Document:

ex10-3.htm

Exhibit 10.3

 

AMENDMENT TO 

SALON MEDIA GROUP, INC.

STOCK EXCHANGE AGREEMENT

 

This amendment to that certain stock exchange agreement (the “Stock Exchange Agreement”) executed November 10, 2016 by Salon Media Group, Inc. (the “Company”), and William Hambrecht, is made as of January 19, 2017 to amend the class of shares that Mr. Hambrecht will receive pursuant to the Stock Exchange Agreement. As the Company does not have sufficient authorized shares of Common Stock to fully satisfy Mr. Hambrecht’s exchange of his related party advances (the “Related Party Advances”), Mr. Hambrecht agrees to accept a combination of shares of Common Stock and Series A Mandatorily Convertible Voting Preferred Stock (the “Series A Preferred Stock”). In lieu of receiving 29,130,000 shares of Common Stock for his Related Party Advances aggregating $2,913,000, Mr. Hambrecht agrees to receive 2,246,017 shares of Common Stock 268,840 shares of Series A Preferred Stock upon the execution of the Purchase Agreement dated January 24, 2017 and the initial closing of the Private Placement, in full satisfaction of the Company’s obligations. Upon the Company’s filing of the Certificate of Amendment of Restated Certificate of Incorporation to increase the Company’s authorized share capital, the shares Series A Preferred Stock will convert to shares of Common Stock of the Company. 

 

Notwithstanding anything to the contrary as stated in Section 1 and Schedule B of the Stock Exchange Agreement, the Stock Exchange Agreement remains in all respects in full force and effect.

 

 

	
 
	
SALON MEDIA GROUP, INC.

 

/s/ Jordan Hoffner                                                           

 

Dated:   1/19/17                                                                 

 

 

 

  

WILLIAM HAMBRECHT

 

/s/ William Hambrecht                                                    

 

Dated:   1/19/17ex10-4.htm

Exhibit 10.6

 

 

AMENDMENT TO 

SALON MEDIA GROUP, INC.

SECURITIES PURCHASE AGREEMENT

 

This amendment to that certain Securities Purchase Agreement (the “Securities Purchase Agreement” or the “Bridge Financing”) executed August 5, 2016 by Salon Media Group, Inc. (the “Company”), and Elizabeth Hambrecht, is made as of January 24, 2017 to amend the class of shares that Ms. Hambrecht will receive pursuant to the Bridge Financing and to satisfy the Company’s obligations thereunder. Under the Securities Purchase Agreement Ms. Hambrecht purchased one or more promissory notes with an aggregate principal amount of $100,000 (the “Notes”) which were to convert into shares of the Common Stock of the Company. As the Company does not have sufficient authorized shares of Common Stock to fully satisfy Ms. Hambrecht’s purchase of shares of Common Stock of the Company, Ms. Hambrecht agrees to accept shares of Series A Mandatorily Convertible Voting Preferred Stock (the “Series A Preferred Stock”) in place of the shares of Common Stock in conversion of the Notes. Accordingly, in full satisfaction of all of the Company’s obligations under the Securities Purchase Agreement and the Notes, and in lieu of receiving shares of Common Stock, Ms. Hambrecht agrees to receive 89,656 shares of the Company’s Series A Preferred Stock upon the execution of the Purchase Agreement dated January 24, 2017 between the Company and the Purchasers identified therein, and the initial closing of the Private Placement under said Purchase Agreement. Upon the Company’s filing of the Certificate of Amendment of Restated Certificate of Incorporation to increase the Company’s authorized share capital as described in the Purchase Agreement, the shares Series A Preferred Stock will automatically convert into shares of Common Stock of the Company. 

 

Upon the initial closing of the Purchase Agreement, notwithstanding anything to the contrary as stated in the Securities Purchase Agreement or the Notes, the Securities Purchase Agreement and the Notes shall terminate and the Company shall no longer have any obligations with respect thereto. Until such time, the Securities Purchase Agreement remains in all respects in full force and effect. 

 

	
 
	
SALON MEDIA GROUP, INC.

 

/s/ Jordan Hoffner                                                           

 

Dated:   1/24/17                                                                

 

 

 

 

ELIZABETH HAMBRECHT

 

/s/ Elizabeth Hambrecht                                                 

 

Dated:   1/24/17ex10-5.htm

Exhibit 10.7

 

AMENDMENT TO 

SALON MEDIA GROUP, INC.

SECURITIES PURCHASE AGREEMENT

 

This amendment to that certain Securities Purchase Agreement (the “Securities Purchase Agreement” or the “Bridge Financing”) executed August 5, 2016 by Salon Media Group, Inc. (the “Company”), and Heather Gillette, is made as of January 24, 2017 to amend the class of shares that Ms. Gillette will receive pursuant to the Bridge Financing and to satisfy the Company’s obligations thereunder. Under the Securities Purchase Agreement Ms. Gillette purchased one or more promissory notes with an aggregate principal amount of $100,000 (the “Notes”) which were to convert into shares of the Common Stock of the Company. As the Company does not have sufficient authorized shares of Common Stock to fully satisfy Ms. Gillette’s purchase of shares of Common Stock of the Company, Ms. Gillette agrees to accept shares of Series A Mandatorily Convertible Voting Preferred Stock (the “Series A Preferred Stock”) in place of the shares of Common Stock in conversion of the Notes. Accordingly, in full satisfaction of all of the Company’s obligations under the Securities Purchase Agreement and the Notes, and in lieu of receiving shares of Common Stock, Ms. Gillette agrees to receive 89,656 shares of the Company’s Series A Preferred Stock upon the execution of the Purchase Agreement dated January 24, 2017 between the Company and the Purchasers identified therein, and the initial closing of the Private Placement under said Purchase Agreement. Upon the Company’s filing of the Certificate of Amendment of Restated Certificate of Incorporation to increase the Company’s authorized share capital as described in the Purchase Agreement, the shares Series A Preferred Stock will automatically convert into shares of Common Stock of the Company. 

 

Upon the initial closing of the Purchase Agreement, notwithstanding anything to the contrary as stated in the Securities Purchase Agreement or the Notes, the Securities Purchase Agreement and the Notes shall terminate and the Company shall no longer have any obligations with respect thereto. Until such time, the Securities Purchase Agreement remains in all respects in full force and effect. 

 

	
 
	
SALON MEDIA GROUP, INC.

 

/s/ Jordan Hoffner                                                            

 

Dated:   1/24/17                                                                 

 

 

 

 

HEATHER GILLETTE

 

/s/ Heather Gillette                                                            

 

Dated:   1/24/17EX-4.1

 Exhibit 4.1 

EXECUTION VERSION 
  

 
  

TAX ASSET PROTECTION PLAN 
 dated
as of 
 January 26, 2017 

between 
 STONEGATE MORTGAGE
CORPORATION 
 and 
 BROADRIDGE
CORPORATE ISSUER SOLUTIONS, INC., 
 as Rights Agent 
  

 
  

 TAX ASSET PROTECTION PLAN 

Table of Contents 
  

							
	 	  	 	  	Page	 
	
	ARTICLE I	  
	
	DEFINITIONS	  
			
	 1.1
	  	Definitions	  	 	2	  
	
	ARTICLE II	  
	
	THE RIGHTS	  
			
	 2.1
	  	Summary of Rights	  	 	7	  
	 2.2
	  	Legend	  	 	7	  
	 2.3
	  	Exercise of Rights; Separation of Rights	  	 	8	  
	 2.4
	  	Adjustments to Exercise Price; Number of Rights	  	 	10	  
	 2.5
	  	Date on Which Exercise is Effective	  	 	12	  
	 2.6
	  	Execution, Authentication, Delivery and Dating of Rights Certificates	  	 	12	  
	 2.7
	  	Registration, Registration of Transfer and Exchange	  	 	12	  
	 2.8
	  	Mutilated, Destroyed, Lost and Stolen Rights Certificates	  	 	13	  
	 2.9
	  	Persons Deemed Owners	  	 	14	  
	 2.10
	  	Delivery and Cancellation of Certificates	  	 	14	  
	 2.11
	  	Agreement of Rights Holders	  	 	15	  
	
	ARTICLE III	  
	ADJUSTMENTS TO THE RIGHTS IN	  
	THE EVENT OF CERTAIN TRANSACTIONS	  
			
	 3.1
	  	Flip-in	  	 	15	  
	
	ARTICLE IV	  
	
	THE RIGHTS AGENT	  
			
	 4.1
	  	General	  	 	19	  
	 4.2
	  	Merger or Consolidation or Change of Name of Rights Agent	  	 	20	  
	 4.3
	  	Duties of Rights Agent	  	 	20	  
	 4.4
	  	Change of Rights Agent	  	 	23	  

  
 -i- 

							
	ARTICLE V	  
	
	MISCELLANEOUS	  
			
	 5.1
	  	Redemption	  	 	23	  
	 5.2
	  	Expiration	  	 	24	  
	 5.3
	  	Process to Seek Exemption	  	 	24	  
	 5.4
	  	Issuance of New Rights Certificates	  	 	25	  
	 5.5
	  	Supplements and Amendments	  	 	26	  
	 5.6
	  	Fractional Shares	  	 	26	  
	 5.7
	  	Holder of Rights Not Deemed a Stockholder	  	 	26	  
	 5.8
	  	Notices	  	 	27	  
	 5.9
	  	Suspension of Exercisability or Exchangeability	  	 	27	  
	 5.10
	  	Successors	  	 	28	  
	 5.11
	  	Benefits of this Plan	  	 	28	  
	 5.12
	  	Determination and Actions by the Board of Directors, etc	  	 	28	  
	 5.13
	  	Descriptive Headings; Section References	  	 	28	  
	 5.14
	  	Governing Law; Exclusive Jurisdiction	  	 	28	  
	 5.15
	  	Counterparts	  	 	29	  
	 5.16
	  	Severability	  	 	29	  
	 5.17
	  	Withholding Rights	  	 	29	  

 EXHIBITS 
  

			
	Exhibit A	  	Form of Rights Certificate (together with Form of Election to Exercise)
	Exhibit B	  	Form of Certificate of Designation and Terms of Preferred Stock

  
 -ii- 

 TAX ASSET PROTECTION PLAN 

TAX ASSET PROTECTION PLAN (as amended from time to time, this “Plan”), dated as of January 26, 2017, between Stonegate Mortgage
Corporation, an Ohio corporation (the “Company”), and Broadridge Corporate Issuer Solutions, Inc., a Pennsylvania corporation, as Rights Agent (the “Rights Agent”, which term shall include any successor Rights Agent hereunder).

 WITNESSETH: 

WHEREAS, on the date of this Agreement, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”), by and
among Home Point Financial Corporation, a New Jersey corporation (“Parent”), Longhorn Merger Sub, Inc., an Ohio corporation and wholly owned subsidiary of Parent (“Merger Sub”), and the Company, pursuant to which the Merger Sub
will merge will and into the Company with the Company as the surviving corporation (the “Merger”); 
 WHEREAS, (a) the
Company has certain net operating losses (collectively, “NOLs”) for United States federal income tax purposes; (b) Parent and the Company desire to avoid an “ownership change” within the meaning of Section 382 of the
Internal Revenue Code of 1986, as amended (the “Code”) prior to the consummation of the Merger and (c) in furtherance of such objective and as a condition to the willingness of Parent to enter into the Merger Agreement and as an
inducement and in consideration therefor, concurrently with the execution of the Merger Agreement, the Company and the Rights Agent are entering into this Plan; 

WHEREAS, the Board of Directors of the Company (the “Board of Directors”) has (a) authorized and declared a dividend of one
right (“Right”) in respect of each share of Common Stock (as hereinafter defined) held of record as of the Close of Business (as hereinafter defined) on February 6, 2017 (the “Record Time”) payable in respect of each such
share upon certification by the New York Stock Exchange (the “NYSE”) to the Securities and Exchange Commission that the Rights have been approved for listing and registration (the “Payment Time”) and (b) as provided in
Section 2.4, authorized the issuance of one Right in respect of each share of Common Stock issued after the Record Time and prior to the Separation Time (as hereinafter defined) and, to the extent provided in Section 5.4, each share of
Common Stock issued after the Separation Time; 
 WHEREAS, subject to the terms and conditions hereof, each Right entitles the holder
thereof, at or after the Separation Time, to purchase securities or assets of the Company pursuant to the terms and subject to the conditions set forth herein; and 

WHEREAS, the Company desires to appoint the Rights Agent to act on behalf of the Company, and the Rights Agent is willing so to act, in
connection with the issuance, transfer and exchange of Rights Certificates (as hereinafter defined), the exercise of Rights and other matters referred to herein; 

