Document:

Exhibit 10.1

 

[_______] 1

 

	To:	 	
        Glaukos Corporation

        229 Avenida Fabricante

        San Clemente, CA 92672

	From:	 	[_______]
	Re:	 	[Base]2[Additional]3
Capped Call Transaction
	
        Ref.

        No:
	 	[_______]4
	Date:	 	[_______], 2020

 

Dear Ladies and Gentlemen:

 

The
purpose of this communication (this “Confirmation”) is to set forth the terms and conditions of the above-referenced
transaction entered into on the Trade Date specified below (the “Transaction”) between [___] (“Dealer”)
and Glaukos Corporation (“Counterparty”). This communication constitutes a “Confirmation” as referred
to in the ISDA Master Agreement specified below.

 

1.
This Confirmation is subject to, and incorporates, the definitions and provisions of the 2006 ISDA Definitions (the “2006
Definitions”) and the definitions and provisions of the 2002 ISDA Equity Derivatives Definitions (the “Equity
Definitions”, and together with the 2006 Definitions, the “Definitions”), in each case, as published
by the International Swaps and Derivatives Association, Inc. (“ISDA”). In the event of any inconsistency
between the 2006 Definitions and the Equity Definitions, the Equity Definitions will govern and in the event of any inconsistency
between terms defined in the Equity Definitions and this Confirmation, this Confirmation shall govern.

 

This Confirmation evidences a complete and
binding agreement between Dealer and Counterparty as to the terms of the Transaction to which this Confirmation relates. This Confirmation
shall be subject to an agreement (the “Agreement”) in the form of the 2002 ISDA Master Agreement as if Dealer
and Counterparty had executed an agreement in such form on the Trade Date (but without any Schedule except for (i) the election
of the laws of the State of New York as the governing law (without reference to choice of law doctrine, [(ii) the election
of an executed guarantee of [__________] (“Guarantor”) dated as of the Trade Date in substantially the form
attached hereto as Schedule 1 as a Credit Support Document, (iii) the election of Guarantor as Credit Support Provider in
relation to Dealer and (iv)]5 [and (ii)] the election that the “Cross Default” provisions of Section 5(a)(vi) of
the Agreement shall apply to Dealer, (a) with a “Threshold Amount” of 3% of the shareholders’ equity of
Dealer’s ultimate parent on the Trade Date, (b) “Specified Indebtedness” having the meaning set forth in
Section 14 of the Agreement, except that it shall not include any obligation in respect of deposits received in the ordinary
course of Dealer’s banking business, (c) the phrase “, or becoming capable at such time of being declared,”
shall be deleted from clause (1) of such Section 5(a)(vi) of the Agreement, and (d) the following sentence
shall be added to the end of Section 5(a)(vi) of the Agreement: “Notwithstanding the foregoing, a default under
subsection (2) hereof shall not constitute an Event of Default if (i) the default was caused solely by error or omission
of an administrative or operational nature; (ii) funds were available to enable the relevant party to make payment when due;
and (iii) the payment is made within two Local Business Days of such party’s receipt of written notice of its failure
to pay.”).

 

All provisions contained in, or incorporated
by reference to, the Agreement will govern this Confirmation except as expressly modified herein. In the event of any inconsistency
between this Confirmation and either the Definitions or the Agreement, this Confirmation shall govern.

 

 

1
Include Dealer name, address and logo

2
Include for base call option.

3 Include for additional call
option.

4 If applicable

5 Requested if Dealer is not the highest rated entity
in group, typically from Parent.

 

    1

     

    

 

The Transaction hereunder shall be the sole
Transaction under the Agreement. If there exists any ISDA Master Agreement between Dealer and Counterparty or any confirmation
or other agreement between Dealer and Counterparty pursuant to which an ISDA Master Agreement is deemed to exist between Dealer
and Counterparty, then notwithstanding anything to the contrary in such ISDA Master Agreement, such confirmation or agreement or
any other agreement to which Dealer and Counterparty are parties, the Transaction shall not be considered a Transaction under,
or otherwise governed by, such existing or deemed ISDA Master Agreement.

 

2.
The Transaction constitutes a Share Option Transaction for purposes of the Equity Definitions. The terms of the particular
Transaction to which this Confirmation relates are as follows:

 

General
Terms:

 

	Trade Date:	June [•], 2020
	 	 
	Effective Date:	June [•], 2020, or such other date as agreed by the parties in writing.
	 	 
	Components:	The Transaction will be divided into individual Components, each with the terms set forth in this Confirmation, and, in particular, with the Number of Options and Expiration Date set forth in Annex A to this Confirmation.  The exercise, valuation and settlement of the Transaction will be effected separately for each Component as if each Component were a separate Transaction under the Agreement.
	 	 
	Option Style:	“European”, as described under “Procedures for Exercise” below.
	 	 
	Option Type:	Call
	 	 
	Seller:	Dealer
	 	 
	Buyer:	Counterparty
	 	 
	Shares:	The Common Stock of Counterparty, par value USD $0.0001 per share (Ticker Symbol: “GKOS”).
	 	 
	Number of Options:	For each Component, as provided in Annex A to this Confirmation.6
	 	 
	Option Entitlement:	One Share per Option
	 	 
	Strike Price:	USD [_____]
	 	 
	Cap Price:	USD [_____]; provided that in no event shall the Cap Price be reduced to an amount less than the Strike Price in connection with any commercially reasonable adjustment by the Calculation Agent under this Confirmation.
	 	 
	Number of Shares:	As of any date, a number of Shares equal to the product of (i) the Number of Options and (ii) the Option Entitlement.
	 	 
	Premium:	USD [_____]; Dealer and Counterparty hereby agree that notwithstanding anything to the contrary herein or in the Agreement, following the payment of the Premium, in the event that (a) an Early Termination Date (whether as a result of an Event of Default or a Termination Event) (other than an Event of Default arising under Section 5(a)(ii) or 5(a)(iv) of the Agreement that is within the Counterparty’s control) occurs or is designated with respect to any Transaction and, as a result, Counterparty owes to Dealer the amount calculated under Section 6(d) and Section 6(e) or otherwise under the Agreement (calculated as if the Transactions terminated on such Early Termination Date were the sole Transactions under the Agreement) or (b) Counterparty owes to Dealer, pursuant to Sections 12.2, 12.3, 12.6, 12.7, 12.8 or 12.9 of the Equity Definitions or otherwise under the Equity Definitions, an amount calculated under Section 12.8 of the Equity Definitions, such amount shall be deemed to be zero. 

 

 

6 [For the base capped call, the total should be equal to,
in aggregate among all Components, (i) the number of Convertible Notes in principal amount of $1,000 initially issued on
the closing date for the Convertible Notes (excluding any Convertible Notes sold pursuant to the over-allotment option) multiplied
by (ii) the initial conversion rate multiplied by (iii) the dealer’s percentage allocation of the overall
capped call. For the additional capped call, the total should be equal to (i) the number of additional Convertible Notes
in principal amount of $1,000 multiplied by (ii) the initial conversion rate multiplied by (iii) the dealer’s
percentage allocation of the overall capped call.]

 

    2

     

    

 

	Premium Payment Date:	The Effective Date
	 	 
	Exchange:	New York Stock Exchange
	 	 
	Related Exchange:	All Exchanges
	 	 
	Procedures for Exercise:	
	 	 
	Expiration Time:	The Valuation Time
	 	 
	Expiration Date:	For any Component, as provided in Annex A to this Confirmation (or, if such date is not a Scheduled Valid Day, the next following Scheduled Valid Day that is not already an Expiration Date for another Component); provided that if that date is a Disrupted Day, the Expiration Date for such Component shall be the first succeeding Scheduled Valid Day that is not a Disrupted Day and is not or is not deemed to be an Expiration Date in respect of any other Component of the Transaction hereunder; and provided further that in no event shall the Expiration Date be postponed to a date later than the Final Termination Date and, notwithstanding anything to the contrary in this Confirmation or the Equity Definitions, the Relevant Price for such Expiration Date that occurs on the Final Termination Date and is a Disrupted Day shall be the prevailing market value per Share determined by the Calculation Agent in a good faith and commercially reasonable manner. Notwithstanding the foregoing and anything to the contrary in the Equity Definitions, if a Market Disruption Event occurs on any Expiration Date, the Calculation Agent may determine in a good faith and commercially reasonable manner that such Expiration Date is a Disrupted Day only in part, in which case the Calculation Agent shall make commercially reasonable adjustments to the Number of Options for the relevant Component for which such day shall be the Expiration Date, shall designate the Scheduled Valid Day determined in the manner described in the immediately preceding sentence as the Expiration Date for the remaining Options for such Component and may determine the Relevant Price in a commercially reasonable manner based on transactions in the Shares on such Disrupted Day taking into account the nature and duration of such Market Disruption Event on such day. Any Scheduled Valid Day on which, as of the date hereof, the Exchange is scheduled to close prior to its normal close of trading shall be deemed not to be a Scheduled Valid Day; if a closure of the Exchange prior to its normal close of trading on any Scheduled Valid Day is scheduled following the date hereof, then such Scheduled Valid Day shall be deemed to be a Disrupted Day in full. Section 6.6 of the Equity Definitions shall not apply to any Valuation Date occurring on an Expiration Date.
	 	 
	Final Termination Date:	October 5, 2027

 

    3

     

    

 

	Automatic Exercise:	Applicable, which means that the Number of Options for the relevant Component will be deemed to be automatically exercised at the Expiration Time on the Expiration Date for such Component if at such time such Component is In-the-Money, unless Buyer notifies Seller (in writing) prior to the Expiration Time on such Expiration Date that it does not wish Automatic Exercise to occur with respect to such Component, in which case Automatic Exercise will not apply with respect to such Component.  “In-the-Money” means, in respect of any Component, that the Relevant Price on the Expiration Date for such Component is greater than the Strike Price for such Component.
	 	 
	Valuation Time:	At the close of trading of the regular trading session on the Exchange; provided that if the principal trading session is extended, the Calculation Agent shall determine the Valuation Time in a good faith and commercially reasonable manner.
	 	 
	Valuation Date:	For any Component, the Expiration Date therefor.
	 	 
	Market Disruption Event:	
        Section 6.3(a) of the Equity Definitions is hereby
        amended by deleting the words “during the one hour period that ends at the relevant Valuation Time, Latest Exercise Time,
        Knock-in Valuation Time or Knock-out Valuation Time, as the case may be,” in clause (ii) thereof.

        Section 6.3(d) of the Equity Definitions is hereby
        amended by deleting the remainder of the provision following the term “Scheduled Closing Time” in the fourth line thereof.

	 	 
	Settlement Terms:	 
	 	 
	Settlement Method Election:	
        Applicable; provided that (a) Section 7.1 of
        the Equity Definitions is hereby amended by replacing the term “Physical Settlement” with the term “Net Share
        Settlement”, (b) Counterparty must make a single irrevocable election for all Components and (c) if Counterparty
        is electing Cash Settlement, such Settlement Method Election would be effective only if Counterparty represents and warrants to
        Dealer in writing on the date of such Settlement Method Election that (i) Counterparty is not in possession of any material
        non-public information regarding Counterparty or the Shares, and (ii) such election is being made in good faith and not as
        part of a plan or scheme to evade compliance with the federal securities laws.

