<SEC-DOCUMENT>0001144204-12-041516.txt : 20120727
<SEC-HEADER>0001144204-12-041516.hdr.sgml : 20120727
<ACCEPTANCE-DATETIME>20120727170755
ACCESSION NUMBER:		0001144204-12-041516
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20120724
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20120727
DATE AS OF CHANGE:		20120727

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ICAHN ENTERPRISES L.P.
		CENTRAL INDEX KEY:			0000813762
		STANDARD INDUSTRIAL CLASSIFICATION:	MOTOR VEHICLE PARTS & ACCESSORIES [3714]
		IRS NUMBER:				133398766
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09516
		FILM NUMBER:		12991305

	BUSINESS ADDRESS:	
		STREET 1:		767 FIFTH AVENUE
		STREET 2:		SUITE 4700
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10153
		BUSINESS PHONE:		212-702-4300

	MAIL ADDRESS:	
		STREET 1:		767 FIFTH AVENUE
		STREET 2:		SUITE 4700
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10153

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMERICAN REAL ESTATE PARTNERS L P
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
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<TYPE>8-K
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<FILENAME>v319675_8k.htm
<DESCRIPTION>FORM 8-K
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<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>WASHINGTON, D.C.&nbsp;&nbsp;20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PURSUANT TO SECTION 13 OR 15(d) OF THE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of earliest event reported):&nbsp;July
24, 2012</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 24pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Icahn Enterprises L.P.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;(Exact name of registrant as specified
in its charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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    <TD STYLE="width: 36%; font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Delaware</TD>
    <TD STYLE="width: 2%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 30%; font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">1-9516</TD>
    <TD STYLE="width: 2%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 30%; font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">13-3398766</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center">(State or Other Jurisdiction of Incorporation)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">(Commission File Number)</TD>
    <TD>&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(IRS Employer</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Identification No.)</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 70%; text-align: center; border-bottom: Black 1pt solid">767 Fifth Avenue, Suite 4700, New York, NY</TD>
    <TD STYLE="width: 2%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 28%; text-align: center; border-bottom: Black 1pt solid">10153</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">(Address of Principal Executive Offices)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">(Zip Code)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Registrant&rsquo;s Telephone Number, Including
Area Code: <B>(212) 702-4300</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;(Former Name or Former Address, if
Changed Since Last Report)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 10pt Wingdings">&uml;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Written communication pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 10pt Wingdings">&uml;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 10pt Wingdings">&uml;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">&nbsp;</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 10pt Wingdings">&uml;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">&nbsp;</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><FONT STYLE="text-transform: uppercase"><B>Item</B></FONT> <B>1.01</B></TD><TD><FONT STYLE="text-transform: uppercase"><B>Entry into a Material Definitive Agreement</B></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">As previously disclosed, on April 1, 2010,
Icahn Enterprises L.P. (&ldquo;<B>Icahn Enterprises</B>&rdquo;) and Icahn Capital LP (&lsquo;&lsquo;<B>Icahn Capital</B>&rsquo;&rsquo;),
a wholly owned indirect subsidiary of Icahn Enterprises, entered into a co-manager agreement with Brett Icahn, the son of Carl
C. Icahn. At that time Icahn Capital also entered into a co-manager agreement on the same terms with David Schechter (such co-manager
agreements, collectively the &lsquo;&lsquo;<B>Icahn</B> <B>Enterprises Co-Manager Agreements</B>&rsquo;&rsquo;). Under the Co-Manager
Agreements, each of Brett Icahn and David Schechter serves as a co-portfolio manager of the Sargon Portfolio, a designated portfolio
of assets within the various private investment funds comprising Icahn Enterprises&rsquo; Investment segment, including Icahn Partners
LP, Icahn Partners Master Fund LP, Icahn Partners Master Fund II LP and Icahn Partners Master Fund III LP (the &lsquo;&lsquo;<B>Funds</B>&rsquo;&rsquo;),
subject to the supervision and control of Icahn Capital and Carl Icahn. Icahn Capital owns the general partners of Icahn Partners
LP, Icahn Partners Master Fund LP, Icahn Partners Master Fund II LP and Icahn Partners Master Fund III LP.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Subject to the terms of the Co-Manager Agreements,
on March 31, 2013, each of Brett Icahn and David Schechter will be entitled to a one-time lump sum payment equal to 5.1% of the
profit (as defined in the Co- Manager Agreements) generated by the Sargon Portfolio over a hurdle rate of return, minus certain
