Document:

Exhibit 10.1

 

EXECUTION VERSION

 

AMENDMENT NO. 4 TO CREDIT AGREEMENT

 

This Amendment No. 4 to Credit
Agreement, dated as of May 13, 2022 (this “Amendment”), is among Rental Car Intermediate Holdings, LLC, a Delaware
corporation (“Holdings”), The Hertz Corporation, a Delaware corporation (the “Parent Borrower”),
the Subsidiary Borrowers (as defined in the Credit Agreement referenced below) party thereto (together with the Parent Borrower, the “Borrowers”),
the May 2022 Increasing Revolving Lenders (as defined below) and Barclays Bank PLC, as Administrative Agent.

 

W i t n
e s s e t h:

 

WHEREAS,
Holdings, the Borrowers and the Administrative Agent are party, inter alios, to that certain Credit Agreement, dated as
of June 30, 2021 (as amended by that certain Amendment No. 1 to Credit Agreement, dated as of August 3, 2021, by that certain Amendment
No. 2 to Credit Agreement, dated as of November 23, 2021, and by that certain Amendment No. 3 to Credit Agreement, dated as of March 31,
2022, and as otherwise amended, restated, amended and restated or otherwise modified or supplemented from time to time, including on the
Fourth Amendment Effective Date (as defined below), the “Credit Agreement”; capitalized terms used but not defined
herein having the meanings set forth therein);

 

WHEREAS, pursuant to Section
2.9(a) of the Credit Agreement, the Parent Borrower has requested that each institution identified on the signature pages hereto as a
May 2022 Increasing Revolving Lender (collectively, the “May 2022 Increasing Revolving Lenders”) make available to
the Borrowers Supplemental Revolving Commitments in an aggregate principal amount equal to $180,000,000 million (the “May 2022
Increased Revolving Commitments”) and each such May 2022 Increasing Revolving Lender has agreed to provide a portion of the
May 2022 Increased Revolving Commitments in an amount equal to the aggregate principal amount set forth next to such May 2022 Increasing
Revolving Lender’s name on Schedule I hereto on the applicable terms and conditions set forth herein;

 

WHEREAS, (x) pursuant to the
definition of “Revolving Issuing Lender” set forth in the Credit Agreement, with the consent of the Administrative Agent,
the Parent Borrower has requested that each May 2022 Increasing Revolving Lender become, and each May 2022 Increasing Revolving Lender
has agreed to become, an Issuing Revolving Lender for the purpose of issuing Revolving Letters of Credit and (y) pursuant to the definition
of “Revolving L/C Commitment Amount” set forth in the Credit Agreement, each May 2022 Increasing Revolving Lender has agreed
that an amount equal to such May 2022 Increasing Revolving Lender’s May 2022 Increased Revolving Commitments shall constitute such
May 2022 Increasing Revolving Lender’s Revolving L/C Commitment Amount on the applicable terms and conditions set forth herein;

 

NOW, THEREFORE, in consideration
of the premises and agreements, provisions and covenants herein contained, the parties hereto agree as follows:

 

		Section
                              1. 	supplemental
                                            revolving commitments

 

1.1              
Subject to the terms and conditions set forth herein, (i) each May 2022 Increasing Revolving Lender hereby agrees on a several
and not joint basis to make the May 2022 Increased Revolving Commitments available to the Borrowers in the aggregate principal amount
set forth on Schedule I hereto opposite such May 2022 Increasing Revolving Lender’s name and (ii) all of such May 2022 Increasing
Revolving Lender’s May 2022 Increased Revolving Commitments shall constitute such May 2022 Increasing Revolving Lender’s Revolving
L/C Commitment Amount.

 

1.2              
Pursuant to Section 2.9 of the Credit Agreement, the May 2022 Increased Revolving Commitments documented hereby shall constitute
Supplemental Revolving Commitments under the Credit Agreement.

 

    1 

     

    

 

1.3              
The May 2022 Increased Revolving Commitments shall be (i) made pursuant to (and constitute part of) the existing Revolving Commitments
as in effect immediately prior to the Fourth Amendment Effective Date and (ii) subject to the terms and conditions applicable to the existing
Revolving Commitments after giving effect to the Fourth Amendment Effective Date.

