Document:

brds-ex41elocpn

      THIS NOTE HAS NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF  1933, AS AMENDED (THE “SECURITIES ACT”), OR APPLICABLE STATE  SECURITIES LAWS. THIS NOTE HAS BEEN SOLD IN RELIANCE UPON AN  EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT AND SUCH  STATE SECURITIES LAWS AND, ACCORDINGLY, MAY NOT BE OFFERED OR  SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT  UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION  FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION  REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH  APPLICABLE STATE SECURITIES LAWS.  THIS NOTE WAS ISSUED WITH “ORIGINAL ISSUE DISCOUNT” WITHIN THE  MEANING OF SECTION 1272, ET SEQ. OF THE U.S. INTERNAL REVENUE CODE OF  1986, AS AMENDED. UPON WRITTEN REQUEST, BIRD GLOBAL, INC. (THE  “BORROWER”) WILL PROVIDE TO ANY HOLDER OF THE NOTE (1) THE ISSUE  PRICE AND DATE OF THE NOTE, (2) THE AMOUNT OF ORIGINAL ISSUE  DISCOUNT ON THE NOTE AND (3) THE ORIGINAL YIELD TO MATURITY OF THE  NOTE. SUCH REQUEST SHOULD BE SENT TO THE BORROWER AT BIRD GLOBAL,  INC., 392 NE 191ST STREET #20388, MIAMI, FLORIDA 33179, ATTENTION: CHIEF  FINANCIAL OFFICER.  BIRD GLOBAL, INC.  PROMISSORY NOTE  No. BRDS-1 Original Principal Amount: $21,000,000  Note Issuance Date: May 19, 2022       FOR VALUE RECEIVED, BIRD GLOBAL, INC., a company incorporated under the  laws of the State of Delaware (the “Borrower”), hereby promises to pay YA II PN, LTD., a  Cayman Islands exempt limited partnership, or its registered assigns (the “Holder”) (i) the  outstanding portion of the amount set out above as the Original Principal Amount (as reduced  pursuant to the terms hereof pursuant to scheduled payment, redemption or otherwise, the  “Principal”) when due, whether upon the Maturity Date (as defined below), acceleration,  redemption or otherwise (in each case in accordance with the terms hereof) and (ii) to pay interest  (“Interest”) (if any) on any outstanding Principal at the applicable Interest Rate (as defined below)  from the date set out above as the Note Issuance Date (the “Issuance Date”) until the same is paid,  whether upon the Maturity Date, acceleration, redemption or otherwise (in each case in accordance  with the terms hereof) pursuant to the terms of this Promissory Note (this “Note”).   This Note is being issued pursuant to Section 2.05 of the Standby Equity Purchase  Agreement, dated as of May 12, 2022 between the Borrower and YA II PN, Ltd. (as amended, the  “SEPA”). Upon the issuance of this Note by the Borrower and delivery of the same to the Holder,  the Holder shall pay to the account of the Borrower the Original Principal Amount of this Note in  immediately available funds in accordance with a closing statement in the form of Exhibit A  Doc ID: 7bcca1fad2cd1b13b5985dc9fbd729325388609c 

 

- 2 -    attached hereto.   1. CERTAIN DEFINITIONS. For purposes of this Note, the following terms shall  have the following meanings:  (a) “Accelerated Amount” shall have the meaning set forth in Section 4.  (b) “Advance Amount” shall have the meaning given to it in the SEPA.  (c) “Advance Date” shall have the meaning given to it in the SEPA.  (d) “Advance Notice” shall have the meaning given to it in the SEPA.  (e) “Advance Repayment” shall have the meaning set forth in Section 2(c).  (f) “Borrower” shall have the meaning set forth in the preamble of this Note.   (g) “Borrower Repayment” shall have the meaning set forth in Section 2(c).  (h) “Business Day” shall mean any day except Saturday, Sunday and any day  which shall be a federal legal holiday in the United States or a day on which banking  institutions are authorized or required by law or other government action to close.  (i) “Change in Control” shall have the meaning set forth in Section 3(c).  (j) “Closing” shall have the meaning given to it in the SEPA.  (k) “Combination Repayment” shall have the meaning set forth in Section 7(h).  (l) “Combination Repayment” shall have the meaning set forth in Section 2(c).  (m) “Deferred Repayment Schedule” shall have the meaning set forth in Section  2(a).   (n) “Event of Default” shall have the meaning set forth in Section 3.  (o) “Holder” shall have the meaning set forth in the preamble of this Note.   (p) “Installment Amount” shall mean the amount of Principal set out under the  column “Installment Amount” in the Repayment Schedule.   (q) “Interest” shall have the meaning set forth in the preamble of this Note.   (r) “Interest Rate” shall have the meaning set forth in Section 2(c).  (s) “Issuance Date” shall have the meaning set forth in the preamble of this  Note.   (t) “Maturity Date” shall have the meaning set forth in Section 2(a).   Doc ID: 7bcca1fad2cd1b13b5985dc9fbd729325388609c 

 

