Document:

Exhibit

ADDENDUM TO LEASE AGREEMENT SIGNED DATED 13 FEBRUARY 2006  

This Addendum No: 2015/1029 is made on the 23 September 2015 between KEPPEL LOGISTICS PTE LTD, a Company incorporated under the laws of Singapore having its registered office at 1 Harbour Front Avenue, #18-01 Keppel Bay Tower, Singapore 098632 (hereinafter called “the Lessor”) and AFFYMETRIX PTE LTD, a Company incorporated under the laws of Singapore having its principal place of business at No.7 Gul Circle, #2M01 -10, Singapore 629563 (hereinafter called “ the Lessee”).

NOW IT IS HEREBY AGREED as follows: 

		
	1.
	Option for Extension:

The Lessee agrees to exercise its lease option in accordance with the Agreement for Lease for a period of Five (5) years only. 

The extended lease shall commence on 1st January 2016 and expire on 31st December 2020 based on the revised rent as set out in Schedule 1.   

The Lessee may lease the premises for One (1) further extensions of five (5) years each after 31st December 2020, provided that the Lessee shall no more than twelve (12) months nor less than six (6) months before the expiration of each extension of the Lease, give to the Lessor notice in writing of his desire and if the Lessee shall have paid all rent payable and shall have performed and observed the terms and conditions in the Lease Agreement up to the termination of the tenancy hereby created, the Lessor will let the Premises to the Lessee for a further term of Five (5) years at a rent to be decided between the Lessor, subject to any increase or decrease in rent not exceeding 10% of the rent in the preceding term, and the Lessee and upon the covenants and conditions contained in the Lease. 

All other terms and conditions as per Lease Agreement signed and dated 13 February 2006 remains unchanged.

IN WITNESS whereof, the parties hereinafter set their respective hands the day and year first above written.

For and on behalf of        For and on behalf of
KEPPEL LOGISTICS PTE LTD        AFFYMETRIX PTE LTD    

Name   : THOMAS PANG         Name   : FRANK WITNEY 
Title      : DIRECTOR        Title      : PRESIDENT & CEO
   

Name   : GAVIN WOOD
Title      : EVP FINANCE, CFO

    
Company’s Stamp        Company’s Stamp
                                                                                                  
Witnessed By:        Witnessed By:

Name   : DESMOND BOO        Name   : LINDA JUDGE  
Title      : GENERAL  MANAGER          Title      : DIRECTOR, 
   CORPORATE
   COUNSEL, LEGAL

1    1

AFFYMETRIX PTE LTD 

SCHEDULE 1

RATE SCHEDULE

SINGAPORE DOLLARS

Page 1 of 1
---------------------------------------------------------------------------------------------------------------------------
DESCRIPTION                        UNIT PRICE
---------------------------------------------------------------------------------------------------------------------------

A)    REVISED RENTAL FOR FIVE (5) YEARS RENEWAL  

	
			
	S/N
	Description
	Rental Rates (S$/per calendar month)

	Rental Rates Effective from 1st Year to 2nd Year from 1st January 2016 to 31st December 2017

	1
	Warehouse Space, 3rd Floor - 136,000 sq ft
	$146,340.00

	2
	Office Space - Unit No. #2M01-10 – 11,045 sq.ft.
	$19,097.10

	3
	Roof Top Open Space
	$850.00

	Rental Rates Effective 3rd Year to 5th Year from 1st Jan 2018 to 31 Dec 2020

	1
	Warehouse Space, 3rd Floor - 136,000 sq ft
	$149,050.00

	2
	Office Space - Unit No. #2M01-10 – 11,045 sq. ft.
	$19,450.75

	3
	Roof Top Open Space
	$850.00

** - Rates exclude utility charge and JTC subletting fees.
- Monthly rent to be paid in advance on the first day of each month.

======================================================================

THE RATES DO NOT INCLUDE GOODS AND SERVICES TAX (GST).

2Exhibit

 

SANTANDER CONSUMER USA HOLDINGS INC. 
OMNIBUS INCENTIVE PLAN 
FORM OF DIRECTOR RESTRICTED STOCK UNIT AWARD AGREEMENT

This DIRECTOR RESTRICTED STOCK UNIT AWARD AGREEMENT (this “Award Agreement”), dated as of [__________] (the “Date of Grant”), is made by and between Santander Consumer USA Holdings Inc., a Delaware corporation (the “Company”), and [__________] (the “Participant”).

