Document:

EX-10.3

 Exhibit 10.3 

EXECUTION VERSION 
 

 
 JPMorgan Chase Bank, National Association 

London Branch 
 25 Bank Street 

Canary Wharf 
 London E14 5JP 

England 
 June 12, 2014 

 

	To:	ARIAD Pharmaceuticals Inc. 

 26 Lansdowne Street 

Cambridge, Massachusetts 02139 
  

	Re:	Base Warrants 

 The purpose of this letter agreement (this “Confirmation”) is
to confirm the terms and conditions of the Warrants issued by ARIAD Pharmaceuticals Inc. (“Company”) to JPMorgan Chase Bank, National Association, London Branch (“JPMorgan”) as of the Trade Date specified below (the
“Transaction”). This letter agreement constitutes a “Confirmation” as referred to in the ISDA Master Agreement specified below. This Confirmation shall replace any previous agreements and serve as the final documentation
for the Transaction. 
 The definitions and provisions contained in the 2002 ISDA Equity Derivatives Definitions (the “Equity
Definitions”), as published by the International Swaps and Derivatives Association, Inc. (“ISDA”), are incorporated into this Confirmation. In the event of any inconsistency between the Equity Definitions and this
Confirmation, this Confirmation shall govern. 
 Each party is hereby advised, and each such party acknowledges, that the other party has
engaged in, or refrained from engaging in, substantial financial transactions and has taken other material actions in reliance upon the parties’ entry into the Transaction to which this Confirmation relates on the terms and conditions set forth
below. 
 1. This Confirmation evidences a complete and binding agreement between JPMorgan and Company as to the terms of the Transaction to which this
Confirmation relates. This Confirmation shall supplement, form a part of, and be subject to an agreement in the form of the 2002 ISDA Master Agreement (the “Agreement”) as if JPMorgan and Company had executed an agreement in such
form (but without any Schedule except for the election of the laws of the State of New York as the governing law (without reference to choice of law doctrine)) on the Trade Date. In the event of any inconsistency between provisions of that Agreement
and this Confirmation, this Confirmation will prevail for the purpose of the Transaction to which this Confirmation relates. The parties hereby agree that no Transaction other than the Transaction to which this Confirmation relates shall be governed
by the Agreement. 
 2. The Transaction is a Warrant Transaction, which shall be considered a Share Option Transaction for purposes of the Equity
Definitions. The terms of the particular Transaction to which this Confirmation relates are as follows: 
  

							
		 	General Terms.	  	
				
		 		  	Trade Date:	  	June 12, 2014
				
		 		  	Effective Date:	  	The third Exchange Business Day immediately prior to the Premium Payment Date

  
 JPMorgan Chase Bank,
National Association 
 Organised under the laws of the United States as a National Banking Association. 

Main Office 1111 Polaris Parkway, Columbus, Ohio 43240 

Registered as a branch in England & Wales branch No. BR000746 

Registered Branch Office 25 Bank Street, Canary Wharf, London E14 5JP 

Authorised by the Office of the Comptroller of the Currency in the jurisdiction of the USA. 

Authorised by the Prudential Regulation Authority. Subject to regulation by the Financial Conduct 

Authority and to limited regulation by the Prudential Regulation Authority. Details about the 

extent of our regulation by the Prudential Regulation Authority are available from us on request. 

							
				
		 		  	Warrants:	  	Equity call warrants, each giving the holder the right to purchase a number of Shares equal to the Warrant Entitlement at a price per Share equal to the Strike Price, subject to the terms set forth under the caption “Settlement
Terms” below. For the purposes of the Equity Definitions, each reference to a Warrant herein shall be deemed to be a reference to a Call Option.
				
		 		  	Warrant Style:	  	European
				
		 		  	Seller:	  	Company
				
		 		  	Buyer:	  	JPMorgan
				
		 		  	Shares:	  	The common stock of Company, par value USD 0.001 per share (Exchange symbol “ARIA”)
				
		 		  	Number of Warrants:	  	21,501,900. For the avoidance of doubt, the Number of Warrants shall be reduced by any Warrants exercised or deemed exercised hereunder. In no event will the Number of Warrants be less than zero.
				
		 		  	Warrant Entitlement:	  	One Share per Warrant
				
		 		  	Strike Price:	  	USD 12.00.
				
		 		  		  	Notwithstanding anything to the contrary in the Agreement, this Confirmation or the Equity Definitions, in no event shall the Strike Price be subject to adjustment to the extent that, after giving effect to such adjustment, the
Strike Price would be less than USD 7.02, except for any adjustment pursuant to the terms of this Confirmation and the Equity Definitions in connection with stock splits or similar changes to Company’s capitalization.
				
		 		  	Premium:	  	USD 27,580,000
				
		 		  	Premium Payment Date:	  	June 17, 2014
				
		 		  	Exchange:	  	The NASDAQ Global Select Market
				
		 		  	Related Exchange(s):	  	All Exchanges
			
		 	Procedures for Exercise.	  	
				
		 		  	Expiration Time:	  	The Valuation Time
				
		 		  	Expiration Dates:	  	Each Scheduled Trading Day during the period from, and including, the First Expiration Date to, but excluding, the 100th Scheduled Trading Day following the First Expiration Date
shall be an “Expiration Date” for a number of Warrants equal to the Daily Number of Warrants on such date; provided that, notwithstanding anything to the contrary in the Equity Definitions, if any such date is a Disrupted Day, the
Calculation Agent shall make adjustments, if applicable, to the Daily Number of Warrants or shall reduce such Daily Number of Warrants to zero for which such day shall be an Expiration
Date

  
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		 		  		  	and shall designate a Scheduled Trading Day or a number of Scheduled Trading Days as the Expiration Date(s) for the remaining Daily Number of Warrants or a portion thereof for the originally scheduled Expiration Date; and
provided further that if such Expiration Date has not occurred pursuant to this clause as of the eighth Scheduled Trading Day following the last scheduled Expiration Date under the Transaction, the Calculation Agent shall have the right to
declare such Scheduled Trading Day to be the final Expiration Date and the Calculation Agent shall determine its good faith estimate of the fair market value for the Shares as of the Valuation Time on that eighth Scheduled Trading Day or on any
subsequent Scheduled Trading Day, as the Calculation Agent shall determine using commercially reasonable means.
				
		 		  	First Expiration Date:	  	September 15, 2019 (or if such day is not a Scheduled Trading Day, the next following Scheduled Trading Day), subject to Market Disruption Event below.
				
		 		  	Daily Number of Warrants:	  	For any Expiration Date, the Number of Warrants that have not expired or been exercised as of such day, divided by the remaining number of Expiration Dates (including such day), rounded down to the nearest whole number,
subject to adjustment pursuant to the provisos to “Expiration Dates”.
				
		 		  	Automatic Exercise:	  	Applicable; and means that for each Expiration Date, a number of Warrants equal to the Daily Number of Warrants for such Expiration Date will be deemed to be automatically exercised at the Expiration Time on such Expiration
Date.
				
		 		  	Market Disruption Event:	  	Section 6.3(a) of the Equity Definitions is hereby amended by replacing clause (ii) in its entirety with “(ii) an Exchange Disruption, or” and inserting immediately following clause (iii) the phrase “; in each case
that the Calculation Agent determines is material.”
				
		 		  		  	Section 6.3(d) of the Equity Definitions is hereby amended by deleting the remainder of the provision following the words “Scheduled Closing Time” in the fourth line thereof.
			
		 	Valuation Terms.	  	
				
		 		  	Valuation Time:	  	Scheduled Closing Time; provided that if the principal trading session is extended, the Calculation Agent shall determine the Valuation Time in its reasonable discretion.
				
		 		  	Valuation Date:	  	Each Exercise Date.

  
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		 	Settlement Terms.	  	
				
		 		  	Settlement Method Election:	  	Applicable; provided that:
				
		 		  		  	(i) the reference to “Physical Settlement” in the first sentence of Section 7.1 of the Equity Definitions shall be replaced by a reference to “Net Share Settlement or Combination Settlement”;
				
		 		  		  	(ii) the following words shall be inserted at the end of the first sentence of Section 7.1 of the Equity Definitions:
				
		 		  		  	“and, if Combination Settlement is elected, the percentage of the Company’s settlement obligations that shall be settled in cash, which percentage shall be greater than 0% and less than 100% (the “Cash
Percentage”); provided that if the Electing Party elects Combination Settlement and does not validly elect a Cash Percentage, the Default Settlement Method shall apply”;
				
		 		  		  	(iii) Company may elect Cash Settlement or Combination Settlement only if Company represents and warrants to JPMorgan in writing on the date of such election that (A) Company is not in possession of any material non-public
information regarding Company or the Shares, (B) Company is electing Cash Settlement or Combination Settlement, as the case may be, in good faith and not as part of a plan or scheme to evade compliance with the federal securities laws, and (C) the
assets of Company at their fair valuation exceed the liabilities of Company (including contingent liabilities), the capital of Company is adequate to conduct the business of Company, and Company has the ability to pay its debts and obligations as
such debts mature and does not intend to, or does not believe that it will, incur debt beyond its ability to pay as such debts mature; and
				
		 		  		  	(iv) the same election of settlement method (and, if Combination Settlement applies, the same Cash Percentage) shall apply to all Expiration Dates hereunder.
				
		 		  	Electing Party:	  	Company
				
		 		  	Settlement Method Election Date:	  	The third Scheduled Trading Day immediately preceding the First Expiration Date.
				
		 		  	Default Settlement Method:	  	Net Share Settlement
				
		 		  	Net Share Settlement:	  	If Net Share Settlement is applicable, then on the relevant Settlement Date, Company shall deliver to JPMorgan a number of Shares equal to the Share Delivery Quantity for such Settlement Date to the account specified herein free of
payment through the Clearance System, and JPMorgan shall be treated as the holder of record of such Shares at the time of delivery of such Shares or, if earlier, at 5:00 p.m. (New York City time) on such Settlement Date, and Company shall pay to
JPMorgan cash in lieu of any fractional Share based on the Settlement Price on the relevant Valuation Date.

  
 4 

							
				
		 		  	Share Delivery Quantity:	  	For any Settlement Date, a number of Shares, as calculated by the Calculation Agent, equal to the Cash Settlement Amount for such Settlement Date divided by the Settlement Price on the Valuation Date for such Settlement
Date.
				
		 		  	Cash Settlement Amount:	  	For any Settlement Date, an amount equal to the product of (i) the number of Warrants exercised or deemed exercised on the relevant Exercise Date, (ii) the Strike Price Differential for the relevant Valuation Date and (iii) the
Warrant Entitlement.
				
		 		  	Cash Settlement:	  	If Cash Settlement is applicable, on the relevant Settlement Date, Company shall pay to JPMorgan an amount of cash in USD equal to the Cash Settlement Amount for such Settlement Date.
				
		 		  	Combination Settlement:	  	If Combination Settlement is applicable, on the relevant Settlement Date, Company shall (i) deliver to JPMorgan a number of Shares equal to the product of (a) 100% less the Cash Percentage and (b) the Share
Delivery Quantity for such Settlement Date to the account specified herein free of payment through the Clearance System, and JPMorgan shall be treated as the holder of such Shares at the time of delivery of such Shares or, if earlier, at 5:00 p.m.
(New York City time) on such Settlement Date and (ii) pay to JPMorgan an amount of cash in USD equal to the product of (a) the Cash Percentage and (b) the Cash Settlement Amount for such Settlement Date, and Company shall pay to
JPMorgan cash in lieu of any fractional Share based on the Settlement Price on the relevant Valuation Date
				
		 		  	Settlement Price:	  	For any Valuation Date, the per Share volume-weighted average price as displayed under the heading “Bloomberg VWAP” on Bloomberg page “ARIA <equity> VAP” (or any successor thereto) in respect of the period
from the scheduled opening time of the Exchange to the Scheduled Closing Time on such Valuation Date (or if such volume-weighted average price is unavailable, the market value of one Share on such Valuation Date, as determined by the Calculation
Agent based on such sources as it deems appropriate using a volume-weighted average price method). Notwithstanding the foregoing, if (i) any Expiration Date is a Disrupted Day and (ii) the Calculation Agent determines that such Expiration Date shall
be an Expiration Date for fewer than the Daily Number of Warrants, as described above, then the Settlement Price for the relevant Valuation Date shall be the volume-weighted average price per Share on such Valuation Date on the Exchange, as
determined by the Calculation Agent based on such sources as it deems appropriate using a volume-weighted methodology, for the portion of such Valuation Date for which the Calculation Agent determines there is no Market Disruption
Event.

  
 5 

							
				
		 		  	Settlement Dates:	  	As determined pursuant to Section 9.4 of the Equity Definitions, subject to Section 9(k)(i) hereof; provided that Section 9.4 of the Equity Definitions is hereby amended by (i) inserting the words “or cash”
immediately following the word “Shares” in the first line thereof and (ii) inserting the words “for the Shares” immediately following the words “Settlement Cycle” in the second line thereof.
				
		 		  	Other Applicable Provisions:	  	If Net Share Settlement or Combination Settlement is applicable, the provisions of Sections 9.1(c), 9.8, 9.9, 9.11, 9.12 and 10.05 of the Equity Definitions will be applicable, except that all references in such provisions to
“Physically-settled” shall be read as references to “Share Settled.” “Share Settled” in relation to any Warrant means that Net Share Settlement or Combination Settlement is applicable to that Warrant.
				
		 		  	Representation and Agreement:	  	Notwithstanding Section 9.11 of the Equity Definitions, the parties acknowledge that any Shares delivered to JPMorgan may be, upon delivery, subject to restrictions and limitations arising from Company’s status as issuer of the
Shares under applicable securities laws.

  

	3.	Additional Terms applicable to the Transaction. 

  

							
		 	Adjustments applicable to the Transaction:
				
		 		  	Method of Adjustment:	  	Calculation Agent Adjustment. For the avoidance of doubt, in making any adjustments under the Equity Definitions, the Calculation Agent may make adjustments, if any, to any one or more of the Strike Price, the Number of Warrants,
the Daily Number of Warrants and the Warrant Entitlement. Notwithstanding the foregoing, any cash dividends or distributions on the Shares, whether or not extraordinary, shall be governed by Section 9(f) of this Confirmation in lieu of Article
10 or Section 11.2(c) of the Equity Definitions.
		
		 	Extraordinary Events applicable to the Transaction:
				
		 		  	New Shares:	  	Section 12.1(i) of the Equity Definitions is hereby amended (a) by deleting the text in clause (i) thereof in its entirety (including the word “and” following clause (i)) and replacing it with the phrase “publicly
quoted, traded or listed on any of the New York Stock Exchange, The NASDAQ Global Select Market or The NASDAQ Global Market (or their respective successors)” and (b) by inserting immediately prior to the period the phrase “and (iii) of an
entity or person that is a corporation organized under the laws of the United States, any State thereof or the District of Columbia that also becomes Company under the Transaction following such Merger Event or Tender
Offer”.

  
 6 

							
		
		 	Consequence of Merger Events:
				
		 		  	Merger Event:	  	Applicable; provided that if an event occurs that constitutes both a Merger Event under Section 12.1(b) of the Equity Definitions and an Additional Termination Event under Section 9(h)(ii)(B) of this Confirmation, JPMorgan
may elect, in its commercially reasonable judgment, whether the provisions of Section 12.2 of the Equity Definitions or Section 9(h)(ii)(B) will apply.
				
		 		  	 Share-for-Share:
	  	Modified Calculation Agent Adjustment
				
		 		  	 Share-for-Other:
	  	Cancellation and Payment (Calculation Agent Determination)
				
		 		  	 Share-for-Combined:
	  	Cancellation and Payment (Calculation Agent Determination); provided that JPMorgan may elect, in its commercially reasonable judgment, Modified Calculation Agent Adjustment) for all or any portion of the
Transaction.
		