 

1.4              
The Borrowers, Holdings, the Administrative Agent and the May 2022 Increasing Revolving Lenders acknowledge and agree that on the
Fourth Amendment Effective Date (as defined below), (i) the May 2022 Increased Revolving Commitments shall be added to (and constitute
part of) the existing Initial Revolving Commitments, (ii) the May 2022 Increased Revolving Commitments shall constitute “Initial
Revolving Commitments” for all purposes under, and subject to the provisions of, the Loan Documents and (iii) the amount of each
May 2022 Increased Revolving Lender’s May 2022 Increased Revolving Commitments shall constitute such May 2022 Increased Revolving
Lender’s “Revolving L/C Commitment Amount” for all purposes under, and subject to the provisions of, the Loan Documents.

 

1.5              
The parties hereto hereby acknowledge and agree that if on the Fourth Amendment Effective Date there are any Revolving Loans outstanding
under the Credit Agreement, (i) such Revolving Loans shall be reallocated in accordance with Section 2.9(c) of the Credit Agreement and
(ii) on and after the Fourth Amendment Effective Date, the ratable share of each Revolving Issuing Lender’s participation in Revolving
Letters of Credit shall be calculated after giving effect to the amendments to the Credit Agreement described in this Amendment.

 

		Section
                              2. 	AMENDMENTS
                                            TO THE CREDIT AGREEMENT

 

2.1              
Amendment to the Credit Agreement. Subject to the satisfaction (or waiver) of the conditions set forth in Section
3 below, effective as of the Fourth Amendment Effective Date:

 

(a)               
Clause (i) of the last sentence of Section 3.1(b) of the Credit Agreement is hereby amended and restated in its entirety to read
as follows:

 

“(i) Barclays,
MS, DBNY and Goldman Sachs Bank USA shall only be required to issue Standby Letters of Credit hereunder and”

 

		Section
                              3. 	CONDITIONS
                                            PRECEDENT

 

This Amendment shall be effective
(the “Fourth Amendment Effective Date”) on the date that the following conditions precedent having been satisfied or
duly waived:

 

3.1              
Executed Agreement. The Administrative Agent shall have received this Amendment, duly executed by each Borrower,
the Administrative Agent, each May 2022 Increasing Revolving Lender, the Lenders constituting all of the Revolving Lenders and the Lenders
constituting all of the Revolving Issuing Lenders.

 

3.2              
Representations and Warranties. Each of the representations and warranties contained in Section 3
below shall be true and correct.

 

    2 

     

    

 

3.3              
Certificates. The Administrative Agent shall have received the following, each in form and substance reasonably satisfactory
to the Administrative Agent and its legal counsel:

 

(a)               
a certificate of each Loan Party, dated the Fourth Amendment Effective Date and executed by its secretary or assistant secretary,
which shall (i) certify the resolutions of its Board of Directors, members or other body authorizing the execution, delivery and performance
of this Amendment and the incurrence of the May 2022 Increased Revolving Commitments, (ii) identify by name and title and bear the signatures
of the Responsible Officers and any other officers of such Loan Party authorized to sign this Amendment and (iii) certify that (A) attached
thereto is the certificate or articles of incorporation or organization of each Loan Party certified by the relevant authority of the
jurisdiction of organization of such Loan Party and a true and correct copy of its by-laws or operating, management or partnership agreement
or (B) the equivalent documents provided to the Administrative Agent on the Closing Date remain in full force and effect and have not
been amended or otherwise modified since such date;

 

(b)               
a long form good standing certificate for each Loan Party from its jurisdiction of organization; and

 

(c)               
a certificate of the chief financial officer or, if none, the treasurer, controller, vice president (finance) or other responsible
financial officer of the Parent Borrower certifying the solvency of the Parent Borrower and its Subsidiaries on a consolidated basis in
customary form (as per the applicable jurisdiction of the Parent Borrower) after giving effect to this Amendment and the incurrence of
the May 2022 Increased Revolving Commitments.

 

3.4              
Legal Opinions. The Administrative Agent shall have received the following executed legal opinions in form and substance
reasonably satisfactory to the Administrative Agent:

 

(a)               
the executed legal opinion of White & Case LLP, special New York counsel to each of Holdings, the Parent Borrower and the other
Loan Parties; and

 

(b)               
the executed legal opinion of Frederic Dorwart, Lawyers PLLC, special Oklahoma counsel to certain Loan Parties.

