Document:

EX-10.21

 Exhibit 10.21 

FIRST AMENDMENT TO LOAN AND SECURITY AGREEMENT 

THIS FIRST AMENDMENT to Loan and Security Agreement (this “Amendment”) is entered into as of 3/12/2021 (the "First
Amendment Effective Date”), by and between Silicon Valley Bank (“Bank”) and Fast Radius, Inc., a Delaware corporation (the “Borrower”) whose address is 113 N May St., Chicago, IL 60607. 

RECITALS 

A. Bank and Borrower have entered into that certain Loan and Security Agreement dated as December 29, 2020 (as the same may from
time to time be amended, modified, supplemented or restated, the “Loan Agreement”). Bank has extended credit to Borrower for the purposes permitted in the Loan Agreement. 

B. Borrower has requested that Bank amend the Loan Agreement to (i) increase the Term Loan Amount, (ii) revise the
availability, interest rate and repayment of the Second Tranche, and (iii) make certain other revisions to the Loan Agreement as more fully set forth herein. Bank has agreed to do so, subject to the conditions and in reliance upon the
representations and warranties set forth below. 
 AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing recitals and other good and
valuable consideration, the receipt and adequacy of which is hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows: 

1. Definitions. Capitalized terms used but not defined in this Amendment shall have the meanings given to them in the Loan
Agreement. 
 2. Amendments to Loan Agreement. 

2.1 Section 2.1.1 (Term Loans). Section 2.1.1 of the Loan Agreement is hereby amended to read
in its entirety as follows: 
 2.1.1 Term Loans. 

(a) Availability. Subject to the terms and conditions of this Agreement: (i) Bank agrees to lend to Borrower from
time to time on or before the Term Loan Availability End Date, advances (each a “Term Loan” and collectively the “Term Loans”) in an aggregate original principal amount not to exceed the Term Loan Amount;
(ii) Term Loans (other than the Second Tranche) in an aggregate original principal amount up to Five Million Dollars ($5,000,000) shall be available from the Effective Date through the Term Loan Availability End Date (the “First
Tranche”); (iii) Term Loans (other than the First Tranche) in an aggregate original principal amount up to Five Million Dollars ($5,000,000) shall be available through the Term Loan Availability End Date, but if, and only after, the Second
Tranche Condition has occurred (the “Second Tranche”); and (iv) each Term Loan in the Second Tranche shall be in an original principal amount of at least Seven Hundred Fifty Thousand Dollars ($750,000). The “Second
Tranche Condition” means Borrower has presented to Bank evidence satisfactory to Bank in good faith that both of the following have occurred: (i) Borrower has signed a mutually exclusive letter of intent to be acquired by a special
purpose acquisition company (SPAC) on commercially reasonable terms, and (ii) Borrower has received, after the First Amendment Effective Date, at least Five Million Dollars ($5,000,000) cash proceeds from Borrower’s sale of its capital
stock or issuance of unsecured convertible Subordinated Debt. When repaid, the Term Loans may not be re-borrowed. Bank’s obligation to lend hereunder shall terminate on the applicable Term Loan
Availability End Date. 

  
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 (b) Repayment. For each Term Loan: (i) Borrower shall make
monthly payments of interest only commencing on the first day of the month following the month in which its Funding Date occurs with respect to such Term Loan and continuing thereafter on the first day of each successive calendar month through
December 31, 2021, (ii) commencing on January 1, 2022, and continuing thereafter on the first day of each successive calendar month through its Term Loan Maturity Date (each a “Term Loan Payment Date”), Borrower shall make
thirty-six (36) monthly payments of equal principal, plus accrued interest, which would fully amortize such Term Loan, and (iii) all unpaid principal and accrued and unpaid interest is due and
payable in full on its Term Loan Maturity Date. The Term Loans may only be prepaid in accordance with the provisions set forth below. 

(c) Final Payment. On the Term Loan Maturity Date with respect to the Term Loans in the First Tranche, Borrower shall
pay, in addition to the outstanding principal, accrued and unpaid interest with respect to such Term Loans, and all other amounts due under this Agreement on such date with respect to such Term Loans, an amount equal to the Final Payment. 

(d) Mandatory Prepayment upon an Acceleration. If the Term Loans are accelerated following the occurrence of an Event of
Default that is continuing, Borrower shall immediately pay to Bank an amount equal to the sum of: (i) all outstanding principal plus accrued interest with respect to the Term Loans, (ii) the Final Payment, (iii) the Prepayment Fee (if
due hereunder), plus (iv) all other sums, if any, that shall have become due and payable under this Agreement, including interest at the Default Rate with respect to any past due amounts. 