costs (the &lsquo;&lsquo;<B>Final Payment</B>&rsquo;&rsquo;). Other than the Final Payment, neither Brett Icahn nor David Schechter
is entitled to receive from us any other compensation (including any salary or bonus) in respect of services provided pursuant
to the Co-Manager Agreements. For fiscal 2011, the amount due to each of Brett Icahn and David Schechter under the Co-Manager Agreements
increased by $5.2 million and the balance due to each of Brett Icahn and David Schechter would have been $10.2 million if such
individual had been 100% vested as of December 31, 2011.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Sargon Portfolio, which began with $300
million of capital on April 1, 2010, has grown to $587 million as of the close of business on June 29, 2012 and has generated gross
profits of $287 million and a gross cumulative return since inception of 95.63%.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On July 24 2012, (i) Icahn Enterprises and
Icahn Capital entered into amendments to each of the Co-Manager Agreements with each of Brett Icahn and David Schechter (the &ldquo;<B>Amended
Icahn Enterprises Co-Manager Agreements</B>&rdquo;), and (ii) High River Limited Partnership (&lsquo;&lsquo;<B>High River</B>&rsquo;&rsquo;),
an affiliate of Carl C. Icahn, entered into new co-manger agreements with each of Brett Icahn and David Schechter (such co-manager
agreements, collectively the &lsquo;&lsquo;<B>High River</B> <B>Co-Manager Agreements,</B>&rsquo;&rsquo; and together with the
Amended Icahn Enterprises Co-Manager Agreements, the &ldquo;<B>New Co-Manager Agreements</B>&rdquo;). The New Co- Manager Agreements
are effective as of August 1, 2012. Pursuant to the New Co-Manager Agreements, subject to the supervision and control of Icahn
Capital and Carl Icahn, the Funds and High River, would make available up to an aggregate of $3 billion (to be provided approximately
80% by the Funds and 20% by High River) for management within the Sargon Portfolio over a four-year term and each of Brett Icahn
and David Schechter would be entitled, subject to the terms of the New Co-Manager Agreements, to a one-time lump sum payment at
the end of such four year period, equal to 7.5% of the profit generated by the portfolio over a hurdle rate of return, minus certain
costs (payable by each of the Funds and High River based upon their respective profits).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The full text of each of the Amended Icahn
Enterprises Co-Manager Agreements is filed herewith as Exhibits 10.1 and 10.2 and is incorporated herein by reference. The foregoing
description of the Amended Icahn Enterprises Co-Manager Agreements does not purport to describe all of the terms of the Amended
Icahn Enterprises Co-Manager Agreements, and is qualified in its entirety by reference to the full text of each Amended Icahn Enterprises
Co-Manager Agreements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(d) Exhibits.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%; border-bottom: Black 1pt solid">Exhibit Number</TD>
    <TD STYLE="width: 2%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 83%; border-bottom: Black 1pt solid">Description</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>10.1</TD>
    <TD>&nbsp;</TD>
    <TD>Amended and Restated Co- Manager Agreement, dated July 24, 2012, among Icahn Enterprises L.P., Icahn Capital LP and Brett Icahn.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>10.2</TD>
    <TD>&nbsp;</TD>
    <TD>Amended and Restated Co- Manager Agreement, dated July 24, 2012, among Icahn Enterprises L.P., Icahn Capital LP and David Schechter.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-indent: -1.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-indent: -1.5in">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SIGNATURES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">ICAHN ENTERPRISES L.P.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(Registrant)</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 44%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD COLSPAN="2">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Icahn Enterprises G.P. Inc.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">its general partner</P></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Daniel Ninivaggi</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Daniel Ninivaggi</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">President, Chief Executive Officer and <BR>
Director</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Date:&nbsp;&nbsp;July 27, 2012</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



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<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>v319675_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt"><B><U>AMENDED
AND RESTATED CO-MANAGER AGREEMENT</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Amended and Restated Co-Manager Agreement
(the &ldquo;Agreement&rdquo;) made as of the 1<SUP>st</SUP> day of August 2012 (the &ldquo;Execution Date&rdquo;) by and between
Icahn Enterprises L.P. and Icahn Capital LP (collectively, the &ldquo;Employer&rdquo;), and Brett Icahn (the &ldquo;Employee&rdquo;,
and the Employee and David Schechter, each a &ldquo;Co-Manager&rdquo; and together the &ldquo;Co-Managers&rdquo;). Unless otherwise
defined herein a capitalized term used herein shall have the meaning attributed to it in Section 15 hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">RECITALS:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Employee and Icahn Capital LP, a subsidiary
of the Employer (&ldquo;Icahn Capital&rdquo;), entered into a Co-Manager Agreement on April 1, 2010 (the &ldquo;Prior Agreement&rdquo;).