RECITALS:

WHEREAS, the Company maintains the Santander Consumer USA Holdings Inc. Omnibus Incentive Plan (the “Plan”), which provides for, inter alia, the grant of Restricted Stock Units; and

WHEREAS, the Company’s Board of Directors (the “Board”) has determined that it would be in the best interests of the Company and its stockholders to grant to the Participant an Award of Restricted Stock Units, under the Company’s equity incentive program for members of the Board, on the terms and subject to the conditions set forth in the Plan and this Award Agreement.

NOW, THEREFORE, for and in consideration of the premises and the covenants of the parties contained in this Award Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, for themselves and their successors and assigns, hereby agree as follows:

		
	1.
	Grant of Restricted Stock Unit Award.

		
	a.
	Grant. The Company hereby grants to the Participant an award of Restricted Stock Units with respect to [__________] shares of Common Stock of the Company on the terms and subject to the conditions set forth in this Award Agreement and as otherwise provided in the Plan (the “RSUs”).

		
	b.
	Incorporation by Reference, Etc. The terms and conditions of the Plan are hereby incorporated herein by reference. Except as otherwise expressly set forth herein, this Award Agreement shall be construed in accordance with the terms and conditions of the Plan. Any capitalized terms not otherwise defined in this Award Agreement shall have the definitions set forth in the Plan. 

		
	2.
	Earning; Forfeiture; Other Terms and Conditions. The RSUs shall become earned by, and payable to, the Participant upon the terms and subject to the conditions of the Plan and this Award Agreement, in the amounts and on the dates shown on Exhibit 1 hereto.

		
	3.
	Dividend Equivalents; No Other Rights as Stockholder.

		
	a.
	Dividend Equivalents. If a cash dividend is paid with respect to the Common Stock, a cash dividend equivalent equal to the total cash dividend the Participant would have received had the RSUs been actual Shares shall be accumulated and paid in cash with respect to the portion of the RSUs that become earned and payable pursuant to Exhibit 1 hereto.

		
	b.
	No Other Rights. Except as provided in Section 3(a) above, until such time as the RSUs have been settled and the underlying Shares have been delivered to the Participant and the Participant has become the holder of record of such Shares, the Participant shall have no rights as a stockholder with respect to the RSUs, including, without limitation, the right to dividends and the right to vote.

		
	4.
	Tax Withholding. As a condition to delivery of Shares (and any related dividend equivalents) in respect of earned RSUs, the Participant shall pay to the Company, or, pursuant to Section 12(d) of the Plan, make provisions satisfactory to the Company regarding the payment of, all federal, state, local, and foreign taxes of any kind required by law to be withheld in respect of the transfer of Shares (and any related dividend equivalents) in settlement of the RSUs. The Company or any Affiliate shall have the right to withhold, or require the Participant to remit to the Company, an amount sufficient to satisfy all federal, state, local, and foreign taxes of any kind (including, without limitation, the Participant’s FICA and SDI obligations) that the Company, in its sole discretion, deems necessary to be withheld or remitted to comply with the Code or any other applicable law, rule, or regulation with respect to the RSUs and, if the Participant fails to do so, the Company may otherwise refuse to issue or transfer any Shares (and any related dividend equivalents) otherwise required to be issued pursuant to this Award Agreement.

		
	5.
	Non-Transferability. The RSUs may not, at any time, be assigned, alienated, pledged, attached, sold, or otherwise transferred or encumbered by the Participant other than by will or by the laws of descent and distribution, and any such purported assignment, alienation, pledge, attachment, sale, transfer, or encumbrance shall be void and unenforceable against the Company and its Affiliates; provided that the designation of a beneficiary shall not constitute an assignment, alienation, pledge, attachment, sale, transfer, or encumbrance. 

		
	6.
	Adjustment. Upon any event described in Section 13 of the Plan occurring after the Date of Grant, the adjustment provisions as provided for under Section 13 of the Plan shall apply to the RSUs.

		
	7.
	Change in Control. In the event of a Change in Control occurring after the Date of Grant, the Change in Control provisions as provided for under Section 14 of the Plan shall apply to the RSUs.

