Document:

Exhibit 10.20

      

       

          

      SERIES B CONVERTIBLE PREFERRED STOCK PURCHASE AGREEMENT

      

      

      This SERIES B CONVERTIBLE PREFERRED STOCK PURCHASE AGREEMENT (this “Agreement”), dated as of May 17, 2019, is entered into by and between NextDecade Corporation, a Delaware corporation (“NextDecade”
          or the “Company”), and each of the parties set forth on the signature pages hereto under the heading “Purchasers” (the “Purchasers”).  NextDecade and the Purchasers are referred to herein individually as a “Party”
          and collectively as the “Parties.”

      

      

      RECITALS:

      

      

      WHEREAS, the Company has commenced a
            convertible preferred equity and warrant offering (the “Series B Preferred Equity Offering”), pursuant to which the Company has offered the Purchasers an opportunity to purchase shares of Series B Preferred Stock (as defined herein), together with certain associated Warrants (as defined herein), substantially
            on the terms and conditions set forth in the Certificate of Designations of Series B Convertible Preferred Stock of NextDecade Corporation attached to this Agreement as Exhibit C (the “Certificate of Designation”); and

      

      

      WHEREAS, the Company desires to sell to the Purchasers, and the Purchasers desire to purchase from the Company, Series B
          Preferred Stock, together with associated Warrants, as more fully set forth herein.

      

      

      NOW, THEREFORE, in consideration of the premises and the mutual agreements contained herein, and for other good and
          valuable consideration the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:

      

      

      Section 1. DEFINITIONS. 

          As used in this Agreement, the following terms shall have the following meanings:

      

      

      “Addendum” has the meaning
          assigned to it in Section 10.9.

      

      

      “Affiliate” means, with
          respect to any specified Person, any other Person that directly, or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with, such specified Person.

      

      

      “Agreement” has the meaning assigned to it in the preamble hereto; it includes the Exhibits and Schedules
            hereto.

      

      

      “Assumption Agreement” has
          the meaning assigned to it in Section 10.9.

      

      

      “Business Day” means any day
          that is not a Saturday, a Sunday or other day on which banks are required or authorized by Law to be closed in the City of New York.

      

      

      “Certificate of Designations”
          has the meaning assigned to it in the Recitals hereto.

      

      

      “Charter Documents” means,
          collectively, the certificate of incorporation, articles of incorporation, bylaws, certificate of designations or board resolutions establishing the terms of any security, certificate of formation, operating agreement, limited liability company
          agreement and similar formation or organizational documents of any entity.

      

      

      “Closing” has the meaning
          assigned to it in Section 2.4.

      

      

      “Closing Actions” has the meaning assigned to it in Section 2.6.

      

      

      “Closing Date” means May 24,
          2019.

      

      

      
        
          

      

      
      “Code” means the Internal
          Revenue Code of 1986.

      

      

      “Common Stock” means the
          common stock of the Company, $0.0001 par value.

      

      

      “Company” has the meaning
          assigned to it in the preamble hereto.

      

      

      “Company Benefit Plan” means each (i) “employee benefit plan” within the meaning of Section 3(3) of ERISA,
            (ii) other benefit and compensation plan, contract, policy, program,  practice, arrangement or agreement, including, but not limited to, pension, profit-sharing,  savings, termination, executive compensation, phantom stock, change-in-control,
            retention,  salary continuation, vacation, sick leave, disability, death benefit, insurance, hospitalization,  medical, dental, life (including all individual life insurance policies as to which the Company or its Subsidiaries are the owners,
            the beneficiaries, or both), employee loan, educational assistance,  fringe benefit, deferred compensation, retirement or post-retirement, severance, equity or equity-based, incentive and bonus plan, contract, policy, program, practice,
            arrangement or agreement,  and (iii) other employment, consulting or other individual agreement, plan, practice, policy,  contract, program, and arrangement, in each case, (x) which is sponsored or maintained by the  Company or any of its ERISA
            Affiliates in respect of any current or former employees, directors,  independent contractors, consultants or leased employees of the Company or any of its  Subsidiaries or (y) with respect to which the Company or any of its Subsidiaries has
            any actual or potential liability.

      

      

      “Control” (including the
          terms “control” “controlled by” and “under common control with”), with respect to the relationship between or among two or more Persons, means the possession, directly or indirectly or as trustee, personal
          representative or executor, of the power to direct or cause the direction of the affairs, policies or management of a Person, whether through the ownership of voting securities, as trustee, personal representative or executor, by contract, credit
          arrangement or otherwise.

      

      

      “Encumbrance” means any
          security interest, pledge, mortgage, lien, claim, option, charge, restriction or encumbrance.

      

      

      “Environmental Claim” means
          any claim, action, cause of action, suit, proceeding, investigation, Order, demand or notice by any Person alleging liability (including liability for investigatory costs, cleanup costs, governmental response costs, natural resources damages,
          property damages, personal injuries, attorneys’ fees, fines or penalties) arising out of, based on, resulting from or relating to (a) the presence or Release of, or exposure to, any  Hazardous Materials; (b) circumstances forming the basis of any
          violation, or alleged violation, of any Environmental Law; or (c) any other matters covered or regulated by, or for which liability is imposed under, Environmental Laws.

      

      

      “Environmental Laws” means
          all applicable Laws relating to pollution, the protection, restoration or remediation of or prevention of harm to the environment or natural resources (including plant and animal species), or the protection of human health and safety, including
          Laws relating to: (i) the exposure to, or Releases or threatened Releases of, Hazardous Materials; (ii) the generation, manufacture, processing, distribution, use, treatment, containment, disposal, storage, transport or handling of Hazardous
          Materials; or (iii) recordkeeping, notification, disclosure and reporting requirements respecting Hazardous Materials

      

      

      “ERISA” means the Employee
          Retirement Income Security Act of 1974, as amended.

      

      

      “ERISA Affiliate” means any
          Person (whether or not incorporated) that together with the Company or any of its Subsidiaries is treated as a single employer within the meaning of Section 414 of the Code.

      

      

      
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      “Exchange Act” means the
          Securities Exchange Act of 1934, as amended from time to time, and the rules and regulations promulgated thereunder, or any successor statute.

      

      

      “Final Order” means a final, nonappealable Order of a court of competent jurisdiction.

      

      

      “Fundamental Representations”
          means (i) with respect to the Company, those representations and warranties of the Company set forth in Sections 3.1 (Organization and Qualification; Subsidiaries), 3.2 (Authorization; Enforcement; Validity), 3.3 (No Conflicts), 3.4 (Consents and Approvals), 3.5 (Capitalization) and 3.6 (Valid Issuance), and (ii) with respect to the Purchasers, those representations and warranties of the Purchasers set forth in Sections 4.1
          (Organization and Qualification), 4.2 (Authorization; Enforcement; Validity), 4.3 (No Conflicts) and 4.4 (Consents and Approvals).

      

      

      “Governmental Authority”
          means any federal, national, supranational, foreign, state, provincial, local, county, municipal or other government, any governmental, regulatory or administrative authority, agency, department, bureau, board, commission or official or any
          quasi-governmental or private body exercising any regulatory, taxing, importing or other governmental or quasi-governmental authority, or any court, tribunal, judicial or arbitral body, or any Self-Regulatory Organization.

      

      

      “Hazardous Materials” means:
          (a) any hazardous materials, hazardous wastes, hazardous substances, toxic wastes, solid wastes, and toxic substances as those or similar terms are defined under any Environmental Laws; (b) any asbestos or asbestos containing material; (c)
          polychlorinated biphenyls (“PCBs”), or PCB containing materials or fluids; (d) radon; (e) any petroleum, petroleum hydrocarbons, petroleum products, crude
          oil and any fractions or derivatives thereof; and (f) any other substance, material, chemical, waste, pollutant, or contaminant that, whether by its nature or its use, or exposure to is subject to regulation or could give rise to liability under
          any Laws relating to pollution, waste, human health and safety, or the environment.

      

      

      “Indemnified Party” means the
          Purchasers, each of their Affiliates, and each of their respective directors, managers, officers, principals, partners, members, equity holders (regardless of whether such interests are held directly or indirectly), trustees, controlling persons,
          predecessors, successors and assigns, Subsidiaries, employees, agents, advisors, attorneys and representatives.

      

      

      “Insolvency Event” means,
          with respect to any Person, the occurrence of any of the following:

      

      

      (a) such Person shall (A) (i) voluntarily commence any proceeding or file any petition seeking relief under Title 11 of
          the United States Code, Sections 101 et. seq. (the “Bankruptcy Code”) or any other federal, state or foreign bankruptcy, insolvency, liquidation or similar
          Law, (ii) consent to the institution of, or fail to contravene in a timely and appropriate manner, any such proceeding or the filing of any such petition, (iii) apply for or consent to the appointment of a receiver, trustee, custodian,
          sequestrator or similar official for such Person or for a substantial part of its property or assets, (iv) file an answer admitting the material allegations of a petition filed against it in any such proceeding, (v) make a general assignment for
          the benefit of creditors or (vi) take any action for the purpose of effecting any of the foregoing or (B) such Person shall become unable, admit in writing its inability or fail generally to pay its debts as they become due; or

      

      

      (b) an involuntary proceeding shall be commenced or an involuntary petition shall be filed seeking (A) relief in respect
          of such Person or of a substantial part of the property or assets of such Person, under the Bankruptcy Code or any other federal, state or foreign bankruptcy, insolvency, receivership or similar Law, (B) the appointment of a receiver, trustee,
          custodian, sequestrator or similar official for such Person or for a substantial part of the property of such Person or (C) the winding-up or liquidation of such Person; and such proceeding or petition shall continue undismissed for sixty (60)
          days or an order or decree approving or ordering any of the foregoing shall have been entered.

      

      

      
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      “Intellectual Property” means
          the following intellectual property rights, both statutory and common law rights, if applicable: (a) copyrights and registrations and applications for registration thereof, (b) trademarks, service marks, trade names, slogans, domain names, logos,
          trade dress, and registrations and applications for registrations thereof, (c) patents, as well as any reissued and reexamined patents and extensions thereto, and any patent applications, continuations, continuations in part and divisional
          applications and patents issuing therefrom, and (d) trade secrets and confidential information, including ideas, designs, concepts, compilations of information, methods, techniques, procedures, processes and other know-how, whether or not
          patentable.

      

      

      “Knowledge” means with
          respect to the Company, the actual knowledge after due inquiry of the persons set forth on Schedule 1.1(a).

      

      

      “Law” means any federal,
          national, supranational, foreign, state, provincial, local, county, municipal or similar statute, law, common law, guideline, policy, ordinance, regulation, rule, code, constitution, treaty, requirement, judgment or judicial or administrative
          doctrines enacted, promulgated, issued, enforced or entered by any Governmental Authority.

      

      

      “Material Adverse Effect”
          means any effect, change, event, occurrence, development, or state of facts that, individually or in the aggregate with all other such effects, changes, events, occurrences, developments, or states of fact, (A) has had, or would reasonably be
          expected to have, a material adverse effect on the business, assets, liabilities, condition (financial or otherwise), or results of operations of the Company and its Subsidiaries, taken as a whole or (B) would, or would reasonably be expected to,
          prevent or materially impair the ability of the Company to consummate the transactions contemplated by this Agreement, but expressly excluding in

          the case of the foregoing clause (A) any such effect, change, event, occurrence, development, or state of facts, either alone or in combination, to the extent arising out of or resulting from:

      

      

      (a)  
                the execution or delivery of this Agreement, the consummation of the transactions contemplated by this Agreement or the public announcement or other publicity with respect to any of the foregoing; provided, however, that the exception set forth in this clause (a) shall not apply to the representations and warranties set forth in clauses (b) and (c) of Section 3.3 or to the representations and warranties set forth in Section 3.4;

      

      

      (b)        

          general economic conditions (or changes in such conditions) in the United States or conditions in the global economy generally that do not affect the Company and its Subsidiaries, taken as a whole, disproportionately as compared to other
          similarly situated participants in the liquefied natural gas export industry (in which case only such disproportionate impact shall be considered);

      

      

      (c)
                     changes in the trading price or trading volume of the Common Stock.

      

      

      (d)
                    conditions (or changes in such conditions) generally affecting the liquefied natural gas export industry that do not affect the Company and its Subsidiaries, taken as a whole, disproportionately as compared to other similarly
          situated participants in the liquefied natural gas export industry (in which case only such disproportionate impact shall be considered);

      

      

      (e) 
                   conditions (or changes in such conditions) in the financial markets, credit markets or capital markets in the United States or any other country or region, including (i) changes in interest rates in the United States or any other country and changes in exchange rates for the currencies of any countries or (ii) any suspension of trading in securities (whether equity,
          debt, derivative or hybrid securities) generally (other than a suspension of the trading of the Company’s Common Stock, which constitutes a Material Adverse Effect, provided such suspension is not part of a broader suspension of securities) on
          any securities exchange or over-the-counter market operating in the United States or any other country or region in each case, that do not affect the Company as a whole disproportionately as compared to other similarly situated participants in
          the liquefied natural gas export industry (in which case only such disproportionate impact shall be considered);

      

      

      
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      (f) 
                    any actions taken or omitted to be taken at the written request or with the written consent of the Purchasers; or

      

      

      (g) 
                   any changes in any Laws or any accounting regulations or principles that do not affect the Company, taken as a whole, disproportionately as compared to other similarly situated participants in the liquefied natural gas export
          industry (in which case only such disproportionate impact shall be considered).

      

      

      Notwithstanding any provision of the preceding sentence to the contrary, the occurrence of an Insolvency Event in respect of the Company or
          any Subsidiary of the Company shall be deemed to constitute a Material Adverse Effect.

      

      

      “Material Contracts” means
          all “material contracts” of the Company within the meaning of Item 601 of Regulation S-K of the SEC.

      

      

      “NextDecade” has the meaning
          assigned to it in the preamble hereto.

      

      

      “OFAC” means the Office of
          Foreign Assets Control of the U.S. Department of the Treasury.

      

      

      “Offering Documents” means,
          collectively, all agreements, documents, or instruments related to or in connection with the Series B Preferred Equity Offering, including this Agreement and any other documents or exhibits related to or contemplated in the foregoing.

      

      

      “Order” means any order,
          writ, judgment, injunction, decree, ruling, directive, stipulation, determination or award made, issued or entered by or with any Governmental Authority, whether preliminary, interlocutory or final.

      

      

      “Party” or “Parties” has the meaning assigned to it in the preamble hereto.

      

      

      “Person” means any
          individual, partnership, firm, corporation, limited liability company, association, joint venture, trust, Governmental Authority, unincorporated organization or other entity, as well as any syndicate or group that would be deemed to be a person
          under Section 13(d)(3) of the Exchange Act.

      

      

      “Permits” means all permits,
          consents, approvals, registrations, licenses, authorizations, qualifications and filings with and under all federal, state, local or foreign Laws and Governmental Authorities.

      

      

      “Purchase Price” has the meaning assigned to it in Section 2.2.

      

      

      “Purchasers” has the meaning
          assigned to it in the preamble hereto.

      

      

      “Purchaser Default” means the
          failure by the Purchasers to deliver and pay the Purchase Price to be paid pursuant to this Agreement.

      

      

      “Purchaser Material Adverse Effect”
          means any event, circumstance, development, change or effect that, individually or in the aggregate with all other events, circumstances, developments, changes or effects, has or would reasonably be expected to prevent, materially delay or
          materially impair the ability of the Purchasers to consummate the transactions contemplated hereby.

      
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      “Purchaser Rights Agreement”
          means the Purchaser Rights Agreement, in substantially the form attached hereto as Exhibit G.

      

      

      “Purchaser Termination” means
          the termination of this Agreement by the Purchasers.

      

      

      “Purchaser Termination Event”
          has the meaning assigned to it in Section 8(a).

      

      

      “Registration Rights Agreement”
          means the Registration Rights Agreement, in substantially the form attached hereto as Exhibit F.

       

      

      “Release” means any release,
          spill, emission, discharge, leaking, pouring, dumping or emptying, pumping, injection, deposit, disposal, dispersal, leaching or migration into the indoor or outdoor environment (including, without limitation, soil, ambient air, surface water,
          groundwater and surface or subsurface strata) or into or out of any property, including the movement of Hazardous Materials through or in the air, soil, surface water, groundwater or property.

      

      

      “Sanctioned Person” means any
          Person that is the target of Sanctions, including, (a) any Person listed in any Sanctions related list of designated Persons maintained by OFAC or the U.S. Department of State, by the United Nations Security Council, the European Union or Her
          Majesty’s Treasury of the United Kingdom, (b) any Person located, organized or resident in a Sanctioned Territory, or (c) any Person directly or indirectly owned or controlled by any such Person or Persons described in the foregoing clauses (a)
          and (b).

      

      

      “Sanctions” means economic or
          financial sanctions or trade embargoes imposed, administered or enforced from time to time by relevant Governmental Authorities, including, but not limited those administered by the U.S. government through OFAC or the U.S. Department of State,
          the United Nations Security Council, the European Union or Her Majesty’s Treasury of the United Kingdom.

      

      

      “SEC” has the meaning
          assigned to it in Section 3.7(a).

      

      

      “SEC Reports” has the meaning
          assigned to it in Section 3.7(a).

      

      

      “Securities Act” means the
          Securities Act of 1933, as amended from time to time, and the rules and regulations promulgated thereunder, or any successor statute.

      

      

      “Self-Regulatory Organization”
          means any securities exchange, futures exchange, contract market, any other exchange or corporation or similar self-regulatory body or organization applicable to a Party to this Agreement.

      

      

      “Series B Preferred Equity Offering”
          has the meaning assigned to it in the Recitals hereto.