  
 -1- 

 NOW THEREFORE, in consideration of the premises and the respective agreements set forth herein,
the parties hereby agree as follows: 
 ARTICLE I 

DEFINITIONS 
 1.1
Definitions. For purposes of this Plan, the following terms have the meanings indicated: 
 “Acquiring Person” shall mean
any Person who is or becomes the Beneficial Owner of 4.9% or more of the outstanding shares of Common Stock at any time after the first public announcement of this Plan; provided, however, that the term “Acquiring Person”
shall not include (i) any Person who is the Beneficial Owner of 4.9% or more of the outstanding shares of Common Stock at the time of the first public announcement of the adoption of this Plan and who continuously thereafter is the Beneficial
Owner of 4.9% or more of the outstanding shares of Common Stock (an “Existing Holder”), until such time thereafter as such Person becomes the Beneficial Owner (other than by means of a stock dividend, stock split or reclassification) of
additional shares of Common Stock, (ii) any Person who becomes the Beneficial Owner of 4.9% or more of the outstanding shares of Common Stock after the time of the first public announcement of this Plan solely as a result of (A) an
acquisition by the Company of shares of Common Stock or (B) an acquisition directly from the Company in a transaction which duly authorized officers of the Company have determined will not result in the creation of an Acquiring Person under the
Plan, until, in each case, such time thereafter as such Person becomes the Beneficial Owner (other than by means of a stock dividend, stock split or reclassification) of additional shares of Common Stock while such Person is or as a result of which
such Person becomes the Beneficial Owner of 4.9% or more of the outstanding shares of Common Stock, (iii) any Person who the Board of Directors determines, in its sole discretion, has inadvertently become the Beneficial Owner of 4.9% or more of
the outstanding shares of Common Stock, if such Person promptly divests, or promptly enters into an agreement with, and satisfactory to, the Board of Directors, in the Board of Directors’ sole discretion, to divest, and subsequently divests in
accordance with the terms of such agreement (without exercising or retaining any power, including voting power, with respect to such shares), sufficient shares of Common Stock (or securities convertible into, exchangeable into or exercisable for
Common Stock) so that such Person ceases to be the Beneficial Owner of 4.9% or more of the outstanding shares of Common Stock or (iv) any Person determined by the Board of Directors to be an “Exempt Person” in accordance with
Section 5.3 for so long as such person complies with any limitations or conditions required by the Board of Directors in making such determination. In addition, the Company, any Subsidiary of the Company and any employee stock ownership or
other employee benefit plan of the Company or a Subsidiary of the Company (or any entity or trustee holding shares of Common Stock for or pursuant to the terms of any such plan or for the purpose of funding any such plan or funding other employee
benefits for employees of the Company or of any Subsidiary of 

  
 -2- 

 
the Company) shall not be an Acquiring Person. For all purposes of this Plan, any calculation of the number of shares of Common Stock outstanding at any particular time, for purposes of
determining the particular percentage of such outstanding Common Stock of which any Person is the Beneficial Owner, shall be made pursuant to and in accordance with Section 382 of the Code and the Treasury Regulations promulgated thereunder;
provided that for purposes of this Agreement, “options” within the meaning of Section 382 and the Treasury Regulations thereunder that are held by any Person shall be deemed to be exercised in accordance with the definition of
Beneficial Ownership. Notwithstanding anything in this Plan to the contrary, neither Parent nor Merger Sub shall be deemed to be an “Acquiring Person” solely by virtue of the execution or performance of the Merger Agreement or the Voting
Agreements, or the consummation of the transactions contemplated thereby. 
 “Affiliate” shall have the meaning ascribed to such
terms in Rule 12b-2 under the Exchange Act, as such Rule is in effect on the date of this Plan and, to the extent not included within the foregoing, will also include, with respect to any Person, any
other Person (other than an Exempt Person) whose Common Stock would be deemed owned constructively or indirectly by, or otherwise aggregated with, such first Person pursuant to the provisions of Section 382 of the Code and the Treasury
Regulations promulgated thereunder. 
 A Person shall be deemed the “Beneficial Owner”, and to have “Beneficial
Ownership” of, and to “Beneficially Own”, any securities (i) which such Person directly owns, (ii) which such Person would be deemed to indirectly or constructively own for purposes of Section 382 of the Code and the
Treasury Regulations promulgated thereunder or (iii) which any other Person Beneficially Owns, but only if such Person and such other Person are part of the same group of Persons that, with respect to such security, are treated as one
“entity” as defined under Treasury Regulation 1.382-3(a)(1); provided that for the purposes of determining “Beneficial Ownership,” any “options” within the meaning of
Section 382 of the Code and the Treasury Regulations promulgated thereunder will be deemed to be exercised. 
 “Board of
Directors” shall have the meaning set forth in the Recitals and includes any duly authorized committee thereof. 
 “Business
Day” shall mean any day other than a Saturday, Sunday or a day on which banking institutions in New York, New York are generally authorized or obligated by law or executive order to close. 

“Close of Business” on any given date shall mean 5:00 p.m. New York City time on such date or, if such date is not a Business Day,
5:00 p.m. New York City time on the next succeeding Business Day. 

  
 -3- 

 “Common Stock” shall mean the shares of Common Stock, par value $0.01 per share, of the
Company and shares of capital stock of the Company issued in exchange or substitution for such Common Stock. 
 “Company” shall
have the meaning set forth in the preamble. 
 “Election to Exercise” shall have the meaning set forth in Section 2.3(d). 

“Excess Shares” shall have the meaning set forth in Section 3.1(a). 

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

“Exchange Ratio” shall have the meaning set forth in Section 3.1(c). 

“Exchange Time” shall mean the time at which the right to exercise the Rights shall terminate pursuant to Section 3.1(c). 

“Exercise Price” shall mean, as of any date, the price at which a holder may purchase the securities issuable upon exercise of one
whole Right. Until adjustment thereof in accordance with the terms hereof, the Exercise Price shall equal $24.00. 
 “Expansion
Factor” shall have the meaning set forth in Section 2.4(a). 
 “Expiration Time” shall mean the earliest of (i) the
Exchange Time, (ii) the Redemption Time, (iii) the time at which the Board of Directors receives, at the Board’s request, a report from the Company’s advisors that the NOLs are utilized in all material respects or no longer
available in any material respect under Section 382 of the Code or any applicable state law or that an ownership change under Section 382 of the Code would not adversely impact in any material respect the time period in which the Company
could use the NOLs, or materially impair the amount of the NOLs that could be used by the Company in any particular time period, for applicable tax purposes, (iv) immediately prior to the consummation of the Merger and (v) the later of the
Close of Business on the first anniversary of the date of this Plan and the termination of the Merger Agreement in accordance with its terms. 

“Flip-in Date” shall mean any Stock Acquisition Date or such later date and time as the
Board of Directors may from time to time fix by resolution adopted prior to the Flip-in Date that would otherwise have occurred. 

“Market Price” per share of any securities on any date shall mean the average of the daily closing prices per share of such
securities (determined as described below) on each of the 20 consecutive Trading Days through and including the Trading Day immediately preceding such date; provided, however, that if any event described in Section 2.4, or any
analogous event, shall have caused the closing prices used to determine the Market Price on any Trading Days during such period of 20 Trading Days 

  
 -4- 

 
not to be fully comparable with the closing price on such date, each such closing price so used shall be appropriately adjusted by the Board of Directors in order to make it fully comparable with
the closing price on such date. The closing price per share of any securities on any date shall be the last reported sale price, regular way, or, in case no such sale takes place or is quoted on such date, the average of the closing bid and asked
prices, regular way, for each share of such securities, in either case as reported in the principal consolidated transaction reporting system with respect to securities listed on the NYSE or, if the securities are not listed on the NYSE, as reported
on the NASDAQ Stock Market or, if the securities are not listed on the NASDAQ Stock Market, as reported in the principal consolidated transaction reporting system with respect to the principal national securities exchange on which the securities are
listed or admitted to trading or, if the securities are not listed or admitted to trading on any national securities exchange, as reported by such other quotation system then in use or, if on any such date the securities are not listed or admitted
to trading on any national securities exchange or quoted by any such quotation system, the average of the closing bid and asked prices in the over-the-counter market as
furnished by a professional market maker making a market in the securities selected by the Board of Directors; provided, however, that if on any such date the securities are not listed or admitted to trading on a national securities
exchange or traded in the over-the-counter market, the closing price per share of such securities on such date shall mean the fair value per share of such securities on
such date as determined in good faith by the Board of Directors, after consultation with a nationally recognized investment banking firm, and set forth in a certificate delivered to the Rights Agent. 

“Merger” shall have the meaning set forth in the Recitals. 

“Merger Agreement” shall have the meaning set forth in the Recitals. 

“Merger Sub” shall have the meaning set forth in the Recitals. 

“NASDAQ” shall mean the NASDAQ Stock Market. 

“NOLs” shall have the meaning set forth in the Recitals. 

“NYSE” shall have the meaning set forth in the Recitals. 

“Parent” shall have the meaning set forth in the Recitals. 

“Payment Time” shall have the meaning set forth in the Recitals. 

“Person” shall mean any individual, firm, partnership, limited liability company, trust, association, limited liability partnership,
corporation or other “entity” within the meaning of Treasury Regulation Section 1.382-3(a)(1)(i) and shall include any successor (by merger or otherwise) of any such entity. 

“Plan” shall have the meaning set forth in the Preamble. 

  
 -5- 

 “Preferred Stock” shall mean the series of Preferred Stock, no par value, of the
Company created by a Certificate of Designation and Terms in substantially the form set forth in Exhibit B hereto appropriately completed. 

“Record Time” shall have the meaning set forth in the Recitals. 

“Redemption Price” shall mean an amount equal to $0.001. 

“Redemption Time” shall mean the time at which the right to exercise the Rights shall terminate pursuant to Section 5.1. 

“Right” shall have the meaning set forth in the Recitals. 

“Rights Agent” shall have the meaning set forth in the Preamble. 

“Rights Certificate” shall have the meaning set forth in Section 2.3(c). 

“Rights Register” shall have the meaning set forth in Section 2.7(a). 

“Separation Time” shall mean the next Business Day following the earlier of (i) the tenth Business Day (or such later date as
the Board of Directors may from time to time fix by resolution adopted prior to the Separation Time that otherwise would have occurred) after the date on which any Person commences a tender or exchange offer that, if consummated, would result in
such Person’s becoming an Acquiring Person and (ii) the date of the first event causing a Flip-in Date to occur; provided, that if the foregoing results in the Separation Time being prior to
the Record Time, the Separation Time shall be the Record Time and provided, further, that if any tender or exchange offer referenced in clause (i) of this paragraph is cancelled, terminated or otherwise withdrawn prior to
the Separation Time without the purchase of any shares of Common Stock pursuant thereto, such offer shall be deemed, for purposes of this paragraph, never to have been made. 

“Stock Acquisition Date” shall mean the first date on which there shall be a public announcement (which, for purposes of this
definition, shall include a report filed or amended pursuant to Section 13(d) or 13(g) of the Exchange Act) by the Company or any Acquiring Person (by any means) that a Person has become an Acquiring Person. Notwithstanding anything in this Plan to
the contrary, a “Stock Acquisition Date” shall not be deemed to have occurred solely as the result of the execution or performance of the Merger Agreement or the Voting Agreements, or the consummation of the transactions contemplated
thereby. 
 “Subsidiary” of any specified Person shall mean any corporation or other entity of which a majority of the voting
power of the equity securities or a majority of the equity or membership interest is Beneficially Owned, directly or indirectly, by such Person. 

  
 -6- 

 “Trading Day,” when used with respect to any securities, shall mean a day on which the
NYSE is open for the transaction of business or, if such securities are not listed or admitted to trading on the NYSE, a day on which the principal national securities exchange on which such securities are listed or admitted to trading is open for
the transaction of business or, if such securities are not listed or admitted to trading on any national securities exchange, a Business Day. 

“Trading Regulation” shall have the meaning set forth in Section 2.3(c). 

“Trust” shall have the meaning set forth in Section 3.1(c). 

“Trust Agreement” shall have the meaning set forth in Section 3.1(c). 

