Document:

Exhibit 10.8

 

THUNDER BRIDGE CAPITAL PARTNERS III INC.

9912 Georgetown Pike

Suite D203

Great Falls, Virginia 22066

_____, 2021

 

First Capital Group, LLC

9912 Georgetown Pike

Suite D203

Great Falls, Virginia 22066

 

Re: Administrative Services Agreement

 

Ladies and Gentlemen:

 

This letter agreement by and between Thunder
Bridge Capital Partners III Inc. (the “Company”) and First Capital Group, LLC (“First Capital”), dated
as of the date hereof, will confirm our agreement that, commencing on the date the securities of the Company are first listed on
the NASDAQ Capital Market (the “Listing Date”), pursuant to a Registration Statement on Form S-1 and
prospectus filed with the Securities and Exchange Commission (the “Registration Statement”) and continuing until the
earlier of the consummation by the Company of an initial business combination or the Company’s liquidation (in each case
as described in the Registration Statement) (such earlier date hereinafter referred to as the “Termination Date”):

 

(i) First Capital,
an affiliate of the Company’s Chief Executive Officer, shall make available, or cause to be made available, to the Company,
at 9912 Georgetown Pike, Suite D203, Great Falls, Virginia 22066 (or any successor location of First Capital), office space and
administrative and support services. In exchange therefor, the Company shall pay First Capital the sum of $10,000 per month on
the Listing Date and continuing monthly thereafter until the Termination Date; and

 

(ii) First Capital
hereby irrevocably waives any and all right, title, interest, causes of action and claims of any kind as a result of, or arising
out of, this letter agreement (each, a “Claim”) in or to, and any and all right to seek payment of any amounts due
to it out of, the trust account established for the benefit of the public shareholders of the Company and into which substantially
all of the proceeds of the Company’s initial public offering will be deposited (the “Trust Account”), and hereby
irrevocably waives any Claim it may have in the future, which Claim would reduce, encumber or otherwise adversely affect the Trust
Account or any monies or other assets in the Trust Account, and further agrees not to seek recourse, reimbursement, payment or
satisfaction of any Claim against the Trust Account or any monies or other assets in the Trust Account for any reason whatsoever.

 

This letter agreement constitutes the entire
agreement and understanding of the parties hereto in respect of its subject matter and supersedes all prior understandings, agreements,
or representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter
hereof or the transactions contemplated hereby.

 

This letter agreement may not be amended,
modified or waived as to any particular provision, except by a written instrument executed by the parties hereto.

 

No party hereto may assign either this
letter agreement or any of its rights, interests, or obligations hereunder without the prior written approval of the other party.
Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate to transfer or assign
any interest or title to the purported assignee.

 

This letter agreement constitutes the entire
relationship of the parties hereto, and any litigation between the parties (whether grounded in contract, tort, statute, law or
equity) shall be governed by, construed in accordance with, and interpreted pursuant to the laws of the State of New York, without
giving effect to its choice of laws principles.

 

This letter agreement may be executed in
one or more counterparts, each of which shall for all purposes be deemed to be an original but all of which together shall constitute
one and the same letter agreement.

 

[Signature Page Follows]

 

     

     

    

 

	 	Very truly yours,
	 	 
	 	THUNDER BRIDGE ACQUISITION II, LTD.
	 	 	 
	 	By:	
	 	 	Name: 	Gary A. Simanson
	 	 	Title:	Chief Executive Officer

 

	AGREED TO AND ACCEPTED BY:	 
	 	 
	FIRST CAPITAL GROUP, LLC	 
	 	 	 	 
	By:		 
	 	Name: 	Gary A. Simanson	 
	 	Title:	Managing Director	 

 

[Signature Page to Administrative Services
Agreement]Exhibit 10.9

 

THUNDER BRIDGE CAPITAL PARTNERS III INC.

9912 Georgetown Pike

Suite D203

Great Falls, Virginia 22066

____, 2021

 

Thunder Bridge Capital, LLC

9912 Georgetown Pike

Suite D203

Great Falls, Virginia 22066

 

Re: Advisory Services Agreement

 

Ladies and Gentlemen:

 

This letter agreement by and between Thunder
Bridge Capital Partners III Inc. (the “Company”) and Thunder Bridge Capital, LLC (“TBC”), dated as of the
date hereof, will confirm our agreement that, commencing on the date the securities of the Company are first listed on the Nasdaq
Capital Market (the “Listing Date”), pursuant to a Registration Statement on Form S-1 and prospectus
filed with the Securities and Exchange Commission (the “Registration Statement”) and continuing until the earlier of
the consummation by the Company of an initial business combination or the Company’s liquidation (in each case as described
in the Registration Statement) (such earlier date hereinafter referred to as the “Termination Date”):

 

(i) TBC, an affiliate
of the Company’s Chief Executive Officer, shall provide advisory services relating to the Company’s search for and
consummation of an initial business combination. In exchange therefor, the Company shall pay TBC the sum of $20,000 per month commencing
on the Listing Date, and will be entitled to be reimbursed for any out-of-pocket expenses, continuing monthly thereafter until
the Termination Date; and

 

(ii) TBC hereby
irrevocably waives any and all right, title, interest, causes of action and claims of any kind as a result of, or arising out of,
this letter agreement (each, a “Claim”) in or to, and any and all right to seek payment of any amounts due to it out
of, the trust account established for the benefit of the public shareholders of the Company and into which substantially all of
the proceeds of the Company’s initial public offering will be deposited (the “Trust Account”), and hereby irrevocably
waives any Claim it may have in the future, which Claim would reduce, encumber or otherwise adversely affect the Trust Account
or any monies or other assets in the Trust Account, and further agrees not to seek recourse, reimbursement, payment or satisfaction
of any Claim against the Trust Account or any monies or other assets in the Trust Account for any reason whatsoever.

 

This letter agreement constitutes the entire
agreement and understanding of the parties hereto in respect of its subject matter and supersedes all prior understandings, agreements,
or representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter
hereof or the transactions contemplated hereby.

 

This letter agreement may not be amended,
modified or waived as to any particular provision, except by a written instrument executed by the parties hereto.

 

No party hereto may assign either this
letter agreement or any of its rights, interests, or obligations hereunder without the prior written approval of the other party.
Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate to transfer or assign
any interest or title to the purported assignee.

 

This letter agreement constitutes the entire
relationship of the parties hereto, and any litigation between the parties (whether grounded in contract, tort, statute, law or
equity) shall be governed by, construed in accordance with, and interpreted pursuant to the laws of the State of New York, without
giving effect to its choice of laws principles.

 

This letter agreement may be executed in
one or more counterparts, each of which shall for all purposes be deemed to be an original but all of which together shall constitute
one and the same letter agreement.

 

[Signature Page Follows]

 

     

     

    

 

	 	Very truly yours,
	 	 
	 	THUNDER BRIDGE CAPITAL PARTNERS III INC.
	 	 	 
	 	By:	
	 	 	Name:  	Gary A. Simanson
	 	 	Title:	Chief Executive Officer

 

	AGREED TO AND ACCEPTED BY:	 
	 	 
	THUNDER BRIDGE CAPITAL, LLC	 
	 	 	 	 
	By:		 
	 	Name:  	Gary A. Simanson	 
	 	Title:	Managing Director	 

 

[Signature Page to Advisory Services
Agreement]EX-10.1

 Exhibit 10.1 

Execution Copy 

NOMINATION AND STANDSTILL AGREEMENT 

This Nomination and Standstill Agreement, dated January 26, 2021 (this “Agreement”), is by and among the persons and
entities listed on Schedule A (collectively, the “Icahn Group”, and individually a “member” of the Icahn Group) and Xerox Holdings Corporation (the “Company”). In consideration of and
reliance upon the mutual covenants and agreements contained in this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which is acknowledged, the parties agree as follows: 

 

	1.	 Board Representation and Board Matters. 

 

	 	(a)	 The Company and the Icahn Group agree as follows: 

 

	 	(i)	 for purposes of this Agreement, Keith Cozza and Nicholas Graziano are each referred to as an “Icahn
Designee” and collectively as the “Icahn Designees”, and Jonathan Christodoro is referred to as the “Independent Designee”; 

 

	 	(ii)	 as long as the Icahn Group has not materially breached this Agreement and failed to cure such breach within
five (5) business days of written notice from the Company specifying any such breach, the Company agrees that the Company’s slate of nominees for the 2021 annual meeting of shareholders of the Company (the “2021 Annual
Meeting” and such slate, the “2021 Slate”) will (A) include each of the Icahn Designees and the Independent Designee; provided that by written notice delivered to the Company no later than February 8, 2021, the
Icahn Group may elect to replace any or all of the Icahn Designees or the Independent Designee on the 2021 Slate with designees selected by the Icahn Group and approved by the Company, such approval not to be unreasonably withheld or delayed (an
“Acceptable Person”) (and if such proposed designee is not an Acceptable Person, the Icahn Group shall be entitled to continue designating a recommended replacement until such proposed designee is an Acceptable Person), provided
that any such replacement Icahn Designee must satisfy the Institutional Requirements (as defined below) and any such replacement Independent Designee must satisfy the Independence Requirements (as defined below) and the Institutional Requirements
(as defined below), and (B) include no more than nine (9) nominees, it being understood that other than with respect to the Icahn Designees and the Independent Designee, the composition of the 2021 Slate shall be in the discretion of the
Board (including the Icahn Designees and the Independent Designee) subject to any contractual obligations owed by the Company to other persons with respect to the 2021 Slate; any such Acceptable Person who becomes a Board nominee at the 2021 Annual
Meeting in replacement of any Icahn Designee shall be deemed to be an Icahn Designee or who becomes a Board nominee at the 2021 Annual Meeting in replacement of the Independent Designee shall be deemed to be the Independent Designee, in each case
for all purposes under this Agreement; 