 

3.5              
Fees and Expenses. The Parent Borrower shall have paid (i) the reasonable and documented fees and expenses of Weil,
Gotshal & Manges LLP, as counsel to the Administrative Agent and the Lenders, to the extent invoiced prior to the Fourth Amendment
Effective Date and (ii) the costs and expenses required to be paid by Section 5.2 below

 

3.6              
Patriot Act; KYC. No later than three Business Days prior to the Fourth Amendment Effective Date, each May 2022 Increasing
Revolving Lender, to the extent reasonably requested by such May 2022 Increasing Revolving Lender, shall have received (i) all documentation
and other information about the Borrowers and the Guarantors that such May 2022 Increasing Revolving Lender has reasonably determined
is required by regulatory authorities under “know your customer” and anti-money laundering rules and regulations, including
the Patriot Act and (ii) to the extent a Borrower qualifies as a “legal entity customer” under the Beneficial Ownership Regulation,
a Beneficial Ownership Certification in relation to such Borrower, in each case, that any such May 2022 Increasing Revolving Lender has
reasonably requested in writing at least 10 Business Days prior to the Fourth Amendment Effective Date.

 

    3 

     

    

 

		Section
                              4. 	REPRESENTATIONS
                                            AND WARRANTIES

 

The Parent Borrower, on behalf
of itself and each Loan Party, hereby represents and warrants to the Administrative Agent, Issuing Lenders and the Lenders as follows:

 

4.1              
Incorporation of Representations and Warranties from Loan Documents. Each of the representations and warranties made
by any Loan Party pursuant to the Credit Agreement or any other Loan Document (or in any amendment, modification or supplement thereto)
to which it is a party, and each of the representations and warranties contained in any certificate furnished at any time by or on behalf
of any Loan Party pursuant to the Credit Agreement or any other Loan Document, shall be true and correct in all material respects on the
Fourth Amendment Effective Date (except to the extent any such representation or warranty is stated to relate solely to an earlier date,
it shall be true and correct in all material respects as of such earlier date).

 

4.2              
Absence of Default. At the time of and immediately after giving effect to this Amendment and the availability of
the May 2022 Increased Revolving Commitments, no Default or Event of Default shall have occurred and be continuing.

 

		Section
                              5. 	MISCELLANEOUS

 

5.1              
Reference to and Effect on the Loan Documents.

 

(a)               
As of the Fourth Amendment Effective Date, each reference in the Credit Agreement to “this Agreement,” “hereunder,”
 “hereof,” “herein,” or words of like import, and each reference in the other Loan Documents to the
Credit Agreement (including, without limitation, by means of words like “thereunder”, “thereof”,
 “therein” and words of like import), shall mean and be a reference to the Credit Agreement as amended by this Amendment.

 

(b)               
Except as expressly amended or waived, as applicable, hereby, all of the terms and provisions of the Credit Agreement and all other
Loan Documents are and shall remain in full force and effect and are hereby ratified and confirmed.

 

(c)               
The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver
of any right, power or remedy of the Administrative Agent, any Lender or any Issuing Lender under the Credit Agreement or any Loan Document,
or constitute a waiver or amendment of any other provision of the Credit Agreement or any Loan Document (as amended hereby) except as
and to the extent expressly set forth herein.

 

    4 

     

    

 

5.2              
Costs and Expenses. The Borrowers agree to reimburse the Administrative Agent for its costs and expenses in connection
with this Amendment (and the other Loan Documents delivered in connection herewith) as provided in Section 11.5 of the Credit Agreement.

 

5.3              
Counterparts. This Amendment may be executed in any number of counterparts, each of which shall be deemed an original
and all of which, when taken together, shall constitute one agreement. Delivery of an executed counterpart of a signature page of this
Amendment by facsimile transmission or electronic transmission (e.g., “pdf” or “tif”) shall be effective as delivery
of a manually executed counterpart of this Amendment. The words “execution”, “execute”, “signed”,
 “signature”, and words of like import in or related to this Amendment or any document to be signed in connection with this
Amendment shall be deemed to include electronic signatures, the electronic matching of assignment terms and contract formations on electronic
platforms approved by us, or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability
as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for
in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic
Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act.

