Document:

Document

[Dealer 
Dealer Address]
[__________], 2021
To: [_______]

Re: [Base][Additional] Call Option Transaction
The purpose of this letter agreement (this “Confirmation”) is to confirm the terms and conditions of the call option transaction entered into between [_______] (“Dealer”) and [_______], a Delaware corporation (“Counterparty”) as of the Trade Date specified below (the “Transaction”).  This letter agreement constitutes a “Confirmation” as referred to in the ISDA Master Agreement specified below.  Each party further agrees that this Confirmation together with the Agreement (as defined below) evidence a complete binding agreement between Counterparty and Dealer as to the subject matter and terms of the Transaction to which this Confirmation relates, and shall supersede all prior or contemporaneous written or oral communications with respect thereto.
The definitions and provisions contained in the 2002 ISDA Equity Derivatives Definitions (the “Equity Definitions”), as published by the International Swaps and Derivatives Association, Inc. (“ISDA”) are incorporated into this Confirmation.  In the event of any inconsistency between the Equity Definitions and this Confirmation, this Confirmation shall govern.  Certain defined terms used herein are based on terms that are defined in the Offering Memorandum dated [__], 2021 (the “Offering Memorandum”) relating to the [___]% Convertible Senior Notes due 2026 (as originally issued by Counterparty, the “Convertible Notes” and each USD 1,000 principal amount of Convertible Notes, a “Convertible Note”) issued by Counterparty in an aggregate initial principal amount of USD [200],000,000 (as increased by [up to]1 an aggregate principal amount of USD [30,000,000] [if and to the extent that]2[pursuant to the exercise by]3 the Initial Purchasers (as defined herein) [exercise]4[of]5 their option to purchase additional Convertible Notes pursuant to the Purchase Agreement (as defined herein)) pursuant to an Indenture [to be]6 dated March [__], 2021 between Counterparty and U.S. Bank National Association, as trustee (the “Indenture”).  In the event of any inconsistency between the terms defined in the Offering Memorandum, the Indenture and this Confirmation, this Confirmation shall govern.  The parties acknowledge that this Confirmation is entered into on the date hereof with the understanding that (i) definitions set forth in the Indenture which are also defined herein by reference to the Indenture and (ii) sections of the Indenture that are referred to herein will conform to the descriptions thereof in the Offering Memorandum.  If any such definitions in the Indenture or any such sections of the Indenture differ from the descriptions thereof in the Offering Memorandum, the descriptions thereof in the Offering Memorandum will govern for purposes of this Confirmation.  The parties further acknowledge that the Indenture section numbers used herein are based on the [draft of the Indenture last reviewed by Dealer as of the date of this Confirmation, and if any such section numbers are changed in the Indenture as executed, the parties will amend this Confirmation in good faith to preserve the intent of the parties]7[Indenture as executed]8.  Subject to the foregoing, references to the Indenture herein are references to the Indenture as in effect [on the date hereof and] on the date of its execution, [respectively,] and if the Indenture is amended or supplemented following such date (other than any amendment or supplement (x) pursuant to Section [10.01(m)]9 of the Indenture that, as determined by the Calculation Agent, conforms the Indenture to the description of Convertible Notes in the Offering Memorandum or (y) pursuant to Section 14.07 of the Indenture, subject, in the case of this clause (y), to the second paragraph under “Method of Adjustment” in Section 3 hereof), any such amendment or supplement will be disregarded for purposes of this Confirmation unless the parties agree otherwise in writing. For the purposes of the Equity Definitions, the Transaction shall be deemed to be a Share Option Transaction.

1 Include in the Base Call Option Confirmation.
2 Include in the Base Call Option Confirmation.
3 Include in the Additional Call Option Confirmation.
4 Include in the Base Call Option Confirmation.
5 Include in the Additional Call Option Confirmation.
6 Insert if Indenture is not completed at the time of the Confirmation.
7 Include in the Base Call Option Confirmation.  Include in the Additional Call Option Confirmation if it is executed before closing of the base deal.
8 Include in the Additional Call Option Confirmation, but only if the Additional Call Option Confirmation is executed after closing of the base deal.
9 NTD: Indenture cross references to be updated to the extent the Indenture differs from the precedent indenture.
#94285177v8    
#94345372v1    

Each party is hereby advised, and each such party acknowledges, that the other party has engaged in, or refrained from engaging in, substantial financial transactions and has taken other material actions in reliance upon the parties’ entry into the Transaction to which this Confirmation relates on the terms and conditions set forth below.
1.This Confirmation evidences a complete and binding agreement between Dealer and Counterparty as to the terms of the Transaction to which this Confirmation relates.  This Confirmation shall supplement, form a part of, and be subject to an agreement in the form of the 2002 ISDA Master Agreement (the “Agreement”) as if Dealer and Counterparty had executed an agreement in such form but without any Schedule except for (a) the election of the laws of the State of New York as the governing law (without reference to choice of law doctrine) and the election of USD as the Termination Currency;  (b) (i) the election that the “Cross Default” provisions of Section 5(a)(vi) of the Agreement shall apply to Dealer only, with a “Threshold Amount” of three percent of shareholders’ equity of the [Dealer] [Dealer’s ultimate parent]; provided that “Specified Indebtedness” shall not include obligations in respect of deposits received in the ordinary course of Dealer’s banking business, (ii) the phrase “or becoming capable at such time of being declared” shall be deleted from clause (1) of such Section 5(a)(vi) and (iii) the following language shall be added to the end thereof “Notwithstanding the foregoing, a default under subsection (2) hereof shall not constitute an Event of Default if (x) the default was caused solely by error or omission of an administrative or operational nature; (y) funds were available to enable the party to make the payment when due; and (z) the payment is made within two Local Business Days of such party’s receipt of written notice of its failure to pay;” [and (c) the modification that following payment of the Premium, the condition precedent in Section 2(a)(iii) of the Agreement with respect to Events of Default or Potential Events of Default (other than an Event of Default or Potential Event of Default arising under Section 5(a)(ii), 5(a)(iv) or 5(a)(vii) of the Agreement) shall not apply to a payment or delivery owing by Dealer to Counterparty; [and (d)(1) the election of an executed guarantee of [__________] (“Guarantor”) dated as of the Trade Date in substantially the form attached hereto as Annex A as a Credit Support Document in relation to Dealer and (2) the designation of Guarantor as Credit Support Provider in relation to Dealer]10. 
In the event of any inconsistency between provisions of the Agreement and this Confirmation, this Confirmation will prevail for the purpose of the Transaction to which this Confirmation relates.  The parties hereby agree that no transaction other than the Transaction to which this Confirmation relates shall be governed by the Agreement. If there exists any ISDA Master Agreement between Dealer and Counterparty or any confirmation or other agreement between Dealer and Counterparty pursuant to which an ISDA Master Agreement is deemed to exist between Dealer and Counterparty, then notwithstanding anything to the contrary in such ISDA Master Agreement, such confirmation or agreement or any other agreement to which Dealer and Counterparty are parties, the Transaction shall not be considered a Transaction under, or otherwise governed by, such existing or deemed ISDA Master Agreement.
2.The terms of the particular Transaction to which this Confirmation relates are as follows:
General Terms.
Trade Date:        [__________], 2021
Effective Date:        The second Exchange Business Day immediately prior to the Premium Payment Date
Option Style:        “Modified American”, as described under “Procedures for Exercise” below
Option Type:        Call
Buyer:            Counterparty
Seller:            Dealer
Shares:            The common stock of Counterparty, par value USD 0.0001 per share (Exchange symbol “[_______]”).

10 Include if Dealer is not the highest rated entity in group, typically from the Parent.

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Number of Options:    [_______]11.  For the avoidance of doubt, the Number of Options shall be reduced by any Options exercised by Counterparty.  In no event will the Number of Options be less than zero.
Applicable Percentage:      [__]%
Option Entitlement:    A number equal to the product of the Applicable Percentage and [______]12.
Strike Price:        USD [______]
Cap Price:        USD [______]; provided that in no event shall the Cap Price be reduced to an amount less than the Strike Price in connection with any adjustment by the Calculation Agent under this Confirmation.
Premium:         USD [______] 
Premium Payment Date:     [__________], 2021
Exchange:         The NASDAQ Global Select Market
Related Exchange(s):     All Exchanges; provided that Section 1.26 of the Equity Definitions shall be amended to add the words “United States” before the word “exchange” in the tenth line of such section.
Excluded Provisions:    Section 14.04(h) and Section 14.03 of the Indenture.
Procedures for Exercise.
Conversion Date:        With respect to any conversion of a Convertible Note (other than (1) any conversion of Convertible Notes with a Conversion Date occurring prior to the Free Convertibility Date, (2) any conversion of Convertible Notes occurring on or after the Free Convertibility Date in connection with a “Make-Whole Fundamental Change” (as defined in the Indenture) and (3) any conversion of Convertible Notes occurring on or after the Free Convertibility Date in connection with a “Redemption Notice” (as defined in the Indenture) (any such conversion described in (1), (2) or (3) above, an “Early Conversion”), to which the provisions of Section 9(i)(i) of this Confirmation shall apply), the date on which the Holder (as such term is defined in the Indenture) of such Convertible Note satisfies all of the requirements for conversion thereof as set forth in Section 14.02(b) of the Indenture; provided that if Counterparty has not delivered to Dealer a related Notice of Exercise, then in no event shall a Conversion Date be deemed to occur hereunder (and no Option shall be exercised or deemed to be exercised hereunder) with respect to any surrender of a Convertible Note for conversion in respect of which Counterparty has elected to designate a financial institution for exchange in lieu of conversion of such Convertible Note pursuant to Section 14.12 of the Indenture.
Free Convertibility Date:    December 15, 2025 
Expiration Time:         The Valuation Time
Expiration Date:         March 15, 2026, subject to earlier exercise.

11 For the Base Call Option Confirmation, this is equal to the number of Convertible Notes in principal amount of $1,000 initially issued on the closing date for the Convertible Notes.  For the Additional Call Option Confirmation, this is equal to the number of additional Convertible Notes in principal amount of $1,000.
12 Insert the initial Conversion Rate for the Convertible Notes.

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Multiple Exercise:    Applicable, as described under “Automatic Exercise” below.
Automatic Exercise:     Notwithstanding Section 3.4 of the Equity Definitions, on each Conversion Date occurring on or after the Free Convertibility Date, in respect of which a Notice of Conversion that is effective as to Counterparty has been delivered by the relevant converting Holder, a number of Options equal to [(i)] the number of Convertible Notes in denominations of USD 1,000 as to which such Conversion Date has occurred [minus (ii) the number of Options that are or are deemed to be automatically exercised on such Conversion Date under the Base Call Option Transaction Confirmation letter agreement dated March [__], 2021 between Dealer and Counterparty (the “Base Call Option Confirmation”),]13 shall be deemed to be automatically exercised; provided that such Options shall be exercised or deemed exercised only if Counterparty has provided a Notice of Exercise to Dealer in accordance with “Notice of Exercise” below.
Notwithstanding the foregoing, in no event shall the number of Options that are exercised or deemed exercised hereunder exceed the Number of Options.
Notice of Exercise:    Notwithstanding anything to the contrary in the Equity Definitions or under “Automatic Exercise” above, in order to exercise any Options relating to Convertible Notes with a Conversion Date occurring on or after the Free Convertibility Date, Counterparty must notify Dealer in writing (which, for the avoidance of doubt, may be by email) before 5:00 p.m. (New York City time) on the Scheduled Valid Day immediately preceding the Expiration Date specifying the number of such Options that are to be exercised; provided that, notwithstanding the foregoing, such notice (and the related exercise of Options hereunder) shall be effective if given after the applicable notice deadline specified above but prior to 5:00 P.M., New York City time, on the fifth Exchange Business Day following such notice deadline, in which event the Calculation Agent shall have the right to adjust Dealer’s delivery obligation hereunder and the Settlement Date in a commercially reasonable manner, with respect to the exercise of such Options, as appropriate to reflect the additional commercially reasonable costs (limited to losses as a result of hedging mismatches and market losses) and expenses incurred by Dealer in connection with its hedging activities, with such adjustments made assuming that Dealer maintains commercially reasonable hedge positions (including the unwinding of any hedge position), solely resulting from Dealer not having received such notice prior to such notice deadline (it being understood that the adjusted delivery obligation described in this  proviso can never be less than zero and can never require any payment by Counterparty); provided further that if the Relevant Settlement Method for such Options is (x) Net Share Settlement and the Specified Cash Amount (as defined below) is not USD 1,000, (y) Cash Settlement or (z) Combination Settlement, Dealer shall have received a separate notice (the “Notice of Final Settlement Method”) (which, for the avoidance of doubt, may be by email) in respect of all such Convertible Notes before 5:00 p.m. (New York City time) on the Free Convertibility Date specifying (1) the Relevant Settlement Method for such Options, and (2) if the settlement method for the related Convertible Notes is not Settlement in Shares or Settlement in Cash (each as defined below), the fixed amount of cash per Convertible Note that Counterparty has elected to deliver to Holders (as such term is defined in the Indenture) of the related Convertible Notes (the “Specified Cash Amount”). If Counterparty fails to 

13 Include for Additional Call Option Confirmation only.

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timely provide such Notice of Final Settlement Method, it shall be deemed to have provided a Notice of Final Settlement Method indicating that the Relevant Settlement Method is Net Share Settlement and that the settlement method for the related Convertible Notes is the Default Settlement Method (as defined below). Counterparty acknowledges its responsibilities under applicable securities laws, and in particular Section 9 and Section 10(b) of the Exchange Act (as defined below) and the rules and regulations thereunder, in respect of any election of a settlement method with respect to the Convertible Notes that is not the Default Settlement Method.
Valuation Time:        At the close of trading of the regular trading session on the Exchange; provided that if the principal trading session is extended, the Calculation Agent shall determine the Valuation Time in its commercially reasonable discretion.
Market Disruption Event: Section 6.3(a) of the Equity Definitions is hereby replaced in its entirety by the following:
“‘Market Disruption Event’ means, in respect of a Share, (i) a failure by the primary United States national or regional securities exchange or market on which the Shares are listed or admitted for trading to open for trading during its regular trading session or (ii) the occurrence or existence prior to 1:00 p.m. (New York City time) on any Scheduled Valid Day for the Shares for more than one half-hour period in the aggregate during regular trading hours of any suspension or limitation imposed on trading (by reason of movements in price exceeding limits permitted by the relevant stock exchange or otherwise) in the Shares or in any options contracts or futures contracts on any Related Exchange relating to the Shares.”
Settlement Terms.  
Settlement Method:    For any Option, Net Share Settlement; provided that if the Relevant Settlement Method set forth below for such Option is not Net Share Settlement, then the Settlement Method for such Option shall be such Relevant Settlement Method, but only if Counterparty shall have notified Dealer of the Relevant Settlement Method in the Notice of Final Settlement Method for such Option. 
       Relevant Settlement Method:          In respect of any Option:
(i)    if Counterparty has elected (or, in the case of the Default Settlement Method, is deemed to have elected) to settle its conversion obligations in respect of the related Convertible Note (A) entirely in Shares pursuant to Section 14.02(a)(iv)(A) of the Indenture (together with cash in lieu of fractional Shares) (such settlement method, “Settlement in Shares”), (B) in a combination of cash and Shares pursuant to Section 14.02(a)(iv)(C) of the Indenture with a Specified Cash Amount less than USD 1,000 (such settlement method, “Low Cash Combination Settlement”) or (C) in a combination of cash and Shares pursuant to Section 14.02(a)(iv)(C) of the Indenture with a Specified Cash Amount equal to USD 1,000 (such settlement method, the “Default Settlement Method”), then, for each of the cases in clause (A) (Settlement in Shares), clause (B) (Low Cash Combination Settlement) and clause (C) (Default Settlement Method), the Relevant Settlement Method for such Option shall be Net Share Settlement;
(ii)    if Counterparty has elected to settle its conversion obligations in respect of the related Convertible Note in a combination of cash and Shares 

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pursuant to Section 14.02(a)(iv)(C) of the Indenture with a Specified Cash Amount greater than USD 1,000, then the Relevant Settlement Method for such Option shall be Combination Settlement; and
(iii)    if Counterparty has elected to settle its conversion obligations in respect of the related Convertible Note entirely in cash pursuant to Section 14.02(a)(iv)(B) of the Indenture (such settlement method, “Settlement in Cash”), then the Relevant Settlement Method for such Option shall be Cash Settlement.
Net Share Settlement:    If Net Share Settlement is applicable to any Option exercised or deemed exercised hereunder, Dealer will deliver to Counterparty, on the relevant Settlement Date for each such Option, a number of Shares (the “Net Share Settlement Amount”) equal to the sum, for each Valid Day during the Settlement Averaging Period for each such Option, of (i) (a) the Daily Option Value for such Valid Day, divided by (b) the Relevant Price on such Valid Day, divided by (ii) the number of Valid Days in the Settlement Averaging Period; provided that in no event shall the Net Share Settlement Amount for any Option exceed a number of Shares equal to the Applicable Limit for such Option divided by the Applicable Limit Price on the Settlement Date for such Option.
Dealer will pay cash in lieu of delivering any fractional Shares to be delivered with respect to any Net Share Settlement Amount valued at the Relevant Price for the last Valid Day of the Settlement Averaging Period.
Combination Settlement:    If Combination Settlement is applicable to any Option exercised or deemed exercised hereunder, Dealer will pay or deliver, as the case may be, to Counterparty, on the relevant Settlement Date for each such Option:
(i)    cash (the “Combination Settlement Cash Amount”) equal to the sum, for each Valid Day during the Settlement Averaging Period for such Option, of (A) an amount (the “Daily Combination Settlement Cash Amount”) equal to the lesser of (1) the product of (x) the Applicable Percentage and (y) the Specified Cash Amount minus USD 1,000 and (2) the Daily Option Value, divided by (B) the number of Valid Days in the Settlement Averaging Period; provided that if the calculation in clause (A) above results in zero or a negative number for any Valid Day, the Daily Combination Settlement Cash Amount for such Valid Day shall be deemed to be zero; and
(ii)    Shares (the “Combination Settlement Share Amount”) equal to the sum, for each Valid Day during the Settlement Averaging Period for such Option, of a number of Shares for such Valid Day (the “Daily Combination Settlement Share Amount”) equal to (A) (1) the Daily Option Value on such Valid Day minus the Daily Combination Settlement Cash Amount for such Valid Day, divided by (2) the Relevant Price on such Valid Day, divided by (B) the number of Valid Days in the Settlement Averaging Period; provided that if the calculation in sub-clause (A)(1) above results in zero or a negative number for any Valid Day, the Daily Combination Settlement Share Amount for such Valid Day shall be deemed to be zero;
provided that in no event shall the sum of (x) the Combination Settlement Cash Amount for any Option and (y) the Combination Settlement Share Amount for such Option multiplied by the 

