Document:

EX-4.1

 Exhibit 4.1 
  

 
  

SECOND SUPPLEMENTAL INDENTURE 

Dated as of March 10, 2014 

Supplementing that Certain 

INDENTURE 
 Dated as of
March 28, 2013 
  
  

Among 
 CARLYLE HOLDINGS II
FINANCE L.L.C., 
 THE GUARANTOR PARTIES HERETO 

and 
 THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A., 
 as Trustee 
  

 
 5.625% Senior
Notes due 2043 
  
  

 

 This Second Supplemental Indenture, dated as of March 10, 2014 (the “Second
Supplemental Indenture”), among Carlyle Holdings II Finance L.L.C., a limited liability company duly organized and existing under the laws of the State of Delaware, having its principal office at 1001 Pennsylvania Avenue, NW, Washington,
District of Columbia 20004 (the “Company”), the Guarantors party hereto and The Bank of New York Mellon Trust Company, N.A., as Trustee (the “Trustee”) under the Indenture (as hereinafter defined) and hereunder,
supplements that certain Indenture, dated as of March 28, 2013, among the Company, the Guarantors named therein and the Trustee (the “Base Indenture”), as supplemented by the first supplemental indenture thereto, dated as of
March 28, 2013 among the Company, the Guarantors and the Trustee (the “First Supplemental Indenture” and, together with the Base Indenture and this Second Supplemental Indenture, the “Indenture”). 

RECITALS OF THE COMPANY 

The Company and the Guarantors have heretofore executed and delivered to the Trustee the Base Indenture providing for the issuance from time
to time of one or more series of the Company’s senior unsecured debt securities (herein and in the Base Indenture and the First Supplemental Indenture called the “Securities”), the forms and terms of which are to be determined
as set forth in Sections 201 and 301 of the Base Indenture, and the Guarantees thereof by the Guarantors. 
 Section 901 of the Base
Indenture provides, among other things, that the Company, the Guarantors and the Trustee may enter into indentures supplemental to the Base Indenture for, among other things, the purposes of (a) establishing the form or terms of Securities of
any series as permitted by Sections 201 and 301 of the Base Indenture and (b) adding to or changing any of the provisions to the Base Indenture in certain circumstances. 

Pursuant to the Base Indenture and the First Supplemental Indenture, the Company initially issued $400,000,000 of its 5.625% Senior Notes due
2043 (the “Initial Notes”). Section 1.1(2) of the First Supplemental Indenture provides that the Company may provide for the issuance of Additional Notes (as defined in the First Supplemental Indenture) as permitted by
Section 301 of the Base Indenture. 
 The Company wishes to issue an additional $200,000,000 of its 5.625% Senior Notes due 2043 as
Additional Notes under the First Supplemental Indenture and the Base Indenture. In connection with the issuance of the Additional Notes, the Company has duly authorized the execution and delivery of this Second Supplemental Indenture and the
Additional Notes to be issued from time to time, as provided for in the Indenture. 
 All things necessary have been done to make this
Second Supplemental Indenture a valid and legally binding agreement of the Company, in accordance with its terms, and to make the Additional Notes, when executed by the Company and authenticated and delivered and under the Indenture and duly issued
by the Company, the valid and legally binding obligations of the Company. 

 All things necessary have been done to make the Guarantees, upon execution and delivery of this
Second Supplemental Indenture, the valid and legally binding obligations of each Guarantor and to make this Second Supplemental Indenture a valid and legally binding agreement of each Guarantor, in accordance with its terms. 

ARTICLE I 
 Issuance of
Securities 
 SECTION 1.1. Issuance of Notes; Principal Amount; Maturity; Title. 

(1) As of the date hereof, the Company shall issue and deliver to the Trustee, and the Trustee shall authenticate, the Additional Notes
substantially in the form set forth in Section 3.2 of the First Supplemental Indenture, in each case with such appropriate insertions, omissions, substitutions and other variations as are required or permitted by the Base Indenture and this
Second Supplemental Indenture, and with such letters, numbers, or other marks of identification and such legends or endorsements placed thereon as may be required to comply with applicable tax laws or the rules of any securities exchange or
Depositary therefor or as may, consistently herewith, be determined by the Officer executing such Notes, as evidenced by the execution of such Notes. 

(2) The Additional Notes to be issued pursuant to this Supplemental Indenture constitute Additional Notes issued pursuant to
Section 1.1(2) of the First Supplemental Indenture and shall be consolidated with and form a single class with the Initial Notes previously established pursuant to the Base Indenture and the First Supplemental Indenture. The Additional Notes
shall have the same terms and conditions in all respects as the Initial Notes, except that the issue date of the Additional Notes shall be March 10, 2014 and the date from which interest shall accrue on the Additional Notes shall be
September 30, 2013. 
 (3) The Additional Notes shall be issued in the aggregate principal amount of $200,000,000 and shall mature on
the Stated Maturity, unless the Notes are redeemed prior to that date as described in Section 5.1 of the First Supplemental Indenture. 

SECTION 1.2. Relationship with Base Indenture. 

The terms and provisions contained in the Base Indenture and the First Supplemental Indenture will constitute, and are hereby expressly made,
a part of this Second Supplemental Indenture. However, to the extent any provision of the Base Indenture and the First Supplemental Indenture conflicts with the express provisions of this Second Supplemental Indenture, the provisions of this Second
Supplemental Indenture will govern and be controlling. 

 ARTICLE II 

Definitions 
 SECTION 2.1.
Definitions. 
 As used in this Second Supplemental Indenture, terms defined in the Base Indenture and the First Supplemental
Indenture or in the preamble or recital hereto are used herein as so defined. The words “herein,” “hereof” and “hereby” and other words of similar import used in this Second Supplemental Indenture refer to this Second
Supplemental Indenture as a whole and not to any particular section hereof. 
 ARTICLE III 

Miscellaneous 
 SECTION
3.1. Execution as Supplemental Indenture. 
 This Second Supplemental Indenture is executed and shall be construed as an indenture
supplemental to the Base Indenture and this Second Supplemental Indenture and the Base Indenture and the First Supplemental Indenture shall henceforth be read together, and any conflict among the Base Indenture, the First Supplemental Indenture and
this Second Supplemental Indenture shall be resolved as provided in Section 1.2 of this Second Supplemental Indenture. 
 SECTION 3.2.
Not Responsible for Recitals or Issuance of Notes. 
 The recitals contained herein and in the Additional Notes, except the
Trustee’s certificates of authentication, shall be taken as the statements of the Company and the Guarantors, as the case may be, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to the
validity or sufficiency of this Second Supplemental Indenture or of the Securities or the Guarantees. The Trustee shall not be accountable for the use or application by the Company of the Additional Notes or the proceeds thereof. 