 

5.4              
Governing Law. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AMENDMENT SHALL BE GOVERNED
BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO ITS PRINCIPLES OR RULES
OF CONFLICT OF LAWS TO THE EXTENT SUCH PRINCIPLES OR RULES ARE NOT MANDATORILY APPLICABLE BY STATUTE AND WOULD REQUIRE OR PERMIT THE APPLICATION
OF THE LAWS OF ANOTHER JURSIDICTION.

 

5.5              
Loan Document and Integration. This Amendment shall constitute a Loan Document, and together with the other Loan
Documents represents the entire agreement of each of the Loan Parties party hereto and the Administrative Agent with respect to the subject
matter hereof, and there are no promises, undertakings, representations or warranties by any of the Loan Parties party hereto or the Administrative
Agent relative to the subject matter hereof not expressly set forth or referred to herein or in the other Loan Documents.

 

5.6              
Reaffirmation. Each Borrower and each other Loan Party hereby (a) reaffirms its obligations under the Credit Agreement
and each other Loan Document to which it is a party, in each case as amended by this Amendment, (b) reaffirms all Liens on the Collateral
which have been granted by it in favor of the Administrative Agent (for the benefit of the Secured Parties) pursuant to the Loan Documents
and (c) acknowledges and agrees that the grants of security interests by and the guarantees of the Loan Parties contained in the Loan
Documents are, and shall remain, in full force and effect immediately after giving effect to this Amendment and shall apply equally to
the May 2022 Increased Commitments.

 

5.7              
Headings. Section headings contained in this Amendment are included herein for convenience of reference only and
shall not constitute a part of this Amendment for any other purposes.

 

5.8              
No Novation. Each of the parties hereto acknowledges and agrees that the terms of this Amendment do not constitute
a novation but, rather, an amendment of the terms of a pre-existing Indebtedness and related agreement, as evidenced by the Credit Agreement.

 

5.9              
Waiver of Jury Trial. EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL
ACTION OR PROCEEDING RELATING TO THIS AMENDMENT OR ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN.

 

[Signature
Pages Follow]

 

    5 

     

    

 

 

IN WITNESS WHEREOF, the
parties hereto have caused this Amendment to be executed by their respective officers and members thereunto duly authorized, as of the
date indicated above.

 

	 	RENTAL CAR INTERMEDIATE HOLDINGS, LLC, as Holdings
	 	 
	 	By:	/s/ Mark E. Johnson
	 	Name: 	Mark E. Johnson
	 	Title:	Vice President and Interim Treasurer
	 	 	 
	 	THE HERTZ CORPORATION, as Parent Borrower
	 	 
	 	By:	/s/ M. David Galainena
	 	Name: 	M David Galainena
	 	Title:	Vice President, General Counsel and Secretary
	 	 	 
	 	
    DOLLAR RENT A CAR, INC.

    DOLLAR THRIFTY AUTOMOTIVE GROUP, INC.

    DTG OPERATIONS, INC.

    FIREFLY RENT A CAR LLC

    HERTZ CAR SALES LLC 

    HERTZ GLOBAL SERVICES CORPORATION 

HERTZ LOCAL
    EDITION CORP.

    HERTZ LOCAL EDITION TRANSPORTING, INC. 

    HERTZ SYSTEM, INC.

    HERTZ TECHNOLOGIES, INC.

    HERTZ TRANSPORTING, INC.

    SMARTZ VEHICLE RENTAL CORPORATION

    RENTAL CAR GROUP COMPANY, LLC

    THRIFTY CAR SALES, INC.