“Vice President,” when used with respect to the Company, means any vice president, whether or not designated by a number or a word
or words added before or after the title “vice president.” 
 “Voting Agreement” shall have the meaning set forth in the
Merger Agreement. 
 ARTICLE II 

THE RIGHTS 
 2.1 Summary of
Rights. As soon as practicable after the Record Time, the Company will mail a letter summarizing the terms of the Rights to each holder of record of Common Stock as of the Record Time, at such holder’s address as shown by the records of the
Company. 
 2.2 Legend. Certificates for the Common Stock or, if a certificate has not been issued, the registration of the Common
Stock on the stock transfer books of the Company, shall evidence one Right for each share of Common Stock represented thereby and the Company shall mail to every Person that acquires Common Stock after the Payment Time either certificates for such
Common Stock or a confirmation of the registration of such Common Stock on the stock transfer books of the Company, which certificates or confirmation shall have impressed on, printed on, written on or otherwise affixed to them the following legend:

 Until the Separation Time (as defined in the Plan referred to below), this also evidences and entitles the holder hereof to certain Rights
as set forth in a Tax Asset Protection Plan, dated as of January 26, 2017 (as such may be amended from time to time, the “Plan”), between Stonegate Mortgage Corporation (the “Company”) and Broadridge Corporate Issuer
Solutions, Inc., as Rights Agent, the terms of which are hereby incorporated herein by reference and a copy of which is on file at the principal executive offices of the Company. Under certain circumstances, as set forth in the Plan, such Rights may
be redeemed, may 

  
 -7- 

 
become exercisable for securities or assets of the Company, may be exchanged for shares of Common Stock or other securities or assets of the Company, may expire, may become null and void
(including if they are “Beneficially Owned” by an “Acquiring Person” or an “Affiliate” thereof, as such terms are defined in the Plan, or by any transferee of any of the foregoing) or may be evidenced by separate
certificates and may no longer be evidenced by this certificate. The Company will mail or arrange for the mailing of a copy of the Plan to the holder hereof without charge after the receipt of a written request therefor. 

Certificates representing shares of Common Stock that are issued and outstanding at the Payment Time (or the registration of the Common Stock
in the stock transfer books with respect to uncertificated shares) shall, together with the letter mailed pursuant to Section 2.1, evidence one Right for each share of Common Stock evidenced thereby notwithstanding the absence of the foregoing
legend. The Company shall mail or arrange for the mailing of a copy of this Plan to any Person that holds Common Stock, as evidenced by the registration of the Common Stock in the name of such Person on the stock transfer books of the Company,
without charge, after the receipt of a written request therefor. 
 2.3 Exercise of Rights; Separation of Rights. (a) Subject to
Sections 3.1, 5.1 and 5.9 and subject to adjustment as herein set forth, each Right will entitle the holder thereof, at or after the Separation Time and prior to the Expiration Time, to purchase, for the Exercise Price, one-ten-thousandth of a share of Preferred Stock. 
 (b) Until the
Separation Time, (i) no Right may be exercised and (ii) each Right will be evidenced by the certificate for the associated share of Common Stock (or if the Common Stock shall be uncertificated, by the registration of the associated Common
Stock on the stock transfer books of the Company and any confirmation thereof provided for in Section 2.2), together, in the case of Common Stock issued and outstanding at the Payment Time, with the letter mailed to the record holder thereof
pursuant to Section 2.1, and will be transferable only together with, and will be transferred by a transfer (whether with or without such letter or confirmation) of, such associated share. 

(c) Subject to the terms and conditions hereof, at or after the Separation Time and prior to the Expiration Time, (i) the Rights may be
exercised pursuant to Section 2.3(d) below, (ii) the Rights may be transferred independent of shares of Common Stock and (iii) the Rights Agent will mail to each holder of record of Common Stock (provided that the Board of Directors has
not elected to exchange all of the then outstanding Rights pursuant to Section 3.1(c)) as of the Separation Time (other than any Person whose Rights have become null and void pursuant to Section 3.1(b)), at such holder’s address as shown by the
records of the Company (the Company hereby agreeing to furnish copies of such records to the Rights Agent for this purpose), (x) a certificate (a “Rights Certificate”) in substantially the form of Exhibit A hereto appropriately
completed, representing the number of Rights held by such holder at the 

  
 -8- 

 
Separation Time and having such marks of identification or designation and such legends, summaries or endorsements printed thereon as the Company may deem appropriate and as are not inconsistent
with the provisions of this Plan, or as may be required to comply with any law, rule or regulation or with any rule or regulation of any national securities exchange or quotation system on which the Rights may from time to time be listed or traded
(“Trading Regulation”), or to conform to usage, and (y) a disclosure statement describing the Rights. Receipt of a Rights Certificate by any Person shall not preclude a later determination that such Rights are null and void pursuant
to Section 3.1(b). The Company may implement such procedures as it deems appropriate, in its sole discretion, to minimize the possibility that Rights are received by Persons with respect to whom Rights would be null and void under Section 3.1(b).

 (d) Subject to the terms and conditions hereof, Rights may be exercised on any Business Day at or after the Separation Time and prior to
the Expiration Time by submitting to the Rights Agent the Rights Certificate evidencing such Rights with an Election to Exercise (an “Election to Exercise”) substantially in the form attached to the Rights Certificate duly executed and
properly completed, accompanied by payment in cash, or by certified or official bank check or money order payable to the order of the Company, of a sum equal to the Exercise Price multiplied by the number of Rights being exercised and a sum
sufficient to cover any transfer tax or charge that may be payable in respect of any transfer involved in the transfer or delivery of Rights Certificates or the issuance or delivery of certificates (or, if uncertificated, the registration on the
stock transfer books of the Company) for shares or depositary receipts (or both) in a name other than that of the holder of the Rights being exercised. 

(e) Upon receipt of a Rights Certificate, with an Election to Exercise accompanied by payment as set forth in Section 2.3(d), and subject
to the terms and conditions hereof, the Rights Agent will thereupon promptly (i)(A) requisition from a transfer agent stock certificates evidencing such number of shares or other securities to be purchased or, in the case of uncertificated shares or
other securities, requisition from a transfer agent a notice setting forth such number of shares or other securities to be purchased for which registration will be made on the stock transfer books of the Company (the Company hereby irrevocably
authorizing its transfer agents to comply with all such requisitions), and (B) if the Company elects pursuant to Section 5.6 not to issue certificates (or effect registrations on the stock transfer books of the Company) representing
fractional shares, requisition from the depositary selected by the Company depositary receipts representing the fractional shares to be purchased (the Company hereby irrevocable authorizes each such depositary agent to comply with such requisitions)
or, when necessary to comply with this Plan, requisition from the Company the amount of cash to be paid in lieu of fractional shares in accordance with Section 5.6 and (ii) after receipt of such certificates, depositary receipts, notices
and/or cash, deliver the same to or upon the order of the registered holder of such Rights Certificate, registered (in the case of certificates, depositary receipts or notices) in such name or names as may be designated by such holder. 

  
 -9- 

 (f) In case the holder of any Rights shall exercise less than all of the Rights evidenced by such
holder’s Rights Certificate, a new Rights Certificate evidencing the Rights remaining unexercised will be issued by the Rights Agent to such holder or to such holder’s duly authorized assigns. 

(g) The Company covenants and agrees that it will (i) take all such action as may be necessary to ensure that all shares delivered (or
evidenced by registration on the stock transfer books of the Company) upon exercise of Rights shall, at the time of delivery of the certificates (or registration) for such shares (subject to payment of the Exercise Price), be duly and validly
authorized, executed, issued and delivered (or registered) and fully paid and nonassessable; (ii) take all such action as may be necessary to comply with any applicable requirements of the Securities Act of 1933, as amended from time to time,
or the Exchange Act, and the rules and regulations thereunder, and any other applicable law, rule or regulation, in connection with the issuance of any shares upon exercise of Rights; and (iii) pay when due and payable any and all federal and
state transfer taxes and charges that may be payable in respect of the original issuance or delivery of the Rights Certificates or of any shares issued upon the exercise of Rights, provided, that the Company shall not be required to pay any
transfer tax or charge that may be payable in respect of any transfer involved in the transfer or delivery of Rights Certificates or the issuance or delivery of certificates (or the registration) for shares in a name other than that of the holder of
the Rights being transferred or exercised. 
 (h) Notwithstanding anything in this Plan to the contrary, neither the Rights Agent nor the
Company shall be obligated to undertake any action with respect to the exercise or assignment of a Rights Certificate unless the registered holder of such Rights Certificate shall have (i) properly completed and duly signed the certificate
following the form of assignment or the form of election to exercise, as applicable, set forth on the reverse side of the Rights Certificate surrendered for such exercise or assignment, (ii) provided such additional evidence of the identity of
the Beneficial Owner (or former Beneficial Owner) thereof and of the Rights evidenced thereby, and the Affiliates of such Beneficial Owner or former Beneficial Owner, as the Company or the Rights Agent may reasonably request and (iii) paid a
sum sufficient to cover any tax or charge that may be imposed as required under Section 2.3(d). 
 (i) Notwithstanding anything in this Plan
to the contrary, nothing in this Plan shall be construed to give any holder of Rights or any other Person any legal or equitable rights, remedies or claims under this Plan by virtue of the execution and performance of the Merger Agreement or the
Voting Agreements or by virtue of the Merger or any of the other transactions contemplated by the Merger Agreement or the Voting Agreements, including without limitation the consummation thereof. 

2.4 Adjustments to Exercise Price; Number of Rights. (a) In the event the Company shall at any time after the Record Time and
prior to the Separation Time (i) declare or pay a dividend on Common Stock payable in Common Stock, (ii) subdivide the outstanding Common Stock or (iii) combine the outstanding Common Stock into a

  
 -10- 

 
smaller number of shares of Common Stock, (x) the Exercise Price in effect after such adjustment will be equal to the Exercise Price in effect immediately prior to such adjustment divided by
the number of shares of Common Stock including any fractional shares in lieu of which such holder received cash (the “Expansion Factor”) that a holder of one share of Common Stock immediately prior to such dividend, subdivision or
combination would hold thereafter as a result thereof and (y) each Right held prior to such adjustment will become that number of Rights equal to the Expansion Factor, and the adjusted number of Rights will be deemed to be distributed among the
shares of Common Stock with respect to which the original Rights were associated (if they remain outstanding) and the shares issued in respect of such dividend, subdivision or combination, so that each such share of Common Stock will have exactly
one Right associated with it. Each adjustment made pursuant to this paragraph shall be made as of the payment or effective date for the applicable dividend, subdivision or combination. 

In the event that the Company shall at any time after the Record Time and prior to the Separation Time issue any shares of Common Stock
otherwise than in a transaction referenced in the preceding paragraph, each such share of Common Stock so issued shall automatically have one new Right associated with it, which Right shall be evidenced by the certificate representing such share
(or, if the Common Stock shall be uncertificated, such Right shall be evidenced by the registration of such Common Stock on the stock transfer books of the Company and the confirmation thereof provided for in Section 2.2). Rights shall be
issued by the Company in respect of shares of Common Stock that are issued or sold by the Company after the Separation Time only to the extent provided in Section 5.4. 

(b) In the event that the Company shall at any time after the Record Time and prior to the Separation Time issue or distribute any securities
or assets in respect of, in lieu of or in exchange for Common Stock (other than pursuant to any non-extraordinary periodic cash dividend or a dividend paid solely in Common Stock) whether by dividend, in a
reclassification or recapitalization (including any such transaction involving a merger, consolidation or statutory share exchange, other than the Merger), or otherwise, the Company shall make such adjustments, if any, in the Exercise Price, number
of Rights and/or securities or other property purchasable upon exercise of Rights as the Board of Directors, in its sole discretion, may deem to be appropriate under the circumstances, and the Company and the Rights Agent shall amend this Plan as
necessary to provide for such adjustments. 
 (c) Each adjustment to the Exercise Price made pursuant to this Section 2.4 shall be
calculated to the nearest one hundredth of a cent. Whenever an adjustment to the Exercise Price is made pursuant to this Section 2.4, the Company shall (i) promptly prepare a certificate setting forth such adjustment and a brief statement
of the facts accounting for such adjustment and (ii) promptly file with the Rights Agent and with each transfer agent for the Common Stock a copy of such certificate. 

(d) Rights Certificates shall represent the right to purchase the securities purchasable under the terms of this Plan, including any
adjustment or change in the securities purchasable upon exercise of the Rights, even though such certificates may continue to express the securities purchasable at the time of issuance of the initial Rights Certificates. 

  
 -11- 

 2.5 Date on Which Exercise is Effective. Each Person in whose name any certificate for
shares is issued (or registration on the stock transfer books is effected) upon the exercise of Rights shall for all purposes be deemed to have become the holder of record of the shares represented thereby at the Close of Business on the Business
Day upon which the Rights Certificate evidencing such Rights was duly surrendered and payment of the Exercise Price for such Rights (and any applicable taxes and other governmental charges payable by the exercising holder hereunder) was made;
provided, however, that if the date of such surrender and payment is a date upon which the stock transfer books of the Company are closed, such Person shall be deemed to have become the record holder of such shares on, and such
certificate (or registration) shall be dated, the next succeeding Business Day on which the stock transfer books of the Company are open. 