SECTION 3.3. Separability Clause. 

In case any provision in this Second Supplemental Indenture or in the Additional Notes shall be invalid, illegal or unenforceable, the
validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 SECTION 3.4.
Successors and Assigns. 
 All covenants and agreements in this Second Supplemental Indenture by the Company and the Guarantors shall
bind their respective successors and assigns, whether so expressed or not. All agreements of the Trustee in this Second Supplemental Indenture shall bind its successors and assigns, whether so expressed or not. 

 SECTION 3.5. Execution and Counterparts. 

This Second Supplemental Indenture may be executed in any number of counterparts, each of which so executed shall be deemed to be an original,
and all such counterparts shall together constitute but one and the same instrument. 
 SECTION 3.6. Governing Law. 

This Second Supplemental Indenture shall be governed by, and construed in accordance with, the law of the State of New York. 

[Signature Pages Follow] 

 IN WITNESS WHEREOF, the parties hereto have caused this Second Supplemental Indenture to be duly
executed all as of the day and year first above written. 
  

					
	Carlyle Holdings II Finance L.L.C.
		
	By:	 	Carlyle Holdings II L.P., its sole member
		
	By:	 	Carlyle Holdings II GP L.L.C., its general partner
		
	By:	 	The Carlyle Group L.P., its sole member
		
	By:	 	 Carlyle Group Management L.L.C.,

its general partner

		
	By:	 	 /s/ Daniel A. D’Aniello

		 	Name:	 	Daniel A. D’Aniello
		 	Title:	 	Chairman
	
	The Carlyle Group L.P.
		
	By:	 	 Carlyle Group Management L.L.C.,

its general partner

		
	By:	 	 /s/ Daniel A. D’Aniello

		 	Name:	 	Daniel A. D’Aniello
		 	Title:	 	Chairman
	
	Carlyle Holdings I L.P.
		
	By:	 	 Carlyle Holdings I GP Sub L.L.C.,

its general partner

		
	By:	 	Carlyle Holdings I GP Inc., its sole member
		
	By:	 	 /s/ Daniel A. D’Aniello

		 	Name:	 	Daniel A. D’Aniello
		 	Title:	 	Chairman

 
					
	Carlyle Holdings II L.P.
		
	By:	 	Carlyle Holdings II GP L.L.C., its general partner
		
	By:	 	The Carlyle Group L.P. its sole member
		
	By:	 	 Carlyle Group Management L.L.C.,

its general partner

		
	By:	 	 /s/ Daniel A. D’Aniello

		 	Name:	 	Daniel A. D’Aniello
		 	Title:	 	Chairman
	
	Carlyle Holdings III L.P.
		
	By:	 	 Carlyle Holdings III GP Sub L.L.C,

its general partner

		
	By:	 	 Carlyle Holdings III GP L.P.,
 its
sole member

		
	By:	 	Carlyle Holdings III GP Management L.L.C., its general partner
		
	By:	 	The Carlyle Group L.P., its sole member
		
	By:	 	 Carlyle Group Management L.L.C.,

its general partner

		
	By:	 	 /s/ Daniel A. D’Aniello

		 	Name:	 	Daniel A. D’Aniello
		 	Title:	 	Chairman

 
					
	 The Bank of New York Mellon Trust Company, N.A.,

as Trustee

		
	By:	 	 /s/ Richard Tarnas

		 	Name:	 	Richard Tarnas
		 	Title:	 	Vice PresidentEX-4.2

 Exhibit 4.2 

PAYCOM SOFTWARE, INC. 

AMENDED AND RESTATED STOCKHOLDERS AGREEMENT 

This AMENDED AND RESTATED STOCKHOLDERS AGREEMENT (this “Agreement”) is made as of March 10, 2014 (the “Effective
Date”) by and among (i) Paycom Software, Inc., a Delaware corporation (the “Company”), (ii) Welsh, Carson, Anderson & Stowe X, L.P., a Delaware limited partnership (“WCAS”), (iii) WCAS
Management Corporation, a Delaware corporation (“WCASM”), (iv) WCAS Capital Partners, IV, L.P., a Delaware limited partnership (“CP IV”), (v) Chad Richison (“Richison”), (vi) Shannon
Rowe (“Rowe”), (vii) William Kerber (“Kerber”), (viii) Jeff York (“York”), (ix) Robert Levenson (“Levenson”), (x) the ELK II 2012 Descendants’ Trust u/a
dated December 26, 2012 (“ELK Trust”), (xi) the SLY II 2012 Descendants’ Trust u/a dated December 26, 2012 (“SLY Trust”), (xii) Lenox Capital Group, LLC (“Lenox” and,
together with Richison, Rowe, Kerber, York, WCAS, WCASM, CP IV, Levenson, ELK Trust and SLY Trust, the “Initial Stockholders”) and (xi) each holder of Stockholder Shares acquired after the date of this Agreement pursuant to
Section 6 hereof (the “Additional Stockholders,” and together with the Initial Stockholders, the “Stockholders”). Capitalized terms used but not otherwise defined herein shall have the respective meanings
ascribed to them in Section 1 hereof. 
 WHEREAS, on January 1, 2014, Paycom Software Merger Sub, LLC
(“MergerSub”), a wholly owned subsidiary of the Company, merged with and into Paycom Payroll Holdings, LLC, a Delaware limited liability company (“PPH”), with PPH being the surviving corporation (the
“Merger”), pursuant to the Agreement and Plan of Merger dated December 30, 2013, by and among the Company, MergerSub, Paycom Payroll, LLC, a Delaware limited liability company and PPH (the “Merger Agreement”);

 WHEREAS, upon the Closing (as defined below), Common Stock and Restricted Stock were issued pursuant to the Merger Agreement and those
certain Contribution Agreements (as defined below) and the Company and the Initial Stockholders entered into that certain Stockholders Agreement dated as of January 1, 2014 (the “Stockholders Agreement”); and 

WHEREAS, the parties believe that it is in the best interests of the Company and the Stockholders to amend and restate the Stockholders
Agreement in its entirety. 
 NOW, THEREFORE, in consideration of the foregoing, the mutual covenants and agreements contained herein, and
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties to this Agreement, each intending to be legally bound, hereby agree as follows: 

1. Definitions. 

“Additional Stockholder” has the meaning set forth in the preamble. 

