Document:

Exhibit

Exhibit 10.1
July 26, 2016

James F. McCabe
1363 Worthington Court
Ambler, PA 19002

Dear Jim:

Triumph Group, Inc. (“TGI”) is pleased to offer you the position of Senior Vice President and Chief Financial Officer of TGI reporting directly to the Chief Executive Officer of TGI.  The starting salary offered for this position is $465,000 per year, currently paid bi-weekly, and is subject to deductions for taxes and other withholdings as required by law or the policies of TGI.  Your compensation package will also include the following:

	
		
	Short-Term Incentive:
	You will be eligible to participate in TGI’s annual short term incentive (“STI”) bonus program for executives as in effect from time to time, with a target bonus opportunity equal to 100% of base salary and a maximum bonus opportunity of 200% of base salary for TGI’s Fiscal Year 2017 (“FY’17”), which ends on March 31, 2017.  Your bonus opportunity for FY’17 will be prorated to reflect the number of days during the period commencing on your start date and March 31, 2017. The 100% target for FY’17 includes a “core” target of 75% and an “add-on” amount of 25%. The “add-on” portion of the target and maximum opportunity will be included in FY’17 and (subject to the determination of  the Compensation and Management Development Committee (the “Committee”) of the Board of Directors of TGI) possibly FY’18.  It is anticipated that for FY’19 and beyond, the annual STI target will revert to the “core” amount of 75%. The actual amount of your annual bonus each year will be determined by the Committee on the basis of the achievement of pre-established performance goals relating to corporate and individual performance.  

	Annual Long-Term Incentive: 
	Subject to the approval of the Committee, you will be eligible for annual performance-based long-term incentive (“LTI”) awards and your awards for FY’17 will have a target grant date value, based on the closing price of TGI common stock on the date of grant, of 100% of base salary, comprised as follows: (a) 30% of the value in restricted stock units (“RSU’s”) vesting ratably over three years subject to your continued employment on each applicable vesting date, and (b) 70% of the value in performance stock units (“PSU’s”) that are eligible to be earned based on TGI’s performance against the RONA and EPS performance targets established by the Committee for FY’17 PSU grants to TGI’s executive officers, cliff vesting in three years subject to your continued employment on the vesting date.   The number of PSUs earned can reach 200% of the target number of PSUs originally granted if maximum performance against target is achieved.   Your LTI award opportunity for FY’17 will be prorated to reflect the number of days during the period commencing on your start date and March 31, 2017. The actual amount of your annual LTI awards each year will be determined by the Committee.

	
		
	Employee Benefits:
	You will be eligible to participate in TGI’s employee benefit plans generally applicable to TGI senior executives.

	Start Date:
	Please indicate your start date in the space below your signature accepting this offer of employment.  It is expected that your start date will be on or before August 8, 2016.

	Conditions:
	The offer of employment set forth in this letter agreement is subject to the following conditions: 
●  Your acceptance of this offer by July 27, 2016 
●  Satisfactory reference discussions
●  Satisfactory background check
●  Satisfactory drug screening

	Termination by TGI Without
Cause or by You for Good Reason:
	Upon termination of your employment by TGI without Cause (as defined below) or by you for Good Reason (as defined below), you will be entitled to receive, subject to your execution of a general release of claims in favor of TGI and its affiliates in a form reasonably satisfactory to TGI and such release becoming irrevocable in accordance with its terms prior to the 60th day following your termination date (the “Release Date”), and subject to Section d(i)(A) of Annex B hereto, the following:

●    a cash severance benefit equal to 12 months’ base salary, payable in substantially equal installments (in accordance with TGI’s payroll practices as in effect upon such termination of employment) over the 12-month period following your termination of employment; provided that all severance payments that would otherwise be paid during the period between your termination of employment and the Release Date shall be accumulated and paid on the first regular payroll date following the Release Date; 

●    if you elect continued medical and dental coverage under COBRA, then until the earlier of (a) the end of the 12-month period following your termination of employment and (b) the time that you become eligible to receive medical and dental benefits under another employer-provided plan, TGI shall reimburse you for the full cost of the premiums associated with such coverage, with each reimbursement paid on or prior to the 10th day of the month to which the applicable premium relates; provided that all such reimbursements that would otherwise be paid during the period between your termination of employment and the Release Date shall be accumulated and paid within 10 days following the Release Date;  