This Agreement amends, restates, supersedes and replaces in its entirety, the Prior Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Icahn Capital operates Icahn Partners LP,
Icahn Partners Master Fund LP, Icahn Partners Master Fund II LP and Icahn Partners Master Fund III LP (all of the foregoing together,
the &ldquo;<U>Existing Funds</U>&rdquo;, which term will also include any and all other hedge funds or other entities that are
Affiliates of Employer that may, from time to time, hereafter be designated as an &ldquo;Existing Fund&rdquo; by written notice
from Employer to Employee).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In connection with the execution of the
Prior Agreement, the Existing Funds established a new portfolio within the Existing Funds. That portfolio, which is currently comprised
of the investment positions listed on <B><U>Schedule I</U></B> attached hereto (such positions, and all other Securities issued
by any issuer of such positions, whether now owned or hereafter acquired, the &ldquo;Existing Sargon Positions&rdquo;), is referred
to herein as the &ldquo;Old Sargon Portfolio.&rdquo; The activities of the Old Sargon Portfolio were conducted under the Prior
Agreement, and will continue to be conducted under this Agreement, through the Existing Funds, but such activities will be tracked
as a separate portfolio. From the date hereof through 11:59 p.m. on March 31, 2013, all purchases, sales, hedges and other transactions
in or relating to the Existing Sargon Positions will be conducted and tracked under this Agreement solely within the Old Sargon
Portfolio.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In connection with the execution of this
Agreement, the Existing Funds are establishing a second portfolio within the Existing Funds. That portfolio, which will be comprised
of new investment positions to be established on or after the date hereof (the &ldquo;New Sargon Positions&rdquo;), is referred
to herein as the &ldquo;New Sargon Portfolio.&rdquo; The activities of the New Sargon Portfolio will be conducted under this Agreement,
through the Existing Funds, but such activities will be tracked as a separate portfolio. The investment scope of the New Sargon
Portfolio under this Agreement (the &ldquo;New Scope of Activity&rdquo;) is to invest in Securities of publicly traded companies
domiciled in the United States or Canada with (i) a class of Securities listed on either NYSE or NASDAQ and (ii) a market capitalization
of greater than $750 million and less than $10 billion (each a &ldquo;Qualified Issuer&rdquo;). Prior to April 1, 2013, no transactions
with respect to the Existing Sargon Positions will be conducted within the New Sargon Portfolio.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Old Sargon Portfolio will continue
to be managed under this Agreement in accordance with the investment scope that governed the Old Sargon Portfolio under the Prior
Agreement: to invest in loans and securities of small capitalization publicly traded companies; being those with under $2 billion
in equity value (the &ldquo;Old Scope of Activity&rdquo;). The Old Scope of Activity has been incorporated into this Agreement
and will remain in effect with respect to the Old Sargon Portfolio until April 1, 2013, at which time the Existing Sargon Positions,
all proceeds thereof, and any other cash or other property in the Old Sargon Portfolio (excluding the co-investment by High River
in the Existing Sargon Positions) will be &ldquo;rolled into&rdquo; the New Sargon Portfolio. From and after April 1, 2013: (i)
the Old Sargon Portfolio will cease to exist as a separate portfolio; and (ii) all purchases, sales, hedges and other transactions
relating to the Existing Sargon Positions will be conducted and tracked under this Agreement solely within the New Sargon Portfolio
and will be subject to the terms applicable to the New Sargon Portfolio, provided that the Existing Sargon Positions (and any further
transactions in Securities of the issuers of the Existing Sargon Positions) will not be required to be within the New Scope of
Activity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The New Sargon Portfolio and the Old Sargon
Portfolio are sometimes referred to herein collectively as &ldquo;Sargon.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On the date hereof, Employee and High River
Limited Partnership (&ldquo;High River&rdquo;) are also entering into a Co-Manager Agreement substantially similar to this Agreement
(the &ldquo;High River Agreement&rdquo;). Prior to April 1, 2013, no transactions with respect to the Existing Sargon Positions
will be covered by the High River Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">NOW THEREFORE, in consideration of the
premises and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto,
desiring to be legally bound, hereby agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Termination
of Prior Relationships</U></B>. Employee acknowledges and agrees that except for: (i) his right under any indemnity agreement or
indemnity obligation now existing; and (ii) the rights of Employee expressly set forth in this Agreement and the High River Agreement,
Employee has no other contracts, agreements, rights, partnership or membership interests, profit rights or participations, or claims,
against or relating to, any of the Employer or the Existing Funds of any kind or character, direct or indirect and any and all
such contracts, agreements, rights, partnership or membership interests, profit rights or participations, and claims, if any, are
hereby terminated, waived and released in all respect and are and shall be null and void and have no force or effect. <B>In particular,
Employee is not entitled to any past or future base salary or bonus, and is not entitled to receive any salary or bonus in respect
of the services he is to provide hereunder or any other payment or compensation, other than as expressly set forth in: (a) Section
4(i) of this Agreement (including <U>Schedule III</U> attached hereto); and (b) Section 5 of each of this Agreement and the High
River Agreement.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Employment/Title/Benefits</U>.</B>
Subject to the terms of this Agreement, Employer (together with High River, as set forth in the High River Agreement) hereby employs
Employee to perform the duties described in Section 3(b) below, and Employee hereby accepts such employment. Employee&rsquo;s title
shall be &ldquo;Portfolio Manager&rdquo; of Sargon. Until such time as Employee is no longer employed by Employer hereunder, so
