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SECOND SUPPLEMENTAL INDENTURE
 
Supplemental Indenture (this “Supplemental Indenture”), dated as of December 31, 2021, among Third Point Re (USA) Holdings Inc., a Delaware corporation, as issuer (the “Issuer”), SiriusPoint Ltd. (formerly known as Third Point Reinsurance Ltd.), a Bermuda exempted company, as new issuer (the “New Issuer”) and The Bank of New York Mellon, as trustee under the Indenture referred to below (the “Trustee”) (collectively, the “Parties”).
W I T N E S S E T H
WHEREAS, the Issuer has heretofore executed and delivered to the Trustee a Senior Indenture (the “Base Indenture”), dated as of February 13, 2015, between the Issuer, as issuer, the New Issuer, as guarantor, and The Bank of New York Mellon, as trustee (the “Trustee”), as supplemented by that certain First Supplemental Indenture (the “First Supplemental Indenture” and, the Base Indenture, as supplemented by the First Supplemental Indenture, the “Indenture”), dated as of February 13, 2015, between the Issuer, the New Issuer and the Trustee, pursuant to which the Issuer issued its $115,000,000 7.00% Senior Notes due 2025 (the “Notes”); 
WHEREAS, on December 16, 2021, the Issuer entered into a Merger Agreement with the New Issuer, pursuant to which, among other things, the Issuer will merge with and into the New Issuer with the New Issuer continuing as the surviving company (the “Merger”);
WHEREAS, Sections 801 and 903 of the Indenture provide that the Merger shall not be permitted unless, among other things, (a) the New Issuer (i) is a corporation organized in Bermuda; and (ii) expressly assumes by supplemental indenture the payment of all amounts due on the Notes and the performance of every obligation in the Indenture and the Notes on the part of the Company to be performed or observed; (b) immediately after giving effect to the Merger, no Event of Default, and no event that, after notice or lapse of time or both, would become an Event of Default, shall have happened and be continuing; and (c) the Issuer has delivered an Officer’s Certificate and an Opinion of Counsel to the Trustee stating that the Merger and any supplemental indenture required in connection with the Merger comply with the applicable provisions of the Indenture; the execution of this Supplemental Indenture is authorized or permitted by the Indenture; and that all conditions precedent have been complied with; 
WHEREAS, Section 901 of the Indenture provides that the Issuer, the New Issuer  and the Trustee may at any time and from time to time enter into an indenture supplemental to the Indenture without the consent of any Holders of Notes to evidence the succession of the New Issuer to the Issuer and the assumption by the New Issuer of the covenants of the Issuer under the Indenture and the Notes, in each case in compliance with the Indenture; and
WHEREAS, all acts and requirements necessary to make this Supplemental Indenture the legal, valid and binding obligation of the Issuer and the New Issuer have been done.
NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Issuer, the New Issuer and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:
1.    Capitalized Terms. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.
2.    Agreement to Assume Obligations. The New Issuer hereby expressly assumes all of the Issuer’s obligations under the Indenture.
3.    Release of Obligations of the Issuer. In accordance with Section 802 of the Indenture, upon the execution of this Supplemental Indenture by the Issuer, the New Issuer and the Trustee, the Issuer is released from all of its obligations and covenants under the Indenture and the Notes, and the New Issuer shall constitute the “Issuer” for purposes of the Notes and the Indenture.

4. Successors and Assigns. This Supplemental Indenture shall be binding upon the New Issuer and its successors and assigns and shall inure to the benefit of the successors and assigns of the Trustee and the Holders and, in the event of any transfer or assignment of rights by any Holder or the Trustee, the rights and privileges conferred upon that party in the Indenture and in the Notes shall automatically extend to and be vested in such transferee or assignee, all subject to the terms and conditions of this Indenture.
5. No Waiver. Neither a failure nor a delay on the part of either the Trustee or the Holders in exercising any right, power or privilege under this Supplemental Indenture, the Indenture or the Notes shall operate as a waiver thereof, nor shall a single or partial exercise thereof preclude any other or further exercise of any right, power or privilege. The rights, remedies and benefits of the Trustee and the Holders herein and therein expressly specified are cumulative and not exclusive of any other rights, remedies or benefits which either may have under this Supplemental Indenture, the Indenture or the Notes at law, in equity, by statute or otherwise.
6. Modification. No modification, amendment or waiver of any provision of this Supplemental Indenture, nor the consent to any departure by the New Issuer, therefrom, shall in any event be effective unless the same shall be in writing and signed by the Trustee, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. No notice to or demand by the New Issuer in any case shall entitle the New Issuer to any other or further notice or demand in the same, similar or other circumstances.
7. Ratification of Indenture; Supplemental Indentures Part of Indenture. Except as expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every holder of the Notes heretofore or hereafter authenticated and delivered shall be bound hereby. The Trustee may authenticate Notes by manual or electronic signature. 
8. Governing Law. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK BUT WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.
9. Counterparts. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement.
10. Effect of Headings. The Section headings herein are for convenience only and shall not affect the construction thereof.
11. Trustee. The Trustee makes no representations as to the validity or sufficiency of this Supplemental Indenture. The recitals and statements herein are deemed to be those of the Issuer and the New Issuer and not of the Trustee.
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IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed and attested, all as of the date first above written.
Dated as of December 31, 2021
Third Point Re (USA) Holdings Inc, as Issuer

By:     /s/ David Govrin
Name: David Govrin
Title:  Global CUO & President, Americas Re 

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SiriusPoint Ltd, as New Issuer

By:    /s/ David Junius    
Name: David Junius
Title:   Chief Financial Officer

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The Bank of New York Mellon, as Trustee

By:    /s/ Francine Kincaid    
Name: Francine Kincaid
Title: Vice President
5Exhibit 10.1 

 

ENVIVA
INC.