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Applicable Limit Price on the Settlement Date for such Option, exceed the Applicable Limit for such Option.
Dealer will pay cash in lieu of delivering any fractional Shares to be delivered with respect to any Combination Settlement Share Amount valued at the Relevant Price for the last Valid Day of the Settlement Averaging Period.
Cash Settlement:        If Cash Settlement is applicable to any Option exercised or deemed exercised hereunder, in lieu of Section 8.1 of the Equity Definitions, Dealer will pay to Counterparty, on the relevant Settlement Date for each such Option, an amount of cash (the “Cash Settlement Amount”) equal to the sum, for each Valid Day during the Settlement Averaging Period for such Option, of (i) the Daily Option Value for such Valid Day, divided by (ii) the number of Valid Days in the Settlement Averaging Period; provided that in no event shall the Cash Settlement Amount for any Option exceed the Applicable Limit for such Option.  
Daily Option Value:    For any Valid Day, an amount equal to (i) the Option Entitlement on such Valid Day, multiplied by (ii) (A) the lesser of the Relevant Price on such Valid Day and the Cap Price, less (B) the Strike Price on such Valid Day; provided that if the calculation contained in clause (ii) above results in a negative number, the Daily Option Value for such Valid Day shall be deemed to be zero.  In no event will the Daily Option Value be less than zero.
Applicable Limit:        For any Option, an amount of cash equal to the Applicable Percentage multiplied by the excess of (i) the aggregate of (A) the amount of cash, if any, paid to the Holder of the related Convertible Note upon conversion of such Convertible Note and (B) the number of Shares, if any, delivered to the Holder of the related Convertible Note upon conversion of such Convertible Note multiplied by the Applicable Limit Price on the Settlement Date for such Option, over (ii) USD 1,000.  Counterparty shall notify Dealer (which notice may, for the avoidance of doubt, be by email) of such amount of cash, if any, and number of Shares, if any, prior to the Settlement Date.
Applicable Limit Price:    On any day, the opening price as displayed under the heading “Op” on Bloomberg page [_______] <equity> (or any successor thereto).
Valid Day:        A day on which (i) there is no Market Disruption Event and (ii) trading in the Shares generally occurs on the Exchange or, if the Shares are not then listed on the Exchange, on the principal other United States national or regional securities exchange on which the Shares are then listed or, if the Shares are not then listed on a United States national or regional securities exchange, on the principal other market on which the Shares are then listed or admitted for trading. If the Shares are not so listed or admitted for trading, “Valid Day” means a Business Day.
Scheduled Valid Day:    A day that is scheduled to be a Valid Day on the principal United States national or regional securities exchange or market on which the Shares are listed or admitted for trading.  If the Shares are not so listed or admitted for trading, “Scheduled Valid Day” means a Business Day.
Business Day:        Any day other than a Saturday, a Sunday or a day on which the Federal Reserve Bank of New York is authorized or required by law or executive order to close or be closed.  

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Relevant Price:        On any Valid Day, the per Share volume-weighted average price as displayed under the heading “Bloomberg VWAP” on Bloomberg page [_______] <equity> AQR (or its equivalent successor if such page is not available) in respect of the period from the scheduled opening time of the Exchange to the Scheduled Closing Time of the Exchange on such Valid Day (or if such volume-weighted average price is unavailable at such time, the market value of one Share on such Valid Day, as determined by the Calculation Agent in a commercially reasonable manner using, if practicable, a volume-weighted average method). The Relevant Price will be determined without regard to after-hours trading or any other trading outside of the regular trading session trading hours.
Settlement Averaging Period:    For any Option and regardless of the Settlement Method applicable to such Option, the 20 consecutive Valid Days commencing on, and including, the 21st Scheduled Valid Day immediately prior to the Expiration Date.
Settlement Date:        For any Option, the later of (i) the second Business Day immediately following the final Valid Day of the Settlement Averaging Period for such Option and (ii) the settlement date for the consideration due upon conversion of the related Convertible Note, as notified by Counterparty to Dealer in writing (which notice may, for the avoidance of doubt, be by e-mail) prior to the date specified in clause (i). For the avoidance of doubt, in the absence of the notice specified in clause (ii) of the foregoing sentence prior to the date specified in clause (i) of the foregoing sentence, the Settlement Date shall be as specified in clause (i) of the foregoing sentence.
Settlement Currency:    USD
Other Applicable Provisions:     The provisions of Sections 9.1(c), 9.8, 9.9 and 9.11 of the Equity Definitions will be applicable, except that all references in such provisions to “Physically-settled” shall be read as references to “Share Settled”.  “Share Settled” in relation to any Option means that Net Share Settlement or Combination Settlement is applicable to that Option.
Representation and Agreement:      Notwithstanding anything to the contrary in the Equity Definitions (including, but not limited to, Section 9.11 thereof), the parties acknowledge that (i) any Shares delivered to Counterparty shall be, upon delivery, subject to restrictions and limitations arising from Counterparty’s status as issuer of the Shares under applicable securities laws, (ii) Dealer may deliver any Shares required to be delivered hereunder in certificated form in lieu of delivery through the Clearance System and (iii) any Shares delivered to Counterparty may be “restricted securities” (as defined in Rule 144 under the Securities Act of 1933, as amended (the “Securities Act”)).
3.Additional Terms applicable to the Transaction.
         Adjustments applicable to the Transaction:
Potential Adjustment Events:   Notwithstanding Section 11.2(e) of the Equity Definitions, a “Potential Adjustment Event” means an occurrence of any event or condition, as set forth in any Dilution Adjustment Provision, that would result in an adjustment under the Indenture to the “Conversion Rate” or the composition of a “unit of Reference Property” or to any “Last Reported Sale Price,” “Daily VWAP,” “Daily Conversion Value” or “Daily Settlement Amount” (each as defined in the Indenture).  For the avoidance of doubt, Dealer shall not have any delivery or payment obligation hereunder, and no adjustment shall be made to the terms of the Transaction, on account of (x) 

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any distribution of cash, property or securities by Counterparty to holders of the Convertible Notes (upon conversion or otherwise) or (y) any other transaction in which holders of the Convertible Notes are entitled to participate, in each case, in lieu of an adjustment under the Indenture of the type referred to in the immediately preceding sentence (including, without limitation, pursuant to the sixth sentence of Section 14.04(c) of the Indenture or the fourth sentence of Section 14.04(d) of the Indenture).
Method of Adjustment:     Calculation Agent Adjustment, which means that, notwithstanding Section 11.2(c) of the Equity Definitions (and, for the avoidance of doubt, subject to Section 9(x) of this Confirmation, in lieu of any adjustments pursuant to Section 11.2(c) of the Equity Definitions), upon any Potential Adjustment Event, the Calculation Agent, acting in good faith and in a commercially reasonable manner, shall make a corresponding adjustment in respect of any adjustment to the Convertible Notes under the Indenture to any one or more of the Strike Price, Number of Options and Option Entitlement.
Notwithstanding the foregoing and “Consequences of Merger Events / Tender Offers” below:
(i)    if the Calculation Agent in good faith and in a commercially reasonable manner disagrees with any adjustment to the Convertible Notes that involves an exercise of discretion by Counterparty or its board of directors (including, without limitation, pursuant to Section 14.05 of the Indenture, Section 14.07 of the Indenture or any supplemental indenture entered into thereunder or in connection with any proportional adjustment or the determination of the fair value of any securities, property, rights or other assets), then in each such case, the Calculation Agent will determine in good faith and in a commercially reasonable manner the adjustment to be made to any one or more of the Strike Price, Number of Options and Option Entitlement, taking into account the relevant provisions of the Indenture; provided that, notwithstanding the foregoing, if any Potential Adjustment Event occurs during the Settlement Averaging Period but no adjustment was made to any Convertible Note under the Indenture because the relevant Holder (as such term is defined in the Indenture) was deemed to be a record owner of the underlying Shares on the related Conversion Date, then the Calculation Agent shall in good faith and in a commercially reasonable manner make an adjustment, consistent with the methodology set forth in the Indenture, to the terms hereof in order to account for such Potential Adjustment Event;
(ii)    in connection with any Potential Adjustment Event as a result of an event or condition set forth in Section 14.04(b) of the Indenture or Section 14.04(c) of the Indenture where, in either case, the period for determining “Y” (as such term is used in Section 14.04(b) of the Indenture) or “SP0” (as such term is used in Section 14.04(c) of the Indenture), as the case may be, begins before Counterparty has publicly announced the event or condition giving rise to such Potential Adjustment Event, then the Calculation Agent shall, in good faith and in a commercially reasonable manner, have the right to adjust any one or more of the Strike Price, Number of Options and Option Entitlement as appropriate to reflect commercially reasonable costs documented in reasonable detail (including, but not limited to, hedging mismatches and market losses customary for transactions of this type) and expenses that would be incurred by Dealer assuming Dealer is maintaining a commercially reasonable hedge position (subject to the requirements 

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set forth under Hedging Adjustments below) as a result of such event or condition not having been publicly announced prior to the beginning of such period; and
(iii)    if any Potential Adjustment Event is declared and (a) the event or condition giving rise to such Potential Adjustment Event is subsequently amended, modified, cancelled or abandoned, (b) the “Conversion Rate” (as defined in the Indenture) is otherwise not adjusted at the time or in the manner contemplated by the relevant Dilution Adjustment Provision based on such declaration or (c) the “Conversion Rate” (as defined in the Indenture) is adjusted as a result of such Potential Adjustment Event and subsequently re-adjusted (each of clauses (a), (b) and (c), a “Potential Adjustment Event Change”) then, in each case, the Calculation Agent shall,  in good faith and in a commercially reasonable manner, have the right to adjust any one or more of the Strike Price, Number of Options and Option Entitlement as appropriate to reflect the commercially reasonable costs documented in reasonable detail (including, but not limited to, hedging mismatches and market losses customary for transactions of this type) and expenses that would be incurred by Dealer assuming dealer is maintaining a commercially reasonable hedge position (subject to the requirements set forth under Hedging Adjustments below) as a result of such Potential Adjustment Event Change.
Dilution Adjustment Provisions:    Sections 14.04(a), (b), (c), (d) and (e) and Section 14.05 of the Indenture.
Extraordinary Events applicable to the Transaction:
Merger Events:        Applicable; provided that notwithstanding Section 12.1(b) of the Equity Definitions, a “Merger Event” means the occurrence of any event or condition set forth in the definition of “Share Exchange Event” in Section 14.07(a) of the Indenture.
Tender Offers:        Applicable; provided that notwithstanding Section 12.1(d) of the Equity Definitions, a “Tender Offer” means the occurrence of any event or condition set forth in Section 14.04(e) of the Indenture.  
Consequences of Merger Events/
Tender Offers:        Notwithstanding Section 12.2 and Section 12.3 of the Equity Definitions, upon the occurrence of a Merger Event or a Tender Offer, the Calculation Agent shall make in a commercially reasonable manner a corresponding adjustment in respect of any adjustment under the Indenture to any one or more of the nature of the Shares (in the case of a Merger Event), Strike Price, Number of Options and Option Entitlement to the extent that an analogous adjustment is required to be made pursuant to the Indenture in respect of such Merger Event or Tender Offer, subject to the second paragraph under “Method of Adjustment”; provided, however, that such adjustment shall be made without regard to any adjustment to the Conversion Rate pursuant to any Excluded Provision; provided further that if, with respect to a Merger Event or a Tender Offer, (i) the consideration for the Shares includes (or, at the option of a holder of Shares, may include) shares of an entity or person that is not a corporation or is not organized under the laws of the United States, any State thereof or the District of Columbia or (ii) the Counterparty to the Transaction following such Merger Event or Tender Offer will not be a corporation organized under the laws of the United States, any State thereof or the District of Columbia, then, in either case, subject to Section 9(l), Cancellation and Payment (Calculation 

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Agent Determination) may apply at Dealer’s commercially reasonable election; provided further that, for the avoidance of doubt, adjustments shall be made pursuant to the provisions set forth above regardless of whether any Merger Event or Tender Offer gives rise to an Early Conversion.
Consequences of Announcement Events:    Modified Calculation Agent Adjustment as set forth in Section 12.3(d) of the Equity Definitions; provided that, in respect of an Announcement Event, the definition of “Modified Calculation Agent Adjustment” set forth in Section 12.3 of the Equity Definitions shall be modified in the following manner: (x) references to “Tender Offer” shall be replaced by references to “Announcement Event” and references to “Tender Offer Date” shall be replaced by references to “date of such Announcement Event”, (y) the phrase “exercise, settlement, payment or any other terms of the Transaction (including, without limitation, the spread)” shall be replaced with the phrase “Cap Price (provided that in no event shall the Cap Price be less than the Strike Price)”, and the words “whether within a commercially reasonable (as determined by the Calculation Agent) period of time prior to or after the Announcement Event,” shall be inserted prior to the word “which” in the seventh line, and (z) for the avoidance of doubt, the Calculation Agent shall in a commercially reasonable manner determine whether the relevant Announcement Event has had a material economic effect on the Transaction (and, if so, shall adjust the Cap Price accordingly in a commercially reasonable manner and to account solely for changes in volatility, expected dividends, stock loan rate or liquidity relevant to the Shares or to the Transaction) on one or more occasions on or after the date of the Announcement Event up to, and including, the Expiration Date, any Early Termination Date and/or any other date of cancellation, it being understood that any adjustment in respect of an Announcement Event shall take into account any earlier adjustment relating to the same Announcement Event.  An Announcement Event shall be an “Extraordinary Event” for purposes of the Equity Definitions, to which Article 12 of the Equity Definitions is applicable; provided, however, that upon the Calculation Agent making an adjustment, determined in a commercially reasonable manner, to the Cap Price upon any Announcement Event, then the Calculation Agent shall make an adjustment in a commercially reasonable manner to the Cap Price upon any announcement regarding the same event that gave rise to the original Announcement Event regarding the abandonment of any such event to the extent necessary to reflect the economic effect of such subsequent announcement on the Transaction (provided that in no event shall the Cap Price be less than the Strike Price).
Announcement Event:    (i) The public announcement by (x) any Valid Third-Party Entity of any transaction or event that the Calculation Agent determines is reasonably likely to be completed and that, if completed, would constitute a Merger Event or Tender Offer (it being understood and agreed that in determining whether such transaction or event is reasonably likely to be completed, the Calculation Agent shall take into consideration the effect of the relevant announcement on the Shares and/or options relating to the Shares and, if such effect is material, shall deem such transaction or event to be reasonably likely to be completed), (y) Issuer or any subsidiary thereof of any potential acquisition or disposition by Issuer and/or its subsidiaries where the aggregate consideration exceeds 35% of the market capitalization of Issuer as of the date of such announcement (an “Acquisition Transaction”) or (z) Issuer, any subsidiary of Issuer or any Valid Third-Party Entity of the intention to enter into a Merger Event or Tender Offer or an Acquisition Transaction (in the case of a Valid Third-Party Entity, that the Calculation 

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Agent determines is capable, financially and otherwise, of consummating the relevant Merger Event, Tender Offer or Acquisition Transaction, it being understood and agreed that in making such determination, the Calculation Agent shall take into consideration the effect of the relevant announcement on the Shares and/or options relating to the Shares and, if such effect is material, shall deem such entity to be capable of consummating the relevant Merger Event, Tender Offer or Acquisition Transaction), (ii) the public announcement by Issuer of an intention to explore strategic alternatives that may include a Merger Event or Tender Offer or an Acquisition Transaction or (iii) any subsequent public announcement by any Valid Third-Party Entity, Issuer or any subsidiary of Issuer of a change to a transaction or intention that is the subject of an announcement of the type described in clause (i) or (ii) of this sentence (including, without limitation, a new announcement, whether or not by the same party, relating to such a transaction or intention or the announcement of a withdrawal from, or the abandonment or discontinuation of, such a transaction or intention), as determined by the Calculation Agent in a commercially reasonable manner. For the avoidance of doubt, the occurrence of an Announcement Event with respect to any transaction or intention shall not preclude the occurrence of a later Announcement Event with respect to such transaction or intention. For purposes of this definition of “Announcement Event,” (A) “Merger Event” shall mean such term as defined under Section 12.1(b) of the Equity Definitions (but, for the avoidance of doubt, the remainder of the definition of “Merger Event” in Section 12.1(b) of the Equity Definitions following the definition of “Reverse Merger” therein shall be disregarded) and (B) “Tender Offer” shall mean such term as defined under Section 12.1(d) of the Equity Definitions, as modified by Section 9(x)(iii) below.
Valid Third-Party Entity:    In respect of any transaction, any third party that the Calculation Agent in good faith and in a commercially reasonable manner determines has a bona fide intent to enter into or consummate such transaction (it being understood and agreed that in determining whether such third party has such a bona fide intent, the Calculation Agent shall take into consideration the effect of the relevant announcement by such third party on the Shares and/or options relating to the Shares).
Nationalization, Insolvency or Delisting:    Cancellation and Payment (Calculation Agent Determination); provided that, in addition to the provisions of Section 12.6(a)(iii) of the Equity Definitions, it will also constitute a Delisting if the Exchange is located in the United States and the Shares are not immediately re-listed, re-traded or re-quoted on any of the New York Stock Exchange, The NASDAQ Global Select Market or The NASDAQ Global Market (or their respective successors); if the Shares are immediately re-listed, re-traded or re-quoted on any of the New York Stock Exchange, The NASDAQ Global Select Market or The NASDAQ Global Market (or their respective successors), such exchange or quotation system shall thereafter be deemed to be the Exchange.
Additional Disruption Events:
Change in Law:        Applicable; provided that Section 12.9(a)(ii) of the Equity Definitions is hereby amended by (i) replacing the phrase “the interpretation” in the third line thereof with the phrase “, or public announcement of, the formal or informal interpretation”, (ii) replacing the word “Shares” where it appears in clause (X) thereof with the words “Hedge Position”, (iii) replacing the parenthetical beginning after the word “regulation” in the second line 