long as Employer makes such benefits available to its senior executives, Employee shall be entitled to the following (it being
understood and agreed that the following items are stated in the aggregate and are to be provided jointly by the Employer and High
River): (i) vacation annually in accordance with the policies of the Employer; (ii) Employee (together with his spouse and eligible
children) shall be entitled to participate in the health insurance (medical, vision and dental) in which he is currently participating;
and (iii) Employee shall be entitled to participate in the Employer&rsquo;s group term life insurance plan (basic life with a maximum
benefit of $100,000) (but Employee will not participate in disability coverage) ((i), (ii) and (iii), collectively, the &ldquo;Benefit
Program&rdquo;). Employer will pay that portion of the cost of coverage under the Benefit Program that would typically be paid
by Employee (the aggregate amount of all such payments, the &ldquo;Total Benefit Payments&rdquo;). The Total Benefit Payments will
be satisfied by the Employer and High River will reimburse the Employer for 20% of the cost of the Total Benefit Payments. All
such payments by Employer shall be treated as includable in Employee&rsquo;s gross income.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Term
and Duties</U></B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Term</U>. The term of employment will begin on the
Execution Date and will end at 11:59 P.M. on July 31, 2016 unless such employment ceases earlier for any reason (see Section 8)
(whether (i) terminated for Cause; (ii) terminated without Cause; (iii) due to death or disability; (iv) due to termination of
Sargon; (v) terminated under Section 8(i) within 30 days following a Key Man Event; or (vi) by action of Employee such as resignation
or retirement). For all purposes under this Agreement &ldquo;Term&rdquo; shall mean the period beginning on the Execution Date
and continuing through the last day of Employee&rsquo;s employment hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Duties</U>. Employee shall continue to provide to the
Icahn Group the services he has provided in the past including but not limited to: (i) providing, performing and reviewing equity,
debt, credit, transaction and investment analysis and research; and (ii) otherwise providing his expertise in connection with investment,
business and financing and investor relations activities. In addition, Employee will act as Co-Manager of Sargon, subject to and
in accordance with the terms and provisions of this Agreement. In that capacity Employee will act and be responsible as a fiduciary
to and on behalf of, Employer and the Existing Funds.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Certain Positions</U>. So long as Employee remains
employed by any member of the Icahn Group and at all times thereafter, Employee agrees that he will: (a) not resign as a director
of any public corporation on whose board he is currently serving or on which, during his employment hereunder he begins to serve
at the request of the Employer or at the request of any person or entity included in the Icahn Group, and that he will continue
to accept ongoing appointments and election to such boards for a period of 2 years following the last day of his employment by
any person or entity included in the Icahn Group; and (b) resign from any such positions within five (5) business days following
the request of Employer that he do so.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Sargon</U>.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Sargon Operations</U>. With respect to the New Sargon
Portfolio, Sargon may, pursuant to this Agreement, (i) purchase or sell only Securities issued by Qualified Issuers and (ii) not
purchase (measured by aggregate purchase basis &ndash; i.e., disregarding any appreciation or depreciation) more than $240 million
of Securities of any single Qualified Issuer (for purposes of this calculation, derivatives such as options will be measured by
&ldquo;notional exposure&rdquo; as opposed to premium paid). With respect to the Old Sargon Portfolio, prior to April 1, 2013 (i.e.,
the date that the Old Sargon Portfolio (excluding the co-investment by High River in the Existing Sargon Positions) will be &ldquo;rolled
into&rdquo; the New Sargon Portfolio, at which time the Old Sargon Portfolio will cease to exist and the Existing Sargon Positions
will be managed within the New Sargon Portfolio pursuant to the foregoing sentence), Sargon may, pursuant to this Agreement, (i)
conduct transactions only with respect to the Existing Sargon Positions and (ii) not conduct any transactions with respect to the
Existing Sargon Positions unless such transactions comply with the investment parameters set forth on <B><U>Schedule II</U></B>
attached hereto (it being understood and agreed that such investment parameters are identical to Sections 4(b) and 4(c) of the
Prior Agreement) (the &ldquo;Existing Parameters&rdquo;). Sargon may not at any time during the Term have positions in more than
fifteen (15) different companies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Investments that satisfy
all of the requirements set forth in the foregoing paragraph are referred to herein as &ldquo;Permitted Investments.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The parties understand,
acknowledge and agree that (i) except as set forth on <B><U>Schedule I</U></B> attached hereto, the First Profit Sharing Payment
(as defined in Section 4(i) below) shall not take into account any co-investment by High River in Existing Sargon Positions prior
to April 1, 2013 and (ii) the Second Profit Sharing Payment shall take into account any appreciation or depreciation in the market
value of the Existing Sargon Positions (excluding the co-investment by High River in the Existing Sargon Positions) only between
April 1, 2013 and the Final Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Unless the Employer
and each of the Co-Managers shall have consented in writing, except as set forth in the following paragraph and in Section 4(b)
[<U>Decision Making</U>] below: (a) Sargon shall not purchase or sell any Securities of an issuer the Securities of which are held
from time to time by the Employer or its Affiliates outside of Sargon (it being understood and agreed that a denial by the Employer
of any request by one or both of the Co-Managers to have Sargon purchase or sell Securities of an issuer the Securities of which
are held by the Employer or its Affiliates outside of Sargon shall not count as, or be deemed to be, an Employer New Investment