“Affiliate” means, when used with reference to a particular Person, any other Person, directly or indirectly, through one or
more intermediaries, controlling, controlled by or under common control with, such particular Person, where “control” means the possession, 

 
directly or indirectly, of the power to direct the management and policies of a Person, whether by or through the ownership of voting securities, agency or otherwise, or pursuant to or in
connection with any agreement, arrangement or other understanding (whether written or oral). The terms “controlling” and “controlled” shall have correlative meanings of the foregoing. 

“Agreement” has the meaning set forth in the preamble. 

“Attorney-In-Fact” has the meaning set forth in Section 3. 

“Board” has the meaning set forth in Section 2(a). 

“Charter” means that certain Amended and Restated Certificate of Incorporation of the Company, as in effect from time to
time. 
 “Closing” means the date of the consummation of the transactions contemplated by the Merger Agreement and the
Contribution Agreements. 
 “Common Holders” means Richison, Rowe, Kerber, York, Levenson and Aiello and any of their
Affiliates holding, directly or indirectly, Common Stock (i) originally acquired by such Persons upon the Closing or (ii) that were Transferred to such Person in one or more Transfers occurring after the Closing (other than a public sale).

 “Common Stock” means the shares of common stock of the Company, par value $0.001. Unless otherwise specified, the term
“Common Stock” shall include Restricted Stock. 
 “Company” has the meaning set forth in the preamble. 

“Contribution Agreements” means (i) the Preferred B Unit Contribution Agreement, by and among the Company, Aiello,
Levenson and certain entities affiliated with Levenson, (ii) the WCAS Contribution Agreement by and between the Company, WCASM and WCAS, and (iii) the CP IV Contribution Agreement by and between the Company and CP IV. 

“CP IV Director” has the meaning set forth in Section 2(a)(ii). 

“CP IV” has the meaning set forth in the recitals. 

“CP IV Holders” means CP IV and any of its Affiliates holding Common Stock (i) originally acquired by CP IV upon the
Closing or (ii) that were Transferred to such Person in one or more Transfers occurring after the Closing (other than a public sale). 

“Equity Securities” of a Person means, as applicable, (i) any capital stock, membership interests or other share capital
of such Person, (ii) any securities or indebtedness of such Person, directly or indirectly convertible into or exchangeable for any capital stock, options, warrants or membership interests or other share capital of such Person or containing any
profit participation features with respect to such Person, (iii) any rights or options directly or indirectly to subscribe for or to purchase any capital stock, membership interests, other share capital of such Person or securities containing
any profit participation features with respect to such Person or directly or indirectly to subscribe for or to purchase any securities directly or indirectly 

  
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convertible into or exchangeable for any capital stock, membership interests, other share capital of such Person or securities containing any profit participation features with respect to such
Person, (iv) any share appreciation rights, phantom share rights or other similar rights relating to such Person, and (v) any Equity Securities of such Person issued or issuable with respect to the securities referred to in clauses
(i) through (iv) above in connection with a combination of shares, recapitalization, merger, consolidation or other reorganization. 

“Initial Stockholders” has the meaning set forth in the preamble. 

“Majority CP IV Holders” means, at any time, the holders of a majority of the shares of Common Stock then held by the CP IV
Holders (but not including any Common Stock held by the Common Holders or the WCAS Holders). 
 “Majority Common Holders”
means, at any time, the holders of a majority of the shares of Common Stock then held by the Common Holders (but not including any Common Stock held by WCAS Holders or the CP IV Holders). 

“Majority WCAS Holders” means, at any time, the holders of a majority of the Common Stock then held by the WCAS Holders (but
not including any Common Stock held by the Common Holders or the CP IV Holders). 
 “Merger” has the meaning set forth in
the recitals. 
 “Merger Agreement” has the meaning set forth in the recitals. 

“Merger Sub” has the meaning set forth in the recitals. 

“Person” means an individual, a partnership, a corporation, a limited liability company, an association, a cooperative, a
joint stock company, a trust, a joint venture, an unincorporated organization, association or other entity, or a governmental entity or any department, agency or political subdivision thereof, and the heirs, executors, administrators, legal
representatives, successors and assigns of such Person, as the context may require. 
 “PPH LLC Agreement” means that
certain limited liability company agreement of PPH, dated as of April 3, 2012, by and among PPH, EGI, J&J Payroll Services, L.P., a Delaware limited partnership and the other parties signatory thereto as amended through and in effect as of
the date of this Agreement immediately prior to the initial execution of the Stockholders Agreement. 
 “PPH” has the
meaning set forth in the recitals. 
 “Preferred Stock” means any class of preferred stock of the Company. 

“Public Offering” means an underwritten sale to the public of the Company’s Equity Securities (or its successor’s
Equity Securities) pursuant to an effective registration statement filed with the SEC on Form S-1 (or any successor form adopted by the SEC) and after which the Company’s (or its successor’s) Equity Securities are listed on a national
exchange; provided that a Public Offering shall not include any issuance of Equity Securities in any merger 

  
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or other business combination, and shall not include any registration of the issuance of Equity Securities to existing securityholders or employees of the Company and its Subsidiaries on Form S-4
or Form S-8 (or any successor form adopted by the SEC). 
 “Registration Rights Agreement” means that certain Registration
Rights Agreement, dated as of December 30, 2014, by and among the Company and the Stockholders. 
 “Restricted Stock”
means those shares of Common Stock subject to restrictions on ownership issued in connection with the Merger. For all purposes of this Agreement, Restricted Stock will be deemed to be owned and held by the recipient of those restricted shares. 

“SEC” means the Securities and Exchange Commission. 

“Securities Act” means the Securities Act of 1933, as amended from time to time. 

