Document:

EX-10.2

 Exhibit 10.2 
  

					
		  	February 1, 2018
		
	To:	  	 NetScout Systems, Inc.
 310
Littleton Road
 Westford, MA 01886

		  	Attention:	  	 Paul M. Canavan, CFA
 Sr. Director, Corporate
Finance

		  	Telephone:	  	(978) 614-4192
		  	Email:	  	Paul.Canavan@netscout.com
		
	From:	  	 Bank of America, N.A.
 c/o Merrill
Lynch, Pierce, Fenner & Smith Incorporated
 One Bryant Park

New York, NY 10036

		  	 Attention:
 Telephone:

Email:
	  	 TJ Opladen
 646-855-8639
 thomas.j.opladen_jr@baml.com

		
	Re:	  	 Issuer Forward Repurchase Transaction

(BofAML Reference Number:
                    )

 Ladies and Gentlemen: 

The purpose of this communication (this “Confirmation”) is to confirm the terms and conditions of the Transaction entered
into between Bank of America, N.A. (“Dealer”) and NetScout Systems, Inc. (“Counterparty”) on the Trade Date specified below (the “Transaction”). The terms of the Transaction shall be set forth in
this Confirmation. This Confirmation shall constitute a “Confirmation” as referred to in the ISDA Master Agreement specified below. 
 1. This
Confirmation is subject to, and incorporates, the definitions and provisions of the 2006 ISDA Definitions (including the Annex thereto) (the “2006 Definitions”) and the definitions and provisions of the 2002 ISDA Equity Derivatives
Definitions (the “Equity Definitions”, and together with the 2006 Definitions, the “Definitions”), in each case as published by the International Swaps and Derivatives Association, Inc. (“ISDA”). In
the event of any inconsistency between the 2006 Definitions and the Equity Definitions, the Equity Definitions will govern. 
 This
Confirmation evidences a complete and binding agreement between Dealer and Counterparty as to the terms of the Transaction to which this Confirmation relates. This Confirmation shall be subject to an agreement (the “Agreement”) in
the form of the 2002 ISDA Master Agreement (the “ISDA Form”) as if Dealer and Counterparty had executed an agreement in such form (without any Schedule but with (i) the election that the “Cross Default” provisions of
Section 5(a)(vi) shall apply to Dealer as if (x) the “Threshold Amount” with respect to Dealer were equal to 3% of Bank of America Corporation’s shareholders’ equity as of the Trade Date (provided that
(a) the phrase “, or becoming capable at such time of being declared,” shall be deleted from clause (1) of such Section 5(a)(vi) of the Agreement, and (b) the following sentence shall be added to the end thereof:
“Notwithstanding the foregoing, an Event of Default shall not occur under either (1) or (2) above if (a) the event or condition referred to in (1) or the failure to pay referred to in (2) is caused by an error or omission of
an administrative or operational nature, (b) funds were available to Dealer to enable it to make the relevant payment when due, and (c) such payment is made within three Local Business Days after notice of such failure is given by
Counterparty.”) and (y) “Specified Indebtedness” had the meaning specified in Section 14 of the Agreement, except that such term shall not include obligations in respect of deposits received in the ordinary course of
Dealer’s banking business; and (ii) the other elections set forth in this Confirmation. For the avoidance of doubt, the Transaction shall be the only Transaction under the Agreement. 

All provisions contained in, or incorporated by reference to, the Agreement will govern this Confirmation except as expressly modified herein.
In the event of any inconsistency between this Confirmation and either the Definitions or the Agreement, this Confirmation shall govern. The Transaction is a Share Forward Transaction within the meaning set forth in the Equity Definitions. 

 2. The terms of the particular Transaction to which this Confirmation relates are as follows: 

General Terms: 
  

	 Trade Date: 
	As provided in Annex B to this Confirmation. 

  

	 Seller: 
	Dealer 

  

	 Buyer: 
	Counterparty 

  

	 Shares: 
	The common stock of Counterparty, par value USD 0.001 per share (Exchange Symbol: “NTCT”) 

  

	 Prepayment: 
	Applicable 

  

	 Prepayment Amount: 
	As provided in Annex B to this Confirmation. 

  

	 Prepayment Date: 
	As provided in Annex B to this Confirmation. 

  

	 Exchange: 
	NASDAQ Global Select Market 

  

	 Related Exchange(s): 
	All Exchanges 

  

	 Calculation Agent: 
	Dealer; provided that, notwithstanding anything to the contrary, all determinations, adjustments and calculations performed by Dealer in its capacity as Calculation Agent, as well as any determinations, adjustments or calculations by
Dealer in any other capacity, pursuant to this Confirmation, the Agreement and the Equity Definitions shall be made in good faith and in a commercially reasonable manner, including, without limitation, with respect to calculations, adjustments and
determinations that are made in its sole discretion or otherwise. In the event the Calculation Agent or Dealer makes any calculation, adjustment or determination pursuant to this Confirmation, the Agreement or the Equity Definitions, the Calculation
Agent or Dealer shall, within a commercially reasonable period of time, and in any event within five Local Business Days, notify Counterparty of such determination, adjustment or calculation and provide an explanation in reasonable detail of the
basis for any such determination, adjustment or calculation (including any quotations, market data or information from external sources used in making such calculation, adjustment or determination, as the case may be, but without disclosing
Calculation Agent’s or Dealer’s proprietary models or other information that is subject to contractual, legal or regulatory obligations to not disclose such information); provided that following the occurrence of an Event of Default
pursuant to Section 5(a)(vii) of the Agreement with respect to which Dealer is the Defaulting Party, Counterparty shall have the right to designate a nationally recognized dealer in over-the-counter corporate equity derivatives to act, during the period commencing on the date such Event of Default occurred and ending on the Early Termination Date with respect to such Event of Default, as
the Calculation Agent. 

  

	 	The Calculation Agent shall use commercially reasonable efforts to make any adjustment required or, to the extent it makes any such adjustment, permitted to be made to the terms of the Transaction as promptly as
reasonably practicable following the occurrence of the event giving rise to any such adjustment, and the Calculation Agent shall use commercially reasonable efforts to notify Counterparty of the event giving rise to such adjustment, the terms being
adjusted and, for each term so adjusted, such term as so adjusted, in each case, as promptly as reasonably practicable after giving effect to such adjustment. 

  
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	 	Notwithstanding anything to the contrary in this Confirmation, the Calculation Agent shall not adjust the date of any Relevant Day to occur on a date which is not also Relevant Day. 

Valuation Terms: 
  

	 Relevant Day: 
	As provided in Annex B to this Confirmation; provided that, each Relevant Day for Dealer shall be every second Scheduled Trading Day after the last Scheduled Trading Day so listed, in each case, that occurs prior to the completion of all
payments and deliveries under the Transaction. 

  

	 Averaging Dates: 
	Each of the consecutive Relevant Days commencing on, and including, the Relevant Day immediately following the Trade Date and ending on, and including, the Final Averaging Date. 

 

	 Final Averaging Date: 
	The Scheduled Final Averaging Date; provided that, anything herein notwithstanding, Dealer shall have the right, in its sole and absolute discretion, at any time to accelerate the Final Averaging Date, in whole or in part, to any Relevant
Day that is on or after the Scheduled Earliest Acceleration Date by written notice to Counterparty no later than 8:00 P.M., New York City time, on the next Relevant Day immediately following the accelerated Final Averaging Date. 

 

	 	In the case of any acceleration of the Final Averaging Date in part (a “Partial Acceleration”), Dealer shall specify in its written notice to Counterparty accelerating the Final Averaging Date the
corresponding percentage of the Prepayment Amount that is subject to valuation on the related Valuation Date, and Calculation Agent shall adjust the terms of the Transaction as it deems appropriate, in a commercially reasonable manner, in order to
take into account the occurrence of such Partial Acceleration (including cumulative adjustments to take into account all Partial Accelerations that occur during the term of the Transaction). 

 

	 Scheduled Final Averaging Date: 
	As provided in Annex B to this Confirmation. 

  

	 Scheduled Earliest Acceleration Date: 
	As provided in Annex B to this Confirmation. 

  

	 Valuation Date: 
	The Final Averaging Date. 

  

	 Averaging Date Disruption: 
	 Modified Postponement, provided that notwithstanding anything to the contrary in the Equity Definitions, if a Market Disruption Event occurs on
any Averaging Date, the Calculation Agent shall, acting in good faith and commercially reasonable manner: (i) postpone the Scheduled Final Averaging Date to the next Relevant Day in accordance with Modified Postponement (as modified herein) or
(ii) determine that such Averaging Date is a Disrupted Day only in part, in which case the Calculation Agent shall (x) determine the VWAP Price in a commercially reasonable manner for such Disrupted Day based on Rule 10b-18 eligible transactions in the Shares on such Disrupted Day taking into account the nature and duration of such Market Disruption Event and (y) determine the Settlement Price based on an appropriately
weighted average instead of the arithmetic average described under “Settlement Price” below. In each such case, the Calculation Agent shall promptly notify Counterparty in writing of (A) circumstances giving rise to such Disrupted
Day, and 

  
 3 

	 	 
(B) any such weighting, extension or suspension as soon as reasonably practicable after the occurrence of such Disrupted Day. Any Exchange Business Day on which, as of the date hereof, the
Exchange is scheduled to close prior to its normal close of trading shall be deemed not to be an Exchange Business Day; if a closure of the Exchange prior to its normal close of trading on any Relevant Day is scheduled following the date hereof,
then such Relevant Day shall be deemed to be a Disrupted Day in full. 