- 3 -    (u) “Note” shall have the meaning set forth in the preamble of this Note.   (v) “Principal” shall have the meaning set forth in the preamble of this Note.   (w) “Premium Amount” shall mean 2.00% of the Installment Amount being  repaid pursuant to a Borrower Repayment or the portion of any Combination Repayment  constituting a Borrower Repayment.   (x) “Repayment Date” shall mean each date under the heading “Repayment  Date” as set forth on the Repayment Schedule.  (y) “Repayment Notice” shall have the meaning set forth in Section 2(c).   (z) “Repayment Notice Due Date” shall have the meaning set forth in Section  2(c).  (aa) “Repayment Schedule” shall mean the schedule of repayments as set out on  Exhibit B, or such other schedule of repayments as the parties may agree in writing from  time to time.  (bb) “SEPA” shall have the meaning set forth in the preamble of this Note.   (cc) “Subsidiary” shall have the meaning given to it in the SEPA.  2. GENERAL TERMS  (a) Maturity Date. On the Maturity Date, the Borrower shall pay to the Holder  an amount in cash representing all then-outstanding Principal, accrued and unpaid Interest  (if any) and any other amounts outstanding pursuant to the terms of this Note. The  “Maturity Date” shall be November 22, 2022, as may be extended by up to December 19,  2022 upon written notice from the Borrower electing to follow the “Deferred Repayment  Schedule” as set forth on Exhibit B hereto (the “Deferred Repayment Schedule”).  (b) Interest. Interest shall accrue on the outstanding Principal balance hereof at  a rate per annum equal to 0.00%; provided that such rate shall increase to 15.00% per  annum for so long as any Event of Default has occurred and remains uncured (the “Interest  Rate”). Interest shall be calculated on the basis of a 365-day year and the actual number of  days elapsed, to the extent permitted by applicable law.  (c) Monthly Installment Payments. The Borrower shall, at its own option, (i)  repay in cash any Installment Amount (a “Borrower Repayment”) on the applicable  Repayment Date, subject to the provisions of this Section 2(c) and Section 2(d), (ii) repay  any Installment Amount by submitting an Advance Notice (an “Advance Repayment”)  with an Advance Date on or before the applicable Repayment Date, subject to the  provisions of Section 2(e), or (iii) repay any Installment Amount in a combination of a  Borrower Repayment and an Advance Repayment (a “Combination Repayment”). On or  prior to the date that is the fifth Trading Day prior to each Repayment Date (each, a  “Repayment Notice Due Date”), the Borrower shall deliver written notice (each, an  Doc ID: 7bcca1fad2cd1b13b5985dc9fbd729325388609c 

 

- 4 -    “Borrower Repayment Notice”) to the Holder, which Borrower Repayment Notice shall  state that the Borrower elects to repay the applicable Installment Amount (i) in cash  pursuant to a Borrower Repayment, (ii) by an Advance Repayment or (iii) by a  Combination Repayment. If the Borrower does not timely deliver a Borrower Repayment  Notice in accordance with this Section 2(c), then the Borrower shall be deemed to have  delivered a Borrower Repayment Notice confirming that the applicable Installment  Amount will be repaid in cash pursuant to a Borrower Repayment. Any payments made  hereunder prior to a Repayment Date shall reduce the amount due at the next Repayment  Date in chronological order.  (d) Borrower Repayment. If the Borrower elects a Borrower Repayment or  Combination Repayment in accordance with Section 2(c), then the Borrower shall pay to  the Holder in cash by wire transfer of immediately available funds, on or before the  applicable Repayment Date, the applicable Installment Amount (or portion thereof that  constitutes a Borrower Repayment), plus the Premium Amount.  (e) Advance Repayment. If the Borrower elects an Advance Repayment or  Combination Repayment in accordance with Section 2(c), then the Borrower shall deliver  an Advance Notice to the Holder in accordance with the terms and conditions of the SEPA  requesting an Advance Amount equal to or greater than the applicable Installment Amount  (or portion thereof that constitutes an Advance Repayment), which Advance Notice will  provide for an Advance Date on or before the applicable Repayment Date. Upon the  Closing of such Advance in accordance with Section 2.02 of the SEPA, the Holder shall  offset the amount due to be paid by the Holder to the Borrower under the SEPA against the  portion of the Installment Amount to be paid by the Advance Repayment. If any portion of  the Installment Amount remains unpaid at the applicable Repayment Date, the Borrower  shall repay such outstanding Installment Amount in cash pursuant to a Borrower  Repayment. For the avoidance of doubt, the Premium Amount shall not apply in respect of  any Installment Amount paid by an Advance Repayment or the portion of any Combination  Repayment constituting an Advance Repayment, but shall apply to any Borrower  Repayment or the portion of any Combination Repayment constituting a Borrower  Repayment.  (f) Repayment Schedule; Deferred Repayment Schedule. Upon issuance of this  Note, the Borrower may change any Repayment Date by up to seven days if such  Repayment Date is expected to fall on a Borrower blackout date, if such change would  allow the Repayment Date to fall on a date that is not on a Borrower blackout date. The  Borrower may elect to follow the Deferred Repayment Schedule by providing written  notice to the Holder on or before the first Repayment Notice Due Date.  3. EVENTS OF DEFAULT. An “Event of Default,” wherever used herein, means any  one of the following events (whatever the reason and whether it shall be voluntary or involuntary  or effected by operation of law or pursuant to any judgment, decree or order of any court, or any  order, rule or regulation of any administrative or governmental body) shall have occurred and be  continuing:  (a) the Borrower’s failure to pay to the Holder any amount of Principal, Interest  Doc ID: 7bcca1fad2cd1b13b5985dc9fbd729325388609c 

 

- 5 -    or other amounts when and as due and payable under this Note, and such failure is not  cured within five Business Days following the Holder’s written notice to the Borrower to  such effect;  (b) the Borrower or any significant Subsidiary of the Borrower shall  commence, or there shall be commenced against the Borrower or any significant Subsidiary  of the Borrower under any applicable bankruptcy or insolvency laws as now or hereafter  in effect or any successor thereto, or the Borrower or any significant Subsidiary of the  Borrower commences, or there shall be commenced against the Borrower or any significant  Subsidiary of the Borrower, any other proceeding under any reorganization, arrangement,  adjustment of debt, relief of debtors, dissolution, insolvency or liquidation or similar law  of any jurisdiction whether now or hereafter in effect relating to the Borrower or any  significant Subsidiary of the Borrower, in each case, which remains undismissed for a  period of 61 days; or the Borrower or any significant Subsidiary of the Borrower is  adjudicated insolvent or bankrupt pursuant to a final, non-appealable order; or any order of  relief or other order approving any such case or proceeding is entered; or the Borrower or  any significant Subsidiary of the Borrower suffers any appointment of any custodian,  private or court appointed receiver or the like for it or any substantial part of its property  which continues undischarged or unstayed for a period of 61 days; or the Borrower or any  significant Subsidiary of the Borrower makes a general assignment for the benefit of  creditors; or the Borrower or any significant Subsidiary of the Borrower shall admit in  writing that it is unable to pay its debts generally as they become due; or the Borrower or  any significant Subsidiary of the Borrower shall call a meeting of its creditors with a view  to arranging a composition, adjustment or restructuring of its debts; or any corporate or  other action is taken by the Borrower or any significant Subsidiary of the Borrower for the  purpose of effecting any of the foregoing;  (c) (1) the Borrower consummates any transaction or event (whether by means  of a share exchange or tender offer applicable to the Borrower’s common stock, a  liquidation, consolidation, recapitalization, reclassification, combination or merger of the  Borrower or a sale, lease or other transfer of all or substantially all of the consolidated  assets of the Borrower) or a series of related transactions or events pursuant to which all of  the outstanding common stock of the Borrower is exchanged for, converted into or  constitutes solely the right to receive cash, securities or other property; (2) a consolidation  or merger in which the Borrower is not the surviving corporation; or (3) a sale, assignment,  transfer, conveyance or other disposal of all or substantially all of the properties or assets  of the Borrower to another person or entity (each of (1), (2) and (3) a “Change in Control”);  unless in connection with such Change in Control, all Principal, accrued and unpaid Interest  due under this Note and any other amounts owed under this Note will be paid in full or the  Holder consents to such Change in Control;  (d) the Borrower or any significant Subsidiary of the Borrower shall default in  any of its obligations under any debenture or any mortgage, credit agreement or other  facility, indenture agreement, factoring agreement or other instrument under which there  may be issued, or by which there may be secured or evidenced any indebtedness for  borrowed money or money due under any long-term leasing or factoring arrangement of  the Borrower or any significant Subsidiary of the Borrower, whether such indebtedness  Doc ID: 7bcca1fad2cd1b13b5985dc9fbd729325388609c 

