Document:

Exhibit 10.1

 

AMENDMENT TO THE

CHECKPOINT THERAPEUTICS, INC.

AMENDED AND RESTATED 2015 INCENTIVE PLAN

 

This Amendment to the Checkpoint Therapeutics,
Inc. Amended and Restated 2015 Incentive Plan (the “Plan”), is hereby adopted, effective as of the date indicated below.

 

WITNESETH:

 

WHEREAS, Checkpoint Therapeutics, Inc.
(the “Corporation”) maintains the Plan, and the Plan is currently in effect; and

 

WHEREAS, Section 16.1 of the Plan authorizes
the Board or the Committee (as defined in the Plan) to amend the Plan, subject to certain limitations, including stockholder approval
for certain amendments; and

 

WHEREAS, the Board has approved and authorized
this Amendment to the Plan and has recommended that the stockholders of the Corporation approve this Amendment;

 

NOW, THEREFORE, BE IT RESOLVED, that the
Plan is hereby amended as follows, effective as of December 6, 2022:

 

1. Section 5.1. of the Plan
is hereby amended by increasing the share references in such section from 900,000 to 3,000,000, so that such section reads in its entirety
as follows:

 

“5.1. NUMBER OF SHARES. Subject
to adjustment as provided in Sections 5.2 and Section 15.1, the aggregate number of Shares reserved and available for issuance pursuant
to Awards granted under the Plan shall be 3,000,000. The maximum number of Shares that may be issued upon exercise of Incentive Stock
Options granted under the Plan shall be 3,000,000.”

 

2. Except as specifically
set forth herein, the terms of the Plan shall be and remain unchanged, and the Plan as amended shall remain in full force and effect.

 

The foregoing is hereby acknowledged as being
the Amendment to the Checkpoint Therapeutics, Inc. Amended and Restated 2015 Incentive Plan, as adopted by the Board on November 3, 2022,
and approved by the Corporation’s stockholders on November 3, 2022.

 

	CHECKPOINT THERAPEUTICS, INC.	 
	 	 
	By:	/s/ James F. Oliviero	 
	 	James F. Oliviero, President and CEOExhibit 10.1

 

TERMINATION AGREEMENT

 

This TERMINATION AGREEMENT
(this “Termination Agreement”) is entered into as of December 5, 2022 (the “Effective Date”),
by and among Concord Acquisition Corp, a Delaware corporation (“Concord”), Circle Internet Finance Public Limited
Company (formerly known as Circle Acquisition Public Limited Company), a public company limited by shares incorporated in Ireland ( “Topco”),
Topco (Ireland) Merger Sub Inc., a Delaware corporation (“Merger Sub”), Circle Internet Financial Limited, a
company limited by shares incorporated in Ireland (the “Company”), and, solely for purposes of Sections 4 and
5 hereof, Concord Sponsor Group LLC, a Delaware limited liability company (“Concord Sponsor”), and CA Co-Investment
LLC, a Delaware limited liability company (“Cowen Investments” and collectively with Concord Sponsor, “Sponsor”).
Concord, Topco, Merger Sub and the Company are collectively referred to herein as the “Parties” and individually
as a “Party”. Capitalized terms used but not defined in this Termination Agreement shall have the meanings ascribed
to them in the Transaction Agreement (as defined below).

 

RECITALS

 

WHEREAS, the Parties
are party to that certain Transaction Agreement, dated as of February 16, 2022 (the “Transaction Agreement”);

 

WHEREAS, despite the
Parties’ efforts, as of the date hereof the Parties have been unable to cause the SEC to declare the Registration Statement / Proxy
Statement effective;

 