  

	 Market Disruption Events: 
	Section 6.3(a) of the Equity Definitions is hereby amended (A) by deleting the words “during the one hour period that ends at the relevant Valuation Time, Latest Exercise Time, Knock-in
Valuation Time or Knock-out Valuation Time, as the case may be” in clause (ii) thereof, and (B) by replacing the words “or (iii) an Early Closure.” therein with “(iii) an
Early Closure, or (iv) a Regulatory Disruption.” 

  

	 	Section 6.3(d) of the Equity Definitions is hereby amended by deleting the remainder of the provision following the term “Scheduled Closing Time” in the fourth line thereof. 

 

	 	Notwithstanding the foregoing, any Market Disruption Event that does not have a material impact on the ability of Dealer to transact in the Shares shall be deemed not to constitute a Market Disruption Event.

  

	 Regulatory Disruption: 
	In the event that Dealer concludes based on commercially reasonable means and upon the advice of counsel that it is appropriate with respect to any legal, regulatory or self-regulatory requirements or related policies and procedures for Dealer
(whether or not such requirements, policies or procedures are imposed by law or have been voluntarily adopted by Dealer and provided that such policies and procedures are related to legal and regulatory issues and are generally applicable
hereunder and in similar situations and applied to the Transaction in a non-discriminatory manner, and including, without limitation, Rule 10b-18, Rule 10b-5, Regulations 13D-G and Regulations 14D-E, each under the Exchange Act), to refrain from or decrease any market activity in
connection with the Transaction in order to maintain, establish or unwind a commercially reasonable hedge position. Dealer shall, no later than the close of business on any affected day, notify Counterparty as soon as reasonably practicable that a
Regulatory Disruption has occurred and the Averaging Dates affected by it. 

 Settlement Terms: 

 

	 Initial Share Delivery: 
	On the Initial Share Delivery Date, Dealer shall deliver to Counterparty the Initial Shares. 

  

	 Initial Share Delivery Date: 
	As provided in Annex B to this Confirmation. 

  

	 Initial Shares: 
	As provided in Annex B to this Confirmation. 

  

	 Settlement Date: 
	The Exchange Business Day that falls three Clearance System Business Days following the Valuation Date. 

  

	 Settlement: 
	On the Settlement Date, Dealer shall deliver to Counterparty the Number of Shares to be Delivered, if a positive number. If the Number of Shares to be Delivered is a negative number, the Counterparty Settlement Provisions in Annex A shall apply.

  
 4 

	 Number of Shares to be Delivered: 
	A number of Shares equal to (a) the Prepayment Amount divided by (b) (i) the Settlement Price minus (ii) the Discount; provided that the Number of Shares to be Delivered as so determined shall be reduced by the
number of Shares delivered on the Initial Share Delivery Date. 

  

	 Settlement Price: 
	The arithmetic average of the VWAP Prices for all Averaging Dates. 

  

	 VWAP Price: 
	For any Averaging Date, the Rule 10b-18 dollar volume weighted average price per Share for such day based on transactions executed during such day, as reported on Bloomberg screen “NTCT<Equity>
AQR SEC” (or any successor thereto) or, in the event such price is not so reported on such day for any reason or is manifestly incorrect, as reasonably determined by the Calculation Agent using a volume weighted method. 

 

	 Discount: 
	As provided in Annex B to this Confirmation. 

  

	 Excess Dividend Amount: 
	For the avoidance of doubt, all references to the Excess Dividend Amount in Section 9.2(a)(iii) of the Equity Definitions shall be deleted. 

  

	 Other Applicable Provisions: 
	To the extent either party is obligated to deliver Shares hereunder, the provisions of the last sentence of Section 9.2 and Sections 9.8, 9.9, 9.10, 9.11 (except that the Representation and Agreement contained in Section 9.11 of the
Equity Definitions shall be modified by excluding any representations therein relating to restrictions, obligations, limitations or requirements under applicable securities laws arising as a result of the fact that Counterparty is the Issuer of the
Shares) and 9.12 of the Equity Definitions will be applicable as if “Physical Settlement” applied to the Transaction. 

 Dividends:

  

	 Dividend: 
	Any dividend or distribution on the Shares other than any dividend or distribution of the type described in Sections 11.2(e)(i), 11.2(e)(ii)(A) or 11.2(e)(ii)(B) of the Equity Definitions. 

Share Adjustments: 
  

	 Method of Adjustment: 
	Calculation Agent Adjustment; provided that the declaration or payment of Dividends shall not be a Potential Adjustment Event. 

  

	 	It shall constitute an additional Potential Adjustment Event if the Scheduled Final Averaging Date is postponed pursuant to “Averaging Date Disruption” above, in which case the Calculation Agent may, in its
commercially reasonable discretion, adjust any relevant terms of the Transaction as the Calculation Agent determines appropriate to account for the economic effect on the Transaction of such postponement. 

Extraordinary Events: 

Consequences of Merger Events: 
  

	 (a) Share-for-Share:

	Modified Calculation Agent Adjustment 

  

	 (b) Share-for-Other:

	Cancellation and Payment 

  

	 (c) Share-for-Combined:

	Component Adjustment 

  

	 Tender Offer: 
	Applicable; provided that the definition of “Tender Offer” in Section 12.1(d) of the Equity Definitions will be amended by replacing “10%” with “25%” in the third and fourth line thereof.

  
 5 

 Consequences of Tender Offers: 

 

	 (a) Share-for-Share:

	Modified Calculation Agent Adjustment 

  

	 (b) Share-for-Other:

	Modified Calculation Agent Adjustment 

  

	 (c) Share-for-Combined:

	Modified Calculation Agent Adjustment 

  

	 Composition of Combined Consideration: 
	Not Applicable 

  

	 Consequences of Announcement Events: 
	Modified Calculation Agent Adjustment as set forth in Section 12.3(d) of the Equity Definitions; provided that, any adjustments for an Announcement Event shall be made solely pursuant to Section 9(a) below. 

 

	 Announcement Event: 
	The occurrence of an Announcement Date in respect of a potential Acquisition Transaction (as defined in Section 9 below). 

  

	 Announcement Date: 
	The date of the first public announcement in relation to an Acquisition Transaction, or any publicly announced change or amendment to the announcement giving rise to an Announcement Date. 

 

	 Provisions applicable to Merger Events and Tender Offers: 
	The consequences set forth opposite “Consequences of Merger Events” and “Consequences of Tender Offers” above shall apply regardless of whether a particular Merger Event or Tender Offer relates to an Announcement Date for
which an adjustment has been made pursuant to Consequences of Announcement Events, without duplication of any such adjustment. 

  

	 New Shares: 
	In the definition of New Shares in Section 12.1(i) of the Equity Definitions, the text in clause (i) thereof shall be deleted in its entirety (including the word “and” following such clause (i)) and replaced with
“publicly quoted, traded or listed on any of the New York Stock Exchange, The NASDAQ Global Select Market or The NASDAQ Global Market (or their respective successors)”. 

 

	 Nationalization, Insolvency or Delisting: 
	Cancellation and Payment (Calculation Agent Determination); provided that in addition to the provisions of Section 12.6(a)(iii) of the Equity Definitions, it shall also constitute a Delisting if the Exchange is located in the United
States and the Shares are not immediately re-listed, re-traded or re-quoted on any of the New York Stock Exchange, The NASDAQ
Global Market or The NASDAQ Global Select Market (or their respective successors); if the Shares are immediately re-listed, re-traded or
re-quoted on any such exchange or quotation system, such exchange or quotation system shall thereafter be deemed to be the Exchange. 

Additional Disruption Events: 
  

	 Change in Law: 
	Applicable 

  

	 Failure to Deliver: 
	Applicable 

  

	 Insolvency Filing: 
	Applicable 

  

	 Hedging Disruption: 
	Applicable 

  

	 Increased Cost of Hedging: 
	Applicable 

  
 6 

	 Loss of Stock Borrow: 
	Applicable 

  

	 Maximum Stock Loan Rate: 
	As provided in Annex B to this Confirmation. 

  

	 Increased Cost of Stock Borrow: 
	Applicable 

  

	 Initial Stock Loan Rate: 
	As provided in Annex B to this Confirmation. 