         

        Without limiting the generality of the foregoing, Counterparty
        acknowledges its responsibilities under applicable securities laws, and in particular Sections 9 and 10(b) of the Securities
        Exchange Act of 1934, as amended (the “Exchange Act”) and the rules and regulations promulgated thereunder
        in respect of such election.

	 	 
	Electing Party:	Counterparty
	 	 
	Settlement Method Election Date:	The second Scheduled Valid Day prior to the scheduled Expiration Date for the Component with the earliest scheduled Expiration Date.
	 	 
	Default Settlement Method:	Net Share Settlement
	 	 
	Net Share Settlement:	
        With respect to any Component, if Net Share Settlement is applicable
        to the Options exercised or deemed exercised hereunder, Dealer will deliver to Counterparty on the Settlement Date, a number of
        Shares (the “Net Share Settlement Amount”) equal to (i) the Daily Option Value on the Expiration Date of
        such Component divided by (ii) the Relevant Price on such Expiration Date.

         

        Dealer will deliver cash in lieu of any fractional Shares to
        be delivered with respect to any Net Share Settlement Amount valued at the Relevant Price for the Expiration Date of such Component.

 

    4

     

    

 

	Cash Settlement:	With respect to any Component, if Cash Settlement is applicable to the Options exercised or deemed exercised hereunder, in lieu of Section 8.1 of the Equity Definitions, Dealer will pay to Counterparty, on the Settlement Date, an amount of cash (the “Cash Settlement Amount”) equal to the Daily Option Value on the Expiration Date of such Component.
	 	 
	Daily Option Value:	For any Component, an amount equal to (i) the Number of Options in such Component, multiplied by (ii) the Option Entitlement, multiplied by (iii) (A) the lesser of the Relevant Price on the Expiration Date of such Component and the Cap Price, minus (B) the Strike Price on such Expiration Date; provided that if the calculation contained in clause (iii) above results in a negative number, the Daily Option Value for such Component shall be deemed to be zero. In no event will the Daily Option Value be less than zero.
	 	 
	Valid Day:	A day on which (i) there is no Market Disruption Event and (ii) trading in the Shares generally occurs on the Exchange. If the Shares are not listed, quoted or traded on any U.S. securities exchange or any other market, “Valid Day” means a Business Day.
	 	 
	Scheduled Valid Day:	A day that is scheduled to be a Valid Day on the Exchange. If the Shares are not listed, quoted or traded on any U.S. securities exchange or any other market, “Scheduled Valid Day” means a Business Day.
	 	 
	Business Day:	Any day other than a Saturday, a Sunday or other day on which banking institutions are authorized or required by law, regulation or executive order to close or be closed in the State of New York.
	 	 
	Relevant Price:	On any Valid Day, the per Share volume-weighted average price as displayed under the heading “Bloomberg VWAP” on Bloomberg page “GKOS <equity> AQR” (or its equivalent successor if such page is not available) (the “VWAP”) in respect of the period from the scheduled open of trading until the scheduled close of trading of the primary trading session on such Valid Day (or if such volume-weighted average price is unavailable at such time, the market value of one Share on such Valid Day, as determined by the Calculation Agent in a good faith and commercially reasonable manner using, if practicable, a volume-weighted average method substantially similar to the method for determining the VWAP). The Relevant Price will be determined without regard to after-hours trading or any other trading outside of the regular trading session trading hours.
	 	 
	Settlement Date:	For all Components of the Transaction, the date one Settlement Cycle immediately following the Expiration Date for the Component with the latest scheduled Expiration Date.
	 	 
	Settlement Currency:	USD
	 	 
	Other Applicable Provisions:	The provisions of Sections 9.1(c), 9.8, 9.9, 9.11 and 9.12 of the Equity Definitions will be applicable, except that all references in such provisions to “Physically-settled” shall be read as references to “Net Share Settlement.”
	 	 
	Representation and Agreement:	Notwithstanding anything to the contrary in the Equity Definitions (including, but not limited to, Section 9.11 thereof), the parties acknowledge that (i) any Shares delivered to Counterparty shall be, upon delivery, subject to restrictions, obligations and limitations arising from Counterparty’s status as issuer of the Shares under applicable securities laws, (ii) Dealer may deliver any Shares required to be delivered hereunder in certificated form in lieu of delivery through the Clearance System and (iii) any Shares delivered to Counterparty may be “restricted securities” (as defined in Rule 144 under the Securities Act of 1933, as amended (the “Securities Act”)). 

 

    5

     

    

 

	Adjustments:	 
	 	 
	Method of Adjustment:	Calculation Agent Adjustment; provided that the parties agree that (x) open market Share repurchases at prevailing market price and (y) Share repurchases through a dealer pursuant to accelerated share repurchases, forward contracts or similar transactions (including, without limitation, any discount to average VWAP prices) that are entered into at prevailing market prices and in accordance with customary market terms for transactions of such type to repurchase the Shares shall not be considered Potential Adjustment Events; provided, further, that, the entry into any such open market Share repurchases, accelerated share repurchase transaction, forward contract or similar transaction described in clauses (x) or (y) shall constitute a Potential Adjustment Event to the extent that, after giving effect to such transactions, the aggregate number of Shares repurchased during the term of the Transaction pursuant to all such transactions would exceed 15% of the number of Shares outstanding as of the Trade Date, as determined by the Calculation Agent and as adjusted by the Calculation Agent in good faith and in a commercially reasonable manner to account for any subdivision or combination with respect to the Shares.
	 	 
	Extraordinary Events:	 
	 	 
	New Shares:	In the definition of New Shares in Section 12.1(i) of the Equity Definitions, (a) the text in clause (i) thereof shall be deleted in its entirety and replaced with “publicly quoted, traded or listed on any of The New York Stock Exchange, The NASDAQ Global Market or The NASDAQ Global Select Market (or their respective successors),” and (b) the following phrase shall be inserted immediately prior to the period: “and (iii) of a corporation organized under the laws of the United States, any State thereof or the District of Columbia that (x) also becomes the Counterparty under the Transaction or (y) agrees to be subject to Sections 8(d) and 8(e) of the Confirmation governing the Transaction, in either case, following such Merger Event or Tender Offer”.
	 	 
	Merger Events:	Applicable
	 	 
	Consequences of Merger Events:	 
	 	 
	(a)   Share-for-Share:	Modified Calculation Agent Adjustment
	 	 
	(b)   Share-for-Other:	Cancellation and Payment (Calculation Agent Determination)
	 	 
	(c)   Share-for-Combined:	Cancellation and Payment (Calculation Agent Determination); provided that the Calculation Agent may elect Component Adjustment for all or part of the Transaction
	 	 
	Tender Offer:	Applicable; provided that the definition of “Tender Offer” in Section 12.1(d) of the Equity Definitions will be amended by replacing the phrase “greater than 10% and less than 100% of the outstanding voting shares of the Counterparty” in the third and fourth line thereof with “greater than 20% and less than 100% of the outstanding Shares of the Counterparty”. In addition, Section 12.1(e) of the Equity Definitions shall be amended by replacing “voting shares” in the first line thereof with “Shares”, and Section 12.1(l) of the Equity Definitions shall be amended by replacing “voting shares” in the fifth line thereof with “Shares”.
	 	 
	Consequences of Tender Offers:	 
	 	 
	(a)   Share-for-Share:	Modified Calculation Agent Adjustment 
	 	 
	(b)   Share-for-Other: 	Modified Calculation Agent Adjustment
	 	 
	(c)   Share-for-Combined:	Modified Calculation Agent Adjustment
	 	 
	Consequences of Announcement Events:	Modified Calculation Agent Adjustment as set forth in Section 12.3(d) of the Equity Definitions; provided that, in respect of an Announcement Event, (x) references to “Tender Offer” shall be replaced by references to “Announcement Event” and references to “Tender Offer Date” shall be replaced by references to “date of such Announcement Event” in the definition of Modified Calculation Agent Adjustment set forth in Section 12.3(d), (y) the phrase “exercise, settlement, payment or any other terms of the Transaction (including, without limitation, the spread)” in the third and fourth lines of the definition of Modified Calculation Agent Adjustment set forth in Section 12.3(d) shall be replaced with the phrase “Cap Price (provided that in no event shall the Cap Price be less than the Strike Price)” and the words “whether within a commercially reasonable (as determined in good faith by the Calculation Agent) period of time prior to or after the Announcement Event” shall be inserted prior to the word “which” in the seventh line, and (z) for the avoidance of doubt, the Calculation Agent shall, in good faith and a commercially reasonable manner, determine whether the relevant Announcement Event has had a material economic effect on the Transaction and, if so, shall adjust the Cap Price accordingly to take into account such economic effect on one or more occasions on or after the date of the Announcement Event up to, and including, the final Expiration Date, any Early Termination Date and/or any other date of cancellation, it being understood that (i) any adjustment in respect of an Announcement Event shall take into account any earlier adjustment relating to the same Announcement Event and shall not be duplicative with any other adjustment or cancellation valuation made pursuant to this Confirmation, the Equity Definitions or the Agreement and (ii) in making any adjustment the Calculation Agent shall solely take into account changes in stock price, volatility, expected dividends, stock loan rate, and liquidity relevant to the Shares or to such Transaction.  An Announcement Event shall be an “Extraordinary Event” for purposes of the Equity Definitions, to which Article 12 of the Equity Definitions is applicable; provided further that upon the Calculation Agent making an adjustment, determined in a commercially reasonable manner, to the Cap Price upon any Announcement Event, then the Calculation Agent shall make an adjustment to the Cap Price upon any announcement regarding the same event that gave rise to the original Announcement Event regarding the abandonment of any such event to the extent necessary to reflect the economic effect of such subsequent announcement on the Transaction (provided that in no event shall the Cap Price be less than the Strike Price).

 

    6

     

    

 

	Announcement Event:	(i) The public announcement (whether by Counterparty, a subsidiary, affiliate, agent or representative of Counterparty, or a Valid Third Party Entity (any such person or entity, a “Relevant Party”)) of any transaction or event that the Calculation Agent determines is reasonably likely to be completed and that, if completed, would constitute a Merger Event or Tender Offer (it being understood and agreed that in determining whether such transaction or event is reasonably likely to be completed, the Calculation Agent shall take into consideration whether the relevant announcement by such party has had a material effect on the Shares and/or options on the Shares), or the announcement by a Relevant Party of any intention to enter into a Merger Event or Tender Offer, (ii) the public announcement by a Relevant Party of any potential acquisition or disposition by Counterparty and/or its subsidiaries where the consideration exceeds 35% of the market capitalization of the Counterparty as of the date of such announcement (an “Acquisition Transaction”) (iii) the public announcement by a Relevant Party of an intention by Counterparty or such other Relevant Party to solicit or enter into, or to explore strategic alternatives or other similar undertaking that may include, a Merger Event, Tender Offer or Acquisition Transaction, or (iv) any subsequent public announcement by a Relevant Party of a change to a transaction or intention that is the subject of an announcement of the type described in clause (i), (ii) or (iii) of this sentence (including, without limitation, a new announcement relating to such a transaction or intention or the announcement of a withdrawal from, or the abandonment or discontinuation of, such a transaction or intention), as determined by the Calculation Agent in a commercially reasonable manner. For the avoidance of doubt, the occurrence of an Announcement Event with respect to any transaction or intention shall not preclude the occurrence of a later Announcement Event with respect to such transaction or intention. For purposes of this definition of “Announcement Event,” “Merger Event” shall mean such term as defined under Section 12.1(b) of the Equity Definitions (but, for the avoidance of doubt, the remainder of the definition of “Merger Event” in Section 12.1(b) of the Equity Definitions following the definition of “Reverse Merger” therein shall be disregarded). 
	 	 