	
		
	 
	

For purposes of this letter agreement, “Cause” means (i) your commission of, or indictment for or otherwise being formally charged with, a felony or crime of moral turpitude; (ii) your commission of a material act of dishonesty involving the TGI or any of its affiliates that materially and demonstrably harms the TGI; (iii) your material breach of your obligations under this letter agreement or any other agreement entered into between the you and TGI or any of its affiliates; (iv) your willful and repeated failure to perform substantially your duties with TGI or any affiliate of TGI (other than any such failure resulting from incapacity due to physical or mental illness), after a written demand for substantial performance is delivered to you by TGI that specifically identifies the manner in which TGI believes that you have not substantially performed your duties and your failure to cure such failure within 10 days; (v) your material breach of TGI policies or procedures; (vi) your other misconduct or negligence that causes material harm to TGI or its affiliates or their business reputation, including due to any adverse publicity, as determined by TGI in its sole discretion; or (vii) your failure, as determined by TGI in its sole discretion, to successfully complete any of the offer conditions described above under “Conditions”, to the extent that you are permitted to commence employment without successful completion of such conditions prior to you start date.

For purposes of this letter agreement, “Good Reason” means any of the following actions taken by TGI without your consent:  (i) a material breach by TGI of any material provision of this letter agreement or of any other written agreement between you and TGI or any of its affiliates, or (ii) a relocation of your principal place of employment to anywhere other than within 35 miles of Berwyn, Pennsylvania; provided, however, that your termination of employment shall not be deemed to be for Good Reason unless (A) you have delivered to TGI written notice describing the occurrence of one or more Good Reason events within 90 days of such occurrence, (B)  TGI fails to cure such Good Reason event or events within 30 days after its receipt of such written notice and (C) you deliver to TGI a written notice of your termination within 30 days after the expiration of the 30-day cure period.

	Better Net After-Tax Cutback:
	Your compensation arrangements with TGI are subject to a better net after-tax cutback provision in respect of the excise tax imposed under Sections 280G and 4999 of the Internal Revenue Code of 1986, as amended (the “Code”), as set forth on Annex A to this letter agreement.

	Restrictive Covenants: 
	You hereby agree to be bound by the restrictive covenants set forth on Annex B to this letter agreement.

	
		
	Section 409A:
	It is intended that payments and benefits made or provided under this letter agreement shall not result in penalty taxes or accelerated taxation pursuant to Section 409A of the Code (“Section 409A”), and this letter agreement shall be interpreted and administered in accordance with such intent.  Each payment of compensation under this letter agreement shall be treated as a separate payment of compensation for purposes of Section 409A.  All reimbursements and in-kind benefits provided under this letter agreement that are subject to Section 409A shall be made in accordance with the requirements of Section 409A, including, where applicable, the requirement that (a) any reimbursement is for expenses incurred during your lifetime (or during a shorter period of time specified in this letter agreement); (b) the amount of expenses eligible for reimbursement, or in-kind benefits provided, during a calendar year may not affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other calendar year; (c) the reimbursement of an eligible expense shall be made no later than the last day of the calendar year following the year in which the expense is incurred; and (d) the right to reimbursement or in-kind benefits is not subject to liquidation or exchange for another benefit.  Notwithstanding anything to the contrary in this letter agreement, if you are considered a “specified employee” for purposes of Section 409A, any payment on account of your separation from service that constitutes nonqualified deferred compensation within the meaning of Section 409A and that is otherwise due to you under this letter agreement during the six-month period immediately following your separation from service (as determined in accordance with Section 409A) shall be accumulated and paid to you on the first business day of the seventh month following your separation from service (the “Delayed Payment Date”).  If you die during the postponement period, the amounts and entitlements delayed on account of Section 409A shall be paid to the personal representative of your estate on the first to occur of the Delayed Payment Date or 30 days after the date of your death.

As a TGI employee, you will be expected to adhere to TGI’s Code of Business Conduct, current policies, procedures and practices as well as any that may be implemented in the future.  

This offer is contingent upon your satisfactory completion of the conditions described above under “Conditions”.  While we hope we will be able to meet each other’s mutual needs, TGI is an employer-at-will.  This means that your employment with TGI is not for any set term and may be terminated by either you or TGI at any time.  The at-will term of your employment can be modified only in writing signed by you and the Chief Executive Officer of TGI.

