Document:

Exhibit

Exhibit 4.1
 
	
			
	 
	 
	 

	[LEGEND] NUMBER
	 
	[LEGEND] SHARES

TIPTREE INC.
INCORPORATED UNDER THE LAWS OF MARYLAND
 
	
	
	 

	SEE REVERSE FOR

	IMPORTANT NOTICE AND
OTHER INFORMATION

	 

	CUSIP

	 

THIS CERTIFIES THAT ___________________________________________________________ is the owner of
FULLY PAID AND NON-ASSESSABLE SHARES OF THE CLASS A COMMON STOCK, PAR VALUE $0.001 PER SHARE, OF
TIPTREE INC.
(the “Corporation”) transferable on the books of the Corporation by the holder hereof in person or by duly authorized attorney upon surrender of this certificate properly endorsed. This certificate and the shares represented hereby are issued and shall be held subject to all the provisions of the Corporation’s Charter and Bylaws, and amendments thereto.
CERTIFICATE OF STOCK
This Certificate is not valid unless countersigned by the Transfer Agent and registered by the Registrar.
Witness the facsimile seal of the Corporation and facsimile signatures of its duly authorized officers.
Dated:
 

	
						
	 
	 
	TIPTREE INC.

	 
	 
	

 

	 
	 
	CHIEF EXECUTIVE OFFICER

	 
	 
	

	 
	 
	SECRETARY

	 
	 
	 

	COUNTERSIGNED AND REGISTERED:
	 
	 

	BROADRIDGE CORPORATE ISSUER SOLUTIONS, INC.
	 

	TRANSFER AGENT AND REGISTRAR
	 
	 

	 
	 
	 

	 
	 
	 
	 
	 
	 

	BY:
	 
	 
	 
	 
	 

	 
	 
	AUTHORIZED SIGNATURE
	 
	 
	 

IMPORTANT NOTICE
THE CORPORATION WILL FURNISH TO ANY STOCKHOLDER, ON REQUEST AND WITHOUT CHARGE, A FULL STATEMENT OF THE INFORMATION REQUIRED BY SECTION 2-211(B) OF THE CORPORATIONS AND ASSOCIATIONS ARTICLE OF THE ANNOTATED CODE OF MARYLAND WITH RESPECT TO THE DESIGNATIONS AND ANY PREFERENCES, CONVERSION AND OTHER RIGHTS, VOTING POWERS, RESTRICTIONS, LIMITATIONS AS TO DIVIDENDS AND OTHER DISTRIBUTIONS, QUALIFICATIONS, AND TERMS AND CONDITIONS OF REDEMPTION OF THE STOCK OF EACH CLASS WHICH THE CORPORATION HAS AUTHORITY TO ISSUE AND, IF THE CORPORATION IS AUTHORIZED TO ISSUE ANY PREFERRED OR SPECIAL CLASS IN SERIES, (I) THE DIFFERENCES IN THE RELATIVE RIGHTS AND PREFERENCES BETWEEN THE SHARES OF EACH SERIES TO THE EXTENT SET, AND (II) THE AUTHORITY OF THE BOARD OF DIRECTORS TO SET SUCH RIGHTS AND PREFERENCES OF SUBSEQUENT SERIES. THE FOREGOING SUMMARY DOES NOT PURPORT TO BE COMPLETE AND IS SUBJECT TO AND QUALIFIED IN ITS ENTIRETY BY REFERENCE TO THE CHARTER OF THE CORPORATION, A COPY OF WHICH WILL BE SENT WITHOUT CHARGE TO EACH STOCKHOLDER WHO SO REQUESTS. SUCH REQUEST MUST BE MADE TO THE SECRETARY OF THE CORPORATION AT ITS PRINCIPAL OFFICE.
THE CHARTER OF THE CORPORATION PROVIDES THAT THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO LIMITATIONS ON VOTING FOR THE PURPOSE, AMONG OTHERS, OF SATISFYING THE REQUIREMENTS OF APPLICABLE STATE INSURANCE REGULATORS. THE CORPORATION WILL FURNISH A FULL STATEMENT ABOUT THESE LIMITATIONS ON VOTING TO EACH STOCKHOLDER ON REQUEST AND WITHOUT CHARGE. REQUESTS FOR SUCH INFORMATION MAY BE DIRECTED TO THE SECRETARY OF THE CORPORATION AT ITS PRINCIPAL OFFICE.
KEEP THIS CERTIFICATE IN A SAFE PLACE. IF IT IS LOST, STOLEN, MUTILATED OR DESTROYED, THE CORPORATION WILL REQUIRE A BOND OF INDEMNITY AS A CONDITION TO THE ISSUANCE OF A REPLACEMENT CERTIFICATE.
The following abbreviations, when used in the inscription on the face of this Certificate, shall be construed as though they were written out in full according to applicable laws or regulations:
 