2.6 Execution, Authentication, Delivery and Dating of Rights Certificates. (a) The Rights Certificates shall be executed on behalf
of the Company by its Chief Executive Officer or one of its Vice Presidents and by its Secretary or one of its Assistant Secretaries. The signature of any of these officers on the Rights Certificates may be manual or facsimile; provided, that
in the case of a facsimile signature, the Rights Certificate shall be countersigned by the Rights Agent as Rights Registrar. 
 Rights
Certificates bearing the manual or facsimile signatures of individuals who were at any time the proper officers of the Company shall bind the Company, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the
countersignature and delivery of such Rights Certificates. 
 Promptly after the Separation Time, the Company will notify the Rights Agent
of such Separation Time and will deliver Rights Certificates executed by the Company to the Rights Agent for countersignature, and, subject to Section 3.1(b), the Rights Agent shall manually countersign and deliver such Rights Certificates to the
holders of the Rights pursuant to Section 2.3(c). No Rights Certificate shall be valid for any purpose unless manually or by facsimile countersigned by the Rights Agent. 

(b) Each Rights Certificate shall be dated the date of countersignature thereof. 

2.7 Registration, Registration of Transfer and Exchange. (a) After the Separation Time, the Company will cause to be kept a
register (the “Rights Register”) in which, subject to such reasonable regulations as it may prescribe, the Company will provide for the registration and transfer of Rights. The Rights Agent is hereby appointed

  
 -12- 

 
“Rights Registrar” for the purpose of maintaining the Rights Register for the Company and registering Rights and transfers of Rights after the Separation Time as herein provided. In the
event that the Rights Agent shall cease to be the Rights Registrar, the Rights Agent will have the right to examine the Rights Register at all reasonable times after the Separation Time. 

After the Separation Time and prior to the Expiration Time, upon surrender for registration of transfer or exchange of any Rights Certificate,
and subject to the provisions of Sections 2.7(c) and (d), the Company will execute, and the Rights Agent will countersign and deliver, in the name of the holder or the designated transferee or transferees, as required pursuant to the
holder’s instructions, one or more new Rights Certificates evidencing the same aggregate number of Rights as did the Rights Certificate so surrendered. 

(b) Except as otherwise provided in Section 3.1(b), all Rights issued upon any registration of transfer or exchange of Rights Certificates
shall be the valid obligations of the Company, and such Rights shall be entitled to the same benefits under this Plan as the Rights surrendered upon such registration of transfer or exchange. 

(c) Every Rights Certificate surrendered for registration of transfer or exchange shall be duly endorsed, or be accompanied by a written
instrument of transfer in form satisfactory to the Company or the Rights Agent, as the case may be, duly executed by the holder thereof or such holder’s attorney duly authorized in writing. As a condition to the issuance of any new Rights
Certificate under this Section 2.7, the Company may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto. 

(d) The Company shall not register the transfer or exchange of any Rights that have become null and void under Section 3.1(b), been
exchanged under Section 3.1(c) or been redeemed under Section 5.1. 
 2.8 Mutilated, Destroyed, Lost and Stolen Rights
Certificates. (a) If any mutilated Rights Certificate is surrendered to the Rights Agent prior to the Expiration Time, then, subject to Sections 3.1(b), 3.1(c) and 5.1, the Company shall execute and the Rights Agent shall countersign and
deliver in exchange therefor a new Rights Certificate evidencing the same number of Rights as did the Rights Certificate so surrendered. 

(b) If there shall be delivered to the Company and the Rights Agent prior to the Expiration Time (i) evidence to their satisfaction of
the destruction, loss or theft of any Rights Certificate and (ii) such security or indemnity as may be required by them to save each of them and any of their agents harmless, then, subject to Sections 3.1(b), 3.1(c) and 5.1 and in the absence
of notice to the Company or the Rights Agent that such Rights Certificate has been acquired by a bona fide purchaser, the Company shall execute and upon its request the Rights Agent shall countersign and deliver, in lieu of any such
destroyed, lost or stolen Rights Certificate, a new Rights Certificate evidencing the same number of Rights as did the Rights Certificate so destroyed, lost or stolen. 

  
 -13- 

 (c) As a condition to the issuance of any new Rights Certificate under this Section 2.8, the
Company may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Rights Agent) connected therewith. 

(d) Every new Rights Certificate issued pursuant to this Section 2.8 in lieu of any destroyed, lost or stolen Rights Certificate shall
evidence an original additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Rights Certificate shall be at any time enforceable by anyone, and, subject to Section 3.1(b) shall be entitled to all the benefits
of this Plan equally and proportionately with any and all other Rights duly issued hereunder. 
 2.9 Persons Deemed Owners. Prior to
due presentment of a Rights Certificate (or, prior to the Separation Time, the associated Common Stock certificate or confirmation of registration, if uncertificated), the Company, the Rights Agent and any agent of the Company or the Rights Agent
may deem and treat the Person in whose name such Rights Certificate (or, prior to the Separation Time, such Common Stock certificate or confirmation, if uncertificated) is registered as the absolute owner thereof and of the Rights evidenced thereby
for all purposes whatsoever, including the payment of the Redemption Price, and neither the Company nor the Rights Agent shall be affected by any notice to the contrary. As used in this Plan, unless the context otherwise requires, the term
“holder” of any Rights shall mean the registered holder of such Rights (or, prior to the Separation Time, the associated shares of Common Stock). 

2.10 Delivery and Cancellation of Certificates. All Rights Certificates surrendered upon exercise or for registration of transfer or
exchange shall, if surrendered to any Person other than the Rights Agent, be delivered to the Rights Agent and, in any case, shall be promptly cancelled by the Rights Agent. The Company may at any time deliver to the Rights Agent for cancellation
any Rights Certificates previously countersigned and delivered hereunder that the Company may have acquired in any manner whatsoever, and all Rights Certificates so delivered shall be promptly cancelled by the Rights Agent. No Rights Certificates
shall be countersigned in lieu of or in exchange for any Rights Certificates cancelled as provided in this Section 2.10. Subject to applicable law and regulation, the Rights Agent shall maintain in a retrievable database electronic records of
all cancelled or destroyed stock certificates which have been cancelled or destroyed by the Rights Agent. The Rights Agent shall maintain such electronic records for the time period required by applicable law and regulation. Upon written request of
the Company (and at the expense of the Company), the Rights Agent shall provide to the Company or its designee copies of such electronic records relating to rights certificates cancelled or destroyed by the Rights Agent. 

  
 -14- 

 2.11 Agreement of Rights Holders. Every holder of Rights by accepting the same consents
and agrees with the Company and the Rights Agent and with every other holder of Rights that: 
 (a) prior to the Separation Time, each Right
will be transferable only together with, and will be transferred by a transfer of, the associated share of Common Stock; 
 (b) after the
Separation Time, the Rights Certificates will be transferable only on the Rights Register as provided herein; 
 (c) prior to due
presentment of a Rights Certificate (or, prior to the Separation Time, the associated Common Stock certificate or Common Stock of registration, if uncertificated) for registration of transfer, the Company, the Rights Agent and any agent of the
Company or the Rights Agent may deem and treat the Person in whose name the Rights Certificate (or, prior to the Separation Time, the associated Common Stock certificate or Common Stock registration, if uncertificated) is registered as the absolute
owner thereof and of the Rights evidenced thereby for all purposes whatsoever, and neither the Company nor the Rights Agent shall be affected by any notice to the contrary; 

(d) Rights Beneficially Owned by certain Persons will, under the circumstances set forth in Section 3.1(b), become null and void; 

(e) this Plan may be supplemented or amended from time to time in accordance with its terms; 

(f) the Board of Directors shall have the exclusive power and authority delegated to it pursuant to Section 5.14; and 

(g) notwithstanding anything in this Plan to the contrary, neither the Company nor the Rights Agent shall have any liability to any holder of
a Right or other Person as a result of its inability to perform any of its obligations under this Plan by reason of any preliminary or permanent injunction or other, decree or ruling issued by a court of competent jurisdiction or by a governmental,
regulatory or administrative agency commission, or any statute, rule regulation or execution order promulgated or enacted by any governmental authority, prohibiting or otherwise restraining performance of such obligation. 

ARTICLE III 
 ADJUSTMENTS TO THE
RIGHTS IN 
 THE EVENT OF CERTAIN TRANSACTIONS 

3.1 Flip-in. (a) In the event that prior to the Expiration Time a Flip-in Date shall occur, except as otherwise provided in this Section 3.1, each Right shall 

  
 -15- 

 
constitute the right to purchase from the Company, upon exercise thereof in accordance with the terms hereof (but subject to Section 5.9), that number of shares of Common Stock having an
aggregate Market Price on the Stock Acquisition Date that gave rise to the Flip-in Date equal to twice the Exercise Price for an amount in cash equal to the Exercise Price (such right to be appropriately
adjusted in order to protect the interests of the holders of Rights generally in the event that on or after such Stock Acquisition Date any of the events described in Section 2.4(a) or (b), or any analogous event, shall have occurred with
respect to the Common Stock); provided, however, that in connection with any exercise effected pursuant to this Section 3.1(a), no holder of Rights shall be entitled to receive Common Stock (or other shares of capital stock of the
Company) that would result in such holder, together with such holder’s Affiliates, becoming the Beneficial Owner of more than 4.9% of the then-outstanding Common Stock. If a holder would, but for the previous sentence, be entitled to receive a
number of shares that would otherwise result in such holder, together with such holder’s Affiliates, becoming the Beneficial Owner of in excess of 4.9% of the then-outstanding Common Stock (such shares, the “Excess Shares”), then in
lieu of receiving such Excess Shares and to the extent permitted by law or orders applicable to the Company, such holder will only be entitled to receive an amount in cash or, at the election of the Company, a note or other evidence of indebtedness
maturing within nine months with a principal amount, equal to the per share Market Price of a share of Common Stock at the Close of Business on the Trading Day following the date of exercise multiplied by the number of Excess Shares that would
otherwise have been issuable to such holder. 
 (b) Notwithstanding the foregoing, any Rights that are Beneficially Owned on the Stock
Acquisition Date or as to which Beneficial Ownership is acquired thereafter by an Acquiring Person or an Affiliate thereof shall become null and void and any holder of such Rights (including transferees, whether direct or indirect, of any such
Persons) shall thereafter have no right to exercise or transfer such Rights. If any Rights Certificate is presented for assignment or exercise and the Person presenting the same will not complete the certification set forth at the end of the form of
assignment or notice of Election to Exercise or, if requested, will not provide such additional evidence, including, without limitation, the identity of the Beneficial Owners and their Affiliates (or former Beneficial Owners and their Affiliates) as
the Company or the Board of Directors shall reasonably request in order to determine if such Rights are null and void, then the Company shall be entitled conclusively to deem the Rights to be Beneficially Owned by an Acquiring Person or an Affiliate
thereof or a transferee of any of the foregoing and accordingly deem the Rights evidenced thereby to be null and void and not transferable, exercisable or exchangeable. 

(c) The Board of Directors may, at its option, at any time after a Flip-in Date and to the extent
permitted by law, elect to exchange all (but not less than all) of the then outstanding Rights (which shall not include Rights that have become null and void pursuant to the provisions of Section 3.1(b)) for shares of Common Stock at an
exchange ratio of one share of Common Stock per Right, appropriately adjusted in the event that after the Separation Time any of the events described in Section 2.4(a) or (b), 

  
 -16- 

 
or any analogous event, shall have occurred with respect to the Common Stock (such exchange ratio, as adjusted from time to time, being hereinafter referred to as the “Exchange Ratio”).

