Document:

Exhibit 1029

		

			 

		

		
			Exhibit 10.29
		

		
			Chemed Corporation
		

		
			Form of Stock Option Grant - 2019
		

		
			Name
		

		
			Address
		

		
			City, State ZIP Code
		

		
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			Dear             ,
		

		
			In accordance with the 2018* Stock Incentive Plan (the “Plan”) of Chemed Corporation (the “Corporation”), you are hereby granted an option to purchase 2018 shares of the capital stock, par value $1.00 per share, of the Corporation upon the following terms and conditions.
		

		
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			(1)  The purchase price shall be $_______per share.  Payment thereof shall be made in cash or, subject to the next sentence, by delivery to the Corporation of shares of capital stock of the Corporation which shall be valued at their Fair Market Value on the date of exercise, or in a combination of cash and such shares.  Your right to pay the purchase price, in whole or in part, by delivery to the Corporation of shares of capital stock of the Corporation is expressly subject to temporary or permanent revocation or withdrawal at any time and from time to time by action of the Board of Directors of the Corporation without any requirement that advance notice of such revocation or withdrawal be given to you.
		

		
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			(2)  Subject to the provisions of paragraphs (3) and (7), this option is exercisable in whole or in part at any time and from time to time as follows:
		

		
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			__________ Shares on or after October 29, 2020
		

		
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			__________  Shares on or after October 29, 2021
		

		
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			__________ Shares on or after October 29, 2022
		

		
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			Once an installment becomes exercisable, it may be exercised at any time in whole or part until the expiration or termination of this option.  Neither this option nor any right hereunder may be assigned or transferred by you, except by will, the laws of descent and distribution, pursuant to a qualified Domestic Relations order, or to a permitted transferee.  It may be exercised during your life only by you or by a permitted transferee.  Within fifteen (15) months after your death it may be exercised only by your estate, by a permitted transferee, or by a person who acquired the right to exercise the option by bequest or inheritance or by reason of your death.  At the time of each exercise of this option, you or the person or persons exercising the option shall, if requested by the Corporation, give assurances, satisfactory to counsel to the Corporation, that the shares are being acquired for investment and not with a view to resale or distribution thereof and assurances in respect of such other matters as the Corporation may deem desirable to assure compliance with all applicable legal requirements.
		

		
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			(3)  This option, to the extent that it shall not have been exercised, shall terminate when you cease to be an employee of the Corporation or a subsidiary, unless you cease to be an employee because of your resignation with the consent of the Committee or because of your death, incapacity or retirement under a retirement plan of the Corporation or a subsidiary.  If you cease to be an employee because of such resignation, this option shall terminate upon the expiration of three months after you cease to be an employee, except as provided in the next sentence.  If you cease to be an employee because of your death, incapacity or retirement under a retirement plan of the Corporation or a subsidiary, or if you cease to be an employee because of your resignation with the consent of the Committee and die during the three-month period referred to in the preceding sentence, this option shall terminate fifteen (15) months after you ceased to be an employee.  Where this option is exercised more than three months after termination of employment, as aforesaid, only those installments which shall have become exercisable prior to the expiration of three months after you ceased to be an employee, whether by death or otherwise, may be exercised.  A leave of absence for military or governmental service or for other purposes shall not, if approved by the Committee be deemed a termination of employment within the meaning of this paragraph (3), provided, however, that this option may not be exercised during any such leave of absence.  Notwithstanding the foregoing provisions of this paragraph (3) or any provision of the Plan, this option shall not be exercisable after the expiration of five years from the date this option is granted.
		

		
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			(4)  Upon the occurrence of a Change in Control (as defined in the Chemed Corporation Change in Control Severance Plan, the “CIC Severance Plan”), the Corporation shall cause the surviving entity to issue 
		

		 

		

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		replacement options or stock appreciation rights in the surviving entity’s common stock (“Replacement Award”).  Such Replacement Award shall provide you with substantially the same economic value and benefits as provided by this option, including (i) an aggregate purchase price equal to the aggregate purchase price of this option, (ii) an aggregate spread determined immediately after such Change in Control equal to the aggregate spread of this option as determined immediately prior to such Change in Control, and (iii) a ratio of purchase price to the Fair Market Value of the shares subject to such Replacement Award, as determined immediately after the Change in Control, that is equal to the ratio of the purchase price of this option to the Fair Market Value of the Corporation’s Capital Stock, as determined immediately prior to the Change in Control. Notwithstanding anything to the contrary contained herein, the substitution of the Replacement Award for this option shall be done in a manner that complies with Section 409A of the Code.  To the extent such Replacement Award is not fully exercisable, it shall become exercisable on the date this option would otherwise have become exercisable under the terms of this option, subject to your continued employment with the surviving or successor entity through such date, provided, however, that such Replacement Award will become exercisable immediately if your employment is terminated by the surviving or successor entity without Cause or by you for Good Reason (as defined in the CIC Severance Plan).  Such Replacement Award shall become exercisable immediately prior to any transaction with respect to the surviving or successor entity (or parent or subsidiary company thereof) of substantially similar character to a Change in Control.  Upon such substitution, this option shall terminate and be of no further force and effect, provided however that if such Replacement Award is not issued for any reason or if the common stock of the surviving entity is not publicly traded on a United States exchange at the date of the Change in Control, then this option shall become exercisable in full upon the occurrence of the Change in Control.    By accepting this grant, you explicitly agree that, to the extent there is a conflict between the terms of this Section 4 and the CIC Severance Plan or the Plan, the terms of this Section 4 shall apply.
		

		
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			(5)  The number and class of shares or other securities covered by this option and the price to be paid therefore shall be subject to adjustment as, and under the circumstances, provided in Section 8 of the Plan.
		

		
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			(6)  This option may be exercised only by serving written notice on the Secretary or Treasurer of the Corporation.  The Corporation shall deliver the shares to you against payment; provided, however, no share shall be issued or transferred pursuant to this option unless and until all legal requirements applicable to the issuance or transfer of such shares have, in the opinion of the counsel to the Corporation, been complied with.  Any Federal, state or local withholding taxes applicable to any compensation you may realize by reason of the exercise of the option or any subsequent disposition of the shares acquired on exercise shall, upon request, be remitted to the Corporation or the subsidiary by which you are employed at the time of exercise or sale, as the case may be.  You shall have the rights of a stockholder only as to stock actually delivered to you.
		