Rejection, an Employer Existing Investment Rejection, an Employer Sale Rejection or an Employer Hedge Rejection, or otherwise constitute,
contribute to, or be counted toward the determination of, a Terminating Event for purposes of this Agreement); and (b) neither
the Employer nor its Affiliates shall purchase or sell outside of Sargon any Securities of an issuer the Securities of which are
held from time to time in Sargon. For the avoidance of doubt, the Employer and its Affiliates shall not be restricted in any manner
with respect to their hedging activities (i.e., any hedging transactions, whether or not they meet the definition of a &ldquo;Permitted
Hedge&rdquo; and whether or not they are also being conducted within Sargon, may be conducted by the Employer and its Affiliates
outside of Sargon).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Notwithstanding the
foregoing or any other provisions of this Agreement (including those in Section 4(b) [<U>Decision Making</U>] below):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in"><FONT STYLE="color: black">(1)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Employer and its Affiliates shall be permitted
to conduct transactions outside of Sargon with respect to any issuer the Securities of which are held in Sargon if, but only if:
(i) on the date (x) the Employer approved the proposal by the Co-Managers for Sargon to begin purchasing Securities of such issuer
or (y) the Co-Managers approved the proposal by the Employer for Sargon to begin purchasing Securities of such issuer (in either
case, the &ldquo;Approval Date&rdquo;), the issuer had a market capitalization of greater than $3.5 billion; and (ii) within 90
days following the Approval Date, Sargon has not acquired at least 5% of the outstanding shares of common stock of such issuer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in"><FONT STYLE="color: black">(2)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The phrase &ldquo;Securities of an issuer the Securities
of which are held from time to time by the Employer or its Affiliates outside of Sargon&rdquo; in clause (a) of the foregoing paragraph
shall be deemed to include Securities issued by any issuer (i) listed from time to time on the &ldquo;watchlist&rdquo; maintained
by the Chief Compliance Officer of the Employer (whether or not the Employer or its Affiliates own any position in such issuer)
or (ii) which operates in an industry in which the Employer or its Affiliates from time to time beneficially own more than 50%
of the voting stock (or have nominated more than 50% of the members of the board of directors), directly or indirectly, of an issuer
engaged, directly or indirectly, in an active operating business (as of the date hereof, such industries would include automotive
parts and services, casinos and gaming, fertilizer production, food packaging, home textiles and fashion, metal scrap processing,
petroleum refining and marketing, railcar manufacturing and servicing, telecommunications services, etc.) (i.e., Sargon may not
purchase or sell any Securities of any such issuer and a denial by the Employer of any request by one or both of the Co-Managers
to have Sargon purchase or sell any Securities of any such issuer shall not count as, or be deemed to be, an Employer New Investment
Rejection, an Employer Existing Investment Rejection, an Employer Sale Rejection or an Employer Hedge Rejection, or otherwise constitute,
contribute to, or be counted toward the determination of, a Terminating Event for purposes of this Agreement).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Decision Making</U>. Sargon will be operated by the
Co-Managers. All activities of Sargon will require the approval of <U>both</U> Co-Managers. All investment decisions of Sargon
will require joint written approval of both Co-Managers, given in email format to the Chief Compliance Officer of the Existing
Funds. As with all investments by the Existing Funds, the investment strategy of Sargon will be set and led by the Employer, and
each of David Schechter and Brett Icahn will continue to report to the Employer with respect to Sargon. The Employer will maintain
oversight of, and have the power and authority to direct and control the activities of, Sargon. In particular, prior to making
any purchase or sale of Securities, or taking any other action, that would result in or require any 13D filing or Hart Scott filing,
or any other filing that would disclose a position publicly, the Co-Managers are required to review that particular purchase or
sale or other event with the Employer and must obtain the Employer&rsquo;s approval (which approval shall not be unreasonably withheld
by the Employer) before making any such purchase or sale or taking any such action (it being understood and agreed that the <U>content</U>
of any 13D filing, Hart Scott filing, other regulatory filing or any other public statement regarding any position held in Sargon
&ndash; including any press release, letter or other document that may be issued or required to be filed as an exhibit to any filing
&ndash; shall be acceptable to the Employer in its sole and absolute discretion).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Without limiting the
general provisions set forth in the preceding paragraph, the parties agree that the following more specific procedures shall govern
the decision making process during the Term.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">At any time and from
time to time during the Term, (a) the Co-Managers may propose to the Employer investments or hedges or sales of Securities that
the Co-Managers desire Sargon to pursue (for the avoidance of doubt, each such proposal must be made jointly by both Co-Managers)
and (b) the Employer may propose to the Co-Managers investments or hedges or sales of Securities that the Employer desires Sargon
to pursue.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Proposals by the Employer to the Co-Managers
</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="color: black">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With respect to any purchase proposed by the Employer
to the Co-Managers of Securities issued by an issuer with respect to which Sargon does not at that time have any position (i.e.,
a &ldquo;new name&rdquo;) (it being understood and agreed that Employer has no obligation to make any such proposals and may pursue
any such transactions outside of Sargon in its sole and absolute discretion):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in"><FONT STYLE="color: black">(1)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If, prior to the time that the Employer or its