 Immediately upon the action of the Board of Directors electing to exchange the Rights, without any further action and without any notice,
the right to exercise the Rights will terminate and each Right (other than Rights that have become null and void pursuant to Section 3.1(b)), whether or not previously exercised, will thereafter represent only the right to receive a number of shares
of Common Stock equal to the Exchange Ratio; provided, however, that in connection with any exchange effected pursuant to this Section 3.1(c), no holder of Rights shall be entitled to receive Common Stock (or other shares of
capital stock of the Company) that would result in such holder, together with such holder’s Affiliates, becoming the Beneficial Owner of more than 4.9% of the then-outstanding Common Stock. If a holder would, but for the previous sentence, be
entitled to receive Excess Shares, in lieu of receiving such Excess Shares and to the extent permitted by law or orders applicable to the Company, such holder will only be entitled to receive an amount in cash or, at the election of the Company, a
note or other evidence of indebtedness maturing within nine months with a principal amount, equal to the per share Market Price of a share of Common Stock at the Close of Business on the Trading Day following the date the Board of Directors effects
the forgoing exchange multiplied by the number of Excess Shares that would otherwise have been issuable to such holder. The exchange of the Rights by the Board of Directors may be made effective at such time, on such basis and with such conditions
as the Board of Directors in its sole discretion may establish. Promptly after the action of the Board of Directors electing to exchange the Rights, the Company shall give notice thereof (specifying the steps to be taken to receive shares of Common
Stock in exchange for Rights) to the Rights Agent and the holders of the Rights (other than Rights that have become null and void pursuant to Section 3.1(b)) outstanding immediately prior thereto by mailing such notice in accordance with
Section 5.8. Before effecting an exchange pursuant to this Section 3.1(c), the Board of Directors may direct the Company to enter into a Trust Agreement in such form and with such terms as the Board of Directors shall then approve (the
“Trust Agreement”). If the Board of Directors so directs, the Company shall enter into the Trust Agreement and shall issue to the trust created by such agreement (the “Trust”), which Trust shall act as the agent of the Company,
all or some (as designated by the Board of Directors) of the shares of Common Stock (or other securities) issuable pursuant to the exchange, and all or some (as designated by the Board of Directors) holders of Rights entitled to receive shares
pursuant to the exchange shall be entitled to receive such shares (and any dividends paid or distributions made thereon after the date on which such shares are deposited in the Trust) only from the Trust and solely upon compliance with the relevant
terms and provisions of the Trust Agreement. Prior to effecting an exchange and registering shares of Common Stock (or other such securities) in any Person’s name, including any nominee or transferee of a Person, the Company may require (or
cause the trustee of the Trust to require), as a condition thereof, that any holder of Rights provide evidence, including, without limitation, the identity of the Beneficial Owners thereof and their Affiliates (or former Beneficial Owners thereof
and 

  
 -17- 

 
their Affiliates) as the Company shall reasonably request in order to determine if such Rights are null and void. If any Person shall fail to comply with such request, the Company shall be
entitled conclusively to deem the Rights formerly held by such Person to be null and void pursuant to Section 3.1(b) and not transferable or exercisable or exchangeable in connection herewith. Any shares of Common Stock or other securities issued at
the direction of the Board of Directors in connection herewith shall be validly issued, fully paid and nonassessable shares of Common Stock or of such other securities (as the case may be), and the Company shall be deemed to have received as
consideration for such issuance a benefit having a value that is at least equal to the aggregate par value of the shares so issued. Approval by the Board of Directors of the exchange shall constitute a determination by the Board of Directors that
such consideration is adequate. 
 Each Person in whose name any registration on the stock transfer books of the Company is made upon the
exchange of Rights pursuant to this Section 3.1(c) or Section 3.1(d) shall for all purposes be deemed to have become the holder of record of the shares represented thereby on, and such registration on the stock transfer books of the Company shall be
registered as of, the Close of Business on the date upon which the Rights Certificate evidencing such Rights was duly exchanged or deemed exchanged by the Company and payment of any applicable taxes and other governmental charges payable by the
holder was made; provided, however, that if the date of such exchange and payment is a date upon which the stock transfer books of the Company are closed, such Person shall be deemed to have become the record holder of such shares on,
and such registration on the stock transfer books of the Company shall be registered as of, the next succeeding Business Day on which the stock transfer books of the Company are open. 

(d) Whenever the Company shall become obligated under Section 3.1(a) or (c) to issue shares of Common Stock upon exercise of or in
exchange for Rights, the Company, as determined by the Board of Directors, may substitute therefor shares of Preferred Stock, at a ratio of one ten-thousandth of a share of Preferred Stock for each share of
Common Stock so issuable, subject to adjustment. 
 (e) In the event that there shall not be sufficient treasury shares or authorized but
unissued shares of Common Stock or Preferred Stock of the Company to permit the exercise in full of the Rights in accordance with Section 3.1(a) or if the Company so elects to make the exchange referenced in Section 3.1(c), to permit the
issuance of all shares pursuant to the exchange, the Company shall either (i) call a meeting of stockholders seeking approval to cause sufficient additional shares to be authorized (provided that if such approval is not obtained the Company
will take the action specified in clause (ii) of this sentence) or (ii) take such action as shall be or necessary to ensure and provide, as and when and to the maximum extent permitted by applicable law and any agreements or instruments in
effect on the Stock Acquisition Date (and remaining in effect) to which it is a party, that each Right shall thereafter constitute the right to receive, (x) in the case of any exercise in accordance with Section 3.1(a), at the Company’s
option, either (A) in return for the Exercise Price, debt or equity securities 

  
 -18- 

 
or other assets (or a combination thereof) having a fair value equal to twice the Exercise Price, or (B) without payment of consideration (except as may be required for the valid issuance of
securities or otherwise required by applicable law), debt or equity securities or other assets (or a combination thereof) having a fair value equal to the Exercise Price, or (y) in the case of an exchange of Rights in accordance with Section
3.1(c), debt or equity securities or other assets (or a combination thereof) having a fair value equal to the product of the Market Price of a share of Common Stock on the Flip-in Date times the Exchange Ratio
in effect on the Flip-in Date, where in any case set forth in (x) or (y) above the fair value of such debt or equity securities or other assets shall be as determined in good faith by the Board of
Directors, after consultation with a nationally recognized investment banking firm. 
 (f) The Company may, but shall not be required to,
make such changes in the Exercise Price, in addition to those required by Section 3.1(a), as the Board of Directors considers to be advisable in order to avoid or diminish any income tax to any holders of shares of Common Stock resulting from any
dividend or distribution of stock or issuance of rights or warrants to purchase or subscribe for stock or from any event treated as such for income tax purposes or for any other reason. 

ARTICLE IV 
 THE RIGHTS AGENT 

4.1 General. (a) The Company hereby appoints the Rights Agent to act as agent for the Company in accordance with the terms and
conditions hereof, and the Rights Agent hereby accepts such appointment. The Company agrees to pay to the Rights Agent reasonable compensation for all services rendered by it hereunder and, from time to time, on demand of the Rights Agent, its
reasonable expenses and counsel fees and other disbursements incurred in the administration and execution of this Plan and the exercise and performance of its duties hereunder. The Company also agrees to indemnify the Rights Agent, its employees,
officers or directors for, and to hold each of the foregoing harmless against, any loss, liability, damage, demand, judgment, fine, penalty, claim, settlement, cost or expense, incurred without negligence, bad faith or willful misconduct on the part
of the Rights Agent (or its employees, officers or directors), for anything done or omitted to be done by the Rights Agent (or its employees, officers or directors) in connection with the acceptance and administration of this Plan, including the
costs and expenses of defending against any claim of liability, directly or indirectly, or enforcing its rights hereunder. 
 (b) The Rights
Agent shall be protected and shall incur no liability to any Person for or in respect of any action taken, suffered or omitted by it in connection with its administration of this Plan in reliance upon any certificate for securities (or registration
on the stock transfer books of the Company) purchasable upon exercise of Rights, Rights Certificate, certificate for other securities of the Company, instrument of assignment or transfer, power of attorney, endorsement, affidavit, letter, notice,
direction, 

  
 -19- 

 
consent, certificate, statement, or other paper or document believed by it to be genuine and to be signed, executed and, where necessary, verified or acknowledged, by the proper Person or Persons
and the Rights Agent shall have no duty to independently verify the accuracy, completeness or validity of such instrument. 
 4.2 Merger
or Consolidation or Change of Name of Rights Agent. (a) Any Person into which the Rights Agent or any successor Rights Agent may be merged or with which it may be consolidated, or any Person resulting from any merger or consolidation to which
the Rights Agent or any successor Rights Agent is a party, or any Person succeeding to the shareholder services business of the Rights Agent or any successor Rights Agent, will be the successor to the Rights Agent under this Plan without the
execution or filing of any paper or any further act on the part of any of the parties hereto, provided that such Person would be eligible for appointment as a successor Rights Agent under the provisions of Section 4.4. In case at the time such
successor Rights Agent succeeds to the agency created by this Plan any of the Rights Certificates have been countersigned but not delivered, any such successor Rights Agent may adopt the countersignature of the predecessor Rights Agent and deliver
such Rights Certificates so countersigned; and in case at that time any of the Rights Certificates have not been countersigned, any successor Rights Agent may countersign such Rights Certificates either in the name of the predecessor Rights Agent or
in the name of the successor Rights Agent; and in all such cases such Rights Certificates will be valid for all purposes under this Plan and have the full force provided in the Rights Certificates and in this Plan. 

(b) In case at any time the name of the Rights Agent is changed and at such time any of the Rights Certificates shall have been countersigned
but not delivered, the Rights Agent may adopt the countersignature under its prior name and deliver Rights Certificates so countersigned; and in case at that time any of the Rights Certificates shall not have been countersigned, the Rights Agent may
countersign such Rights Certificates either in its prior name or in its changed name; and in all such cases such Rights Certificates will be valid for all purposes under this Plan and have the full force provided in the Rights Certificates and in
this Plan. 
 4.3 Duties of Rights Agent. The Rights Agent undertakes the duties and obligations imposed by this Plan upon the
following terms and conditions, by all of which the Company and the holders of Rights Certificates, by their acceptance thereof, shall be bound: 

(a) The Rights Agent may consult with legal counsel (who may be legal counsel for the Company), and the opinion of such counsel will be full
and complete authorization and protection to the Rights Agent as to any action taken or omitted by it in good faith and in accordance with such opinion. 

(b) Whenever in the performance of its duties under this Plan the Rights Agent deems it necessary or desirable that any fact or matter be
proved or established by the Company prior to taking or suffering any action hereunder, such fact 

  
 -20- 

 
or matter (unless other evidence in respect thereof be herein specifically prescribed) may be deemed to be conclusively proved and established by a certificate signed by a person believed by the
Rights Agent to be the Chief Executive Officer or any Vice President or by the Chief Financial Officer or the Secretary or any Assistant Secretary of the Company and delivered to the Rights Agent; and such certificate will be full authorization to
the Rights Agent for any action taken or suffered in good faith by it under the provisions of this Plan in reliance upon such certificate and the Rights Agent shall have no duty to independently verify the accuracy, completeness or validity of such
certificate. 
 (c) The Rights Agent will not be liable to any Person for any act or omission hereunder by the Rights Agent other than to
the extent such act or omission arises from the gross negligence, bad faith or willful misconduct of the Rights Agent. 
 (d) The Rights
Agent will not be liable to any Person for or by reason of any of the statements of fact or recitals contained in this Plan or in the certificates, if any, for securities purchasable upon exercise of Rights or the Rights Certificates (except its
countersignature thereof) or be required to verify the same, but all such statements and recitals are and will be deemed for all purposes hereunder to have been made by the Company only. 

(e) The Rights Agent will not be under any responsibility in respect of the validity of this Plan or the execution and delivery hereof (except
the due authorization, execution and delivery hereof by the Rights Agent) or in respect of the validity or execution of any certificate, if any, for securities purchasable upon exercise of Rights or Rights Certificate (except its countersignature
thereof); nor will it be responsible for any breach by the Company of any covenant or condition contained in this Plan or in any Rights Certificate; nor will it be responsible for any change in the exercisability or exchangeability of the Rights
(including the Rights becoming null and void pursuant to Section 3.1(b)) or any adjustment required under the provisions of Section 2.4 or 3.1 or responsible for the manner, method or amount of any such adjustment or the ascertaining of
the existence of facts that would require any such adjustment (except with respect to the exercise of Rights after receipt of the certificate contemplated by Section 2.4 describing any such adjustment); nor will it by any act hereunder be
deemed to make any representation or warranty as to the authorization or reservation of any securities purchasable upon exercise of Rights or any Rights or as to whether any securities purchasable upon exercise of Rights will, when issued, be duly
and validly authorized, executed, issued and delivered and fully paid and nonassessable. 
 (f) The Company agrees that it will perform,
execute, acknowledge and deliver or cause to be performed, executed, acknowledged and delivered all such further and other acts, instruments and assurances as may reasonably be required by the Rights Agent for the carrying out or performing by the
Rights Agent of the provisions of this Plan. 

  
 -21- 

 (g) The Rights Agent is hereby authorized and directed to accept instructions with respect to the
performance of its duties hereunder from any person believed by the Rights Agent to be the Chief Executive Officer or any Vice President or the Chief Financial Officer of the Company or the Secretary or any Assistant Secretary, and to apply to such
persons for advice or instructions in connection with its duties, and it shall not be liable for any action taken or suffered by it in good faith in accordance with instructions of any such person and the Rights Agent shall have no duty to
independently verify the accuracy, completeness or validity of such instructions or the authority of any person believed by the Rights Agent to be the Chief Executive Officer or any Vice President or the Chief Financial Officer of the Company or the
Secretary or any Assistant Secretary. 
 (h) The Rights Agent and any affiliate stockholder, director, officer or employee of the Rights
Agent may buy, sell or deal in Common Stock, Rights or other securities of the Company or become pecuniarily interested in any transaction in which the Company may be interested, or contract with or lend money to the Company or otherwise act as
fully and freely as though it were not Rights Agent under this Plan. Nothing herein shall preclude the Rights Agent or any of its affiliates from acting in any other capacity for the Company or for any other Person. 