    TRAC ASIA PACIFIC, INC., 

    as Guarantors

	 	 
	 	By:	/s/ Mark E. Johnson
	 	Name: 	Mark E. Johnson
	 	Title:	Vice President and Interim Treasurer

 

[Signature Page to Hertz Amendment No. 3]

 

     

     

    

 

 

 

	 	
    Thrifty,
    llc,

    as a Guarantor

     

    By: Dollar Thrifty Automotive Group, Inc.,
    its sole Member/Manager

	 	 
	 	
    By:
	  /s/ Mark E. Johnson
	 	Name: 	  Mark E. Johnson
	 	Title:	  Vice President and Interim Treasurer

 

	 	
    DTG Supply,
    LLC,

    as a Guarantor

     

    By: DTF Operations, Inc., its sole Member/Manager

	 	 
	 	
    By:
	  /s/ Mark E. Johnson
	 	Name: 	  Mark E. Johnson
	 	Title:	  Vice President and Interim Treasurer

 

	 	
    thrifty
    rent-a-car, llc,

    as a Guarantor

     

    By: Thrifty LLC, its Member/Manager

    By: Dollar Thrifty Automotive Group, Inc.,
    its Member/Manager

	 	 
	 	
    By:
	  /s/ Mark E. Johnson
	 	Name: 	  Mark E. Johnson
	 	Title:	  Vice President and Interim Treasurer

 

[Signature Page to Hertz Amendment No. 3]

 

     

     

    

 

	 	BARCLAYS
    BANK PLC, as Administrative Agent
	 	 
	 	By:	     /s/
    Charlene Saldanha
	 	 	Name:	Charlene
    Sladanha
	 	 	Title:	Vice
    President

 

[Signature Page to Hertz Amendment No. 4]

 

     

     

    

 

	 	GOLDMAN
    SACHS BANK USA, as a May 2022 Increasing Revolving Lender
	 	 
	 	By:	      /s/
    Jonathon Dworkin
	 	 	Name:	Jonathon
    Dworkin
	 	 	Title:	Authorized
    Signatory

 

[Signature Page to Hertz Amendment No. 4]

 

     

     

    

 

	 	CANADIAN
    IMPERIAL BANK OF COMMERCE, NEW YORK BRANCH, as a May 2022 Increasing Revolving Lender
	 	 
	 	By:	     /s/
    Farhad Merali
	 	 	Name:	Farhad
    Merali
	 	 	Title:	Managing
    Director

 

[Signature Page to Hertz Amendment No. 4]

 

     

     

    

 

Schedule I

 

May 2022 Increased Revolving
Commitments

 

	May
    2022 Increasing Revolving Lender	 	May
    2022 Increased 

Revolving Commitment	 	 	Percentage
    of May 2022 

Increased Revolving 

Commitment	 
	Goldman
    Sachs Bank USA	 	$	125,000,000.00	 	 	 	69.444444	%
	Canadian
    Imperial Bank of Commerce, New York Brank	 	$	55,000,000.00	 	 	 	30.555556	%
	TOTAL	 	$	180,000,000.00	 	 	 	100	%Exhibit 10.2

 

AGREEMENT

 

This
Agreement (this “Agreement”) is entered into on March 15, 2022, by and between Brazil Minerals, Inc., a Nevada corporation
(the “Company”), with address at 433 N. Camden Drive, Suite 810, Beverly Hills, CA 90210, and Gustavo Pereira de Aguiar
(“GPA”), a citizen and resident of Brazil, with address at Rua Universo 387, apto 401, Bairro Santa Lucia, Belo Horizonte,
Minas Gerais, Brazil. The Company and GPA shall be referred to herein collectively as “the Parties” and each individually
as a “Party.”

 

The
Parties agree to the following terms:

 

	1.	Retention
                                            of GPA. Subject to the terms and conditions set forth in this Agreement, the Company
                                            hereby retains GPA on a full-time basis to perform the services set forth in this Agreement,
                                            and GPA accepts this retention on the terms and conditions set forth in this Agreement.

 

	2.	Effective
                                            Date. This Agreement shall be effective as of March 16, 2022 (the “Start
                                            Date”).

 

	3.	Termination.
                                            This Agreement may be terminated at any time by mutual agreement of the Parties, and at any
                                            time for any reason or no reason, by one Party, within a prior written notice of 30 (thirty)
                                            days to the other Party. The consequences of the termination, as applicable, are provided
                                            for in Section 9 of this Agreement.

