Document:

235 Great Pond Lease

 Exhibit 10.3 
 235 GREAT POND LEASE AGREEMENT 
 THIS 235 GREAT POND LEASE (the “235 Great Pond
Lease”) made as of this 19 day of June, 2008, by and between 235 GREAT POND, LLC, whose address is 750 Trade Centre Way, Suite 100, Portage, MI 49002, SMITH CT 7, LLC, whose address is 108 South University, Mt. Pleasant, Michigan
48858, and SMITH CT 8, LLC, whose address is 108 South University, Mt. Pleasant, Michigan 48858, hereinafter collectively referred to as “Landlord,” and VALASSIS DIRECT MAIL, INC., a Delaware Corporation, whose address is
19925 Victor Parkway, Livonia, MI 48152, referred to as “Tenant.” 
 WITNESSETH: 
  

	 	1.	DESCRIPTION AND USE OF PREMISES 

 Landlord hereby leases to
Tenant and Tenant hereby leases from Landlord that certain real property located in the City of Windsor and Bloomfield, State of Connecticut, commonly known as 235 Great Pond Drive, Windsor Connecticut, 06095, and more particularly described and
shown on the survey and legal description of the Premises on Exhibit “A” attached as well as all appurtenances, improvements, easements, and rights-of-way thereunto pertaining (“Premises”). Tenant shall use and occupy the
Premises as a professional office, data and distribution center building only and for no other uses. The building located on the Premises is agreed to consist of the physical fitness/day care facility and light industrial / distribution building
apprising approximately a total of 171,072 square feet of space. As of the date written above, Tenant hereby accepts the Premises in it’s “as is, where is” condition without representation or warranty as to their condition or fitness
for any particular purpose from Landlord. Tenant further acknowledges that Tenant owned and occupied the Premises prior to the date of this 235 Great Pond Lease and sold the Premises to Landlord as of the date of this 235 Great Pond Lease.

  

	 	2.	TENANT IMPROVEMENT ALLOWANCE 

 In order for the Premises to
be useful to Tenant and marketable in the future for Landlord, Landlord and Tenant agree that Landlord shall pay an improvement allowance to Tenant in order for Tenant to construct a buildout at the Premises pursuant to the plans and specifications
set forth in Exhibit B attached hereto. Thus, Landlord and Tenant acknowledge and agree that Tenant shall be provided an Improvement Allowance in the amount of approximately One-Million and Six-Hundred and Fifty-Three Thousand Dollars
($1,680,000.00) for the work described in accordance with Exhibit B (the “Tenant Improvements”). No Material Deviations from Exhibit B shall be made by Tenant without Landlord’s prior written consent, which shall not be unreasonably
withheld. “Material deviations” shall be defined as an increase or decrease of $100,000 or more at the Premises, it being agreed that the total Tenant Improvement Allowance for the Premises and 1 Targeting Centre leased to Tenant under a
separate lease shall not exceed $2,000,000. Approval of the plans and specifications by 

 
Landlord shall not constitute the assumption of and responsibility by Landlord for their accuracy or sufficiency, and Tenant shall be solely responsible for
such items. Tenant shall be responsible for any and all costs and expenses which exceed the Improvement Allowance. Any portion of the total Improvement Allowance shall be paid to Tenant or to Tenant’s general contractor, Barton Malow Company,
within 30 days following receipt by Landlord of (1) invoices; (2) an AIA sworn statement from the general contractor, (3) an affidavit from the Tenant that the payments from the prior disbursement request have been made in full;
(4) Landlord lender approval and submittal by Tenant of lender-requested mechanics or materialmen lien waivers or their functional equivalents under applicable Connecticut’s materialmen lien laws; and (5) and the certification of
Tenant and its architect that the Tenant Improvements have been made in accordance with applicable laws, codes and ordinances. The Improvement Allowance shall be disbursed in the amount reflected on the invoices meeting the requirements above.
Notwithstanding anything herein to the contrary, Landlord shall not be obligated to disburse any portion of Improvement Allowance during the continuance of an uncured default under the Lease, and Landlord’s obligation to disburse shall only
resume when and if such default is cured. The final 7 1/2% of the Improvement Allowance shall be withheld by Landlord and
disbursed upon receipt of the final sworn statement. Immediately after the final payment is made, Tenant shall provide Landlord with confirmation of full payment from all contractors, subcontractors, and vendors who performed work to the Premises
desired by Tenant. 
  

	 	3.	RENT 

 Tenant shall pay Landlord rent in accordance with
the rent schedule attached and incorporated hereto as Exhibit C. The rent shall be payable in advance in semi-annual installments, with said installment payments being made to Landlord’s management company, SIRO II Management, LLC whose notice
address is 750 Trade Centre Way, Suite 100, Kalamazoo, MI 49002. The first payment of rent in accordance with Exhibit C shall be due on the commencement date of Tenant’s right to possession as set forth in Article 4 hereof. Future payments
shall be due in advance of the first day of every six (6) months thereafter. If the commencement date of this 235 Great Pond Lease shall fall on a day other than the first day of a calendar month, then additional rental of an amount calculated
by prorating the semi-annual payment set forth above shall be paid by Tenant to Landlord for the month in which said commencement date shall occur. 
  

	 	4.	TERM 

 A. TERM OF RIGHT OF POSSESSION. The
commencement of Tenant’s right to possess and use the Premises shall be the date first written above. The term of Tenant’s right to possession shall be one-hundred and eighty three (183) months. If the commencement date is the first
day of a calendar month, the 183-month term shall begin to run from that date. If the commencement date is other than the first day of a month, the 183-month term shall commence on the first day of the following month. 

 B. TERM OF OBLIGATIONS. Notwithstanding the term of Tenant’s right to possession, all of the
provisions of this 235 Great Pond Lease Agreement are binding on the parties from the date this 235 Great Pond Lease is executed. 
  

	 	5.	MAINTENANCE, REPAIRS AND ALTERATIONS 

 A. Tenant covenants
and agrees to be responsible for all maintenance repair and upkeep of the Premises during the term of Tenant’s right to possession. Tenant’s maintenance repair and upkeep of the Premises shall be done consistent with and in accordance to
industry standards for a class A facility. The Premises includes, but is not limited to, all portions of the Premises depicted on Exhibit A, and all parking areas shown on Exhibit A, the landscaping, the buildings, improvements, foundations,
exterior and interior walls, windows, doors, floors, ceilings, downspouts, gutters, roof, skylights, plumbing and sewerage facilities, air-condition system, heating system, electrical facilities and equipment, glazing, lighting fixtures and all
other figures, equipment and appliances of every kind and nature. Tenant agrees that Landlord shall not be called upon or obligated to make any repairs, replacements, rebuildings, restorations, improvements, alterations, remodeling or additions
whatsoever in or about the Premises. 
 B. Tenant shall be responsible for all janitorial service on the Premises during the term hereof.

 C. Tenant shall not, without the prior written consent of Landlord, which shall not be unreasonably withheld, make alterations,
improvements or additions to the Premises and to the building and improvements thereon. 
 D. In a situation involving a need to repair,
replace, or restore any portion of the Premises, and which is not covered by the provisions of “Eminent Domain” or “Damage and Destruction,” Tenant may, claim the benefit of any property damage insurance which may be payable to
Landlord by reason of the loss or casualty giving rise to such need. However, the benefits of such property damage insurance may be claimed only for the purpose of and to the extent necessary to replace, repair or restore the damaged or condemned
portion of the Premises. 
  

	 	6.	EFFECT OF BANKRUPTCY OR OTHER PROCEEDINGS 

 If at any time
any bankruptcy or reorganization proceeding is instituted by or against Tenant either in the State or Federal Courts, or if a receiver is appointed under Chapters X or ZI of the Bankruptcy Act, for its business or property on the Premises, Landlord
shall have the option, to be exercised by written notice given to Tenant, to declare this 235 Great Pond Lease terminated at any time after the expiration of twenty (20) days following the commencement of such proceeding unless the proceeding
is dismissed and unless all payments of rent and other payments required by this 235 Great Pond Lease to be made by Tenant to Landlord are paid promptly during said period of twenty (20) days. Landlord shall under no circumstances be required
to permit a receiver to retain possession of said Premises, and Landlord need not lease said Premises to such receivers, but Landlord shall be entitled to immediate possession of said Premises. Any repossession or termination hereunder shall not
operate in any way to prejudice 

 
or affect the right of Landlord for recovery of rent or other charges theretofore accrued, thereafter accruing or to any other damages, nor shall any such
termination or repossession ever be construed as a waiver of or an election not to claim future damages on account of such breach, but all such damages, including all future rentals, shall be fully recoverable by Landlord. 
  

	 	7.	QUIET POSSESSION 

 The Tenant, upon paying the rent herein
provided and performing all and singular the covenants and conditions of this 235 Great Pond Lease on its part to be performed, shall and may peaceably and quietly have, hold and enjoy the Premises during the term hereof, and Landlord warrants that
Landlord has full right and sufficient title to lease the Premises for the term herein provided, and agrees to indemnify Tenant for and against any and all loss and damage that may result to Tenant on account of any failure of, or defect in,
Landlord’s title or right to make and execute this 235 Great Pond Lease. 
  

	 	8.	ATTORNEY’S FEES 

 Should either party hereto institute
any action or proceeding in court to enforce any provision hereof or for damages by reason of any alleged breach of any provision of this 235 Great Pond Lease or for a declaration of such party’s rights or obligations hereunder, or for any
other judicial remedy, the prevailing party shall be entitled to receive from the losing party such amount as the court may adjudge to be reasonable attorney’s fees for the services rendered to the party finally prevailing in such action or
proceeding. 
  