	Valid Third Party Entity:	In respect of any transaction or event, any third party, or its subsidiary, affiliate, agent or representative, that has a bona fide intent to enter into or consummate such transaction or event, it being understood and agreed that in determining, in a commercially reasonable manner, whether such third party has such a bona fide intent, the Calculation Agent shall take into consideration whether the relevant announcement by such party has had a material economic effect on the Shares and/or options on the Shares.
	 	 
	Notice of Merger Consideration and Consequences:	Upon the occurrence of a Merger Event that causes the Shares to be converted into the right to receive more than a single type of consideration (determined based in part upon any form of stockholder election), Counterparty shall reasonably promptly (but in any event prior to the relevant Merger Date) notify the Calculation Agent of (i) the type and amount of consideration that a holder of Shares would have been entitled to in the case of reclassifications, consolidations, mergers, sales or transfers of assets or other transactions that cause Shares to be converted into the right to receive more than a single type of consideration and (ii) the weighted average of the types and amounts of consideration to be received by the holders of Shares that affirmatively make such an election.

 

    	 	7	 

     

    

 

	Nationalization, Insolvency or Delisting:	Cancellation and Payment (Calculation Agent Determination); provided that in addition to the provisions of Section 12.6(a)(iii) of the Equity Definitions, it will also constitute a Delisting if the Shares are not immediately re-listed, re-traded or re-quoted on any of the New York Stock Exchange, The NASDAQ Global Select Market or The NASDAQ Global Market (or their respective successors); if the Shares are immediately re-listed, re-traded or re-quoted on any such exchange or quotation system, such exchange or quotation system shall thereafter be deemed to be the Exchange.
	 	 
	Additional Disruption Events:	 
	 	 
	(a) Change in Law:	Applicable; provided that Section 12.9(a)(ii) of the Equity Definitions is hereby amended by (i) replacing the parenthetical beginning after the word “regulation” in the second line thereof with the words “(including, for the avoidance of doubt and without limitation, (x) any tax law or (y) adoption or promulgation of new regulations authorized or mandated by existing statute)”, (ii) replacing the phrase “the interpretation” in the third line thereof with the phrase “, or public announcement of, the formal or informal interpretation”, (iii) by adding the phrase “and/or type of commercially reasonable Hedge Position that would be entered into by a commercially reasonable dealer” after the word “Shares” in clause (X) thereof, (iv) by immediately following the word “Transaction” in clause (X) thereof, adding the phrase “in the manner contemplated by the Hedging Party on the Trade Date assuming the dealer maintains a commercially reasonable hedge position.”, (v) adding the words “or holding, acquiring or disposing of Shares or any Hedge Positions relating to,” after the words “obligations under” in clause (Y) thereof and (vi) adding the words “provided that, in the case of clause (Y) hereof and any law, regulation or interpretation, the consequence of such law, regulation or interpretation is applied equally by Dealer to all of its similarly situated counterparties and/or similar transactions.” after the semi-colon in the last line thereof.
	 	 
	(b) Failure to Deliver:	Applicable
	 	 
	(c) Insolvency Filing: 	Applicable
	 	 
	(d) Hedging Disruption: 	Applicable; provided that “Hedging Disruption” shall be amended in its entirety to mean that a Hedging Party is unable, after using commercially reasonable efforts, to (A) acquire, establish, re-establish, substitute, maintain, unwind or dispose of any transaction(s) or asset(s) it deems necessary to hedge the equity price risk of entering into and performing its obligations with respect to the Transaction, or (B) realize, recover or remit the proceeds of any such transaction(s) or asset(s), provided that any such inability that is incurred solely due to the deterioration of the creditworthiness of the Hedging Party shall not be deemed a Hedging Disruption; provided further that Section 12.9(b)(iii) of the Equity Definitions is hereby amended by inserting in the third line thereof, after the words “to terminate the Transaction”, the words “or a portion of the Transaction affected by such Hedging Disruption”.
	 	 
	(e) Increased Cost of Hedging: 	Not Applicable
	 	 
	Hedging Party:	Dealer

 

    	 	8	 

     

    

 

	Determining Party:	
        For all applicable Extraordinary Events, Dealer; provided
        that, when making any determination or calculation as “Determining Party,” Dealer shall be bound by the same obligations
        relating to required acts of the Calculation Agent as set forth in Section 1.40 of the Equity Definitions and this Confirmation
        as if Determining Party were the Calculation Agent.

         

        Following any determination or calculation by Determining Party
        hereunder, upon a written request by Counterparty, Determining Party will promptly (but in any event within five Scheduled Trading
        Days) provide to Counterparty by email to the email address provided by Counterparty in such written request a report (in a commonly
        used file format for the storage and manipulation of financial data) displaying in reasonable detail the basis for such determination
        or calculation (including any assumptions used in making such determination or calculation), it being understood that in no event
        will Determining Party be obligated to share with Counterparty any proprietary or confidential data or information or any proprietary
        or confidential models used by it in making such determination or calculation or any information that is subject to an obligation
        not to disclose such information.

         

        All
calculations and determinations made by Determining Party shall be made in good faith and in a commercially reasonable
manner.

	 	 
	Non-Reliance:	Applicable
	 	 
	Agreements and Acknowledgments Regarding Hedging Activities:	Applicable
	 	 
	Additional Acknowledgments:	Applicable
	 	 
	3.
Calculation Agent:	Dealer; provided that, following the occurrence and during the continuance of an Event of Default pursuant to Section 5(a)(vii) of the Agreement with respect to which Dealer is the sole Defaulting Party, Counterparty shall have the right to designate a nationally recognized third party dealer in over-the-counter corporate equity derivatives to replace Dealer as the Calculation Agent, and the parties shall work in good faith to execute any appropriate documentation required by such replacement Calculation Agent.

         

        Following any adjustment, determination or calculation by the Calculation Agent
        hereunder, upon a written request by Counterparty, the Calculation Agent will promptly (but in any event within five
        Scheduled Trading Days) provide to Counterparty by email to the email address provided by Counterparty in such written
        request a report (in a commonly used file format for the storage and manipulation of financial data) displaying in reasonable
        detail the basis for such adjustment, determination or calculation (including any assumptions used in making such adjustment,
        determination or calculation), it being understood that in no event will the Calculation Agent be obligated to share with
        Counterparty any proprietary or confidential data or information or any proprietary or confidential models used by it in
        making such adjustment, determination or calculation or any information that is subject to an obligation not to disclose such
        information.

         

        All
calculations and determinations by the Calculation Agent shall be made in good faith and in a commercially reasonable manner.

 

    	 	9	 

     

    

 

4.
Account Details:

 

	Dealer Payment Instructions:
	 
	[Bank:]	 	[_________]
	[SWIFT:]	 	[_________]
	[Bank
    Routing:]	 	[_________]
	[Acct
    Name:]	 	[_________]
	[Acct
    No.:]	 	[_________]

 

Counterparty Payment Instructions: To be advised.

 

5.
Offices:

 

The Office of Dealer for the Transaction is: [New York,
New York]

 

The Office of Counterparty for the Transaction is: Inapplicable,
Counterparty is not a Multibranch Party.

 

6.
Notices: For purposes of this Confirmation:

 

(a) Address for notices or communications
to Counterparty:

 

	To:	 	[Issuer
	 	 	 
	 	 	 
	Attention:	 	[____________]
	Telephone:	 	[____________]
	Email:	 	[____________]

 

(b) Address for notices or communications
to Dealer:

 

	To:	 	[____________]
	 	 	 
	Attention:	 	[____________]
	Telephone:	 	[____________]
	Email:	 	[____________]
	 	 	 
	With
    a copy to:	 	 
	 	 	 
	To:	 	[____________]
	 	 	 
	Attention:	 	[____________]
	Telephone:	 	[____________]
	Email:	 	[____________]

 

For the avoidance of doubt, any notice or other communication
delivered by electronic messaging system, e-mail or facsimile transmission shall be deemed to be “in writing.”

 

7.
Representations, Warranties and Agreements:

 

(a) In addition to the representations
and warranties in the Agreement and those contained elsewhere herein, Counterparty represents and warrants to and for the benefit
of, and agrees with, Dealer as follows:

 

(i) On the Trade Date (A) none
of Counterparty and its officers and directors is aware of any material non-public information regarding Counterparty or the Shares,
and (B) all reports and other documents filed by Counterparty with the Securities and Exchange Commission pursuant to the
Exchange Act when considered as a whole (with the more recent such reports and documents deemed to amend inconsistent statements
contained in any earlier such reports and documents), do not contain any untrue statement of a material fact or any omission of
a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in
which they were made, not misleading.

 

    	 	10	 

     

    

 

(ii) On the Trade Date,
(A) the Shares or securities that are convertible into, or exchangeable or exercisable for Shares, are not, and shall not
be, subject to a “restricted period,” as such term is defined in Regulation M under the Exchange Act (“Regulation
M”), and (B) Counterparty is not engaged in any “distribution,” as such term is defined in Regulation
M, other than a distribution meeting the requirements of the exceptions set forth in Rules 101(b)(10) and 102(b)(7) or
Rule 102(c)(1)(i) of Regulation M.

 

(iii) On the Trade Date,
neither Counterparty nor any “affiliate” or “affiliated purchaser” (each as defined in Rule 10b-18
of the Exchange Act (“Rule 10b-18”)) shall directly or indirectly (including, without limitation, by means
of any cash-settled or other derivative instrument) purchase, offer to purchase, place any bid or limit order that would effect
a purchase of, or commence any tender offer relating to, any Shares (or an equivalent interest, including a unit of beneficial
interest in a trust or limited partnership or a depository share) or any security convertible into or exchangeable or exercisable
for Shares.

 

(iv) Without limiting the
generality of Section 13.1 of the Equity Definitions, Counterparty acknowledges that neither Dealer nor any of its affiliates
is making any representations or warranties or taking any position or expressing any view with respect to the treatment of the
Transaction under any accounting standards including ASC Topic 260, Earnings Per Share, ASC Topic 815, Derivatives and
Hedging, or ASC Topic 480, Distinguishing Liabilities from Equity and ASC 815-40, Derivatives and Hedging –
Contracts in Entity’s Own Equity (or any successor issue statements).

 

(v)  Without limiting the
generality of Section 3(a)(iii) of the Agreement, the Transaction will not violate Rule 13e-1 or Rule 13e-4
under the Exchange Act.

 

(vi) Prior to the Trade
Date, Counterparty shall deliver to Dealer a resolution of Counterparty’s board of directors authorizing the Transaction
and approving the Transaction and any related hedging activity for purposes of Section 203 of the Delaware General Corporation
Law.

 

(vii) Counterparty is not
entering into this Confirmation to create actual or apparent trading activity in the Shares (or any security convertible into or
exchangeable for Shares) or to manipulate the price of the Shares (or any security convertible into or exchangeable for Shares)
or otherwise in violation of the Exchange Act.