 

	4.	Scope
                                            of Work. The services to be performed by GPA under this Agreement (the “Work”)
                                            shall consist of all tasks related to planning, implementation, managing and running of the
                                            finance activities of the Company, including business planning, budgeting, forecasting and
                                            reporting, as well as other tasks assigned by the Chief Executive Officer of the Company
                                            accordingly, including, but not limited to, the following:

 

		●	Financial
                                            reporting, including preparation of all financial statements and other parts of the Forms
                                            10-K and 10-Q with respect to the Company, including those of any subsidiaries; such work
                                            involves:

 

		○	Overseeing
                                            the preparation of the financial statements of Brazilian subsidiaries by Brazilian accountants

		○	Overseeing
                                            the preparation of general ledger of U.S.-based accounts

		○	Consolidation
                                            of period activity from Brazil and U.S. into global financial statements

		○	Preparation
                                            of footnotes to such financial statements

		○	Preparation
                                            of the Management and Analysis Discussion parts of the Forms 10-K and 10-Q

		○	Interface
                                            with the auditor’s team until clearance for filling is obtained;

 

		●	Budgeting;

		●	Treasury
                                            functions, including payments;

		●	Internal
                                            controls;

		●	Modeling
                                            of projects (forecast of revenues, costs, cash flows, etc); and

		●	Other
                                            topics within the finance function to be determined as needed.

 

Services
will be provided in GPA’s city of residence. All costs incurred by GPA in the provision of services outside the place of residence,
including, without limitation, airline tickets, vehicle rental, fuel, accommodation and food, will be borne by the Company.

 

	5.	Titles.
                                            GPA shall be referred to under the following titles: Chief Financial Officer, Treasurer,
                                            and Principal Accounting Officer of the Company.

 

    	1

     

    

 

	6.	Base
                                            Compensation. A monthly cash compensation of US$ 9,500 shall be deposited to an account
                                            of choice provided to the Company by GPA in return for the Work rendered by GPA during the
                                            term of this Agreement.

 

	7.	Sign-In
                                            Bonus Compensation. GPA shall also receive a sign-in bonus totaling US$ 25,000 which
                                            shall be paid up in two tranches. GPA shall receive the first tranche of US$ 12,500 within
                                            ten days after the Start Date and shall receive the second tranche of US$ 12,500 three months
                                            after the Start Date.

 

	8.	Annual
                                            Performance Bonus Compensation. GPA shall also be entitled to a maximum annual bonus
                                            of US$ 45,000 (the “Annual Bonus”), conditioned to the filing, by the Company,
                                            on an annual basis, of one Form 10-K and three Form 10-Q with the Securities and Exchange
                                            Commission (the “SEC”), in accordance with the following rules:

 

a)
If and only if the Form 10-K is filed timely on or before the regularly scheduled filing date (and not filed on an extension), GPA shall
receive 40% of the Annual Bonus, which corresponds to US$ 18,000, within thirty days after such actual filing date;

 

b)
For each Form 10-Q that is filed on the regularly scheduled filing date (and not filed on an extension), GPA shall receive 20% of the
Annual Bonus, which corresponds to US$ 9,000, within thirty days after the relevant filing date.

 

	9.	Stock
                                            Compensation.

 

As
of March 8, 2022, the total number of authorized and issued common shares of the Company is 3,188,198,223. Two percent of such number
equals 63,763,964 shares.

 

On
the Start Date, GPA shall be granted, for the purchase price of US$ 1.00 to be discounted from the first base compensation, 63,763,964
shares (the “GPA Grant”) which shall vest over four years in four tranches, on the first, second, third, and fourth anniversaries
of the Start Date.

 

		a)	If
                                            GPA resigns before the first-year anniversary of the Start Date, all 63,763,964 shares of
                                            the GPA Grant shall be deemed to be forfeited and returned to Company’s treasury;

 

		b)	If
                                            GPA resigns after the first-year anniversary, but before the second anniversary of the Start
                                            Date, 3/4 of the shares of the GPA Grant, which corresponds to 47,822,973 shares of the GPA
                                            Grant, shall be deemed to be forfeited and returned to Company’s treasury;

 

		c)	If
                                            GPA resigns after the second-year anniversary, but before the third anniversary of the Start
                                            Date, 1/2 of the shares of the GPA Grant, which corresponds to 31,881,982 shares of the GPA
                                            Grant, shall be deemed to be forfeited and returned to Company’s treasury;

 

		d)	If
                                            GPA resigns after the third-year anniversary, but before the fourth anniversary of the Start
                                            Date, 1/4 of the shares of the GPA Grant, which corresponds to 15,940,991 shares of the GPA
                                            Grant, shall be deemed to be forfeited and returned to Company’s treasury;

