Document:

EX-4.6 Agreement on Limited Liability

Exhibit 4.6

(English Translation)

Agreement on Limited Liability

Internet Initiative Japan, Inc. (“IIJ”) and [name of outside director / outside statutory auditor],
an outside director of IIJ, (the “Director”) / an outside statutory auditor of IIJ, (the “Auditor”)
agree as follows in respect of limited liability for damages stipulated in Article 423 paragraph 1
of the Corporation Law of Japan of the Director/the Auditor to the company pursuant to the
provision of Article 427 paragraph 1 of the Corporation Law of Japan.

	 	Article 1.     	 	(Maximum Amount of Limited Liability)

If, after the execution hereof, the Director/the Auditor conducts any of the acts stipulated in
Article 423 paragraph 1 of the Corporation Law of Japan as an outside director/an outside statutory
auditor of IIJ and causes IIJ to sustain any damages as a result of such act, the Director/the
Auditor shall, save for acts conducted by himself/herself with any willful misconduct or gross
negligence, bear the limited liability for such damages amounting to 10 million yen or the
aggregate of the amounts set forth in Article 425 paragraph 1 of the Corporation Law of Japan,
whichever is higher.

	 	Article 2.     	 	(Expiration of Agreement on Limited Liability)

This Agreement shall expire at any time in the future if the Director /the Auditor becomes a
director, an executive officer, or an employee entitled to execute the business of IIJ or a
subsidiary thereof.

	 	Article 3.     	 	(In case of Reelection)

This Agreement shall apply to the acts which the Director/the Auditor conducts until he/she retires
from the position of director of IIJ; provided, however, if upon expiration of the term of office
as a director/a statutory auditor, the Director/the Auditor is reelected as a director of IIJ and
assumes the position, this Agreement shall remain effective with respect to the acts conducted by
such director/auditor after the reelection. The same shall apply thereafter.

	 	Article 4.     	 	(Deposit of Certificate of Stock Acquisition Rights)

If in case the Director/the Auditor possesses the certificate of stock acquisition right issued
concerning the rights set forth in Article 288 paragraph 1 of the Corporation Law of Japan
(including the certificate of stock acquisition rights issued concerning the rights set forth in
Article 280-19 paragraph 1 of the Commercial Code of Japan which is granted pursuant to the
resolution set forth in Article 280-21 paragraph 1 of the Commercial Code of Japan ) IIJ notifies
the Director/the Auditor that the Director/the Auditor has caused IIJ to sustain damages by
conducting the acts set forth in Article 423 paragraph 1 of the Corporation Law of Japan, the
Director/the Auditor shall promptly deliver the certificate of stock acquisition rights to the care
and custody of IIJ.

	 	Article 5.     	 	(Disclosure of Agreement on Limited Liability)

IIJ may disclose the existence and contents of this Agreement to a third party if such disclosure
is required by provisions of applicable laws or regulations.

	 	Article 6.     	 	(Jurisdiction by Agreement)

Any incident or dispute arising out of or in relation to this Agreement shall be subject to the
exclusive jurisdiction of the Tokyo District Court as the court of first instance.

IN WITNESS WHEREOF, this Agreement is executed in duplicate, and with their seals and signatures
affixed, each party retains one original, respectively.

June 26, 2009

	 	 	 	 	 
	 

	 	IIJ:
	 	Internet Initiative Japan, Inc.
	 

	 	 	 	1-105, Kanda Jinbo-cho, Chiyoda-ku, Tokyo,
	 

	 	 	 	Japan

	 

	 	 	 	Koichi Suzuki
	 

	 	 	 	Representative Director

	 

	 	Director:
	 	[name of outside director/auditor]exv10w3

Exhibit 10.3

FORM OF

RAILAMERICA INC.

2009 OMNIBUS STOCK INCENTIVE PLAN

Section 1. Purpose of Plan.

     The name of the Plan is the RailAmerica Inc. 2009 Omnibus Stock Incentive Plan (the
“Plan”). The purpose of the Plan is to provide an additional incentive to selected
management employees, directors, independent contractors, and consultants of the Company or its
Affiliates (as hereinafter defined) whose contributions are essential to the growth and success of
the Company’s business, in order to strengthen the commitment of such persons to the Company and
its Subsidiaries, motivate such persons to faithfully and diligently perform their responsibilities
and attract and retain competent and dedicated persons whose efforts will result in the long-term
growth and profitability of the Company. To accomplish such purposes, the Plan provides that the
Company may grant Options, Share Appreciation Rights, Restricted Shares, Deferred Shares,
Performance Shares, Other Share-Based Awards, or any combination of the foregoing.

Section 2. Definitions.

     For purposes of the Plan, the following terms shall be defined as set forth below:

     (a) “Administrator” means the Board, or, if and to the extent the Board does not
administer the Plan, the Committee in accordance with Section 3 hereof.

     (b) “Affiliate” means a Person that directly, or indirectly through one or more
intermediaries, controls, or is controlled by, or is under common control with, the Person
specified. An entity shall be deemed an Affiliate of the Company for purposes of this definition
only for such periods as the requisite ownership or control relationship is maintained.

     (c) “Award” means any Option, Share Appreciation Right, Restricted Share, Deferred
Share, Performance Share, or Other Share-Based Award granted under the Plan.

     (d) “Award Agreement” means any written agreement, contract or other instrument or
document evidencing an Award.

     (e) “Bylaws” mean the amended and restated bylaws of the Company, as may be amended
and/or restated from time to time.

     (f) “Beneficial Owner” (or any variant thereof) has the meaning defined in Rule 13d-3
under the Exchange Act.

     (g) “Board” means the Board of Directors of the Company.

