Document:

Exhibit 10.52

 

FORM OF

CLOUD PEAK ENERGY INC.

2009 LONG TERM INCENTIVE PLAN

RESTRICTED STOCK UNIT AGREEMENT

Directors

 

THIS AGREEMENT, made as of the         day of                , 2014 (the “Grant Date”), between  Cloud  Peak  Energy  Inc.,  a  Delaware  corporation  (the  “Company”),  and            (the “Grantee”).

 

WHEREAS, the Company has adopted the Cloud Peak Energy Inc. 2009 Long Term Incentive Plan (the “Plan”), as amended, in order to provide an additional incentive to certain employees and directors of the Company and its Subsidiaries; and

 

WHEREAS, the Committee responsible for administration of the Plan has determined to grant Restricted Stock Units to the Grantee as provided herein.

 

NOW, THEREFORE, the parties hereto agree as follows:

 

1.                                      Grant of Restricted Stock Units.

 

1.1.                            The Company hereby grants to the Grantee, and the Grantee hereby accepts from the Company, an Award of                  Restricted Stock Units on the terms and conditions set forth in this Agreement. Each Restricted Stock Unit corresponds to one Share. The Restricted Stock Units shall be settled solely by delivery of a corresponding number of Shares at the times specified herein on the terms and conditions set forth herein.

 

1.2.                            This Agreement shall be construed in accordance with and consistent with, and subject to, the provisions of the Plan (the provisions of which are incorporated herein by reference); and except as otherwise expressly set forth herein, the capitalized terms used in this Agreement shall have the same definitions as set forth in the Plan.

 

2.                                      Dividend Equivalent Rights.

 

During the period that the Restricted Stock Units are outstanding, the Grantee shall be entitled to Dividend Equivalent Rights with respect to the Restricted Stock Units, in an amount equivalent to the dividends paid by the Company on a corresponding number of Shares. Dividend equivalents amounts credited in lieu of cash or stock dividends will be deemed to be reinvested in additional Shares based on the Fair Market Value of a Share on the date the dividend is paid (with any fractional Share resulting therefrom rounded up to a whole Share) and a corresponding additional number of Restricted Stock Units will be subject to the Award hereunder. Such additional Restricted Stock Units will be settled in Shares at the same time as the Restricted Stock Units to which the dividend equivalents relate.

 

 

3.                                      Payment of Award.

 

3.1.                            Except as otherwise provided within this Agreement, not more than thirty (30) days after date of the Grantee’s separation from service from the Company due to the Grantee’s death, disability, non-reelection to the Board, resignation from the Board with the prior consent of the nominating and corporate governance committee or for any other reason, the Company will deliver to the Grantee (or, the case of death, the Grantee’s Beneficiary or, if none, the Grantee’s estate) one Share for each Restricted Stock Unit subject to the Award hereunder. Notwithstanding the foregoing, if the Grantee’s separation from service occurs prior to the one- year anniversary of the Grant Date, the number of Shares the Grantee receives shall be prorated based upon the number of days that has passed between the Grant Date and the date of Grantee’s separation from service.  The term “separation from service” as used in this Agreement has the meaning set forth in Treas. Reg. § 1.409A-1(h).

 

3.2.                            In the event the Grantee is removed from the Board for cause (pursuant to Delaware law or the Company’s Certificate of Incorporation and Bylaws) all of the Restricted Stock Units shall immediately be forfeited to the Company in their entirety without payment of consideration therefor to the Grantee.

 

4.                                      Transferability.

 

The Grantee shall not sell, transfer, assign exchange, pledge, encumber or otherwise dispose of an Award of Restricted Stock Units or any portion thereof.

 

5.                                      Effect of a Change in Control.

 

If a Change in Control occurs that constitutes a change in control event (as defined in Treas. Reg. § 1.409A-3(i)(5)), all Shares subject to the Grantee’s Restricted Stock Units shall be delivered to the Grantee on the date of such Change in Control.

