarily relates to the transactions contemplated hereby, including the Transactions, the TEN Financing Arrangements, the TFMC Financing Arrangements or the TEN Shares Issuance.

     

    “Distribution Date” means the date on which TFMC, through the Agent, distributes all of the issued and outstanding TEN shares to the Record Holders in the Distribution.

     

    “DOJ” means the U.S. Department of Justice.

     

    “DPA” means that certain Deferred Prosecution Agreement entered into as of June 25, 2019, by and between TFMC and the DOJ.

     

    “Dutch Transfer Agent” means the TMF Group B.V., as the custody and registrar agent appointed by TEN to receive and hold TEN Shares in accordance with Dutch Law.

     

    
      I-2

      
        

    

    “Effective Time” means 11:59 p.m. New York time, or such other time as TFMC may determine, on the Distribution Date.

     

    “Employee Matters Agreement” means that certain Employee Matters Agreement to be entered into between TFMC and TEN in connection with the Transactions, as such agreement may be modified or amended from time to
      time in accordance with its terms.

     

    “Environmental Law” means any Law relating to pollution, protection or restoration of or prevention of harm to the environment or natural resources, including the use, handling, production, registration,
      transportation, treatment, storage, disposal, Release or discharge of Hazardous Materials or the protection of or prevention of harm to human health and safety.

     

    “Environmental Liabilities” means all Liabilities relating to, arising out of or resulting from any Hazardous Materials, Environmental Law or Contract relating to environmental, health or safety matters (including
      all removal, remediation or cleanup costs, investigatory costs, response costs, natural resources damages, property damages, personal injury damages, costs of compliance, including with any product take-back requirements, or with any settlement,
      judgment or other determination of Liability and indemnity, contribution or similar obligations) and all costs and expenses, interest, fines, penalties or other monetary sanctions in connection therewith.

     

    “EU Prospectus” means the prospectus approved by the AFM to effect the registration of the TEN Shares in the European Union in accordance with the Prospectus Regulation in connection with the Distribution,
      including any amendments or supplements thereto.

     

    “Euronext Paris” means the Euronext Paris market operated by Euronext Paris S.A., the French securities market that qualifies as a regulated market in accordance with Directive 2014/65/EU of the European
      Parliament and of the Council of May 15, 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU.

     

    “Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended, together with the rules and regulations promulgated thereunder, as the same shall be in effect at the time reference is made thereto.

     

    “Excluded Intellectual Property” means the Intellectual Property licensed pursuant to Shared Contracts, the TFMC Specified Marks and any Intellectual Property listed on Schedule I.A.

     

    “Financing Parties” means the entities that have committed to provide or arrange any of the financing under the TFMC Financing Arrangements, including any definitive agreements relating thereto, together with
      their respective affiliates and their and their respective affiliates’ officers, directors, employees, controlling persons, agents and representatives and their respective successors and assigns.

     

    
      I-3

      
        

    

    “Force Majeure” means, with respect to a Party, an event beyond the control of such Party (or any Person acting on its behalf), which by its nature could not have been reasonably foreseen by such Party (or such
      Person) or, if it could have been reasonably foreseen, was unavoidable, and includes acts of God, storms, floods, riots, labor unrest, pandemics (including Coronavirus (Covid-19)) nuclear incidents, fires, sabotage, civil commotion or civil unrest,
      interference by civil or military authorities, acts of war (declared or undeclared) or armed hostilities, or other national or international calamity or one or more acts of terrorism or failure of energy sources or distribution or transportation
      facilities. Notwithstanding the foregoing, the receipt by a Party of an unsolicited takeover offer or other acquisition proposal, even if unforeseen or unavoidable, and such Party’s response thereto shall not be deemed an event of Force Majeure.

     

    “Form F-1” means the registration statement on Form F-1 filed by TEN with the SEC to effect the registration of the TEN Shares in the United States pursuant to Section 12(b) of the Exchange Act in connection with
      the Distribution, including any amendments or supplements thereto.

     

    “Governmental Approvals” means any notices or reports to be submitted to, or other filings to be made with, or any consents, registrations, approvals, permits or authorizations to be obtained from, any
      Governmental Entity.

     

    “Governmental Entity” means any governmental or regulatory authority, agency, commission, body or other governmental or regulatory entity (including any court), United States or non-United States, French, national
      or supra-national, state or local, including the AFM, the AMF, the SEC and the other Regulatory Authorities.

