Document:

Appendix 1 to Memorandum of understanding

 Exhibit 10.1 

CONFIDENTIAL SETTLEMENT DOCUMENT 

PURSUANT TO FED. R. EVID. 408 

APPENDIX 1 

CORPORATE REFORMS TERM SHEET 

Blue Coat Systems, Inc. 

Blue Coat Systems, Inc. (the “Company”) agrees to adopt or maintain the corporate governance measures, policies and
procedures described below no later than sixty (60) days from the execution of the Stipulation of Settlement and shall maintain them for no less than five (5) years; provided, however, that revisions consistent with the intent of these
governance practices may be made to accommodate changes in business requirements and
operation.1/ 

The Corporate Governance Reforms described below will be implemented by the Company in the following documents: (1) Corporate Governance Guidelines,
(2) Audit Committee Charter, (3) Compensation Committee Charter, (4) Nominating/Corporate Governance Charter, (5) Stock Option Committee Charter, (6) Equity Award Policy, (7) Related Person Transaction Policy, and
(8) Insider Trading Policy. Within (60) days from the execution of the Stipulation of Settlement, the Company shall post each of these documents to the Investor Relations section of its website. In the event any of these documents is
modified, the Company will post revised copies to the same location within fourteen (14) days after the modification is made. Any determination to significantly modify such Corporate Governance Reforms shall be approved by a majority of the
independent members of the Board and shall be documented in the minutes of meetings of the Board. 
  

	I.	CORPORATE GOVERNANCE REFORMS  

  

	 	A.	Compensation Practices 

  

	 	1.	Policies and Procedures 

  

	 	a.	If the Company is required to restate any interim or annual financial statement included in a report on Form 10-Q or Form 10-K, and if the Company’s Chief
Executive Officer (‘CEO”) and Chief Financial Officer (‘CFO”) previously received any form of compensation that was determined on the basis of that incorrect financial statement, and there is a finding by a majority of the
members of the Company’s Board of Directors (the “Board”) at the time of the restatement that such restatement was due to the recklessness or intentional misconduct of the responsible CEO or CFO, then the Company shall seek
disgorgement of any portion of the bonuses or other incentive-based or equity based compensation related to such accounting restatement received by the responsible CEO or CFO from the Company during the 12 month period following the first public
issuance or filing with the SEC (whichever first occurs) of the financial document embodying such error. 

  

	1/
	 All references to numbers of shares in this document shall be appropriately adjusted for share splits or reverse share splits, or similar changes in
capitalization. 

  

 1 

 CONFIDENTIAL SETTLEMENT DOCUMENT 

PURSUANT TO FED. R. EVID. 408 
  

	 	2.	Equity Awards 

  

	 	a.	The Company shall adopt and implement a policy dictating that all awards of options, restricted stock, restricted stock units or stock appreciation rights (“Equity
Awards”), whether made to Board members, officers or employees, will be made on a predetermined schedule (e.g., Equity Awards to employees will be made on the third Thursday of the month; refresh Equity Awards will be made on the third Thursday
of June; and awards to non-employee Board members will be made upon the conclusion of the Annual Stockholders Meeting). 

  

	 	b.	The Stock Option Committee may not 

  

	 	i.	grant Equity Awards to Section 16 officers, Board members or direct reports of any member of the Stock Option Committee. 

 

	 	ii.	grant options or SARs for more than 40,000 shares per recipient. 

  

	 	iii.	grant options that have an exercise price of less than 100% of the fair market value of a share of the Company’s Common Stock on the date of grant.

  

	 	iv.	grant restricted shares or restricted stock units for more than 10,000 shares per recipient. 

 

	 	c.	When the Stock Option Committee grants Equity Awards to new hires (including employees of acquired companies), it shall approve the Equity Awards promptly after the
employee’s first day of employment or after the accomplishment of any statutory, legal or administrative compliance requirements. 

  

	 	B.	Directors and Committees of the Board 

  

	 	1.	Composition of the Board 

  

	 	a.	At least two thirds of the Board members shall be independent directors. “Independence” shall be determined in accordance with the applicable rules of the
NASDAQ Stock Market and the Securities and Exchange Commission. 

  

	 	b.	The Board shall appoint either a Chairman or a Lead Independent Director. 

  

	 	c.	The Chairman/Lead Independent Director shall be responsible for calling special meetings of the independent directors. 

 

	 	d.	Directors may sit on no more than four other public boards and the CEO may sit on no more than two other public boards. 

 

 2 

 CONFIDENTIAL SETTLEMENT DOCUMENT 

PURSUANT TO FED. R. EVID. 408 
  

	 	2.	Continuing Education of the Board of Directors 

  

	 	a.	Each Board member will attend a director education program or peer exchange provided by a recognized institute or organization (such as Stanford University, NACD or
Corporate Board member magazine) that is at least one day in duration every three years and at least two directors shall attend such a program each year. The Company shall reimburse the expenses incurred in attending such training.

  

	 	b.	Attendance at specialized update training by Board members in matters of corporate governance, executive and incentive compensation, and financial reporting, at the
Company’s expense, shall be highly encouraged. 

  

	 	3.	Stock Ownership / Compensation Guidelines 

  

	 	a.	Each director and executive officer shall hold, directly or indirectly, 

  

	 	i.	At least 1,000 shares of Blue Coat common stock within twelve months after the commencement of service, and 

 

	 	ii.	At least 2,000 shares of Blue Coat common stock within twenty-four months after the commencement of service. 

 

	 	b.	The Company shall review annually the propriety of compensating non-employee Board members with stock options. 