(e) Permitted Prepayment of Term Loans. Borrower shall have the option to prepay all, but not less than all, of the Term
Loans advanced by Bank under this Agreement, provided Borrower (i) provides written notice to Bank of its election to prepay Term Loans at least five (5) Business Days prior to such prepayment, and (ii) pays, on the date of such
prepayment (A) all outstanding principal plus accrued interest with respect to the Term Loans, (B) the Final Payment, (C) the Prepayment Fee (if due hereunder), plus (D) all other sums, if any, that shall have become due and
payable under this Agreement, including interest at the Default Rate with respect to any past due amounts. 
 2.2 Section 2.3(a)(i)
(Interest Rate; Term Loans). Section 2.3(a) of the Loan Agreement is hereby amended to read in its entirety as follows: 

(i) Term Loans. Subject to Section 2.3(b), the principal amount outstanding under each Term Loan in the First Tranche shall accrue
interest, which interest shall be payable monthly, at a floating per annum rate equal to the greater of: (i) one percentage point (1.00%) below the Prime Rate, or (ii) two and one-quarter percent
(2.25%). Subject to Section 2.3(b), the principal amount outstanding under each Term Loan in the Second Tranche shall accrue interest, which interest shall be payable monthly, at a floating per annum rate equal to four and one-quarter percent (4.25%) above the Prime Rate. 
 2.3 Section 2.4(d) (Fees). A new
Section 2.4(d) is added to the Loan Agreement which reads in its entirety as follows: 
 (d) Prepayment Fee.
Borrower shall pay to Bank the Prepayment Fee if and when due hereunder. 
 2.4 Section 13 (Definitions). 

(a) The following terms and their respective definitions set forth in Section 13.1 are amended in their
entirety and replaced with the following: 
 “A&R Warrant” means that certain Amended and Restated Warrant to Purchase
Common Stock dated the First Amendment Effective Date executed by Borrower and SVB Financial Group. 
 “Final Payment” is,
for each of the Term Loans in the First Tranche, a payment (in addition to and not a substitution for the regular monthly payments of principal plus accrued interest) due on the earlier of (a) its Term Loan Maturity Date or (b) the
prepayment or acceleration of such Term Loan, in each case, in accordance with and subject to the terms and conditions of this Agreement, equal to the original principal amount of such Term Loan multiplied by four and
one-half percent (4.50%). There is no Final Payment for the Term Loans in the Second Tranche. 

  
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 “Term Loan Amount” is an amount equal to Ten Million Dollars ($10,000,000).

 “Term Loan Availability End Date” is: (i) for the First Tranche, July 31, 2021, and (ii) for the Second
Tranche, September 30, 2021. 
 “Warrant” is, individually and collectively, is that certain Warrant to Purchase Common
Stock dated as of the Effective Date executed by Borrower in favor of Bank, as amended and restated by the A&R Warrant, and the First Amendment Warrant. 

(b) The following terms and their respective definitions are added in Section 13.1 in proper alphabetical
order: 
 “First Amendment” is the First Amendment to Loan and Security Agreement by and between Bank and Borrower. 

“First Amendment Effective Date” is defined in the First Amendment. 

“First Amendment Warrant” is that certain Warrant to Purchase Common Stock dated the First Amendment Effective Date executed
by Borrower in favor of Bank. 
 “Prepayment Fee” shall be an amount equal to: (i) one percent (1.00%) of the Term Loan
Amount ($10,000,000) if the prepayment date is on or before the first anniversary of the First Amendment Effective Date, and (ii) $0 if the prepayment date is after the first anniversary of the First Amendment Effective Date. 

3. Limitation of Amendments. 

3.1 The amendments set forth in Section 2 above are effective for the purposes set forth herein and shall be
limited precisely as written and shall not be deemed to (a) be a consent to any amendment, waiver or modification of any other term or condition of any Loan Document, or (b) otherwise prejudice any right or remedy which Bank may now have
or may have in the future under or in connection with any Loan Document. 
 3.2 This Amendment shall be construed in connection with
and as part of the Loan Documents and all terms, conditions, representations, warranties, covenants and agreements set forth in the Loan Documents, except as herein amended, are hereby ratified and confirmed and shall remain in full force and
effect. 
 4. Representations and Warranties. To induce Bank to enter into this Amendment, Borrower hereby represents and
warrants to Bank as follows: 
 4.1 Immediately after giving effect to this Amendment (a) the representations and warranties
contained in the Loan Documents are true, accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to an earlier date, in which case they are true and correct as of such
date), and (b) no Event of Default has occurred and is continuing; 
 4.2 Borrower has the power and authority to execute and
deliver this Amendment and to perform its obligations under the Loan Agreement, as amended by this Amendment, the A&R Warrant and the First Amendment Warrant; 

4.3 The organizational documents of Borrower delivered to Bank on the Effective Date remain true, accurate and complete and have not
been amended, supplemented or restated and are and continue to be in full force and effect; 

  
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 4.4 The execution and delivery by Borrower of this Amendment, the A&R Warrant and
the First Amendment Warrant and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, the A&R Warrant and the First Amendment Warrant have been duly authorized; 