LONG-TERM INCENTIVE PLAN

 

Section 1.              Purpose
of the Plan. The Enviva Inc. Long-Term Incentive
Plan (the “Plan”) has been adopted by Enviva Inc., a Delaware corporation (the “Company”)
as of December 31, 2021 (the “Effective Date”). The Plan was originally adopted as the Enviva Partners,
LP Long-Term Incentive Plan (the “Prior Plan”). In connection with the Company’s conversion from a Delaware
limited partnership (named Enviva Partners, LP (the “Predecessor”)) to a Delaware corporation, the Company
hereby amends and restates the Prior Plan as set forth below as of the Effective Date.

 

The
Plan is intended to promote the interests of the Company and its Affiliates by providing to Employees, Consultants, and Directors incentive
compensation awards denominated in or based on Stock to encourage superior performance. The Plan is also intended to enhance the ability
of the Company and its Affiliates to attract and retain the services of individuals who are essential for the growth and profitability
of the Company and to encourage such individuals to devote their best efforts to advancing the business of the Company and its Affiliates.

 

Section 2.                Definitions.
As used in the Plan, the following terms shall have the meanings set forth below:

 

(a)            “Affiliate”
means, with respect to any Person, any other Person that directly or indirectly through one or more intermediaries controls, is controlled
by, or is under common control with, the Person in question. As used herein, the term “control” means the possession, direct
or indirect, of the power to direct or cause the direction of the management, and policies of a Person, whether through ownership of
voting securities, by contract or otherwise.

 

(b)            “ASC
Topic 718” means Accounting Standards Codification Topic 718, Compensation – Stock Compensation, or any successor
accounting standard.

 

(c)            “Award”
means an Option, Restricted Stock, Restricted Stock Unit, DER, Stock Appreciation Right, Other Stock-Based Award, or Cash Award granted
under the Plan.

 

(d)            “Award
Agreement” means the written or electronic agreement by which an Award shall be evidenced.

 

(e)            “Board”
means the board of directors of the Company.

 

(f)            “Cash
Award” means an Award denominated in cash granted pursuant to Section 6(d).

 

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

 

(h)            “Committee”
means the Board or such committee of, and appointed by, the Board to administer the Plan; provided, however, that in the
absence of the Board’s appointment of another committee to administer the Plan, the Compensation Committee of the Board shall serve
as the Committee.

 

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(i)            “Consultant”
means an individual, other than a Director or Employee, who renders bona fide consulting or advisory services to the Company or its Affiliates.

 

(j)            “DER”
means a dividend equivalent right representing a contingent right to receive an amount in cash, Stock, Restricted Stock, and/or Restricted
Stock Units, as determined by the Committee in its sole discretion, equal in value to the dividends paid by the Company with respect
to a share of Stock during the period such Award is outstanding.

 

(k)            “Director”
means a member of the Board who is not an Employee.

 

(l)            “Employee”
means an employee of the Company or its Affiliates.

 

(m)            “Exchange
Act” means the Securities Exchange Act of 1934, as amended.

 

(n)            “Fair
Market Value” means, as of any given date, (i) if the Stock is traded on a national securities exchange on such date,
the closing sales price of a share of Stock on such date during normal trading hours (or, if there are no reported sales on such date,
on the last date prior to such date on which there were reported sales) on the New York Stock Exchange or, if the Stock is not then listed
on such exchange, on any other national securities exchange on which the Stock is listed or on an inter-dealer quotation system, in any
case, as reported in such source as the Committee shall select or (ii) if there is no regular public trading market for the Stock
at the time a determination of fair market value is required to be made hereunder, the amount determined in good faith by the Committee
to be the fair market value of a share of Stock as of such date.

 

(o)            “Option”
means an option to purchase Stock granted pursuant to Section 6(a).

 

(p)            “Other
Stock-Based Award” means an Award granted pursuant to Section 6(d).

 

(q)            “Participant”
means an Employee, Consultant, or Director granted an Award under the Plan.

 

(r)            “Person”
means an individual or a corporation, limited liability company, partnership, joint venture, trust, unincorporated organization, association,
governmental agency or political subdivision thereof, or other entity.

 

(s)            “Qualified
Member” means a member of the Committee who is a “nonemployee director” within the meaning of Rule 16b-3.

 

(t)            “Restricted
Period” means the period established by the Committee with respect to an Award or Stock during which the Award or Stock
remains subject to restrictions established by the Committee, including, without limitation, a period during which an Award or Stock
is subject to forfeiture or restrictions on transfer, or is not yet exercisable by or payable to the Participant, as the case may be.
As the context requires, the word “vest” and its derivatives refers to the lapse of some or all, as the case may be, of the
restrictions imposed on an Award or Stock during such Restricted Period.

 

(u)            “Restricted
Stock” means a share of Stock granted pursuant to Section 6(b) that is subject to a Restricted Period.

 

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(v)            “Restricted
Stock Unit” or “RSU” means a right, granted to an eligible person under Section 6(b), to
receive a share of Stock, cash, or a combination thereof at the end of a specified period (which may or may not be coterminous with the
vesting schedule of the Award).

  

(w)            “Rule 16b-3”
means Rule 16b-3 promulgated by the SEC under the Exchange Act or any successor rule or regulation thereto as in effect from
time to time.