(i) The Rights Agent may execute and exercise any of the rights or powers hereby vested in it or perform any duty hereunder either itself or
by or through its attorneys or agents, and the Rights Agent will not be answerable or accountable for any act, default, neglect or misconduct of any such attorneys or agents or for any loss to the Company resulting from any such act, default,
neglect or misconduct, provided reasonable care was exercised in the selection and continued employment thereof. 
 (j) Tax
Compliance: 
 (A) The Rights Agent, on its own behalf and on behalf of the Company, will comply with all applicable certification,
information reporting and withholding (including “backup” withholding) requirements imposed by applicable tax laws, regulations or administrative practice with respect to (i) any payments made hereunder and (ii) the issuance,
delivery, holding, transfer, redemption or exercise of Rights, Common Stock or Preferred Stock hereunder. Such compliance shall include, without limitation, the preparation and timely filing of required returns and the timely payment of all amounts
required to be withheld to the appropriate taxing authority or its designated agent. 
 (B) The Rights Agent shall comply in accordance
with the terms hereof with any written direction received from the Company with respect to the execution or certification of any required documentation and the application of such requirements to particular payments or holders or in other particular
circumstances, and may for purposes of this Agreement conclusively rely on any such direction in accordance with Section 4.3(g). 
 (C) The
Rights Agent shall maintain all appropriate records documenting compliance with such requirements, and shall make such records available, on written request, to the Company or its authorized representative within a reasonable period of time after
receipt of such request. 

  
 -22- 

 4.4 Change of Rights Agent. The Rights Agent may resign and be discharged from its duties
under this Plan upon 90 days’ notice (or such lesser notice as is reasonably acceptable to the Company) in writing mailed to the Company and to each transfer agent of Common Stock by registered or certified mail, and to the holders of the
Rights in accordance with Section 5.8. The Company may remove the Rights Agent upon 30 days’ notice in writing, mailed to the Rights Agent and to each transfer agent of the Common Stock by registered or certified mail, and to the
holders of the Rights in accordance with Section 5.8. If the Rights Agent should resign or be removed or otherwise become incapable of acting, the Company will appoint a successor to the Rights Agent. If the Company fails to make such
appointment within a period of 30 days after such removal or the effectiveness of such resignation or after it has been notified in writing of such incapacity by the incapacitated Rights Agent or by the holder of any Rights (which holder shall,
with such notice, submit such holder’s Rights Certificate for inspection by the Company), then the holder of any Rights may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent,
whether appointed by the Company or by such a court, shall be a Person organized and doing business under the laws of the United States or any state of the United States, in good standing, which is authorized under such laws to exercise the powers
of the Rights Agent contemplated by this Plan and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50,000,000. After
appointment, the successor Rights Agent will be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent shall deliver and
transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the
Company will file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Common Stock, and mail a notice thereof in writing to the holders of the Rights. Failure to give any notice provided for in this
Section 4.4, however, or any defect therein, shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be. 

ARTICLE V 
 MISCELLANEOUS 

5.1 Redemption. The Board of Directors may, at its option, at any time, elect to redeem all (but not less than all) the then
outstanding Rights at the Redemption Price and the Company, at its option, may pay the Redemption Price either 

  
 -23- 

 
in cash or shares of Common Stock or other securities of the Company deemed by the Board of Directors, in the exercise of its sole discretion, to be at least equivalent in value to the Redemption
Price. 
 (a) Immediately upon the action of the Board of Directors electing to redeem the Rights (or, if the resolution of the Board of
Directors electing to redeem the Rights states that the redemption will not be effective until the occurrence of a specified future time or event, upon the occurrence of such future time or event), without any further action and without any notice,
the right to exercise the Rights will terminate and each Right, whether or not previously exercised, will thereafter represent only the right to receive the Redemption Price in cash or securities, as determined by the Board of Directors. Promptly
after the Rights are redeemed, the Company shall give notice of such redemption to the Rights Agent and the holders of the then outstanding Rights by mailing such notice in accordance with Section 5.8. 

5.2 Expiration. The Rights and this Plan shall expire at the Expiration Time and no Person shall have any rights pursuant to this Plan
or any Right after the Expiration Time, except, if the Rights have been exchanged or redeemed, as provided in Section 3.1 or 5.1, respectively. 

5.3 Process to Seek Exemption. Any Person who desires to effect any acquisition of Beneficial Ownership of Common Stock that might, if
consummated, result in such Person becoming an Acquiring Person (including, for the avoidance of doubt, in the case of an Existing Holder, the acquisition of Beneficial Ownership of additional shares of Common Stock) (a “Requesting
Person”) may request that the Board of Directors grant an exemption with respect to such acquisition under this Plan so that such Person would be deemed to be an “Exempt Person” under the definition of Acquiring Person hereof for
purposes of this Plan (an “Exemption Request”). An Exemption Request shall be in proper form and shall be delivered by registered mail, return receipt requested, to the Secretary of the Company at the principal executive office of the
Company. The Exemption Request shall be deemed made upon receipt by the Secretary of the Company. To be in proper form, an Exemption Request shall set forth (i) the name and address of the Requesting Person, (ii) the number and percentage
of shares of Common Stock then Beneficially Owned by the Requesting Person, together with all Affiliates of the Requesting Person, and (iii) a reasonably detailed description of the transaction or transactions by which the Requesting Person
would propose to acquire Beneficial Ownership of Common Stock resulting in such Requesting Person becoming an Acquiring Person, the maximum number and percentage of shares of Common Stock that the Requesting Person proposes to acquire and the
percentage of shares of Common Stock that the Requesting Person will Beneficially Own after the proposed transaction or transactions are effected. The Board of Directors shall endeavor to respond to an Exemption Request within twenty
(20) Business Days after receipt of such Exemption Request; provided, that the failure of the Board of Directors to make a determination within such period shall be deemed to constitute the denial by the Board of Directors of the
Exemption Request. The Requesting Person shall respond promptly to reasonable 

  
 -24- 

 
and appropriate requests for additional information from the Company or the Board of Directors and its advisors to assist the Board of Directors in making its determination. The Board of
Directors shall only grant an exemption in response to an Exemption Request if it receives, at the Board’s request, a report from the Company’s advisors to the effect that the acquisition of Beneficial Ownership of Common Stock by the
Requesting Person does not result in the Company undergoing an aggregate “owner shift” (as defined in the Code) of more than 35% during the relevant testing period (including all prior acquisitions and any anticipated acquisitions or
transactions effected or expected to be effected during the relevant testing period). Any exemption granted hereunder may be granted in whole or in part, and may be subject to limitations or conditions (including a requirement that the Requesting
Person agree that it will not acquire Beneficial Ownership of shares of Common Stock in excess of the maximum number and percentage of shares approved by the Board of Directors), in each case as and to the extent the Board of Directors shall
determine necessary or desirable to provide for the protection of the Company’s NOLs. Any Exemption Request may be submitted on a confidential basis and, except to the extent required by applicable law, the Company and the Requesting Person
shall maintain the confidentiality of such Exemption Request and determination of the Board of Directors with respect thereto, unless the information contained in the Exemption request or the determination of the Board of Directors with respect
thereto otherwise becomes publicly available. The Exemption Request shall be considered and evaluated by directors serving on the Board of Directors who are independent of the Company and the Requesting Person and disinterested with respect to the
Exemption Request, and the action of a majority of such independent and disinterested directors shall be deemed to be the determination of the Board of Directors for purposes of such Exemption Request. Furthermore, the Board of Directors shall
approve within ten (10) Business Days of receiving an Exemption Request as provided in this Section 5.3 of (x) any proposed acquisition that does not cause any aggregate increase in the Beneficial Ownership of Persons with Beneficial
Ownership of 4.9% or more of (i) the Common Stock then outstanding or (ii) any class of stock (as defined for purposes of Section 382 of the Code, or “Stock”) (other than Common Stock) then outstanding (a “Five Percent
Stockholder”) (as determined after giving effect to the proposed Transfer) over the lowest Beneficial Ownership of Stock by such Five Percent Stockholders (as determined immediately before the proposed acquisition) at any time during the
relevant testing period, in all cases for purposes of Section 382 of the Code, or (y) a proposed acquisition by any Existing Holder if such proposed acquisition and all prior and anticipated acquisitions or transactions effected or
expected to be effected during the relevant testing period do not result in the Company undergoing an aggregate “owner shift” (as defined in the Code) of more than 35% . 

5.4 Issuance of New Rights Certificates. Notwithstanding any of the provisions of this Plan or of the Rights to the contrary, the
Company may, at its option, issue new Rights Certificates evidencing Rights in such form as may be approved by its Board of Directors to reflect any adjustment or change in the number or kind or class of shares of stock purchasable upon exercise of
Rights made in accordance with the provisions of this Plan. In addition, in connection with the issuance or sale of shares of 

  
 -25- 

 
Common Stock by the Company following the Separation Time and prior to the Expiration Time pursuant to the terms of securities convertible or redeemable into shares of Common Stock or to options,
warrants or other rights (other than any securities issued or issuable in connection with the exercise or exchange of Rights) in each case issued or granted prior to, and outstanding at, the Separation Time, the Company shall issue to the holders of
such shares of Common Stock, Rights Certificates representing the appropriate number of Rights in connection with the issuance or sale of such shares of Common Stock; provided, however, in each case, (i) no such Rights Certificate
shall be issued, if, and to the extent that, the Company determines, in its sole discretion, that such issuance would create a risk of material adverse tax consequences to the Company or to the Person to whom such Rights Certificates would be
issued, (ii) no such Rights Certificates shall be issued if, and to the extent that, appropriate adjustment shall have otherwise been made in lieu of the issuance thereof, and (iii) the Company shall have no obligation to distribute Rights
Certificates to any Acquiring Person or Affiliate of an Acquiring Person or any transferee of any of the foregoing. 
 5.5 Supplements
and Amendments. The Company and the Rights Agent may from time to time supplement or amend this Plan without the approval of any holders of Rights in any respect. The Rights Agent will duly execute and deliver any supplement or amendment hereto
requested by the Company, provided that any supplement or amendment (other than to Article IV if the rights and obligations of the Rights Agent are adversely affected) shall become effective immediately upon execution by the Company, whether or not
also executed by the Rights Agent. 
 5.6 Fractional Shares. If the Company elects not to issue certificates representing (or
register on the stock transfer books of the Company) fractional shares upon exercise, redemption or exchange of Rights, the Company shall, in lieu thereof, in the sole discretion of the Board of Directors, either (a) evidence such fractional
shares by depositary receipts issued pursuant to an appropriate agreement between the Company and a depositary selected by it, providing that each holder of a depositary receipt shall have all of the rights, privileges and preferences to which such
holder would be entitled as a beneficial owner of such fractional share, or (b) pay to the registered holder of such Rights the appropriate fraction of the Market Price per share in cash. 

5.7 Holder of Rights Not Deemed a Stockholder. No holder, as such, of any Rights shall be entitled to vote, receive dividends or be
deemed for any purpose the holder of shares or any other securities that may at any time be issuable on the exercise of such Rights, nor shall anything contained herein or in any Rights Certificate be construed to confer upon the holder of any
Rights, as such, any of the rights of a stockholder of the Company or any right to vote for the election of directors or upon any matter submitted to stockholders at any meeting thereof, or to give or withhold consent to any corporate action, or to
receive notice of meetings or other actions affecting stockholders, or to receive dividends or subscription rights, or otherwise, until such Rights shall have been exercised or exchanged in accordance with the provisions hereof (to the extent the
shares or other securities issuable on the exercise of such Rights confer any such rights to the holders thereof). 

  
 -26- 

 5.8 Notices. Notices or demands authorized or required by this Plan to be given or made by
the Rights Agent or by the holder of any Rights to or on the Company shall be sufficiently given or made if delivered or sent by first-class mail, postage prepaid, addressed (until another address is filed in writing with the Rights Agent) as
follows: 
 Stonegate Mortgage Corporation 

9190 Priority Way West Drive, Suite 300 

Indianapolis, Indiana 46240 

Attention: James V. Smith 

Facsimile: (317) 252-0816 

Any notice or demand authorized or required by this Plan to be given or made by the Company or by the holder of any Rights to or on the Rights Agent shall be
sufficiently given or made if delivered or sent by first-class mail, postage prepaid, addressed (until another address is filed in writing with the Company) as follows: 

Broadridge Corporate Issuer Solutions, Inc. 