	 	9.	CONSTRUCTION LIENS 

 Tenant shall keep the Premises free of
construction liens and other liens of like nature other than liens created or claimed by reason of any work done by or at the instance of Landlord. Tenant agrees to protect and indemnify Landlord against all such liens, or claims which may ripen
into such liens, and against all attorney’s fees and other costs and expenses arising from any such claim or lien. If Tenant fails to fully discharge any such lien or claim, or provide a bond for the same, the Landlord, at its option, may pay
the same or any part thereof, and shall be the sole judge of the legality of such lien or claim. Tenant shall repay Landlord all amounts so paid by Landlord, together with interest thereon at the maximum rate allowable by law from the time of
payment by Landlord until repayment by Tenant. 
  

	 	10.	TENANT TO COMPLY WITH LAW 

 Tenant shall, from the date of
this 235 Great Pond Lease, and at its own expense, insure that the Premises conforms to and complies with all laws, ordinances, and regulations (including the Americans with Disabilities Act) now in force or that are enacted hereafter affecting the
use or occupancy of all or any part of the Premises. Tenant indemnifies Landlord against and agrees to save Landlord harmless from all expenses imposed or incurred for or because of any violation by Tenant or anyone claiming under Tenant of any law,
ordinance, or regulation occasioned by the neglect or omission, or willful act of Tenant or any person on the Premises by permission or holding under Tenant unless such violation results solely from an act or omission on the part of Landlord and/or
agents, servants or employees of Landlord. 

	 	11.	TITLE 

 Tenant acknowledges that Tenant has had the
opportunity to review the commitment for the owner’s policy of title insurance provided to Landlord from Pinnacle Title Agency. Tenant reviewed all of the matters of record reflected in such commitment and agrees to insure that the Premises
shall at all times comply with those matters of record affecting the Premises from the date of this Agreement until the expiration of this Agreement. Tenant shall indemnify and hold Landlord harmless from all expenses and costs incurred by Landlord
as a result of any of the matters of record affecting the Premises. 
  

	 	12.	SURVEY 

 Tenant acknowledges that Tenant has reviewed a
survey of the Premises prepared by Landlord’s surveyor. Tenant has expressly approved such survey and hereby accepts the Premises in accordance with and subject to all matters set forth on the survey. Tenant understands that Tenant shall not be
released from any of its obligations under this Agreement due to error(s) on the survey, or any matters shown on the survey. 
  

	 	13.	UTILITIES 

 Tenant agrees to pay all charges when due for
water, gas, electricity, or other utilities incurred by it in connection with the Premises. 
  

	 	14.	TAXES 

 From the date of this Agreement until the
expiration of the Term and any renewals thereof, Tenant shall pay all real property taxes and assessments which may be levied upon or assessed against those lands comprising the Premises. Tenant shall also pay all taxes or assessments levied upon or
assessed against the improvements situated within the Premises and all taxes levied upon or assessed against any personal property situated within the Premises. Tenant understands that Landlord shall not be required to pay any taxes or assessments
whatsoever which may be or become a lien upon the lands, improvements and personal property. Any taxes or assessments which may be levied or assessed for a period beginning before the commencement of this 235 Great Pond Lease or ending after the
termination hereof shall be paid by Tenant. Upon expiration of this Lease, the Landlord shall rebate to the Tenant any prepaid taxes or assessments covering any period of time after expiration. Tenant shall not be obligated to pay any income tax or
other tax, assessment or charge which may be levied or become due by reason of the rents and profits received by Landlord as a result of this 235 Great Pond Lease. 

	 	15.	OFF-SET STATEMENT, ATTORNMENT AND SUBORDINATION; LANDLORD’S MORTGAGEE’S APPROVAL OF THIS LEASE 

 A. Tenant agrees within ten (10) days after request therefor by Landlord to execute in recordable form and deliver to Landlord a statement, in
writing, certifying (a) that this 235 Great Pond Lease is in full force and effect, (b) the date of commencement of the term of this 235 Great Pond Lease, (c) that rent is paid currently without any off-set or defense thereto,
(d) all Improvement Allowance amounts have been received or waived; (e) the amount of rent, if any, paid in advance, (f) that there are no uncured defaults by Landlord or stating those claimed by Tenant, and (g) such other
information as Landlord may reasonably request; provided that, in fact, such facts are accurate and ascertainable. 
 B. Tenant shall, in the
event any proceedings are brought for the foreclosure of or in the event of exercise of the power of sale under any mortgage made by Landlord covering the Premises, attorn to the purchaser upon any such foreclosure or sale and recognize such
purchaser as the Landlord under this 235 Great Pond Lease. 
 C. Tenant agrees that this 235 Great Pond Lease shall be subordinate to any
first mortgages or deeds of trust that may hereafter be placed upon the Premises and to any and all advances to be made thereunder, and to the interest thereon, and all renewals, replacements and extensions thereof, provided the mortgagee or trustee
named in said mortgages or trust deeds shall agree to recognize the lease of Tenant in the event of foreclosure if Tenant is not in default. Tenant also agrees that any mortgagee or trustee may elect to have this 235 Great Pond Lease designated as a
prior lien to its mortgage or deed of trust, and in the event of such election and upon notification by such mortgagee or trustee to Tenant to that effect, this 235 Great Pond Lease shall be deemed prior in lien to said mortgage or deed of trust,
whether this 235 Great Pond Lease is dated prior to or subsequent to the date of said mortgage or deed of trust. Tenant agrees, that upon the request of Landlord, any mortgagee or any trustee, it shall execute whatever instruments may be required to
carry out the intent of this Section. 
 D. Failure of Tenant to execute any of the above instruments within fifteen (15) days upon
written request so to do by Landlord, shall constitute a breach of this 235 Great Pond Lease and Landlord may, at its option, cancel this 235 Great Pond Lease and terminate Tenant’s interest herein. Further, Tenant hereby irrevocably appoints
Landlord as attorney-in-fact for Tenant with full power and authority to execute and deliver in the name of Tenant any such instruments. 
 E. If Landlord’s mortgagee will approve this 235 Great Pond Lease, only upon the basis of reasonable modification of the terms and provisions of this 235 Great Pond Lease, other than those provisions relating to the size and location
of the Premises, the amount of rent and charges payable hereunder and the use for which Tenant is permitted to operate the Premises, Landlord shall have the right to cancel this 235 Great Pond Lease if Tenant refuses to approve in writing any such
reasonable modifications within thirty (30) days after Landlord’s request therefor, which request may not be made later than forty-five (45) days after the delivery of possession of the Premises to Tenant. If such right to cancel is
exercised, this 235 Great Pond Lease shall thereafter be null and void, and neither party shall have any liability to the other by reason of such cancellation. 

	 	16.	LIABLITY INSURANCE 

 Tenant shall, from the date this 235
Great Pond Lease is executed, keep in force and effect a policy of public liability and property damage insurance with respect to the Premises, and the business operated by Tenant in which the limits of public liability shall not be less than Three
Million Dollars ($3,000,000.00) per occurrence, and in which the limit of property damage liability shall be not less than Five Hundred thousand Dollars ($500,000.00). The policy shall name Landlord, any other parties in interest designated by
Landlord, and Tenant as insured, and shall contain a clause that the insurer will not cancel or change the insurance without first giving Landlord thirty (30) days prior written notice. Such insurance may be furnished by Tenant under any
blanket policy carried by it or under a separate policy therefor. The insurance shall be with an insurance company approved by Landlord and a copy of the paid-up policy evidencing such insurance or a certificate of insurance certifying to the
issuance of such policy shall be delivered to Landlord prior to the commencement of Tenant’s work and upon renewals not less than thirty (30) days prior to the expiration of such coverage. 
  

	 	17.	PROPERTY INSURANCE 

 (a) Tenant shall, from the date of
this Agreement, carry insurance for fire and special extended coverage (as determined by Landlord) insuring the improvements located on the Premises and all appurtenances thereto for the full replacement value thereof (with deductibles not exceeding
$100,000.00) such insurance coverage to include the improvements provided by Landlord and Tenant, and such insurance coverage shall include rental and business interruption insurance. Landlord shall not be liable to Tenant for any loss or damage
suffered by Tenant which is not covered by such insurance (including without limitation, the amount of any such deductibles). If the cost to repair or replace the damaged improvements exceeds the full insurable value, Tenant shall pay the
difference. The policy shall name Landlord, any other parties in interest designated by Landlord, and Tenant as insured, and shall contain a clause that the insurer will not cancel or change the insurance without first giving Landlord thirty
(30) days prior written notice. Such insurance may be furnished by Tenant under any blanket policy carried by it or under a separate policy therefor. The insurance shall be with an insurance company approved by Landlord and a copy of the
paid-up policy evidencing such insurance or a certificate of insurance certifying to the issuance of such policy shall be delivered to Landlord prior to the commencement of Tenant’s work and upon renewals not less than thirty (30) days
prior to the expiration of such coverage. 
 (b) Tenant shall pay the cost of the premiums for all such insurance, and the expenses incurred
by Landlord relative to insurance appraisals, adjusters and reasonable attorneys’ fees in connection therewith. Such statements may include charges for premiums covering more than a single year. 
 (c) Tenant will not do or suffer to be done, or keep or suffer to be kept, anything in, upon or about the Premises which will contravene policies
insuring against loss or damage by fire or other hazards (including, without limitation, public liability) or which will prevent Tenant form procuring such policies in companies acceptable to Landlord. 