 

6.                                      Securities Laws.

 

Notwithstanding any provision of this Agreement to the contrary, the issuance of Shares will be subject to compliance with all applicable requirements of federal, state, or foreign law with respect to such securities and with the requirements of any stock exchange or market system upon which the Shares may then be listed. No Shares will be issued hereunder if such issuance would constitute a violation of any applicable federal, state, or foreign securities laws or other law or regulations or the requirements of any stock exchange or market system upon which the Shares may then be listed.  In addition, Shares will not be issued hereunder unless (a) a registration statement under the Securities Act is at the time of issuance in effect with respect to the shares issued or (b) in the opinion of legal counsel to the Company, the shares issued may be issued in accordance with the terms of an applicable exemption from the registration requirements of the Securities Act.  The inability of the Company to obtain from any regulatory body having jurisdiction the authority, if any, deemed by the Company’s legal counsel to be necessary to the lawful issuance and sale of any Shares subject to the Restricted Stock will relieve the Company of any liability in respect of the failure to issue such Shares as to which such requisite authority has not been obtained.  As a condition to any issuance hereunder, the Company may require the Grantee to satisfy any qualifications that may be necessary or

 

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appropriate to evidence compliance with any applicable law or regulation and to make any representation or warranty with respect to such compliance as may be requested by the Company.  From time to time, the Board and appropriate officers of the Company are authorized to take the actions necessary and appropriate to file required documents with governmental authorities, stock exchanges, and other appropriate persons to make Shares available for issuance.

 

7.                                      Rights of Grantee.

 

The Grantee shall have no rights as a stockholder of the Company with respect to the Restricted Stock Units until Shares are issued to the Grantee upon settlement of the Award.  The Grantee’s rights in respect of the Restricted Stock Units shall be limited to those of a general unsecured creditor of the Company.

 

7.                                      Grantee Bound by the Plan.

 

The Grantee hereby acknowledges receipt of a copy of the Plan and agrees to be bound by all the terms and provisions thereof.

 

8.                                      No Right to Continued Service.

 

Nothing in this Agreement or the Plan shall be interpreted or construed to confer upon the Grantee any right to be retained as a member of the Board.

 

8.                                      Payment of Taxes.

 

The Grantee shall be solely responsible for paying any and all taxes that may be associated with the grant or settlement of the Restricted Stock Units.

 

9.                                                  Modification of Agreement.

 

This Agreement may be modified, amended, suspended or terminated, and any terms or conditions may be waived, but only by a written instrument executed by the parties hereto. No waiver by either party hereto of any breach by the other party hereto of any provision of this Agreement to be performed by such other party shall be deemed a waiver of similar or dissimilar provisions at the time or at any prior or subsequent time.

 

10.                               Severability.

 

Should any provision of this Agreement be held by a court of competent jurisdiction to be unenforceable or invalid for any reason, the remaining provisions of this Agreement shall not be affected by such holding and shall continue in full force in accordance with their terms.

 

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11.                               Governing Law.

 

Except as to matters of federal law, the validity, interpretation, construction and performance of this Agreement shall be governed by the laws of the State of Delaware without giving effect to the conflicts of laws principles thereof.

 

12.                               Successors in Interest.

 

This Agreement shall inure to the benefit of and be binding upon any successor to the Company. This Agreement shall inure to the benefit of the Grantee’s legal representatives. All obligations imposed upon the Grantee and all rights granted to the Company under this Agreement shall be final, binding and conclusive upon the Grantee’s beneficiaries, heirs, executors, administrators and successors.

 

13.                               Resolution of Disputes.

 

Any dispute or disagreement which may arise under, or as a result of, or in any way relate to, the interpretation, construction or application of this Agreement shall be determined by the Committee. Any determination made hereunder shall be final, binding and conclusive on the Grantee and the Company for all purposes; provided however, that this dispute resolution provision shall not interfere with Grantees rights to pursue and protect his legal rights in a court of competent jurisdiction.