     

    “Group” means either the TFMC Group or the TEN Group, as the context requires.

     

    “Hazardous Materials” means any chemical, material, substance, waste, pollutant, emission, discharge, release or contaminant that could result in liability under, or that is prohibited, limited or regulated by or
      pursuant to, any Environmental Law, and any natural or artificial substance (whether solid, liquid or gas, noise, ion, vapor or electromagnetic) that alone or in combination could cause harm to human health or the environment, including but not
      limited to petroleum, petroleum products and byproducts, asbestos and asbestos-containing materials, urea formaldehyde foam insulation, electronic, medical or infectious wastes, polychlorinated biphenyls, radon gas, radioactive substances,
      chlorofluorocarbons and all other ozone-depleting substances.

     

    “Indebtedness” means (a) all obligations of such specified Person for borrowed money or arising out of any extension of credit to or for the account of such specified Person (including reimbursement or payment
      obligations with respect to surety bonds, letters of credit, bankers’ acceptances and similar instruments), (b) all obligations of such specified Person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such
      specified Person upon which interest charges are customarily paid, (d) all obligations of such specified Person under conditional sale or other title retention agreements relating to Assets purchased by such specified Person, (e) all obligations of
      such specified Person issued or assumed as the deferred purchase price of property or services, (f) all liabilities secured by (or for which any Person to which any such liability is owed has an existing right, contingent or otherwise, to be secured
      by) any mortgage, lien, pledge or other encumbrance on property owned or acquired by such specified Person (or upon any revenues, income or profits of such specified Person therefrom), whether or not the obligations secured thereby have been assumed
      by the specified Person or otherwise become liabilities of the specified Person, (g) all capital lease obligations of such specified Person, (h) all securities or other similar instruments convertible or exchangeable into any of the foregoing, but
      excluding daily cash overdrafts associated with routine cash operations, and (i) any liability of others of a type described in any of the preceding clauses (a) through (h) in respect of which the specified Person has incurred, assumed or acquired a
      liability by means of a guaranty, excluding any obligations related to Taxes: provided, however, that (i) with respect to TFMC, any liabilities or obligations of a type described in the preceding clauses (a) through (h) shall exclude the TEN
      Specified Indebtedness and (ii) with respect to TEN, any liabilities or obligations of a type described in the preceding clauses (a) through (h) shall exclude the TFMC Specified Indebtedness.

     

    
      I-4

      
        

    

    “Information” means information, whether or not patentable or copyrightable, in written, oral, electronic or other tangible or intangible forms, stored in any medium and regardless of location, including (a)
      Technology and (b) to the extent not described by clause (a), technical, financial, employee or business information or data, studies, reports, records, books, contracts, instruments, surveys, discoveries, ideas, concepts, know-how, techniques,
      designs, specifications, drawings, blueprints, diagrams, models, prototypes, samples, flow charts, data, computer data, disks, diskettes, tapes, computer programs or other software, marketing plans, customer names and records, supplier names and
      records, customer and supplier lists, customer and vendor data or correspondence, communications by or to attorneys (including attorney-client privileged communications), memos and other materials prepared by attorneys or under their direction
      (including attorney work product), and other financial employee or business information or data, files, papers, tapes, keys, correspondence, plans, invoices, forms, product data and literature, promotional and advertising materials, operating
      manuals, instructional documents, quality records and regulatory and compliance records.

     

    “Insurance Claims” means those insurance claims in the Insurance Vehicle.

     

    “Insurance Proceeds” means those monies: (a) received by an insured Person from any insurer, insurance underwriter, mutual protection and indemnity club or other risk collective; or (b) paid on behalf of an
      insured Person by any insurer, insurance underwriter, mutual protection and indemnity club or other risk collective, on behalf of the insured, in either such case net of any costs or expenses incurred in the collection thereof; provided, however,
      that with respect to a captive insurance arrangement, Insurance Proceeds shall only include net amounts received by the captive insurer from a Third Party in respect of any captive reinsurance arrangement.

     

    “Insurance Vehicle” means Engineering Re AG, a private limited company incorporated under the laws of Switzerland, having its registered seat in Zürich, Switzerland, and wholly owned Subsidiary of TFMC.