		 	Consequence of Tender Offers:
				
		 		  	Tender Offer:	  	Applicable; provided that if an event occurs that constitutes both a Tender Offer under Section 12.1(d) of the Equity Definitions and Additional Termination Event under Section 9(h)(ii)(A) of this Confirmation, JPMorgan may
elect, in its commercially reasonable judgment, whether the provisions of Section 12.3 of the Equity Definitions or Section 9(h)(ii)(A) will apply.
				
		 		  	 Share-for-Share:
	  	Modified Calculation Agent Adjustment
				
		 		  	 Share-for-Other:
	  	Modified Calculation Agent Adjustment
				
		 		  	 Share-for-Combined:
	  	Modified Calculation Agent Adjustment
			
		 	Announcement Event:	  	If an Announcement Date occurs in respect of a Merger Event (for the avoidance of doubt, determined without regard to the language in the definition of “Merger Event” following the definition of “Reverse Merger”
therein) or Tender Offer (such occurrence, an “Announcement Event”), then on the earliest of the Expiration Date, Early Termination Date or other date of cancellation (the “Announcement Event Adjustment Date”) in
respect of each Warrant, the Calculation Agent will determine the economic effect on such Warrant of the relevant event (regardless of whether the Announcement Event actually results in a Merger Event or Tender Offer, and taking into account such
factors as the Calculation Agent may determine, including, without limitation, changes in volatility, expected dividends, stock loan rate or liquidity relevant to the Shares or the Transaction whether prior to or after the Announcement Event or for
any period of time, including, without limitation, the period from the Announcement Event to the relevant Announcement Event Adjustment Date). If the Calculation Agent determines that such economic effect on any Warrant is material, then on the
Announcement Event Adjustment

  
 7 

							
		 		  		  	Date for such Warrant, the Calculation Agent may make such adjustment to the exercise, settlement, payment or any other terms of such Warrant as the Calculation Agent determines appropriate to account for such economic effect, which
adjustment shall be effective immediately prior to the exercise, termination or cancellation of such Warrant, as the case may be.
			
		 	Announcement Date:	  	The definition of “Announcement Date” in Section 12.1 of the Equity Definitions is hereby amended by (i) replacing the words “a firm” with the word “any” in the second and fourth lines thereof, (ii)
replacing the word “leads to the” with the words “, if completed, would lead to a” in the third and the fifth lines thereof, (iii) replacing the words “voting shares” with the word “Shares” in the fifth line
thereof, and (iv) inserting the words “by any entity” after the word “announcement” in the second and the fourth lines thereof.
			
		 	Nationalization, Insolvency or Delisting:	  	Cancellation and Payment (Calculation Agent Determination); provided that, in addition to the provisions of Section 12.6(a)(iii) of the Equity Definitions, it will also constitute a Delisting if the Exchange is located in the
United States and the Shares are not immediately re-listed, re-traded or re-quoted on any of the New York Stock Exchange, The NASDAQ Global Select Market or The NASDAQ Global Market (or their respective successors); if the Shares are immediately
re-listed, re-traded or re-quoted on any of the New York Stock Exchange, The NASDAQ Global Select Market or The NASDAQ Global Market (or their respective successors), such exchange or quotation system shall thereafter be deemed to be the
Exchange.
			
		 	Additional Disruption Events:	  	
				
		 		  	Change in Law:	  	Applicable; provided that Section 12.9(a)(ii) of the Equity Definitions is hereby amended by (i) replacing the word “Shares” with the phrase “Hedge Positions of a type generally used by such party in
transactions of a type similar to the Transaction” in clause (X) thereof, (ii) inserting the parenthetical “(including, for the avoidance of doubt and without limitation, adoption or promulgation of new regulations authorized or
mandated by existing statute)” at the end of clause (A) thereof and (iii) adding the following proviso to the end of clause (Y) thereof: “provided that (1) such party has used commercially reasonable efforts to avoid such increased
cost on terms reasonably acceptable to such party, as long as (i) such party would not incur a materially increased cost (including, without limitation, due to any increase in tax liability, decrease in tax benefit or other adverse effect on its tax
position), as reasonably determined by such party, in doing so, (ii) such party would not violate any applicable law, rule, regulation or policy of such party, as reasonably determined by such party, in doing so,
(iii)

  
 8 

							
		 		  		  	such party would not suffer a material penalty, injunction, non-financial burden, reputational harm or other material adverse consequence in doing so, (iv) such party would not incur any material operational or administrative burden
in doing so and (v) such party would not, in doing so, be required to take any action that is contrary to the intent of the law or regulation that is subject to the Change in Law and (2) JPMorgan may exercise its termination right with respect to
such event described in this clause (Y) only if JPMorgan is generally exercising its rights to terminate or adjust as a result of such event with respect to any similarly situated customers in the context of the event constituting such Change in
Law”.
				
		 		  	Failure to Deliver:	  	Not Applicable
				
		 		  	Insolvency Filing:	  	Applicable
				
		 		  	Hedging Disruption:	  	Applicable; provided that:
				
		 		  		  	 (i) Section 12.9(a)(v) of the Equity Definitions is hereby amended by (a) inserting the following words at the end of clause
(A) thereof: “in the manner contemplated by the Hedging Party on the Trade Date” and (b) inserting the following two phrases at the end of such Section:

“For the avoidance of doubt, the term “equity price risk” shall be deemed to include, but shall not be limited to, stock price and volatility
risk. And, for the further avoidance of doubt, any such transactions or assets referred to in phrases (A) or (B) above must be available on commercially reasonable pricing terms. Any inability of the Hedging Party referred to in phrases (A) and (B)
above that is solely attributable to the deterioration of the creditworthiness of the Hedging Party shall not be deemed a Hedging Disruption.”; and

(ii)    Section 12.9(b)(iii) of the Equity Definitions is hereby amended by inserting in the third
line thereof, after the words “to terminate the Transaction”, the words “or a portion of the Transaction affected by such Hedging Disruption”.

		 		  		  
		 		  		  
				
		 		  	Increased Cost of Hedging:	  	Applicable
				
		 		  	Loss of Stock Borrow:	  	Applicable
				
		 		  	 Maximum Stock Loan Rate:
	  	100 basis points
				
		 		  	Increased Cost of Stock Borrow:	  	Applicable
				
		 		  	 Initial Stock Loan Rate:
	  	0 basis points until June 15, 2019 and 25 basis points thereafter.

  
 9 

							
		 		 	Hedging Party:	  	For all applicable Additional Disruption Events, JPMorgan.
			
		 	Determining Party:	  	For all applicable Extraordinary Events, JPMorgan.
			
		 	Non-Reliance:	  	Applicable
			
		 	Agreements and Acknowledgments Regarding Hedging Activities:	  	Applicable
			
		 	Additional Acknowledgments:	  	Applicable
				
		 		 		  	

  

	4.	Calculation Agent: 

							
				
		 		 		  	JPMorgan; provided that all determinations made by Calculation Agent shall be made in good faith and in a commercially reasonable manner; provided further that (i) upon receipt of written request from Company, the
Calculation Agent shall promptly provide Company with a written explanation describing in reasonable detail any calculation, adjustment, or determination made by it (including any quotation, market data or information from internal or external
sources used in making such calculation, adjustment or determination, as the case may be, but without disclosing Calculation Agent’s proprietary models or other information that may be proprietary or confidential) and shall use commercially
reasonable efforts to provide such written explanation within five (5) Exchange Business Days from receipt of such request, (ii) if an Event of Default described in Section 5(a)(vii) of the Agreement has occurred and is continuing with respect to
JPMorgan, the Calculation Agent shall be a leading recognized dealer in equity derivatives designated in good faith by Company for so long as such Event of Default is continuing and (iii) if Company promptly disputes in writing any calculation,
adjustment or determination and provides reasonable detail as to the basis for such dispute, the Calculation Agent shall, to the extent permitted by applicable law (as reasonably determined by the Calculation Agent), discuss the dispute with
Company, it being understood that the Calculation Agent’s calculation, adjustment or determination (as modified, if modified by the Calculation Agent) shall apply to the Transaction.

 

	5.	Account Details. 

  

	 	(a)	Account for payments to Company: 

  
 10 

	 	(b)	Account for payments to JPMorgan: 

  

	6.	Offices. 

  

	 	(a)	The Office of Company for the Transaction is: Inapplicable, Company is not a Multibranch Party. 

  

	 	(b)	The Office of JPMorgan for the Transaction is: London 

 JPMorgan Chase Bank, National
Association 
 London Branch 

25 Bank Street 
 Canary Wharf 

London E14 5JP 
 England 

 

	7.	Notices.  

  

	 	(a)	Address for notices or communications to Company: 

  

			
	 ARIAD Pharmaceuticals Inc.

	 26 Lansdowne Street

	 Cambridge, Massachusetts 02139

	 Attention:
	  	Chief Financial Officer
	 Telephone No.:
	  	617-494-0400
	
	 With a copy to:

	
	 Jonathan Kravetz

	 Mintz Levin
	  	
	 One Financial Center

	 Boston, Massachusetts 02111

  

	 	(b)	Address for notices or communications to JPMorgan: 

  

			
	 JPMorgan Chase Bank, National Association

	 EDG Marketing Support

	 Email:
	  	edg_notices@jpmorgan.com
		  	edg_ny_corporate_sales_support@jpmorgan.com
	 Facsimile No:
	  	1-866-886-4506

  
 11 

			
	 With a copy to:

		
	 Attention:
	  	Santosh Sreenivasan
	 Title:
	  	Managing Director, Head of Equity-Linked Capital Markets, Americas
	 Telephone No:
	  	1-212-622-5604
	 Fax No.:
  
	  	1-212-622-6037

	8.	Representations and Warranties of Company. 

 Each of the
representations and warranties of Company set forth in Section 3 of the Purchase Agreement (the “Purchase Agreement”), dated as of June 12, 2014, between Company and J.P. Morgan Securities LLC, as representative of the
Initial Purchasers party thereto (the “Initial Purchasers”), are true and correct and are hereby deemed to be repeated to JPMorgan as if set forth herein. Company hereby further represents and warrants to JPMorgan, and, as to
representations made by “each of the parties” or “either of the parties”, each party represents as to itself to the other party, on the date hereof and on and as of the Premium Payment Date and, in the case of the representations
in Section 8(d), at all times until termination of the Transaction, that: 
  

	 	(a)	Each of the parties has all necessary corporate power and authority to execute, deliver and perform its obligations in respect of the Transaction; such execution, delivery and performance have been duly authorized by
all necessary corporate action on such party’s part; and this Confirmation has been duly and validly executed and delivered by such party and constitutes its valid and binding obligation, enforceable against it in accordance with its terms,
subject to applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and similar laws affecting creditors’ rights and remedies generally, and subject, as to enforceability, to general principles of equity, including
principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at law or in equity) and except that rights to indemnification and contribution hereunder may be limited by federal or
state securities laws or public policy relating thereto. 

  

	 	(b)	Each party represents to the other party that neither the execution and delivery of this Confirmation nor the incurrence or performance of obligations of such party hereunder will conflict with or result in a breach of
the certificate of incorporation or by-laws (or any equivalent documents) of such party, or any applicable law or regulation, or any order, writ, injunction or decree of any court or governmental authority or
agency, or any agreement or instrument to which such party or any of its subsidiaries is a party or by which it or any of its subsidiaries is bound or to which it or any of its subsidiaries is subject, or constitute a default under, or result in the
creation of any lien under, any such agreement or instrument. 

  

	 	(c)	Each party represents to the other party that no consent, approval, authorization, or order of, or filing with, any governmental agency or body or any court is required in connection with the execution, delivery or
performance of this Confirmation by such party, except such as have been obtained or made and such as may be required under the Securities Act of 1933, as amended (the “Securities Act”) or state securities laws. 

 

	 	(d)	A number of Shares equal to the Maximum Number of Shares (as defined below) (the “Warrant Shares”) have been reserved for issuance by all required corporate action of Company. The Warrant Shares have
been duly authorized and, when delivered against payment therefor (which may include Net Share Settlement or Combination Settlement in lieu of cash) and otherwise as contemplated by the terms of the Warrants following the exercise of the Warrants in
accordance with the terms and conditions of the Warrants, will be validly issued, fully-paid and non-assessable, and the issuance of the Warrant Shares will not be subject to any preemptive or similar rights. 

  
 12 

	 	(e)	Each of the parties is not and, after consummation of the transactions contemplated hereby, will not be required to register as an “investment company” as such term is defined in the Investment Company Act of
1940, as amended. 

  

	 	(f)	Each of the parties is an “eligible contract participant” (as such term is defined in Section 1a(18) of the Commodity Exchange Act, as amended, other than a person that is an eligible contract participant
under Section 1a(18)(C) of the Commodity Exchange Act). 

  

	 	(g)	Company and each of its affiliates is not, on the date hereof, in possession of any material non-public information with respect to Company or the Shares. 

 

	 	(h)	No state or local (including any non-U.S. jurisdiction’s) law, rule, regulation or regulatory order applicable to the Shares would give rise to any reporting, consent, registration or other requirement (including
without limitation a requirement to obtain prior approval from any person or entity) as a result of JPMorgan or its affiliates owning or holding (however defined) Shares. 

 

	 	(i)	Company (A) is capable of evaluating investment risks independently, both in general and with regard to all transactions and investment strategies involving a security or securities; (B) will exercise
independent judgment in evaluating the recommendations of any broker-dealer or its associated persons, unless it has otherwise notified the broker-dealer in writing; and (C) has total assets of at least $50 million. 

 

	 	(j)	Company has delivered to JPMorgan resolutions of Company’s board of directors validly designating each of JPMorgan and its permitted assignees and transferees hereunder and its and their “Affiliates” and
“Associates” as an “Exempt Person” (each, as defined in the Rights Agreement) under the Rights Agreement (such exemption, the “Rights Agreement Exemption”). 

 

	9.	Other Provisions. 

  

	 	(a)	Opinions; Rights Agreement Exemption. 

  

	 	(i)	On the Premium Payment Date, Company shall deliver to JPMorgan an opinion of counsel, dated as of the Premium Payment Date, with respect to the matters set forth in Sections 8(a) through (d) of this Confirmation.
Delivery of such opinion to JPMorgan shall be a condition precedent for the purpose of Section 2(a)(iii) of the Agreement with respect to each obligation of JPMorgan under Section 2(a)(i) of the Agreement. 

 

	 	(ii)	From the Premium Payment Date until the earlier of the Rights Agreement Termination Date and the final Settlement Date, as long as the conditions set forth in the Rights Agreement Exemption Letter (the
“Exemption Letter”), dated as of the date hereof, between Company and JPMorgan (such conditions, the “Exemption Conditions”) are satisfied, Company shall ensure that the Rights Agreement Exemption remains in full
force and effect and shall not be modified (unless JPMorgan shall have agreed in writing to such modification). Company shall notify JPMorgan within one Business Day of the Rights Agreement Termination Date. 

