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EXHIBIT 4(f)    
    

FORM OF EXCHANGE NOTE DUE 2013

        UNLESS
THIS GLOBAL NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS
MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

 
 
 

METROPOLITAN EDISON COMPANY
  
    4.95% Exchange Senior Note due 2013    
    

	Original Issue Date:	 	March 20, 2003
	

Stated Maturity:	
 	

March 15, 2013
	

Interest Rate:	
 	

4.95%
	

Interest Payment Dates:	
 	

March 15 and September 15
	

Regular Record Dates:	
 	

The Business Day immediately preceding each Interest Payment Date so long as this Note is issued in book-entry only form, otherwise the fifteenth calendar day next preceding each Interest Payment Date

Redeemable:
Yes ý    No o 

	$0	 	CUSIP No.                              

        METROPOLITAN
EDISON COMPANY, a corporation duly organized and existing under the laws of the Commonwealth of Pennsylvania (herein called the "Company," which term includes any successor
under the Indenture referred to below), for value received, hereby promises to pay to CEDE & CO., or registered assigns, the principal sum of ZERO DOLLARS ($100,000,000) on the Stated Maturity
specified above, and to pay interest thereon from the Original Issue Date specified above or from the most recent Interest Payment Date to which interest has been paid or duly provided for,
semi-annually in arrears on the Interest Payment Dates specified above in each year, commencing with the Interest Payment Date next succeeding the Original Issue Date specified above, and
at the Stated Maturity, at the Interest Rate per annum specified above, until the principal hereof is paid or made available for payment. No interest shall accrue on the Stated Maturity, so long as
the principal amount of this Note is paid on the Stated Maturity. The interest so payable, and punctually
paid or duly provided for, on any Interest Payment Date shall, as provided in such Indenture, be paid to the Person in whose name this Note is registered at the close of business on the Regular Record
Date specified above (whether or not a Business Day) next preceding such Interest Payment Date. Notwithstanding the foregoing, (a) if the Original Issue Date of this Note is after a Regular
Record Date and before the corresponding Interest Payment Date, interest so payable for the period from and including the Original Issue Date to but excluding such Interest Payment Date shall be paid
on the next succeeding Interest Payment Date to the Holder hereof on the related Regular Record Date, and (b) Interest payable at the Stated Maturity shall be payable to the Person to whom
principal shall be payable. Except as otherwise provided in said Indenture, any such interest not so punctually paid or duly provided for shall forthwith cease to be payable to the Holder on such
Regular Record Date and shall be paid to the Person in whose name this Note is registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by
the Trustee, notice of which shall be given to Holders of Notes of this series not more than 15 days or less than 10 days prior to such Special Record Date. Interest on this Note shall
be computed on the basis of a 360-day year consisting of twelve 30-day months. 

        Principal,
applicable premium and interest due at the maturity of this Note shall be payable in immediately available funds when due upon presentation and surrender of this Note at the
Corporate Trust Office of the Trustee or at the authorized office of any paying agent in the Borough of Manhattan, the City and State of New York. Interest on this Note (other than interest payable at
the Stated Maturity) shall be paid by check, payable in clearinghouse funds, mailed to the Holder thereof 

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at
such Holder's address as it appears on the register; provided that if the Trustee receives a written request from any Holder of Notes, the aggregate principal amount of all of which having the same
Interest Payment Date as this Note equals or exceeds $10,000,000, on or prior to the applicable Regular Record Date, interest on the Note shall be paid by wire transfer of immediately available funds
to a bank within the continental United States designated by such Holder in its request or by direct deposit into the account of such Holder designated by such Holder in its request if such account is
maintained with the Trustee or any paying agent. 

        This
Note is one of a duly authorized issue of Notes of the Company (herein called the "Notes"), issued and issuable in one or more series under an Indenture, dated as of July 1,
1999 (such Indenture as originally executed and delivered and as supplemented or amended from time to time thereafter, together with any constituent instruments establishing the terms of particular
Notes, being herein called the "Indenture") between the Company and The Bank of New York, as successor trustee (herein called the "Trustee," which term includes any successor trustee under the
Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a description of the respective rights, limitations of rights, duties and immunities of the Company,
the Trustee and the Holders of the Notes thereunder and of the terms and conditions upon which the Notes are, and are to be, authenticated and delivered. The acceptance of this Note shall be deemed to
constitute the consent and agreement by the Holder hereof to all of the terms and provisions of the Indenture. This Note is one of the series designated on the first page hereof. 