WHEREAS, as a result,
the Transactions are not capable of being consummated by the 24-month anniversary of Concord’s initial public offering and Concord
will be required, pursuant to the terms of the Concord Organizational Documents, to redeem (the “Redemption”)
the outstanding shares of Concord Class A Common Stock at a per-share price, payable in cash, equal to the aggregate amount then on deposit
in the Trust Account, including interest (which interest shall be net of taxes payable, and less up to $100,000 of interest to pay dissolution
expenses), divided by the number of the then outstanding shares of Concord Class A Common Stock, which Redemption will completely extinguish
rights of the holders of Concord Class A Common Stock (including the right to receive further liquidating distributions, if any), subject
to applicable law, and as promptly as reasonably possible following such Redemption, subject to the approval of Concord’s remaining
stockholders and the Concord Board in accordance with applicable law, liquidate and dissolve, subject in each case to Concord’s
obligations under the DGCL to provide for claims of creditors and the requirements of other applicable law;

 

WHEREAS, pursuant to
Section 11.01(a) of the Transaction Agreement, the Transaction Agreement may be terminated, and the Merger and the other Transactions
may be abandoned at any time prior to the Scheme Effective Time, by mutual written consent of Concord and the Company;

 

WHEREAS, the Parties
desire to terminate the Transaction Agreement and abandon the Transactions as set forth herein and in accordance with Section 11.01(a)
of the Transaction Agreement; and

 

WHEREAS, in connection
with the termination of the Transaction Agreement, the Parties wish to provide for a mutual release of claims, and Topco, the Company
and Merger Sub desire to receive a release of claims by Sponsor, as provided herein.

 

    

     

    

 

AGREEMENT

 

NOW, THEREFORE, in
consideration of the mutual representations, warranties, covenants and agreements set forth in this Termination Agreement, and for other
good and valid consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows:

 

1.   Termination
of Transaction Agreement. In accordance with Sections 11.01(a), and 11.02 of the Transaction Agreement and subject to the terms and
provisions of this Termination Agreement, the Transaction Agreement shall be terminated by this mutual written consent of the Parties
effective as of the Effective Date. As of the Effective Date, all Parties’ right, title, and interest in the Transaction Agreement
will terminate and be of no further legal force or effect, except that, notwithstanding anything to the contrary contained in the Transaction
Agreement, the Confidentiality Agreement, or any of the Transaction Documents, the terms set forth in Section 9.03(b) (Confidentiality),
Section 11.02 (Effect of Termination), Section 11.03(a) and (c) (Expenses), Article XII (General Provisions) (other
than Section 12.02 Nonsurvival of Representations, Warranties and Covenants) and any corresponding definitions set forth in Article
I of the Transaction Agreement, and no others, shall survive the termination of the Transaction Agreement and remain in full force and
effect. The Parties further acknowledge and agree that, as of the Effective Date and by virtue of the termination of the Transaction Agreement
hereby, each of the Ancillary Agreements shall terminate in accordance with their terms.

 

2.   Expenses;
Termination Fee Share Issuance.

 

		a.	In accordance with Section 11.03(a)(ii) of the Transaction Agreement, following delivery to the Company
by Concord of the underlying invoices and/or statement of amount due, on or as promptly as reasonably possible following the Effective
Date the Company shall pay or procure the payment of $7,352,203.08 (the “Final Concord Expenses Amount”) to Concord,
representing the full amount of all Concord Expenses. Concord shall use the Final Concord Expenses Amount to pay the Concord Expenses
in accordance with the above-described invoices and/or statement of amount due. Following payment of the Final Concord Expenses Amount
by the Company to Concord, notwithstanding anything to the contrary in the Transaction Agreement or this Termination Agreement, none of
the Company, Topco or Merger Sub shall have any further obligation with respect to payment of Concord Expenses pursuant to the Transaction
Agreement.