Company agrees to indemnify and hold harmless each Indemnified Person (as defined below) from and against any and all losses (including losses
relating to JPMorgan’s or its Affiliate’s hedging activities as a consequence of becoming, or of the risk of becoming, an “Acquiring Person” (as defined in the Rights Agreement), including without limitation, any forbearance from
hedging activities or cessation of hedging activities and any losses in connection therewith with respect to the Transaction), claims, damages, judgments, liabilities and expenses (including reasonable attorney’s fees), joint or several, which
an Indemnified Person may become subject to, as a result of Company’s failure to ensure that, as long as the Exemption Conditions are satisfied, the Rights Agreement Exemption remains in full force and effect and is not modified (unless
JPMorgan shall 

  
 13 

 
have agreed in writing to such modification) until the earlier of the Rights Agreement Termination Date and the final Settlement Date, and to reimburse, within 30 days, upon written request, each
of such Indemnified Persons for any reasonable legal or other expenses incurred in connection with investigating, preparing for, providing testimony or other evidence in connection with or defending any of the foregoing. If any suit, action,
proceeding (including any governmental or regulatory investigation), claim or demand shall be brought or asserted against the Indemnified Person as a result of Company’s failure to ensure that as long as the Exemption Conditions are satisfied,
the Rights Agreement Exemption remains in full force and effect and is not modified (unless JPMorgan shall have agreed in writing to such modification) until the earlier of the Rights Agreement Termination Date and the final Settlement Date, such
Indemnified Person shall promptly notify Company in writing, and Company, upon request of the Indemnified Person, shall retain counsel reasonably satisfactory to the Indemnified Person to represent the Indemnified Person and any others Company may
designate in such proceeding and shall pay the fees and expenses of such counsel related to such proceeding. Company shall not be liable for any settlement of any proceeding contemplated by this paragraph that is effected without its written
consent, but if settled with such consent or if there be a final judgment for the plaintiff, Company agrees to indemnify any Indemnified Person from and against any loss or liability by reason of such settlement or judgment. Company shall not,
without the prior written consent of the Indemnified Person, effect any settlement of any pending or threatened proceeding contemplated by this paragraph that is in respect of which any Indemnified Person is or could have been a party and indemnity
could have been sought hereunder by such Indemnified Person, unless such settlement includes an unconditional release of such Indemnified Person from all liability on claims that are the subject matter of such proceeding on terms reasonably
satisfactory to such Indemnified Person. If the indemnification provided for in this paragraph is unavailable to an Indemnified Person or insufficient in respect of any losses, claims, damages or liabilities referred to therein, then Company
hereunder, in lieu of indemnifying such Indemnified Person thereunder, shall contribute to the amount paid or payable by such Indemnified Person as a result of such losses, claims, damages or liabilities. The remedies provided for in this paragraph
are not exclusive and shall not limit any rights or remedies which may otherwise be available to any Indemnified Person at law or in equity. The indemnity and contribution agreements contained in this paragraph shall remain operative and in full
force and effect regardless of the termination of the Transaction. 
 “Rights Agreement Termination Date” means the earliest
of (i) the occurrence of the “Expiration Date” (as defined in the Rights Agreement), (ii) the Rights Agreement otherwise terminating or ceasing to be in effect or (iii) the date on which no “Rights” (as defined in
therein) remain outstanding thereunder. 
 “Rights Agreement” means the Section 382 Rights Agreement, dated as of
October 31, 2013, between Company and Computershare Trust Company, N.A., as Rights Agent, or any similar shareholder rights plan (as determined by JPMorgan in its sole discretion). 

 

	 	(b)	 Repurchase Notices. Company shall, on any day on which Company effects any repurchase of Shares, promptly give JPMorgan a written notice
of such repurchase (a “Repurchase Notice”) on such day if following such repurchase, the number of outstanding Shares on such day, subject to any adjustments provided herein, is (i) less than 180.0 million (in the case of
the first such notice) or (ii) thereafter more than 6.3 million less than the number of Shares included in the immediately preceding Repurchase Notice. Company agrees to indemnify and hold harmless JPMorgan and its affiliates and their
respective officers, directors, employees, affiliates, advisors, agents and controlling persons (each, an “Indemnified Person”) from and against any and all losses (including losses relating to JPMorgan’s hedging activities as
a consequence of becoming, or of the risk of becoming, a Section 16 “insider”, including without limitation, any forbearance from hedging activities or cessation of hedging activities and any losses in connection therewith with

  
 14 

	 	
respect to the Transaction), claims, damages, judgments, liabilities and expenses (including reasonable attorney’s fees), joint or several, which an Indemnified Person actually may become
subject to, as a result of Company’s failure to provide JPMorgan with a Repurchase Notice on the day and in the manner specified in this paragraph, and to reimburse, within 30 days, upon written request, each of such Indemnified Persons for any
reasonable legal or other expenses incurred in connection with investigating, preparing for, providing testimony or other evidence in connection with or defending any of the foregoing. If any suit, action, proceeding (including any governmental or
regulatory investigation), claim or demand shall be brought or asserted against the Indemnified Person, such Indemnified Person shall promptly notify Company in writing, and Company, upon request of the Indemnified Person, shall retain counsel
reasonably satisfactory to the Indemnified Person to represent the Indemnified Person and any others Company may designate in such proceeding and shall pay the fees and expenses of such counsel related to such proceeding. Company shall not be liable
for any settlement of any proceeding effected without its written consent, but if settled with such consent or if there be a final judgment for the plaintiff, Company agrees to indemnify any Indemnified Person from and against any loss or liability
by reason of such settlement or judgment. Company shall not, without the prior written consent of the Indemnified Person, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Person is or could have been
a party and indemnity could have been sought hereunder by such Indemnified Person, unless such settlement includes an unconditional release of such Indemnified Person from all liability on claims that are the subject matter of such proceeding on
terms reasonably satisfactory to such Indemnified Person. If the indemnification provided for in this paragraph is unavailable to an Indemnified Person or insufficient in respect of any losses, claims, damages or liabilities referred to therein,
then Company under such paragraph, in lieu of indemnifying such Indemnified Person thereunder, shall contribute to the amount paid or payable by such Indemnified Person as a result of such losses, claims, damages or liabilities. The remedies
provided for in this paragraph are not exclusive and shall not limit any rights or remedies which may otherwise be available to any Indemnified Person at law or in equity. The indemnity and contribution agreements contained in this paragraph shall
remain operative and in full force and effect regardless of the termination of the Transaction. 

  

	 	(c)	Regulation M. Company is not on the Trade Date engaged in a distribution, as such term is used in Regulation M under the Securities Exchange Act of 1934, as amended (the “Exchange Act”),
of any securities of Company, other than a distribution meeting the requirements of the exception set forth in Rules 101(b)(10) and 102(b)(7) of Regulation M. Company shall not, until the second Scheduled Trading Day immediately following the
Effective Date, engage in any such distribution. 

  

	 	(d)	No Manipulation. Company is not entering into the Transaction to create actual or apparent trading activity in the Shares (or any security convertible into or exchangeable for the Shares) or to raise or
depress or otherwise manipulate the price of the Shares (or any security convertible into or exchangeable for the Shares) or otherwise in violation of the Exchange Act. 

 

	 	(e)	 Transfer or Assignment. Company may not transfer any of its rights or obligations under the Transaction without the prior written
consent of JPMorgan. JPMorgan may, without Company’s consent, transfer or assign all or any part of its rights or obligations under the Transaction to any third party. If at any time at which (A) the Section 16 Percentage exceeds the
Section 16 Threshold Percentage, (B) the Warrant Equity Percentage exceeds 14.5% or (C) the Share Amount exceeds the Applicable Share Limit (if any applies) (any such condition described in clauses (A), (B) or (C), an
“Excess Ownership Position”), JPMorgan is unable after using its commercially reasonable efforts to effect a transfer or assignment of Warrants to a third party on pricing terms reasonably acceptable to JPMorgan and within a time
period reasonably acceptable to JPMorgan such that no Excess Ownership Position exists, then JPMorgan may designate any Exchange Business Day as an Early Termination Date with respect to a portion of the Transaction (the “Terminated
Portion”), such that following such partial termination no Excess Ownership Position exists. In the event that JPMorgan so designates an Early Termination Date with respect to a Terminated Portion, a payment shall be made pursuant to
Section 6 of the Agreement as if (1) 

  
 15 

	 	
an Early Termination Date had been designated in respect of a Transaction having terms identical to the Transaction and a Number of Warrants equal to the number of Warrants underlying the
Terminated Portion, (2) Company were the sole Affected Party with respect to such partial termination and (3) the Terminated Portion were the sole Affected Transaction (and, for the avoidance of doubt, the provisions of Section 9(j) shall
apply to any amount that is payable by Company to JPMorgan pursuant to this sentence as if Company was not the Affected Party). The “Section 16 Percentage” as of any day is the fraction, expressed as a percentage, (A) the
numerator of which is the number of Shares that JPMorgan and each person subject to aggregation of Shares with JPMorgan under Section 13 or Section 16 of the Exchange Act and rules promulgated thereunder directly or indirectly beneficially
own (as defined under Section 13 or Section 16 of the Exchange Act and rules promulgated thereunder) and (B) the denominator of which is the number of Shares outstanding. The “Section 16 Threshold Percentage” means
(i) prior to the Rights Agreement Termination Date, the greatest of (a) 4.0%, (b) if the Exemption Letter has been modified to increase the maximum percentage of Shares outstanding that JPMorgan and its “Affiliates” and
“Associates” are permitted to “Beneficially Own” in connection with the “Relevant Transactions” (each as defined in the Exemption Letter; such maximum percentage, the “Exemption Letter Limitation”), the
lesser of (x) the Exemption Letter Limitation less 0.99% and (y) 9.0%, and (c) if the Exemption Letter Agreement has been modified to remove any limitation on the number of Shares that JPMorgan and its “Affiliates”
and “Associates” may “Beneficially Own” in connection with the “Relevant Transactions” (each, as defined in the Exemption Letter) while preserving the Rights Agreement Exemption, 9.0%, and (ii) following the Rights
Agreement Termination Date, 9.0%. As long as the Section 16 Percentage is less than 9.0%, JPMorgan will notify Company at least three Exchange Business Days prior to designating an Early Termination Date on account of the Section 16
Percentage exceeding the Section 16 Threshold Percentage, which notice (the “Threshold Notice”) shall specify the Section 16 Percentage (as determined by JPMorgan in good faith) prompting such notice, and (i) if
Company so requests, JPMorgan will consent to a modification to the Exemption Letter solely for the purpose of increasing the Exemption Letter Limitation or removing the provision therein that limits the number of Shares that JPMorgan and its
“Affiliates” and “Associates” may “Beneficially Own” in connection with the “Relevant Transactions” (each, as defined in the Exemption Letter) and (ii) if a modification described in clause (i) above
is requested and implemented on or before the close of business on the third Exchange Business Day following Company’s receipt of the applicable Threshold Notice, the Section 16 Percentage shall not be deemed to have exceeded the
Section 16 Threshold Percentage, and JPMorgan shall not be entitled to designate an Early Termination Date based on the Section 16 Percentage specified in the applicable Threshold Notice, unless such Section 16 Percentage exceeds the
modified Section 16 Threshold Percentage. For the avoidance of doubt, prior to any subsequent designation of an Early Termination Date on account of the Section 16 Percentage being in excess of any modified Section 16 Threshold
Percentage, as long as the Section 16 Percentage is less than 9.0%, the provisions set forth in the immediately preceding sentence, including the requirement of delivery by JPMorgan of another Threshold Notice, shall be applicable. The
“Warrant Equity Percentage” as of any day is the fraction, expressed as a percentage, (A) the numerator of which is the sum of (1) the product of the Number of Warrants and the Warrant Entitlement and (2) the
aggregate number of Shares underlying any other warrants purchased by JPMorgan from Company, and (B) the denominator of which is the number of Shares outstanding. The “Share Amount” as of any day is the number of Shares that
JPMorgan and any person whose ownership position would be aggregated with that of JPMorgan (JPMorgan or any such person, a “JPMorgan Person”) under any law, rule, regulation, regulatory order or organizational documents or contracts
of Company (other than the Exemption Letter) that are, in each case, applicable to ownership of Shares (“Applicable Restrictions”), owns, beneficially owns, constructively owns, controls, holds the power to vote or otherwise meets a
relevant definition of ownership under any Applicable Restriction, as determined by JPMorgan in its reasonable discretion. The “Applicable Share Limit” means a number of Shares equal to (A) the minimum number of Shares that
could give rise to reporting or registration obligations or other requirements (including obtaining prior approval from any person or entity) of a JPMorgan Person, or could result in an adverse effect on a JPMorgan Person, under any Applicable
Restriction, as determined 

  
 16 

	 	
by JPMorgan in its reasonable discretion, minus (B) 1% of the number of Shares outstanding. Notwithstanding any other provision in this Confirmation to the contrary requiring or
allowing JPMorgan to purchase, sell, receive or deliver any Shares or other securities, or make or receive any payment in cash, to or from Company, JPMorgan may designate any of its affiliates to purchase, sell, receive or deliver such Shares or
other securities, or make or receive such payment in cash, and otherwise to perform JPMorgan’s obligations in respect of the Transaction and any such designee may assume such obligations. JPMorgan shall be discharged of its obligations to
Company to the extent of any such performance. 

  

	 	(f)	Dividends. If at any time during the period from and including the Effective Date, to and including the last Expiration Date, an ex-dividend date for a cash dividend occurs with respect to the Shares, then
the Calculation Agent will adjust any of the Strike Price, Number of Warrants, Daily Number of Warrants and/or any other variable relevant to the exercise, settlement or payment of the Transaction to preserve the fair value of the Warrants to
JPMorgan after taking into account such dividend. 

  

	 	(g)	Role of Agent. Each party agrees and acknowledges that (i) J.P. Morgan Securities LLC, an affiliate of JPMorgan (“JPMS”), has acted solely as agent and not as principal with respect
to the Transaction and (ii) JPMS has no obligation or liability, by way of guaranty, endorsement or otherwise, in any manner in respect of the Transaction (including, if applicable, in respect of the settlement thereof). Each party agrees it
will look solely to the other party (or any guarantor in respect thereof) for performance of such other party’s obligations under the Transaction. 

  

	 	(h)	Additional Provisions. 

  

	 	(i)	Amendments to the Equity Definitions: 

  

	 	(A)	Section 11.2(a) of the Equity Definitions is hereby amended by deleting the words “a diluting or concentrative” and replacing them with the words “an”; and adding the phrase “or
Warrants” at the end of the sentence. 

  

	 	(B)	Section 11.2(c) of the Equity Definitions is hereby amended by (w) replacing the words “a diluting or concentrative” with “an” in the fifth line thereof, (x) adding the phrase “or
Warrants” after the words “the relevant Shares” in the same sentence, (y) deleting the words “diluting or concentrative” in the sixth to last line thereof and (z) deleting the phrase “(provided that no
adjustments will be made to account solely for changes in volatility, expected dividends, stock loan rate or liquidity relative to the relevant Shares)” and replacing it with the phrase “(and, for the avoidance of doubt, adjustments may be
made to account solely for changes in volatility, expected dividends, stock loan rate or liquidity relative to the relevant Shares).” 

  

	 	(C)	Section 11.2(e)(vii) of the Equity Definitions is hereby amended by deleting the words “a diluting or concentrative” and replacing them with the word “a material”; and adding the phrase “or
Warrants” at the end of the sentence. 

  

	 	(D)	[Reserved]. 

  

	 	(E)	Section 12.9(b)(iv) of the Equity Definitions is hereby amended by: 

  

	 	(x)	deleting (1) subsection (A) in its entirety, (2) the phrase “or (B)” following subsection (A) and (3) the phrase “in each case” in subsection (B); and 

 

	 	(y)	replacing the phrase “neither the Non-Hedging Party nor the Lending Party lends Shares” with the phrase “such Lending Party does not lend Shares” in the penultimate sentence. 

  
 17 

	 	(F)	Section 12.9(b)(v) of the Equity Definitions is hereby amended by: 

  

	 	(x)	adding the word “or” immediately before subsection “(B)” and deleting the comma at the end of subsection “(A)” and; 

 

	 	(y)	(1) deleting subsection (C) in its entirety, (2) deleting the word “or” immediately preceding subsection (C), (3) deleting the penultimate sentence in its entirety and replacing it with the
sentence “The Hedging Party will determine the Cancellation Amount payable by one party to the other.” and (4) deleting clause (X) in the final sentence. 