 

- 6 -    now exists or shall hereafter be created, in each case, in an amount exceeding $5,000,000,  and where the effect of such default is to cause the obligations thereunder to become due  and payable prior to the stated maturity in accordance with the terms of such instruments  and such default is not cured within five Business Days;   (e) the Class A Common Stock shall have been suspended from trading by the  U.S. Securities and Exchange Commission, The New York Stock Exchange or the  Financial Industry Regulatory Authority, Inc. (except for any suspension of trading of  limited duration or agreed to by the Borrower, which suspension shall not be more than  five Business Days); and  (f) the Borrower materially breaches the terms of this Note or the SEPA beyond  any applicable notice and/or grace period.  4. REMEDIES UPON DEFAULT. During the time that any portion of this Note is  outstanding, if (i) any Event of Default has occurred (other than an Event of Default specified in  Section 3(b)), the Holder, by notice in writing to the Borrower, may at any time and from time to  time while such Event of Default remains uncured declare the full unpaid Principal of this Note or  any portion thereof, together with Interest accrued thereon, to be due and payable immediately (the  “Accelerated Amount”) or (ii) any Event of Default specified in Section 3(b) has occurred, the  Acceleration Amount shall be immediately and automatically due and payable without necessity  of further action.  5. REISSUANCE OF THIS NOTE. Upon receipt by the Borrower of evidence  reasonably satisfactory to the Borrower of the loss, theft, destruction or mutilation of this Note  and, in the case of loss, theft or destruction, of an indemnification undertaking by the Holder to  the Borrower in customary form and, in the case of mutilation, upon surrender and cancellation of  this Note, the Borrower shall execute and deliver to the Holder a new Note representing the  outstanding Principal, which Note (i) shall be of like tenor with this Note, (ii) shall represent, as  indicated on the face of such new Note, the Principal remaining outstanding, (iii) shall have an  issuance date, as indicated on the face of such new Note, that is the same as the Issuance Date of  this Note, (iv) shall have the same rights and conditions as this Note and (v) shall represent accrued  and unpaid Interest from the Issuance Date (if any).  6. NOTICES. Any notices, consents, waivers or other communications required or  permitted to be given under the terms hereof must be in writing and will be deemed to have been  delivered: (i) upon receipt, when delivered personally; (ii) upon receipt, when sent by facsimile or  e-mail if sent on a Business Day, or, if not sent on a Business Day, on the immediately following  Business Day; (iii) five days after being sent by U.S. certified mail, return receipt requested; or  (iv) one day after deposit with a nationally recognized overnight delivery service; in each case  properly addressed to the party to receive the same. The addresses and e­mail addresses for such  communications shall be:  If to the Borrower, to: Bird Global, Inc.  392 NE 191st Street #20388  Miami, Florida 33179   Attention: General Counsel  Doc ID: 7bcca1fad2cd1b13b5985dc9fbd729325388609c 

 

- 7 -     Telephone (866) 205-2442  E-mail: lisa.murison@bird.co    With a copy (which shall not  constitute notice or delivery of  process) to:   Latham & Watkins LLP  555 Eleventh Street, N.W., Suite 1000  Washington, District of Columbia 20004  Attention: Rachel W. Sheridan; Christopher J. Clark  Telephone: (202) 637-2200  E-mail: rachel.sheridan@lw.com;  christopher.j.clark@lw.com    If to the Holder: YA II PN, Ltd.   1012 Springfield Avenue   Mountainside, New Jersey 07092   Attention: Mark Angelo, Portfolio Manager   Telephone: (201) 985-8300    E-mail: mangelo@yorkvilleadvisors.com     With a copy (which shall not  constitute notice or delivery of  process) to:  David Fine, Esq.  1012 Springfield Avenue  Mountainside, New Jersey 07092   Telephone: (201) 985-8300   E-mail:  legal@yorkvilleadvisors.com     or at such other address and/or e-mail and/or to the attention of such other person as the recipient  party has specified by written notice given to each other party three Business Days prior to the  effectiveness of such change. Written confirmation of receipt (i) given by the recipient of such  notice, consent, waiver or other communication, (ii) electronically generated by the sender’s email  service provider containing the time, date, recipient email address or (iii) provided by a nationally  recognized overnight delivery service shall be rebuttable evidence of personal service, receipt by  facsimile or receipt from a nationally recognized overnight delivery service in accordance with  clause (i), (ii) or (iii) above, respectively.  7. General.  (a) No provision of this Note shall alter or impair the obligations of the  Borrower, which are absolute and unconditional, to pay the Principal of or Interest (if any)  on this Note at the time, place and rate, and in the currency, herein prescribed. This Note  is a direct obligation of the Borrower. As long as this Note is outstanding, the Borrower  shall not and shall cause its significant Subsidiaries not to, without the consent of the  Holder, (i) amend its articles of incorporation, bylaws or other charter documents so as to  adversely affect any rights of the Holder under this Note in any material respect, (ii) enter  into any agreement with respect to any of the foregoing or (iii) incur any indebtedness, or  enter into any note, indenture, debenture or any other agreement that would prohibit or  limit the Borrower from performing any of its obligations under this Note in any material  respect.  Doc ID: 7bcca1fad2cd1b13b5985dc9fbd729325388609c 

