Document:

Second Amended and Restated Lender Note

 Exhibit 10.3 

SECOND AMENDED AND RESTATED THREE PILLARS
LENDER NOTE 
 July 29, 2010 

FOR VALUE RECEIVED, JARDEN RECEIVABLES, LLC, a Delaware
limited liability company (the “Borrower”), promises to pay to THREE PILLARS FUNDING LLC, a Delaware limited liability company (“Three Pillars”), or its registered
assigns, on or before the Commitment Termination Date, the aggregate unpaid principal amount of all Loans shown on the schedule attached hereto (and/or any continuation thereof and/or in the records of Three Pillars) made by Three Pillars pursuant
to that certain Second Amended and Restated Loan Agreement, dated as of July 29, 2010 (together with all amendments and other modifications, if any, from time to time thereafter made thereto, the “Loan Agreement”), among the
Borrower, Jarden Corporation, as the Servicer, Three Pillars, Wells Fargo Bank, National Association, as a Lender, and SunTrust Robinson Humphrey, Inc., as Administrator. 

The Borrower also promises to pay interest on the unpaid principal amount hereof from time to time outstanding from the date hereof until
maturity (whether by acceleration or otherwise) and, after maturity, until paid, at the rates per annum and on the dates specified in the Loan Agreement. 

Payments of both principal and interest are to be made in lawful money of the United States of America in immediately available funds to
the account designated by the Administrator pursuant to the Loan Agreement. 
 This promissory note is a “Lender Note”
referred to in, and evidences indebtedness incurred under, the Loan Agreement, and the holder hereof is entitled to the benefits of the Loan Agreement, to which reference is made for a description of the security for this Lender Note and for a
statement of the terms and conditions on which the Borrower is permitted and required to make prepayments and repayments of principal of the indebtedness evidenced hereby and on which such indebtedness may be declared to be immediately due and
payable. Unless otherwise defined, capitalized terms used herein have the meanings provided in the Loan Agreement. This promissory note amends and restates in its entirety that certain Lender Note dated August 8, 2007 made by the Borrower in
favor of Three Pillars. 
 All parties hereto, whether as makers, endorsers, or otherwise, severally waive presentment for
payment, demand, protest and notice of dishonor. 

 THIS LENDER NOTE SHALL
BE DEEMED TO BE A CONTRACT MADE UNDER AND GOVERNED BY THE
INTERNAL LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO ANY
OTHERWISE APPLICABLE PRINCIPLES OF CONFLICTS OF LAWS (OTHER THAN SECTION 5-1401
OF THE GENERAL OBLIGATIONS LAW). 
  

					
	JARDEN RECEIVABLES, LLC
	
	 By: SUNBEAM PRODUCTS, INC.
Its: manager and sole
member

		
	By:	 	 /s/ John E. Capps

		 	Name:	 	 John E. Capps

		 	Title:	 	 Vice President

 

 -2-Lender Note

 Exhibit 10.4 

WELLS FARGO LENDER NOTE 

July 29, 2010 

FOR VALUE RECEIVED, JARDEN RECEIVABLES, LLC, a Delaware
limited liability company (the “Borrower”), promises to pay to WELLS FARGO BANK, NATIONAL ASSOCIATION (“Wells Fargo”), or its registered
assigns, on or before the Commitment Termination Date, the aggregate unpaid principal amount of all Loans shown on the schedule attached hereto (and/or any continuation thereof and/or in the records of Wells Fargo) made by Wells Fargo pursuant to
that certain Second Amended and Restated Loan Agreement, dated as of July 29, 2010 (together with all amendments and other modifications, if any, from time to time thereafter made thereto, the “Loan Agreement”), among the
Borrower, Jarden Corporation, as the Servicer, Wells Fargo, Three Pillars Funding LLC, as a Lender, and SunTrust Robinson Humphrey, Inc., as Administrator. 

The Borrower also promises to pay interest on the unpaid principal amount hereof from time to time outstanding from the date hereof until
maturity (whether by acceleration or otherwise) and, after maturity, until paid, at the rates per annum and on the dates specified in the Loan Agreement. 