     

    
      I-5

      
        

    

    “Intellectual Property” means all intellectual property and industrial property in any and all jurisdictions throughout the world, including all: (a) patents, patent applications (including patents issued thereon)
      and statutory invention registrations, including reissues, divisions, continuations, continuations in part, substitutions, renewals, extensions and reexaminations of any of the foregoing, and all rights in any of the foregoing provided by
      international treaties or conventions, (b) Trademarks, (c) Internet domain names, (d) copyrights, mask works, database rights and design rights, whether or not registered, and all registrations and applications for registration of any of the
      foregoing, and all rights in and to any of the foregoing provided by international treaties or conventions, (e) any intellectual property rights in unpatented technology, and inventions (whether or not patentable and whether or not reduced to
      practice), invention disclosures, ideas, formulas, compositions, inventor’s notes, discoveries and improvements, manufacturing and production processes and techniques, testing information, research and development information, drawings,
      specifications, designs, plans, proposals and technical data, trade secrets, confidential information, data, know-how, product designs and development, methods and processes, testing tools and materials, customer information, marketing materials and
      market surveys and (f) intellectual property rights arising from or in respect of any Software or technology.

     

    “Intercompany” means, with respect to any Contract, balance, arrangement or other legal or financial relationship, established at or prior to the Effective Time, that such Contract, balance, arrangement or other
      legal or financial relationship is (a) between or among one or more members of the TFMC Group and one or more members of the TEN Group, as applicable, or (b) between or among the TFMC Business and the TEN Business, even if within the same legal
      entity (in which case the applicable Contract, balance, arrangement or other legal or financial relationship shall be deemed to be binding as if it was between separate legal entities).

     

    “Joint Claims” means any claim or series of related claims under any insurance policy that results or could reasonably be expected to result in the payment of Insurance Proceeds to or for the benefit of both one
      or more members of the TFMC Group and one or more members of the TEN Group.

     

    “Law” means any supranational, federal, state, local or provincial, municipal, foreign or common law, statute, treaty, ordinance, rule, regulation, Order, agency requirement, writ, franchise, variance, exemption,
      approval, certificate, notice, bylaw, standard, policy guidance, license, permit or other binding requirements, policies or instruments of any relevant jurisdiction, including in the United States, United Kingdom, France or elsewhere issued,
      promulgated, adopted or entered into by or with any Governmental Entity or any Self-Regulatory Organization.

     

    “Liabilities” means any and all Indebtedness, guarantees, assurances, commitments, liabilities, responsibilities, Losses, remediation, deficiencies, reimbursement obligations in respect of letters of credit,
      damages, payments, fines, penalties, claims, settlements, judgments, sanctions, costs, expenses, interest and obligations of any nature or kind, whether accrued or fixed, absolute or contingent, matured or unmatured, accrued or not accrued, asserted
      or unasserted, liquidated or unliquidated, foreseen or unforeseen, known or unknown, reserved or unreserved, reflected on a balance sheet or otherwise, or determined or determinable, including those arising under any Law, claim (including any
      Third-Party Claim), demand, Action, or order, writ, judgment, injunction, decree, stipulation, determination or award entered by or with any Governmental Entity or arbitration tribunal, and those arising under any Contract, agreement, obligation,
      indenture, instrument, lease, promise, arrangement, release, warranty, commitment or undertaking or terms of employment, whether imposed or sought to be imposed by a Governmental Entity, another third Person, or a Party, whether based in contract,
      tort, implied or express warranty, strict liability, criminal or civil statute, or otherwise, in each case, including all costs, expenses, interest, attorneys’ fees, disbursements and expenses of counsel, expert and consulting fees and costs related
      thereto or to the investigation or defense thereof, in each case (a) including any fines, damages or equitable relief that is imposed in connection therewith and (b) other than Taxes.

     

    
      I-6

      
        

    

    “Licensed TEN Patents” has the meaning given in the Patent License Agreement.

     

    “Licensed TFMC Patents” has the meaning given in the Patent License Agreement.

     

    “Losses” means any and all damages, losses (including diminution in value), deficiencies, Liabilities, obligations, penalties, judgments, settlements, claims, payments, interest costs, fines and expenses
      (including the costs and expenses of any and all Actions and demands, assessments, judgments, settlements and compromises relating thereto and attorneys’, accountants’, consultants’ and other professionals’ fees and expenses incurred in the
      investigation or defense thereof or the enforcement rights hereunder), whether or not involving a Third-Party Claim, other than Taxes.

     

    “Monetary Penalty” means any monetary payment ordered or imposed by a court and/or agreed with, or ordered or imposed by, any other entity, whether through a judgment, order, deferred prosecution agreement,
      non-prosecution agreement, declination or otherwise, including, fines,  penalties, restitution, forfeiture and/or disgorgement.