		
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			(7)  If you are or become an employee of a subsidiary, the Corporation’s obligations hereunder shall be contingent on the approval of the Plan and this option by the subsidiary and the subsidiary’s agreement that (a) the Corporation may administer the Plan on its behalf, and (b) upon the exercise of the option, it will purchase from the Corporation the shares subject to the exercise at their Fair Market Value on the date of exercise, such shares to be then transferred by the subsidiary to the holder of this option upon payment by the holder of the purchase price to the subsidiary.  Where appropriate, such approval and agreement of the subsidiary shall be indicated by its signature below.  The obligation of the subsidiary so undertaken may be waived by the Corporation.
		

		
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			(8)  The Plan is hereby incorporated by reference.  Each term which is defined in the Plan and used in this option shall have the same meaning in this option as it has in the Plan.  This option is granted subject to the Plan and, unless otherwise stated herein, shall be construed to conform to the Plan.   The Corporation may cancel, forfeit or recoup any rights or benefits of, or payments to, you hereunder, including but not limited to any Capital Stock issued by the Corporation upon exercise of this option or the proceeds from the sale of any such Capital Stock, under any current or future compensation recovery policy that it may establish and maintain from time to time  to meet listing requirements that may be imposed in connection with the Dodd-Frank Wall Street Reform and Consumer Protection Act or otherwise.
		

		
			Very truly yours,
		

		
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			CHEMED CORPORATION
		

		
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			By:_____________________________
		

		
			        Naomi C. Dallob
		

		
			        Chief Legal Officer
		

		
			Receipt Acknowledged:
		

		
			______________________
		

		
			          Employee
		

		 

		

			41EX-4.1

 Exhibit 4.1 

AMENDMENT AND WAIVER TO ACQUISITION AGREEMENT

 This Amendment and Waiver to Acquisition Agreement (this “Amendment”) is entered into as of February 21, 2020, by and among Apple Bidco Limited, a private limited company organized and existing under the laws of England and Wales (the
“Company”), Atlas Corp., a corporation organized and existing under the laws of the Republic of the Marshall Islands (“Purchaser”), Fairfax Financial Holdings Limited, in its capacity as the “Seller
Representative”, and the other Parties listed on the signature pages attached hereto. Capitalized terms used but not otherwise defined in this Amendment shall have the meanings ascribed to such terms in the Acquisition Agreement (as defined
below). 
 RECITALS 

WHEREAS, Company, Purchaser and Seller Representative, entered into that certain Acquisition Agreement, dated as of November 20,
2019, by and among (i) the entities listed on Exhibit A thereto under the heading “Fairfax”, including Fairfax Financial Holdings Limited, (ii) ACM Energy Holdings I Ltd. and ACM Apple Holdings I, LP, (iii) JCLA Cayman
Limited, (iv) the Company, (v) Seaspan Corporation, (vi) Purchaser and (vii) the Seller Representative (the “Acquisition Agreement”); 

WHEREAS, pursuant to Section 12.2 of the Acquisition Agreement, any term of the Acquisition Agreement may be
amended, modified or supplemented by an agreement in writing signed by Purchaser, the Company, and the Seller Representative; and 

WHEREAS, the Company, Purchaser and the Seller Representative wish to amend the Acquisition Agreement as set forth herein. 

NOW, THEREFORE, in consideration of the promises herein and other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged by the parties hereto, the parties hereto agree as follows: 
 1. Definition of Closing Cash. The definition
of “Closing Cash” in Article I of the Acquisition Agreement shall be amended and restated in its entirety to read as follows: 

“Closing Cash” means the aggregate amount of Cash of the Company and its Subsidiaries on a consolidated basis calculated as of
12:01 a.m., Eastern Time, on the Closing Date, determined in accordance with the Accounting Principles and the Net Debt Schedule, which shall include (a) the Bangladesh Pledged Cash so long as the Bangladesh Pledged Account contains at least
Ten Million Six Hundred Thousand Dollars ($10,600,000) and (b) the amount of the Applicable Repatriated Argentina Cash. The amount of the Applicable Repatriated Argentina Cash shall be deemed to be Zero Dollars ($0.00) for purposes of the
determination of Closing Cash in the calculation of Estimated Net Debt pursuant to Section 2.1(c) of this Agreement. 

2. Definition of Restricted Cash. The definition of “Restricted Cash” in Article I of the Acquisition Agreement shall
be amended and restated in its entirety to read as follows: 
 “Restricted Cash” means any cash not denominated in U.S.
Dollars and immediately available for withdrawal in the BAML Account or another Eligible Operating Account, any cash needed to satisfy any outstanding check payable by the Company, APR or any of their respective Subsidiaries, ACH transaction and
other wire transfers (exclusive of any cash held for, or on behalf of, a customer or client of the Company, APR or any of their Subsidiaries) and any cash which is subject to a restriction on use or access as of the Closing (including any cash held
in escrow, cash securing letters of credit or otherwise as collateral, cash held as a security deposit, vendor deposit or other 

 
deposit, petty cash held at project sites, or cash subject to capital controls or restrictions on repatriation by any Governmental Authority); provided, that Restricted Cash shall not
include (i) Bangladesh Pledged Cash or (ii) Applicable Repatriated Argentina Cash; provided, further for the avoidance of doubt that Restricted Cash shall include any Cash held in an account or financial institution in
Argentina other than to the extent that such Cash becomes Applicable Repatriated Argentina Cash. 
 3. Definition of Percentage
Interest. The definition of “Percentage Interest” in Article I of the Acquisition Agreement shall be amended and restated in its entirety to read as follows: 

“Percentage Interest” means, with respect to any Shareholder, the percentage set forth opposite such Shareholder’s name
on Exhibit A; provided, that if there is a Liquidity Event Purchase, the “Percentage Interest” of each Seller for purposes of (i) the last sentence of each of Section 2.4(d)(ii) and
Section 2.4(e)(iv), (ii) Section 10.2 and (iii) Section 10.5(e) shall, in each case, be recalculated so as to exclude the Company Shares held by the Non-Party Shareholder(s) who participate in such Liquidity Event Purchase. 
 4. Additional
Definitions. The following definitions shall be added to the Acquisition Agreement Article I of the Acquisition Agreement in alphabetical order as follows: 