 

	 	4.	Annual Stockholders Meetings 

  

	 	a.	All directors will be required to use their best efforts to attend Annual Meetings of Stockholders. 

 

	 	b.	Stockholders shall be allocated time to ask questions or have a dialogue with the Company’s Chairman, CEO and Board members at the Annual Stockholders Meeting.
There shall be no requirement that questions be submitted in advance. 

  

	 	c.	The Chairman of each Board Committee shall be permitted to answer questions from stockholders relevant to such committee’s responsibilities and functions.

  

	 	5.	Stock Option Committee 

  

	 	a.	The Stock Option Committee shall be comprised of the CEO of the Company and a second member of the Board who is deemed “independent,” as such term is defined
by the rules of the NASDAQ. 

  

 3 

 CONFIDENTIAL SETTLEMENT DOCUMENT 

PURSUANT TO FED. R. EVID. 408 
  

	 	b.	The Stock Option Committee may approve the grant of Equity Awards at meetings of the Stock Option Committee (in person or by telephone) or by unanimous written consent.

  

	 	c.	The Stock Option Committee will maintain minutes of each meeting that will document actions taken at such meeting. 

 

	 	d.	A complete list of proposed Equity Awards and their material terms shall be submitted at or prior to the meeting of the Stock Option Committee where they are to be
considered. 

  

	 	e.	Unanimous Written Consents 

  

	 	i.	Any action by unanimous written consent of the Stock Option Committee must include a complete list of Equity Awards and material terms. 

 

	 	ii.	The unanimous written consent must show the date(s) on which it was signed and will not be effective until the date of the last signature on the unanimous written
consent, or e-mail approval thereof, or a specified date thereafter. 

  

	 	iii.	If approval of an Equity Award is provided by the Stock Option Committee member via email, the email shall be filed with unanimous written consent and must show the
date when the approval email was sent. 

  

	 	iv.	All unanimous written consents shall be filed with the minutes of the meetings of committees of the Board. 

 

	 	6.	Compensation Committee 

  

	 	a.	Membership: 

  

	 	i.	The Compensation Committee shall consist of at least two directors selected by the Board and determined by the Board to be “independent” in accordance with
the applicable NASDAQ Stock Market rules. 

  

	 	ii.	If the Committee is composed of at least three members, one may be non-independent provided an exception to the NASDAQ rules is applicable. 

 

	 	b.	A Chairman of the Compensation Committee will be designated by the Board of Directors and will be an independent director. 

 

 4 

 CONFIDENTIAL SETTLEMENT DOCUMENT 

PURSUANT TO FED. R. EVID. 408 
  

	 	c.	The Compensation Committee shall establish and review the Company’s Equity Award Policy on an annual basis. 

 

	 	d.	The Compensation Committee shall approve the grant of Equity Awards only at a meeting of the Compensation Committee (in person or by telephone). No Equity Awards can be
granted by the Compensation Committee through unanimous written consent (although the Compensation Committee may take other action by unanimous written consent). 

 

	 	e.	The Compensation Committee shall be composed of directors who were not on the committee during either of the Company’s fiscal year 2004 and fiscal year 2005.

  

	 	f.	The Compensation Committee will maintain minutes of each meeting that will document all actions with respect to Equity Awards taken at such meeting.

  

	 	g.	Management must submit a complete list of proposed Equity Awards and their material terms at or prior to the meeting of the Compensation Committee at which they are to
be considered. 

  

	 	h.	The Compensation Committee shall notify those Board members not then serving on the Compensation Committee (and who did not attend the meeting at which the award was
approved) of the approval of any Equity Award to a Section 16 Officer. Such notification shall be provided within a reasonable time of the approval and may be provided at a duly convened meeting of the Board or by email or by phone.

  

	 	i.	For each fiscal year, following the approval by the Board of the Company’s annual business plan, the Compensation Committee shall adopt an annual budget for the
grant of Equity Awards, with guideline amounts for the number of shares and types of awards based on the individual’s position, salary grade, ranking and other such factors as the Committee deems advisable. The budget shall specify guideline
amounts for Equity Awards in the categories of new hires, promotion, and annual refresh grants. 

  

	 	j.	The compensation of non-employee Board members shall be reviewed annually by the Compensation Committee and any recommendations of the Compensation Committee will be
submitted for discussion and action by the full Board of Directors. 

  

 5 

 CONFIDENTIAL SETTLEMENT DOCUMENT 

PURSUANT TO FED. R. EVID. 408 
  

	 	k.	The Compensation Committee shall review and authorize all employment, compensation, benefits, change-in-control or severance agreements or plans entered into between
the Company and any of its current or former executive officers or, as appropriate, other senior management. 

  

	 	l.	The Compensation Committee shall monitor compliance by senior management, directors and executive officers with the Company’s program of required stock ownership.

  

	 	m.	The Compensation Committee shall review and discuss with management the Company’s Compensation Disclosure and Analysis required by the SEC and shall determine
whether to recommend to the Board that it be included in the Company’s annual 10-K, proxy statement or information statement on Schedule 14C. 

  

	 	n.	The Compensation Committee shall conduct an annual self-evaluation of the performance of the Committee, including its effectiveness and compliance with its charter.

  

	 	o.	The Compensation Committee shall review and assess annually the adequacy of its charter and recommend amendments, if any, to the Board. 

 

	 	p.	Oversight of the Company’s Equity Plans 

  

	 	i.	The Compensation Committee shall monitor compliance by management with such rules, policies and guidelines for the issuance of Equity Awards pursuant to such stock
plans as the Committee or the Board may establish. 

  

	 	ii.	The Compensation Committee shall review the design and terms of, and recommend for Board action, any new stock plan proposed for adoption. 