Please contact me if you have any questions about the information provided in this letter or if you require further information.  

I look forward to working with you.

Sincerely, 

 /s/ Richard R. Lovely                               
Richard R. Lovely
Senior Vice President, Human Resources

                            

Agreed and accepted:

/s/ James F. McCabe       July 26, 2016                                      James F. McCabe         Date

I will be available to report for work on August 8, 2016 (please indicate date and initial)

cc.  D. Crowley

Annex A

Better Net After-Tax Cutback

In the event that any payments or benefits received or to be received by you pursuant to this letter agreement or otherwise (a) constitute “parachute payments” within the meaning of Section 280G of the Code, as determined by the accounting firm that audited TGI prior to the relevant “change in ownership or control” within the meaning of Section 280G of the Code or another nationally known accounting or employee benefits consulting firm selected by TGI prior to such change in ownership or control (the “Accounting Firm”) and (b) but for the provisions of this Annex A, would, in the judgment of the Accounting Firm, be subject to the excise tax imposed by Section 4999 of the Code by reason of Section 280G of the Code, then your benefits under this letter agreement shall be payable either:  (i) in full, or (ii) as to such lesser amount which would result in no portion of such payments or benefits being subject to the excise tax under Section 4999 of the Code, as determined by the Accounting Firm, whichever of the foregoing amounts, taking into account the applicable federal, state and local income and employment taxes and the excise tax imposed by Section 4999 of the Code, results in the receipt by you, on an after-tax basis, of the greatest amount of payments and benefits under this letter agreement, as determined by the Accounting Firm, notwithstanding that all or some portion of such payments and benefits may be taxable under Section 4999 of the Code.  In the event that a lesser amount is paid under clause (b)(ii) above, then the elements of your payments hereunder shall be reduced in such order (1) as TGI determines, in its sole discretion, has the least economic detriment to you and (2) which does not result in the imposition of any tax penalties under Section 409A on you.  To the extent the economic impact of reducing payments from one or more elements is equivalent, and subject to clause (2) of the preceding sentence, the reduction may be made pro rata by TGI in its sole discretion.

Annex B

Restrictive Covenants

(a)  Disclosure of Confidential Information.  You shall not at any time during your employment with TGI or thereafter, except as properly required in the course of your employment, use, publish, disclose or authorize anyone else to use, publish or disclose any Confidential Information belonging or relating to TGI or any of its affiliates.  Confidential Information includes, but is not limited to, models, drawings, blueprints, memoranda and other materials, documents or records of a proprietary nature; information relating to research, manufacturing processes, bills of material, finance, accounting, sales, personnel management and operations; and information particularly relating to customer lists, price lists, customer service requirements, costs of providing service and equipment, pricing and equipment maintenance costs.
(b)  Patents, Copyrights and Trade Secrets.  You will disclose, and hereby assign, to TGI any and all material of a proprietary nature, particularly including, but not limited to, material subject to protection as trade secrets or as patentable or copyrightable ideas which you may conceive, invent, or discover during the course of your employment with TGI which relate to the business of TGI, or were developed using TGI’s resources (collectively, the “Inventions”), and you shall execute and deliver all papers, including applications for patents and do such other acts (entirely at TGI’s expense) as may be necessary for TGI to obtain and maintain proprietary rights in any and all countries and to vest title to such Inventions in TGI.
(c)  Noncompetition and Nonsolicitation.  While you are employed by TGI and its affiliates and for the one-year period following the termination of such employment for any reason (together, the “Restricted Period”), you shall not, in any jurisdiction in which TGI or any of its affiliates is doing business, directly or indirectly, own, manage, operate, control, consult with, be employed by, participate in the ownership, management, operation or control of, or otherwise render services to or engage in, any business engaged in by TGI and its affiliates; provided, that your ownership of securities constituting 2% or less of any publicly traded class of securities of a public company shall not violate this paragraph.  During the Restricted Period, you shall not solicit for business or accept the business of, any person or entity who is, or was at any time within the previous 12 months, a customer or client of the business conducted by TGI or its affiliates (or potential customer or client with whom TGI or its affiliates had initiated contact).  During the Restricted Period, you shall not, directly or indirectly, employ, solicit for employment, or otherwise contract for or hire, the services of any individual who is then an employee of TGI and its affiliates or who was an employee of TGI and its affiliates within the previous 12 months.  Further, during the Restricted Period, you shall not take any action that could reasonably be expected to have the effect of inducing any individual who is then an employee, representative, officer or director of TGI or any of its affiliates, or who was an employee, representative, officer or director of TGI and its affiliates within the previous 12 months, to cease his or her relationship with TGI or any of its affiliates for any reason.  