Affiliates have purchased or sold any Securities of such issuer, (x) the Co-Managers have elected that Sargon shall purchase Securities
of such issuer and (y) Sargon has actually purchased or sold Securities of such issuer, then any purchase or sale of such issuer&rsquo;s
Securities shall be conducted by Sargon (and may not be conducted by the Employer or its Affiliates outside of Sargon) and shall
be deemed to be a &ldquo;Permitted Investment&rdquo; (whether or not such purchase or sale or issuer meets any or all of the requirements
of such definition), and shall otherwise be subject to all of the other terms of this Agreement (including, without limitation,
Section 5 &ndash; i.e., each purchase and sale of such issuer&rsquo;s Securities will be taken into account in calculating the
Second Profit Sharing Payment).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in"><FONT STYLE="color: black">(2)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If, prior to the time that (x) the Co-Managers
have elected that Sargon shall purchase Securities of such issuer and (y) Sargon has actually purchased or sold Securities of such
issuer, the Employer or its Affiliates have purchased or sold any Securities of such issuer, then any purchase or sale of such
issuer&rsquo;s Securities may continue to be conducted by the Employer or its Affiliates outside of Sargon at any time and from
time to time and, for the remainder of the Term, such issuer&rsquo;s Securities shall no longer be a permissible investment for
Sargon under this Agreement (for the avoidance of doubt, the Employer shall not cause Sargon to purchase or sell any of such issuer&rsquo;s
Securities within Sargon without the prior written consent of the Co-Managers).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="color: black">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With respect to any transaction, other than a transaction
contemplated in Section 4(b)(i) above, proposed by the Employer to the Co-Managers for execution within the New Sargon Portfolio
(including (a) any purchase of Securities of an issuer with respect to which the New Sargon Portfolio does at that time have a
position (i.e., an &ldquo;existing name&rdquo;), (b) any hedge (which shall include the covering of any short position), and (c)
any sale of Securities held in the New Sargon Portfolio):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in"><FONT STYLE="color: black">(1)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Co-Managers elect that the New Sargon Portfolio
shall pursue such transaction, then such transaction shall be conducted by the New Sargon Portfolio and shall be deemed to be a
&ldquo;Permitted Investment&rdquo; or a &ldquo;Permitted Hedge,&rdquo; as applicable (whether or not such transaction meets any
or all of the requirements of such definitions), and shall otherwise be subject to all of the other terms of this Agreement (including,
without limitation, Section 5 &ndash; i.e., such transactions will be taken into account in calculating the Second Profit Sharing
Payment).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in"><FONT STYLE="color: black">(2)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Co-Managers elect that the New Sargon Portfolio
shall not pursue such transaction then the Employer agrees that (a) it shall not cause the New Sargon Portfolio to execute such
transaction and (b) the Employer and its Affiliates may not (in the case of a proposed transaction in an existing name in the New
Sargon Portfolio) execute any transaction with respect to such issuer&rsquo;s Securities outside of Sargon. The Employer understands,
acknowledges and agrees that its only recourse in the event that the Co-Managers elect that the New Sargon Portfolio not pursue
any such transaction proposed by the Employer would be to terminate this Agreement (in which case the Employer would be free to
engage, or to cause Sargon to engage, in any transaction).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Proposals by the Co-Managers to the
Employer </U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="color: black">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>With
respect to any purchase proposed by the Co-Managers to the Employer of Securities of an issuer with respect to which Sargon does
not at that time have any position (i.e., a &ldquo;new name&rdquo;):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in"><FONT STYLE="color: black">(1)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Employer elects, within one (1) business
day following receipt of such proposal, that Sargon shall purchase Securities of such issuer, then any transaction with respect
to such issuer&rsquo;s Securities shall be conducted by Sargon and shall be deemed to be a &ldquo;Permitted Investment&rdquo; (whether
or not such transaction or issuer meets any or all of the requirements of such definition), and shall otherwise be subject to all
of the other terms of this Agreement (including, without limitation, Section 5 &ndash; i.e., each transaction with respect to such
issuer&rsquo;s Securities will be taken into account in calculating the Second Profit Sharing Payment); provided, however, that
if Sargon does not purchase or sell Securities of such issuer within one (1) business day following such election, then such issuer
shall be deemed to have been abandoned by the Co-Managers (a &ldquo;New Name Abandonment&rdquo;) and any transaction with respect
to such issuer&rsquo;s Securities may be pursued by the Employer or its Affiliates outside of Sargon pursuant to the terms of the
immediately following clause (2).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in"><FONT STYLE="color: black">(2)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Employer elects, within one (1) business
day following receipt of such proposal, that Sargon shall not purchase such Securities, or if the Employer does not make any election
within such 1-business day period (in either case, an &ldquo;Employer New Investment Rejection&rdquo; &ndash; it being understood
and agreed that the rejection by the Employer of, or the failure of the Employer to make an election with respect to, any proposed
purchase of Securities that was not a Permitted Investment shall not be deemed to be an Employer New Investment Rejection), then
(a) Sargon shall not purchase any Securities of such issuer and (b) if, but only if, the proposed investment was a Permitted Investment,