 

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IN WITNESS WHEREOF, this Agreement has been executed as of the date first written above.

 

	
CLOUD   PEAK ENERGY INC.

 
    	
 
    	
GRANTEE
    
	
 
    	
 
    	
 
    
	
By:
    	
 
    	
Print   Name:
    
	
Title:
    	
 
    	
 
    

 

5EX-4.1

 Exhibit 4.1 

FIRST SUPPLEMENTAL INDENTURE 

FIRST SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of February 17, 2015, among Trulia, Inc., a
Delaware corporation (the “Company”), Zillow Group, Inc., f/k/a Zebra Holdco, Inc., a Washington corporation (“Zillow Group”), and Wells Fargo Bank, National Association, a national banking association, as trustee
under the Indenture referred to below (the “Trustee”). 
 W I T N E S S E T H 

WHEREAS, the Company and the Trustee are parties to an Indenture, dated as of December 17, 2013 (the “Indenture”),
pursuant to which the Company issued its 2.75% Convertible Senior Notes due 2020 (the “Notes”); 
 WHEREAS, the
Company entered into the Agreement and Plan of Merger, dated as of July 28, 2014 (the “Merger Agreement”) by and among Zillow, Inc. (“Zillow”), Zillow Group and the Company;  

WHEREAS, pursuant to the Merger Agreement and subject to the terms and conditions therein, a wholly owned subsidiary of Zillow Group will
merge with and into the Company (the “Merger”) and the Company will continue as the surviving corporation in the Merger and a wholly owned subsidiary of Zillow Group; 

WHEREAS, pursuant to the Merger Agreement and subject to the terms and conditions therein, at the effective time of the Merger, each share of
common stock, par value $0.00001 per share, of the Company (the “Tulia Common Stock”) issued and outstanding immediately prior to the effective time of the Merger (other than the shares of Trulia Common Stock held by the Company,
Zillow Group, Zillow, or any direct or indirect wholly owned subsidiary of Zillow or the Company) will be converted into the right to receive 0.444 of a share of Class A Common Stock, par value $0.0001 per share, of Zillow Group (the
“Zillow Group Class A Common Stock”); 
 WHEREAS, Section 14.07(a) of the Indenture provides that upon the
occurrence of any Merger Event, then the successor or purchasing person shall enter into a supplemental indenture with the Trustee to provide that the right to convert each $1,000 principal amount of Notes shall be changed into a right to convert
such principal amount of Notes into the kind and amount of shares of stock, other securities or other property or assets (including cash or any combination thereof) that a holder of a number of shares of Trulia Common Stock equal to the Conversion
Rate immediately prior to any such Merger Event would have owned or been entitled to receive upon such Merger Event; 
 WHEREAS, Zillow
Group desires to fully and unconditionally guarantee all of the payment obligations of the Company under the Notes and the Indenture so as to make available the exemption from the registration requirements of the Securities Act of 1933, as amended
(the “Act”), provided by Section 3(a)(9) of the Act for shares of Zillow Group Class A Common Stock delivered upon conversion of the Notes following the Merger; 

 WHEREAS, pursuant to Section 10.01 of the Indenture, the Company and the Trustee may enter
into indentures supplemental to the Indenture for the purpose of, among other things, (i) adding guarantees with respect to the Notes, (ii) making any change that does not adversely affect the rights of any Holder, or (iii) in
connection with any Merger Event, providing that the Notes are convertible into Reference Property, subject to the provisions of Section 14.02, and make such related changes to the terms of the Notes to the extent expressly required or
permitted by Article 14; 
 WHEREAS, in connection with the execution and delivery of this Supplemental Indenture, the Trustee has received
an Officer’s Certificate and an Opinion of Counsel as contemplated by Sections 10.05, 11.03 and 14.07(b) of the Indenture; and 