51 Mercedes Way 
 Edgewood, New
York 11717 
 Attention: Stock Transfer Administration 

Facsimile: (215) 553-5402 

Phone: (631) 254-7400 

Notices or demands authorized or required by this Plan to be given or made by the Company or the Rights Agent to or on the holder of any Rights shall be
sufficiently given or made if delivered or sent by first-class mail, postage prepaid, addressed to such holder at the address of such holder as it appears upon the registry books of the Rights Agent or, prior to the Separation Time, on the registry
books of the transfer agent for the Common Stock. Any notice that is mailed in the manner herein provided shall be deemed given on the date of mailing, whether or not the holder receives the notice, except notice to the Company shall be effective
only upon receipt. 
 5.9 Suspension of Exercisability or Exchangeability. To the extent that the Board of Directors determines in
good faith that some action will need be taken pursuant to, or in order to properly give effect to, Section 2.3, 3.1 or 4.4 or to comply with federal or state securities laws or applicable Trading Regulations, the Company may suspend the
exercisability or exchangeability of the Rights for a reasonable period sufficient to allow it to take such action or comply with such laws or Trading Regulations. In the event of any such suspension, the Company shall issue as promptly as
practicable a public announcement stating that the exercisability or exchangeability of the Rights has been temporarily suspended. Notice thereof pursuant to Section 5.8 shall not be required. Upon such suspension, any rights of action vested
in a holder of Rights shall be similarly suspended. 

  
 -27- 

 Failure to give a notice pursuant to the provisions of this Plan shall not affect the validity of
any action taken hereunder. 
 5.10 Successors. All the covenants and provisions of this Plan by or for the benefit of the Company or
the Rights Agent shall bind and inure to the benefit of their respective successors and assigns hereunder. 
 5.11 Benefits of this
Plan. Nothing in this Plan shall be construed to give to any Person other than the Company, the Rights Agent and the holders of the Rights any legal or equitable right, remedy or claim under this Plan and this Plan shall be for the sole and
exclusive benefit of the Company, the Rights Agent and the holders of the Rights. 
 5.12 Determination and Actions by the Board of
Directors, etc. The Board of Directors shall have the exclusive power and authority to administer this Plan and to exercise all rights and powers specifically granted to the Board of Directors or to the Company, or as may be necessary or
advisable in the administration of this Plan, including, without limitation, the right and power to (i) interpret the provisions of this Plan and (ii) make all determinations deemed necessary or advisable for the administration or
implementation of this Plan, including the right to determine the Rights to be null and voided pursuant to Section 3.1(b), after taking into account the purpose of this Plan and the Company’s interest in maintaining an orderly trading
market in the outstanding shares of Common Stock. All such actions, interpretations and determinations done or made by the Board of Directors shall be final, conclusive and binding on the Company, the Rights Agent, the holders of the Rights and all
other Persons. 
 5.13 Descriptive Headings; Section References. Descriptive headings appear herein for convenience only and shall
not control or affect the meaning or construction of any of the provisions hereof. Where a reference in this Plan is made to a Section, such reference shall be to a Section of this Plan unless otherwise indicated. 

5.14 GOVERNING LAW; EXCLUSIVE JURISDICTION. (a) THIS PLAN, EACH RIGHT AND EACH RIGHTS CERTIFICATE ISSUED
HEREUNDER SHALL BE DEEMED TO BE A CONTRACT MADE UNDER THE LAWS OF THE STATE OF OHIO AND FOR ALL PURPOSES SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF SUCH STATE APPLICABLE TO CONTRACTS ENTERED INTO, MADE WITHIN, AND TO BE
PERFORMED ENTIRELY WITHIN THE STATE OF OHIO, WITHOUT GIVING EFFECT TO ANY CHOICE OR CONFLICT OF LAWS PROVISIONS OR RULES THAT WOULD CAUSE THE APPLICATION OF LAWS OF ANY JURISDICTION OTHER THAN THE STATE OF OHIO. 

  
 -28- 

 (b) (i) THE COMPANY AND EACH HOLDER OF RIGHTS HEREBY IRREVOCABLY SUBMITS TO THE EXCLUSIVE
JURISDICTION OF THE COURTS OF THE STATE OF OHIO OR ANY UNITED STATES DISTRICT COURT LOCATED IN THE STATE OF OHIO OVER ANY SUIT, ACTION, OR PROCEEDING ARISING OUT OF OR RELATING TO OR CONCERNING THIS PLAN. The Company and each holder of Rights
acknowledge that the forum designated by this paragraph (b) has a reasonable relation to this Plan, and to such Persons’ relationship with one another. TO THE FULLEST EXTENT PERMITTED BY LAW, THE COMPANY AND EACH HOLDER OF RIGHTS HEREBY
WAIVES ANY AND ALL RIGHTS SUCH PARTY MAY HAVE TO A JURY TRIAL WITH RESPECT TO ANY DISPUTE ARISING OUT OF OR RELATING TO OR CONCERNING THIS PLAN. 

(ii) The Company and each holder of Rights hereby waive, to the fullest extent permitted by applicable law, any objection which they now or
hereafter have to personal jurisdiction or to the laying of venue of any such suit, action or proceeding brought in any court referred to in paragraph (b)(i). The Company and each holder of Rights undertake not to commence any action subject to this
Plan in any forum other than the forum described in this paragraph (b). The Company and each holder of Rights agree that, to the fullest extent permitted by applicable law, a final and non-appealable judgment
in any such suit, action, or proceeding brought in any such court shall be conclusive and binding upon such Persons. 
 5.15
Counterparts. This Plan may be executed in any number of counterparts and each of such counterparts shall for all purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument. 

5.16 Severability. If any term or provision hereof or the application thereof to any circumstance shall, in any jurisdiction and to any
extent, be invalid or unenforceable, such term or provision shall be ineffective as to such jurisdiction to the extent of such invalidity or unenforceability without invalidating or rendering unenforceable the remaining terms and provisions hereof
or the application of such term or provision to circumstances other than those as to which it is held invalid or unenforceable. 
 5.17
Withholding Rights. In the event that the Company, the Rights Agent or their agents determine that they are obligated to withhold or deduct any tax or other governmental charge under any applicable law on actual or deemed payments or
distributions hereunder to a holder of the Rights, Common Stock or other cash, securities or other property, the Company, the Rights Agent or their agents shall be entitled, but not obligated, to (i) deduct and withhold such amount by
withholding a portion or all of the cash, securities or other property otherwise deliverable or by otherwise using any property (including, without limitation, Rights, Preferred Stock, Common Stock or cash) that is owned by such holder, or
(ii) in lieu of such withholding, require any holder to 

  
 -29- 

 
make a payment to the Company, the Rights Agent or their agents, in each case in such amounts as they deem necessary to meet their withholding obligations, and in the case of (i) above,
shall also be entitled, but not obligated, to sell all or a portion of such withheld securities or other property by public or private sale in such amounts and in such manner as they deem necessary and practicable to pay such taxes and charges. 

  
 -30- 

 IN WITNESS WHEREOF, the parties hereto have caused this Plan to be duly executed as of the date
first above written. 
  

					
	STONEGATE MORTGAGE CORPORATION
		
	By:	 	 /s/ James V. Smith

		 	Name:	 	James V. Smith
		 	Title:	 	Chief Executive Officer
	
	BROADRIDGE CORPORATE ISSUER SOLUTIONS, INC.
		
	By:	 	 /s/ Mark Kopelman

		 	Name:	 	Mark Kopelman
		 	Title:	 	Vice President

 EXHIBIT A 

[Form of Rights Certificate] 
  

			
	 Certificate No. W-
	  	             Rights

 THE RIGHTS ARE SUBJECT TO REDEMPTION OR MANDATORY EXCHANGE, AT THE OPTION OF THE COMPANY, ON THE TERMS SET
FORTH IN THE TAX ASSET PROTECTION PLAN. RIGHTS BENEFICIALLY OWNED BY ACQUIRING PERSONS OR AFFILIATES THEREOF (AS SUCH TERMS ARE DEFINED IN THE PLAN) OR TRANSFEREES OF ANY OF THE FOREGOING WILL BE VOID. 

Rights Certificate 
 STONEGATE
MORTGAGE CORPORATION 
 This certifies that
                    , or registered assigns, is the registered holder of the number of Rights set forth above, each of which entitles the registered
holder thereof, subject to the terms, provisions and conditions of the Tax Asset Protection Plan, dated as of January 26, 2017 (as amended from time to time, the “Plan”), between Stonegate Mortgage Corporation, an Ohio corporation
(the “Company”), and Broadridge Corporate Issuer Solutions, Inc., a Pennsylvania corporation, as Rights Agent (the “Rights Agent”, which term shall include any successor Rights Agent under the Plan), to purchase from the Company
at any time after the Separation Time (as such term is defined in the Rights Agreement) and prior to the Expiration Time (as such term is defined in the Rights Agreement), one ten-thousandth of a fully paid
share of Preferred Stock, no par value (the “Preferred Stock”), of the Company (subject to adjustment as provided in the Plan) at the Exercise Price referred to below, upon presentation and surrender of this Rights Certificate with the
Form of Election to Exercise duly executed at the principal office of the Rights Agent at Broadridge Corporate Issuer Solutions, Inc., 51 Mercedes Way, Edgewood, NY 11717. The Exercise Price shall initially be $24.00 per Right and shall be subject
to adjustment in certain events as provided in the Plan. 

  
 A-1 

 In certain circumstances described in the Plan, the Rights evidenced hereby may entitle the
registered holder thereof to purchase securities of the Company other than Preferred Stock or assets of the Company, all as provided in the Plan. 

This Rights Certificate is subject to all of the terms, provisions and conditions of the Plan, which terms, provisions and conditions are
hereby incorporated herein by reference and made a part hereof and to which Plan reference is hereby made for a full description of the rights, limitations of rights, obligations, duties and immunities hereunder of the Rights Agent, the Company and
the holders of the Rights Certificates. Copies of the Plan are on file at the principal office of the Company and are available without cost upon written request. 

This Rights Certificate, with or without other Rights Certificates, upon surrender at the office of the Rights Agent designated for such
purpose, may be exchanged for another Rights Certificate or Rights Certificates of like tenor evidencing an aggregate number of Rights equal to the aggregate number of Rights evidenced by the Rights Certificate or Rights Certificates surrendered. If
this Rights Certificate shall be exercised in part, the registered holder shall be entitled to receive, upon surrender hereof, another Rights Certificate or Rights Certificates for the number of whole Rights not exercised. 

Subject to the provisions of the Plan, each Right evidenced by this Certificate may be (a) redeemed by the Company under certain
circumstances, at its option, at a redemption price of $0.001 per Right or (b) exchanged by the Company under certain circumstances, at its option, for one share of Common Stock or one ten-thousandth of a
share of Preferred Stock per Right (or, in certain cases, other securities or assets of the Company), subject in each case to adjustment in certain events as provided in the Plan. 

  
 A-2 

 No holder of this Rights Certificate, as such, shall be entitled to vote or receive dividends or
be deemed for any purpose the holder of any securities which may at any time be issuable on the exercise hereof, nor shall anything contained in the Plan or herein be construed to confer upon the holder hereof, as such, any of the rights of a
stockholder of the Company or any right to vote for the election of directors or upon any matter submitted to stockholders at any meeting thereof, or to give or withhold consent to any corporate action, or to receive notice of meetings or other
actions affecting stockholders (except as provided in the Plan), or to receive dividends or subscription rights, or otherwise, until the Rights evidenced by this Rights Certificate shall have been exercised or exchanged as provided in the Plan (to
the extent the shares or other securities issuable on the exercise of such Rights confer any such rights to the holders thereof). 
 This
Rights Certificate shall not be valid or obligatory for any purpose until it shall have been countersigned by the Rights Agent. 

  
 A-3 

 WITNESS the facsimile signature of the proper officers of the Company and its corporate seal.

 Date:                      

 

											
	ATTEST:	 		 	STONEGATE MORTGAGE CORPORATION
				
	  
	 		 	By	 	  

		 	Secretary	 		 		 	
				
	Countersigned:	 		 		 	
				
	Broadridge Corporate Issuer Solutions, Inc.	 		 		 	
					
	By	 	  
	 		 		 	
		 	Authorized Signature	 		 		 	

  
 A-4 

 [Form of Reverse Side of Rights Certificate] 

FORM OF ASSIGNMENT 
 (To be
executed by the registered holder if such 
 holder desires to transfer this Rights Certificate.) 