      

      

      “Series B Preferred Stock”
          means the Series B Convertible Preferred Stock of the Company (including any Series B Preferred Stock issued in respect of dividend payments thereon).

      

      

      “Subsidiary” means, with
          respect to any Person, any other Person of which the first Person owns, directly or indirectly, securities or other ownership interests having voting power to elect a majority of the board of directors or other Persons performing similar
          functions for such Person (or, if there are no such voting interests, more than 50% of the equity interests allowing for effective control of the second Person).

      

      

      “Survival Period” has the
          meaning assigned to it in Section 10.3.

      

      

      
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      “Tax” (and, with correlative
          meaning, “Taxes” and “Taxable”) means: (a) any taxes, customs, duties, charges, fees, levies, penalties or other assessments, fees and other governmental charges imposed by any Governmental Authority, including, but not limited to, income,
          profits, gross receipts, net proceeds, windfall profit, severance, property, personal property (tangible and intangible), production, sales, use, leasing or lease, license, excise, duty, franchise, capital stock, net worth, employment,
          occupation, payroll, withholding, social security (or similar), unemployment, disability, payroll, fuel, excess profits, occupational, premium, severance, estimated, alternative or add-on minimum, ad valorem, value added, turnover, transfer,
          stamp or environmental tax, or any other tax, custom, duty, fee, levy or other like assessment or charge of any kind whatsoever, together with any interest, penalty, addition to tax, or additional amount attributable thereto; and (b) any
          liability for the payment of amounts with respect to payment of a type described in clause (a), including (i) as a result of being a member of an affiliated, consolidated, combined or unitary group, (ii) as a result of succeeding to such
          liability as a result of merger, conversion or asset transfer or (iii) as a result of any obligation under any Tax sharing, Tax allocation, Tax indemnity, or similar agreement or arrangement.

      

      

      “Tax Representations” means
          those representations and warranties of the Company set forth in Section 3.19.

      

      

      “Tax Returns” means any
          return, report, statement, information return or other document (including any amendments thereto and any related or supporting information) filed or required to be filed with any Governmental Authority in connection with the determination,
          assessment, collection or administration of any Taxes or the administration of any laws, regulations or administrative requirements relating to any Taxes.

      

      

      “Treasury Regulations” means
          the regulations promulgated under the Code, by the United States Department of the Treasury, as such regulations may be amended from time to time.  All references herein to specific sections of the regulations shall be deemed also to refer to any
          corresponding provisions of succeeding regulations, and any reference to temporary regulations shall be deemed also to refer to any corresponding provisions of final regulations.

      

      

      “Warrants” means detached
          warrants in the form attached hereto as Exhibit D.

      

      

      Section 2.       AGREEMENT

              TO SELL AND PURCHASE.

      

      

      2.1         Sale and Purchase of Shares.  Subject to the terms of this Agreement, at the Closing, the Company hereby agrees to issue and sell to the Purchasers, and the
          Purchasers hereby agree, severally and not jointly, to purchase from the Company, an aggregate amount of 5,000 shares of Series B Preferred Stock, together with the associated Warrants, free and clear of all Encumbrances, in the amounts, with
          respect to each such Purchaser, set forth on Schedule A hereto.

      

      

      2.2         Purchase Price. The purchase price for the Series B Preferred Stock to be purchased by the Purchasers hereby shall be $1,000 per share (the “Purchase Price”) such that the aggregate purchase
            price to be paid by the Purchasers shall be $5,000,000.

       

      

      2.3        Origination Fee.  Subject to the terms of this Agreement, at the Closing, the Company hereby agrees to issue to the Purchasers 100 additional shares of Series
          B Preferred Stock (but excluding the associated Warrants), representing an origination fee in an aggregate amount equal to $100,000 or approximately two percent (2%) of the Purchase Price, free and clear of all Encumbrances, in the amounts, with
          respect to each such Purchaser, set forth on Schedule A hereto.

       

        

      
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      2.4       Closing.  Subject to the terms of this Agreement, the closing of the transactions contemplated hereby (the “Closing”) will occur on the Closing Date, unless otherwise agreed by the mutual consent of the Parties.  The Closing shall take place at the offices of NextDecade Corporation, 1000 Louisiana Street,
          Suite 3900, Houston, Texas 77002 or such other place as the Parties mutually agree.  The Parties agree that the Closing may occur via delivery of facsimiles or photocopies of the applicable Offering Documents. Unless otherwise provided 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.

      

      

      2.5         Rounding of Shares. The number of shares of Series B Preferred Stock issued to each Purchaser pursuant to the terms of this Agreement shall be rounded in
          accordance with the terms of the Certificate of Designations to avoid fractional shares.

      

      

      2.6         Actions at the Closing. At the Closing, each Purchaser and the Company (as
            applicable) shall take or cause to be taken the following actions (“Closing Actions”):

      

      

      (a) 
                    Payment of the Purchase Price.  Each Purchaser shall pay the
            applicable Purchase Price in respect of the shares purchased by such Purchaser pursuant to Section 2.1 to the Company by wire transfer of immediately available funds to the account specified by the Company to such Purchaser in writing not less than five (5) Business Days prior to the Closing.

      

      

      (b) 
                   Issuance of Series B Preferred Stock. The Company shall deliver to each Purchaser a true, correct and complete certificate, or other
          applicable evidence of ownership acceptable to the Purchasers, representing the shares of Series B Preferred Stock purchased by the Purchasers pursuant to this Section

              2, duly authorized by all requisite corporate action on the part of the Company, together with all instruments of transfer in respect of such Purchaser’s interests in such shares, and in the form required by the Certificate of
          Designation.

      

      

      (c) 
                    Warrants. The Company shall deliver to each Purchaser the Warrants, duly authorized by all requisite corporate action on the part of the
          Company, together with all instruments of transfer in respect of such Purchaser’s interests in such Warrants.

      

      

      (d)  

                  Purchaser Rights Agreement.  The Purchasers and the Company
            shall execute and deliver the Purchaser Rights Agreement.

      

      

      (e) 
                    Registration Rights Agreement.  The Purchasers and the Company shall execute and deliver the Registration Rights Agreement.

      

      

      2.7         Transfer Taxes.  All of the Series B Preferred Stock issued to the Purchasers pursuant to this Agreement will be delivered with any and all issue, stamp,
          transfer or similar taxes or duties payable in connection with such delivery duly paid by the Company.

      

      

      Section 3.      REPRESENTATIONS

              AND WARRANTIES OF THE COMPANY.  The Company hereby represents and warrants to each Purchaser as of the date hereof and, with respect to the Fundamental Representations, as of the date hereof and as of the Closing Date (except for
          representations and warranties that are made as of a specific date, which are made only as of such date), on behalf of itself and not any other Party, as follows:

      

      

      3.1        Organization and Qualification; Subsidiaries. The Company and each of its Subsidiaries has been duly organized and is validly existing and, except as would not
          reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, is in good standing under the laws of its jurisdictions of organization, with the requisite power and authority to own its properties and conduct its
          business as currently conducted.

      

      

      
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      3.2         Authorization; Enforcement; Validity.  The Company has all necessary corporate power and authority to enter into this Agreement and to carry out its
          obligations hereunder, including the issuance to the Purchasers of the Series B Preferred Stock and Warrants (and the Common Stock issuable upon the conversion or exercise of such Series B Preferred Stock and Warrants, as applicable) pursuant to
          Sections 2.1 and 2.3 of this Agreement.  The execution and
          delivery by the Company of this Agreement and the performance by the Company of its obligations hereunder, have been duly authorized by all requisite action on the part of the Company, and no other action on the part of the Company or any of its
          Subsidiaries is necessary to authorize the execution and delivery by the Company of this Agreement or the consummation of the transactions contemplated by this Agreement.  This Agreement has been duly executed and delivered by the Company, and
          assuming due authorization, execution and delivery by each Purchaser, this Agreement constitutes, as to each such Purchaser, the legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its terms,
          subject to bankruptcy, insolvency, reorganization, moratorium or similar Laws now or hereafter in effect relating to creditors’ rights generally and subject to general principles of equity.

      

      

      3.3         No Conflicts.  Assuming that all consents, approvals, authorizations and other actions described in Section 3.4 have been obtained, and except as may result from any facts or circumstances relating solely to a Purchaser, the execution, delivery and performance by the Company of this Agreement and the
          consummation of the transactions contemplated hereby do not and will not: (a) violate, conflict with or result in the breach of the Charter Documents of the Company or any of its Subsidiaries; (b) conflict with or violate any Law or Order
          applicable to the Company or any of its Subsidiaries, or any of its or their respective assets or properties; or (c) violate, conflict with, result in any breach of, constitute a default (or event which with the giving of notice or lapse of time,
          or both, would become a default) under, require any consent under, or give to others any rights of termination, amendment, acceleration, suspension, revocation or cancellation of, any note, bond, mortgage or indenture, contract, agreement, lease,
          sublease, license, permit, franchise or other instrument or arrangement to which the Company or any of its Subsidiaries is a party or to which any of their respective assets or properties are subject, or result in the creation of any Encumbrance
          on any of their respective assets or properties, except, in the case of clauses (b) and (c), for any such conflict, violation, breach or default that would not reasonably be expected to have, individually or in the aggregate, a Material Adverse
          Effect.

      

      

      3.4         Consents and Approvals.  The execution, delivery and performance by the Company of
            this Agreement do not require any consent, approval, authorization or other Order of, action by, filing with or notification to, any Governmental Authority or any other Person under any of the terms, conditions or provisions of any Law or Order
            applicable to the Company or any of its Subsidiaries or by which any of its or their assets or properties may be bound, any contract or agreement to which the Company or any of its Subsidiaries is a party or by which the Company or any of its
            Subsidiaries may be bound, except for any consent, approval, authorization or other Order of, action by, filing with or notification to, any Governmental Authority or any other Person under any of the terms, conditions or provisions of any Law
            or Order applicable to the Company or any of its Subsidiaries that, if not made or obtained, would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

      

      

      3.5         Capitalization.

      

      

      (a) 
                 As of the date of this Agreement, and immediately prior to the issuance and sale of the Series B Preferred Stock (including the associated Warrants), the capitalization of the Company and each of its Subsidiaries is set forth in Schedule 3.5(a).

      

      

      (b)  

                Except as set forth in Schedule 3.5(b), there are no outstanding options, warrants, “phantom” stock rights, claims, calls, puts, convertible
          or exchangeable securities or other contracts or rights of any nature obligating the Company or any of its Subsidiaries to issue, return, redeem, repurchase, transfer, deliver or sell equity interests or other securities or ownership interests in
          the Company or any of its Subsidiaries, and no Person is entitled to any preemptive or similar right with respect to the issuance of securities or other equity interests in the Company or any of its Subsidiaries.

      

      

      
        9

        
          

      

      (c) 
                 Except as set forth in Schedule 3.5(c), (x) to the Knowledge of the Company, there are no voting agreements, voting trusts, shareholder
          agreements, proxies or other similar agreements or understandings with respect to the equity interests of the Company or any of its Subsidiaries or that restrict or grant any right, preference or privilege with respect to the transfer of such
          equity interests, and (y) there are no contracts to declare, make or pay any dividends or distributions, whether current or accumulated, or due or payable, on the equity interests of the Company or any of its Subsidiaries.

      

      

      (d)  
                 Except as contemplated by Section 5.5(c), the Company has no authorized or outstanding class of equity securities ranking as to dividends,
          redemption or distribution of assets upon a liquidation senior to or pari passu with the Series B Preferred Stock or that would otherwise constitute “Senior Stock” (as defined in the Certificate of Designations) or “Parity Stock” (as defined in
          the Certificate of Designations).

      

      

      3.6         Valid Issuance.

      

      

      (a) 
                   Upon payment of the Purchase Price and the occurrence of the Closing, the Purchasers will be the owners, of record and beneficially, of 5,100 duly and validly issued, fully paid, and non-assessable shares of Series B Preferred
          Stock.  The Purchasers shall have good and valid title to such Series B Preferred Stock, free and clear of any Encumbrances.

      

      

      (b) 
                   Assuming the accuracy of each Purchaser’s representations and warranties set forth herein, the offer, sale and issuance of such Series B Preferred Stock
            as contemplated hereby are exempt from the registration and qualification of the Securities Act, and will be issued in compliance with all applicable federal and state securities and blue sky laws.  Neither the Company nor any Person acting on
            behalf of the Company has taken any action that would cause the loss of such exemption.

      

      

      3.7         SEC Reports; Financial Statements.

      

      

      (a) 
                  The Company has filed or furnished with the Securities and Exchange Commission (“SEC”) all forms, reports, schedules, proxy statements
          (collectively, and in each case including all exhibits and schedules thereto and documents incorporated by reference therein and including all registration statements and prospectuses filed with the SEC, the “SEC Reports”) required to be filed or furnished by the Company with the SEC since July 25, 2017.  As of its date of filing or furnishing, each SEC Report complied in all material
          respects with the requirements of the Exchange Act or the Securities Act, and none of such SEC Reports (including any and all financial statements included therein) contained when filed or furnished (except to the extent revised or superseded by
          a subsequent filing with the SEC that is publicly available prior to the date hereof) any untrue statement of a material fact or omitted or omits to state a material fact required to be stated therein or necessary to make the statements made
          therein, in light of the circumstances under which they were made, not misleading.

      

      

      (b) 
                  Each of the consolidated financial statements (including the notes thereto) included in the SEC Reports (i) complied as to form required by published rules and regulations of the SEC related thereto as of its date of filing with
          the SEC, (ii) complied in all material respects with applicable accounting requirements and the published rules and regulations of the SEC with respect thereto, (iii) has been prepared in accordance with GAAP applied on a consistent basis during
          the periods involved (except as may be indicated in the notes thereto or otherwise permitted by the SEC on Form 10-Q or any successor form under the Exchange Act) and (iv) presents fairly in all material respects the consolidated financial
          position of Company and its consolidated Subsidiaries as of the dates thereof and the consolidated results of their operations and cash flows for the periods then ended, subject (in the case of unaudited financial statements) to normal year-end
          adjustments and any other adjustments described therein or in the notes or schedules thereto or the absence of footnotes (none of which are material).

      

      

      
        10

        
          

      

      (c) 
                 The unaudited balance sheet and the related unaudited statement of operations and unaudited statement of cash flows for the Company’s most recently filed Quarterly Report on Form 10-Q as of the date of this Agreement (i) present
          fairly in all material respects the financial condition of the Company as of such date and the results of operations for the three (3) month period then ended and (ii) were prepared on a basis consistent with the Company’s past practice, subject
          to normal year-end adjustments and the absence of footnotes.

      

      

      3.8         Undisclosed Liabilities.  Except as set forth in Schedule 3.8, and except for liabilities included or reserved for in the unaudited consolidated balance sheet
          of the Company or disclosed in the notes thereto included in the Company’s most recently filed Quarterly Report on Form 10-Q as of the date of this Agreement, neither the Company nor any of its Subsidiaries has incurred liabilities, including
          contingent liabilities, or any other obligations of a nature required to be disclosed on a consolidated balance sheet or in the notes thereto, except liabilities that are not material and were incurred in the ordinary course of business
          subsequent to the date of the consolidated balance sheet contained in the Company’s most recently filed Quarterly Report on Form 10-Q as of the date of this Agreement.

      

      

      3.9         Contracts.  Except as set forth in Schedule 3.9, neither the Company nor any of its Subsidiaries is, or to the Knowledge of the Company, is
            alleged to be (nor, to the Company’s Knowledge, is any other party to any Material Contract) in material default under, or in material breach or material violation of, any Material Contract, and no event has occurred which, with the giving of
            notice or passage of time or both, would constitute a material default by the Company or any other party under any Material Contract.  Other than Material Contracts which have terminated or expired in accordance with their terms, each of the
            Material Contracts is in full force and effect and is a legal, valid and binding obligation of the Company and, to the Knowledge of the Company, the other parties thereto enforceable against the Company and, to the Knowledge of the Company,
            such other parties in accordance with its terms (subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally and general
            equitable principles (whether considered in a proceeding in equity or at law).

      

      

      3.10       Affiliate Transactions.  Except as set forth in Schedule 3.10,
          there are no transactions between the Company, on the one hand, and any (A) officer or director of the Company or any of its Subsidiaries, (B) to the Knowledge of the Company, record or beneficial owner of five (5) percent or more of the voting
          securities of the Company or (C) Affiliate or family member of any such officer or director or, to the Knowledge of the Company, record or beneficial owner, on the other hand, except employee benefit plans, executive compensation or director
          compensation, employment agreements, consulting agreements, indemnification agreements and similar transactions.  Neither the Company nor any of its Subsidiaries is a guarantor or indemnitor of any indebtedness of any of the persons set forth in
          the foregoing clause (A) or, to the Knowledge of the Company, clauses (B) through (C).

      

      

      3.11       Title. The Company and each of its Subsidiaries has good and marketable title to their respective owned properties and assets, and good leasehold title to
          their respective leasehold estates in leased properties and assets, in each case, subject to no Encumbrances, other than Encumbrances that would not reasonably be expected to result in, individually or in the aggregate, a Material Adverse Effect.

      

      

      
        11

        
          

      

      3.12       Compliance with Law; Permits.

      

      

      (a) 
                   Neither the Company nor any of its Subsidiaries (i) is in material violation or default of the Charter Documents of the Company or any of its
            Subsidiaries, (ii) is in violation or default of any Order or any Law, except for such violations and defaults that would not reasonably be expected to result in, individually or in the aggregate, a Material Adverse Effect or (iii) has
            received, since August 23, 2018, any written notice of, and to the Knowledge of the Company, no investigation or review is in process or threatened by any Governmental Authority with respect to, any material violation or alleged violation of
            any Order or Law.