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thereof the words “(including, for the avoidance of doubt and without limitation, (x) any tax law or (y) adoption, effectiveness or promulgation of new regulations authorized or mandated by existing statute)”, and (iv) adding the words “provided that in the case of clause (Y) hereof and any law, regulation or interpretation, the consequence of such law, regulation or interpretation is applied consistently by Dealer to all of its similarly situated counterparties and/or similar transactions;” after the semi-colon in the last line thereof.
Failure to Deliver:    Applicable
Hedging Disruption:    Applicable; provided that:
(i)    Section 12.9(a)(v) of the Equity Definitions is hereby amended by inserting the following phrase at the end of such Section:
    “For the avoidance of doubt, the term “equity price risk” shall be deemed to include, but shall not be limited to, stock price and volatility risk. And, for the further avoidance of doubt, any such transactions or assets referred to in phrases (A) or (B) above must be available on commercially reasonable pricing terms.”; and
(ii)    Section 12.9(b)(iii) of the Equity Definitions is hereby amended by inserting in the third line thereof, after the words “to terminate the Transaction”, the words “or a portion of the Transaction affected by such Hedging Disruption”.
Increased Cost of Hedging:    Not applicable
Hedging Party:        For all applicable Additional Disruption Events, Dealer.
Determining Party:    For all applicable Extraordinary Events, Dealer; provided that when making any determination or calculation as “Determining Party,” Dealer shall be bound by the same obligations relating to required acts of the Calculation Agent as set forth in Section 1.40 of the Equity Definitions and this Confirmation as if Determining Party were the Calculation Agent.
            Following any determination or calculation by Determining Party hereunder, upon a written request by Counterparty (which may be by email), Determining Party will promptly (but in any event within five Scheduled Trading Days) provide to Counterparty by email to the email address provided by Counterparty in such written request a report (in a commonly used file format for the storage and manipulation of financial data) displaying in reasonable detail the basis for such determination or calculation (including any assumptions used in making such determination or calculation), it being understood that in no event will Determining Party be obligated to share with Counterparty any proprietary or confidential data or information or any proprietary or confidential models used by it in making such determination or calculation or any information that is subject to an obligation not to disclose such information.
All calculations and determinations made by Determining Party shall be made in good faith and in a commercially reasonable manner.
Non-Reliance:        Applicable
Agreements and Acknowledgments

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       Regarding Hedging Activities:           Applicable
Hedging Adjustment:    For the avoidance of doubt, whenever the Determining Party or Calculation Agent is permitted to make an adjustment pursuant to the terms of this Confirmation or the Equity Definitions to take into account the effect of an event, the Determining Party or Calculation Agent, as the case may be, shall make such commercially reasonable adjustment by reference to the effect of such event on Dealer assuming that Dealer maintains a commercially reasonable hedge position.
Additional Acknowledgments: Applicable
4.Calculation Agent.    
Dealer; provided that all calculations and determinations by the Calculation Agent (other than calculations and determinations made by reference to the Indenture) shall be made in good faith and in a commercially reasonable manner and assuming for such purposes that Dealer is maintaining, establishing or unwinding, as applicable, a commercially reasonable hedge position; and provided further that, following the occurrence and during the continuance of an Event of Default of the type described in Section 5(a)(vii) of the Agreement with respect to which Dealer is the sole Defaulting Party, Counterparty shall have the right to designate a nationally recognized independent equity derivatives dealer to replace Dealer as the Calculation Agent, and the parties shall work in good faith to execute any appropriate documentation required by such replacement Calculation Agent. 
Following any adjustment, determination or calculation by the Calculation Agent hereunder, upon a written request by Counterparty (which may be by email), the Calculation Agent will promptly (but in any event within five Scheduled Trading Days) provide to Counterparty by email to the email address provided by Counterparty in such written request a report (in a commonly used file format for the storage and manipulation of financial data) displaying in reasonable detail the basis for such adjustment, determination or calculation (including any assumptions used in making such adjustment, determination or calculation), it being understood that in no event will the Calculation Agent be obligated to share with Counterparty any proprietary or confidential data or information or any proprietary or confidential models used by it in making such adjustment, determination or calculation or any information that is subject to an obligation not to disclose such information.
All calculations and determinations by the Calculation Agent shall be made in good faith and in a commercially reasonable manner.
5.Account Details.
(a)Account for payments to Counterparty:
Bank:    [____________]
ABA#:     [____________]
Acct No.:     [____________]
Beneficiary:   [____________]
Ref:    [____________]
Account for delivery of Shares to Counterparty:  
[____________]

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(b)Account for payments to Dealer:
[________]
Account for delivery of Shares from Dealer:
To be provided.
6.Offices.
(a)The Office of Counterparty for the Transaction is:  Inapplicable, Counterparty is not a Multibranch Party.
(b)The Office of Dealer for the Transaction is:  [New York]
7.Notices.  
(a)Address for notices or communications to Counterparty:
[_______] 
(b)Address for notices or communications to Dealer:
[____________________]
Attention:     [____________] 
Telephone:    [____________]
Facsimile:    [____________]
Email:        [____________]
[With a copy to:
[____________________]
Attention:     [____________] 
Telephone:    [____________]
Facsimile:    [____________]
Email:        [____________]]
8.Representations and Warranties.
a.Representations and Warranties of Counterparty.  Each of the representations and warranties of Counterparty set forth in Section 1 of the Purchase Agreement (the “Purchase Agreement”) dated as of March [___], 2021, among Counterparty and [_______] and [_______], as representatives of the Initial Purchasers party thereto (the “Initial Purchasers”), are true and correct and are hereby deemed to be repeated to Dealer as if set forth herein.  Counterparty hereby further represents and warrants to Dealer on the date hereof and on and as of the Premium Payment Date, in lieu of the representations set forth in Section 3(a) of the Agreement, that:  
i.Counterparty has all necessary corporate power and authority to execute, deliver and perform its obligations in respect of the Transaction; such execution, delivery and performance have been duly authorized by all necessary corporate action on Counterparty’s part; and this Confirmation has been duly and validly executed and delivered by Counterparty and constitutes its valid and binding obligation, enforceable against Counterparty in accordance with its terms, subject to applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and similar laws affecting creditors’ rights and remedies generally, and subject, as to enforceability, to general principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at law or in equity) and except that rights to indemnification and contribution hereunder may be limited by federal or state securities laws or public policy relating thereto.

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ii.Neither the execution and delivery of this Confirmation nor the incurrence or performance of obligations of Counterparty hereunder will conflict with or result in a breach of the certificate of incorporation or bylaws (or any equivalent documents) of Counterparty, or any applicable law or regulation, or any order, writ, injunction or decree of any court or governmental authority or agency, or any agreement or instrument to which Counterparty or any of its subsidiaries is a party or by which Counterparty or any of its subsidiaries is bound or to which Counterparty or any of its subsidiaries is subject, or constitute a default under, or result in the creation of any lien under, any such agreement or instrument.
iii.No consent, approval, authorization, or order of, or filing with, any governmental agency or body or any court is required in connection with the execution, delivery or performance by Counterparty of this Confirmation, except such as have been obtained or made and such as may be required under the Securities Act or state securities laws.
iv.Counterparty is not and, after consummation of the transactions contemplated hereby, will not be required to register as an “investment company” as such term is defined in the Investment Company Act of 1940, as amended.
v.Counterparty is an “eligible contract participant” (as such term is defined in Section 1a(18) of the Commodity Exchange Act, as amended) other than a person that is an eligible contract participant under Section 1a(18)(C) of the Commodity Exchange Act, as amended. .
vi.Counterparty is not, on the date hereof, aware of any material non-public information with respect to Counterparty or the Shares.
vii.To the knowledge of Counterparty, no state or local (including any non-U.S. jurisdiction’s) law, rule, regulation or regulatory order applicable to the Shares would give rise to any reporting, consent, registration or other requirement (including without limitation a requirement to obtain prior approval from any person or entity) as a result of Dealer or its affiliates owning or holding (however defined) Shares (except for filings of any Form 13F, Schedule 13D or Schedule 13G under the Exchange Act); provided that Counterparty makes no representation or warranty regarding any such requirement that is applicable generally to the ownership of equity securities by Dealer or any of its affiliates solely as a result of it or any of such affiliates being a financial institution or broker-dealer.
viii.Counterparty (A) is capable of evaluating investment risks independently, both in general and with regard to all transactions and investment strategies involving a security or securities; (B) will exercise independent judgment in evaluating the recommendations of any broker-dealer or its associated persons, unless it has otherwise notified the broker-dealer in writing; and (C) has total assets of at least USD 50 million.
ix.The assets of Counterparty do not constitute “plan assets” under the Employee Retirement Income Security Act of 1974, as amended, the Department of Labor Regulations promulgated thereunder or similar law.
x.On each of the Trade Date, the Premium Payment Date and immediately after giving effect to the Transaction on the Premium Payment Date, (A) Counterparty is not “insolvent” (as such term is defined under Section 101(32) of the U.S. Bankruptcy Code (Title 11 of the United States Code) (the “Bankruptcy Code”)) and (B) Counterparty would be able to purchase the Number of Shares with respect to the Transaction in compliance with the laws of the jurisdiction of Counterparty’s incorporation (including the adequate surplus and capital requirements of Sections 154 and 160 of the General Corporation Law of the State of Delaware).

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b.Representations and Warranties of Dealer.  Dealer hereby represents and warrants to Counterparty on the date hereof and on and as of the Premium Payment Date, in lieu of the representations set forth in Section 3(a) of the Agreement, that:
i.Dealer has all necessary corporate power and authority to execute, deliver and perform its obligations in respect of the Transaction; such execution, delivery and performance have been duly authorized by all necessary corporate action on Dealer’s part; and this Confirmation has been duly and validly executed and delivered by Dealer and constitutes its valid and binding obligation, enforceable against Dealer in accordance with its terms, subject to applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and similar laws affecting creditors’ rights and remedies generally, and subject, as to enforceability, to general principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at law or in equity) and except that rights to indemnification and contribution hereunder may be limited by federal or state securities laws or public policy relating thereto.
ii.Neither the execution and delivery of this Confirmation nor the incurrence or performance of obligations of Dealer hereunder will conflict with or result in a breach of (1) the certificate of incorporation or bylaws (or any equivalent documents) of Dealer, or (2) any applicable law or regulation, or any order, writ, injunction or decree of any court or governmental authority or agency, or (3) any agreement or instrument to which Dealer or any of its subsidiaries is a party or by which Dealer or any of its subsidiaries is bound or to which Dealer or any of its subsidiaries is subject, or (4) constitute a default under, or result in the creation of any lien under, any such agreement or instrument.
iii.No consent, approval, authorization, or order of, or filing with, any governmental agency or body or any court is required in connection with the execution, delivery or performance by Dealer of this Confirmation, except such as have been obtained or made and such as may be required under the Securities Act or state securities laws.
iv.Dealer is an “eligible contract participant” (as such term is defined in Section 1a(18) of the Commodity Exchange Act, as amended, other than a person that is an eligible contract participant under Section 1a(18)(C) of the Commodity Exchange Act).
v.On each of the Trade Date and the Premium Payment Date, Dealer is not “insolvent” (as such term is defined under Section 101(32) of the Bankruptcy Code.
9.Other Provisions.
a.Opinions.  Counterparty shall deliver to Dealer an opinion of counsel, dated as of the Premium Payment Date, with respect to the due incorporation, existence and good standing of Counterparty in Delaware, the due authorization, execution and delivery of this Confirmation, and, in respect of the execution, delivery and performance of this Confirmation, the absence of any conflict with or breach of any material agreement required to be filed as an exhibit to Counterparty’s Annual Report on Form 10-K.  Delivery of such opinion to Dealer shall be a condition precedent for the purpose of Section 2(a)(iii) of the Agreement with respect to each obligation of Dealer under Section 2(a)(i) of the Agreement.
b.Repurchase Notices.  Counterparty shall, on any day on which Counterparty effects any repurchase of Shares, promptly give Dealer a written notice of such repurchase (a “Repurchase Notice”) on such day if following such repurchase, the number of outstanding Shares as determined on such day is (i) less than [__]14 million (in the case of the first such notice) or (ii) 

14 Insert the number of Shares outstanding that would cause Dealer’s current position in the Shares underlying the Transaction (including the number of Shares underlying any additional transaction if the greenshoe is exercised in full, and any Shares under other call option transactions with Counterparty) to increase by 0.5%. To be based on participating Dealer with greatest number of Shares underlying all capped call transactions. 

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thereafter more than [__]15 million less than the number of Shares included in the immediately preceding Repurchase Notice; provided that, with respect to any repurchase of Shares pursuant to a plan under Rule 10b5-1 of the Exchange Act, Counterparty may elect to satisfy such requirement by promptly giving Dealer written notice of the entry into such plan, the maximum number of shares that may be purchased thereunder and the approximate dates or periods during which such repurchases may occur (with such maximum number of Shares deemed repurchased on the date of such notice for purposes of this Section 9(b)), provided further, that Counterparty agrees (without, for the avoidance of doubt, affecting Counterparty’s obligations pursuant to this section as a result of a failure to deliver a Repurchase Notice) that it will not provide Dealer with any such notice if the information contained therein could otherwise constitute material nonpublic information, unless Counterparty first publicly discloses such information. Counterparty agrees to indemnify and hold harmless Dealer and its affiliates and their respective officers, directors, employees, affiliates, advisors, agents and controlling persons (each, an “Indemnified Person”) from and against any and all commercially reasonable losses (including losses relating to Dealer’s commercially reasonable hedging activities as a consequence of becoming, or of the risk of becoming, a Section 16 “insider”, including without limitation, any forbearance from hedging activities or cessation of hedging activities and any losses in connection therewith with respect to the Transaction), claims, damages, judgments, liabilities and expenses (including reasonable attorney’s fees of one outside counsel in each relevant jurisdiction), joint or several, which an Indemnified Person may become subject to, as a result of Counterparty’s failure to provide Dealer with a Repurchase Notice on the day and in the manner specified in this paragraph, and to reimburse, within 30 days, upon written request, each of such Indemnified Persons for any commercially reasonable out-of-pocket legal or other expenses incurred (and supported by invoices or other documentation setting forth in reasonable detail such expenses) in connection with investigating, preparing for, providing testimony or other evidence in connection with or defending any of the foregoing.  If any suit, action, proceeding (including any governmental or regulatory investigation), claim or demand shall be brought or asserted against the Indemnified Person as a result of Counterparty’s failure to provide Dealer with a Repurchase Notice in accordance with this paragraph, such Indemnified Person shall promptly notify Counterparty in writing, and Counterparty, upon request of the Indemnified Person, shall retain counsel reasonably satisfactory to the Indemnified Person to represent the Indemnified Person and any others Counterparty may designate in such proceeding and shall pay the commercially reasonable fees and expenses of such counsel related to such proceeding.  Counterparty shall not be liable to the extent that the Indemnified Person fails to notify Counterparty within a commercially reasonable period of time after any action is commenced against it in respect of which indemnity may be sought hereunder.  In addition, Counterparty shall not be liable for any settlement of any proceeding contemplated by this paragraph that is effected without its written consent, but if settled with such consent or if there be a final judgment for the plaintiff, Counterparty agrees to indemnify any Indemnified Person from and against any commercially reasonable loss or liability by reason of such settlement or judgment.  Counterparty shall not, without the prior written consent of the Indemnified Person, effect any settlement of any pending or threatened proceeding contemplated by this paragraph that is in respect of which any Indemnified Person is or could have been a party and indemnity could have been sought hereunder by such Indemnified Person, unless such settlement includes an unconditional release of such Indemnified Person from all liability on claims that are the subject matter of such proceeding on terms reasonably satisfactory to such Indemnified Person.  Counterparty shall not be liable for any losses, claims, damages or liabilities (or expenses relating thereto) of any Indemnified Person that result from the bad faith, gross negligence, willful misconduct or fraud of such Indemnified Person. If the indemnification provided for in this paragraph is unavailable to an Indemnified Person or insufficient in respect of any losses, claims, damages or liabilities referred to therein, then Counterparty hereunder, in lieu of indemnifying such Indemnified Person thereunder, shall contribute to the amount paid or payable by such Indemnified Person as a result of such losses, claims, damages or liabilities.  The 

15 Insert the number of Shares that, if repurchased, would cause Dealer’s current position in the Shares underlying the Transaction (including the number of Shares underlying any additional transaction if the greenshoe is exercised in full, and any Shares under other call option transactions with Counterparty) to increase by 0.5%. To be based on participating Dealer with greatest number of Shares underlying all capped call transactions.