 

(viii) Counterparty is not,
and after giving effect to the transactions contemplated hereby will not be, required to register as, an “investment company”
as such term is defined in the Investment Company Act of 1940, as amended.

 

(ix) On each of the Trade
Date and the Premium Payment Date, (A) the value of the total assets of Counterparty is greater than the sum of the total
liabilities (including contingent liabilities) and the capital of Counterparty, (B) the capital of Counterparty is adequate
to conduct the business of Counterparty, and Counterparty’s entry into the Transaction will not impair its capital, (C) Counterparty
has the ability to pay its debts and obligations as such debts mature and does not intend to, or does not believe that it will,
incur debt beyond its ability to pay as such debts mature, (D) Counterparty is not “insolvent” (as such term is
defined under Section 101(32) of the U.S. Bankruptcy Code (Title 11 of the United States Code) (the “Bankruptcy Code”))
and (E) Counterparty would be able to purchase the aggregate Number of Shares for the Transaction in compliance with the laws
of the jurisdiction of Counterparty’s incorporation.

 

(x) To Counterparty’s
knowledge, no U.S. state or local law, rule, regulation or regulatory order applicable to the Shares would give rise to any reporting,
consent, registration or other requirement (including without limitation a requirement to obtain prior approval from any person
or entity) as a result of Dealer or its affiliates owning or holding (however defined) Shares; provided that no such representation
shall be made by Counterparty with respect to any rules and regulations applicable to Dealer (including FINRA) arising from
Dealer’s status as a regulated entity under applicable law.

 

(xi) Counterparty (A) is
capable of evaluating investment risks independently, both in general and with regard to all transactions and investment strategies
involving a security or securities; (B) will exercise independent judgment in evaluating the recommendations of any brokerdealer
or its associated persons, unless it has otherwise notified the broker-dealer in writing, (C) has total assets of at least
$50 million.

 

(b) Each of Dealer and Counterparty
agrees and represents that it is an “eligible contract participant” as defined in Section 1a(18) of the U.S. Commodity
Exchange Act, as amended.

 

    	 	11	 

     

    

 

(c) Each of Dealer and Counterparty
acknowledges that the offer and sale of the Transaction to it is intended to be exempt from registration under the Securities Act,
by virtue of Section 4(a)(2) thereof. Accordingly, Counterparty represents and warrants to Dealer that (i) it has
the financial ability to bear the economic risk of its investment in the Transaction and is able to bear a total loss of its investment
and its investments in and liabilities in respect of the Transaction, which it understands are not readily marketable, are not
disproportionate to its net worth, and it is able to bear any loss in connection with the Transaction, including the loss of its
entire investment in the Transaction, (ii) it is an “accredited investor” as that term is defined in Regulation
D as promulgated under the Securities Act, (iii) it is entering into the Transaction for its own account and without a view
to the distribution or resale thereof, (iv) the assignment, transfer or other disposition of the Transaction has not been
and will not be registered under the Securities Act and is restricted under this Confirmation, the Securities Act and state securities
laws, and (v) its financial condition is such that it has no need for liquidity with respect to its investment in the Transaction
and no need to dispose of any portion thereof to satisfy any existing or contemplated undertaking or indebtedness and is capable
of assessing the merits of and understanding (on its own behalf or through independent professional advice), and understands and
accepts, the terms, conditions and risks of the Transaction.

 

(d) Each of Dealer and Counterparty
agrees and acknowledges that Dealer is a “financial institution,” “swap participant” and “financial
participant” within the meaning of Sections 101(22), 101(53C) and 101(22A) of the Bankruptcy Code. The parties hereto further
agree and acknowledge (A) that this Confirmation is (i) a “securities contract,” as such term is defined
in Section 741(7) of the Bankruptcy Code, with respect to which each payment and delivery hereunder or in connection
herewith is a “termination value,” “payment amount” or “other transfer obligation” within the
meaning of Section 362 of the Bankruptcy Code and a “settlement payment” within the meaning of Section 546
of the Bankruptcy Code, and (ii) a “swap agreement,” as such term is defined in Section 101(53B) of the Bankruptcy
Code, with respect to which each payment and delivery hereunder or in connection herewith is a “termination value,”
 “payment amount” or “other transfer obligation” within the meaning of Section 362 of the Bankruptcy
Code and a “transfer” within the meaning of Section 546 of the Bankruptcy Code, and (B) that Dealer is entitled
to the protections afforded by, among other sections, Sections 362(b)(6), 362(b)(17), 362(b)(27), 362(o), 546(e), 546(g), 546(j),
548(d)(2), 555, 560 and 561 of the Bankruptcy Code.

 

(e) As a condition to the effectiveness
of the Transaction, Counterparty shall deliver to Dealer an opinion of counsel, dated as of the Effective Date and reasonably acceptable
to Dealer in form and substance, with respect to the matters set forth in Section 3(a)(i), (ii), (iii) and (iv) of
the Agreement and Section 7(a)(viii) hereof; provided that any such opinion of counsel may contain customary exceptions
and qualifications, including, without limitation, exceptions and qualifications relating to indemnification provisions.

 

(f) Counterparty understands that notwithstanding
any other relationship between Counterparty and Dealer and its affiliates, in connection with the Transaction and any other over-the-counter
derivative transactions between Counterparty and Dealer or its affiliates, Dealer or its affiliates is acting as principal and
is not a fiduciary or advisor in respect of any such transaction, including any entry, exercise, amendment, unwind or termination
thereof.

 

8.
Other Provisions:

 

(a) Right to Extend.
Dealer may divide any Component into additional Components and designate the Expiration Date and the Number of Options for each
such Component if Dealer determines, in good faith and a commercially reasonable manner, that such further division would be necessary
or advisable to preserve a commercially reasonable dealer’s hedging or hedge unwind activity with respect to the Transaction
in light of existing liquidity conditions or to enable such a dealer to purchase or sell Shares or enter into swap or other derivatives
transactions with respect to Shares in connection with its commercially reasonable hedging, hedge unwind or settlement activity
with respect to the Transaction in a manner that would, if such dealer were Counterparty or an affiliated purchaser of Counterparty,
be compliant and consistent with applicable legal, regulatory or self-regulatory requirements generally applicable to transactions
of the type of the Transaction, or with related policies and procedures adopted by Dealer in good faith so long as such policies
and procedures are generally applicable in similar situations and applied in a non-discriminatory manner; provided that
in no event shall any Expiration Date for any Component be postponed to a date later than the Final Termination Date.

 

    	 	12	 

     

    

 

(b) Additional Termination Events.
Promptly (but in any event within ten Scheduled Trading Days) following any repurchase, redemption or conversion (which conversion
occurs prior to the 45th Scheduled Trading Day prior to June 15, 2027) of any of the Counterparty’s [__]%
Convertible Senior Notes due 2027 (the “Convertible Notes”) issued pursuant to the Counterparty’s indenture
(the “Indenture”) [to be]7 dated June 11, 2020 between the Counterparty and Well Fargo Bank,
National Association, as trustee, Counterparty may notify Dealer in writing of (i) such repurchase, redemption or conversion,
(ii) the number of Convertible Notes so repurchased, redeemed or converted and (iii) the number of Shares underlying
each USD 1,000 principal amount of Convertible Notes (any such notice, a “Repurchase Notification” and any
such event, a “Repurchase Event”)[; provided that any “Repurchase Notification” delivered
to Dealer pursuant to the Base Capped Call Transaction Confirmation letter agreement dated June [•], 2020 between Dealer
and Counterparty (the “Base Call Option Confirmation”) shall be deemed to be a Repurchase Notification pursuant
to this Confirmation and the terms of such Repurchase Notification shall apply, mutatis mutandis, to this Confirmation]8.
Notwithstanding anything to the contrary in this Confirmation, the receipt by Dealer from Counterparty of (x) any Repurchase
Notification, within the applicable time period set forth in the preceding sentence, and (y) a written representation and
warranty by Counterparty that, as of the date of such Repurchase Notification, Counterparty is not in possession of any material
non-public information regarding Counterparty or the Shares, shall constitute an Additional Termination Event as provided in this
paragraph. Upon receipt of any such Repurchase Notification and the related written representation and warranty, Dealer shall
promptly designate an Exchange Business Day following receipt of such Repurchase Notification as an Early Termination Date with
respect to the portion of this Transaction corresponding to a number of Options (the “Repurchase Options”)
equal to the lesser of (A) [(x)] [__]9% of the aggregate number of Shares underlying the number of Convertible
Notes specified in such Repurchase Notification, divided by the Option Entitlement[, minus (y) the number of
 “Repurchase Options” (as defined in the Base Call Option Confirmation), if any, that relate to such Convertible Notes
(and for the purposes of determining whether any Options under this Confirmation or under, and as defined in, the Base Call Option
Confirmation will be among the Repurchase Options hereunder or under, and as defined in, the Base Call Option Confirmation, the
number of Convertible Notes specified in such Repurchase Notification shall be allocated first to the Base Call Option Confirmation
until all Options thereunder are exercised or terminated)]10 and (B) the aggregate Number of Options as of the
date Dealer designates such Early Termination Date and, as of such date, the aggregate Number of Options shall be reduced by the
number of Repurchase Options on a pro rata basis across all Components, as determined by the Calculation Agent in good faith and
in a commercially reasonable manner. Any payment hereunder with respect to such termination shall be calculated pursuant to Section 6
of the Agreement as if (1) an Early Termination Date had been designated in respect of a Transaction having terms identical
to this Transaction and an aggregate Number of Options equal to the number of Repurchase Options, (2) Counterparty were the
sole Affected Party with respect to such Additional Termination Event and (3) the terminated portion of the Transaction were
the sole Affected Transaction.

 

(c) Alternative Calculations
and Payment on Early Termination and on Certain Extraordinary Events. If (a) an Early Termination Date (whether as
a result of an Event of Default or a Termination Event) occurs or is designated with respect to the Transaction or (b) the
Transaction is cancelled or terminated upon the occurrence of an Extraordinary Event (except as a result of (i) a Nationalization, Insolvency
or Merger Event in which the consideration to be paid to all holders of Shares consists solely of cash, (ii) a Merger Event
or Tender Offer that is within Counterparty’s control, or (iii) an Event of Default in which Counterparty is the Defaulting
Party or a Termination Event in which Counterparty is the Affected Party, which Event of Default or Termination Event resulted
from an event or events within the Counterparty’s control), and if Dealer would owe any amount to Counterparty pursuant to
Section 6(d)(ii) and 6(e) of the Agreement or any Cancellation Amount pursuant to Article 12 of the Equity
Definitions (any such amount, a “Payment Obligation”), then Dealer shall satisfy the Payment Obligation by the
Share Termination Alternative (as defined below) unless (a) Counterparty gives irrevocable telephonic notice to Dealer, confirmed
in writing within one Scheduled Trading Day, no later than 12:00 p.m. (New York City time) on the Merger Date, Tender Offer
Date, Announcement Date (in the case of a Nationalization, Insolvency or Delisting), Early Termination Date or date of cancellation,
as applicable, of its election that the Share Termination Alternative shall not apply, (b) as of the date of such election,
Counterparty represents that is not in possession of any material non-public information regarding Counterparty or the Shares,
and that such election is being made in good faith and not as part of a plan or scheme to evade compliance with the federal securities
laws, and (c) Dealer agrees, in its commercially reasonable discretion, to such election, in which case the provisions of
Section 12.7 or Section 12.9 of the Equity Definitions, or the provisions of Section 6(d)(ii) and 6(e) of
the Agreement, as the case may be, shall apply.