 

	 	(ii)	Notwithstanding anything to the contrary in this Confirmation, upon the occurrence of one of the following events, with respect to the Transaction, (1) JPMorgan shall have the right to designate such event an
Additional Termination Event and designate an Early Termination Date pursuant to Section 6(b) of the Agreement, (2) Company shall be deemed the sole Affected Party with respect to such Additional Termination Event and (3) the
Transaction, or, at the election of JPMorgan in its sole discretion, any portion of the Transaction, shall be deemed the sole Affected Transaction; provided that if JPMorgan so designates an Early Termination Date with respect to a portion of
the Transaction, (a) a payment shall be made pursuant to Section 6 of the Agreement as if an Early Termination Date had been designated in respect of a Transaction having terms identical to the Transaction and a Number of Warrants equal to
the number of Warrants included in the terminated portion of the Transaction, and (b) for the avoidance of doubt, the Transaction shall remain in full force and effect except that the Number of Warrants shall be reduced by the number of
Warrants included in such terminated portion: 

  

	 	(A)	A “person” or “group” within the meaning of Section 13(d) of the Exchange Act, other than Company or its wholly owned subsidiaries or its or their employee benefit plans files a Schedule TO or
any schedule, form or report under the Exchange Act disclosing that such person or group has become the direct or indirect “beneficial owner”, as defined in Rule 13d-3 under the Exchange Act, of the Company’s common equity
representing more than 50% of the voting power of the Company’s common equity. 

  

	 	(B)	Consummation of (I) any recapitalization, reclassification or change of the Shares (other than changes resulting from a subdivision or combination, or from a change in par value, or from par value to no par value,
or from no par value to par value) as a result of which the Shares would be converted into, or exchanged for, stock, other securities, other property or assets, (II) any share exchange, consolidation, merger or similar transaction involving the
Company pursuant to which the Shares will be converted into cash, securities or other property (other than any merger solely for the purpose of changing the Company’s jurisdiction of incorporation and resulting in a reclassification, conversion
or exchange of outstanding Shares solely into common shares of the surviving entity and where the common stockholders’ proportional voting power immediately after such event is in substantially the same proportions as their respective voting
power before such event) or (III) any sale, lease or other transfer in one transaction or a series of transactions of all or substantially all of the consolidated assets of Company and its subsidiaries, taken as a whole, to any person other
than one of Company’s subsidiaries. 

 Notwithstanding the foregoing, any transaction or transactions or event or events
set forth in clause (A) or (B) above shall not constitute an Additional Termination Event if (x) at least 90% of the consideration received or to be received by holders of the Shares, excluding cash payments for fractional Shares or
pursuant to statutory appraisal rights, in connection with such transaction or transactions or event or events consists of shares of common stock or other 

  
 18 

 
common equity interests that are listed or quoted on any of The New York Stock Exchange, The NASDAQ Global Select Market or The NASDAQ Global Market (or any of their respective successors) or
will be so listed or quoted when issued or exchanged in connection with such transaction or transactions or event or events, and (y) as a result of such transaction or transactions or event or events, the Shares will consist of such
consideration, excluding cash payments for fractional Shares or pursuant to statutory appraisal rights. 
  

	 	(C)	Default by Company or any of its significant subsidiaries (as defined in Article 1, Rule 1-02 of Regulation S-X promulgated by the SEC) with respect to any mortgage, agreement or other instrument under which there may
be outstanding, or by which there may be secured or evidenced, any indebtedness for money borrowed in excess of $25 million (or its foreign currency equivalent) in the aggregate of Company and/or any such subsidiary, whether such indebtedness now
exists or shall hereafter be created, resulting in such indebtedness becoming or being declared due and payable. 

  

	 	(D)	Within one year of the Trade Date, JPMorgan, despite using commercially reasonable efforts, is unable or reasonably determines that it is impractical or illegal, to hedge its exposure with respect to the Transaction in
the public market without registration under the Securities Act or as a result of any legal, regulatory or self-regulatory requirements or related policies and procedures (whether or not such requirements, policies or procedures are imposed by law
or have been voluntarily adopted by JPMorgan). 

  

	 	(i)	No Setoff. Each party waives any and all rights it may have to set off obligations arising under the Agreement and the Transaction against other obligations between the parties, whether arising under any
other agreement, applicable law or otherwise. 

  

	 	(j)	Alternative Calculations and Payment on Early Termination and on Certain Extraordinary Events. 

  

	 	(i)	If (a) an Early Termination Date (whether as a result of an Event of Default or a Termination Event) occurs or is designated with respect to the Transaction or (b) the Transaction is cancelled or terminated
upon the occurrence of an Extraordinary Event (except as a result of (i) a Nationalization, Insolvency or Merger Event in which the consideration to be paid to holders of Shares consists solely of cash, (ii) a Merger Event or Tender Offer
that is within Company’s control, or (iii) an Event of Default in which Company is the Defaulting Party or a Termination Event in which Company is the Affected Party other than an Event of Default of the type described in
Section 5(a)(iii), (v), (vi), (vii) or (viii) of the Agreement or a Termination Event of the type described in Section 5(b) of the Agreement, in each case that resulted from an event or events outside Company’s control), and
if Company would owe any amount to JPMorgan pursuant to Section 6(d)(ii) of the Agreement or any Cancellation Amount pursuant to Article 12 of the Equity Definitions (any such amount, a “Payment Obligation”), then Company shall
satisfy the Payment Obligation by the Share Termination Alternative (as defined below), unless (a) Company gives irrevocable telephonic notice to JPMorgan, confirmed in writing within one Scheduled Trading Day, no later than 12:00 p.m. (New
York City time) on the Merger Date, Tender Offer Date, Announcement Date (in the case of a Nationalization, Insolvency or Delisting), Early Termination Date or date of cancellation, as applicable, of its election that the Share Termination
Alternative shall not apply, and (b) Company remakes the representation set forth in Section 8(g) as of the date of such election and (c) JPMorgan agrees, in its sole discretion, to such election, in which case the provisions of
Section 12.7 or Section 12.9 of the Equity Definitions, or the provisions of Section 6(d)(ii) of the Agreement, as the case may be, shall apply. 

  
 19 

					
		 	Share Termination Alternative:	  	If applicable, Company shall deliver to JPMorgan the Share Termination Delivery Property on the date (the “Share Termination Payment Date”) on which the Payment Obligation would otherwise be due pursuant to Section
12.7 or Section 12.9 of the Equity Definitions or Section 6(d)(ii) of the Agreement, as applicable, or as promptly as practicable (but in no event more than 10 Exchange Business Days) thereafter, subject to Section 9(k)(i) below, in satisfaction,
subject to Section 9(k)(ii) below, of the relevant Payment Obligation, in the manner reasonably requested by JPMorgan free of payment.
			
		 	Share Termination Delivery Property:	  	A number of Share Termination Delivery Units, as calculated by the Calculation Agent, equal to the relevant Payment Obligation divided by the Share Termination Unit Price. The Calculation Agent shall adjust the amount of
Share Termination Delivery Property by replacing any fractional portion of a security therein with an amount of cash equal to the value of such fractional security based on the values used to calculate the Share Termination Unit Price (without
giving effect to any discount pursuant to Section 9(k)(i)).
			
		 	Share Termination Unit Price:	  	The fair market value of property contained in one Share Termination Delivery Unit on the date such Share Termination Delivery Units are to be delivered as Share Termination Delivery Property, as determined by the Calculation Agent
by commercially reasonable means, subject to the following: In the case of a Private Placement of Share Termination Delivery Units that are Restricted Shares (as defined below), as set forth in Section 9(k)(i) below, the Share Termination Unit Price
shall be determined by the discounted price applicable to such Share Termination Delivery Units. In the case of a Registration Settlement of Share Termination Delivery Units that are Restricted Shares (as defined below) as set forth in Section
9(k)(ii) below, notwithstanding the foregoing, the Share Termination Unit Price shall be the Settlement Price on the Merger Date, Tender Offer Date, Announcement Date (in the case of a Nationalization, Insolvency or Delisting), Early Termination
Date or date of cancellation, as applicable. The Calculation Agent shall notify Company of the Share Termination Unit Price at the time of notification of such Payment Obligation to Company or, if applicable, at the time the discounted price
applicable to the relevant Share Termination Units is determined pursuant to Section 9(k)(i).
			
		 	Share Termination Delivery Unit:	  	One Share or, if the Shares have changed into cash or any other property or the right to receive cash or any

  
 20 

					
		 		  	other property as the result of a Nationalization, Insolvency or Merger Event (any such cash or other property, the “Exchange Property”), a unit consisting of the type and amount of Exchange Property received by a
holder of one Share (without consideration of any requirement to pay cash or other consideration in lieu of fractional amounts of any securities) in such Nationalization, Insolvency or Merger Event. If such Nationalization, Insolvency or Merger
Event involves a choice of Exchange Property to be received by holders, such holder shall be deemed to have elected to receive the maximum possible amount of cash.
			
		 	Failure to Deliver:	  	Inapplicable
			
		 	Other applicable provisions:	  	If Share Termination Alternative is applicable, the provisions of Sections 9.8, 9.9, 9.11 and 9.12 (as modified above) of the Equity Definitions will be applicable, except that all references in such provisions to
“Physically-settled” shall be read as references to “Share Termination Settled” and all references to “Shares” shall be read as references to “Share Termination Delivery Units”. “Share Termination
Settled” in relation to the Transaction means that the Share Termination Alternative is applicable to the Transaction.

  

	 	(k)	Registration/Private Placement Procedures. If, in the reasonable opinion of JPMorgan, following any delivery of Shares or Share Termination Delivery Property to JPMorgan hereunder, such Shares or Share
Termination Delivery Property would be in the hands of JPMorgan subject to any applicable restrictions with respect to any registration or qualification requirement or prospectus delivery requirement for such Shares or Share Termination Delivery
Property pursuant to any applicable federal or state securities law (including, without limitation, any such requirement arising under Section 5 of the Securities Act (such Shares or Share Termination Delivery Property, “Restricted
Shares”), then delivery of such Restricted Shares shall be effected pursuant to either clause (i) or (ii) below at the election of Company, unless JPMorgan waives the need for registration/private placement procedures set forth in
(i) and (ii) below. Notwithstanding the foregoing, solely in respect of any Daily Number of Warrants exercised or deemed exercised on any Expiration Date, Company shall elect, prior to the first Settlement Date for the first applicable
Expiration Date, a Private Placement Settlement or Registration Settlement for all deliveries of Restricted Shares for all such Expiration Dates which election shall be applicable to all remaining Settlement Dates for such Warrants and the
procedures in clause (i) or clause (ii) below shall apply for all such delivered Restricted Shares on an aggregate basis commencing after the final Settlement Date for such Warrants. The Calculation Agent shall make reasonable adjustments
to settlement terms and provisions under this Confirmation to reflect a single Private Placement or Registration Settlement for such aggregate Restricted Shares delivered hereunder. 

 

	 	(i)	 If Company elects to settle the Transaction pursuant to this clause (i) (a “Private Placement Settlement”), then delivery of
Restricted Shares by Company shall be effected in customary private placement procedures with respect to such Restricted Shares reasonably acceptable to JPMorgan; provided that Company may not elect a Private Placement Settlement if, on the
date of its election, it has taken, or caused to be taken, any action that would make unavailable either the exemption pursuant to Section 4(a)(2) of the Securities Act for the sale by Company to JPMorgan (or any affiliate designated by
JPMorgan) of the Restricted Shares or the exemption pursuant to Section 

  
 21 

	 	
4(a)(1) or Section 4(a)(3) of the Securities Act for resales of the Restricted Shares by JPMorgan (or any such affiliate of JPMorgan). The Private Placement Settlement of such Restricted
Shares shall include customary representations, covenants, blue sky and other governmental filings and/or registrations, indemnities to JPMorgan, due diligence rights (for JPMorgan or any designated buyer of the Restricted Shares by JPMorgan),
opinions and certificates, and such other documentation as is customary for private placement agreements, all reasonably acceptable to JPMorgan. In the case of a Private Placement Settlement, the Calculation Agent shall determine the appropriate
discount to the Share Termination Unit Price (in the case of settlement of Share Termination Delivery Units pursuant to Section 9(j) above) or premium to any Settlement Price (in the case of settlement of Shares pursuant to Section 2
above) applicable to such Restricted Shares in a commercially reasonable manner and appropriately adjust the number of such Restricted Shares to be delivered to JPMorgan hereunder. Notwithstanding anything to the contrary in the Agreement or this
Confirmation, the date of delivery of such Restricted Shares shall be the Exchange Business Day following notice by Calculation Agent to Company of such applicable discount or premium, as the case may be, and the number of Restricted Shares to be
delivered pursuant to this clause (i). For the avoidance of doubt, delivery of Restricted Shares shall be due as set forth in the previous sentence and not be due on the Share Termination Payment Date (in the case of settlement of Share Termination
Delivery Units pursuant to Section 9(j) above) or on the Settlement Date for such Restricted Shares (in the case of settlement in Shares pursuant to Section 2 above). 

 

	 	(ii)	If Company elects to settle the Transaction pursuant to this clause (ii) (a “Registration Settlement”), then Company shall promptly (but in any event no later than the beginning of the Resale
Period, as defined below) file and use its reasonable best efforts to make effective under the Securities Act a registration statement or supplement or amend an outstanding registration statement in form and substance reasonably satisfactory to
JPMorgan, to cover the resale of such Restricted Shares in accordance with customary resale registration procedures, including covenants, conditions, representations, underwriting discounts (if applicable), commissions (if applicable), indemnities
due diligence rights, opinions and certificates, and such other documentation as is customary for equity resale underwriting agreements, all reasonably acceptable to JPMorgan. If JPMorgan, in its sole reasonable discretion, is not satisfied with
such procedures and documentation Private Placement Settlement shall apply. If JPMorgan is satisfied with such procedures and documentation, it shall sell the Restricted Shares pursuant to such registration statement during a period (the
“Resale Period”) commencing on the Exchange Business Day following delivery of such Restricted Shares (which, for the avoidance of doubt, shall be (x) the Share Termination Payment Date in case of settlement in Share
Termination Delivery Units pursuant to Section 9(j) above or (y) the Settlement Date in respect of the final Expiration Date for all Daily Number of Warrants) and ending on the Exchange Business Day on which JPMorgan completes the sale of
all Restricted Shares or, in the case of settlement of Share Termination Delivery Units, a sufficient number of Restricted Shares so that the realized net proceeds of such sales equals or exceeds the Payment Obligation (as defined above). If the
Payment Obligation exceeds the realized net proceeds from such resale, Company shall transfer to JPMorgan by the open of the regular trading session on the Exchange on the Exchange Trading Day immediately following such resale the amount of such
excess (the “Additional Amount”) in cash or in a number of Shares (“Make-whole Shares”) in an amount that, based on the Settlement Price on such day (as if such day was the “Valuation Date” for purposes of
computing such Settlement Price), has a dollar value equal to the Additional Amount. The Resale Period shall continue to enable the sale of the Make-whole Shares. If Company elects to pay the Additional Amount in Shares, the requirements and
provisions for Registration Settlement shall apply. This provision shall be applied successively until the Additional Amount is equal to zero. In no event shall Company deliver a number of Restricted Shares greater than the Maximum Number of Shares.
Following the Resale Period, JPMorgan shall return to Company any Shares or Share Termination Delivery Units not required to be sold in order to realize net proceeds equal to the Payment Obligation. 

  
 22 

	 	(iii)	Without limiting the generality of the foregoing, Company agrees that (A) any Restricted Shares delivered to JPMorgan may be transferred by and among JPMorgan and its affiliates and Company shall effect such
transfer without any further action by JPMorgan and (B) after the period of 6 months from the Trade Date (or 1 year from the Trade Date if, at such time, informational requirements of Rule 144(c) under the Securities Act are not satisfied with
respect to Company) has elapsed in respect of any Restricted Shares delivered to JPMorgan, Company shall promptly remove, or cause the transfer agent for such Restricted Shares to remove, any legends referring to any such restrictions or
requirements from such Restricted Shares upon request by JPMorgan (or such affiliate of JPMorgan) to Company or such transfer agent, without any requirement for the delivery of any certificate, consent, agreement, opinion of counsel, notice or any
other document, any transfer tax stamps or payment of any other amount or any other action by JPMorgan (or such affiliate of JPMorgan). Notwithstanding anything to the contrary herein, to the extent the provisions of Rule 144 of the Securities Act
or any successor rule, or the applicable interpretation thereof by the Securities and Exchange Commission or any court as in effect at such time so require, in the opinion of outside counsel of Company, the agreements of Company herein shall be
deemed modified to the extent necessary to comply with Rule 144 of the Securities Act, as in effect at the time of delivery of the relevant Shares or Share Termination Delivery Property. 