	 	(iii)	 that as a condition to the nomination to the Board of Directors of the Company (the “Board”)
of the Icahn Designees and the Independent Designee, the Icahn Group, including the Icahn Designees, agrees to provide, and the Independent Designee shall be required to provide, to the Company, prior to nomination and on an on-going basis while serving as a member of the Board, such information and materials as the Company routinely receives from other members of the Board or as is required to be disclosed in proxy statements under
applicable law or as is otherwise reasonably requested by the Company from time-to-time from all members of the Board in connection with the Company’s legal,
regulatory, auditor or stock exchange requirements, including a completed D&O Questionnaire in the form separately provided to the Icahn Group and the Independent Designee (or such other form as shall be used by the Company for members of the
Board generally) and, solely in the case of the Icahn Designees and as contemplated by Section 1(b) of this Agreement, an executed irrevocable resignation as director in the form attached hereto as Exhibit A (the “Nomination
Documents”); 

  

	 	(iv)	 that should any Icahn Designee or the Independent Designee resign from the Board or be rendered unable to, or
refuse to, be appointed to, or for any other reason, following his or her appointment thereto, fail to serve or is not serving, on, the Board (other than as a result of not being nominated by the Company for election at an annual meeting of
shareholders or not being elected by shareholders of the Company at any annual meeting held after the date hereof), as long as the Icahn Group has not materially breached this Agreement and failed to cure such breach within five (5) business
days of written notice from the Company specifying any such breach, the Icahn Group shall be entitled to designate, and the Company shall cause to be added as a member of the Board, a replacement that is an Acceptable Person (and if such proposed
designee is not an Acceptable Person, the Icahn Group shall be entitled to continue designating a recommended replacement until such proposed designee is an Acceptable Person) (a “Replacement”); provided, however, that
(A) the right to propose a designee to replace the Independent Designee (including with respect to the 2021 Annual Meeting) shall terminate and cease to exist at such time as the Icahn Group does not have the right to designate at least one
(1) Icahn Designee to the Board as provided in Section 1(b) hereof, (B) if any proposed designee is to replace the Independent Designee, such proposed designee must not be employed by any member of the Icahn Group or any controlled
Affiliate thereof, and must qualify as an “independent director” under applicable rules of the United States Securities and Exchange Commission (the “SEC”), the rules of any stock exchange on which the Company is traded
and applicable governance policies of the Company then in effect (the requirements in this clause (B), the “Independence Requirements”), and (C) any such proposed designee must, in order to be considered by the Board or the
Corporate Governance Committee thereof as contemplated hereby, have (1) submitted to the Company all of the Nomination Documents, and (2) agreed 

  
 2 

	 	
to take all necessary action to not be considered to be “overboarded” under the applicable policies of Institutional Shareholder Services, Inc., Glass Lewis & Co., LLC,
BlackRock, Inc., The Vanguard Group, and/or State Street Corporation as a result of his or her or her appointment to the Board (the requirements in this clause (B), the “Institutional Requirements”). Any such Replacement who
becomes a Board member in replacement of any Icahn Designee shall be deemed to be an Icahn Designee or who becomes a Board member in replacement of the Independent Designee shall be deemed to be the Independent Designee, in each case for all
purposes under this Agreement; 

  

	 	(v)	 that (A) for any annual meeting of shareholders subsequent to the 2021 Annual Meeting, the Company shall
notify the Icahn Group in writing no less than forty-five (45) calendar days before the advance notice deadline set forth in the Company’s Amended & Restated Bylaws whether any Icahn Designee and/or the Independent Designee will
be nominated by the Company for election as a director at such annual meeting and, (B) for any annual meeting of shareholders, if the Icahn Designee(s) and/or the Independent Designee are to be nominated, shall use reasonable best efforts to
cause the election of the Icahn Designee(s) and/or Independent Designee so nominated by the Company (including recommending that the Company’s shareholders vote in favor of the election of the Icahn Designee(s) and/or Independent Designee,
including the Icahn Designee(s) and/or Independent Designee in the Company’s proxy statement and proxy card for such annual meeting and otherwise supporting the Icahn Designee(s) and/or Independent Designee for election in a manner no less
rigorous and favorable than the manner in which the Company supports its other nominees in the aggregate); 

  

	 	(vi)	 so long as both Icahn Designees are members of the Board, without the approval of the Icahn Designees who are
then members of the Board, the Board shall not increase the size of the Board above nine (9) directors, each having one vote on all matters; 

  

	 	(vii)	 that: (A) from and after the date of this Agreement, so long as an Icahn Designee is a member of the
Board, the Board shall not form an Executive Committee or any other committee with functions similar to those customarily granted to an Executive Committee; (B) from and after the date of this Agreement, so long as an Icahn Designee is a member
of the Board, the Board shall not form any new committee without offering to at least one Icahn Designee the opportunity to be a member of such committee, provided that (1) the Icahn Designee may serve on the applicable committee of the Board
only if he or she meets any independence or other requirements under applicable law and the rules and regulation of the New York Stock Exchange (or other securities exchange on which the Company’s securities may then be traded) for service on
such committee, and (2) the foregoing shall not apply to any committee formed to consider a transaction or 

  
 3 

	 	
agreement with or to otherwise address any actual or potential conflicts of interest between the Company or any subsidiary thereof, on the one hand, and the Icahn Group or any Affiliate (as
defined below) thereof, on the other hand; and (C) from and after the date of this Agreement, so long as an Icahn Designee is a member of the Board, with respect to any Board consideration of appointment and employment of executive officers,
mergers, acquisitions of material assets, dispositions of material assets, or other extraordinary transactions, such consideration, and voting with respect thereto, shall take place only at the full Board level or, subject only to the terms set
forth in clause (B) immediately above, in committees of which one of the Icahn Designees is a member. Each of the Icahn Designees confirms that he or she will in good faith consider recusal from such portions of Board or committee meetings, if
any, involving actual conflicts between the Company and the Icahn Group. Based upon the representation provided by the Icahn Group in Section 6 of this Agreement, the Company acknowledges and agrees that the Icahn Designees do not have a
material relationship with the Company as such term is used in Section 303A.02 of the NYSE Manual by virtue of the Icahn Group’s beneficial ownership of Common Shares as of the date of this Agreement; 

 

	 	(viii)	 that, to the extent permitted by law and the Company’s then existing insurance coverage, from and after
the date of this Agreement , the Icahn Designees and the Independent Designee shall be covered by the same indemnification and insurance provisions and coverage as are then applicable to the individuals that are serving as directors of the Company;
and 

  

	 	(ix)	 the Icahn Group shall not, and shall cause its Affiliates not to, (A) pay any compensation to the
Independent Designee regarding his or her service on the Board or any committee thereof, or (B) have any agreement, arrangement or understanding, written or oral, with the Independent Designee regarding his or her service on the Board or any
committee thereof. 

  

	 	(b)	 Any provision in this Agreement to the contrary notwithstanding, if at any time after the date of this
Agreement, the Icahn Group, together with all controlled Affiliates of the members of the Icahn Group (such controlled Affiliates, collectively and individually, the “Icahn Affiliates”), ceases collectively to beneficially own (as
defined in Rule 13d-3 promulgated by the SEC under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), an aggregate Net Long Position (i) in at least 19,838,590 shares
of common stock, par value $1.00 per share, of the Company (“Common Shares”) (as adjusted for any stock dividends, combinations, splits, recapitalizations, repurchases and the like), (A) the Icahn Group shall cause one of the Icahn
Designees to promptly tender his or her resignation from the Board and any committee of the Board on which he or she then sits and (B) the Company shall have no further obligations under this Section 1 with respect to more than one
(1) Icahn Designee, and (ii) in at least 9,919,295 Common 

  
 4 

	 	
Shares (as adjusted for any stock dividends, combinations, splits, recapitalizations and the like), (A) the Icahn Group shall cause two (2) of the Icahn Designees (or, if at such time there
is only one (1) Icahn Designee on the Board, the Icahn Group shall cause such Icahn Designee) to promptly tender his or her resignation from the Board and any committee of the Board on which he or she then sits and (B) the Company shall
have no further obligations under this Section 1. In furtherance of this Section 1(b), each Icahn Designee shall, prior to his or her appointment to the Board, and each member of the Icahn Group shall cause each Icahn Designee to, execute
an irrevocable resignation as director in the form attached hereto as Exhibit A and deliver it to the Company. The Icahn Group shall, upon request by the Company, keep the Company regularly apprised of the Net Long Position of the Icahn Group
and the Icahn Affiliates to the extent that such position differs from the ownership positions publicly reported on the Icahn Group’s Schedule 13D and amendments thereto. For purposes of this Agreement: the term “Affiliate”
shall have the meaning set forth in Rule 12b-2 promulgated by the SEC under the Exchange Act; the term “Net Long Position” shall mean: such Common Shares beneficially owned, directly or
indirectly, that constitute such person’s net long position as defined in Rule 14e-4 under the Exchange Act mutatis mutandis, provided that “Net Long Position” shall not include any
shares as to which such person does not have the right to vote or direct the vote or as to which such person has entered into a derivative or other agreement, arrangement or understanding that hedges or transfers, in whole or in part, directly or
indirectly, any of the economic consequences of ownership of such shares; and the terms “person” or “persons” shall mean any individual, corporation (including not-for-profit), general or limited partnership, limited liability or unlimited liability company, joint venture, estate, trust, association, organization or other entity of any kind or nature;

  

	 	(c)	 At all times from the date of this Agreement through the termination of their service as a member of the Board,
each of the Icahn Designees shall, and the Independent Designee shall be required to, comply with all written policies, procedures, processes, codes, rules, standards and guidelines applicable to Board members and of which the Icahn Designees and
the Independent Designee have been provided written copies in advance (or which have been filed with the SEC or posted on the Company’s website), including but not limited to the Company’s code of business conduct and ethics, standards of
business conduct, securities trading policies, insider trading policy, directors confidentiality policy, directors’ code of conduct, and corporate governance guidelines, and preserve the confidentiality of Company business and information,
including discussions or matters considered in meetings of the Board or Board committees (except as permitted by the Confidentiality Agreement (as defined below)). For the avoidance of doubt, without limiting the applicability of relevant laws or
the terms of the Confidentiality Agreement (as defined below), the Company agrees that such policies, procedures, processes, codes, rules, standards and guidelines shall not be applicable to, or deemed to apply or extend to, the members of the Icahn
Group (other than their application to each of the Icahn Designees). 