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remedies provided for in this paragraph (b) are not exclusive and shall not limit any rights or remedies which may otherwise be available to any Indemnified Person at law or in equity.  The indemnity and contribution agreements contained in this paragraph shall remain operative and in full force and effect regardless of the termination of the Transaction.
c.Regulation M.  Counterparty is not on the Trade Date engaged in a distribution, as such term is used in Regulation M under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), of any securities of Counterparty, other than a distribution meeting the requirements of the exception set forth in Rules 101(b)(10) and 102(b)(7) of Regulation M.  Counterparty shall not, until the second Scheduled Trading Day immediately following the Effective Date, engage in any such distribution.
d.No Manipulation.  Counterparty is not entering into the Transaction to create actual or apparent trading activity in the Shares (or any security convertible into or exchangeable for the Shares) or to manipulate the price of the Shares (or any security convertible into or exchangeable for the Shares) or otherwise in violation of the Exchange Act.
e.Transfer or Assignment.  
i.Counterparty shall have the right to transfer or assign its rights and obligations hereunder with respect to all, but not less than all, of the Options hereunder (such Options, the “Transfer Options”); provided that such transfer or assignment shall be subject to reasonable conditions that Dealer may impose, including but not limited, to the following conditions:
A.With respect to any Transfer Options, Counterparty shall not be released from its notice and indemnification obligations pursuant to Section 9(b) or any obligations under Section 9(n) or 9(s) of this Confirmation;
B.Any Transfer Options shall only be transferred or assigned to a third party that is a United States person (as defined in the Internal Revenue Code of 1986, as amended) (the “Revenue Code”);
C.Such transfer or assignment shall be effected on terms, including any reasonable undertakings by such third party (including, but not limited to, an undertaking with respect to compliance with applicable securities laws in a manner that, in the reasonable judgment of Dealer, will not expose Dealer to material risks under applicable securities laws) and execution of any documentation and delivery of legal opinions with respect to securities laws and other matters by such third party and Counterparty, as are reasonably requested and reasonably satisfactory to Dealer;
D.Dealer will not, as a result of such transfer and assignment, be required to pay the transferee on any payment date an amount under Section 2(d)(i)(4) of the Agreement greater than an amount that Dealer would have been required to pay to Counterparty in the absence of such transfer and assignment;
E.An Event of Default, Potential Event of Default or Termination Event will not occur as a result of such transfer and assignment;
F.Without limiting the generality of clause (B), Counterparty shall cause the transferee to make such Payee Tax Representations and to provide such tax documentation as may be reasonably requested by Dealer to permit Dealer to determine that results described in clauses (D) and (E) will not occur upon or after such transfer and assignment; and

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G.Counterparty shall be responsible for all reasonable costs and expenses, including reasonable counsel fees, incurred by Dealer in connection with such transfer or assignment.
ii.Dealer may transfer or assign (a “Transfer”) all or any part of its rights or obligations under the Transaction (A) without Counterparty’s consent, to any affiliate of Dealer (1) that has a long-term issuer rating that is equal to or better than Dealer’s credit rating at the time of such transfer or assignment, or (2) whose obligations hereunder will be guaranteed, pursuant to the terms of a customary guarantee in a form used by Dealer or its ultimate parent generally for similar transactions, by Dealer or its ultimate parent (provided that in connection with any Transfer pursuant to clause (A)(2) hereof, the guarantee of any guarantor of the relevant transferee’s obligations under the Transaction shall constitute a Credit Support Document under the Agreement) or (B) with Counterparty’s consent (such consent not to be unreasonably withheld or delayed), to any third party financial institution that is a recognized dealer in the market for U.S. corporate equity derivatives and that has a long-term issuer rating equal to or better than the lesser of (1) the credit rating of Dealer at the time of the transfer and (2) A- by Standard and Poor’s Rating Group, Inc. or its successor (“S&P”), or A3 by Moody’s Investor Service, Inc. (“Moody’s”) or, if either S&P or Moody’s ceases to rate such debt, at least an equivalent rating or better by a substitute rating agency mutually agreed by Counterparty and Dealer; provided that, in the case of any Transfer (I) such a Transfer shall not occur unless an Event of Default, Potential Event of Default or Termination Event will not occur as a result of such Transfer; (II) at the time of such Transfer either (i) each of Dealer and the transferee in any such Transfer is a “dealer in securities” within the meaning of Section 475(c)(1) of the Revenue Code or (ii) the Transfer does not result in a deemed exchange by Counterparty within the meaning of Section 1001 of the Revenue Code; and (III) after any such Transfer (a) Counterparty will not, as a result of any withholding or deduction made by the transferee or assignee as a result of any Tax, receive from the transferee or assignee on any payment date or delivery date (after accounting for amounts paid by the transferee or assignee under Section 2(d)(i)(4) of the Agreement as well as such withholding or deduction) an amount or a number of Shares, as applicable, lower than the amount or the number of Shares, as applicable, that Dealer would have been required to pay or deliver to Counterparty in the absence of such Transfer (except to the extent such lower amount or number results from a change in law after the date of such Transfer), and (b) Dealer shall cause the transferee or assignee to make such Payee Tax Representations and to provide such tax documentation as may be reasonably requested by Counterparty to permit Counterparty to make any necessary determinations pursuant to clause (III)(a) of this proviso; provided further that Dealer shall promptly provide written notice to Counterparty following such Transfer.  If at any time at which (A) the Section 16 Percentage exceeds 7.5%, (B) the Option Equity Percentage exceeds 14.5%, or (C) the Share Amount exceeds the Applicable Share Limit (if any applies) (any such condition described in clauses (A), (B) or (C), an “Excess Ownership Position”), Dealer is unable after using its commercially reasonable efforts to effect a transfer or assignment of Options to a third party on pricing terms reasonably acceptable to Dealer and within a time period reasonably acceptable to Dealer such that no Excess Ownership Position exists, then Dealer may designate any Exchange Business Day as an Early Termination Date with respect to a portion of the Transaction (the “Terminated Portion”), such that following such partial termination no Excess Ownership Position exists.  In the event that Dealer so designates an Early Termination Date with respect to a portion of the Transaction, a payment shall be made pursuant to Section 6 of the Agreement as if (1) an Early Termination Date had been designated in respect of a Transaction having terms identical to the Transaction and a Number of Options equal to the number of Options underlying the Terminated Portion, (2) Counterparty were the sole Affected Party with respect to such partial termination and (3) the Terminated Portion were the sole Affected Transaction (and, for the avoidance of doubt, the provisions of Section 9(l) shall apply to any amount that is payable by Dealer 

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to Counterparty pursuant to this sentence as if Counterparty was not the Affected Party).  The “Section 16 Percentage” as of any day is the fraction, expressed as a percentage, (A) the numerator of which is the number of Shares that Dealer and any of its affiliates or any other person subject to aggregation with Dealer for purposes of the “beneficial ownership” test under Section 13 of the Exchange Act, or any “group” (within the meaning of Section 13 of the Exchange Act) of which Dealer is or may be deemed to be a part beneficially owns (within the meaning of Section 13 of the Exchange Act), without duplication, on such day (or, to the extent that for any reason the equivalent calculation under Section 16 of the Exchange Act and the rules and regulations thereunder results in a higher number, such higher number) and (B) the denominator of which is the number of Shares outstanding on such day.  The “Option Equity Percentage” as of any day is the fraction, expressed as a percentage, (A) the numerator of which is the sum of (1) the product of the Number of Options and the Option Entitlement and (2) the aggregate number of Shares underlying any other call option transaction sold by Dealer to Counterparty, and (B) the denominator of which is the number of Shares outstanding.  The “Share Amount” as of any day is the number of Shares that Dealer and any person whose ownership position would be aggregated with that of Dealer (Dealer or any such person, a “Dealer Person”) under any law, rule, regulation, regulatory order or organizational documents or contracts of Counterparty that are, in each case, applicable to ownership of Shares (“Applicable Restrictions”), owns, beneficially owns, constructively owns, controls, holds the power to vote or otherwise meets a relevant definition of ownership under any Applicable Restriction, as determined by Dealer in its reasonable discretion.  The “Applicable Share Limit” means a number of Shares equal to (A) the minimum number of Shares that could give rise to reporting or registration obligations or other requirements (including obtaining prior approval from any person or entity) of a Dealer Person, or could result in an adverse effect on a Dealer Person, under any Applicable Restriction, as determined by Dealer in its reasonable discretion, minus (B) 1% of the number of Shares outstanding. 
iii.Notwithstanding any other provision in this Confirmation to the contrary requiring or allowing Dealer to purchase, sell, receive or deliver any Shares or other securities, or make or receive any payment in cash, to or from Counterparty, Dealer may designate any of its affiliates to purchase, sell, receive or deliver such Shares or other securities, or to make or receive such payment in cash, and otherwise to perform Dealer’s obligations in respect of the Transaction and any such designee may assume such obligations.  Dealer shall be discharged of its obligations to Counterparty to the extent of any such performance.
f.Staggered Settlement.  If upon advice of counsel with respect to applicable legal and regulatory requirements, including any requirements relating to Dealer’s commercially reasonable hedging activities hereunder, Dealer reasonably determines that it would not be practicable or advisable to deliver, or to acquire Shares to deliver, any or all of the Shares to be delivered by Dealer on any Settlement Date for the Transaction, Dealer may, by written notice to Counterparty (which, for the avoidance of doubt, may be by email) on or prior to any Settlement Date (a “Nominal Settlement Date”), elect to deliver the Shares on two or more dates (each, a “Staggered Settlement Date”) as follows; provided that in no event shall any Staggered Settlement Date be later than the Expiration Date:
i.in such notice, Dealer will specify to Counterparty the related Staggered Settlement Dates (the first of which will be such Nominal Settlement Date and the last of which will be no later than the twentieth (20th) Exchange Business Day following such Nominal Settlement Date) and the number of Shares that it will deliver on each Staggered Settlement Date; 
ii.the aggregate number of Shares that Dealer will deliver to Counterparty hereunder on all such Staggered Settlement Dates will equal the number of Shares that Dealer would otherwise be required to deliver on such Nominal Settlement Date; and

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iii.if the Net Share Settlement terms or the Combination Settlement terms set forth above were to apply on the Nominal Settlement Date, then the Net Share Settlement terms or the Combination Settlement terms, as the case may be, will apply on each Staggered Settlement Date, except that the Shares otherwise deliverable on such Nominal Settlement Date will be allocated among such Staggered Settlement Dates as specified by Dealer in the notice referred to in clause (i) above.
g.[Insert Dealer agency boilerplate, if applicable.] 
h.Reserved.
i.Additional Termination Events.  
i.Notwithstanding anything to the contrary in this Confirmation, upon any Early Conversion in respect of which a Notice of Conversion that is effective as to Counterparty has been delivered by the relevant converting Holder:
(A)    Counterparty shall, within seven Scheduled Trading Days of the Conversion Date for such Early Conversion, provide written notice (an “Early Conversion Notice”) to Dealer specifying the number of Convertible Notes surrendered for conversion on such Conversion Date (such Convertible Notes, the “Affected Convertible Notes”), and the giving of such Early Conversion Notice shall constitute an Additional Termination Event as provided in this clause (i)[, and any Early Conversion Notice delivered to Dealer pursuant to the Base Call Option Confirmation shall be deemed to be an Early Conversion Notice pursuant to this Confirmation and the terms of such Early Conversion Notice shall apply, mutatis mutandis, to this Confirmation]16; provided that any such Early Conversion Notice shall contain an acknowledgment by Counterparty of its responsibilities under applicable securities laws, and in particular Section 9 and Section 10(b) of the Exchange Act and the rules and regulations thereunder in respect of the delivery of such Early Conversion Notice; provided further that the provisions of this Section 9(i)(i) shall not apply to any Affected Convertible Note (i) with respect to which Counterparty has elected the “Exchange in Lieu of Conversion” option pursuant to Section 14.12 of the Indenture and (ii) that has been accepted by the designated financial institution pursuant to Section 14.12 of the Indenture, except to the extent that Counterparty notifies Dealer, within five Scheduled Trading Days of the then applicable conversion settlement date determined pursuant to Section 14.02(c) of the Indenture, that (x) such financial institution has failed to pay or deliver, as the case may be, the consideration due upon conversion of such Affected Convertible Note, or (y) such Affected Convertible Note is subsequently resubmitted to Counterparty for conversion in accordance with the terms of the Indenture;
(B)    upon receipt of any such Early Conversion Notice, Dealer shall designate an Exchange Business Day as an Early Termination Date (which Exchange Business Day shall be no earlier than the later of (x) one Scheduled Trading Day following the Conversion Date for such Early Conversion and (y) the date on which Counterparty provides the written notice described in Section 9(i)(i)(A) above) with respect to the portion of the Transaction corresponding to a number of Options (the “Affected Number of Options”) equal to the lesser of (x) the number of Affected Convertible Notes [minus the “Affected Number of Options” (as defined in the Base Call Option Confirmation), if any, that relate to such Affected Convertible Notes]17 and (y) the Number of Options as of the Conversion Date for such Early Conversion;

16 Include in Additional Call Option Confirmation only.
17 Include in Additional Call Option Confirmation only.

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(C)    any payment hereunder with respect to such termination shall be calculated pursuant to Section 6 of the Agreement as if (x) an Early Termination Date had been designated in respect of a Transaction having terms identical to the Transaction and a Number of Options equal to the Affected Number of Options, (y) Counterparty were the sole Affected Party with respect to such Additional Termination Event and (z) the terminated portion of the Transaction were the sole Affected Transaction; provided that the amount payable with respect to such termination shall not be greater than (1) the Applicable Percentage, multiplied by (2) the Affected Number of Options, multiplied by (3) (x) the sum of (i) the amount of cash paid (if any) to the Holder (as such term is defined in the Indenture) of an Affected Convertible Note upon conversion of such Affected Convertible Note and (ii) the number of Shares delivered (if any) to the Holder (as such term is defined in the Indenture) of an Affected Convertible Note upon conversion of such Affected Convertible Note (including for such purposes taking into account any applicable adjustments to the Conversion Rate pursuant to Section 14.03 of the Indenture), multiplied by the Applicable Limit Price, minus (y) USD 1,000;
(D)    Counterparty shall notify Dealer (which notice may, for the avoidance of doubt, be by email) of the amount of cash, if any, paid to the Holder and the number of Shares, if any, delivered to the Holder, in each case as described in clause (3) of the foregoing Section 9(i)(i)(C), prior to relevant Early Termination Date; 
(E)     for the avoidance of doubt, in determining the amount payable in respect of such Affected Transaction pursuant to Section 6 of the Agreement, the Calculation Agent shall assume that (x) the relevant Early Conversion and any conversions, adjustments, agreements, payments, deliveries or acquisitions by or on behalf of Counterparty leading thereto had not occurred, (y) no adjustments to the Conversion Rate have occurred pursuant to any Excluded Provision and (z) the corresponding Convertible Notes remain outstanding; and
(F)    the Transaction shall remain in full force and effect, except that, as of the Conversion Date for such Early Conversion, the Number of Options shall be reduced by the Affected Number of Options.
ii.Notwithstanding anything to the contrary in this Confirmation if an event of default with respect to Counterparty occurs under the terms of the Convertible Notes as set forth in Section 6.01 of the Indenture and such event of default results in the Convertible Notes being accelerated and declared due and payable, then such event of default shall constitute an Additional Termination Event applicable to the Transaction and, with respect to such Additional Termination Event, (A) Counterparty shall be deemed to be the sole Affected Party, (B) the Transaction shall be the sole Affected Transaction and (C) Dealer shall be the party entitled to designate an Early Termination Date pursuant to Section 6(b) of the Agreement (which Early Termination Date shall be on or as promptly as reasonably practicable after Dealer becomes aware of the occurrence of such acceleration).
iii.Within seven Scheduled Trading Days following any Repayment Event (as defined below), Counterparty may, at its option, notify Dealer of such Repayment Event and the aggregate principal amount of Convertible Notes subject to such Repayment Event (any such notice, a “Repayment Notice”); provided that Counterparty shall timely provide a Repayment Notice in connection with any redemption of the Convertible Notes pursuant to the Indenture.  Any Repayment Notice shall contain an acknowledgement by Counterparty of its responsibilities under applicable securities laws, and in particular Section 9 and Section 10(b) of the Exchange Act and the rules and regulations thereunder, in respect of the delivery of such Repayment Notice and the representations by Counterparty set forth in Section 8(a)(vi) as of the date of such Repayment Notice. 

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Any Repayment Notice delivered to Dealer pursuant to the Base Call Option Confirmation shall be deemed to be a Repayment Notice pursuant to this Confirmation and the terms of such Repayment Notice shall apply, mutatis mutandis, to this Confirmation]18. The receipt by Dealer from Counterparty of any Repayment Notice shall constitute an Additional Termination Event as provided in this Section 9(i)(iii). Upon receipt of any such Repayment Notice, Dealer shall designate an Exchange Business Day following receipt of such Repayment Notice (which Exchange Business Day shall be on or as promptly as reasonably practicable after the later of (x) the related repurchase settlement date for the relevant Repayment Event and (y) the date on which Counterparty provides the Repayment Notice described in this Section 9(i)(iii)) as an Early Termination Date with respect to the portion of the Transaction corresponding to a number of Options (the “Repayment Options”) equal to the lesser of (A) [(x)] the aggregate principal amount of such Convertible Notes specified in such Repayment Notice, divided by USD 1,000, minus (y) the number of “Repayment Options” (as defined in the Base Call Option Confirmation), if any, that relate to such Convertible Notes]19, and (B) the Number of Options as of the date Dealer designates such Early Termination Date and, as of such date, the Number of Options shall be reduced by the number of Repayment Options. Any payment hereunder with respect to such termination (the “Repayment Unwind Payment”) shall be calculated pursuant to Section 6 of the Agreement as if (1) an Early Termination Date had been designated in respect of a Transaction having terms identical to the Transaction and a Number of Options equal to the number of Repayment Options, (2) Counterparty were the sole Affected Party with respect to such Additional Termination Event, (3) no adjustments to the Conversion Rate have occurred pursuant to an Excluded Provision, (4) the corresponding Convertible Notes remain outstanding, (5) the relevant Repayment Event and any conversions, adjustments, agreements, payments, deliveries or acquisitions by or on behalf of Counterparty leading thereto had not occurred and (6) the terminated portion of the Transaction were the sole Affected Transaction.
iv.“Repayment Event” means that (i) any Convertible Notes are repurchased or redeemed (whether in connection with or as a result of a fundamental change, howsoever defined, or in connection with a redemption of the Convertible Notes pursuant to the Indenture or for any other reason) by Counterparty or any of its subsidiaries, (ii) any Convertible Notes are delivered to Counterparty in exchange for delivery of any property or assets of Counterparty or any of its subsidiaries (howsoever described), (iii) any principal of any of the Convertible Notes is repaid prior to the final maturity date of the Convertible Notes (other than as a result of an acceleration of the Convertible Notes that results in an Additional Termination Event pursuant to Section 9(i)(ii)) or (iv) any Convertible Notes are exchanged by or for the benefit of the “Holders” (as defined in the Indenture) thereof for any other securities of Counterparty or any of its subsidiaries (or any other property, or any combination thereof) pursuant to any exchange offer or similar transaction Notwithstanding anything to the contrary in the Equity Definitions, if, as a result of an Extraordinary Event, the Transaction would be cancelled or terminated (whether in whole or in part) pursuant to Article 12 of the Equity Definitions, an Additional Termination Event (with the Transaction (or portion thereof) being the Affected Transaction, Counterparty being the sole Affected Party and Dealer being the party entitled to designate an Early Termination Date pursuant to Section 6(h) of the Agreement) shall be deemed to occur, and, in lieu of Sections 12.7, 12.8 and 12.9 of the Equity Definitions, Section 6 of the Agreement shall apply to such Affected Transactions.
j.Amendments to Equity Definitions.  
i.Solely in respect of adjustments to the Cap Price pursuant to Section 9(x), Section 11.2(e)(vii) of the Equity Definitions is hereby amended by deleting the words 