		
	8.
	Miscellaneous.

		
	a.
	Waiver and Amendment. The Committee may waive any conditions or rights under, or amend any terms of, this Award Agreement and the RSUs, subject to the terms and conditions of the Plan; provided that any such waiver or amendment that would materially impair the rights of the Participant with respect to the RSUs (other than any such amendment made to comply with applicable law, including, without limitation, Section 409A of the Code, Applicable Exchange listing standards, or accounting rules) shall not, to that extent, be effective without the consent of the Participant. No waiver of any right hereunder by any party shall operate as a waiver of any other right, or as a waiver of the same right with respect to any subsequent occasion for its exercise, or as a waiver of any right to damages. No waiver by any party of any breach of this Award Agreement shall be held to constitute a waiver of any other breach or a waiver of the continuation of the same breach.

		
	b.
	Unsecured Obligation. This Award is unfunded, and even as to any RSUs that become earned and payable, the Participant shall be considered an unsecured creditor of the Company with respect to the Company’s obligations, if any, to issue Shares pursuant to this Award Agreement. Nothing contained in this Award Agreement, and no action taken pursuant to its terms or conditions, shall create or be construed to create a trust of any kind or a fiduciary relationship between the Participant and the Company or any other person.

		
	c.
	Notices. All notices, demands, and other communications provided for or permitted under this Award Agreement shall be made in writing and shall be by registered or certified first-class mail (return receipt requested), facsimile, e-mail, courier service, or personal delivery:

if to the Company:     Santander Consumer USA Holdings Inc.
1601 Elm Street, Suite #800
Dallas, Texas 75201
Attention: General Counsel

and if to the Participant: at the address last on the records of the Company.

All such notices, demands, and other communications shall be deemed to have been duly given when delivered by hand, if personally delivered; when delivered by courier, if delivered by commercial courier service; five business days after being deposited in the mail, postage prepaid, if mailed; and when receipt is mechanically or electronically acknowledged, if by facsimile or e-mail.

		
	d.
	Severability. The invalidity or unenforceability of any provision of this Award Agreement shall not affect the validity or enforceability of any other provision of this Award Agreement, and each other provision of this Award Agreement shall be severable and enforceable to the extent permitted by law.

		
	e.
	No Rights to Service. Nothing contained in this Award Agreement shall be construed as giving the Participant any right to be retained, in any position, as a director, officer, employee, or consultant of the Company or its Affiliates, or shall interfere with or restrict in any way the rights of the Company or its Affiliates, which are hereby expressly reserved, to remove, terminate, or discharge the Participant at any time for any reason whatsoever or for no reason, subject to the Company’s articles of incorporation, bylaws, other similar governing documents, and applicable law.

		
	f.
	Beneficiary. The Participant may file with the Company a written designation of a beneficiary on such form as may be prescribed by the Committee and may, from time to time, change or revoke such designation by filing a new designation with the Company on such form as may be prescribed by the Committee. The last such designation received by the Company shall be controlling; provided, however, that no designation, or change or revocation thereof, shall be effective unless received by the Company prior to the Participant’s death, and in no event shall it be effective as of a date prior to such receipt. If no beneficiary designation is filed by the Participant, the beneficiary shall be deemed to be the Participant’s spouse or, if the Participant does not have a spouse at the time of death, the Participant’s estate.

		
	g.
	Successors. The obligations and rights of the Company under this Agreement shall be binding upon and inure to the benefit of the Company and any successor corporation or organization resulting from the merger, consolidation, sale, or other reorganization of the Company, or upon any successor corporation or organization succeeding to substantially all of the assets and business of the Company. The obligations and rights of the Participant under this Agreement shall be binding upon and inure to the benefit of the Participant and the beneficiaries, executors, administrators, heirs, and successors of the Participant.

		
	h.
	Entire Agreement. This Award Agreement and the Plan contain the entire agreement and understanding of the parties hereto with respect to the subject matter contained herein, and supersede all prior communications, representations, and negotiations with respect thereto. 

		
	i.
	Bound by Plans and Committee Decisions. By accepting this Award Agreement, the Participant acknowledges that the Participant has received a copy of the Plan, has had an opportunity to review the Plan, and agrees to be bound by all of the terms and conditions of the Plan. The authority to manage and control the operation and administration of this Award Agreement and the Plan shall be vested in the Committee, and the Committee shall have all powers with respect to this Award Agreement as it has with respect to the Plan. Any interpretation of this Award Agreement or the Plan by the Committee and any decision made by the Committee with respect to this Award Agreement or the Plan shall be final and binding on all persons.