“Stockholder Shares” means (i) such Shares as were issued at the Closing, (ii) any Common Stock issued to or
otherwise acquired by any Stockholder, directly or indirectly, on or after January 1, 2014 and (iii) any Preferred Stock issued to or acquired by any Stockholder, directly or indirectly, on or after January 1, 2014. As to any
particular shares constituting Stockholder Shares, such shares will cease to be Stockholder Shares when they have been sold in a public sale or repurchased by the Company or any of its Subsidiaries. For purposes of this Agreement, except as
otherwise set forth herein, a Person (so long as such Person is an Affiliate of a Stockholder) will be deemed to be a holder of Stockholder Shares whenever such Person has the right to acquire, directly or indirectly, such Stockholder Shares (upon
conversion or exercise (without duplication) in connection with a Transfer of securities or otherwise, but disregarding any restrictions or limitations upon the exercise of such right), whether or not such acquisition has actually been effected.

 “Stockholders” has the meaning set forth in the preamble. 

“Sub Board” means the Board of Directors of any Subsidiary. 

“Subsidiary” means, with respect to any Person, any corporation, limited liability company, partnership, association or other
business entity of which (i) if a corporation, a majority of the total voting power of shares of stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at the
time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof, or (ii) if a limited liability company, partnership, association or other business entity (other
than a corporation), a majority of the limited liability company, partnership or other similar ownership interest thereof is at the time owned or controlled, directly or indirectly, by any Person or one or more Subsidiaries of that Person or a
combination thereof. For purposes hereof, a Person or Persons shall be deemed to have a majority ownership interest in a limited liability company, partnership, association or other business entity (other than a corporation) if such Person or
Persons shall be allocated a majority of limited liability company, partnership, association or other business entity gains or losses or shall be or control any managing member, general partner or analogous controlling Person of such limited
liability company, partnership, association or other business entity. 

  
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 “Transfer” means any gift, sale, transfer, assignment, pledge, hypothecation,
encumbrance or other disposition (whether with or without consideration, whether directly or indirectly and whether voluntarily, involuntarily or by operation of law), including any derivative transaction that has the effect of changing materially
the economic benefits and risks of ownership (and the terms “Transferee,” “Transferor” and any other derivation thereof shall have correlative meanings of the foregoing). 

“WCAS Director” has the meaning set forth in Section 2(a)(i). 

“WCAS Holders” means WCAS and any of its Affiliates (i) holding Common Stock originally acquired by WCAS upon the
Closing or (ii) that were Transferred to such Person in one or more Transfers occurring after the Closing (other than a public sale). 

2. Voting Agreement 
 (a)
For so long as the Stockholders, directly or indirectly, on an aggregate basis, continue to hold forty percent (40%) of the issued and outstanding Common Stock entitled to vote in the election of directors of the Company, each Stockholder
agrees that such Stockholder will vote, or cause to be voted, all voting securities of the Company over which such Stockholder has the power, directly or indirectly, to vote or direct the voting, and will take all other necessary or desirable action
within such Stockholder’s control (whether in such Stockholder’s capacity as a Stockholder, officer, director, member of a committee of the board of directors of the Company (the “Board”) or otherwise, and including
attendance at meetings in person or by proxy for purposes of obtaining a quorum and execution of written consents in lieu of meetings), and the Company will take all necessary and desirable actions within its control, to cause the authorized number
of directors of the Company to be established at seven, or such greater number as is necessary to designate the individuals specified in Sections 2(a)(i), Section 2(a)(ii) and Section 2(a)(iii) and also comply with
applicable stock exchange listing rules and applicable law (with such additional directors being designated pursuant to the last sentence of this Section 2(a)), unless otherwise agreed by the Majority WCAS Holders, and to elect or cause to be
elected to the Board, and cause to be continued in office, the following individuals: 
 (i) three representatives designated
by the Majority WCAS Holders (each, a “WCAS Director”), who shall initially be Robert Levenson, Sanjay Swani and Robert Minicucci; 

(ii) one representative designated by the Majority CP IV Holders, who shall initially be Conner Mulvee (the “CP IV
Director”); and 
 (iii) one representative designated by the Majority Common Holders (a “Common
Director”), who shall be (a) Chad Richison or (b) if Chad Richison is no longer willing to serve, such other person designated by such holders; provided that the Majority Common Holders shall have the right to designate
such Director so long as Chad Richison and his Affiliates own, in the aggregate, at least 12% of the outstanding shares of Common Stock. If at any time the Majority Common Holders do not have the right to designate such Director, the Majority WCAS
Holders shall have the right to designate such Director. 

  
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 The parties hereto agree that the remaining Directors shall be independent Directors designated by the nominating
committee of the Board. 
 (b) Any Director elected pursuant to Section 2(a)(i) - (iii) above shall be removed from the
Board or any committee of the Board (with or without cause) at the written request of the holders or other Person that has the right to designate such Director under Section 2(a), but only upon such written request and under no other
circumstances. Each Stockholder agrees to vote, or cause to be voted, or provide a written consent with respect to, all voting securities of the Company over which such Stockholder has the power, directly or indirectly, to vote or direct the voting,
and shall take all such other actions as shall be necessary or desirable, to cause the removal of such Director as requested by the Person who has the right to remove such Director. 

(c) If any Director designated pursuant to Section 2(a) above for any reason ceases to serve as a member of the Board during such
Director’s term of office, the resulting vacancy on the Board shall be filled, subject to the conditions of Section 2(a) above, by a Director designated by the Majority WCAS Holders, the Majority CP IV Holders or the Majority Common
Holders, as applicable, with the right to appoint such director in accordance with Section 2(a). Each Stockholder agrees to vote promptly, or cause to be voted promptly, or provide promptly a written consent with respect to, all voting
securities of the Company over which such Stockholder has the power, directly or indirectly, to vote or direct the voting, and promptly shall take all such other actions as shall be necessary or desirable to cause the designated successor to be
elected, to fill such vacancy as requested by the Person who has the right to remove such Director. 
 (d) So long as the CP IV Holders and
the WCAS Holders, on an aggregate basis, continue to hold 40% of the issued and outstanding Common Stock, each Stockholder agrees to cast all votes to which such holder is entitled to vote, directly or indirectly, in respect of the shares of Common
Stock, whether at any annual or special meeting, including by attending meetings in person or by proxy for purposes of obtaining a quorum, by written consent, or otherwise, in the same proportion as the shares of Common Stock held by the WCAS
Holders are voted by the WCAS Holders for or against any sale, recapitalization, merger, consolidation, reorganization or any other transaction or series of transactions involving the Company or its Subsidiaries, and in the case of any proposed
tender offer for the securities of the Company to tender or withhold his, her or its shares in the same proportion as are tendered and/or withheld by the WCAS Holders. 