     

    “NYSE” means the New York Stock Exchange.

     

    “Outstanding RPBC Payment” means the outstanding payment to be paid by Petróleo Brasileiro S.A. (Petrobras) to Technip Brasil – Engenharia, Instalações e Apoio Marítimo LTDA. pursuant to the Termo Para
      Encerramento de Pendências (TEP) dated April 29, 2020.

     

    “Parties” or “Party” shall have the meaning set forth in the Preamble.

     

    “Patent License Agreement” means that certain Patent License Agreement to be entered into between TFMC and TEN, pursuant to which (i) TFMC, on behalf of itself and the TFMC Group, grants to the TEN Group a license
      to use the Licensed TFMC Patents and the Cryogenic Flexible Patents in connection with the TEN Business, and (ii) TEN, on behalf of the TEN Group, grants to the TFMC Group a license to use the Licensed TEN Patents in connection with the TFMC
      Business.

     

    “Permit” means all permits, licenses, franchises, authorizations, concessions, certificates, allowances, credits, consents, exemptions, approvals, variances, registrations, or similar authorizations from any
      Governmental Entity.

     

    “Person” means any individual, corporation (including not-for-profit), general or limited partnership, limited liability company, joint venture (including with respect to any vessel), estate, trust, association,
      organization, Governmental Entity or other entity of any kind or nature.

     

    
      I-7

      
        

    

    “Prime Rate” shall mean the prime rate of Citibank N.A.

     

    “PNF” means the Parquet National Financier.

     

    “PNF Investigation” means the investigation being conducted by the PNF relating to business practices or conduct in connection with certain projects in Ghana and Equatorial Guinea that were awarded to certain
      Subsidiaries of TFMC in 2008 and 2009, respectively.

     

    “Privileged Information” means any information, in written, oral, electronic or other tangible or intangible forms, including any communications by or to attorneys (including attorney-client privileged
      communications), memoranda and other materials prepared by attorneys or under their direction (including attorney work product), as to which a party or its respective Subsidiaries would be entitled to assert or have a privilege, including the
      attorney-client and attorney work product privileges.

     

    “Prospectus Regulation” means Regulation (EU) 2017/1129 of the European Parliament and the Council of June 14, 2017 on the prospectus to be published when securities are offered to the public or admitted to
      trading on a regulated market.

     

    “Record Date” means 5:00 p.m. New York time on the date to be determined by the TFMC Board as the record date for determining shareholders of TFMC entitled to receive TEN Shares in the Distribution.

     

    “Record Holders” means the holders of record of TFMC Shares as of the Record Date.

     

    “Regulatory Authority” means any and all relevant regulatory agencies or authorities of the United States, France, the United Kingdom, any member state in the EEA and other foreign regulatory agencies or
      authorities, in each case only to the extent that such agency or authority has authority and jurisdiction in the particular context.

     

    “Release” means any release, spill, emission, discharge, leaking, pumping, pouring, dumping, injection, deposit, disposal, dispersal, leaching or migration of Hazardous Materials into the environment (including
      ambient air, surface water, groundwater and surface or subsurface strata).

     

    “Representatives” means, with respect to any Person, any of such Person’s directors, officers, employees, agents, consultants, advisors, accountants, attorneys or other representatives.

     

    “SEC” means the U.S. Securities and Exchange Commission.

     

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

     

    “Self-Regulatory Organization” means any United States or non-United States commission, board, agency or body that is not a Governmental Entity but is charged with the supervision or regulation of brokers,
      dealers, securities underwriting or trading, stock exchanges, commodities exchanges, electronic communication networks, insurance Group or agents, investment Group or investment advisers, including the NYSE and Euronext Paris.

     

    
      I-8

      
        

    

    “Software” means any and all (a) computer programs, including any and all software implementation of algorithms, models and methodologies, whether in source code, object code, human readable form or other form,
      (b) databases and compilations, including any and all data and collections of data, whether machine-readable or otherwise, (c) descriptions, flow charts and other work products used to design, plan, organize and develop any of the foregoing, (d)
      screens, user interfaces, report formats, firmware, development tools, templates, menus, buttons and icons and (e) documentation, including user manuals and other training documentation, relating to any of the foregoing.

     

    “Stored Records” means Tangible Information held in a Records Facility maintained or arranged for by the party other than the party that owns such Tangible Information.