 

			
	 FOR VALUE RECEIVED
                                        
hereby

	sells, assigns and transfers unto	 	 
	(Please print name
	  

	and address of transferee)

 this Rights Certificate, together with all right, title and interest therein, and does hereby irrevocably constitute and
appoint                      as its Attorney-in-Fact, to transfer the
within Rights Certificate on the books of the within-named Company, with full power of substitution. 
 Dated:
            ,         
  

			
	Signature Guaranteed:	 	  

		 	 Signature
 (Signature must correspond to name as
written upon the face of this Rights Certificate in every particular, without alteration or enlargement or any change whatsoever)

 Signatures must be guaranteed by an eligible guarantor institution (banks, stockbrokers, savings and loan associations and
credit unions with membership in an approved signature guarantee Medallion program), pursuant to Exchange Act Rule 17Ad-15. 
  

			
	(To be completed if true)

 The undersigned hereby represents, for the benefit of all holders of Rights and shares of Common Stock, that the Rights
evidenced by this Rights Certificate are not, and, to the knowledge of the undersigned, have never been, Beneficially Owned by an Acquiring Person or an Affiliate or Associate thereof (as defined in the Rights Agreement). 

 

			
		 	  

		 	Signature

  
 A-5 

 NOTICE 

In the event the certification set forth above is not completed in connection with a purported assignment, the Company will deem the Beneficial Owner of the
Rights evidenced by the enclosed Rights Certificate to be an Acquiring Person or an Affiliate thereof (as defined in the Plan) or a transferee of any of the foregoing and accordingly will deem the Rights evidenced by such Rights Certificate to be
void and not transferable or exercisable. 

  
 A-6 

 EXHIBIT B 

FORM OF ELECTION TO EXERCISE 

(To be executed if holder desires to 

exercise the Rights Certificate.) 
 TO: Stonegate
Mortgage Corporation 
 The undersigned hereby irrevocably elects to exercise
                     whole Rights represented by the attached Rights Certificate to purchase the shares of Preferred Stock issuable upon the exercise
of such Rights and requests that certificates for such shares be issued in the name of: 
  

					
	  
	 	
	Address:	 		 	
	  
	 	
	Social Security or Other Taxpayer	 	

					
	Identification Number:	 		 	

 If such number of Rights shall not be all the Rights evidenced by this Rights Certificate, a new Rights Certificate for the
balance of such Rights shall be registered in the name of and delivered to: 
  

					
	  
	 	
	Address:	 		 	
	  
	 	
	Social Security or Other Taxpayer	 	

					
	Identification Number:	 		 	

 Dated:
                    ,      
  

			
	Signature Guaranteed:	 	  

		 	 Signature
 (Signature must correspond to name as
written upon the face of this Rights Certificate in every particular, without alteration or enlargement or any change whatsoever)

 Signatures must be guaranteed by an eligible guarantor institution (banks, stockbrokers, savings and loan associations and
credit unions with membership in an approved signature guarantee Medallion program), pursuant to Exchange Act Rule 17Ad-15. 

  
 A-7 

			
	(To be completed if true)

 The undersigned hereby represents, for the benefit of all holders of Rights and shares of Common Stock, that the Rights
evidenced by the attached Rights Certificate are not, and, to the knowledge of the undersigned, have never been, Beneficially Owned by an Acquiring Person or an Affiliate thereof (as defined in the Plan). 

 

	
	
	  

Signature

 NOTICE 

In the event the certification set forth above is not completed in connection with a purported exercise, the Company will deem the Beneficial Owner of the
Rights evidenced by the attached Rights Certificate to be an Acquiring Person or an Affiliate thereof (as defined in the Plan) or a transferee of any of the foregoing and accordingly will deem the Rights evidenced by such Rights Certificate to be
void and not transferable or exercisable. 

  
 A-8 

 EXHIBIT B 

FORM OF CERTIFICATE OF DESIGNATION AND TERMS 

OF PREFERRED STOCK OF STONEGATE MORTGAGE CORPORATION 

Pursuant to Section 1701.06 of the Ohio General Corporation Law, Stonegate Mortgage Corporation, an Ohio corporation (the
“Corporation”), hereby certifies as follows: 
 Pursuant to authority granted by Section 3 of the Third Amended and Restated
Articles of Incorporation of the Corporation, and in accordance with the provisions of Section 1701.06 of the Ohio General Corporation Law, the Board of Directors of the Corporation has adopted the following resolutions fixing the designation
and certain terms, powers, preferences and other rights of a new series of the Corporation’s Preferred Stock, no par value, and certain qualifications, limitations and restrictions thereon: 

RESOLVED, that there is hereby established a series of Preferred Stock, no par value, of the Corporation, and the designation and certain terms, powers,
preferences and other rights of the shares of such series, and certain qualifications, limitations and restrictions thereon, are hereby fixed as follows: 

1. The distinctive serial designation of this series shall be “Participating Preferred Stock” (hereinafter called
“this Series”). Each share of this Series shall be identical in all respects with the other shares of this Series except as to the dates from and after which dividends thereon shall be cumulative. 

2. The number of shares in this Series shall initially be
[                    ], which number may from time to time be increased or decreased (but not below the number then outstanding) by the Board of
Directors. Shares of this Series purchased by the Corporation shall be cancelled and shall revert to authorized but unissued shares of Preferred Stock undesignated as to series. Shares of this Series may be issued in fractional shares which are
whole number multiples of one ten-thousandth of a share, which fractional shares shall entitle the holder, in proportion to such holder’s fractional share, to all rights of a holder of a whole share of
this Series. 

  
 B-1 

 3. The holders of full or fractional shares of this Series shall be entitled to
receive, when and as declared by the Board of Directors, but only out of funds legally available therefor, dividends, (A) on each date that dividends or other distributions (other than dividends or distributions payable in Common Stock of the
Corporation) are payable on or in respect of Common Stock comprising part of the Reference Package (as defined below), in an amount per whole share of this Series equal to the aggregate amount of dividends or other distributions (other than
dividends or distributions payable in Common Stock of the Corporation) that would be payable on such date to a holder of the Reference Package and (B) on the last day of March, June, September and December in each year, in an amount per whole
share of this Series equal to the excess (if any) of $600.00 over the aggregate dividends paid per whole share of this Series during the three month period ending on such last day. Each such dividend shall be paid to the holders of record of shares
of this Series on the date, not exceeding sixty days preceding such dividend or distribution payment date, fixed for the purpose by the Board of Directors in advance of payment of each particular dividend or distribution. Dividends on each full and
each fractional share of this Series shall be cumulative from the date such full or fractional share is originally issued; provided that any such full or fractional share originally issued after a dividend record date and on or prior to the dividend
payment date to which such record date relates shall not be entitled to receive the dividend payable on such dividend payment date or any amount in respect of the period from such original issuance to such dividend payment date. 

The term “Reference Package” shall initially mean 10,000 shares of Common Stock, par value $0.01 per share (“Common
Stock”), of the Corporation. In the event the Corporation shall at any time after the close of business on [                    ] (A) declare or
pay a dividend on any Common Stock payable in Common Stock, (B) subdivide any Common Stock or (C) combine any Common Stock into a smaller number of shares, then and in each such case the Reference Package after such event shall be the
Common Stock that a holder of the Reference Package immediately prior to such event would hold thereafter as a result thereof. 
 Holders of
shares of this Series shall not be entitled to any dividends, whether payable in cash, property or stock, in excess of full cumulative dividends, as herein provided on this Series. 

So long as any shares of this Series are outstanding, no dividend (other than a dividend in Common Stock or in any other stock ranking junior
to this Series as to dividends and upon liquidation) shall be declared or paid or set aside for payment or other distribution declared or made upon the Common Stock or upon any other stock ranking junior to this Series as to dividends or upon
liquidation, unless the full cumulative dividends (including the dividend to be paid upon payment of such dividend or other distribution) on all outstanding shares of this Series shall have been, or shall contemporaneously be, paid. When dividends
are not paid in 

  
 B-2 

 
full upon this Series and any other stock ranking on a parity as to dividends with this Series, all dividends declared upon shares of this Series and any other stock ranking on a parity as to
dividends shall be declared pro rata so that in all cases the amount of dividends declared per share on this Series and such other stock shall bear to each other the same ratio that accumulated dividends per share on the shares of the Series and
such other stock bear to each other. Neither the Common Stock nor any other stock of the Corporation ranking junior to or on a parity with this Series as to dividends or upon liquidation shall be redeemed, purchased or otherwise acquired for any
consideration (or any moneys be paid to or made available for a sinking fund for the redemption of any shares of any such stock) by the Corporation (except by conversion into or exchange for stock of the Corporation ranking junior to this Series as
to dividends and upon liquidation), unless the full cumulative dividends (including the dividend to be paid upon payment of such dividend, distribution, redemption, purchase or other acquisition) on all outstanding shares of this Series shall have
been, or shall contemporaneously be, paid. 
 4. In the event of any merger, consolidation, reclassification or other
transaction in which the shares of Common Stock are exchanged for or changed into other stock or securities, cash and/or any other property, then in any such case the shares of this Series shall at the same time be similarly exchanged or changed in
an amount per whole share equal to the aggregate amount of stock, securities, cash and/or any other property (payable in kind), as the case may be, that a holder of the Reference Package would be entitled to receive as a result of such transaction.

 5. In the event of any liquidation, dissolution or winding up of the affairs of the Corporation, whether voluntary or
involuntary, the holders of full and fractional shares of this Series shall be entitled, before any distribution or payment is made on any date to the holders of the Common Stock or any other stock of the Corporation ranking junior to this Series
upon liquidation, to be paid in full an amount per whole share of this Series equal to the greater of (A) $10,000 or (B) the aggregate amount distributed or to be distributed in connection with such liquidation, dissolution or winding up
to a holder of the Reference Package (such greater amount being hereinafter referred to as the “Liquidation Preference”), together with accrued dividends to such distribution or payment date, whether or not earned or declared. If such
payment shall have been made in full to all holders of shares of this Series, the holders of shares of this Series as such shall have no right or claim to any of the remaining assets of the Corporation. 

In the event the assets of the Corporation available for distribution to the holders of shares of this Series upon any liquidation, dissolution
or winding up of the Corporation, whether voluntary or involuntary, shall be insufficient to pay in full all amounts to which such holders are entitled pursuant to this paragraph 5, no such distribution shall be made on account of any shares of any
other class or series of Preferred Stock ranking on a parity with the shares of this Series upon such liquidation, dissolution or winding up unless proportionate distributive amounts shall be paid on account of the shares of this Series, ratably in
proportion to the full distributable amounts for which holders of all such parity shares are respectively entitled upon such liquidation, dissolution or winding up. 

  
 B-3 

 Upon the liquidation, dissolution or winding up of the Corporation, the holders of shares of this
Series then outstanding shall be entitled to be paid out of assets of the Corporation available for distribution to its stockholders all amounts to which such holders are entitled pursuant to this paragraph 5 before any payment shall be made to the
holders of Common Stock or any other stock of the Corporation ranking junior upon liquidation to this Series. 
 For the purposes of this
paragraph 5, the consolidation or merger of, or binding statutory share exchange by, the Corporation with any other corporation shall not be deemed to constitute a liquidation, dissolution or winding up of the Corporation. 

6. The shares of this Series shall not be redeemable. 

7. In addition to any other vote or consent of stockholders required by law or by Third Amended and Restated Articles of
Incorporation of the Corporation, as amended, of the Corporation, and except as otherwise required by law, each share (or fraction thereof) of this Series shall, on any matter, vote as a class with any other capital stock comprising part of the
Reference Package and shall have the number of votes thereon that a holder of the Reference Package would have. 
 8. This
Series shall rank as to the payment of dividends and distributions and amounts upon liquidation, dissolution and winding-up junior to all other series or shares of Preferred Stock unless otherwise expressly
provided in the terms of such series or shares of Preferred Stock. 
 9. In the event that the Corporation or its agents
determine that they are obligated to withhold or deduct any tax or other governmental charge under any applicable law on actual or deemed payments or distributions to a holder of the shares of this Series, the Corporation or its agents shall be
entitled to (i) deduct and withhold such amount by withholding a portion or all of the cash, securities or other property otherwise deliverable or by otherwise using any property that is owned by such holder, or (ii) in lieu of such
withholding, require any holder to make a payment to the Corporation or its agent, in each case in such amounts as they deem necessary to meet their withholding obligations, and in the case of (i) above, shall also be entitled, but not
obligated, to sell all or a portion of such withheld securities or other property by public or private sale in such amounts and in such manner as they deem necessary and practicable to pay such taxes and charges. 

  
 B-4 

 IN WITNESS WHEREOF, the undersigned have signed and attested this certificate on the
    th day of         , 20    . 
  

	
	
	  

 Attest: 
  

	
	  

  
 B-5

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