3. Irrevocable Proxy. In order to secure each Stockholder’s obligation to vote his, her or its Stockholder Shares and other voting
securities of the Company or to deliver any written consent contemplated by or in accordance with the provisions of Sections 2 hereof, each Stockholder hereby appoints WCAS X Associates, LLC (the “Attorney-In-Fact”) as such
Stockholder’s true and lawful proxy and attorney-in-fact, with full power of substitution, to vote at any annual or special meeting of the Stockholders, or to take any action by written consent in lieu of such meeting with respect to, or to
otherwise take action in respect of, all of the Stockholder Shares and other voting securities of the Company directly or indirectly owned or held of record by such Stockholder for the election or removal of directors and all such other matters as
expressly provided for in Sections 2. The Attorney-In-Fact may exercise the irrevocable proxy granted to it hereunder at any time any Stockholder fails to comply with any of 

  
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the provisions of Sections 2. Each of the proxies and powers granted by each Stockholder pursuant to this Section 3 is coupled with an interest and is given to secure the
performance of such Stockholder’s obligations under this Agreement. Such proxies and powers shall be irrevocable, shall only terminate upon the termination of this Agreement and shall survive the death, incompetency, disability, bankruptcy or
dissolution of such Stockholder and the subsequent holders of his, her or its Stockholder Shares. To effectuate the provisions of this Section 3, the Secretary of the Company and of each of its Subsidiaries, or, if there shall be no
Secretary, then such other officer or employee of the Company or such Subsidiary as the Board or such Sub Board, as applicable, may appoint to fulfill the duties of the Secretary, shall not record any vote or consent or other action contrary to the
terms of this Agreement. 
 4. Representations and Warranties. Each Stockholder (as to himself, herself or itself only) represents
and warrants to the Company and each other Stockholder that, effective as of the time such Stockholder becomes a party to this Agreement, (a) such Stockholder is the record owner, directly or indirectly through an Affiliate wholly-owned by such
Stockholder, of the type and number of Stockholder Shares held by such Stockholder as of the Closing, free and clear of all liens and encumbrances, (b) this Agreement has been duly authorized, executed and delivered by such Stockholder and
constitutes the valid and binding obligation of such Stockholder, enforceable against such Stockholder in accordance with its terms, (c) such Stockholder has not granted and is not a party to, and such Stockholder shall not grant or become
party to, any proxy, voting trust or other agreement which is inconsistent with, conflicts with or violates any provision of this Agreement, and (d) the execution, delivery and performance by such Stockholder of this Agreement and the
consummation by such Stockholder of the transactions contemplated hereby will not, with or without the giving of notice or lapse of time, or both, (i) violate in any material respect any provision of law to which such Stockholder is subject,
(ii) violate in any material respect any order, judgment or decree applicable to such Stockholder or (iii) conflict in any material respect with, or result in a material breach or default under, any term or condition of any agreement or
other instrument to which such Stockholder is a party or by which such Stockholder or any of its assets or properties is bound. 
 5.
Legend. 
 (a) In addition to any legend required by any other document, each certificate evidencing Stockholder Shares and each
certificate issued in exchange for or upon the Transfer of any Stockholder Shares (if such shares remain Stockholder Shares after such Transfer) shall be stamped or otherwise imprinted with a legend in substantially the following form: 

THE SECURITIES REPRESENTED BY THIS CERTIFICATE WERE ORIGINALLY ISSUED ON [INSERT DATE OF ISSUANCE], HAVE NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR ANY OTHER SECURITIES LAW, AND MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT OR AN EXEMPTION FROM REGISTRATION THEREUNDER. THE
SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN RESTRICTIONS AND CONDITIONS ON TRANSFER AS SPECIFIED IN THE STOCKHOLDERS AGREEMENT, DATED AS OF JANUARY 1, 2014, 

  
 7 

 
BY AND AMONG PAYCOM SOFTWARE, INC. (THE “COMPANY”) AND THE COMPANY’S STOCKHOLDERS, AS THE SAME MAY BE AMENDED OR MODIFIED FROM TIME TO TIME, AND THE COMPANY RESERVES THE RIGHT TO
REFUSE THE TRANSFER OF SUCH SECURITIES UNTIL SUCH CONDITIONS HAVE BEEN FULFILLED WITH RESPECT TO SUCH TRANSFER. A COPY OF SUCH STOCKHOLDERS AGREEMENT SHALL BE FURNISHED BY THE COMPANY TO THE HOLDER HEREOF UPON WRITTEN REQUEST AND WITHOUT CHARGE.

 (b) The Company shall imprint such legend on certificates evidencing Stockholder Shares. Upon the request of any Stockholder, the legend
set forth above shall be removed from the certificates evidencing any shares which cease to be Stockholder Shares. The Company shall remove the Securities Act portion of the legend when (a) in the opinion of Haynes & Boone, LLP or
Kirkland & Ellis LLP, or other counsel reasonably acceptable to the Company, such legend is no longer required in order to assure compliance by the Company with the Securities Act or (b) such Stockholder Shares have been effectively
registered under the Securities Act or transferred pursuant to Rule 144. Wherever (x) such requirement shall cease and terminate as to any Stockholder Shares or (y) such Stockholder Shares shall be transferable under paragraph (b)(1)(i) of
Rule 144, the holder thereof shall be entitled to receive from the Company, without expense, new certificates not bearing Securities Act portion of the legend. 

6. Transfer. Prior to transferring, in one transaction or a series of related transactions, any Stockholder Shares to an Affiliate of a
Stockholder, the transferring Stockholder shall cause the prospective Transferee to be bound by this Agreement and the Registration Rights Agreement and to execute and deliver to the Secretary of the Company and the other Stockholders a joinder to
this Agreement substantially in the form attached hereto as Exhibit A and a counterpart signature page to the Registration Rights Agreement prior to the effectiveness of such Transfer (unless such Transfer is pursuant to applicable laws of
descent and distribution, in which case, such executed joinder and counterpart signature page shall be delivered to the Secretary of the Company as soon as reasonably possible after such Transfer). Any attempted Transfer of Shares not permitted
under the terms of this Section 6 shall be null and void, and the Company shall not in any way give effect to any such impermissible Transfer. 