18 Include for Additional Call Option Confirmation.
19 Include for Additional Call Option Confirmation.

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“that may have a diluting or concentrative effect on the theoretical value of the relevant Shares” and replacing them with the words “that is the result of a corporate event involving the Issuer or its securities that has a material economic effect on the Shares or options on the Shares; provided that such event is not based on (a) an observable market, other than the market for the Issuer’s own stock or (b) an observable index, other than an index calculated and measured solely by reference to Issuer’s own operations.”
ii.Section 12.6(a)(ii) of the Equity Definitions is hereby amended by (1) inserting “(1)” immediately following the word “means” in the first line thereof and (2) inserting immediately prior to the semi-colon at the end of subsection (B) thereof the following words: “or (2) the occurrence of any of the events specified in Section 5(a)(vii)(1) through (9) of the ISDA Master Agreement with respect to that Issuer”.
iii.Section 12.9(b)(i) of the Equity Definitions is hereby amended by (1) replacing “either party may elect” with “Dealer may elect” and (2) replacing “notice to the other party” with “notice to Counterparty” in the first sentence of such section.
k.No Setoff.  Neither party shall have the right to set off any obligation that it may have to the other party under the Transaction against any obligation such other party may have to it, whether arising under the Agreement, this Confirmation or any other agreement between the parties hereto, by operation of law or otherwise.
l.Alternative Calculations and Payment on Early Termination and on Certain Extraordinary Events.  If (a) an Early Termination Date (whether as a result of an Event of Default or a Termination Event) occurs or is designated with respect to the Transaction or (b) the Transaction is cancelled or terminated upon the occurrence of an Extraordinary Event (except as a result of (i) a Nationalization, Insolvency or Merger Event in which the consideration to be paid to all holders of Shares consists solely of cash, (ii) an Announcement Event, Merger Event or Tender Offer that is within Counterparty’s control, or (iii) an Event of Default in which Counterparty is the Defaulting Party or a Termination Event in which Counterparty is the Affected Party other than an Event of Default of the type described in Section 5(a)(iii), (v), (vi), (vii) or (viii) of the Agreement or a Termination Event of the type described in Section 5(b) of the Agreement, in each case that resulted from an event or events outside Counterparty’s control), and if Dealer would owe any amount to Counterparty pursuant to Section 6(d)(ii) of the Agreement or any Cancellation Amount pursuant to Article 12 of the Equity Definitions (any such amount, a “Payment Obligation”), then Dealer shall satisfy the Payment Obligation by the Share Termination Alternative (as defined below), unless (a) Counterparty gives irrevocable telephonic notice to Dealer, confirmed in writing within one Scheduled Trading Day, no later than 12:00 p.m. (New York City time) on the date of the Announcement Event, Merger Date, Tender Offer Date, Announcement Date (in the case of a Nationalization, Insolvency or Delisting), Early Termination Date or date of cancellation, as applicable, of its election that the Share Termination Alternative shall not apply, (b) Counterparty remakes the representation set forth in Section 8(a)(vi) as of the date of such election and (c) Dealer agrees, in its commercially reasonable discretion, to such election, in which case the provisions of Section 12.7 or Section 12.9 of the Equity Definitions, or the provisions of Section 6(d)(ii) of the Agreement, as the case may be, shall apply.  
Share Termination Alternative:     If applicable, Dealer shall deliver to Counterparty the Share Termination Delivery Property on, or within a commercially reasonable period of time after, the date when the relevant Payment Obligation would otherwise be due pursuant to Section 12.7 or 12.9 of the Equity Definitions or Section 6(d)(ii) and 6(e) of the Agreement, as applicable, in satisfaction of such Payment Obligation in the manner reasonably requested by Counterparty free of payment.

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Share Termination Delivery Property:     A number of Share Termination Delivery Units, as calculated by the Calculation Agent, equal to the Payment Obligation divided by the Share Termination Unit Price.  The Calculation Agent shall adjust the Share Termination Delivery Property by replacing any fractional portion of a security therein with an amount of cash equal to the value of such fractional security based on the values used to calculate the Share Termination Unit Price.  
Share Termination Unit Price:     The value of property contained in one Share Termination Delivery Unit, as determined by the Calculation Agent in its discretion by commercially reasonable means and notified by the Calculation Agent to Dealer at the time of notification of the Payment Obligation.
Share Termination Delivery Unit:     One Share or, if the Shares have changed into cash or any other property or the right to receive cash or any other property as the result of a Nationalization, Insolvency or Merger Event (any such cash or other property, the “Exchange Property”), a unit consisting of the type and amount of such Exchange Property received by a holder of one Share (without consideration of any requirement to pay cash or other consideration in lieu of fractional amounts of any securities) in such Nationalization, Insolvency or Merger Event, as determined by the Calculation Agent.
Failure to Deliver:        Applicable
Other applicable provisions:     If Share Termination Alternative is applicable, the provisions of Sections 9.8, 9.9 and 9.11 (as modified above) of the Equity Definitions and the provisions set forth opposite the caption “Representation and Agreement” in Section 2 will be applicable, except that all references in such provisions to “Physically-settled” shall be read as references to “Share Termination Settled” and all references to “Shares” shall be read as references to “Share Termination Delivery Units”.  “Share Termination Settled” in relation to the Transaction means that Share Termination Alternative is applicable to the Transaction.
m.Waiver of Jury Trial.  Each party waives, to the fullest extent permitted by applicable law, any right it may have to a trial by jury in respect of any suit, action or proceeding relating to the Transaction.  Each party (i) certifies that no representative, agent or attorney of either party has represented, expressly or otherwise, that such other party would not, in the event of such a suit, action or proceeding, seek to enforce the foregoing waiver and (ii) acknowledges that it and the other party have been induced to enter into the Transaction, as applicable, by, among other things, the mutual waivers and certifications provided herein.
n.Registration.  Counterparty hereby agrees that if, in the good faith reasonable judgment of Dealer, based on advice of counsel, the Shares  (the “Hedge Shares”) acquired by Dealer for the purpose of effecting a commercially reasonable hedge of its obligations pursuant to the Transaction cannot be sold in the U.S. public market by Dealer without registration under the Securities Act, 

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Counterparty shall, at its election, either (i) in order to allow Dealer to sell the Hedge Shares in a registered offering, make available to Dealer an effective registration statement under the Securities Act to cover the resale of such Hedge Shares and enter into a customary agreement, in form and substance commercially reasonably satisfactory to Dealer, substantially in the form of an underwriting agreement for a registered secondary offering for companies of a similar size in a similar industry; provided, however, that if Dealer, in its commercially reasonable discretion, is not satisfied with access to due diligence materials, the results of its due diligence investigation, or the procedures and documentation for the registered offering referred to above, then clause (ii) or clause (iii) of this paragraph shall apply at the election of Counterparty, (ii) in order to allow Dealer to sell the Hedge Shares in a private placement, enter into a private placement agreement substantially similar to private placement purchase agreements customary for private placements of equity securities for companies of a similar size in a similar industry, in form and substance commercially reasonably satisfactory to Dealer (in which case, the Calculation Agent shall make any commercially reasonable adjustments to the terms of the Transaction that are necessary, in its reasonable judgment, to compensate Dealer for any discount from the public market price of the Shares incurred on the sale of Hedge Shares in a private placement for companies of a similar size in a similar industry) and with the Counterparty using reasonable best efforts to include customary representations, blue sky and other governmental filing and/or registration, indemnities to Dealer, due diligence rights (for Dealer or any designated buyer of Hedge Shares from Dealer), opinions, certificates and such other documentation as is customary for private placement agreements of equity securities of companies of a similar size in a similar industry, or (iii) purchase the Hedge Shares from Dealer at the then-current market price on such Exchange Business Days, and in the amounts and at such time(s), requested by Dealer, provided that no “comfort letter” or accountants’ consent shall be required to be delivered in connection with any private placements.
o.Tax Disclosure.  Effective from the date of commencement of discussions concerning the Transaction, Counterparty and each of its employees, representatives, or other agents may disclose to any and all persons, without limitation of any kind, the tax treatment and tax structure of the Transaction and all materials of any kind (including opinions or other tax analyses) that are provided to Counterparty relating to such tax treatment and tax structure.
p.Right to Extend.  Dealer may postpone or add, in a commercially reasonable manner, in whole or in part, any Valid Day or Valid Days during the Settlement Averaging Period or any other date of valuation, payment or delivery by Dealer, with respect to some or all of the Options hereunder, if Dealer reasonably determines, in the case of clause (i), in its commercially reasonable judgment or, in the case of clause (ii), based on advice of counsel, that such action is reasonably necessary or appropriate (i) to preserve Dealer’s commercially reasonable hedging or hedge unwind activity hereunder in light of existing liquidity conditions in the cash market or stock loan market (but only if there is a material decrease in liquidity relative to Dealer’s expectations on the Trade Date) or (ii) to enable Dealer to effect purchases of Shares in connection with its commercially reasonable hedging, hedge unwind or settlement activity hereunder in a manner that would, if Dealer were Counterparty or an affiliated purchaser of Counterparty, be in compliance with applicable legal, regulatory or self-regulatory requirements of organizations with jurisdiction over Dealer or its affiliates, or with related policies and procedures would generally be applicable to counterparties similar to Counterparty and/or transactions similar to the Transaction; provided that no such Valid Day or other date of valuation, payment or delivery may be postponed or added more than 20 Valid Days after the original Valid Day or other date of valuation, payment or delivery, as the case may be; provided further that any such postponement or addition may only be in whole, and not in part, in the case of any event described in clause (ii) relating solely to a self-regulatory requirement applicable to Dealer.
q.Status of Claims in Bankruptcy.  Dealer acknowledges and agrees that this Confirmation is not intended to convey to Dealer rights against Counterparty with respect to the Transaction that are senior to the claims of common stockholders of Counterparty in any United States bankruptcy proceedings of Counterparty; provided that nothing herein shall limit or shall be deemed to limit Dealer’s right to pursue remedies in the event of a breach by Counterparty of its obligations and 

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agreements with respect to the Transaction; provided further that nothing herein shall limit or shall be deemed to limit Dealer’s rights in respect of any transactions other than the Transaction.
r.Securities Contract; Swap Agreement.  The parties hereto intend for (i) the Transaction to be a “securities contract” and a “swap agreement” as defined in the Bankruptcy Code (Title 11 of the United States Code) (the “Bankruptcy Code”), and the parties hereto to be entitled to the protections afforded by, among other Sections, Sections 362(b)(6), 362(b)(17), 546(e), 546(g), 555 and 560 of the Bankruptcy Code, (ii) a party’s right to liquidate the Transaction and to exercise any other remedies upon the occurrence of any Event of Default under the Agreement with respect to the other party to constitute a “contractual right” as described in the Bankruptcy Code, and (iii) each payment and delivery of cash, securities or other property hereunder to constitute a “margin payment” or “settlement payment” and a “transfer” as defined in the Bankruptcy Code.
s.Notice of Certain Other Events. Counterparty covenants and agrees that:
i.promptly following the public announcement of the results of any election by the holders of Shares with respect to the consideration due upon consummation of any Merger Event, Counterparty shall give Dealer written notice of the types and amounts of consideration actually received by holders of Shares upon consummation of such Merger Event (the date of such notification, the “Consideration Notification Date”); provided that in no event shall the Consideration Notification Date be later than the date on which such Merger Event is consummated; and 
ii.(A) Counterparty shall give Dealer commercially reasonable advance (but in no event less than one Exchange Business Day) written notice of the section or sections of the Indenture and, if applicable, the formula therein, pursuant to which any adjustment will be made to the Convertible Notes in connection with any Potential Adjustment Event, Merger Event or Tender Offer and (B) promptly following any such adjustment, Counterparty shall give Dealer written notice of the details of such adjustment.
t.Wall Street Transparency and Accountability Act.  In connection with Section 739 of the Wall Street Transparency and Accountability Act of 2010 (“WSTAA”), the parties hereby agree that neither the enactment of WSTAA or any regulation under the WSTAA, nor any requirement under WSTAA or an amendment made by WSTAA, shall limit or otherwise impair either party’s otherwise applicable rights to terminate, renegotiate, modify, amend or supplement this Confirmation or the Agreement, as applicable, arising from a termination event, force majeure, illegality, increased costs, regulatory change or similar event under this Confirmation, the Equity Definitions incorporated herein, or the Agreement (including, but not limited to, rights arising from Change in Law, Hedging Disruption, an Excess Ownership Position, or Illegality (as defined in the Agreement)).
u.Agreements and Acknowledgements Regarding Hedging. Counterparty understands, acknowledges and agrees that: (A) at any time on and prior to the Expiration Date, Dealer and its affiliates may buy or sell Shares or other securities or buy or sell options or futures contracts or enter into swaps or other derivative securities in order to adjust its hedge position with respect to the Transaction; (B) Dealer and its affiliates also may be active in the market for Shares other than in connection with hedging activities in relation to the Transaction; (C) Dealer shall make its own determination as to whether, when or in what manner any hedging or market activities in securities of Issuer shall be conducted and shall do so in a manner that it deems appropriate to hedge its price and market risk with respect to the Relevant Prices; and (D) any market activities of Dealer and its affiliates with respect to Shares may affect the market price and volatility of Shares, as well as the Relevant Prices, each in a manner that may be adverse to Counterparty.
v.Early Unwind. In the event the sale of the [“Firm Securities”]20[“Additional Securities”]21 (as defined in the Purchase Agreement) is not consummated with the Initial Purchasers for any reason, 

20 Insert for Base Call Option Confirmation.
21 Insert for Additional Call Option Confirmation.

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or Counterparty fails to deliver to Dealer opinions of counsel as required pursuant to Section 9(a), in each case by 5:00 p.m. (New York City time) on the Premium Payment Date, or such later date as agreed upon by the parties (the Premium Payment Date or such later date the “Early Unwind Date”), the Transaction shall automatically terminate (the “Early Unwind”), on the Early Unwind Date and (i) the Transaction and all of the respective rights and obligations of Dealer and Counterparty under the Transaction shall be cancelled and terminated and any Premium shall be returned to Counterparty less reasonable costs of Dealer and (ii) each party shall be released and discharged by the other party from and agrees not to make any claim against the other party with respect to any obligations or liabilities of the other party arising out of and to be performed in connection with the Transaction either prior to or after the Early Unwind Date.  Each of Dealer and Counterparty represents and acknowledges to the other that, upon an Early Unwind, all obligations with respect to the Transaction shall be deemed fully and finally discharged.
w.Payment by Counterparty. In the event that, following payment of the Premium, (i) an Early Termination Date occurs or is designated with respect to the Transaction as a result of a Termination Event or an Event of Default (other than an Event of Default arising under Section 5(a)(ii) or 5(a)(iv) of the Agreement) and, as a result, Counterparty owes to Dealer an amount calculated under Section 6(e) of the Agreement, or (ii) Counterparty owes to Dealer, pursuant to Section 12.7 or Section 12.9 of the Equity Definitions, an amount calculated under Section 12.8 of the Equity Definitions, such amount shall be deemed to be zero.
x.Other Adjustments Pursuant to the Equity Definitions.  
i.Notwithstanding anything to the contrary in this Confirmation, solely for the purpose of adjusting the Cap Price, the terms “Potential Adjustment Event,” “Merger Event,” and “Tender Offer” shall each have the meanings assigned to such term in the Equity Definitions (subject to Section 9(j)(i) and Section 9(x)(iii)), and upon the occurrence of a Merger Date, the occurrence of a Tender Offer Date, or declaration by Counterparty of the terms of any Potential Adjustment Event, respectively, as such terms are defined in the Equity Definitions (subject to Section 9(j)(i) and Section 9(x)(iii)), the Calculation Agent shall determine in a commercially reasonable manner whether such occurrence or declaration, as applicable, has had a material economic effect on the Transactions and, if so shall adjust the Cap Price to preserve the fair value of the Options; provided that in no event shall the Cap Price be less than the Strike Price; provided further that any adjustment to the Cap Price made pursuant to this Section 9(x) shall be made without duplication of any other adjustment hereunder (including, for the avoidance of doubt, adjustment made pursuant to the provisions opposite the captions “Method of Adjustment,” “Consequences of Merger Events / Tender Offers” and “Consequences of Announcement Events” in Section 3 above) and that such adjustments may be made to account solely for changes in volatility, expected dividends, interest rates, stock loan rate or liquidity relative to the relevant Shares and the Transaction. 
ii.Notwithstanding anything to the contrary in this Confirmation, the entry into (x) open market Share repurchases at prevailing market price and (y) Share repurchases through a dealer pursuant to accelerated share repurchases, forward contracts or similar transactions (including, without limitation, any discount to average VWAP prices) that are entered into at prevailing market prices and in accordance with customary market terms for transactions of such type to repurchase the Shares shall only constitute a Potential Adjustment Event to the extent that, after giving effect to such transaction, the aggregate number of Shares repurchased during the term of the Transaction pursuant to all such transactions described in the immediately preceding proviso would exceed 15% of the number of Shares outstanding as of the Trade Date, as determined by Calculation Agent.
iii.Section 12.1(d) of the Equity Definitions will be amended by replacing the phase “greater than 10% and less than 100% of the outstanding voting shares of the Issuer” in the third and fourth line thereof with “greater than 20% and less than 100% of the outstanding 

29
    
    
    