        Until
the Release Date, the Notes will be secured by one or more series of Senior Note First Mortgage Bonds issued and delivered by the Company to the Trustee for the benefit of the
Holders of the Notes, issued under the Mortgage and Deed of Trust, dated November 1, 1944, from the Company to The Bank of New York, as successor trustee (the "Mortgage Trustee"), as
supplemented and modified (collectively, the "First Mortgage"). Reference is made to the First Mortgage and the Indenture for a description of the rights of the Trustee as holder of the Senior Note
First Mortgage Bonds, the property mortgaged and pledged, the nature and extent of the security and the rights of the holders of first mortgage bonds under the First Mortgage and the rights of the
Company and of the Mortgage Trustee in respect thereof, the duties and immunities of the Mortgage Trustee and the terms and conditions upon which the Senior Note First Mortgage Bonds are secured and
the circumstances under which additional first mortgage bonds may be issued. 

        From
and after the Release Date, the Senior Note First Mortgage Bonds shall cease to secure the Notes in any manner. In certain circumstances prior to the Release Date as provided in the
Indenture, the Company is permitted to reduce the aggregate principal amount of a series or tranche of Senior Note First Mortgage Bonds held by the Trustee, but in no event prior to the Release Date
to an amount less than the aggregate outstanding principal amount of the Notes in respect of which such Senior Note First Mortgage Bonds were delivered to the Trustee upon the initial authentication
of such Notes. 

        Each
Note of this series shall be dated and issued as of the date of its authentication by the Trustee and shall bear an Original Issue Date. Each Note issued upon transfer, exchange or
substitution of such Note shall bear the Original Issue Date of such transferred, exchanged or substituted Note. 

        If
any Interest Payment Date, or date on which the principal of this Note is required to be paid is not a Business Day, payment of the amounts due on this Note on such date may be made
on the next succeeding Business Day with the same force and effect as if made on such date, and, if such payment is made or duly provided for on such next succeeding Business Day, no interest shall
accrue on such amounts for the period from and after such date, to such Business Day. 

        If
an Event of Default shall occur and be continuing, the principal of the Notes may be declared due and payable in the manner and with the effect provided in the Indenture. 

3

 

        As
set forth in and subject to the provisions of the Indenture, no Holder of any Notes will have any right to institute any proceeding with respect to the Indenture or for any remedy
thereunder unless such Holder shall have previously given to the Trustee written notice of a continuing Event of Default with respect to such Notes, the Holders of a majority in principal amount of
the outstanding Notes affected by such Event of Default shall have made written request and offered reasonable indemnity to the Trustee to institute such proceeding as Trustee and the Trustee shall
have failed to institute such
proceeding within 60 days; provided, however, that such limitations do not apply to a suit instituted by the Holder hereof for the enforcement of payment of the principal of and any premium or
interest on this Note on or after the respective due dates expressed here. 

        The
Notes will be redeemable, as a whole or in part, at the Company's option, at any time or from time to time, on at least 30 days, but not more than 60 days, prior notice
mailed to the registered address of each holder of the Notes. The redemption prices will be equal to the greater of (1) 100% of the principal amount of the Notes to be redeemed or
(2) the sum of the present values of the Remaining Scheduled Payments (as defined below) discounted, on a semiannual basis (assuming a 360-day year consisting of twelve
30-day months), at a rate equal to the sum of the Treasury Rate (as defined below) and 20 basis points. In each case accrued interest will be payable to the redemption date. 

        "Treasury
Rate" means, with respect to any redemption date, the rate per annum equal to the semiannual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for
the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such redemption date. 

        "Comparable
Treasury Issue" means the United States Treasury security selected by an Independent Investment Banker as having a maturity comparable to the remaining term of the Notes that
would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of such
Notes. 

        "Independent
Investment Banker" means one of the Reference Treasury Dealers appointed by the Company. 

        "Comparable
Treasury Price" means, with respect to any redemption date, (1) the average of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a
percentage of its principal amount) on the third Business Day preceding such redemption date, as set forth in the daily statistical release (or any successor release) published by the Federal Reserve
Bank of New York and designated "Composite 3:30 p.m. Quotations for U.S. Government Securities" or (2) if such release (or any successor release) is not published or does not contain
such prices on such Business Day, (a) the average of the Reference Treasury Dealer Quotations for such redemption date, after excluding the highest and lowest such Reference Treasury Dealer
Quotations, or (b) if the Trustee obtains fewer than four such Reference Treasury Dealer Quotations, the average of all such quotations. 