“Adjusted Minority Shareholders’ Aggregate Shortfall Amount” means, for any Quarter (or portion thereof) during the
Argentina Restricted Repatriation Period, (i) the Minority Shareholders’ Aggregate Shortfall Amount for such Quarter less (ii) the aggregate amount of Unapplied Accrued Argentina Holdback Dividends (if any) with respect to all
Argentina Holdback Shares then remaining in the Argentina Holdback, in each case of this clause (ii) determined as of the end of such Quarter but prior to the application of Schedule 10.4 in respect of the Shortfall for such
Quarter. 
 “Amendment” means that certain Amendment and Waiver to Acquisition Agreement entered into among the Company,
Purchaser and the Seller Representative as of February 21, 2020. 
 “Applicable Repatriated Argentina Cash” means
Argentina Cash that is deposited (in same day funds) in US Dollars into a US Account within seventy-five (75) days after the Closing Date in accordance with Section 2.4(f). 

“APR Argentina” means APR Energy S.R.L., a limited liability company organized and existing under the laws of Argentina. 

“Argentina Cash” means Cash of the Company or its Subsidiaries held in a bank or other financial institution in Argentina as
of the Closing, which shall be transferred to the Argentina Cash Account at or promptly after the Closing. 
 “Argentina Cash
Account” means an account of APR Argentina in a bank or other financial institution in Argentina established to segregate and hold the Argentina Cash. 

“Argentina Holdback” has the meaning set forth in Section 2.3(a). 

“Argentina Holdback Amount” means 3,511,117 of the Purchaser Common Shares issuable by the Purchaser to the Minority
Shareholder. 
 “Argentina Holdback Released Shares” has the meaning set forth on Schedule 10.24. 

  
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 “Argentina Holdback Shares” has the meaning set forth in
Section 2.3(a). 
 “Argentina Opex” means, for any Quarter (or portion thereof) during the
Argentina Restricted Repatriation Period, all Argentina Peso-denominated expenses (including all taxes, penalties, selling, general and administrative expenses and operating expenses) of APR Argentina that are due and payable during such Quarter (or
portion thereof). 
 “Argentina Restricted Repatriation Period” means the period beginning on the Closing Date and ending on
the Argentina Termination Date. 
 “Argentina Termination Date” has the meaning set forth in
Section 10.1(e). 
 “Argentina Termination Condition” has the meaning set forth in
Section 6.23(a). 
 “BCU Peso Wire” has the meaning set forth on Schedule 10.24. 

“BCU USD Wire” has the meaning set forth on Schedule 10.24. 

“Blue Chip Rates” means, with respect to any Restricted Peso, the actual achieved effective rate of exchange for such
Restricted Peso through the applicable Blue Chip Swap transaction executed by the Company to convert such Restricted Peso into US Dollars in a US Account. 

“Blue Chip Swap” means the acquisition, directly or indirectly (including through an intermediary), in Argentine Pesos of
bonds or other debt or similar securities traded in Buenos Aires which also trade in foreign jurisdictions, and the subsequent sale of such securities, directly or indirectly (including through an intermediary), abroad in foreign currency. 

“Blue Chip Unavailability Event” has the meaning set forth on Schedule 10.24. 

“Blue Chip Unavailability Shares” has the meaning set forth on Schedule 10.24. 

“Demand” has the meaning set forth on Schedule 10.24. 

“Designated Account” has the meaning set forth on Schedule 10.24. 

“Escrow Agreement” has the meaning set forth on Schedule 10.24. 

“Forfeiture Option” has the meaning set forth on Schedule 10.24. 

“Government Imposed Amendment” any amendment to a Turbine Contract during the Argentina Restricted Repatriation Period that is
unilaterally imposed or mandated by any Governmental Authority. 
 “Minority Shareholders” means all Shareholders other than
the Fairfax Parties. 
 “Minority Shareholders’ Aggregate Shortfall Amount” means, for any Quarter (or portion thereof)
during the Argentina Restricted Repatriation Period, the amount of the Minority Shareholders’ aggregate Percentage Interest of the Shortfall for such Quarter. 

“MS Percentage Interest” means, with respect to any Minority Shareholder, the percentage calculated by dividing the number of
Company Shares set forth opposite such Minority Shareholder’s name on Exhibit A by the aggregate number of Company Shares set forth opposite the names of all of the Minority Shareholders on Exhibit A. 

  
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 “MS Restricted Pesos” has the meaning set forth on Schedule 10.24.

 “Quarter” has the meaning set forth on Schedule 10.24. 

“Restricted Peso” means any Argentina Peso received by APR Argentina during the Argentina Restricted Repatriation Period under
a Turbine Contract. 
 “Restricted Peso Obligation Amendment” has the meaning set forth in
Section 6.23(b). 
 “RP Common Shares Value” means, as of any date, the volume-weighted average
price of Purchaser Common Shares over the five (5) Business Day period preceding such date (or, if the Purchaser Common Shares are not listed at such time, the then fair market value of Purchaser Common Shares as reasonably determined by the
board of directors of Purchaser acting in good faith). 
 “Shareholder” means Sellers and the
Non-Party Shareholders, collectively, and a “Shareholder” means any of them individually. 

“Shortfall” means, for any Quarter (or portion thereof) during the Argentina Restricted Repatriation Period, the amount by
which (a) the aggregate amount of US Dollars received by the Company and its Subsidiaries resulting from the conversion of Restricted Pesos during such Quarter, net of Restricted Pesos used to pay Argentina Opex during such Quarter, pursuant to
one or more Blue Chip Swap transactions executed in accordance with Schedule 10.4 is less than (b) the US Dollar equivalent of such Restricted Pesos, net of Restricted Pesos used to pay Argentina Opex during such Quarter,
calculated at the Volume-Weighted Average Central Bank Rate for such Quarter. 
 “Shortfall Deficit” has the meaning set
forth on Schedule 10.24. 
 “Swap Notice” has the meaning set forth on Schedule 10.24. 

“Turbine Contract Amendment Negotiation Period” has the meaning set forth in Section 6.23(b). 