 

	 	(iv)	If the Private Placement Settlement or the Registration Settlement shall not be effected as set forth in clauses (i) or (ii), as applicable, then failure to effect such Private Placement Settlement or such
Registration Settlement shall constitute an Event of Default with respect to which Company shall be the Defaulting Party. 

  

	 	(l)	Limit on Beneficial Ownership. Notwithstanding any other provisions hereof, JPMorgan may not exercise any Warrant hereunder or be entitled to take delivery of any Shares deliverable hereunder, and
Automatic Exercise shall not apply with respect to any Warrant hereunder, to the extent (but only to the extent) that, after such receipt of any Shares upon the exercise of such Warrant or otherwise hereunder, (i) the Section 16 Percentage
would exceed the Section 16 Threshold Percentage or (ii) the Share Amount would exceed the Applicable Share Limit. Any purported delivery hereunder shall be void and have no effect to the extent (but only to the extent) that, after such
delivery, (i) the Section 16 Percentage would exceed the Section 16 Threshold Percentage or (ii) the Share Amount would exceed the Applicable Share Limit If any delivery owed to JPMorgan hereunder is not made, in whole or in
part, as a result of this provision, Company’s obligation to make such delivery shall not be extinguished and Company shall make such delivery as promptly as practicable after, but in no event later than one Business Day after, JPMorgan gives
notice to Company that, after such delivery, (i) the Section 16 Percentage would not exceed the Section 16 Threshold Percentage and (ii) the Share Amount would not exceed the Applicable Share Limit. 

 

	 	(m)	Share Deliveries. Notwithstanding anything to the contrary herein, Company agrees that any delivery of Shares or Share Termination Delivery Property shall be effected by book-entry transfer through the
facilities of DTC, or any successor depositary, if at the time of delivery, such class of Shares or class of Share Termination Delivery Property is in book-entry form at DTC or such successor depositary. 

 

	 	(n)	Waiver of Jury Trial. Each party waives, to the fullest extent permitted by applicable law, any right it may have to a trial by jury in respect of any suit, action or proceeding relating to the
Transaction. Each party (i) certifies that no representative, agent or attorney of the other party has represented, expressly or otherwise, that such other party would not, in the event of such a suit, action or proceeding, seek to enforce the
foregoing waiver and (ii) acknowledges that it and the other party have been induced to enter into the Transaction, as applicable, by, among other things, the mutual waivers and certifications provided herein. 

  
 23 

	 	(o)	Tax Disclosure. Effective from the date of commencement of discussions concerning the Transaction, Company and each of its employees, representatives, or other agents may disclose to any and all persons,
without limitation of any kind, the tax treatment and tax structure of the Transaction and all materials of any kind (including opinions or other tax analyses) that are provided to Company relating to such tax treatment and tax structure.

  

	 	(p)	Maximum Share Delivery.  

  

	 	(i)	Notwithstanding any other provision of this Confirmation, the Agreement or the Equity Definitions, in no event will Company at any time be required to deliver a number of Shares greater than two times the Number of
Shares (the “Maximum Number of Shares”) to JPMorgan in connection with the Transaction. 

  

	 	(ii)	In the event Company shall not have delivered to JPMorgan the full number of Shares or Restricted Shares otherwise deliverable by Company to JPMorgan pursuant to the terms of the Transaction because Company has
insufficient authorized but unissued Shares that are not reserved for other transactions (such deficit, the “Deficit Shares”), Company shall be continually obligated to deliver, from time to time, Shares or Restricted Shares, as the
case may be, to JPMorgan until the full number of Deficit Shares have been delivered pursuant to this Section 9(p)(ii), when, and to the extent that, (A) Shares are repurchased, acquired or otherwise received by Company or any of its
subsidiaries after the Trade Date (whether or not in exchange for cash, fair value or any other consideration), (B) authorized and unissued Shares previously reserved for issuance in respect of other transactions become no longer so reserved or
(C) Company additionally authorizes any unissued Shares that are not reserved for other transactions; provided that in no event shall Company deliver any Shares or Restricted Shares to JPMorgan pursuant to this Section 9(p)(ii) to
the extent that such delivery would cause the aggregate number of Shares and Restricted Shares delivered to JPMorgan to exceed the Maximum Number of Shares. Company shall immediately notify JPMorgan of the occurrence of any of the foregoing events
(including the number of Shares subject to clause (A), (B) or (C) and the corresponding number of Shares or Restricted Shares, as the case may be, to be delivered) and promptly deliver such Shares or Restricted Shares, as the case may be,
thereafter. 

  

	 	(q)	[Reserved]. 

  

	 	(r)	Right to Extend. JPMorgan may postpone or add, in whole or in part, any Expiration Date or any other date of valuation or delivery with respect to some or all of the relevant Warrants (in which event the
Calculation Agent shall make appropriate adjustments to the Daily Number of Warrants with respect to one or more Expiration Dates) if JPMorgan determines, in its commercially reasonable judgment, that such extension is reasonably necessary or
appropriate to preserve JPMorgan’s hedging or hedge unwind activity hereunder in light of existing liquidity conditions or to enable JPMorgan to effect purchases of Shares in connection with its hedging, hedge unwind or settlement activity
hereunder in a manner that would, if JPMorgan were Issuer or an affiliated purchaser of Issuer, be in compliance with applicable legal, regulatory or self-regulatory requirements, or with related policies and procedures applicable to JPMorgan;
provided that JPMorgan may not postpone or extend any such date by more than 50 Exchange Business Days. 

  

	 	(s)	Status of Claims in Bankruptcy. JPMorgan acknowledges and agrees that this Confirmation is not intended to convey to JPMorgan rights against Company with respect to the Transaction that are senior to the
claims of common stockholders of Company in any United States bankruptcy proceedings of Company; provided that nothing herein shall limit or shall be deemed to limit JPMorgan’s right to pursue remedies in the event of a breach by Company
of its obligations and agreements with respect to the Transaction; provided, further, that nothing herein shall limit or shall be deemed to limit JPMorgan’s rights in respect of any transactions other than the Transaction.

  
 24 

	 	(t)	Securities Contract; Swap Agreement. The parties hereto intend for (i) the Transaction to be a “securities contract” and a “swap agreement” as defined in the Bankruptcy Code (Title
11 of the United States Code) (the “Bankruptcy Code”), and the parties hereto to be entitled to the protections afforded by, among other Sections, Sections 362(b)(6), 362(b)(17), 546(e), 546(g), 555 and 560 of the Bankruptcy Code,
(ii) a party’s right to liquidate the Transaction and to exercise any other remedies upon the occurrence of any Event of Default under the Agreement with respect to the other party to constitute a “contractual right” as described
in the Bankruptcy Code, and (iii) each payment and delivery of cash, securities or other property hereunder to constitute a “settlement payment” and a “transfer” as defined in the Bankruptcy Code. 

 

	 	(u)	Wall Street Transparency and Accountability Act. In connection with Section 739 of the Wall Street Transparency and Accountability Act of 2010 (“WSTAA”), the parties hereby agree that
neither the enactment of WSTAA or any regulation under the WSTAA, nor any requirement under WSTAA or an amendment made by WSTAA, shall limit or otherwise impair either party’s otherwise applicable rights to terminate, renegotiate, modify, amend
or supplement this Confirmation or the Agreement, as applicable, arising from a termination event, force majeure, illegality, increased costs, regulatory change or similar event under this Confirmation, the Equity Definitions incorporated herein, or
the Agreement (including, but not limited to, rights arising from Change in Law, Hedging Disruption, Increased Cost of Hedging, an Excess Ownership Position, or Illegality (as defined in the Agreement)). 

 

	 	(v)	Agreements and Acknowledgements Regarding Hedging. Company understands, acknowledges and agrees that: (A) at any time on and prior to the last Expiration Date, JPMorgan and its affiliates may buy or
sell Shares or other securities or buy or sell options or futures contracts or enter into swaps or other derivative securities in order to adjust its hedge position with respect to the Transaction; (B) JPMorgan and its affiliates also may be
active in the market for Shares other than in connection with hedging activities in relation to the Transaction; (C) JPMorgan shall make its own determination as to whether, when or in what manner any hedging or market activities in securities
of Issuer shall be conducted and shall do so in a manner that it deems appropriate to hedge its price and market risk with respect to the Settlement Prices; and (D) any market activities of JPMorgan and its affiliates with respect to Shares may
affect the market price and volatility of Shares, as well as the Settlement Prices, each in a manner that may be adverse to Company. 

  

	 	(w)	Early Unwind. In the event the sale of the “Underwritten Securities” (as defined in the Purchase Agreement is not consummated with the Initial Purchasers for any reason, or Company fails to
deliver to JPMorgan opinions of counsel as required pursuant to Section 9(a), in each case by 5:00 p.m. (New York City time) on the Premium Payment Date, or such later date as agreed upon by the parties (the Premium Payment Date or such later
date the “Early Unwind Date”), the Transaction shall automatically terminate (the “Early Unwind”), on the Early Unwind Date and (i) the Transaction and all of the respective rights and obligations of JPMorgan
and Company under the Transaction shall be cancelled and terminated and (ii) each party shall be released and discharged by the other party from and agrees not to make any claim against the other party with respect to any obligations or
liabilities of the other party arising out of and to be performed in connection with the Transaction either prior to or after the Early Unwind Date. Each of JPMorgan and Company represents and acknowledges to the other that, upon an Early Unwind,
all obligations with respect to the Transaction shall be deemed fully and finally discharged. 

  

	 	(x)	Payment by JPMorgan. In the event that (i) an Early Termination Date occurs or is designated with respect to the Transaction as a result of a Termination Event or an Event of Default (other than an
Event of Default arising under Section 5(a)(ii) or 5(a)(iv) of the Agreement) and, as a result, JPMorgan owes to Company an amount calculated under Section 6(e) of the Agreement, or (ii) JPMorgan owes to Company, pursuant to
Section 12.7 or Section 12.9 of the Equity Definitions, an amount calculated under Section 12.8 of the Equity Definitions, such amount shall be deemed to be zero. 

  
 25 

	 	(y)	Listing of Warrant Shares. Company shall have submitted an application for the listing of the Warrant Shares on the Exchange, and such application and listing shall have been approved by the Exchange,
subject only to official notice of issuance, in each case, on or prior to the Premium Payment Date. Company agrees and acknowledges that such submission and approval shall be a condition precedent for the purpose of Section 2(a)(iii) of the
Agreement with respect to each obligation of Dealer under Section 2(a)(i) of the Agreement. 

  
 26 

 

 
  

 Please confirm that the foregoing correctly sets forth the terms of our agreement by
executing this Confirmation and returning it to J.P. Morgan Securities LLC, 383 Madison Ave, New York, NY 10179, and by email to EDG_Notices@jpmorgan.com and EDG_NY_Corporate_Sales_Support@jpmorgan.com. 

Very truly yours, 
  

			
	J.P. Morgan Securities LLC, as agent for JPMorgan Chase Bank, National Association
		
	By:	 	 /s/ Santosh Sreenivasan

	Authorized Signatory
	Name:	 	Santosh Sreenivasan

 Accepted and confirmed 
 as
of the Trade Date: 
  

			
	ARIAD Pharmaceuticals Inc.
		
	By:	 	 /s/ Edward M. Fitzgerald

	Authorized Signatory
	Name:	 	Edward M. Fitzgerald
		 	Executive Vice President, CFO

  
 JPMorgan Chase Bank,
National Association 
 Organised under the laws of the United States as a National Banking Association. 

Main Office 1111 Polaris Parkway, Columbus, Ohio 43240 

Registered as a branch in England & Wales branch No. BR000746 

Registered Branch Office 25 Bank Street, Canary Wharf, London E14 5JP 

Authorised by the Office of the Comptroller of the Currency in the jurisdiction of the USA. 

Authorised by the Prudential Regulation Authority. Subject to regulation by the Financial Conduct 

Authority and to limited regulation by the Prudential Regulation Authority. Details about the 

extent of our regulation by the Prudential Regulation Authority are available from us on request.EX-10.1

 Exhibit 10.1 

AGREEMENT AND PLAN OF SHARE EXCHANGE 

by and among 
 CLEANTECH
INNOVATIONS, INC., 
 a Nevada corporation 

and 
 INITIAL KONCEPTS,
INC., d/b/a SIX DIMENSIONS a California corporation 
 and the 

SHAREHOLDER OF 
 INITIAL KONCEPTS,
INC., d/b/a SIX DIMENSIONS 
 Dated June 13, 2014 

 AGREEMENT AND PLAN OF SHARE EXCHANGE 

THIS AGREEMENT AND PLAN OF SHARE EXCHANGE (hereinafter referred to as the “Agreement”), is entered into this 13th day of June
2014, by and among, CLEANTECH INNOVATIONS, INC., a Nevada corporation (the “Company”), INITIAL KONCEPTS, INC., d/b/a SIX DIMENSIONS, a California corporation (“Newco”) and the Shareholder of Newco set forth on the signature page
hereof (the “Newco Holder”). (The Company, Newco, and the Newco Holder are sometimes hereinafter collectively referred to as the “Parties” and individually as a “Party.”) 

WITNESSETH 

WHEREAS, the Company is a publicly owned Nevada corporation with 24,982,822 shares of common stock, par value $0.00001
per share (the “Common Stock”), issued and outstanding; and is quoted on the Nasdaq Capital Market under the symbol “CTEK”; 

WHEREAS, Newco is a corporation organized under the laws of the State of California which prior to the Closing Date (as that term is
defined herein) shall convert into a corporation organized under the laws of the State of Nevada, whose customers consist of well recognized corporate and government clients in the United States, the shares of which (the “Newco Shares”),
are owned as of the date hereof by all the Newco Holder on the signature page hereto; 
 WHEREAS, the Parties desire that the Company
acquire all of the Newco Shares from the Newco Holder solely in exchange for 266,787,609 newly issued shares of the Company’s Common Stock equal to approximately fifty percent (50%) of the Company’s issued and outstanding common stock
following the Reorganization (as that item is defined herein) (the “Exchange Shares”), pursuant to the terms and conditions set forth in this Agreement; 

WHEREAS, immediately upon consummation of the Closing (as hereinafter defined), the Exchange Shares will be issued to the Newco Holder
on a pro rata basis, in proportion to the ratio that the number Newco Shares held by such Newco Holder bears to the pro rata portion of Newco Shares held by all the Newco Holder as of the date of the Closing as set forth on Schedule A; 

WHEREAS, prior to the closing of the transactions contemplated hereby, the Company shall have obtained shareholder approval to
amend its Articles of Incorporation (the “Charter Amendment”) to: (A) change its authorized capital stock to 1,200,000,000 shares which will be designated Common Stock par value $0.0000001 per share (the “Authorized Increase”);
(B) change the name of the Company to “6D Global Technologies, Inc.”; (C) to authorize the conversion of the Company into a corporation organized under the laws of the State of Delaware (the “Conversion”); (D) obtained approval
by NASDAQ of the continued listing of the Company’s Common Stock on the NASDAQ Capital Market (the “Listing”); (E) obtained the resignation of all of the Company’s China-based officers and directors and the appointment of the
proposed U.S.-based directors set forth on Schedule B hereto, subject to change and adjustment (the “Appointments”); (F) completed the spin-off of all of the Company’s China-based operations and assets to the Company’s former
management team led by Bei Lu, in exchange for the satisfaction and/or assumption of all liabilities of the Company in excess of $500.00 and 17,729,403 shares of Common Stock by the shareHolder of the Company set forth

  
 2 

 
on Schedule C hereto (the “Spin-Off”); and (G) obtained NYGG (Asia) Ltd’s consent to convert all of its notes, interests, debts, advances and liabilities made to, in, by or on
behalf of the Company, into 242,534,190 shares of the Company’s Common Stock (the “NYGG Conversion Shares”), immediately following the Closing (the “NYGG Debt Conversion”, and with the Charter Amendment, the Financing, the
Listing, the Appointments and the Spin-Off, the “Reorganization”); 
 WHEREAS, NewCo shall complete a private placement
equity offering (the “Financing”) to raise the approximate aggregate amount of minimum $3,000,000 and maximum $5,100,000 at $0.30 per share (the “Financing Shares”); 

WHEREAS, following the Closing and the Reorganization, Newco will become a wholly-owned subsidiary of the Company, and the Financing
Shares shall be converted on a 1:1 basis into common stock of the Company; and 
 WHEREAS, the Parties intend that the transaction
contemplated herein (the “Transaction”) qualify as a reorganization and tax-free exchange under Section 368(a) of the Internal Revenue Code of 1986, as amended. 