	
													
	 
	 
	 
	 
	 
	 
	 
	 
	 

	TEN COM
	 
	— as tenants in common
	 
	 
	 
	UNIF GIFT MIN ACT
	 
	—             Custodian            

	TEN ENT
	 
	— as tenants by the entireties
	 
	 
	 
	 
	 
	(Cust)            (Minor)

	 
	 
	 
	 
	 
	 

	JT TEN
	 
	— as joint tenants with right
	 
	 
	 
	 
	 
	under Uniform Gifts to Minors

	 
	 
	     of survivorship and not
     as tenants in common
	 
	 
	 
	 
	 
	Act                                                 
                        (State)

Additional abbreviations may also be used though not in the above list.
For Value Received,                      hereby sell, assign and transfer unto
 
	
	
	 

	PLEASE INSERT SOCIAL SECURITY OR OTHER
IDENTIFYING NUMBER OF ASSIGNEE

 
	
			
	 
	 
	 

	 
	 
	 

	
					
	 
	 
	 

	 

	(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING POSTAL ZIP CODE, OF ASSIGNEE)

	 
 

	 
	 
	Shares of Class A Common Stock

	represented by the within Certificate, and do hereby irrevocably constitute and appoint
	 
	 

	 
	 
	Attorney

	to transfer the said shares on the books of the within named Company with full power of substitution in the premises.

	Dated
	 
	 
	 

 
	
					
	 
	 
	 
	 
	 

	 
	 
	 

	 
	 
	NOTICE:
	 
	THE SIGNATURE TO THE ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATEVER.

 
	
			
	 
	 
	 

	Signature(s) Guaranteed:
	 
	 

	 
	 
	 

THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT TO S.E.C. RULE 17Ad-15.Exhibit 10.2

 

SECOND AMENDMENT TO EMPLOYMENT AGREEMENT

THIS SECOND AMENDMENT TO EMPLOYMENT AGREEMENT (this "Amendment"), dated as of the 4th day of January 2017, by and between BankUnited, Inc., a Delaware corporation (the "Company"), and Rajinder P. Singh ("Executive"), amends the Employment Agreement by and between the Company and Executive, dated as of February 2, 2016, as amended on May 6, 2016 (the "Agreement").

WHEREAS, in connection with the promotion of Executive to the positions of President and Chief Executive Officer of the Company to be effective on January 1, 2017, the Company has determined that it is necessary and advisable and in the best interests of the Company to amend the Agreement to reflect Executive's promotion.

WHEREAS, this Amendment restates in its entirety the First Amendment to Employment Agreement, dated as of the 29th day of December 2016, by and between the Company and Executive.

NOW, THEREFORE, the parties hereto agree as follows, effective from and after January 1, 2017 and subject to the continuing effectiveness of the Agreement as of such date:

	
1.