  
 5 

	 	(d)	 The Company and the Icahn Group agree to negotiate in good faith and enter into a customary form of
registration rights agreement with respect to the Shares beneficially owned by the Icahn Group (the “Registration Rights Agreement”) by no later than March 1, 2021, which such Registration Rights Agreement shall include the
terms as set forth in Exhibit C. 

  

	2.	 Certain Other Matters. 

 

	 	(a)	 The parties acknowledge that an Icahn Designee may resign from the Board at any time by giving at least
twenty-five (25) calendar days prior written notice to the Board. From the date of this Agreement until the later of (i) the conclusion of the 2021 Annual Meeting, and (ii) the date that no Icahn Designee is a member of the Board (it
being understood that if such an Icahn Designee is no longer a member of the Board due to circumstances in which the Icahn Group would be entitled to appoint a Replacement, an Icahn Designee shall be deemed to continue to be a member of the Board
for all purposes of this Agreement until such time as the Icahn Group irrevocably waives in writing any right to designate such a Replacement or appoints such a Replacement (the “Replacement Waiver”); provided that if an Icahn
Designee resigns and fails to give at least twenty-five (25) calendar days prior notice to the Board of such resignation, an Icahn Designee shall be deemed to continue to be a member of the Board for purposes of this Section 2(a) of this
Agreement until the twenty-fifth (25th) day following the later of (A) the effective date of such resignation and (B) the date of the Replacement Waiver) (such period, the “Board Representation Period”), so long as the
Company has not materially breached this Agreement and failed to cure such breach within five (5) business days of written notice from any member of the Icahn Group specifying any such breach, no member of the Icahn Group shall, directly or
indirectly, and each member of the Icahn Group shall cause each Icahn Affiliate not to, directly or indirectly (it being understood and agreed that none of the following restrictions shall apply to any Icahn Designee or Replacement solely in such
person’s capacity as a director of the Company or in any way prevent or restrict such director from privately raising any of the matters described in the following restrictions with other members of the Board (solely in their capacity as
directors)): 

  

	 	(i)	 solicit proxies or written consents of shareholders or conduct any other type of referendum (binding or non-binding) with respect to, or from the holders of, the Voting Securities (as defined below), or become a “participant” (as such term is defined in Instruction 3 to Item 4 of Schedule 14A promulgated
under the Exchange Act) in or assist any third party in any “solicitation” of any proxy, consent or other authority (as such terms are defined under the Exchange Act) to vote or withhold from voting any Voting Securities (other than such
encouragement, advice or influence that is consistent with Company management’s recommendation in connection with such matter); 

  

	 	(ii)	 encourage, advise or influence any other person or assist any third party in so encouraging, assisting or
influencing any person with respect to the giving or withholding of any proxy, consent or other authority to vote or in conducting any type of referendum, whether binding or non-binding (other than such
encouragement, advice or influence that is consistent with Company management’s recommendation in connection with such matter); 

  
 6 

	 	(iii)	 form or join in a partnership, limited partnership, syndicate or a “group” as defined under
Section 13(d) of the Exchange Act, with respect to the Voting Securities, or otherwise support or participate in any effort by a third party with respect to the matters set forth in clause (i), (ii), (iv), (vi), (viii) or (xi) herein,
except in the case of paragraph (viii), as may be compelled by judicial process or required by regulatory requirements; 

  

	 	(iv)	 present (or request to present) at any annual meeting or any special meeting of the Company’s shareholders
or through action by written consent any proposal for consideration for action by shareholders or (except as explicitly permitted by this Agreement) propose (or request to propose) any nominee for election to the Board or seek representation on the
Board or the removal of any member of the Board; 

  

	 	(v)	 grant any proxy, consent or other authority to vote with respect to any matters (other than to the named
proxies included in the Company’s proxy card for any annual meeting or special meeting of shareholders) or deposit any Voting Securities of the Company in a voting trust or subject them to a voting agreement or other arrangement of similar
effect with respect to any (x) annual meeting of shareholders, (y) special meeting of shareholders or (z) action by written consent (excluding customary brokerage accounts, margin accounts, prime brokerage accounts and the like), in
each case, except as provided in Section 2(b) below; 

  

	 	(vi)	 make any request under Section 624 of the New York Business Corporation Law and New York common or other
statutory or regulatory provisions under any state law providing for shareholder access to books and records; 

  

	 	(vii)	 make, or cause to be made, by press release or similar public statement to the press or media (including social
media), or in an SEC filing, any statement or announcement that disparages (as distinct from objective statements reflecting business criticism) the Company, its officers or its directors or any person who has served as an officer or director of the
Company in the past; 

  

	 	(viii)	 institute, solicit, assist or join, as a party, any litigation, arbitration or other proceeding against or
involving the Company or any of its current or former directors or officers (including derivative actions) other than to enforce the provisions of this Agreement or for any such litigation that is pending as of the date of this Agreement;

  
 7 

	 	(ix)	 acquire Beneficial Ownership of Voting Securities that would equal or exceed (in the aggregate with all other
members of the Icahn Group and all Icahn Affiliates) the greater of (x) 24.99% of the then total outstanding Voting Securities and (y) the percentage of the then total outstanding Voting Securities acquired by any other Person under
circumstances in which the Board has waived or carved out by exception or similar devices the applicability of any Rights Plan (as hereafter defined) which the Company hereafter adopts to such Person’s acquisition of the Voting Securities (and
the Company hereby does, and agrees that it shall, provide the same waiver, carve out, exception or similar device for the Icahn Group and its Affiliates). The term “Rights Plan” shall mean any plan or arrangement of the sort
commonly referred to as a “rights plan” or “shareholder rights plan” or “shareholder rights plan” or “poison pill” that is designed to increase the cost to a potential acquirer of exceeding the applicable
ownership thresholds either through the issuance of new rights, Common Shares or preferred shares (or any other security or device that may be issued to shareholders of the Company other than ratably to all shareholders of the Company) that carry
severe redemption provisions, favorable purchase provisions or otherwise, and any related rights agreement; 

  

	 	(x)	 sell, offer or agree to sell directly or indirectly, through swap or hedging transactions or otherwise, the
securities of the Company or any rights decoupled from the underlying securities held by the Icahn Group or any Affiliate thereof to any third party unless such sale, offer, or agreement to sell would not knowingly result in such third party,
together with its Affiliates, owning, controlling or otherwise having any beneficial or other ownership interest in the aggregate of 5% or more of the Common Shares outstanding at such time or would increase the beneficial or other ownership
interest of any third party who, together with its Affiliates, has a beneficial or other ownership interest in the aggregate of 5% or more of the Common Shares outstanding at such time, except in each case (I) in a transaction approved by the
Board, (II) any transaction effected through a brokerage transaction or through an investment bank in the ordinary course of business and not specifically or knowingly directed by the Icahn Group to be made to a particular counterparty or
counterparties or (III) a transfer to a passive institutional investor that manages one or more broad-based equity index funds who, in connection with any such transfer, represents for the benefit of the Company that it is and will following
such transfer continue at all times to be eligible to file a short-form statement on Schedule 13G pursuant to paragraph (b) of Rule 13d-1 under the Exchange Act; 

 

	 	(xi)	 without the prior approval of the Board, separately or in conjunction with any other person or entity in which
it is or proposes to be either a principal, partner or financing source or is acting or proposes to act as broker or agent, propose (publicly or to the Company) or participate in, effect or seek to effect, any tender offer or exchange offer, merger,
acquisition, business combination, reorganization, restructuring, recapitalization, sale or acquisition of material assets, liquidation, or dissolution involving the Company or any of its subsidiaries or its or their securities or a material

  
 8 

	 	
amount of the assets or businesses of the Company or any of its subsidiaries (collectively, an “Extraordinary Transaction”); provided that nothing in this Agreement shall
prohibit any member of the Icahn Group from selling or tendering its Voting Securities, or otherwise receiving consideration, in connection with any Extraordinary Transaction; provided further that following the commencement of a bona fide,
fully-financed, tender or exchange offer by a Person other than a member of the Icahn Group or an Icahn Affiliate for any and all of the outstanding Common Shares, and until such tender or exchange offer is withdrawn, the restrictions in this
Section 2(a)(xi) shall not restrict in any way, any member of the Icahn Group from commencing a competing tender or exchange offer for any and all of the outstanding Common Shares that would, if consummated, result in the Icahn Group and the
Icahn Affiliates owning at least a majority of the then outstanding Common Shares in the aggregate; provided further, that neither the restrictions in this Section 2(a)(xi) nor any other provisions of this Agreement shall restrict any member of
the Icahn Group from commencing a tender or exchange offer where the aggregate Voting Securities to be acquired therein (when aggregated with the Voting Securities Beneficially Owned by all other members of the Icahn Group and all Icahn Affiliates)
would not exceed 24.99% of the then total outstanding Voting Securities; or 

  

	 	(xii)	 request, directly or indirectly, any amendment or waiver of the foregoing in a manner that would reasonably
likely require public disclosure by the Icahn Group or the Company. 