 

	 	7.	Audit Committee 

  

	 	a.	The Audit Committee shall meet annually with internal personnel and independent auditors to review accounting for stock-based compensation and the Processes and
Procedures described below, as they may be amended from time to time. 

  

	 	b.	Members of the Audit Committee cannot have participated in the preparation of the financial statements of the Company or any current subsidiary of the Company at any
time during the past three years. 

  

 6 

 CONFIDENTIAL SETTLEMENT DOCUMENT 

PURSUANT TO FED. R. EVID. 408 
  

	 	c.	Non-independent directors (in accordance with listing standards of the NASDAQ Stock market and SEC rules) will only be appointed to the Audit Committee under
exceptional and limited circumstances, provided there is an applicable exception to the NASDAQ rules and appropriate disclosure is made thereof. 

  

	 	d.	Every member shall meet the financial literacy requirements of NASDAQ. 

  

	 	e.	A chairman of the Audit Committee shall be designated by the Board of Directors. 

 

	 	f.	The Audit Committee shall review and update the Committee’s charter on an annual basis. 

 

	 	g.	Oversight of internal controls and risk management: 

  

	 	i.	The Audit Committee shall inquire of, review and discuss with management and the auditor any major financial risk exposures and assess the steps and processes
management has implemented to monitor and control such exposures. 

  

	 	ii.	The Audit Committee shall review and discuss with management and the Company’s auditor any fraud, whether or not material, that involves management or other
employees who have a significant role in the Company’s internal controls over financial reporting or disclosure controls and procedures. 

  

	 	iii.	The Audit Committee shall establish procedures for the receipt, retention and treatment of complaints received by the Company regarding accounting, internal accounting
controls or auditing matters, including procedures for the confidential, anonymous submission by employees of the Company of concerns regarding questionable accounting and auditing matters. 

 

	 	h.	Oversight of Financial Reporting and Auditing 

  

	 	i.	The Audit Committee shall resolve any disputes between management and the independent auditor regarding financial reporting. 

 

	 	ii.	The Audit Committee shall discuss with management the Company’s communications with financial analysts and the investment community, including as conducted under
the Investor Relations Policy, principal messages to be conveyed in the Company’s earnings press releases and related conference calls, financial information and earnings guidance provided to financial analysts and rating agencies, and the
dissemination of financial information not involving presentation of financial measures in accordance with GAAP. 

  

 7 

 CONFIDENTIAL SETTLEMENT DOCUMENT 

PURSUANT TO FED. R. EVID. 408 
  

	 	i.	Legal and Ethical Compliance 

  

	 	i.	The Audit Committee shall review material litigation matters and the Company’s establishment and release of reserves with regard to material litigation and
possible claims. 

  

	 	ii.	In accordance with, and to the extent provided by, the Company’s Related Person Transaction Policy, the Audit Committee shall review all Related Person
Transactions (as defined in such policy) and, as appropriate, approve or ratify such transactions. 

  

	 	C.	Insider Trading Committee 

  

	 	1.	The Audit Committee shall appoint a committee consisting of at least two members of senior management (which initially shall be the CFO and the General Counsel), which
committee shall be responsible for ensuring compliance with the Company’s stock trading and investor relations policy. That Committee will be designated the “Trading Compliance Committee,” and will be responsible for developing (with
Audit Committee involvement), presenting to the Board for approval, and monitoring and updating (with Audit Committee involvement and approval) a comprehensive program (the “Trading Compliance Program”) designed to ensure compliance with
the Company’s trading policies. The Audit Committee will be responsible for direct oversight of the Trading Compliance Program and the Trading Compliance Committee, and the members of the Audit Committee will have direct access to the Trading
Compliance Committee, including the opportunity to meet with the Trading Compliance Committee outside the presence of any other member of management. At least once yearly, the Audit Committee will receive a report from the Trading Compliance
Committee outside the presence of any other members of management. In addition to the above: 

  

	 	a.	The Trading Compliance Committee shall be responsible for pre-clearing in writing all transactions by the Company’s directors or those employees subject to
§16 (hereinafter “Restricted Persons”) of the Securities Exchange Act. 

  

	 	b.	During any period while the Company is actively acquiring shares through a Company-funded open market stock buy-back program, no Restricted Person shall be permitted to
sell stock including under a Rule 10b5-1 Plan. 

  

 8 

 CONFIDENTIAL SETTLEMENT DOCUMENT 

PURSUANT TO FED. R. EVID. 408 
  

	 	c.	Except for trades permitted under an approved Rule 10b5-1 Plan and not prohibited under item (b) above, all trades by a member of the Trading Compliance Committee
shall be pre-cleared in writing by the other member of the Trading Compliance Committee and by either the CEO or the Chairman of the Board (or Lead Independent Director). 

 

	 	2.	Any failure by a Restricted Person to comply with the Company’s trading policy shall result in appropriate sanctions, including, as appropriate, disgorgement by
the individual to the Company of all profits from the transaction or termination. 

  

	 	3.	Restricted Persons shall be prohibited from directly or indirectly engaging in “short” transactions involving the Company’s stock or engaging in
“put” or call transactions involving the Company’s stock. 

  

	II.	PROCESSES AND PROCEDURES 

  

	 	A.	Internal Controls 

  

	 	1.	The Company’s documentation and controls for annual, new hire, promotion and adjustment of Equity Awards will be as follows: 

 

	 	a.	New Hire / Promotion Equity Awards 

  

	 	i.	New hire and promotional Equity Awards will be determined based on Company guidelines, unless an exception is approved by the Compensation Committee.