“Turbine Contract” means the Argentina Contracts listed as items 1 and 2 of Schedule 1.1(f) of this Agreement as in
effect on the Closing Date; provided, that, except in the case of a Government Imposed Amendment, if any such Argentina Contract is amended after the Closing Date in a manner that increases or would reasonably be expected to increase the
liability of Sellers or adversely affect their indemnification obligations in any respect (including any modification of payment terms or amounts thereunder that increase the amount or accelerates the timing of payments during the Argentina
Restricted Repatriation Period), such Argentina Contract shall cease to be a Turbine Contract as of the expiration of the Turbine Contract Amendment Negotiation Period applicable to such amendment unless the Seller Representative agrees in writing
to a Restricted Peso Obligation Amendment with respect thereto in accordance with Section 6.23(b); provided, further, that in the case of a Government Imposed Amendment that increases or would reasonably be
expected to increase the liability of Sellers or adversely affect their indemnification obligations in any respect (including any modification of payment terms or amounts thereunder that increases the amount or accelerates the timing of payments
during the Argentina Restricted Repatriation Period), Section 6.23(c) shall apply. 

  
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 “Unapplied Accrued Argentina Holdback Dividends” means, with respect to the
Argentina Holdback Shares remaining in the Argentina Holdback as of any applicable time, (i) the pro rata portion of any distributions or dividends that would have been received by a holder of such Argentina Holdback Shares as of such
applicable time had such Argentina Holdback Shares been issued and outstanding on the record date applicable to such distribution or dividend (but only for any record date that is on or after the Closing Date) less (ii) amounts
previously applied to reduce any Adjusted Minority Shareholders’ Aggregate Shortfall Amount pursuant to clause (ii) of the definition thereof prior to such applicable time. 

“Unavailability Notice” has the meaning set forth on Schedule 10.24. 

“US Account” has the meaning set forth in Section 6.23(a). 

“Volume Weighted Average Central Bank Rate” means, for any Quarter (or portion thereof) during the Argentina Repatriation
Period, the average of the Central Bank Rate(s) at which Restricted Pesos were paid to APR Argentina pursuant to the terms of the Turbine Contracts during such Quarter, adjusted to a weighted average based upon the amount of each such payment. 

5. Share Exchange. Section 2.1(b) of the Acquisition Agreement shall be amended and restated in its entirety
to read as follows: 
 “(b) Upon the terms and subject to the conditions set forth in this Agreement (including the Holdback and the
Argentina Holdback), on the Closing Date, Purchaser shall issue to Shareholders the Closing Payment Shares, which shall be fully-paid, non-assessable and free and clear of all Liens, and each Shareholder shall
receive the number of Closing Payment Shares to which such Shareholder is entitled as set forth in the Closing Statement, in exchange for the number of Company Shares opposite such Shareholder’s name on Exhibit A, free and clear of all
Liens other than Liens arising under applicable securities Law. No certificates or scrip representing fractional shares of Purchaser Common Shares will be issued pursuant to the Share Exchange, and such fractional share interests will be rounded
down to the nearest whole share and will not entitle the owner thereof to vote or to any rights of a stockholder of Purchaser.” 
 6.
Closing. Section 2.2 of the Acquisition Agreement shall be amended and restated in its entirety to read as follows: 

“Section 2.2 Closing. The consummation of the Transactions (the “Closing”) shall take place at the offices of
DLA Piper LLP, 1251 6th Ave, New York, NY 10020, at 9:00 a.m. (Eastern Time) on the date that is two (2) Business Days after the date on which each of the conditions set forth in Article VIII has been satisfied or, if permitted, waived
by the Party entitled to the benefits of such condition (other than any conditions that by their nature can only be satisfied on the Closing Date, but subject to the satisfaction of such conditions on the Closing Date or waiver by the Party entitled
to the benefits of such conditions); provided, however, that the Closing may occur remotely by email or other manner as may mutually be agreed upon by Purchaser and the Seller Representative. The date on which the Closing occurs is
referred to in this Agreement as the “Closing Date.” Except as otherwise set forth herein, all proceedings to be taken and all documents to be executed and delivered by all Parties at the Closing will be deemed to have been taken
and executed simultaneously and no proceedings will be deemed to have been taken nor documents executed or delivered until all have been taken, executed and delivered.” 

  
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 7. Closing Payment Shares. Section 2.3(a) of the
Acquisition Agreement shall be amended and restated in its entirety to read as follows: 
 “(a) Closing Payment Shares. On the
Closing Date, Purchaser shall issue to each Shareholder such Shareholder’s Percentage Interest of the Closing Payment Shares; provided, however, that in the case of the Minority Shareholders, Purchaser shall reserve for issuance
and holdback (the “Argentina Holdback”) from such Minority Shareholders an aggregate amount of Closing Payment Shares equal to the Argentina Holdback Amount (the “Argentina Holdback Shares”), which shall reduce the
number of Closing Payment Shares received by each Minority Shareholder based upon their respective MS Percentage Interest of the aggregate Argentina Holdback Shares.” 

8. Argentina Holdback. A new Section 2.3(d) shall be added to the Acquisition Agreement as follows: 

(d) Argentina Holdback. On the Closing Date, Purchaser shall reserve for issuance to the Minority Shareholders (or Fairfax Parties, as
applicable pursuant to Schedule 10.4), but holdback from issuance, the Argentina Holdback Shares, to be held by Purchaser in the Argentina Holdback on the terms and subject to the conditions of this Agreement. Unless and until issued and
delivered to the applicable Shareholder(s) in accordance with this Agreement, the Argentina Holdback Shares subject to the Argentina Holdback shall not be, and shall not be deemed to be, issued to any Shareholder, and will not entitle any
Shareholder the right to vote or to any rights of a stockholder of Purchaser with respect to such Argentina Holdback Shares. 
 9.
Argentina Cash. A new Section 2.4(f) shall be added to the Acquisition Agreement as follows (and the existing Section 2.4(f) shall be re-lettered so
as to be Section 2.4(g)): 
 (f) Argentina Cash. 