 

(x)            “SEC”
means the Securities and Exchange Commission, or any successor thereto.

 

(y)            “Section 409A”
means Section 409A of the Code and the Department of Treasury regulations and other interpretive guidance issued thereunder, including,
without limitation, any such regulations or guidance that may be amended or issued after the effective date of the Plan.

 

(z)            “Stock”
means the Company’s common stock, par value $0.001 per share, and such other securities as may be substituted (or re-substituted)
for Stock pursuant to the terms of this Plan.

 

(aa)     “Stock
Appreciation Right” or “SAR” means an Award that, upon exercise, entitles the holder to receive
the excess of the Fair Market Value of a share of Stock on the exercise date of the SAR over the exercise price established for such
SAR. Such excess may be paid in cash and/or in Stock as determined by the Committee in its discretion and as provided in the applicable
Award Agreement.

 

Section 3.               Administration.

 

(a)            Authority
of the Committee. The Plan shall be administered by the Committee, subject to Section 3(b); provided, however,
that in the event that the Board is not also serving as the Committee, the Board, in its sole discretion, may at any time and from time
to time exercise any and all rights and duties of the Committee under the Plan. The governance of the Committee shall be subject to the
charter, if any, of the Committee as approved by the Board. Subject to the following and applicable law, the Committee, in its sole discretion,
may delegate any or all of its powers and duties under the Plan, including the power to grant Awards under the Plan, to the Chief Executive
Officer of the Company, subject to such limitations on such delegated powers, and duties as the Committee may impose, if any. Upon any
such delegation all references in the Plan to the “Committee”, other than in Section 7, shall be deemed to include the
Chief Executive Officer; provided, however, that such delegation shall not limit the Chief Executive Officer’s right
to receive Awards under the Plan. Notwithstanding the foregoing, the Chief Executive Officer may not grant Awards to, or take any action
with respect to any Award previously granted to, a person who is then an officer subject to Rule 16b-3 or a member of the Board.
Subject to the terms of the Plan and applicable law, and in addition to other express powers and authorizations conferred on the Committee
by the Plan, the Committee shall have full power and authority to: (i) designate Participants; (ii) determine the type or types
of Awards to be granted to a Participant; (iii) determine the number of shares of Stock to be covered by Awards; (iv) determine
the terms and conditions of any Award, consistent with the terms of the Plan, which terms may include any provision regarding the acceleration
of vesting or waiver of forfeiture restrictions or any other condition or limitation regarding an Award, based on such factors as the
Committee shall determine, in its sole discretion; (v) determine whether, to what extent, and under what circumstances Awards may
be vested, settled, exercised, canceled, or forfeited; (vi) interpret and administer the Plan and any instrument or agreement relating
to an Award made under the Plan; (vii) establish, amend, suspend, or waive such rules and regulations and appoint such agents
as it shall deem appropriate for the proper administration of the Plan; and (viii) make any other determination and take any other
action that the Committee deems necessary or desirable for the administration of the Plan. The Committee may correct any defect, supply
any omission, or reconcile any inconsistency in the Plan, in any Award or in any Award Agreement in such manner and to such extent as
the Committee deems necessary or appropriate. Unless otherwise expressly provided in the Plan, all designations, determinations, interpretations,
and other decisions under or with respect to the Plan, or any Award, shall be within the sole discretion of the Committee, may be made
at any time and shall be final, conclusive, and binding upon all Persons, including the Company, its Affiliates, any Participant, and
any beneficiary of any Award.

 

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(b)            Authority
of a Subcommittee of the Committee. If the Board is not functioning as the Committee, then, at any time that a member of the Committee
is not a Qualified Member, any action of the Committee relating to an Award granted or to be granted to a Participant who is then subject
to Section 16 of the Exchange Act in respect of the Company may be taken either (i) by a subcommittee, designated by the Committee,
composed solely of two or more Qualified Members, (ii) by the Committee but with each such member who is not a Qualified Member
abstaining or recusing himself or herself from such action; provided, however, that upon such abstention or recusal the
Committee remains composed solely of two or more Qualified Members, or (iii) by the full Board. Such action, authorized by such
a subcommittee, by the Committee upon the abstention or recusal of such non-Qualified Member(s) or by the full Board, shall be the
action of the Committee for all purposes of the Plan.

 

(c)            Limitation
of Liability. The Committee and each member thereof shall be entitled to, in good faith, rely or act upon any report or other information
furnished to him or her by any officer or employee of the Company or its Affiliates, the Company’s legal counsel, independent auditors,
consultants or any other agents assisting in the administration of the Plan. Members of the Committee and any officer or employee of
the Company or its Affiliates acting at the direction or on behalf of the Committee shall not be personally liable for any action or
determination taken or made in good faith with respect to the Plan, and shall, to the fullest extent permitted by law, be indemnified
and held harmless by the Company with respect to any such action or determination.

 

Section 4.                Stock.

 

(a)            Limits
on Stock Deliverable. Subject to adjustment as provided in Section 4(c) and Section 7, the number of shares of Stock
that may be delivered on and after December 31, 2021, with respect to Awards under the Plan is 3,450,000 (which number is inclusive
of the common units (which were converted to Stock as of the Effective Date) underlying Awards outstanding under the Prior Plan immediately
prior to the Effective Date). If any Award is forfeited, cancelled, exercised, settled in cash, or otherwise terminates or expires without
the actual delivery of Stock pursuant to such Award (the grant of Restricted Stock is not a delivery of Stock for this purpose unless
and until the Restricted Period for such Restricted Stock lapses), or if any shares of Stock under an Award are held back to cover the
exercise price or tax withholding (including the withholding of shares of Stock with respect to an Award of Restricted Stock), then,
in either such case, the shares of Stock underlying such Awards that are so forfeited, cancelled, exercised, settled in cash, or that
otherwise terminate or expire without the actual delivery of Stock and shares of Stock so held back shall be available to satisfy future
Awards under the Plan. There shall not be any limitation on the number of Awards that may be paid in cash.