  

	 Hedging Party: 
	For all applicable Potential Adjustment Events and Extraordinary Events, Dealer 

  

	 Determining Party: 
	For all Extraordinary Events, Dealer 

  

	 Non-Reliance: 
	Applicable 

  

	 Agreements and Acknowledgments Regarding Hedging Activities: 
	Applicable 

  

	 Additional Acknowledgments: 
	Applicable 

 3. Account Details: 

(a) Account for payments to Counterparty: To be provided. 

(b) Account for delivery of Shares to Counterparty: To be provided. 

(c) Account for payments to Dealer: To be provided 

(d) Account for delivery of Shares to Dealer: To be provided 

4. Offices: 
 (a) The Office of
Counterparty for the Transaction is: Counterparty is not a Multibranch Party 
 (b) The Office of Dealer for the Transaction is: New York,
NY 
 5. Notices: For purposes of this Confirmation: 

(a) Address for notices or communications to Counterparty: 

NetScout Systems, Inc. 
 310
Littleton Road 
 Westford, MA 01886 

Attention:        Paul M. Canavan, CFA 

                        
Sr. Director, Corporate Finance 
 Telephone:      (978) 614-4192 

Email:             Paul.Canavan@netscout.com 

with a copy to 
 NetScout
Systems, Inc. 
 310 Littleton Road 

Westford, MA 01886 

Attention:        Anthony Piazza 

                        
Vice President, Finance and Real Estate 
 Telephone:      (978)
614-4286 

Email:             Anthony.piazza@netscout.com 

  
 7 

 with a copy to 

NetScout Systems, Inc. 
 310
Littleton Road 
 Westford, MA 01886 

Attention:        Scott G Hodgdon 

                        
Sr. Director, Corporate and Securities Counsel 
 Telephone:      (978)
614-4059 

Email:             scott.hodgdon@netscout.com 

(b) Address for notices or communications to Dealer: 

Bank of America, N.A. 
 c/o
Merrill Lynch, Pierce, Fenner & Smith Incorporated 
 One Bryant Park, 8th
Floor 
 New York, NY 10036 

Attention:        TJ Opladen 

Telephone:      646-855-8639 

Email:             thomas.j.opladen_jr@baml.com 

6. Additional Provisions Relating to Transactions in the Shares. 

(a) Counterparty acknowledges and agrees that the Initial Shares delivered on the Initial Share Delivery Date may be sold short to
Counterparty. Counterparty further acknowledges and agrees that Dealer may, during (i) the period from the date hereof to the Valuation Date or, if later, the Scheduled Earliest Acceleration Date without regard to any adjustment thereof
pursuant to “Special Provisions regarding Transaction Announcements” below, and (ii) the period from and including the first Settlement Valuation Date to and including the last Settlement Valuation Date, if any (together, the
“Relevant Period”), purchase Shares in connection with the Transaction, which Shares may be used to cover all or a portion of such short sale or may be delivered to Counterparty. Such purchases will be conducted independently of
Counterparty. The timing of such purchases by Dealer, the number of Shares purchased by Dealer on any day, the price paid per Share pursuant to such purchases and the manner in which such purchases are made, including without limitation whether such
purchases are made on any securities exchange or privately, shall be within the absolute discretion of Dealer. It is the intent of the parties that the Transaction comply with the requirements of Rule
10b5-1(c)(1)(i)(B) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the parties agree that this Confirmation shall be interpreted to comply with the requirements of
Rule 10b5-1(c), and Counterparty shall not take any action that results in the Transaction not so complying with such requirements. Without limiting the generality of the preceding sentence, Counterparty
acknowledges and agrees that (A) Counterparty does not have, and shall not attempt to exercise, any influence over how, when or whether Dealer effects any purchases of Shares in connection with the Transaction, (B) during the period
beginning on (but excluding) the date of this Confirmation and ending on (and including) the last day of the Relevant Period, neither Counterparty nor its officers or employees shall, directly or indirectly, communicate any information regarding
Counterparty or the Shares to any employee of Dealer or its Affiliates listed on Annex C hereto, (C) Counterparty is entering into the Transaction in good faith and not as part of a plan or scheme to evade compliance with federal securities
laws including, without limitation, Rule 10b-5 promulgated under the Exchange Act and (D) Counterparty will not alter or deviate from this Confirmation or, except for the Other Transaction described
below, enter into or alter a corresponding hedging transaction with respect to the Shares. Counterparty also acknowledges and agrees that any amendment, modification, waiver or termination of this Confirmation must be effected in accordance with the
requirements for the amendment or termination of a “plan” as defined in Rule 10b5-1(c) under the Exchange Act. Without limiting the generality of the foregoing, any such amendment, modification,
waiver or termination shall be made in good faith and not as part of a plan or scheme to evade the prohibitions of Rule 10b-5 under the Exchange Act, and no such amendment, modification or waiver shall be made
at any time at which Counterparty or any officer or director of Counterparty is aware of any material nonpublic information regarding Counterparty or the Shares. 

(b) The Shares are not, and Counterparty will not cause the Shares to be, subject to a “restricted period” (as defined in Regulation
M promulgated under the Exchange Act) at any time during the Relevant Period, unless 

  
 8 

 
Counterparty has provided written notice to Dealer of such “restricted period” not later than the Scheduled Trading Day immediately preceding the first day of such “restricted
period”; Counterparty acknowledges that any such notice may cause a Regulatory Disruption to occur; accordingly, Counterparty acknowledges that its delivery of such notice must comply with the standards set forth in Section 6(a)(B) above.

 (c) Counterparty shall, at least one day prior to the first day of the Relevant Period, notify Dealer of the total number of Shares
purchased in Rule 10b-18 purchases of blocks pursuant to the once-a-week block exception contained in Rule 10b-18(b)(4) by or for Counterparty or any of its affiliated purchasers during each of the four calendar weeks preceding the first day of the Relevant Period and during the calendar week in which the first day of
the Relevant Period occurs (“Rule 10b-18 purchase”, “blocks” and “affiliated purchaser” each being used as defined in Rule 10b-18). 

(d) During the Relevant Period, Counterparty shall (i) notify Dealer prior to the opening of trading in the Shares on any day on which
Counterparty makes, or expects to be made, any public announcement (as defined in Rule 165(f) under the Securities Act of 1933, as amended (the “Securities Act”) of any merger, acquisition, or similar transaction involving a
recapitalization relating to Counterparty (other than any such transaction in which the consideration consists solely of cash and there is no valuation period), (ii) promptly notify Dealer following any such announcement that such announcement has
been made, and (iii) promptly deliver to Dealer following the making of any such announcement a certificate indicating (A) Counterparty’s average daily Rule 10b-18 purchases (as defined in Rule 10b-18) during the three full calendar months preceding the date of the announcement of such transaction and (B) Counterparty’s block purchases (as defined in Rule
10b-18) effected pursuant to paragraph (b)(4) of Rule 10b-18 during the three full calendar months preceding the date of the announcement of such transaction. In
addition, Counterparty shall promptly notify Dealer of the earlier to occur of the completion of such transaction and the completion of the vote by target shareholders. Counterparty acknowledges that any such public announcement may result in a
Regulatory Disruption and may cause the Relevant Period to be suspended. Accordingly, Counterparty acknowledges that its actions in relation to any such announcement or transaction must comply with the standards set forth in Section 6(a) above.

 (e) Without the prior written consent of Dealer, Counterparty shall not, and shall cause its affiliated purchasers (each as defined in
Rule 10b-18) not to, directly or indirectly (including, without limitation, by means of a cash-settled or other derivative instrument) purchase, offer to purchase, place any bid or limit order that would
effect a purchase of, or commence any tender offer relating to, any Shares (or an equivalent interest, including a unit of beneficial interest in a trust or limited partnership or a depository share) or any security convertible into or exchangeable
for Shares during the Relevant Period; provided that, Counterparty may enter into a substantially similar accelerated share repurchase transaction with another dealer on the date hereof (the “Other Transaction”) so long as no
“Relevant Day” under the Other Transaction is a Relevant Day hereunder, provided that purchases made or deemed to be made by Counterparty from its employees, retirees or directors in connection with any equity incentive or deferred
compensation plan shall not be subject to this Section 6(e), so long as such purchases do not constitute “Rule 10b-18 purchases” (as defined under Rule
10b-18(a)(13)). For the avoidance of doubt, nothing in this Section 6(e) shall preclude purchases of shares by an agent independent of the issuer (as defined in Rule
10b-18) pursuant to or in connection with any employee benefit or dividend plan. 
 7. Representations,
Warranties and Agreements. 
 (a) In addition to the representations, warranties and agreements in the Agreement and those contained
elsewhere herein, Counterparty represents and warrants to and for the benefit of, and agrees with, Dealer as follows: 
 (i)
As of the Trade Date, and as of the date of any election by Counterparty of the Share Termination Alternative under (and as defined in) Section 10(a) below, (A) Counterparty is not aware of any material nonpublic information regarding
Counterparty or the Shares and (B) all reports and other documents filed by Counterparty with the Securities and Exchange Commission pursuant to the Exchange Act when considered as a whole (with the more recent such reports and documents deemed
to amend inconsistent statements contained in any earlier such reports and documents), do not contain any untrue statement of a material fact or any omission of a material fact required to be stated therein or necessary to make the statements
therein, in the light of the circumstances in which they were made, not misleading. 
 (ii) Without limiting the generality
of Section 13.1 of the Equity Definitions, Counterparty acknowledges that Dealer is not making any representations or warranties or taking any position or expressing 

  
 9 

 
any view with respect to the treatment of the Transaction under any accounting standards including ASC Topic 260, Earnings Per Share, ASC Topic 815, Derivatives and Hedging, or ASC
Topic 480, Distinguishing Liabilities from Equity and ASC 815-40, Derivatives and Hedging – Contracts in Entity’s Own Equity (or any successor issue statements) or under FASB’s
Liabilities & Equity Project. 
 (iii) Without limiting the generality of Section 3(a)(iii) of the Agreement,
the Transaction will not violate Rule 13e-1 or Rule 13e-4 under the Exchange Act. 