7. Additional Provisions. Notwithstanding the foregoing, until the Company shall have consummated a Public Offering, the Parties agree
to comply with the provisions set forth in Sections 9.1, 9.2, 9.5, 9.6, 9.9, 11.1, 11.2, 11.3, 11.4, 11.6 and 11.7 of the PPH LLC Agreement and agree that WCAS and CP IV shall have the rights afforded to the WCAS Holders (as defined in the PPH LLC
Agreement) (including as the WCAS Majority Holder (as defined in the PPH LLC Agreement)), in each case as if those provisions applied to the Common Stock of the Company and the Stockholders, mutatis mutandis, as they apply to the Units and
Unitholders (each as defined in the PPH LLC Agreement) under the PPH LLC Agreement. 
 8. Amendment and Waiver. This Agreement may be
amended, modified, extended or terminated, and the provisions hereof may be waived, only by an agreement in writing signed by WCAS, CP IV and the Majority Common Holders. For so long as this Agreement shall be in effect, no reference to this
Agreement contained in the Bylaws of the Company may be altered, amended, repealed, or made except by the affirmative vote of WCAS, CP IV and the Majority Common Holders. 

  
 8 

 9. Severability. Whenever possible, each provision of this Agreement shall be interpreted
in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality
or unenforceability shall not affect any other provision or any other jurisdiction, but this Agreement shall be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision had never been contained
herein. 
 10. Entire Agreement. Except as otherwise expressly set forth herein, this Agreement embodies the complete agreement and
understanding among the parties hereto with respect to the subject matter hereof and supersedes and preempts any prior understandings, agreements or representations by or among the parties, written or oral, which may have related to the subject
matter hereof in any way. 
 11. Successors and Assigns. Except as otherwise expressly set forth herein, this Agreement shall bind
and inure to the benefit of and be enforceable by the Company and its successors and assigns and the Stockholders and any subsequent holders of Stockholder Shares and the respective successors and assigns of each of them, so long as they hold
Stockholder Shares (and hold or have received Stockholder Shares in accordance with the terms hereof). 
 12. Counterparts. This
Agreement may be executed simultaneously in two or more separate counterparts, any one of which need not contain the signatures of more than one party, but each of which shall be an original and all of which together shall constitute one and the
same agreement binding on all the parties hereto. 
 13. Remedies. The parties hereto shall be entitled to enforce their rights under
this Agreement specifically, to recover damages and costs (including reasonable attorneys’ fees) caused by any breach of any provision of this Agreement and to exercise all other rights existing in their favor. The parties hereto agree and
acknowledge that money damages may not be an adequate remedy for any breach of the provisions of this Agreement and that the Company or any Stockholder may in its sole discretion apply to any court of law or equity of competent jurisdiction for
specific performance and/or injunctive relief (without posting a bond or other security) in order to enforce or prevent any violation of the provisions of this Agreement. 

14. Notices. All notices, demands or other communications to be given or delivered under or by reason of the provisions of this
Agreement shall be in writing and shall be deemed to have been given or made when (a) delivered personally to the recipient, (b) sent by facsimile to the recipient (with hard copy sent to the recipient by reputable overnight courier
service (charges prepaid) that same day) if sent by facsimile before 5:00 p.m. New York time on a Business Day, and otherwise on the next Business Day, or (c) one Business Day after being sent to the recipient by reputable overnight courier
service (charges prepaid). Such notices, demands and other communications shall be sent to the address for such recipient set forth on Schedule I attached hereto, or in the Company’s books and records, or to such other address or to the
attention of such other person as the recipient party has specified by prior written notice to the sending party. Any notice to the Board or the Company shall be deemed given if received by the Board at the principal office of the Company designated
in the Charter. 

  
 9 

 15. Governing Law. This Agreement shall be governed by, and construed in accordance with,
the laws of the State of Delaware, without giving effect to any choice of law or conflict of law rules or provisions (whether of the State of Delaware or any other jurisdiction) that would cause the application of the laws of any jurisdiction other
than the State of Delaware. Any dispute relating hereto shall be heard in the state or federal courts of Delaware, and the parties agree to jurisdiction and venue therein. 

16. Mutual Waiver of Jury Trial. EACH PARTY TO THIS AGREEMENT HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY RIGHT TO TRIAL
BY JURY OF ANY CLAIM, DEMAND, ACTION, OR CAUSE OF ACTION (I) ARISING UNDER THIS AGREEMENT OR (II) IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO IN RESPECT OF THIS AGREEMENT OR ANY OF THE
TRANSACTIONS RELATED HERETO, IN EACH CASE, WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER IN CONTRACT, TORT, EQUITY, OR OTHERWISE. EACH PARTY TO THIS AGREEMENT HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION, OR CAUSE OF
ACTION WILL BE DECIDED BY COURT TRIAL WITHOUT A JURY AND THAT THE PARTIES TO THIS AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS AGREEMENT WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE PARTIES HERETO TO THE WAIVER OF THEIR
RIGHT TO TRIAL BY JURY. 
 17. Jurisdiction; Venue. EACH OF THE PARTIES SUBMITS TO THE EXCLUSIVE JURISDICTION OF ANY STATE OR FEDERAL
COURT SITTING IN WILMINGTON, DELAWARE IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OF THE TRANSACTIONS RELATED HERETO, AGREES THAT ALL CLAIMS IN RESPECT OF THE ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN
ANY SUCH COURT AND AGREES NOT TO BRING ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OF THE TRANSACTIONS RELATED HERETO IN ANY OTHER COURT. EACH OF THE PARTIES WAIVES ANY DEFENSE OF INCONVENIENT FORUM TO THE
MAINTENANCE OF ANY ACTION OR PROCEEDING SO BROUGHT AND WAIVES ANY BOND, SURETY OR OTHER SECURITY THAT MIGHT BE REQUIRED OF ANY OTHER PARTY WITH RESPECT THERETO. EACH PARTY AGREES THAT SERVICE OF SUMMONS AND COMPLAINT OR ANY OTHER PROCESS THAT MIGHT
BE SERVED IN ANY ACTION OR PROCEEDING MAY BE MADE ON SUCH PARTY BY SENDING OR DELIVERING A COPY OF THE PROCESS TO THE PARTY TO BE SERVED AT THE ADDRESS OF THE PARTY AND IN THE MANNER PROVIDED FOR THE GIVING OF NOTICES IN SECTION 14 NOTHING IN THIS
SECTION 17, HOWEVER, SHALL AFFECT THE RIGHT OF ANY PARTY TO SERVE LEGAL PROCESS IN ANY OTHER MANNER PROVIDED BY LAW. EACH PARTY HERETO AGREES THAT A FINAL, NON- APPEALABLE JUDGMENT IN ANY ACTION OR PROCEEDING SO BROUGHT SHALL BE CONCLUSIVE AND MAY
BE ENFORCED BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. 