      

      

      (b)    

                Except as would not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect, (i) the Company and its Subsidiaries hold all Permits necessary for the lawful conduct of their respective
          businesses as they are presently being conducted, (ii) all Permits are in full force and effect, (iii) the Company and its Subsidiaries are in compliance with the terms of the Permits, (iv) there are no pending or, to the Knowledge of the
          Company, threatened, modifications, amendments, cancellations, suspensions, limitations, nonrenewals or revocations of any Permit, and (v) there has occurred no event which (whether with notice or lapse of time or both) could reasonably be
          expected to result in or constitute the basis for such a modification, amendment, cancellation, suspension, limitation, nonrenewal or revocation thereof.

      

      

      3.13       Litigation.  Except as set forth in Schedule 3.13, no action, suit,
          claim, demand, hearing, investigation or other proceeding is pending against the Company or any of its Subsidiaries, or, to the Knowledge of the Company, any officer, director, manager, member, shareholder or employee of any such Person, and none
          of the Company or any of its Subsidiaries, or, to the Knowledge of the Company, any officer, director, manager, member, shareholder or employee of any such Person, is subject to any outstanding injunction, judgment, order, decree, ruling or
          charge or, to the Knowledge of the Company, is threatened with being made a party to any action, suit, proceeding, hearing or investigation of, in, or before any Governmental Authority or before any arbitrator, all cases, that are required to be
          described in the SEC Reports but are not described as required in the SEC Reports, or that would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

      

      

      3.14       Intellectual Property.  The Company and its Subsidiaries own or have obtained valid and enforceable licenses for, or other legal and valid rights to use, the
          Intellectual Property necessary for the conduct of the business of the Company and its Subsidiaries as currently conducted, except as would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.  Neither
          the Company nor any of its Subsidiaries has received from any third party a claim in writing that the Company or any of its Subsidiaries is infringing in any material respect the Intellectual Property rights of any third party.

      

      

      3.15       Insurance.  Schedule 3.15 sets forth a true, correct and complete
          list of all of the insurance maintained for or on behalf of the Company or any of its Subsidiaries and claims made to date. All premiums with respect to such policies have been paid to the extent due and payable.  No written notice of
          cancellation or termination has been received by the Company or any of its Subsidiaries with respect to any such policies that have not been replaced on substantially similar terms prior to the date of such cancellation or termination.

      

      

      3.16       Environmental Matters.  The Company and its Subsidiaries have at all times been in compliance in all material respects with all Environmental Laws.  To the
          Knowledge of the Company, there are no locations or premises where Hazardous Materials have been Released such that (A) the Company or any of its Subsidiaries would reasonably be expected to be obligated to remove, remediate or otherwise respond
          to pursuant to any Environmental Laws or (B) would reasonably be expected to result in a liability of the Company or any of its Subsidiaries to any Person under any Environmental Laws.  There are no Environmental Claims pending, or to the
          Knowledge of the Company threatened against the Company or any of its Subsidiaries, and there no actions, activities, circumstances, facts, conditions, events or incidents, including the presence of any Hazardous Material, which would be
          reasonably likely to form the basis of any such Environmental Claim.

      

      

      
        12

        
          

      

      3.17       Company Benefits Plans.

      

      

      (a)  

                   Schedule 3.17 lists each material Company Benefit Plan.

      

      

      (b) 
                  Neither the Company nor any of its ERISA Affiliates has ever maintained, sponsored, contributed to, or had an obligation to maintain, sponsor or contribute to, or has any liability under or with respect to (i) a “defined benefit
          plan,” as  defined in Section 3(35) of ERISA, (ii) a pension plan subject to the minimum funding standards of Section 302 of ERISA or Section 412 of the Code, (iii) a “multiemployer plan,” as defined in Section 3(37) of ERISA, (iv) a “multiple
          employer plan” (within the meaning of Section 413 of the Code), (v) a “voluntary employees’ beneficiary association” (within the meaning of Section 501(c)(9) of the Code), (vi) an organization or trust described in  Sections 501(c)(17) or
          501(c)(20) of the Code or (vii) a “welfare benefits fund” described in  Section 419(e) of the Code. No current or former employee, officer, director, consultant or other service provider of the Company or any of its Subsidiaries is or may become
          entitled under any Company Benefit Plan to receive health, life insurance or other welfare benefits (whether or not insured), beyond their retirement or other termination of service, other than  health continuation coverage as required by Section
          4980B of the Code.

      

      

      (c)   

                 Each Company Benefit Plan has been administered in all material respects in accordance with its terms and applicable Law. Each Company Benefit Plan intended to be qualified under Section 401(a) of the Code has either received a
          favorable determination letter from the IRS or may rely on a favorable opinion letter issued by the IRS, and, to the Knowledge of the Company, nothing has occurred since the date of such determination or opinion letter that would reasonably be
          expected to adversely affect such qualification.

      

      

      (d) 
                   Except as would not be reasonably likely to result in a Material Adverse Effect, there are no actions, suits, audits or investigations by any Governmental Authority or other claims (except for routine claims for benefits) pending
          or, to the Knowledge of the Company, threatened, against or involving any Company Benefit Plan.

      

      

      (e) 
                   Neither the execution and delivery of this Agreement, nor the  consummation of the transactions contemplated hereby will (whether alone or upon the  occurrence of any additional or further acts or events) (i) result in any
          payment becoming due to any current or former employee, officer, director or independent contractor of the  Company or any Subsidiary thereof or satisfy any prerequisite (whether exclusive or non-exclusive) to any payment or benefit to any
          current or former employee, director or independent contractor of the Company or any Subsidiary thereof, (ii) increase any benefits  under any Company Benefit Plan, (iii) result in the acceleration of the time of payment,  vesting or funding of
          any such benefits under any Company Benefit Plan, or (iv) result in the forgiveness of any indebtedness of any current or former employee, officer, director or independent contractor of the Company or any Subsidiary thereof.

      

      

      3.18       Labor.

      

      

      (a) 
                    Neither the Company nor any of its Subsidiaries is a party to any labor or collective bargaining agreement.

      

      

      (b) 
                  There are no (i) strikes, work stoppages, work slowdowns or lockouts pending or, to the Knowledge of the Company, threatened against or involving the Company or any of its Subsidiaries, or (ii) unfair labor practice charges,
          grievances or complaints pending or, to the Knowledge of the Company, threatened by or on behalf of any employee or group of employees of the Company or any of its Subsidiaries, except in each case as would not have a Material Adverse Effect.

      

      

      
        13

        
          

      

      3.19       Tax Matters.  Except as set forth in Schedule 3.19:

      

      

      (a) 
                    As of the date of this Agreement, the Company has timely filed all material Tax Returns required to be filed (after giving effect to any extensions that have been requested by and granted to such party by the applicable
          Governmental Authority) and has paid or caused to be paid on its behalf all Taxes due and owing, other than those (i) that are being contested in good faith and for which adequate reserves have been established in accordance with GAAP or (ii)
          that, if not paid, would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.  All such Tax Returns are true, correct and complete in all material respects.  There are no past, current, pending or, to
          the Knowledge of the Company, threatened audits, claims or proceedings by any Governmental Authority relating to Taxes.  The Company has not waived any statutes of limitation or agreed to any extension of time with respect to any Tax assessment
          or deficiency.  The Company has not received written notice from any Governmental Authority in a jurisdiction where it does not file Tax Returns claiming that it is subject to Tax in that jurisdiction.  There are no liens for Taxes against the
          property of the Company or the Project except for Taxes not yet due and payable.

      

      

      (b) 
                 The Company has complied with all Laws relating to the withholding and collection of Taxes relating to the Company.  The Company has not engaged in any reportable transaction within the meaning of Treasury Regulations Section
          1.6011-4(b).

      

      

      (c) 
                    Neither the Company nor any of its Subsidiaries has made an election under Section 965(h) of the Code.

      

      

      (d) 
                   The Company (A) has not entered into any agreement with any Governmental Authority that would impact the amount of Taxes due by it, (B) has never been a member of an affiliated, combined, consolidated or unitary group for
          purposes of filing any Tax Return or has any liability for the Taxes of any other Person (1) under Treasury Regulations Section 1.1502-6 (or any similar provision of state, local or foreign law), or (2) as a transferee or successor, by Contract,
          or otherwise, or (C) is not a party to, or has any liability under, any Tax sharing, Tax allocation, Tax indemnity, or similar agreement or arrangement.

      

      

      3.20      Investment Company Act. The Company is not and, after giving effect to the transactions contemplated by this Agreement will not be, an “investment company” as
          that term is defined in, nor is the Company otherwise subject to registration or regulation under, the Investment Company Act of 1940.

      

      

      3.21      OFAC and Related Matters.  None of the transactions contemplated hereby will violate (i) any Sanctions, or (ii) the Uniting and Strengthening America by
          Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT ACT) Act of 2001, Public Law 107-56 (October 26, 2001).  The Company is in compliance with Sanctions in all material respects.  There are no pending or
          threatened claims or legal actions, or investigations by any Governmental Authority, of or against the Company, nor are there any judgments imposed (or threatened to be imposed) upon the Company by or before any Governmental Authority, in each
          case, in connection with any alleged violation of Sanctions.  Neither the Purchase Price nor any other proceeds received by the Company hereunder will be used in any dealings or transactions with any Sanctioned Person or in any manner that will
          result in a violation of Sanctions. The Company has not violated any provision of the U.S. Foreign Corrupt Practices Act of 1977 or the U.K. Bribery Act 2010.

      

      

      
        14

        
          

      

      3.22       Broker; Fees.  Neither the Company nor any of its Subsidiaries has employed any broker or finder, or incurred any liability for any brokerage or finders’ fees
          or any similar fees or commissions in connection with the transactions contemplated by this Agreement for which any Purchaser is liable.

      

      

      Section 4.      REPRESENTATIONS

              AND WARRANTIES OF THE PURCHASERS.  Each Purchaser, severally and not jointly, represents and warrants to the Company as of the date hereof and, with respect to the Fundamental Representations, as of the date hereof and as of the
          Closing Date (except for representations and warranties that are made as of a specific date, which are made only as of such date), as follows:

      

      

      4.1        Organization and Qualification.  Such Purchaser has been duly organized and is validly existing and, except as would not reasonably be expected to have,
          individually or in the aggregate, a Purchaser Material Adverse Effect, is in good standing under the laws of its jurisdiction of organization, with the requisite power and authority to own its properties and conduct its business as currently
          conducted.

      

      

      4.2         Authorization; Enforcement; Validity.  Such Purchaser has all necessary corporate, limited liability company or equivalent power and authority to enter into
          this Agreement and to carry out, or cause to be carried out, its obligations hereunder in accordance with the terms hereof.  The execution and delivery by such Purchaser of this Agreement and the performance by such Purchaser of its obligations
          hereunder have been duly authorized by all requisite action on the part of such Purchaser, and no other action on the part of such Purchaser is necessary to authorize the execution and delivery by such Purchaser of this Agreement or the
          consummation of the transactions contemplated by this Agreement.  This Agreement has been duly executed and delivered by such Purchaser, and assuming due authorization, execution and delivery by the Company, this Agreement constitutes the legal,
          valid and binding obligation of such Purchaser, enforceable against such Purchaser in accordance with its terms, subject to bankruptcy, insolvency, reorganization, moratorium or similar Laws now or hereafter in effect relating to creditors’
          rights generally and subject to general principles of equity.

      

      

      4.3         No Conflicts.  The execution, delivery, and performance by such Purchaser of this Agreement do not and will not (a) violate any provision of the organizational
          documents of such Purchaser; (b) conflict with or violate any Law or Order applicable to such Purchaser or any of its respective assets or properties; or (c) violate, conflict with, result in any breach of, constitute a default (or event which
          with the giving of notice or lapse of time, or both, would become a default) under, require any consent under, or give to others any rights of termination, amendment, acceleration, suspension, revocation or cancellation of, any note, bond,
          mortgage or indenture, contract, agreement, lease, sublease, license, permit, franchise or other instrument or arrangement to which such Purchaser is a party or to which any of its assets or properties are subject, or result in the creation of
          any Encumbrance on any of its assets or properties, except, in the case of clauses (b) and (c), for any such conflict, violation, breach or default that would not reasonably be expected to have, individually or in the aggregate, a Purchaser
          Material Adverse Effect.

      

      

      4.4         Consents and Approvals.  The execution, delivery and performance by such Purchaser of this Agreement do not require such Purchaser to obtain any consent,
          approval, authorization or other Order of, action by, filing with or notification to, any Governmental Authority or any other Person under any of the terms, conditions or provisions of any Law or Order applicable to such Purchaser or by which any
          of its assets or properties may be bound, any contract to which such Purchaser is a party or by which such Purchaser may be bound, except for any consent, approval, authorization or other Order of, action by, filing with or notification to, any
          Governmental Authority or any other Person under any of the terms, conditions or provisions of any Law or Order applicable to such Purchaser that, if not made or obtained, would not reasonably be expected to have, individually or in the
          aggregate, a Purchaser Material Adverse Effect with respect to such Purchaser.

       

        

      
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      4.5        Purchaser Representation.  (i) Such Purchaser is either (A) a qualified institutional buyer as defined in Rule 144A of the Securities Act, (B) an accredited
          investor as defined in Rule 501(a)(1), (2), (3), (7) or (8) under the Securities Act, (C) a non‐U.S. person under Regulation S under the Securities Act, or (D) the foreign equivalent of (A) or (B) above, and (ii) any securities of the Company
          acquired by such Purchaser under this Agreement will have been acquired for investment and not with a view to distribution or resale in violation of the Securities Act.

      

      

      4.6         Sufficient Funds.  Such Purchaser has sufficient assets (or the ability to call sufficient capital from its equityholders) and the financial capacity to
          perform all of its obligations under this Agreement, including the ability to fully fund its respective portion of the Purchase Price at the Closing.

      

      

      Section 5.       ADDITIONAL

              COVENANTS.

      

      

      5.1         Commercially Reasonable Efforts.  Each of the Company and each Purchaser hereby
            agrees to use its commercially reasonable efforts to timely satisfy (if applicable) each of the conditions applicable to such Party under Sections 6 and 7, respectively, of this Agreement.

       

      

      5.2         Further Assurances.  Each Party shall do and perform, or cause to be done and performed, all such further acts and things, and shall execute and deliver all
          such other agreements, certificates, instruments and documents, as the other Party may reasonably request to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated hereby.

      

      

      5.3         Use of Proceeds. The Company shall use the proceeds from the transactions
            contemplated hereby solely as provided for in Exhibit E to this
            Agreement.

      

      

      5.4         Expenses.  The Company shall bear all of its own expenses in connection with the execution, delivery and performance of this Agreement and the transactions
          contemplated hereby, including without limitation all fees and expenses of its agents, representatives, counsel and accountants.

      

      

      5.5         Conduct of the Business of Company.  From the date hereof until the Closing Date, except (a) as expressly permitted by this Agreement, (b) as required by Law,
          or (c) with the written consent of the Purchasers (such consent not to be unreasonably withheld, conditioned or delayed), the Company shall conduct its business and operations in the ordinary course of business consistent with past practice and
          use commercially reasonable efforts to (i) preserve intact its present business organization; (ii) maintain good relationships with its vendors, suppliers, and others having material business relationships with it; and (iii) manage its working
          capital in the ordinary course of business consistent with past practice. Without limiting the generality of the foregoing, and, except as contemplated in this Agreement or as described in Schedule 5.5, during the period from the date of this Agreement through the Closing Date, without the prior written consent of the Purchasers (which consent shall not be unreasonably withheld or delayed),
          the Company shall not, and shall not permit any of its Subsidiaries to:

       

        

      (a) 
                    amend any of its Charter Documents;

      

      

      (b) 
                    split, combine, subdivide or reclassify any of its equity securities;

      

      

      (c) 
                   authorize, sell, issue or grant any equity securities or sell, issue or grant any option, warrant or right to acquire any equity securities or sell, issue or grant any security convertible into or exchangeable for equity
          securities, or sell, transfer or dispose of, or grant or permit any Encumbrance on, any equity interest;

      

      

      
        16

        
          

      

      (d) 
                   except as required pursuant to applicable Law or the terms of any Company Benefit Plan in existence as of the date hereof, (A) make or grant any
            increases in  the compensation or fringe benefits of any current or former employee or service provider of the Company or its Subsidiaries except in the ordinary course of business consistent with past practice (x) for current employees whose
            annual base salary or annual fee is less than  $150,000 or (y) in respect of fringe benefits, increases in fringe benefits that do not result in a material increase in cost to the Company or its Subsidiaries; (B) take any action to  accelerate
            the vesting or payment of any compensation or benefits under any Company Benefit Plan or any action to fund or secure the payment of compensation or benefits under any Company Benefit Plan; (C) amend, adopt or terminate any Company Benefit Plan
            other than in connection with routine, immaterial or ministerial amendments to health and welfare  plans that do not materially increase benefits or result in a material increase in  administrative costs; or (D) enter into, modify or terminate
            any collective  bargaining agreement or other agreement or arrangement with any labor union, works  council, labor organization or other employee-representative body.