4.5 The execution and delivery by Borrower of this Amendment, the A&R Warrant and the First Amendment Warrant and the performance by
Borrower of its obligations under the Loan Agreement, as amended by this Amendment, the A&R Warrant and the First Amendment Warrant, do not and will not contravene (a) any law or regulation binding on or affecting Borrower, (b) any
contractual restriction with a Person binding on Borrower, (c) any order, judgment or decree of any court or other governmental or public body or authority, or subdivision thereof, binding on Borrower, or (d) the organizational documents of
Borrower; 
 4.6 The execution and delivery by Borrower of this Amendment, the A&R Warrant and the First Amendment Warrant and the
performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, the A&R Warrant and the First Amendment Warrant, do not require any order, consent, approval, license, authorization or validation of, or filing,
recording or registration with, or exemption by any governmental or public body or authority, or subdivision thereof, binding on either Borrower, except as already has been obtained or made; and 

4.7 Each of this Amendment, the A&R Warrant and the First Amendment Warrant has been duly executed and delivered by Borrower and is
the binding obligation of Borrower, enforceable against Borrower in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, liquidation, moratorium or other similar laws of general
application and equitable principles relating to or affecting creditors’ rights. 
 5. Bank Expenses. Borrower shall pay
to Bank all Bank Expenses incurred through and after the First Amendment Effective Date, when due (including reasonable attorneys’ fees and reasonable expenses for documentation and negotiation of this Amendment, the A&R Warrant and the
First Amendment Warrant which fees for the documentation and negotiation of this Amendment, the A&R Warrant and the First Amendment Warrant will not exceed Fifteen Thousand Dollars ($15,000) as of the First Amendment Effective Date so long as
there are reasonable negotiations). 
 6. Counterparts. This Amendment may be executed in any number of counterparts and all of
such counterparts taken together shall be deemed to constitute one and the same instrument. Section 12.11 of the Loan Agreement applies to this Amendment. 

7. Effectiveness. This Amendment shall be deemed effective as of the First Amendment Effective Date upon the occurrence of all of
the following: 
 7.1 the due execution and delivery to Bank of this Amendment by each party hereto; 

7.2 the due execution and delivery to Bank of the A&R Warrant by each party thereto; 

7.3 the due execution and delivery to Bank of the First Amendment Warrant by each party thereto; and 

7.4 the due execution and delivery to Bank of the Borrowing Resolutions in the form of Exhibit A attached hereto by Borrower. 

8. Amendments in Writing; Integration. This Amendment is a Loan Document. This Amendment and the Loan Documents represent the
entire agreement about this subject matter and supersede prior negotiations or agreements. All prior agreements, understandings, representations, warranties, and negotiations between the parties about the subject matter of this Amendment and the
Loan Documents merge into this Amendment and the Loan Documents. 

  
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 9. Governing Law; Venue. The provisions of Section 11 of the Loan Agreement
apply to this Amendment. 
 [Signature page follows.] 

  
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 IN WITNESS WHEREOF, the parties hereto
have caused this First Amendment to Loan and Security Agreement to be duly executed and delivered as of the date first written above. 
  

			
	BORROWER:
	
	FAST RADIUS, INC.
		
	By:	 	 /s/ Lou Rassey

	Name:	 	Lou Rassey
	Title:	 	CEO
	
	BANK:
	
	SILICON VALLEY BANK
		
	By:	 	 /s/ Ryan Thompson

	Name:	 	Ryan Thompson
	Title:	 	Vice President II, Credit Solutions

  
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 EXHIBIT A 

CORPORATE BORROWING CERTIFICATE 
  

					
	BORROWER:	  	       Fast Radius, Inc.
	  	DATE:
                                         
                       
	BANK:	  	Silicon Valley Bank	  	

 I hereby certify as follows, as of the date set forth above: 

1. I am the Secretary, Assistant Secretary or other officer of the Borrower. My title is as set forth below. 

2. Borrower’s exact legal name is set forth above. Borrower is a corporation existing under the laws of the State of Delaware. 

3. Attached hereto as Exhibit A is a true, correct and complete copy of Borrower’s Certificate of Incorporation (including amendments), as filed with the
Secretary of State of the State of Delaware. Such Certificate of Incorporation has not been amended, annulled, rescinded, revoked or supplemented, and remains in full force and effect as of the date hereof. Attached hereto as Exhibit B is a true,
correct and complete copy of Borrower’s Bylaws (including amendments). 
 4. The following resolutions were duly and validly adopted by Borrower’s
Board of Directors, including the affirmative vote of the Series A Director, at a duly held meeting of such directors (or pursuant to a unanimous written consent or other authorized corporate action). Such resolutions are in full force and effect as
of the date hereof and have not been in any way modified, repealed, rescinded, amended or revoked, and Silicon Valley Bank (“Bank”) may rely on them until Bank receives written notice of revocation from Borrower. In addition, these
resolutions were approved by the requisite number of Borrower’s preferred stock, if required, as set forth in Borrower’s Certificate of Incorporation. Furthermore, any rights of first refusal and transfer restrictions under the
Company’s bylaws do not apply to the Warrant and its underlying shares, including without limitation, the transfer provisions of Sections 5.3 and 5.4 of the Warrant, because Borrower has obtained any necessary approvals and consent. 