 

		b.	In accordance with Section 11.03(c) of the Transaction Agreement, and in consideration of, among other
things, the release of claims by Sponsor provided for herein, promptly following the execution of this Termination Agreement the Company
shall allot and issue to Circle Internet Trust Company Limited (the “Nominee”), on behalf of Concord, an aggregate
of 396,514 ordinary shares of $0.0001 each in the capital of the Company (the “Termination Shares”) (which number
of shares the Parties agree is equal in value to $20,000,000, valued at the Company Equity Value), subject to due execution by Concord,
and receipt by the Company, of (a) a joinder agreement, in the form attached hereto as Exhibit A, to the Fifth Amended and Restated
Share Sale Agreement and the Fifth Amended and Restated Shareholders’ Voting Agreement, each relating to the Company and dated May
9, 2022, and (b) a nominee agreement, in the form attached hereto as Exhibit B. Such Termination Shares shall be credited as fully
paid and shall be issued to the Nominee on behalf of Concord. The Parties agree that the issuance of the Termination Shares to the Nominee
on behalf of Concord shall satisfy in full all obligations of the Company and its affiliates under Section 11.03(c) of the Transaction
Agreement.

 

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3.   Communications;
Filings.

 

		a.	Each Party hereby agrees not to (i) initiate any communications with respect to the other Parties, this
Termination Agreement, the Transaction Agreement or the Transactions, except as set forth in Section 3.b below, (ii) make, publish or
communicate to any person or in any public or private forum or through any medium, any disparaging, damaging or demeaning statements about
the other Parties or their respective affiliates, or any of their respective officers, directors, employees, or agents, or (iii) otherwise
engage, directly or indirectly, in any communications with any person that may be disparaging to the other Parties and their respective
affiliates that may damage the reputation or goodwill of the other Parties or their respective affiliates, or that may place the other
Parties or their respective affiliates in any false or negative light. Each Party hereby represents to the other Parties that it has not
engaged in any of the actions and communications described in the foregoing clauses (ii) and (iii) of this Section 3.a prior to the date
hereof.

 

		b.	The Parties shall issue a press release relating to this Termination Agreement in the form of Exhibit
C hereto. Concord shall timely file a Form 8-K in the form of Exhibit D hereto. On or about December 5, 2022, Topco shall file
the Rule 477 withdrawal request substantially in the form of Exhibit E hereto. Thereafter, except for disclosure or communication
required by applicable Law or stock exchange rule or in response to any request by any Governmental Authority, no Party shall issue any
press release with respect to the other Parties, the Transactions and/or this Termination Agreement without the prior written consent
of such other Parties; provided that, prior to any disclosure or communication required by applicable Law or stock exchange rule or in
response to a request by a Governmental Authority, Concord, on the one hand, and the Company, Topco and Merger Sub, on the other hand
shall (i) use their reasonable best efforts to consult with each other before making any such disclosure, communication or response and
(ii) to the fullest extent permitted by applicable Law, first allow the other to review such disclosure, communication or response and
the opportunity to comment thereon, and shall consider such comments in good faith.

 

4.   Mutual
Release. Effective from and after the Effective Date, each of Concord and Sponsor, on the one hand, and the Company, Topco and Merger
Sub, on the other hand, acknowledge and agree, in each case on behalf of itself and each of its respective Affiliates, Subsidiaries, officers,
directors, employees, managers, partners, principals, advisors, agents, stockholders, members, investors, equity holders or other representatives,
successors, predecessors or assigns (each, a “Releasing Party”), that:

 

		a.	Releasing Party (i) has no Claims (as defined below), (ii)
has not transferred or assigned, or purported to transfer or assign, any Claims, and (iii) will not transfer or assign, or purport to
transfer or assign, any Claims, in each case, against the Company, Topco or Merger Sub, on the one hand, or Concord or Sponsor, on the
other hand, or any of their respective Affiliates, Subsidiaries, officers, directors, employees, managers, partners, principals, advisors,
agents, stockholders, members, investors, equity holders or other representatives, successors, predecessors or assigns (collectively,
the “Released Parties”);

 