(iv) Counterparty has publicly disclosed that its Board of Directors approved the institution of a program for the acquisition
of Shares, including via accelerated stock buyback programs. 
 (v) Counterparty is not entering into this Confirmation to
create actual or apparent trading activity in the Shares (or any security convertible into or exchangeable for Shares) or to raise or depress or otherwise manipulate the price of the Shares (or any security convertible into or exchangeable for
Shares) or otherwise in violation of the Exchange Act, and will not engage in any other securities or derivative transaction to such ends. 

(vi) Counterparty is not, and after giving effect to the transactions contemplated hereby will not be, required to register as
an “investment company” as such term is defined in the Investment Company Act of 1940, as amended. 
 (vii) On the
Trade Date, the Prepayment Date, the Initial Share Delivery Date and the Settlement Date, Counterparty is not, or will not be, “insolvent” (as such term is defined under Section 101(32) of the U.S. Bankruptcy Code (Title 11 of the
United States Code) (the “Bankruptcy Code”)) and Counterparty would be able to purchase the Shares hereunder in compliance with the corporate laws of the jurisdiction of its incorporation. 

(viii) Counterparty shall not declare or pay any Dividend (as defined above) to holders of record as of any date occurring
prior to the Settlement Date or, if the provisions of Annex A apply, the Cash Settlement Payment Date. In the event that Counterparty declares or pays any Dividend, Dealer may designate any Scheduled Trading Day that is a Relevant Day hereunder as
an Early Termination Date with respect to the Transaction, and the Transaction shall be the sole Affected Transaction and Counterparty shall be the sole Affected Party (any Early Termination Amount owed pursuant to this Section 7(a)(viii) will
not take into account any cash Dividend declared or paid by the Counterparty). 
 (ix) Counterparty understands no
obligations of Dealer to it hereunder will be entitled to the benefit of deposit insurance and that such obligations will not be guaranteed by any affiliate of Dealer or any governmental agency. 

(x) Counterparty (A) is capable of evaluating investment risks independently, both in general and with regard to all
transactions and investment strategies involving a security or securities; (B) will exercise independent judgment in evaluating the recommendations of any broker-dealer or its associated persons, unless it has otherwise notified the
broker-dealer in writing; and (C) has total assets of at least USD 50,000,000 as of the date hereof. 
 (xi) The assets
of Counterparty do not constitute “plan assets” under the Employee Retirement Income Security Act of 1974, as amended, the Department of Labor Regulations promulgated thereunder or similar law. 

(b) Each of Dealer and Counterparty agrees and represents that it is an “eligible contract participant” as defined in
Section 1a(18) of the U.S. Commodity Exchange Act, as amended. 
 (c) Counterparty acknowledges that the offer and sale of the
Transaction to it is intended to be exempt from registration under the Securities Act, by virtue of Section 4(a)(2) thereof. Accordingly, Counterparty represents and warrants to Dealer that (i) it has the financial ability to bear the
economic risk of its investment in the Transaction and is able to bear a total loss of its investment, (ii) it is an “accredited investor” as that term is defined in Regulation D as 

  
 10 

 
promulgated under the Securities Act, (iii) it is entering into the Transaction for its own account and without a view to the distribution or resale thereof, and (iv) the assignment,
transfer or other disposition of the Transaction has not been and will not be registered under the Securities Act and is restricted under this Confirmation, the Securities Act and state securities laws. 

(d) Counterparty agrees and acknowledges that Dealer is a “financial institution,” “swap participant” and “financial
participant” within the meaning of Sections 101(22), 101(53C) and 101(22A) of the Bankruptcy Code. The parties hereto further agree and acknowledge that it is the intent of the parties that (A) this Confirmation is (i) a
“securities contract,” as such term is defined in Section 741(7) of the Bankruptcy Code, with respect to which each payment and delivery hereunder or in connection herewith is a “termination value,” “payment
amount” or “other transfer obligation” within the meaning of Section 362 of the Bankruptcy Code and a “settlement payment,” within the meaning of Section 546 of the Bankruptcy Code and (ii) a “swap
agreement,” as such term is defined in Section 101(53B) of the Bankruptcy Code, with respect to which each payment and delivery hereunder or in connection herewith is a “termination value,” “payment amount” or
“other transfer obligation” within the meaning of Section 362 of the Bankruptcy Code and a “transfer,” as such term is defined in Section 101(54) of the Bankruptcy Code and a “payment or other transfer of
property” within the meaning of Sections 362 and 546 of the Bankruptcy Code, and (B) Dealer is entitled to the protections afforded by, among other sections, Sections 362(b)(6), 362(b)(17), 362(o), 546(e), 546(g), 548(d)(2), 555, 560 and
561 of the Bankruptcy Code. 
 8. Agreements and Acknowledgements Regarding Hedging. 

Counterparty acknowledges and agrees that: 

(a) During the Relevant Period, Dealer and its Affiliates may buy or sell Shares or other securities or buy or sell options or futures
contracts or enter into swaps or other derivative securities in order to adjust its hedge position with respect to the Transaction; 
 (b)
Dealer and its Affiliates also may be active in the market for Shares other than in connection with hedging activities in relation to the Transaction; 

(c) Dealer shall make its own determination as to whether, when or in what manner any hedging or market activities in Counterparty’s
securities shall be conducted and shall do so in a manner that it deems appropriate to hedge its price and market risk with respect to the Settlement Price and/or the VWAP Price; and 

(d) Any market activities of Dealer and its Affiliates with respect to Shares may affect the market price and volatility of Shares, as well as
the Settlement Price and/or the VWAP Price, each in a manner that may be adverse to Counterparty. 
 9. Special Provisions regarding Transaction
Announcements. 
 (a) If a Transaction Announcement occurs on or prior to the Settlement Date, then the Calculation Agent shall make
such adjustments based on commercially reasonable means to the Discount to account for the economic effect of the Transaction Announcement. If a Transaction Announcement occurs after the Trade Date but prior to the Scheduled Earliest Acceleration
Date, the Scheduled Earliest Acceleration Date shall be adjusted to be the date of such Transaction Announcement, provided that such day shall be a Relevant Day. 

(b) “Transaction Announcement” means (i) the announcement of an Acquisition Transaction, (ii) an announcement that
Counterparty or any of its subsidiaries has entered into an agreement, a letter of intent or an understanding to enter into an Acquisition Transaction, (iii) the announcement by Counterparty or any of its subsidiaries of an intention to solicit
or enter into, or to explore strategic alternatives or other similar undertaking that may include, an Acquisition Transaction, or (iv) any other announcement that in the reasonable judgment of the Calculation Agent is reasonably likely to be
completed and that, if completed, would result in an Acquisition Transaction. For the avoidance of doubt, announcements as used in this definition of Transaction Announcement refer to any public announcement whether made by the Counterparty, any of
its subsidiaries or a third party. 

  
 11 

 “Acquisition Transaction” means (i) any Merger Event (and for purposes of
this definition the definition of Merger Event shall be read with the references therein to “100%” being replaced by “25%” and to “50%” by “75%” and as if the clause beginning immediately following the
definition of Reverse Merger therein to the end of such definition were deleted) or Tender Offer, or any other transaction involving the merger of Counterparty with or into any third party, (ii) the sale or transfer of all or substantially all
of the assets of Counterparty, (iii) a recapitalization, reclassification, binding share exchange or other similar transaction, (iv) any acquisition, lease, exchange, transfer, disposition (including by way of spin-off or distribution) of assets (including any capital stock or other ownership interests in subsidiaries) or other similar event by Counterparty or any of its subsidiaries where the aggregate consideration
transferable or receivable by or to Counterparty or its subsidiaries exceeds 25% of the market capitalization of Counterparty and (v) any transaction in which Counterparty or its board of directors has a legal obligation to make a
recommendation to its shareholders in respect of such transaction (whether pursuant to Rule 14e-2 under the Exchange Act or otherwise). 