 

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(b)            Sources
of Stock Deliverable under Awards. Any shares of Stock delivered pursuant to an Award shall consist, in whole or in part, of (i) Stock
acquired in the open market, (ii) Stock acquired from the Company (including newly issued Stock), any Affiliate of the Company or
any other Person, or (iii) any combination of the foregoing, as determined by the Committee in its discretion.

 

(c)            Adjustments.

 

(i)            Certain
Restructurings. Upon the occurrence of any “equity restructuring” event that could result in an additional compensation
expense to the Company pursuant to the provisions of ASC Topic 718 if adjustments to Awards with respect to such event were discretionary,
the Committee shall equitably adjust the number and type of Stock (or other securities or property) covered by each outstanding Award
and the terms and conditions, including the exercise price and performance criteria (if any), of such Award to equitably reflect such
event and shall adjust the number and type of Stock (or other securities or property) with respect to which Awards may be granted under
the Plan after such event. Upon the occurrence of any other similar event that would not result in an accounting charge under ASC Topic 718
if the adjustment to Awards with respect to such event were subject to discretionary action, the Committee shall have complete discretion
to adjust Awards and the number and type of Stock (or other securities or property) with respect to which Awards may be granted under
the Plan in such manner as it deems appropriate with respect to such other event. In the event the Committee makes any adjustment pursuant
to the foregoing provisions of this Section 4(c), the Committee shall make a corresponding and proportionate adjustment with respect
to the maximum number of shares of Stock that may be delivered with respect to Awards under the Plan as provided in Section 4(a) and
the kind of Stock or other securities available for grant under the Plan.

 

(ii)            Other
Adjustments. Subject to, and without limiting the scope of, the provisions of Section 4(c)(i), in the event that the Committee
determines that any distribution (whether in the form of cash, Stock, other securities, or other property), recapitalization, split,
reverse split, reorganization, merger, change of control, consolidation, split-up, spin-off, combination, repurchase, or exchange of
Stock or other securities of the Company, issuance of warrants or other rights to purchase Stock or other securities of the Company,
or other similar transaction or event affects the Stock such that an adjustment is determined by the Committee, in its sole discretion,
to be appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under
the Plan, then the Committee shall, in such manner as it may deem equitable, adjust any or all of (A) the number of shares and type
of Stock (or other securities or property) with respect to which Awards may be granted, (B) the number of shares and type of Stock
(or other securities or property) subject to outstanding Awards, and (C) the grant or exercise price with respect to any Award or,
if deemed appropriate, make provision for a cash payment to the holder of an outstanding Award; provided, that the number
of shares of Stock subject to any Award shall always be a whole number. Further, upon the occurrence of any event described in the preceding
sentence, the Committee, acting in its sole discretion without the consent or approval of any holder, may effect one or more of the following
alternatives, which may vary among individual holders and which may vary among Awards: (I) remove any applicable forfeiture restrictions
on any Award; (II) accelerate the time of exercisability or the time at which the Restricted Period shall lapse to a specific date
specified by the Committee; (III) require the mandatory surrender to the Company by selected holders of some or all of the outstanding
Awards held by such holders (irrespective of whether such Awards are then subject to a Restricted Period or other restrictions pursuant
to the Plan) as of a date specified by the Committee, in which event the Committee shall thereupon cancel such Awards and cause the Company
or any of its Affiliates to pay to each holder an amount of cash per share of Stock equal to the per Stock value as determined by the
Committee as of the date determined by the Committee to be the date of cancellation and surrender of such Awards less the exercise price,
if any, applicable to such Awards; provided, however, that to the extent the exercise price of an Option or SAR exceeds
such per share of Stock value as determined by the Committee, no consideration will be paid with respect to that Award; (IV) cancel
Awards that remain subject to a Restricted Period as of a date specified by the Committee without payment of any consideration to the
Participant for such Awards; or (V) make such adjustments to Awards then outstanding as the Committee deems appropriate to reflect
such event (including, without limitation, the substitution of new awards for Awards); provided, however, that the Committee
may determine in its sole discretion that no adjustment is necessary to Awards then outstanding.

 

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Section 5.              Eligibility.
Any Employee, Consultant, or Director shall be eligible to be designated a Participant and receive an Award under the Plan; provided,
however, that, any such individual must be an “employee” of the Company or any of its parents or subsidiaries within
the meaning of General Instruction A.1(a) to Form S-8 Registration Statement under the Securities Act of 1933, as amended,
if such individual is granted an Award that may be settled in Stock.

 

Section 6.                Awards.

 

(a)            Options
and SARs. The Committee shall have the authority to determine the Employees, Consultants, and Directors to whom Options and/or SARs
shall be granted, the number of shares of Stock to be covered by each Option or SAR, the exercise price therefor, the Restricted Period,
and other conditions and limitations applicable to the exercise of the Option or SAR, including the following terms and conditions and
such additional terms and conditions, as the Committee shall determine, that are not inconsistent with the provisions of the Plan.

