Document:

LOAN
AGREEMENT

 

Loan
Agreement (the “Agreement”) dated November 20, 2017 (the “Effective Date”) among WENN Digital
Inc. (the “Corporation”) and AppCoin Innovations Inc. (the “Lender”).

 

Article
1

INTERPRETATION

 

Section
1.1 Headings, etc.

 

The
division of this Agreement into Articles and Sections and the insertion of headings are for convenient reference only and do not
affect its interpretation.

 

Section
1.2 Currency.

 

All
references in this Agreement to dollars or to “$” are expressed in United States currency unless otherwise specifically
indicated.

 

Section
1.3 Certain Phrases.

 

In
this Agreement, the words “including”, “includes” and “include” mean
“including (or includes or include) without limitation”. The expressions “Article”, “Section”
and other subdivision followed by a number mean and refer to the specified Article, Section or other subdivision of the Agreement.
In the computation of periods of time from a specified date to a later specified date, unless otherwise expressly stated, the
word “from” means “from and including” and the words “to” and “until” each mean
“to but excluding”.

 

Article
2

PRINCIPAL SUM

 

Section
2.1 Principal Sum.

 

Subject
to the terms and conditions of this Agreement, the Lender agrees to make available to the Corporation a loan (the “Loan”)
in the aggregate principal amount of $100,000 (the “Principal Amount”). The Principal Amount shall be loaned
to Ryde GmbH by the Corporation.

 

Section
2.2 Maturity Date

 

The
Principal Amount, any accrued and unpaid interest thereon, and any other amounts owing under the Loan, shall mature on one (1)
year from the Effective Date (or such later date as may be agreed to, in writing, by the Lender, in its sole discretion) or such
earlier date as the Principal Amount may become due and payable in accordance with the terms and conditions thereon.

 

Section
2.3 Interest.

 

The
Principal Amount outstanding from time to time shall bear interest both before and after maturity, default and judgement from
including the date of advance of the Principal Amount to the date of repayment in full at the rate of 7.0% per annum, compounded
annually, on the basis of a year of 365 days, with interest payable on the Maturity Date. Interest on overdue interest shall be
calculated at the same rate payable on demand.

 

    	 

    	-2-

    

 

Section
2.4 Prepayments.

 

The
Principal Amount may be prepaid by the Corporation to the Lender in whole or in part on not less than 10 days prior written notice
by the Corporation to the Lender. At the expiry of such notice period, the Corporation shall pay to the Lender the prepayment
amount, interest on such portion of the Principal Amount as is being prepaid, accruing to the date of prepayment, and all fees,
costs, charges and expenses then due and owing, without bonus or penalty.

 

Section
2.5 Bonus.

 

As
partial consideration for the Lender agreeing to provide the Loan to the Corporation, the Corporation shall issue to the Lender
such number of shares such that the Lender will own 7.5% of the issued and outstanding common stock (the “Common Stock”)
of the Corporation after the issuance of Common Stock to each of WENN, Business Instincts Group Inc., Ryde and the other founding
shareholders of the Corporation.

 

Article
3

COVENANTS

 

Section
3.1 Affirmative Covenants.

 

So
long as any Principal Amount remains outstanding, the Corporation shall:

 

	 	(a)
    	preserve
    and maintain its corporate existence and all its rights, licences, powers, privileges, franchises and goodwill;
	 	 	 
	 	(b)
    	carry
    on and conduct its business in a proper and efficient manner;
	 	 	 
	 	(c)
    	comply
    in all material respects with the requirements of all applicable laws;
	 	 	 
	 	(d)	 advise
    the Lender immediately upon becoming aware of any Event of Default (as hereinafter defined); and
	 	 	 
	 	(e)
    	promptly
    cure or cause to be cured any defects in the execution and delivery of this Agreement or any defects in the validity or enforceability
    of this Agreement.