Payments of both principal and interest are to be made in lawful money of the United States of America in immediately available funds to
the account designated by the Administrator pursuant to the Loan Agreement. 
 This promissory note is a “Lender Note”
referred to in, and evidences indebtedness incurred under, the Loan Agreement, and the holder hereof is entitled to the benefits of the Loan Agreement, to which reference is made for a description of the security for this Lender Note and for a
statement of the terms and conditions on which the Borrower is permitted and required to make prepayments and repayments of principal of the indebtedness evidenced hereby and on which such indebtedness may be declared to be immediately due and
payable. Unless otherwise defined, capitalized terms used herein have the meanings provided in the Loan Agreement. 
 All
parties hereto, whether as makers, endorsers, or otherwise, severally waive presentment for payment, demand, protest and notice of dishonor. 

 THIS LENDER NOTE SHALL
BE DEEMED TO BE A CONTRACT MADE UNDER AND GOVERNED BY THE
INTERNAL LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO ANY
OTHERWISE APPLICABLE PRINCIPLES OF CONFLICTS OF LAWS (OTHER THAN SECTION 5-1401
OF THE GENERAL OBLIGATIONS LAW). 
  

					
	JARDEN RECEIVABLES, LLC
	
	By: SUNBEAM PRODUCTS, INC.
	    Its: manager and sole member
		
	By:	 	 /s/ John E. Capps

		 	Name:	 	 John E. Capps

		 	Title:	 	 Vice President

 

 -2-EXHIBIT 4.1

 Exhibit 4.1 

AMERICAN CAPITAL, LTD. 

2009 STOCK OPTION PLAN 

1. Definitions 
 In this
Plan, except where the context otherwise indicates, the following definitions apply: 
 1.1 “Affiliate” means a parent
or subsidiary corporation of the Company, as defined in Sections 424(e) and (f) of the Code (but substituting “the Company” for “employer corporation”), including any parent or subsidiary of the Company which becomes such
after adoption of the Plan. 
 1.2 “Agreement” means a written agreement granting an Option that is in such form as
the Committee in its discretion shall determine and is executed by the Company and the Optionee. 
 1.3 “Board” means
the Board of Directors of the Company. 
 1.4. “Cause” has the meaning set forth in Section 7.5. 

1.5. “Code” means the Internal Revenue Code of 1986, as amended. 

1.6. “Committee” means the committee(s) of the Board appointed by the Board to administer the Plan. Unless otherwise determined
by the Board, (a) the Executive Committee of the Board shall be the Committee with respect to participation by and Option grants to Eligible Individuals who are Non-Employee Directors, and (b) the Compensation and Corporate Governance
Committee of the Board shall be the Committee with respect to participation by and Option grants to all other Eligible Individuals. 

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

1.8. “Company” means American Capital, Ltd., a Delaware corporation. 

1.9. “Date of Exercise” means the date on which the Company receives notice of the exercise of an Option in accordance with the
terms of Article 7. 
 1.10. “Date of Grant” means the date on which an Option is granted under the Plan.

 1.11. “Director” means a member of the Board of Directors of the Company. 

1.12. “Director Effective Date” means the date on which the Securities and Exchange Commission grants an order approving the
Plan as it applies to the participation of Non-Employee Directors. 
 1.13. “Director Option Shares” has the meaning
set forth in Section 5.1. 
 1.14. “Disability” means a permanent and total disability within the meaning of
Section 22(e)(3) of the Code, as determined by the Committee. 
 1.15. “Eligible Individual” means any Employee
or any Director, including any Non-Employee Director. 
 1.16. “Employee” means any person who the Committee
determines to be an employee of the Company or, if permitted by law, an Affiliate. 
 1.17. “Employee Option Shares”
has the meaning set forth in Section 5.1. 

 1.18. “Fair Market Value” means, as of any date, the value of the Common Stock
determined as follows: (a) if the Common Stock is listed on any established exchange or traded on The NASDAQ Global Select Market, the Fair Market Value of a share of Common Stock shall be the closing sales price for such stock (or the closing
bid, if no sales were reported) as quoted on such exchange or market (or the exchange or market with the greatest volume of trading in the Common Stock) on the Date of Grant, as reported in The Wall Street Journal or such other source as the
Board deems reliable; or (b) in the absence of such markets for the Common Stock, the Fair Market Value shall be determined in good faith by the Board, but in no event shall be less than the current net asset value of the Common Stock.