 

(i)            Exercise
Price. The exercise price per share of Stock purchasable under an Option or subject to a SAR shall be determined by the Committee
at the time the Option or SAR is granted but, except with respect to substitute Awards pursuant to Section 6(e)(viii), may not be
less than the Fair Market Value of a share of Stock as of the date of grant of such Option or SAR.

 

(ii)            Time
and Method of Exercise. The Committee shall determine the exercise terms and the Restricted Period, if any, with respect to an Option
or SAR, which may include, without limitation, a provision for accelerated vesting upon the achievement of specified performance goals
and/or other events, and the method or methods by which payment of the exercise price with respect to an Option or SAR may be made or
deemed to have been made, which may include, without limitation, cash, check acceptable to the Company, withholding Stock having a Fair
Market Value on the exercise date equal to the relevant exercise price from the Award, a “cashless-broker” exercise through
procedures approved by the Company, other securities or other property, a note (in a form acceptable to the Company), or any combination
of the foregoing methods.

 

(iii)            Forfeitures.
Except as otherwise provided in the terms of the Award Agreement, upon termination of a Participant’s employment with (or service
to) the Company and its Affiliates or membership on the Board, whichever is applicable, for any reason during the applicable Restricted
Period, all outstanding Options and SARs awarded to the Participant shall be automatically forfeited on such termination.

 

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(b)            Restricted
Stock and Restricted Stock Units. The Committee shall have the authority to determine the Employees, Consultants, and Directors to
whom Restricted Stock or Restricted Stock Units shall be granted, the number of Restricted Stock or Restricted Stock Units to be granted
to each such Participant, the applicable Restricted Period, the conditions under which the Restricted Stock or Restricted Stock Units
may become vested or forfeited, and such other terms and conditions as the Committee may establish with respect to such Awards, including
whether DERs are granted with respect to the Restricted Stock Units.

 

(i)            Dividends
on Restricted Stock. To the extent determined by the Committee, in its discretion, the Award Agreement for a grant of Restricted
Stock may provide that dividends made by the Company with respect to the Restricted Stock shall be subject to the same forfeiture and
other restrictions as the Restricted Stock and, if restricted, such dividends shall be held, with or without interest or other earnings
credit (as determined by the Committee), until the Restricted Stock vests or is forfeited with the dividend being paid or forfeited at
the same time, as the case may be. Absent such a restriction on the dividends in the Award Agreement, dividends shall be paid to the
holder of the Restricted Stock without restriction at the same time as cash dividends are paid by the Company to its shareholders.

 

(ii)            Forfeitures.
Except as otherwise provided in the terms of the applicable Award Agreement, upon termination of a Participant’s employment with
(or service to) the Company and its Affiliates or membership on the Board, whichever is applicable, for any reason during the applicable
Restricted Period, all outstanding, unvested Restricted Stock and Restricted Stock Units awarded to the Participant shall be automatically
forfeited on such termination.

 

(iii)            Lapse
of Restrictions.

 

(A)            Restricted
Stock Units. Unless otherwise provided in the applicable Award Agreement, upon or as soon as reasonably practical following the vesting
of each Restricted Stock Unit, subject to Section 8(b), the Participant shall be entitled to settlement of such Restricted Stock
Unit and shall receive one share of Stock (or such greater or lesser number of Stock as may be provided pursuant to the applicable Award
Agreement) or an amount in cash equal to the Fair Market Value (for purposes of this Section 6(b)(iii), as calculated on the last
day of the Restricted Period) of a share of Stock (or such greater or lesser number of shares of Stock as may be provided pursuant to
the applicable Award Agreement), or a combination thereof, as determined by the Committee in its discretion and as provided in the applicable
Award Agreement.

 

(B)            Restricted
Stock. Upon or as soon as reasonably practicable following the vesting of each Restricted Stock, subject to Section 8(b), the
Participant shall be entitled to have the restrictions removed from his or her Stock certificate (or book entry account, as applicable).

 

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(c)            DERs.
The Committee shall have the authority to determine the Employees, Consultants, and Directors to whom DERs are granted, whether such
DERs are tandem or separate Awards, whether such DERs shall be paid directly to the Participant, be credited to a bookkeeping account
(with or without interest or other earnings credit), any vesting restrictions and payment provisions applicable to the DERs, and such
other provisions or restrictions as determined by the Committee in its discretion, all of which shall be specified in the applicable
Award Agreements. Distributions in respect of DERs shall be credited as of the dividend dates during the period between the date an Award
is granted to a Participant and the date such Award vests, is exercised, is distributed or expires, as determined by the Committee. Such
DERs shall be converted to cash, Stock, Restricted Stock and/or Restricted Stock Units by such formula, and, at such time(s) and
subject to such limitations as may be determined by the Committee. Tandem DERs may be subject to the same or different vesting restrictions
as the underlying Award, or be subject to such other provisions or restrictions as determined by the Committee in its discretion.

 

(d)            Other
Stock-Based Awards; Cash Awards. Other Stock-Based Awards may be granted under the Plan to such Employees, Consultants, and/or Directors
as the Committee, in its discretion, may select. An Other Stock-Based Award shall be an award denominated or payable in, valued in, or
otherwise based on or related to Stock, in whole or in part. The Committee shall determine the terms and conditions of any Other Stock-based
Award, including whether such Other Stock-based Award (or any portion thereof) is fully vested when granted and, if such Other Stock-based
Award (or any portion thereof) is not fully vested when granted, the conditions under which such Other Stock-based Award (or the unvested
portion thereof) may become vested or forfeited. An Other Stock-based Award may be paid in cash, Stock (including Restricted Stock) or
any combination thereof as provided in the applicable Award Agreement. Cash Awards, as an element of or supplement to, or independent
of any other Award under the Plan, may also be granted pursuant to this Section 6(d).