        "Reference
Treasury Dealer Quotations" means, with respect to each Reference Treasury Dealer and any redemption date, the average, as determined by the Trustee, of the bid and asked
prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Trustee by such Reference Treasury Dealer at 5:00 p.m., New
York City time, on the third Business Day preceding such redemption date. 

        "Reference
Treasury Dealer" means each of J.P. Morgan Securities Inc. and Bank One Capital Markets, Inc. and their respective successors. If either of the foregoing shall
cease to be a primary U.S. Government securities dealer (a "Primary Treasury Dealer"), the Company shall substitute another nationally recognized investment banking firm that is a Primary Treasury
Dealer. 

4

 

        "Remaining
Scheduled Payments" means, with respect to each Note to be redeemed, the remaining scheduled payments of principal of and interest on such Note that would be due after the
related redemption date but for such redemption. If such redemption date is not an interest payment date with respect to such Note, the amount of the next succeeding scheduled interest payment on such
Note will be reduced by the amount of interest accrued on such Note to such redemption date. On and after the redemption date, interest will cease to accrue on the Notes or any portion of the Notes
called for redemption (unless the Company defaults in the payment of the redemption price and accrued interest). On or before the redemption date, the Company will deposit with a paying agent (or the
Trustee) money sufficient to pay the redemption price of and accrued interest on the Notes to be redeemed on such date. If less than all the Notes of any series are to be redeemed, the Notes to be
redeemed shall be selected by the Trustee by such method as the Trustee shall deem fair and appropriate. 

        If
less than all of this Note is to be redeemed the Trustee shall select, in such manner as it shall deem appropriate and fair, the particular portion of this Note to be redeemed. Notice
of redemption shall be given by mail not less than 30 nor more than 60 days prior to the date fixed for redemption to the Holder of this Note, all as provided in the Indenture. On and after the
date fixed for redemption (unless the Company shall default in the payment of this Note or a portion hereof to be redeemed at the applicable redemption price), interest on this Note or a portion
hereof so called for redemption shall cease to accrue. 

        The
Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modifications of the rights and obligations of the Company and the rights of the Holders
of Notes under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a majority in principal amount of the Outstanding Notes. Any such consent or waiver by the
Holder of this Note shall be conclusive and binding upon such Holder and upon all future Holders of this Note and of any Note issued upon the registration of transfer hereof or in exchange therefor in
lieu thereof whether or not notation of such consent or waiver is made upon the Note. 

        No
reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay
the principal of and premium, if any, and interest, if any, on this Note at the times, place and rate, in the coin or currency, and in the manner, prescribed herein or in the Indenture. 

        The
Company, at its option, and subject to the terms and conditions provided in the Indenture, will be discharged from any and all obligations in respect of the Notes (except for certain
obligations including obligations to register the transfer or exchange of Notes, replace stolen, lost or mutilated Notes, maintain paying agencies and hold monies for payment in trust, all as set
forth in the Indenture) if the Company irrevocably deposits with the Trustee cash, U.S. Government Obligations maturing as to principal and interest in such amounts and at such times as will insure
the availability of cash, or a combination of cash and U.S. Government Obligations, in any case sufficient, without reinvestment, to pay at maturity or the applicable redemption date all Outstanding
Notes, including the principal of and any premium and interest on the Notes on the dates such payments are due in accordance with the terms of the Notes. 

        As
provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Note is registrable in the Note register. Upon surrender of this Note for
registration or transfer at the corporate trust office of the Trustee or such other office or agency as may be designated by the Company in the Borough of Manhattan, the City and State of New York,
endorsed by or accompanied by a written instrument of transfer in form satisfactory to the Company and the Note registrar, duly executed by the Holder hereof or the attorney in fact of such Holder
duly authorized in writing, one or more new Notes of this series of like tenor and of authorized denominations and for the same aggregate principal amount will be issued to the designated transferee
or transferees. 

5

 

        The
Notes of this series are issuable only as registered Notes, without coupons, and in denominations of $1,000 and integral multiples thereof. As provided in the Indenture and subject
to certain limitations therein set forth, Notes of this series are exchangeable for a like aggregate principal amount of Notes of the same series and tranche, of any authorized denominations, as
requested by the Holder surrendering the same, and of like tenor upon surrender of the Note or Notes to be exchanged at the office of The Bank of New York in New York, New York or such other office or
agency as may be designated by the Company from time to time. 