 (d) Tenant agrees to carry, at its expense, insurance against vandalism, malicious mischief, and such
other perils as are form time to time included in a standard extended coverage endorsement, insuring Tenant’s trade fixtures, furnishings, operating equipment and personal property, such as signs, wall coverings, carpeting and drapes located on
or within the Premises, in an amount equal to not less than one hundred percent (100%) of the actual replacement cost thereof and to furnish Tenant with a certificate evidencing such coverings. 
  

	 	18.	COVENANT TO HOLD HARMLESS 

 Tenant agrees, from the date of
this Agreement, to indemnify Landlord and save it harmless from and against any and all claims, actions, damages, liability and expense in connection with (i) loss of life, personal injury and/or damage to property arising from or out of any
occurrence in, upon or at the Premises, including the person and property of Tenant, and its employees and all persons in the building at its or their invitation or with their consent, (ii) the occupancy or use by Tenant of the Premises or any
part thereof, or (iii) occasioned wholly or in part by any act or omission of Tenant, its agents, contractors, employees, servants, customers or licensees. For the purpose hereof, the Premises shall include the service areas adjoining the same.
All property kept, stored or maintained in the Premises shall be so kept, stored or maintained at the risk of Tenant only. In case Landlord shall, without fault on its part, be made a party to any litigation commenced by or against Tenant, then
Tenant shall protect and hold Landlord harmless and shall pay all costs, expenses and reasonable attorney fees incurred or paid by Landlord in connection with such litigation. Tenant shall also pay all costs, expenses and reasonable attorney fees
that may be incurred or paid by Landlord in enforcing the covenants and agreements of this 235 Great Pond Lease. 
  

	 	19.	WASTE OR NUISANCE 

 Tenant shall not commit or suffer to be
committed any waste or nuisance upon the Premises. 
  

	 	20.	SUBLETTING AND ASSIGNMENT 

 A. Tenant shall not sublet the
Premises, or any portion thereof, without the written consent of Landlord, which shall not be unreasonably withheld, conditioned or delayed. Any such subletting shall not relieve Tenant of its obligations to Landlord under this 235 Great Pond Lease.

 B. Tenant shall not have the right to assign this 235 Great Pond Lease or to hypothecate or encumber its leasehold interest hereunder,
without the written consent of Landlord, which shall not be unreasonably withheld, conditioned or delayed. If Landlord consents; (i) Tenant shall not by reason of any such assignment be relieved of any responsibility, liability or obligation to
Landlord under the terms of this 235 Great Pond Lease; (ii) that any assignee shall agree in writing to be bound by all the terms, covenants and conditions of this 235 Great Pond Lease; and (iii) that an executed original of such
assignment and agreement shall be delivered to Landlord. 

 C. Tenant may assign or sublet to a wholly owned subsidiary of Tenant. Tenant shall not by reason of any
such assignment or sublease be relieved of any responsibility, liability or obligation under this 235 Great Pond Lease. 
  

	 	21.	SURRENDER OF PREMISES 

 A. Tenant shall, upon termination
of the term of Tenant’s right to possession or any earlier termination of this 235 Great Pond Lease, surrender to Landlord the Premises, including without limitations, all building apparatus not covered by Section B of this Article, and all
alterations, improvements and other additions which may be made or installed by either party in the condition they were in as of the date of this Lease. 
 B. Notwithstanding Section A of this Article, Tenant shall have the right to remove all trade fixtures, furniture, equipment and signs, which may be installed in the Premises prior to or during Tenant’s right to
possession at Tenant’s cost, if Tenant is not in default at the time of removal. The Tenant shall at its own cost and expense repair any and all damage to the Premises resulting from or caused by such removal, and shall restore the Premises to
its original condition, reasonable wear and tear excepted. Tenant shall have sixty (60) days after termination of this 235 Great Pond Lease for any reason whatsoever to effect such removal, repair and restoration; provided, however, no such
fixtures or equipment placed on or in the Premises by Tenant, and which remain the property of Tenant, may be removed at a time when Tenant is in default in payment of rent or any other money payable hereunder, or in the performance of any other
covenant under this 235 Great Pond Lease. 
 C. Anything to the contrary herein notwithstanding, Tenant shall have the right at any time to
remove its signs and other equipment bearing any of its trade names or trademarks, whether registered or unregistered. Landlord shall have no right to use and shall not have or acquire any interest in such trade name and service mark by reason of
any of the terms or provisions of this 235 Great Pond Lease, or by reason of use of the same on the Premises. 
  

	 	22.	EMINENT DOMAIN 

 A. In the event that the whole of the
Premises shall be taken under the power of eminent domain, the Tenant shall continue to pay the balance of the rentals minus the amount of the condemnation proceeds received by Landlord, provided, however, that Tenant shall have the right, but not
the obligation, to participate in the Landlord’s condemnation proceedings. 
 B. In the event that a portion of the Premises shall be
taken under the power of eminent domain, the obligation of Tenant under this 235 Great Pond Lease to pay rent and all of the other provisions of this 235 Great Pond Lease shall remain in full force and effect. All damages awarded for any such taking
under the power of eminent domain, whether for the whole or part of the Premises, shall belong to and be the property of Landlord, whether such damages shall be awarded as compensation for diminution in valued of the leasehold or for the fee of the
Premises; provided, however, that Tenant shall receive credit against rental equal to the damages paid to Landlord. 

	 	23.	HAZARDOUS WASTE 

 Tenant shall not cause or permit any
hazardous material (as hereinafter defined) to be released, brought upon, stored, produced, emitted, disposed of or used upon, about or beneath the Premises by Tenant, its agents, employees, contractors or invitees. 
 Tenant shall indemnify, defend and hold Landlord harmless from and against any and all environmental damages which arise from: (1) presence upon,
about or beneath the Premises of any hazardous material or of any chemical substance requiring remediation under any Federal, State or local statute, regulation, ordinance or policy; or (2) the breach of any of the provisions of this 235 Great
Pond Lease. For the purpose of this 235 Great Pond Lease, “environmental damages” shall mean: (1) all claims, judgments, damages, penalties, fines, costs, liabilities and losses (including, without limitation, diminution in the value
of the Premises, damages for the loss of or restriction on rentable or usable space or of any amenity of the Premises and from any adverse impact on Landlord’s marketing of space); (2) all sums paid for settlement of claims, attorney fees,
consultant’s fees and expert’s fees; and (3) all costs incurred by Landlord in connection with the investigation of hazardous material upon, about or beneath the Premises, the preparation of any remedial investigation and feasibility
studies or reports in the performance of any clean up, remediation, removal or restoration work required by any Federal, State or local governmental agency or political subdivision necessary for Landlord to make full economic use of the Premises or
otherwise required under this 235 Great Pond Lease. Tenant’s obligations under this Section shall survive the expiration of this 235 Great Pond Lease. 
 Notwithstanding any other obligation of tenant to indemnify Landlord pursuant to this 235 Great Pond Lease, Tenant shall, at its sole cost and expense, promptly take all actions required by any Federal, State or local
governmental agency or political subdivision necessary for Landlord to make full economic use of the Premises, which requirements or necessity arise from presence upon, about or beneath the Premises of any hazardous material. Such action shall
include, but not be limited to, the investigation of the environmental condition of the Premises, the preparation of any remedial investigation and feasibility studies or reports and the performance of any clean up, remedial, removal or restoration
work. Tenant shall take all actions necessary to restore the Premises to the condition existing prior to the introduction of the hazardous material upon, about or beneath the Premises, notwithstanding any lesser standard of remediation allowable
under applicable law or government policies. Tenant shall nevertheless obtain Landlord’s approval prior to undertaking any activities required by this Section, which approval shall not be unreasonably withheld so long as such actions would not
potentially have a material adverse long-term or short-term affect on the Premises or any other property or business owned or operated by Landlord. Tenant shall promptly supply Landlord with any notices and correspondence concerning environmental
damages received by Tenant from the United States Environmental Protection Agency or the Connecticut Department of Environmental Protection. The obligations of Tenant pursuant to this Sections shall not apply to situations where hazardous materials
are released, brought upon, stored, produced, emitted, disposed of or used upon, about or beneath the Premises at the time or times other than during the term of this 235 Great Pond Lease except where such event occurs as a result of the acts or
omissions of Tenant, its agents, employees, contractors or invitees or as a result of the acts or omission of any agent, employee, 

 
contractor or invitee of any permitted Sublessee or assignee of Tenant. Tenant’s obligation under this Section shall survive the expiration of this 235
Great Pond Lease. The foregoing notwithstanding, Tenant acknowledges, and Landlord is aware that 235 Great Pond meets the definition of an “establishment” under the Connecticut Property Transfer Act (“Transfer Act”). Tenant
agrees to be obligated for full compliance with all environemental laws, rules and regulations connected to the Premises and shall obligated therefore for the Term of the Lease. Upon the Expiration Date of the Term of the Lease, Landlord shall
become responsible for fulfilling any obligations that the Tenant may have as the “certifying party”, except to the extent such ongoing remediation obligations existing at the end of the Lease Term are caused by Tenant’s use of the
Property. 
 “Hazardous Material” means any material or substance: (1) defined as a “hazardous substance” pursuant
to any applicable state laws, rules and regulations as well as the Comprehensive Environmental Response, Compensation and Liability Act (42 USC Section 9601 et. seq.) and amendments thereto and regulations promulgated thereunder;
(2) containing gasoline, oil, diesel fuel or other petroleum products; (3) defined as a “hazardous waste” pursuant to the Federal Resource Conservation and Recovery Act (42 USC Section 6901 et. seq.) and amendments thereto
and regulations promulgated thereunder; (4) containing polychlorinated biphenyls (PCB’s); (5) containing asbestos; (6) radioactive; (7) biological; or (8) the presence of which requires investigation or remediation
under any Federal, hazardous substance, material or waste which is or becomes regulated by any Federal, State or local governmental authority, or which causes a nuisance upon or waste to the Premises.” 
  