  

	 	ii.	Human Resources (“HR”) prepares a listing of recommendations of Equity Awards – this listing includes all new hires who are to receive Equity Awards as
well as any existing employees who are to receive Equity Awards reflecting adjustments, including promotions. 

  

	 	iii.	HR confirms hire dates for new employees and eligibility of employees for promotion. 

 

	 	iv.	Once HR is satisfied the listing of recommended Equity Awards is accurate, HR sends the list to Stock Services. 

 

	 	v.	Stock Services assigns the vesting schedule and ensures compliance with Company guidelines for each grant and prepares the final listing of Equity Awards (the
“Equity Exhibit”). The Equity Exhibit is then submitted to the Stock Option Committee or Compensation Committee for review. 

  

 9 

 CONFIDENTIAL SETTLEMENT DOCUMENT 

PURSUANT TO FED. R. EVID. 408 
  

	 	vi.	When the Stock Option Committee or Compensation Committee approves the Equity Exhibit, the Corporate Secretary, or the Secretary’s designee, emails to Stock
Services and HR the minutes of the meeting or the UWC containing the approval of the Equity Exhibit. 

  

	 	b.	Annual Refresh Equity Awards 

  

	 	i.	HR initiates and manages the process for determining annual refresh Equity Awards to be awarded and works with senior management to determine proposed annual refresh
Equity Awards. 

  

	 	ii.	HR sends the list of proposed refresh Equity Awards to the CEO and CFO for final review and approval. 

 

	 	iii.	After the CFO’s and CEO’s approvals have been obtained, HR sends the list of proposed refresh Equity Awards to Stock Services. 

 

	 	iv.	Stock Services assigns the vesting schedule and ensures compliance with Company guidelines for each refresh Equity Award and prepares the final listing of refresh
Equity Awards (the “Equity Exhibit”). The Equity Exhibit is then submitted to the Compensation Committee. When the Compensation Committee has approved the Equity Exhibit, the Corporate Secretary or the Secretary’s designee, emails to
Stock Services and HR the minutes of the meeting containing the approval of the Compensation Committee. 

  

	 	2.	The Company’s documentation and controls for entry of Equity Awards into Equity Edge and notification to Equity Award recipients will be as follows:

  

	 	a.	Stock Services enters the approved Equity Awards into the Equity Edge database within two weeks following the date of grant. 

 

	 	b.	Stock Services prepares a review package that includes the Equity Exhibit and external pricing sources for option prices and provides this to the CFO.

  

	 	c.	The CFO appoints a senior manager within the Finance organization (“Finance”) who checks each new Equity Award in Equity Edge against the Equity Exhibit and
evidences his/her review and approval. 

  

 10 

 CONFIDENTIAL SETTLEMENT DOCUMENT 

PURSUANT TO FED. R. EVID. 408 
  

	 	d.	Finance verifies that each option price conforms to the closing price on the date of the grant per an external pricing source (NASD listing or similar source) and
verifies that the applicable Equity Award agreements have been uploaded to the stock brokerage service responsible for managing recipients’ accounts (“Broker Service”). 

 

	 	e.	After review by Finance, Stock Services records the approved Equity Awards to the Company’s equity accounting database and also uploads to the Broker Service.

  

	 	f.	The Broker Service automatically sends a notice to each recipient informing her/him that s/he has an Equity Award and making available to her/him the applicable Equity
Award agreement with the Company. Stock Services also sends a notification by email to all recipients. 

  

	 	g.	The recipient reviews notice of the Equity Award and accepts the Equity Award electronically or, for those countries in which online agreements are not implemented, by
signing the paper document provided by Stock Services. 

  

	 	3.	The Company’s documentation and controls for modifications to option grants will be as follows: 

 

	 	a.	All requests to change an existing option grant are handled by HR. HR recommends all changes to Finance together with justification. 

 

	 	b.	The accounting charge for modifications to option grantees is calculated by Finance. 

 

	 	c.	The requested change in terms of the option grants, the accounting charge and the justification for the modification are reviewed by the CFO. 

 

	 	d.	The proposed stock option modification is then presented to the Compensation Committee for approval. 

 

	 	e.	Upon the Compensation Committee’s approval, the expense for the modification is recorded, and Stock Services enters the modified terms in the Company’s equity
accounting database and provides the modification to Broker Services. 

  

	 	B.	Training 

  

	 	1.	Cross-functional training for personnel involved in making Equity Awards will be provided. 

 

 112011 Equity Compensation Plan

 EXHIBIT 4.1 

American Software, Inc. 

2011 Equity Compensation Plan 

1. Purpose of the Plan. The purpose of the 2011 Equity Compensation Plan (the “Plan”) is to aid
American Software, Inc., a Georgia corporation (“Company”), and its Affiliates (defined below) in recruiting and retaining key employees, directors, consultants and other service providers of outstanding ability and to motivate such
employees, directors, consultants and other service providers to exert their best efforts on behalf of Company and its Affiliates by providing incentives through the granting of Awards (defined below). Company expects that it will benefit from the
added interest which such key employees, directors, consultants and other service providers will have in the welfare of Company as a result of their proprietary interest in Company’s success. 

2. Definitions. The following capitalized terms used in the Plan have the respective meanings set forth in this
Section 2: 
 “Act” means the Securities Exchange Act of 1934, as amended, or any
successor thereto. 
 “Affiliate” means with respect to Company, any entity directly or
indirectly controlling, controlled by, or under common control with, Company or any other entity designated by the Board in which Company or an Affiliate has an interest. 

“Award” means an Option or Stock Appreciation Right granted pursuant to the Plan. 

“Board” means the Board of Directors of Company. 