WHEREAS, the Company and Zillow Group have requested that the Trustee execute and deliver this Supplemental Indenture and have satisfied all
requirements necessary to make this Supplemental Indenture a valid instrument in accordance with its terms. 
 NOW, THEREFORE, in
consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Company, Zillow Group and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders as
follows: 
 ARTICLE 1 

DEFINITIONS 

Section 1.1 Definitions in the Supplemental Indenture . A term defined in the Indenture has the same meaning when used in this
Supplemental Indenture unless such term is otherwise defined herein or amended or supplemented pursuant to this Supplemental Indenture. The words “herein,” “hereof,” “hereunder,” and words of similar import refer to
this Supplemental Indenture as a whole and not to any particular Article, Section or other subdivision. The terms defined in this Article include the plural as well as the singular. 

ARTICLE 2 
 EFFECT OF
MERGER ON CONVERSION RIGHT 
 Section 2.1 Conversion Right. The Company and Zillow Group expressly agree that, in accordance
with Section 14.07 of the Indenture, at and after the effective time of the Merger, the Holder of each Note that was outstanding as of the effective time of the Merger shall have the right to convert each $1,000 principal amount of such Note
into the number of shares of Zillow Group Class A Common Stock that a Holder of a number of shares of Trulia Common Stock equal to the Conversion Rate immediately prior to the effective time of the Merger would have been entitled to receive
upon the Merger. For purposes of this Supplemental Indenture, “Reference Property” and “unit of Reference Property,” as defined in the Indenture, means Zillow Group Class A Common stock and 0.444 shares of Zillow Group
Class A Common Stock, respectively. Upon the consummation of the Merger, references to “Common Stock” in the Indenture shall be deemed to refer to the Reference Property and references to “shares of Common Stock” in the
Indenture shall be deemed to refer to units of Reference Property. 

 ARTICLE 3 

ZILLOW GROUP GUARANTEE 

Section 3.1 Guarantee. Zillow Group (the “Guarantor”) hereby unconditionally guarantees to each Holder of a Note
authenticated and delivered by the Trustee and to the Trustee and its successors and assigns, irrespective of the validity and enforceability of the Indenture, this Supplemental Indenture, the Notes or the obligations of the Company hereunder or
thereunder, that: 
 (a) the principal (including the Redemption Price and the Fundamental Change Repurchase Price, if applicable) of, and
accrued and unpaid interest on, each of the Notes will be promptly paid in full when due, whether at maturity, by acceleration, redemption, conversion or otherwise, and interest on the overdue principal (including the Redemption Price and the
Fundamental Change Repurchase Price, if applicable) of and accrued and unpaid interest on, each of the Notes, if lawful, and all other obligations of the Company to the Holder or the Trustee under the Indenture, this Supplemental Indenture and the
Notes will be promptly paid or performed in full when due, whether at maturity, by acceleration, redemption, conversion or otherwise; and 

(b) in case of any extension of time of payment or renewal of any Notes or any of such other obligations, that same will be promptly paid in
full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise (collectively, such guarantee, the “Note Guarantee”). 

Failing payment when due of any amount so guaranteed or any performance so guaranteed for whatever reason, the Guarantor will be obligated to
pay or perform the same immediately. The Guarantor agrees that this is a guarantee of payment and not a guarantee of collection. 
 The
Guarantor hereby agrees that its obligations hereunder are unconditional, irrespective of the validity, regularity or enforceability of the Notes or the Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder
with respect to any provisions hereof or thereof, the recovery of any judgment against the Company, any action to enforce the same or any other circumstance that might otherwise constitute a legal or equitable discharge or defense of a guarantor.
The Guarantor hereby waives diligence, presentment, demand of payment, filing of claims with a court in the event of insolvency or bankruptcy of the Company, any right to require a proceeding first against the Company, protest, notice and all
demands whatsoever and covenants that this Note Guarantee will not be discharged except by complete performance of the obligations contained in the Notes or the Indenture. 

