Document:

EX-4.26

 Exhibit 4.26 

CHINA MOBILE COMMUNICATION CO., LTD. 

and 
 CHINA TOWER
CORPORATION LIMITED 
  
  

SUPPLEMENTARY AGREEMENT 

TO 
 COMMERCIAL PRICING
AGREEMENT 
  
  

 This Supplementary Agreement to Commercial Pricing Agreement (the “Agreement”) is entered
into by and between the following two parties on 31 January 2018 in Beijing, China: 
  

	 	(1)	China Mobile Communication Co., Ltd., a company incorporated under the laws of the People’s Republic of China with limited liability (“Party A” or “CMC”), whose registered office
is at 29 Jinrong Street, Xicheng District, Beijing, and whose legal representative is Shang Bing; 

  

	 	(2)	China Tower Corporation Limited, a joint stock company with limited liability incorporated under the laws of the People’s Republic of China (“Party B” or “China Tower”), whose
registered office is at 19/F, 73 Fucheng Road, Haidian District, Beijing, and whose legal representative is Liu Aili; 

 (together, the
“Parties” and, individually, a “Party”). 
 WHEREAS: 

On 8 July 2016, the Parties entered into the Commercial Pricing Agreement. Pursuant to the Commercial Pricing Agreement, their respective
provincial subsidiaries entered into Provincial Service Agreements I. 
 THEREFORE, upon mutual negotiations and discussions on an arm’s length
basis, the Parties hereby agree on supplementary provisions to the Commercial Pricing Agreement as follows: 
  

	 	1.	The pricing of tower products stated in Annex 1 Product Catalogue and Pricing of the Agreement shall be adjusted, including: cost markup rate shall be adjusted from 15% to 10%; the sharing discount rate for base price
applicable to towers shared by two lessees shall be increased from 20% to 30%, and that applicable to towers shared by three lessees shall be increased from 30% to 40%, with the extra 5% discount entitled by the first occupier unchanged; for certain
provinces, the adjustment coefficient to reflect difference of standardized construction costs of new tower products in different geographical areas and the discount rate applicable to Acquired Telecommunications Towers shall be adjusted; the
existing sharing discount policy shall be extended to 31 December 2019, upon which time the Parties shall negotiate the pricing terms in this regard. See Annex 1 to the Agreement for details. 

 

	 	2.	The adjusted Product Catalogue and Pricing shall be effective from 1 January 2018 and acknowledged by the respective provincial companies or municipal companies of the parties by entering into Product and Service
Confirmation Letters or Batch Lease Forms. 

  

	 	3.	The term of the Agreement shall be five years, effective from 1 January 2018 and expiring on 31 December 2022. Prior to expiry, the Parties shall negotiate the pricing terms thereafter. 

  
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	 	4.	The Agreement and its annexes shall constitute important supplements to the Commercial Pricing Agreement. The provisions in this Agreement and its annexes shall prevail over any and all prior oral or written
consultation, agreement and arrangement in any form entered into by the Parties and their subsidiaries, to the extent inconsistent. Matters not specified hereunder shall continue to be governed by other agreements or arrangements between the
Parties. 

  

	 	5.	The Agreement shall become effective from the date when it is executed by the legal representatives or authorized representatives and stamped with the respective corporate seals of the Parties. 

 

	 	6.	The Agreement is written in Chinese and shall be executed simultaneously in six counterparts, each of which shall be deemed to have the same binding legal effects. Each Party shall hold three copies. 

  
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 (No text below and the signature pages to the Supplementary Agreement to the Commercial Pricing Agreement
between China Mobile Communication Co., Ltd. and China Tower Corporation Limited (No.Yi You Xian Cai [2018]10) to follow) 
 Party A: 

China Mobile Communication Co., Ltd (chop) 
 Legal Representative
(or Authorized Representative): /s/DONG Xin (signature) 
 Party B: 

China Tower Corporation Limited (chop) 
 Legal Representative
(or Authorized Representative): /s/TONG Jilu (signature) 

  
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 Annex 1: Adjustment to Product Catalogue and Pricing 

 

	I.	Tower Products 

  

	 	(i)	New Tower Products 

  