RESOLVED, that any one of the following officers or employees of Borrower, whose names and titles are below, may
act on behalf of Borrower: 
  

					
	 	  	 	  	Authorized to Add or Remove
	 Name
	  	 Title
	  	 Signatories

			
	  
	  	  
	  	☐
			
	  
	  	  
	  	☐
			
	  
	  	  
	  	☐
			
	  
	  	  
	  	☐

  
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 RESOLVED FURTHER, that any one of the persons
designated above with a checked box beside his or her name may, from time to time, add or remove any individuals to and from the above list of persons authorized to act on behalf of Borrower. 

RESOLVED FURTHER, that such individuals may, on behalf of Borrower: 

Borrow Money. Borrow money from Silicon Valley Bank (“Bank”). 

Execute Loan Documents. Execute any loan documents Bank requires. 

Grant Security. Grant Bank a security interest in any of Borrower’s assets. 

Negotiate Items. Negotiate or discount all drafts, trade acceptances, promissory notes, or other indebtedness in which Borrower has an
interest and receive cash or otherwise use the proceeds. 
 Letters of Credit. Apply for letters of credit from Bank. 

Foreign Exchange Contracts. Execute spot or forward foreign exchange contracts. 

Issue Warrants. Issue warrants for Borrower’s capital stock. 

Further Acts. Designate other individuals to request advances, pay fees and costs and execute other documents or agreements (including
documents or agreement that waive Borrowers right to a jury trial) they believe to be necessary to effectuate such resolutions. 

RESOLVED FURTHER, that all acts authorized by the above resolutions and any prior acts relating thereto
are ratified. 
 5. The persons listed above are Borrower’s officers or employees with their titles shown next to their names. 

6. On behalf of Borrower, I agree to execute this letter by electronic means and I recognize and accept the use of electronic signatures and
records by any other party or addressee hereto in connection with the execution and storage hereof. 
  

			
	By:	 	              

	Name:	 	  

	Title:	 	  

  

	***	 If the Secretary, Assistant Secretary or other certifying officer executing above is designated by the
resolutions set forth in paragraph 4 as one of the authorized signing officers, this Certificate must also be signed by a second authorized officer or director of Borrower. 

I, the
                                         
        of Borrower, hereby certify as to paragraphs 1 through 5 above, as of the date set forth above. 

                        
        [print title] 
  

			
	By:	 	
                 

	Name:	 	  

	Title:	 	  

  
 8EX-10.22

 Exhibit 10.22 

FAST RADIUS, INC. 

NOTICE OF GRANT OF RESTRICTED STOCK UNITS 

(U.S. Participants) 
 Fast Radius, Inc., a
Delaware corporation (the “Company”), has granted to the Participant an award (the “Award”) of certain units pursuant to the Fast Radius, Inc. 2022 Equity Incentive Plan
(the “Plan”), each of which represents the right to receive on the applicable Settlement Date one (1) share of Stock, as follows: 
  

					
	Participant:	  	 

                          
                      
	  	Employee
ID:                                        
                        
			
	Date of Grant:	  	                                     
           	  	
		
	Total Number of Units:	  	                                   
     (each a “Unit”), subject to adjustment as provided by the Restricted Stock Units Agreement.
		
	Settlement Date:	  	Except as provided by the Restricted Stock Units Agreement, the date on which a Unit becomes a Vested Unit.
			
	Vesting Start Date:	  	                                     
           	  	
		
	Vested Units:	  	Except as provided in the Restricted Stock Units Agreement and provided that the Participant’s Service has not terminated prior to the applicable date, the number of Vested Units (disregarding any resulting
fractional Unit) shall cumulatively increase on each respective date set forth below by the Vested Ratio set forth opposite such date, as follows:
			
	 	  	Vesting Date	  	Vested Ratio
		
	Superseding Agreement:	  	None.

 By their signatures below or by electronic acceptance or authentication in a form authorized by the Company, the Company and
the Participant agree that the Award is governed by this Grant Notice and by the provisions of the Restricted Stock Units Agreement and the Plan, both of which are made a part of this document, and by the Superseding Agreement, if any. The
Participant acknowledges that copies of the Plan, the Restricted Stock Units Agreement and the prospectus for the Plan are available on the Company’s internal web site and may be viewed and printed by the Participant for attachment to the
Participant’s copy of this Grant Notice. The Participant represents that the Participant has read and is familiar with the provisions of the Restricted Stock Units Agreement and the Plan, and hereby accepts the Award subject to all of their
terms and conditions. 
  