	 	24.	DAMAGE AND DESTRUCTION 

 A. From the date of this Agreement
until the expiration of the term, including any renewals or holdover periods, Tenant shall be solely responsible for the cost of repairing, restoring or replacing any portion of the Premises (including the Building and any improvements) that are
partially or totally damaged or destroyed. In such event, Tenant shall, as soon as reasonably possible, commence and proceed diligently to restore the Premises substantially to their condition at the time of such damage or destruction. Tenant shall
have the use of any insurance proceeds resulting from the damage or destruction to the extent necessary to repair and/or replace the damaged or destroyed property. 
 B. Tenant understands that its rent and other obligations hereunder shall not be abated during the period of any damage, repair or restoration provided or in this Article and such damage or destruction shall not
create a right to terminate this Lease. 
  

	 	25.	DEFAULTS OF TENANT 

 The following occurrences shall be
deemed defaults by Tenant: 
 (a) Tenant shall fail to pay when due any rent or other sum payable under this 235 Great Pond Lease and such
failure continues for fifteen (15) days after written notice from Landlord. 
 (b) Tenant shall abandon or vacate the Premises before
the end of the term of this 235 Great Pond Lease, provided, however, that Tenant shall not be deemed to have abandoned or 

 
vacated or surrendered the Premises if Tenant meets all its financial and maintenance obligations under the 235 Great Pond Lease. 
 (c) Tenant shall be in breach of any other obligation under this 235 Great Pond Lease, and such breach shall continue for thirty (30) days after
written notice from Landlord. 
 (d) Tenant shall default on the 235 Great Pond lease agreement during a period in which the property is
owned by Landlord or an affiliate thereof. 
  

	 	26.	REMEDIES OF LANDLORD 

 In the event of a default by Tenant,
Landlord shall have the following rights and remedies in addition to all other rights and remedies otherwise available to Landlord: 
 (a)
Landlord shall be entitled to immediately accelerate upon written notice to Tenant the full balance of the present value of rent payable for the remainder of the term of this One Targeting Lease. Present value of the rent shall be determined at the
30-day libor interest rate existing at the time of Tenant’s default. 
 (b) Landlord shall have the right to terminate this 235 Great
Pond Lease upon written notice, in accordance with the Connecticut state law, to Tenant without prejudice to any claim for rents or other sums due or to become due under this 235 Great Pond Lease; and subject to applicable law. 
 (c) Landlord shall have the immediate right of re-entry and may remove all persons and property from the Premises. Such property may be removed and
stored at the cost of Tenant. Should Landlord elect to re-enter as herein provided, or should Landlord take possession pursuant to legal proceedings, Landlord may either terminate this 235 Great Pond Lease or from time to time, without terminating
this 235 Great Pond Lease, relet the Premises or any part thereof for such term or terms (which may be for a term extending beyond the term of this 235 Great Pond Lease) and at such rental or rentals and upon such other terms and conditions as
landlord, in the exercise of its sole discretion, deems advisable, with the right to make alterations and repairs to the Premises. Upon each reletting, (i) Tenant shall be immediately liable to pay to Landlord, in addition to any indebtedness
other than rent due hereunder, the cost and expense of such reletting and of any such alternations and repairs incurred by Landlord, and the amount, if any, by which the rent reserved in this 235 Great Pond Lease for the period of the reletting as
accelerated under Subparagraph (a) of this Paragraph, exceeds the amount agreed to be paid for rent for the Premises by the reletting Tenant; or (ii) at the option of Landlord, rents received by Landlord from such reletting shall be
applied first, to the payment of any indebtedness other than rent due hereunder from Tenant to Landlord; second to the payment of any costs and expenses of such reletting and of such alterations and repairs; third, to the payment of rent unpaid
hereunder; and the residue, if any, held by Landlord and applied in payment of future unaccelerated rent as the same may become and payable hereunder. 
 (d) Landlord may immediately sue to recover from Tenant all damages Landlord may incur by reason of Tenant’s default, including the cost of recovering the Premises, and including 

 
the present value of rent reserved and charged in this 235 Great Pond Lease for the remainder of the stated term as accelerated under Subparagraph
(a) of this Paragraph, all of which shall be immediately due and payable along with attorneys’ fees and Landlord shall attempt to mitigate damages in a commercially reasonable manner. 
  

	 	27.	LATE CHARGES AND INTEREST FOR PAST DUE PAYMENTS 

 All
installments of rent payable to Landlord under this 235 Great Pond Lease if not paid within five (5) days after they become due shall be subject to a later charge equal to five percent (5%) of the installment amount. In addition, any
payment of rent or other amount due from Tenant to Landlord which is not made when due under this 235 Great Pond Lease shall bear interest at the rate of seven percent (7%) per annum from the date of nonpayment to the date of payment.

  

	 	28.	LEGAL EXPENSES 

 In case suit shall be brought by Landlord
for recovery of possession of the 235 Great Pond Leased Premises, for the recovery of rent or any other amount due under the provisions of this 235 Great Pond Lease, or because of the breach of any other covenant herein contained on the part of
Tenant to be kept or performed, all expenses incurred therefor and for the defense thereof (including attorneys’ fees) shall be awarded to the party prevailing in such suit. 
  

	 	29.	MEMORANDUM OF LEASE 

 A Memorandum of 235 Great Pond Lease,
suitable for recording in the Office of the County Register of Deeds of the County within which the Premises are situated, and satisfactory in form to both Landlord and Tenant, shall be executed and recorded. Said document shall be entitled
“Memorandum of 235 Great Pond Lease” and shall incorporate the legal description of the Premises. 
  

	 	30.	SERVICE OF NOTICE 

 A. All notices or demands of any kind
which Landlord is required to or desires to serve on Tenant with respect to this 235 Great Pond Lease may be served by mailing a copy of such notice or demand to Tenant by certified mail, with return receipt requested and postage prepaid, addressed
to Tenant at the place last designated by it as the place at which notices may be served, or if not such written designation is then in effect then addressed to Tenant at the Premises. Tenant hereby designates the Premises as the place at which
notices shall be served. Service by mail shall be deemed complete at the expiration of the third day after the date of delivery thereto to the address specified. Any such notice shall be directed to the attention of counsel and copied to the
Facility Manager. 
 B. All notices or demands of any kind which Tenant is required to or desires to serve on Landlord with respect to this
235 Great Pond Lease may be served my mailing a copy of such notice or demand to Landlord by certified mail, with return receipt requested and posted prepaid, addressed to Landlord at the place last designated by it as the place at which notices may
be 

 
served. Landlord hereby designates 750 Trade Centre Way, Suite 100, Portage, MI 49002 and 108 South University, Suite Six, Mt. Pleasant, MI 48858 as the
place at which notices shall be served. Service by mail shall be deemed completed at the expiration of the third day after the date of delivery thereof to the address specified. 
  

	 	31.	APPLICABLE LAW AND PARTIES BOUND 

 This 235 Great Pond
Lease shall be construed under the laws of the State within which the Premises are situated and shall be binding upon and inure to the benefit, as the case may require, of the parties hereto and their respective heirs, executors, administrators,
successors and assigns. 
  

	 	32.	INTERPRETATION 

 The words “Landlord” and
“Tenant” as used herein, shall include, apply to, bind and benefit, as the context may permit or require, the parties executing this lease and their respective heirs, executors, administrators, successors and assigns. 
 Wherever the context so permits or requires, words of any gender used in this-235 Great Pond Lease shall be construed to include any other gender, and
words in the singular number shall be construed to include the plural. 
  

	 	33.	INVALIDITY 

 In the event that any term, provision,
condition or covenant contained in this 235 Great Pond Lease, or the application thereof to any person or circumstance, shall, to any extent, be invalid or unenforceable, or be held to be invalid or unenforceable, or be held to be invalid or
unenforceable by any court of competent jurisdiction, the remainder of this 235 Great Pond Lease, or the application of such term, provision, condition or covenant to persons or circumstances other than those as to which it is held invalid or
unenforceable, shall not be affected thereby and all such remaining terms, provisions, conditions and covenants in this 235 Great Pond Lease shall be deemed to be valid and enforceable. 
  

	 	34.	APPROVALS 

 Whenever in this 235 Great Pond Lease the
Landlord’s approval or consent is required, such approval or consent shall be in writing and Landlord covenants and agrees that such approval or consent shall not be unreasonably withheld. 
  

	 	35.	CAPTIONS 

 The headings and captions contained in this 235
Great Pond Lease are inserted only as a matter of convenience and for reference and in now way define, limit or describe the scope or intent of this 235 Great Pond Lease nor of any provision herein contained. 

	 	36.	CONFIDENTIALITY 

 Landlord and Tenant each agree that they
shall hold in strict confidence all documents and information concerning this transaction and the business and property of the other. No press release or public disclosure, either written or oral, of the terms of this 235 Great Pond Lease shall be
made by either party without the consent of the other. Notwithstanding the foregoing, Landlord may make such disclosures to its lenders, brokers or investors as is necessary to obtain the financing in this transaction or sell the Premises, within
its sole discretion. 
  

	 	37.	HOLDING OVER 

 Any holding over after the expiration of the
term, or any renewal hereof, with or without the consent of Landlord, shall be construed to be a tenancy from month to month, at One Hundred-Fifty percent (150%) of the rents specified for the period immediately preceding the expiration of the
last term or renewal term. The rent will be prorated on a monthly basis, and payable monthly, and shall otherwise be on the terms and conditions herein specified, so far as applicable. 
  