(d)  Acknowledgements and Remedies.  
(i)    The parties hereto agree that the provisions of clauses (a), (b) and (c) of this Annex B (the “Covenants”) have been specifically negotiated by sophisticated commercial parties and agree that all such provisions are reasonable under the circumstances of the activities contemplated by this letter agreement.  You acknowledge and agree that the Covenants are reasonable in light of all of the circumstances, are sufficiently limited to protect the legitimate interests of TGI and its affiliates, impose no undue hardship on you, and are not injurious to the public.  The parties hereto further agree that your services are of a personal, special and unique character and cannot be replaced by TGI, and that the violation by you of any of the Covenants would cause TGI irreparable harm, which could not be adequately compensated by money damages, and that if TGI elects to prevent you from breaching such provisions by obtaining an injunction against you, there is a reasonable probability of TGI’s eventual success on the merits.  Accordingly, you consent and agree that if you commit any such breach or threaten to commit any breach, in addition to any other remedies as may be available to TGI for such breach, including the recovery of money damages, TGI shall be entitled (without the necessity of showing economic loss or other actual damage) to (A) cease payment of the severance payments and benefits described in this letter agreement under “Termination by TGI Without Cause” and/or to recoup from you the portion of such severance payments and benefits already paid and (B) temporary and permanent injunctive relief from a court of competent jurisdiction, without posting any bond or other security and without the necessity of proof of actual damage.  Furthermore, if TGI institutes any action or proceeding to enforce any of the provisions of this Annex B, to the extent permitted by applicable law, you hereby waive the claim or defense that TGI has an adequate remedy at law, and you shall not assert in any such action or proceeding the defense that any such remedy exists at law.
(ii)    Prior to execution of this letter agreement, you were advised by TGI of your right to seek independent advice from an attorney of your own selection regarding this letter agreement.  You acknowledge that you have entered into this letter agreement knowingly and voluntarily and with full knowledge and understanding of the provisions of this letter agreement after being given the opportunity to consult with counsel. You further represent that, in entering into this letter agreement, you are not relying on any statements or representations made by any of TGI’s directors, officers, employees or agents that are not expressly set forth herein, and that you are relying only upon your own judgment and any advice provided by your attorney.
(iii)    In light of the acknowledgements contained in this clause (d), you agree not to challenge or contest the reasonableness, validity or enforceability of any limitations and obligations contained in this letter agreement.  In the event that the Covenants shall be determined by any court of competent jurisdiction to be unenforceable by reason of their extending for too great a period of time or over too great a geographical area or by reason of their being too extensive in any other respect, they shall be interpreted to extend only over the maximum period of time for which they may be enforceable and/or over the maximum geographical area as to which they may be enforceable and/or to the maximum extent in all other respects as to which they may be enforceable, all as determined by such court.Exhibit 10.23

 

WARRANT AGREEMENT

 

BETWEEN:

 

·                  [            ], residing at [                                                        ],

 

hereinafter referred to as the “Beneficiary”,

 

AND:

 

·                  TALEND, a French société anonyme with a share capital of EUR [                          ], the registered office of which is located at 9, rue Pages - 92150 Suresnes, France, registered with the French Registre du commerce et des societies under number 484 175 252 R.C.S. Nanterre,

 

hereinafter referred to as “Talend” or the “Company”.

 

WHEREAS:

 

On [                           ], the board of directors (conseil d’administration) of the Company (the “Board”), acting upon delegation of the shareholders meeting of the Company held on [                 ], issued and granted to the Beneficiary [                           ] warrants (bons de souscription d’actions) (the “Warrants”) subject to the terms and conditions of this agreement.