 

 

     (h) “Cause” shall have the meaning assigned to such term in any individual employment
or severance agreement or Award Agreement with the Participant or, if no such agreement exists or
the agreement does not define “Cause,” Cause shall mean (i) the Participant commits any act of
fraud, intentional misrepresentation or serious misconduct in connection with the business of the
Company or any Affiliate, including, but not limited to, falsifying any documents or agreements
(regardless of form); (ii) the Participant materially violates any rule or policy of the Company or
any Affiliate (A) for which violation an employee may be terminated pursuant to the written
policies of the Company or any Affiliate reasonably applicable to such an employee, (B) which
violation results in material damage to the Company or any Affiliate or (C) which, after written
notice to do so, the Participant fails to correct within a reasonable time; (iii) other than solely
due to Disability, the Participant willfully breaches or habitually neglects any material aspect of
the Participant’s duties assigned to the Participant by the Company or any Affiliate, which
assignment was reasonable in light of the Participant’s position with the Company or its
Subsidiaries (all of the foregoing duties, “Duties”); (iv) other than solely due to
Disability, the Participant fails, after written notice, adequately to perform any Duties and such
failure is reasonably likely to have a material adverse impact upon the Company or any Affiliate or
the operations of any of them; provided, that, for purposes of this clause (iv), such a
material adverse impact will be solely determined with reference to the Participant’s Duties and
his annual compensation pursuant to this Agreement; (v) the Participant materially fails to comply
with a direction from the Chief Executive Officer of the Company, the Board or the board of
directors of any Affiliate with respect to a material matter, which direction was reasonable in
light of the Participant’s position with the Company or its Affiliates; (vi) while employed by or
providing services to the Company or its Affiliates, and without the written approval of the Board,
the Participant performs services for any other corporation or person which competes with the
Company or any of its subsidiaries, or otherwise violates any restrictive covenants contained in
any Award Agreement or any other agreement between the Company or any of its Affiliates; (vii) the
Participant is convicted by a court of competent jurisdiction of a felony (other than a traffic or
moving violation) or any crime involving dishonesty; (viii) the Participant engages in any other
action that may result in termination of an employee for cause pursuant to any generally applied
standard, of which standard the Participant knew or reasonably should have known, adopted in good
faith by the Board or the board of directors of any of the Company’s Subsidiaries from time to time
but prior to such action or condition; or (ix) any willful breach by the Participant of his
fiduciary duties as a director of the Company or any of its Subsidiaries. In the event that there
is a dispute between the Participant and the Company as to whether “Cause” for termination exists:
(1) such termination shall nonetheless be effective and (2) such dispute shall be subject to
arbitration in Jacksonville, Florida, using the commercial rules of the American Arbitration
Association.

     (i) “Certificate of Incorporation” means the amended and restated certificate of
incorporation of the Company, as may be further amended and/or restated from time to time.

     (j) “Change in Capitalization” means any (i) merger, consolidation, reclassification,
recapitalization, spin-off, spin-out, repurchase or other reorganization or

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corporate transaction or event, (ii) dividend (whether in the form of cash, Common Stock or
other property), stock split or reverse stock split, (iii) combination or exchange of shares, (iv)
other change in corporate structure or (v) declaration of a special dividend (including a cash
dividend) or other distribution, which, in any such case, the Administrator determines, in its sole
discretion, affects the Shares such that an adjustment pursuant to Section 5 hereof is appropriate.

     (k) “Change in Control” shall be deemed to have occurred if an event set forth in any
one of the following paragraphs shall have occurred:

          (1) any Person other than any Permitted Transferee is or becomes the Beneficial Owner,
directly or indirectly, of securities of the Company (not including in the securities beneficially
owned by such Person any securities acquired directly from the Company or any Affiliate thereof)
representing 50% or more of the combined voting power of the Company’s then outstanding securities;
or

          (2) the following individuals cease for any reason to constitute a majority of the number of
directors then serving on the Board: individuals who, on the date hereof, constitute the Board and
any new director (other than a director whose initial assumption of office is in connection with an
actual or threatened election contest, including, but not limited to, a consent solicitation,
relating to the election of directors of the Company) whose appointment or election by the Board or
nomination for election by the Company’s shareholders was approved or recommended by a vote of at
least two-thirds (2/3) of the directors then still in office who either were directors on the date
hereof or whose appointment, election or nomination for election was previously so approved or
recommended; or

          (3) there is consummated a merger or consolidation of the Company or any Subsidiary thereof
with any other corporation, other than a merger or consolidation immediately following which the
individuals who comprise the Board immediately prior thereto constitute at least a majority of the
Board of the entity surviving such merger or consolidation or, if the Company or the entity
surviving such merger is then a subsidiary, the ultimate parent thereof; or

          (4) the shareholders of the Company approve a plan of complete liquidation or dissolution of
the Company or there is consummated an agreement for the sale or disposition by the Company of all
or substantially all of the Company’s assets, other than (A) a sale or disposition by the Company
of all or substantially all of the Company’s assets to an entity, at least fifty percent (50%) of
the combined voting power of the voting securities of which are owned by shareholders of the
Company following the completion of such transaction in substantially the same proportions as their
ownership of the Company immediately prior to such sale or (B) a sale or disposition of all or
substantially all of the Company’s assets immediately following which the individuals who comprise
the Board immediately prior thereto constitute at least a majority of the board of directors of the
entity to which such assets are sold or disposed or, if such entity is a subsidiary, the ultimate
parent thereof.

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For each Award that constitutes deferred compensation under Section 409A of the Code, a Change in
Control shall be deemed to have occurred under the Plan with respect to such Award only if a change
in the ownership or effective control of the Company or a change in ownership of a substantial
portion of the assets of the Company shall also be deemed to have occurred under Section 409A of
the Code.

Notwithstanding the foregoing, a “Change in Control” shall not be deemed to have occurred by virtue
of the consummation of any transaction or series of integrated transactions immediately following
which the holders of Common Stock immediately prior to such transaction or series of transactions
continue to have substantially the same proportionate ownership in an entity which owns all or
substantially all of the assets of the Company immediately following such transaction or series of
transactions.

     (l) “Code” means the Internal Revenue Code of 1986, as amended from time to time, or
any successor thereto.

     (m) “Committee” means any committee or subcommittee the Board may appoint to
administer the Plan. Subject to the discretion of the Board, the Committee shall be composed
entirely of individuals who meet the qualifications of an “outside director” within the meaning of
Section 162(m) of the Code, a “non-employee director” within the meaning of Rule 16b-3 under the
Exchange Act and any other qualifications required by the applicable stock exchange on which the
Common Stock is traded. If at any time or to any extent the Board shall not administer the Plan,
then the functions of the Administrator specified in the Plan shall be exercised by the Committee.
Except as otherwise provided in the Articles of Incorporation or Bylaws, any action of the
Committee with respect to the administration of the Plan shall be taken by a majority vote at a
meeting at which a quorum is duly constituted or unanimous written consent of the Committee’s
members.

     (n) “Common Stock” means the common stock, par value $.01 per share, of the Company.