	 	38.	CORPORATE GUARANTY 

 VALASSIS COMMUNICATIONS, INC. shall
execute the Corporate Guaranty agreement attached hereto and incorporated into this 235 Great Pond Lease as Exhibit D. 
  

	 	39.	NET LEASE; NON-TERMINABILITY 

 A. This 235 Great Pond Lease
is a net lease and, except as otherwise expressly provided herein, any present or future law to the contrary notwithstanding, shall not terminate, nor shall Tenant be entitled to any abatement, reduction, set-off, counterclaim, defense or deduction
with respect to any rent or other sum payable hereunder, unless expressly provided to the contrary herein. 
 B. Non-Terminability. Tenant
shall remain obligated under this 235 Great Pond Lease in accordance with its terms and shall not take any action to terminate, rescind or avoid this 235 Great Pond Lease, unless expressly provided to the contrary herein. 
 IN WITNESS WHEREOF, the parties hereto have caused this instrument to be executed as of the day and year shown opposite their respective signatures
herein below. 
  

	
	LANDLORD:
	
	235 GREAT POND, LLC,
	a Michigan Limited Liability Company

			
	By:	 	/s/ Roger E. Hinman
		 	Roger E. Hinman
	Its:	 	Manager

  

			
	 SMITH CT 7, LLC
 a Michigan limited liability
company

		
	By:	 	/s/ W. Sidney Smith
		 	W. Sidney Smith, Manager

  

			
	 SMITH CT 8, LLC
 a Michigan limited liability
company

		
	By:	 	/s/ W. Sidney Smith
	W. Sidney Smith, Manager

  

			
	TENANT:
	
	VALASSIS DIRECT MAIL, INC.,
	a Delaware Corporation
		
	By:	 	/s/ Steven Mitzel
		 	Steven Mitzel
	Its:	 	Chief Financial OfficerTENET HEALTHCARE EIGHTH AMENDED AND RESTATED EMPLOYEE STOCK PURCHASE PLAN

 Exhibit 4.1 
 TENET HEALTHCARE CORPORATION 
 EIGHTH AMENDED AND RESTATED 
 1995 EMPLOYEE STOCK PURCHASE PLAN 
 Effective May 8, 2008 

 TABLE OF CONTENTS 
  

					
	 ARTICLE I - PURPOSE, COMMENCEMENT AND HISTORY
	  	1
	 1.1
	    	 Purpose
	  	1
	 1.2
	    	 Commencement and History
	  	1
		
	 ARTICLE II - DEFINITIONS
	  	3
	 2.1
	    	 Definitions
	  	3
		
	 ARTICLE III - ELIGIBILITY AND PARTICIPATION
	  	5
	 3.1
	    	 Eligibility
	  	5
	 3.2
	    	 Limitations
	  	5
	 3.3
	    	 Participation
	  	5
	 3.4
	    	 Termination of Employment
	  	6
	 3.5
	    	 Death, Retirement or Permanent Disability
	  	7
		
	 ARTICLE IV - PURCHASE OF COMMON STOCK
	  	8
	 4.1
	    	 Purchase of Common Stock
	  	8
	 4.2
	    	 Notice of Purchase, Stock Certificates, Voting Rights
	  	8
	 4.3
	    	 Notification of Disposition of Stock
	  	9
		
	 ARTICLE V - MISCELLANEOUS PROVISIONS
	  	10
	 5.1
	    	 Shares Subject to Plan; Adjustments
	  	10
	 5.2
	    	 Administration of the Plan
	  	10
	 5.3
	    	 Amendment of the Plan
	  	12
	 5.4
	    	 Termination of the Plan
	  	12
	 5.5
	    	 Governing Law; Compliance With Law
	  	13
	 5.6
	    	 No Assignment
	  	13
	 5.7
	    	 No Contract of Employment
	  	13
	 5.8
	    	 No Rights as Stockholder
	  	13

 ARTICLE I 
 PURPOSE, COMMENCEMENT AND HISTORY 
  

	1.1	Purpose 

 The purpose of the ESPP is to provide the
employees of the Company and its Subsidiaries with added incentive to continue in their employment and to encourage increased efforts to promote the best interests of the Company by permitting eligible employees to purchase shares of Common Stock of
the Company at prices less than the current market price thereof. The ESPP is intended to qualify as an employee stock purchase plan under section 423 of the Code and shall be interpreted and construed in accordance with such purpose. 
  

	1.2	Commencement and History 

 The ESPP was approved by
the Board of Directors of the Company on August 11, 1995 and approved by the Company’s shareholders on September 25, 1995. The purchase of Common Stock under the ESPP began with the calendar quarter commencing on April 1, 1996.

 The ESPP has been amended and restated on six prior occasions. Specifically, on July 30, 1997, the Board of Directors approved the
first amendment and restatement of the ESPP, which was approved by the Company’s shareholders on October 1, 1997. This amendment and restatement increased the maximum number of shares of Common Stock available for purchase under the ESPP
from 2,000,000 shares to 5,000,000 shares. 
 On December 3, 1997, the Board approved the second amendment and restatement of the ESPP.
Shareholder approval was not required for this amendment and restatement, which clarified the definition of “Covered Compensation.” 
 On July 28, 1999, the Board approved the third amendment and restatement of the ESPP, which was approved by the Company’s shareholders on October 6, 1999. This amendment and restatement increased the maximum number of shares
of Common Stock available for purchase under the ESPP from 5,000,000 shares to 9,500,000 shares. 
 On April 14, 2000, the Board approved
the fourth amendment and restatement of the ESPP. Shareholder approval was not required for this amendment and restatement, which modified the definition of “Covered Compensation” and delegated authority to amend, modify or alter the ESPP
to the Compensation Committee. 
 On April 10, 2001, the Compensation Committee approved the fifth amendment and restatement of the ESPP.
Shareholder approval was not required for this amendment and restatement, which changed the period new employees must wait before being eligible to participate in the ESPP from six months to 30 days. 
 On May 22, 2001, the Compensation Committee approved the sixth amendment and restatement of the ESPP. Shareholder approval was not required for this
amendment and restatement, which clarified the definition of “Covered Compensation” and other operational terms of the ESPP. 
 On
May 5, 2004 the Compensation approved the seventh amendment and restatement of the ESPP. Shareholder approval was not required for this amendment and restatement which amended the ESPP effective July 1, 2004 to (a) reduce the discount
on the purchase price for each share of Common Stock, (b) eliminate the “look back period” for purposes of determining the purchase price for each share of Common Stock, (c) eliminate the cashout provision applicable upon a
termination of employment, (d) impose a holding period of twelve (12) months on each share of Common Stock purchased by an active Employee under the ESPP, and (e) appoint the Plan Director to handle the day-to-day administration of
the ESPP on a ministerial basis. The terms of the seventh amendment and restatement are set forth in this document. 
 On March 5, 2008,
the Compensation Committee approved the eighth amendment and restatement of the ESPP, which was approved by the Company’s shareholders on May 8, 2008. This amendment and 

 
restatement increased the maximum number of shares of Common Stock available for purchase under the ESPP from 14,250,000 shares (taking into account the 3:2
stock split in 2001) to 16,250,000, an increase of 2,000,000 shares, resulting in approximately 2,213,000 shares remaining available for purchase (2,000,000 plus the number of shares previously authorized but not yet purchased as of
December 31, 2007 which was the last purchase date prior to this restatement of the ESPP). 
  

			
	  
	 	
	End of Article I	 	

  

 2 

 ARTICLE II 
 DEFINITIONS 
  

	2.1	Definitions 

 As used in the ESPP, the following
terms and phrases shall have the following meanings: 
  

	 	(a)	“Board of Directors” means the Board of Directors of the Company. 

  

	 	(b)	“Closing Market Price” means (i) if the Common Stock is traded on a national securities exchange, the Closing Market Price shall be the closing price
reported by the applicable composite transactions report on the date of any determination or, if the Common Stock is not traded on such date, the closing price so reported on the next following date on which the Common Stock is traded on such
exchange, or (ii) if the foregoing provision is inapplicable, the Closing Market Price shall be determined by the Compensation Committee in good faith on such basis as it deems appropriate. 

  

	 	(c)	“Code” means the Internal Revenue Code of 1986, as amended. 

  

	 	(d)	“Commencement Date” means the first day of a Plan Quarter. 

  

	 	(e)	“Compensation Committee” means the Compensation Committee of the Board of Directors, or such other committee designated by the Board of Directors for purposes of
administering the ESPP. 

  

	 	(f)	“Common Stock” means the common stock of the Company, par value $0.05 per share. 

  

	 	(g)	“Company” means Tenet Healthcare Corporation, a Nevada corporation. 

  

	 	(h)	“Contribution Account” means the bookkeeping account established on behalf of a Participant pursuant to Article III to which shall be credited his or her
Participant Contributions. 

  

	 	(i)	“Contribution Rate” means the percentage of a Participant’s Covered Compensation during each payroll period designated by each such Participant to be
contributed by regular payroll deductions to his or her Contribution Account as set forth in Section 3.3 . 

  

	 	(j)	“Covered Compensation” means: 

  

	 	(i)	The entire amount paid to an Employee by a Sponsoring Employer for the performance of duties including base salaries, wages paid on an hourly or other time basis,
commissions, overtime and certain other amounts of cash compensation paid during the Plan Quarter, excluding bonuses, foreign service pay, hardship withdrawal allowances and any other pay intended to reimburse the Employee for the higher cost
of living outside the United States, Annual Incentive Plan Awards, automobile allowances, ExecuPlan payments, housing allowances, relocation payments, deemed income, income payable under the stock incentive plans, Christmas gifts, insurance premiums
and other imputed income, pensions, retirement benefits, prizes or awards (such terms to include, but not be limited to, amounts redeemed by an Employee from rideshare points, either in cash or in merchandise purchased by the Employee with such
points). 