 

Article
4

TERMINATION AND EVENTS OF DEFAULT

 

Section
4.1 Termination

 

This
Agreement may, by notice in writing, be terminated:

 

    	 

    	-3-

    

 

	 	(a)
    	by
    mutual consent of the parties; 
	 	 	 
	 	(b)
    	by
    the Lender, upon the occurrence of an Event of Default (subject to the provisions of Section 4.3); or
	 	 	 
	 	(c)
    	by
    either party if there has been a material breach of any provision of this Agreement by the other party and such breach has
    not been waived by the non-breaching party.

 

Section
4.2 Events of Default.

 

The
occurrence of any of the following events shall constitute an “Event of Default” under this Agreement:

 

	 	(a)	if
    the Corporation fails to pay any of the Principal Amount or other amounts payable under this Agreement or otherwise payable
    by the Corporation, its successors or assigns, to the Lender, its successors or assigns when such amounts become due and payable
    and such failure remains unremedied for five (5) days;
	 	 	 
	 	(b)
    	the
    Corporation fails to perform, observe or comply with any of the covenants contained in this Agreement and, if the circumstances
    giving rise to such failure are capable of modification or rectification (such that, thereafter the covenant would be observed
    or performed), the failure remains uncorrected for a period of 10 days following the earlier of (x) the date on which the
    Lender provides notice to the Corporation of such failure; and (y) the date on which the Corporation becomes aware of any
    such failure;
	 	 	 
	 	(c)
    	if
    the Corporation fails to perform, observe or comply with any other term, covenant or agreement contained in this Agreement
    and, if the circumstances giving rise to such failure are capable of modification or rectification (such that, thereafter
    the covenant would be observed or performed), the failure remains uncorrected for a period of 10 days following the earlier
    of (x) the date on which the Lender provides notice to the Corporation of such failure; and (y) the date on which the Corporation
    becomes aware of any such failure; or
	 	 	 
	 	(d)
    	if
    the Corporation (i) admits in writing its inability to pay its debts generally or makes a general assignment for the benefit
    of creditors, (ii) institutes or has instituted against it any proceeding seeking (x) to adjudicate it a bankrupt or insolvent,
    (y) liquidation, winding-up, reorganization, arrangement, adjustment, protection, relief or composition of it or its debts
    under any law relating to bankruptcy, insolvency, reorganization or relief of debtors including any plan of compromise or
    arrangement or other corporate proceeding involving or affecting its creditors, or (z) the entry of an order for relief or
    the appointment of a receiver, trustee or other similar official for it or for any substantial part of its properties and
    assets, and in the case of any such proceeding instituted against it (but not instituted by it), either the proceeding remains
    undismissed or unstayed for a period of 30 days, or any of the actions sought in such proceeding (including the entry of an
    order for relief against it or the appointment of a receiver, trustee, custodian or other similar official for it or for any
    substantial part of its properties and assets) occurs, or (iii) takes any corporate action to authorize any of the above actions.

 

    	 

    	-4-

    

 

Section
4.3 Consequences of an Event of Default.

 

Upon
the occurrence or existence of any Event of Default and following the expiry of any applicable grace periods and at any time thereafter
during the continuance of such Event of Default, the Lender may, by written notice to the Corporation, declare all outstanding
amounts payable by the Corporation hereunder (which amount shall be determined as if the Principal Amount and any interest payable
thereon was being repaid on the date of such notice) to be immediately due and payable without presentment, demand, protest or
any other notice of any kind, all of which are hereby expressly waived, anything contained herein to the contrary notwithstanding.
Upon the occurrence or existence of any Event of Default described in Section 4.2(d) hereof, immediately and without notice, all
outstanding amounts payable by the Corporation hereunder shall automatically become immediately due and payable, without presentment,
demand, protest or any other notice of any kind, all of which are hereby expressly waived, anything contained herein to the contrary
notwithstanding. In addition to the foregoing remedies, upon the occurrence or existence of any Event of Default, the Lender may
exercise any other right, power or remedy permitted to it by law, either by suit in equity or by action at law, or both, and may
recover all attorneys’ fees and expenses incurred by Lender in collecting or attempting to collect the indebtedness under
this Agreement, whether or not any action or proceeding is commenced, and expenses incurred by Lender in connection with any insolvency,
bankruptcy, reorganization, or other similar proceedings involving the Company.