 

(e)            Certain
Provisions Applicable to Awards.

 

(i)            Awards
May Be Granted Separately or Together. Awards may, in the discretion of the Committee, be granted either alone or in addition
to, in tandem with, or in substitution for any other Award granted under the Plan or any award granted under any other plan of the Company
or any Affiliate of the Company. Awards granted in addition to or in tandem with other Awards or awards granted under any other plan
of the Company or its Affiliates may be granted either at the same time as or at a different time from the grant of such other Awards
or awards.

 

(ii)            Limits
on Transfer of Awards.

 

(A)            Except
as provided in Section 6(e)(ii)(C) each Option and SAR shall be exercisable only by the Participant during the Participant’s
lifetime, or by the Person to whom the Participant’s rights shall pass by will or the laws of descent and distribution.

 

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(B)            Except
as provided in Section 6(e)(ii)(C), no Award and no right under any such Award may be assigned, alienated, pledged, attached, sold,
or otherwise transferred or encumbered by a Participant other than by will or the laws of descent and distribution and any such purported
assignment, alienation, pledge, attachment, sale, transfer or encumbrance shall be void, and unenforceable against the Company or its
Affiliates; provided, however, that in the event there is any conflict between this Section 6(e) and the Company’s then-current
insider trading policy, the insider trading policy shall control.

 

(C)            The
Committee may provide in an Award Agreement or in its discretion that an Award may, on such terms and conditions as the Committee may
from time to time establish, be transferred by a Participant without consideration to any “family member” of the Participant,
as defined in the instructions to use of the Form S-8 Registration Statement under the Securities Act of 1933, as amended, or any
related family trust, limited partnership or other transferee specifically approved by the Committee.

 

(iii)            Term
of Awards. The term of each Award shall be for such period as may be determined by the Committee.

 

(iv)            Issuance
of Stock. The Stock or other securities of the Company delivered pursuant to an Award may be evidenced in any manner deemed appropriate
by the Committee in its sole discretion, including, without limitation, in the form of a certificate issued in the name of the Participant
or by book entry, electronic or otherwise and shall be subject to such stop transfer orders and other restrictions as the Committee may
deem advisable under the Plan or the rules, regulations, and other requirements of the SEC, any securities exchange upon which such Stock
or other securities are then listed, and any applicable laws, and the Committee may cause a legend or legends to be inscribed on any
certificates, if applicable, to make appropriate reference to such restrictions.

 

(v)            Consideration
for Grants. To the extent permitted by applicable law, Awards may be granted for such consideration, including services, as the Committee
shall determine.

 

(vi)            Delivery
of Stock or other Securities and Payment by Participant of Consideration. Notwithstanding anything in the Plan or any Award Agreement
to the contrary, the Company shall not be required to issue or deliver any certificates or make any book entries evidencing Stock pursuant
to the exercise or vesting of any Award unless and until the Committee has determined, with advice of counsel, that the issuance of such
Stock is in compliance with all applicable laws, regulations of governmental authorities and, if applicable, the requirements of any
securities exchange on which the Stock is listed or traded, and the Stock is covered by an effective registration statement or applicable
exemption from registration. In addition to the terms and conditions provided herein, the Committee may require that a Participant make
such reasonable covenants, agreements, and representations as the Committee, in its discretion, deems advisable in order to comply with
any such laws, regulations, or requirements. Without limiting the generality of the foregoing, the delivery of Stock pursuant to the
exercise or vesting of an Award may be deferred for any period during which, in the good faith determination of the Committee, the Company
is not reasonably able to obtain or deliver Stock pursuant to such Award without violating applicable law or the applicable rules or
regulations of any governmental agency or authority or securities exchange. No Stock or other securities shall be delivered pursuant
to any Award until payment in full of any amount required to be paid pursuant to the Plan or the applicable Award Agreement (including,
without limitation, any exercise price or tax withholding) is received by the Company. Such payment may be made by such method or methods
and in such form or forms as the Committee shall determine, including, without limitation, cash, other Awards, withholding of Stock,
cashless broker exercises with simultaneous sale, or any combination thereof; provided that the combined value, as determined
by the Committee, of all cash and cash equivalents and the Fair Market Value of any such Stock or other property so tendered to the Company,
as of the date of such tender, is at least equal to the full amount required to be paid to the Company pursuant to the Plan or the applicable
Award Agreement.

 

    9

     

    

  

(vii)            Change
of Control. If specifically provided in an Award Agreement, upon a change of control (as defined in such Award Agreement) the Award
may automatically vest and be payable or become exercisable in full, as the case may be.

 

(viii)            Substitute
Awards. Awards may be granted under the Plan in substitution of similar awards held by individuals who are or who become Employees,
Consultants, or Directors in connection with a merger, consolidation or acquisition by the Company or one of its Affiliates of another
entity or the securities or assets of another entity (including in connection with the acquisition by the Company or one of its Affiliates
of additional securities of an entity that is an existing Affiliate of the Company). To the extent permitted by Section 409A, such
substitute Awards that are Options or SARs may have exercise prices less than the Fair Market Value of a share of Stock on the date of
the substitution.