     

    “Subsea” means the business segment of TFMC that provides integrated design, engineering, procurement, manufacturing, fabrication and installation, and life of field services for subsea systems, subsea field
      infrastructure, and subsea pipe systems used in production and transportation.

     

    “Subsidiary” means, with respect to any Person, any entity, whether incorporated or unincorporated, of which at least a majority of the securities or ownership interests having by their terms voting power to elect
      a majority of the board of directors or other Persons performing similar functions is directly or indirectly owned or controlled by such Person or by one or more of its respective Subsidiaries.

     

    “Surface Technologies” means the Surface Technologies business segment of TFMC that designs and manufactures products and systems, and provides services used by oil and gas companies involved in land and offshore
      exploration and production of crude oil and natural gas; provided, however, that “Surface Technologies” for purposes of this Agreement shall not include TFMC’s loading systems business that provides land- and marine-based loading and transfer systems
      to the oil and gas, petrochemical, and chemical industries.

     

    “Tangible Information” means Information that is contained in written, electronic or other tangible forms.

     

    “Tax Matters Agreement” means that certain Tax Matters Agreement to be entered into between TFMC and TEN in connection with the Transactions, as such agreement may be modified or amended from time to time in
      accordance with its terms.

     

    “Technology” shall mean all technology, designs, formulae, algorithms, procedures, methods, discoveries, processes, techniques, ideas, know-how, research and development, technical data, tools, materials,
      specifications, processes, inventions (whether patentable or unpatentable and whether or not reduced to practice), apparatus, creations, improvements, works of authorship in any media, confidential, proprietary or nonpublic information, and other
      similar materials, all customized applications, completely developed applications and modifications to commercial applications, and all recordings, graphs, drawings, reports, analyses and other writings, and other tangible embodiments of the
      foregoing in any form, in each case, other than Software.

     

    
      I-9

      
        

    

    “TEN Actions” means (a) those Actions set forth set forth on Schedule I.B or (b) any Action primarily relating to, arising out of or resulting from the TEN Business or a TEN Asset not listed on Schedule

        I.B or Schedule I.I.

     

    “TEN Balance Sheet” means the unaudited pro forma condensed combined balance sheet of the TEN Group as of June 30, 2020, including the notes thereto, included in the Form F-1.

     

    “TEN Business” means (a) TFMC’s (i) “Onshore/Offshore” business segment, consisting of the study, engineering, procurement, construction, and project management of the entire range of onshore and offshore
      facilities related to the production, treatment, and transportation of oil and gas, as well as the transformation of petrochemicals such as ethylene, polymers, and fertilizers, as well as other activities, (ii) “Genesis” business, consisting of
      activities related to front-end engineering and design, (iii) “Cybernetix” business, consisting of the development of teleoperated systems, asset integrity monitoring and inspection for hostile environments, and (iv) “Loading Systems” business,
      consisting of the development of land-based and marine-based loading and transfer systems, and (b) without limiting the foregoing clause (a), any terminated, divested or discontinued businesses, Assets or operations that were of such a nature that
      they would have been part of the TEN Business (as described in the foregoing clause (a)) had they not been terminated, divested or discontinued (regardless of whether they ever operated under the “Technip Energies” name).

     

    “TEN Change of Control” means any transaction or series of related transactions involving: (a) any merger, consolidation, share exchange, business combination, recapitalization, reorganization, or other
      transaction that would result in the shareholders of TEN immediately preceding such transaction beneficially owning less than 30% of the total outstanding equity securities in the surviving or resulting entity of such transaction (measured by voting
      power or economic interest), (b) any transaction, including any direct or indirect acquisition or any tender offer, exchange offer or other secondary acquisition, that would, if completed, result in any Person or group of Persons beneficially owning
      more than 30% of the TEN Shares (measured by voting power or economic interest), (c) any sale, lease, license or other disposition, directly or indirectly, of all or substantially all of the consolidated assets of TEN or (d) the majority of the TEN
      directors ceasing to be TEN Continuing Directors.

     

    “TEN Competitor” means the Persons listed on Schedule I.C.

     

    “TEN Continuing Director” means (a) any Person who is a TEN director on the Distribution Date, (b) any TEN director who was nominated for election or elected to the TEN Board with the approval of the majority of
      the TEN Continuing Directors who were members of the TEN Board at the time of such nomination or election or (c) any TEN director who was nominated or elected to the Board by individuals referred to in clauses (a) and (b) above constituting at the
      time of such nomination or election at least a majority of the TEN Board.