 

Article
5

MISCELLANEOUS

 

Section
5.1 Indemnification.

 

The
Corporation agrees to indemnify the Lender from and against any and all liabilities, obligations, losses, damages, penalties,
actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever (except by reason of the negligence
or wilful misconduct of the Lender) which may be imposed on, incurred by, or asserted against the Lender and arising by reason
of any action (including any action referred to herein) or inaction or omission to do any act legally required of the Corporation.

 

Section
5.2 Notice.

 

Any
notice, direction or other communication (each a “Notice”) given regarding the matters contemplated by this
Agreement must be in writing, sent by personal delivery, courier or electronic mail and addressed:

 

    	 

    	-5-

    

 

To
the Lender at:

 

AppCoin
Innovations Inc.

561 Indiana Court

Venice, CA 90291

Attention:
      Michael Blum

Telephone:

Email:
           michael.blum@appcoininnovations.com

 

With
a copy, which shall not constitute notice, to:

 

Clark
Wilson LLP

Barristers and Solicitors

900-885
West Georgia Street

Vancouver, BC V6C 3H1

Attention:
      Virgil Z. Hlus

Telephone:
    (604) 891-7707

Email:
           vhlus@cwilson.com

 

To
the Corporation at:

 

WENN
Digital Inc.

c/o 561 Indiana Court

Venice, CA 90291

Attention:
      Jamie Clarke

Telephone:
    (403) 389-7748

Email:

 

A
Notice is deemed to be delivered and received (i) if sent by personal delivery, on the date of delivery if it is a business day
and the delivery was made prior to 4:00 p.m. (local time in place of receipt) and otherwise on the next business day; (ii) if
sent by same-day service courier, on the date of delivery if sent on a business day and delivery was made prior to 4:00 p.m. (local
time in place of receipt) and otherwise on the next business day; (iii) if sent by overnight courier, on the next business day;
or (iv) if sent by electronic mail, on the date of delivery or transmission if sent on a business day. A party may change its
address for service from time to time by providing a Notice in accordance with the foregoing. Any subsequent Notice must be sent
to the party at its changed address. Any element of a party’s address that is not specifically changed in a Notice will
be assumed not to be changed.

 

Section
5.3 Time of the Essence.

 

Time
shall be of the essence of this Agreement.

 

Section
5.4 Announcements.

 

The
parties shall consult with each other before issuing any press release, news release or otherwise making any filings or public
statements with respect to this Agreement and the transactions contemplated herein and shall not issue such press release without
the prior written consent of the other party, which consent shall not be unreasonably withheld or delayed, in each case, subject
to applicable Laws and the exercise of such fiduciary duties, as may be appropriate.

 

    	 

    	-6-

    

 

Section
5.5 No Agency or Partnership.

 

Nothing
contained in this Agreement makes or constitutes any party, or any of its directors, officers or employees, the representative,
agent, principal, partner, joint venture, employer, employee of any other party. It is understood that no party has the capacity
to make commitments of any kind or incur obligations or liabilities binding upon any other party.

 

Section
5.6 Expenses.

 

Except
as otherwise expressly provided in this Agreement, each party will pay for its own costs and expenses incurred in connection with
this Agreement and the transactions contemplated by it. The fees and expenses referred to in this Section are those which are
incurred in connection with the negotiation, preparation, execution and performance of this Agreement, and the transactions contemplated
by this Agreement, including the fees and expenses of legal counsel, investment advisers and accountants.

 

Section
5.7 Amendments.

 

This
Agreement may only be amended, supplemented or otherwise modified by written agreement signed by all of the parties.

 

Section
5.8 Waiver.