        The
Trustee shall not be required to exchange or register the transfer of any Notes selected, called or being called for redemption (including Notes, if any, redeemable at the option of
the Holder provided such Notes are then redeemable at such Holder's option) except, in the case of any Note to be redeemed in part, the portion thereof not to be so redeemed. 

        No
service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge
that may be imposed in connection therewith. 

        Prior
to due presentment of this Note for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Note is
registered as the owner hereof for all purposes, whether or not this Note is overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary. 

        The
Indenture and the Notes shall be governed by and construed in accordance with the laws of the State of New York. 

        As
provided in the Indenture, no recourse for the payment of the principal of or any premium or interest on any Note, or for any claim based thereon or otherwise in respect thereof; and
no recourse under or upon any obligation, covenant or agreement of the Company, contained in the Indenture or in any supplemental indenture, or in any Note, or because of the creation of any
indebtedness represented thereby, shall be had against any incorporator, stockholder, officer or director, as such, past, present or future, of the Company or of any successor corporation, either
directly or through the Company or any successor corporation, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being
expressly understood that all such liability is hereby expressly waived and released as a condition of, and as a consideration for, the execution of the Indenture and the issuance of the Notes. 

        Unless
the certificate of authentication hereon has been executed by the Trustee or an Authenticating Agent by manual or facsimile signature of an authorized officer, this Note shall not
be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

        All
terms used in this Note which are defined in the Indenture shall have the meaning assigned to them in the Indenture. 

6

 

        IN
WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

	

Date: September    , 2003	
 	
METROPOLITAN EDISON COMPANY
	

 	
 	
By:	

 
	 	 	 	
 Name:  Richard H. Marsh

Title:    Senior Vice President and Chief Financial Officer

	

Attested:	
 	

 
	

By:	
 	

 	
 	

 
	 	 	
 Name:  David W. Whitehead

Title:    Corporate Secretary	 	 

 
 

CERTIFICATE OF AUTHENTICATION    
    

        This Note is one of the Notes of the series herein designated, described or provided for in the within-mentioned Indenture. 

	

Date: September    , 2003	
 	
THE BANK OF NEW YORK, as Trustee
	

 	
 	

By:	

 
	 	 	 	
 Authorized Signer

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EXHIBIT 4(f)

METROPOLITAN EDISON COMPANY 4.95% Exchange Senior Note due 2013

CERTIFICATE OF AUTHENTICATIONQuickLinks
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EXHIBIT 10.21.3    
    

2003 McDATA Acquisition Equity Incentive Plan

Adopted August 2003  

1.     Purposes.  

        (a)   The Plan. This 2003 McDATA Acquisition Equity Incentive Plan (the "Plan") is a limited purpose plan to allow for the
issuance of inducement grants of restricted and unrestricted Class B common stock to new employees in connection with a merger or acquisition of a company or business by McDATA. 

        (b)   General Purpose. The Company, by means of this Plan, seeks to retain the services of the group of persons eligible to
receive inducement grants and to provide incentives for such persons to exert maximum efforts for the success of the Company and its Affiliates. 

2.     Definitions.  

        (a)   "Affiliate" means any parent corporation or subsidiary corporation of the Company, whether now or
hereafter existing, as those terms are defined in Sections 424(e) and (f), respectively, of the Code. 

        (b)   "Board" means the Board of Directors of the Company. 

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

        (d)   "Committee" means a committee of one or more members of the Board appointed by the Board in
accordance with subsection 3(c). 

        (e)   "Common Stock" means the Class B common stock of the Company. 

        (f)    "Company" means McDATA Corporation, a Delaware corporation. 

        (g)   "Continuous Service" means that the Participant's service with the Company or an Affiliate is not
interrupted or terminated. The Participant's Continuous Service shall not be deemed to have terminated merely because of a change in the capacity in which the Participant renders service to the
Company or an Affiliate as an Employee or a change in the entity for which the Participant renders such service, provided that there is no interruption or termination of the Participant's Continuous
Service. The Board or the chief executive officer of the Company, in that party's sole discretion, may determine whether Continuous Service shall be considered interrupted, including, but not limited
to the case of any leave of absence approved by that party, including sick leave, military leave or any other personal leave. 

        (h)   "Covered Employee" means the chief executive officer and the four (4) other highest
compensated officers of the Company for whom total compensation is required to be reported to shareholders under the Exchange Act, as determined for purposes of Section 162(m) of the Code. 