 

- 8 -    (b) This Note shall be governed by and interpreted in accordance with the laws  of the State of New York, without regard to the principles of conflict of laws. Each of the  parties consents to the jurisdiction of the state courts of the State of New York and the  U.S. District Court for the District of New York sitting in Manhattan in connection with  any dispute arising under this Note, and hereby waives, to the maximum extent permitted  by law, any objection, including any objection based on forum non conveniens, to the  bringing of any such proceeding in such jurisdictions.   (c) If an Event of Default has occurred, then the Borrower shall reimburse the  Holder promptly for all reasonable and documented out-of-pocket fees, costs and expenses,  including, without limitation, reasonable attorneys’ fees and expenses, incurred by the  Holder in any action in connection with this Note, including, without limitation, those  incurred: (i) during any workout or attempted workout and/or in connection with the  rendering of legal advice as to the Holder’s rights, remedies and obligations; (ii) collecting  any sums that become due to the Holder in accordance with the terms of this Note; (iii)  defending or prosecuting any proceeding or any counterclaim to any proceeding or appeal;  or (iv) the protection, preservation or enforcement of any rights or remedies of the Holder.  (d) Any waiver by the Holder of a breach of any provision of this Note shall  not operate as or be construed to be a waiver of any other breach of such provision or of  any breach of any other provision of this Note. The failure of the Holder to insist upon  strict adherence to any term of this Note on one or more occasions shall not be considered  a waiver or deprive that party of the right thereafter to insist upon strict adherence to that  term or any other term of this Note. Any waiver must be in writing.  (e) If any provision of this Note is invalid, illegal or unenforceable, the balance  of this Note shall remain in effect, and if any provision is inapplicable to any person or  circumstance, it shall nevertheless remain applicable to all other persons and  circumstances. If it shall be found that any Interest or other amount deemed Interest due  hereunder shall violate applicable laws governing usury, the applicable rate of Interest due  hereunder shall automatically be lowered to equal the maximum permitted rate of interest.  The Borrower covenants (to the extent that it may lawfully do so) that it shall not at any  time insist upon, plead or in any manner whatsoever claim or take the benefit or advantage  of, any stay, extension or usury law or other law that would prohibit or forgive the Borrower  from paying all or any portion of the Principal of or Interest on this Note as contemplated  herein, wherever enacted, now or at any time hereafter in force, or that may affect the  covenants or the performance of this Note, and the Borrower (to the extent it may lawfully  do so) hereby expressly waives all benefits or advantage of any such law, and covenants  that it will not, by resort to any such law, hinder, delay or impede the execution of any  power herein granted to the Holder, but will suffer and permit the execution of every such  as though no such law had been enacted.  (f) Whenever any payment or other obligation hereunder shall be due on a day  other than a Business Day, such payment shall be made on the next succeeding Business  Day.  (g) Assignment of this Note by the Borrower shall be prohibited without the  Doc ID: 7bcca1fad2cd1b13b5985dc9fbd729325388609c 

 

- 9 -    prior written consent of the Holder. Assignment of this Note by the Holder shall be  prohibited without the prior written consent of the Borrower. If any assignment is made,  the Borrower shall keep a register indicating the ownership of the Notes with the intent that  the Notes are treated as in registered form for U.S. federal income tax purposes.  (h) The Holder hereby represents and warrants that it is (x) not a bank receiving  payments on an extension of credit made pursuant to a loan agreement entered into in the  ordinary course of its trade or business, as described in section 881(c)(3)(A) of the Internal  Revenue Code of 1986, as amended (the “Code”), (y) not a “10-percent shareholder” of  the Borrower within the meaning of section 871(h)(3) of the Code and (z) not a controlled  foreign corporation that is related to the Borrower within the meaning of section  881(c)(3)(C) of the Code. For the avoidance of doubt, the representations under this Section  7(h), in the case the Holder is an intermediary or partnership, shall also apply to the  Holder’s direct or indirect owners so as to ensure payments can be made to the Holder  without requirement of U.S. withholding tax under the portfolio interest exemption.  (i) The Holder shall provide the Borrower with an executed Internal Revenue  Service Form W-9 or applicable Internal Revenue Service Form W-8 and shall update such  form upon request from the Borrower. The Holder shall also provide such other  documentation as may be reasonably requested by the Borrower from time to time in order  for the Borrower to determine the Borrower’s withholding and information reporting  obligations.  (j) THE PARTIES HEREBY KNOWINGLY, VOLUNTARILY AND  INTENTIONALLY WAIVE THE RIGHT ANY OF THEM MAY HAVE TO A TRIAL  BY JURY IN RESPECT OF ANY LITIGATION BASED HEREON OR ARISING OUT  OF, UNDER OR IN CONNECTION WITH THIS NOTE OR ANY COURSE OF  CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER VERBAL OR  WRITTEN) OR ACTIONS OF ANY PARTY. THIS PROVISION IS A MATERIAL  INDUCEMENT FOR THE PARTIES’ ACCEPTANCE OF THIS NOTE.  [Signature Page Follows]    Doc ID: 7bcca1fad2cd1b13b5985dc9fbd729325388609c 

 

  [Signature Page to Promissory Note]  IN WITNESS WHEREOF, the parties hereto have caused this Promissory Note to be executed  by the undersigned, thereunto duly authorized, as of the date first set forth above.   BORROWER:   BIRD GLOBAL, INC.       By:          Name: Yibo Ling   Title: Chief Financial Officer               HOLDER:   YA II PN, LTD.      By: Yorkville Advisors Global, LP   Its: Investment Manager     By:  Yorkville Advisors Global II, LLC  Its:  General Partner     By:          Name: Matt Beckman   Title: Member              Doc ID: 7bcca1fad2cd1b13b5985dc9fbd729325388609c 

 

  [Signature Page to Promissory Note]  IN WITNESS WHEREOF, the parties hereto have caused this Promissory Note to be executed  by the undersigned, thereunto duly authorized, as of the date first set forth above.   BORROWER:   BIRD GLOBAL, INC.       By:          Name: Yibo Ling   Title: Chief Financial Officer               HOLDER:   YA II PN, LTD.      By: Yorkville Advisors Global, LP   Its: Investment Manager     By:  Yorkville Advisors Global II, LLC  Its:  General Partner     By:          Name: Matt Beckman   Title: MemberEX-10.1

 Exhibit 10.1 

ARCONIC CORPORATION 

AMENDED AND RESTATED EXECUTIVE SEVERANCE PLAN 

The Company hereby adopts, effective as of May 17, 2022 (the “Effective Date”), the Arconic Corporation
Amended and Restated Executive Severance Plan (this “Plan”). The Plan is primarily for the purpose of providing severance pay for a select group of management or highly compensated employees. All benefits under the Plan will be paid
solely from the general assets of the Company. All capitalized terms used and not otherwise defined herein are defined in Section 1 hereof. 