(i) During the period beginning on the Closing Date and ending on the date that is seventy-five (75) days after the
Closing Date, Purchaser shall use its commercially reasonable efforts to convert and repatriate the Argentina Cash to US Dollars in a US Account using the most economic means (taking into account the applicable exchange rate and any changes to
costs, fees or expenses to the Company and its Subsidiaries of such means) available therefor, including executing one or more Blue Chip Swap transactions in accordance with Section 2.4(f)(ii); provided, that such
transaction is compliant with all applicable Law. 
 (ii) Prior to executing on any Blue Chip Swap transaction or other
repatriation or conversion of the Argentina Cash, the Company shall provide notice by email to the Seller Representative setting out the proposed exchange rate (or a range within which the exchange rate is expected to fall) and the amount of
Argentina Cash the Company intends to sell pursuant to such transaction. The Seller Representative shall have the right to consent (not to be unreasonably withheld or delayed) to any such Blue Chip Swap or other exchange transaction prior to its
execution. 
 (iii) If all or any portion of the Argentina Cash has not been repatriated to a US Account as of the date that
is seventy-five (75) days after the Closing Date, Purchaser shall thereafter (within ten (10) Business Days) cause the Company or its applicable Subsidiary to deliver to Seller Representative, by wire transfer of immediately available
funds to a bank account designated by Seller Representative in Argentina or such other jurisdiction as may be permitted by applicable Law, all such remaining Argentina Cash, which Seller Representative shall pay to Shareholders (less applicable
transaction costs, fees and expenses) in accordance with their respective Percentage Interests at such time and in such manner as Seller Representative determines in its sole discretion 

  
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to be most economic to Shareholders; provided, that no Fairfax Party shall be entitled to receive an amount of Argentina Cash pursuant to this clause (iii) which exceeds such
Fairfax Party’s tax cost of its Company Shares (and any such excess may be reallocated by Seller Representative to other Fairfax Parties or otherwise be paid to other Persons as may be directed by Seller Representative). 

(iv) During the period beginning on the Closing Date and ending on the date that is seventy-five (75) days after the
Closing Date, Purchaser shall cause APR Argentina to not withdraw any Argentina Cash from the Argentina Cash Account except as provided for in this Section 2.4(f). 

10. Argentina Revenue Covenant. A new Section 6.22 shall be added to the Acquisition Agreement as follows:

 Section 6.22 Argentina Revenue. Purchaser shall cause the Company to utilize Restricted Pesos received by APR Argentina under
the Turbine Contracts to pay Argentina Opex as and when due. 
 11. Alternative Conversion Repatriation Covenant. A new
Section 6.23 shall be added to the Acquisition Agreement as follows: 
 Section 6.23 Alternative Conversion
and Repatriation; Amendments to Turbine Contracts. 
 (a) From the Closing Date until the Argentina Termination Date, the
Parties will make good faith efforts toward exploring the most economic means (taking into account the applicable exchange rate and any changes to costs, fees or expenses to the Company and its Subsidiaries of such means) of converting and
repatriating all Restricted Pesos to US Dollars in US Accounts, provided that any such alternatives are compliant with all applicable Law; provided, further that if Seller Representative demonstrates to Purchaser’s
satisfaction (in Purchaser’s reasonable discretion) that (A) the Company can convert and repatriate payments received in Argentinian Pesos under the Turbine Contracts to US Dollars into a Company bank account in the United States (a
“US Account”) (1) within two (2) Business Days after receipt of such payment by APR Argentina; and (2) in a manner that results in receipt in such US Account of an amount of US Dollars without a discount to the amount of
the payment translated from Argentinian Pesos into US Dollars using the Central Bank Rate as of the date of such conversion and repatriation to such US Account, less ordinary bank fees; and (B) such manner of repatriation is consistent and
sustainable in compliance with all applicable Laws, then the “Argentina Termination Condition” shall be deemed to have occurred. Upon request by Seller Representative from time to time, Purchaser shall indicate in good faith by
notice delivered to Seller Representative in accordance with Section 12.3 of this Agreement whether Purchaser is satisfied in its reasonable discretion that the Argentina Termination Condition has occurred. 

(b) If Purchaser wishes to amend or modify any Argentina Contract during the Argentina Restricted Repatriation Period
(including for any Government Imposed Amendment), Purchaser may provide written notice to the Seller Representative of the proposed terms of such amendment or modification, and from and after receipt of such notice and throughout the Turbine
Contract Amendment Negotiation Period (as hereinafter defined), Purchaser and the Seller Representative shall act reasonably and discuss in good faith modifications (if any) required to Section 10.4 and Schedule 10.4
that would ensure that the expected liability of Sellers under Section 10.4 and Schedule 10.4 with respect to such Turbine Contract, after giving effect to such amendment, would not exceed in any respect the
liability of Sellers thereunder in the absence of such amendment. Such discussions shall continue until the earlier to occur of (i) the date that is ninety (90) days after the date of the notice described in the foregoing sentence; and
(ii) the date upon which a Restricted Peso Obligation Amendment is executed (such period, the “Turbine  

  
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Contract Amendment Negotiation Period”). If Seller Representative and Purchaser mutually agree to modify the terms of Section 10.4 and Schedule 10.4
in light of such proposed amendment or modification to the applicable Turbine Contract, then such modification to Section 10.4 and Schedule 10.4 shall be effectuated pursuant to a written “Restricted Peso
Obligation Amendment” executed by the Seller Representative (on behalf of Sellers) and Purchaser. For the avoidance of doubt, the Seller Representative shall be obligated to act reasonably and in good faith but shall not be obligated to
enter into any Restricted Peso Obligation Amendment that increases (or would reasonably be expected to increase) in any respect the liability of Sellers hereunder or otherwise adversely affects the indemnification obligations of Sellers hereunder.