     (o) “Company” means RailAmerica Inc., a Delaware corporation (or any successor
corporation, except as the term “Company” is used in the definition of “Change in Control” above).

     (p) “Deferred Shares” means the right granted pursuant to Section 9 below to receive
Shares at the end of a specified deferral period or periods and/or upon attainment of specified
performance objectives.

     (q) “Disability” means, with respect to any Participant, that such Participant (i) as
determined by the Administrator in its sole discretion, is unable to engage in any substantial
gainful activity by reason of any medically determinable physical or mental impairment which can be
expected to result in death or can be expected to last for a continuous period of not less than
twelve (12) months, or (ii) is, by reason of any medically determinable physical or mental
impairment which can be expected to result in death or can be expected to last for a continuous
period of not less

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than twelve (12) months, receiving income replacement benefits for a period of not less than
three (3) months under an accident and health plan covering employees of the Company or an
Affiliate thereof.

     (r) “Eligible Recipient” means an employee, director, independent contractor or
consultant of the Company or any Affiliate of the Company who has been selected as an eligible
participant by the Administrator; provided, however, to the extent required to avoid the imposition
of additional taxes under Section 409A of the Code, an Eligible Recipient of an Option or a Share
Appreciation Right means an employee, director, independent contractor or consultant of the Company
or any Subsidiary of the Company who has been selected as an eligible participant by the
Administrator.

     (s) “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended from
time to time.

     (t) “Exercise Price” means, with respect to any Award under which the holder may
purchase Shares, the per share price at which a holder of such Award granted hereunder may purchase
Shares issuable upon exercise of such Award.

     (u) “Fair Market Value” as of a particular date shall mean the fair market value of a
share of Common Stock as determined by the Administrator in its sole discretion; provided,
however, that (i) if the Common Stock is admitted to trading on a national securities
exchange, the fair market value of a share of Common Stock on any date shall be the closing sale
price reported for such share on such exchange on such date or, if no sale was reported on such
date, on the last day preceding such date on which a sale was reported, (ii) if the Common Stock is
admitted to quotation on the National Association of Securities Dealers Automated Quotation
(“NASDAQ”) system or other comparable quotation system and has been designated as a
National Market System (“NMS”) security, the fair market value of a share of Common Stock
on any date shall be the closing sale price reported for such share on such system on such date or,
if no sale was reported on such date, on the last date preceding such date on which a sale was
reported, or (iii) if the Common Stock is admitted to quotation on NASDAQ but has not been
designated as an NMS security, the fair market value of a share of Common Stock on any date shall
be the average of the highest bid and lowest asked prices of such share on such system on such date
or, if both bid and ask prices were not reported on such date, on the last date preceding such date
on which both bid and ask prices were reported.

     (v) “Option” means an option to purchase shares of Common Stock granted pursuant to
Section 7 hereof.

     (w) “Other Share-Based Award” means a right or other interest granted to a Participant
under the Plan that may be denominated or payable in, valued in whole or in part by reference to,
or otherwise based on or related to, Common Stock, including, but not limited to, unrestricted
Shares, restricted stock units, dividend equivalents or performance units, each of which may be
subject to the attainment of Performance Goals or a period of continued employment or other terms
or conditions as permitted under the Plan.

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     (x) “Participant” means any Eligible Recipient selected by the Administrator, pursuant
to the Administrator’s authority provided for in Section 3 below, to receive grants of Options,
Share Appreciation Rights, Restricted Shares, Deferred Shares, Performance Shares, Other
Share-Based Awards or any combination of the foregoing, and, upon his or her death, his or her
successors, heirs, executors and administrators, as the case may be.

     (y) “Performance Goals” means performance goals based on one or more of the following
criteria: (i) earnings, including one or more of operating income, earnings before or after taxes,
earnings before or after interest, depreciation, amortization, adjusted EBITDA, economic earnings,
or extraordinary or special items or book value per share (which may exclude nonrecurring items);
(ii) pre-tax income or after-tax income; (iii) earnings per Share (basic or diluted); (iv)
operating profit; (v) revenue, revenue growth or rate of revenue growth; (vi) return on assets
(gross or net), return on investment, return on capital, or return on equity; (vii) returns on
sales or revenues; (viii) operating expenses; (ix) stock price appreciation; (x) cash flow, free
cash flow, cash flow return on investment (discounted or otherwise), net cash provided by
operations, or cash flow in excess of cost of capital; (xi) implementation or completion of
critical projects or processes; (xii) cumulative earnings per share growth; (xiii) operating margin
or profit margin; (xiv) cost targets, reductions and savings, productivity and efficiencies; (xv)
strategic business criteria, consisting of one or more objectives based on meeting specified market
penetration, geographic business expansion, customer satisfaction, employee satisfaction, human
resources management, supervision of litigation, information technology, and goals relating to
acquisitions, divestitures, joint ventures and similar transactions, and budget comparisons; (xvi)
personal professional objectives, including any of the foregoing performance goals, the
implementation of policies and plans, the negotiation of transactions, the development of long term
business goals, formation of joint ventures, research or development collaborations, and the
completion of other corporate transactions; and (xvii) any combination of, or a specified increase
in, any of the foregoing. Where applicable, the Performance Goals may be expressed in terms of
attaining a specified level of the particular criteria or the attainment of a percentage increase
or decrease in the particular criteria, and may be applied to one or more of the Company or
Affiliate thereof, or a division or strategic business unit of the Company, or may be applied to
the performance of the Company relative to a market index, a group of other companies or a
combination thereof, all as determined by the Committee. The Performance Goals may include a
threshold level of performance below which no payment shall be made (or no vesting shall occur),
levels of performance at which specified payments shall be made (or specified vesting shall occur),
and a maximum level of performance above which no additional payment shall be made (or at which
full vesting shall occur). Each of the foregoing Performance Goals shall be determined in
accordance with generally accepted accounting principles and shall be subject to certification by
the Committee; provided, that the Committee shall have the authority to make equitable
adjustments to the Performance Goals in recognition of unusual or non-recurring events affecting
the Company or any Affiliate thereof or the financial statements of the Company or any Affiliate
thereof, in response to changes in applicable laws or regulations, or to account for items of gain,
loss or expense determined

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to be extraordinary or unusual in nature or infrequent in occurrence or related to the
disposal of a segment of a business or related to a change in accounting principles.

     (z) “Performance Shares” means Shares that are subject to restrictions that lapse upon
the attainment of specified performance objectives and that are granted pursuant to Section 9
below.