SECTION 1. DEFINITIONS. As hereinafter used: 

1.1 “Affiliate” shall have the meaning set forth in Rule 12b-2 under
Section 12 of the Exchange Act. 
 1.2 “Annual Base Salary” means a Severed Employee’s annual base
salary as of his or her Severance Date. 
 1.3 “Applicable Period” shall mean (a) in the case of a Tier
I Employee or a Tier II Employee, the twenty-four (24)-month period immediately following such Tier I or Tier II Employee’s Severance Date, and (b) in the case of a Tier III Employee, the twelve (12)-month period immediately following such
Tier III Employee’s Severance Date. 
 1.4 “Board” means the Board of Directors of the Company. 

1.5 “Cause” means any of the following, as determined by the Company in its sole and absolute discretion: 

(a) the willful failure by the Eligible Employee to perform the Eligible Employee’s material duties with
the Company or the Employer, or to comply with the material lawful directives of the Company or the Employer, that has not been cured within thirty (30) days after a written demand for performance is delivered to the Eligible Employee by the
Company, unless the Company determines in its discretion that the failure is not capable of cure; 
 (b) any
willful conduct by the Eligible Employee which is injurious to, or adverse to the best interests of, the Company or any Affiliate, monetarily, or otherwise, including, but not limited to, its reputation or standing in its industry; 

(c) any act or acts of fraud, misappropriation, theft or embezzlement on the Eligible Employee’s part
which result in or are intended to result in the Eligible Employee’s or another’s personal enrichment at the expense of the Company or its Affiliates; 

(d) the Eligible Employee’s conviction of, or plea of nolo contendere to, a felony under the laws of the
United States or any state or comparable crime under the laws of a jurisdiction outside the United States or the Eligible Employee’s conviction of any misdemeanor involving moral turpitude; or 

(e) the Eligible Employee’s material failure to abide by the Company’s Code of Conduct or other
policies governing the conduct of employees of the Company, and, as applicable, any Affiliate. 
 No act, or failure to act
on the Eligible Employee’s part, shall be deemed “willful” unless done, or omitted to be done, by the Eligible Employee not in good faith and without reasonable belief that the Eligible Employee’s act, or failure to act, was in
the best interest of the Company or an Affiliate. 
 1.6 “Code” means the Internal Revenue Code of 1986, as
it may be amended from time to time, including rules, regulations and guidance promulgated thereunder and successor provisions and rules and regulations thereto. 

1.7 “Committee” means the Compensation and Benefits Committee of the Board or any successor to such committee.

 1.8 “Company” means Arconic Corporation or any successors thereto. 

1.9 “DB Pension Plan” means any tax-qualified, supplemental or excess
defined benefit pension plan maintained 

 
by the Company or any of its Affiliates and any other defined benefit plan or agreement entered into between the Eligible Employee and the Company or any of its Affiliates which is designed to
provide the Eligible Employee with supplemental defined benefit retirement benefits. 
 1.10 “DC Pension
Plan” means any tax-qualified, supplemental or excess defined contribution plan maintained by the Company or any of its Affiliates and any other defined contribution plan or agreement entered into
between the Eligible Employee and the Company or any of its Affiliates which is designed to provide the Eligible Employee with supplemental defined contribution retirement benefits. 

1.11 “Delayed Payment Date” shall have the meaning set forth in Section 2.1(e). 

1.12 “Eligible Employee” means any Tier I, Tier II or Tier III Employee; provided that, any Tier I,
Tier II or Tier III Employee who is party to an individual agreement with the Company or any of its Affiliates that provides for severance benefits upon an involuntary termination shall not be considered an “Eligible Employee” while such
agreement is in effect. An Eligible Employee becomes a “Severed Employee” once he or she incurs a Severance Event. 

1.13 “Employer” means the Company or any of its Subsidiaries that employs the applicable Eligible Employee.

 1.14 “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended from time to time.

 1.15 “Notice of Termination” shall have the meaning set forth in Section 3.5. 

1.16 “Plan” shall have the meaning given in the preamble hereto. 

1.17 “Release Date” shall have the meaning set forth in Section 2.1. 

1.18 “Section 409A” shall have the meaning set forth in Section 5.10(a). 

1.19 A “Separation from Service” means a “separation from service” within the meaning of
Section 409A and Treasury Regulation Section 1.409A-1(h). 
 1.20
“Severance Event” means an Eligible Employee’s involuntary termination of employment by the Employer other than for Cause, which, to the extent necessary to avoid the imposition of the excise tax under Section 409A, shall
constitute a Separation from Service. An Eligible Employee will not be considered to have incurred a Severance Event if his or her employment is discontinued by reason of the Eligible Employee’s death or a physical or mental condition causing
such Eligible Employee’s inability to substantially perform his or her duties with the Employer, including, without limitation, such condition entitling him or her to benefits under any sick pay or disability income policy or program of the
Company or any of its Affiliates. 
 1.21 “Severance Date” means the effective date of an Eligible
Employee’s Severance Event. 
 1.22 “Severance Pay” shall have the meaning set forth in
Section 2.1(a). 
 1.23 “Severed Employee” shall have the meaning set forth in Section 1.12. 

1.24 “Subsidiary” shall have the meaning set forth in Rule 12b-2 under
Section 12 of the Exchange Act. 
 1.25 “Target Cash Incentive Compensation” means a Severed
Employee’s target annual cash incentive compensation with respect to the fiscal year of the Company in which the Severance Date occurs. 