	 	2.	Product Pricing 

  

	 	(1)	Pricing Formula 

  

	 	5	Cost markup rate: the 15% shall be changed into 10%. 

  

	 	8	Sharing discount rate: 

 Table 4: Sharing Discount Rate 1 (Sharing Discount Rate for Base
Price) shall be changed into: 
  

									
	 	  	Sole User	 	  	Shared by Two
Companies	 	Shared by Three
Companies
	 First-Occupier Lessee
	  	 	–  	 	  	35% discount	 	45% discount
	 Other Lessees
	  	 	–  	 	  	30% discount	 	40% discount

  

	 	(2)	Adjustment of the Standardized Construction Costs 

 The original: 

“Considering that the construction costs vary in different provinces of China, the 31 provinces are divided into four categories. The
following coefficients shall be applied to the adjustment of construction costs based on the national standardized construction costs: 

Category 1: Inner Mongolia, Liaoning, Jiangsu, Jilin, Zhejiang, Sichuan, Heilongjiang, Anhui, Henan, Shanxi, Guangxi, Fujian, Hunan, Hubei,
Gansu, Guangdong, Hainan and Xinjiang, 18 provinces in total, for which the adjustment coefficient is 1.0; 
 Category 2: Hebei, Chongqing,
Shandong, Shaanxi, Jiangxi, Guizhou and Yunnan, seven provinces in total, for which the adjustment coefficient is 0.9; 
 Category 3:
Beijing, Tianjin and Ningxia, three provinces in total, for which the adjustment coefficient is 1.1; 
 Category 4: Shanghai, Tibet and
Qinghai, three provinces in total, for which the adjustment coefficient is 1.86 for Shanghai, 2.38 for Tibet and 1.26 for Qinghai, respectively, consistent with the pricing of Acquired Towers.” 

shall be changed into: 

“Considering that the construction costs vary in different provinces of China, the construction costs for each province shall be adjusted
according to the coefficients listed in Schedule 3 based on the national standardized construction costs”.[ See the revised Schedule 3 ] 

  
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	 	(ii)	Acquired Tower Products 

  

	 	2.	Product Pricing 

  

	 	1	The discount rate: 

 The discount rate applicable for each province shall be revised. See
Revised Schedule 3 for the revised discount rate applicable to each province. 
  

	 	6	Sharing discount: 

 The original: 

“For the Existing Sharing Parties: Prior to 2018, they will be charged at 30% of each of the base price and the site cost. The former
owner shall be entitled to the first-occupier discount for the base price, with the site cost to be charged at 70% (if there are two lessees) or 40% (if there are three lessees). When the third party starts sharing the Acquired Tower, the prices for
the Existing Sharing Parties shall remain unchanged; the former owner shall be entitled to the first-occupier discount (namely, to be charged at 65% of the base price and 45% of the site cost). However, effective from January 1, 2018, the
pricing rules applicable to the Existing Sharing Parties shall be the same as those applicable to the New Sharing Parties. ” 

shall be changed into: 

“For the Existing Sharing Parties: Prior to 31 December 2019, they will be charged at 30% of each of the base price and the
site cost. The former owner shall be entitled a 70% discount (if there are two lessees) or 60% discount (if there are three lessees) for the base price, with the site cost to be charged at 70% (if there are two lessees) or 40% (if there are three
lessees). When the third party starts sharing the Acquired Tower, the prices for the Existing Sharing Parties shall remain unchanged; the former owner shall be charged at 60% of the base price and 45% of the site cost.” 

 

	V.	Adjustment Mechanism 

 The original: 

“To take into account factors such as inflation, the Parties shall adjust the maintenance expense and the site cost for the year with
reference to the prior year’s CPI (Consumer Price Index) published by the national statistical authority. Such adjustment shall be effective from January 1st of the year and applied retrospectively. 

Should there be significant fluctuations in the real estate market or steel prices, the Parties shall negotiate and make adjustments to site
cost, product prices and others accordingly. 