Shares”. In addition, Section 12.1(e) of the Equity Definitions shall be amended by replacing “voting shares” in the fifth line thereof with “Shares”. 
y.Reserved.
z.Tax Matters.  
i.Payee Representations:
For the purpose of Section 3(f) of the Agreement, Counterparty makes the following representation to Dealer:
Counterparty is a corporation and a U.S. person (as that term is defined in Section 7701(a)(30) of the Revenue Code and used in Section 1.1441-4(a)(3)(ii) of the United States Treasury Regulations) for U.S. federal income tax purposes.
For the purpose of Section 3(f) of the Agreement, Dealer makes the following representations to Counterparty:
[Dealer is a U.S. person or a disregarded entity owned solely by a U.S. person (as that term is used in Section 1.1441-4(a)(3)(ii) of the United States Treasury Regulations) for U.S. federal income tax purposes.]22
ii.Tax Documentation. For the purpose of Sections 4(a)(i) and (ii) of the Agreement, Counterparty agrees to deliver to Dealer one duly executed and completed U.S. Internal Revenue Service Form W-9 (or successor thereto) and Dealer agrees to deliver to Counterparty, as applicable, a U.S. Internal Revenue Service Form W-8 or Form W-9 (or successor thereto). Such forms or documents shall be delivered (i) on or before the date of execution of this Confirmation, (ii) upon Counterparty or Dealer, as applicable, learning that any such tax form previously provided by it has become obsolete or incorrect and (iii) upon reasonable request of the other party.
iii.Withholding Tax imposed on payments to non-US counterparties under the United States Foreign Account Tax Compliance Act.  “Indemnifiable Tax”, as defined in Section 14 of the Agreement, shall not include any U.S. federal withholding tax imposed or collected pursuant to Sections 1471 through 1474 of the Revenue Code, any current or future regulations or official interpretations thereof, any agreement entered into pursuant to Section 1471(b) of the Revenue Code, or any fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement entered into in connection with the implementation of such Sections of the Code (a “FATCA Withholding Tax”). For the avoidance of doubt, a FATCA Withholding Tax is a Tax the deduction or withholding of which is required by applicable law for the purposes of Section 2(d) of the Agreement.
aa.HIRE Act.  “Indemnifiable Tax”, as defined in Section 14 of the Agreement, shall not include any tax imposed on payments treated as dividends from sources within the United States under Section 871(m) of the Revenue Code or any regulations issued thereunder. For the avoidance of doubt, any such tax imposed under Section 871(m) of the Revenue Code is a Tax the deduction or withholding of which is required by applicable law for the purposes of Section 2(d) of the Agreement.
ab.[QFC Stay Rules. The parties agree that (i) to the extent that prior to the date hereof both parties have adhered to the 2018 ISDA U.S. Resolution Stay Protocol (the “Protocol”), the terms of the Protocol are incorporated into and form a part of this Confirmation, and for such purposes this Confirmation shall be deemed a Protocol Covered Agreement and each party shall be deemed to have the same status as Regulated Entity and/or Adhering Party as applicable to it under the Protocol; (ii) to the extent that prior to the date hereof the parties have executed a separate 

22 Subject to update for foreign Dealers.

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agreement the effect of which is to amend the qualified financial contracts between them to conform with the requirements of the QFC Stay Rules (the “Bilateral Agreement”), the terms of the Bilateral Agreement are incorporated into and form a part of this Confirmation and each party shall be deemed to have the status of “Covered Entity” or “Counterparty Entity” (or other similar term) as applicable to it under the Bilateral Agreement; or (iii) if clause (i) and clause (ii) do not apply, the terms of Section 1 and Section 2 and the related defined terms (together, the “Bilateral Terms”) of the form of bilateral template entitled “Full-Length Omnibus (for use between U.S. G-SIBs and Corporate Groups)” published by ISDA on November 2, 2018 (currently available on the 2018 ISDA U.S. Resolution Stay Protocol page at www.isda.org and a copy of which is available upon request), the effect of which is to amend the qualified financial contracts between the parties thereto to conform with the requirements of the QFC Stay Rules, are hereby incorporated into and form a part of this Confirmation, and for such purposes this Confirmation shall be deemed a “Covered Agreement,” Dealer shall be deemed a “Covered Entity” and Counterparty shall be deemed a “Counterparty Entity.” In the event that, after the date of this Confirmation, both parties hereto become adhering parties to the Protocol, the terms of the Protocol will replace the terms of this paragraph. In the event of any inconsistencies between this Confirmation and the terms of the Protocol, the Bilateral Agreement or the Bilateral Terms (each, the “QFC Stay Terms”), as applicable, the QFC Stay Terms will govern. Terms used in this paragraph without definition shall have the meanings assigned to them under the QFC Stay Rules. For purposes of this paragraph, references to “this Confirmation” include any related credit enhancements entered into between the parties or provided by one to the other. “QFC Stay Rules” means the regulations codified at 12 C.F.R. 252.2, 252.81–8, 12 C.F.R. 382.1-7 and 12 C.F.R. 47.1-8, which, subject to limited exceptions, require an express recognition of the stay-and-transfer powers of the FDIC under the Federal Deposit Insurance Act and the Orderly Liquidation Authority under Title II of the Dodd Frank Wall Street Reform and Consumer Protection Act and the override of default rights related directly or indirectly to the entry of an affiliate into certain insolvency proceedings and any restrictions on the transfer of any covered affiliate credit enhancements.]23
ac.CARES Act.  Counterparty acknowledges that the Transaction may constitute a purchase of its equity securities. Counterparty further acknowledges that, pursuant to the provisions of the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”), the Counterparty would be required to agree to certain time-bound restrictions on its ability to purchase its equity securities if it receives loans, loan guarantees or direct loans (as that term is defined in the CARES Act) under section 4003(b) of the CARES Act. Counterparty further acknowledges that it may be required to agree to certain time-bound restrictions on its ability to purchase its equity securities if it receives loans, loan guarantees or direct loans (as that term is defined in the CARES Act) under programs or facilities established by the Board of Governors of the Federal Reserve System for the purpose of providing liquidity to the financial system (together with loans, loan guarantees or direct loans under section 4003(b) of the CARES Act, “Governmental Financial Assistance”). Accordingly, Counterparty represents and warrants that it has not applied for, and has no present intention to apply, prior to the termination or settlement of this Transaction, has no intention to apply for Governmental Financial Assistance under any governmental program or facility that (a) is established under the CARES Act or the Federal Reserve Act, as amended, and (b) requires, as a condition of such Governmental Financial Assistance, that the Counterparty agree, attest, certify or warrant that it has not, as of the date specified in such condition, repurchased, or will not repurchase, any equity security of Counterparty.
ad.[Conduct Rules. Each party acknowledges and agrees to be bound by the Conduct Rules of the Financial Industry Regulatory Authority, Inc. applicable to transactions in options, and further agrees not to violate the position and exercise limits set forth therein.
ae.Risk Disclosure Statement. Counterparty represents and warrants that it has received, read and understands the OTC Options Risk Disclosure Statement provided by Dealer and a copy of the 

23 To be updated for each Dealer, if applicable, based on relevant Dealer boilerplate.

31
    
    
    

most recent disclosure pamphlet prepared by The Options Clearing Corporation entitled “Characteristics and Risks of Standardized Options”.]24

24 Include as applicable.

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Please confirm that the foregoing correctly sets forth the terms of our agreement by executing this Confirmation and returning it to Dealer.
Very truly yours,
						
	[Dealer]

	By:	
	Authorized Signatory
	Name:
		

Accepted and confirmed
as of the Trade Date:
						
	[_______]
	By:	
	Authorized Signatory
	Name:

#94285177v8    
#94345372v1    

[Annex A

Form of Guarantee]25

25 To be included if applicable.

#94285177v8    
#94345372v1Exhibit
10.26

 

SUBLEASE

Fort
Lauderdale, Florida

 

This
Sublease (this “Sublease”) is entered into as of September 2,
2020 (the “Effective Date”), by and between JetSmarter Inc., a Delaware corporation (“Sublandlord”),
and LMP Automotive Holdings, Inc., a Delaware corporation (“Subtenant”). Sublandlord and Subtenant may
each be referred to herein as a “Party”, and collectively, the “Parties”.

 

RECITALS

 

This Sublease is made with reference
to the following recitals of essential facts:

 

A. 
Sublandlord, as tenant, and FTL 500 CORP., a Florida Corporation (“Master Landlord”), as landlord,
are parties to that certain Office Lease dated as of October 23, 2014 (as amended, the “Master Lease”),
as amended by First Amendment to Lease Agreement dated September 9, 2015 adding Suite 1900 and amended by those Second, Third,
Fourth, Fifth and Sixth Amendments (pertaining to matters other than Suite 1900) of the building commonly known as Broward Financial
Centre located at 500 East Broward Blvd., Fort Lauderdale, Florida 33131 (the “Building”), containing
approximately 8,789 combined rentable square feet, as more particularly described in the Master Lease (the “Master
Premises”). Capitalized terms used, but not defined, herein have the meanings set forth in the Master Lease, a copy
of which has been previously provided to Subtenant.

 

B. 
Subject to the terms and conditions of this Sublease, Sublandlord desires to sublease to Subtenant, and Subtenant desires
to sublease from Sublandlord, that certain portion of the Master Premises comprising of Suite 1900 of approximately 8,789 rentable
square feet (the “Subleased Premises”).

 

NOW, THEREFORE,
for valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows:

 

AGREEMENT

 

1. 
Recitals. The foregoing recitals are hereby incorporated into this
Sublease by this reference as if fully set forth herein.

 

2. 
Subleased Premises. Sublandlord hereby subleases to Subtenant, and
Subtenant hereby subleases from Sublandlord, the Subleased Premises. Additionally, Subtenant is hereby granted the nonexclusive
right to use the common areas of the Building to the extent of Sublandlord’s rights to use of the same pursuant to the Master
Lease, in common with other tenants in the Building (collectively, the “Common Areas”), each throughout
the Sublease Term (as defined in Section 3). Subtenant covenants that its use of the Subleased Premises and Common Areas
shall at all times comply with any and all terms, conditions and provisions of the Master Lease and with any rules and regulations
established by Master Landlord or Sublandlord from time to time of which Subtenant is provided notice.

 

3. 
Sublease Term. The term of this Sublease (the “Sublease
Term”) shall commence upon the later to occur of: (a) five (5) days following Sublandlord’s receipt of the
Landlord Consent (as defined in Section 12), (b) September 1, 2020 and (c) delivery of the Subleased Premises broom clean,
vacant and otherwise in the condition required hereunder (the “Commencement Date”). Unless earlier terminated
under any provision of the Master Lease or this Sublease, the Sublease Term shall continue until June 30, 2023 (the “Expiration
Date”). Sublandlord shall deliver possession of the Subleased Premises to Subtenant upon the occurrence of all of
the following: (a) Sublandlord’s receipt of the Landlord Consent, (b) Sublandlord’s receipt of the first full month’s
Base Rent (as defined in Section 4) and the Security Deposit (as defined in Section 8), and (c) Sublandlord’s
receipt of evidence that Subtenant carries the insurance required by the Master Lease and this Sublease. Notwithstanding anything
to the contrary contained herein or in the Overlease, Subtenant shall have no right or option to extend the Term beyond June 30,
2023.

 

    1

    

    

 

4. 
Base Rent.

 

4.1. 
Beginning on the Commencement Date, Subtenant shall pay base rent to Sublandlord at the annual rate of One Hundred Ninety
Three Thousand and Three hundred and Fifty Eight Dollars ($193,358) in equal monthly installments of Sixteen Thousand One Hundred
Thirteen Dollars and Seventeen cents ($16,113.17) (“Base Rent”). Except as provided in this Sublease,
it is the intention of this Sublease that Sublandlord shall receive the Base Rent and Additional Rent herein reserved and all sums
which shall or may become payable hereunder by Subtenant under any contingency, free from all taxes, charges, expenses, damages
and deductions of every kind and nature whatsoever which the Sublandlord has the obligation to pay to the Master Landlord under
the Master Lease, and that Subtenant shall and will and hereby expressly agrees to pay all such other sums as Additional Rent in
accordance with the terms hereof.

 

4.2 Subtenant
shall be relieved of the obligation to pay Base Rent for the first three months after the commencement date of the Term (i.e.,
estimated to be September 11, 2020 through November 30, 2020) (“Rent Concession”). All other provisions of this Sublease
shall be in full force and effect.

 

5. 
Additional rent. All sums required hereunder to be paid by Subtenant
whatsoever not included within Base Rent and payable by Subtenant under the terms of this Sublease shall constitute additional
rent (“Additional Rent”) even if not specifically designated as such hereunder and shall be payable
without set-off or deduction whether or not so specified elsewhere in this Sublease, and in the event of non-payment thereof by
Subtenant, Sublandlord shall have all of the same rights and remedies with respect thereto as in the case of non-payment of Base
Rent. Base Rent and Additional Rent are sometimes hereinafter collectively referred to as “Rent”

 

In addition to paying
Base Rent, beginning on the Commencement Date, Subtenant shall pay to Sublandlord, as additional rent, 100% of the cost of: (a)
the applicable sales tax on the Base Rent; (b) Subtenant’s share of the Allocated Share of Operating Costs in accordance
with the terms and provisions of Article 5 of the Master Lease (c) late fees or penalties assessed against Sublandlord or Master
Landlord as a result of Subtenant’s acts or omissions, and (d) charges incurred as a result of excess or additional services
specifically requested by Subtenant for the Subleased Premises, such as extra air conditioning hours.

 

Notwithstanding
anything herein contained to the contrary, to the extent that any additional rent, sums, charges or other costs or expenses
are due under the Master Lease by reason of a default of Sublandlord thereunder which is not directly derivative of a default
of Subtenant hereunder or are otherwise due thereunder with respect to the seeking of a consent or approval by Sublandlord
which is not directly derivative of a request hereunder by Subtenant or relate to a matter which first arose or first accrued
prior to the Commencement Date, then, in any such event, the same shall not constitute additional rent hereunder and shall
not be payable by Subtenant hereunder.

 

    2

    

    

 

During the
Sublease Term, Subtenant shall have non-exclusive use on a first come, first served basis of twenty six (26) unreserved and (2)
reserved parking spaces (“Parking Rate”) and subject to Section 31 of the Master Lease. The Parking Rate shall increase
on annual basis pursuant to Section 31 of the Master Lease. The Subtenant’s right to use the parking space is expressly conditioned
upon Subtenant’s compliance with all reasonable rules and regulations respecting parking established from time to time by
Sublandlord or Master Landlord of which Subtenant is provided notice. Subtenant shall be required to pay for all such allocated
parking spaces whether Subtenant uses such spaces or not.

 

6. 
Payment of Rent. Base Rent, Additional Rent, and any other amounts
payable by Subtenant in connection with this Sublease are referred to in this Sublease as “Rent”. Rent
shall be due and payable to Sublandlord without prior written notice or demand, in advance, without deduction or offset, in lawful
money of the United States of America, on or before the first day of each calendar month during the Sublease Term. Rent shall
be payable at Sublandlord’s address set forth herein, or at such other place as Sublandlord may designate in writing to
Subtenant. Rent for any period during this Sublease Term that is less than one (1) month shall be prorated based on a thirty (30)
day month. Subtenant shall pay Rent for the first full month of the Sublease term upon Subtenant’s execution of this Sublease.

 

7. 
Delinquent Payments.

 

7.1. 
Late Fee. Subtenant acknowledges that Subtenant’s late payment of Rent will cause Sublandlord to incur costs
not contemplated by this Sublease, the exact amount of such costs being difficult and impractical to fix. Such other costs include,
without limitation, processing, administrative and accounting charges and late charges that may be imposed on Sublandlord. Accordingly,
if Sublandlord does not receive a monthly installment of Rent within ten (10) days of its due date, Subtenant shall pay to Sublandlord
an additional sum of four percent (4.0%) of the delinquent amount as a late charge, but in no event more than the maximum late
charge allowed by law. The Parties agree that this late charge represents a fair and reasonable estimate of the costs that Sublandlord
will incur due to Subtenant’s late payment of Rent. Sublandlord’s acceptance of a late charge will not constitute a
waiver of Subtenant’s default with respect to the delinquent amount or prevent Sublandlord from exercising any of the other
rights and remedies available to Sublandlord under this Sublease or under applicable law.

 

7.2.  Interest.
In addition to the late charges referred to above, if Sublandlord does not receive a monthly installment of Rent within seven
(7) days of its due date, the delinquent amount will bear interest from the date due until paid to Sublandlord by Subtenant
at the rate of twelve percent (12%) per annum or the maximum rate that Sublandlord may charge to Subtenant under applicable
law, whichever is less. Sublandlord’s acceptance of interest payments will not constitute a waiver of Subtenant’s
default with respect to the delinquent amount or prevent Sublandlord from exercising any of the other rights and remedies
available to Sublandlord under this Sublease or under applicable law.

 

    3

    

    

 

8. 
Security Deposit. Subtenant shall deliver to the Sublandlord prior
to the Commencement Date a corporate check in the amount of Fifty Eight Thousand Three Hundred and Twenty Nine Dollars ($58,329)
as security (“Security Deposit”). If Subtenant defaults in respect of any of the terms, covenants, conditions,
provisions and agreements of this Sublease, including, but not limited to, the payment of Base Rent or Additional Rent, Sublandlord
shall have the right, and regardless of the exercise of any other remedy Sublandlord may have by reason of a default by Subtenant,
to draw upon the Security Deposit to cure any default of Subtenant or for any purpose authorized by this Paragraph 8, and
if Sublandlord does so, Subtenant shall, upon demand, additionally fund the Security Deposit with the amount so drawn so that
Sublandlord shall have the full Security Deposit on hand at all times during the Term of this Sublease and for a period of thirty
(30) days thereafter. If Subtenant shall comply with all of the terms, covenants, conditions, provisions and agreements of this
Sublease, the Security Deposit or the portion thereof then remaining unapplied, shall be returned by Sublandlord to Subtenant
within thirty (30) days after the expiration of the Term and after delivery of possession of the entire Premises to Sublandlord
in accordance with the provisions hereof, or if Subtenant’s lease with Master Landlord is then in effect for the continued occupancy
of the Premises, such security shall be returned to Subtenant, provided there are no claims then pending by Sublandlord against
Subtenant or by Master Landlord against Sublandlord, which claims issue from the acts or actions of Subtenant.