1.26 “Tier I Employee” means (a) each employee of the Company or a Subsidiary thereof who participated in
the Plan as a Tier I Employee as of immediately prior to the Effective Date and who has not waived in writing the right to continue to participate in the Plan, and (b) each other employee of the Company or any Subsidiary thereof who is
designated by the Committee as eligible to participate in this Plan as a Tier I Employee. 

 1.27 “Tier II Employee” means (a) each employee of the
Company or a Subsidiary thereof who participated in the Plan as a Tier II Employee as of immediately prior to the Effective Date and who has not waived in writing the right to continue to participate in the Plan, and (b) each other employee of
the Company or any Subsidiary thereof who is designated by the Committee as eligible to participate in this Plan as a Tier II Employee. 

1.28 “Tier III Employee” means (a) each employee of the Company or a Subsidiary thereof who participated
in the Plan as a Tier III Employee as of immediately prior to the Effective Date and who has not waived in writing the right to continue to participate in the Plan, and (b) each other employee of the Company or any Subsidiary thereof who is
designated by the Committee as eligible to participate in this Plan as a Tier III Employee. 
 SECTION 2. BENEFITS. 

2.1 Severance Payments and Benefits. Each Severed Employee shall be entitled to receive the following payments and
benefits from the Company, subject to Section 2.2, and subject to the Severed Employee executing both the Company’s separation agreement, which may include, among other terms, a non-competition
restriction and a non-solicitation restriction for a period no less than the Applicable Period, and a general release of claims in favor of the Company and its Affiliates in a form satisfactory to the Company
and such release becoming effective and irrevocable no later than the date that is sixty (60) days following the Severance Date (such effective date, the “Release Date”). If the Severed Employee does not satisfy such separation
agreement and release requirements, then the Severed Employee shall not be entitled to receive the payments described in Sections 2.1(a), (c) and (d) and the Company shall have no obligation to provide the benefits described in
Section 2.1(b) after the end of the month in which the Severance Date occurs. 
 (a) Severance
Pay. A lump sum cash amount (the “Severance Pay”) equal to (i) in the case of a Tier I Employee, two times the sum of the Severed Employee’s (A) Annual Base Salary and (B) Target Cash Incentive Compensation,
(ii) in the case of a Tier II Employee, one times the sum of the Severed Employee’s (A) Annual Base Salary, and (B) Target Cash Incentive Compensation, and (iii) in the case of a Tier III Employee, the Severed
Employee’s Annual Base Salary; provided that, if the amount of the cash severance pay for such Severed Employee calculated under the Arconic Corp. Involuntary Separation Pay Plan, as in effect from time to time, or any successor plan, is
greater than the amount calculated in accordance with this Section 2.1(a), then such Severed Employee’s Severance Pay shall equal such greater amount. 

(b) Benefits. During the Applicable Period, the Company shall arrange to provide the Severed Employee
and anyone entitled to claim through the Severed Employee life, accident and health (including medical, behavioral, prescription drug, dental and vision) benefits substantially similar to those provided to the Severed Employee and anyone entitled to
claim through the Severed Employee immediately prior to the Severed Employee’s Severance Date at no greater after-tax cost to the Severed Employee than the
after-tax cost to the Severed Employee immediately prior to such Severance Date. 

(c) Defined Contribution Cash Payment. For a Severed Employee who is eligible to receive the Employer
Retirement Income Contributions (ERIC) under any DC Pension Plan, in addition to the retirement benefits to which the Severed Employee is entitled under each DC Pension Plan or any successor plan thereto, the Company shall pay the Severed Employee a
lump sum cash amount equal to the product of (i) the ERIC contribution percentage in effect for the Severed Employee on the Severance Date under such DC Pension Plan, multiplied by (ii) the Severed Employee’s Annual Base Salary plus
Target Cash Incentive Compensation, multiplied by (iii) the number of years during the Applicable Period. 

(d) Defined Benefit Pension Cash Payment. For a Severed Employee who participates in any DB Pension
Plan, in addition to the retirement benefits to which the Severed Employee is entitled under each DB Pension Plan, the Company shall pay the Severed Employee a lump sum cash amount equal to the excess of (i) the actuarial equivalent of the
aggregate retirement pension (taking into account any early retirement subsidies associated therewith and determined in accordance with the normal form of payment under each DB Pension Plan, commencing at the date on or after the last day of the
Applicable Period as of which the actuarial equivalent of such form of payment is greatest) which the Severed Employee would have accrued and vested in under the terms of all DB Pension Plans determined for all purposes of determining pension
benefits and eligibility for such benefits, including all applicable retirement subsidies, as if the Severed Employee had accumulated (after the Severed Employee’s Severance Date) the number of additional months of age and service credit
thereunder that the Severed Employee would have accumulated had the Severed Employee remained employed 

 
by the Company (or, as applicable, the Employer) during the Applicable Period, over (ii) the actuarial equivalent of the aggregate retirement pension (taking into account any early
retirement subsidies associated therewith and determined in accordance with the normal form of payment under each DB Pension Plan, commencing at the date on or after the Severed Employee’s Severance Date as of which the actuarial equivalent of
such form of payment is greatest) that the Severed Employee had accrued and vested in pursuant to the provisions of the DB Pension Plans as of the Severed Employee’s Severance Date. 

For purposes of this Section 2.1(d), “actuarial equivalent” shall be determined based upon the Severed
Employee’s age as of the Severed Employee’s Severance Date using the same assumptions utilized under the Arconic Corp. Pension Plan A, Section 8.3(d)(ii) or the successor to such provision (without regard to applicable dollar
limitations ($5,000 as of January 1, 2020)) immediately prior to the Severed Employee’s Severance Date. 

(e) Timing of Payment. The amounts described in Sections 2.1(a), (c) and (d) shall be paid to the
Eligible Employee in a cash lump sum on the Release Date; provided that, if the Severed Employee is, as of the Severance Date, a “specified employee” within the meaning of Section 409A as determined in accordance with the methodology
duly adopted by the Company as in effect on the Severance Date, then, to the extent necessary to avoid the imposition of the excise tax under Section 409A, such lump sum amounts shall instead be paid on the first business day following the day
that is at least six (6) months after the Severance Date (or if sooner, upon the death of the Severed Employee) (the “Delayed Payment Date”), with interest at the applicable federal rate provided for in
Section 7872(f)(2)(A) of the Code, from the first business day after the Severance Date through the Delayed Payment Date. 