     (aa) “Permitted Transferee” means, (i) any Affiliate (a “FIG Affiliate”) of
Fortress Investment Group LLC, a Delaware limited liability company (“FIG”), (ii) any
managing director, general partner, director, limited partner, officer or employee of any FIG
Affiliate, (iii) any investment fund or other entity managed directly or indirectly by FIG or any
Affiliate thereof (each, a “FIG Fund”), or (iv) any general partner, limited partner,
managing member or person occupying a similar role of or with respect to any FIG Fund.

     (bb) “Person” shall have the meaning given in Section 3(a)(9) of the Exchange Act, as
modified and used in Sections 13(d) and 14(d) thereof, except that such term shall not include (i)
the Company or any Subsidiary thereof, (ii) a trustee or other fiduciary holding securities under
an employee benefit plan of the Company or any Subsidiary thereof, (iii) an underwriter temporarily
holding securities pursuant to an offering of such securities, or (iv) a corporation owned,
directly or indirectly, by the shareholders of the Company in substantially the same proportions as
their ownership of stock of the Company.

     (cc) “Restricted Shares” means Shares granted pursuant to Section 9 below subject to
certain restrictions that lapse at the end of a specified period or periods.

     (dd) “Retirement” means a termination of a Participant’s employment, other than for
Cause, on or after the attainment of age 65.

     (ee) “Shares” means shares of Common Stock reserved for issuance under the Plan, as
adjusted pursuant to the Plan, and any successor (pursuant to a merger, consolidation or other
reorganization) security.

     (ff) “Share Appreciation Right” means the right pursuant to an Award granted under
Section 8 below to receive an amount equal to the excess, if any, of (i) the aggregate Fair Market
Value, as of the date such Award or portion thereof is surrendered, of the Shares covered by such
Award or such portion thereof, over (ii) the aggregate Exercise Price of such Award or such portion
thereof.

     (gg) “Subsidiary” means, with respect to any Person, as of any date of determination,
any other Person as to which such first Person owns or otherwise controls, directly or indirectly,
more than 50% of the voting shares or other similar interests or a sole general partner interest or
managing member or similar interest of such other Person. An entity shall be deemed a Subsidiary
of the Company for purposes of this definition only for such periods as the requisite ownership or
control relationship is maintained.

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Section 3. Administration.

     (a) The Plan shall be administered by the Administrator and shall be administered in
accordance with the requirements of Section 162(m) of the Code (but only to the extent necessary
and desirable to maintain qualification of awards under the Plan under Section 162(m) of the Code)
and, to the extent applicable, Rule 16b-3 under the Exchange Act (“Rule 16b-3”). The Plan
is intended to comply, and shall be administered in a manner that is intended to comply, with
Section 409A of the Code and shall be construed and interpreted in accordance with such intent. To
the extent that an Award, issuance and/or payment is subject to Section 409A of the Code, it shall
be awarded and/or issued or paid in a manner that will comply with Section 409A of the Code,
including any applicable regulations or guidance issued by the Secretary of the Treasury and the
Internal Revenue Service with respect thereto.

     (b) Pursuant to the terms of the Plan, the Administrator, subject, in the case of any
Committee, to any restrictions on the authority delegated to it by the Board, shall have the power
and authority, without limitation:

          (1) to select those Eligible Recipients who shall be Participants;

          (2) to determine whether and to what extent Options, Share Appreciation Rights, Restricted
Shares, Deferred Shares, Performance Shares, Other Share-Based Awards or a combination of any of
the foregoing, are to be granted hereunder to Participants;

          (3) to determine the number of Shares to be covered by each Award granted hereunder;

          (4) to determine the terms and conditions, not inconsistent with the terms of the Plan, of
each Award granted hereunder (including, but not limited to, (i) the restrictions applicable to
Restricted Shares or Deferred Shares and the conditions under which restrictions applicable to such
Restricted Shares or Deferred Shares shall lapse, (ii) the performance goals and periods applicable
to Performance Shares, (iii) the Exercise Price of each Award, (iv) the vesting schedule applicable
to each Award, (v) the number of Shares subject to each Award and (vi) subject to the requirements
of Section 409A of the Code (to the extent applicable), any amendments to the terms and conditions
of outstanding Awards, including, but not limited to, extending the exercise period of such Awards
and accelerating the vesting schedule of such Awards); and, if the Administrator in its discretion
determines to accelerate the vesting of Options and/or Share Appreciation Rights in connection with
a Change in Control, the Administrator shall also have discretion in connection with such action to
provide that all Options and/or Share Appreciation Rights outstanding immediately prior to such
Change in Control shall expire on the effective date of such Change in Control;

          (5) to determine the terms and conditions, not inconsistent with the terms of the Plan, which
shall govern all written instruments evidencing Options,

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Share Appreciation Rights, Restricted Shares, Deferred Shares, Performance Shares or Other
Share-Based Awards or any combination of the foregoing granted hereunder;

          (6) to determine the Fair Market Value;

          (7) to determine the duration and purpose of leaves of absence which may be granted to a
Participant without constituting termination of the Participant’s employment for purposes of Awards
granted under the Plan;

          (8) to adopt, alter and repeal such administrative rules, guidelines and practices governing
the Plan as it shall from time to time deem advisable; and

          (9) to construe and interpret the terms and provisions of the Plan and any award issued under
the Plan (and any Award Agreement relating thereto), and to otherwise supervise the administration
of the Plan and to exercise all powers and authorities either specifically granted under the Plan
or necessary and advisable in the administration of the Plan.

     (c) All decisions made by the Administrator pursuant to the provisions of the Plan shall be
final, conclusive and binding on all persons, including the Company and the Participants. No
member of the Board or the Committee, nor any officer or employee of the Company or any Subsidiary
thereof acting on behalf of the Board or the Committee, shall be personally liable for any action,
omission, determination, or interpretation taken or made in good faith with respect to the Plan,
and all members of the Board or the Committee and each and any officer or employee of the Company
and of any Subsidiary thereof acting on their behalf shall, to the maximum extent permitted by law,
be fully indemnified and protected by the Company in respect of any such action, omission,
determination or interpretation.

Section 4. Shares Reserved for Issuance Under the Plan.