10. Other Provisions. 
 (a)
Alternative Calculations and Payment on Early Termination and on Certain Extraordinary Events. If either party would owe the other party any amount pursuant to Sections 12.2, 12.3, 12.6, 12.7 or 12.9 of the Equity Definitions or pursuant to
Section 6(d)(ii) of the Agreement (a “Payment Obligation”), Counterparty shall have the right, in its sole discretion, to satisfy or to require Dealer to satisfy, as the case may be, any such Payment Obligation, in whole or in
part, by the Share Termination Alternative (as defined below) by giving irrevocable telephonic notice to Dealer, confirmed in writing within one Scheduled Trading Day, no later than 9:30 A.M. New York City time on the Merger Date, Tender Offer Date,
Announcement Date, Early Termination Date or date of cancellation or termination in respect of an Extraordinary Event, as applicable (“Notice of Share Termination”); provided that if Dealer would owe Counterparty the Payment
Obligation and Counterparty, in its sole discretion, does not elect to require Dealer to satisfy such Payment Obligation by the Share Termination Alternative in whole, Dealer shall have the right, in its good faith and commercially reasonable
discretion, to elect to satisfy any portion of such Payment Obligation that Counterparty has not so elected by the Share Termination Alternative, notwithstanding Counterparty’s failure to elect or election to the contrary; and provided
further in the event of (i) an Insolvency, a Nationalization, a Merger Event or a Tender Offer, in each case, in which the consideration or proceeds to be paid to holders of Shares consists solely of cash or (ii) an Event of Default in
which Counterparty is the Defaulting Party or a Termination Event in which Counterparty is the Affected Party, which Event of Default or Termination Event resulted from an event or events within Counterparty’s control, Dealer shall elect the
method of settlement for a Payment Obligation. Upon such Notice of Share Termination, the following provisions shall apply on the Relevant Day immediately following the Merger Date, Tender Offer Date, Announcement Date, Early Termination Date or
date of cancellation or termination in respect of an Extraordinary Event, as applicable, with respect to the Payment Obligation or such portion of the Payment Obligation for which the Share Termination Alternative has been elected (the
“Applicable Portion”): 
  

	 Share Termination Alternative: 
	Applicable and means, if delivery pursuant to the Share Termination Alternative is owed by Dealer, that Dealer shall deliver to Counterparty the Share Termination Delivery Property on the date on which the Payment Obligation would otherwise be
due pursuant to Section 12.7 or 12.9 of the Equity Definitions or Section 6(d)(ii) of the Agreement, as applicable, or such later date as the Calculation Agent may reasonably determine (the “Share Termination Payment
Date”), in satisfaction of the Payment Obligation or the Applicable Portion, as the case may be. If delivery pursuant to the Share Termination Alternative is owed by Counterparty, paragraphs 2 through 5 of Annex A shall apply as if such
delivery were a settlement of the Transaction to which Net Share Settlement (as defined in Annex A) applied, the Cash Settlement Payment Date were the Early Termination Date, the Forward Cash Settlement Amount were zero (0) minus the
Payment Obligation (or the Applicable Portion, as the case may be) owed by Counterparty, and “Shares” as used in Annex A were replaced by “Share Termination Delivery Units.” 

 

	 Share Termination Delivery Property: 
	A number of Share Termination Delivery Units, as calculated by the Calculation Agent in a commercially reasonable manner, equal to the Payment Obligation (or the Applicable Portion, as the case may be) divided by the Share Termination Unit
Price. The Calculation Agent shall adjust the Share Termination Delivery Property by replacing any fractional portion of a security therein with an amount of cash equal to the value of such fractional security based on the values used to calculate
the Share Termination Unit Price. 

  
 12 

	 Share Termination Unit Price: 
	The value of property contained in one Share Termination Delivery Unit on the date such Share Termination Delivery Units are to be delivered as Share Termination Delivery Property, as determined by the Calculation Agent in good faith and by
commercially reasonable means and notified by the Calculation Agent to the parties at the time of notification of the Payment Obligation. 

  

	 Share Termination Delivery Unit: 
	In the case of a Termination Event, Event of Default, Delisting or Additional Disruption Event, one Share or, in the case of an Insolvency, Nationalization, Merger Event or Tender Offer, one Share or a unit consisting of the number or amount of
each type of property received by a holder of one Share (without consideration of any requirement to pay cash or other consideration in lieu of fractional amounts of any securities) in such Insolvency, Nationalization, Merger Event or Tender Offer.
If such Insolvency, Nationalization, Merger Event or Tender Offer involves a choice of consideration to be received by holders, such holder shall be deemed to have elected to receive the maximum possible amount of cash. 

 

	 Failure to Deliver: 
	Applicable 

  

	 Other applicable provisions: 
	If Share Termination Alternative is applicable, the provisions of Sections 9.8, 9.9, 9.10, 9.11 (except that the Representation and Agreement contained in Section 9.11 of the Equity Definitions shall be modified by excluding any
representations therein relating to restrictions, obligations, limitations or requirements under applicable securities laws arising as a result of the fact that Counterparty is the issuer of the Shares or any portion of the Share Termination
Delivery Units) and 9.12 of the Equity Definitions will be applicable as if “Physical Settlement” applied to the Transaction, except that all references to “Shares” shall be read as references to “Share Termination Delivery
Units”. 

 (b) Equity Rights. Dealer acknowledges and agrees that this Confirmation is not intended to convey to
it rights with respect to the Transaction that are senior to the claims of common stockholders in the event of Counterparty’s bankruptcy. For the avoidance of doubt, the parties agree that the preceding sentence shall not apply at any time
other than during Counterparty’s bankruptcy to any claim arising as a result of a breach by Counterparty of any of its obligations under this Confirmation or the Agreement. 

(c) No Security. The parties acknowledge that this Confirmation is not secured by any collateral that would otherwise secure the
obligations of Counterparty herein under or pursuant to any other agreement. 
 (d) Reserved. 

(e) Staggered Settlement. If Dealer would owe Counterparty any Shares pursuant to the “Settlement Terms” above, Dealer may,
by notice to Counterparty on or prior to the Settlement Date (a “Nominal Settlement Date”), elect to deliver the Shares deliverable on such Nominal Settlement Date on two or more dates (each, a “Staggered Settlement
Date”) or at two or more times on the Nominal Settlement Date as follows: (i) in such notice, Dealer will specify to Counterparty the related Staggered Settlement Dates (each of which will be on or prior to such Nominal Settlement
Date) or delivery times and how it will allocate the Shares it is required to deliver under “Settlement Terms” above among the Staggered Settlement Dates or delivery times; and (ii) the aggregate number of Shares that Dealer will
deliver to Counterparty hereunder on all such Staggered Settlement Dates and delivery times will equal the number of Shares that Dealer would otherwise be required to deliver on such Nominal Settlement Date. 

(f) Adjustments. For the avoidance of doubt, whenever the Calculation Agent or the Determining Party is called upon to make an
adjustment pursuant to the terms of this Confirmation or the Definitions, such adjustments shall be 

  
 13 

 
made in a commercially reasonable manner based on commercially reasonable inputs and, to the extent of any adjustments or amendments to the terms of this Confirmation or the Transaction, the
Confirmation and Transaction shall retain (i) contingencies to exercise that are not an observable market, other than the market for the Counterparty’s stock or an observable index, other than an index calculated or measured solely by
reference to the Counterparty’s own operations, (ii) the commercially reasonable nature of adjustments permitted to the Transaction (such as to consider changes in volatility, expected dividends, stock price, strike price, stock loan rate
or liquidity relevant to the Shares, other commercially reasonable option pricing inputs and the ability to maintain a commercially reasonable hedge position relating to the underlying shares) and (iii) settlement in Shares as the default
settlement method (subject to Counterparty’s ability to elect otherwise subject to certain conditions) pursuant to Section 10(a) above and Annex A below. 