 

		e)	If
                                            and when the Company terminates this Agreement for any reason other than gross negligence
                                            or willful malfeasance of GPA, then the GPA Grant shall be deemed to be fully vested immediately
                                            upon such termination;

 

	 	a.	If such termination occurs before the first-year anniversary of the Start Date, GPA shall be entitled to receive US$ 60,000 within thirty
days of said termination;

 

    	2

     

    

 

		b.	If
                                            such termination occurs after the first anniversary, but before the second anniversary of
                                            the Start Date, then GPA shall be entitled to receive US$ 30,000 within thirty days of said
                                            termination;

 

		f)	If
                                            the Company terminates this Agreement for gross negligence or willful malfeasance, then the
                                            portion of the GPA Grant which is not yet vested shall be deemed to be forfeited.

 

	10.	Currency
                                            of Payments. All cash payments under this Agreement will be made net in the currency
                                            of Brazil, the Brazilian real, using for conversion the prior day’s end-of-day PTAX
                                            exchange rate provided by the Brazilian Central Bank, without any deduction, discount, reduction
                                            or withholding. Further paperwork in Brazil required to properly make the payments under
                                            this Agreement shall be completed by the Company and GPA.
	 	 
	11.	Inflation-Adjustment.
                                            All cash payments under this Agreement shall be adjusted annually in March in accordance
                                            with the Brazilian inflation rate known as IPCA.
	 	 
	12.	Personal
                                            Time. GPA shall have four weeks of personal time per year.
	 	 
	13.	Independent
                                            Contractor. GPA agrees to perform the Work as an independent contractor and not as an
                                            agent of the Company, its subsidiaries or affiliates. GPA is not granted any right or authority
                                            or responsibility, expressed, implied or apparent, on behalf of or in the name of the Company
                                            to bind, or act on behalf of, the Company or its affiliates or subsidiaries. This Agreement
                                            is an at-will contract.
	 	 
	14.	Covenants
                                            by GPA. GPA hereby agrees to disclose to the Company within two business days: i) any
                                            inquiries or other contact from any entity pertaining to any work-related activity involving
                                            GPA; and ii) any material events affecting, or which may reasonably be expected to affect,
                                            GPA’s ability to perform the Work.
	 	 
	15.	Confidential
                                            Information. All information which GPA may now possess, may obtain during or after the
                                            term of this Agreement, or may create prior to the end of the term of this Agreement relating
                                            to the business of the Company or its affiliates or subsidiaries or of any of their respective
                                            customers or vendors (collectively, the “Confidential Information”) shall not
                                            be published, disclosed, or made accessible by him to any other person, firm or corporation
                                            either during or after the term of this Agreement or used by him, except during the term
                                            of this Agreement in the business and for the benefit of the Company without the prior written
                                            consent of the Company. GPA shall return all tangible evidence of such Confidential Information
                                            to the Company prior to or at the end of the term of this Agreement. This Agreement is also
                                            confidential, except to the extent required to be disclosed pursuant to the laws applicable
                                            to the parties, including, as the case may be, U.S. federal securities laws. GPA agrees that
                                            he will not disclose, publicize, or discuss any of the terms or conditions of this Agreement
                                            with anyone, except his attorneys, consultants and/or accountants, or as otherwise required
                                            by law. In the event GPA discloses this Agreement or any of its terms or conditions to his
                                            attorneys, consultants and/or accountant, it shall be his duty to advise said individual(s)
                                            of the confidential nature of this Agreement; and direct them not to disclose, publicize,
                                            or discuss any of the terms or conditions of this Agreement with anyone else.