     

    
      I-10

      
        

    

    “TEN Contracts” shall mean any Contract to which either Party or any member of its Group is a party or by which it or any member of its Group or any of their respective Assets is bound, whether or not in writing,
      primarily used or held for use in the conduct of the TEN Business; provided that TEN Contracts shall not include (a) any Contract that is contemplated to be retained by TFMC or any member of the TFMC Group from and after the Effective Time pursuant
      to any provision of this Agreement or any Ancillary Agreement or (b) any Contract referenced in Section 1.3(b).

     

    “TEN Financing Arrangements” means the facilities agreement to be established in accordance
        with a mandate letter dated December 22, 2020 pertaining to a EUR650,000,000  bridge term facility and a EUR750,000,000 revolving facility between Technip Energies B.V. and Technip Eurocash SNC as borrowers and BNP Paribas, Crédit Agricole
        Corporate and Investment Bank, Société Générale and Standard Chartered Bank as mandated lead arrangers and bookrunners.

     

    “TEN Group” means, immediately after the Effective Time, (a) TEN and (b) each Subsidiary of TEN.

     

    “TEN Intellectual Property” means (a)(i) the Intellectual Property set forth on Schedule I.D, (ii) the TEN Specified Marks, (iii) any Intellectual Property (other than Trademarks and Internet domain names)
      owned by TFMC or any of its Affiliates immediately prior to the Separation that is primarily used or held for use in connection with the TEN Business as of the Effective Time not listed on Schedule I.D or Schedule I.K and (iv) all
      rights to sue or otherwise recover for any past, present, or future infringement, misappropriation, dilution, or other violations of the foregoing; and (b) subject to Section 1.2, the Intellectual Property rights licensed to TFMC or any its
      Affiliates pursuant to TEN Contracts; but excluding in all cases the Excluded Intellectual Property.

     

    “TEN Leases” means (a) the Contracts related to the leasing or subleasing of real property set forth on Schedule I.E and (b) any Contracts related to the leasing or subleasing of real property primarily
      used in connection with the TEN Business as of the Effective Time not listed on Schedule I.E or Schedule I.L, in the case of both clause (a) and (b) including all rights, interests or claims of either Party or any member of its
      respective Group thereunder as of the Effective Time.

     

    “TEN Permits” means (a) any Permit set forth on Schedule I.F and (b) any Permit primarily used in connection with the TEN Business as of the Effective Time not listed on Schedule I.F or Schedule

        I.M.

     

    “TEN Properties” means (a) the real property set forth on Schedule I.G under the heading “TEN Properties” and (b) any real property primarily used in connection with the TEN Business as of the Effective
      Time not listed on Schedule I.G or Schedule I.N.

     

    “TEN Securities” means TEN Shares and TEN ADRs.

     

    “TEN Specified Indebtedness” means the Indebtedness listed on Schedule 1(d)(ii).

     

    
      I-11

      
        

    

    “TEN Specified Marks” means (a) the Trademarks and domain names set forth on Schedule I.H and (b) the Trademarks and domain names that are owned by TFMC or any of its Subsidiaries and that are primarily
      used (or, if the subject of an intent-to-use application, intended to be primarily used) in connection with the goods or services included in the TEN Business immediately prior to the Effective Time not set forth on Schedule I.H or Schedule

        I.J.

     

    “TFMC Actions” means (a) those Actions set forth on Schedule I.I or (b) any Action primarily relating to, arising out of or resulting from the TFMC Business or a TFMC Asset as of the Effective Time not
      listed on Schedule I.I or Schedule I.B.

     

    “TFMC-Formative Marks” means (a) all Trademarks and domain names set forth on Schedule I.J and (b) all Trademarks and domain names owned by TFMC or any of its Subsidiaries that contain the “TechnipFMC”
      name, either alone or in combination with other words or elements as of the Effective Time not listed on Schedule I.J or Schedule I.H.

     

    “TFMC Business” means all businesses and operations (whether or not such businesses or operations are or have been terminated, divested or discontinued) conducted by TFMC and its Subsidiaries prior to the
      Effective Time that are not included in the TEN Business. For the avoidance of doubt, TFMC Business includes the business practices or conduct in connection with certain projects in Ghana and Equatorial Guinea that were awarded to certain
      Subsidiaries of TFMC in 2008 and 2009, respectively, referred to in the definition of “PNF Investigation”.