  
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 Upon the expiration of the useful lives of depreciation (10 years) of towers, the Parties shall
negotiate separately the applicable adjustments based on the actual business operation of China Tower. 
 If there is any material change in
the actual business operation of China Tower, such as the share rate, construction cost and profit differing from the forecast in 2016, the pricing mechanism hereunder shall be adjusted by the end of 2016.” 

shall be changed into: 
 “To take
into account factors such as inflation, the Parties may research to adjust the maintenance expense and the site cost for the year with reference to the prior year’s CPI (Consumer Price Index) published by the national statistical authority. In
case of adjustment, such adjustment shall be effective from January 1st of the year. 
 Should there be significant fluctuations in the real
estate market or steel prices, the Parties shall negotiate and make adjustments to site cost, product prices and others accordingly.” 

  
 6 

 “Schedule 3: Discount Rate for the Acquired Towers” 

shall be changed into: 
 Schedule 3:
Adjustment Coefficients of Standard Construction Costs for New Towers & Discount Rate of Acquired Towers 
  

							
	 Number
	  	 Province
	  	Adjustment coefficients of
Standard construction
costs for New Towers	  	Discount Rate of
Acquired Towers
	1	  	Beijing	  	1.1	  	0.94
	2	  	Tianjin	  	1.1	  	0.98
	3	  	Hebei	  	0.9	  	0.67
	4	  	Shanxi	  	1.0	  	0.73
	5	  	Inner Mongolia	  	1.0	  	0.88
	6	  	Liaoning	  	1.0	  	0.84
	7	  	Jilin	  	1.0	  	0.74
	8	  	Heilongjiang	  	1.0	  	0.74
	9	  	Shanghai	  	1.8	  	1.80
	10	  	Jiangsu	  	1.0	  	0.79
	11	  	Zhejiang	  	1.0	  	0.83
	12	  	Anhui	  	1.0	  	0.80
	13	  	Fujian	  	1.0	  	0.79
	14	  	Jiangxi	  	0.9	  	0.75
	15	  	Shandong	  	0.9	  	0.71
	16	  	Henan	  	1.0	  	0.82
	17	  	Hubei	  	1.0	  	0.79
	18	  	Hunan	  	1.0	  	0.70
	19	  	Guangdong	  	1.0	  	0.99
	20	  	Guangxi	  	1.0	  	0.78
	21	  	Hainan	  	1.0	  	1.44
	22	  	Chongqing	  	0.9	  	0.74
	23	  	Sichuan	  	1.0	  	0.85
	24	  	Guizhou	  	0.9	  	0.73
	25	  	Yunnan	  	0.9	  	0.70
	26	  	Tibet	  	1.8	  	1.80
	27	  	Shaanxi	  	0.9	  	0.67
	28	  	Gansu	  	1.0	  	0.79
	29	  	Qinghai	  	1.1	  	1.10
	30	  	Ningxia	  	1.1	  	1.01
	31	  	Xinjiang	  	1.0	  	1.14

  
 7exas_Ex103

		
			Exhibit 10.3
		

		
			Exact Sciences Corporation
		

		
			Non-Employee Director Compensation Policy
		

		
			 
		

		
			The purpose of this Non-Employee Director Compensation Policy of Exact Sciences Corporation, a Delaware corporation (the “Company”), is to provide a total compensation package that enables the Company to attract and retain, on a long-term basis, high caliber directors who are not employees or officers of the Company or its subsidiaries.  
		

		
			 
		

		
			In furtherance of the purpose stated above, all non-employee directors shall be paid compensation for services provided to the Company as set forth below:
		

		
			 
		

		
			A.         Initial Compensation
		

		
			 
		

		
			Upon his or her initial election to the board, each new non-employee director shall be granted restricted stock or deferred stock units having a value equal to $300,000, with the number of restricted shares or deferred stock units to be issued being determined based on the closing sale price of the Company’s common stock on the date of grant.  A director shall elect whether such award is restricted stock or deferred stock units by delivering written or electronic notice of such election to the Chief Financial Officer before the director begins to serve on the board (or within 30 days after if it is not possible for the director to make his or her election prior to beginning service); provided, however, that if the Chief Financial Officer receives no such election, such grant shall be made in restricted stock.  Such restricted stock or deferred stock units shall vest annually over three years (1/3 on the first anniversary of the grant, 1/3 on the second anniversary of the grant and 1/3 on the third anniversary of the grant).  If a director ceases to serve as a director before such restricted shares or deferred stock units are fully vested due to death, or if there is a Change in Control prior to such vesting, then such restricted stock or deferred stock units shall become fully vested as of the date of such death or Change in Control, as applicable.  If the director ceases to serve on the Board for any reason other than death, any restricted stock or deferred stock units granted under this Paragraph A that are not then vested shall be forfeited as of the date of such cessation of services.
		