NOW THEREFORE, on the stated premises and for and in consideration of the foregoing recitals which are hereby incorporated by
reference, the mutual covenants and agreements hereinafter set forth and the mutual benefits to the Parties to be derived here from and for other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the
Parties hereto agree as follows: 
 ARTICLE I 

PLAN OF EXCHANGE 
 1.1
Incorporation of Recitals. The foregoing recitals are incorporated herein by reference and made a part of this Agreement. 
 1.2
The Exchange. At the Closing (as hereinafter defined), all of the Newco Shares issued and outstanding immediately prior to the Closing Date shall be exchanged for the Exchange Shares. From and after the Closing Date, the Newco Holder shall no
longer own any Newco Shares and the former Newco Shares shall represent the pro rata portion of the Exchange Shares issuable in exchange therefor pursuant to this Agreement. Any fractional shares that would result from such exchange will be rounded
up to the next highest whole number. 
 1.3 No Dilution. Except as set forth herein, the Company shall neither effect, nor fix any
record date with respect to, any stock split, stock dividend, reverse stock split, recapitalization, or similar change in the Company Common Stock between the date of this Agreement and the Effective Time. 

1.4 Closing. The closing (“Closing”) of the transactions contemplated by this Agreement shall occur immediately following the
completion of the closing conditions set forth in Article VI of this Agreement have been satisfied or waived (the “Closing Date”) such date to be no later than December 31, 2014, unless mutually agreed upon by all parties hereto..

  
 3 

 1.5 Closing Events. At the Closing, each of the respective parties hereto shall execute,
acknowledge, and deliver (or shall cause to be executed, acknowledged, and delivered) any and all stock certificates, officers’ certificates, opinions, financial statements, schedules, agreements, resolutions, rulings, or other instruments
required by this Agreement to be so delivered at or prior to the Closing, together with such other items as may be reasonably requested by the parties hereto and their respective legal counsel in order to effectuate or evidence the transactions
contemplated hereby. If agreed to by the parties, the Closing may take place through the exchange of documents (other than the exchange of stock certificates) by fax, email and/or express courier. At the Closing, the Exchange Shares shall be issued
in the names and denominations provided by Newco. 
 1.6 Standstill. 

(a) Until the earlier of the Closing or September 30, 2014 (the “No Shop Period”), Newco, will not (i) solicit or encourage
any offer or enter into any agreement or other understanding, whether written or oral, for the sale, transfer or other disposition of any capital stock or assets of Newco to or with any other entity or person, except as contemplated by the
Transaction, other than sales of goods and services by Newco in the ordinary course of its business; (ii) entertain or pursue any unsolicited communication, offer or proposal for any such sale, transfer or other disposition; or
(iii) furnish to any person or entity (other than the Company, and its authorized agents and representatives) any nonpublic information concerning Newco or its business, financial affairs or prospects for the purpose or with the intent of
permitting such person or entity to evaluate a possible acquisition of any capital stock or assets of Newco. If Newco shall receive any unsolicited communication or offer, Newco shall immediately notify the Company of the receipt of such
communication or offer. 
 (b) During the No Shop Period, the Company will not (i) solicit or encourage any offer or enter into any
agreement or other understanding, whether written or oral, for the sale, transfer or other disposition of any capital stock or assets of the Company to or with any other entity or person, except as contemplated herein, other than sales of goods and
services by the Company in the ordinary course of its business; (ii) entertain or pursue any unsolicited communication, offer or proposal for any such sale, transfer or other disposition; or (iii) furnish to any person or entity (other
than Newco , and its authorized agents and representatives) any nonpublic information concerning the Company or its business, financial affairs or prospects for the purpose or with the intent of permitting such person or entity to evaluate a
possible acquisition of any capital stock or assets of the Company. If either the Company or any of the Company’s stockHolder shall receive any unsolicited communication or offer, the Company or such the Company stockholder, as applicable,
shall immediately notify Newco of the receipt of such communication or offer. 
 1.7 Exemption from Registration. The Company and
Newco intend that the Exchange Shares to be issued pursuant to Section 1.2 hereof will be issued in a transaction exempt from registration under the Securities Act of 1933, as amended (“Securities Act”), by reason of section 4(2) of
the Securities Act and/or Rule 506 of Regulation D promulgated by the SEC thereunder. 

  
 4 

 ARTICLE II 

REPRESENTATIONS, COVENANTS, AND WARRANTIES OF NEWCO 

As an inducement to, and to obtain the reliance of the Company, Newco represents and warrants as follows: 

2.1 Organization. Newco is a corporation duly organized, validly existing, and in good standing under the laws of the State of Nevada.
Newco has the power and is duly authorized, qualified, franchised, and licensed under all applicable laws, regulations, ordinances, and orders of public authorities to own all of its properties and assets and to carry on its business in all material
respects as it is now being conducted, including qualification to do business as a foreign corporation in jurisdictions in which the character and location of the assets owned by it or the nature of the business transacted by it requires
qualification. The execution and delivery of this Agreement does not, and the consummation of the transactions contemplated by this Agreement in accordance with the terms hereof will not, violate any provision of Newco’s organizational
documents. Newco has taken all action required by laws, its Articles of Incorporation, certificate of business registration, or otherwise to authorize the execution and delivery of this Agreement. Newco has full power, authority, and legal right and
has taken or will take all action required by law, its Articles of Incorporation, and otherwise to consummate the transactions herein contemplated. 

2.2 Capitalization. All issued and outstanding shares of Newco are legally issued, fully paid, and non-assessable and were not issued
in violation of the pre-emptive or other rights of any person. Newco has no outstanding options, warrants, or other convertible securities. 

2.3 Financial Statements. Except as set forth herein or in the Newco Schedules: 

(a) Newco has filed all local income tax returns required to be filed by it from its inception to the date hereof. All such returns are
complete and accurate in all material respects. 
 (b) Newco has no liabilities with respect to the payment of federal, county, local, or
other taxes (including any deficiencies, interest, or penalties), except for taxes accrued but not yet due and payable, for which Newco may be liable in its own right or as a transferee of the assets of, or as a successor to, any other corporation
or entity. 
 (c) No deficiency for any taxes has been proposed, asserted or assessed against Newco. There has been no tax audit, nor has
there been any notice to Newco by any taxing authority regarding any such tax audit, or, to the knowledge of Newco, is any such tax audit threatened with regard to any taxes or Newco tax returns. Newco does not expect the assessment of any
additional taxes of Newco for any period prior to the date hereof and has no knowledge of any unresolved questions concerning the liability for taxes of Newco. 

(d) Newco has provided to the Company the audited, consolidated balance sheet and statements of income, stockHolder’ equity and cash
flows of Newco for the periods ended December 31, 2012, December 31, 2013, and the unaudited, consolidated balance sheet, statements of income, stockHolder’ equity and cash flows of Newco for the period ended March 31, 2014, (collectively, the
“Newco Financial Statements”). The Newco Financial Statements shall have been prepared from the books and records of Newco and audited/reviewed in 

  
 5 

 
accordance with U.S. Generally Accepted Accounting Principles under the PCAOB guidelines by independent certified public accounting firms. Except as set forth in the Newco Schedules (as that term
is defined herein), Newco does not have any liabilities; and 
 (e) The books and records, financial and otherwise, of Newco are in all
material respects complete and correct and have been maintained in accordance with good business and accounting practices. 
 2.4
Information. The information concerning Newco set forth in this Agreement and the Newco Schedules (as that term is defined herein) are and will be complete and accurate in all material respects and does not contain any untrue statement of a
material fact or omit to state a material fact required to make the statements made, in light of the circumstances under which they were made, not misleading as of the date hereof and as of the Closing Date. 

2.5 Common Stock Equivalents. There are no existing options, warrants, calls, and commitments of any character or other common stock
equivalents relating to the authorized and unissued Newco Shares. 
 2.6 Absence of Certain Changes or Events. Except as set forth in
this Agreement or the Newco Schedules: 
 (a) Except in the normal course of business, there has not been (i) any material adverse
change in the business, operations, properties, assets, or condition of Newco; or (ii) any damage, destruction, or loss to Newco (whether or not covered by insurance) materially and adversely affecting the business, operations, properties,
assets, or condition of Newco; 
 (b) Newco has not (i) borrowed or agreed to borrow any funds or incurred, or become subject to, any
material obligation or liability (absolute or contingent) not otherwise in the ordinary course of business; (ii) paid any material obligation or liability not otherwise in the ordinary course of business (absolute or contingent) other than
current liabilities reflected in or shown on the most recent Newco consolidated balance sheet, and current liabilities incurred since that date in the ordinary course of business; (iii) sold or transferred, or agreed to sell or transfer, any of
its assets, properties, or rights not otherwise in the ordinary course of business; (iv) made or permitted any amendment or termination of any contract, agreement, or license to which they are· a party not otherwise in the ordinary
course of business if such amendment or termination is material, considering the business of Newco; or (v) issued, delivered, or agreed to issue or deliver any stock, bonds or other corporate securities including debentures (whether authorized
and unissued or held as treasury stock). 
 2.7 Litigation and Proceedings. There are no actions, suits, proceedings, or
investigations pending or, to the knowledge of Newco, threatened by or against Newco, or affecting Newco, or its properties, at law or in equity, before any court or other governmental agency or instrumentality, domestic or foreign, or before any
arbitrator of any kind. 
 2.8 No Conflict with Other Instruments. The execution of this Agreement and the consummation of the
transactions contemplated by this Agreement will not result in the breach of any term or provision of, or constitute an event of default under, any material indenture, mortgage, deed of trust, or other material contract, agreement, or instrument to
which Newco is a party or to which any of its properties or operations are subject. 

  
 6 

 2.9 Contracts. Newco has provided, or will provide the Company, copies of all material
contracts, agreements or other commitments to which Newco is a party or by which it or any of its assets, products, technology, or properties are bound. 

2.10 Compliance with Laws and Regulations. Newco has complied with all applicable statutes and regulations of any national, county, or
other governmental entity or agency thereof, except to the extent that noncompliance would not materially and adversely affect the business, operations, properties, assets, or condition of Newco. 

2.11 Approval of Agreement. The Board of Directors of Newco and the Newco Holder have authorized the execution and delivery of this
Agreement by Newco and have approved the transactions contemplated hereby. 
 2.12 Title and Related Matters. Newco has good and
marketable title to all of its properties, interest in properties, and assets, real and personal, which are reflected in the Newco balance sheet or acquired after that date (except properties, interest in properties, and assets sold or otherwise
disposed of since such date in the ordinary course of business), free and clear of all liens, pledges, charges, or encumbrances except: statutory liens or claims not yet delinquent; and as described in the Newco Schedules. 

2.13 Governmental Authorizations. Newco has all licenses, franchises, permits, and other government authorizations, that are legally
required to enable it to conduct its business operations in all material respects as conducted on the date hereof. Except for compliance with federal and state securities or corporation laws, as hereinafter provided, no authorization, approval,
consent, or order of, or registration, declaration, or filing with, any court or other government body is required in connection with the execution and delivery by Newco of this Agreement and the consummation by Newco of the transactions
contemplated hereby. 
 2.14 Continuity of Business Enterprises. Newco has no commitment or present intention to liquidate Newco or
sell or otherwise dispose of a material portion of its business or assets following the consummation of the transactions contemplated hereby. 

2.15 Ownership of Newco Shares. The Newco Holder are the legal and beneficial owners of 100% of the Newco Shares as set forth on
Schedule A, free and clear of any claims, charges, equities, liens, security interests, and encumbrances whatsoever, and the Newco Holder have full right, power, and authority to transfer, assign, convey, and deliver their respective Newco Shares;
and delivery of such common stock at the Closing will convey to the Company good and marketable title to such shares free and clear of any claims, charges, equities, liens, security interests, and encumbrances except for any such claims, charges,
equities, liens, security interests, and encumbrances arising out of such shares being held by the Company. 
 2.16 Brokers. Newco
has not entered into any contract with any person, firm or other entity that would obligate Newco or the Company to pay any commission, brokerage or finders’ fee in connection with the transactions contemplated herein. 

2.17 Subsidiaries. There are no Subsidiaries of Newco. 

  
 7 

 2.18 Intellectual Property. Newco owns or has the right to use all Intellectual Property
(as defined below) necessary to use, manufacture, market and distribute the products manufactured, marketed, sold or licensed, and to provide the services provided, by Newco to other parties (together, the “Customer Deliverables”) and to
operate the internal systems of Newco that are material to its business or operations, including, without limitation, computer hardware systems, software applications and embedded systems (the “Internal Systems”; the Intellectual Property
owned by or licensed to Newco and incorporated in or underlying the Customer Deliverables or the Internal Systems is referred to herein as the “Newco Intellectual Property”). Each item of Newco Intellectual Property will be owned or
available for use by the surviving entity immediately following the Closing on substantially identical terms and conditions as it was immediately prior to the Closing. Newco has taken all reasonable measures to protect the proprietary nature of each
item of Newco Intellectual Property. To the knowledge of Newco, (a) no other person or entity has any rights to any of Newco Intellectual Property owned by Newco except pursuant to agreements or licenses entered into by Newco and such person in
the ordinary course, and (b) no other person or entity is infringing, violating or misappropriating any of Newco Intellectual Property. For purposes of this Agreement, “Intellectual Property” means all (i) patents and patent
applications, (ii) copyrights and registrations thereof, (iii) computer software, data and documentation, (iv) trade secrets and confidential business information, whether patentable or un-patentable and whether or not reduced to
practice, know-how, manufacturing and production processes and techniques, research and development information, copyrightable works, financial, marketing and business data, pricing and cost information, business and marketing plans and customer and
supplier lists and information, (v) trademarks, service marks, trade names, domain names and applications and registrations therefore and (vi) other proprietary rights relating to any of the foregoing. 

ARTICLE III 

REPRESENTATIONS, COVENANTS, AND WARRANTIES OF THE COMPANY 

As an inducement to, and to obtain the reliance of Newco, the Company represents and warrants as follows: 

3.1 Organization. The Company is a corporation duly organized, validly existing, and in good standing under the laws of the State of
Nevada and has the corporate power and is duly authorized, qualified, franchised, and licensed under all applicable laws, regulations, ordinances, and orders of public authorities to own all of its properties and assets and to carry on its business
in all material respects as it is now being consummated, and there is no jurisdiction in which it is not qualified in which the character and location of the assets owned by it or the nature of the business transacted by it requires qualification.
Included in the Company Schedules (as hereinafter defined) are complete and correct copies of the Articles of Incorporation and bylaws of the Company, and all amendments thereto, as in effect on the date hereof. The execution and delivery of this
Agreement does not, and the consummation of the transactions contemplated hereby will not, violate ‘any provision of the Company’s Articles of Incorporation or bylaws the Company has taken all action required by law, its Articles of
Incorporation, its bylaws, or otherwise to authorize the execution and delivery of this Agreement, and the Company has full power, authority, and legal right and has taken all action required by law, its Articles of Incorporation, bylaws, or
otherwise to consummate the transactions herein contemplated. 