     (a) Subject to Section 5 hereof, the number of shares of Common Stock that are reserved and
available for issuance pursuant to Awards granted under the Plan is
4,500,000 shares, subject,
during the term of the Plan, to annual increases of 125,000 shares of Common Stock on each
anniversary of the Effective Date.

     (b) Shares issued under the Plan may, in whole or in part, be authorized but unissued Shares
or Shares that shall have been or may be reacquired by the Company in the open market, in private
transactions or otherwise. If any Shares subject to an Award are forfeited, cancelled, exchanged
or surrendered or if an Award otherwise terminates or expires without a distribution of shares to
the Participant, the Shares with respect to such Award shall, to the extent of any such forfeiture,
cancellation, exchange, surrender, termination or expiration, again be available for Awards under
the Plan. Notwithstanding the foregoing, Shares surrendered or withheld as payment of either the
exercise price of an Award (including Shares otherwise underlying an Award of a Share Appreciation
Right that are retained by the Company to account for the grant

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price of such Share Appreciation Right) and/or withholding taxes in respect of an Award shall
no longer be available for grant under the Plan.

Section 5. Equitable Adjustments.

     In the event of any Change in Capitalization, an equitable substitution or proportionate
adjustment shall be made, in each case, as may be determined by the Administrator, in its sole
discretion, in (i) the aggregate number of shares of Common Stock reserved for issuance under the
Plan and the maximum number of Shares that may be subject to Awards granted to any Participant in
any calendar or fiscal year, (ii) the kind, number and Exercise Price subject to outstanding
Options and Share Appreciation Rights granted under the Plan, and (iii) the kind, number and
purchase price of Shares subject to outstanding Restricted Shares, Deferred Shares, Performance
Shares or Other Share-Based Awards granted under the Plan, in each case as may be determined by the
Administrator, in its sole discretion, provided, however, that any fractional
shares resulting from the adjustment shall be eliminated. Such other equitable substitutions or
adjustments shall be made as may be determined by the Administrator, in its sole discretion.
Without limiting the generality of the foregoing, in connection with a Change in Capitalization,
the Administrator may provide, in its sole discretion, for the cancellation of any outstanding
Award granted hereunder in exchange for payment in cash or other property having an aggregate Fair
Market Value of the Shares covered by such award, reduced by the aggregate Exercise Price or
purchase price thereof, if any. The Administrator’s determinations pursuant to this Section 5
shall be final, binding and conclusive.

Section 6. Eligibility.

     The Participants under the Plan shall be selected from time to time by the Administrator, in
its sole discretion, from among Eligible Recipients.

Section 7. Options.

     (a) General. Each Participant who is granted an Option shall enter into an Award
Agreement with the Company, containing such terms and conditions as the Administrator shall
determine, in its sole discretion, which Award Agreement shall set forth, among other things, the
Exercise Price of the Option, the term of the Option and provisions regarding exercisability of the
Option granted thereunder. Notwithstanding the foregoing, the prospective recipient of an Option
shall not have any rights with respect to such Award, unless and until such recipient has executed
an Award Agreement and delivered a fully executed copy thereof to the Company, within a period of
sixty (60) days (or such other period as the Administrator may specify) after the award date. The
provisions of each Option need not be the same with respect to each Participant. More than one
Option may be granted to the same Participant and be outstanding concurrently hereunder. Options
granted under the Plan shall be subject to the terms and conditions set forth in this Section 7 and
shall contain such additional terms and conditions, not inconsistent with the terms of the Plan, as
the Administrator shall deem desirable and set forth in the applicable Award Agreement. Each
Option granted hereunder is intended to

10

 

be a non-qualified Option and is not intended to qualify as an “incentive stock option” within
the meaning of Section 422 of the Code.

     (b) Exercise Price. The Exercise Price of Shares purchasable under an Option shall be
determined by the Administrator in its sole discretion at the time of grant, but in no event shall
the exercise price of an Option be less than one hundred percent (100%) of the Fair Market Value of
the Common Stock on the date of grant.

     (c) Option Term. The maximum term of each Option shall be fixed by the Administrator,
but no Option shall be exercisable more than ten (10) years after the date such Option is granted.
Each Option’s term is subject to earlier expiration pursuant to the applicable provisions in the
Plan and the Award Agreement. Notwithstanding the foregoing, the Administrator shall have the
authority to accelerate the exercisability of any outstanding Option at such time and under such
circumstances as the Administrator, in its sole discretion, deems appropriate.

     (d) Exercisability. Each Option shall be exercisable at such time or times and
subject to such terms and conditions, including the attainment of preestablished corporate
performance goals, as shall be determined by the Administrator in the applicable Award Agreement.
The Administrator may also provide that any Option shall be exercisable only in installments, and
the Administrator may waive such installment exercise provisions at any time, in whole or in part,
based on such factors as the Administrator may determine in its sole discretion. Notwithstanding
anything to the contrary contained herein, an Option may not be exercised for a fraction of a
share.

     (e) Method of Exercise. Options may be exercised in whole or in part by giving
written notice of exercise to the Company specifying the number of Shares to be purchased,
accompanied by payment in full of the aggregate Exercise Price of the Shares so purchased in cash
or its equivalent, as determined by the Administrator. As determined by the Administrator, in its
sole discretion, with respect to any Option or category of Options, payment in whole or in part may
also be made (i) by means of consideration received under any cashless exercise procedure approved
by the Administrator (including the withholding of Shares otherwise issuable upon exercise), (ii)
in the form of unrestricted Shares already owned by the Participant which, (x) in the case of
unrestricted Shares acquired upon exercise of an Option, have been owned by the Participant for
more than six (6) months on the date of surrender, and (y) have a Fair Market Value on the date of
surrender equal to the aggregate exercise price of the Shares as to which such Option shall be
exercised, (iii) any other form of consideration approved by the Administrator and permitted by
applicable law or (iv) any combination of the foregoing.

     (f) Rights as Shareholder. A Participant shall have no rights to dividends or any
other rights of a shareholder with respect to the Shares subject to an Option until the Participant
has given written notice of the exercise thereof, has paid in full for such Shares and has
satisfied the requirements of Section 14 hereof.

     (g) Termination of Employment or Service.