“Change of Control” means any event which is a “change in control event” as defined in Treasury
Regulation Section 1.409A-3(i)(5) or any subsequent regulation or authoritative governmental interpretation of Section 409A(a)(2)(A)(v) of the Code, including any amendments thereto. To the extent consistent with such definition, a
“Change of Control” means a transaction or a series of transactions occurring within any single 12-month period in which: 

(i) any one Person, or more than one Person acting as a group, acquires ownership of stock of Company that, together with
stock held by such Person or group, constitutes Majority Shareholder Voting Power, taking into account all such stock acquired during the 12-month period ending on the date of the most recent acquisition; 

(ii) a majority of the members of the Board is replaced during any 12-month period by directors whose appointment or
election is not endorsed by a majority of the members of the Board prior to the date of the appointment or election; or 

(iii) any one Person, or more than one Person acting as a group, other than a Person or group of persons that is related
to Company, acquires assets from Company that have a total gross fair market value equal to or more than 75% of the total gross fair market value of all of the assets of Company immediately prior to such acquisition or acquisitions, taking into
account all such assets acquired during the 12-month period ending on the date of the most recent acquisition. 

Notwithstanding the foregoing, a “Change in Control” shall not include any transaction or a series of
transactions in which the Class B Common Shares of the Company held by any person holding such shares as of the Effective Date are transferred to one or more members of his immediate family, to an entity controlled by any such family member or
members or a trust for the benefit of any such family member or members. Further, a “Change in Control” shall not include any transaction or a series of transactions in any acquisition of stock or assets by a Person who owns
Majority Shareholder Voting Power prior to such transaction or series of transactions. 
  

 1 

 “Code” means the Internal Revenue Code of 1986, as amended,
or any successor thereto. 
 “Committee” means the Stock Option Committee of the Board, or such
other committee of the Board (including, without limitation, the full Board) to which the Board has delegated full or partial power to act under or pursuant to the provisions of the Plan. 

“Company” has the meaning set forth in Section 1. 

“Disability” means Disability as defined for purposes of Section 409A of the Code. In a dispute, the
Disability determination shall be in the sole discretion of the Committee and a Participant (or his representative) shall furnish the Committee with medical evidence documenting the Participant’s disability or infirmity which is satisfactory to
the Committee. 
 “Effective Date” means May 17, 2010 (the date the Board approved the
Plan). The effectiveness of the Plan and the validity of any and all Awards granted hereunder are contingent upon approval of the Plan by the requisite vote of the shareholders of Company in a manner which complies with Section 422(b)(1) of the
Code, the requirements of any national securities exchange on which such Shares are listed or admitted to trading and the provisions of the corporate charter, bylaws and applicable state law of Company. 

“Employment” means (i) a Participant’s employment if the Participant is an employee of Company
or any of its Affiliates, (ii) a Participant’s service as a consultant or other service provider, if the Participant is a consultant or other service provider to Company or its Affiliates, and (iii) a Participant’s service as an
non-employee director, if the Participant is a non-employee member of the Board. 
 “Fair Market
Value” means, on a given date, (i) if there should be a public market for the Shares on such date, the closing price of the Shares as reported on such date on the composite tape of the principal national securities exchange on which
such Shares are listed or admitted to trading, or, if no composite tape exists for such national securities exchange on such date, then the closing price on the principal national securities exchange on which such Shares are listed or admitted to
trading, or, (ii) if the Shares are not listed or admitted to trading or quotation on a national securities exchange, the arithmetic mean of the per Share closing bid price and per Share closing asked price on such date as quoted on the
National Association of Securities Dealers Automated Quotation System (or such market in which such prices are regularly quoted), or (iii) if there is no market on which the Shares are regularly quoted, the Fair Market Value shall be the value
established by the Committee in good faith pursuant to the reasonable application of a reasonable valuation method under Treasury Regulation Section 1.409A-1(b)(5)(iv)(B). With respect to (i) and (ii) above, if no sale of Shares shall
have been reported on such composite tape or such national securities exchange on such date or quoted on the National Association of Securities Dealer Automated Quotation System on such date, then the immediately preceding date on which sales of the
Shares have been so reported or quoted shall be used. 
 “ISO” means an Option that is also an
incentive stock option granted pursuant to Section 6(d). 
 “Majority Shareholder Voting
Power” means either (i) with respect to the election of members of the Board by the shareholders of Company, the ability to elect a majority of the Board, or (ii) with respect to all other matters, more than 50% of the total
voting power of the stock of Company, in both cases taking into account the relative voting power of the Shares and Company’s Class B Common Shares. 

“Option” means a stock option granted pursuant to Section 6. 

“Option Price” means the purchase price per Share of an Option, as determined pursuant to
Section 6(a). 
 “Participant” means an employee, director, consultant or other
service provider of Company or any of its Affiliates who is selected by the Committee to participate in the Plan. 
  

 2 

 “Permitted Holder” means, as of the date of determination,
any and all of an employee benefit plan (or trust forming a part thereof) maintained by (i) Company, or (ii) any corporation or other Person of which a majority of its voting power of its voting equity securities or equity interest is
owned, directly or indirectly, by Company. 
 “Person” means a “person”, as such term
is used for purposes of Section 13(d) or 14(d) of the Act (or any successor section thereto). 

“Plan” has the meaning set forth in Section 1. 

“Shares” means Company’s Class A Common Shares. 

“Stock Appreciation Right” means a stock appreciation right granted pursuant to Section 7.