      

      

      (e) 
                  declare, set aside for payment or pay any dividend on, or make any other distribution in respect of its equity interests or otherwise make any payments to any holder of such interests in its capacity as such;

      

      

      (f) 
                    take or fail to take any action the result of which would cause the creation of an Encumbrance on any of its equity interests;

      

      

      (g) 
                   make any material change to its financial reporting and accounting methods other than as required by a change in GAAP;

      

      

      (h) 
                   make any material change in its Tax reporting or Tax accounting methods, including making or changing any material Tax elections except as required by applicable Law;

      

      

      (i) 
                   acquire any Person or other business organization, division or business by merger, consolidation, purchase of an equity interest or assets, or by any other manner;

      

      

      (j) 
                    take any action to liquidate, dissolve, or wind up its business;

      

      

      (k) 
                 take any action that would require the consent of the Purchasers as the holder of the Series B Preferred Stock pursuant to the Certificate of Designations if such action were to occur after the Closing; or

      

      

      (l) 
                    commit itself to do any of the foregoing.

      

      

      5.6         Public Announcements.  No press release or other public announcement related to this Agreement or the transactions contemplated herein shall be issued or made
          without the joint approval of the Company and each of the Purchasers, unless such release or announcement is required by law or the rules of any securities exchange on which securities of the Company are traded (including, for the avoidance of
          doubt, any Current Report on Form 8-K required to be filed by the Company with the SEC describing this Agreement or the transactions contemplated herein), in which case each of the Purchasers shall be afforded a reasonable opportunity to review
          such public announcement prior to publication.

      

      

      Section 6.      CONDITIONS

              TO EACH PURCHASER’S OBLIGATIONS.  The obligations of each Purchaser to consummate the transactions contemplated hereby pursuant to this Agreement on the Closing Date shall be subject to the satisfaction at or prior to the Closing
          Date of each of the following conditions, any one or more of which may be waived in writing by the Purchasers:

      

      

      6.1        Fundamental Representations and Warranties.  All of the Fundamental Representations made by the Company in this Agreement shall be true and correct in all
          respects as of the Closing Date as though made on and as of the Closing Date (except to the extent such representations and warranties expressly speak as of an earlier date, in which case such representations and warranties shall be true and
          correct as of such date).

      

      

      
        17

        
          

      

      6.2         Performance of Closing Actions.  The Company shall have performed each of the
            Closing Actions required to be performed by them at the Closing.

      

      

      6.3         No Legal Impediment to Issuance; No Material Adverse Effect. No Law or Order shall have become effective or been enacted, adopted or issued by any Governmental
          Authority that prohibits the implementation of this Agreement or the transactions contemplated herein, and no Material Adverse Effect shall have occurred.

      

      

      Section 7.      CONDITIONS

              TO THE COMPANY’S OBLIGATIONS.  The obligations of the Company to issue and sell to the Purchasers the Series B Preferred Stock (including the Warrants) pursuant to this Agreement shall be subject to the satisfaction at or prior to
          the Closing Date of each of the following conditions, any one or more of which may be waived in writing by the Company:

      

      

      7.1         Fundamental Representations and Warranties.  All of the Fundamental Representations made by the Purchasers in this Agreement shall be true and correct in all
          respects as of the Closing Date as though made on and as of the Closing Date (except to the extent such representations and warranties expressly speak as of an earlier date, in which case such representations and warranties shall be true and
          correct as of such date).

      

      

      7.2          Performance of Closing Actions.  Each Purchaser shall have performed each of the Closing Actions required to be performed by it at the Closing.

      

      

      7.3        No Legal Impediment to Issuance. No Law or Order shall have become effective or
            been enacted, adopted or issued by any Governmental Authority that prohibits the implementation of this Agreement or the transactions contemplated by this Agreement.

      

      

      Section 8.       TERMINATION.

      

      

      (a)         Termination by the Purchasers.  This Agreement may be terminated at any time prior to the Closing by
          the Purchasers following the occurrence of any of the following events (each a “Purchaser Termination Event”) immediately upon delivery of written
          notice to the Company; provided, however that the Purchasers shall not be permitted to terminate this Agreement if at the time of such termination any Purchaser is in breach of any representation, warranty or covenant applicable to it in any material respect
          under this Agreement:

      

      

      (i) 
                        the Closing does not occur on or before the Closing Date;

      

      

      (ii) 
                      the failure of any of the conditions set forth in Section 6 hereof to be satisfied, which failure cannot be cured or is not cured before the earlier of (A) fifteen (15)
            Business Days after receipt of written notice thereof by the Company from any Purchaser and (B) the Closing Date;

      

      

      (iii) 

                     the Company breaches any representation or warranty or breaches any covenant applicable to it in any material respect under this Agreement and if such breach is curable, it is not cured before the earlier of (A) fifteen (15)
          Business Days after receipt of written notice by the Company from any Purchaser and (B) the Closing Date; or

      

      

      (iv) 
                      any Governmental Authority of competent jurisdiction, enters a Final Order declaring this Agreement or any material portion hereof to be unenforceable.

       

        

      
        18

        
          

      

      (b) 
                   Termination by the Company.  This Agreement may be terminated at any time prior to the Closing by the Company following the occurrence of
          any of the following events immediately upon delivery of written notice to the Parties except as set forth below; provided, however that the Company shall not be permitted to terminate this Agreement if, at the time of such termination, the Company is in breach of any
          representation, warranty or covenant applicable to it in any material respect under this Agreement:

      

      

      (i)             the

          failure of any of the conditions set forth in Section 7 hereof to be satisfied, which failure cannot be cured or is not cured before the earlier of (A)
          fifteen (15) Business Days after receipt of written notice thereof by the Purchasers from the Company and (B) the Closing Date;

      

      

      (ii)             a
          Purchaser breaches any representation or warranty or breaches any covenant applicable to it in any material respect under this Agreement and if such breach is curable, it is not cured before the earlier of (A) fifteen (15) Business Days after
          receipt of written notice by the Purchasers from the Company and (B) the Closing Date;

      

      

      (iii)           any Governmental Authority of competent jurisdiction, enters a Final Order declaring this Agreement or any material portion hereof to be unenforceable; or

      

      

      (iv)             the

          Closing does not occur on or before the Closing Date.

      

      

      (c) 
                 Purchaser Default. Subject to Section 10.19, the
          Purchasers agree that, in the event of a Purchaser Default, the Company shall be entitled to all remedies available at law and at equity, including to enforce rights of damages and/or specific performance pursuant to Section 10.18.

      

      

      (d) 
                   Mutual Termination.  This Agreement may be terminated by the mutual written consent of the Company and the Purchasers.

      

      

      (e) 
                  Effect of Purchaser Termination.  Upon a termination of this
            Agreement in accordance with Section 8(a), the Purchasers shall have
            no continuing liability or obligation to the Company and the provisions of this Agreement shall have no further force or effect with respect to the Purchasers, except for the provisions in Sections 8, 9, and 10, each of which shall survive termination of this Agreement; provided, however, that no
            such termination shall relieve the Purchasers from liability for its breach or non-performance of its obligations hereunder prior to the date of such termination and the rights of the Company as it relates to such breach or non-performance by
            the Purchasers shall be preserved in the event of the occurrence of such breach or non-performance.

      

      

      (f) 
                   Effect of Company or Mutual Termination.  Upon a termination of this Agreement in accordance with Sections 8(b) or 8(d), neither Party shall have any continuing liability or obligation to
          the other Party hereunder and the provisions of this Agreement shall have no further force or effect except for the provisions in Sections 8, 9, and 10, each of which shall survive termination of this
          Agreement; provided that no such termination shall relieve either Party from liability for its breach or non-performance of its obligations
          hereunder prior to the date of such termination and the rights of the other Party as it relates to such breach or non-performance by the Party shall be preserved in the event of the occurrence of such breach or non-performance.

      

      

      
        19

        
          

      

      Section 9.       INDEMNIFICATION. 

          The Company agrees to indemnify and hold harmless the Indemnified Parties from and against any and all claims, damages, losses, liabilities and expenses (including, without limitation, fees and disbursements of counsel), that may be incurred by
          or asserted or awarded against any Indemnified Party, in each case arising out of this Agreement (including as a result of any breach or inaccuracy of any representation, warranty or covenant herein), the other Offering Documents, or the
          transactions contemplated hereby or thereby, solely to the extent such Offering Documents or transactions contemplated thereby relate to this Agreement and the Series B Preferred Equity Offering, any use made or proposed to be made with the
          proceeds of the Series B Preferred Equity Offering, or any claim, litigation, investigation or proceeding relating to any of the foregoing, regardless of whether any Indemnified Party is a party thereto, and the Company shall reimburse each
          Indemnified Party upon demand for reasonable and documented fees and expenses of counsel (which, so long as there are no conflicts among such Indemnified Parties, shall be limited to one law firm serving as counsel for the Indemnified Parties)
          and other expenses incurred by it in connection with investigating, preparing to defend or defending, or providing evidence in or preparing to serve or serving as a witness with respect to, any lawsuit, investigation, claim or other proceeding
          relating to any of the foregoing, irrespective of whether the transactions contemplated hereby are consummated, except to the extent such claim, damage, loss, liability, or expense is found in a Final Order to have resulted from such Indemnified
          Party’s bad faith, actual fraud, gross negligence, or willful misconduct.  No Indemnified Party shall have any liability (whether direct or indirect, in contract, tort or otherwise) to the Company for or in connection with the transactions
          contemplated hereby, except to the extent such liability is found in a final, non-appealable order of a court of competent jurisdiction to have resulted from such Indemnified Party’s bad faith, actual fraud, gross negligence or willful
          misconduct.  In no event, however, shall the Company or any Indemnified Party be liable on any theory of liability for any special, indirect, consequential or punitive damages.  Without the prior written consent of the Indemnified Parties, the
          Company agrees that it will not enter into any settlement of any lawsuit, claim or other proceeding arising out of this Agreement, the other Offering Documents, or the transactions contemplated hereby or thereby, solely to the extent such
          Offering Documents or transactions contemplated thereby relate to this Agreement and the Series B Preferred Equity Offering, unless such settlement (i) includes an explicit and unconditional release from the party bringing such lawsuit, claim or
          other proceeding of all Indemnified Parties and (ii) does not include a statement as to or an admission of fault, culpability, or a failure to act by or on behalf of any Indemnified Party.  No Indemnified Party shall be liable for any damages
          arising from the use by unauthorized persons of any information made available to the Indemnified Parties by the Company or any of its representatives through electronic, telecommunications or other information transmission systems that is
          intercepted by such persons.  No Indemnified Party shall settle any lawsuit, claim, or other proceeding arising out of this Agreement, the other Offering Documents, or the transactions contemplated hereby or thereby without the prior written
          consent of the Company (such consent not to be unreasonably withheld or delayed).  Notwithstanding the foregoing, an Indemnified Party shall be entitled to no indemnification by the Company for any claim, damage, loss, liability, or expense
          incurred by or asserted or awarded against such Indemnified Party for any violation of Law by such Indemnified Party.

      

      

      Section 10.      MISCELLANEOUS.

      

      

      10.1       Payments.  All payments made by or on behalf of the Company or any of their
            Affiliates to the Purchaser or its assigns, successors or designees pursuant to this Agreement shall be without withholding, set-off, counterclaim or deduction of any kind.

      

      

      10.2       Arm’s Length Transaction.  The Company acknowledges and agrees that (i) the Series B Preferred Equity Offering and any other transactions described in this
          Agreement are an arm’s-length commercial transaction between the Parties and (ii) no Purchaser has assumed nor will it assume an advisory or fiduciary responsibility in the Company’s favor with respect to any of the transactions contemplated by
          this Agreement or the process leading thereto, and no Purchaser has any obligation to the Company with respect to the transactions contemplated by this Agreement except those obligations expressly set forth in this Agreement or the Offering
          Documents to which it is a party.

      

      

      
        20

        
          

      

      10.3     Survival.  The representations, warranties, covenants, agreements and obligations of the Parties shall survive the Closing as follows (each such survival
          period, a “Survival Period”): (i) except for Fundamental Representations and the Tax Representations, the representations and warranties made by each Party
          in this Agreement shall survive the Closing until the first anniversary of the Closing; (ii) Fundamental Representations shall survive the Closing until the fifth anniversary of the Closing, (iii) Tax Representations shall survive the Closing for
          the full period of all applicable statutes of limitations related thereto (after giving effect to any waiver or extension thereof), and (iv) the covenants, agreements, obligations and other undertakings of the Parties shall survive the Closing
          until fully performed in accordance with their terms.  All liability of the Indemnifying Parties with respect to the representations, warranties, covenants, agreements and obligations hereunder shall be extinguished at the end of the applicable
          Survival Period, except to the extent that notice of an alleged breach of such representations, warranties, covenants, agreements or obligations has been provided before such date; provided that if notice is given prior to the expiration of the
          applicable Survival Period, the claim with respect to such representation, warranty, covenant, agreement or obligation shall continue indefinitely until finally resolved.

      

      

      10.4      No Waiver of Rights.  All waivers hereunder must be made in writing, and the failure of any Party at any time to require another Party’s performance of any
          obligation under this Agreement shall not affect the right subsequently to require performance of that obligation.  Any waiver of any breach of any provision of this Agreement shall not be construed as a waiver of any continuing or succeeding
          breach of such provision or a waiver or modification of any other provision.

      

      

      10.5       Notices.  All notices, requests, claims, demands and other communications hereunder shall be in writing and shall be given or made (and shall be deemed to have
          been duly given or made upon receipt) by delivery in person, by an internationally recognized overnight courier service, by email or registered or certified mail (postage prepaid, return receipt requested) to the respective Parties at the
          following addresses (or at such other address for any Party as shall be specified by such Party in a notice given in accordance with this Section 10.5).

      

      

      (a)           If to the Company, to:

      

      

      NextDecade Corporation

      1000 Louisiana Street, Suite 3900

      Houston, Texas 77002

      Attention:         Krysta De Lima, General Counsel

      krysta@next-decade.com

      

      

      With a copy (which shall not constitute notice to the Company) to:

      

      

      K&L Gates LLP

      214 North Tryon Street, 47th Floor

      Charlotte, North Carolina 28202

      Attention: 

                 Sean M. Jones

      Sean.Jones@klgates.com

      

      

      (b)          If to the Purchasers, to the addresses set forth with respect to each such Purchaser on
          Exhibit H.

      

      

      Any of the foregoing addresses may be changed by giving notice of such change in the foregoing manner, except that notices for changes of
          address shall be effective only upon receipt.

      

      

      10.6        Headings.  The section and subsection headings in this Agreement are inserted for convenience only and shall not affect in any way the meaning or
          interpretation of this Agreement.

      

      

      
        21

        
          

      

      10.7       Severability.  If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any Law or public policy, all other terms
          and provisions of this Agreement shall nevertheless remain in full force and effect for so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any Party.  Upon such
          determination that any term or other provision is invalid, illegal or incapable of being enforced, the Parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the Parties as closely as possible in an
          acceptable manner in order that the transactions contemplated hereby are consummated as originally contemplated to the greatest extent possible.

      

      

      10.8       Entire Agreement. This Agreement and the agreements and documents referenced herein constitute the entire agreement of the Parties with respect to the subject
          matter hereof and supersede all prior agreements and undertakings, both written and oral, between the Parties with respect to the subject matter hereof.

      

      

      10.9      Successors and Assigns.  This Agreement shall be binding upon and inure to the benefit of the Parties and their respective successors and permitted assigns. 
          Except as set forth below, neither this Agreement nor any of the rights, interests or obligations under this Agreement may be assigned by either Party (whether by operation of law or otherwise) without the prior written consent of the other
          Party.  Notwithstanding the foregoing and subject to the restriction on transfer contained in Section 10.10, the rights, obligations and interests
          hereunder may be assigned, delegated or transferred, in whole or in part, by a Purchaser to (i) any Affiliate of such Purchaser without the consent of the Company, or (ii) one or more other third parties with the consent of the Company, which
          consent shall not be unreasonably withheld or delayed; provided, however, that any such transferee, as a condition precedent to such transfer, becomes a Party to this Agreement and assumes the obligations of such Purchaser with respect to the transferred shares under this
          Agreement by executing an addendum substantially in the form set forth in Exhibit A (the “Addendum”) and an assumption agreement in substantially the form set forth in Exhibit B hereto (the “Assumption Agreement”) and deliver the same to the Company in accordance with Section

              10.5, and provided, further,
          that (a) with respect to a transfer to an Affiliate of a Purchaser, such Purchaser either (i) shall have provided an adequate equity support letter or a guarantee of such Affiliate-transferee’s obligations, in form and substance reasonably
          acceptable to the Company or (ii) shall remain fully obligated to fund the Purchase Price, and (b) with respect to a transfer to a third party, the Company, acting in good faith, shall have consented in writing to such transfer (which consent
          shall not be unreasonably withheld, conditioned or delayed) and shall have determined, in its reasonable discretion, after due inquiry and investigation, that such transferee is reasonably capable of fulfilling such obligations, or, absent such a
          determination, the proposed transferee shall have deposited with an agent of the Company or into an escrow account under arrangements satisfactory to the Company funds sufficient, in the reasonable determination of the Company, to satisfy such
          proposed transferee’s obligations.  Any transfer that is made in violation of the immediately preceding sentence shall be null and void ab initio, and the Company shall have the right to enforce the voiding of such transfer.

      

      

      10.10    Limitations on Transfer of Series B Preferred Stock.  THE SERIES B PREFERRED STOCK (INCLUDING ANY SERIES B PREFERRED STOCK ISSUED IN RESPECT OF DIVIDEND
          PAYMENTS THEREON) SHALL NOT BE TRANSFERRED BY ANY PURCHASER TO ANY OTHER PERSON WITHOUT THE CONSENT OF THE COMPANY, WHICH CONSENT SHALL NOT BE UNREASONABLY WITHHELD OR DELAYED, EXCEPT THAT ANY PURCHASER SHALL BE ENTITLED TO TRANSFER ANY OR ALL
          SHARES OF ITS SERIES B PREFERRED STOCK TO ANY AFFILIATE OF ANY PURCHASER.