        (i)    "Disability" means the permanent and total disability of a person within the meaning of
Section 22(e)(3) of the Code. 

        (j)    "Employee" means any person employed by the Company or an Affiliate 

        (k)   "Exchange Act" means the Securities Exchange Act of 1934, as amended. 

1

 

        (l)    "Fair Market Value" means, as of any date, the value of the Common Stock determined as follows: 

        (i)    If the Common Stock is listed on any established stock exchange or traded on the Nasdaq National Market or the Nasdaq
SmallCap Market, the Fair Market Value of a share of Common Stock shall be the closing sales price for such stock (or the closing bid, if no sales were reported) as quoted on such exchange or market
(or the exchange or market with the greatest volume of trading in the Common Stock) on the last market trading day prior to the day of determination, as reported in The Wall
Street Journal or such other source as the Board deems reliable; or 

        (ii)   The Fair Market Value shall be determined in good faith by the Board. 

        (m)  "Non-Employee Director" means a Director who either (i) is not a current
Employee or Officer of the Company or its parent or a subsidiary, does not receive compensation (directly or indirectly) from the Company or its parent or a subsidiary for services rendered as a
consultant or in any capacity other than as a Director (except for an amount as to which disclosure would not be required under Item 404(a) of Regulation S-K promulgated
pursuant to the Securities Act ("Regulation S-K")), does not possess an interest in any other transaction as to which disclosure would be required under Item 404(a) of
Regulation S-K and is not engaged in a business relationship as to which disclosure would be required under Item 404(b) of Regulation S-K; or
(ii) is otherwise considered a "non-employee director" for purposes of Rule 16b-3. 

        (n)   "Officer" means a person who is an officer of the Company within the meaning of Section 16
of the Exchange Act and the rules and regulations promulgated thereunder. 

        (o)   "Outside Director" means a Director who either (i) is not a current employee of the
Company or an "affiliated corporation" (within the meaning of Treasury Regulations promulgated under Section 162(m) of the Code), is not a former employee of the Company or an "affiliated
corporation" receiving compensation for prior services (other than benefits under a tax qualified pension plan), was not an officer of the Company or an "affiliated corporation" at any time and is not
currently receiving direct or indirect remuneration from the Company or an "affiliated corporation" for services in any capacity other than as a Director or (ii) is otherwise considered an
"outside director" for purposes of Section 162(m) of the Code. 

        (p)   "Participant" means a new Employee resulting from a merger or acquistion to whom a Stock Award is
granted pursuant to the Plan or, if applicable, such other person who holds an outstanding Stock Award. 

        (q)   "Plan" means this 2003 McDATA Acquisition Equity Incentive Plan. 

        (r)   "Rule 16b-3" means Rule 16b-3 promulgated under the
Exchange Act or any successor to Rule 16b-3, as in effect from time to time. 

        (s)   "Securities Act" means the Securities Act of 1933, as amended. 

        (t)    "Stock Award" means any right granted under the Plan, including a Common Stock bonus or a right
to acquire restricted Common Stock. 

        (u)   "Stock Award Agreement" means a written agreement between the Company and a holder of a Stock
Award evidencing the terms and conditions of an individual Stock Award grant, whether restricted or unrestricted. Each Stock Award Agreement shall be subject to the terms and conditions of the Plan. A
Stock Award Agreement that contain restrictions that lapse over time or other restrictions may be referred to as a Restricted Stock Award Agreement. 

2

 

3.     Administration.  

        (a)   Administration by Board. The Board shall administer the Plan unless and until the Board delegates administration to a
Committee, as provided in subsection 3(c). 

        (b)   Powers of Board. The Board or the Committee shall have the power, subject to, and within the limitations of, the express
provisions of the Plan: 

        (i)    To determine which of the persons eligible under the Plan shall be granted Stock Awards; when and how each Stock Award
shall be granted; what type or combination of types of Stock Award shall be granted; the provisions of each Stock Award granted (which need not be identical), including the time or times when a person
shall be permitted to receive Common Stock pursuant to a Stock Award; and the number of shares of Common Stock with respect to which a Stock Award shall be granted to each such person. 

        (ii)   To designate from time to time which Affiliates of the Company shall be eligible to participate in the Plan. 