 

	
Date of Grant:
    	
 
    	
[                ]
    
	
 
    	
 
    	
 
    
	
Subscription price of the Warrants (“Subscription Price”):
    	
 
    	
EUR   [                ]   (i.e., EUR [    ] per Warrant)
    
	
 
    	
 
    	
 
    
	
Maximum number of ordinary shares to be subscribed   upon exercise of the Warrants:
    	
 
    	
[           ]   (i.e., [     ] per Warrant)
    
	
 
    	
 
    	
 
    
	
Exercise price per share:
    	
 
    	
EUR [    ]
    
	
 
    	
 
    	
 
    
	
Term/Expiration date of the Warrant:
    	
 
    	
10 years as from the date of issuance of the   Warrants, i.e.,   [             ]
    

 

Article 1 - Validity of the Warrants

 

The Warrants shall be subscribed by and issued validly to the Beneficiary on the date hereof, subject to the condition precedent that the Beneficiary has, no later than on the date hereof:

 

(i) fully paid up the Subscription Price of the Warrants by wire transfer to the bank account of the Company set forth in Exhibit 1 hereto; and

 

(ii) duly initialed, executed and returned to the Company the following documents:

 

 

·              One original copy of the subscription form of the Warrants substantially in the form attached as Exhibit 1 hereto; and

 

·              Two original copies of the short-form shareholders’ agreement substantially in the form attached under Exhibit 2 hereto.

 

Article 2 - Exercise of the Warrants

 

2.1.         [Vesting period, e.g.:

 

Vesting period

 

The Warrants may be exercised by the Beneficiary according to the following vesting schedule:

 

(a)                                [              ] Warrants as from [        ],

 

(b)                                [              ] Warrants as from [         ],

 

(c)                                 [              ] Warrants as from the earlier of (i) [       ] and (ii) the date of the General Meeting of Shareholders held to approve the accounts for the fiscal year ending [            ], and

 

(d)                                in any case, at the latest within ten (10) years as from the Date of Grant;

 

provided that:

 

(i)            in the case of each of (a), (b) and (c) above, the term of the office of the Beneficiary as member of the Board (administrateur) of the Company shall not have expired or been terminated, either by the Company or the Beneficiary, for any reason whatsoever on or prior to the date set forth in (a), (b) or (c) above, as applicable, on which the relevant Warrants become vested; provided that his term of office shall not be deemed to have expired in case of renewal of such term by the shareholders’ meeting of the Company, and

 

(ii)         in the case of each of (a), (b) and (c) above, the Beneficiary shall have attended at least 75% of the board meetings (x) to which he has been convened as director (administrateur) of the Company and (y) held during the 12-month period preceding immediately the date set forth in (a), (b) or (c) above, as applicable, on which the relevant Warrants become vested.

 

The number of Warrants that could be exercised pursuant to the above vesting schedule will always be rounded down to the nearest full number.

 

If the Beneficiary fails to exercise the Warrants in whole or in part within the period in (d) above of ten (10) years, the Warrants will lapse automatically.

 

In the event of a merger of the Company into another corporation or of the sale by one or several shareholders, acting alone or in concert, of the Company to one or several third parties of a number of shares of the Company resulting in a transfer of more than fifty per cent (50%) of the shares of the Company to said third parties (in each case, a “Liquidity Event”), the Board shall have the discretion to determine whether or not Beneficiary’s right to exercise the Warrants will be accelerated so that the Beneficiary may exercise all of them with effect immediately prior to the completion of the relevant Liquidity Event.

 

 

Further, unless otherwise decided by the Board no later than on the date of completion of the relevant event set forth below:

 

(a)                                in case of termination of the Beneficiary’s office for any reason (resignation, revocation, expiration), the Beneficiary shall retain his or her vested Warrants (i.e., the Warrants that may be exercised by him or her as at the effective date of such expiration) and shall be entitled to exercise them until the 10th anniversary of the Date of Grant; and

 

(b)                                in case of death of the Beneficiary, the Warrants that may be exercised on the date of his or her death shall have to be exercised the Beneficiary ‘s estate or by a person who acquired the right to exercise the Warrants within six (6) months after such date;

 

provided that, on the one hand, the Warrants which are not vested (i.e., that may not be exercised) on the date of occurrence of any of the events listed under paragraph (a) or (b) above will automatically lapse and that, on the other hand, the above mentioned delays shall not result in an extension of the validity of the Warrants beyond the above ten-year (10) period.]