 

	(1)
    	No
    waiver of any of the provisions of this Agreement will constitute a waiver of any other provision (whether or not similar).
    No waiver will be binding unless executed in writing by the party to be bound by the waiver. A party’s failure or delay
    in exercising any right under this Agreement will not operate as a waiver of that right. A single or partial exercise of any
    right will not preclude a party from any other or further exercise of that right or the exercise of any other right.
	 	 
	(2)
    	If
    a party waives compliance with any of the conditions, obligations or covenants contained in this Agreement, the waiver will
    be without prejudice to any of its rights of termination in the event of non-fulfilment, non-observance or non-performance
    of any other condition, obligation or covenant in whole or in part. 

 

Section
5.9 Entire Agreement.

 

This
Agreement constitutes the entire agreement between the parties with respect to the transactions contemplated by this Agreement
and supersedes all prior agreements, understandings, negotiations and discussions, whether oral or written, of the parties. There
are no representations, warranties, covenants, conditions or other agreements, express or implied, collateral, statutory or otherwise,
between the parties in connection with the subject matter of this Agreement, except as specifically set forth in this Agreement.
The parties have not relied and are not relying on any other information, discussion or understanding in entering into and completing
the transactions contemplated by this Agreement, except as set out herein.

 

    	 

    	-7-

    

Section
5.10 Successors and Assigns.

 

	(1)	This
    Agreement becomes effective only when executed by all of the parties. After that time, it is binding on and enures to the
    benefit of the parties and their respective heirs, administrators, executors, legal personal representatives, successors and
    permitted assigns.
	 	 
	(2)
    	Except
    as otherwise provided in this Agreement, neither this Agreement nor any of the rights or obligations under this Agreement
    are assignable or transferable by the Corporation without the prior written consent of the Lender, nor by the Lender without
    the prior written consent of the Corporation, provided that the Lender may, without such consent, assign all or part of its
    rights and obligations under this Agreement, without reducing its own obligations hereunder, to any of its Affiliates.

 

Section
5.11 Further Assurances.

 

The
parties agree to execute and deliver such further and other papers, cause such meetings to be held and resolutions passed enacted,
exercise their vote and influence, and do and perform and cause to be done and performed, such further and other acts and things
that may be necessary or desirable in order to give full effect to this Agreement and every part thereof.

 

Section
5.12 Severability.

 

If
any provision of this Agreement is determined to be illegal, invalid or unenforceable, by an arbitrator or any court of competent
jurisdiction from which no appeal exists or is taken, that provision will be severed from this Agreement and the remaining provisions
will remain in full force and effect.

 

Section
5.13 Governing Law.

 

This
Agreement shall be governed by and interpreted and enforced in accordance with the laws of the State of Nevada.

 

Section
5.14 Counterparts.

 

This
Agreement may be executed in any number of counterparts (including counterparts by facsimile or other electronic transmission)
and all such counterparts taken together will be deemed to constitute one and the same instrument. The party sending the facsimile
or other electronic transmission will also deliver the original signed counterpart to the other party, however, failure to deliver
the original signed counterpart shall not invalidate this Agreement.

 

The
remainder of this page has been intentionally left blank.

 

    	 

    	-8-

    

 

IN
WITNESS WHEREOF the parties have executed this Loan Facility Agreement.

 

	 	APPCOIN
    INNOVATIONS INC.
	 	 	 
	 	By:	/s/
    Michael Blum
	 	Print
    Name:	Michael
    Blum
	 	Print
    Title:	CFO
	 	 	 
	 	WENN
    DIGITAL INC.
	 	 	 
	 	By:	/s/
    Jamie Clarke
	 	Print
    Name:	Jamie
    Clarke
	 	Print
    Title:	PresidentEX-10.1

 Exhibit 10.1 

ELECTRONICS FOR IMAGING, INC. 