     

    “TFMC Financing Arrangements” means (i) a bridge facility agreement, with TechnipFMC plc, as borrower, in an aggregate principal amount up to $850.0 million to the extent debt securities are not issued to replace
      the bridge facility agreement and (ii) a revolving facility agreement, with TechnipFMC plc and FMC Technologies, Inc., as borrowers, in an aggregate principal amount up to $1.0 billion, in each case, to be established in accordance with the
      commitment letter between TechnipFMC plc and J.P. Morgan Chase Bank, N.A., Citigroup Global Markets Inc., DNB Capital, LLC, Société Générale, Sumitomo Mitsui Banking Corporation, Wells Fargo Bank, National Association, Wells Fargo Securities, LLC, ,
      Bank of America, N.A., BofA Securities, Inc., Standard Chartered Bank and The Northern Trust Company as mandated joint lead arrangers and joint bookrunning managers.

     

     “TFMC Intellectual Property” means (a)(i) the Intellectual Property set forth on Schedule I.K, (ii) the Excluded Intellectual Property, (ii) all Intellectual Property owned by either Party or any member
      of its respective Group thereunder as of the Effective Time not listed on Schedule I.K or Schedule I.D and (iii) all rights to sue or otherwise recover for any past, present, or future infringement, misappropriation, dilution, or
      other violations of the foregoing; and (b) all Intellectual Property rights licensed to TFMC or any its Affiliates, other than Intellectual Property licensed pursuant to TEN Contracts and included in the TEN Intellectual Property.

     

    “TFMC Group” means, immediately after the Effective Time, (a) TFMC and (b) each Subsidiary of TFMC.

     

    
      I-12

      
        

    

    “TFMC Leases” means (a) the Contracts related to the leasing or subleasing of real property set forth on Schedule I.L and (b) any Contracts related to the leading or subleasing of real property primarily
      used in connection with the TFMC Business as of the Effective Time not listed on Schedule I.L or Schedule I.E, in the case of both clauses (a) and (b), including all rights, interests or claims of either Party or any member of its
      respective Group thereunder as of the Effective Time.

     

    “TFMC Permits” means (a) any Permit set forth on Schedule I.M and (b) any Permit primarily used in connection with the TFMC Business as of the Effective Time not listed on Schedule I.M or Schedule

        I.F.

     

    “TFMC Properties” means (a) the real property set forth on Schedule I.N under the heading “TFMC Properties” and (b) any real property primarily used in connection with the TFMC Business as of the Effective
      Time not listed on Schedule I.G or Schedule I.N.

     

    “TFMC Specified Indebtedness” means the Indebtedness listed on Schedule I.O.

     

    “TFMC Specified Marks” means (a) all TFMC-Formative Marks, (b) any other Trademarks and domain names of TFMC or any of its Subsidiaries (other than the TEN Specified Marks), and (c) all Trademarks and domain names
      confusingly similar to or embodying any of the foregoing either alone or in combination with other words or elements, together with the goodwill associated with any of the foregoing.

     

    “Trademark Matters Agreement” means that certain Coexistence and Trademark Matters Agreement to be entered into between TFMC and TEN, which shall govern the use and ownership of TFMC-Formative Marks by the parties
      thereto and the transitional use of certain “Loading Arms Marks” of TFMC by TEN.

     

    “Trademarks” means all trademarks, service marks, trade names, trade dress, logos and other source or business identifiers, including all goodwill associated with any of the foregoing and any and all common law
      rights in and to any of the foregoing, registrations and applications for registration of any of the foregoing, all rights in and to any of the foregoing provided by international treaties or conventions, and all reissues, extensions and renewals of
      any of the foregoing.

     

    “Transfer” means any direct or indirect transfer, donation, sale, assignment, pledge, hypothecation, grant of a security interest in or other disposal or attempted disposal of all or any portion of a security, any
      interest or rights in a security, or any rights under this Agreement.

     

    “Transfer Documents” means transfer, contribution, distribution or other similar agreements, bills of sale, special warranty deeds, stock powers, certificates of title, assignments of contracts and other
      instruments of transfer, conveyance and assignment entered into, as of or prior to the Effective Time, between one or more members of the TFMC Group, on the one hand, and one or more members of the TEN Group, on the other hand, as and to the extent
      necessary to evidence: (a) the transfer, conveyance and assignment of all of such Party’s and the applicable members of its Group’s right, title and interest in and to the Assets to the other Party and the applicable members of its Group in
      accordance with Section 1.1(a); and (b) the valid and effective assumption of the Liabilities by such Party or the applicable members of its Group in accordance with Section 1.1(a).