  
 8 

 3.2 Capitalization. Prior to the Authorized Increase, the Company’s authorized
capitalization consists of One Hundred Million (100,000,000) shares of Common Stock, of which 24,982,822 shares are issued and outstanding at Closing and immediately prior to the issuance of the Exchange Shares; and One Hundred Million
(100,000,000) shares of Preferred Stock, of which no shares are issued and outstanding. All presently issued and outstanding shares are legally issued, fully paid, and non-assessable and not issued in violation of the pre-emptive or other rights of any person. The Exchange Shares will be legally issued, fully paid and non-assessable and shall not be issued in violation of any pre-emptive or other rights of any other person, if
any. 
 3.3 Subsidiaries. 

(a) For each subsidiary of the Company (a “Company Subsidiary”), Section 3.3(a) of the Company Disclosure
Schedule lists the name, jurisdiction of incorporation or organization, and each jurisdiction such Company Subsidiary is qualified to do business. 

(b) Each Company Subsidiary is a corporation or limited liability company duly incorporated or organized, validly existing and in good
standing (except in the case of good standing, any jurisdiction that does not recognize such concept) under the laws of its jurisdiction of incorporation or organization, and has all corporate or limited liability powers, except where failure to be
so incorporated or organized, validly existing or in good standing (except in the case of good standing, any jurisdiction that does not recognize such concept), or to have such corporate or limited liability powers would not have a Material Adverse
Effect. Each Company Subsidiary is duly qualified to do business as a foreign corporation or limited liability company, and is in good standing in each jurisdiction where such qualification is necessary, except for those jurisdictions where failure
to be so qualified or in good standing would not have a Material Adverse Effect. Other than its Subsidiaries, neither the Company nor any of the Subsidiaries beneficially owns or controls, directly or indirectly, any equity or similar securities of
any corporation or other entity whether incorporated or unincorporated. 
 (c) All of the outstanding shares of capital stock of, or other
voting securities or ownership interests in, each of the Company Subsidiaries are owned by the Company, directly or indirectly, free and clear of any Lien other than Liens specified in the organizational documents of such Company Subsidiary and
other than any restrictions imposed under the Securities Act. Other than the outstanding shares of capital stock of, or other voting securities or ownership interests in, each Company Subsidiary that is owned by the Company, directly or indirectly
through one or more Subsidiaries, there are no outstanding (i) shares of capital stock or other voting securities or ownership interests in any of the Company’s Subsidiaries, (ii) securities of the Company or any of its Subsidiaries
convertible into or exchangeable for shares of capital stock or other voting securities or ownership interests in any of the Company’s Subsidiaries, or (iii) options or other rights by any Person other than the Company or any of its
Subsidiaries to acquire from the Company or any of its Subsidiaries, or other obligation of the Company or any of its Subsidiaries to issue, any capital stock or other voting securities or ownership interests in, or any securities convertible into
or exchangeable for any capital stock or other voting securities or ownership interests in, any of the Company’s Subsidiaries. 

  
 9 

 3.4 Financial Statements. Except as described herein or in the Company Schedules: 

(a) The Company has no liabilities with respect to the payment of any federal, state, county, local, or other taxes (including any
deficiencies, interest, or penalties), except for taxes accrued but not yet due and payable, for which the Company may be liable in its own right, or as a transferee of the assets of, or as a successor to, any other corporation or entity. 

(b) The Company has filed all federal, state, or local income tax returns required to be filed by it from inception. 

(c) The books and records, financial and otherwise, of the Company are in all material respects complete and correct and have been maintained
in accordance with good business and accounting practices. 
 (d) No deficiency for any taxes has been proposed, asserted or assessed
against the Company. There has been no tax audit, nor has there been any notice to the Company by any taxing authority regarding any such tax, audit, or, to the knowledge of the Company, is any such tax audit threatened with regard to any taxes or
the Company tax returns. The Company does not expect the assessment of any additional taxes of the Company for any period prior to the date hereof and has no knowledge; of any unresolved questions concerning the liability for taxes of the Company.

 (e) The Company has good and marketable title to its assets and, except as set forth in the Company Schedules, has no material contingent
liabilities, direct or indirect, matured or un-matured. 
 3.5 Information. The information concerning the Company set forth in this
Agreement and the Company Schedules are and will be complete and accurate in all material respects and does not contain any untrue statement of a material fact or omit to state a material fact required to make the statements made, in light of the
circumstances under which they were made, not misleading as of the date hereof and as of the Closing Date. 
 3.6 Common Stock
Equivalents. Except as set forth in the Company Financial Statements, there are no existing options, warrants, calls; and commitments of any character or other common stock equivalents relating to authorized and unissued stock of the Company.

 3.7 Absence of Certain Changes or Events. Except as described herein or in the Company Schedules or actions pertaining to the
spin-off of the Company’s business in China: 
 (a) There has not been (i) any material adverse change, financial or otherwise, in
the business, operations, properties, assets, or condition of the Company (whether or not covered by insurance) materially and adversely affecting the business, operations, properties, assets, or condition of the Company; 

(b) The Company has not (i) amended its Articles of Incorporation or By-Laws; (ii) declared or made, or agreed to declare or make
any payment of dividends or distributions of any assets of any kind whatsoever to stockHolder or purchased or redeemed, or agreed to purchase or redeem, any of its capital stock; (iii) waived any rights of value which in the aggregate are
extraordinary or material considering the business of the Company; (iv) made any material change in its method of management, operation, or accounting; (v) entered into any other material transactions; (vi) made any accrual or
arrangement for or payment of bonuses or 

  
 10 

 
special compensation of any kind or any severance or termination pay to any present or former officer or employee; (vii) increased the rate of compensation payable or to become payable by it
to any of its officers or directors or any of its employees; or (viii) made any increase in any profit sharing, bonus, deferred compensation, insurance, pension, retirement, or other employee benefit plan, payment, or arrangement, made to, for,
or with its officers, directors, or employees; 
 (c) The Company has not (i) granted or agreed to grant any options, warrants, or
other rights for its stocks, bonds, or other corporate securities calling for the issuance thereof; (ii) borrowed or agreed to borrow any funds or incurred, or become subject to, any material obligation or liability (absolute or contingent)
except liabilities incurred in the ordinary course of business; (iii) paid or agreed to pay any material obligation or liability (absolute or contingent) other than current liabilities reflected in or shown on the most recent the Company
balance sheet and current liabilities incurred since that date in the ordinary course of business and professional and other fees and expenses incurred in connection with the preparation of this Agreement and the consummation of the transactions
contemplated hereby; (iv) sold or transferred, or agreed to sell or transfer, any of its assets, property, or-rights (except assets, property, or rights not used or useful in its business which, in the aggregate have a value of less than
$50,000), or canceled, or agreed to cancel, any debts or claims (except debts or claims which- in the aggregate are of a value of less than $5,000); (v) made or permitted any amendment or termination of any contract, agreement, or license to
which it is a party if such amendment or termination is material, considering the business of the Company; or (vi) issued, delivered, or agreed to issue or deliver any stock, bonds, or other corporate securities including debentures (whether
authorized and unissued or held as treasury stock), except in connection with this Agreement; 
 (d) The Company has no assets, liabilities
or accounts payable of any kind or nature, actual or contingent, in excess of $5,000 in the aggregate as of the Closing Date; and 
 (e) To
the best knowledge of the Company, it has not become subject to any law or regulation which materially and adversely affects, or in the future may adversely affect, the business, operations, properties, assets, or condition of the Company. 

3.8 Title and Related Matters. The Company has good and marketable title to all of its properties, interest in properties, and assets,
real and personal, which are reflected in the Company balance sheet or acquired after that date (except properties, interest in properties, and assets sold or otherwise disposed of since such date in the ordinary course of business), free and clear
of all liens, pledges, charges, or encumbrances except: 
 (a) statutory liens or claims not yet delinquent; 

(b) such imperfections of title and easements as do not and will not materially detract from or interfere with the present or proposed use of
the properties subject thereto or affected thereby or otherwise materially impair present business operations on such properties; and 
 (c)
as described in the Company Schedules. 

  
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 3.9 Litigation and Proceedings. There are no actions, suits, or proceedings pending or, to
the knowledge of the Company, threatened by or against or affecting the Company, at law or in equity, before any court or other governmental agency or instrumentality, domestic or foreign, or before any arbitrator of any kind. 

3.10 Contracts. The Company is not a party to any material contract, agreement, or other commitment, except as specifically disclosed
in its schedules to this Agreement. 
 3.11 No Conflict with Other Instruments. The execution of this Agreement and the consummation
of the transactions contemplated by this Agreement will not result in the breach of any term or provision of, or constitute a default under, any indenture, mortgage, deed of trust, or other material agreement or instrument to which the Company is a
party or to which it or any of its assets or operations are subject. 
 3.12 Governmental Authorizations. The Company is not required
to have any licenses, franchises, permits, and other government authorizations, that are legally required to enable it to conduct its business operations in all material respects as conducted on the date hereof. Except for compliance with federal
and state securities or corporation laws, as hereinafter provided, no authorization, approval, consent, or order of, or registration, declaration, or filing with, any court or other governmental body is required in connection with the execution and
delivery by the Company of this Agreement and the consummation by the Company of the transactions contemplated hereby. 
 3.13 Compliance
with Laws and Regulations. To the best of its knowledge, the Company has complied with all applicable statutes and regulations of any federal, state, or other applicable governmental entity or agency thereof, except to the extent that
noncompliance would not materially and adversely affect the business, operations, properties, assets, or conditions of the Company or except to the extent that noncompliance would not result in the incurrence of any material liability. 

3.14 Insurance. The Company owns no insurable properties and carries no casualty or liability insurance. 

3.15 Approval of Agreement. The Board of Directors of the Company has authorized the execution and delivery of this Agreement by the
Company and has approved this Agreement and the transactions contemplated hereby. 
 3.16 Material Transactions of Affiliates. Except
as disclosed herein and in the Company Schedules, there exists. no material contract, agreement, or arrangement between the Company and any person who was at the time of such contract, agreement, or arrangement an officer, director, or person owning
of record or known by the Company to own beneficially, 10% or more of the issued and outstanding common stock of the Company and which is to be performed in whole or in part after the date hereof or was entered into not more than three years prior
to the date hereof. Neither any officer, director, nor 10% stockholder of the Company has, or has had during the last preceding full fiscal year, any known interest in any material transaction with the Company which was material to the business of
the Company. The Company has no commitment, whether written or oral, to lend any funds to, borrow any money from, or enter into any other material transaction with any such affiliated person. 

  
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 3.17 Employment Matters. 

(a) Neither the Company nor any Company Subsidiary is a party to any collective bargaining agreement or other contract or agreement with any
group of employees, labor organization or other representative of any of the employees of the Company or any Company Subsidiary and, to the knowledge of the Company, there are no organizational or decertification efforts presently being made
involving any of the employees of the Company or its Subsidiaries. Within the past three (3) years, there have been no strikes, slowdowns, work stoppages, lockouts or other material labor disputes with respect to any employees of the Company or
any Company Subsidiary. To the Company’s knowledge, no executive or key employee or group of employees of the Company has any plan to terminate his or her employment with the Company or has threatened to do so. The Company and its Subsidiaries
have complied in all material respects with all laws relating to employment and labor, including, any provisions thereof relating to wages, hours and collective bargaining. No person has asserted that the Company or any of its Subsidiaries is liable
for any arrears of wages or penalties for failure to comply with any of such laws. 
 (b) No Company employee is a party to a written
employment agreement or contract with the Company or any Company Subsidiary for a specified length of time and each is employed “at will.” 

3.18 The Company Schedules. Prior to the Closing, the Company shall have delivered to Newco the following schedules, which are
collectively referred to as the “the Company Schedules,” which are dated the date of this Agreement, all certified by an officer to be complete, true, and accurate. 

(a) a schedule containing complete and accurate copies of the Articles of Incorporation, and amendments thereto, if applicable, and by-laws,
as amended, of the Company as in effect as of the date of this Agreement; 
 (b) a schedule containing a certified shareholder listing from
the transfer agent of the Company or certified by the Chairman of the Board and Chief Executive Officer of the Company; and 
 (c) a
schedule setting forth any other information, together with any required copies of documents, required to be disclosed in the Company Schedules. 

3.19 Brokers. The Company has not entered into any contract with any person, firm or other entity that would obligate Newco or the
Company to pay any commission, brokerage or finders’ fee in connection with the transactions contemplated herein. 

  
 13 

 ARTICLE IV 

COVENANTS 
 4.1 Current
Report. If and when applicable, the Parties shall file a current report on Form 8-K relating to this Agreement and the transactions contemplated hereby (the “Current Report”). Each of the Company and Newco shall cause the Current
Report to be filed with the Securities & Exchange Commission (“SEC”) no later than four business days of the Closing and to otherwise comply with all requirements of applicable federal and state securities laws 

4.2 Actions of the Company’s ShareHolder. Prior to the Closing, the Company shall cause the following actions to be taken by the
written consent of the Holder of a majority of the outstanding shares of common stock of the Company: 
 (a) the approval of this Agreement,
the Charter Amendment, the Financing, the Appointment, and the Spin-Off and the transactions contemplated hereby and thereby; and 
 (b)
such other actions as the directors may determine are necessary or appropriate. 
 4.3 Actions of Newco. Prior to the Closing, Newco
shall cause the following actions to be taken by the written consent of the Holder of a majority of the outstanding shares of common stock of Newco: 

(a) the approval of this Agreement and the transactions contemplated hereby and thereby; and 

(b) such other actions as the directors may determine are necessary or appropriate. 

4.4 Access to Properties and Records. The Company and Newco will each afford to the officers and authorized representatives of the
other reasonable access to the properties, books, and records of the Company or Newco in order that each may have full opportunity to make such reasonable investigation as it shall desire to make of the affairs of the other, and each will furnish
the other with such additional financial and operating data and other information as to the business and properties of the Company or Newco as the other shall from time to time reasonably request. 

4.5 Delivery of Books and Records. At the Closing, the Company shall deliver to Newco, the originals of the corporate minute books,
books of account, contracts, records, and all other books or documents of the Company now in the possession or control of the Company or its representatives and agents. 

4.6 Actions Prior to Closing by both Parties. 

(a) From and after the date of this Agreement until the Closing Date and except as set forth in the Company or Newco Schedules or as permitted
or contemplated by this Agreement, the Company and Newco will each: (i) carry on its business in substantially the same manner as it has heretofore; (ii) keep its properties in states of good repair arid condition as at present, except for
depreciation due to ordinary wear and tear and damage due to casualty; (iii) maintain in full force and effect insurance comparable in an amount and in scope of coverage to that now maintained by it; (iv) perform in all material respects
all of its obligation under material contracts, leases, and instruments relating to or affecting its assets, properties, and business; (v) use its best efforts to maintain and preserve. its business organization intact, to retain its key
employees, and to maintain its relationship with its material suppliers and 

  
 14 

 
customers; and (vi) fully comply with and perform in all material respects all obligations and duties imposed on it by all federal and state laws and all rules, regulations, and orders
imposed by federal or state governmental authorities. 
 (b) Except as set forth herein, from and after the date of this Agreement until the
Closing Date, neither the Company nor Newco will: (i) make any change in their organizational documents, charter documents or bylaws; (ii) take any action described in Section 2.6 in the case of Newco, or in Section 3.7, in the case
of the Company (all except as permitted therein or as disclosed in the applicable party’s schedules); (iii) enter into or amend any contract, agreement, or other instrument of any of the types described in such party’s schedules,
except that a party may enter into or amend any contract, agreement, or other instrument in the ordinary course of business involving the sale of goods or services, or (iv) make or change any material tax election, settle or compromise any
material tax liability or file any amended tax return. 
 4.7 Appointment of Board Members. At the Closing, the Company’s
current officers and directors shall have resigned effective upon the appointment of Newco’s Board of Directors set forth on Schedule B on the Closing Date as members of the Company’s Board of Directors. 