2.2 Withholding. The Company shall be entitled to withhold from amounts to be paid to any Severed Employee hereunder any
federal, state or local withholding or other taxes or charges (or foreign equivalents of such taxes or charges) which it is from time to time required to withhold under applicable law or regulation. Further, in its sole discretion, the Company may
withhold from amounts to be paid to any Severed Employee hereunder any amount owed by the Severed Employee to the Company or its Affiliates. 

2.3 Status of Plan Payments. No payments or benefits pursuant to this Plan shall constitute “compensation” (or
similar term) under any employee benefit plan sponsored or maintained by the Company or any of its Affiliates, including any DB Pension Plan or DC Pension Plan. 

2.4 Mitigation; Setoff. A Severed Employee is not required to seek other employment or attempt in any way to
reduce any amounts payable to the Severed Employee under the Plan. Further, no payment or benefit provided for in this Plan shall be reduced by any compensation earned by the Severed Employee as a result of employment by another employer or by
retirement benefits. 
 SECTION 3. PLAN ADMINISTRATION; CLAIMS PROCEDURES. 

3.1 The Committee shall administer the Plan and: 

(a) the Committee, in its sole and absolute discretion, may interpret and construe the terms of the Plan,
prescribe, amend and rescind rules and regulations under the Plan and make all other determinations necessary or advisable for the administration of the Plan, subject to all of the provisions of the Plan; 

(b) any determination by the Committee shall be final and binding with respect to the subject matter thereof on
all Eligible Employees and all other persons; 
 (c) the Committee may delegate any of its duties hereunder
to such person or persons from time to time as it may designate, and in such case, references to the Committee herein shall include such delegate of the Committee. 

3.2 The Committee is empowered, on behalf of the Company, to engage accountants, legal counsel and such other personnel as it
deems necessary or advisable to assist it in the performance of its duties under the Plan. The functions of any such persons engaged by the Committee shall be limited to the specified services and duties for which they are engaged, and such persons
shall have no other duties, obligations or responsibilities under the Plan. Such persons shall exercise no discretionary authority or discretionary control respecting the management of the Plan. All reasonable expenses thereof shall be borne by the
Company. 
 3.3 Claims Procedure. 

 (a) In the event of a claim by an Eligible Employee, such
Eligible Employee shall present the reason for his or her claim in writing to the Committee. The Committee shall, within ninety (90) days after receipt of such written claim (unless special circumstances require an extension of up to ninety
(90) days, in which case written notice of the extension shall be furnished to the Eligible Employee prior to the end of the initial ninety (90)-day period, indicating the special circumstances requiring
an extension and the date by which the Committee expects to render its decision), send a written notification to the Eligible Employee as to its disposition. In the event the claim is wholly or partially denied, such written notification shall
(i) state the specific reason or reasons for the denial, (ii) make specific reference to the relevant Plan provisions on which the denial is based, (iii) provide a description of any additional material or information necessary for
the Eligible Employee to perfect the claim and an explanation of why such material or information is necessary, and (iv) describe the Plan’s review procedures and the time limits applicable to such procedures, including the Eligible
Employee’s right to bring a civil action under Section 502(a) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) following a full or partial denial of the claim on review. 

(b) In the event that an Eligible Employee wishes to appeal the denial of his or her claim he or she may
request a review of such denial by making application in writing to the Committee within sixty (60) days after receipt of such denial. An Eligible Employee (or his or her duly authorized legal representative) shall be provided, upon written
request to the Committee and free of charge, reasonable access to, and copies of, all documents, records or other information in the Company’s possession relevant to his or her claim and may submit comments, documents, records and other
information relating to the claim, which shall be taken into account by the Committee in reviewing its denial of the Eligible Employee’s claim, without regard to whether such information was submitted or considered in the initial claim. 

(c) Within sixty (60) days after receipt of a written appeal (unless special circumstances require an
extension of up to sixty (60) days, in which case written notice of the extension shall be furnished to the Eligible Employee prior to the end of the initial sixty (60)-day period, indicating the special
circumstances requiring an extension and the date by which the Committee expects to render its decision on review), the Committee shall notify the Eligible Employee of the final decision in writing. In the event the claim is wholly or partially
denied on review, such written notification shall (i) state the specific reason or reasons for the denial, (ii) make specific reference to the relevant Plan provisions on which the denial is based, (iii) include a statement of the
Eligible Employee’s entitlement, upon written request to the Committee and free of charge, reasonable access to, and copies of, all documents, records or other information in the Company’s possession relevant to his or her claim, and
(iv) describe the Eligible Employee’s right to bring a civil action under Section 502(a) of ERISA. 

(d) Notwithstanding the foregoing, upon the mutual agreement of the Eligible Employee and the Committee, any
claim, dispute or controversy that has been submitted by the Eligible Employee in writing to the Committee may be submitted directly to arbitration in accordance with Section 3.4. 

3.4 Any claim, dispute or controversy arising under or in connection with the Plan, and which is not resolved in accordance
with Section 3.3, shall be settled exclusively by arbitration in Wilmington, Delaware. All claims, disputes and controversies shall be submitted to the CPR Institute for Dispute Resolution (“CPR”) in accordance with the
CPR’s rules then in effect. The claim, dispute or controversy shall be heard and decided by three (3) arbitrators selected from CPR’s employment panel. The arbitrators’ decision shall be final and binding on all parties. Judgment
may be entered on the arbitrators’ award in any court having jurisdiction. 
 3.5 Any purported termination of an
Eligible Employee’s employment shall be communicated by written Notice of Termination from the Company to the Eligible Employee in accordance with Section 5.7. For purposes of this Plan, a “Notice of Termination”
shall mean a notice which shall specify the Severance Date (which shall not be more than thirty (30) days after the date such Notice of Termination is given). 

SECTION 4. PLAN MODIFICATION OR TERMINATION. 