 “Subsidiary” means a subsidiary corporation, as defined in Section 424(f) of the Code
(or any successor section thereto). 
 3. Shares Subject to the Plan. Subject to Section 8,
the total number of Shares which may be issued under the Plan is 2,500,000 and the maximum number of Stock Appreciation Rights that may be granted is 500,000. The Shares may consist, in whole or in part, of unissued Shares or treasury Shares. The
issuance of Shares or the payment of cash upon the exercise of an Award or in consideration of the cancellation or termination of an Award shall reduce the total number of Shares available under the Plan, as applicable. Shares subject to Awards that
terminate or lapse without the payment of consideration may be granted again under the Plan. 
 4.
Administration. The Plan shall be administered by the Committee. The Committee is authorized to interpret the Plan, to establish, amend and rescind any rules and regulations relating to the Plan, and to make any other determinations that it
deems necessary or advisable for the administration of the Plan. The Committee may correct any defect or supply any omission or reconcile any inconsistency in the Plan in the manner and to the extent the Committee deems necessary or advisable. Any
decision of the Committee in the interpretation and administration of the Plan, as described herein, shall lie within its sole and absolute discretion and shall be final, conclusive and binding on all parties concerned (including, but not limited
to, Participants and their beneficiaries or successors). The Committee shall have the full power and authority to establish the terms and conditions of any Award consistent with the provisions of the Plan and to waive any such terms and conditions
at any time (including, without limitation, accelerating or waiving any vesting conditions). Determinations made by the Committee under the Plan need not be uniform and may be made selectively among Participants, whether or not such Participants are
similarly situated. Awards may, in the discretion of the Committee, be made under the Plan in assumption of, or in substitution for, outstanding awards previously granted by Company, any of its Affiliates or any of their respective predecessors, or
any entity acquired by Company or with which Company combines. The number of Shares underlying such substitute awards shall be counted against the aggregate number of Shares available for Awards under the Plan. The Committee shall require payment of
any minimum amount it may determine to be necessary to withhold for federal, state, local or other taxes as a result of the exercise, vesting or grant of an Award. Unless the Committee specifies otherwise, the Participant may elect to pay a portion
or all of such minimum withholding taxes by (i) delivery in Shares, or (ii) having Shares withheld by Company from any Shares that would have otherwise been received by the Participant. The number of Shares so delivered or withheld shall
have an aggregate Fair Market Value sufficient to satisfy the applicable minimum withholding taxes. 
 5.
Limitations. No Award may be granted under the Plan after the tenth anniversary of the Effective Date, but Awards theretofore granted may extend beyond that date. 

6. Terms and Conditions of Options. Options granted under the Plan shall be, as determined by the Committee,
non-qualified or incentive stock options for federal income tax purposes, as evidenced by the related Award agreements, and shall be subject to the foregoing and the following terms and conditions and to such other terms and conditions, not
inconsistent therewith, as the Committee shall determine: 
 (a) Option Price. The Option Price per Share
shall be determined by the Committee, but shall not be less than 100% of the Fair Market Value of a Share on the date an Option is granted (other than in the case of 

 

 3 

 
Options granted in assumption or substitution of previously granted awards, as described in Section 4; provided that such assumption or substitution is described in Treasury
Regulation Section 1.409A-1(b)(5)(v)(D)). 
 (b) Exercisability. Options granted under the Plan shall
be exercisable at such time and upon such terms and conditions as may be determined by the Committee, but in no event shall an Option be exercisable more than ten years after the date it is granted. Each Award agreement shall set forth the extent to
which the Participant shall have the right to exercise the Option following termination of the Participant’s employment or service with Company or its Affiliates. Such provisions shall be determined in the sole discretion of the Committee,
shall be included in the Award agreements, need not be uniform among all Options issued pursuant to the Plan, and may reflect distinctions based on the reasons for termination. 

(c) Exercise of Options. Except as otherwise provided in the Plan or in an Award agreement, an Option may be
exercised for all, or from time to time any part, of the Shares for which it is then exercisable. For purposes of Section 6, the exercise date of an Option shall be the later of the date a notice of exercise is received by Company and,
if applicable, the date payment is received by Company pursuant to clause (i), (ii), (iii), (iv) or (v) in the following sentence. The purchase price for the Shares as to which an Option is exercised shall be paid to Company to the extent
permitted by law, (i) in cash or its equivalent (e.g., by personal check) at the time the Option is exercised, (ii) in Shares having a Fair Market Value equal to the aggregate Option Price for the Shares being purchased and satisfying such
other requirements as may be imposed by the Committee; provided, that such Shares have been held by the Participant for no less than six months (or such other period as established from time to time by the Committee in order to avoid adverse
accounting treatment applying generally accepted accounting principles), (iii) partly in cash and partly in Shares (as described in (ii) above), (iv) if there is a public market for the Shares at such time, through the delivery of
irrevocable instructions to a broker to sell Shares obtained upon the exercise of the Option and to deliver promptly to Company an amount out of the proceeds of such sale equal to the aggregate Option Price for the Shares being purchased plus any
and all federal, state, or local taxes and any other levies of any kind required by law to be deducted or withheld with respect to the exercise of the Option, or (v) to the extent the Committee shall approve in the Award agreement, through
“net settlement” in Shares. In the case of a “net settlement” of an Option, Company will not require a cash payment of the Option Price of the Option set forth in the Award agreement, but will reduce the number of Shares issued
upon the exercise by the largest number of whole Shares that have a Fair Market Value that does not exceed the aggregate Option Price set forth in the Award agreement. With respect to any remaining balance of the aggregate Option Price, Company
shall accept a cash payment. No Participant shall have any rights to dividends or other rights of a shareholder with respect to Shares subject to an Option until the Participant has given written notice of exercise of the Option, paid in full for
such Shares and, if applicable, has satisfied any other conditions imposed by the Committee pursuant to the Plan. 