        (iii) To construe and interpret the Plan and Stock Awards granted under it, and to establish, amend and revoke rules and
regulations for its administration. The Board or the Committee, in the exercise of this power, may correct any defect, omission or inconsistency in the Plan or in any Stock Award Agreement, in a
manner and to the extent it shall deem necessary or expedient to make the Plan fully effective. 

        (iv)  To amend the Plan or a Stock Award as provided in Section 11. 

        (v)   Generally, to exercise such powers and to perform such acts as the Board or the Committee deems necessary or expedient to
promote the best interests of the Company and its Affiliates that are not in conflict with the provisions of the Plan. 

        (c)   Delegation to Committee. In the discretion of the Board, a Committee may consist solely of two or more Outside Directors,
in accordance with Section 162(m) of the Code, and/or solely of two or more Non-Employee Directors, in accordance with Rule 16b-3. Within the scope of such
authority, the Board or the Committee may (1) delegate to a committee of one or more members of the Board who are not Outside Directors the authority to grant Stock Awards to eligible persons
who are either (a) not then Covered Employees and are not expected to be Covered Employees at the time of recognition of income resulting from such Stock Award or (b) not persons with
respect to whom the Company wishes to comply with Section 162(m) of the Code and/or) (2) delegate to a committee of one or more members of the Board who are not Non-Employee
Directors the authority to grant Stock Awards to eligible persons who are not then subject to Section 16 of the Exchange Act. As of the adoption date of this Plan, the Board has designated the
Board Compensation Committee as the Committee. 

4.     Shares Subject to the Plan.  

        (a)   Share Reserve. Subject to the provisions of Section 4(b) relating to reversion and Section 10 relating to
adjustments upon changes in Common Stock, the Common Stock that may be issued pursuant to Stock Awards shall not exceed in the aggregate 3,000,000  shares of Common Stock for the limited purpose of
awarding inducement grants to new Employees related to mergers and acquisitions by the Company.
 

        (b)   Reversion of Shares to the Share Reserve. If any Stock Award shall for any reason expire or otherwise terminate, in whole
or in part, without having vested in full or restriction that have fully lapsed, the shares of Common Stock not acquired under such Stock Award shall revert to and again become available for issuance
under the Plan. 

3

 

        (c)   Source of Shares. The shares of Common Stock subject to the Plan may be unissued shares or reacquired shares, bought on
the market or otherwise. 

5.     Eligibility.  

        (a)   Eligibility for Specific Stock Awards. Stock Awards may only be granted to new Employees resulting from a merger or
acquisition by the Company. 

        (b)   Limitation. Subject to the provisions of Section 10 relating to adjustments upon changes in the shares of Common
Stock, no Participant shall be eligible to be granted Stock Awards covering more than 300,000 shares of Common Stock during any calendar year unless otherwise approved by the Board or the Committee. 

6.     Provisions of Stock Awards  

        (a)   Stock Awards. Each Stock Award Agreement shall be in such form and shall contain such terms and conditions as the Board
or the Committee shall deem appropriate. The terms and conditions of Stock Award Agreements may change from time to time, and the terms and conditions of separate Stock Award Agreements need not be
identical, but each Stock Award Agreement shall include (through incorporation of provisions hereof by reference in the agreement or otherwise) the substance of each of the following provisions: 

        (i)    Consideration. A stock bonus or restricted stock may be awarded in consideration for past services actually rendered to
the Company or an Affiliate for its benefit, for retention purposes and to provide incentives to Participants. 

        (ii)   Vesting. Shares of Common Stock awarded under the Stock Award Agreement may, but need not, be subject to a share
repurchase option in favor of the Company in accordance with a vesting schedule to be determined by the Board or the Committee. 

        (iii) Termination of Participant's Continuous Service. In the event a Participant's Continuous Service or employment
terminates, the Company may reacquire any or all of the shares of Common Stock held by the Participant, which have not vested as of the date of termination under the terms of the Stock Award
Agreement. 

        (iv)  Transferability. Rights to acquire shares of Common Stock under the Stock Award Agreement shall be transferable by the
Participant only upon such terms and conditions as are set forth in the Stock Award Agreement, as the Board or the Committee shall determine in its discretion, so long as Common Stock awarded under
the Stock Award Agreement remains. 

7.     Covenants of the Company.  

        (a)   Availability of Shares. During the terms of the Stock Awards, the Company shall keep available at all times the number of
shares of Common Stock required to satisfy such Stock Awards. 