 

 

7
Include if the Indenture is not completed at the time of the Confirmation.

8
Include in Additional Call Option Confirmation only.

9
Include Dealer’s percentage allocation of the overall capped call transaction.

10 Include in Additional Call Option
Confirmation only.

 

    	 	13	 

     

    

 

	Share Termination Alternative:	If applicable, Dealer shall deliver to Counterparty the Share Termination Delivery Property on, or within a commercially reasonable period of time after, the date when the relevant Payment Obligation would otherwise be due pursuant to Section 12.7 or 12.9 of the Equity Definitions or Section 6(d)(ii) and 6(e) of the Agreement, as applicable, in satisfaction of such Payment Obligation in the manner reasonably requested by Counterparty free of payment.
	 	 
	Share Termination Delivery Property:	A number of Share Termination Delivery Units, as calculated by the Calculation Agent in good faith and in a commercially reasonable manner, equal to the Payment Obligation divided by the Share Termination Unit Price. The Calculation Agent shall, in good faith and in a commercially reasonable manner, adjust the Share Termination Delivery Property by replacing any fractional portion of a security therein with an amount of cash equal to the value of such fractional security based on the values used to calculate the Share Termination Unit Price.
	 	 
	Share Termination Unit Price:	The value of property contained in one Share Termination Delivery Unit, as determined by the Calculation Agent in its discretion by commercially reasonable means and notified by the Calculation Agent to Dealer at the time of notification of the Payment Obligation. For the avoidance of doubt, the parties agree that in determining the Share Termination Delivery Unit Price the Calculation Agent may consider a variety of factors, including the market price of the Share Termination Delivery Units and/or the purchase price paid in connection with the commercially reasonable purchase of Share Termination Delivery Property. 
	 	 
	Share Termination Delivery Unit:	One Share or, if the Shares have changed into cash or any other property or the right to receive cash or any other property as the result of a Nationalization, Insolvency or Merger Event (any such cash or other property, the “Exchange Property”), a unit consisting of the type and amount of such Exchange Property received by a holder of one Share (without consideration of any requirement to pay cash or other consideration in lieu of fractional amounts of any securities) in such Nationalization, Insolvency or Merger Event, as determined by the Calculation Agent.
	 	 
	Failure to Deliver:	Applicable
	 	 
	Other Applicable Provisions:	If Share Termination Alternative is applicable, the provisions of Sections 9.8, 9.9 and 9.11 (as modified above) of the Equity Definitions and the provisions set forth opposite the caption “Representation and Agreement” in Section 2 will be applicable, except that all references in such provisions to “Physically-settled” shall be read as references to “Share Termination Settled” and all references to “Shares” shall be read as references to “Share Termination Delivery Units”.  “Share Termination Settled” in relation to the Transaction means that the Share Termination Alternative is applicable to the Transaction.

 

    	 	14	 

     

    

 

(d) Disposition of Hedge Shares.
Counterparty hereby agrees that if, in the good faith reasonable judgment of Dealer, based on the advice of legal counsel, the
Shares acquired by Dealer for the purpose of effecting a commercially reasonable hedge of its obligations pursuant to the Transaction
(the “Hedge Shares”) cannot be sold in the U.S. public market by Dealer without registration under the Securities
Act, Counterparty shall, at its election: (i) in order to allow Dealer to sell the Hedge Shares in a registered offering,
use its commercially reasonable efforts to make available to Dealer an effective registration statement under the Securities Act
to cover the resale of such Hedge Shares and (A) enter into an agreement, in form and substance commercially reasonably satisfactory
to Dealer, substantially in the form of an underwriting agreement for a registered offering for companies of a similar size in
a similar industry, (B) provide accountant’s “comfort” letters in customary form for registered offerings
of equity securities for companies of a similar size in a similar industry, (C) provide disclosure opinions of nationally
recognized outside counsel to Counterparty in customary form for registered offerings of equity securities for companies of a similar
size in a similar industry, (D) provide other customary opinions, certificates and closing documents customary in form for
registered offerings of equity securities for companies of a similar size in a similar industry and (E) afford Dealer a reasonable
opportunity to conduct a “due diligence” investigation with respect to Counterparty customary in scope for underwritten
offerings of equity securities for companies of a similar size in a similar industry; provided, however, that, if Counterparty
elects clause (i) above but Dealer, in its commercially reasonable discretion, is not satisfied with access to due diligence
materials, the results of its due diligence investigation, or the procedures and documentation for the registered offering referred
to above, then clause (ii) or clause (iii) of this Section 8(d) shall apply at the election of Counterparty[;
provided that Dealer has given Counterparty reasonable notice of its determination and provided Counterparty with reasonable
opportunity to satisfy Dealer’s concerns]; (ii) in order to allow Dealer to sell the Hedge Shares in a private placement,
enter into a private placement agreement substantially similar to private placement purchase agreements customary for private placements
of equity securities of companies of a similar size in a similar industry, in form and substance commercially reasonably satisfactory
to Dealer using reasonable best efforts to include customary representations, covenants, blue sky and other governmental filings
and/or registrations, indemnities to Dealer, due diligence rights (for Dealer or any designated buyer of the Hedge Shares from
Dealer), opinions and certificates and such other documentation as is customary for private placements agreements of equity securities
of companies of a similar size in a similar industry, as is reasonably acceptable to Dealer (in which case, the Calculation Agent
shall make any adjustments to the terms of the Transaction that are necessary, in its good faith and commercially reasonable judgment,
to compensate Dealer for any customary liquidity discount from the public market price of the Shares incurred on the sale of Hedge
Shares in a private placement); provided that no “comfort letter” or accountants’ consent shall be required
to be delivered in connection with any private placements; or (iii) purchase the Hedge Shares from Dealer at the then-prevailing
market price at one or more times on such Exchange Business Days, and in the amounts, requested by Dealer.

 

(e) Repurchase Notices.
Counterparty shall, at least one Scheduled Valid Day prior to any day on which Counterparty intends to effect any repurchase of
Shares, give Dealer written notice of such repurchase (a “Repurchase Notice”) on such day if, following such
repurchase, the Notice Percentage would reasonably be expected to be (i) greater than [__]11% and (ii) greater
by 0.5% than the Notice Percentage included in the immediately preceding Repurchase Notice (or, in the case of the first such Repurchase
Notice, greater than the Notice Percentage as of the date hereof); provided that, if such repurchase, or the intention to
effect the same, would constitute material non-public information with respect to Counterparty or the Shares, Counterparty shall
make public disclosure thereof at or prior to delivery of such Repurchase Notice. The “Notice Percentage” as
of any day is the fraction, expressed as a percentage, the numerator of which is the aggregate Number of Shares, plus the
aggregate number of Shares underlying any other call options sold by Dealer to Counterparty and the denominator of which is the
number of Shares outstanding on such day. In the event that Counterparty fails to provide Dealer with a Repurchase Notice on the
day and in the manner specified in this Section 8(e) then Counterparty agrees to indemnify and hold harmless Dealer,
its affiliates and their respective directors, officers, employees, agents and controlling persons (Dealer and each such person
being an “Indemnified Party”) from and against any and all commercially reasonable losses (including direct
losses relating to Dealer’s commercially reasonable hedging activities as a consequence of becoming, or of the risk of becoming,
a Section 16 “insider”, including without limitation, any forbearance from hedging activities or cessation of
hedging activities and any losses in connection therewith with respect to the Transaction), claims, damages and liabilities (or
actions in respect thereof), joint or several, to which such Indemnified Party may become subject under applicable securities laws,
including without limitation, Section 16 of the Exchange Act relating to or arising out of such failure. If for any reason
the foregoing indemnification is unavailable to any Indemnified Party or insufficient to hold harmless any Indemnified Party, then
Counterparty shall contribute, to the maximum extent permitted by law, to the amount paid or payable by the Indemnified Party as
a result of such loss, claim, damage or liability. In addition, Counterparty will reimburse any Indemnified Party for all commercially
reasonable expenses (including commercially reasonable outside counsel fees and expenses) as they are incurred (after notice to
Counterparty) in connection with the investigation of, preparation for or defense or settlement of any pending or threatened claim
or any action, suit or proceeding arising therefrom, whether or not such Indemnified Party is a party thereto and whether or not
such claim, action, suit or proceeding is initiated or brought by or on behalf of Counterparty, in each case relating to or arising
out of such failure. Counterparty shall be relieved from liability under this Section 8(e) to the extent that the Indemnified
Party fails promptly to notify Counterparty of any action commenced against it in respect of which indemnity may be sought hereunder
(it being understood that any such notice delivered within 30 calendar days of the commencement of any such action shall be deemed
to have been delivered promptly for such purpose). This indemnity shall survive the completion of the Transaction contemplated
by this Confirmation and any assignment and delegation of the Transaction made pursuant to this Confirmation or the Agreement shall
inure to the benefit of any permitted assignee of Dealer. Counterparty will not be liable under this indemnity provision to the
extent any loss, claim, damage, liability or expense is conclusively found in a final and non-appealable judgment by a court of
competent jurisdiction to have resulted from Dealer’s gross negligence or willful misconduct.

 

 

11
To be 0.5% higher than the percentage calculated by dividing (1) the number of Shares underlying the capped call
transaction with the Issuer of the Dealer with the highest percentage allocation of the capped call by (2) the number of Shares
outstanding.