      

      

      10.11     No Third-Party Beneficiaries.  This Agreement shall be binding upon and inure solely to the benefit of the Parties and their respective successors and
          permitted assigns and, except as expressly set forth in Section 9, nothing herein, express or implied, is intended to or shall confer upon any other
          Person any legal or equitable right, benefit or remedy of any nature whatsoever.

      

      

      
        22

        
          

      

      10.12      Amendment.  This Agreement may not be altered, amended, or modified except by a
            written instrument executed by or on behalf of the Company and the Purchasers.

      

      

      10.13     Governing Law.  This Agreement shall be interpreted, construed and enforced in accordance with the laws of the State of New York, without regard to the
          conflicts of law principles thereof.

      

      

      10.14     Consent to Jurisdiction.  Each of the Parties (a) irrevocably and unconditionally agrees that any actions, suits or proceedings, at law or equity, arising out
          of or relating to this Agreement or any agreements or transactions contemplated hereby shall be heard and determined by the federal or state courts located in New York County in the State of New York; (b) irrevocably submits to the jurisdiction
          of such courts in any such action, suit or proceeding; (c) consents that any such action, suit or proceeding may be brought in such courts and waives any objection that such Party may now or hereafter have to the venue or jurisdiction of such
          courts or that such action or proceeding was brought in an inconvenient forum; and (d) agrees that service of process in any such action, suit or proceeding may be effected by providing a copy thereof by any of the methods of delivery permitted
          by Section 10.5 to such Party at its address as provided in Section 10.5
          (provided that nothing herein shall affect the right to effect service of process in any other manner permitted by Law).

      

      

      10.15    Waiver of Jury Trial.  EACH OF THE PARTIES HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN
          ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT, OR ANY OTHER THEORY).  EACH OF THE PARTIES HERETO HEREBY (A)
          CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF THE OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE
          OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE TRANSACTIONS, AS APPLICABLE, BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 10.14.

      

      

      10.16      Currency.  Unless otherwise specified in this Agreement, all references to currency, monetary values and dollars set forth herein shall mean United States
          (U.S.) dollars and all payments hereunder shall be made in United States dollars.

      

      

      10.17     Counterparts.  This Agreement may be executed and delivered (including by facsimile or electronic transmission) in one or more counterparts, and by the
          different Parties in separate counterparts, each of which when executed shall be deemed to be an original, but all of which taken together shall constitute one and the same agreement.  Signatures of the Parties transmitted by electronic mail
          shall be deemed to be their original signatures for all purposes.

      

      

      10.18    Specific Performance.  Each Party acknowledges that, in view of the uniqueness of the securities referenced herein and the transactions contemplated by this
          Agreement, the other Party would not have an adequate remedy at law for money damages in the event that this Agreement has not been performed in accordance with its terms, and therefore agrees that the other Party shall be entitled to specific
          performance and injunctive or other equitable relief, without the necessity of proving the inadequacy of monetary damages as a remedy.

      

      

      10.19     Waiver of Consequential Damages.  Notwithstanding any provision in this Agreement to the contrary, in no event shall any Party or its Affiliates, or their
          respective managers, members, shareholders or representatives, be liable hereunder at any time for punitive, incidental, consequential special or indirect damages, including loss of future profits, revenue or income, or loss of business
          reputation of any other Party or any of its Affiliates, whether in contract, tort (including negligence), strict liability or otherwise, and each Party hereby expressly releases each other Party, its Affiliates, and their respective managers,
          members, shareholders, partners, consultants, representatives, successors and assigns therefrom.

      

      

      
        23

        
          

      

      10.20     Purchaser Obligations.  The Parties hereby agree and acknowledge that (a) all obligations of the Purchasers hereunder, including with respect to each
          Purchaser’s compliance with all applicable covenants and the making by each Purchaser of the representations and warranties set forth in Section 4, are
          several and not joint and (b) no Purchaser shall have any obligation or liability of any kind to the Company or to any other Person in respect of any breach or noncompliance with respect to this Agreement by any other Purchaser.

      

      

      10.21     Rules of Construction.  The Parties and their respective legal counsel participated in the preparation of this Agreement, and therefore, this Agreement shall
          be construed neither against nor in favor of any of the Parties, but rather in accordance with the fair meaning thereof. All definitions set forth in this Agreement are deemed applicable whether the words defined are used in this Agreement in the
          singular or in the plural, and correlative forms of defined terms have corresponding meanings.  The term “including” is not limiting and means “including without limitation.”  The term “or” has, except where otherwise indicated, the inclusive
          meaning represented by the phrase “and/or.” The words “hereof,” “herein,” “hereby,” “hereunder” and similar terms in this Agreement refer to this Agreement as a whole and not to any particular provision of this Agreement.  Section, subsection,
          clause, schedule, annex and exhibit references are to this Agreement unless otherwise specified.  Any reference to this Agreement shall include all alterations, amendments, changes, extensions, modifications, renewals, replacements,
          substitutions, and supplements thereto and thereof, as applicable.  Whenever the context may require, any pronoun includes the corresponding masculine, feminine and neuter forms.

      

      

      [No further text appears; signature pages follow]

      

      

      
        24

        
          

      

      IN WITNESS WHEREOF, the Parties have executed this Agreement as of the day and year first above written.

       

        

      	 	
              NEXTDECADE CORPORATION

            
	 	 
	 	
              By:

            	

            
	 	
              Name: Matthew Schatzman

            
	 	
              Title: President and Chief Executive Officer

            

       

      

      
        [Series B Preferred Stock Purchase Agreement]

         

        

      

      
        
          

      

      	

            	
              PURCHASERS

            
	 	 
	 	
              YORK TACTICAL ENERGY FUND, L.P.

            
	 	 
	 	
              By:

            	 
	 	
              Name:

            
	 	
              Title:

            
	 	 
	 	
              YORK TACTICAL ENERGY FUND PIV-AN, L.P.

            
	 	 
	 	
              By:

            	 
	 	
              Name:

            
	 	
              Title:

            

       

      

      
        [Series B Preferred Stock Purchase Agreement]

         

        

      

      
        
          

      

      Schedule A

       

            

      	
              Purchaser

            	 	
              Number of

               

              Shares

               

              to be Purchased

            	 	 	
              Aggregate

               

              Purchase Price

            	 	 	
              Origination

               

              Fee Shares

            	 
	
              York Tactical Energy Fund, L.P.

            	 	 	
              1,667

            	 	 	
              $

            	
              1,666,667

            	 	 	 	
              33

            	 
	
              York Tactical Energy Fund PIV-AN, L.P.

            	 	 	
              3,333

            	 	 	
              $

            	
              3,333,333

            	 	 	 	
              67

            	 
	
              Total

            	 	 	
              
                5,000

              

            	 	 	
              
                $

              

            	
              
                5,000,000

              

            	 	 	 	
              
                100

              

            	 

       

      

      
        [Series B Preferred Stock Purchase Agreement]

         

        

          

      
        
          

      

      Exhibit A

      

      

      ADDENDUM

      

      

      Reference is made to that certain Series B Convertible Preferred Stock Purchase Agreement (as amended, modified or
          supplemented from time to time, the “Agreement”) by and between NextDecade Corporation, a Delaware corporation (“NextDecade”), and [PURCHASER] or a successor thereof.  Each capitalized term used but not defined herein shall have the meaning given to it in the Agreement.

      

      

      Upon execution and delivery of this Addendum by the undersigned, as provided in Section 10.9 of the Agreement, the undersigned hereby becomes a Purchaser with respect to [●] shares of Series B Preferred Stock, as applicable thereunder and bound thereby effective
          as of the date of the Agreement.

      

      

      By executing and delivering this Addendum, the undersigned represents and warrants, for itself and for the benefit of
          the Company, that:

      

      

      
        	 	
                (a)

              	
                as of the date of this Addendum, the undersigned has executed and delivered an Assumption and Joinder Agreement therefor (a copy of
                    which is attached to this Addendum);

              

      

      

      

      
        	 	
                (b)

              	
                as of the date of this Addendum, with respect to each transferee that (i) is an individual, such transferee has all requisite
                    authority to enter into this Addendum and to carry out the transactions contemplated by, and perform its respective obligation under, the Agreement and (ii) is not an individual, such transferee is duly organized, validly existing, and
                    in good standing under the laws of the state of its organization, and has all requisite corporate, partnership, or limited liability company power and authority to enter into this Addendum and to carry out the transactions contemplated
                    by, and perform its respective obligations under, the Agreement;

              

      

      

      

      
        	 	
                (c)

              	
                assuming the due execution and delivery of the Agreement by NextDecade, the Addendum and the Agreement are legally valid and
                    binding obligations of it, enforceable against it in accordance with its terms, except as may be limited by bankruptcy, insolvency or similar laws, or by equitable principles relating to or limiting creditors’ rights generally; and

              

      

      

      

      
        	 	
                (d)

              	
                as of the date of this Addendum, it is not aware of any event that, due to any fiduciary or other duty to any other person, would
                    prevent it from taking any action required of it under the Agreement and this Addendum.

              

      

      

      

      By executing and delivering this Addendum to NextDecade, the undersigned agrees to be bound by all the terms of the
          Agreement with respect to [●] shares of Series B Preferred Stock.

      

      

      The undersigned acknowledges and agrees
            that once delivered to NextDecade, it may not revoke, withdraw, amend, change or modify this Addendum unless the Agreement has been terminated.

      
        

        

        [Series B Preferred Stock Purchase Agreement]

         

        

      

      
        
          

      

      THIS ADDENDUM SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK,
          WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES THAT WOULD REQUIRE THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION.

      

      

      This Addendum may be executed in one or more counterparts, each of which, when so executed, shall constitute the same
          instrument and the counterparts may be delivered by facsimile transmission or by electronic mail in portable document format (.pdf).

      

      

      [Signature on Following Page]

      

      

      
        [Series B Preferred Stock Purchase Agreement]

      

      

      

      
        
          

      

      IN WITNESS WHEREOF, the Parties have caused this Addendum to be duly executed and delivered by their proper and duly
          authorized officers as of this [●] day of [●].

       

        

      	 	
              TRANSFEREE WHO BECOMES A PURCHASER

            
	 	 
	 	
              [NAME]

            
	 	 
	 	
              as a Purchaser

            
	 	
              Name:

            

       

      

      
        [Series B Preferred Stock Purchase Agreement]

         

        

      

      
        
          

      

      Exhibit B

      

      

      ASSUMPTION AND JOINDER AGREEMENT

      

      

      Reference is made to (i) that certain Series B Convertible Preferred Stock Purchase Agreement (as amended, modified or
          supplemented from time to time, the “Agreement”), dated as of May 17, 2019, by and between NextDecade Corporation, a Delaware corporation (“NextDecade”), and [PURCHASER] or a successor thereof, and (ii) that certain Addendum, dated as of [●], [●] (the “Transferor Addendum”) submitted by [●], as transferor (the “Transferor”).  Each capitalized term used but
          not defined herein shall have the meaning given to it in the Agreement.

      

      

      As a condition precedent to becoming a Purchaser with respect to [●] shares of Series B Preferred Stock, the undersigned
          (the “Transferee”) hereby agrees to become bound by all the terms, conditions and obligations set forth in the Agreement and the Transferor Addendum,
          copies of which are attached hereto as Annex I.  This Assumption and Joinder Agreement shall take effect and shall become an integral part of the Agreement and the Transferor Addendum immediately upon its execution, and the Transferee shall be
          deemed to be bound by all of the terms, conditions and obligations of the Agreement and the Transferor Addendum as of the date thereof.  The Transferee shall hereafter be deemed to be a “Purchaser” with respect to [●] shares of Series B Preferred
          Stock and a “Party” for all purposes under the Agreement.

      

      

      [Signatures on Following Page]

       
        

        

        [Series B Preferred Stock Purchase Agreement]

         

        

      

      
        
          

      

      IN WITNESS WHEREOF, this Assumption and Joinder Agreement has been duly executed by each of the undersigned as of the
          date specified below.

      

      

      Date:  [●]

      

      

      	
              Name of Transferor

            	 	
              Name of Transferee

            
	 	 	 
	
              Authorized Signatory of Transferor

            	 	
              Authorized Signatory of Transferee

            
	 	 	 
	
              (Type or Print Name and Title of Authorized Signatory)

            	 	
              (Type or Print Name and Title of Authorized Signatory)

            
	 	 	 
	 	 	
              Address of Transferee:

            
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	
              Attn:

            
	 	 	 
	 	 	 
	 	 	
              Tel:

            
	 	 	 
	 	 	 
	 	 	
              Fax:

            
	 	 	 
	 	 	 
	 	 	
              E-mail:

            
	 	 	 
	 	 	 

       

      

      
        
          

      

      Exhibit C

      

      

      CERTIFICATE OF DESIGNATIONS

      OF

      SERIES B CONVERTIBLE PREFERRED STOCK

      

      

      [see attached]

       

        

    

    
      
        
          

      

      Exhibit D

       

            

      FORM OF WARRANT AGREEMENT

      

      

      [see attached]

      

      

      
        
          

      

      Exhibit E

      

      

      USE OF PROCEEDS

      

      

      Proceeds from the Series B Preferred Equity Offering shall be used by the Company for development activities related to the liquefaction of
          natural gas and the sale of liquefied natural gas (“LNG”) in international markets, including:

      

      

      
        	 	
                ·

              	
                Development activities related to the Rio Grande LNG terminal facility at the Port of Brownsville in southern Texas and an associated
                    137-mile Rio Bravo pipeline to supply gas to the terminal, in each case, including activities and businesses reasonably complementary or ancillary thereto and reasonable extensions thereof;

              

      

      

      

      
        	 	
                
                  ·

                

              	
                Development activities related to an approximate 1,000-acre site near Texas City, Texas for a second potential LNG terminal, including
                    activities and businesses reasonably complementary or ancillary thereto and reasonable extensions thereof; and

              

      

      

      

      
        	 	
                ·

              	
                Development activities conducted in overseas locations (including, but not limited to China and Singapore) in direct support of the
                    Company’s businesses as set forth above.

              

      

      

      

      
        
          

      

      Exhibit F

      

      

      REGISTRATION RIGHTS AGREEMENT

      

      

      [see attached]

      

      

      
        
          

      

      Exhibit G

      

      

      PURCHASER RIGHTS AGREEMENT

      

      

      [see attached]

      

      

      
        
          

      

      Exhibit H

      

      

      PURCHASER NOTICE ADDRESSES

      

      

      YORK TACTICAL ENERGY FUND, L.P.

      and

      YORK TACTICAL ENERGY FUND PIV-AN, L.P.

      

      

      (For notice purposes)

      [Applicable Purchaser]

      c/o York Capital Management Global Advisors, LLC

      767 Fifth Avenue, 17th Floor

      New York, NY 10153

      Attention: 

                 Brian Traficante

      btraficante@yorkcapital.com

      

      

      with a copy (which shall not constitute notice to the foregoing Purchaser) to:

      Weil, Gotshal & Manges LLP

      767 Fifth Avenue, 17th Floor

      New York, NY 10153

      Attention:        

        Jaclyn L. Cohen

      Jackie.Cohen@weil.comExhibit 10.1

 

HMS HOLDINGS CORP.

2019 OMNIBUS INCENTIVE PLAN

 

 

  SECTION 1.             Purpose

 

The purpose of the HMS Holdings Corp. 2019 Omnibus Incentive Plan
(as amended from time to time, the “Plan”) is to furnish a material incentive to employees and non-employee Directors
(defined below) of the Company (defined below) and its subsidiaries by making available to them the benefits of a larger common
stock ownership in the Company through stock options and other awards. It is believed that these increased incentives stimulate
the efforts of employees and non-employee Directors towards the continued success of the Company and its affiliates, as well as
assist in the recruitment of new employees and non-employee Directors.

 

 SECTION 2.             Definitions

 

As used in the Plan, the following terms shall have the meanings
set forth below:

 

(a)     “Affiliate”
shall mean any Person that directly, or through one or more intermediaries, controls, or is controlled by, or is under common
control with, the Company.

 

(b)    “Award”
shall mean any Option, Stock Appreciation Right, Restricted Stock Award, Restricted Stock Unit Award, Performance Share, Performance
Unit, Cash Award, Dividend Equivalent or any other right, interest or option relating to Shares granted pursuant to the provisions
of the Plan.

 

(c)     “Award
Agreement” shall mean any written or electronic agreement, contract or other instrument or document evidencing any Award
granted by the Committee hereunder, which in the sole and absolute discretion of the Committee may, but need not, be signed or
acknowledged by the Company and the Participant.

 

(d)    “Award
Period” shall have the meaning set forth in Section 9 of the Plan.

 

(e)     “Board”
shall mean the Board of Directors of the Company.

 

(f)     
“Cash Award” shall mean any incentive award granted under Section 10 that is payable only in cash.