 1.19. “Incentive Stock Option” means an Option granted under the Plan that qualifies as an incentive stock option
under Section 422 of the Code and that the Company designates as such in the Agreement granting the Option. 
 1.20.
“Initial Eligible Director” means any Non-Employee Director who is an Eligible Individual as of the Director Effective Date. 

1.21. “1940 Act” means the Investment Company Act of 1940, as amended. 

1.22. “Non-Employee Director” means any Director who is not also an Employee of the Company. 

1.23. “Nonqualified Stock Option” means an Option granted under the Plan that is not an Incentive Stock Option. 

1.24. “Option” means an option to purchase Shares granted under the Plan. 

1.25. “Option Period” means the period during which an Option may be exercised. 

1.26. “Option Price” means the price per Share at which an Option may be exercised, provided, however, that, except as the
Option Price may be adjusted to the extent provided in Article 9 hereof (subject to Section 6.4 hereof), the Option Price shall not be less than the Fair Market Value as of the Date of Grant. Notwithstanding the foregoing, in the case of
an Incentive Stock Option granted to a “Ten-Percent Stockholder”, the Option Price shall not be less than one hundred and ten percent (110%) of the Fair Market Value on the Date of Grant. 

1.27. “Optionee” means an Eligible Individual to whom an Option has been granted. 

1.28. “Plan” means the American Capital, Ltd. 2009 Stock Option Plan, as such may be amended from time to time.

 1.29. “Required Majority” means a required majority of the Board, as defined in Section 57(o) of the 1940 Act.

 1.30. “Share” means a share of Common Stock. 

1.31. “Ten-Percent Stockholder” means an Optionee who (applying the rules of Section 424(d) of the Code) owns stock
possessing more than ten percent of the total combined voting power of all classes of stock of the Company or an Affiliate. 
 2. Purpose

 The Plan is intended to assist the Company and its Affiliates in attracting and retaining Eligible Individuals of
outstanding ability and to promote the identification of their interests with those of the stockholders of the Company. 
 3. Administration

 The Committee shall administer the Plan and shall have plenary authority, in its discretion, to award Options to Eligible
Individuals, subject to the provisions of the Plan and the ratification of such award by a Required Majority. The Committee shall have plenary authority and discretion, subject to the provisions of the Plan and the ratification by a Required
Majority, to determine the terms (which terms need not be identical) of all Options including, but not limited to, which Eligible Individuals shall be granted Options, the time or times at which Options are granted, the Option Price, the number of
Shares subject to an Option, whether an Option shall be an 

 
Incentive Stock Option or a Nonqualified Stock Option, any provisions relating to vesting, any circumstances in which Options terminate or Shares may be repurchased by the Company, the period
during which Options may be exercised and any other restrictions on Options. In making these determinations, the Committee may take into account the nature of the services rendered by the Optionees, their present and potential contributions to the
success of the Company and its Affiliates, and such other factors as the Committee in its discretion shall deem relevant. Subject to the provisions of the Plan, the Committee shall have plenary authority to construe and interpret the Plan and the
Agreements, to prescribe, amend and rescind rules and regulations relating to the Plan and to make all other determinations deemed necessary or advisable for the administration of the Plan or the Agreements, including, but not limited to, any
determination to accelerate the vesting of outstanding Options. The determinations of the Committee on the matters referred to in this Article 3 shall be binding and final, except to the extent that ratification by a Required Majority shall be
required hereunder or under the 1940 Act. The Committee may delegate its authority under this Article 3 and the terms of the Plan to the extent it deems desirable and is consistent with the requirements of applicable law. 

4. Eligibility 
 Options
may be granted only to Eligible Individuals and only Employees shall be eligible to receive Incentive Stock Options. 
 5. Stock Subject to
the Plan 
 5.1. Subject to adjustment as provided in Article 9, the maximum number of Shares that may be issued under
the Plan pursuant to Option grants to Eligible Individuals other than Non-Employee Directors is 15,000,000 Shares (the “Employee Option Shares”), and the maximum number of Shares that may be issued under the Plan pursuant to Option grants
to Eligible Individuals who are Non-Employee Directors is 750,000 Shares (the “Director Option Shares”). 
 5.2. If an
Option expires or terminates for any reason without having been fully exercised, the unissued Shares which had been subject to such Option shall become available for the grant of additional Options. 