	
Section 1 is hereby amended and restated in its entirety to read as follows:

Subject to the provisions of Section 6 of this Agreement, Executive shall continue to be employed by the Company for a period beginning on January 1, 2017 (the "Effective Date") and ending on the third anniversary of the Effective Date (the "Employment Term"), on the terms and subject to the conditions set forth in this Agreement; provided, that commencing on the third anniversary of the Effective Date and on each anniversary thereafter, the Company and Executive may mutually agree to extend the Employment Term for an additional period; provided, further, that if the Employment Term would expire on or following the date of the first public announcement of a transaction or other event that would constitute a "Change in Control" (as defined in the BankUnited, Inc. 2014 Omnibus Equity Incentive Plan, as in effect on the Effective Date) and prior to consummation of such Change in Control, the Employment Term shall be automatically extended for a period of one year from the date the Employment Term would otherwise expire. Notwithstanding the foregoing, the Employment Term shall not be automatically extended on or following the date on which such potential Change in Control is terminated or abandoned.

	
2.

	
Section 2(a) is hereby amended and restated in its entirety to read as follows:

 2. Position.

(a) During the Employment Term, Executive shall serve as President and Chief Executive Officer of the Company. Executive shall report directly to the board of directors of the Company (the "Board") and shall perform the duties, undertake the responsibilities and exercise the authority customarily performed, undertaken and exercised by persons situated in a similar executive capacity in a company the size and nature of the Company. If requested, Executive shall also serve as an officer or member of the board of directors of the Company's subsidiaries, in each case, without additional compensation.

	
3.

	
Section 2(b) is hereby amended by replacing the words "the board of directors of the Company (the "Board")" with the words "the Board".

 

	
4.

	
Section 3(a) (Base Salary) is hereby amended by deleting the reference to "$700,000" in the first sentence thereof and replacing it with "$935,000".

Except as expressly modified hereby, the terms and provisions of the Agreement remain in full force and effect.

[Signature Page Follows this Page]

IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment as of the day and year first above written.

BANKUNITED, INC.

By:___/s/ Leslie Lunak________

 Name:_____Leslie Lunak______

 Title:__Chief Financial Officer__

EXECUTIVE

__/s/ Rajinder P. Singh_________ 

RAJINDER P. SINGHExhibit 10.1

 

Execution Copy

 

FIRST AMENDMENT

TO

EMPLOYMENT AGREEMENT

 

THIS FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
(this “Amendment”) is made and entered into by and between Sequential Brands Group, Inc., a Delaware corporation
(the “Company”), and Gary Klein (the “Executive”).

 

WHEREAS, the Company and the Executive are parties
to an Employment Agreement dated as of June 3, 2014 (the “Employment Agreement”); and

 

WHEREAS, the parties wish to amend the Employment
Agreement in certain respects.

 

NOW, THEREFORE, the parties agree that the Employment
Agreement is hereby amended as follows.

 

1.             The reference to “Chief Executive Officer”
in the first sentence of Section 1 is amended to read “President”.

 

2.             The first sentence of Section 3 is amended
to read as follows:

 

The Executive’s engagement commenced on January 1,
2014 (the “Effective Date”) and shall continue through December 31, 2018 (the “Term”) unless
otherwise terminated as provided herein.

 

3.             Section 4(a) is amended to read as follows:

 

Base Salary. During the Term, Executive’s base
salary will be at a rate of not less than $325,000 for the 2016 calendar year, $375,000 for the 2017 calendar year and $400,000
for the 2018 calendar year (the “Base Salary”). Such Base Salary shall be paid in accordance with the Company’s
payroll practices and policies then in effect.

 

4.             Section 4(b) is amended to read as follows,
effective beginning with the bonus for calendar year 2016:

 