        (b)   Securities Law Compliance. The Company shall seek to obtain from each regulatory commission or agency having jurisdiction
over the Plan such authority as may be required to grant Stock Awards and sell shares of Common Stock upon vesting of the Stock Awards; provided, however, that this undertaking shall not require the
Company to register under the Securities Act the Plan, any Stock Award or any Common Stock issued or issuable pursuant to any such Stock Award. If, after reasonable efforts, the Company is unable to
obtain from any such regulatory commission or agency the authority which counsel for the Company deems necessary for the lawful issuance and sale of Common Stock under the Plan, the Company shall be
relieved from any liability for failure to issue and sell Common Stock upon vesting of such Stock Awards unless and until such authority is obtained. 

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8.     Use of Proceeds from Stock.  

        Proceeds from the sale of Common Stock pursuant to Stock Awards shall constitute general funds of the Company. 

9.     Miscellaneous.  

        (a)   Acceleration of Vesting. The Board shall have the power to accelerate the time at which a Stock Award may vest or the
time during which a Stock Award or any part thereof will vest or become unrestricted in accordance with the Plan, notwithstanding the provisions in the Stock Award stating the time during which it
will vest or become unrestricted. 

        (b)   Stockholder Rights. No Participant shall be deemed to be the holder of, or to have any of the rights of a holder with
respect to, any shares of Common Stock subject to such Stock Award unless and until such Participant has satisfied all requirements for vesting or for the lapse of restrictions of the Stock Award
pursuant to its terms. 

        (c)   No Employment or other Service Rights. Nothing in the Plan or any instrument executed or Stock Award granted pursuant
thereto shall confer upon any Participant any right to continue to serve the Company or an Affiliate in the capacity in effect at the time the Stock Award was granted or shall affect the right of the
Company or an Affiliate to terminate the employment of an Participant with or without notice and with or without cause and any applicable provisions of the corporate law of the state in which the
Company or the Affiliate is incorporated, as the case may be. 

        (d)   Investment Assurances. The Company may require a Participant, as a condition of vesting or acquiring Common Stock under
any Stock Award, (i) to give written assurances satisfactory to the Company as to the Participant's knowledge and experience in financial and business matters and/or to employ a purchaser
representative reasonably satisfactory to the Company who is knowledgeable and experienced in financial and business matters and that he or she is capable of evaluating, alone or together with the
purchaser representative, the merits and risks of vesting the Stock Award; and (ii) to give written assurances satisfactory to the Company stating that the Participant is acquiring Common Stock
subject to the Stock Award for the Participant's own account and not with any present intention of selling or otherwise distributing the Common Stock. The foregoing requirements, and any assurances
given pursuant to such requirements, shall be inoperative if (iii) the issuance of the shares of Common Stock upon the vesting or acquisition of Common Stock under the Stock Award has been
registered under a then currently effective registration statement under the Securities Act or (iv) as to any particular requirement, a determination is made by counsel for the Company that
such requirement need not be met in the circumstances under the then applicable securities laws. The Company may, upon advice of counsel to the Company, place legends on stock certificates issued
under the Plan as such counsel deems necessary or appropriate in order to comply with applicable securities laws, including, but not limited to, legends restricting the transfer of the Common Stock. 

        (e)   Withholding Obligations. To the extent provided by the terms of a Stock Award Agreement, the Participant may satisfy any
federal, state or local tax withholding obligation relating to the vesting or acquisition of Common Stock under a Stock Award by any of the following means (in addition to the Company's right to
withhold from any compensation paid to the Participant by the Company) or by a combination of such means: (i) tendering a cash payment; (ii) authorizing the Company to withhold shares of
Common Stock from the shares of Common Stock otherwise issuable to the participant as a result of the vesting or acquisition of Common Stock under the Stock Award in an amount not to exceed the
minimum amount of tax required to be withheld by law; or (iii) delivering to the Company owned and unencumbered shares of Common Stock. 

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10.   Adjustments upon Changes in Stock.  

        (a)   Capitalization Adjustments. If any change is made in the Common Stock subject to the Plan, or subject to any Stock Award,
without the receipt of consideration by the Company (through merger, consolidation, reorganization, recapitalization, reincorporation, stock dividend, dividend in property other than cash, stock
split, liquidating dividend, combination of shares, exchange of shares, change in corporate structure or other transaction not involving the receipt of consideration by the Company), the Plan will be
appropriately adjusted in the class(es) and maximum number of securities subject to the Plan pursuant to subsection 4(a) and the maximum number of securities subject to award to any
person pursuant to subsection 5(b), and the outstanding Stock Awards will be appropriately adjusted in the class(es) and number of securities and price per share of Common Stock subject to such
outstanding Stock Awards. The Board shall make such adjustments, and its determination shall be final, binding and conclusive. (The conversion of any convertible securities of the Company shall not be
treated as a transaction that does not involve the receipt of consideration by the Company.) 