 

2.2.         Exercise Procedure

 

The Warrants are exercisable by delivery of an exercise notice, substantially in the form attached as Exhibit 3 hereto (the “Exercise Notice”), comprising a share subscription form (bulletin de souscription) which shall state the Beneficiary’s election to exercise all or parts of the Warrants and the number of shares in respect of which the Warrants are being exercised (the “Exercised Shares”). The Exercise Notice shall be executed by the Beneficiary and shall be hand delivered or sent by certified mail to the Company or its designated representative or by facsimile promptly confirmed by certified mail to the Company. In compliance with Article 2.3 below, if the payment of the aggregate exercise price of all Exercised Shares is made by bank check, the original check shall be attached to the Exercise Notice. If the subscription price of the shares is paid by wire transfer, the subscription price of the shares shall be paid by wire transfer to the Company’s bank account at the latest within ten (10) calendar days following the receipt by the Company of the Exercise Notice. In any case, the Warrants shall be deemed to be exercised validly only upon receipt by the Company of a valid Exercise Notice to which is attached a proof of payment by the Beneficiary of the aggregate exercise price.

 

Upon exercise of the Warrants, the shares issued to the Beneficiary shall be assimilated with all other ordinary shares of the Company and shall be entitled to any dividend for the fiscal year during which the Exercised Shares are subscribed and issued.

 

2.3.         Payment of the Exercised Shares

 

Payment of the aggregate exercise price of the Exercised Shares shall be made, at the election of the Beneficiary, by:

 

(1)                                bank wire transfer;

(2)          bank check;

(3)          offset against receivables in accordance with applicable French law; or

(4)          any combination of the above methods of payment.

 

 

Article 3 — Other terms of the Warrants

 

In compliance with applicable French law:

 

In the event of a reduction in share capital of the Company due to losses by way of reduction of the number of outstanding shares of the Company, the right of the holder of the Warrants as regards the number of shares to be issued upon exercise of the Warrants shall be reduced accordingly, as if the Warrants holder had been a shareholder of the Company as from the date of issuance of the Warrants.

 

In the event of a reduction in share capital of the Company due to losses by way of reduction of the par value of the Company’s shares, the subscription price of the shares issued upon exercise of the Warrants shall not change, the issue premium being increased by the amount of the reduction of the par value.

 

In the event of a reduction in share capital of the Company not related to losses by way of reduction of the par value of the shares, the subscription price of the shares issued upon exercise of the Warrants shall be reduced accordingly.

 

In the event of a reduction in share capital of the Company not related to losses by way of reduction of the number of shares, the holder of the Warrants, if he exercises the Warrants, shall be entitled to request the repurchase of his shares under the same conditions as if he had been a shareholder of the Company as at the date of the repurchase by the Company of its own shares.

 

In case of rights issue (in which all shareholders are offered to participate prorata their respective equity stake), the Company will take either or several of the following decisions to preserve the rights of the holder of the Warrants, in accordance with the provisions of Article L. 228-99 of the French Commercial Code:

 

1. either permit the holder of the Warrants to exercise it immediately to enable the Beneficiary to participate in the rights issue, which will not alter or limit the rights of the Beneficiary to exercise the Warrants under Section 2.1 of this Warrant Agreement; or

 

2. take any measures which will allow the Beneficiary, should he exercises the Warrants subsequently, to irrevocably subscribe at that time its prorata share of the new issue or obtain a free allotment, or receive cash or goods similar to those distributed in the rights issue, in the same quantities or proportions and under the same conditions as if the Beneficiary already exercised the Warrants and had thus been a shareholder of the Company at the time when those operations took place, or

 

3. adjust the conditions of subscription initially fixed in order to take account of the impact of the rights issue. In that case, such adjustment will be carried out by applying the method provided for in Article R. 228-91 of French Commercial Code, it being specified that the value of the preferential subscription right as well as the value of the share before detachment of the subscription right shall be determined, if need be, by the board of directors on the basis of the subscription, exchange or sale price per share retained at the time of the last operation occurred on the Company’s share capital (share capital increase, contribution in kind, sale of shares, etc.) during the six (6) month-period preceding the said meeting of the board of directors, or, if no such transaction has been carried out during the said period, on the basis of any other financial parameter that appears relevant to the board of directors (and which will be confirmed by the Company’s auditor).