11

 

          (1) Unless the applicable Award Agreement provides otherwise, in the event that the employment
or service of a Participant with the Company and all Affiliates thereof shall terminate for any
reason other than Cause, Retirement, Disability, or death, (A) Options granted to such Participant,
to the extent that they are exercisable at the time of such termination, shall remain exercisable
until the date that is ninety (90) days after such termination, on which date they shall expire,
and (B) Options granted to such Participant, to the extent that they were not exercisable at the
time of such termination, shall expire at the close of business on the date of such termination.
The ninety (90) day period described in this Section 7(g)(1) shall be extended to one (1) year
after the date of such termination in the event of the Participant’s death during such ninety (90)
day period. Notwithstanding the foregoing, no Option shall be exercisable after the expiration of
its term.

          (2) Unless the applicable Award Agreement provides otherwise, in the event that the employment
or service of a Participant with the Company and all Affiliates thereof shall terminate on account
of the Retirement, Disability, or death of the Participant, (A) Options granted to such
Participant, to the extent that they were exercisable at the time of such termination, shall remain
exercisable until the date that is one (1) year after such termination, on which date they shall
expire and (B) Options granted to such Participant, to the extent that they were not exercisable at
the time of such termination, shall expire at the close of business on the date of such
termination. Notwithstanding the foregoing, no Option shall be exercisable after the expiration of
its term.

          (3) In the event of the termination of a Participant’s employment or service for Cause, all
outstanding Options granted to such Participant shall expire at the commencement of business on the
date of such termination.

     (h) Other Change in Employment Status. An Option shall be affected, both with regard
to vesting schedule and termination, by leaves of absence, changes from full-time to part-time
employment, partial disability or other changes in the employment status of an Participant, in the
discretion of the Administrator.

Section 8. Share Appreciation Rights.

     (a) General. Share Appreciation Rights may be granted either alone (“Free
Standing Rights”) or in conjunction with all or part of any Option granted under the Plan
(“Related Rights”). Related Rights may be granted either at or after the time of the grant
of such Option. The Administrator shall determine the Eligible Recipients to whom, and the time or
times at which, grants of Share Appreciation Rights shall be made, the number of Shares to be
awarded, the price per Share, and all other conditions of Share Appreciation Rights.
Notwithstanding the foregoing, no Related Right may be granted for more Shares than are subject to
the Option to which it relates and any Share Appreciation Right must be granted with an Exercise
Price not less than the Fair Market Value of Common Stock on the date of grant. The provisions of
Share Appreciation Rights need not be the same with respect to each Participant. Share
Appreciation Rights granted under the Plan shall be subject to the following terms and conditions
set forth in

12

 

this Section 8 and shall contain such additional terms and conditions, not inconsistent with
the terms of the Plan, as the Administrator shall deem desirable, as set forth in the applicable
Award Agreement.

     (b) Awards; Rights as Shareholder. The prospective recipient of a Share Appreciation
Right shall not have any rights with respect to such Award, unless and until such recipient has
executed an Award Agreement and delivered a fully executed copy thereof to the Company, within a
period of sixty (60) days (or such other period as the Administrator may specify) after the award
date. Participants who are granted Share Appreciation Rights shall have no rights as shareholders
of the Company with respect to the grant or exercise of such rights.

     (c) Exercisability.

          (1) Share Appreciation Rights that are Free Standing Rights shall be exercisable at such time
or times and subject to such terms and conditions as shall be determined by the Administrator in
the applicable Award Agreement.

          (2) Share Appreciation Rights that are Related Rights shall be exercisable only at such time
or times and to the extent that the Options to which they relate shall be exercisable in accordance
with the provisions of Section 7 above and this Section 8 of the Plan.

     (d) Payment Upon Exercise.

          (1) Upon the exercise of a Free Standing Right, the Participant shall be entitled to receive
up to, but not more than, that number of Shares equal in value to the excess of the Fair Market
Value as of the date of exercise over the price per share specified in the Free Standing Right
multiplied by the number of Shares in respect of which the Free Standing Right is being exercised,
with the Administrator having the right to determine the form of payment.

          (2) A Related Right may be exercised by a Participant by surrendering the applicable portion
of the related Option. Upon such exercise and surrender, the Participant shall be entitled to
receive up to, but not more than, that number of Shares equal in value to the excess of the Fair
Market Value as of the date of exercise over the Exercise Price specified in the related Option
multiplied by the number of Shares in respect of which the Related Right is being exercised, with
the Administrator having the right to determine the form of payment. Options which have been so
surrendered, in whole or in part, shall no longer be exercisable to the extent the Related Rights
have been so exercised.

          (3) Notwithstanding the foregoing, the Administrator may determine to settle the exercise of a
Share Appreciation Right in cash (or in any combination of Shares and cash).

     (e) Termination of Employment or Service.

13

 

          (1) In the event of the termination of employment or service with the Company and all
Affiliates thereof of a Participant who has been granted one or more Free Standing Rights, such
rights shall be exercisable at such time or times and subject to such terms and conditions as shall
be determined by the Administrator in the applicable Award Agreement.

          (2) In the event of the termination of employment or service with the Company and all
Affiliates thereof of a Participant who has been granted one or more Related Rights, such rights
shall be exercisable at such time or times and subject to such terms and conditions as set forth in
the related Options.

     (f) Term.

          (1) The term of each Free Standing Right shall be fixed by the Administrator, but no Free
Standing Right shall be exercisable more than ten (10) years after the date such right is granted.

          (2) The term of each Related Right shall be the term of the Option to which it relates, but no
Related Right shall be exercisable more than ten (10) years after the date such right is granted.

Section 9. Restricted Shares, Deferred Shares and Performance Shares.

     (a) General. Restricted Shares, Deferred Shares or Performance Shares may be issued
either alone or in addition to other awards granted under the Plan. The Administrator shall
determine the Eligible Recipients to whom, and the time or times at which, Restricted Shares,
Deferred Shares or Performance Shares shall be made; the number of Shares to be awarded; the price,
if any, to be paid by the Participant for the acquisition of Restricted Shares, Deferred Shares or
Performance Shares; the Restricted Period (as defined in paragraph (c) of this Section 9), if any,
applicable to Restricted Shares, Deferred Shares or Performance Shares; the performance objectives
(if any) applicable to Deferred Shares or Performance Shares; and all other conditions of the
Restricted Shares, Deferred Shares and Performance Shares. If the restrictions, performance
objectives and/or conditions established by the Administrator are not attained, a Participant shall
forfeit his or her Restricted Shares, Deferred Shares or Performance Shares, in accordance with the
terms of the grant. The provisions of the Restricted Shares, Deferred Shares or Performance Shares
need not be the same with respect to each Participant.