 

    15 

     

    

 

(f) Transfer and Assignment.
Either party may transfer or assign any of its rights or obligations under the Transaction with the prior written consent of the
non-transferring party, such consent not to be unreasonably withheld or delayed; provided that Dealer may transfer or assign
its rights and obligations hereunder, in whole or in part, to (A) without Counterparty’s consent, to any affiliate of
Dealer (1) that has a long-term issuer rating that is equal to or better than Dealer’s credit rating at the time of
such transfer or assignment, or (2) whose obligations would be guaranteed by Dealer or Dealer’s ultimate parent or (B) with
Counterparty’s consent (such consent not to be unreasonably withheld or delayed) any person (including any affiliate of Dealer
not satisfying clause (A)) or any person whose obligations would be guaranteed by a person (a “Designated Transferee”),
in either case under this clause (B), with a rating for its long-term, unsecured and unsubordinated indebtedness at least equivalent
to Dealer’s (or its guarantor’s), provided, however, that, in the case of this clause (B), in no event
shall the credit rating of the Designated Transferee or of its guarantor (whichever is higher) be lower than A3 from Moody’s
Investor Service, Inc. or its successor or A- from Standard and Poor’s Rating Group, Inc. or its successor; provided
further that (i) Dealer will notify Counterparty in writing prior to any proposed transfer or assignment to a Designated
Transferee, (ii) after any such transfer, Counterparty will not, as a result of any withholding or deduction made by the transferee
or assignee as a result of any tax, receive from the such transferee or assignee on any payment date or delivery date (after accounting
for amounts paid under Section 2(d)(i)(4) of the Agreement as well as such withholding or deduction) an amount or a number
of Shares, as applicable, lower than the amount or the number of Shares, as applicable, that Dealer would have been required to
pay or deliver to Counterparty in the absence of such transfer (except to the extent such lower amount or number results from a
change in law after the date of such transfer), and (iii) Dealer shall cause the transferee or assignee to make the Payee
Tax Representations and provide Counterparty with a complete and accurate U.S. Internal Revenue Service Form W-9 or W-8 (as
applicable) prior to becoming a party to the Transaction. At any time at which (1) the Equity Percentage exceeds 8.0% or (2) Dealer,
Dealer Group (as defined below) or any person whose ownership position would be aggregated with that of Dealer or Dealer Group
(Dealer, Dealer Group or any such person, a “Dealer Person”) under any applicable “business combinations
statute” or other federal, state or local law, rule, regulation or regulatory order or organizational documents or contracts
of Counterparty applicable to ownership of Shares (“Applicable Restrictions”), owns, beneficially owns, constructively
owns, controls, holds the power to vote or otherwise meets a relevant definition of ownership in excess of a number of Shares equal
to (x) the number of Shares that would give rise to reporting, registration, filing or notification obligations or other requirements
(including obtaining prior approval by a state or federal regulator) of a Dealer Person under Applicable Restrictions and with
respect to which such requirements have not been met or the relevant approval has not been received minus (y) 1% of
the number of Shares outstanding on the date of determination (either such condition described in clause (1) or (2), an “Excess
Ownership Position”), if Dealer, in its commercially reasonable discretion, is unable to effect a transfer or assignment
to a third party in accordance with the requirements set forth above after its commercially reasonable efforts on pricing and terms
and within a time period reasonably acceptable to Dealer such that an Excess Ownership Position no longer exists, Dealer may designate
any Scheduled Valid Day as an Early Termination Date with respect to a portion (the “Terminated Portion”) of
the Transaction, such that an Excess Ownership Position no longer exists following such partial termination. In the event that
Dealer so designates an Early Termination Date with respect to a portion of the Transaction, a payment or delivery shall be made
pursuant to Section 6 of the Agreement and Section 8(c) of this Confirmation as if (i) an Early Termination
Date had been designated in respect of a Transaction having terms identical to the Terminated Portion of the Transaction, (ii) Counterparty
were the sole Affected Party with respect to such partial termination, (iii) such portion of the Transaction were the only
Terminated Transaction and (iv) Dealer were the party entitled to designate an Early Termination Date pursuant to Section 6(b) of
the Agreement and to determine the amount payable pursuant to Section 6(e) of the Agreement. The “Equity Percentage”
as of any day is the fraction, expressed as a percentage, (A) the numerator of which is the number of Shares that Dealer and
any of its affiliates subject to aggregation with Dealer for purposes of the “beneficial ownership” test under Section 13
of the Exchange Act and all persons who may form a “group” (within the meaning of Rule 13d-5(b)(1) under
the Exchange Act) with Dealer (collectively, “Dealer Group”) “beneficially own” (within the meaning
of Section 13 of the Exchange Act) without duplication on such day (or, to the extent that for any reason the equivalent calculation
under Section 16 of the Exchange Act and the rules and regulations thereunder results in a higher number, such higher
number) and (B) the denominator of which is the number of Shares outstanding on such day.

 

    16 

     

    

 

In the case of a transfer or assignment
by Counterparty of its rights and obligations hereunder and under the Agreement, in whole or in part (any such Options so transferred
or assigned, the “Transfer Options”), to any party, withholding of such consent by Dealer shall not be considered
unreasonable if such transfer or assignment does not meet the reasonable conditions that Dealer may impose including, but not limited,
to the following conditions:

 

(A) with respect to any
Transfer Options, Counterparty shall not be released from its notice and indemnification obligations pursuant to Section 8(e) or
any obligations under Section 2 (regarding Extraordinary Events) or 8(d) of this Confirmation;

 

(B) any Transfer Options
shall only be transferred or assigned to a third party that is a U.S. person (as defined in the Code);

 

(C) such transfer or assignment
shall be effected on terms, including any commercially reasonable undertakings by such third party (including, but not limited
to, undertakings with respect to compliance with applicable securities laws in a manner that, in the reasonable judgment of Dealer,
will not expose Dealer to material risks under applicable securities laws) and execution of any documentation and delivery of customary
legal opinions with respect to securities laws and other matters by such third party and Counterparty as are commercially reasonably
requested and reasonably satisfactory to Dealer;

 

(D) Dealer will not, as
a result of such transfer and assignment, be required to pay the transferee or assignee on any payment date an amount or number
of Shares under Section 2(d)(i)(4) of the Agreement greater than an amount or number of Shares that Dealer would have
been required to pay to Counterparty in the absence of such transfer and assignment;

 

(E) Dealer
shall not, as a result of such transfer or assignment, receive from the transferee or assignee any amount or number of Shares less
than it would have been entitled to receive (including under Section 2(d)(i)(4) of the Agreement) in the absence of such
transfer or assignment;

 

(F) an Event of Default,
Potential Event of Default or Termination Event will not occur as a result of such transfer and assignment;

 

(G) without limiting the
generality of clause (B), Counterparty shall have caused the transferee to make such Payee Tax Representations and to provide such
tax documentation as may be reasonably requested by Dealer to permit Dealer to determine that results described in clauses (D) and
(E) will not occur upon or after such transfer and assignment; and

 

(H) Counterparty shall be
responsible for all commercially reasonable costs and expenses, including commercially reasonable counsel fees, incurred by Dealer
in connection with such transfer or assignment.

 

(g) Staggered Settlement.
If Dealer determines in good faith and in its commercially reasonable discretion that the number of Shares required to be delivered
to Counterparty hereunder on any Settlement Date would result in an Excess Ownership Position, then Dealer may, by notice to Counterparty
prior to such Settlement Date (a “Nominal Settlement Date”), elect to deliver any Shares due to be delivered
on two or more dates (each, a “Staggered Settlement Date”) or at two or more times on the Nominal Settlement
Date as follows:

 

(i) in such notice, Dealer
will specify to Counterparty the related Staggered Settlement Dates (each of which will be on or prior to such Nominal Settlement
Date) or delivery times and how it will allocate the Shares it is required to deliver hereunder on the Settlement Date among the
Staggered Settlement Dates or delivery times; and

 

(ii) the aggregate number
of Shares that Dealer will deliver to Counterparty hereunder on all such Staggered Settlement Dates and delivery times will equal
the number of Shares that Dealer would otherwise be required to deliver on such Nominal Settlement Date; provided that in
no event shall any Staggered Settlement Date be a date later than the Final Termination Date.

 

    17 

     

    

 

(h) Disclosure. Effective
from the date of commencement of discussions concerning the Transaction, Counterparty and each of its employees, representatives,
or other agents may disclose to any and all persons, without limitation of any kind, the tax treatment and tax structure of the
Transaction and all materials of any kind (including opinions or other tax analyses) that are provided to Counterparty relating
to such tax treatment and tax structure.

 

(i) No Netting and Set-off.
The provisions of Section 2(c) of the Agreement shall not apply to the Transaction. Each party waives any and all
rights it may have to set-off delivery or payment obligations it owes to the other party under the Transaction against any delivery
or payment obligations owed to it by the other party, whether arising under the Agreement, under any other agreement between parties
hereto, by operation of law or otherwise.

 

(j) Equity Rights. Dealer
acknowledges and agrees that this Confirmation is not intended to convey to it rights with respect to the Transaction that are
senior to the claims of common stockholders in the event of Counterparty’s bankruptcy. For the avoidance of doubt, the parties
agree that the preceding sentence shall not apply at any time other than during Counterparty’s bankruptcy to any claim arising
as a result of a breach by Counterparty of any of its obligations under this Confirmation or the Agreement. For the avoidance of
doubt, the parties acknowledge that the obligations of Counterparty under this Confirmation are not secured by any collateral that
would otherwise secure the obligations of Counterparty herein under or pursuant to any other agreement.

 

(k) Early Unwind. In
the event the sale of the [“Firm Securities”]12 [“Underwritten Securities”]13
(as defined in the Purchase Agreement dated as of June 8, 2020, between Counterparty and [_________], as representative of
the Initial Purchasers party thereto (the “Initial Purchasers”)) is not consummated with the Initial Purchasers
for any reason by 5:00 p.m. (New York City time) on the Premium Payment Date, or such later date as agreed upon by the parties
(the Premium Payment Date or such later date, the “Early Unwind Date”), the Transaction shall automatically
terminate (the “Early Unwind”) on the Early Unwind Date and (i) the Transaction and all of the respective
rights and obligations of Dealer and Counterparty under the Transaction shall be cancelled and terminated and (ii) each party
shall be released and discharged by the other party from and agrees not to make any claim against the other party with respect
to any obligations or liabilities of the other party arising out of and to be performed in connection with the Transaction either
prior to or after the Early Unwind Date. Each of Dealer and Counterparty represents and acknowledges to the other that, upon an
Early Unwind, all obligations with respect to the Transaction shall be deemed fully and finally discharged.

 

(l) Wall Street Transparency
and Accountability Act. In connection with Section 739 of the Wall Street Transparency and Accountability Act of 2010
(“WSTAA”), the parties hereby agree that neither the enactment of WSTAA or any regulation under the WSTAA, nor
any requirement under WSTAA or an amendment made by WSTAA, shall limit or otherwise impair either party’s otherwise applicable
rights to terminate, renegotiate, modify, amend or supplement this Confirmation or the Agreement, as applicable, arising from a
termination event, force majeure, illegality, increased costs, regulatory change or similar event under this Confirmation, the
Equity Definitions incorporated herein, or the Agreement (including, but not limited to, rights arising from Change in Law, Hedging
Disruption, an Excess Ownership Position, or Illegality (as defined in the Agreement)).