 As used in this Agreement, the term “Voting
Securities” shall mean the Common Shares and any other equity securities of the Company, or securities or rights convertible into, or exercisable or exchangeable for Common Shares or such other equity securities, whether or not subject to
the passage of time or other contingencies. 
 As used in this Agreement, the term “Beneficial Ownership” of “Voting
Securities” means ownership of: (i) Voting Securities, (ii) rights or options to own or acquire any Voting Securities (whether such right or option is exercisable immediately or only after the passage of time or upon the satisfaction
of one or more conditions (whether or not within the control of such person), compliance with regulatory requirements or otherwise) and (iii) any other economic exposure to Voting Securities, including through any derivative transaction that
gives any such person or any of such person’s controlled Affiliates the economic equivalent of ownership of an amount of Voting Securities due to the fact that the value of the derivative is explicitly determined by reference to the price or
value of Voting Securities, or which provides such person or any of such person’s controlled Affiliates an opportunity, directly or indirectly, to profit, or to share in any profit, derived from any increase in the value of Voting Securities,
in any case without regard to whether (x) such derivative conveys any voting rights in Voting Securities to such person or any of such person’s Affiliates, (y) the derivative is required to be, or capable of being, settled through
delivery of Voting Securities, or (z) such 

  
 9 

 
person or any of such person’s Affiliates may have entered into other transactions that hedge the economic effect of such Beneficial Ownership of Voting Securities. For purposes of this
Section, no Person shall be, or be deemed to be, the “Beneficial Owner” of, or to “beneficially own,” any securities beneficially owned by any director of the Company to the extent such securities were acquired directly from the
Company by such director as or pursuant to director compensation for serving as a director of the Company. 
  

	 	(b)	 Unless the Company or the Board has breached this Agreement and failed to cure such breach within five
(5) business days following the receipt of written notice from the Icahn Group specifying any such breach, during the Board Representation Period, each member of the Icahn Group shall (1) cause, in the case of all Voting Securities owned
of record, and (2) instruct the record owner, in the case of all shares of Voting Securities Beneficially Owned but not owned of record, directly or indirectly, by it, or by any Icahn Affiliate, in each case as of the record date for any annual
meeting of shareholders (including the 2021 Annual Meeting) or any special meeting of shareholders within the Board Representation Period, in each case that are entitled to vote at any such annual or special meeting, to be present for quorum
purposes and to be voted, at all such annual or special meetings (including the 2021 Annual Meeting) or at any adjournments or postponements thereof, (i) for all directors nominated by the Board for election at such annual or special meeting
(so long as the Icahn Designees are either nominated by the Board or will otherwise continue to be on the Board after such meeting), (ii) against any directors proposed that are not nominated by the Board for election at such annual or special
meeting, and (iii) for the ratification of the Company’s auditors. Except as provided in the foregoing sentence, the Icahn Group shall not be restricted from voting “For”, “Against” or “Abstaining” from any
other proposals at any annual or special meeting. 

  

	 	(c)	 During the Board Representation Period, as long as the Icahn Group has not materially breached this Agreement
and failed to cure such breach within five business days of written notice from the Company specifying any such breach, the Company shall not make, or cause to be made, by press release or similar public statement, including to the press or media
(including social media), or in an SEC filing, any statement or announcement that disparages (as distinct from objective statements reflecting business criticism) any member of the Icahn Group, the officers or directors of any member of the Icahn
Group, or any person who has served as an officer or director of any member of the Icahn Group in the past. 

  

	 	(d)	 During the Board Representation Period, as long as the Icahn Group has not materially breached this Agreement
and failed to cure such breach within five business days of written notice from the Company specifying any such breach, if the Company adopt a Rights Plan (i) with an “Acquiring Person” beneficial ownership threshold below 24.99% of
the then-outstanding Voting Securities, the Company shall grant a waiver under such Rights Plan to the Icahn Group allowing the Icahn Group to acquire up to 24.99% of the then-outstanding Voting Securities, and (ii) the Company waives, modifies
or amends any term of such Rights Plan 

  
 10 

	 	
with respect to any third party, or if such Rights Plan includes any provision that is more advantageous or favorable with respect to any third party than it is to the Icahn Group, then such
waiver, modification, amendment, or provision will also apply to the Icahn Group, it being agreed in the case of clauses (i) and (ii) that any such waiver, modification or amendment shall only be effective during the Board Representation Period
and so long as the Icahn Group has not materially breached this Agreement and failed to cure such breach within five business days of written notice from the Company specifying any such breach. 

 

	 	(e)	 Effective as of the date of this Agreement and for the duration of the Board Representation Period and as long
as the Icahn Group has not materially breached this Agreement and failed to cure such breach within five business days of written notice from the Company specifying any such breach, the Board hereby approves for purposes of Section 912 of the
New York Business Corporation Law, the acquisition by the Icahn Group of up to 24.99% of the then total outstanding Voting Securities, and the Company agrees to take such further actions in respect of any “stock acquisition date” (as
defined in Section 912 of the New York Business Corporation Law) applicable to the Icahn Group as are reasonably necessary to give effect to the approvals contemplated by this Section 1(e). 

 

	 	(f)	 During the Board Representation Period and so long as the Icahn Group has not materially breached this
Agreement and failed to cure such breach within five business days of written notice from the Company specifying any such breach, if the Company distributes to all or substantially all holders of Voting Securities all or substantially all of the
shares of capital stock of, or similar equity interests in, any subsidiary or other business unit of the Company (a “Spun-Off Entity”) that are, or when issued will be, traded or listed on the
New York Stock Exchange, The NASDAQ Global Select Market, The NASDAQ Global Market or any other U.S. national securities exchange or association, the Company shall cause such Spun-Off Entity to provide to the
Icahn Group the rights and benefits provided in this Agreement (including the rights with respect to the nomination and replacement of the Icahn Designees and the Independent Designee), and the Icahn Group shall be subject to all of the restrictions
set forth in this Agreement with respect to the Spun-Off Entity, with such rights, benefits and restrictions to be applied mutatis mutandis to the fullest extent possible. 

 

	3.	 Public Announcements. Unless otherwise agreed, no earlier than 8:00 a.m., New York City time, on the
first trading day after the date of this Agreement, the Company shall file a Current Report on Form 8-K reporting the execution of, and attaching a copy of, this Agreement (the “Current
Report”). Neither the Company nor the Icahn Group shall make any public announcement or statement that is inconsistent with or contrary to the statements made in the Current Report or otherwise relating to this Agreement, except as required
by law or the rules of any stock exchange or with the prior written consent of the other party. The Company acknowledges that the Icahn Group intends to file this Agreement as an exhibit to its Schedule 13D pursuant to an amendment. The Company
shall have an opportunity to review in advance any Schedule 13D filing made by the Icahn Group with respect to this Agreement and the Icahn Group shall have an opportunity to review in advance the Current Report. 

  
 11 

	4.	 Confidentiality Agreement. The Company hereby agrees that: (i) the Icahn Designees are permitted to
and may provide confidential information subject to and in accordance with the terms of the amended and restated confidentiality agreement in the form attached to this Agreement as Exhibit B (the “Confidentiality Agreement”) (which
the Icahn Group agrees to (A) execute and deliver to the Company concurrently with the execution of this Agreement and (B) cause the Icahn Designees to abide by) and (ii) the Company will execute and deliver the Confidentiality
Agreement to the Icahn Group substantially contemporaneously with execution and delivery thereof by the other signatories thereto which shall occur concurrently with the execution of this Agreement. During the Board Representation Period, in the
case where Carl Icahn is not himself an Icahn Designee, the Board shall not adopt a policy precluding members of the Board from speaking to Mr. Icahn, and the Company confirms that it will advise members of the Board that they may speak to
Mr. Icahn (but subject to the Confidentiality Agreement), if they are willing to do so (but may caution them regarding specific matters, if any, that involve conflicts between the Company and the Icahn Group). 

 

	5.	 Representations and Warranties of All Parties. Each of the parties represents and warrants to the other
party that: (a) such party has all requisite company power and authority to execute and deliver this Agreement and to perform its obligations hereunder; (b) this Agreement has been duly and validly authorized, executed and delivered by it
and is a valid and binding obligation of such party, enforceable against such party in accordance with its terms; (c) this Agreement will not result in a violation of any terms or conditions of any agreements to which such person is a party or
by which such party may otherwise be bound or of any law, rule, license, regulation, judgment, order or decree governing or affecting such party; and (d) there is currently no pending or outstanding litigation between the Icahn Group and the
Company or affiliates thereof concerning requests or demands by the Icahn Group pursuant to Section 624 of the New York Business Corporation Law or otherwise. The Company represents and warrants that, since January 1, 2021 through the date
of this Agreement, other than as publicly disclosed, no amendments or modifications have been made to the Company’s Amended & Restated Bylaws. 

  

	6.	 Representations and Warranties of Icahn Group. Each member of the Icahn Group jointly represents and
warrants that, as of the date of this Agreement, (i) the Icahn Group collectively Beneficially Own, an aggregate of 28,769,235 Common Shares; (ii) except for such ownership, no member of the Icahn Group, individually or in the aggregate
with all other members of the Icahn Group and Icahn Affiliates, has any other Beneficial Ownership of, and/or economic exposure to, any Voting Securities, including through any derivative transaction described in the definition of “Beneficial
Ownership” above; (iii) the Icahn Group, collectively with the Icahn Affiliates, have a Net Long Position of 28,769,235 Common Shares, and (iv) other than the Icahn Group’s beneficial ownership of Common Shares, the Icahn
Designees do not have a material relationship with the Company as such term is used in Section 303A.02 of the NYSE Manual. 