4.8 Mutual Indemnification. 

(a) Newco hereby agrees to indemnify the Company and each of the officers, advisors, creditors, agents and directors of the Company as of the
date of execution of this Agreement against any loss, liability, claim, damage, or expense (including, but not limited to, any and all expense whatsoever reasonably incurred in investigating, preparing, or defending against any litigation, commenced
or threatened, or any claim whatsoever), to which it or they may become subject arising out of or based on any inaccuracy appearing in or misrepresentation made in Article II. The indemnification provided for in this paragraph shall not survive the
Closing and consummation of the transactions contemplated hereby but shall survive the termination of this Agreement pursuant to Section 7.1 of this Agreement. 

(b) The Company hereby agrees to indemnify Newco and each of the officers, advisors, creditors, agents and directors of Newco as of the date
of execution of this Agreement against any loss, liability, claim, damage, or expense (including, but not limited to, any and all expense whatsoever reasonably incurred in investigating, preparing, or defending against any litigation, commenced or
threatened, or any claim whatsoever), to which it or they may become subject arising out of or based on any inaccuracy :appearing in or misrepresentation made under Article Ill. The indemnification provided for in this paragraph shall not survive
the Closing and consummation of the transactions contemplated hereby but shall survive the termination of this Agreement pursuant to Section 7.1 of this Agreement. 

4.9 Plan of Reorganization. This Agreement is intended to constitute a “plan of reorganization” within the meaning of
Treasury Regulation Section 1.368-2(g). From and after the date of this Agreement and until the Closing Date, each Party hereto shall use its reasonable best efforts to cause the Share Exchange to qualify; and will not knowingly take any
action, cause any action to be taken; fail to take any action or cause any action to fail to be taken which action or failure to act could prevent the Share Exchange from qualifying as a reorganization under the provisions of Section 368(a) of
the Code. 

  
 15 

 4.10 Financial Statements. (a) At the Closing, the Company shall deliver to Newco the
financial statements of the Company as filed with the Securities and Exchange Commission for the last two fiscal years and any interim periods up to the date of the Spin-off, including any and all of the information used to prepare the financial
statements including, but not limited to, work papers, general ledgers. QuickBooks files and any and all files and documents used to prepare same. 

(b) At the Closing, Newco shall deliver to the Company the financial statements of Newco for the last two fiscal years and any interim periods
up to the Closing Date, including any and all of the information used to prepare the financial statements including, but not limited to, work papers, general ledgers. QuickBooks files and any and all files and documents used to prepare same. 

ARTICLE V 
 CONDITIONS
PRECEDENT TO OBLIGATIONS OF THE COMPANY 
 The obligations of the Company under this Agreement are subject to the satisfaction, at or
before the Closing, of the following conditions: 
 5.1 Accuracy of Representations; Performance. The representations and warranties
made by Newco in this Agreement were true when made and shall be true at the Closing Date with the same force and effect as if such representations and warranties were made at and as of the Closing Date (except for changes therein permitted by this
Agreement), and Newco shall have performed or complied with all covenants and conditions required by this Agreement to be performed or complied with by Newco prior to or at the Closing. The Company may request to be furnished with a certificate,
signed by a duly authorized officer of Newco and dated the Closing Date, to the foregoing effect. 
 5.2 Officer’s Certificates.
The Company shall have been furnished with a certificate dated the Closing Date and signed by a duly authorized officer of Newco to the effect that no litigation, proceeding, investigation, or inquiry is pending or, to the best knowledge of Newco
threatened, which might result in an action to enjoin or prevent the consummation of the transactions contemplated by this Agreement, or, to the extent not disclosed in the Newco Schedules, by or against Newco which might result in any material
adverse change in any of the assets, properties, business, or operations of Newco. 
 5.3 No Material Adverse Change. Prior to the
Closing Date, there shall not have occurred any material adverse change in the financial condition, business, or operations of Newco, nor shall any event that has occurred which, with the lapse of time or the giving of notice, may cause or create
any material adverse change in the financial condition, business, or operations. 
 5.4 Good Standing. The Company shall have
received certificates of good standing from the Secretary of State of Nevada a certifying that Newco is in good standing in such jurisdictions, respectively. 

  
 16 

 5.5 Other Items. 

(a) The Company shall have received such further documents, certificates, or instruments relating to the transactions contemplated hereby as
the Company may reasonably request. 
 (b) Complete and satisfactory due diligence review of Newco by the Company. 

(c) Approval of the Transaction by the Newco Board and the Newco Holder. 

ARTICLE VI 
 CONDITIONS
PRECEDENT TO OBLIGATIONS OF NEWCO 
 The obligations of Newco under this Agreement are subject to the satisfaction, at or before the
Closing, of the following conditions: 
 6.1 Approval of Reorganization. The Company shall have obtained the prior written consent of
a majority of the Company’s shareHolder prior to the Exchange for the Charter Amendment, the Conversion, the Financing, the Appointments, the Spin-Off and the NYGG Debt Conversion and shall have filed a Definitive Information Statement related
to such approvals. 
 6.2 Approval of Listing. The Company’s listing for trading by NASDAQ under a proposed stock symbol
“SIXD” or such similar name as is available and granted by NASDAQ. 
 6.3 Completion of the Financing. The aggregate
proceeds from the Financing shall have been raised and placed in escrow with an escrow agent wherein net proceeds shall be released to the Company at the Closing. 

6.4 Accuracy of Representations; Performance. The representations and warranties made by the Company in this Agreement were true when
made and shall be true as of the Closing Date (except for changes therein permitted by this Agreement) with the same force and effect as if such representations and warranties were made at and as of the Closing Date, and the Company shall have
performed and complied with all covenants and conditions required by this Agreement to be performed or complied with by the Company prior to or at the Closing. Newco shall have been furnished with a certificate, signed by a duly authorized executive
officer of the Company and dated the Closing Date, to the foregoing effect. 
 6.5 No Material Adverse Change. Prior to the Closing
Date, there shall not have occurred any material adverse change in the financial condition, business, or operations of the Company nor shall any event have occurred which, with the lapse of time or the giving of notice, may cause or create any
material adverse change in the financial condition, business, or operations of the Company. 

  
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 6.6 Good Standing. Newco shall have received a certificate of good standing from the
Secretary of State of the State of Nevada or other appropriate office, dated as of a date within ten days prior to the Closing Date certifying that the Company is in good standing as a corporation in the State of Nevada. 

6.7 Officer’s Certificate. Newco shall have been furnished with a certificate dated the Closing Date and signed by a duly
authorized executive officer of the Company to the effect that no litigation, proceeding, investigation, or inquiry is pending or, to the best knowledge of the Company threatened, which might result in an action to enjoin or prevent the consummation
of the transactions contemplated by this Agreement 
 6.8 Other Items. 

(a) Newco shall have received a stockholder list of the Company containing the name, address, and number of shares held by each the Company
stockholder as of the date of Closing certified by an executive officer of the Company as being true, complete, accurate, and further certified, by the Company transfer agent. 

(b) Newco shall have received such further documents, certificates, or instruments relating to the transactions contemplated hereby as Newco
may reasonably request. 
 (c) Complete and satisfactory due diligence review of the Company by Newco. 

(d) Approval of the Transaction by the Company’s Board of Directors and a majority of shareHolder of the Company. 

(e) There shall have been no material adverse changes in the Company, financial or otherwise. 

(f) There shall be no change to the Company Common Stock Equivalents outstanding as of immediately prior to the Closing. For purposes of the
foregoing, the “Company Common Stock Equivalents” shall mean any subscriptions, warrants, options or other rights or commitments of any character to subscribe for or purchase from the Company, or obligating the Company to issue, any shares
of any class of the capital stock of the Company or any securities convertible into or exchangeable for such shares. 
 ARTICLE VII

 TERMINATION 
 7.1
Termination. 
 (a) This Agreement may be terminated by either the Newco Board or the Company Board at any time prior to the Closing
Date if: (i) there shall be any actual or threatened action or proceeding before any court or any governmental body which shall seek to 

  
 18 

 
restrain, prohibit, or invalidate the transactions contemplated by this Agreement and which, in the judgment of such board of directors, made in good faith and based on the advice of its legal
counsel, makes it inadvisable to proceed with the exchange contemplated by this Agreement; (ii) any of the transactions contemplated hereby are disapproved by any regulatory authority whose approval is required to consummate such transactions
or in the judgment of such board of directors, made in good faith and based on the advice of counsel, there is substantial likelihood that any such approval will not be obtained or will be obtained only on a condition or conditions which would be
unduly burdensome, making it inadvisable to proceed with the exchange; (iii) there shall have been any change after the date of the latest balance sheets of Newco and the Company, respectively, in the assets, properties, business, or financial
condition of Newco and the Company, which could have a materially adverse effect on the value of the business of Newco and the Company respectively, except any changes disclosed in the Newco and the Company Schedules, as the case may be, dated as of
the date of execution of this Agreement. In the event of termination pursuant to this paragraph (a) of Section 7, no obligation, right, or liability shall arise hereunder, and each party shall bear all of the expenses incurred by it in
connection with the negotiation, drafting, and execution of this Agreement and the transactions herein contemplated; (iv) the Closing Date shall not have occurred by December 31, 2014; or (v) if the Company shall not have satisfied
Newco’s reasonable request for due diligence materials. 
 (b) This Agreement may be terminated at any time prior to the Closing by
action of the Company Board if Newco shall fail to comply in any material respect with any of its covenants or agreements contained in this Agreement or if any of the representations or warranties of Newco contained herein shall be inaccurate in any
material respect, and, in either case if such failure is reasonably subject to cure, it remains uncured for seven days after notice of such failure is provided to Newco. If this Agreement is terminated pursuant to this paragraph (b) of
Section 7.1, this Agreement shall be of no further force or effect, and no obligation, right, or liability shall arise hereunder, except that Newco shall bear its own costs as well as the costs incurred by the Company in connection with th123e
negotiation, preparation, and execution of this Agreement and qualifying the offer and sale of securities contemplated hereby for exemption from the registration requirements of state and federal securities laws. 

(c) This Agreement may be terminated at any time prior to the Closing by action of the Newco Board if the Company shall fail to comply in any
material respect with any of its covenants or agreements contained in this Agreement or if any of the representations or warranties of the Company contained herein shall be inaccurate in any material respect, and, in either case if such failure is
reasonably subject to cure, it remains uncured for seven days after notice of such failure is provided to the Company. If this Agreement is terminated pursuant to this paragraph (c) of Section 7.1, this Agreement shall be of no further
force or effect, and no obligation, right, or liability shall arise hereunder, except that the Company shall bear its own costs as well as the costs of Newco incurred in connection with the negotiation, preparation and execution of this Agreement.

  
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 ARTICLE VIII 

MISCELLANEOUS 
 8.1
Governing Law. This Agreement shall be governed by, enforced, and construed under and in accordance with the laws of the United States of America; and, with respect to matters of state law, with the laws of New York. Any dispute arising under
or in any way related to this Agreement will be submitted to binding arbitration before a single arbitrator by the American Arbitration Association in accordance with the Association’s commercial rules then in effect. The arbitration will be
conducted in New York County, New York. The decision of the arbitrator will set forth in reasonable detail the basis for the decision and will be binding on the parties. The arbitration award may be confirmed by any court of competent jurisdiction.

 8.2 Notices. Any notices or other communications required or permitted hereunder shall be sufficiently given if personally
delivered to it or sent by email, courier service, registered mail or certified mail, and any such notice or communication shall be deemed to have been given on the date received. 

8.3 Confidentiality. The Company, on the one hand, and Newco and the Newco ShareHolder, on the other hand, will keep confidential all
information and materials regarding the other Party designated by such Party as confidential. The provisions of this Section 8.4 shall not apply to any information which is or shall become part of the public domain through no fault of the Party
subject to the obligation from a third party with a right to disclose such information free of obligation of confidentiality and subject to any legal obligations to disclose. Newco and the Company agree that no public disclosure will be made by
either Party of the existence of the Transaction; the letter of intent or any of its terms without first advising the other Party and obtaining its prior written consent to the proposed disclosure, unless such disclosure is required by law,
regulation or stock exchange rule. 
 8.4 Expenses. Except as otherwise set forth herein, all costs and expenses associated with the
transactions contemplated by this Agreement shall be paid out of the Financing proceeds. Without limiting the generality of the foregoing, all costs and expenses incurred by the Company and Newco after the Closing shall be borne by the surviving
entity. 
 8.5 Schedules; Knowledge. Each Party is presumed to have full knowledge of all information set forth in the information
disclosed and delivered by the other Party pursuant to this Agreement. 
 8.6 Third Party Beneficiaries. This Agreement is solely
among the Company, Newco and the Newco ShareHolder, and, except as specifically provided, no director, officer, stockholder, employee, agent, independent contractor, or any other person or entity shall be deemed to be a third party beneficiary of
this Agreement. 
 8.7 Entire Agreement. This Agreement represents the entire agreement between the Parties relating to the
Transaction. There are no other courses of dealing, understandings, agreements, representations, or warranties, written or oral, except as set forth herein. 

8.8 Survival. The representations and warranties of the respective Parties shall survive the Closing Date and the consummation of the
transactions herein contemplated. 

  
 20 

 8.9 Counterparts. This Agreement may be executed in multiple counterparts, each of which
shall be deemed an original and all of which taken together shall be but a single instrument. 
 8.10 Amendment or Waiver. Every
right and remedy provided herein shall be cumulative with every other right and remedy, whether conferred herein, at law, or in equity, and may be enforced concurrently herewith, and no waiver by any party of the performance of any obligation by the
other shall be construed as a waiver of the same or any other default then, theretofore, or thereafter occurring or existing. This Agreement may only be amended by a writing signed by all Parties hereto, with respect to any of the terms contained
herein, and any term or condition of this Agreement may be waived or the time for performance hereof may be extended by a writing signed by the Party or Parties for whose benefit the provision is intended. 

(Signature page to follow.) 

  
 21 

									
	CLEANTECH INNOVATIONS, INC.	 		 	INITIAL KONCEPTS, INC.
					
	By:	 	 /s/ Terry McEwen
	 		 	By:	 	 /s/ Tejune Kang

		 	Terry McEwen	 		 		 	Tejune Kang
		 	Chairman of the Board and Chief	 		 		 	Chairman of the Board and Chief
		 	Executive Officer	 		 		 	Executive Officer
				
		 		 		 	SHAREHOLDER OF INITIAL
		 		 		 	KONCEPTS, INC.
				
		 		 		 	 /s/ Tejune Kang

		 		 		 	Tejune Kang

  
 22 

 SCHEDULE A 
  

			
	 Name of Newco

Shareholder
	  	 Number of Exchange

Shares

	 Tejune Kang
	  	to be provided
		
		  	
		
		  	
		
		  	
		
		  	
		
		  	
		
		  	
		
		  	

  
 23 

 SCHEDULE B 

Post-Merger Board of Directors * 
  

			
	 Name
	  	 Title

	 1) Tejune Kang
  

2) Adam Hartung
  

3) Terry McEwen
  

4) Anubhav Saxena
	  	 Chairman & CEO
  

Independent Director
  

Independent Director
  

Independent Director

  

	*	Subject to change and adjustment 

  
 24 

 SCHEDULE C 
  

					
	 CleanTech ShareHolder
	  	Number of Cleantech Common Stock
for Cancellation	 
	 Bei Lu
	  	 	9,482,751	  
	 Dianfu Lu
	  	 	2,117,691	  
	 Wenge Chen
	  	 	2,117,691	  
	 Ping Chen
	  	 	755,635	  
	 Shengfen Lin
	  	 	755,635	  
	 ShareHolder set forth in the Company’s S-1 registration statement, which was declared effective by the SEC on December 23,
2010
	  	 	2,500,000	  
		  	  
	  
	 
	 TOTAL:
	  	 	17,729,403 SHARES	  
		  	  
	  
	 

  
 25

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