 

(g)    “Change
in Control” shall mean the occurrence of any of the following events:

 

(i)       the acquisition
by a Person or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act of beneficial ownership of any capital
stock of the Company if, after such acquisition, such Person or group beneficially owns (within the meaning of Rule 13d-3 under
the Exchange Act) 50.01% or more of either (x) the then-outstanding shares of common stock of the Company (the “Outstanding
Company Common Stock”) or (y) the combined voting power of the then-outstanding securities of the Company entitled to vote
generally in the election of directors (the “Outstanding Company Voting Securities”); provided, however, that for purposes
of this subsection any acquisition directly from the Company will not be a Change in Control, nor will any acquisition by any individual,
entity, or group pursuant to a Business Combination (as defined below) that complies with subclauses (x) and (y) of clause (ii)
of this definition;

 

     

     

    

 

(ii)       the consummation
of a merger, consolidation, reorganization, recapitalization or share exchange involving the Company or a sale or other disposition
of all or substantially all (i.e., in excess of 85%) of the assets of the Company (a “Business Combination”), unless,
immediately following such Business Combination, each of the following two conditions is satisfied: (x) all or substantially all
of the individuals and entities who were the beneficial owners of the Outstanding Company Common Stock and Outstanding Company
Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 50% of the
then-outstanding shares of common stock and the combined voting power of the then-outstanding securities entitled to vote generally
in the election of directors, respectively, of the resulting or acquiring corporation in such Business Combination (which shall
include a corporation that as a result of such transaction owns the Company or substantially all of the Company’s assets
either directly or through one or more subsidiaries) (such resulting or acquiring corporation is referred to herein as the “Acquiring
Corporation”) in substantially the same proportions as their ownership of the Outstanding Company Common Stock and Outstanding
Company Voting Securities, respectively, immediately prior to such Business Combination and (y) no Person beneficially owns, directly
or indirectly, 50.01% or more of the then-outstanding shares of common stock of the Acquiring Corporation, or of the combined voting
power of the then-outstanding securities of such corporation entitled to vote generally in the election of directors (except to
the extent that such ownership existed prior to the Business Combination); or

 

(iii)       a change in
the composition of the Board that results, during any one year period, in the Continuing Directors (as defined below) no longer
constituting a majority of the Board (or, if applicable, the Board of Directors of a successor corporation to the Company), where
the term “Continuing Director” means at any date a member of the Board (x) who was a member of the Board on the Effective
Date or (y) who was nominated or elected subsequent to such date by at least a majority of the directors who were Continuing Directors
at the time of such nomination or election or whose election to the Board was recommended or endorsed by at least a majority of
the directors who were Continuing Directors at the time of such nomination or election; provided, however, that there shall be
excluded from this clause (y) any individual whose initial assumption of office after the Effective Date occurred as a result of
an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation
of proxies or consents, by or on behalf of a person other than the Board;

 

provided that, solely with respect to an Award that constitutes “deferred
compensation” subject to Section 409A of the Code (“Section 409A”) and that is payable on account of a Change
in Control (including any installments or stream of payments that are accelerated on account of a Change in Control), a Change
in Control shall occur only if such event also constitutes a “change in the ownership”, “change in effective
control”, and/or a “change in the ownership of a substantial portion of assets” of the Company as those terms
are defined under Treasury Regulation §1.409A-3(i)(5), but only to the extent necessary to establish a time or form of payment
that complies with Section 409A, without altering the definition of Change in Control for purposes of determining whether a Participant’s
rights to such Award become vested or otherwise unconditional upon the Change in Control.

 

(h)    “Change
in Control Price” means, with respect to a Share, (i) if the Change in Control is the result of a tender or exchange
offer or a corporate transaction, the price per such Share paid in such tender or exchange offer or corporate transaction; or (ii) if
the Change in Control is not the result of a tender or exchange offer or a corporate transaction, the Fair Market Value per Share
on the date of the Change in Control. To the extent the consideration paid in any such transaction described above consists in
full or in part of securities or other noncash consideration, the value of such securities or other noncash consideration shall
be determined in the sole discretion of the Committee.

 

(i)     
“Code” shall mean the Internal Revenue Code of 1986, as amended from time to time, and any successor
thereto.

 

(j)     
“Committee” shall mean the Compensation Committee of the Board or such other persons or committee or
subcommittee to which it has delegated any authority, as may be appropriate.

 

    	2

     

    

 

(k)    “Company”
shall mean HMS Holdings Corp., a Delaware corporation.

 

(l)     
“Director” shall mean a member of the Board.

 

(m)   “Dividend
Equivalent” shall mean an amount equal to any dividends or other distributions declared and paid on an equal number of
outstanding Shares.

 

(n)    “Effective
Date” shall mean May 22, 2019, the date this Plan is effective.

 

(o)    “Employee”
shall mean any employee of the Company or any Affiliate. For any and all purposes under this Plan, the term “Employee”
shall not include a person hired as an independent contractor, leased employee, consultant or a person otherwise designated by
the Committee, the Company or an Affiliate at the time of hire as not eligible to participate in or receive benefits under the
Plan or not on the payroll, even if such ineligible person is subsequently determined to be a common law employee of the Company
or an Affiliate or otherwise an employee by any governmental or judicial authority. Unless otherwise determined by the Committee
in its sole discretion, for purposes of the Plan, an Employee shall be considered to have terminated employment or services and
to have ceased to be an Employee if his or her employer ceases to be an Affiliate, even if he or she continues to be employed by
such employer.

 

(p)    “Exchange
Act” shall mean the Securities Exchange Act of 1934, as amended.

 

(q)    “Fair
Market Value” shall mean, with respect to Shares, as of any date, the closing price of the Shares as reported on the
Nasdaq Global Select Market (“Nasdaq”) for that date or, if no such prices are reported for that date, the closing
price on the next preceding date for which such prices were reported, unless otherwise determined by the Committee. The Board or
the Committee can substitute a particular time of day or other measure of “closing sale price” if appropriate because
of exchange or market procedures or can, in its sole discretion, use weighted averages either on a daily basis or such longer period
as complies with Section 409A.

 

(r)     
“Incentive Stock Option” shall mean an Option granted under Section 6 that is intended to meet the
requirements of Section 422 of the Code or any successor provision thereto.

 

(s)     “Nonqualified
Stock Option” shall mean either an Option granted under Section 6 that is not intended to be an Incentive Stock
Option or an Incentive Stock Option that has been disqualified.

 

(t)     
“Option” shall mean any right granted to a Participant under the Plan allowing such Participant to purchase
Shares at such price or prices and during such period or periods as the Committee shall determine.

 

(u)    “Participant”
shall mean an Employee or a non-employee Director who is selected by the Committee or the Board from time to time in their sole
discretion to receive an Award under the Plan.

 

(v)    “Performance
Award” shall have the meaning set forth in Section 9 of the Plan.

 

(w)   “Performance
Goals” shall have the meaning set forth in Section 9 of the Plan.

 

(x)    “Performance
Period” shall mean that period established by the Committee at the time any Performance Award is granted or at any time
thereafter during which any performance goals specified by the Committee with respect to such Award are to be measured.

 

    	3

     

    

 

(y)    “Performance
Shares” shall have the meaning set forth in Section 9 of the Plan.

 

(z)     “Performance
Units” shall have the meaning set forth in Section 9 of the Plan.

 

(aa)  “Person”
shall mean any individual, corporation, partnership, association, limited liability company, joint-stock company, trust, unincorporated
organization or government or political subdivision thereof.

 

(bb) “Prior Plan” shall mean the HMS Holdings
Corp. Fourth Amended and Restated 2006 Stock Plan, as amended, the HDI Holdings, Inc. Amended 2011 Stock Option and Stock Issuance
Plan and the HMS Holdings Corp. 2016 Omnibus Incentive Plan.

 

(cc)  “Restricted
Period” shall have the meaning set forth in Section 8 of the Plan.

 

(dd) “Restricted Stock” shall mean any Share
issued with the restriction that the holder may not sell, transfer, pledge or assign such Share and with such other restrictions
as the Committee, in its sole discretion, may impose (including, without limitation, any restriction on the right to vote such
Share and the right to receive any cash dividends), which restrictions may lapse separately or in combination at such time or times,
in installments or otherwise, as the Committee may deem appropriate.

 

(ee)  “Restricted
Stock Award” shall mean an award of Restricted Stock under Section 8 of the Plan.

 

(ff)   “Restricted
Stock Unit” shall mean a unit that is valued by reference to a Share, which value may be paid to the Participant by delivery
of cash, Shares or such other property as the Committee shall determine and with such restrictions as the Committee, in its sole
discretion, may impose and which may lapse separately or in combination at such time or times, in installments or otherwise, as
the Committee may deem appropriate.

 

(gg) “Restricted Stock Unit Award” shall mean
an award of Restricted Stock Units under Section 8 of the Plan.

 

(hh) “Section 16 Participant” shall have
the meaning set forth in Section 16 of the Plan.

 

(ii)    “Shares”
shall mean the shares of common stock of the Company.

 

(jj)      
“Spread” shall have the meaning set forth in Section 7 of the Plan.

 

(kk) “Stock Appreciation Right” shall have the
meaning set forth in Section 7 of the Plan.

 

(ll) “Substitute Award” shall mean Awards granted
or Shares issued by the Company in assumption of, or in substitution or exchange for, awards previously granted, in each case by
a company acquired by the Company or any Subsidiary or with which the Company or any Affiliate combines.

 

    	4

     

    

 

 SECTION  3.             Administration

 

The Plan shall be administered by the Committee. The Committee shall
have full power and authority, subject to such orders or resolutions not inconsistent with the provisions of the Plan as may from
time to time be adopted by the Board or the Committee, to (a) select the Employees and directors of the Company and its Affiliates
to whom Awards may from time to time be granted hereunder; (b) determine the type or types of Award to be granted to each
Participant hereunder; (c) determine the number of Shares to be covered by or relating to each Award granted hereunder; (d) determine
the terms and conditions, not inconsistent with the provisions of the Plan, of any Award granted hereunder including, but not limited
to, the exercise price, grant price, or purchase price, any performance goals, any restrictions or limitations on the Award, any
schedule for vesting that complies with the terms of the Plan, lapse of forfeiture restrictions or restrictions on the exercisability
of an Award, and accelerations or waivers thereof, and any provisions related to clawback or recoupment with respect to an Award,
based in each case on such considerations as the Committee in its sole discretion determines; (e) determine whether, to what
extent and under what circumstances Awards may be settled in cash, Shares or other property or canceled or suspended; (f) determine
whether, to what extent, and under what circumstances payment of cash, Shares, other property and other amounts payable with respect
to an Award made under the Plan shall be deferred either automatically or at the election of the Participant in a manner consistent
with Section 409A; (g) interpret and administer the Plan and any instrument or agreement entered into under the Plan; (h) establish
such rules and regulations and appoint such agents as it shall deem appropriate for the proper administration of the Plan; and
(i) make any other determination and take any other action that the Committee deems necessary or desirable for administration
of the Plan. The Committee may, in its sole and absolute discretion, and subject to the provisions of the Plan, from time to time
delegate any or all of its authority to administer the Plan to any other persons or committee as it deems necessary or appropriate
for the proper administration of the Plan, except that no such delegation shall be made in the case of Awards intended to be qualified
under Rule 16b-3 of the Exchange Act. The decisions of the Committee shall be final, conclusive and binding with respect to the
interpretation and administration of the Plan and any grant made under it. The Committee shall make, in its sole discretion, all
determinations arising in the administration, construction or interpretation of the Plan and Awards under the Plan, including the
right to construe disputed or doubtful Plan or Award terms and provisions, and any such determination shall be conclusive and binding
on all persons, except as otherwise provided by law. A majority of the members of the Committee may determine its actions and fix
the time and place of its meetings.

        

Except as provided in Section 12, the Committee shall be authorized
to make adjustments in Performance Award criteria or in the terms and conditions of other Awards in recognition of unusual or nonrecurring
events affecting the Company or its financial statements or changes in applicable laws, regulations or accounting principles. The
Committee may correct any defect, supply any omission or reconcile any inconsistency in the Plan or any Award in the manner and
to the extent it shall deem desirable to carry it into effect. In the event that the Company shall assume outstanding employee
benefit awards or the right or obligation to make future such awards in connection with the acquisition of or combination with
another corporation or business entity, the Committee may, in its discretion, make such adjustments in the terms of Awards under
the Plan as it shall deem appropriate.

 

 SECTION 4.             Shares Subject to the Plan

 

(a)     Subject
to adjustment as provided in Section 4(c), a total of 9,100,000 Shares shall be authorized for Awards granted under the Plan,
less one (1) Share for every one (1) Share subject to an option or stock appreciation right granted under the Prior Plan after
March 5, 2019 and 1.5 Shares for every one (1) Share subject to Awards other than options and stock appreciation rights granted
under the Prior Plan after March 5, 2019. Any Shares that are subject to Options or Stock Appreciation Rights shall be counted
against this limit as one (1) Share for every one (1) Share granted, and any Shares that are subject to Awards other than Options
or Stock Appreciation Rights shall be counted against this limit as 1.5 Shares for every one (1) Share granted. After the Effective
Date of the Plan, no awards may be granted under the Prior Plan.

 

(b)    Any Shares
issued hereunder may consist, in whole or in part, of authorized and unissued Shares, treasury Shares or Shares purchased in the
open market or otherwise.

 

(c)     In
the event of any merger, reorganization, consolidation, recapitalization, stock dividend, special cash dividend, stock split, reverse
stock split, spin-off or similar transaction or other change in corporate structure affecting the Shares, the equitable adjustments
and other substitutions shall be made to the Plan and to Awards as the Committee, in its sole discretion, deems necessary, including,
without limitation, such adjustments to performance criteria and in the aggregate number, class and kind of securities that may
be delivered under the Plan, in the aggregate or to any one Participant, in the number, class, kind and option or exercise price
of securities subject to outstanding Awards granted under the Plan (including, if the Committee deems appropriate, the substitution
of similar options to purchase the shares of, or other awards denominated in the shares of, another company) as the Committee may
determine to be appropriate in its sole discretion; provided, however, that the number of Shares subject to any Award shall always
be a whole number and further provided that in no event may any change be made to an Incentive Stock Option which would constitute
a modification within the meaning of Section 424(h)(3) of the Code.

 

    	5

     

    

 

(d)    Any Shares
that are not purchased or awarded under an Award that has terminated or lapsed or has been forfeited, either by its terms or pursuant
to the exercise, in whole or in part, of an Award granted under the Plan and any Shares that are withheld by the Company to satisfy
the tax withholding obligation for Awards other than Options or Stock Appreciation Rights may be used for the further grant of
Awards. In addition, if Shares under an Award are not issued because the Award is settled in cash, the Shares may be used for the
further grant of Awards. Shares under this subsection that may be used for the further grant of Awards shall be added back as one
(1) Share if the Shares were subject to Options or Stock Appreciation Rights, and (ii) as 1.5 Shares if the Shares were
subject to Awards other than Options or Stock Appreciation Rights. For purposes of determining the number of Shares that are again
available for further grants of Awards under this subsection, the term “Award” includes any Prior Plan awards that
are outstanding after March 5, 2019, and the term “Options or Stock Appreciation Rights” includes any Prior Plan options
and stock appreciation rights that are outstanding after March 5, 2019.

 

(e)     Notwithstanding
anything to the contrary, the following Shares shall not be added to the maximum share limitations described above: (i) Shares
tendered or withheld by the Company in payment of the exercise price of an Option; (ii) Shares withheld by the Company to
satisfy the tax withholding obligations for Options or Stock Appreciation Rights; (iii) Shares subject to a Stock Appreciation
Right that are not issued in connection with its stock settlement on exercise thereof; and (iv) Shares reacquired by the Company
on the open market or otherwise using cash proceeds from the exercise of an Option. Stock Appreciation Rights that may only be
settled in cash will not reduce the number of Shares available for award under the Plan. For purposes of determining the number
of Shares that will not again be available for further grants of Awards under this subsection, the term “Options or Stock
Appreciation Rights” includes any Prior Plan options and stock appreciation rights that are outstanding after March 5, 2019.

 

(f)     
To the extent consistent with the requirements of Section 422 of the Code and regulations thereunder with respect to
Shares available for Incentive Stock Options, and with other applicable legal requirements (including applicable stock exchange
requirements), Shares issued under awards of an acquired company that are converted, replaced, or adjusted in connection with the
acquisition will not reduce the number of Shares available for Awards under the Plan.

 

(g)    The maximum
number of Shares subject to Awards granted during a single fiscal year to any non-employee Director, taken together with any cash
fees paid to such non-employee Director during the fiscal year, in respect of the Director’s service as a member of the Board
during such year (including, without limitation, service as a member or chair of any committees of the Board), shall not exceed
$500,000 in total value (calculating the value of any such Awards based on the grant date fair value of such Awards for financial
reporting purposes). The Committee may make exceptions to this limit for a non-executive chair of the Board or, in extraordinary
circumstances, for other individual non-employee Directors, as the Committee may determine in its discretion, provided that the
non-employee Director receiving such additional compensation may not participate in the decision to award such compensation.

 

(h)     Substitute
Awards shall not reduce the Shares authorized for grant under the Plan, nor shall Shares subject to a Substitute Award be added
to the Shares available for Awards under the Plan as provided in Section 4(a) above. Additionally, in the event that a company
acquired by the Company or any subsidiary or with which the Company or any subsidiary combines has shares available under a pre-existing
plan approved by shareholders and not adopted in contemplation of such acquisition or combination, the shares available for grant
pursuant to the terms of such pre-existing plan (as adjusted, to the extent appropriate, using the exchange ratio or other adjustment
or valuation ratio or formula used in such acquisition or combination to determine the consideration payable to the holders of
common stock of the entities party to such acquisition or combination) may be used for Awards under the Plan and shall not reduce
the Shares authorized for grant under the Plan (and Shares subject to such Awards shall not be added to the Shares available for
Awards under the Plan as provided in Section 4(a) above), provided that Awards using such available shares shall not be made after
the date awards or grants could have been made under the terms of the pre-existing plan, absent the acquisition or combination,
and shall only be made to individuals who were not Employees or non-employee Directors of the Company prior to such acquisition
or combination.