(g) Transfer and Assignment. Dealer may transfer or assign its rights and obligations hereunder and under the Agreement, in whole or in
part, to any of its Affiliates, (i) whose senior unsecured credit rating at the time of any such transfer or assignment is greater than or equal to Dealer’s rating, or (ii) whose obligations under this Transaction are subject to a
guaranty by Bank of America Corporation provided that such guaranty is reasonably acceptable to Counterparty, and provided further that Counterparty will not be required to pay or deliver more or receive less hereunder as a result of
such transfer or assignment by Dealer then in the absence of such transfer or assignment. 
 (h) Additional Termination Event. It
shall constitute an Additional Termination Event with respect to which the Transaction is the sole Affected Transaction and Counterparty is the sole Affected Party and Dealer shall be the party entitled to designate an Early Termination Date
pursuant to Section 6(b) of the Agreement if, at any time during the Relevant Period, the VWAP Price, as determined by the Calculation Agent, is at or below the Threshold Price (as provided in Annex B to this Confirmation) for three
(3) consecutive Exchange Business Days. 
 (i) Amendments to Equity Definitions. The following amendments shall be made to the
Equity Definitions: 
 (i) Section 11.2(a) of the Equity Definitions is hereby amended by deleting the words “diluting
or concentrative effect on the theoretical value of the relevant Shares” and replacing them with the words “material effect on the relevant Transaction”; 

(ii) The first sentence of Section 11.2(c) of the Equity Definitions, prior to clause (A) thereof, is hereby amended
to read as follows: ‘(c) If “Calculation Agent Adjustment” is specified as the Method of Adjustment in the related Confirmation of a Share Option Transaction or Share Forward Transaction, then following the announcement or occurrence
of any Potential Adjustment Event, the Calculation Agent will determine whether such Potential Adjustment Event has a material economic effect on the Transaction and, if so, will (i) make appropriate adjustment(s), if any, to any one or more
of:’ and the portion of such sentence immediately preceding clause (ii) thereof is hereby amended by deleting the words “diluting or concentrative” and replacing such words with the word “material” and deleting
the words “(provided that no adjustments will be made to account solely for changes in volatility, expected dividends, stock loan rate or liquidity relative to the relevant Shares)” and replacing such latter phrase with the words
“(and, for the avoidance of doubt, adjustments may be made to account solely for changes in volatility, stock loan rate or liquidity relative to the relevant Shares)”; 

(iii) Section 11.2(e)(vii) of the Equity Definitions is hereby amended by deleting the words “diluting or concentrative
effect on the theoretical value of the relevant Shares” and replacing them with the words “material economic effect on the relevant Transaction”; 

(iv) Section 12.6(a)(ii) of the Equity Definitions is hereby amended by (1) deleting from the fourth line thereof the word
“or” after the word “official” and inserting a comma therefor, and (2) deleting the semi-colon at the end of subsection (B) thereof and inserting the following words therefor “or (C) at Dealer’s option,
the occurrence of any of the events specified in Section 5(a)(vii) (1) through (9) of the ISDA Master Agreement with respect to that issuer”; 

(v) Section 12.9(b)(iv) of the Equity Definitions is hereby amended by (A) deleting (1) subsection (A) in its
entirety, (2) the phrase “or (B)” following subsection (A) and (3) the phrase “in each case” in subsection (B); and (B) deleting the phrase “neither the Non-Hedging
Party nor the Lending Party lends Shares in the amount of the Hedging Shares or” in the penultimate sentence; and 

  
 14 

 (vi) Section 12.9(b)(v) of the Equity Definitions is hereby amended by
(A) adding the word “or” immediately before subsection “(B)” and deleting the comma at the end of subsection (A); and (B)(1) deleting subsection (C) in its entirety, (2) deleting the word “or” immediately
preceding subsection (C) and (3) replacing in the penultimate sentence the words “either party” with “the Hedging Party” and (4) deleting clause (X) in the final sentence. 

(j) No Netting and Set-off. Each party waives any and all rights it may have to set off
obligations arising under the Agreement and the Transaction against other obligations between the parties, whether arising under any other agreement, applicable law or otherwise. 

(k) Termination Currency. The Termination Currency shall be USD. 

(l) Designation by Dealer. Notwithstanding any other provision in this Confirmation to the contrary requiring or allowing Dealer to
purchase, sell, receive or deliver any Shares or other securities to or from Counterparty and Section 10(f) hereof, Dealer (the “Designator”) may designate any of its Affiliates (the “Designee”) to deliver or
take delivery, as the case may be, and otherwise perform its obligations to deliver, if any, or take delivery of, as the case may be, any such Shares or other securities in respect of the Transaction, and the Designee may assume such obligations, if
any. Such designation shall not relieve the Designator of any of its obligations, if any, hereunder. Notwithstanding the previous sentence, if the Designee shall have performed the obligations, if any, of the Designator hereunder, then the
Designator shall be discharged of its obligations, if any, to Counterparty to the extent of such performance. 
 (m) Wall Street
Transparency and Accountability Act of 2010. The parties hereby agree that none of (v) Section 739 of the Wall Street Transparency and Accountability Act of 2010 (“WSTAA”), (w) any similar legal certainty provision in
any legislation enacted, or rule or regulation promulgated, on or after the Trade Date, (x) the enactment of WSTAA or any regulation under WSTAA, (y) any requirement under WSTAA nor (z) an amendment made by WSTAA, shall limit or
otherwise impair either party’s rights to terminate, renegotiate, modify, amend or supplement this Confirmation or the Agreement, as applicable, arising from a termination event, force majeure, illegality, increased costs, regulatory change or
similar event under this Confirmation, the Equity Definitions incorporated herein, or the Agreement (including, but not limited to, rights arising from Change in Law, Hedging Disruption, Increased Cost of Hedging, Loss of Stock Borrow, Increased
Cost of Stock Borrow or Illegality). 
 (n) No Condition of Confidentiality. Effective from the date of commencement of discussions
concerning the Transaction, Counterparty and each of its employees, representatives, or other agents may disclose to any and all persons, without limitation of any kind, the tax treatment and tax structure of the Transaction and all materials of any
kind (including opinions or other tax analyses) that are provided to Counterparty relating to such tax treatment and tax structure. 
 (o)
Tax Matters. 
 (i) Withholding Tax Imposed on Payments to Non-US Counterparties Under
the United States Foreign Account Tax Compliance Act. “Tax” and “Indemnifiable Tax”, each as defined in Section 14 of the Agreement, shall not include any U.S. federal withholding tax imposed or collected
pursuant to Sections 1471 through 1474 of the U.S. Internal Revenue Code of 1986, as amended (the “Tax Code”), any current or future regulations or official interpretations thereof, any agreement entered into pursuant to
Section 1471(b) of the Tax Code, or any fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement entered into in connection with the implementation of such Sections of the Tax Code (a
“FATCA Withholding Tax”). For the avoidance of doubt, a FATCA Withholding Tax is a Tax the deduction or withholding of which is required by applicable law for the purposes of Section 2(d) of the Agreement. 

(ii) HIRE Act. “Tax” and “Indemnifiable Tax”, each as defined in Section 14 of the Agreement,
shall not include any tax imposed on payments treated as dividends from sources within the United States under Section 871(m) of the Tax Code or any regulations issued thereunder. 

(iii) Tax Documentation. Counterparty shall provide to Dealer a valid U.S. Internal Revenue Service Form W-9, or any successor thereto, (a) on or before the date of execution of this Confirmation and (b) promptly upon learning that any such tax form previously provided by Counterparty has become obsolete or
incorrect. Additionally, Counterparty shall, promptly upon request by Dealer, provide such other tax forms and documents requested by Dealer. 

  
 15 

 (p) GOVERNING LAW. THIS CONFIRMATION AND THE AGREEMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO THE CHOICE OF LAW RULES THEREOF EXCEPT FOR SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW.
THE PARTIES HERETO IRREVOCABLY SUBMIT TO THE EXCLUSIVE JURISDICTION OF THE FEDERAL AND STATE COURTS LOCATED IN THE BOROUGH OF MANHATTAN, IN THE CITY OF NEW YORK IN ANY SUIT OR PROCEEDING ARISING OUT OF OR RELATING TO THE TRANSACTION, THIS
CONFIRMATION AND THE AGREEMENT. 
 (q) WAIVER OF RIGHT TO TRIAL BY JURY. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY AND ALL
RIGHTS TO TRIAL BY JURY WITH RESPECT TO ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THE TRANSACTION, THIS CONFIRMATION AND THE AGREEMENT. 

[Signature Page Follows] 

  
 16 

 Please confirm your agreement to be bound by the terms stated herein by executing the copy of
this Confirmation enclosed for that purpose and returning it to us by email to the address for Notices indicated above. 
  

			
	Yours sincerely,
	
	BANK OF AMERICA, N.A.
		
	By:	 	/s/ Jake Mendelsohn
	Name:	 	Jake Mendelsohn
	Title:	 	Managing Director

  

			
	Confirmed as of the date first above written:
	
	NETSCOUT SYSTEMS, INC.
		
	By:	 	/s/ Jean Bua
	Name:	 	Jean Bua
	Title:	 	Executive Vice President & Chief Financial Officer

  
 [Signature
Page to the ASR Confirmation] 

 ANNEX A 

COUNTERPARTY SETTLEMENT PROVISIONS 

1. The following Counterparty Settlement Provisions shall apply to the extent indicated under the Confirmation: 

 

	 Settlement Currency: 
	USD 

  

	 Settlement Method Election: 
	Applicable; provided that (i) Section 7.1 of the Equity Definitions is hereby amended by deleting the word “Physical” in the sixth line thereof and replacing it with the words “Net Share” and (ii) the
Electing Party may make a settlement method election only if the Electing Party represents and warrants to Dealer in writing on the date it notifies Dealer of its election that, as of such date, (A) none of Counterparty and its officers and
directors is aware of any material nonpublic information regarding Counterparty or the Shares and (B) all reports and other documents filed by Counterparty with the Securities and Exchange Commission pursuant to the Exchange Act when considered
as a whole (with the more recent such reports and documents deemed to amend inconsistent statements contained in any earlier such reports and documents), do not contain any untrue statement of a material fact or any omission of a material fact
required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they were made, not misleading. 