  
 12 

	7.	 Miscellaneous. The parties hereto recognize and agree that if for any reason any of the provisions of
this Agreement are not performed in accordance with their specific terms or are otherwise breached, immediate and irreparable harm or injury would be caused for which money damages would not be an adequate remedy. Accordingly, each party agrees that
in addition to other remedies the other party shall be entitled to at law or equity, the other party shall be entitled to an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the terms and provisions of this
Agreement exclusively in the federal or state courts of the State of New York. In the event that any action shall be brought in equity to enforce the provisions of this Agreement, no party shall allege, and each party hereby waives the defense, that
there is an adequate remedy at law. Furthermore, each of the parties hereto (a) consents to submit itself to the personal jurisdiction of the federal or state courts of the State of New York in the event any dispute arises out of this Agreement
or the transactions contemplated by this Agreement, (b) agrees that it shall not attempt to deny or defeat such personal jurisdiction by motion or other request for leave from any such court, (c) agrees that it shall not bring any action
relating to this Agreement or the transactions contemplated by this Agreement in any court other than the federal or state courts of the State of New York, and each of the parties hereto irrevocably waives the right to trial by jury, (d) agrees
to waive any bonding or similar security requirement under any applicable law or otherwise, including in the case any other party seeks to enforce the terms by way of equitable relief and (e) irrevocably consents to service of process by a
reputable overnight mail delivery service, signature requested, to the address of such party’s principal place of business or as otherwise provided by applicable law. THIS AGREEMENT SHALL BE GOVERNED IN ALL RESPECTS, INCLUDING VALIDITY,
INTERPRETATION AND EFFECT, BY THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS EXECUTED AND TO BE PERFORMED WHOLLY WITHIN SUCH STATE WITHOUT GIVING EFFECT TO THE CHOICE OF LAW PRINCIPLES OF SUCH STATE. 

 

	8.	 No Waiver. Any waiver by any party of a breach of any provision of this Agreement 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 Agreement. The failure of a party to insist upon strict adherence to any term of this Agreement 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 Agreement. 

  

	9.	 Entire Agreement; Amendment. This Agreement, the Registration Rights Agreement and the Confidentiality
Agreement, contain the entire understanding of the parties with respect to the subject matter hereof and thereof, and may be amended only by an agreement in writing executed by the parties hereto or thereto. For the avoidance of doubt, (a) the
Director Appointment, Nomination and Settlement Agreement (the “Existing Settlement Agreement”), dated as of May 13, 2018, by and among Xerox Corporation, certain members of the Icahn Group named therein and the other parties
thereto shall remain in full force and effect, except if there are any inconsistencies between the terms set forth in the Existing Settlement Agreement and this Agreement, this Agreement shall control, and (b) the Confidentiality Agreement
shall supersede the confidentiality agreement dated May 15, 2018 between Xerox Corporation and certain members of the Icahn Group, but without limitation of any liability of any party thereunder for any breach thereof or non-compliance 

  
 13 

	 	
therewith. This Agreement shall terminate at the end of the Board Representation Period, except Sections 7, 8, 9, 10, 11, 13, 14, 15 and 16 and the Confidentiality Agreement, which shall survive
such termination; provided, that any party may bring an action following such termination alleging breach of this Agreement occurring prior to the end of (or, with respect to provisions that survive, following) the Board Representation
Period. 

  

	10.	 Notices. All notices, consents, requests, instructions, approvals and other communications provided for
herein and all legal process in regard hereto shall be in writing and shall be deemed validly given, made or served, if (a) given by telecopy and email, when such telecopy and email is transmitted to the telecopy number set forth below and sent
to the email address set forth below and the appropriate confirmation is received or (b) if given by any other means, when actually received during normal business hours at the address specified in this subsection: 

 

					
	 if to the Company:
	  	Xerox Holdings Corporation
		  	201 Merritt 7
		  	Norwalk, Connecticut 06851
		  	Email:	  	louie.pastor@xerox.com
		  	Attention:	  	Louie Pastor, Executive Vice President and
		  		  	General Counsel
		
		  	With a copy to (which shall not constitute notice):
		
		  	Willkie Farr & Gallagher LLP
		  	787 Seventh Avenue
		  	New York, NY 10019
		  	Facsimile:	  	212-728-9593
		  	Email:	  	rleaf@willkie.com
		  	Attention:	  	Russell Leaf
		
	 if to the Icahn Group:
	  	Icahn Associates Corp.
		  	767 Fifth Avenue, 47th Floor
		  	New York, New York 10153
		  	Attention:	  	Keith Cozza
		  	Email:	  	KCozza@sfire.com
		
		  	With a copy to (which shall not constitute notice):
		
		  	Icahn Associates Corp.
		  	767 Fifth Avenue, 47th Floor
		  	New York, New York 10153
		  	Attention:	  	Jesse Lynn
		  	Email:	  	JLynn@sfire.com

  

	11.	 Severability. If at any time subsequent to the date of this Agreement, any provision of this Agreement
shall be held by any court of competent jurisdiction to be illegal, void or unenforceable, such provision shall be of no force and effect, but the illegality or unenforceability of such provision shall have no effect upon the legality or
enforceability of any other provision of this Agreement. 

  
 14 

	12.	 Counterparts. This Agreement may be executed (including by facsimile or PDF) in two or more counterparts
which together shall constitute a single agreement. 

  

	13.	 Successors and Assigns. This Agreement shall not be assignable by any of the parties to this Agreement.
This Agreement, however, shall be binding on successors of the parties hereto. 

  

	14.	 No Third Party Beneficiaries. This Agreement is solely for the benefit of the parties hereto and is not
enforceable by any other persons. 

  

	15.	 Fees and Expenses. Neither the Company, on the one hand, nor the Icahn Group, on the other hand, will be
responsible for any fees or expenses of the other in connection with this Agreement. 

  

	16.	 Interpretation and Construction. Each of the parties hereto acknowledges that it has been represented by
counsel of its choice throughout all negotiations that have preceded the execution of this Agreement, and that it has executed the same with the advice of said independent counsel. Each party and its counsel cooperated and participated in the
drafting and preparation of this Agreement and the documents referred to herein, and any and all drafts relating thereto exchanged among the parties shall be deemed the work product of all of the parties and may not be construed against any party by
reason of its drafting or preparation. Accordingly, any rule of law or any legal decision that would require interpretation of any ambiguities in this Agreement against any party that drafted or prepared it is of no application and is hereby
expressly waived by each of the parties hereto, and any controversy over interpretations of this Agreement shall be decided without regards to events of drafting or preparation. The section headings contained in this Agreement are for reference
purposes only and shall not affect in any way the meaning or interpretation of this Agreement. The term “including” shall be deemed to mean “including without limitation” in all instances. 

[Signature Pages Follow] 

  
 15 

 IN WITNESS WHEREOF, each of the parties hereto has executed this Agreement, or caused the
same to be executed by its duly authorized representative as of the date first above written. 
  

			
	XEROX HOLDINGS CORPORATION
		
	 By:
	 	 /s/ Louie Pastor

		 	 Name: Louie Pastor

		 	 Title: EVP & General Counsel

 [Signature Page to Nomination and Standstill Agreement] 

 
	
	CARL C. ICAHN
	  
 /s/ Carl C. Icahn

	
	 KEITH COZZA
  

/s/ Keith Cozza

	
	 NICHOLAS GRAZIANO
  

/s/ Nicholas Graziano

 
			
	
	 ICAHN PARTNERS LP

		
	 By:
	 	 /s/ Irene S. March

		 	 Name: Irene S. March

		 	 Title: Executive Vice President

	
	 ICAHN PARTNERS MASTER FUND LP

		
	 By:
	 	 /s/ Irene S. March

		 	 Name: Irene S. March

		 	 Title: Executive Vice President

	
	 ICAHN ENTERPRISES G.P. INC.

		
	 By:
	 	 /s/ SungHwan Cho

		 	 Name: SungHwan Cho

		 	 Title: CFO

 [Signature Page to Nomination and Standstill Agreement] 

 
			
	
	 ICAHN ENTERPRISES HOLDINGS L.P.

		
	 By:
	 	 Icahn Enterprises G.P. Inc., its general partner

		
	 By:
	 	/s/ SungHwan Cho
		 	 Name: SungHwan Cho

		 	 Title: CFO

	
	 IPH GP LLC

		
	 By:
	 	/s/ Irene S. March
		 	 Name: Irene S. March

		 	 Title: Executive Vice President

	
	 ICAHN CAPITAL LP

		
	 By:
	 	/s/ Irene S. March
		 	 Name: Irene S. March

		 	 Title: Executive Vice President

	
	 ICAHN OFFSHORE LP

		
	 By:
	 	/s/ Irene S. March
		 	 Name: Irene S. March

		 	 Title: Executive Vice President

	
	 BECKTON CORP

		
	 By:
	 	/s/ Irene S. March
		 	 Name: Irene S. March

		 	 Title: Executive Vice President

 [Signature Page to Nomination and Standstill Agreement] 

 SCHEDULE A 

CARL C. ICAHN 
 ICAHN PARTNERS LP 

ICAHN PARTNERS MASTER FUND LP 
 ICAHN ENTERPRISES G.P. INC. 

ICAHN ENTERPRISES HOLDINGS L.P. 
 IPH GP LLC 

ICAHN CAPITAL LP 
 ICAHN ONSHORE LP 

ICAHN OFFSHORE LP 
 BECKTON CORP. 

KEITH COZZA 
 NICHOLAS GRAZIANO 

[Schedule A] 

 EXHIBIT A 

FORM OF IRREVOCABLE RESIGNATION 

RE: NOMINATION AND STANDSTILL AGREEMENT 

January 26, 2021 
 Board of Directors 

Xerox Holdings Corporation 
 201 Merritt 7 

Norwalk, Connecticut 06851 
 Re:
Resignation 
 Ladies and Gentlemen: 

This irrevocable resignation is delivered pursuant to Section 1(a) and 1(b) of that certain Nomination and Standstill Agreement, dated as
of January 26, 2021, among Xerox Holdings Corporation and the members of the Icahn Group signatory thereto (the “Agreement”). Capitalized terms used herein but not defined shall have the meaning set forth in the Agreement. Effective
only upon, and subject to, such time as the Icahn Group, together with all of the Icahn Affiliates, ceases collectively to “beneficially own” (as defined in Rule 13d-3 under the Exchange Act) an
aggregate Net Long Position (X) of at least 19,838,590 Common Shares (as adjusted for any stock dividends, combinations, splits, recapitalizations, repurchases and the like), I hereby resign from my position as a director of the Company and
from any and all committees of the Board on which I serve if I am the Icahn Designee designated by the Icahn Group to resign, and (Y) of at least 9,919,295 Common Shares (as adjusted for any stock dividends, combinations, splits,
recapitalizations, repurchases and the like), I hereby resign from my position as a director of the Company and from any and all committees of the Board on which I serve. 