Bonus. During the Term, the Executive shall be entitled
to receive an annual bonus for each fiscal year (the “Annual Bonus”) based upon the adjusted EBITDA target set
forth in the Board-approved budget for the applicable year (which target shall be adjusted for the effect of the disposition of
any assets prior to the end of the applicable year). The target Annual Bonus amount shall be seventy-five percent (75%) of the
Base Salary and shall be paid if the adjusted EBITDA target for the year is attained. If performance for any year is 80% or more
but less than 90% of the adjusted EBITDA target for that year, 50% on the target Annual Bonus will be paid and if performance for
any year is 90% or more but less than 100% of the adjusted EBITDA target for that year, 75% of the target Annual Bonus will be
paid. In the event of a sale or other disposition of assets, the adjusted EBITDA target for the year in which such sale or other
disposition occurs shall be reduced by the amount of EBITDA included in the budget for that year that was attributable to those
assets. Annual Bonuses, if applicable, shall be due and payable by the Company to the Executive annually, commencing with the fiscal
year ended December 31, 2016, payable in the year following the year for which such Annual Bonus was earned on the earlier of the
date the Company files its 10-K or April 1st of such year. The EBITDA targets and bonus amounts will be subject to (x) approval
by the Compensation Committee in accordance with Section 162(m) of the Code and (y) any other requirements for performance-based
compensation under Section 162(m) of the Code.

 

     

     

    

 

Execution Copy

 

5.             The references to “Restricted Stock”
and “Restricted Stock Award” in Section 4(c) and elsewhere in the Employment Agreement are clarified to include any
restricted stock units granted to the Executive (including performance-based awards). In addition, the following new language is
added to the end of Section 4(c):

 

In addition, the Executive shall be granted 60,000 restricted
stock units (the “RSUs”) with respect to the Company’s common stock pursuant to the Company’s 2013
Stock Incentive Compensation Plan and an award agreement between the Executive and the Company. Except as otherwise provided therein,
30,000 of the RSUs shall vest on December 31, 2017 and 30,000 of the RSUs shall vest on December 31, 2018.

 

6.             Section 5(j)(i) is amended to read as
follows:

 

Termination for Cause or without Good Reason. If
the Executive’s employment shall be terminated by the Company for Cause or by the Executive without Good Reason, the Executive
shall receive from the Company: (1) any earned but unpaid Base Salary through the Date of Termination, paid in accordance with
the Company’s standard payroll practices; (2) reimbursement for any unreimbursed expenses properly incurred and paid in accordance
with Section 4(e) through the Date of Termination; (3) payment for any accrued but unused vacation time in accordance with Company
policy; and (4) such benefits, and other payments, if any, as to which the Executive (and his eligible dependents) may be entitled
under, and in accordance with the terms and conditions of, the employee benefit arrangements, plans and programs of the Company
as of the Date of Termination, other than any severance pay plan ((1) though (4), (the “Amounts and Benefits”),
and the Company shall have no further obligation with respect to this Agreement other than as provided in Section 8 of this Agreement.
In addition, any portion of the Restricted Stock Award or any other outstanding equity or incentive award that remains unvested
on the Date of Termination shall be forfeited as of the Date of Termination.

 

     

     

    

 

Execution Copy

 

7.             The reference to “Section 5(j)(ii)
(other than the Amounts and Benefits)” in Section 5(j)(vi) is modified to read “Section 5(j)(ii) or Section 5(j)(viii)
(in each case other than the Amounts and Benefits)”.

 

8.             A new Section 5(j)(viii) is added to read as follows:

 

Expiration of the Term. If the Executive’s
employment terminates upon the end of the Term and the Company has not offered to extend this Agreement or offered the Executive
a substantially-similar employment agreement, then, in addition to the Amounts and Benefits, the Company shall pay the Executive
an amount equal to six (6) months of his Base Salary, which shall be payable in full in a lump sum cash payment to be made to the
Executive on the date that is thirty (30) days following the Date of Termination, subject to Section 5(j)(vi). The Company shall
have no further obligation with respect to this Agreement other than as provided in Section 8 of this Agreement

 

IN WITNESS WHEREOF, the parties hereto have
entered into this Amendment as of January 3, 2017.

 

	SEQUENTIAL BRANDS GROUP, INC.	 	EXECUTIVE
	 	 	 	 	 
	By:	/s/
    Yehuda Shmidman 	 	By:	/s/ Gary
    Klein
	 	Name:  Yehuda Shmidman 	 	 	Gary Klein
	 	Title:    Chief Executive Officer

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