2017 EQUITY INCENTIVE PLAN 

[RESTRICTED STOCK UNIT AWARD AGREEMENT] 

[PERFORMANCE STOCK UNIT AWARD AGREEMENT] 

THIS [RESTRICTED] [PERFORMANCE] STOCK UNIT AWARD AGREEMENT (this “Award Agreement”), dated as of
[                    , 20    ] by and between Electronics For Imaging, Inc., a Delaware corporation
(the “Company”), and [                    ] (the “Participant”), evidences the award (the
“Award”) granted by the Company to the Participant as to the number of stock units (the “Stock Units”) first set forth below. 
  

							
	  

  Number of Stock Units1:

 
	  	  

[                    ]

 
	    	  

Award Date:
  
	  	  

[                    ], 20  
    
  

 Vesting: The Award shall vest and become
nonforfeitable as follows: [insert vesting schedule and vesting conditions] 
 The Award is granted under the Electronics For
Imaging, Inc. 2017 Equity Incentive Plan (the “Plan”) and subject to the Terms and Conditions of Stock Unit Award, attached hereto as Exhibit A (the “Terms”) (incorporated herein by this reference) and to the
Plan. The Award has been granted to the Participant in addition to, and not in lieu of, any other form of compensation otherwise payable or to be paid to the Participant. Capitalized terms are defined in the Plan if not defined herein. The parties
agree to the terms of the Award set forth herein. 
 By clicking on the Acceptance button below, the Participant agrees to be bound by the
terms and conditions of the Plan and this Award Agreement (including the Terms). Participant has reviewed this Award Agreement and the Plan in their entirety and fully understands all provisions of this Award Agreement and the Plan (including,
without limitation, the tax withholding provisions in Section 9 of the Terms). Additionally, by clicking on the Acceptance button, the Participant agrees that the Participant has read, fully understands and agrees to abide by the terms of the
Company’s Insider Trading Policy and has read and fully understands the Prospectus for the Plan. Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Administrator upon any questions
arising under the Plan or relating to the Stock Units. 
  

			
	ELECTRONICS FOR IMAGING, INC.:
		
	By:	 	  

	Print Name:	 	  

  

	1 	Subject to adjustment under Section 7.1 of the Plan. 

 EXHIBIT A 

TERMS AND CONDITIONS OF STOCK UNIT AWARD 

1. Stock Units. As used herein, the term “stock unit” shall mean a
non-voting unit of measurement which is deemed for bookkeeping purposes to be equivalent to one outstanding share of the Company’s Common Stock (subject to adjustment as provided in Section 7.1 of
the Plan) solely for purposes of the Plan and this Award Agreement. The Stock Units shall be used solely as a device for the determination of the payment to eventually be made to the Participant if such Stock Units vest pursuant to Section 2.
The Stock Units shall not be treated as property or as a trust fund of any kind. 
 2. Vesting. Subject to
Section 7 below, the Award shall vest and become nonforfeitable in percentage installments of the aggregate number of Stock Units subject to the Award as set forth on the cover page of this Award Agreement. 

3. Continuance of Employment/Service. The vesting schedule requires continued employment or service through each
applicable vesting date as a condition to the vesting of the applicable installment of the Award and the rights and benefits under this Award Agreement. Employment or service for only a portion of the vesting period, even if a substantial portion,
will not entitle the Participant to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of employment or services as provided in Section 7 below or under the Plan. 

Nothing contained in this Award Agreement or the Plan constitutes an employment or service commitment by the Company, affects the
Participant’s status as an employee at will who is subject to termination without cause, confers upon the Participant any right to remain employed by or in service to the Company or any Subsidiary, interferes in any way with the right of the
Company or any Subsidiary at any time to terminate such employment or services, or affects the right of the Company or any Subsidiary to increase or decrease the Participant’s other compensation or benefits. Nothing in this Award Agreement,
however, is intended to adversely affect any independent contractual right of the Participant without his or her consent thereto. 