If any Holder or the Trustee is required by any court or otherwise to return to the Company, the Guarantor or any custodian, trustee,
liquidator or other similar official acting in relation to either the Company or the Guarantor, any amount paid by either to the Trustee or such Holder, this Note Guarantee, to the extent theretofore discharged, will be reinstated in full force and
effect. 

 The Guarantor agrees that it will not be entitled to any right of subrogation in relation to the
Holders in respect of any obligations guaranteed hereby until payment in full of all obligations guaranteed hereby. The Guarantor further agrees that, as between the Guarantor, on the one hand, and the Holders and the Trustee, on the other hand,
(1) the maturity of the obligations guaranteed hereby may be accelerated as provided in Section 6.02 of the Indenture for the purposes of this Note Guarantee, notwithstanding any stay, injunction or other prohibition preventing such
acceleration in respect of the obligations guaranteed hereby, and (2) in the event of any declaration of acceleration of such obligations as provided in Section 6.02 of the Indenture, such obligations (whether or not due and payable) will
forthwith become due and payable by the Guarantor for the purpose of this Note Guarantee. 
 Section 3.2 Limitation on Guarantor
Liability. The Guarantor, and by its acceptance of this Note Guarantee, each Holder, hereby confirms that it is the intention of all such parties that this Note Guarantee of the Guarantor not constitute a fraudulent transfer or conveyance for
purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal or state law to the extent applicable to this Note Guarantee. 

Section 3.3 Execution. To evidence the Note Guarantee set forth in Section 3.01 hereof, this Supplemental Indenture will be
executed on behalf of the Guarantor by one of its Officers. 
 The Guarantor hereby agrees that the Note Guarantee set forth in
Section 3.01 hereof will remain in full force and effect notwithstanding any failure to endorse on each Note a notation of the Note Guarantee. 

If an Officer whose signature is on this Supplemental Indenture no longer holds that office at the time the Trustee authenticates the Note on
which the Note Guarantee is endorsed, the Note Guarantee will be valid nevertheless. 
 The delivery of any Note by the Trustee, after the
authentication thereof hereunder, will constitute due delivery of the Note Guarantee set forth in this Supplemental Indenture on behalf of the Guarantor. 

Section 3.4 Releases. Upon the satisfaction and discharge of the Indenture in accordance with Article 3 of the Indenture, the
Guarantor will be released and relieved of any obligations under the Note Guarantee. 
 ARTICLE 4 

MISCELLANEOUS 

Section 4.1 Ratification of Indenture. The Indenture, as supplemented by this Supplemental Indenture, is in all respects ratified
and confirmed, and this Supplemental Indenture shall be deemed part of the Indenture in the manner and to the extent herein and therein provided. 

Section 4.2 Governing Law. THIS SUPPLEMENTAL INDENTURE, THE NOTE GUARANTEE AND THE NOTES, AND ANY CLAIM, CONTROVERSY OR DISPUTE
ARISING UNDER OR RELATED TO THIS INDENTURE AND EACH NOTE, SHALL BE 

 
GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

Section 4.3 Counterparts. This Supplemental Indenture may be executed in any number of counterparts, each of which shall be an
original, but such counterparts shall together constitute but one and the same instrument. The exchange of copies of this Supplemental Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and
delivery of this Supplemental Indenture as to the parties hereto and may be used in lieu of the original Supplemental Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original
signatures for all purposes. 
 [Remainder of page intentionally left blank] 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed as of the date first above written. 
  

					
	TRULIA, INC.
		
	By:  		/s/ Peter Flint
			Name:		Peter Flint
			Title:		Chief Executive Officer
	
	ZILLOW GROUP, INC.
		
	By:  		/s/ Chad M. Cohen
			Name:		Chad M. Cohen
			Title:		Chief Financial Officer
	
	 WELLS FARGO BANK, NATIONAL

ASSOCIATION, as Trustee

		
	By:  		/s/ Michael Tu
			Name:		Michael Tu
			Title:		Assistant Vice President

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