     (b) Awards and Certificates. The prospective recipient of Restricted Shares, Deferred
Shares or Performance Shares shall not have any rights with respect to any such award, unless and
until such recipient has executed an Award Agreement and delivered a fully executed copy thereof to
the Company, within a period of sixty (60) days (or such other period as the Administrator may
specify) after the award date. Except as otherwise provided below in Section 9(c), (i) each
Participant who is granted an award of Restricted Shares or Performance Shares may, in the
Company’s sole discretion, be issued a stock certificate in respect of such Restricted Shares or
Performance Shares; and

14

 

(ii) any such certificate so issued shall be registered in the name of the Participant, and
shall bear an appropriate legend referring to the terms, conditions, and restrictions applicable to
any such Award.

     The Company may require that the stock certificates, if any, evidencing Restricted Shares or
Performance Shares granted hereunder be held in the custody of the Company until the restrictions
thereon shall have lapsed, and that, as a condition of any award of Restricted Shares or
Performance Shares, the Participant shall have delivered a stock power, endorsed in blank, relating
to the Shares covered by such award.

     With respect to Deferred Shares, at the expiration of the Restricted Period, stock
certificates in respect of such shares of Deferred Shares may, in the Company’s sole discretion, be
delivered to the Participant, or his legal representative, in a number equal to the number of
Shares covered by the Deferred Shares award.

     Notwithstanding anything in the Plan to the contrary, any Restricted Shares, Deferred Shares
(at the expiration of the Restricted Period) or Performance Shares (whether before or after any
vesting conditions have been satisfied) may, in the Company’s sole discretion, be issued in
uncertificated form pursuant to the customary arrangements for issuing shares in such form.

     Further, notwithstanding anything in the Plan to the contrary, with respect to Deferred
Shares, at the expiration of the Restricted Period, Shares shall promptly be issued (either in
certificated or uncertificated form) to the Participant, unless otherwise deferred in accordance
with procedures established by the Company in accordance with Section 409A of the Code, and such
issuance shall in any event be made within such period as is required to avoid the imposition of a
tax under Section 409A of the Code.

     (c) Restrictions and Conditions. The Restricted Shares, Deferred Shares and
Performance Shares granted pursuant to this Section 9 shall be subject to the following
restrictions and conditions and any additional restrictions or conditions as determined by the
Administrator at the time of grant or, subject to Section 409A of the Code, thereafter:

          (1) The Administrator may, in its sole discretion, provide for the lapse of restrictions in
installments and may accelerate or waive such restrictions in whole or in part based on such
factors and such circumstances as the Administrator may determine, in its sole discretion,
including, but not limited to, the attainment of certain performance related goals, the
Participant’s termination of employment or service as a director, independent contractor or
consultant to the Company or any Affiliate thereof, or the Participant’s death or Disability;
provided, however, that this sentence shall not apply to any Award which is
intended to qualify as “performance-based compensation” under Section 162(m) of the Code.
Notwithstanding the foregoing, upon a Change in Control, the outstanding Awards shall be subject to
Section 11 hereof.

          (2) Except as provided in Section 16 or in the Award Agreement, the Participant shall
generally have the rights of a shareholder of the

15

 

Company with respect to Restricted Shares or Performance Shares during the Restricted Period.
The Participant shall generally not have the rights of a shareholder with respect to Shares subject
to Deferred Shares during the Restricted Period; provided, however, that, subject
to Section 409A of the Code, an amount equal to dividends declared during the Restricted Period
with respect to the number of Shares covered by Deferred Shares shall, unless otherwise set forth
in an Award Agreement, be paid to the Participant at the same time as dividends are paid to the
Company’s shareholders generally, provided that the Participant is then providing services to the
Company. Certificates for Shares of unrestricted Common Stock may, in the Company’s sole
discretion, be delivered to the Participant only after the Restricted Period has expired without
forfeiture in respect of such Restricted Shares, Deferred Shares or Performance Shares, except as
the Administrator, in its sole discretion, shall otherwise determine.

          (3) The rights of Participants granted Restricted Shares, Deferred Shares or Performance
Shares upon termination of employment or service as a director, independent contractor, or
consultant to the Company or to any Affiliate thereof terminates for any reason during the
Restricted Period shall be set forth in the Award Agreement.

Section 10. Other Share-Based Awards.

     (a) The Administrator is authorized to grant Awards to Participants in the form of Other
Share-Based Awards, as deemed by the Administrator to be consistent with the purposes of the Plan
and as evidenced by an Award Agreement. The Administrator shall determine the terms and conditions
of such Awards, consistent with the terms of the Plan, at the date of grant or thereafter,
including any Performance Goals and performance periods. Common Stock or other securities or
property delivered pursuant to an Award in the nature of a purchase right granted under this
Section 10 shall be purchased for such consideration, paid for at such times, by such methods, and
in such forms, including, without limitation, Shares, other Awards, notes or other property, as the
Administrator shall determine, subject to any required corporate action.

     (b) To the extent that the Plan is subject to Section 162(m) of the Code, no payment shall be
made to a Participant that is likely to be a “covered employee” (within the meaning of Section
162(m) of the Code) prior to the certification by the Committee that the Performance Goals have
been attained. The Committee may establish other rules applicable to the Other Share-Based Awards,
provided, however, that in the event that the Plan is subject to Section 162(m) of
the Code, such rules shall be in compliance with Section 162(m) of the Code.

Section 11. Accelerated Vesting In Connection With a Change in Control.

     Unless otherwise determined by the Administrator and evidenced in an Award Agreement, in the
event that (a) a Change in Control occurs, and (b) the Participant’s employment is terminated by
the Company, its successor or affiliate thereof without Cause on or after the effective date of the
Change in Control but prior to twelve (12) months following the Change in Control, then:

16

 

          (1) any unvested or unexercisable portion of any Award carrying a right to exercise shall
become fully vested and exercisable; and

          (2) the restrictions, deferral limitations, payment conditions and forfeiture conditions
applicable to an Award granted under the Plan shall lapse and such Awards shall be deemed fully
vested and any performance conditions imposed with respect to such Awards shall be deemed to be
fully achieved.

Section 12. Amendment and Termination.