4. Limitation on Rights as a Stockholder; Dividend and Voting Rights. The Participant shall have no rights as a
stockholder of the Company, no dividend rights and no voting rights, with respect to the Stock Units and any shares of Common Stock underlying or issuable in respect of such Stock Units until such shares of Common Stock are actually issued to and
held of record by the Participant. No adjustments will be made for dividends or other rights of a holder for which the record date is prior to the date of issuance of such shares. 

5. Restrictions on Transfer. Neither the Award, nor any interest therein or amount or shares payable in respect thereof
may be sold, assigned, transferred, pledged or otherwise disposed of, alienated or encumbered, either voluntarily or involuntarily. The transfer restrictions in the preceding sentence shall not apply to (a) transfers to the Company, or
(b) transfers by will or the laws of descent and distribution. 
 6. Timing and Manner of Payment of Stock Units.
On or as soon as administratively practical following each vesting of the applicable portion of the total Award pursuant to Section 2 hereof or Section 7 of the Plan (and in all events not later than two and
one-half months after the applicable vesting date), the Company shall deliver to the Participant a number of shares of Common Stock (either by delivering one or more certificates for such shares or by entering
such shares in book entry form, as determined by the Company in its discretion) equal to the number of Stock Units subject to the Award that vest on the applicable vesting date, unless such Stock Units terminate prior to the given vesting date
pursuant to Section 7. The Company’s obligation to deliver shares of Common Stock or otherwise make payment with respect to vested Stock Units is subject to the condition precedent that the Participant or other person entitled under the
Plan to receive any shares with respect to the vested Stock Units deliver to the Company any representations or other documents or assurances required pursuant to Section 8.1 of the Plan. The Participant shall have no further rights with
respect to any Stock Units that are paid or that terminate pursuant to Section 7. 
 7. Effect of Termination of
Employment or Service. The Participant’s Stock Units shall terminate to the extent such units have not become vested prior to the first date the Participant is no longer employed by or in service to the Company or one of its
Subsidiaries, regardless of the reason for the termination of the Participant’s employment or service with the Company or a Subsidiary, whether with or without cause, voluntarily or involuntarily. If any unvested Stock Units are terminated
hereunder, such Stock Units shall automatically terminate and be cancelled as of the applicable termination date without payment of any consideration by the Company and without any other action by the Participant, or the Participant’s
beneficiary or personal representative, as the case may be. 

 8. Adjustments Upon Specified Events. Upon the
occurrence of certain events relating to the Company’s stock contemplated by Section 7.1 of the Plan (including, without limitation, an extraordinary cash dividend on such stock), the Administrator shall make adjustments in accordance with
such section in the number of Stock Units then outstanding and the number and kind of securities that may be issued in respect of the Award. 

9. Tax Withholding. Notwithstanding anything to the contrary in this Agreement, the Company shall be entitled to require
payment by Participant of any sums required by applicable law to be withheld with respect to the grant of RSUs or the issuance of shares of Stock. Such payment shall be made by deduction from other compensation payable to Participant or in such
other form of consideration acceptable to the Company which may, in the sole discretion of the Company, include: (a) cash or check; (b) a reduction in the shares of Common Stock otherwise deliverable under the Award by a number of shares
having a fair market value (as determined under the Plan) on the date of delivery equal to up to the maximum amount required to be withheld by statute; or (c) other property acceptable to the Company in its sole discretion (including, without
limitation, through the delivery of a notice that the Participant has placed a market sell order with a broker with respect to shares of Common Stock then issuable under the Stock Units, and that the broker has been directed to pay a sufficient
portion of the net proceeds of the sale to the Company in satisfaction of its withholding obligations; provided that payment of such proceeds is then made to the Company upon settlement of such sale). The Company shall not be obligated to
deliver any new certificate representing shares of Common Stock to Participant or Participant’s legal representative or enter such shares in book entry form unless and until Participant or Participant’s legal representative shall have paid
or otherwise satisfied in full the amount of all federal, state and local taxes applicable to the taxable income of Participant resulting from the grant of the Stock Units or the issuance of shares in respect thereof. 