 

(ix)            Prohibition
on Repricing of Options and SARs. Subject to the provisions of Section 4(c) and Section 7(c), the terms of outstanding
Award Agreements may not be amended without the approval of the Company’s shareholders so as to (A) reduce the Stock exercise
price of any outstanding Options or SARs, (B) grant a new Option, SAR, or other Award in substitution for, or upon the cancellation
of, any previously granted Option or SAR that has the effect of reducing the exercise price thereof, (C) exchange any Option or
SAR for Stock, cash, or other consideration when the exercise price per share of Stock under such Option or SAR exceeds the Fair Market
Value of the underlying share of Stock, or (D) take any other action that would be considered a “repricing” of an Option
or SAR under the listing standards of the New York Stock Exchange or, if the Stock is not then listed on such exchange, to the extent
applicable, on any other national securities exchange on which the Stock is listed. Subject to Section 4(c), Section 7(c),
and Section 8(n), the Committee shall have the authority, without the approval of the Company’s shareholders, to amend any
outstanding Award to increase the per Stock exercise price of any outstanding Options or SARs or to cancel and replace any outstanding
Options or SARs with the grant of Options or SARs having a per Stock exercise price that is equal to or greater than the per Stock exercise
price of the original Options or SARs.

 

Section 7.             Amendment
and Termination. Except to the extent prohibited
by applicable law:

 

(a)            Amendments
to the Plan. Except as required by applicable law or the rules of the principal securities exchange on which the Stock is traded
and subject to Section 7(b) below, the Board may amend, alter, suspend, discontinue, or terminate the Plan in any manner, including
increasing the number of shares of Stock available for Awards under the Plan, without the consent of any stockholder, Participant, other
holder, or beneficiary of an Award, or other Person.

 

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(b)            Amendments
to Awards. Subject to Section 7(a), the Committee may waive any conditions or rights under, amend any terms of, or alter any
Award theretofore granted (including, without limitation, requiring or allowing for an election to settle an Award in cash), provided
no change, other than pursuant to Section 4(c) or Section 7(c), in any Award shall materially reduce the benefit to a
Participant without the consent of such Participant.

 

(c)            Adjustment
of Awards Upon the Occurrence of Certain Unusual or Nonrecurring Events. The Committee is hereby authorized to make adjustments in
the terms and conditions of, and the criteria included in, Awards in recognition of unusual or nonrecurring events (including, without
limitation, the events described in Section 4(c)) affecting the Company or the financial statements of the Company, or of changes
in applicable laws, regulations, or accounting principles, whenever the Committee determines that such adjustments are appropriate in
order to prevent dilution or enlargement of the benefits, or potential benefits intended to be made available under the Plan or such
Award.

 

Section 8.              General
Provisions.

 

(a)            No
Rights to Award. No Person shall have any claim to be granted any Award under the Plan, and there is no obligation for uniformity
of treatment of Participants. The terms and conditions of Awards need not be the same with respect to each recipient.

 

(b)            Tax
Withholding. Unless other arrangements have been made that are acceptable to the Company or any of its Affiliates, the Company or
any Affiliate of the Company is authorized to deduct, withhold, or cause to be deducted or withheld, from any Award, from any payment
due or transfer made under any Award or from any compensation or other amount owing to a Participant the amount (in cash, Stock, including
Stock that would otherwise be issued pursuant to such Award, or other property) of any applicable taxes payable in respect of the grant
or settlement of an Award, its exercise, the lapse of restrictions thereon, or any other payment or transfer under an Award or under
the Plan, and to take such other action as may be necessary in the opinion of the Company or any Affiliate of the Company to satisfy
its withholding obligations for the payment of such taxes. In the event that Stock that would otherwise be issued pursuant to an Award
is used to satisfy such withholding obligations, the maximum number of shares of Stock that may be so withheld or surrendered shall be
the number of shares of Stock that have an aggregate Fair Market Value on the date of withholding or surrender equal to the aggregate
amount of such tax liabilities determined based on the greatest withholding rates for federal, state, foreign, and/or local tax purposes,
including payroll taxes, that may be utilized without creating adverse accounting treatment for the Company, or any of its Affiliates
with respect to such Award, as determined by the Committee.

 

(c)            No
Right to Employment or Service Relationship. The grant of an Award shall not be construed as giving a Participant the right to be
retained in the employ of the Company or any of its Affiliates, to continue providing consulting services, or to remain on the Board,
as applicable. Furthermore, the Company or an Affiliate of the Company may at any time dismiss a Participant from employment or his or
her service relationship, free from any liability or any claim under the Plan, unless otherwise expressly provided in the Plan, any Award
Agreement, or other written agreement between any such entity and a Participant.

 

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(d)            Governing
Law. The validity, construction, and effect of the Plan and any rules and regulations relating to the Plan shall be determined
in accordance with the laws of the State of Delaware without regard to its conflict of laws principles.

 

(e)            Severability.
If any provision of the Plan or any Award is or becomes or is deemed to be invalid, illegal, or unenforceable in any jurisdiction or
as to any Person or Award, or would disqualify the Plan or any Award under any law deemed applicable by the Committee, such provision
shall be construed or deemed amended to conform to the applicable law or, if it cannot be construed or deemed amended without, in the
determination of the Committee, materially altering the intent of the Plan or the Award, such provision shall be stricken as to such
jurisdiction, Person, or Award, and the remainder of the Plan and any such Award shall remain in full force and effect.

 

(f)            Other
Laws. The Committee may refuse to issue or transfer any Stock or other consideration under an Award if, in its sole discretion, it
determines that the issuance or transfer of such Stock or such other consideration might violate any applicable law or regulation or
the rules of the principal securities exchange on which the Stock is then traded, or entitle the Company or an Affiliate of the
Company to recover the same under Section 16(b) of the Exchange Act, and any payment tendered to the Company by a Participant,
other holder, or beneficiary in connection with the exercise of such Award shall be promptly refunded to the relevant Participant, holder,
or beneficiary.