 

    	6

     

    

 

 SECTION 5.             Eligibility

 

Any Employee or non-employee Director shall be eligible to be selected
as a Participant; provided, however, that Incentive Stock Options shall only be awarded to Employees of the Company, or a parent
or subsidiary, within the meaning of Section 422 of the Code.

 

 SECTION 6.             Stock Options

 

The Committee may grant Options to any Participant, either alone
or in addition to other Awards granted under the Plan and shall be subject to the following terms and conditions and such other
terms and conditions as the Committee may prescribe:

 

(a)     Option
Price.  Other than in connection with Substitute Awards, the option price per Share shall be not less than the Fair
Market Value of the Shares on the date the Option is granted.

 

(b)    Period
of Stock Option.  The period of each Option shall be fixed by the Committee, provided that the period for all Options
shall not exceed ten years from the grant date. The Committee may, subsequent to the granting of any Option, extend the term thereof,
but in no event shall the extended term exceed ten years from the original grant date. Notwithstanding the foregoing, in the event
that on the last business day of the term of an Option (other than an Incentive Stock Option) (i) the exercise of the Option is
prohibited by applicable law or (ii) Shares may not be purchased or sold by certain employees or directors of the Company due to
the “black-out period” of a Company policy or a “lock-up” agreement undertaken in connection with an issuance
of securities by the Company, the Committee may provide that the term of the Option shall be extended but not beyond a period of
thirty (30) days following the end of the legal prohibition, black-out period or lock-up agreement and provided further that no
extension will be made if the option price of such Option at the date the initial term would otherwise expire is below the Fair
Market Value unless such extension is permitted by Section 409A.

 

(c)     Exercise
of Option and Payment Therefore.  No Shares shall be issued until full payment of the option price has been made.
The option price may be paid in cash or, if the Committee determines, by the Participant tendering Shares or by the Company withholding
Shares otherwise issuable in connection with the exercise of the Option, a combination of cash and Shares, or through a cashless
exercise procedure that allows Participants to sell immediately some or all of the Shares underlying the exercised portion of the
Option in order to generate sufficient cash to pay the option price. If the Committee approves the use of Shares as a payment method,
the Committee shall establish such conditions as it deems appropriate for the use of common stock to exercise an Option. Options
awarded under the Plan shall be exercised through such procedure or program as the Committee may establish or define from time
to time, which may include a designated broker that must be used in exercising such Options.

 

(d)    First
Exercisable Date.  The Committee shall determine how and when Shares covered by an Option may be purchased, provided
that such terms shall not be inconsistent with the terms of the Plan. The Committee may establish waiting periods, the dates on
which Options become exercisable or “vested” and, subject to subsection (b) of this section, exercise periods,
subject to the terms of the Plan. The Committee may accelerate the exercisability of any Option or portion thereof, subject to
the terms of the Plan.

 

    	7

     

    

 

(e)     Termination
of Participant’s Employment or Service.  Unless determined otherwise by the Committee, upon the termination
of a Participant’s employment or service (for any reason other than gross misconduct), Option exercise privileges shall be
limited to the Options that were immediately exercisable at the date of such termination. The Committee, however, in its discretion,
may provide that any Options outstanding but not yet exercisable upon the termination of a Participant’s employment or service
may become exercisable in accordance with a schedule determined by the Committee. Such Option exercise privileges shall expire
unless exercised within such period of time after the date of termination of employment or service as may be established by the
Committee, but in no event later than the expiration date of the Option.

 

(f)     
Termination Due to Gross Misconduct.  If a Participant’s employment or Board service is terminated
for gross misconduct, as determined by the Company, all rights under his or her Options shall expire upon the date of such termination.

 

(g)    Limits
on Incentive Stock Options.  Except as may otherwise be permitted by the Code, an Employee may not receive a grant
of Incentive Stock Options for Shares that would have an aggregate Fair Market Value in excess of $100,000 (or such other amount
as the Internal Revenue Service may decide from time to time), determined as of the time that the Incentive Stock Option is granted,
that would be exercisable for the first time by such person during any calendar year. If any grant is made in excess of the limits
provided in the Code, such grant shall automatically become a Nonqualified Stock Option. In no event will Incentive Stock Options
be granted to any Participant who owns more than ten percent of the stock of the Company within the meaning of Section 422
of the Code. Solely for purposes of determining whether Shares are available for the grant of Incentive Stock Options under the
Plan, the maximum aggregate number of Shares that may be issued pursuant to Incentive Stock Options granted under the Plan shall
be 9,100,000 Shares as of the Effective Date, subject to adjustment as provided in Section 4(c) and (f) (and shareholder approval
of the Plan) to the extent consistent with the requirements of Section 422 of the Code and regulations thereunder, and reduced
by Shares subject to any Awards granted under the Prior Plan after March 5, 2019.

 

(h)    No
Dividend Equivalents.  Anything in the Plan to the contrary notwithstanding, no dividends or Dividend Equivalents
may be paid on Options.

 

 SECTION 7.             Stock Appreciation Rights

 

The Committee may grant a right to receive the appreciation in the
Fair Market Value of Shares (“Stock Appreciation Right”) to any Participant. A Stock Appreciation Right may be granted
without any related Option, or may be granted in tandem with an Option, either on the date of grant of the Option or at any time
thereafter during the term of the Option.  Stock Appreciation Rights shall be subject to the following terms and conditions
and such other terms and conditions as the Committee may prescribe:

 

(a)     Period
of Stock Appreciation Right.   The period for exercise of the Stock Appreciation Right shall be set by the Committee,
provided that the period for all Stock Appreciation Rights shall not exceed ten years from the grant date. Notwithstanding the
foregoing, in the event that on the last business day of the term of a Stock Appreciation Right (x) the exercise of the Stock Appreciation
Right is prohibited by applicable law or (y) Shares may not be purchased or sold by certain employees or directors of the Company
due to the “black-out period” of a Company policy or a “lock-up” agreement undertaken in connection with
an issuance of securities by the Company, the Committee may provide that the term of the Stock Appreciation Right shall be extended
but not beyond a period of thirty (30) days following the end of the legal prohibition, black-out period or lock-up agreement and
provided further that no extension will be made if the grant price of such Stock Appreciation Right at the date the initial term
would otherwise expire is below the Fair Market Value unless such extension is permitted by Section 409A.  

 

(b)    Value
of Stock Appreciation Right.  Other than in connection with a Substitute Award, a Stock Appreciation Right shall
have a grant price per Share of not less than the Fair Market Value of one Share on the date of grant or, if applicable, on the
date of grant of an Option with respect to a Stock Appreciation Right granted in exchange for or in tandem with, but subsequent
to, the Option (subject to the requirements of Section 409A). A Participant who is granted a Stock Appreciation Right will receive
upon exercise of the Stock Appreciation Right an amount equal to the excess of the Fair Market Value of the Shares on the date
the election to surrender such Stock Appreciation Right is received by the Company, in accordance with exercise procedures established
by the Company, over the Fair Market Value of the Shares on the date of grant multiplied by the number of Shares covered by the
grant of the Stock Appreciation Right (the “Spread”). Notwithstanding the foregoing, in its sole discretion the Committee
at the time it grants a Stock Appreciation Right may provide that the Spread covered by such Stock Appreciation Right may not exceed
a specified amount.

 

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(c)     Payment
of Stock Appreciation Right.  Payment of a Stock Appreciation Right shall be in the form of Shares, cash or any combination
of Shares and cash. The form of payment upon exercise of such a right shall be determined by the Committee either at the time of
grant of the Stock Appreciation Right or at the time of exercise of the Stock Appreciation Right.

 

(d)    No
Dividend Equivalents.  Anything in the Plan to the contrary notwithstanding, no dividends or Dividend Equivalents
may be paid on Stock Appreciation Rights.

 

 SECTION 8.             Restricted Stock Awards and Restricted Stock Unit Awards

 

The Committee may grant Restricted Stock Awards and Restricted Stock
Unit Awards to any Participant, which Awards shall be subject to the following terms and conditions and such other terms and conditions
as the Committee may prescribe:

 

(a)     Requirement
of Employment or Board Membership.  A Participant who is granted a Restricted Stock Award or Restricted Stock Unit
Award must remain an Employee or a Director of the Company during a period designated by the Committee (“Restricted Period”)
in order to vest in or receive the Shares, cash or combination thereof under the Restricted Stock Award or Restricted Stock Unit
Award. If the Participant ceases being an Employee or a Director of the Company prior to the end of the Restricted Period, the
Restricted Stock Award or Restricted Stock Unit Award shall terminate and any Shares subject to a Restricted Stock Award shall
be returned immediately to the Company, provided that the Committee may, at the time of the grant, provide for the employment or
Board membership restriction to lapse with respect to a portion or portions of the Restricted Stock Award or Restricted Stock Unit
Award at different times during the Restricted Period. The Committee may, in its discretion, also provide for such complete or
partial exceptions to the employment or Board membership restriction as it deems equitable.

 

(b)    Restrictions
on Transfer and Legend on Stock Certificates.  During the Restricted Period, the Participant may not sell, assign,
transfer, pledge or otherwise dispose of the Restricted Stock Award or Restricted Stock Unit Award, including but not limited to
any Shares. Any certificate for Shares issued hereunder shall contain a legend giving appropriate notice of the restrictions in
the Award.

 

(c)     Escrow
Agreement.  The Committee may require the Participant to enter into an escrow agreement providing that any certificates
representing the Restricted Stock Award will remain in the physical custody of an escrow holder until all restrictions are removed
or expire.

 

(d)    Lapse
of Restrictions.  All restrictions imposed under the Restricted Stock Award or Restricted Stock Unit Award shall
lapse upon the expiration of the Restricted Period if the conditions as to employment or Board membership set forth above have
been met. The Participant shall then be entitled to have the legend removed from any certificates for Restricted Stock. Restricted
Stock Awards and Restricted Stock Unit Awards may be paid in the form of Shares, cash or any combination of Shares and cash as
determined by the Committee. The Committee may establish rules and procedures to permit a Participant to defer recognition of income
upon the expiration of the Restricted Period.

 

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(e)     Dividends
and Dividend Equivalents.  

 

(i)                 
Restricted Stock will accrue ordinary cash dividends, unless the Board or the Committee determines otherwise and applicable
law permits such nonaccrual. Participants holding shares of Restricted Stock will only be entitled to such cash dividends if specifically
provided in the applicable Award Agreement, will only receive the dividends if the Restricted Stock vests, and will then receive
dividends only prospectively unless the Board, the Committee or the applicable Award Agreement provides for the payment of prior
dividends upon or after vesting. Any dividend payment will be made no later than the latest of the end of the calendar year in
which the dividends are paid to shareholders of that class of stock, the 15th day of the third month following the date the dividends
are paid to shareholders of that class of stock, or the 15th day of the third month following the date on which the Restricted
Stock to which the dividends pertain vests. If any dividends or distributions are paid in shares, or consist of a dividend or distribution
to holders of Shares other than an ordinary cash dividend, the Shares, cash or other property will be subject to the same restrictions
on transferability and forfeitability as the shares of Restricted Stock with respect to which they were paid.

 

(ii)               
To the extent provided by the Board or the Committee, a Restricted Stock Unit Award may include the right to Dividend Equivalents.
Dividend Equivalents may be settled in cash and/or Shares and will be subject to the same vesting conditions and restrictions on
transfer and forfeitability as the Restricted Stock Units with respect to which they are paid, as determined by the Board or the
Committee in its sole discretion. Any Dividend Equivalent payments will be made no later than the latest of the end of the calendar
year in which the dividends are paid to shareholders of the class of stock underlying the Restricted Stock Units, the 15th day
of the third month following the date the dividends are paid to shareholders of that class of stock, or the 15th day of the third
month following the date on which the Restricted Stock Unit to which the dividends pertain vests, absent a further deferral that
complies with Section 409A.

 

(iii)             
Notwithstanding any other provision of the Plan to the contrary, with respect to any Restricted Stock Award or Restricted
Stock Unit Award that provides for or includes a right to dividends or Dividend Equivalents, if dividends are declared during the
period that such Restricted Stock Award or Restricted Stock Unit Award is outstanding, such dividends or Dividend Equivalents shall
not be paid to a Participant unless and until the Restricted Stock Award or Restricted Stock Unit Award to which they relate has
vested.

 

(f)     
Performance Goals.  The Committee may, but is not required to, issue Restricted Stock Awards or Restricted
Stock Unit Awards under Section 9 conditioned on the achievement of one or more Performance Goals (as defined in Section 9(a)).

 

(g)    Vesting.  The
restrictions on each Restricted Stock Award or Restricted Stock Unit Award will lapse at such time or times, and on such conditions,
as the Committee may specify.

 

 SECTION 9.             Performance Awards

 

The Committee may grant Awards denominated in Shares (“Performance
Shares”) or denominated in dollars (“Performance Units”) if the performance of the Company or its subsidiaries
during one or more Performance Periods contained within the Award Period (as defined below) meets certain goals established by
the Committee (“Performance Awards”). Subject to adjustment as provided in Section 4(c), the following limits will
apply to Awards of the specified type granted to any one Participant in any single fiscal year:

 

(x) Appreciation Awards – Options and Stock Appreciation
Rights: 1,500,000 Shares;

 

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(y) Full Value Awards – Restricted Stock Award,
Restricted Stock Unit Award, Performance Shares, and Dividend Equivalents: 1,000,000 Shares; and

 

(z) Cash Awards – Performance Units: $5,000,000.

 

In applying the foregoing limits, (a) all Awards of the specified
type granted to the same Participant in the same fiscal year will be aggregated and made subject to the applicable limit; (b) the
limits applicable to Options and Stock Appreciation Rights refer to the number of Shares subject to those Awards; (c) the Share
limit under clause (y) refers to the maximum number of Shares that may be delivered under an Award or Awards of the type specified
in clause (y) assuming a maximum payout; and (d) the dollar limit under clause (z) refers to the maximum dollar amount payable
under an Award or Awards of the type specified in clause (z) assuming a maximum payout. The limit specified for Cash Awards is
in addition to, and not in replacement of or counted into, the dollar value limit on awards made to any Participant in a 12-month
period under the Company’s Annual Incentive Compensation Plan, as may be amended from time to time. Performance Awards shall
be subject to the following terms and conditions and such other terms and conditions as the Committee may prescribe:

 

(a)     Award
Period and Performance Goals.  The Committee shall determine and include in a Performance Award grant the period
of time for which a Performance Award is made (“Award Period”). The Committee also shall establish performance objectives
(“Performance Goals”) to be met during any one or more Performance Periods contained within the Award Period as a condition
to payment of the Performance Award. The Performance Goals shall be based on attainment of one or any combination of the following
performance criteria, as determined under generally accepted accounting principles (“GAAP”) (where applicable for matters
subject to GAAP) or as otherwise adjusted and reported by the Company as non-GAAP measures, which may include, without limitation:
net sales; revenue; revenue growth or product revenue growth; operating income (before or after taxes); pre- or after-tax income
(before or after allocation of corporate overhead and bonuses); earnings per share; net income (before or after taxes); return
on equity; total shareholder return; return on assets or net assets; appreciation in and/or maintenance of the price of the Shares
or any other publicly-traded securities of the Company; market share; gross profits; earnings (including earnings or losses before
taxes, before interest and taxes, or before interest, taxes, depreciation and amortization); economic value-added models or equivalent
metrics; comparisons with various stock market indices; reductions in costs; cash flow or cash flow per share (before or after
dividends); return on capital (including return on total capital or return on invested capital); cash flow return on investment;
improvement in or attainment of expense levels or working capital levels, including cash, and accounts receivable; operating margin;
gross margin; year-end cash; cash margin; debt reduction; shareholders equity; operating efficiencies; and client growth.

 

The Performance Goals designated by the Committee may be based solely
by reference to the Company’s performance or the performance of an Affiliate, division, business segment or business unit
of the Company, or based upon the relative performance of other companies or upon comparisons of any of the indicators of performance
relative to other companies. The Committee may provide that any evaluation of performance may include or exclude charges or adjustments
related to an event or occurrence that the Committee determines should appropriately be included or excluded because it involves
(i) restructurings, discontinued operations, or items that are unusual in nature or infrequently occurring, (ii) the cumulative
effects of tax or accounting changes in accordance with GAAP, or (iii) foreign exchange gains and losses. Performance Goals may
include any other financial or other criteria established by the Committee.

 

(b)    Payment
of Performance Awards.  The Committee shall establish the method of calculating the amount of payment to be made
under a Performance Award if the Performance Goals are met, including the fixing of a maximum payment. After the completion of
each Performance Period within an Award Period, the performance of the Company or its subsidiary shall be measured against the
Performance Goals, and the Committee shall determine, in accordance with the terms of such Performance Award, whether all, none
or any portion of a Performance Award shall be paid. The Committee, in its discretion, may elect to make payment in Shares, cash
or a combination of Shares and cash. Any cash payment with respect to an Award denominated in Shares shall be based on the Fair
Market Value of Shares on, or as soon as practicable prior to, the date of payment. The Committee may establish rules and procedures
to permit a Participant to defer recognition of income upon the attainment of a Performance Award.

 

    	11

     

    

 

(c)     Revision
of Performance Goals.  The Committee may revise the Performance Goals and the computation of payment if unforeseen
events occur which have a substantial effect on the performance of the Company or its subsidiary and which, in the judgment of
the Committee, make the application of the Performance Goals unfair unless a revision is made.

 

(d)    Requirement
of Employment.  A Participant who is granted a Performance Award must remain an Employee of the Company or its subsidiaries
until the completion of the Award Period in order to be entitled to payment under the Performance Award; provided that the Committee
may, in its discretion, provide for a full or partial payment where such an exception is deemed equitable or where multiple Performance
Periods are contained within an Award Period.