  
 10 

 18. Descriptive Headings. The descriptive headings of this Agreement are inserted for
convenience only and do not constitute a part of this Agreement. 
 19. No Strict Construction. The parties to this Agreement have
participated jointly in the negotiation and drafting of this Agreement. In the event an ambiguity or question of intent or interpretation arises, this Agreement will be construed as if drafted jointly by the parties to this Agreement, and no
presumption or burden of proof will arise favoring or disfavoring any party by virtue of the authorship of any of the provisions of this Agreement. 

20. No Third-Party Beneficiaries. This Agreement is for the sole benefit of the parties hereto and their permitted successors and
assigns and nothing herein expressed or implied shall give or be construed to give any Person, other than the parties hereto and such permitted successors and assigns, any legal or equitable rights hereunder. 

21. Further Assurances. The parties agree to execute and deliver all documents, provide all information and take or refrain from taking
such actions as may be necessary or appropriate to achieve the purposes of this Agreement. 
 22. Delivery by Facsimile or Email.
This Agreement, the agreements referred to herein, and each other agreement or instrument entered into in connection herewith or therewith or contemplated hereby or thereby, and any amendments hereto or thereto, to the extent signed and delivered by
means of a facsimile machine or email with scan or facsimile attachment, shall be treated in all manner and respects as an original agreement or instrument and shall be considered to have the same binding legal effect as if it were the original
signed version thereof delivered in person. At the request of any party hereto or to any such agreement or instrument, each other party hereto or thereto shall re-execute original forms thereof and deliver
them to all other parties. No party hereto or to any such agreement or instrument shall raise the use of a facsimile machine or email to deliver a signature or the fact that any signature or agreement or instrument was transmitted or communicated
through the use of a facsimile machine or email as a defense to the formation or enforceability of a contract, and each such party forever waives any such defense. 

23. Interpretative Matters. In this Agreement, unless otherwise specified or where the context otherwise requires (a) the headings
of particular provisions of this Agreement are inserted for convenience only and will not be construed as a part of this Agreement or serve as a limitation or expansion on the scope of any term or provision of this Agreement; (b) words
importing any gender shall include other genders; (c) words importing the singular only shall include the plural and vice versa; (d) the words “include,” “includes” or “including” shall be deemed to be
followed by the words “without limitation”; (e) the words “hereof,” “herein,” “hereunder” and “herewith” and words of similar import shall, unless otherwise stated, be construed to refer to this
Agreement as a whole and not to any particular provision of this Agreement; (f) references to “Sections,” “Exhibits,” or “Schedules” shall be to Sections, Exhibits or Schedules of or to this Agreement;
(g) references to any Person include the successors and permitted assigns of such Person; (h) the use of the words “or,” “either” and 

  
 11 

 
“any” shall not be exclusive; (i) wherever a conflict exists between this Agreement and any other agreement, this Agreement shall control but solely to the extent of such conflict;
(j) references to “$” or “dollars” means the lawful currency of the United States of America; and (k) references to any law, regulation, rule, agreement, contract or schedule, unless otherwise stated, are to such law,
regulation, rule, agreement, contract or schedule as amended, modified or supplemented from time to time in accordance with the terms hereof and thereof. 

24. Termination. This Agreement will terminate and be of no further force or effect upon the later to occur of (i) the date on
which Chad Richison ceases to be the chief executive officer of the Company, (ii) the date on which Chad Richison ceases to be a Director of the Company, and (iii) the date on which the Stockholders collectively own less than forty percent
(40%) of the issued and outstanding Common Stock. In the event that any party (together with its Affiliated Additional Stockholders) fails to own at least 25% of the shares of Common Stock held by such Persons, as applicable, as of the Closing
as of such date, then such Person shall no longer be deemed to be a party to this Agreement. 
 [Signature pages follow] 

  
 12 

 SIGNATURE PAGE TO AMENDED AND RESTATED STOCKHOLDERS AGREEMENT 

IN WITNESS WHEREOF, the parties hereto have executed this Amended and Restated Stockholders Agreement on the day and year first above written.

  

			
	PAYCOM SOFTWARE, INC.
		
	By: 	 	 /s/ Chad Richison

	Name: Chad Richison
	Title: Chief Executive Officer
	
	WELSH, CARSON, ANDERSON & STOWE X, L.P.
	
	By: WCAS X Associates LLC
	Its: General Partner
		
	By:	 	 /s/ Jonathan Rather

	Name: Jonathan Rather
	Title: Managing Member
	
	WCAS CAPITAL PARTNERS, IV, L.P.
	
	By: WCAS CP IV Associates, LLC
	Its: General Partner
		
	By:	 	 /s/ Jonathan Rather

	Name: Jonathan Rather
	Title: Managing Member
	
	WCAS MANAGEMENT CORP.
		