 (c) In the case of any Government Imposed Amendment that increases or would reasonably be expected to increase the
liability of Sellers or adversely affect their indemnification obligations in any respect (including any modification of payment terms or amounts thereunder that increase the amount or accelerates the timing of payments during the Argentina
Restricted Repatriation Period), such Argentina Contract shall not cease to be a Turbine Contract as of the expiration of the Turbine Contract Amendment Negotiation Period applicable to such Government Imposed Amendment even if a Restricted Peso
Obligation Amendment has not been entered into as of such date; provided, that (i) Sellers’ liability under Section 10.4 and Schedule 10.4 with respect to such Turbine Contract, after giving effect
to such Government Imposed Amendment, shall not exceed in any respect the liability that Sellers would have had thereunder in the absence of such Government Imposed Amendment and there shall be no other adverse effect on Sellers’
indemnification obligations in any respect resulting from such Government Imposed Amendment (and Section 10.4 and Schedule 10.4 shall be deemed to be modified accordingly); and (ii) any dispute regarding the
effectuation of the foregoing clause (i) shall be resolved pursuant to the dispute resolution mechanism set forth in Section 12.13 unless Purchaser and Sellers’ Representative mutually agree to submit such
dispute to the Independent Accountant in accordance with the terms and conditions set forth in Section 2.4(c) of the Acquisition Agreement, mutatis mutandis. 

12. Argentina Contracts. Section 8.2(g) of the Acquisition Agreement shall be amended and restated in its
entirety to read as follows: 
 “(g) Argentina Contracts. (i) No Argentina Contract shall have been amended, modified,
terminated or otherwise changed in any material respect, including with respect to the use of any exchange rate other than that provided for in Communication A 3500, nor shall have the Company or any of its Subsidiaries waived any material rights in
respect thereof and the counterparty to the Argentina Contracts shall not be more than twenty (20) days delinquent in any payment obligation which is not disputed by such counterparty; and (ii) neither the Company nor any of its
Subsidiaries nor the other party(ies) thereto shall be in breach, violation or default under any of the Argentina Contracts in any material respect. For the avoidance of doubt, any adverse changes to the Company’s ability to convert and
repatriate payments received in Argentinian Pesos under the Argentina Contracts to US Dollars will not constitute an amendment, modification, termination or other change to the Argentina Contracts for purposes of this
Section 8.2(g).” 
 13. Survival of Sellers’ Argentina Shortfall Obligation. A new
Section 10.1(e) shall be added to the Acquisition Agreement as follows: 
 (e) The obligations of Sellers set forth
in Sections 10.4 shall survive the Closing and expire upon the Argentina Termination Date. The term “Argentina Termination Date” means the earlier to occur of: 

(i) April 30, 2022; 

  
 8 

 (ii) the date on which the Argentina Termination Condition has occurred as
confirmed by Purchaser by notice delivered to the Seller Representative; and 
 (iii) the date upon which the sum of the
following amounts equals or exceeds $110,000,000: 
 (A) the aggregate amount of US Dollars resulting from the conversion
and repatriation of Restricted Pesos on or prior to such date in accordance with this Agreement; plus 
 (B) the
aggregate amount of (x) payments actually made by the Minority Shareholders, collectively, in respect of Shortfalls or BCU USD Wires pursuant to Schedule 10.4; and (y) the aggregate amount applied to reduce Adjusted Minority
Shareholders’ Aggregate Shortfall Amounts pursuant to clause (ii) of the definition thereof (i.e., in respect of Unapplied Accrued Argentina Holdback Dividends), in each case on or prior to such date; plus 

(C) the RP Common Shares Value of the Argentina Holdback Shares actually forfeited by such Minority Shareholder out of the
Argentina Holdback pursuant to Section 1(b)(ii)(A) of Schedule 10.4, or purchased by the Fairfax Parties pursuant to Section 1(b)(ii)(B) of Schedule 10.4, in each case on or prior to
such date; plus 
 (D) the aggregate amount of payments made by the Fairfax Parties pursuant to
Section 1(b)(i) of Schedule 10.4 and Section 3 of Schedule 10.4. 
 14.
Sellers’ Argentina Shortfall Obligation. A new Section 10.4 shall be added to the Acquisition Agreement as follows (and all cross-references to Sections of Article X following
Section 10.4 shall be updated so as to continue to refer to the proper section): 
 Section 10.4 Sellers’
Argentina Shortfall Obligation. From and after the Closing, if there is a Shortfall in any Quarter (or portion thereof), Purchaser shall be entitled to indemnification from Sellers for such Shortfall solely on the terms and subject to the
conditions of Schedule 10.4. 
 15. Limitations on Liability. The first sentence of
Section 10.5(a) of the Acquisition Agreement (which will be re-numbered as Section 10.6(a) in accordance with Paragraph 14 of this Amendment) shall be
amended and restated in its entirety to read as follows: 
 “(a) Notwithstanding anything to the contrary in this Agreement or any right
or remedy available under any Law, the aggregate Liability of: 
 (i) any Seller (other than the Fairfax Parties) under this
Article X, collectively, will not exceed an amount equal to the product of (A) the Deemed Purchaser Common Shares Value multiplied by (B)(1) the number of Final Purchaser Common Shares actually received by such Minority
Shareholder plus (2) the portion of the Argentina Holdback Amount allocable to such Seller based upon its MS Percentage Interest plus (3) the portion of the Aggregate Holdback Amount allocable to such Seller based upon its
Percentage Interest; and 

  
 9 

 (ii) the Fairfax Parties under this Article X, collectively, will not
exceed an amount equal to the product of (A) the Deemed Purchaser Common Shares Value multiplied by (B)(1) the number of Final Purchaser Common Shares actually received by the Fairfax Parties plus (2) the portion of the
Aggregate Holdback Amount allocable to the Fairfax Parties based upon their collective Percentage Interest.” 
 16. Sellers’
Argentina Reimbursement Mechanics. A new Section 10.6(i) shall be added to the Acquisition Agreement as follows: 

(i) Notwithstanding anything else in this Agreement to the contrary, the satisfaction of Sellers’ obligations arising pursuant to
Section 10.4 shall be administered in accordance with the terms and conditions set forth on Schedule 10.4 to this Agreement. 