		
			 
		

		
			B.         Annual Compensation
		

		
			 
		

		
			1.         Annual Cash Compensation
		

		
			 
		

		
			a.          On the date of each annual meeting of the Company’s stockholders, each non-employee director who is continuing as a director following such annual meeting shall be paid an annual cash compensation amount as follows:
		

		
			 
		

		
			Board Member Cash Compensation 
		

		
			 
		

		
			Annual retainer for each director:    $50,000
		

		
			Board chair (if independent chair) additional compensation:    $25,000
		

		
			Lead independent director (if no independent chair) additional compensation:    $25,000
		

		
			

		 

 

		

		
			 
		

		
			Committee Member Cash Compensation
		

		
			 
		

		
			Committee chair cash compensation
		

		
			 
		

			
					
						 

					
						 

					
						 

					
					
						 

					
					
						 

				
	
					
						-

					
					
						Audit

					
					
						$ 25,000

				
	
					
						-

					
					
						Compensation

					
					
						$ 20,000

				
	
					
						-

					
					
						Nominating & Governance

					
					
						$ 13,000

				

		
			 
		

		
			Committee member (other than committee chair) cash compensation 
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						-

					
					
						Audit

					
					
						$ 12,500

				
	
					
						-

					
					
						Compensation

					
					
						$ 10,000

				
	
					
						-

					
					
						Nominating & Governance

					
					
						$   6,500

				

		
			 
		

		
			 
		

		
			b.         In lieu of cash, a director may elect to receive restricted stock having an equivalent dollar value based on the closing sale price of the Company’s common stock on the date of grant.  To be effective, notice of such election must be delivered to the Company’s Chief Financial Officer in writing or electronically prior to the annual meeting at which such election shall first take effect, and such election shall be irrevocable and remain in effect until the later of (i) immediately prior to the second annual meeting following the date of delivery of such notice, or (ii) written or electronic notice from the director to the Chief Financial Officer terminating such election.
		

		
			 
		

		
			2.         Annual Equity Compensation 
		

		
			a.          On the date of each annual meeting of the Company’s stockholders, each non-employee director who is continuing as a director following the date of such annual meeting shall be granted restricted stock or deferred stock units having a value of $200,000 with the number of restricted stock or deferred stock units to be issued being determined, based on the closing sale price of the Company’s common stock on the date of grant.  A director shall elect whether such award is restricted stock or deferred stock units by delivering written or electronic notice of such election to the Chief Financial Officer prior to January 1 of the calendar year in which such award will be made (or the date of the annual meeting with respect to the first award made to a director under this Policy if it is not possible for the director to make his or her election prior to January 1 of the calendar year in which such award will be made); provided, however, that if the Chief Financial Officer receives no such election, such grant shall be made in restricted stock. 
		

		
			b.         On the date of each annual meeting of the Company’s stockholders, the board chair (if independent), provided such individual will continue as board chair following the date of the annual meeting, shall be granted an additional annual award having a value equal to $15,000 based on the closing sale price of the Company’s common stock on the date of grant.  The chair may elect to receive such award in either restricted stock or deferred stock units by delivering written or electronic notice of such election to the Chief Financial Officer prior to 

		 

		

			2

		

 

January 1 of the calendar year in which such award will be made (or the date of the annual meeting with respect to the first award made to the chair under this Policy if it is not possible for the chair to make his or her election prior to January 1 of the calendar year in which such award will be made); provided, however, that if the Chief Financial Officer receives no such election, such grant shall be made in restricted stock.
		