  

	 Electing Party: 
	Counterparty 

  

	 Settlement Method Election Date: 
	Any Exchange Business Days at least ten (10) Scheduled Trading Days prior to the Valuation Date; provided that if Dealer accelerates the Final Averaging Date pursuant to the proviso to the definition of Final Averaging Date, the
Settlement Method Election Date shall be the second Exchange Business Day immediately following the Valuation Date. 

  

	 Default Settlement Method: 
	Net Share Settlement 

  

	 Special Settlement: 
	Either (i) a settlement to which this Annex A applies that follows the occurrence of a Transaction Announcement to which Section 9 of this Confirmation applies or (ii) any settlement to which paragraphs 2 through 5 of this Annex A
apply that follows a termination or cancellation of the Transaction pursuant to Section 6 of the Agreement or Article 12 of the Equity Definitions to which Section 10(a) of this Confirmation applies. 

 

	 Forward Cash Settlement Amount: 
	The Number of Shares to be Delivered multiplied by the Settlement Valuation Price. 

  

	 Settlement Valuation Price: 
	The arithmetic average of the VWAP Prices for all Settlement Valuation Dates, subject to Averaging Date Disruption, determined as if each Settlement Valuation Date were an Averaging Date (with Averaging Date Disruption applying as if the last
Settlement Valuation Date were the Final Averaging Date and the Settlement Valuation Price were the Settlement Price). 

  

	 Settlement Valuation Dates: 
	A number of Relevant Days selected by Dealer in its reasonable discretion required in order to unwind a commercially reasonable hedge position in a commercially reasonable manner, beginning on the Relevant Day immediately following the later of
the Settlement Method Election Date and the Final Averaging Date. 

  
 A-1 

	 Cash Settlement: 
	If Cash Settlement is applicable, then Counterparty shall pay to Dealer the absolute value of the Forward Cash Settlement Amount on the Cash Settlement Payment Date. 

 

	 Cash Settlement Payment Date: 
	The date one Settlement Cycle following the last Settlement Valuation Date. 

  

	 Net Share Settlement Procedures: 
	If Net Share Settlement is applicable, Net Share Settlement shall be made in accordance with paragraphs 2 through 5 below. 

2. Net Share Settlement shall be made by delivery on the Settlement Date of a number of Shares equal to the product of a commercially
reasonable discount percentage determined by Dealer and the absolute value of the Number of Shares to be Delivered; provided that in the case of a Special Settlement, Net Share Settlement shall be made (i) by delivery on the Cash
Settlement Payment Date (such date, the “Net Share Settlement Date”) of a number of Shares (the “Restricted Payment Shares”) with a value equal to the absolute value of the Forward Cash Settlement Amount, with such
Shares’ value based on the realizable and commercially reasonable market value thereof to Dealer (which value shall take into account an illiquidity discount resulting from the fact that the Restricted Payment Shares will not be registered for
resale), as determined by the Calculation Agent in good faith (the “Restricted Share Value”), and paragraph 3 of this Annex A shall apply to such Restricted Payment Shares, and (ii) by delivery of the Make-Whole Payment Shares
as described in paragraph 4 below. 
 3. (a) All Restricted Payment Shares and Make-Whole Payment Shares shall be delivered to Dealer (or
any affiliate of Dealer designated by Dealer) pursuant to the exemption from the registration requirements of the Securities Act provided by Section 4(a)(2) thereof. 

(b) As of or prior to the date of delivery, Dealer and any potential purchaser of any such Shares from Dealer (or any affiliate of Dealer
designated by Dealer) identified by Dealer shall be afforded a commercially reasonable opportunity to conduct a due diligence investigation with respect to Counterparty customary in scope for private placements of equity securities of similar size
for an issuance of its size (including, without limitation, the right to have made available to them for inspection all financial and other records, pertinent corporate documents and other information reasonably requested by them). 

(c) As of the date of delivery, Counterparty shall enter into an agreement (a “Private Placement Agreement”) with Dealer (or
any affiliate of Dealer designated by Dealer) in connection with the private placement of such Shares by Counterparty to Dealer (or any such affiliate) and the private resale of such Shares by Dealer (or any such affiliate), substantially similar to
private placement purchase agreements of similar size customary for private placements of equity securities for an issuance of its size, in form and substance commercially reasonably satisfactory to Dealer, which Private Placement Agreement shall
include, without limitation, provisions substantially similar to those contained in such private placement purchase agreements relating to the indemnification of, and contribution in connection with the liability of, Dealer and its affiliates, and
shall provide for the payment by Counterparty of all commercially reasonable fees and expenses in connection with such resale, including all commercially reasonable fees and expenses of counsel for Dealer, and shall contain representations,
warranties and agreements of Counterparty reasonably necessary or advisable to establish and maintain the availability of an exemption from the registration requirements of the Securities Act for such resales. 

(d) Counterparty shall not take or cause to be taken any action that would make unavailable either (i) the exemption set forth in
Section 4(a)(2) of the Securities Act for the sale of any Restricted Payment Shares or Make-Whole Payment Shares by Counterparty to Dealer or (ii) an exemption from the registration requirements of the Securities Act reasonably acceptable
to Dealer for resales of Restricted Payment Shares and Make-Whole Payment Shares by Dealer (or an affiliate of Dealer). 
 4. If Restricted
Payment Shares are delivered in accordance with paragraph 3 above, on the last Settlement Valuation Date, a balance (the “Settlement Balance”) shall be established with an initial balance equal to the absolute value of the Forward
Cash Settlement Amount. Following the delivery of Restricted Payment Shares or any Make-Whole Payment Shares, Dealer shall sell all such Restricted Payment Shares or Make-Whole Payment Shares in a commercially

  
 A-2 

 
reasonable manner over a commercially reasonable period of time to unwind a commercially reasonable hedge position. At the end of each Exchange Business Day upon which sales have been made, the
Settlement Balance shall be reduced by an amount equal to the aggregate proceeds received by Dealer or its affiliate upon the sale of such Restricted Payment Shares or Make-Whole Payment Shares, less a customary and commercially reasonable private
placement fee for private placements of common stock by similar issuers. If, on any Exchange Business Day, all Restricted Payment Shares and Make-Whole Payment Shares have been sold and the Settlement Balance has not been reduced to zero,
Counterparty shall (i) deliver to Dealer or as directed by Dealer one Settlement Cycle following such Exchange Business Day an additional number of Shares (the “Make-Whole Payment Shares” and, together with the Restricted
Payment Shares, the “Payment Shares”) equal to (x) the Settlement Balance as of such Exchange Business Day divided by (y) the Restricted Share Value of the Make-Whole Payment Shares as of such Exchange Business Day
or (ii) promptly deliver to Dealer cash in an amount equal to the then remaining Settlement Balance. This provision shall be applied successively until either the Settlement Balance is reduced to zero or the aggregate number of Restricted
Payment Shares and Make-Whole Payment Shares equals the Maximum Deliverable Number. If on any Exchange Business Day, Restricted Payment Shares and Make-Whole Payment Shares remain unsold and the Settlement Balance has been reduced to zero, Dealer
shall promptly return such unsold Restricted Payment Shares or Make-Whole Payment Shares. 
 5. Notwithstanding the foregoing, in no event
shall Counterparty be required to deliver more than the Maximum Deliverable Number of Shares hereunder. “Maximum Deliverable Number” means the number of Shares set forth as such in Annex B to this Confirmation. Counterparty
represents and warrants to Dealer (which representation and warranty shall be deemed to be repeated on each day from the date hereof to the Settlement Date or, if Counterparty has elected to deliver any Payment Shares hereunder in connection with a
Special Settlement, to the date on which resale of such Payment Shares is completed (the “Final Resale Date”)) that the Maximum Deliverable Number is equal to or less than the number of authorized but unissued Shares of Counterparty
that are not reserved for future issuance in connection with transactions in such Shares (other than the transactions under this Confirmation) on the date of the determination of the Maximum Deliverable Number (such Shares, the “Available
Shares”). In the event Counterparty shall not have delivered the full number of Shares otherwise deliverable as a result of this paragraph 5 (the resulting deficit, the “Deficit Shares”), Counterparty shall be continually
obligated to deliver, from time to time until the full number of Deficit Shares have been delivered pursuant to this paragraph, Shares when, and to the extent that, (i) Shares are repurchased, acquired or otherwise received by Counterparty or
any of its subsidiaries after the date hereof (whether or not in exchange for cash, fair value or any other consideration), (ii) authorized and unissued Shares reserved for issuance in respect of other transactions prior to such date which prior to
the relevant date become no longer so reserved or (iii) Counterparty additionally authorizes any unissued Shares that are not reserved for other transactions. Counterparty shall promptly notify Dealer of the occurrence of any of the foregoing
events (including the number of Shares subject to clause (i), (ii) or (iii) and the corresponding number of Shares to be delivered) and promptly deliver such Shares thereafter. 