 

    	3

     

    

 

	16.	Indemnification.
                                            GPA shall protect, defend, indemnify and hold the Company, its affiliates, officers, consultants,
                                            partners, members, successors and assigns (collectively, the “Indemnified Party”)
                                            free and unharmed from and against any and all claims, liabilities, loss, costs, or damages,
                                            including court costs and attorneys’ fees, whether raised by the Indemnified Party
                                            or a third party, which shall arise in connection with any breach by GPA of a covenant, warranty
                                            or representation contained herein. The Company agrees to protect, indemnify, defend, and
                                            hold GPA free and unharmed from and against any and all losses, costs (including court costs
                                            and attorneys’ fees), damages, expenses, claims, demands or liabilities arising out
                                            of or in consequence of the breach by the Company, or its directors, officers, agents or
                                            employees of any of the covenants, warranty or representation made by the Company herein,
                                            including, without restricting the foregoing, the misuse of, or unauthorized dissemination
                                            of communications with GPA or the financial statements, or any other work product made available
                                            to the Company by GPA in performing the Work.

 

	17.	Liability
                                            Limitation. In no event shall either party be liable to the other party whether in contract,
                                            tort or otherwise, for payment of any special, indirect, incidental, consequential or similar
                                            damages. Any and all actions, causes of action, contracts, demands or claims, whether in
                                            contract, negligence or otherwise known to law, which the Company may have arising out of
                                            the Work provided by GPA under this Agreement (hereinafter referred to as “claims”
                                            or “claim”) shall be limited to the compensation paid to GPA for the portion
                                            of the Work giving rise to liability, except when “gross negligence” and/or “willful
                                            malfeasance” on the part of GPA is determined, in which case there are no limitations.

 

	18.	Notices.
                                            All notices required under this Agreement shall be deemed given when sent by email, overnight
                                            courier or registered or certified mail, or when sent by telecopy, telegraph or other graphic,
                                            electronic means and confirmed by overnight courier or registered or certified mail addressed
                                            to the address set forth in the preamble to this Agreement. Either Party shall have the right
                                            to change the address or name of the person to whom such notices are to be delivered by notice
                                            to the other Party.

 

	19.	Law
                                            and Venue. This Agreement shall be governed in all respects by and construed in accordance
                                            with the laws of the State of California without regard to conflicts of law provisions. Any
                                            dispute between the Parties shall be heard only in the state and federal courts located in
                                            the County of Los Angeles, California, having personal and subject matter jurisdiction.

 

	20.	Waiver
                                            of Trial by Jury. The Company and GPA hereby knowingly, voluntarily and intentionally
                                            waive the right to a trial by jury with respect to any litigation based hereon, or arising
                                            out of, under or in connection with this agreement. This provision is a material inducement
                                            for the parties entering into this Agreement.

 

	21.	Headings.
                                            The headings in this Agreement are provided for convenience of reference only and shall not
                                            affect the construction of the text of this Agreement.

 

	22.	Non-Waiver.
                                            No waiver of any provision of this Agreement shall be deemed to be nor shall constitute a
                                            waiver of any other provision, whether or not similar, nor shall any waiver constitute a
                                            continuing waiver. No waiver shall be binding unless executed in writing by the party making
                                            the waiver.

 

	23.	Cumulative
                                            Remedies. All rights and remedies of the parties under this Agreement shall be cumulative,
                                            and the exercise of any one right or remedy shall not bar the exercise of any other right
                                            or remedy.

 

	24.	Severability.
                                            If any provision of this Agreement shall be held or deemed to be invalid, inoperative or
                                            unenforceable, such circumstances shall not affect the validity of any other provision of
                                            this Agreement.

 

	25.	Publicity.
                                            GPA shall not make any public disclosures regarding the Company, its subsidiaries or affiliates
                                            or the project for which he is performing the Work without the prior approval of the Company.

 

	26.	Modifications.
                                            No amendment or modification to this Agreement shall be effective unless made in writing.

 

	27.	Electronic
                                            Signature. This Agreement may be signed electronically or digitally by any Party or witness,
                                            being the electronic signature, by any means, admitted as valid. Should this Agreement be
                                            signed electronically, the date of execution of this Agreement shall be the date indicated
                                            above (and not the date indicated in any documents generated by the electronic or digital
                                            signature platform used).

 

    	4

     

    

 

IN
WITNESS WHEREOF, the undersigned have executed or caused their respective duly authorized representatives to execute this Agreement
electronically or digitally only or in two (2) counterparts of equal form and content.

 

	BRAZIL
    MINERALS, INC.	 	Gustavo
    Pereira Aguiar
	 	 	 	 
	By:	Marc
    Fogassa, CEO	 	 

 

	Signature:	 	 	 

 

    	5

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