[Signature Page Follows] 

	
	Sincerely,
	
	  
 Name:

 Exhibit B 

CONFIDENTIALITY AGREEMENT 

XEROX HOLDINGS CORPORATION 

January 26, 2021 
 To: Each of the persons or entities
listed on Schedule A (the “Icahn Group” or “you”) 
 Ladies and Gentlemen: 

This letter agreement is being entered into by Xerox Holdings Corporation (the “Company”) and the other parties hereto in connection with
that certain Nomination and Standstill Agreement dated as of even date herewith (the “Nomination and Standstill Agreement”). Capitalized terms used but not otherwise defined herein shall have the meanings given to such terms in the
Nomination and Standstill Agreement. The Company understands and agrees that, subject to the terms of, and in accordance with, this letter agreement, an Icahn Designee may, if and to the extent he or she desires to do so, disclose information he or
she obtains while serving as a member of the Board to you and your Representatives (as hereinafter defined), and may discuss such information with any and all such persons, subject to the terms and conditions of this Agreement. As a result, you may
receive certain non-public information regarding the Company. You acknowledge that this information is proprietary to the Company and may include trade secrets or other business information the disclosure of
which could harm the Company. In consideration for, and as a condition of, the information being furnished to you and your agents, representatives, attorneys, advisors, directors, officers or employees, subject to the restrictions in paragraph 2
(collectively, the “Representatives”), you agree to treat any and all information concerning or relating to the Company or any of its subsidiaries or current or former affiliates that is furnished to you or your Representatives
(regardless of the manner in which it is furnished, including in written or electronic format or orally, gathered by visual inspection or otherwise) by any Icahn Designee, or by or on behalf of the Company, together with any notes, analyses,
reports, models, compilations, studies, interpretations, documents, records or extracts thereof containing, referring, relating to, based upon or derived from such information, in whole or in part (collectively, “Evaluation
Material”), in accordance with the provisions of this letter agreement, and to take or abstain from taking the other actions hereinafter set forth. For the avoidance of doubt, this Agreement shall supersede in all respects that certain
Confidentiality Agreement (the “Prior Confidentiality Agreement”) entered into on May 15, 2018, which such Prior Confidentiality Agreement shall thereafter be terminated and of no force and effect; provided that no such
termination shall limit the rights or obligations of any person with respect to any breach of the Prior Confidentiality Agreement occurring prior to such termination. 
  

	1.	 The term “Evaluation Material” does not include information that (a) is or has become generally
available to the public other than as a result of a direct or indirect disclosure by you or your Representatives in violation of this letter agreement or any other obligation of confidentiality, (b) was within your or any of your
Representatives’ possession on a non-confidential basis prior to its being furnished to you by any Icahn Designee, or by or on 

  
 3 

	 	
behalf of the Company or its agents, representatives, attorneys, advisors, directors, officers or employees (collectively, the “Company Representatives”), or (c) is received
from a source other than any Icahn Designee, the Company or any of the Company Representatives; provided, that in the case of (b) or (c) above, the source of such information was not believed by you, after reasonable inquiry, to be bound by a
confidentiality agreement with or other contractual, legal or fiduciary obligation of confidentiality to the Company or any other person with respect to such information at the time the information was disclosed to you. 

 

	2.	 You and your Representatives will, and you will cause your Representatives to, (a) keep the Evaluation
Material strictly confidential and (b) not disclose any of the Evaluation Material in any manner whatsoever without the prior written consent of the Company; provided, however, that you may privately disclose any of such information:
(i) to your Representatives (A) who need to know such information for the purpose of advising you on your investment in the Company and (B) who are informed by you of the confidential nature of such information and agree to be bound
by the terms of this Agreement as if they were a party hereto; provided, further, that you will be responsible for any violation of this letter agreement by your Representatives as if they were parties to this letter agreement; and (ii) to the
Company and the Company Representatives. It is understood and agreed that no Icahn Designee shall disclose to you or your Representatives any Legal Advice (as defined below) that may be included in the Evaluation Material with respect to which such
disclosure would constitute waiver of the Company’s attorney client privilege or attorney work product privilege. Notwithstanding the foregoing, upon your request, the Company will enter into an agreement or other document with you that provide
for such disclosure of Legal Advice to you in a manner as to preserve attorney client privilege and attorney work product, provided that no Icahn Designee shall not have taken any action, or failed to take any action, that has the purpose or effect
of waiving attorney-client privilege or attorney work product privilege with respect to any portion of such Legal Advice and a reputable outside legal counsel of national standing shall have provided the Company with a written opinion that such
disclosure will not waive the Company’s attorney client privilege or attorney work product privilege with respect to such Legal Advice. “Legal Advice” as used in this letter agreement shall be solely and exclusively limited to
the advice provided by legal counsel and shall not include factual information or the formulation or analysis of business strategy that is not protected by the attorney-client or attorney work product privilege. 

 

	3.	 In the event that you or any of your Representatives are required by applicable subpoena, legal process or
other legal requirement to disclose any of the Evaluation Material, you will promptly notify (except where such notice would be legally prohibited) the Company in writing by email, facsimile and certified mail so that the Company may seek a
protective order or other appropriate remedy (and if the Company seeks such an order, you will provide such cooperation as the Company shall reasonably request), at its cost and expense. Nothing herein shall be deemed to prevent you or your
Representatives, as the case may be, from honoring a subpoena, legal process or other legal requirement that requires discovery, disclosure or production of the Evaluation Material if: (a) you produce or disclose only that portion of the
Evaluation Material which your outside legal counsel of national standing advises you in writing is legally required to be so produced or disclosed and you inform the recipient of such Evaluation Material of the existence of this letter agreement
and the confidential nature of such Evaluation Material; or (b) the Company consents in writing to 

  
 4 

	 	
having the Evaluation Material produced or disclosed pursuant to the subpoena, legal process or other legal requirement. In no event will you or any of your Representatives oppose action by the
Company to obtain a protective order or other relief to prevent the disclosure of the Evaluation Material or to obtain reliable assurance that confidential treatment will be afforded the Evaluation Material. For the avoidance of doubt, it is
understood that there shall be no “legal requirement” requiring you to disclose any Evaluation Material solely by virtue of the fact that, absent such disclosure, you would be prohibited from purchasing, selling, or engaging in derivative
or other voluntary transactions with respect to the Common Shares of the Company or otherwise proposing or making an offer to do any of the foregoing, or you would be unable to file any proxy or other solicitation materials in compliance with
Section 14(a) of the Exchange Act or the rules promulgated thereunder. 

  

	4.	 You acknowledge that (a) none of the Company or any of the Company Representatives makes any
representation or warranty, express or implied, as to the accuracy or completeness of any Evaluation Material, and (b) none of the Company or any of the Company Representatives shall have any liability to you or to any of your Representatives
relating to or resulting from the use of the Evaluation Material or any errors therein or omissions therefrom. You and your Representatives (or anyone acting on your or their behalf) shall not directly or indirectly initiate contact or communication
with any executive or employee of the Company other than the Chief Executive Officer, Executive Vice President and Chief Financial Officer, Executive Vice President and General Counsel and Corporate Secretary and/or such other persons approved in
writing by the foregoing or the Board concerning Evaluation Material, or to seek any information in connection therewith from any such person other than the foregoing, without the prior consent of the Company; provided, however, the restriction in
this sentence shall not in any way apply to any Icahn Designee acting in his or her capacity as a Board member (nor shall it apply to any other Board members). 

 

	5.	 All Evaluation Material shall remain the property of the Company. Neither you nor any of your Representatives
shall by virtue of any disclosure of and/or your use of any Evaluation Material acquire any rights with respect thereto, all of which rights (including all intellectual property rights) shall remain exclusively with the Company. At any time after
the date on which no Icahn Designee is a director of the Company, upon the request of the Company for any reason, you will promptly return to the Company or destroy all hard copies of the Evaluation Material and use commercially reasonable efforts
to permanently erase or delete all electronic copies of the Evaluation Material in your or any of your Representatives’ possession or control (and, upon the request of the Company, shall promptly certify to the Company that such Evaluation
Material has been erased or deleted, as the case may be). Notwithstanding the return or erasure or deletion of Evaluation Material, you and your Representatives will continue to be bound by the obligations contained herein for as long as any
Evaluation Material is retained by you or your Representatives. 

  

	6.	 You acknowledge, and will advise your Representatives, that the Evaluation Material may constitute material non-public information under applicable federal and state securities laws, and that you shall not, and you shall use your commercially reasonable efforts to ensure that neither you nor your Representatives, do not,
trade or engage in any derivative or other transaction, on the basis of such information in violation of such laws. You further acknowledge and agree that the responsibility to comply with such laws is yours and your Representatives, and not the
Company’s, and that the Company has no duty or obligation herein or otherwise to police, inquire, respond or facilitate any such trade or compliance. 

  
 5 

	7.	 You hereby represent and warrant to the Company that (a) you have all requisite power and authority to
execute and deliver this letter agreement and to perform your obligations hereunder, (b) this letter agreement has been duly authorized, executed and delivered by you, and is a valid and binding obligation, enforceable against you in accordance
with its terms, (c) this letter agreement will not result in a violation of any terms or conditions of any agreements to which you are a party or by which you may otherwise be bound or of any law, rule, license, regulation, judgment, order or
decree governing or affecting you, and (d) your entry into this letter agreement does not require approval by any owners or holders of any equity or other interest in you (except as has already been obtained). 