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		b.	Releasing Party hereby unconditionally, irrevocably and forever
releases, acquits and discharges the Released Parties from, and covenants not to sue any Released Parties for, any and all present, past,
or future claims, demands, allegations, assertions, complaints, controversies, charges, duties, grievances, rights, causes of action,
actions, suits, liabilities, debts, obligations, promises, commitments, agreements, guarantees, endorsements, duties, damages (whether
compensatory, punitive, or otherwise), costs, losses, debts, expenses (including attorneys’ fees and costs incurred) of any nature,
or other obligation of any type or nature whatsoever, whether at law or in equity, known or unknown, asserted or not asserted, foreseen
or unforeseen, direct or derivative, vested or contingent, under the laws of any jurisdiction including, but not limited to, federal
and state statutes and constitutions, and common law under the law of the United States or any other place whose law might apply, including,
notwithstanding anything to the contrary contained in the Transaction Agreement (together with the other documents and transactions contemplated
thereby referred to collectively herein as “Transaction Documents”), liabilities relating to fraud or willful
material breach in connection with or arising from the Transaction Agreement, the Transaction Documents or the Transactions, including
but not limited to their negotiation, execution, performance or nonperformance (collectively, “Claims”); provided,
however, that this Section 4.b shall not apply to Claims with respect to the payments and issuances set forth in Section 2;

 

		c.	Each Party acknowledges and understands that there is a risk
that subsequent to the execution of this Termination Agreement, each Party may discover, incur or suffer Claims that were unknown or
unanticipated at the time of the execution of this Termination Agreement, and which, if known on the date of the execution of this Termination
Agreement, might have materially affected such Party’s decision to enter into and execute this Termination Agreement. Each Party
further agrees that by reason of the releases contained herein, each Party is assuming the risk of such unknown Claims and agrees that
this Termination Agreement applies thereto.

 

5.   Waiver
of Claims under California Civil Code. Effective from and after the Effective Date, the Releasing Parties expressly waive, and each
Releasing Party shall be deemed to have expressly waived the provisions, rights, and benefits of California Civil Code §1542, which
provides as follows: “A general release does not extend to claims that the creditor or releasing party does not know or suspect
to exist in his or her favor at the time of executing the release and that, if known by him or her, would have materially affected his
or her settlement with the debtor or released party.” The Releasing Parties further expressly waive any and all provisions, rights,
and benefits conferred by any law of any state or territory of the United States, or principle of common law, which is similar, comparable,
or equivalent to California Civil Code §1542.

 

6.   Miscellaneous.
Section 9.03(b) (Confidentiality) and Article XII (General Provisions) (other than Section 12.02 Nonsurvival of Representations,
Warranties and Covenants) of the Transaction Agreement are hereby incorporated by reference as if fully set forth herein and will
apply mutatis mutandis to this Termination Agreement.

 

[Signature Page Follows]

 

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IN WITNESS WHEREOF,
the Parties have caused this Termination Agreement to be executed as of the Effective Date by their respective officers thereunto duly
authorized.

 

	 	CONCORD ACQUISITION CORP
	 	 	 
	 	By:	/s/ Jeff Tuder
	 	Name:	Jeff Tuder
	 	Title:	Chief Executive Officer
	 	 	 
	 	CIRCLE INTERNET FINANCE PUBLIC LIMITED
    COMPANY
	 	 	 
	 	By:	/s/ Jeremy Allaire
	 	Name:	Jeremy Allaire
	 	Title:	Chief Executive Officer
	 	 	 
	 	TOPCO (IRELAND) MERGER SUB, INC.
	 	 	 
	 	By:	/s/ Jeremy Allaire
	 	Name:	Jeremy Allaire
	 	Title:	President
	 	 	 
	 	CIRCLE INTERNET FINANCIAL LIMITED 
	 	 	 
	 	By:	/s/ Jeremy Allaire
	 	Name:	Jeremy Allaire
	 	Title:	Chief Executive Officer
	 	 	 
	 	CONCORD SPONSOR GROUP LLC
	 	 	 
	 	By	/s/ Jeff Tuder
	 	Name:	Jeff Tuder
	 	Title:	Manager
	 	 	 
	 	CA CO-INVESTMENT LLC
	 	 	 
	 	By	/s/ Owen S. Littman
	 	Name:	Owen S. Littman
	 	Title:	 

 

[Signature Page to Termination Agreement]

 

 

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