	By:	 	 /s/ Jonathan Rather

	Name: Jonathan Rather
	Title: Treasurer

 Signature Page to Amended and Restated Stockholders’ Agreement 

	
	 /s/ Chad Richison

	CHAD RICHISON
	
	 /s/ Shannon Rowe

	SHANNON ROWE
	
	 /s/ William Kerber

	WILLIAM KERBER
	
	 /s/ Jeff York

	JEFF YORK
	
	 /s/ Robert Levenson

	ROBERT LEVENSON

 Signature Page to Amended and Restated Stockholders’ Agreement 

 
			
	ELK II 2012 DESCENDANTS’ TRUST U/A DATED DECEMBER 26, 2012
		
	By:	 	 /s/ Seven Elbaum

	Name: Steven Elbaum, as Trustee
	
	SLY II 2012 DESCENDANTS’ TRUST U/A DATED DECEMBER 26, 2012
		
	By:	 	 /s/ Steven Elbaum

	Name: Steven Elbaum, as Trustee
	
	LENOX CAPITAL GROUP, LLC
		
	By:	 	 /s/ Robert J. Levenson

	Name: Robert J. Levenson
	Title: Managing Member

 Signature Page to Amended and Restated Stockholders’ Agreement 

 SCHEDULE I 
  

			
	Name of Stockholder	 	Address of Stockholder
	 Welsh, Carson, Anderson & Stowe X, L.P.
	 	 Welsh, Carson,
Anderson & Stowe
 320 Park Avenue, Suite 2500
 New York, NY
10022
 Attention:
 Facsimile No.: (212) 735-0897

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

 
 Kirkland & Ellis LLP

601 Lexington Avenue
 New York, NY 10022

Attention:  Michael Movsovich

  Drew Grabel

Facsimile: (212) 446-6460

	 	 
	 SR-EGI

WK-EGI
 HB-EGI

Ernest Group, Inc.
 The Ruby Group, Inc.
	 	 7501 W. Memorial Road

Oklahoma City, OK 73142
 Attention: Chad Richison

Facsimile No.: (405) 722-2015
  

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

Hartzog Conger Cason & Neville

201 Robert S. Kerr Avenue

1600 Bank of Oklahoma Plaza

Oklahoma City, OK 73102

Attention: Steven C. Davis

Armand Paliotta
 Facsimile
No.: (405) 996-3403

  
 Schedule I

			
	Name of Stockholder	 	Address of Stockholder
	Jeff York	 	 417 Oakbend,
Suite 300
 Lewisville, Texas 75067
  

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

Leggett & Clemons, PLLC
 2745 Dallas North Parkway, Suite
310
 Plano, Texas 75093
 Attention:
        Steve H. Clemons
 Facsimile No.:(214) 473-8686

	 	 
	WCAS Capital Partners IV, L.P.	 	 WCAS Capital Partners IV, L.P.

c/o Welsh, Carson, Anderson & Stowe
 320 Park Avenue, Suite
2500
 New York, NY 10022
 Attention:

Facsimile No.: (212) 735-0897 
  

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

Kirkland & Ellis LLP
 601 Lexington Avenue

New York, NY 10022

Attention:        Michael Movsovich

Drew Grabel
 Facsimile
No.:(212) 446-6460

  
 Schedule I

 EXHIBIT A 

FORM OF JOINDER TO STOCKHOLDERS AGREEMENT 

This JOINDER (the “Joinder”), to the Stockholders Agreement, dated as of [__], 2013, by and among Paycom Software, Inc., a
Delaware corporation (the “Company”), and certain stockholders of the Company (the “Agreement”), is made and entered into as of
                     by and between the Company and
                     (“Holder”). Capitalized terms used but not otherwise defined herein shall have the meanings set forth in
the Agreement. 
 WHEREAS, Holder has acquired certain shares of capital stock of the Company (“Holder Stock”), and the
Agreement and the Company require Holder, as a holder of such capital stock, to become a party to the Agreement, and Holder agrees to do so in accordance with the terms hereof. 

NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties to this Joinder, each intending to be legally bound, hereby agree as follows: 

1. Agreement to be Bound. Holder hereby agrees that upon execution of this Joinder, it shall become a party to the Agreement and shall
be fully bound by, and subject to, all of the covenants, terms and conditions of the Agreement as though an original party thereto and shall be deemed an Additional Stockholder for all purposes thereof. In addition, Holder hereby agrees that all
Holder Stock shall be deemed Stockholder Shares for all purposes of the Agreement and Holder will be deemed to be a [WCAS Holder][CP IV Holder][Common Holder]. 

2. Successors and Assigns. Except as otherwise provided herein, this Joinder shall bind and inure to the benefit of and be enforceable
by the Company and its successors and assigns and Holder and any subsequent holders of Holder Stock and the respective successors and assigns of each of them, so long as they hold any shares of Holder Stock. 

3. Counterparts. This Joinder may be executed in separate counterparts each of which shall be an original and all of which taken
together shall constitute one and the same agreement. 
 4. Notices. For purposes of Section 14 of the Agreement, all
notices, demands or other communications to the Holder shall be directed to: 
 [Name] 

[Address] 
 [Facsimile Number]

 5. Governing Law. This Joinder shall be governed by, and construed in accordance with, the laws of the State of Delaware, without
giving effect to any choice of law or conflict of law rules or provisions (whether of the State of Delaware or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of Delaware. Any dispute
relating hereto shall be heard in the state or federal courts of Delaware, and the parties agree to jurisdiction and venue therein. 

  
 Exhibit A

 6. Descriptive Headings. The descriptive headings of this Joinder are inserted for
convenience only and do not constitute a part of this Joinder. 
 7. Waiver of Jury Trial. Each of the parties hereto waives any
right it may have to trial by jury in respect of any litigation based on, arising out of, under or in connection with the Agreement or any course of conduct, course of dealing, verbal or written statement or action of any party hereto. 

8. Jurisdiction. Each of the parties hereto submits to the jurisdiction of any state or federal court sitting in Wilmington, Delaware,
in any action or proceeding arising out of or relating to this Joinder and agrees that all claims in respect of the action or proceedings may be heard and determined in any such court and hereby expressly submits to the personal jurisdiction and
venue of such court for the purposes hereof and expressly waives any claim of improper venue and any claim that such courts are an inconvenient forum. Each of the parties hereby irrevocably consent to the service of process of any of the
aforementioned courts in any such suit, action or proceeding by the mailing of copies thereof by registered or certified mail, postage prepaid, to its address set forth in Section 21 such service to become effective 10 days after such
mailing. 
 * * * * * 

  
 Exhibit A

 IN WITNESS WHEREOF, the parties hereto have executed this Joinder as of the date written above.

  

					
	    [__]	 		 	
		
	    By:	 	  

	    Name:
	    Title:
	
	    [HOLDER]
		
	    By:	 	  

	    Name:
	    Title:

  
 Exhibit A

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