The Plan may be amended or terminated by the Board at any time and for any reason; provided, however, that the Committee
may make amendments to the Plan (a) that are required by applicable law, (b) that will have minimal effect upon the Company’s cost of providing benefits under the Plan, or (c) that do not change or alter the character and intent
of the Plan. Notwithstanding the foregoing, any termination of the Plan, or amendment that materially adversely affects any Eligible Employee, shall not be effective as to such Eligible Employee until the first anniversary of the date that such
Eligible Employee receives written notice from the Company of such 

 
termination or amendment. 
 SECTION 5. GENERAL PROVISIONS. 

5.1 Except as otherwise provided herein or by law, no right or interest of any Eligible Employee under the Plan shall be
assignable or transferable, in whole or in part, either directly or by operation of law or otherwise, including, without limitation, by execution, levy, garnishment, attachment, pledge or in any manner. No attempted assignment or transfer of any
such right or interest shall be effective, and no right or interest of any Eligible Employee under the Plan shall be liable for, or subject to, any obligation or liability of such Eligible Employee. The Plan shall inure to the benefit of, and be
binding upon, the Company and its successors and assigns. 
 5.2 Neither the establishment of the Plan, nor any modification
thereof, nor the creation of any fund, trust or account, nor the payment of any benefits shall be construed as giving any Eligible Employee, or any person whomsoever, the right to be retained in the service of the Company, and all Eligible Employees
shall remain subject to discharge to the same extent as if the Plan had never been adopted. 
 5.3 If any provision of this
Plan shall be held invalid or unenforceable, such invalidity or unenforceability shall not affect any other provisions hereof, and this Plan shall be construed and enforced as if such provisions had not been included. 

5.4 If a Severed Employee dies while any amount is still payable to such Severed Employee, all such amounts, unless otherwise
provided herein, shall be paid in accordance with the terms of this Plan to the executor, personal representative or administrators of the Severed Employee’s estate. 

5.5 The headings and captions herein are provided for reference and convenience only, shall not be considered part of the Plan,
and shall not be employed in the construction of the Plan. 
 5.6 The Plan shall not be funded. No Eligible Employee shall
have any right to, or interest in, any assets of the Company which may be applied by the Company to the payment of benefits or other rights under this Plan. 

5.7 Any notice or other communication required or permitted pursuant to the terms hereof shall be in writing and shall be
deemed to have been duly given when personally delivered or when mailed by United States certified mail, return receipt requested, or by overnight courier, postage prepaid, to the Company at its corporate headquarters address, to the attention of
the Chief Legal Officer of the Company, or to the Eligible Employee at the Eligible Employee’s Company email address while the Eligible Employee is still employed by the Company or the Employer, or at the Eligible Employee’s most recent
home address reflected on the books and records of the Company. 
 5.8 This Plan shall be construed and enforced according to
the laws of the State of Delaware, without regard to its principles of conflicts of law. 
 5.9 Payments to a Severed
Employee under this Plan shall be in lieu of any severance or similar payments that otherwise might be payable under any plan, program, policy or agreement sponsored or maintained by the Company that provides severance benefits to employees upon
termination of employment or other payments or bonuses upon an involuntary termination of employment by the Employer other than for Cause, except (a) as expressly provided by Section 2.1(a) with respect to the Arconic Corp. Involuntary
Separation Pay Plan, (b) any applicable payment or acceleration of equity or equity-based awards shall be in addition to, rather than in lieu of, any payment or benefits due under the Plan and (c) if a Severed Employee receives severance
payments under the Company’s Change in Control Severance Plan in connection with such Severed Employee’s Severance Event, then no payments or benefits will be provided to such Severed Employee under this Plan. 

5.10 Section 409A. 

(a) The payments, entitlements, and obligations under this Plan are intended to comply with the requirements of
Section 409A of the Code (“Section 409A”) or an exemption or exclusion therefrom (including, but not limited to, the “short-term deferral” and “separation pay” exceptions) and this Plan
shall in all respects be interpreted and administered in accordance with such intent. Notwithstanding the foregoing, the Company may unilaterally amend the terms of this Plan to 

 
avoid the application of, or to comply with, Section 409A, in a particular circumstance or as necessary or desirable to satisfy any of the requirements under Section 409A or to mitigate
any additional tax, interest and/or penalties that may apply under Section 409A if exemption or compliance is not practicable and in a manner that preserves the economics of payments owed to a Severed Employee under this Plan, but the Company
shall not be under any obligation to make any such amendment. Although the Company intends to administer this Plan so that it will comply with or be exempt from the requirements of Section 409A, to the extent applicable thereto, the Company
does not represent or warrant that this Plan will comply with or be exempt from Section 409A or any other provision of federal, state, local or non-United States law. Neither the Company or any Affiliate
nor any of their respective directors, officers, employees or advisers shall be liable to any Eligible Employee or Severed Employee (or any other individual claiming a benefit through an Eligible Employee or Severed Employee) for any tax, interest,
or penalties he or she may owe as a result of payments made under this Plan, and the Company shall have no obligation to indemnify or otherwise protect any Eligible Employee or Severed Employee from the obligation to pay any taxes pursuant to
Section 409A, or otherwise. 
 (b) Each payment of compensation under this Plan shall be treated as a
separate payment of compensation for purposes of applying Section 409A. If amounts or benefits to be made or provided upon a termination of employment under this Plan constitute non-qualified deferred
compensation subject to Section 409A, as determined in the Company’s sole discretion, such amounts or benefits may only be made or provided upon a “separation from service” under Section 409A, and to the extent that any
payment or benefit period conditioned on a Severed Employee’s execution of a release commences in one calendar year and ends in the subsequent calendar year, such amounts or benefits shall be paid or commence payment as soon as possible in the
second calendar year. In no event may a Severed Employee, directly or indirectly, designate the calendar year of any payment under this Plan. 

(c) Notwithstanding anything to the contrary in this Plan, with respect to all reimbursements and in-kind benefits provided under this Plan that are subject to Section 409A shall be made in accordance with the requirements of Section 409A, including without limitation, where applicable, the requirement
that (a) the amount of expenses eligible for reimbursement, or in-kind benefits provided, during a calendar year may not affect the expenses eligible for reimbursement, or
in-kind benefits to be provided, in any other calendar year; (b) the reimbursement of any eligible fees and expenses shall be made no later than the last day of the calendar year following the year in
which the applicable fees and expenses were incurred; and (c) the right to reimbursement or in-kind benefits is not subject to liquidation or exchange for another benefit.

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