(d) ISOs. The Committee may grant Options under the Plan that are intended to be ISOs. Such ISOs shall comply with
the requirements of Section 422 of the Code (or any successor section thereto). No ISO may be granted to any Participant who at the time of such grant, owns more than 10% of the total combined voting power of all classes of stock of Company or
of any Subsidiary, unless (i) the Option Price for such ISO is at least 110% of the Fair Market Value of a Share on the date the ISO is granted and (ii) the date on which such ISO terminates is a date not later than the day preceding the
fifth anniversary of the date on which the ISO is granted. Any Participant who disposes of Shares acquired upon the exercise of an ISO either (i) within two years after the date of grant of such ISO or (ii) within one year after the
transfer of such Shares to the Participant, shall notify Company of such disposition and of the amount realized upon such disposition. All Options granted under the Plan are intended to be nonqualified stock options, unless the applicable Award
agreement expressly states that the Option is intended to be an ISO. If an Option is intended to be an ISO, and if for any reason such Option (or portion thereof) shall not qualify as an ISO, then, to the extent of such non-qualification, such
Option (or portion thereof) shall be regarded as a nonqualified stock option granted under the Plan. In no event shall any member of the Committee, Company or any of its Affiliates (or their respective employees, officers or directors) have any
liability to any Participant (or any other Person) due to the failure of an Option to qualify for any reason as an ISO. 

(e) Attestation. Wherever in this Plan or any agreement evidencing an Award a Participant is permitted to pay the
exercise price of an Option or taxes relating to the exercise of an Option by delivering Shares, the Participant may, subject to procedures satisfactory to the Committee, satisfy such delivery requirement by presenting proof of beneficial ownership
of such Shares, in which case Company shall treat the Option as exercised 
  

 4 

 
without further payment and/or shall withhold such number of Shares from the Shares acquired by the exercise of the Option, as appropriate. 

7. Terms and Conditions of Stock Appreciation Rights. 

(a) Grants. The Committee may also grant (i) a Stock Appreciation Right independent of an Option or
(ii) a Stock Appreciation Right in connection with an Option, or a portion thereof. A Stock Appreciation Right granted pursuant to clause (ii) of the preceding sentence (A) may be granted at the time the related Option is granted or
at any time prior to the exercise or cancellation of the related Option, (B) shall cover the same number of Shares covered by an Option (or such lesser number of Shares as the Committee may determine), and (C) shall be subject to the same
terms and conditions as such Option except for such additional limitations as are contemplated by this Section 7 (or such additional limitations as may be included in an Award agreement). 

(b) Terms. The exercise price per Share of a Stock Appreciation Right shall be an amount determined by the
Committee but in no event shall such amount be less than the Fair Market Value of a Share on the date the Stock Appreciation Right is granted (other than in the case of a Stock Appreciation Right granted in assumption or substitution of previously
granted awards, as described in Section 4; provided that such assumption or substitution is described in Treasury Regulation Section 1.409A-1(b)(5)(v)(D)); provided, however, that, in the case of a Stock Appreciation Right granted
in conjunction with an Option, or a portion thereof, the exercise price may not be less than the Option Price of the related Option. Each Stock Appreciation Right granted independent of an Option shall entitle a Participant upon exercise to an
amount equal to the product of (i) the excess of (A) the Fair Market Value on the exercise date of one Share over (B) the exercise price per Share, multiplied by (ii) the number of Shares covered by the Stock Appreciation
Right. Each Stock Appreciation Right granted in conjunction with an Option, or a portion thereof, shall entitle a Participant to surrender to Company the unexercised Option, or any portion thereof, and to receive from Company in exchange therefor an
amount equal to the product of (i) the excess of (A) the Fair Market Value on the exercise date of one Share over (B) the greater of the exercise price per Share or the Option Price per Share, multiplied by (ii) the number
of Shares covered by the Option, or portion thereof, which is surrendered. The date on which a notice of exercise is received by Company shall be the exercise date. Payment shall be made in cash as set forth in the Award agreement. Stock
Appreciation Rights may be exercised from time to time upon actual receipt by Company of written notice of exercise stating the number of Shares with respect to which the Stock Appreciation Right is being exercised. 

(c) Limitations. The Committee may impose, in its sole discretion, such conditions upon the exercisability or
transferability of Stock Appreciation Rights as it may determine, but in no event shall a Stock Appreciation Right be exercisable more than ten years after the date it is granted. 

8. Adjustments upon Certain Events. Notwithstanding any other provisions in the Plan to the contrary, the following
provisions shall apply to all Awards granted under the Plan: 
 (a) Generally. In the event of any change
in the outstanding Shares after the Effective Date by reason of any Share dividend or split, reorganization, recapitalization, merger, consolidation, spin-off, combination or exchange of Shares or other corporate exchange or change in capital
structure, any distribution to shareholders of Shares (other than regular cash dividends) or any similar event, the Committee without liability to any person shall make such substitution or adjustment, if any, as it deems to be equitable (subject to
Section 15), as to the number or kind of Shares or other securities issued or reserved for issuance as set forth in Section 3 or pursuant to outstanding Awards; provided that the Committee shall determine in its sole
discretion the manner in which such substitution or adjustment shall be made. 
 (b) Change of Control. In
the event of a Change of Control (or similar corporate transaction, whether or not including any Permitted Holder) after the Effective Date, the Committee may (subject to Section 15), but shall not be obligated to, (i) accelerate,
vest or cause the restrictions to lapse with respect to all or any portion of an Award, (ii) cancel such Awards for fair value (as determined in the sole discretion of the Committee) which, in the case of Options and Stock Appreciation Rights,
may equal the excess, if any, of value of the consideration to be paid in the Change of Control transaction to holders of the same number of Shares subject to such Options or Stock Appreciation Rights (or, if no consideration is paid in any such
transaction, the Fair Market Value of the Shares 
  