6. Options 
 6.1. Options
granted under the Plan shall be either Incentive Stock Options or Nonqualified Stock Options, as designated by the Committee. Each Option granted under the Plan shall be clearly identified either as an Incentive Stock Option or a Nonqualified Stock
Option and shall be evidenced by an Agreement that specifies the terms and conditions of the grant. Options granted to Eligible Individuals shall be subject to the terms and conditions set forth in this Article 6 and such other terms and
conditions not inconsistent with this Plan as the Committee may specify. All Incentive Stock Options shall comply with the provisions of the Code governing incentive stock options and with all other applicable rules and regulations. 

6.2. The Option Period for Options granted to Eligible Individuals other than Non-employee Directors shall be determined by the Committee
and specifically set forth in the Agreement, provided, however, that an Option shall not be exercisable after ten years (five years in the case of an Incentive Stock Option granted to an Employee who on the Date of Grant is a Ten-Percent
Stockholder) from its Date of Grant. 
 6.3. Subject to adjustment as provided in Article 9, the maximum number of Shares that
may be covered by Options granted to any Eligible Individual who is not a Non-Employee Director during the term of this Plan shall not exceed 1,406,250 Shares, and the maximum number of Shares that may be covered by Options granted to any other
Eligible Individual during the term of this Plan shall not exceed 93,750 Shares. 
 6.4. Notwithstanding anything to the
contrary in this Plan, without the approval of the stockholders of the Company, no Option shall be issued in exchange for or as a reissuance of any outstanding Option and the Option Price for any outstanding Option shall not be changed, if the
effect of such exchange or change would be to reduce the Option Price for any outstanding Option, except as necessary to reflect the effect of a stock split, stock dividend or similar event. 

 6.5. Notwithstanding anything to the contrary in this Plan, all grants of Options to
Eligible Individuals who are Non-Employee Directors under this Plan shall be automatic and nondiscretionary and shall be made strictly in accordance with this Article 6. No person shall have any discretion to select which of such Eligible
Individuals shall be granted Options or to determine the number of Shares to be covered by Options. 
 6.6. Each Initial
Eligible Director shall be automatically granted an Option to purchase 93,750 Shares on and as of the Director Effective Date. Although such Options will be issued as of the Director Effective Date, such Options shall be deemed to vest over a
three-year period commencing on June 11, 2009, with one-third of the total number of Shares subject to each such Option vesting on each of the first three anniversaries following June 11, 2009, provided, that if the Director Effective Date
does not occur before any such anniversary, the Shares subject to such Options that would have otherwise vested on such anniversary shall instead vest on the Director Effective Date. The Option Period for such Options shall expire on the later of
June 11, 2019 and the three-year anniversary of the Director Effective Date. The Option Price for each Share granted under this Section 6.6 shall be the Fair Market Value on the Director Effective Date. 

6.7. Each Non-Employee Director who becomes an Eligible Individual after June 11, 2009, shall be entitled to receive, to the extent that
there are Director Option Shares that have not been issued or are not reserved for future issuance upon the exercise of other Options issued to Non-Employee Directors, an Option to purchase 93,750 Shares. Such Option shall be issued on the later of
the Director Effective Date and the date the person becomes a Non-Employee Director. Although such Options may be issued after the date the person becomes a Non-Employee Director, such Options shall be deemed to vest over a three-year period
commencing on the date such person becomes a Non-Employee Director, with one-third of the total number of Shares subject to each such Option vesting on each of the first three anniversaries following the date such person becomes a Non-Employee
Director, provided, that if the Director Effective Date does not occur before any such anniversary, the Shares subject to such Options that would have otherwise vested on such anniversary shall instead vest on the Director Effective Date. The
Option Period for such Options shall expire on the later of the tenth anniversary of the date such person becomes a Non-Employee Director and the three-year anniversary of the Director Effective Date. The Option Price for each Share granted under
this Section 6.6 shall be the Fair Market Value on the later of the Director Effective Date and the date the person becomes a Non-Employee Director. 