  

	 	(ii)	The entire amount paid to an Employee by a Sponsoring Employer on account of a period of time during which no duties are performed, including salaries, wages paid on an
hourly or other time basis, commissions and salary or wage continuation paid during vacation, holiday, illness, jury duty, military duty or leave of absence, regardless of the form of payment, excluding (A) any payments made or due under
a plan maintained solely for the purpose of complying with workers’ compensation or unemployment compensation or disability insurance laws, (B) any payment which solely reimburses the Employee for expenses incurred by the Employee,
(C) severance pay, or (D) imputed income. 

  

 3 

	 	(iii)	For purposes of Subparagraphs (i) and (ii) above, “Covered Compensation” for any Plan Quarter shall also include amounts described in Subparagraph
(i) and (ii) which are deferred by a Participant under the Tenet Healthcare Corporation 401(k) Retirement Savings Plan, as amended, in accordance with section 401(a) of the Code, under a “cafeteria plan” maintained by the Company
or a subsidiary in accordance with section 125 of the Code, or under the Company’s deferred compensation plans. 

  

	 	(k)	“Employee” means each employee of a Sponsoring Employer whose customary employment is at least twenty (20) hours a week and more than six months in a calendar
year and who has reached the age of majority in his or her state of residence. For purposes of the ESPP, “employment” shall be determined in accordance with the provisions of section 1.421-7(h) of the Treasury Regulations (or any successor
regulations). 

  

	 	(l)	“ESPP” means the Eighth Amended and Restated 1995 Employee Stock Purchase Plan as set forth herein, as it may be amended from time to time.

  

	 	(m)	“Participant” means any Employee of a Sponsoring Employer who has met the conditions and provisions for becoming a Participant set forth in Article III.

  

	 	(n)	“Participant Contributions” means the aggregate dollars actually contributed by each Participant to his or her Contribution Account. 

  

	 	(o)	“PAC” means the Pension Administration Committee of the Company designated by the Compensation Committee for purposes of assisting with the administration of the
ESPP. 

  

	 	(p)	“Permanent Disability” means an illness, injury or other physical or mental condition of an Employee that continues for at least one hundred and eighty
(180) consecutive days and results in the Employee’s inability to provide in all material respects the duties previously performed in his or her capacity as an Employee of a Sponsoring Employer. 

  

	 	(q)	“Plan Director” means the individual appointed by the Compensation Committee to handle the day-to-day administration of the ESPP on a ministerial basis as specified
in Section 5.2(b). 

  

	 	(r)	“Plan Quarter” means each calendar quarter. The first Plan Quarter was the Plan Quarter commencing on April 1, 1996, and ending on June 30, 1996.

  

	 	(s)	“Purchase Date” means the last business day of a Plan Quarter on which the Common Stock publicly trades. 

  

	 	(t)	“Purchase Price” means the purchase price for a share of Common Stock to be paid by a Participant on a Purchase Date, which shall equal ninety five percent
(95%) of the Closing Market Price on the Purchase Date of such Plan Quarter. 

  

	 	(u)	“Request for Participation” means the form prescribed by the Plan Director for distribution to Employees in connection with participation in the ESPP.

  

	 	(v)	“Sponsoring Employers” means the Company and each Subsidiary that has been designated by the Compensation Committee as a Sponsoring Employer under the ESPP.

  

	 	(w)	“Subsidiary” means a subsidiary of the Company which is treated as a subsidiary corporation under section 424(f) of the Code. 

  

			
	  
	 	
	End of Article II	 	

  

 4 

 ARTICLE III 
 ELIGIBILITY AND PARTICIPATION 
  

	3.1	Eligibility 

 Each Employee shall become eligible to
be a Participant in the ESPP and may participate in the ESPP as of the Commencement Date of a Plan Quarter if such Employee has been an Employee for at least thirty (30) days prior to such Commencement Date. The date on which Employees may
become eligible to become Participants of the ESPP may be amended, from time to time, by the Compensation Committee or the PAC. 
  

	3.2	Limitations 

 Notwithstanding anything to the
contrary contained in the ESPP, no right to purchase Common Stock shall accrue under the ESPP in favor of any person who is not an Employee eligible to participate in the ESPP under Section 3.1, and no Employee shall acquire the right to
purchase shares of Common Stock: 
  

	 	(a)	If immediately after receiving such right to purchase Common Stock, such Employee would own five percent (5%) or more of the total combined voting power or value of all
classes of stock of the Company or any Subsidiary, taking into account in determining stock ownership any stock attributable to such Employee under section 424(d) of the Code; 

  

	 	(b)	If to do so would permit such Employee’s right to purchase stock under all employee stock purchase plans (to which section 423 of the Code applies) of the Company and
its Subsidiaries, as those plans are in effect from time to time, to accrue at a rate which exceeds Twenty-Five Thousand Dollars ($25,000) of fair market value of such stock (as determined as of each Commencement Date) for each calendar year, all as
specified in the manner provided by section 423(b)(8) of the Code; or 

  

	 	(c)	If to do so would permit such Employee the right to purchase more than Four Thousand (4,000) shares (or such other number as may be determined in advance for any
Purchase Period by the Compensation Committee) of Common Stock in any Purchase Period. 

 This Section 3.2 shall not
preclude purchases of Common Stock in connection with an Employee’s termination, death, retirement or Permanent Disability pursuant to Sections 3.4 and 3.5. 
  

	3.3	Participation 

  

	 	(a)	Summary of ESPP and Request for Participation Form. Each Employee eligible to be a Participant in the ESPP may enroll by completing a Request for Participation and filing it
with the Plan Director not later than fifteen (15) days prior to a Commencement Date of a Plan Quarter. The completed Request for Participation shall indicate the Contribution Rate authorized by the Participant. If any Employee does not elect
to participate in the ESPP during any given Plan Quarter, such Employee may elect to participate on any future Commencement Date so long as he or she continues to be an eligible Employee. An Eligible Employee who enrolls in the ESPP shall be
furnished a summary of the ESPP by the Plan Director. 

  

	 	(b)	Payroll Deduction Authorization. On his or her Request for Participation, an Employee must authorize his or her Sponsoring Employer to deduct through a payroll
deduction the amount of such Employee’s Participant Contribution. The payroll deduction specified in a Request for Participation for each payroll period shall be at a Participant Contribution Rate no less than one percent (1%) and no more
than ten percent (10%) of such Employee’s Covered Compensation during such payroll period paid to him or her by his or her Sponsoring Employer. Such deductions shall begin as of the first pay period ending after the Commencement Date of a
Plan Quarter. Participant Contributions will not be permitted to begin at any time other than immediately after the Commencement Date of a Plan Quarter. Participant Contributions will be credited to the Participant’s Contribution Account. No
interest shall accrue on amounts credited to Participant Contribution Accounts, unless and until the Compensation Committee shall approve such accrual of interest on terms that it shall specify and apply on a uniform basis as to all Participants.

  

 5 

	 	(c)	Changes in Contribution Rate. The Participant’s Contribution Rate, once established, shall remain in effect for all Plan Quarters unless changed by the Participant in
writing delivered to the Plan Director at least fifteen (15) days prior to the Commencement Date of the next Plan Quarter. Such change in the Participant’s Contribution Rate will be effective on the Commencement Date of the next Plan
Quarter. A Participant’s Contribution Rate for a Plan Quarter may not be increased, decreased or otherwise modified at any time during the fifteen (15)-day period prior to the Commencement Date of such Plan Quarter. 

  

	 	(d)	Discontinuation of Contributions. A Participant may notify the Plan Director of such Participant’s desire to discontinue his or her Participant Contributions by
delivering to the Plan Director written notice on such forms as may be provided by the Plan Director. If the Participant desires to cease Participant Contributions for the current Plan Quarter, the Participant must indicate that on the form and such
form must be returned to the Plan Director at least fifteen (15) days prior to the Purchase Date of the relevant Plan Quarter. Upon such request, there shall be refunded to such Participant as soon as practicable the entire cash balance in his
or her Contribution Account. Alternatively, the Participant may elect to cease Participant Contributions for the next Plan Quarter by so indicating on the form and returning the form to the Plan Director before the last day of the current Plan
Quarter, in which case the balance in his Participant Contribution Account will be used to purchase shares of Common Stock in accordance with Article IV but no Participant Contributions or stock purchases shall be made following the current Plan
quarter unless the Participant reenrolls in the ESPP. 

 If a Participant determines to discontinue his or her Participant
Contributions pursuant to this Section 3.5(d), (i) such Participant shall be terminated from the ESPP effective upon the date specified in the Participant’s notice to the Plan Director, and (ii) such Participant
shall not be permitted to be a Participant in the ESPP for the remainder of the calendar year in which such notice is received; provided, that if the Participant is subject to the reporting requirements of Section 16 of the Securities and
Exchange Act of 1934, as amended, the Participant may not participate in the ESPP for at least six (6) months. 
 In the event a
Participant’s payroll deduction is prevented by legal process, the Participant will be deemed to have terminated from the ESPP and the balance in such Participant’s Participant Contribution Account will either be refunded or used to
purchase additional shares of Common Stock depending on whether such termination of payroll deductions occurs before or after the fifteenth (15th) day prior to the Purchase Date of the relevant Plan Quarter (i.e., if the termination is
on or before the fifteenth (15th) day prior to the Purchase Date of the relevant Plan Quarter, the balance in the Participant’s Participant Contribution Account shall be refunded and if the termination is after the fifteenth
(15th) day prior to the Purchase Date of the relevant Plan Quarter, the balance in his Participant Contribution Account shall be used to purchase shares of Common Stock in accordance with Article IV). 
  