17. Argentina Indemnity Cap. A new Section 10.6(j) shall be added to the Acquisition Agreement as follows:

 (j) Notwithstanding anything to the contrary in this Agreement, 

(i) the Minority Shareholders shall have no Liability pursuant to Section 10.4 except (x) from
and to the extent of the Argentina Holdback and (y) if elected by such Minority Shareholder in accordance with Section 1(c) or 3(c) of Schedule 10.4, to pay for such Minority Shareholder’s Percentage
Interest of Shortfalls or BCU USD Wires, respectively, that such Minority Shareholder has elected to pay in cash; provided, further, that the maximum aggregate liability of each Minority Shareholder pursuant to
Section 10.4 and Schedule 10.4 (calculated as the sum of any payments actually made by such Minority Shareholder in respect of Shortfalls or BCU USD Wires plus the RP Common Shares Value of the Argentina Holdback
Shares actually forfeited by such Minority Shareholder out of the Argentina Holdback plus such Minority Shareholder’s MS Percentage Interest of amounts applied to reduce Adjusted Minority Shareholders’ Aggregate Shortfall Amounts pursuant
to clause (ii) of the definition thereof) shall not exceed such Minority Shareholder’s Percentage Interest of One Hundred Ten Million Dollars ($110,000,000); and 

(ii) the aggregate Liability of the Fairfax Parties under Sections 10.4 and Schedule 10.4 shall not exceed an
amount equal to (A) One Hundred Ten Million Dollars ($110,000,000) less (B) the sum of (x) the aggregate amount of payments actually made by the Minority Shareholders, collectively, in respect of Shortfalls or BCU USD Wires
pursuant to Schedule 10.4, (y) the RP Common Shares Value of the Argentina Holdback Shares actually forfeited by such Minority Shareholder out of the Argentina Holdback pursuant to Section 1(b)(ii)(A) of Schedule
10.4 and (z) amounts applied to reduce Adjusted Minority Shareholders’ Aggregate Shortfall Amounts pursuant to clause (ii) of the definition thereof. 

18. Miscellaneous Modifications to Percentage Interest Provisions. References to the terms “Seller” and “Seller’s
Percentage Interest” (or “their respective Percentage Interest” or similar connotation) shall be amended to be references to the terms “Shareholder” and “Shareholder’s Percentage Interest” (or similar
connotation) in the following provisions: 
 a. The definition of “Post-Closing Statement Components.” 

b. Section 2.4(d)(i) and the first sentence of Section 2.4(d)(ii). 

c. Section 2.4(e)(iii) and the first and second sentences of Section 2.4(e)(iv). 

d. Sections 10.5(b) and 10.5(c). 

  
 10 

 Additionally, the last sentence of Section 6.19(b) shall be deleted. 

19. Waiver of Argentina Repatriation Condition. Purchaser hereby irrevocably and unconditionally waives the condition to the obligation
of Purchaser to consummate the transactions contemplated by the Acquisition Agreement set forth in Section 8.2(f) of the Acquisition Agreement. In furtherance of the foregoing, any representations or covenants relating to
the ability of the Company and its Subsidiaries to convert and repatriate payments received in Argentinian Pesos following Closing under the Argentina Contracts is hereby waived by Purchaser, and any condition to the obligation of Purchaser to
consummate the transactions contemplated by the Acquisition Agreement relating to the foregoing (solely to the extent of the foregoing) is hereby waived. 

20. Effect of Stock Splits, Etc. In the event of any stock split, stock dividend, combination or other similar recapitalization with
respect to the Purchaser Common Shares, the amount of shares in the Holdback and the Argentina Holdback, and/or any price of the Purchaser Common Shares specified herein to the extent relevant to the number of shares to be released or forfeited from
the Holdback or the Argentina Holdback under Article X, shall be subject to appropriate adjustment. 
 21. Continuity of Terms.
Except as expressly amended hereby, all the other terms and provisions of the Acquisition Agreement shall remain in full force and effect. 

22. Effective Date. This Amendment and all amendments, modifications, restatements and supplements set forth herein shall be made
effective as of February __, 2020. 
 23. Termination. Notwithstanding anything to the contrary contained herein, if, prior to the
Closing Date, the Seller Representative demonstrates to Purchaser’s satisfaction (in Purchaser’s reasonable discretion) that (i)(A) the APR Argentina can convert and repatriate payments received in Argentinian Pesos under the Turbine
Contracts to a US Account within two (2) Business Days after receipt of such payment by APR Argentina; and (B) in a manner that results in receipt in such US Account of an amount of US Dollars without a discount to the amount of the
payment translated from Argentinian Pesos into US Dollars using the Central Bank Rate as of the date of such conversion and repatriation to such US Account, less ordinary bank fees; and (ii) such manner of repatriation is consistent and
sustainable in compliance with all applicable Laws, then this Amendment (other than the provisions of Paragraphs 1, 2, 3, 4, 6, 9, 18 and 19 hereof) shall be terminated pursuant to a written
confirmation of termination executed and delivered by Purchaser and the Seller Representative and shall be of no further force or effect (and, for the avoidance of doubt, Shareholders shall have no obligation in respect of any Shortfall from and
after the Closing Date and there shall be no Argentina Holdback). 
 24. Amendments. This Amendment may only be amended, modified, or
supplemented by an agreement in writing signed by the Company, Purchaser and the Seller Representative. No waiver by any Party of any of the provisions hereof shall be effective unless explicitly set forth in writing and signed by the Party so
waiving. No waiver by any Party shall operate or be construed as a waiver in respect of any failure, breach or default not expressly identified by such written waiver, whether of a similar or different character, and whether occurring before or
after that waiver. No failure to exercise, or delay in exercising, any right, remedy, power or privilege arising from this Agreement shall operate or be construed as a waiver thereof; nor shall any single or partial exercise of any right, remedy,
power, or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power, or privilege. 

25. Governing Law. Sections 12.12, 12.13 and, 12.14 of the Acquisition Agreement are hereby incorporated by
reference into this Amendment, mutatis mutandis. 

  
 11 

 26. Counterparts. This Amendment may be executed in two (2) or more
counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Counterparts may be delivered via facsimile, electronic mail (including pdf or any electronic signature complying with
the U.S. federal ESIGN Act of 2000, e.g., www.docusign.com) or other transmission method and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective for all purposes. 

[Signature Page Follows] 

  
 12 

 IN WITNESS WHEREOF, the Parties have executed this Amendment as of the date first set forth
above. 
  

			
	COMPANY:
	
	APPLE BIDCO LIMITED
		
	By:	 	 /s/ Pieter A. Wernink

	Name: Pieter A. Wernink
	Title: Director
	
	PURCHASER:
	
	ATLAS CORP.
		