     

    “Transition Services Agreement” means that certain Transition Services Agreement to be entered into between TFMC and TEN in connection with the Transactions, as such agreement may be modified or amended from time
      to time in accordance with its terms.

     

    
      I-13

      
        

    

    Other Defined Term References

     

    	
            Defined Term

          	
            Section

          
	
            ABB

          	
            Section 5.8(b)

          
	
            ABB Notice

          	
            Section 5.8(i)

          
	
            ABB Securities

          	
            Section 5.8(i)

          
	
            AFM

          	
            Preamble

          
	
            Agreement

          	
            Preamble

          
	
            Amended and Restated Articles of Association

          	
            Section 2.1(j)

          
	
            Amended Financial Report

          	
            Section 4.7(c)

          
	
            AMF

          	
            Preamble

          
	
            BPI

          	
            Section 5.11(c)

          
	
            Contribution

          	
            Recitals

          
	
            Covered Matter

          	
            Section 3.15(h)

          
	
            Depositary Bank

          	
            Section 2.1(a)

          
	
            Dispute

          	
            Section 6.1(a)

          
	
            Dispute Committee

          	
            Section 6.2

          
	
            Distribution

          	
            Recitals

          
	
            Election Securities

          	
            Section 5.8(i)

          
	
            FMO Election Notice

          	
            Section 5.8(j)

          
	
            FMO Notice

          	
            Section 5.8(j)

          
	
            Fully Marketed Offering

          	
            Section 5.8(e)

          
	
            Indemnifying Party

          	
            Section 3.4(a)

          
	
            Indemnitee

          	
            Section 3.4(a)

          
	
            Indemnity Payment

          	
            Section 3.4(a)

          
	
            Initial Notice

          	
            Section 6.2

          
	
            Intended Transferee

          	
            Section 1.2

          
	
            Intended Transferor

          	
            Section 1.2

          
	
            Misdirected Payment

          	
            Section 1.6(g)

          
	
            Records Facility

          	
            Section 4.4(a)

          
	
            Relationship Agreement

          	
            Section 5.11(c)

          
	
            Separation

          	
            Recitals

          
	
            Shared Contract

          	
            Section 1.4

          
	
            Shared Permit

          	
            Section 1.5

          
	
            Shared Policies

          	
            Section 3.15(a)

          
	
            Shareholder Nominated Director

          	
            Section 5.9(a)

          
	
            Specified Party

          	
            Section 1.6(g)

          
	
            Tax

          	
            Tax Matters Agreement

          
	
            Tax Returns

          	
            Tax Matters Agreement

          
	
            TEN

          	
            Preamble

          
	
            TEN Accounts

          	
            Section 1.6(a)

          
	
            TEN ADRs

          	
            Section 2.1(i)

          
	
            TEN Articles of Association

          	
            Section 2.1(j)

          
	
            TEN Assets

          	
            Section 1.1(b)

          
	
            TEN Board

          	
            Recitals

          

    

    

    
      I-14

      
        

    

    	
            Defined Term

          	Section
	
            TEN Business Records

          	
            Section 1.1(b)(i)(K)

          
	
            TEN Cash

          	
            Section 1.1(b)(i)(G)

          
	
            TEN Indemnitees

          	
            Section 3.2

          
	
            TEN Liabilities

          	
            Section 1.1(d)

          
	
            TEN Restricted Activities

          	
            Section 5.3(a)(ii)

          
	
            TEN Shares

          	
            Recitals

          
	
            TEN Shares Issuance

          	
            Recitals

          
	
            TFMC

          	
            Preamble

          
	
            TFMC Accounts

          	
            Section 1.6(a)

          
	
            TFMC Assets

          	
            Section 1.1(c)

          
	
            TFMC Board

          	
            Recitals

          
	
            TFMC Contracts

          	
            Section 1.1(c)(i)(A)

          
	
            TFMC Indemnitees

          	
            Section 3.3

          
	
            TFMC Liabilities

          	
            Section 1.1(e)

          
	
            TFMC Restricted Activities

          	
            Section 5.3(a)(i)

          
	
            TFMC Shares

          	
            Recitals

          
	
            Third Party

          	
            Section 3.5(a)

          
	
            Third-Party Claim

          	
            Section 3.5(a)

          
	
            Transactions

          	
            Recitals

          

    

    

    

      I-15

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