the Employer and its Affiliates may not purchase any Securities of such issuer outside of Sargon at any time during the Term, unless
(x) the Employer has first proposed to the Co-Managers that a purchase of Securities of such issuer be executed within Sargon and
(y) the Co-Managers have not, within one (1) business day following receipt of such proposal, elected that Sargon shall purchase
Securities of such issuer (i.e., it is the express understanding of the parties that the Employer shall be permitted to reject,
or purposefully fail to make an election with respect to, any proposed investment that is not a Permitted Investment and then pursue
such investment outside of Sargon). If a New Name Abandonment shall have occurred pursuant to clause (1) above, then any purchase
or sale of Securities of such issuer and its affiliates may be conducted by the Employer or its Affiliates outside of Sargon at
any time and from time to time; provided, however, that at any time prior to the first purchase of such issuer&rsquo;s Securities
by the Employer or its Affiliates, the Co-Managers may again propose, in accordance with the procedures set forth in this Section
4(b)(iii), that a purchase of such issuer&rsquo;s Securities be conducted within Sargon.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="color: black">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>With
respect to any purchase (which shall include for the purposes of this subsection the exercise of any options then held by Sargon)
proposed by the Co-Managers to the Employer of Securities of an issuer with respect to which Sargon does at that time have a position
(i.e., an &ldquo;existing name&rdquo;):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in"><FONT STYLE="color: black">(1)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Employer elects, within one (1) business
day following receipt of such proposal, that Sargon shall purchase such Securities, then such purchase shall be conducted by Sargon
and shall be deemed to be a &ldquo;Permitted Investment&rdquo; (whether or not such purchase or issuer meets any or all of the
requirements of such definition), and shall otherwise be subject to all of the other terms of this Agreement (including, without
limitation, Section 5 &ndash; i.e., such purchase will be taken into account in calculating the Second Profit Sharing Payment);
provided, however, that if Sargon does not purchase such Securities within one (1) business day following<SUP>1</SUP> such election,
then such purchase shall be deemed to have been abandoned by the Co-Managers (an &ldquo;Existing Name Abandonment&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in"><FONT STYLE="color: black">(2)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Employer elects, within one (1) business
day following receipt of such proposal, that Sargon shall not purchase such Securities, or if the Employer does not make any election
within such 1-business day period (in either case, an &ldquo;Employer Existing Investment Rejection&rdquo; &ndash; it being understood
and agreed that the rejection by the Employer of, or the failure of the Employer to make an election with respect to, any proposed
purchase of Securities that was not a Permitted Investment shall not be deemed to be an Employer Existing Investment Rejection),
or if an Existing Name Abandonment shall have occurred pursuant to clause (1) above, then (a) Sargon shall not purchase such Securities
and (b) the Employer and its Affiliates may not purchase or sell any Securities of such issuer outside of Sargon.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="color: black">(v)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With respect to any hedge (which shall include
the covering of any short position) proposed by the Co-Managers to the Employer:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><SUP>&nbsp;</SUP></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 0; margin-bottom: 0"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 25%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><SUP>1</SUP> For purposes of this Agreement,
&ldquo;one (1) business day following&rdquo; means by 10:00 a.m. EST on the second (2<SUP>nd</SUP>) business day following the
day on which a notice is given (e.g., if a notice is given on a Monday (whether or not such Monday is a business day), then an
election could be made until 10:00 a.m. EST on Wednesday, and if such Wednesday was not a business day, then such election could
be made until 10:00 a.m. EST on Thursday).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in"><FONT STYLE="color: black">(1)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Employer elects, within one (1) business
day following receipt of such proposal, that Sargon shall pursue such hedge, then such hedge shall be conducted by Sargon and shall
be deemed to be a &ldquo;Permitted Hedge&rdquo; (whether or not such hedge meets any or all of the requirements of such definition),
and shall otherwise be subject to all of the other terms of this Agreement (including, without limitation, Section 5 &ndash; i.e.,
such hedge will be taken into account in calculating the Second Profit Sharing Payment); provided, however, that if Sargon does
not begin execution of such hedge within one (1) business day following such election, then such hedge shall be deemed to have
been abandoned by the Co-Managers (a &ldquo;Hedge Abandonment&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in"><FONT STYLE="color: black">(2)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Employer elects, within one (1) business
day following receipt of such proposal, that Sargon shall not pursue such hedge, or if the Employer does not make any election
within such 1-business day period (in either case, an &ldquo;Employer Hedge Rejection&rdquo; &ndash; it being understood and agreed
that the rejection by the Employer of, or the failure of the Employer to make an election with respect to, any proposed hedge that
was not a Permitted Hedge shall not be deemed to be an Employer Hedge Rejection), or if a Hedge Abandonment shall have occurred
pursuant to clause (1) above, then (a) Sargon shall not execute such hedge and (b) the Employer agrees that it shall not cause
Sargon to execute such hedge.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="color: black">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>With
respect to any sale proposed by the Co-Managers to the Employer of Securities held in Sargon:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in"><FONT STYLE="color: black">(1)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Employer elects, within one (1) business