	 	(e)	Establishment of Brokerage Account and Withdrawal of Shares. By enrolling in the ESPP, each Participant will be deemed to have authorized the establishment of a brokerage
account in his or her name at a securities brokerage firm or other financial institution selected by the Compensation Committee in its discretion. 

 Only whole shares of Common Stock may be withdrawn by the Participant under the ESPP and any fractional shares of Common Stock purchased with respect to a Participant shall be paid to the Participant in cash.

  

	3.4	Termination of Employment 

 Any Participant
(a) whose employment by a Sponsoring Employer is terminated for any reason (except death, retirement or Permanent Disability), or (b) who shall cease to be an Employee under the ESPP, shall cease being a Participant as of the
date of such termination of employment or cessation of Employee status. 
  

 6 

 A Participant may withdraw amounts credited to his or her Contribution Account upon such termination of
employment by submitting a withdrawal request to the Plan Director at least fifteen (15) days before the last day of the applicable Plan Quarter. If the Participant does not submit such a withdrawal request, amounts credited to his or her
Contribution Account will be used to purchase Common Stock pursuant to the terms of the ESPP. 
  

	3.5	Death, Retirement or Permanent Disability 

  

	 	(a)	Death. If a Participant dies during a Plan Quarter, no further Participant Contributions on behalf of the deceased Participant shall be made. Unless the executor or
administrator of the deceased Participant’s estate instructs the Plan Director otherwise in writing at least fifteen (15) days prior to the Purchase Date in respect of such Plan Quarter, the balance accumulated in the deceased
Participant’s Contribution Account shall be refunded to the Participant’s estate. 

  

	 	(b)	Retirement or Permanent Disability. If, during a Plan Quarter, a Participant’s employment by a Sponsoring Employer is terminated due to (i) retirement or
(ii) Permanent Disability, no further contributions on behalf of the retired or disabled Participant shall be made. A retired or disabled Participant may elect to withdraw the balance in his or her Contribution Account by notifying the
Plan Director in writing at least fifteen (15) days prior to the last day of the Plan Quarter. In the event no election to withdraw has been made, the balance accumulated in the retired or disabled Participant’s Contribution Account shall
be used to purchase shares of Common Stock in accordance with Article IV. In the event a retired or disabled Participant dies during the Plan Quarter of such Participant’s retirement or disability and such Participant shall not have notified
the Plan Director of his or her desire to withdraw his or her Contribution Account, the executor or administrator of such Participant’s estate shall have all the rights provided pursuant to Section 3.5(a). 

  

			
	  
	 	
	End of Article III	 	

  

 7 

 ARTICLE IV 
 PURCHASE OF COMMON STOCK 
  

	4.1	Purchase of Common Stock 

  

	 	(a)	Purchase on Each Purchase Date. On each Purchase Date, each Participant’s Contribution Account shall be used to purchase the maximum number of shares of Common Stock
determined by dividing (i) the Participant’s Contribution Account as of such Purchase Date by (ii) the Purchase Price in respect of such Plan Quarter. 

  

	 	(b)	Adjustment of Shares. If, in any Plan Quarter, the total number of shares of Common Stock to be purchased pursuant to the ESPP by all Participants exceeds the number of
shares authorized under the ESPP, then each Participant shall purchase his or her pro rata portion of the shares of Common Stock remaining available under the ESPP based on the ratio that (i) the balance of each Participant’s
Contribution Account as of the Purchase Date bears to (ii) the total balance of all Participants’ Contribution Accounts as of the Purchase Date; provided, however, that, in no event, shall any fractional shares of Common Stock be
issued pursuant to the ESPP or this Section 4.1(b). 

  

	 	(c)	Dividends. Any cash dividends paid with respect to shares of Common Stock held for the account of a Participant shall be, as determined by the Compensation Committee on a
uniform basis as to all Participants, either (i) distributed to the Participant or (ii) credited to the Participant’s Contribution Account and used, in the same manner as payroll deductions, to purchase additional shares
of Common Stock under the ESPP on the next Purchase Date (subject to the limitations of Section 3.2). 

  

	4.2	Notice of Purchase, Stock Certificates, Voting Rights 

  

	 	(a)	Notice of Purchase and Holding Period. After the Purchase Date in respect of each Plan Quarter, a report will be sent by the Plan Director, or the agent designated pursuant
to Section 5.2(d), to each Participant stating the entries made to his or her Contribution Account, the number of shares of Common Stock purchased and the applicable Purchase Price. Shares of Common Stock purchased by active Employees
(i.e., those who as of the Purchase Date have not terminated employment, retired, died or incurred a Permanent Disability) will be subject to restrictions on transfer in the form of a twelve (12) month holding period during which period
such shares of Common Stock may not be sold, assigned, pledged, exchanged, hypothecated or otherwise transferred (i.e., the Employee may not dispose of such shares for a period of at least twelve (12) months from the Commencement Date);
provided, that the Employee remains an active Employee during such twelve (12) month holding period. If the Employee terminates active employment during the twelve (12) month holding period, such holding period will cease to apply.

  

	 	(b)	Stock Certificates. Evidence of shares of Common Stock purchased under the ESPP shall be maintained under the ESPP for the account of each Participant and registered in the
manner determined by the Compensation Committee. As soon as practicable after each Purchase Date, the Company shall issue one or more certificates representing the total number of whole shares of Common Stock purchased under the ESPP by Participants
in the aggregate. Any such certificate shall be held by the Company (or its agent) and may be held in street name. 

 If the
Company issues a certificate representing the shares of more than one Participant, the Company shall keep accurate records of the beneficial interests of each Participant in each such certificate by means of a Company stock account. Each Eligible
Employee shall be provided with such periodic statements as may be directed by the Compensation Committee reflecting all activity in any such Company stock account. In the event the Company is required to obtain from any commission or agency
authority to issue any such certificate, the Company shall seek to obtain such authority. Inability of the Company to obtain from any such commission or agency authority which counsel for the Company deems necessary for the lawful issuance of any
such certificate shall relieve the Company from liability to any Participant in the ESPP except to return to him or her the amount of the balance in his or her Participant Contribution Account. 
  

 8 

 A Participant may, following the end of the twelve (12) month holding period and on the form
prescribed by the Compensation Committee, request the Company or its agent to deliver to such Participant a certificate issued in his or her name representing all or a part of the aggregate whole number of shares of Common Stock then held by the
Company on his or her behalf under the Plan. Further, the Company may, at its election, and for any reason, including without limitation following the Participant’s termination of employment with a Sponsoring Employer, deliver to such
Participant a certificate issued in his or her name representing the aggregate whole number of shares of Common Stock then held by the Company on his or her behalf under the Plan. While shares of Common Stock are held by the Company, or its agent,
(i.e., before a certificate has been issued to the Participant or his or her broker) such shares may not be sold, assigned, pledged, exchanged, hypothecated or otherwise transferred, encumbered or disposed of by the Participant who has
purchased such shares; provided, however, that such restriction shall not preclude a transfer of such shares of Common Stock pursuant to (i) Section 5.1(b), but the stock, securities or other property received in exchange therefor
shall be held by the Company pursuant to the provisions hereof or (ii) a divorce. 
 The Compensation Committee may cause the
stock certificates issued in connection with the purchase of Common Stock under the Plan to bear such legend or legends as are necessary to reflect the twelve (12) month holding period, and the Compensation Committee may take such other
actions, as it deems appropriate in order to reflect the provisions of this Subparagraph and to assure compliance with applicable securities laws. Neither the Company nor the Compensation Committee shall have any liability with respect to a delay in
the delivery of a Stock certificate pursuant to this Subparagraph. 
  

	 	(c)	Voting. Shares of Common Stock held under the ESPP for the account of each Participant shall be voted by the holder of record of such shares in accordance with the
Participant’s instructions. 

  

	4.3	Notification of Disposition of Stock 

 If a
Participant or former Participant disposes of a share of Common Stock purchased under the ESPP prior to two (2) years after the Commencement Date of the Plan Quarter during which such share was purchased, then such Participant or former
Participant shall notify the Plan Director immediately of such disposition in writing. As provided in Section 4.2, a Participant who is an active Employee on a Purchase Date may not dispose of shares of Common Stock purchased on the Purchase
Date within twelve (12) months after such Commencement Date; provided, that the Participant remains an active Employee during such twelve (12) month period. If the Participant terminates active employment during the twelve (12) month
holding period, such holding period shall cease to apply. 
  

			
	  
	 	
	End of Article IV	 	

  

 9 

 ARTICLE V 
 MISCELLANEOUS PROVISIONS 
  

	5.1	Shares Subject to Plan; Adjustments 

  

	 	(a)	Maximum Number of Shares. The maximum number of shares of Common Stock which may be purchased under the ESPP is 2,000,000 plus the number of shares previously authorized but
not purchased under the ESPP (i.e., 14,250,000 less the number of shares that have been purchased pursuant to the ESPP), subject, however, to adjustment as hereinafter set forth. The shares of Common Stock to be purchased under the ESPP will
be made available, at the discretion of the Board of Directors or the Compensation Committee, either from authorized but unissued shares of Common Stock or from previously issued shares of Common Stock reacquired by the Company, including shares
purchased on the open market. 