									
	 FAST RADIUS, INC.
	 		 		 	PARTICIPANT
	By:	 	 	 		 		 	
		 	[Officer Name]	 		 		 	Signature
		 	[Officer Title]	 		 		 	
	 	 	 	 	 	 	 	 	Date
	 Address:
	 		 		 	
	 	 	 	 	 	 	 	 	 Address

 

 ATTACHMENTS: 2022 Equity Incentive Plan, as amended, Restricted Stock Units Agreement, and Plan Prospectus 

 FAST RADIUS, INC. 

RESTRICTED STOCK UNITS AGREEMENT 

(U.S. Participants) 
 Fast
Radius, Inc., a Delaware corporation (the “Company”), has granted to the Participant named in the Notice of Grant of Restricted Stock Units (the “Grant Notice”) to which this
Restricted Stock Units Agreement (the “Agreement”) is attached an Award consisting of Restricted Stock Units (each a “Unit”) subject to the terms and conditions set forth in
the Grant Notice and this Agreement. The Award has been granted pursuant to and shall in all respects be subject to the terms and conditions of the Fast Radius, Inc. 2022 Equity Incentive Plan (the “Plan”), as
amended, the provisions of which are incorporated herein by reference. By signing the Grant Notice, the Participant: (a) acknowledges receipt of and represents that the Participant has read and is familiar with the Grant Notice, this Agreement,
the Plan and a prospectus for the Plan prepared in connection with the registration with the Securities and Exchange Commission of the shares issuable pursuant to the Award (the “Plan Prospectus”),
(b) accepts the Award subject to all of the terms and conditions of the Grant Notice, this Agreement and the Plan and (c) agrees to accept as binding, conclusive and final all decisions or interpretations of the Committee upon any
questions arising under the Grant Notice, this Agreement or the Plan. 
  

	 	1.	 DEFINITIONS AND CONSTRUCTION.

 1.1 Definitions. Unless otherwise defined herein, capitalized terms shall have the meanings
assigned to such terms in the Grant Notice or the Plan. 
 1.2 Construction. Captions and titles contained herein are
for convenience only and shall not affect the meaning or interpretation of any provision of this Agreement. Except when otherwise indicated by the context, the singular shall include the plural and the plural shall include the singular. Use of the
term “or” is not intended to be exclusive, unless the context clearly requires otherwise. 
  

	 	2.	 ADMINISTRATION. 

All questions of interpretation concerning the Grant Notice, this Agreement, the Plan or any other form of agreement or other document employed
by the Company in the administration of the Plan or the Award shall be determined by the Committee. All such determinations by the Committee shall be final, binding and conclusive upon all persons having an interest in the Award, unless fraudulent
or made in bad faith. Any and all actions, decisions and determinations taken or made by the Committee in the exercise of its discretion pursuant to the Plan or the Award or other agreement thereunder (other than determining questions of
interpretation pursuant to the preceding sentence) shall be final, binding and conclusive upon all persons having an interest in the Award. Any Officer shall have the authority to act on behalf of the Company with respect to any matter, right,
obligation, or election which is the responsibility of or which is allocated to the Company herein, provided the Officer has apparent authority with respect to such matter, right, obligation, or election. 

	 	3.	 THE AWARD. 

3.1 Grant of Units. On the Date of Grant, the Participant shall acquire, subject to the provisions of this Agreement, the Total Number
of Units set forth in the Grant Notice, subject to adjustment as provided in Section 9. Each Unit represents a right to receive on a date determined in accordance with the Grant Notice and this Agreement one (1) share of Stock. 

3.2 No Monetary Payment Required. The Participant is not required to make any monetary payment (other than applicable tax withholding,
if any) as a condition to receiving the Units or shares of Stock issued upon settlement of the Units, the consideration for which shall be past services actually rendered or future services to be rendered to a Participating Company or for its
benefit. Notwithstanding the foregoing, if required by applicable law, the Participant shall furnish consideration in the form of cash or past services rendered to a Participating Company or for its benefit having a value not less than the par value
of the shares of Stock issued upon settlement of the Units. 
  

	 	4.	 VESTING OF UNITS.

 Units acquired pursuant to this Agreement shall become Vested Units as provided in the Grant Notice. 

 

	 	5.	 COMPANY REACQUISITION RIGHT.

 5.1 Grant of Company Reacquisition Right. Except to the extent otherwise provided by the Superseding
Agreement, if any, in the event that the Participant’s Service terminates for any reason or no reason, with or without cause, the Participant shall forfeit and the Company shall automatically reacquire all Units which are not, as of the time of
such termination, Vested Units (“Unvested Units”), and the Participant shall not be entitled to any payment therefor (the “Company Reacquisition Right”). 