 

	8.	 Any waiver by the Company of a breach of any provision of this letter agreement 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 letter agreement. The failure of the Company to insist upon strict adherence to any term of this letter agreement on one or more occasions
shall not be considered a waiver or deprive the Company of the right thereafter to insist upon strict adherence to that term or any other term of this letter agreement. 

 

	9.	 You acknowledge and agree that the value of the Evaluation Material to the Company is unique and substantial,
but may be impractical or difficult to assess in monetary terms. You further acknowledge and agree that in the event of an actual or threatened violation of this letter agreement, immediate and irreparable harm or injury would be caused for which
money damages would not be an adequate remedy. Accordingly, you acknowledge and agree that, in addition to any and all other remedies which may be available to the Company at law or equity, the Company shall be entitled to an injunction or
injunctions to prevent breaches of this letter agreement and to enforce specifically the terms and provisions of this letter agreement exclusively in the federal or state courts of the State of New York. In the event that any action shall be brought
in equity to enforce the provisions of this letter agreement, you shall not allege, and you hereby waive the defense, that there is an adequate remedy at law. 

 

	10.	 Each of the parties (a) consents to submit itself to the personal jurisdiction of the federal or state
courts of the State of New York in the event any dispute arises out of this letter agreement or the transactions contemplated by this letter agreement, (b) agrees that it shall not attempt to deny or defeat such personal jurisdiction by motion
or other request for leave from any such court, (c) agrees that it shall not bring any action relating to this letter agreement or the transactions contemplated by this letter agreement in any court other than the federal or state courts of the
State of New York, and each of the parties irrevocably waives the right to trial by jury, (d) agrees to waive any bonding requirement under any applicable law, in the case any other party seeks to enforce the terms by way of equitable relief,
and (e) irrevocably consents to service of process by a reputable overnight delivery service, signature requested, to the address of such party’s principal place of business or as otherwise provided by applicable law. THIS LETTER AGREEMENT
SHALL BE GOVERNED IN ALL RESPECTS, INCLUDING VALIDITY, INTERPRETATION AND EFFECT, BY THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS EXECUTED AND TO BE PERFORMED WHOLLY WITHIN SUCH STATE WITHOUT GIVING EFFECT TO THE CHOICE OF LAW
PRINCIPLES OF SUCH STATE. 

  
 6 

	11.	 This letter agreement and the Nomination and Standstill Agreement contain the entire understanding of the
parties with respect to the subject matter hereof and thereof and supersedes all prior or contemporaneous agreements or understandings, whether written or oral. This letter agreement may be amended only by an agreement in writing executed by the
parties hereto. 

  

	12.	 All notices, consents, requests, instructions, approvals and other communications provided for in this letter
agreement and all legal process in regard to this letter agreement shall be in writing and shall be deemed validly given, made or served, if (a) given by email, when such email is sent to the email address set forth below and the appropriate
confirmation is received or (b) if given by any other means, when actually received during normal business hours at the address specified in this subsection: 

 

	
	if to the Company:
	
	     Xerox Holdings Corporation

	     P.O. Box 4505

	     201 Merritt 7

	     Norwalk, Connecticut 06851

	     Attention: General Counsel

	 Email:  Louie.Pastor@xerox.com

	
	if to the Icahn Group:
	
	 Icahn Associates Corp.

	 16690 Collins Avenue, Suite PH-1,

	 Sunny Isles Beach, FL 33160

	 Attention: Keith Cozza

	 Email: KCozza@sfire.com

	
	with a copy to (which shall not constitute notice):
	
	 Icahn Associates Corp.

	 16690 Collins Avenue, Suite PH-1,

	 Sunny Isles Beach, FL 33160

	 Attention: Jesse Lynn

	 Email: JLynn@sfire.com

  

	13.	 If at any time subsequent to the date hereof, any provision of this letter agreement shall be held by any court
of competent jurisdiction to be illegal, void or unenforceable, such provision shall be of no force and effect, but the illegality or unenforceability of such provision shall have no effect upon the legality or enforceability of any other provision
of this letter agreement. 

  
 7 

	14.	 This letter agreement may be executed (including by facsimile or PDF) in two or more counterparts which
together shall constitute a single agreement. 

  

	15.	 This letter agreement and the rights and obligations herein may not be assigned or otherwise transferred, in
whole or in part, by you without the express written consent of the Company. This letter agreement, however, shall be binding on successors of the parties to this letter agreement. 

 

	16.	 The Icahn Group shall cause any Replacement for a Icahn Designee appointed to the Board pursuant to the
Nomination and Standstill Agreement to execute a copy of this letter agreement. 

  

	17.	 This letter agreement shall expire two years from the date on which no Icahn Designee remains a director of the
Company; except that you shall maintain in accordance with the confidentiality obligations set forth herein any Evaluation Material (a) constituting trade secrets for such longer time as such information constitutes a trade secret of the
Company as defined under 18 U.S.C. § 1839(3) and (b) retained pursuant to Section 5. 

  

	18.	 No licenses or rights under any patent, copyright, trademark, or trade secret are granted or are to be implied
by this letter agreement. 

  

	19.	 Each of the parties acknowledges that it has been represented by counsel of its choice throughout all
negotiations that have preceded the execution of this letter agreement, and that it has executed the same with the advice of said counsel. Each party and its counsel cooperated and participated in the drafting and preparation of this agreement and
the documents referred to herein, and any and all drafts relating thereto exchanged among the parties shall be deemed the work product of all of the parties and may not be construed against any party by reason of its drafting or preparation.
Accordingly, any rule of law or any legal decision that would require interpretation of any ambiguities in this agreement against any party that drafted or prepared it is of no application and is hereby expressly waived by each of the parties, and
any controversy over interpretations of this agreement shall be decided without regards to events of drafting or preparation. The term “including” shall in all instances be deemed to mean “including without limitation.”

 [Signature Pages Follow] 

  
 8 

 Please confirm your agreement with the foregoing by signing and returning one copy of this letter agreement
to the undersigned, whereupon this letter agreement shall become a binding agreement between you and the Company. 
  

			
	Very truly yours,
	
	XEROX HOLDINGS CORPORATION

 
			
		
	By:	 	 
	Name: Louie Pastor
	Title: EVP and General Counsel

 [Signature Page to Confidentiality Agreement] 

 
			
	CARL C. ICAHN
		
	By:	 	 
	Carl C. Icahn

 [Signature Page to Confidentiality Agreement] 

 
			
	ICAHN PARTNERS LP
		
	By:	 	 
	Name:
	Title:
	
	ICAHN PARTNERS MASTER FUND LP
		
	By:	 	 
	Name:
	Title:
	
	ICAHN ENTERPRISES G.P. INC.
		
	By:	 	 
	Name:
	Title:
	
	ICAHN ENTERPRISES HOLDINGS L.P.
	
	By: Icahn Enterprises G.P. Inc., its general partner
		
	By:	 	 
	Name:
	Title:

 [Signature Page to Confidentiality Agreement] 

 
			
	IPH GP LLC
		
	By:	 	 
	Name:	 	
	Title:	 	Authorized Signatory
	
	ICAHN CAPITAL LP
		
	By:	 	 
	Name:	 	
	Title:	 	Authorized Signatory
	
	ICAHN ONSHORE LP
		
	By:	 	 
	Name:	 	
	Title:	 	Authorized Signatory
	
	BECKTON CORP
		
	By:	 	 
	Name:	 	
	Title:	 	Authorized Signatory

 [Signature Page to Confidentiality Agreement] 

 
			
	KEITH COZZA
		
	By:	 	 
	Name:	 	Keith Cozza
	
	NICHOLAS GRAZIANO
		
	By:	 	 
	Name:	 	Nicholas Graziano

 [Signature Page to Confidentiality Agreement] 

 SCHEDULE A 

CARL C. ICAHN 
 ICAHN PARTNERS LP 

ICAHN PARTNERS MASTER FUND LP 
 ICAHN ENTERPRISES G.P. INC. 

ICAHN ENTERPRISES HOLDINGS L.P. 
 IPH GP LLC 

ICAHN CAPITAL LP 
 ICAHN ONSHORE LP 

ICAHN OFFSHORE LP 
 BECKTON CORP. 

KEITH COZZA 
 NICHOLAS GRAZIANO 

 EXHIBIT C 

REGISTRATION RIGHTS 
  

	1.	 Demand Registration Rights. Each of the Icahn Group and the Deason Group (each, a “Demand
Party”) shall each be entitled to two (2) demand registrations (whether or not underwritten, with the managing underwriter, if any, to be chosen by the Company, which managing underwriter shall be of national standing and reasonably
acceptable to the Demand Parties participating in such registration); provided that the Company shall only be required to effect one (1) demand registration made by either of the Icahn Group or Deason (the “Demanding Holder”)
in any 18-month period. The Demanding Holder shall, subject to clause (2) below (to the extent the other Demand Party exercises its piggyback registration rights with respect thereto), have first priority
to register and to sell all of the securities that such Demanding Holder requested to be registered and/or sold pursuant to any of its demand rights before the Company or any holder of Common Shares that owns at that time at least 10% of the then
outstanding Common Shares and is party to a registration rights agreement with the Company other than the Demand Parties (a “10% Holder”) shall be entitled to participate in any such demand registration or sales pursuant to such
demand registration, provided that the Company or any such 10% Holder may participate only if such participation would not, in the determination of the managing underwriter, adversely affect the price or success of such Demanding Holder’s
demand registration. Furthermore, from the date that the Demanding Holder delivers a notice to exercise a demand registration until the conclusion of such offering (for a total period of up to 90 days), the Company shall not register any of its
Common Shares for sale for its own account or for the account of any other person other than as permitted in clause (2) below (other than pursuant to business combination transactions, employee benefit plans and other customary exceptions to be
negotiated and set out in the Registration Rights Agreement). 