 

9. 
Condition of Subleased
Premises. Subtenant (a) acknowledges that Subtenant has conducted a thorough inspection
of the Subleased Premises and (b) agrees that Subtenant will accept the Subleased Premises in their current “as is”
condition with all faults. Subtenant hereby waives all warranties, whether express or implied (including warranties of merchantability
or fitness for a particular purpose), with respect to the Subleased Premises or any furniture, fixtures and equipment located
therein, including, without limitation, the Furniture (as defined in Section 10.1). Except as expressly set forth in this
Sublease, Sublandlord makes no representation or warranty of any kind with respect to the Subleased Premises, and Subtenant shall
have full responsibility for making any desired repairs, installations, alterations or additions to the Subleased Premises. Any
installations, alterations or additions which Subtenant desires to make to the Subleased Premises shall be subject to the prior
written approval of both Master Landlord and Sublandlord and shall otherwise be constructed in accordance with all of the terms
and conditions of the Master Lease. Notwithstanding the foregoing, Sublandlord shall deliver the Subleased Premises to Subtenant
vacant of all occupants, and in broom clean condition. Notwithstanding the foregoing, Subtenant shall not be responsible for any
repairs or alterations to the Subleased Premises required by the Master Landlord that relate to conditions that exist as of the
Commencement Date, including, without limitation, any repairs or alterations that are necessary to comply with applicable laws.

 

10. 
Furniture. Subject to obtaining Master Landlord’s consent
to this Sublease and Subtenant’s compliance with all conditions of this Sublease, Sublandlord agrees to sell and Subtenant
agrees to buy furniture located in the Subleased Premises (“Personalty”) as reflected in the schedule
enclosed hereto as Exhibit B in as-is where-is condition for One Dollar. Upon the expiration of the term of this
Sublease, Subtenant shall be responsible for removing the Personalty from the Premises1. Sublandlord shall, if requested
by Subtenant, execute and deliver to Subtenant upon the expiration of the Term of this Sublease, a non-recourse bill of sale for
the Personalty in form and substance reasonably acceptable to Sublandlord and Subtenant.

 

 

 

 

 

    4

    

    

 

11. 
Use. Subtenant may use the Subleased Premises solely for the uses
permissible under Section 3 of the Master Lease, and for no other use. Subtenant’s use of the Subleased Premises must at
all times comply with the requirements of the Master Lease, and Subtenant shall not use the Subleased Premises in a manner that
is in any way inconsistent with the Master Lease or that might cause Sublandlord to be in breach of the Master Lease. Subtenant
shall not commit or allow to be committed any waste upon the Building or Subleased Premises, or any public or private nuisance
or act which is unlawful. Subtenant shall not commit any act that will increase the then existing rate of insurance on the Building
or the Master Premises. Subtenant shall promptly pay upon demand the amount of any such increase in insurance rates caused by
any act of Subtenant.

 

12. 
Master landlord consent. This Sublease is subject to and conditioned
upon Sublandlord obtaining the written consent of Master Landlord, to the extent required under the Master Lease. Sublandlord
shall promptly request and use due diligence to obtain such consent at Sublandlord’s sole cost and expense, and Subtenant
shall cooperate with Sublandlord in connection therewith, including, without limitation, (i) providing Sublandlord and Master
Landlord with such information as Sublandlord may be required to provide Master Landlord under the Master Lease in connection
with Master Landlord’s evaluation of subtenants, and (ii) executing and delivering to Master Landlord and Sublandlord a
commercially reasonable form of consent to sublease providing the rights, protections and benefits to Subtenant set forth herein.
If such consent is refused or if Master Landlord shall otherwise fail to grant such consent within sixty (60) days from the date
hereof, then either party may, by written notice to the other, given at any time prior to the granting of such consent, terminate
and cancel this Sublease. In addition, if Master Landlord exercises or seeks to exercise any “recapture” right in
response to a request for consent, Sublandlord may rescind such request for consent and terminate this Sublease. In the event
of a termination of this Sublease pursuant to the foregoing, Sublandlord shall return any pre-paid Rent and the Security Deposit
(hereinafter defined) previously paid by Subtenant to Sublandlord in connection with this Sublease. Upon the making of such refund,
neither party shall have any further obligations to the other under this Sublease, except to the extent that the provisions of
this Sublease expressly survive the termination hereof. The parties hereby acknowledge and agree that in no event shall Sublandlord
be liable to Subtenant for any damages and/or losses suffered by Subtenant as a result of Sublandlord’s inability to obtain
consent to this Sublease from Master Landlord. The foregoing notwithstanding and anything otherwise contained in this Sublease
to the contrary, the first monthly installment of advanced rent shall be by check to be held by Sublandlord and only deposited
upon commencement of the Term of this Sublease and issuance of the Master Landlord’s consent complying with the terms hereof and
the Security Deposit shall be by Subtenant’s corporate check to be held, undeposited, and deposited should the Master Landlord’s
consent be obtained.

 

13. 
Master Lease.

 

13.1.  Subtenant
Covenants. Subtenant covenants that it will occupy the Subleased Premises in accordance with all of the terms and
conditions of the Master Lease and the Amendments currently in effect attached hereto as Exhibit A and
incorporated in full by this reference as they apply to the Subleased Premises and will not suffer to be done or omit to do
any act which may result in a violation of or a default under any of the terms and conditions of the Master Lease, or render
Sublandlord liable for any damage, charge or expense thereunder. Subtenant further covenants and agrees to indemnify
Sublandlord against and hold Sublandlord harmless from any claim, demand, action, proceeding, suit, liability, loss,
judgment, expense (including reasonable attorneys’ fees) and damages of any kind or nature whatsoever
(“Claims”) arising out of, by reason of, or resulting from, Subtenant’s failure to perform or
observe any of the terms and conditions of the Master Lease applicable to the Subleased Premises or this Sublease. Subtenant
and Sublandlord each waive all rights (other than rights under the Estoppel Certificate and End of Term articles) to
consequential damages, lost profits, punitive damages, or special damages of any kind.

 

    5

    

    

 

13.2.  Sublandlord
Covenants. Sublandlord covenants that it will maintain the Master Lease during the entire Sublease Term, subject,
however, to any earlier termination of the Master Lease without the fault of Sublandlord, and to comply with or perform or
cause to be performed Sublandlord’s obligations with respect to the Subleased Premises not assumed by Subtenant
hereunder (collectively, “Sublandlord’s Remaining Obligations”). Sublandlord shall use
commercially reasonable efforts to cause the Master Landlord to perform its obligations under the Master Lease, and shall
cooperate with Subtenant in its efforts to obtain such performance. Sublandlord covenants and agrees at all times from the
date hereof through and including the Expiration Date, as follow: (i) Sublandlord shall not act nor fail to act in a manner
that may constitute a default under the Master Lease, may cause the Master Lease to be terminated as it relates to the
Subleased Premises or could subject Subtenant to liability hereunder or thereunder; (ii) Sublandlord shall fully and timely
perform all of its obligations as tenant under the Master Lease, (iii) Sublandlord shall promptly provide Subtenant with
copies of all notices given and/or received under the Master Lease, (iv) Sublandlord shall not voluntarily terminate or
cancel the Master Lease as it relates to the Subleased Premises, (v) Sublandlord shall not amend, extend or modify the Master
Lease as it relates to the Subleased Premises without the Subtenant’s prior written approval

 

13.3. 
Subordination of Sublease. This Sublease is subject and subordinate to all of the terms, covenants, provisions, conditions
and agreements contained in the Master Lease and the Amendments in all respects. If the Master Lease is terminated for any reason
whatsoever, then this Sublease shall automatically terminate as if it expired by its terms (unless assumed by Master Landlord)
and in such event neither Sublandlord nor Master Landlord shall have any liability whatsoever to Subtenant as a result of such
termination, except that Sublandlord shall be liable to Subtenant for any such termination arising as a result of Sublandlord’s
default under the Master Lease. Under no circumstance shall Sublandlord be obligated to, or be responsible or liable in any way
for, Master Landlord’s failure to, (a) perform any acts required to be completed by Master Landlord under the Master Lease,
(b) supply any item, including, but not limited to, any utility or service to the Subleased Premises required to be supplied by
Master Landlord under the Master Lease, or (c) complete any work or maintenance in the Subleased Premises, the Building or the
Master Premises required to be completed by Master Landlord under the Master Lease; and no such failure will in any way excuse
Subtenant’s performance under this Sublease or entitle Subtenant to any abatement of Rent.

 

    6

    

    

 

13.4. 
Incorporation of Terms. Except as expressly provided in this Section 13.4, Subtenant hereby assumes and agrees
to perform each and every obligation of Sublandlord under the Master Lease with respect to the Subleased Premises (and Sublandlord
shall have the right to elect to require Subtenant to perform its obligations under the Master Lease directly to Master Landlord
on prior written notice and Master Landlord’s consent to the same). The restrictions, limitations and conditions (other than
payments of sums of moneys not delineated herein) imposed upon Sublandlord by the terms of the Master Lease to the extent set forth
in and contemplated by the terms of the Sublease are hereby imposed upon Subtenant with the same force and effect as if specifically
set forth herein at length, and Subtenant hereby assumes and agrees to perform all of the obligations of Sublandlord under said
Master Lease insofar as such obligations pertain to the Premises and/or subtenants in general, except as otherwise expressly provided
herein or to the extent inconsistent with, or inapplicable to any of the provisions of this Sublease. Subtenant covenants and agrees
to indemnify, defend and hold Sublandlord harmless from and against any and all losses, damages, claims or expenses (including,
without limitation, reasonable attorneys’ fees and disbursements), in any way arising out of, or in connection with: (i)
the Premises arising during the Term of this Sublease; or (ii) any act or omission of Subtenant or its agents, servants, employees,
contractors, licensees or invitees; or (iii) any actual breach, default or failure on the part of Subtenant with respect to any
of the terms, covenants, conditions, provisions and agreements of this Sublease and/or said applicable Master Lease. Notwithstanding
the foregoing, Subtenant shall have no renewal or extension rights.

 

13.5. 
Provided such do not result from any defaults under this Sublease of Sublandlord’s covenants, representations or duties
or under the Master Lease by Sublandlord, Sublandlord shall not be liable for damages in the event: (i) the Master Lease is canceled
or terminated; or (ii) this Sublease becomes invalid as a result of any foreclosure or other proceedings; or (iii) in the event
Subtenant suffers any damage as a result of any act committed or omitted to be performed by Master Landlord without default of
Sublandlord. Sublandlord does not warrant that Subtenant will have peaceful possession of the Premises and shall not be liable
to Subtenant if Subtenant does not enjoy or have peaceful possession of the Premises during the Term. Notwithstanding anything
to the contrary in this Sublease, if Sublandlord shall at any time fail to make any payment or perform any other undisputed obligation
of Sublandlord under the Master Lease (and such default is not directly derivative of a default of the Subtenant hereunder after
any required) and Landlord issues a notice and within the applicable cure period, if any, then of default in connection therewith,
Subtenant shall have the right, but not obligation, after two (2) days written notice and without waiving or releasing Sublandlord
from any obligations of Sublandlord hereunder or under the Master Lease, to make such payment to Landlord. Sublandlord shall pay
to Subtenant, upon demand and presentation of credible evidence of the obligation and payment, all sums so paid by Subtenant to
Landlord (“Direct Payment”),. If Sublandlord fails to pay Subtenant the Direct Payment within five (5) days’
written notice, Subtenant, shall be permitted to offset Direct Payment against the Fixed Rent and Additional Rent payable hereunder.
Any payments made by Sublandlord directly to Landlord shall constitute payments on account of Fixed Rent and Additional Rent under
this Sublease for all purposes.

 

13.6.  The
liability of Sublandlord with respect to compliance with any laws, rules, regulations, or requirements, shall be strictly
limited and relate only to the acts and omissions and conduct of Sublandlord or Sublandlord’s agents, servants,
employees, contractors, licensees and subtenants (other than Subtenant) and as expressly set forth under this Sublease or
under the Master Lease if not a corresponding obligation of Subtenant under the terms of the Sublease; provided however that
the Sublandlord’s liability shall extend to any compliance with laws that may be required based upon the condition of
the Subleased Premises as of the Commencement Date.

 

    7

    

    

 

13.7. 
Sublandlord shall have absolutely no liability or obligation to indemnify, defend or hold Subtenant harmless with respect
to any acts or omissions or conduct referred to in the Master Lease which shall be the conduct of Master Landlord and not resulting
from acts or omission/defaults of Sublandlord. Sublandlord agrees to indemnify and hold Subtenant against and hold Subtenant harmless
from, any and all liabilities, losses, obligation, damages, penalties, claims, costs and expenses (including, without limitation,
reasonable attorneys’ fees and other charges and reasonable attorneys’ fees and other charges incurred in connection
with the enforcement of this indemnity provision) which are paid, suffered or incurred by Subtenant as a result of (i) the gross
negligence or willful misconduct of Sublandlord or its agents, contractors servants, employees, invitees or licensees, (ii) the
default of Sublandlord under this Sublease or the Master Lease that is not cured within the cure period provided for in the Master
Lease (except to the extent such default is directly derivative of a default of the Subtenant hereunder), or (iii) the termination
of this Sublease and/or the Master Lease by reason of the Sublandlord’s default under the Master Lease (except to the extent
such default is directly derivative of a default of the Subtenant hereunder).

 

13.8. 
Except as provided to the contrary in the Sublease, Subtenant shall have no right to resort to self-help, and in any instance
where self-help would be available to Sublandlord, Subtenant’s sole right shall be to notify Sublandlord in writing of Master
Landlord’s failure to provide services or utilities, or perform its obligations under the Master Lease, which notice shall
set forth such failure(s) in reasonable detail and Sublandlord shall thereafter, at Subtenant’s sole cost and expense, use
commercially reasonable efforts to cause Master Landlord to restore such services or utilities, or perform such obligations, respectively,
as the case may be, all as required by the terms of this Sublease. Notwithstanding anything herein contained to the contrary, to
the extent that Sublandlord does not require Landlord’s consent for any particular changes, alterations, additions or improvements
under the Master Lease, Subtenant shall similarly not require the Sublandlord’s consent for any such changes, alterations,
additions or improvements under this Sublease. To the extent that Landlord’s consent is required for any such changes, alterations,
additions or improvements, Subtenant shall also obtain prior written consent of Sublandlord, which shall not be unreasonably withheld.
Subtenant shall be responsible to remove any improvements and alterations installed by Subtenant at its sole cost and expense at
least five (5) business days prior to expiration of the Term and shall bring the Subleased Premises to the same condition as of
the Commencement Date.

 

13.9. 
Except as expressly provided in this Sublease benefiting Subtenant, no right of offset or abatement of Base Rent and/or
Additional Rent shall exist on the part of Subtenant against Sublandlord for any act, conduct or omission of Master Landlord, except
to the extent that a corresponding right of offset or abatement shall actually exist in favor of Sublandlord under the Master Lease
and be availed of by Sublandlord with respect to the portion(s) of the Premises so affected thereby. In the event that there is
any abatement of under the Master Lease related to the Subleased Premises, whether partial or total, the Rent under this Sublease
shall be similarly abated in equal proportion.

 

    8

    

    

 

13.10. 
Sublandlord shall not be bound by any representation or warranty made by Master Landlord under the Master Lease other than
for Sublandlord not to interfere with Subtenant’s quiet enjoyment.

 

13.11. 
Sublandlord represents (a) that it is the holder of the interest of the tenant under the Master Lease, (b) the Master Lease
is in full force and effect; (c) Exhibit A contains a true and complete redacted copy of the Master Lease and any and all amendments
related to the Subleased Premises thereto, together with copies of all other agreements and documents affecting the Subleased Premises,
(d) there are no other documents or agreements, written or oral, affecting the Subleased Premises, (e) no defaults (or events that
with notice and/or the passage of time could become a default) currently exist under the Master Lease and (f) as of the Commencement
Date, the Subleased Premises materially complies with all Applicable Laws.

 

13.12. 
Survival. The provisions of this Section 13 shall survive the expiration or earlier termination of this Sublease.

 

14. 
Utilities; Services. Sublandlord shall have no obligation to provide
to the Subleased Premises with any services or utilities (including without limitation telephone or internet services) of any
kind and shall have no liability for any interruption in utilities or services to the Subleased Premises. Sublandlord shall not
be responsible or liable in any way for any failure or interruption, for any reason whatsoever, of the services, utilities or
facilities that may or should be appurtenant or supplied to the Subleased Premises, and no such failure will in any way excuse
Subtenant’s performance under this Sublease or entitle Subtenant to any abatement of Rent, unless such failure is a result
of Sublandlord’s negligence or willful misconduct, or Sublandlord’s default under the Master Lease, in which event
Subtenant may contract directly with Master Landlord to restore such interrupted utilities and services. Subtenant shall pay to
Sublandlord as Rent hereunder any and all sums which Sublandlord may be required to pay to Master Landlord or any service provider
arising out of excess consumption by Subtenant or a request by Subtenant for additional building services (e.g., charges associated
with after-hours HVAC usage and over-standard electrical charges). Notwithstanding anything to the contrary in this Sublease or
the Master Lease, Subtenant agrees that Sublandlord shall not be required to perform any of the covenants, agreements or obligations
of Master Landlord under the Master Lease and, insofar as any of the covenants, agreements and obligations of Sublandlord hereunder
are required to be performed under the Master Lease by Master Landlord thereunder, Subtenant acknowledges and agrees that Subtenant
will look solely to Master Landlord for such performance.

 

15. 
Maintenance. Subtenant shall perform all maintenance
and repairs in the Subleased Premises which Sublandlord is required to perform under the Master Lease; provided, however,
that, at Sublandlord’s option, or if Subtenant fails to make such repairs, Sublandlord may, but need not, make such repairs
and replacements, and Subtenant shall pay Sublandlord’s costs or expenses, arising from Sublandlord’s involvement
with such repairs and replacements upon being billed for same. Except as otherwise expressly stated in this Sublease, Subtenant
shall have no liability for anything installed prior to the Commencement Date or any conditions that exist as of the Commencement
Date.