5.2 Ownership Change Event, Non-Cash Dividends, Distributions and Adjustments.
Upon the occurrence of an Ownership Change Event, a dividend or distribution to the stockholders of the Company paid in shares of Stock or other property, or any other adjustment upon a change in the capital structure of the Company as described in
Section 9, any and all new, substituted or additional securities or other property (other than regular, periodic cash dividends paid on Stock pursuant to the Company’s dividend policy) to which the Participant is entitled by reason of the
Participant’s ownership of Unvested Units shall be immediately subject to the Company Reacquisition Right and included in the terms “Units” and “Unvested Units” for all purposes of the Company Reacquisition Right with the
same force and effect as the Unvested Units immediately prior to the Ownership Change Event, dividend, distribution or adjustment, as the case may be. For purposes of determining the number of Vested Units following an Ownership Change Event,
dividend, distribution or adjustment, credited Service shall include all Service with any corporation which is a Participating Company at the time the Service is rendered, whether or not such corporation is a Participating Company both before and
after any such event. 

  
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	 	6.	 SETTLEMENT OF THE
AWARD. 

 6.1 Issuance of Shares of
Stock. Subject to the provisions of Section 6.3, the Company shall issue to the Participant within 30 days of the Settlement Date with respect to each Vested Unit to be settled on such date one (1) share of Stock. The
Settlement Date with respect to a Unit shall be the date on which such Unit becomes a Vested Unit as provided by the Grant Notice (an “Original Settlement Date”); provided, however, that if the tax withholding
obligations of a Participating Company, if any, will not be satisfied by the share withholding method described in Section 7.3 and the Original Settlement Date would occur on a date on which a sale by the Participant of the shares to be issued
in settlement of the Vested Units would violate the Trading Compliance Policy of the Company, then the Settlement Date for such Vested Units shall be deferred until the next day on which the sale of such shares would not violate the Trading
Compliance Policy, but in any event shall be on or before the last day of the calendar year that includes the Original Settlement Date; provided, however that if such later Settlement Date is permitted without triggering adverse tax consequences
under Section 409A of the Code the Settlement Date may occur not later than the 15th day of the third calendar month following calendar year of the Original Settlement Date. Shares of Stock issued in settlement of Units shall not be subject to
any restriction on transfer other than any such restriction as may be required pursuant to Section 6.3, Section 7 or the Company’s Trading Compliance Policy. 

6.2 Beneficial Ownership of Shares; Certificate Registration. The Participant hereby authorizes the Company, in its sole
discretion, to deposit any or all shares acquired by the Participant pursuant to the settlement of the Award with the Company’s transfer agent, including any successor transfer agent, to be held in book entry form, or to deposit such shares for
the benefit of the Participant with any broker with which the Participant has an account relationship of which the Company has notice. Except as provided by the foregoing, a certificate for the shares acquired by the Participant shall be registered
in the name of the Participant, or, if applicable, in the names of the heirs of the Participant. 
 6.3 Restrictions on Grant of the
Award and Issuance of Shares. The grant of the Award and issuance of shares of Stock upon settlement of the Award shall be subject to compliance with all applicable requirements of federal, state or foreign law with respect to such
securities. No shares of Stock may be issued hereunder if the issuance of such shares would constitute a violation of any applicable federal, state or foreign securities laws or other law or regulations or the requirements of any stock exchange or
market system upon which the Stock may then be listed. The inability of the Company to obtain from any regulatory body having jurisdiction the authority, if any, deemed by the Company’s legal counsel to be necessary to the lawful issuance of
any shares subject to the Award shall relieve the Company of any liability in respect of the failure to issue such shares as to which such requisite authority shall not have been obtained. As a condition to the settlement of the Award, the Company
may require the Participant to satisfy any qualifications that may be necessary or appropriate, to evidence compliance with any applicable law or regulation and to make any representation or warranty with respect thereto as may be requested by the
Company. 
 6.4 Fractional Shares. The Company shall not be required to issue fractional shares upon the settlement of
the Award. 

  
 3 

	 	7.	 TAX WITHHOLDING.

 7.1 In General. At the time the Grant Notice is executed, or at any time thereafter as requested by a
Participating Company, the Participant hereby authorizes withholding from payroll and any other amounts payable to the Participant, and otherwise agrees to make adequate provision for, any sums required to satisfy the federal, state, local and
foreign tax (including any social insurance) withholding obligations of the Participating Company, if any, which arise in connection with the Award, the vesting of Units or the issuance of shares of Stock in settlement thereof. The Company shall
have no obligation to deliver shares of Stock until the tax withholding obligations of the Participating Company have been satisfied by the Participant. 

7.2 Assignment of Sale Proceeds. Subject to compliance with applicable law and the Company’s Trading Compliance Policy, if
permitted by the Company, the Participant may satisfy the Participating Company’s tax withholding obligations in accordance with procedures established by the Company providing for delivery by the Participant to the Company or a broker approved
by the Company of properly executed instructions, in a form approved by the Company, providing for the assignment to the Company of the proceeds of a sale with respect to some or all of the shares being acquired upon settlement of Units. 