7. Exercise of Options 

7.1. An Option may, subject to the terms of the applicable Agreement under which it is granted, be exercised in whole or in part by the
delivery to the Company of written notice of the exercise, in such form as the Committee may prescribe, accompanied by full payment of the Option Price for the Shares with respect to which the Option is exercised as provided in Section 7.2
hereof. 
 7.2. Payment of the aggregate Option Price for the Shares with respect to which an Option is being exercised shall be
made in cash; provided, however, that the Committee, in its sole discretion, may provide in an Agreement that part or all of such payment may be made by the Optionee in one or more of the following manners: (a) by delivery (including
constructive delivery) to the Company of Shares valued at Fair Market Value on Date of Exercise (provided that such Shares, if acquired pursuant to an Option granted hereunder or pursuant to any other compensation plan maintained by the Company or
any Affiliate, have been held by the participant for at least six months); (b) by delivery on a form prescribed by the Committee of a properly executed exercise notice and irrevocable instructions to a registered securities broker approved by
the Committee to sell Shares and promptly deliver cash to the Company; (c) for Options granted to Eligible Individuals other than Non-Employee Directors, by delivery of a promissory note as provided in Section 7.3 hereof; or (d) by
surrender to the Company of an Option (or a portion thereof) that has become exercisable and the receipt from the Company upon such surrender, without any payment to the Company (other than required tax withholding amounts), of (x) that number
of Shares (equal to the highest whole number of Shares) having an aggregate Fair Market Value as of the date of surrender equal to that number of Shares subject to the Option (or portion thereof) being surrendered multiplied by an amount equal to
the excess of (i) the Fair Market Value on the date of surrender over (ii) the Option Price, plus (y) an amount of cash equal to the Fair Market Value of any fractional Share to which the Optionee would be entitled but for the
parenthetical in clause (x) above relating to whole number of Shares. Any such surrender shall be treated as the exercise of the Option (or portion thereof). 

 7.3. To the extent provided in an Option Agreement and permitted by the 1940 Act and other
applicable law, including Section 402 under the Sarbanes-Oxley Act of 2002, the Committee may accept as payment of the Option Price a promissory note executed by the Optionee evidencing his or her obligation to make future cash payment thereof.
Promissory notes made pursuant to this Section 7.3 shall be payable upon such terms as may be determined by the Committee, shall be secured by a pledge of the Shares received upon exercise of the Option and shall bear interest at a rate fixed
by the Committee. 
 7.4. With respect to any Option granted to an Optionee who is a Non-Employee Director: 

(a) In the event of death or Disability during the Optionee’s service as a Director, the unexercised portions of each of his or her
Options shall immediately become exercisable and may be exercised (by his or her personal representative in the event of such death) for a period of three years following the date of such death or one year following the date of such Disability, but
in no event after the respective expiration dates of such Options. 
 (b) In the event of the termination of such an
Optionee’s service as a Director for Cause, the unexercised portions of each of his or her Options shall immediately terminate upon such termination of service as a Director and may not be exercised thereafter, unless otherwise determined by
the Committee. The Committee in its sole discretion may determine that an Optionee’s service as a Director was terminated for “Cause,” if it finds that the Optionee willfully violated any of the Company’s policies on ethical
business conduct or engaged in any activity or conduct during his or her service as a director which was inimical to the best interests of the Company. 

(c) In the event of such an Optionee’s service as a director is terminated for any reason other than by his or her death or
Disability or by the Company for Cause, the unexercised portions of each of his or her Options, to the extent then exercisable, may be exercised within one year immediately following the date of termination, but in no event after the respective
expiration dates of such Options. 
 8. Restrictions on Transfer 

Options shall not be transferable other than by will or the laws of descent and distribution. An Option may be exercised during the
Optionee’s lifetime only by the Optionee or, in the event of his or her legal disability, by his or her legal representative. The Shares acquired pursuant to the Plan shall be subject to such restrictions and agreements regarding sale,
assignment, encumbrances, or other transfers or dispositions thereof (a) as are in effect among the stockholders of the Company at the time such Shares are acquired, (b) as the Committee shall deem appropriate and (c) as are required
by applicable law. 
 9. Capital Adjustments 

9.1. In the event of any change in the outstanding Common Stock by reason of any stock dividend, split-up (or reverse stock split),
recapitalization, reclassification, reorganization, reincorporation, combination or exchange of shares, merger, consolidation, liquidation or similar change in corporate structure, the Committee may, in its discretion and to the extent necessary to
compensate for the effect thereof, provide for a substitution for or adjustment in (a) the number and class of Shares subject to outstanding Options, (b) the Option Price of outstanding Options, (c) the aggregate number and class of
Shares that may be issued under the Plan, and (d) for the maximum number of Shares with respect to which an Employee may be granted Options during the period specified in Section 6.3. 

