Document:

Exhibit

EXHIBIT 10.22

Summary of the Terms of Verint Systems Inc. Executive Officer Annual Bonus Plan
Verint Systems Inc. (the “Company”) maintains an annual bonus program (the “AIP”) for its executive officers. Under the AIP, each executive officer is eligible to receive an annual cash bonus upon the satisfaction of pre-determined performance goals, however, the Company may reserve the right to pay some or all of the bonus in shares of our common stock. The target bonus under the AIP is established annually by the Compensation Committee of the Company’s Board of Directors (the “Committee”) as part of the Committee’s regular compensation review process and is paid following certification by the Committee of the achievement of the underlying performance goals. In establishing target bonuses, in addition to the factors considered as part of the compensation review process generally, the Committee also considers the target bonus set forth in the executive officer’s employment agreement (if applicable), as well as special achievements, promotions, and other facts and circumstances specific to the individual officer. 
The performance goals under the AIP are based on revenue, a measure of profitability, and a measure of cash generation and are expressed on a non-GAAP basis. In the case of executive officers with direct responsibility for a specific operating unit, unit revenue and unit profitability goals may also be incorporated into the executive officer’s performance goals. The financial performance goals established by the Committee generally come in the form of a range, wherein the executive officer may achieve a percentage of his or her target bonus at the low end of the performance range (or threshold), 100% of his target bonus towards the middle of the performance range (target performance), and up to 200% of his target bonus at the high end of the performance range.Exhibit 4.6

 

SHARE PURCHASE AGREEMENT

 

THIS SHARE PURCHASE
AGREEMENT (this “Agreement”), is made as of November 26, 2017, between ARDMORE SHIPPING CORPORATION, a Republic
of the Marshall Islands corporation (the “Company”), and GA HOLDINGS LLC, a Republic of the Marshall Islands limited
liability company (“Seller”).

 

RECITALS 

 

WHEREAS, Seller owns
an aggregate of 5,787,942 shares (the “Shares”) of the Company’s common stock (“Common Stock”),
of which (a) 5,702,288 of the Shares have been registered for resale under Registration Statements on Form F-3 (File Nos.
333-206501 and 333-213343) (the “Registered Shares”) and (b) 85,654 of the Shares (the “Unregistered
Shares”) were issued pursuant to the Company’s Dividend Reinvestment Plan and have not been registered for resale
under the Securities Act of 1933, as amended (the “Securities Act”);

 

WHEREAS, Seller contemplates
selling 5,579,978 of the Registered Shares in an underwritten public offering (the “Public Offering”) and has
provided the Company the opportunity to consider (a) purchasing some of the Registered Shares from the underwriters in the Public
Offering and (b) purchasing from Seller, concurrently with the closing of the Public Offering, the Unregistered Shares;

 

WHEREAS, the Company
desires to purchase from the underwriters in the Public Offering some of the Registered Shares and, concurrently with the closing
of the Public Offering, the Company desires to purchase from Seller, and Seller desires to sell to the Company, the Unregistered
Shares on the terms and conditions set forth herein (the “Transaction”); and

 

WHEREAS, in connection
with the Public Offering, the Seller plans to distribute to certain of its members the remaining 122,310 of the Registered Shares.

 

AGREEMENT

 

NOW THEREFORE, in consideration
of the mutual agreements hereinafter set forth and for other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties hereto agree as follows:

 

1.       Purchase
Price. The parties agree that the aggregate purchase price (the “Purchase Price”) to be paid by the Company
to Seller for the Unregistered Shares is an amount equal to the product of (a) the number of Unregistered Shares multiplied
by (b) the price per share of Common Stock paid by the underwriters to Seller in the Public Offering.

 

2.       Closing.
The closing of the Transaction (the “Closing”) shall occur concurrently with the closing of the Public Offering
(excluding the exercise of any option granted to the underwriters to purchase additional shares of Common Stock). At the Closing,
(a) Seller shall deliver or cause to be delivered to the Company all right, title and interest in and to the Unregistered Shares,
free and clear of any lien, pledge, charge, security interest, encumbrance, option, equity or other adverse claim thereto (collectively,
“Liens”) (except for Liens in favor of or created by the Company or any affiliate thereof, other than the Seller,
Reginald Jones or Niall McComiskey), together with any documents of conveyance or transfer reasonably required by the Company to
transfer to and confirm all right, title and interest in and to the Unregistered Shares free and clear of any Liens (except for
Liens in favor of or created by the Company or any affiliate thereof, other than the Seller, Reginald Jones or Niall McComiskey),
and (b) the Company shall deliver to Seller the Purchase Price, by wire transfer of immediately available funds, to an account
designated by Seller to the Company at least one business day prior to the Closing.