 

(m) Amendments to Equity Definitions
and the Agreement. The following amendments shall be made to the Equity Definitions:

 

(i) solely for purposes
of applying the Equity Definitions and for purposes of this Confirmation, any reference in the Equity Definitions to a Strike Price
shall be deemed to be a reference to either of the Strike Price or the Cap Price, or both, as appropriate;

 

(ii) for
the purpose of any adjustment under Section 11.2(c) of the Equity Definitions, the first sentence of Section 11.2(c) of
the Equity Definitions, prior to clause (A) thereof, is hereby amended to read as follows: “If “Calculation Agent
Adjustment” is specified as the Method of Adjustment in the related Confirmation of a Share Option Transaction, then following
the announcement or occurrence of any Potential Adjustment Event, the Calculation Agent will determine whether such Potential Adjustment
Event has, in the commercially reasonable judgment of the Calculation Agent, a material economic effect on the theoretical value
of the relevant Shares or options on the Shares (provided that such event is not based on (x) an observable market,
other than the market for Counterparty’s own stock or (y) an observable index, other than an index calculated and measured
solely by reference to Counterparty’s own operations) and, if so, will (i) make appropriate adjustment(s), if any, determined
in a commercially reasonable manner, to any one or more of:”, and the portion of such sentence immediately preceding clause
(ii) thereof is hereby amended by deleting the words “diluting or concentrative” and the words “(provided
that no adjustments will be made to account solely for changes in volatility, expected dividends, stock loan rate or liquidity
relative to the relevant Shares)” and replacing such latter phrase with the words “(provided that solely in
the case of Section 11.2(e)(i), (ii)(A), (iv) and (v), no adjustments will be made to account for changes in volatility,
expected dividends, stock loan rate or liquidity relative to the relevant Shares as determined by the Calculation Agent in a commercially
reasonable manner, but, for the avoidance of doubt, solely in the case of Sections 11.2(e)(ii)(B) through (D), (iii), (vi) and
(vii), adjustments may be made to account solely for changes in volatility, expected dividends, stock loan rate or liquidity relative
to the relevant Shares)”;

 

 

12
Insert for Base Call Option Confirmation.

13
Insert for Additional Call Option Confirmation.

 

    18 

     

    

 

(iii) Section 11.2(a) of
the Equity Definitions is hereby amended by (1) deleting the words “in the determination of the Calculation Agent, a
diluting or concentrative effect on the theoretical value of the relevant Shares” and replacing these words with “in
the commercially reasonable judgment of the Calculation Agent, a material economic effect on the theoretical value of the Shares
or options on such Shares”; and (2) adding at the end thereof “; provided that such event is not based
on (i) an observable market, other than the market for Counterparty’s own stock or (ii) an observable index, other
than an index calculated and measured solely by reference to Counterparty’s own operations”;

 

(iv) Section 11.2(e)(vii) of
the Equity Definitions is hereby amended and restated as follows: “any other corporate event involving the Issuer that in
the commercially reasonable judgment of the Calculation Agent has a material economic effect on the theoretical value of the Shares
or options on the Shares; provided that such corporate event involving the Issuer is not based on (a) an observable
market, other than the market for Counterparty’s own stock or (b) an observable index, other than an index calculated
and measured solely by reference to Counterparty’s own operations.”; and

 

(v) Section 12.7(b) of
the Equity Definitions is hereby amended by deleting the words “(and in any event within five Exchange Business Days) by
the parties after” appearing after the words “agreed promptly” and replacing with the words “by the parties
on or prior to”.

 

(n) Governing Law. THE
AGREEMENT, THIS CONFIRMATION AND ALL MATTERS ARISING IN CONNECTION WITH THE AGREEMENT AND THIS CONFIRMATION SHALL BE GOVERNED BY,
AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK (WITHOUT REFERENCE TO ITS CHOICE OF LAW DOCTRINE,
OTHER THAN TITLE 14 OF THE NEW YORK GENERAL OBLIGATIONS LAW). THE PARTIES HERETO IRREVOCABLY SUBMIT TO THE EXCLUSIVE JURISDICTION
OF THE FEDERAL AND STATE COURTS LOCATED IN THE BOROUGH OF MANHATTAN, IN THE CITY OF NEW YORK IN ANY SUIT OR PROCEEDING ARISING
OUT OF OR RELATING TO THE AGREEMENT, THIS CONFIRMATION OR ANY TRANSACTIONS CONTEMPLATED HEREBY.

 

(o) Adjustments. 
For the avoidance of doubt, whenever the Calculation Agent or Determining Party is called upon to make an adjustment pursuant to
the terms of this Confirmation or the Equity Definitions to take into account the effect of an event, the Calculation Agent or
Determining Party shall make such adjustment by reference to the effect of such event on the Hedging Party, assuming that the Hedging
Party maintains a commercially reasonable hedge position.

 

(p) Delivery
or Receipt of Cash. For the avoidance of doubt, other than payment of the Premium by Counterparty, nothing in this Confirmation
shall be interpreted as requiring Counterparty to cash settle the Transaction, except in circumstances where cash settlement is
within Counterparty’s control (including, without limitation, where Counterparty elects to deliver or receive cash) or in
those circumstances in which holders of Shares would also receive cash.

 

(q) Waiver of Jury Trial.
EACH PARTY HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHTS TO TRIAL BY JURY WITH RESPECT TO ANY LEGAL PROCEEDING ARISING OUT OF
OR RELATING TO THE AGREEMENT, THIS CONFIRMATION OR ANY TRANSACTIONS CONTEMPLATED HEREBY.

 

    19 

     

    

 

(r) Amendment. This Confirmation
and the Agreement may not be modified, amended or supplemented, except in a written instrument signed by Counterparty and Dealer.

 

(s) Counterparts. This
Confirmation may be executed in several counterparts, each of which shall be deemed an original but all of which together shall
constitute one and the same instrument.

 

(t) Tax Matters. For the purpose
of Sections 4(a)(i) and (ii) of the Agreement, Counterparty agrees to deliver to Dealer one duly executed and completed
United States Internal Revenue Service Form W-9 (or successor thereto) and Dealer agrees to deliver to Counterparty, as applicable,
a U.S. Internal Revenue Service Form [W-9][W-8ECI][ W-8BEN-E][W-8IMY] (or successor thereto). Such forms or documents shall
be delivered upon (i) execution of this Confirmation, (ii) Counterparty or Dealer, as applicable, learning that any such
tax form previously provided by it has become obsolete or incorrect, and (iii) reasonable request of the other party.

 

(u) Payee Tax Representation.

 

(i) For the purpose of Section 3(f) of
the Agreement, Counterparty makes the representations below:

 

Counterparty is a corporation created or organized
in the United States or under the laws of the United States and its U.S. taxpayer identification number is [_____________]14.
It is “exempt” within the meaning of Treasury Regulation sections 1.6041-3(p) and 1.6049-4(c) from information
reporting on IRS Form 1099 and backup withholding.

 

(ii) For the purpose of
Section 3(f) of the Agreement, Dealer makes the representations below:

 

[Dealer
is a U.S. person (as that term is defined in Section 7701(a)(30) and used in Section 1.1441-4(a)(3)(ii) of the Treasury
Regulations) for U.S. federal income tax purposes. It is “exempt” within the meaning of Treasury Regulation
sections 1.6041-3(p) and 1.6049-4(c) from information reporting on IRS Form 1099 and backup withholding.

 

OR

 

[Dealer] is a [corporation] established under the
laws of [ ] and is classified as a corporation for U.S. federal income tax purposes. No income received or to be received under
this Agreement will be effectively connected with the conduct of a trade or business by [Dealer] in the United States. [Dealer]
is a “non-U.S. branch of a foreign person” as that term is used in Section 1.1441-4(a)(3)(ii) of the Regulations,
and it is a “foreign person” as that term is used in Section 1.6041-4(a)(4) of the Regulations.]15

 

(v)  Withholding Tax imposed
on payments to non-US counterparties under the United States Foreign Account Tax Compliance Act. “Indemnifiable Tax”,
as defined in Section 14 of the Agreement, shall not include any U.S. federal withholding tax imposed or collected pursuant
to Sections 1471 through 1474 of the Code, any current or future regulations or official interpretations thereof, any agreement
entered into pursuant to Section 1471(b) of the Code, or any fiscal or regulatory legislation, rules or practices
adopted pursuant to any intergovernmental agreement entered into in connection with the implementation of such Sections of the
Code (a "FATCA Withholding Tax"). For the avoidance of doubt, a FATCA Withholding Tax is a Tax the deduction or
withholding of which is required by applicable law for the purposes of Section 2(d) of the Agreement.

 

(w) Incorporation
of ISDA 2015 Section 871(m) Protocol Provisions. To the extent that either party to the Agreement with respect
to this Transaction is not an adhering party to the ISDA 2015 Section 871(m) Protocol published by the International
Swaps and Derivatives Association, Inc. on November 2, 2015 and available at www.isda.org, as may be amended, supplemented,
replaced or superseded from time to time (the “871(m) Protocol”), the parties agree that the provisions
and amendments contained in the Attachment to the 871(m) Protocol are incorporated into and apply to the Agreement with respect
to this Transaction as if set forth in full herein. The parties further agree that, solely for purposes of applying such provisions
and amendments to the Agreement with respect to this Transaction, references to “each Covered Master Agreement” in
the 871(m) Protocol will be deemed to be references to the Agreement with respect to this Transaction, and references to the
 “Implementation Date” in the 871(m) Protocol will be deemed to be references to the Trade Date of this Transaction.

 

 

14
Counterparty to provide taxpayer ID.

15
Insert as applicable (or other appropriate dealer reps) depending on tax status of dealer.

 

    20 

     

    

 

(x) Agreements and Acknowledgements
Regarding Hedging. Counterparty understands, acknowledges and agrees that: (A) at any time on or prior to the final
Expiration Date, Dealer and its affiliates may buy or sell Shares or other securities or buy or sell options or futures contracts
or enter into swaps or other derivative securities in order to adjust its hedge position with respect to the Transaction; (B) Dealer
and its affiliates also may be active in the market for Shares other than in connection with hedging activities in relation to
the Transaction; (C) Dealer shall make its own determination as to whether, when or in what manner any hedging or market activities
in securities of the Issuer shall be conducted and shall do so in a manner that it deems appropriate to hedge its price and market
risk with respect to the Relevant Prices; and (D) any market activities of Dealer and its affiliates with respect to Shares
may affect the market price and volatility of Shares, as well as the Relevant Prices, each in a manner that may be adverse to Counterparty.

 

(y) [U.S. Resolution Stay Protocol.
The parties acknowledge and agree that (i) to the extent that prior to the date hereof both parties have adhered to the 2018
ISDA U.S. Resolution Stay Protocol (the “Protocol”), the terms of the Protocol are incorporated into and form
a part of the Agreement, and for such purposes the Agreement shall be deemed a Protocol Covered Agreement, the Dealer shall be
deemed a Regulated Entity and Counterparty shall be deemed an Adhering Party; (ii) to the extent that prior to the date hereof
the parties have executed a separate agreement the effect of which is to amend the qualified financial contracts between them to
conform with the requirements of the QFC Stay Rules (the “Bilateral Agreement”), the terms of the Bilateral
Agreement are incorporated into and form a part of the Agreement, and for such purposes the Agreement shall be deemed a Covered
Agreement, Dealer shall be deemed a Covered Entity and Counterparty shall be deemed a Counterparty Entity; or (iii) if clause
(i) and clause (ii) do not apply, the terms of Section 1 and Section 2 and the related defined terms (together,
the “Bilateral Terms”) of the form of bilateral template entitled “Full-Length Omnibus (for use between
U.S. GSIBs and Corporate Groups)” published by ISDA on November 2, 2018 (currently available on the 2018 ISDA U.S. Resolution
Stay Protocol page at www.isda.org and, a copy of which is available upon request), the effect of which is to amend the qualified
financial contracts between the parties thereto to conform with the requirements of the QFC Stay Rules, are hereby incorporated
into and form a part of the Agreement, and for such purposes the Agreement shall be deemed a “Covered Agreement,” Dealer
shall be deemed a “Covered Entity” and Counterparty shall be deemed a “Counterparty Entity.” In the event
that, after the date of the Agreement, both parties hereto become adhering parties to the Protocol, the terms of the Protocol will
replace the terms of this paragraph. In the event of any inconsistencies between the Agreement and the terms of the Protocol, the
Bilateral Agreement or the Bilateral Terms (each, the “QFC Stay Terms”), as applicable, the QFC Stay Terms will
govern. Terms used in this paragraph without definition shall have the meanings assigned to them under the QFC Stay Rules. For
purposes of this paragraph, references to “the Agreement” include any related credit enhancements entered into between
the parties or provided by one to the other. In addition, the parties agree that the terms of this paragraph shall be incorporated
into any related covered affiliate credit enhancements, with all references to Dealer replaced by references to the covered affiliate
support provider.