 

(e)     Dividends.  The
Committee may, in its discretion, at the time of the granting of a Performance Award, provide that any dividends declared on the
Shares during the Award Period, and which would have been paid with respect to Performance Shares had they been owned by a Participant,
be (i) paid to the Participant to the extent that the Performance Shares are earned, (ii) accumulated for the benefit
of the Participant and used to increase the number of Performance Shares of the Participant or (iii) not paid or accumulated.
In no event will dividends or Dividend Equivalents be paid on unearned Performance Awards.

 

 SECTION 10.          Other Share-Based Awards and Cash Awards

 

(a)       Other Share-Based
Awards. Other Awards of Shares, and other Awards that are valued in whole or in part by reference to, or are otherwise based
on, Shares, may be granted hereunder to Participants (“Other Share-Based-Awards”), including without limitation Awards
entitling recipients to receive Shares to be delivered in the future. Such Other Share-Based Awards shall also be available as
a form of payment in the settlement of other Awards granted under the Plan or as payment in lieu of compensation to which a Participant
is otherwise entitled. Other Share-Based Awards may be paid in Shares or cash, as the Board or the Committee shall determine. Subject
to the provisions of the Plan, the Board or the Committee shall determine the terms and conditions of each Other Share-Based Award,
including any conditions for vesting and repurchase (or forfeiture) and purchase price applicable thereto (applying principles
like those set forth in Section 8(g) above and with the same carve outs).

 

(b)       Cash Awards.
The Board or the Committee may grant Awards hereunder to Participants that are solely payable in cash (“Cash Awards”),
that are valued in whole or in part by reference to, or otherwise based on, Shares or that are based on such other criteria or
measures as determined by the Committee in its sole discretion. The terms and conditions of any such Cash Award shall be specified
in the applicable Award Agreement.

 

 SECTION 11.          Change in Control Provisions

 

(a)    Unless
provided otherwise in the terms of a particular Award, and notwithstanding any other provision of the Plan to the contrary, in
the event a Participant’s employment or service is involuntarily terminated without cause (as determined by the Committee
or Board in its sole discretion) during the 24-month period following a Change in Control:

 

(i)       any Options
and Stock Appreciation Rights outstanding, which are not then exercisable and vested, shall become immediately fully vested and
exercisable;

 

    	12

     

    

 

(ii)       the restrictions
and deferral limitations applicable to any Restricted Stock Award or Restricted Stock Unit Award shall lapse, and such Restricted
Stock and Restricted Stock Units shall immediately become free of all restrictions and limitations and become fully vested and
transferable to the full extent of the original grant;

 

(iii)       all Performance
Awards shall be considered to be earned and payable in full, based on the applicable performance criteria or, if not determinable,
at the target level and any deferral or other restriction shall lapse and such Performance Awards shall be immediately settled
or distributed;

 

(iv)       the restrictions
and deferral limitations and other conditions applicable to any Other Share-Based Awards or any other Awards shall immediately
lapse, and any such other Awards shall become free of all restrictions, limitations or conditions and become fully vested and transferable
to the full extent of the original grant.

 

(b)       Unless provided otherwise
in the terms of a particular Award, to the extent the successor company does not assume or substitute an Award, then immediately
prior to the Change in Control:

(i)       those Options
and Stock Appreciation Rights outstanding as of the date of the Change in Control that are not assumed or substituted for (or continued)
shall immediately vest and become fully exercisable;

 

(ii)       restrictions,
limitations and other conditions applicable to Restricted Stock and Restricted Stock Units that are not assumed or substituted
for (or continued) shall lapse and the Restricted Stock and Restricted Stock Units shall become free of all restrictions, limitations
and conditions and become fully vested;

 

(iii)        the restrictions,
other limitations and other conditions applicable to any Other Share-Based Awards or any other Awards that are not assumed or substituted
for (or continued) shall lapse, and such Other Share-Based Awards or such other Awards shall become free of all restrictions, limitations
and conditions and become fully vested and transferable to the fullest extent of the original grant; and

 

(iv)        any performance
based Award shall be deemed fully earned at the target amount as of the date on which the Change of Control occurs.

 

(c)       Change in Control
Cash Out.  Notwithstanding any other provision of the Plan, in the event of a Change in Control the Committee or
Board may, in its discretion, provide that each Option or Stock Appreciation Right shall, upon the occurrence of a Change in Control,
be cancelled in exchange for a cash payment to be made within 60 days of the Change in Control in an amount equal to the amount
by which the Change in Control Price per Share exceeds the purchase price per Share under the Option or Stock Appreciation Right
multiplied by the number of Shares granted under the Option or Stock Appreciation Right. Any Option or Stock Appreciation Rights
whose purchase price per Share exceeds the Change in Control Price per Share may be cancelled without payment of consideration.

 

(d)       Compliance with
Section 409A.  In the case of an Award providing for the payment of deferred compensation subject to Section 409A,
any payment of such deferred compensation by reason of a Change in Control shall be made only if the Change in Control is one described
in subsection (a)(2)(A)(v) of Section 409A and the guidance thereunder and shall be paid consistent with the requirements
of Section 409A. If any deferred compensation that would otherwise be payable by reason of a Change in Control cannot be paid
by reason of the immediately preceding sentence, it shall be paid as soon as practicable thereafter consistent with the requirements
of Section 409A, as determined by the Committee.

 

    	13

     

    

 

 SECTION 12.          Amendments and Termination

 

(a)       The Board may amend,
suspend or terminate the Plan or any portion thereof at any time provided that (i) no amendment that would require shareholder
approval under the rules of Nasdaq may be made effective unless and until the Company’s shareholders approve such amendment;
and (ii) if Nasdaq amends its corporate governance rules so that such rules no longer require shareholder approval of material
amendments to equity compensation plans, then, from and after the effective date of such amendment to the Nasdaq rules, no amendment
to the Plan (A) materially increasing the number of shares authorized under the Plan (other than pursuant to Section 4 or 11),
(B) expanding the types of Awards that may be granted under the Plan, or (C) materially expanding the class of Participants eligible
to participate in the Plan shall be effective unless and until the Company’s shareholders approve such amendment. In addition,
if at any time the approval of the Company’s shareholders is required as to any other modification or amendment under Section
422 of the Code or any successor provision with respect to Incentive Stock Options, the Board may not effect such modification
or amendment without such approval. Unless otherwise specified in the amendment, any amendment to the Plan adopted in accordance
with this Section 12 shall apply to, and be binding on the holders of, all Awards outstanding under the Plan at the time the amendment
is adopted, provided the Board determines that such amendment, taking into account any related action, does not materially and
adversely affect the rights of Participants under the Plan. Notwithstanding the foregoing, without consent of affected Participants,
Awards may be amended, revised or revoked when necessary to avoid penalties under Section 409A.

 

(b)       Unless such action
is approved by the Company’s shareholders, the Company may not, with respect to any outstanding Option or Stock Appreciation
Right granted under the Plan (except as provided for under Section 4(c) or Section 11): (i) amend any Option or Stock Appreciation
Right to provide an exercise price or measurement price per share that is lower than the then-current exercise price or measurement
price per share of such outstanding Option or Stock Appreciation Right, (ii) cancel any Option or Stock Appreciation Right and
grant in substitution therefor new Awards under the Plan covering the same or a different number of Shares and having an exercise
price or measurement price per share lower than the then-current exercise price or measurement price per share of the cancelled
option or stock appreciation right, (iii) cancel for cash any Options or Stock Appreciation Rights that have exercise prices or
measurement prices per share above the then-current Fair Market Value, other than under Section 12, or (iv) take any other action
that constitutes a “repricing” within the meaning of the rules of Nasdaq, provided that nothing in this Section 12(b)
shall prevent the Board or the Committee from making adjustments pursuant to Section 4(c), exchanging or cancelling Awards pursuant
to a Change in Control as provided in Section 11 or substituting Awards in accordance with Section 4(h).

 

 SECTION 13.          Transferability

 

Each Incentive Stock Option granted under the Plan shall not be
transferable other than by will or the laws of descent and distribution; each other Award granted under the Plan will not be transferable
or assignable by the recipient, and may not be made subject to execution, attachment or similar procedures, other than by will
or the laws of descent and distribution or as determined by the Committee in accordance with the Exchange Act or any other applicable
law or regulation. Notwithstanding the foregoing, the Committee, in its discretion, may adopt rules permitting the transfer, solely
as gifts during the grantee’s lifetime, of Options (other than Incentive Stock Options) to members of a Participant’s
immediate family or to trusts, family partnerships or similar entities for the benefit of such immediate family members. For this
purpose, immediate family member means the Participant’s spouse, parent, child, stepchild, grandchild and the spouses of
such family members. The terms of an Option shall be final, binding and conclusive upon the beneficiaries, executors, administrators,
heirs and successors of the grantee.

 

 SECTION 14.          General Provisions

 

(a)     Nothing
in the Plan shall be construed to limit the right of the Company to establish other plans or to pay compensation to its employees,
in cash or property, in a manner that is not expressly authorized under the Plan.

 

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(b)    Nothing
in the Plan shall be construed (i) to limit, impair or otherwise affect the Company’s right or power to make adjustments,
reclassifications, reorganizations or changes of its capital or business structure, or to merge or consolidate, or dissolve, liquidate,
sell or transfer all or any part of its business or assets, or (ii) except as provided in Section 12, to limit the right
or power of the Company or its subsidiaries to take any action which such entity deems to be necessary or appropriate.

 

(c)     The
Participant must satisfy all applicable federal, state, and local or other income and employment tax withholding obligations before
the Company will deliver stock certificates or otherwise recognize ownership of Shares under an Award. The Company may decide to
satisfy the withholding obligations through additional withholding on salary or wages. If the Company elects not to or cannot withhold
from other compensation, the Participant must pay the Company the full amount, if any, required for withholding or have a broker
tender to the Company cash equal to the withholding obligations. Payment of withholding obligations is due before the Company will
issue any Shares on exercise, vesting or release from forfeiture of an Award or, if the Company so requires, at the same time as
payment of the exercise or purchase price, unless the Company determines otherwise. If provided for in an Award or approved by
the Board or the Committee in its sole discretion, a Participant may satisfy such tax obligations in whole or in part by delivery
(either by actual delivery or attestation) of Shares, including Shares retained from the Award creating the tax obligation, valued
at their Fair Market Value; provided, however, except as otherwise provided by the Board or the Committee, that the total tax withholding
where stock is being used to satisfy such tax obligations cannot exceed the Company’s minimum statutory withholding obligations
(based on minimum statutory withholding rates for federal and state tax purposes, including payroll taxes, that are applicable
to such supplemental taxable income) or, if permitted by the Company, such other rate as will not cause adverse accounting consequences
and is permitted under applicable IRS withholding rules. Shares used to satisfy tax withholding requirements cannot be subject
to any repurchase, forfeiture, unfulfilled vesting or other similar requirements.

 

(d)    Any proceeds
received by the Company under the Plan shall be added to the general funds of the Company and shall be used for such corporate
purposes as the Board or the Committee shall direct.

 

(e)     Nothing
in the Plan or any Award granted under the Plan shall be deemed to constitute an employment or service contract or confer or be
deemed to confer on any Employee or Participant any right to continue in the employ or service of, or to continue any other relationship
with, the Company or any Affiliate or limit in any way the right of the Company or any Affiliate to terminate an Employee’s
employment or a Participant’s service at any time, with or without cause.

 

(f)     
All certificates for Shares delivered under the Plan pursuant to any Award shall be subject to such stock-transfer orders
and other restrictions as the Committee may deem advisable under the rules, regulations and other requirements of the Securities
and Exchange Commission, any stock exchange upon which the Shares are then listed, and any applicable federal or state securities
law, and the Committee may cause a legend or legends to be put on any such certificates to make appropriate reference to such restrictions.

 

(g)    No Award
granted hereunder shall be construed as an offer to sell securities of the Company, and no such offer shall be outstanding, unless
and until the Committee in its sole discretion has determined that any such offer, if made, would comply with all applicable requirements
of the U.S. federal securities laws and any other laws to which such offer, if made, would be subject.

 

(h)    Any Award
shall contain a provision that it may not be exercised at a time when the exercise thereof or the issuance of shares thereunder
would constitute a violation of any federal or state law or listing requirements of Nasdaq for such shares or a violation of any
foreign jurisdiction where Awards are or will be granted under the Plan.

 

(i)     
The Board may from time to time establish one or more sub-plans under the Plan for purposes of satisfying applicable securities,
tax or other laws of various jurisdictions. The Board shall establish such sub-plans by adopting supplements to the Plan containing
(i) such limitations on the Board’s discretion under the Plan as the Board deems necessary or desirable or (ii) such additional
terms and conditions not otherwise inconsistent with the Plan as the Board shall deem necessary or desirable. All supplements adopted
by the Board shall be deemed part of the Plan, but each supplement shall apply only to Participants within the affected jurisdiction
and the Company shall not be required to provide copies of any supplement to Participants in any jurisdiction that is not the subject
of such supplement.

 

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(j)     
The provisions of the Plan shall be construed, regulated and administered according to the laws of the State of Delaware
without giving effect to principles of conflicts of law, except to the extent superseded by any controlling federal statute.

 

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

 

(l)     
If approved by the Committee in its sole discretion, an Employee’s absence or leave because of military or governmental
service, disability or other reason shall not be considered an interruption of employment for any purpose under the Plan.

 

(m)    Anything to
the contrary in the Plan notwithstanding, the Committee may (i) offset any Award by amounts reasonably believed to be owed
to the Company by the Participant and (ii) disallow an Award to be exercised or otherwise payable during a time when the Company
is investigating reasonably reliable allegations of gross misconduct by the Participant.

 

(n)    Awards
under the Plan are intended either to be exempt from the rules of Section 409A or to satisfy those rules and shall be construed
accordingly. However, the Company shall not be liable to any Participant or other holder of an Award with respect to any Award-related
adverse tax consequences arising under Section 409A or other provision of the Code.

 

 SECTION 15.          Term of Plan

 

The Plan shall terminate on the tenth anniversary of the Effective
Date, unless sooner terminated by the Board pursuant to Section 12.

 

 SECTION 16.          Compliance with Section 16 of the Exchange Act

 

With respect to Participants subject to Section 16 of the Exchange
Act (“Section 16 Participants”), transactions under the Plan are intended to comply with all applicable conditions
of Rule 16b-3 or its successors under the Exchange Act. To the extent that compliance with any Plan provision applicable solely
to such Section 16 Participants that is included solely for purposes of complying with Rule 16b-3 is not required in
order to bring a transaction by such Section 16 Participant in compliance with Rule 16b-3, it shall be deemed null and
void as to such transaction, to the extent permitted by law and deemed advisable by the Committee. To the extent any provision
in the Plan or action by the Committee involving such Section 16 Participants is deemed not to comply with an applicable condition
of Rule 16b-3, it shall be deemed null and void as to such Section 16 Participants, to the extent permitted by law and
deemed advisable by the Committee.

 

    	16

     

    

 

SECTION 17.           Limitations on Liability

 

Notwithstanding any other provisions of the Plan, no individual acting
as a Director, officer, Employee or agent of the Company will be liable to any Participant, former Participant, spouse, beneficiary,
or any other person for any claim, loss, liability, or expense incurred in connection with the Plan (“Claim”), nor
will such individual be personally liable with respect to the Plan because of any contract or other instrument he or she executes
in his or her capacity as a Director, officer, Employee or agent of the Company. The Company will fully indemnify and hold harmless
each Director, officer, Employee or agent of the Company to whom any duty or power relating to the administration or interpretation
of the Plan has been or will be delegated, against any cost or expense (including attorneys’ fees) or liability (including
any sum paid in settlement of a claim with the Board’s or the Committee’s approval) arising out of any act or omission
to act concerning the Plan unless arising out of such person’s own fraud or bad faith. Except to the extent required by any
unwaiveable requirement under applicable law, no member of the Board or the Committee (and no Affiliate) shall have any duties
or liabilities, including without limitation any fiduciary duties, to any Participant (or any Person claiming by and through any
Participant) as a result of this Plan, any Award Agreement or any Claim arising hereunder.

 

SECTION 18.           Clawback

 

Notwithstanding anything to the contrary, an Award Agreement may
provide that the Committee may cancel such Award if the Participant has engaged in or engages in activity that is in conflict with
or adverse to the interest of the Company while employed by or providing services to the Company or any subsidiary, including fraud
or conduct contributing to any financial restatements or irregularities. The Committee may also provide in an Award Agreement that,
in such event, the Participant will forfeit any compensation, gain or other value realized thereafter on the vesting, exercise
or settlement of such Award, the sale or other transfer of such Award, or the sale of Shares acquired in respect of such Award,
and must promptly repay such amounts to the Company. The Committee may also provide in an Award Agreement that if the Participant
receives any amount in excess of what the Participant should have received under the terms of the Award for any reason (including
without limitation by reason of a financial restatement, mistake in calculations or other administrative error), then the Participant
shall be required to promptly repay any such excess amount to the Company. Furthermore, to the extent required by applicable law
(including, without limitation, Section 304 of the Sarbanes-Oxley Act and Section 954 of the Dodd-Frank Wall Street Reform and
Consumer Protection Act) and/or the rules and regulations of Nasdaq or any other securities exchange or inter-dealer quotation
service on which the Shares are listed or quoted, or if so required pursuant to a written policy adopted by the Company, Awards
shall be subject (including on a retroactive basis) to clawback, forfeiture or similar requirements.

 

 

17

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