		
			 
		

		
			c.          Grants of annual equity compensation described in Section 2 of this Policy shall not become vested until the first anniversary of the grant date (or, if earlier, the date of the next annual meeting of the Company’s stockholders (the “Annual Award Vesting Date”).  If a director ceases to serve as a director before the Annual Award Vesting Date due to the director’s death, or if there is a Change in Control prior to the Annual Award Vesting Date, then the shares shall become fully vested as of the date of such death or Change in Control, as applicable.  If a director ceases to serve as a director at any time for any reason other than death before the earlier of the Annual Award Vesting Date or a Change in Control, then the annual equity grant shall become vested pro rata (based on the number of days between the grant date and the date of cessation of services divided by (x) 365 days for awards made at an annual stockholders meeting or (y) the number of days from the date of commencement of services until the next annual stockholders meeting for an award made other than at an annual stockholders meeting), and to the extent the shares are not thereby vested they shall be forfeited as of the date of such cessation of services.  These vesting rules will apply whether an award is payable in shares or deferred stock units.
		

		
			 
		

		
			3.         Partial Year Compensation
		

		
			 
		

		
			If a director is elected or appointed to the board other than on the date of an annual meeting of stockholders, such director’s annual cash and equity compensation for the period between the date of such election or appointment and the date of the next following annual meeting of the Company’s stockholders shall be granted in accordance with subsection B of this Policy on the date of such meeting but adjusted  pro rata to reflect the date of such director’s election or appointment and the date of such meeting and, provided, further, that the number of restricted stock or deferred stock units to be issued pursuant to this paragraph shall be determined, based on the closing sale price of the Company’s common stock on the date of such director’s appointment, and shall be fully-vested on grant.
		

		
			 
		

		
			4.         Per-Meeting Cash Compensation in Special Circumstances
		

		
			 
		

		
			Additional cash compensation shall be paid at the rate of $1,500 per meeting attended, whether such meeting is attended in person or by telephone, in the following special circumstances:
		

		
			 
		

		
			a.          To the extent the number of board meetings or committee meetings, calculated on a per-committee basis, exceeds 10 in a given year.  For purposes of this section, a year commences with the Company’s annual meeting of stockholders.  Only the members of a given committee are eligible for the payments described in this section with respect to meetings of that committee.  For the avoidance of doubt, no additional compensation would be payable under this section if a director attends 9 board meetings, 9 compensation committee meetings 

		 

		

			3

		

 

and 9 audit committee meetings; rather, additional compensation would only be triggered by the 11th meeting of the board or a given committee.  
		

		
			 
		

		
			b.         To the extent the board creates a special committee, or designates the members of a standing committee to function with respect to a special purpose as members of a special committee.  Only the members of the special committee are eligible for the payments described in this section with respect to meetings of such special committee.  
		

		
			 
		

		
			C.         Additional Terms
		

		
			 
		

		
			1.         All equity and equity-based awards under this Policy (including stock options, restricted stock and deferred stock units) shall be made under and pursuant to the Company’s 2010 Omnibus Long-Term Incentive Plan (“Plan”).  Capitalized terms used herein and not otherwise defined shall have the meanings given to them in the Plan.
		

		
			 
		

		
			2.         Deferred stock units are bookkeeping entries representing the equivalent of shares of the Company’s common stock.  Deferred stock units are paid in shares of the Company’s common stock on the effective date of the director’s retirement or removal from the board.
		

		
			 
		

		
			3.         All vesting under the equity grants described in this Policy immediately ceases upon cessation of service as a director for any reason.
		

		
			 
		

		
			4.         A director may not sell, transfer or otherwise dispose of any shares of restricted stock awarded under this Policy until they become vested; however, the director shall have the right to receive dividends with respect to such shares and to vote such shares prior to vesting. 
		

		
			 
		

		
			5.         The exercise price for all stock options under this Policy shall be the Company’s closing stock price on the date of grant, or, if the date of grant is not a trading day, then the first trading day after the date of grant.
		

		
			 
		

		
			6.         For purposes of determining the number of stock options in a given grant, stock options shall be valued using the Black-Scholes method.
		

		
			 
		

		
			7.         The compensation described in this Policy is in addition to reimbursement of all out-of-pocket expenses incurred by directors in attending meetings of the board.
		

		
			 
		

		
			 
		

		
			Approved January 30, 2018
		

		
			 
		

		 

		

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