 

    9

    

    

 

16. 
INSURANCE.

 

16.1. 
Subtenant covenants and agrees that, during the Term, it will provide and keep in force, in responsible insurance companies
licensed to do business in the State of Florida, such policies of insurance and in such amounts not less than the amounts specified
in the Master Lease, and on such terms and conditions set forth in the Master Lease, naming Master Landlord and Sublandlord as
additional insureds. Upon the execution of this Sublease by Subtenant, Subtenant shall deliver to Sublandlord either a duplicate
original of the aforesaid policies or certificates, evidencing that such insurance is in full force and effect.

 

16.2. 
Subtenant understands and agrees that Sublandlord will not be obligated to carry insurance of any kind on any personal property
in the Premises owned by Subtenant (including, but not limited to, Subtenant’s furnishings, furniture and equipment or the
Personalty). Subtenant waives any and all right of recovery which it might otherwise have against Sublandlord for loss or damage
to such property or any part thereof, to the same extent that Subtenant’s insurer’s right of subrogation would be waived
if insurance coverage with waiver of subrogation provisions were being maintained by Subtenant upon all of such property, whether
or not caused by the act, omission or negligence of Sublandlord or its agents, servants, employees, contractors, licensees or invitees.

 

17. 
Assignment and Subletting. Subtenant shall not assign, mortgage, hypothecate,
encumber or otherwise transfer this Sublease or sub-sublease (which term shall be deemed to include the granting of concessions
and licenses and the like) the whole or any part of the Subleased Premises, including by operation of law (any of the foregoing,
an “Assignment”), without in each case first obtaining the prior written consent of Sublandlord, not
to be unreasonably withheld; it being agreed that it shall be deemed reasonable for Sublandlord to withhold its consent to an
Assignment if Master Landlord has withheld its consent to the same. Notwithstanding the foregoing, Subtenant is permitted to sublease
or assign all or a portion of the Subleased Premises to any entity fully owned or affiliated with the Subtenant. For purposes
of this article, a “transfer” shall have the meaning assigned to it in Section 6.1 of the Master Lease. No Assignment
shall relieve Subtenant of any liability under this Sublease. Consent to any such Assignment shall not operate as a waiver of
the necessity for consent to any subsequent Assignment. In connection with each request for an Assignment, Subtenant shall pay
Sublandlord’s reasonable cost of processing such Assignment, including attorneys’ fees, and any fees or costs payable
under the Master Lease, upon demand of Sublandlord (not to exceed the actual cost charged to Sublandlord by Master Landlord to
review the request, plus up to $2,500 for Sublandlord’s review costs)). Any assignee or subtenant shall assume all of Subtenant’s
obligations under this Sublease and be jointly and severally liable with Subtenant hereunder. Any Assignment hereunder must comply
with the Master Lease, including, without limitation, the obtaining of any required consent of Master Landlord.

 

18. 
Indemnity. Subtenant covenants and agrees to indemnify, defend and
hold Sublandlord and Master Landlord and any mortgagee and their respective agents, servants, employees, contractors, licensees
and invitees, harmless from and against any and all liability (statutory or otherwise), claims, suits, demands, damages, judgments,
costs, interest and expenses (including, without limitation, attorneys’ fees and disbursements incurred in the defense of
any action or proceeding), to which they may be subject or which they may suffer by reason of, any injury to person or persons
(including, but not limited to, Sublandlord, its agents, servants, employees, contractors, licensees and invitees) or damage to
property (including any loss of use thereof): (i) arising from, or in connection with the Subtenant’s occupancy or use of, or
from anything whatsoever done, in, at or about the Premises during the Term; or (ii) resulting from any act, omission or negligence
of Subtenant or its agents, servants, employees, contractors, licensees or invitees. Subtenant agrees that it is bound by, and
assumes the obligations under, Paragraph 19 of the Master Lease as if such provision were set forth at length herein.

 

    10

    

    

 

If the Master
Lease shall be terminated by reason of a default on the part of Subtenant with respect to any of the terms, covenants, conditions,
provisions and agreements of this Sublease, Sublandlord shall be entitled to all rights and remedies available to it under law.
By way of example and not limitation, Sublandlord shall be entitled to recover from Subtenant the sum of: (i) such amount or amounts
as will be equal to the damages which Master Landlord shall be entitled to recover from Sublandlord in connection with such termination
of the Master Lease; (ii) the reasonable expenses incurred by Sublandlord in collecting the amounts referred to in clause (i) hereinabove
(including, without limitation, reasonable attorneys’ fees and disbursements); and (iii) any and all other reasonable amounts
incurred by Sublandlord as a result thereof. This section shall similarly apply to Sublandlord, benefiting Subtenant in the same
manner in the event of termination and loss of Sublease estate resulting from defaults of Sublandlord. Such obligations and damages
relating with and applicable to the parties shall survive the termination of this Sublease.

 

18.1. 
Survival. The indemnities in this Section 19 shall survive the expiration or earlier termination of this Sublease.

 

19. 
Exemption of Sublandlord from Liability. Unless caused by Sublandlord’s
gross negligence or willful misconduct, or breach of its obligations under the Master Lease, Sublandlord shall not be liable for
injury or damage to the person or goods, wares, merchandise, or other property of Subtenant, Subtenant’s employees, contractors,
invitees, customers, or any other person in or about the Master Premises, whether such damage or injury is caused by or results
from fire, steam, electricity, gas, water or rain, or from the breakage, leakage, obstruction or other defects of pipes, fire
sprinklers, wires, appliances, plumbing, air conditioning or lighting fixtures, or from any other cause, whether said injury or
damage results from conditions arising from the Master Premises or from any other source or place, and regardless of whether the
cause of damage or injury or the means of repairing the same is accessible. Notwithstanding anything to the contrary in this Sublease
or the Master Lease, in no event whatsoever shall Sublandlord be liable for injury to Subtenant’s business or for any loss
of income or profit therefrom or for any consequential, exemplary, punitive or special damages.

 

20. 
Damage and Destruction; Condemnation. In no event shall Sublandlord
have any obligation to Subtenant to restore the Subleased Premises or the Master Premises if damaged, destroyed or condemned as
described in Section 14 or Section 15 of the Master Lease. To the extent any damage, destruction or casualty loss occurs in the
Master Premises or Subleased Premises which entitles Sublandlord to terminate the Master Lease, Sublandlord may terminate the
Master Lease (in which event this Sublease shall automatically terminate) without liability to Subtenant. With respect to damage,
destruction or condemnation (as described in Section 14 and Section 15 of the Master Lease), Subtenant shall have no right to
abatement of Rent under this Sublease unless Sublandlord is entitled to abatement of rent under the Master Lease with respect
to the Subleased Premises.

 

    11

    

    

 

21. 
Brokers. Sublandlord and Subtenant hereby represent and warrant to
each other that they have had no dealings with any real estate broker or agent in connection with the negotiation of this Sublease,
and that they know of no other real estate broker or agent who is entitled to a commission in connection with this Sublease, other
than: (a) Stiles Realty, representing Sublandlord, and (b) Newmark Knight Frank representing Subtenant (collectively, the “Brokers”).
Each Party agrees to indemnify and defend the other Party against and hold the other Party harmless for, from and against any
and all Claims with respect to any leasing commission or equivalent compensation alleged to be owing on account of the indemnifying
Party’s dealings with any real estate broker or agent other than the Brokers. The indemnities in this Section 20 shall
survive the expiration or termination of this Sublease.

 

22.  Compliance
with Laws. Subtenant shall, at its sole cost and expense, promptly comply with all laws, ordinances and
regulations with respect to Subtenant’s use, occupancy or improvement of the Subleased Premises, including, without
limitation, the Americans With Disabilities Act of 1990, 42 U.S.C. §12101, et seq. (as amended, together with the
regulations promulgated pursuant thereto) (collectively, “Applicable Laws”). Additionally,
Subtenant shall be responsible, at its sole cost and expense, to reimburse Sublandlord for any legal compliance costs
incurred by Sublandlord with respect to the Subleased Premises as a result of Subtenant’s (a) specific use and
occupancy of the Subleased Premises (as opposed to general office use), (b) obtaining any permit or license with respect to
the Subleased Premises, or (c) making any installations, additions or alterations to the Subleased Premises.
Subtenant’s compliance obligation shall not apply to any conditions that exist as of the Commencement Date. For the
avoidance of any doubt, Sublandlord shall be responsible for compliance with Applicable Laws for any conditions that exist in
the Subleased Premises as of the Commencement Date.

 

23. 
entry. Sublandlord and/or its agents may enter the Premises at reasonable
hours upon reasonable prior notice to Subtenant with a representative of Subtenant present, which notice must be in writing, including
by electronic mail, (except in the event of an emergency, in which event no notice shall be required), in order to repair, inspect,
install or perform other work that Sublandlord is required to perform under the Master Lease and which Subtenant is either not
required to perform or which Subtenant has failed to perform in accordance with the terms of this Sublease, or in order for Master
Landlord to inspect, repair, install or perform other work in accordance with the terms, covenants, conditions, provisions and
agreements of the Master Lease.

 

24.  No
privity of estate.

 

24.1. 
Nothing contained in this Sublease shall be construed to create privity of estate or contract between Subtenant and Master
Landlord.

 

24.2. 
Except to request Landlord’s consent to this Sublease, Subtenant has no authority make any agreement with Master Landlord
regarding the Premises or the Master Lease during the Term of the Sublease. Subtenant shall not pay Base Rent, Additional Rent,
or any other sums or charges to Master Landlord unless required pursuant to the terms of the Master Lease, or order of a court
or arbitration panel with jurisdiction.

 

    12

    

    

 

25. 
Notices. Any notice, demand or request required or desired to be given
under this Sublease to Sublandlord or Subtenant shall be in writing via (a) personal delivery, (b) First Class U.S. Mail, return
receipt requested, (c) FedEx or other reputable overnight carrier, or (d) email (but only if a hard copy is sent within one (1)
business day thereafter by one of the methods in the foregoing sections (a) through (c)), and shall be addressed to the address
of the Party to be served, as set forth in this Section 21. Either Party may from time to time, by written notice to the
other Party in accordance with this Section 21, designate a different address than that set forth below for the purpose
of notice. Upon receipt of any notice from Master Landlord, Subtenant shall promptly deliver a copy of such notice to Sublandlord
in accordance with the terms and conditions of this Section 21.

 

	Sublandlord:	Subtenant:
	 	 
	
        1901 Cypress Creek Rd

        Suite 600

        Fort Lauderdale, FL 33309

        Attn: Legal Department

        Email: legal@jetsmarter.com
	
        Subleased Premises and

        Prior to the Commencement Date:

        601 N. State Rd. 7,

        Plantation, Florida 33317

        with a copy to

        Jeffrey M. Platte, Esq.

        Platte, Klarsfeld & Levine, LLP

        10 East 40th Street, 46th
        Floor

        New York, New York 10016

 

26. 
Default. The occurrence of any of the following events (each, an “Event
of Default”) shall constitute a material default and breach of this Sublease by Subtenant: (a) Subtenant’s
failure to pay Rent, where such failure shall continue for a period of five (5) days following Subtenant’s receipt of written
notice thereof from Sublandlord, (b) the occurrence of a material default or breach of the Master Lease due to Subtenant’s
acts or omissions and such default continues following expiration of the applicable cure period under the Master Lease, or (c)
the occurrence of any of the events described in Section 8 of the Master Lease and such default continues following expiration
of the applicable cure period under the Master Lease. Upon any Event of Default under this Sublease, Sublandlord shall have all
of the remedies available to Master Landlord pursuant to the Master Lease, including without limitation the remedies enumerated
in Section 8 of the Master Lease. All of Sublandlord’s rights and remedies herein enumerated or incorporated by reference
above are cumulative, and none will exclude any other right or remedy allowed by law or in equity.

 

27. 
Surrender. On the expiration or earlier termination of this Sublease,
Subtenant shall, at its sole cost and expense, surrender and deliver up the Subleased Premises to Sublandlord, in the same condition
as of the Commencement Date, normal wear and tear, casualty damage, and Sublandlord’s and Master Landlord’s obligations
excepted. Subtenant shall be required to remove the Furniture from the Subleased Premises. For the avoidance of doubt, except
as otherwise specified hereto, Subtenant shall have no liability for anything installed prior to the Commencement Date or restoration
of the Sublease Premises with respect to anything beyond its condition as of the Commencement Date. Unless Sublandlord otherwise
agrees in writing, all alterations, additions or improvements affixed to the Subleased Premises shall become the property of Sublandlord
and shall be surrendered with the Subleased Premises at the expiration of the Sublease Term, except that, subject to the rights
of Master Landlord under the Master Lease, Sublandlord may, by notice to Subtenant at the time of its consent thereto, require
Subtenant to remove by the Expiration Date, or sooner termination of this Sublease, all or any alterations, decorations, fixtures,
additions, improvements and the like installed either by Subtenant or by Sublandlord for Subtenant’s benefit, and to repair
any damage to the Subleased Premises arising from the removal.

 

    13

    

    

 

28. 
Holdover. If Subtenant fails to surrender the Subleased Premises in
accordance with the terms and conditions of this Sublease on or before the Expiration Date or earlier termination of this Sublease,
such tenancy shall be from month-to-month only, at a rental rate that is 150% of the monthly Rent payable under this Sublease
immediately prior to termination or expiration of this Sublease, and shall not constitute a renewal or extension of this Sublease.
Notwithstanding any provision to the contrary contained in this Sublease, (i) Sublandlord expressly reserves the right to require
Subtenant to surrender possession of the Subleased Premises upon the expiration of the Sublease Term or upon the earlier termination
hereof and the right to assert any remedy at law or in equity to evict Subtenant or collect damages in connection with any such
holding over, and (ii) Subtenant shall indemnify, defend and hold Sublandlord harmless from and against any and all Claims incurred
or suffered by Sublandlord by reason of Subtenant’s failure to surrender the Subleased Premises on the expiration or earlier
termination of this Sublease in accordance with the provisions of this Sublease, including without limitation all holdover rent
and other costs chargeable to Sublandlord pursuant to the Master Lease as a result of Subtenant’s holdover. The provisions
of this Section 27 shall survive the expiration or earlier termination of this Sublease.

 

29. 
Signage. Subtenant is not entitled to any signage in or on the Building
or the Master Premises without the prior written consent of Master Landlord to the extent required under the Master Lease. Subtenant
shall be solely responsible to remove any installed signage at its sole cost and expense upon expiration of the Term.

 

30. 
Governing Law. The terms and provisions of this Sublease shall be
construed in accordance with and governed by the laws of the State of Florida.

 

31. 
Partial Invalidity. If any term, provision or condition contained
in this Sublease shall, to any extent, be invalid or unenforceable, the remainder of this Sublease, or the application of such
term, provision or condition to persons or circumstances other than those with respect to which it is invalid or unenforceable,
shall not be affected thereby, and each and every other term, provision and condition of this Sublease shall be valid and enforceable
to the fullest extent possible permitted by law.

 

32. 
Attorneys’ Fees. If any Party commences litigation against another
in connection with this Sublease, for damages for the breach hereof or otherwise for enforcement of any remedy hereunder, the
prevailing Party shall be entitled to recover from the other Party such costs and reasonable attorneys’ fees as may have been
incurred, including any and all costs incurred in enforcing, perfecting and executing such judgment.

 

33. 
Counterparts and Electronic Signatures. This Sublease may be executed
in counterparts, each of which shall be deemed an original, but such counterparts, when taken together, shall constitute one agreement.
This Sublease may be executed by a Party’s signature transmitted by email, and copies of this Sublease executed and delivered
by means of emailed signatures shall have the same force and effect as copies hereof executed and delivered with original signatures.
All Parties hereto may rely upon emailed signatures (including signatures in Portable Document Format) as if such signatures were
originals. All Parties hereto agree that an emailed signature page may be introduced into evidence in any proceeding arising out
of or related to this Sublease as if it were an original signature page.

 

34. 
Entire Agreement. This Sublease, together with the Master Lease as
incorporated or referenced herein, constitutes the entire agreement and complete understanding of the Parties with respect to
the matters set forth herein and merges and supersedes all prior, oral and written, agreements and understandings, and all contemporaneous
oral agreements and understandings, of any nature whatsoever with respect to such subject matter.

 

[Signature
page follows]

 

    14

    

    

 

In
Witness Whereof, Sublandlord
and Subtenant have executed this Sublease as of the date and year set forth above.

 

	SUBLANDLORD:	 	SUBTENANT:
	 	 	 
	JetSmarter Inc.,	 	Lmp Automotive
    Holdings, inc.
	a Delaware Corporation	 	a Delaware Corporation

 

	By:	/s/ Anastasija Snicarenko	 	By:	/s/ Sam Tawfik
	Name: 	Anastasija Snicarenko	 	Name: 	Sam Tawfik
	Title:	General Counsel	 	Title:	Chief Executive Officer

 

    15

    

    

 

Exhibit
A

 

Master Lease

 

    16

    

    

 

Exhibit B

 

Suite 1900 Inventory List

 

All existing furniture, fixtures and equipment shall
be provided As-Is and any repairs or maintenance shall be at Subtenant’s sole expense.

 

(2) custom zebra wood EA desks

(1) Conference table w/8 chairs

(1) built in matching crendenza in conference room

(3) 70” tv’s

(3) buit in Miele microwaves

(2) built in Miele coffee machines

(1) built in wine cooler

(14) shell desks (loose)

(1) custom sliding top zebra wood executive desk

(30) desk chairs

(1) built in small round conference tables

(10) white executive desks & matching built in
credenza

(1) metal wire rack in IT storage room

(3) mini split units in IT room

(1) small storage rack in IT room

(2) racks –
(Includes existing network switches to remain)

(1) Crestron system

(16) boardroom chairs

(1) custom powered 20’ conference table

(1) custom zebra wood reception desk

(4) modular desking systems

(7) built in display screens

(14) hardwired shell desks

(12) grey modular hardwired work stations

(1) 5 gallon water dispenser

(6) kitchen barstools

(3) built in refridgerators

(3) built in dishwashers

 

Equipment
NOT included:

(3) Dell Servers in IT Room

(5) Apple TV devises in IT Room

Cisco Video Conference Camera in main conference
room, (however existing video conference camera wiring to remain in place)

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