 

The Company is authorized, without requesting the specific consent of the holder of the Warrants, to modify its corporate form and its corporate purpose.

 

In compliance with the provisions of Article L. 228-98 of the French Commercial Code, the Company cannot amend the rules regarding profit allocation, amortize the share capital and create and issue preferred shares entailing any such modification or amortization without requesting the specific consent of the holder of the Warrants.

 

 

Article 4 - Governing Law

 

This agreement is governed by the laws of the Republic of France.

 

Any claim or dispute arising under this agreement shall be subject to the exclusive jurisdiction of the court competent for the place of the registered office of the Company.

 

 

Executed at [                    ];

in two (2) original copies,

on                                    

 

	
 
    	
 
    
	
[                                      ]
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Talend SA
    	
 
    
	
Name: [                                   ]
    	
 
    
	
Title: [                                   ]
    	
 
    

 

 

EXHIBIT 1

 

SUBSCRIPTION FORM OF THE WARRANTS

 

 

TALEND

Société anonyme au capital de [           ] euros

Siège social : 9, rue Pages - 92150 Suresnes

484 175 252 R.C.S. Nanterre

 

 

SUBSCRIPTION FORM

 

Amount and terms of the issuance of the warrants

 

Issuance at a total price of EUR [              ] of [     ] warrants (hereafter the “Warrants”), giving the right to subscribe a maximum number of [        ] ordinary shares, at a fixed price of EUR [     ] each (issue premium included), to be fully paid up in cash or by way of offset against receivables and the subscription of which has been reserved to the subscriber.

 

The issuance has been decided by the board of directors of TALEND on [           ] pursuant to the authorization granted to it by the shareholders’ meeting of [                    ].

 

The terms and conditions of the Warrants are described in the warrant agreement executed by the subscriber and TALEND on [                       ], 2016.

 

The subscription period is opened from [              ], 2016 to [              ], 2016 included.

 

The amount of the subscription shall be addressed to the registered office of the Company or transferred on the bank account opened in the name of the Company with Bank [                 ], Bank Code: [                 ] Desk Code: [                 ], Account: [                 ], Cle RIB: [                 ], IBAN International Bank Account Number [                 ] (the “Bank Account”).

 

—ooOoo—

 

The undersigned:

 

[                 ], residing at [                                                                       ],

 

acknowledging the terms and conditions of the Warrants,

 

hereby subscribes the Warrants and pays the amount of its subscription, i.e. EUR [             ], by bank transfer to the Bank Account.

 

Executed in [                   ]

On [                         ]

In two copies

 

	
 
    	
 
    

[              ]*

 

 

* Signature preceded by: “Approval for formal and irrevocable subscription of [                              ] Warrants”

 

 

EXHIBIT 2

 

Short-form Shareholders’ Agreement

 

1

 

EXHIBIT 3

 

EXERCISE NOTICE OF THE WARRANTS

(Share subscription form)

 

TALEND SA

 

[                ]

[                ]

	
France
    	
[                    ],   [   ]
    

 

Attention: [           ]

 

[                 ], residing at [                                                   ],

 

holder of [            ] Warrants, each giving right to subscribe for an ordinary share of TALEND (the “Company”) issued pursuant to the resolution of the board of directors of the Company dated [                ],

 

having examined the terms and conditions of the Warrants,

 

hereby

 

exercise [               ] Warrants

 

and

 

subscribe consequently for [             ] ordinary shares of the Company, for a subscription price per share of EUR [           ], share premium included,

 

pays, for this subscription, the total amount of EUR [              ], corresponding to the aggregate of the nominal value and the share premium of the above mentioned ordinary shares,

 

by wire transfer to the Company’s bank account opened at [          ], Bank Code: [              ], Desk Code: [              ], Account: [                 ], Cle RIB: [                 ], IBAN International Bank Account Number [             ].

 

Executed at [                 ]

On [                 ]

In two copies

 

	
 
    	
 
    

[                    ]*

 

 

* Signature preceded by: “Approval for formal and irrevocable subscription of [                             ] ordinary shares” (number of shares to be mentioned in both figures and letters.)

 

1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00260-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00260-of-00352.parquet"}]]