 

“QFC Stay Rules” means the regulations codified
at 12 C.F.R. 252.2, 252.81–8, 12 C.F.R. 382.1-7 and 12 C.F.R. 47.1-8, which, subject to limited exceptions, require an express
recognition of the stay-and-transfer powers of the FDIC under the Federal Deposit Insurance Act and the Orderly Liquidation Authority
under Title II of the Dodd Frank Wall Street Reform and Consumer Protection Act and the override of default rights related directly
or indirectly to the entry of an affiliate into certain insolvency proceedings and any restrictions on the transfer of any covered
affiliate credit enhancements.]16

 

 

16
Insert preferred form of US QFC Stay Rule language for each Dealer.

 

    21 

     

    

 

(z) Financial
Assistance. Counterparty acknowledges that the Transaction may constitute a purchase of its equity securities. Counterparty
further acknowledges that, pursuant to the provisions of the Coronavirus Aid, Relief and Economic Security Act (the “CARES
Act”), the Counterparty would be required to agree to certain time-bound restrictions on its ability to purchase its
equity securities if it receives loans, loan guarantees or direct loans (as that term is defined in the CARES Act) under section
4003(b) of the CARES Act. Counterparty further acknowledges that it may be required to agree to certain time-bound restrictions
on its ability to purchase its equity securities if it receives loans, loan guarantees or direct loans (as that term is defined
in the CARES Act) under programs or facilities established by the Board of Governors of the Federal Reserve System for the purpose
of providing liquidity to the financial system (together with loans, loan guarantees or direct loans under section 4003(b) of
the CARES Act, “Governmental Financial Assistance”). Accordingly, Counterparty represents and warrants that
it has not applied for, and prior to the termination or settlement of the Transaction has no present intention to apply for Governmental
Financial Assistance under any governmental program or facility that (a) is established under the CARES Act or the Federal
Reserve Act, as amended, and (b) requires, as a condition of such Governmental Financial Assistance, that the Counterparty
agree, attest, certify or warrant that it has not, as of the date specified in such condition, repurchased, or will not repurchase,
any equity security of Counterparty.

 

(aa)
[Dealer Boilerplate. Insert additional Dealer boilerplate, if applicable]

 

    22 

     

    

 

Please confirm that the foregoing correctly
sets forth the terms of our agreement by sending to us a letter or telex substantially similar to this facsimile, which letter
or telex sets forth the material terms of the Transaction to which this Confirmation relates and indicates your agreement to those
terms.

 

 

	 	Yours faithfully,
	 	 
	 	[___________]
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

	 	 
	 	Agreed and Accepted By:	 
	 	 	 
	 	[__________]	 
	 	 	 
	 	 	 
	By 	 	 
	 	Name:	 
	 	Title:	 
	 	 

 

    23 

     

    

 

Schedule 1

 

[Form of Guarantee]

 

 

    24 

     

    

 

Annex A

 

For each Component of the Transaction, the Number of Options
and Expiration Date is set forth below.

 

	Component Number	Number of Options	Expiration Date
	1	 	April 16, 2027
	2	 	April 19, 2027
	3	 	April 20, 2027
	4	 	April 21, 2027
	5	 	April 22, 2027
	6	 	April 23, 2027
	7	 	April 26, 2027
	8	 	April 27, 2027
	9	 	April 28, 2027
	10	 	April 29, 2027
	11	 	April 30, 2027
	12	 	May 3, 2027
	13	 	May 4, 2027
	14	 	May 5, 2027
	15	 	May 6, 2027
	16	 	May 7, 2027
	17	 	May 10, 2027
	18	 	May 11, 2027
	19	 	May 12, 2027
	20	 	May 13, 2027
	21	 	May 14, 2027
	22	 	May 17, 2027
	23	 	May 18, 2027
	24	 	May 19, 2027
	25	 	May 20, 2027
	26	 	May 21, 2027
	27	 	May 24, 2027
	28	 	May 25, 2027
	29	 	May 26, 2027
	30	 	May 27, 2027
	31	 	May 28, 2027
	32	 	June 1, 2027
	33	 	June 2, 2027
	34	 	June 3, 2027
	35	 	June 4, 2027
	36	 	June 7, 2027
	37	 	June 8, 2027
	38	 	June 9, 2027
	39	 	June 10, 2027
	40	 	June 11, 2027

 

    25Exhibit
10.1

 

Subscription
Agreement

 

Party
A: Autobacs Seven Co., Ltd.

Address:
NBF Toyosu Canal Front, 6-52, Toyosu 5-chome, Koto-ku, Tokyo 135-8717, Japan

Legal
representative: KIOMI KOBAYASHI

 

Party
B: Guangdong CarHouse E-Commerce Technology Co., Ltd.

Address:
Room 4801-4810, Taishang Building, No. 11 Dongwan Road, Huoshushu Community, Dongcheng District, Dongguan City, Guangdong Province,
China.

Legal
representative: Jiang Haitao

 

Whereas:

 

		1.	Party
                                         A intends to invest in the equity of Party B.

 

		2.	Party
                                         B agrees that Party A will invest in it.

 

According
to the Company Law of the People’s Republic of China and other relevant
laws and regulations, the parties have reached the following agreement upon negotiation, and will comply with it.

 

Article
1. Company’s Capital Increase and Share Expansion 

 

Party
B intends to increase capital by 1,214,330 shares for RMB 26.5 per share. Party B accepts the way of investment in cash from Party
A, and Party A purchases 1,214,330 shares for RMB 32,179,745 for the investment.

 

Article
2. Representations, Warranties and Covenant

 

The
two parties make the following representations, warranties and covenants and sign this agreement accordingly:

 

		1.	Party
                                         A is a legal enterprise validly established and continuously existing under the law of
                                         Japan. Party B is a legal enterprise validly established and continuously existing under
                                         the law of China. Both sides have the rights and capabilities to sign this agreement,
                                         and have obtained all the authorizations, permits and approvals from the relevant decision-making
                                         department in the enterprise required for this capital increase and expansion.

 

		2.	The
                                         obligations assumed by Party A and Party B in this agreement are legal and valid, and
                                         their performance will not conflict with other agreements obligations assumed by the
                                         parties, nor will they violate any existing laws, regulations, administrative regulations,
                                         and business rules of the Shanghai Equity Custody Trading Center and other policy requirements.

  

    1

     

    

 

Article
3. The Obligations and Responsibilities of Both Parties

 

		1.	Once
                                         this agreement becomes effective, Party A shall pay all subscription amount within the
                                         time specified by both parties.

 

		2.	Once
                                         Party A’s subscription fund has been received, Party B shall apply for capital
                                         verification, shareholding entrustment registration and other procedures as required
                                         by law.

 

		3.	Party
                                         B will use the raised fund through the proposed fund-raising plan according to the laws
                                         and regulations, except for the approval of the change of the fundraising project or
                                         the fund-raising plan by the shareholders’ meeting of Party B.

 

Article
4. Effectiveness of the Agreement

 

This
agreement becomes valid after signing by both parties, unless the government agency requires additional provisions.

 

Article
5. Termination of the Agreement

 

Within
the time period before the change of the shareholder, in accordance with the provisions of this agreement:

 

		1.	if
                                         one of the following circumstances occurs, Party A has the right to terminate this agreement
                                         after notifying Party B and to recoup the capital increase under this agreement:

 

		(1)	There
                                         have been incidents in which it is unpredictable and unavoidable for its occurrence,
                                         and it is unacceptable for its subsequent consequences, which leads to the impossibility
                                         of this capital increase and share expansion;

		(2)	Party
                                         B has violated any of the provisions of this agreement and the breach of contract has
                                         made the purpose of this agreement unrealizable;

		(3)	There
                                         have been any facts or circumstances that make Party B’s representations, warranties
                                         and covenants unrealistic in its substantive sense.

 

		2.	If
                                         one of the following circumstances occurs, Party B has the right to terminate this agreement
                                         after notifying Party A:

 

(1)
There have been incidents that are unpredictable and unavoidable, and the consequences of which cannot be overcome, resulting
in the impossibility of this capital increase and share expansion;

 

(2)
Party A violates any of the terms of this agreement, and the breach of contract makes the purpose of this agreement unrealizable;

 

(3)Any
facts or circumstances that make Party A’s representations, warranties and covenants untrue in substance.

 

    2

     

    

 

Article
6. Confidentiality

 

1.
The information obtained by the parties concerning the execution and performance of this agreement and related to the following
items shall be kept strictly confidential, unless provided in Section 2 of this Article:

 

(1)
the terms of this agreement;

 

(2)
negotiations concerning this agreement;

 

(3)
the subject matter of this agreement; and

 

(4)
trade secrets of the parties.

 

However,
except as disclosed in item 2 of this Article.

 

2.
The parties mentioned in this agreement may disclose the information mentioned in Section 1 of this Article only under the following
circumstances.

 

(1)
the requirements of the law;

 

(2)
any requirements of government agency or regulatory body with jurisdiction;

 

(3)
disclosure made to the professional consultants or lawyer of the party (if any);

 

(4)
not due to fault from any party, the information enters the public domain; and

 

(5)
the other party gives prior written consent.

 

		3.	This
                                         Article survives the termination of this agreement and is not subject to time restrictions.

 

Article
7. Force Majeure

 

		1.	If
                                         any party fails to perform due to its non-resistance, it has no fault of its own or its
                                         inability to perform this agreement will not be considered as a breach of contract, all
                                         necessary relief measures should be taken under the conditions to reduce the damage caused
                                         by force majeure.

 

		2.	For
                                         a party that suffers from force majeure, it should send notice of the incident to the
                                         other party in writing as soon as possible and within 15 days after the incident. This
                                         party should submit the report to describe the reason for the inability to perform or
                                         partially fail to perform the obligations of this agreement and the need to postpone
                                         the performance.

 

    3

     

    

 

Article
8. Liability for Breach of Contract

 

Once
this agreement has been signed, the parties to the agreement shall strictly abide by it, and any party that breaches the contract
shall bear the loss of the party of compliance.

 

Article
9. Dispute Resolution

 

The
law applicable to this agreement is the law of the People’s Republic of China. If the parties have a dispute during the agreement,
they should resolve by negotiation. If the negotiation fails, they should be submitted to the Singapore International Arbitration
Center for arbitration in accordance with its current effective arbitration rules. The arbitration is the final and has a binding
force for all parties.

 

Article
10. Unmentioned Matters

 

This
agreement provides the basic principles and content determined by the parties for this capital increase. Parties may enter into
a supplementary agreement for specific items and other matters that have not been covered by this agreement.

 

Article
11. Text of the Agreement

 

This
agreement is made in quadruplicate and each copy has the same legal effect. The two parties shall each hold two copies.

 

(This
page has no text below)

  

    4

     

    

 

Party
A

 

Autobacs
Seven Co., Ltd.

 

Legal
representative or authorized representative (signature): /s/ Yugo Horii

 

Party
B

 

Guangdong
CarHouse E-Commerce Technology Co., Ltd.

 

Legal
representative or authorized representative (signature): /s/ Haitao Jiang

 

 

5

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