 

    	 	 	 

     

    

 

3.       Condition
to Closing. Notwithstanding anything to the contrary, the Company’s obligations to repurchase the Unregistered Shares
shall be subject to the closing of the Public Offering (excluding the exercise of any option granted to the underwriters to purchase
additional shares of Common Stock) and the purchase by the underwriters of 5,579,978 of the Registered Shares in connection with
the Public Offering.

 

4.       Representations
and Warranties of Seller. Seller hereby represents, warrants and agrees for the benefit of Company as follows:

 

(a)     Seller has sufficient authority to consummate the Transaction and enter into this Agreement. This Agreement has been duly
executed and delivered by Seller and constitutes a legal, valid and binding obligation of Seller, enforceable against Seller in
accordance with its terms, except that such enforcement may be subject to (i) bankruptcy, insolvency, fraudulent transfer,
reorganization, moratorium or other similar laws affecting or relating to enforcement of creditors’ rights generally, and
(ii) general principles of equity, whether such enforceability is considered in a proceeding at law or in equity (the “Enforceability
Exceptions”).

 

(b)     Seller is an “accredited investor” within the meaning of Rule 501 of Regulation D promulgated under the Securities
Act.

 

(c)     Seller acknowledges and agrees that (i) Seller has been furnished with all materials it considers relevant to making its
decision to enter into this Agreement and to consummate the Transaction and has had the opportunity to review (A) the Company’s
filings and submissions with the U.S. Securities and Exchange Commission, including, without limitation, all information filed
or furnished pursuant to the Securities Exchange Act of 1934, as amended (collectively, the “Public Filings”),
and (B) this Agreement (collectively, the “Materials”), (ii) Seller has had a full opportunity to ask questions
of the Company concerning the Company, its business, operations, performance, condition (financial or other) and prospects, and
the terms and conditions of the Transaction, and to obtain from the Company any information that it considers necessary in making
an informed decision and to verify the accuracy of the information set forth in the Public Filings and the other Materials, (iii)
Seller has had the opportunity to consult with its accounting, tax, financial and legal advisors to be able to evaluate the risks
involved in the Transaction and to make an informed decision with respect to the Transaction, and (iv) no statement or written
material contrary to the Public Filings or the Materials has been made or given to Seller by or on behalf of the Company.

 

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(d)    
Other than as set forth in the Seller’s Schedule 13D filed with the U.S. Securities and Exchange Commission on June
21, 2016, Seller is the sole legal and beneficial owner of the Unregistered Shares. Seller has good, valid and marketable title
to the Unregistered Shares, free and clear of any Liens. Upon completion of the Transaction, Company will receive good and marketable
title to the Unregistered Shares, free and clear of any Liens.

 

5.       Representations
and Warranties of the Company. The Company hereby represents, warrants and agrees for the benefit of Seller as follows:

 

(a)     The
Company has sufficient authority to consummate the Transaction and enter into this Agreement.

 

(b)    
This Agreement has been duly executed and delivered by the Company and constitutes a legal, valid and binding obligation
of the Company, enforceable against the Company in accordance with its terms, except that such enforcement may be subject to the
Enforceability Exceptions.

 

(c)    
This Agreement and consummation of the Transaction will not violate, conflict with or result in a breach of or default under
(i) the charter, bylaws or other organizational documents of the Company, (ii) any agreement or instrument to which the Company
is a party or by which the Company or any of its assets are bound, or (iii) any laws, regulations or governmental or judicial decrees,
injunctions or orders applicable to the Company, except for such violations, conflicts or breaches under clauses (ii) and (iii)
above that would not, individually or in the aggregate, have a material adverse effect on the performance of the Company’s
obligations under this Agreement or on the consummation of the transactions contemplated hereby.