  

	 	(b)	Adjustment of Shares. If the outstanding shares of Common Stock of the Company are increased, decreased, or exchanged for a different number or kind of shares or other
securities, or if additional shares or new or different shares or other securities are distributed with respect to such shares of Common Stock or other securities, through merger, consolidation, spin off, sale of all or substantially all of the
property of the Company, reorganization, recapitalization, reclassification, stock dividend, stock split, reverse stock split or other distribution with respect to such shares of Common Stock, or other securities, an appropriate and proportionate
adjustment may be made in the maximum number and kind of shares provided in Section 5.1(a), subject in the case of certain corporate reorganizations to the requirements of section 424(a) of the Code. 

  

	5.2	Administration of the Plan 

  

	 	(a)	Responsible Party. The Compensation Committee shall be responsible for the administration of the ESPP including, but not limited to, the determination of eligibility to
participate in the Plan and limitations on the number of shares of Common Stock eligible for purchase under the ESPP. In carrying out such responsibilities, the Compensation Committee shall have the discretionary authority to interpret and construe
the ESPP and determine all questions arising in the administration, application and operation of the ESPP, including all questions of fact and all questions of interpretation of the provisions of the ESPP and shall correct any defect or supply any
omission or reconcile any inconsistency in the ESPP in the manner and to the extent that the Compensation Committee deems desirable to carry out the terms of the ESPP. All such determinations by the Compensation Committee shall be conclusive and
binding on all persons. The Compensation Committee, from time to time, may adopt, amend and rescind rules and regulations not inconsistent with the ESPP for carrying out the administration of the ESPP, and may approve the forms of any documents or
writings provided for in the ESPP. 

 The Compensation Committee shall have full discretionary authority to delegate certain of
its administrative functions under this Section 5.2(a) to the PAC. In addition, the Compensation Committee or, if applicable, the PAC shall have full discretionary authority to delegate ministerial functions in the administration of the ESPP to
employees of the Company. 
  

	 	(b)	Delegation of Duties. The Compensation Committee has delegated certain of its administrative functions under Section 5.2(a) to the PAC as set forth in this document. In
addition, the Compensation Committee has delegated the ministerial administrative functions of the ESPP, including the responsibility for the day-to-day administration of the ESPP, to the Plan Director as set forth in this document.

  

	 	(i)	Duties of the PAC. The PAC shall have the following administrative responsibilities 

  

	 	(A)	To modify the date on which Employees are eligible to participate in the ESPP pursuant to Section 3.1. 

  

	 	(B)	To delegate ministerial functions in the administration of the ESPP to employees of the Company. 

  

 10 

	 	(C)	To enforce the terms of the ESPP and any rules and regulations adopted by the Compensation Committee. 

 The foregoing list of express powers is not intended to be either complete or conclusive, and the PAC will, in addition, have such powers as it may
reasonably determine to be necessary or appropriate in the performance of its powers and duties under the ESPP. 
  

	 	(ii)	Duties of the Plan Director. The Plan Director shall have the following administrative responsibilities: 

  

	 	(A)	To determine an Employee’s eligibility to participate in the ESPP; 

  

	 	(B)	To provide eligible Employees with a summary of the provisions of the ESPP and a Request for Participation and to prescribe the procedures to be followed by such Employees in order
to commence participation in the ESPP; 

  

	 	(C)	To maintain Participant Contribution Accounts pursuant to Article III. 

  

	 	(D)	To determine the number of shares of Common Stock that may be purchased by each Participant as of each Purchase Date, to communicate the same to each such Participant and to ensure
that the twelve (12) month holding period is met with respect to shares of Common Stock purchased by active Employee Participants; 

  

	 	(E)	To implement a Participant’s changes in Contribution Rate; 

  

	 	(F)	To implement a Participant’s cessation of Participant Contributions and the associated suspension in ESPP participation pursuant to Section 3.3(d);

  

	 	(G)	To process withdrawal requests with respect to a Participant’s Contribution Account upon the Participant’s termination, retirement or Permanent Disability;

  

	 	(H)	To refund the balance of a Participant’s Contribution Account upon the Participant’s death; 

  

	 	(I)	To determine the proportionate number of shares of Common Stock that may be purchased by each Participant pursuant to Section 4.1(b); 

  

	 	(J)	To receive notice from each Participant of a disposition of shares of Common Stock purchased under the ESPP within two (2) years as provided under Section 4.3;

  

	 	(K)	To receive such information from the Company, the Sponsoring Employers and Participants as may be necessary in order to administer the ESPP; 

  

	 	(L)	To furnish the Company with information that the Company may require for tax or other purposes; 

  

	 	(M)	To engage the service of counsel (who may, if appropriate, be counsel for the Company) and agents whom it may deem advisable to assist it with the performance of its duties

  

	 	(N)	To establish and maintain, or cause to be maintained, the individual accounts described in Section 4.2; 

  

	 	(O)	To create and maintain such records and forms as are required for the efficient administration of the Plan; 

  

 11 

	 	(P)	To comply with applicable federal, state and local tax withholding requirements; 

  

	 	(Q)	To enforce the terms of the ESPP and any rules and regulations adopted by the Compensation Committee; 

  

	 	(R)	To implement any rules or restrictions imposed by the Compensation Committee pursuant to Section 5.2(e) regarding section 16 of the Securities and Exchange Act of 1934;

  

	 	(S)	To utilize the services of third parties to carry out the duties specified in Section 5.2(b)(ii); and 

  

	 	(T)	To comply with all applicable reporting and disclosure obligations imposed on the ESPP. 

 The foregoing list of express powers is not intended to be either complete or conclusive, and the Plan Director will, in addition, have such powers as it may reasonably determine to be necessary or appropriate in the
performance of its powers and duties under the ESPP. 
  

	 	(c)	Liability. No member of the Board of Directors, the Compensation Committee, the PAC or the Plan Director shall be liable for any action, determination or omission taken or
made in good faith with respect to the ESPP or any right granted under the ESPP. 

  

	 	(d)	Custodial and Recordkeeping Services. The Compensation Committee may in its discretion engage a bank trust department, securities brokerage firm or other financial
institution as agent to perform custodial and recordkeeping functions for the ESPP, such as holding record title to the Participant’s stock certificates, maintaining an individual investment account for each Participant and providing periodic
account status reports to Participants. 

  

	 	(e)	Exchange Act Requirements. The Compensation Committee shall have the authority to adopt and enforce such special rules and restrictions under the Pan to be applicable to
Participants who are subject to section 16 of the Securities and Exchange Act of 1934, as amended, as the Compensation Committee shall deem are necessary or appropriate to exempt certain ESPP transactions from the requirements of such section 16.

  

	 	(f)	Costs of Administration. The Company and the Sponsoring Employers shall bear the cost of administering the ESPP, including any fees, costs and expenses relating to the
purchase of shares of Common Stock under the ESPP. Notwithstanding the foregoing, Participants will be responsible for all fees, costs and expenses incurred in connection with the disposition of shares of Common Stock purchased under the ESPP.

  

	5.3	Amendment of the Plan 

 The Compensation Committee
shall have the authority to modify, alter or amend the ESPP at any time and from time to time to any extent that it may deem advisable, including, without limiting the generality of the foregoing, any amendment deemed necessary to ensure compliance
of the ESPP with section 423 of the Code. Notwithstanding the foregoing, no amendment of the ESPP shall operate to reduce any amounts previously allocated to a Participant’s Contribution Account nor to reduce a Participant’s rights with
respect to shares of Common Stock previously purchased and held on his or her behalf under the ESPP. 
  

	5.4	Termination of the Plan 

 The Company may, by action
of the Board of Directors, terminate the ESPP at any time and for any reason. The ESPP shall automatically terminate upon the purchase by Participants of all shares of Common Stock subject to the ESPP under Section 5.1, unless such number of
shares shall be increased by the Board of Directors and such increase shall be approved by the shareholders of the Company. Upon termination of the ESPP, as soon as practicable there shall be refunded to each Participant the entire cash balance in
his or her 

  

 12 

 
Contribution Account, and there shall be forwarded to the Participants certificates for all shares of Common Stock held under the ESPP for the accounts of
Participants. The Company in its discretion may waive any holding period with respect to such Common Stock. The Board of Directors may suspend operation of the ESPP for any period as it may deem advisable. 
  

	5.5	Governing Law; Compliance With Law 

 The ESPP shall
be construed in accordance with the laws of the State of Nevada. The Company’s obligation to sell and deliver shares of Common Stock hereunder shall be subject to all applicable federal and state laws, rules and regulations and to such
approvals by any regulatory or governmental agency as may, in the opinion of counsel for the Company, be required. The Company may make such provisions as it may deem appropriate for the withholding of any taxes or payment of any taxes which it
determines it may be required to withhold or pay in connection with a Participant’s participation in the ESPP. 
  

	5.6	No Assignment 

 The purchase rights granted
hereunder are not assignable or transferable by the Participants, other than by will or the laws of descent and distribution, and are exercisable during the Participant’s lifetime only by the Participant. Any attempted assignment, transfer or
alienation not in compliance with the terms of the ESPP shall be null and void for all purposes and respects. 
  

	5.7	No Contract of Employment 

 The ESPP will not be
deemed to constitute a contract between a Sponsoring Employer and any Participant nor to be consideration nor an inducement for the employment of any Participant or Employee. Nothing contained in the ESPP shall be deemed to give any Participant or
Employee the right to be retained in the service of a Sponsoring Employer or to interfere with the right of a Sponsoring Employee to discharge any Participant or Employee at any time regardless of the effect which such discharge shall have upon him
or her as a Participant of the ESPP. 
  

	5.8	No Rights as Stockholder 

 No eligible Employee or
Participant shall by reason of participation in the ESPP have any rights of a stockholder of the Company until he or she acquires shares of Common Stock as herein provided. 
  

			
	  
	 	
	End of Article V	 	

  

 13

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