7.3 Withholding in Shares. The Company shall have the right, but not the obligation, to require the Participant to satisfy all or any
portion of a Participating Company’s tax withholding obligations by deducting from the shares of Stock otherwise deliverable to the Participant in settlement of the Award a number of whole shares having a fair market value, as determined by the
Company as of the date on which the tax withholding obligations arise, not in excess of the amount of such tax withholding obligations determined by the applicable minimum statutory withholding rates if required to avoid liability classification of
the Award under generally accepted accounting principles in the United States. Any determination by the Company with respect to whether to permit the withholding of shares of Stock to satisfy the tax withholding obligation shall be made by the
Committee if the Participant is subject to Section 16 of the Exchange Act. 
  

	 	8.	 EFFECT OF CHANGE IN
CONTROL. 

 In the event of a Change in
Control, the Award shall be subject to and treated as set forth in Section 13 of the Plan. 
  

	 	9.	 ADJUSTMENTS FOR CHANGES IN
CAPITAL STRUCTURE. 

 The Award shall be subject to and
treated as set forth in Section 4.3 of the Plan. 
  

	 	10.	 RIGHTS AS A STOCKHOLDER,
DIRECTOR, EMPLOYEE OR CONSULTANT. 

The Participant shall have no rights as a stockholder with respect to any shares which may be issued in settlement of this Award until the date
of the issuance of such shares (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company). No adjustment shall be made for dividends, distributions or other rights for which the record
date is prior to the date the shares are issued, except as provided in Section 9. If the Participant is an Employee, the Participant understands and acknowledges that, except as 

  
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otherwise provided in a separate, written employment agreement between a Participating Company and the Participant, the Participant’s employment is “at will” and is for no
specified term. Nothing in this Agreement shall confer upon the Participant any right to continue in the Service of a Participating Company or interfere in any way with any right of the Participating Company Group to terminate the Participant’s
Service at any time. 
  

	 	11.	 LEGENDS. 

The Company may at any time place legends referencing any applicable federal, state or foreign securities law restrictions on all certificates
representing shares of stock issued pursuant to this Agreement. The Participant shall, at the request of the Company, promptly present to the Company any and all certificates representing shares acquired pursuant to this Award in the possession of
the Participant in order to carry out the provisions of this Section. 
  

	 	12.	 COMPLIANCE WITH
SECTION 409A. 

 It is intended that any election, payment
or benefit which is made or provided pursuant to or in connection with this Award that may result in Section 409A Deferred Compensation shall comply in all respects with the applicable requirements of Section 409A (including applicable
regulations or other administrative guidance thereunder, as determined by the Committee in good faith) to avoid the unfavorable tax consequences provided therein for non-compliance. In connection with
effecting compliance with or an exemption from Section 409A, the following shall apply: 
 12.1 Separation from Service; Required
Delay in Payment to Specified Employee. Notwithstanding anything set forth herein to the contrary, no amount payable pursuant to this Agreement on account of the Participant’s termination of Service which constitutes Section 409A
Deferred Compensation shall be paid unless and until the Participant has incurred a “separation from service” within the meaning of the Treasury Regulations issued pursuant to Section 409A of the Code (the
“Section 409A Regulations”). Furthermore, to the extent that the Participant is a “specified employee” within the meaning of the Section 409A Regulations as of the
date of the Participant’s separation from service, no Section 409A Deferred Compensation which is payable on account of the Participant’s separation from service shall be paid to the Participant before the date (the
“Delayed Payment Date”) which is first day of the seventh month after the date of the Participant’s separation from service or, if earlier, the date of the Participant’s death following such separation
from service. All such amounts that would, but for this Section, become payable prior to the Delayed Payment Date will be accumulated and paid on the Delayed Payment Date. 

12.2 Other Changes in Time of Payment. Neither the Participant nor the Company shall take any action to accelerate or delay the payment
of any benefits under this Agreement in any manner which would not be in compliance with the Section 409A Regulations. 
 12.3
Installment Payments. It is the intent that any right of Participant to receive installment payments (within the meaning of Section 409A) with respect to the Units subject to this Agreement shall, for all purposes of Section 409A,
be treated as a right to a series of separate payments. 

  
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 12.4 Amendments to Comply with Section 409A; Indemnification.
Notwithstanding any other provision of this Agreement to the contrary, the Company is authorized to amend this Agreement, to void or amend any election made by the Participant under this Agreement and/or to delay the payment of any monies and/or
provision of any benefits in such manner as may be determined by the Company, in its discretion, to be necessary or appropriate to comply with or be exempt from the Section 409A Regulations without prior notice to or consent of the Participant.
The Participant hereby releases and holds harmless the Company, its directors, officers and stockholders from any and all claims that may arise from or relate to any tax liability, penalties, interest, costs, fees or other liability incurred by the
Participant in connection with the Award, including as a result of the application of Section 409A. 
 12.5 Advice of Independent
Tax Advisor. The Company has not obtained a tax ruling or other confirmation from the Internal Revenue Service with regard to the application of Section 409A to the Award, and the Company does not represent or warrant that this Agreement
will avoid adverse tax consequences to the Participant, including as a result of the application of Section 409A to the Award. The Participant hereby acknowledges that he or she has been advised to seek the advice of his or her own independent
tax advisor prior to entering into this Agreement and is not relying upon any representations of the Company or any of its agents as to the effect of or the advisability of entering into this Agreement. 