9.2. In the event that the Corporation should pay a dividend in cash to all holders of outstanding Common Stock, the Committee may reduce
the Option Price for each outstanding Option by an amount equal to the per share amount of such dividend; provided, that the Option Price for an Option shall not be reduced below zero. The Committee shall have the right at any time to adopt a
resolution providing that this section shall take effect automatically without further action and may thereafter discontinue the applicability of this section to any or all Options. 

 10. Termination or Amendment 

The Board may amend, alter, suspend or terminate the Plan in any respect at any time; provided, however, that after the Plan has been
approved by the stockholders of the Company, no amendment, alteration, suspension or termination of the Plan shall be made by the Board without approval of (a) the Company’s stockholders to the extent stockholder approval is required by
applicable law or regulations or the requirements of the principal exchange or interdealer quotation system on which the Common Stock is listed, if any, and (b) each affected Optionee if such amendment, alteration, suspension or termination
would adversely affect his or her rights or obligations under any Option granted prior to the date of such amendment, alteration, suspension or termination. No Option may be granted under the Plan during any suspension or after termination of the
Plan. 
 11. Modification, Extension and Renewal of Options; Substituted Options 

11.1. Subject to the terms and conditions of the Plan and the ratification of any such action by a Required Majority, the Committee may
modify, extend or renew the terms of any outstanding Options (other than Options issued to a Non-employee Director), or accept the surrender of outstanding Options granted under the Plan or options under any other plan of the Company (to the extent
not theretofore exercised) and authorize the granting of new Options in substitution therefor (to the extent not theretofore exercised). Subject to Section 6.4, any such substituted Options may specify a longer term than the surrendered options
or have any other provisions that are authorized by the Plan. Notwithstanding the foregoing, however, no modification of an Option shall, without the consent of the Optionee, alter or impair any of the Optionee’s rights or obligations under
such Option. 
 11.2. Anything contained herein to the contrary notwithstanding, Options may, at the discretion of the Committee
and with the ratification of a Required Majority, be granted under the Plan in substitution for stock appreciation rights and options to purchase shares of capital stock of another corporation which is merged into, consolidated with, or all or a
substantial portion of the property or stock of which is acquired by, the Company or one of its Affiliates and the holders of such options or stock appreciation rights as a result of such transaction become Eligible Individuals (other than
Non-Employee Directors). The terms and conditions of the substitute Options so granted may vary from the terms and conditions set forth in this Plan to such extent as the Committee (with the ratification of a Required Majority) may deem appropriate
in order to conform, in whole or part, to the provisions of the options and stock appreciation rights in substitution for which they are granted. 

12. Effectiveness of the Plan 

The Plan and any amendment thereto shall be effective on the date on which it is adopted by the Board, provided that any such adoption
requiring stockholder approval is subject to approval by vote of the stockholders of the Company within 12 months after such adoption by the Board. In addition, to the extent that the Plan pertains to the issuance of Options to Non-Employee
Directors and, if required by the 1940 Act, the Plan (or any amendment thereto) with regard to the issuance of Options to Non-Employee Directors shall not become effective until the Securities and Exchange Commission or other governmental authority
shall have granted the necessary exemptions or other consents pursuant thereto, but to the extent legally permissible, any such effectiveness shall be deemed to occur retroactive to the adoption thereof by the Board. Options may be granted prior to
stockholder approval of the Plan or the issuance of necessary governmental exemptions or consent, and the date on which any such Option is granted shall be the Date of Grant for all purposes provided that (a) each such Option shall be subject
to stockholder approval of the Plan and the issuance of such governmental exemptions or consents, (b) no Option may be exercised prior to such stockholder approval or issuance of such governmental exemptions or consents, and (c) any such
Option shall be void ab initio if such stockholder approval is not obtained or such governmental exemptions or consents are not issued. 