		
	j.
	Section 409A. It is intended that this Award Agreement and the RSUs will be exempt from (or in the alternative will comply with) Section 409A of the Code, and this Award Agreement shall be administered accordingly and interpreted and construed on a basis consistent with such intent. This Section 8(j) shall not be construed as a guarantee of any particular tax effect for the Participant’s benefits under this Award Agreement and the Company does not guarantee that any such benefits will satisfy the provisions of Section 409A of the Code or any other provision of the Code.

		
	k.
	Governing Law; Consent to Jurisdiction; Consent to Venue. This Award Agreement shall be construed and interpreted in accordance with the internal laws of the State of Delaware without regard to principles of conflicts of law thereof, or principles of conflicts of laws of any other jurisdiction that could cause the application of the laws of any jurisdiction other than the State of Delaware, in each case as provided in the Plan. For purposes of resolving any dispute that arises directly or indirectly from the relationship of the parties evidenced by this Award or this Award Agreement, the parties hereto hereby submit to and consent to the exclusive jurisdiction of the State of Texas and agree that any related litigation shall be conducted solely in the courts of Dallas County, Texas or the federal courts for the United States for the Northern District of Texas, where this Award Agreement is made and/or to be performed, and no other courts.

		
	l.
	Headings. The headings of the sections hereof are provided for convenience only and are not to serve as a basis for interpretation or construction, and shall not constitute a part, of this Award Agreement.

		
	m.
	Signature in Counterparts. This Award Agreement may be signed in counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument.

		
	a.
	Compliance with Legal Requirements. The grant of the RSUs and the delivery of the Shares in settlement thereof, and any other obligations of the Company under this Award Agreement, shall be subject to all applicable laws, rules, and regulations and to such approvals by any regulatory or governmental agency as may be required. Subject to Section 8(j) of this Award Agreement, the Committee, in its sole discretion, may postpone the issuance or delivery of Shares as the Committee may consider appropriate and may require the Participant to make such representations and furnish such information as it may consider appropriate in connection with the issuance or delivery of Shares in compliance with applicable laws, rules, and regulations.

[Remainder of page intentionally left blank; signature page to follow]

IN WITNESS WHEREOF, the parties hereto have executed this Award Agreement as of the Date of Grant.

SANTANDER CONSUMER USA HOLDINGS INC.

By:    _____________________________________ 
Name: 
Title:

PARTICIPANT

By:     _____________________________________ 
Name:

Exhibit 1 to Director Restricted Stock Unit Award Agreement
PAYMENT OF RESTRICTED STOCK UNITS
1.    Payment Schedule.  Subject to the terms and conditions of Sections 2 and 3 of this Exhibit 1, the RSUs (and any related dividend equivalents) shall become earned and payable if the Participant has not incurred a Termination of Service prior to the applicable payment date, as follows.
	
		
	Payment date*
	Number of RSUs eligible to become earned and payable

	[●]
	[●]%

*Delivery of Shares shall occur within [●] days after the applicable payment date.
2.    Form of Payment.  Payment of RSUs shall be made in the form of one Share for each RSU that is payable.  Only a whole number of RSUs shall become payable as of any given payment date.  If the number of RSUs determined as of a payment date is a fractional number, the number payable shall be rounded down to the nearest whole number with any fractional portion carried forward.  Payment of any related dividend equivalents shall be made in cash in accordance with Section 3(a) of the Award Agreement.
3.    Impact of Termination of Service on RSUs.  If the Participant incurs a Termination of Service prior to any of the above payment dates, then any unearned RSUs (and any related dividend equivalents) shall become earned and payable or be forfeited depending on the reason for Termination of Service as follows.
(a)    Terminations Due to [●].  If the Participant incurs a Termination of Service due to [●], then any unearned RSUs (and any related dividend equivalents) shall become immediately earned and payable.
(b)    Other Terminations.  If the Participant incurs a Termination of Service for any reason other than one specified in Section 3(a) of this Exhibit 1 and other than for Cause, then with respect to any RSUs (and any related dividend equivalents) that were not already earned and settled as of the date of such Termination of Service, [●] shall become earned and payable as of that date (based on [●]), and to the extent the RSUs do not thereby become earned and payable, they shall be forfeited as of the date of Termination of Service.
(c)    Termination for Cause.  If the Participant incurs a Termination of Service for Cause, then any RSUs (and any related dividend equivalents) shall be forfeited in their entirety as of that date.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00250-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00250-of-00352.parquet"}]]