 

	 	13.	 MISCELLANEOUS PROVISIONS. 

13.1 Termination or Amendment. The Committee may terminate or amend the Plan or this Agreement at any time; provided, however, that
except as provided in Section 8 in connection with a Change in Control, no such termination or amendment may have a materially adverse effect on the Participant’s rights under this Agreement without the consent of the Participant unless
such termination or amendment is necessary to comply with applicable law or government regulation, including, but not limited to, Section 409A. No amendment or addition to this Agreement shall be effective unless in writing. 

13.2 Nontransferability of the Award. Prior to the issuance of shares of Stock on the applicable Settlement Date, neither this Award
nor any Units subject to this Award shall be subject in any manner to anticipation, alienation, sale, exchange, transfer, assignment, pledge, encumbrance, or garnishment by creditors of the Participant or the Participant’s beneficiary, except
transfer by will or by the laws of descent and distribution. All rights with respect to the Award shall be exercisable during the Participant’s lifetime only by the Participant or the Participant’s guardian or legal representative. 

13.3 Further Instruments. The parties hereto agree to execute such further instruments and to take such further action as may
reasonably be necessary to carry out the intent of this Agreement. 
 13.4 Binding Effect. This Agreement shall inure to the benefit
of the successors and assigns of the Company and, subject to the restrictions on transfer set forth herein, be binding upon the Participant and the Participant’s heirs, executors, administrators, successors and assigns. 

  
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 13.5 Delivery of Documents and Notices. Any document relating to participation in the
Plan or any notice required or permitted hereunder shall be given in writing and shall be deemed effectively given (except to the extent that this Agreement provides for effectiveness only upon actual receipt of such notice) upon personal delivery,
electronic delivery at the e-mail address, if any, provided for the Participant by a Participating Company, or upon deposit in the U.S. Post Office or foreign postal service, by registered or certified mail,
or with a nationally recognized overnight courier service, with postage and fees prepaid, addressed to the other party at the address of such party set forth in the Grant Notice or at such other address as such party may designate in writing from
time to time to the other party. 
 (a) Description of Electronic Delivery and Signature. The Plan documents,
which may include but do not necessarily include: the Plan, the Grant Notice, this Agreement, the Plan Prospectus, and any reports of the Company provided generally to the Company’s stockholders, may be delivered to the Participant
electronically. In addition, if permitted by the Company, the Participant may deliver electronically the Grant Notice to the Company or to such third party involved in administering the Plan as the Company may designate from time to time. Such means
of electronic delivery may include but do not necessarily include the delivery of a link to a Company intranet or the Internet site of a third party involved in administering the Plan, the delivery of the document via
e-mail or such other means of electronic delivery specified by the Company. Any and all such documents and notices may be electronically signed. 

(b) Consent to Electronic Delivery and Signature. The Participant acknowledges that the Participant has read
Section 13.5(a) of this Agreement and consents to the electronic delivery of the Plan documents and, if permitted by the Company, the delivery of the Grant Notice, as described in Section 13.5(a). The Participant agrees that any and all
such documents requiring a signature may be electronically signed and that such electronic signature shall have the same effect as handwritten signature for the purposes of validity, enforceability and admissibility. The Participant acknowledges
that he or she may receive from the Company a paper copy of any documents delivered electronically at no cost to the Participant by contacting the Company by telephone or in writing. The Participant further acknowledges that the Participant will be
provided with a paper copy of any documents if the attempted electronic delivery of such documents fails. Similarly, the Participant understands that the Participant must provide the Company or any designated third party administrator with a paper
copy of any documents if the attempted electronic delivery of such documents fails. The Participant may revoke his or her consent to the electronic delivery of documents described in Section 13.5(a) or may change the electronic mail address to
which such documents are to be delivered (if Participant has provided an electronic mail address) at any time by notifying the Company of such revoked consent or revised e-mail address by telephone, postal
service or electronic mail. Finally, the Participant understands that he or she is not required to consent to electronic delivery of documents described in Section 13.5(a). 

13.6 Integrated Agreement. The Grant Notice, this Agreement and the Plan, together with the Superseding Agreement, if any, shall
constitute the entire understanding and agreement of the Participant and the Participating Company Group with respect to the subject matter contained herein or therein and supersede any prior agreements, understandings, restrictions,
representations, or warranties among the Participant and the Participating Company Group with respect to such subject matter. To the extent contemplated herein or therein, the provisions of the Grant Notice, this Agreement and the Plan shall survive
any settlement of the Award and shall remain in full force and effect. 

  
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 13.7 Applicable Law. This Agreement shall be governed by the laws of the State of
Delaware as such laws are applied to agreements between Delaware residents entered into and to be performed entirely within the State of Delaware. 

13.8 Counterparts. The Grant Notice may be executed in counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument. 

  
 8

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