  

	2.	 Piggyback Registration Rights. If the Company at any time proposes to register for sale or sells any
Common Shares (or securities convertible into or exchangeable for Common Shares), pursuant to a registration statement, including in each case pursuant to any shelf registration statement (including pursuant to clause (3) below) and including
by effecting any underwritten public offering, for its own account or for the account of any other person (including a Demand Party) (collectively, an “ Offering”) (other than pursuant to business combination transactions, employee
benefit plans and other customary exceptions to be negotiated and set out in the Registration Rights Agreement), each Demand Party shall be entitled to participate in such Offering; provided that the party who initiated such Offering (whether the
Company, a Demand Party or another person entitled to registration rights) (the “Initiating Party”) shall have first priority to register and sell all of such securities that such Initiating Party requested to be sold and provided
further that if the Initiating Party is a Demanding Holder, then the other Demand Party shall be entitled to participate on a pro rata basis with such Demanding Holder based on their relative percentage interests in the Company. After giving effect
to the priority in the preceding sentence, in the event that such Offering is: 

	 	(A)	 for the account of (i) the Company, then each Demand Party and any other person entitled to piggyback
registration rights with respect to such registration statement shall be entitled to participate on a pro rata basis based on their relative percentage interests in the Company, and (ii) any other person other than a Demand Party, then
(x) each Demand Party and any other person entitled to piggyback registration rights with respect to such registration statement shall be entitled to participate on a pro rata basis based on their relative percentage interests in the Company
and (y) if a Demand Party and/or another person exercises piggyback registration rights with respect to such registration statement, the Company shall be entitled to participate on a pro rata basis up to the sum of the number of such securities
proposed to be included by (A) the Demand Parties and (B) the other person(s), unless the managing underwriter determines that inclusion of additional securities by the Company above such sum of (A) and (B), will not adversely affect
the price or success of such sale by the Initiating Party, the Demand Parties or any other participating person(s), provided that in all such cases set out in the foregoing clauses (i) and (ii), such participation would not, in the
determination of the managing underwriter, adversely affect the price or success of such sale by the initiating party; or 

  

	 	(B)	 for the account of a Demand Party, then (i) any person other than a Demand Party entitled to piggyback
registration rights with respect to such registration statement shall be entitled to participate on a pro rata basis based on their relative percentage interests in the Company and (ii) if any such other person exercises piggyback registration
rights with respect to such registration statement, the Company shall be entitled to participate on a pro rata basis up to the sum of the number of such securities proposed to be included by such other person(s), unless the managing underwriter
determines that inclusion of additional securities by the Company above such sum will not adversely affect the price or success of such sale by the Demand Parties or any other participating person(s), provided that in all such cases set out in the
foregoing clauses (i) and (ii), such participation would not, in the determination of the managing underwriter, adversely affect the price or success of such sale by the initiating party. 

 

	3.	 Shelf Registration Rights. The Company shall file within sixty (60) days following any request of a
Demand Party (a “Shelf Request”), and shall use its reasonable efforts to have declared effective by the SEC as soon as practicable, a shelf registration statement relating to the offer and sale of all registrable securities then
held by the Demand Parties (or their respective affiliates and successors) to the public, from time to time, on a delayed or continuous basis, which registration statement may be a universal shelf registration statement that may also relate to the
offer and sale of other securities of the Company (a “Shelf Registration Statement”); provided that if the Company files the Shelf Registration Statement prior to the execution of the Registration Rights Agreement, the Company shall
include in such Shelf Registration Statement all the securities held by the Demand Parties on the date of such filing and if on the date of such execution the Shelf Registration Statement is not effective, the Company shall use its reasonable
efforts to have 

	 	
the Registration Statement declared effective by the SEC as soon as practicable after such execution. Subject to the limitations in clause (1) above with respect to the number of demand
registrations available to the Demand Parties (against which any demand for an underwritten offering under the Shelf Registration Statement shall count), the Company shall be required to effect an underwritten public offering (with the managing
underwriter to be chosen by the Company, which managing underwriter shall be of national standing and reasonably acceptable to the Demand Parties participating in such offering) pursuant to a shelf registration statement if the Demand Party
requests, or the Demand Parties collectively request, to sell at least 5 million Common Shares held thereby. If during the 30- day period prior to the date that the Demand Party initiates an underwritten
public offering under any Shelf Registration Statement, the Company has already initiated, and is pursuing in good faith at the time the Demand Party makes such initiation, an underwritten public offering for its own account (“Company
Offering”), then in such event, the Demand Parties shall cease their process for an underwritten public offering and the Company shall have first priority to sell all of the securities that the Company contemplated in such Company Offering, and
the Demand Parties and any 10% Holder shall thereafter be entitled to participate in the Company Offering on a pro rata basis based on their relative percentage interests so long as such participation would not, in the determination of the managing
underwriter, adversely affect the price or success of the Company Offering; provided that if the Company Offering is not completed within 90 days from the date that the Company notifies the Demand Parties of such Company Offering, each Demand Party
shall be permitted to initiate an underwritten offering which shall no longer be pre-empted by the proposed Company Offering as provided in this sentence. For the avoidance of doubt, if at the time the Demand
Party initiates an underwritten public offering there is no Company Offering and no 10% Holder has initiated an underwritten public offering, then the Demand Parties shall have first priority to sell, on a pro rata basis with one another based on
their relative percentage interests in the Company, all of the securities that the Demand Parties request to be sold before the Company or any 10% Holder shall be entitled to participate in any such underwritten public offering, and the Company or
such 10% Holder may participate only so long as such participation would not, in the determination of the managing underwriter, adversely affect the price or success of the Demand Party’s initiated underwritten public offering.

  

	4.	 Term. The registration rights described above shall terminate on (a) in the case of the Icahn
Group, the earlier to occur of (i) the six-month anniversary of the date that the number of Common Shares beneficially owned by the Icahn Group represents less than five percent (5%) of the outstanding
Common Shares, and (ii) the end of the Board Representation Period of the Icahn Group, and (b) in the case of the Deason Group, the earlier to occur of (i) the six-month anniversary of the date
that the number of Common Shares beneficially owned by the Deason Group represents less than five percent (5%) of the outstanding Common Shares, and (ii) the end of the Board Representation Period of the Deason Group. 

 

	5.	 Expenses. In connection with any offerings pursuant to a Registration Statement, the Company
shall pay 50% and the participating Demand Parties shall pay 50% (unless other Persons are offering Common Shares in such Registration Statement, in which case, the participating Demand Parties and such other Person(s) shall pay such 50% on a pro
rata basis in proportion to the number of Common Shares included by the participating Demand 

	 	
Parties and such Persons in the Registration Statement) of (i) all registration and filing fees, (ii) all fees and expenses of compliance with state securities or “blue sky”
laws (including reasonable fees and disbursements of counsel in connection with “blue sky” laws qualifications of the Common Shares), (iii) printing and duplicating expenses, (iv) fees and expenses of independent accountants retained
by the Company for any comfort letters or costs associated with the delivery by independent certified public accountants of a comfort letter or comfort letters or with any required special audits, (v) the reasonable fees and expenses of any
special experts retained by the Company and agreed to by the participating Demand Parties, (vi) fees and expenses in connection with any review of underwriting arrangements by FINRA, (vii) fees and expenses in connection with listing, if
applicable, the Common Shares on a securities exchange or the NYSE, and (viii) all duplicating, distribution and delivery expenses. In connection with any offerings pursuant to a Registration Statement, the Company shall pay 100% of
(i) internal expenses of the Company (including all salaries and expenses of its officers and employees performing legal or accounting duties), and (ii) except as provided in clause (iv) in the first sentence of this paragraph, fees
and disbursements of counsel for the Company and fees and expenses of independent certified public accountants retained by the Company. In connection with any offerings pursuant to a Registration Statement, the participating Demand Parties shall pay
100% of (a) any underwriting fees, discounts or commissions attributable to the sale of their Common Shares in connection with an Underwritten Offering; (b) any
out-of-pocket expenses of the participating Demand Parties including any fees and expenses of brokers or counsel to the participating Demand Parties; and (c) any
applicable transfer taxes attributable to the sale of their Common Shares. 

  

	6.	 General. The Registration Rights Agreement shall grant registration rights only to the Demand Parties
(including, for the avoidance of doubt, affiliates who are assignees). During any time that (i) a member of the Icahn Group possesses material non-public information with respect to the Company, the Icahn
Group shall not effect any sales under any registration statement of the Company or (ii) the Deason Group possesses material non-public information with respect to the Company, Deason shall not effect any
sales under any registration statement of the Company. The Company shall not be required to use reasonable efforts to cause a registration statement filed pursuant to a demand registration or Shelf Request to be declared effective or keep current a
shelf registration statement or permit sales to be made thereunder, or file any prospectus supplement or amendment (other than as required by the periodic report or proxy statement disclosure requirements of the Securities Exchange Act of 1934,
including Sections 13 or 15(d) thereof, including Forms 10-K, 8-K, 10-Q or 14A thereunder) if the Company possesses material non-public information and determines in good faith that it need not otherwise make such disclosure or filing. In furtherance of and pursuant to the last proviso of the preceding sentence and following public
disclosure by the Company, at such time as the Company no longer possesses material non-public information regarding the Company, the Demand Parties may effect sales under any registration statement, including
through an underwritten public offering. All calculations of beneficial ownership for purposes of the Registration Rights Agreement shall be calculated in accordance with Rule 13(d) of the Securities Exchange Act of 1934, as amended.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00319-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00319-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00319-of-00352.parquet"}]]