     The Board may amend, alter or terminate the Plan, but no amendment, alteration, or termination
shall be made that would impair the rights of a Participant under any award theretofore granted
without such Participant’s consent. Unless the Board determines otherwise, the Board shall obtain
approval of the Company’s shareholders for any amendment that would require such approval in order
to satisfy the requirements of Section 162(m) of the Code, any rules of the stock exchange on which
the Common Stock is traded or other applicable law. The Administrator may amend the terms of any
Award theretofore granted, prospectively or retroactively, but, subject to Section 5 of the Plan
and the immediately preceding sentence, no such amendment shall impair the rights of any
Participant without his or her consent.

Section 13. Unfunded Status of Plan.

     The Plan is intended to constitute an “unfunded” plan for incentive compensation. With
respect to any payments not yet made to a Participant by the Company, nothing contained herein
shall give any such Participant any rights that are greater than those of a general creditor of the
Company.

Section 14. Withholding Taxes.

     Each Participant shall, no later than the date as of which the value of an Award first becomes
includible in the gross income of such Participant for federal and/or state income tax purposes,
pay to the Company, or make arrangements satisfactory to the Administrator regarding payment of,
any federal, state, or local taxes of any kind required by law to be withheld with respect to the
Award. The obligations of the Company under the Plan shall be conditional on the making of such
payments or arrangements, and the Company shall, to the extent permitted by law, have the right to
deduct any such taxes from any payment of any kind otherwise due to such Participant. Whenever
cash is to be paid pursuant to an award granted hereunder, the Company shall have the right to
deduct therefrom an amount sufficient to satisfy any federal, state and local withholding tax
requirements related thereto. Whenever Shares are to be delivered pursuant to an Award, the
Company shall have the right to require the Participant to remit to the Company in cash an amount
sufficient to satisfy any related federal, state and local taxes to be withheld and applied to the
tax obligations. With the approval of the Administrator, a Participant may satisfy the foregoing
requirement by electing to have the Company withhold from delivery of Shares or by delivering
already owned unrestricted shares of Common Stock, in each case, having a value not exceeding the
federal, state and local

17

 

taxes to be withheld and applied to the tax obligations. Such Shares shall be valued at their
Fair Market Value on the date of which the amount of tax to be withheld is determined. Fractional
share amounts shall be settled in cash. Such an election may be made with respect to all or any
portion of the Shares to be delivered pursuant to an award. The Company may also use any other
method of obtaining the necessary payment or proceeds, as permitted by law, to satisfy its
withholding obligation with respect to any Option or other Award.

Section 15. Voting Proxy.

     The Company reserves the right to require the Participant, to the fullest extent permitted by
applicable law, to appoint the Fortress Fund IV GP L.P. (or another person at the request of the
Fortress Fund IV GP L.P.) as the Participant’s proxy with respect to all applicable unvested Awards
of which the Participant may be the record holder of from time to time to (A) attend all meetings
of the holders of the Shares, with full power to vote and act for the Participant with respect to
such Awards in the same manner and extent that the Participant might were the Participant
personally present at such meetings, and (B) execute and deliver, on behalf of the Participant, any
written consent in lieu of a meeting of the holders of the Shares in the same manner and extent
that the Participant might but for the proxy granted pursuant to this sentence.

Section 16. Transfer of Awards.

     Until such time as the Awards are fully vested and/or exercisable in accordance with the Plan
or an Award Agreement, no purported sale, assignment, mortgage, hypothecation, transfer, charge,
pledge, encumbrance, gift, transfer in trust (voting or other) or other disposition of, or creation
of a security interest in or lien on, any Award or any agreement or commitment to do any of the
foregoing (each, a “Transfer”) by any holder thereof in violation of the provisions of the
Plan or an Award Agreement will be valid, except with the prior written consent of the
Administrator, which consent may be granted or withheld in the sole discretion of the
Administrator. Any purported Transfer of an Award or any economic benefit or interest therein in
violation of the Plan or an Award Agreement shall be null and void ab initio, and shall not create
any obligation or liability of the Company, and any person purportedly acquiring any Award or any
economic benefit or interest therein transferred in violation of the Plan or an Award Agreement
shall not be entitled to be recognized as a holder of such Shares. Unless otherwise determined by
the Administrator in accordance with the provisions of the immediately preceding sentence, an
Option may be exercised, during the lifetime of the Participant, only by the Participant or, during
any period during which the Participant is under a legal disability, by the Participant’s guardian
or legal representative.

Section 17. Continued Employment.

     The adoption of the Plan shall not confer upon any Eligible Recipient any right to continued
employment or service with the Company or any Affiliate thereof, as the case may be, nor shall it
interfere in any way with the right of the Company or any

18

 

Affiliate thereof to terminate the employment or service of any of its Eligible Recipients at
any time.

Section 18. Effective Date.

     The Plan was adopted by the Board on [___], 2009, and shall become effective without
further action as of the later of (a) the effectiveness of the Company’s registration statement on
Form S-1 filed with the U.S. Securities and Exchange Commission on [___], as amended, and (b)
the Common Stock being listed or approved for listing upon notice of issuance on the New York Stock
Exchange (the date of such effectiveness, the “Effective Date”).

Section 19. Term of Plan.

     No award shall be granted pursuant to the Plan on or after the tenth anniversary of the
Effective Date, but awards theretofore granted may extend beyond that date.

Section 20. Section 409A of the Code.

     The intent of the parties is that payments and benefits under the Plan comply with Section
409A of the Code to the extent subject thereto, and, accordingly, to the maximum extent permitted,
the Plan shall be interpreted and be administered to be in compliance therewith. Any payments
described in the Plan that are due within the “short-term deferral period” as defined in Section
409A of the Code shall not be treated as deferred compensation unless applicable law requires
otherwise. Notwithstanding anything to the contrary in the Plan, to the extent required in order
to avoid accelerated taxation and/or tax penalties under Section 409A of the Code, amounts that
would otherwise be payable and benefits that would otherwise be provided pursuant to the Plan
during the six (6) month period immediately following the Participant’s termination of employment
shall instead be paid on the first business day after the date that is six (6) months following the
Participant’s separation from service (or upon the Participant’s death, if earlier). In addition,
for purposes of the Plan, each amount to be paid or benefit to be provided to the Participant
pursuant to the Plan, which constitute deferred compensation subject to Section 409A of the Code,
shall be construed as a separate identified payment for purposes of Section 409A of the Code.

Section 21. Governing Law.

     The Plan shall be governed by and construed in accordance with the laws of the State of
Delaware, without giving effect to principles of conflicts of law of such state.

19

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