10. Notices. Any notice to be given under the terms of this Award Agreement shall be in writing and addressed to the
Company at its principal office to the attention of the Secretary, and to the Participant at the Participant’s last address reflected on the Company’s payroll records. Any notice shall be delivered in person or shall be enclosed in a
properly sealed envelope, addressed as aforesaid, registered or certified, and deposited (postage and registry or certification fee prepaid) in a post office or branch post office regularly maintained by the United States Government. Any such notice
shall be given only when received, but if the Participant is no longer an Eligible Person, shall be deemed to have been duly given five business days after the date mailed in accordance with the foregoing provisions of this Section 10. 

11. Plan. The Award and all rights of the Participant under this Award Agreement are subject to the terms and conditions
of the provisions of the Plan, incorporated herein by reference. The Participant agrees to be bound by the terms of the Plan and this Award Agreement. The Participant acknowledges having read and understanding the Plan, the Prospectus for the Plan,
and this Award Agreement. Unless otherwise expressly provided in other sections of this Award Agreement, provisions of the Plan that confer discretionary authority on the Board or the Administrator do not (and shall not be deemed to) create any
rights in the Participant unless such rights are expressly set forth herein or are otherwise in the sole discretion of the Board or the Administrator so conferred by appropriate action of the Board or the Administrator under the Plan after
the date hereof. 
 12. Entire Agreement. This Award Agreement and the Plan together constitute the entire agreement
and supersede all prior understandings and agreements, written or oral, of the parties hereto with respect to the subject matter hereof. The Plan and this Award Agreement may be amended pursuant to Section 8.6 of the Plan. Such amendment must
be in writing and signed by the Company. The Company may, however, unilaterally waive any provision hereof in writing to the extent such waiver does not adversely affect the interests of the Participant hereunder, but no such waiver shall operate as
or be construed to be a subsequent waiver of the same provision or a waiver of any other provision hereof. 
 13. Limitation on
Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Award Agreement creates only a contractual obligation on the part of the Company as to amounts
payable and shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. The Participant shall have only the rights of a general unsecured creditor of the Company with respect to amounts
credited and benefits payable, if any, with respect to the Stock Units, and rights no greater than the right to receive the Common Stock as a general unsecured creditor with respect to Stock Units, as and when payable hereunder. 

14. Counterparts. This Award Agreement may be executed simultaneously in any number of counterparts, each of which shall
be deemed an original but all of which together shall constitute one and the same instrument. 
 15. Section Headings.
The section headings of this Award Agreement are for convenience of reference only and shall not be deemed to alter or affect any provision hereof. 

 16. Governing Law. This Award Agreement shall be governed by and construed
and enforced in accordance with the laws of the State of Delaware without regard to conflict of law principles thereunder. 
 17.
Construction. It is intended that the terms of the Award will not result in the imposition of any tax liability pursuant to Section 409A of the Code. This Award Agreement shall be construed and interpreted consistent with that
intent. 
 18. Clawback Policy. The Stock Units are subject to the terms of the Company’s recoupment, clawback or
similar policy as it may be in effect from time to time, as well as any similar provisions of applicable law, any of which could in certain circumstances require repayment or forfeiture of the Stock Units or any shares of Common Stock or other cash
or property received with respect to the Stock Units (including any value received from a disposition of the shares acquired upon payment of the Stock Units). 

19. No Advice Regarding Grant. The Participant is hereby advised to consult with his or her own tax, legal and/or
investment advisors with respect to any advice the Participant may determine is needed or appropriate with respect to the Stock Units (including, without limitation, to determine the foreign, state, local, estate and/or gift tax consequences with
respect to the Award). Neither the Company nor any of its officers, directors, affiliates or advisors makes any representation (except for the terms and conditions expressly set forth in this Award Agreement) or recommendation with respect to the
Award. Except for the withholding rights set forth in Section 9 above, the Participant is solely responsible for any and all tax liability that may arise with respect to the Award.

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