 

(d)    
The Company has made available to Seller (including via the U.S. Securities and Exchange Commission’s EDGAR system)
a copy of the Public Filings. None of the Public Filings filed under the Securities Exchange Act of 1934, as amended, contained,
when filed or, if amended, as of the date of such amendment with respect to those disclosures that are amended, any untrue statement
of a material fact or omitted to state a material fact required to be stated therein or necessary to make the statements therein,
in light of the circumstances under which they were made, not misleading. The Company has timely filed each report, statement,
schedule, prospectus, and registration statement that the Company was required to file with the U.S. Securities and Exchange Commission
since its inception. There are no material outstanding or unresolved comments in comment letters from the staff of the U.S. Securities
and Exchange Commission with respect to any of the Public Filings.

 

6.       Company
Reliance. Seller acknowledges and agrees that the Company is relying on Sellers’s representations, warranties and agreements
herein as a condition to proceeding with the Transaction. Without such representations, warranties and agreements, the Company
would not engage in the Transaction.

 

7.       Seller
Reliance. The Company acknowledges and agrees that the Seller is relying on the Company’s representations, warranties
and agreements herein as a condition to proceeding with the Transaction. Without such representations, warranties and agreements,
the Seller would not engage in the Transaction.

 

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8.       Miscellaneous.

 

(a)     Headings.
The headings in this Agreement are for reference purposes only and shall not affect the meaning or interpretation of this Agreement.

 

(b)    
Governing Law; Consent to Jurisdiction. This Agreement shall be governed by and construed in accordance with the
laws of the State of New York, without giving effect to the choice of law principles of such state. The parties to this Agreement
hereby agree to submit to the jurisdiction of the courts of the State of New York, the courts of the United States of America for
the Southern District of New York, and appellate courts from any courts thereof in any action or proceeding arising out of or relating
to this Agreement.

 

(c)     
Enforcement. The parties hereto agree that irreparable damage would occur, and that the parties would not have any
adequate remedy at law, in the event that any of the provisions of this Agreement were not performed in accordance with their specific
terms or were otherwise breached. It is accordingly agreed that the parties shall be entitled to an injunction or injunctions to
prevent breaches of this Agreement and to specifically enforce the terms and provisions of this Agreement, without proof of actual
damages or otherwise, in addition to any other remedy to which any party is entitled at law or in equity. Each party agrees to
waive any requirement for the securing or posting of any bond in connection with such remedy. The parties further agree not to
assert that a remedy of specific enforcement is unenforceable, invalid, contrary to law or inequitable for any reason, nor to assert
that a remedy of monetary damages would provide an adequate remedy.

 

(d)    
Amendments. This Agreement may be amended only by an instrument in writing executed by the Company and Seller.

 

(e)    
Third-Party Beneficiaries. Nothing expressed or implied in this Agreement is intended or shall be construed to confer
upon or give any person or entity any right or remedies under or by reason of this Agreement.

 

(f)     
Entire Agreement. This Agreement constitutes the entire agreement and understanding of the parties with respect to
the transactions contemplated hereby.

 

(g)    
Further Assurances. Seller agrees that it will, upon request, execute and deliver any additional documents deemed
by the Company to be necessary or desirable to complete the Transaction.

 

(h)    
Counterparts. This Agreement may be executed and delivered in multiple counterparts, including by means of facsimile
and electronic mail, each of which shall be deemed an original, but all of which together shall constitute the same instrument.

 

(i)     
Termination. This Agreement shall automatically terminate and be of no further force and effect if the closing of
the Public Offering (excluding the exercise of any option granted to the underwriters to purchase additional shares of Common Stock)
shall not have occurred prior to December 31, 2017.

 

[Signature
Pages Follow]

 

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IN
WITNESS WHEREOF, the parties hereto have executed this SHARE PURCHASE AGREEMENT as of the date first above written.

 

 

		ARDMORE SHIPPING CORPORATION  
	 	 	 
	 	 	 
		By:	/s/ Paul Tivnan
		Name:	Paul Tivnan
		Title:	Chief Financial Officer, Treasurer and Secretary

   

    	 

     

    

 

		GA HOLDINGS LLC  
	 	 	 
	 	 	 
		By:	/s/ Reginald L. Jones III 
		Name:	 Reginald L. Jones III 
		Title:	Director

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