	By:	 	 /s/ Ryan Cameron Courson

	Name: Ryan Cameron Courson
	Title: Chief Financial Officer 
	
	SELLER REPRESENTATIVE:
	
	FAIRFAX FINANCIAL HOLDINGS LIMITED
		
	By:	 	 /s/ Peter Clarke

	Name: Peter Clarke
	Title: COO

 [Signature Page to Amendment and Waiver to Acquisition Agreement] 

 ACKNOWLEDGED AND AGREED: 
  

			
	SELLERS:
	
	FAIRFAX FINANCIAL HOLDINGS LIMITED
		
	By:	 	 /s/ Peter Clarke

	Name: Peter Clarke
	Title: COO
	
	FFHL GROUP LTD
		
	By:	 	 /s/ Prem Watsa 

	Name: Prem Watsa
	Title: Director
	
	ODYESSY REINSURANCE COMPANY, by its Investment Manager, Hamblin Watsa Investment Counsel Ltd.
		
	By:	 	 /s/ Peter Clarke

	Name: Peter Clarke
	Title: Senior Managing Director and Chief Risk Officer
	
	UNITED STATES FIRE INSURANCE COMPANY, by its Investment Manager, Hamblin Watsa Investment Counsel Ltd.
		
	By:	 	 /s/ Peter Clarke

	Name: Peter Clarke
	Title: Senior Managing Director and Chief Risk Officer
	
	TIG INSURANCE (BARBADOS) LIMITED, by its Investment Manager, Hamblin Watsa Investment Counsel Ltd.
		
	By:	 	 /s/ Peter Clarke

	Name: Peter Clarke
	Title: Senior Managing Director and Chief Risk Officer

 [Signature Page to Amendment and Waiver to Acquisition Agreement] 

			
	BRIT SYNDICATES LIMTED, by its Investment Manager, Hamblin Watsa Investment Counsel Ltd.
		
	By:	 	 /s/ Peter Clarke

	Name: Peter Clarke
	Title: Senior Managing Director and Chief Risk Officer
	
	ZENITH INSURANCE COMPANY, by its Investment Manager, Hamblin Watsa Investment Counsel Ltd.
		
	By:	 	 /s/ Peter Clarke

	Name: Peter Clarke
	Title: Senior Managing Director and Chief Risk Officer
	
	WENTWORTH INSURANCE COMPANY LIMITED, by its Investment Manager, Hamblin Watsa Investment Counsel Ltd.
		
	By:	 	 /s/ Peter Clarke

	Name: Peter Clarke
	Title: Senior Managing Director and Chief Risk Officer
	
	ALLIED WORLD ASSURANCE COMPANY, LTD, by its Investment Manager, Hamblin Watsa Investment Counsel Ltd.
		
	By:	 	 /s/ Peter Clarke

	Name: Peter Clarke
	Title: Senior Managing Director and Chief Risk Officer
	
	ALLIED WORLD SPECIALTY INSURANCE COMPANY, by its Investment Manager, Hamblin Watsa Investment Counsel Ltd.
		
	By:	 	 /s/ Peter Clarke

	Name: Peter Clarke
	Title: Senior Managing Director and Chief Risk Officer
	
	RIVERSTONE INSURANCE (UK) LIMITED, by its Investment Manager, Hamblin Watsa Investment Counsel Ltd.
		
	By:	 	 /s/ Peter Clarke

	Name: Peter Clarke
	Title: Senior Managing Director and Chief Risk Officer

 [Signature Page to Amendment and Waiver to Acquisition Agreement] 

			
	TIG INSURANCE COMPANY, by its Investment Manager, Hamblin Watsa Investment Counsel Ltd.
		
	By:	 	 /s/ Peter Clarke

	Name:	 	Peter Clarke
	Title:	 	Senior Managing Director and Chief Risk Officer
	
	NEWLINE CORPORATE NAME LIMITED, by its Investment Manager, Hamblin Watsa Investment Counsel Ltd.
		
	By:	 	 /s/ Peter Clarke

	Name:	 	Peter Clarke
	Title:	 	Senior Managing Director and Chief Risk Officer
	
	RIVERSTONE CORPORATE CAPITAL LIMITED, by its Investment Manager, Hamblin Watsa Investment Counsel Ltd.
		
	By:	 	 /s/ Peter Clarke

	Name:	 	Peter Clarke
	Title:	 	Senior Managing Director and Chief Risk Officer
	
	BRIT REINSURANCE (BERMUDA) LIMITED, by its Investment Manager, Hamblin Watsa Investment Counsel Ltd.
		
	By:	 	 /s/ Peter Clarke

	Name:	 	Peter Clarke
	Title:	 	Senior Managing Director and Chief Risk Officer
	
	ALLIED WORLD INSURANCE COMPANY, by its Investment Manager, Hamblin Watsa Investment Counsel Ltd.
		
	By:	 	 /s/ Peter Clarke

	Name:	 	Peter Clarke
	Title:	 	Senior Managing Director and Chief Risk Officer
	
	FAIRFAX (BARBADOS) INTERNATIONAL CORP., by its Investment Manager, Hamblin Watsa Investment Counsel Ltd.
		
	By:	 	 /s/ Peter Clarke

	Name:	 	Peter Clarke
	Title:	 	Senior Managing Director and Chief Risk Officer

 [Signature Page to Amendment and Waiver to Acquisition Agreement] 

			
	ACM ENERGY HOLDINGS I, LTD
		
	By:	 	 /s/ Gregory B. Bowes

	Name:	 	Gregory B. Bowes
	Title:	 	Director
	
	ACM APPLE HOLDINGS I, L.P.
		
	By:	 	 /s/ Gregory B. Bowes

	Name:	 	Gregory B. Bowes
	Title:	 	Managing Principal of General Partner
	
	JCLA CAYMAN LIMITED
		
	By:	 	 /s/ Robert Udell

	Name:	 	Robert Udell
	Title:	 	CFO and Authorized Officer

 [Signature Page to Amendment and Waiver to Acquisition Agreement] 

			
	SEASPAN:
	
	SEASPAN CORPORATION
		
	By:	 	 /s/ Ryan Cameron Courson

	Name:	 	Ryan Cameron Courson
	Title:	 	Chief Financial Officer

 [Signature Page to Amendment and Waiver to Acquisition Agreement]

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