        (b)   Change in Control. In the event of: (1) a dissolution, liquidation, or sale of all or substantially all of the
assets of the Company; (2) a merger or consolidation in which the Company is not the surviving corporation; or (3) a reverse merger in which the Company is the surviving corporation but
the shares of the Company's Common Stock outstanding immediately preceding the merger are converted by virtue of the merger into other property, whether in the form of securities, cash or otherwise,
then: (i) any surviving or acquiring corporation shall assume any Stock Awards outstanding under the Plan or shall substitute similar stock awards (including an award to acquire the same
consideration paid to the stockholders in the transaction described in this subsection 10(b) for those outstanding under the Plan), or (ii) in the event any surviving or acquiring
corporation refuses to assume such Stock Awards or to substitute similar stock awards for those outstanding under the Plan, with respect to stock awards held by persons whose Continuous Service has
not terminated, the vesting of such Stock Awards shall be accelerated prior to such event and any reacquisition or repurchase rights held by the Company with respect to such Stock Awards held by
Participants whose Continuous Service has not terminated shall (contingent upon the effectiveness of such event) lapse. With respect to any Stock Awards outstanding under the Plan that have not been
assumed or substituted and that are held by persons whose Continuous Service has terminated, the vesting of such Stock Awards shall not be accelerated, unless otherwise provided in a written agreement
between the Company and the holder of such Stock Award, and such Stock Award shall terminate upon the effectiveness of such event. 

11.   Amendment of the Plan and Stock Awards.  

        (a)   Amendment of Plan. The Board at any time, and from time to time, may amend the Plan. However, except as provided in
Section 10 relating to adjustments upon changes in Common Stock and except as to minor amendments to benefit the administration of the Plan, to take account of a change in legislation or
maintain favorable tax, exchange control or regulatory treatment for Participants or the Company and its Affiliates, no amendment shall be effective unless approved by the stockholders of the Company
to the extent stockholder approval is necessary to satisfy the requirements of Section 422 of the Code, Rule 16b-3 and any Nasdaq or securities exchange listing requirements. 

        (b)   Stockholder Approval. The Board may, in its sole discretion, submit any other amendment to the Plan for stockholder
approval, including, but not limited to, amendments to the Plan intended to satisfy the requirements of Section 162(m) of the Code and the regulations thereunder regarding the exclusion of
performance-based compensation from the limit on corporate deductibility of compensation paid to certain executive officers. 

        (c)   Contemplated Amendments. It is expressly contemplated that the Board may amend the Plan in any respect the Board deems
necessary or advisable to provide eligible Participants with the 

6

 

maximum
benefits provided or to be provided under the provisions of the Code and the regulations promulgated thereunder. 

        (d)   No Impairment of Rights. Rights and obligations under any Stock Award granted before amendment of the Plan shall not be
impaired by any amendment of the Plan, except with the consent of the person to whom such Stock Awards were granted, or except as necessary to comply with any laws or governmental regulations, or
except as necessary to ensure that the Plan and/or Stock Awards granted under the Plan comply with the requirements of Section 422 of the Code. 

12.   Termination or Suspension of the Plan.  

        (a)   Plan Term. The Board may suspend or terminate the Plan at any time. Unless sooner terminated, the Plan shall terminate on
the day before the tenth (10th) anniversary plus one month of the date the Plan is adopted by the Board, whichever is earlier. No Stock Awards may be granted under the Plan while the Plan is suspended
or after it is terminated. 

        (b)   No Impairment of Rights. Suspension or termination of the Plan shall not impair rights and obligations under any Stock
Award granted while the Plan is in effect except with the written consent of the Participant. 

13.   Effective Date of Plan.  

        The Plan shall become effective as determined by the Board, but no Stock Award shall be granted or vest unless and until the Plan has been approved by the Board. 

14.   Choice of Law. 

        The
law of the State of Delaware shall govern all questions concerning the construction, validity and interpretation of this Plan, without regard to such state's conflict of laws rules. 

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EXHIBIT 10.21.3

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