 5 

 
subject to such Options or Stock Appreciation Rights) over the aggregate exercise price of such Options or Stock Appreciation Rights, (iii) provide for the issuance of substitute Awards that
will substantially preserve the otherwise applicable terms of any affected Awards previously granted hereunder as determined by the Committee in its sole discretion, or (iv) provide that for a period of at least 10 days prior to the Change of
Control, such Options shall be exercisable as to all Shares subject thereto and that upon the occurrence of the Change of Control, such Options shall terminate and be of no further force or effect. For the avoidance of doubt, pursuant to
(ii) above, the Committee may cancel Options and Stock Appreciation Rights for no consideration if the aggregate Fair Market Value of the Shares subject to such Options or Stock Appreciation Rights is less than or equal to the aggregate Option
Price of such Options or exercise price of such Stock Appreciation Rights. 
 9. No Right to Employment or
Awards. The granting of an Award under the Plan shall impose no obligation on Company or any of its Affiliates to continue the Employment of a Participant and shall not lessen or affect Company’s or any of its Affiliates’ right to
terminate the Employment of such Participant. No Participant or other Person shall have any claim to be granted any Award, and there is no obligation for uniformity of treatment of Participants, or holders or beneficiaries of Awards. The terms and
conditions of Awards and the Committee’s determinations and interpretations with respect thereto need not be the same with respect to each Participant (whether or not such Participants are similarly situated). 

10. Successors and Assigns. The Plan shall be binding on all successors and assigns of Company and the
Participants, including, without limitation, the estate of each such Participant and the executor, administrator or trustee of such estate, and any receiver or trustee in bankruptcy or any other representative of the Participant’s creditors.

 11. Nontransferability of Awards. Unless otherwise determined by the Committee, an Award shall not be
transferable or assignable by the Participant otherwise than by will or by the laws of descent and distribution. An Award exercisable after the death of a Participant may be exercised by the legatees, personal representatives or distributees of the
Participant. 
 12. Amendments or Termination. The Committee may amend, alter or discontinue the Plan, but
no amendment, alteration or discontinuation shall be made which, (a) without the approval of the shareholders of Company, would (except as is provided in Section 8) increase the total number of Shares reserved for the purposes of
the Plan or change the maximum number of Shares for which Awards may be granted to any Participant, or (b) without the consent of a Participant, would materially adversely impair any of the rights under any Award theretofore granted to such
Participant under the Plan; provided, however, that the Committee may amend the Plan in such manner as it deems necessary to permit the granting of Awards meeting the requirements of the Code or other applicable laws (including, without limitation,
to avoid adverse tax consequences to Company or any Participant). 
 Without limiting the generality of the
foregoing, to the extent applicable, notwithstanding anything herein to the contrary, this Plan and Awards issued hereunder shall be interpreted in accordance with Section 409A of the Code and Department of Treasury regulations and other
interpretative guidance issued thereunder, including without limitation any such regulations or other guidance that may be issued after the Effective Date. Notwithstanding any provision herein to the contrary, in the event the Committee determines
that any amounts payable hereunder will be taxable to a Participant under Section 409A of the Code and related Department of Treasury guidance prior to payment to such Participant of such amount, Company may (i) adopt such amendments to
the Plan and Awards and appropriate policies and procedures, including amendments and policies with retroactive effect, that the Committee determines necessary or appropriate to preserve the intended tax treatment of the benefits provided by the
Plan and Awards hereunder, and/or (ii) take such other actions as the Committee determines necessary or appropriate to avoid the imposition of an additional tax under Section 409A of the Code. 

13. Choice of Law. The Plan shall be governed by and construed in accordance with the laws of the State of Georgia
without regard to conflicts of laws. 
 14. Effectiveness of Plan. The Plan shall be effective as of the
Effective Date, subject to the approval of Company’s shareholders, as provided in Section 2 in the definition of “Effective Date.” 
  

 6 

 15. Section 409A. Notwithstanding other provisions of the Plan
or any Award agreements thereunder, no Award shall be granted, deferred, accelerated, extended, paid out or modified under this Plan in a manner that would result in the imposition of an additional tax under Section 409A of the Code upon a
Participant. In the event that it is reasonably determined by the Committee that, as a result of Section 409A of the Code, any payment or delivery of Shares in respect of any Award under the Plan may not be made at the time contemplated by the
terms of the Plan or the relevant Award agreement, as the case may be, without causing the Participant holding such Award to be subject to taxation under Section 409A of the Code, Company will make such payment or delivery of Shares on the
first day that would not result in the Participant incurring any tax liability under Section 409A of the Code. In the case of a Participant who is a “specified employee” (within the meaning of Section 409A(a)(2)(B)(i) of the
Code), any payment and/or delivery of Shares in respect of any Award subject to Section 409A of the Code that is linked to the date of the Participant’s separation from service shall not be made prior to the date which is six
(6) months after the date of such Participant’s separation from service from Company and its Affiliates, determined in accordance with Section 409A of the Code and the regulations promulgated thereunder. Company shall use commercially
reasonable efforts to implement the provisions of this Section 15 in good faith; provided that neither Company, the Committee nor any of Company’s employees, directors or representatives shall have any liability to Participants with
respect to this Section 15. 
  

 7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00177-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00177-of-00352.parquet"}]]