 

(g)            No
Trust or Fund Created. Neither the Plan nor any Award shall create or be construed to create a trust or separate fund of any kind
or a fiduciary relationship between the Company or any Affiliate of the Company and a Participant or any other Person. To the extent
that any Person acquires a right to receive payments from the Company or any Affiliate of the Company pursuant to an Award, such right
shall be no greater than the right of any general unsecured creditor of the Company or such Affiliate.

 

(h)            No
Fractional Shares of Stock. No fractional shares of Stock shall be issued or delivered pursuant to the Plan or any Award, and the
Committee shall determine in its sole discretion whether cash, other securities, or other property shall be paid or transferred in lieu
of any fractional share of Stock, or whether such fractional share of Stock or any rights thereto shall be canceled, terminated, or otherwise
eliminated with or without consideration.

 

(i)            Headings.
Headings are given to the Sections and subsections of the Plan solely as a convenience to facilitate reference. Such headings shall not
be deemed in any way material or relevant to the construction or interpretation of the Plan or any provision hereof.

 

(j)            Facility
Payment. Any amounts payable hereunder to any individual under legal disability or who, in the judgment of the Committee, is unable
to properly manage his financial affairs, may be paid to the legal representative of such individual, or may be applied for the benefit
of such individual in any manner that the Committee may select, and the Company and its Affiliates shall be relieved of any further liability
for payment of such amounts.

 

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(k)            Participation
by Affiliates. In making Awards to Employees employed by, or Consultants providing services to, an Affiliate of the Company, the
Committee shall be acting on behalf of the Affiliate of the Company, and to the extent the Company has an obligation to reimburse the
Company for compensation paid to Employees or Consultants for services rendered for the benefit of the Company, such reimbursement payments
may be made by the Company directly to the Affiliate of the Company, and, if made to the Company, shall be received by the Company as
agent for the Affiliate of the Company.

 

(l)            Allocation
of Costs. Nothing herein shall be deemed to override, amend, or modify any cost sharing arrangement, omnibus agreement, or other
arrangement between the Company and its Affiliates regarding the sharing of costs between such entities.

 

(m)            Gender
and Number. Words in the masculine gender shall include the feminine gender, the plural shall include the singular, and the singular
shall include the plural.

 

(n)            Compliance
with Section 409A. Nothing in the Plan or any Award Agreement shall operate or be construed to cause the Plan or an Award that
is subject to Section 409A to fail to comply with the requirements of Section 409A. The applicable provisions of Section 409A
are hereby incorporated by reference and shall control over any Plan or Award Agreement provision in conflict therewith or that would
cause a failure of compliance thereunder, to the extent necessary to resolve such conflict or obviate such failure. Subject to any other
restrictions or limitations contained herein, in the event that a “specified employee” (as defined under Section 409A)
becomes entitled to a payment under an Award that constitutes a “deferral of compensation” (as defined under Section 409A)
on account of a “separation from service” (as defined under Section 409A), to the extent required by the Code, such
payment shall not occur until the date that is six months plus one day from the date of such separation from service. Any amount that
is otherwise payable within the six-month period described herein will be aggregated and paid in a lump sum without interest. Notwithstanding
any provision herein to the contrary, none of the Board, the Committee, the Company, or any of their respective Affiliates makes any
representations that any Awards (or payments with respect to any Awards) are exempt from or compliant with Section 409A and in no
event shall the Board, the Committee, the Company and its Affiliates be liable for all or any portion of any taxes, penalties, interest,
or other expenses that may be incurred by any Participant on account of non-compliance with Section 409A.

 

(o)            No
Guarantee of Tax Consequences. None of the Board, the Committee, the Company, or any of their respective Affiliates (i) provides
or has provided any tax advice to any Participant or any other Person or makes or has made any assurance, commitment or guarantee that
any federal, state, local, or other tax treatment will (or will not) apply or be available to any Participant or other Person, or (ii) assumes
any liability with respect to any tax or associated liabilities to which any Participant or other Person may be subject.

 

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(p)            Clawback.
To the extent required by applicable law or any applicable securities exchange listing standards, or as otherwise determined by the Committee,
Awards and amounts paid or payable pursuant to or with respect to Awards shall be subject to the provisions of any applicable clawback
policies or procedures adopted by the Company, which clawback policies or procedures may provide for forfeiture, repurchase, and/or recoupment
of Awards and amounts paid or payable pursuant to or with respect to Awards. Notwithstanding any provision of the Plan or any Award Agreement
to the contrary, the Company reserves the right, without the consent of any Participant or beneficiary of any Award, to adopt any such
clawback policies and procedures, including such policies and procedures applicable to the Plan or any Award Agreement with retroactive
effect.

 

Section 9.             Term
of the Plan. The Plan, as amended and restated,
shall be effective on December 31, 2021 and shall continue until the earliest of (i) the date terminated by the Board or the
Committee, (ii) the date that all shares of Stock available under the Plan have been delivered to Participants, or (iii) December 31,
2031. However, unless otherwise expressly provided in the Plan or in an applicable Award Agreement, any Award granted prior to such termination,
and the authority of the Board or the Committee under the Plan or an Award Agreement to amend, alter, adjust, suspend, discontinue, or
terminate any such Award or to waive any conditions or rights under such Award, shall extend beyond such termination date.

 

    14

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