  
 A-3Exhibit 10.1

 

TOKEN DEVELOPMENT AGREEMENT

 

This Token Development Agreement (“Agreement”) is
made as of January 29, 2018, by and between UPGRADE DIGITAL INC. d/b/a BlockchainDriven, a New York corporation with an address
at 33 W. 19th Street, New York, NY 10001 (“Developer”) and STERLING CONSOLIDATED CORP., a Nevada corporation
with an address at 1105 Green Grove Road, Neptune City, NJ 07753 (“STCC”)

 

NOW THEREFORE, in consideration of the mutual promises herein
contained, the parties hereto agree as follows:

 

1. Duties and Responsibilities. 

 

Developer shall serve as a contractor of STCC and shall design,
develop, and implement a token (the “Token”) according to the functional specifications and related information specified
in Exhibit A attached hereto (the “Specifications”).

 

2. Ownership of Token. 

 

Developer agrees that the development of the Token is “work
made for hire” within the meaning of the Copyright Act of 1976, as amended, and that the Token shall be the sole property
of STCC. Developer hereby assigns to STCC, without further compensation, all of its right, title and interest in and to the Token
and any and all related patents, patent applications, copyrights, copyright applications, trademarks and trade names in the United
States and elsewhere. All versions of the Token shall contain STCC’s notice of copyright in such form as STCC may provide
to Developer in writing. Upon reasonable request, Developer will sign all applications, assignments, instruments and papers and
perform all acts necessary or desired by STCC to assign the Token fully and completely to STCC and to enable STCC, its successors,
assigns and nominees, to secure and enjoy the full and exclusive benefits and advantages thereof.

 

3. Compensation. 

 

A.       
STCC shall pay Developer a fee payable as follows: Upon execution of this Agreement STCC shall pay Developer $15,000 by wire transfer
to an account designated by Developer in writing. Developer shall not commence any work under this Agreement until receipt of the
cash portion of the fee. The remainder of the fee shall be payable within ten (10) business days after payment of the cash portion
of the fee. This portion of the fee shall consist of 750,000 shares of STCC common stock, par value $0.001 per share. The shares
shall be delivered to a brokerage account designated by Developer in writing. Developer agrees to hold the shares for a minimum
of six (6) months from the date of their issuance. At the conclusion of the applicable waiting period, if any, under SEC Rule 144,
upon the request of Developer, STCC shall instruct its transfer agent to exchange Developer’s stock certificate for a new
certificate without any restrictive legend. Developer shall provide STCC’s transfer agent with such documentation, including
an opinion of counsel in form and substance reasonably satisfactory to the exchange agent, as the exchange agent may require as
a precondition to removal of the legend.

 

     

     

    

 

B.        Subject
to STCC’s prior approval, STCC will reimburse Developer for all reasonable out-of-pocket expenses, incurred by Developer
directly related to its performance of services under this Agreement. STCC shall make reimbursement within ten (10) business days
after Developer submits receipts in the same form that STCC requires for its own employees.

 

4. Independent Contractor. 

 

Developer is acting as an independent contractor with respect
to the services provided to STCC. Neither Developer nor the employees of the Developer performing services for STCC will be considered
employees or agents of STCC. STCC will not be responsible for Developer’s acts or the acts of Developer’s employees
while performing services under this Agreement. Nothing contained in this Agreement shall be construed to imply a joint venture,
partnership or principal-agent relationship between the parties, and neither party by virtue of this Agreement shall have any right,
power or authority to act or create any obligation, express or implied, on behalf of the other party.

 

5. Development Staff. 

 

Developer will utilize employees and/or contractors capable
of designing and implementing the Token to be developed hereunder. All work shall be performed in a professional and workmanlike
manner.

 

6. Change in Specifications. 

 

STCC may request that changes be made to the Specifications,
or other aspects of the Agreement and tasks associated with this Agreement. If STCC requests such a change, Developer will advise
what the additional costs would be to implement the requested changes and the delay, if any, that implementing such changes would
cause in the delivery of the Token. STCC and Developer shall confer, and STCC shall, in its discretion, elect either to withdraw
its proposed change or require Developer to deliver the Token with the proposed change and subject to the delay and/or additional
expense. Developer shall have no obligation to perform any work required by the requested changes until STCC and Developer agree
on terms.

 

7. Confidentiality. 

 

    2 

     

    

 

A.        Developer
acknowledges that certain information supplied by STCC which has or will come into Developer’s possession or knowledge of
Developer in connection with its performance hereunder, is to be considered STCC’s confidential and proprietary information
(the “Confidential Information”). Confidential Information includes the Token, trade secrets, processes, data, know-how,
program codes, documentation, flowcharts, algorithms, marketing plans, forecasts, unpublished financial statements, budgets, licenses,
prices, costs, and employee and customer lists and any other written material STCC identifies, in writing, as confidential. Developer’s
undertakings and obligations under this Section will not apply, however, to any Confidential Information which: (i) is or becomes
generally known to the public through no action on Developer’s part, (ii) is generally disclosed to third parties by STCC
without restriction on such third parties, (iii) is disclosed to Developer by a third party who was not, to Developer’s knowledge,
subject to any confidentiality restrictions or (iv) is approved for release by written authorization of STCC. Upon termination
of this Agreement or at any other time upon request, Developer will promptly deliver to STCC all notes, memoranda, notebooks, drawings,
records, reports, files, documented source codes and other documents (and all copies or reproductions of such materials) in its
possession or under its control, whether prepared by Developer or others, which contain Confidential Information. Developer acknowledges
that Confidential Information is the sole property of STCC. Developer agrees to o hold Confidential Information in confidence,
not to make use of it other than for the performance of its obligations hereunder, to release it only to the Developer’s
employees or contractors with a need to know such information and not to release or disclose it to any other party. At any time,
upon request, the Developer will return any such information within its possession to STCC.

 

8. Acceptance of Deliverables. 

 

Developer shall provide STCC with a process of operation and
steps required to issue Tokens. Upon Developer’s demonstration that the Tokens issue in accordance with the Specifications,
the deliverables shall be deemed accepted and payment shall be due as provided in Section 3A, above.

 

9. Warranties. 

 

Developer warrants that the Token will not infringe upon any
copyright, patent, trade secret or other intellectual property interest of any third party. Developer will indemnify and hold STCC
harmless from and against all such infringement claims, losses, suits and damages including, but not limited to, attorney’s
fees and costs, and shall promptly following any bona-fide claim of infringement correct the Token so as not to be infringing,
or secure at its own expense the right of STCC to use the Token without infringement.

 

10. Notices. 

 

All notices and other communications required or permitted hereunder
or necessary or convenient in connection herewith shall be in writing and shall be deemed to have been given when mailed by certified
or registered mail, postage prepaid, or by nationally recognized overnight delivery service to the address set forth in the first
paragraph of this Agreement or to such other address as identified by a party to the other in writing.

 

    3 

     

    

 

11. No Waiver. 

 

The failure of a party to require strict performance of any
provision of this Agreement by the other, or the forbearance to exercise any right or remedy, shall not be construed as a waiver
by such party of any such right or remedy or preclude any other or further exercise thereof or the exercise of any other right
or remedy.

 

12. Entire Agreement. 

 

This Agreement constitutes the complete and exclusive agreement
between parties as to the subject matter hereof and supersedes all prior understandings or agreements whether oral or written,
express or implied. This Agreement may be modified only be written instrument signed by both parties hereto.

 

13. Severability. 

 

If any term of this Agreement is held by a court of competent
jurisdiction to be invalid or unenforceable, then this Agreement, including all of the remaining terms, will remain in full force
and effect as if such invalid or unenforceable term had never been included.

 

14. Governing Law. 

 

The terms of this Agreement shall be construed and enforced
under the laws of the State of New York applicable to contracts entered into and to be wholly performed within the State of New
York. In the event of any controversy arising under this Agreement, the parties hereby irrevocably submit to the exclusive personal
jurisdiction of the Federal and state courts located in the County of New York, State of New York and each party hereby irrevocably
waives any objection thereto based on lack of venue, forum non conveniens or any similar grounds.

 

15. Headings. 

 

The headings used in this Agreement are for convenience only
and are not to be used in construction or interpretation.

 

IN WITNESS WHEREOF, the parties have executed this Agreement
by their duly authorized representatives on the dates below written.

 

 

	 	UPGRADE DIGITAL INC. d/b/a 	 
	 	BlockchainDriven	 
	 	 	 	 
	 	By: 	Art Malkov	 
	 	 	 	 
	 	Name & Title: Principal	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	STERLING CONSOLIDATED CORP.	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	By: 	/s/Darren DeRosa	 
	 	 	 	 
	 	Name & Title CEO and President	 
	 	 	 	 

 

    4

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