13. Withholding 
 The
Company’s obligation to issue or deliver Shares or pay any amount pursuant to the terms of any Option shall be subject to the satisfaction of applicable federal, state and local tax withholding requirements. To the extent provided in the
applicable Agreement and in accordance with rules prescribed by the Committee, an Optionee may satisfy any such withholding tax obligation by any of the following means or by a combination of such means: (a) tendering a cash payment,
(b) authorizing the Company to withhold Shares otherwise issuable to the Optionee, or (c) delivering to the Company already owned and unencumbered Shares. 

 14. Term of the Plan 

Unless sooner terminated by the Board pursuant to Article 10, the Plan shall terminate on April 6, 2019, and no Options may be
granted after such date. The termination of the Plan shall not affect the validity of any Option outstanding on the date of termination. 

15. Indemnification of Committee 

In addition to such other rights of indemnification as they may have as Directors or as members of the Committee, the members of the
Committee shall be indemnified by the Company against the reasonable expenses, including attorneys’ fees, actually and reasonably incurred in connection with the defense of any action, suit or proceeding, or in connection with any appeal
therein, to which they or any of them may be a party by reason of any action taken or failure to act under or in connection with the Plan or any Option granted hereunder, and against all amounts reasonably paid by them in settlement thereof or paid
by them in satisfaction of a judgment in any such action, suit or proceeding, if such members acted in good faith and in a manner which they believed to be in, and not opposed to, the best interests of the Company. 

16. General Provisions 

16.1. The establishment of the Plan shall not confer upon any Eligible Individual any legal or equitable right against the Company, any
Affiliate or the Committee, except as expressly provided in the Plan. 
 16.2. The Plan does not constitute inducement or
consideration for the employment or service of any Eligible Individual, nor is it a contract between the Company or any Affiliate and any Eligible Individual. Participation in the Plan shall not give an Eligible Individual any right to be retained
in the service of the Company or any Affiliate. 
 16.3. Neither the adoption of this Plan nor its submission to the
stockholders, shall be taken to impose any limitations on the powers of the Company or its Affiliates to issue, grant, or assume options, warrants, rights, or restricted stock, otherwise than under this Plan, or to adopt other stock option or
restricted stock plans or to impose any requirement of stockholder approval upon the same. 
 16.4. The interests of any
Eligible Individual under the Plan are not subject to the claims of creditors and may not, in any way, be assigned, alienated or encumbered except as provided in an Agreement. 

16.5. The Plan shall be governed, construed and administered in accordance with the laws of the State of Delaware and it is the intention
of the Company that Incentive Stock Options granted under the Plan qualify as such under Section 422 of the Code. 
 16.6.
The Committee may require each person acquiring Shares pursuant to Options hereunder to represent to and agree with the Company in writing that such person is acquiring the Shares without a view to distribution thereof. The certificates for such
Shares may include any legend which the Committee deems appropriate to reflect any restrictions on transfer. All certificates for Shares issued pursuant to the Plan shall be subject to such stock transfer orders and other restrictions as the
Committee may deem advisable under the rules, regulations and other requirements of the Securities and Exchange Commission, any stock exchange or interdealer quotation system upon which the Common Stock is then listed or quoted, and any applicable
federal or state securities laws. The Committee may place a legend or legends on any such certificates to make appropriate reference to such restrictions. The certificates for Shares acquired pursuant to an Option may also include any legend which
the Committee deems appropriate to reflect restrictions contained in this Plan or in the applicable Agreement or to comply with the Delaware General Corporation Law. 

16.7. The Company shall not be required to issue any certificate or certificates for Shares upon the exercise of Options, or record any
person as a holder of record of such Shares, without obtaining, to the complete satisfaction of the Committee, the approval of all regulatory bodies deemed necessary by the Committee, and without complying to the Committee’s complete
satisfaction, with all rules and regulations, under federal, state or local law deemed applicable by the Committee. 

 16.8. To the extent this Plan provides for issuance of stock certificates to reflect the
issuance of Shares, the issuance may be effected on a noncertificated basis, to the extent not prohibited by applicable law or the rules of any stock exchange or automated dealer quotation system on which the Shares are traded.

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