day following receipt of such proposal, that Sargon shall pursue such sale of Securities, then such sale of Securities shall be
conducted by Sargon and shall be subject to all of the terms of this Agreement (including, without limitation, Section 5 &ndash;
i.e., such sale of Securities will be taken into account in calculating the Second Profit Sharing Payment); provided, however,
that if Sargon does not begin execution of such sale of Securities within one (1) business day following such election, then such
sale of Securities shall be deemed to have been abandoned by the Co-Managers (a &ldquo;Sale Abandonment&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in"><FONT STYLE="color: black">(2)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Employer elects, within one (1) business
day following receipt of such proposal, that Sargon shall not pursue such sale of Securities (an &ldquo;Employer Sale Rejection&rdquo;),
or if a Sale Abandonment shall have occurred pursuant to clause (1) above, then (a) Sargon shall not execute such sale of Securities
and (b) the Employer agrees that it shall not cause Sargon to execute such sale of Securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Consequences of Employer Rejections
</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="color: black">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>While
the Employer may exercise any number of (a) Employer New Investment Rejections, Employer Existing Investment Rejections and/or
Employer Sale Rejections, without limit, the fourth (4<SUP>th</SUP>) occurrence of any combination of the foregoing with respect
to the New Sargon Portfolio (such fourth occurrence, an &ldquo;Investment Default&rdquo;), unless waived by the Employee, will
constitute a Terminating Event for purposes of this Agreement, and (b) Employer Hedge Rejections, without limit, the fourth (4<SUP>th</SUP>)
occurrence of an Employer Hedge Rejection with respect to the New Sargon Portfolio (such fourth occurrence, a &ldquo;Hedge Default&rdquo;),
unless waived by the Employee, will constitute a Terminating Event for purposes of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Notwithstanding the
foregoing:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in"><FONT STYLE="color: black">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>If
on any date during the Term (the &ldquo;Trigger Date&rdquo;) there is (x) $400 million or less of Invested Capital (as defined
below) and Losses (as defined below) since the Measuring Date (as defined below) exceed $80 million or (y) more than $400 million
of Invested Capital and Losses since the Measuring Date (as defined below) exceed 20% of the amount of Invested Capital, then beginning
on the Trigger Date and ending one year after the Break-Even Date (as defined below): (a) no rejection by the Employer of any investment,
sale, hedge or other transaction proposed by the Co-Managers with respect to Sargon shall count as, or be deemed to be, an Employer
New Investment Rejection, an Employer Existing Investment Rejection, an Employer Sale Rejection or an Employer Hedge Rejection,
or otherwise constitute, contribute to, or be counted toward the determination of, a Terminating Event for purposes of this Agreement;
and (b) the Employer may cause Sargon to sell some or all of any Sargon positions and/or to make additional purchases of any existing
Sargon positions and/or to increase or decrease any existing hedges (it being understood and agreed that the Employer may not cause
Sargon to purchase any new names or establish any new hedges during such period). For the avoidance of doubt, there may be multiple
Trigger Dates, Measuring Dates and Break-Even Dates during the Term.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The term &ldquo;Invested Capital&rdquo;
shall mean, on any date during the Term, the amount of Original Capital (as defined in Section 4(d) below) on a notional basis
(i.e., total exposure) that has been invested in long positions by Sargon from the Inception Date through and including such date.
The amount of Invested Capital shall not take into account: (i) any appreciation or depreciation in Sargon investments; (ii) any
cash or other proceeds realized from selling Sargon investments &ndash; i.e., Invested Capital shall be deemed to be permanently
outstanding; or (iii) the market value of the Existing Sargon Positions (or the co-investment by High River in the Existing Sargon
Positions); provided, however, that on April 1, 2013, the market value of the Existing Sargon Positions that are &ldquo;rolled
into&rdquo; the New Sargon Portfolio on such date (excluding the co-investment by High River in the Existing Sargon Positions)
shall be added to the amount of Invested Capital. With respect to each purchase of a long position by Sargon, all cash proceeds
previously received from the sale of Sargon long positions shall be deemed &ldquo;used&rdquo; to fund such purchase before any
amount of Original Capital shall be classified as &ldquo;Invested Capital.&rdquo; For example, assuming that (i) Sargon purchases
a $100 million long position on the Inception Date, (ii) Sargon thereafter sells a portion of that position and receives $50 million
of cash proceeds, (iii) Sargon thereafter establishes a $25 million short position, and (iv) Sargon thereafter posts $10 million
in cash to establish a $100 million long derivative position (the amount deemed &ldquo;invested&rdquo; being $100 million in such
case), the amount of &ldquo;Invested Capital&rdquo; would be $150 million (i.e., (a) the notional value of the short position and
the proceeds collected would be ignored, (b) the $50 million of sale proceeds would be deemed to have been used first to fund a
portion of the $100 derivative purchase and (c) the remaining $50 million would be deemed to have come from Original Capital).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The term &ldquo;Losses&rdquo; shall mean,
on any date during the Term, the aggregate amount of net realized and unrealized losses (which shall be marked to market on a daily
basis) of the Existing Funds with respect to the New Sargon Portfolio from the Measuring Date through and including such date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The term &ldquo;Break-Even Date&rdquo;
shall mean the date on which the Existing Funds shall have recovered all Losses, without taking into account the Hurdle set forth
in Section 5 (i.e., the first date following a Trigger Date on which the amount of Losses shall be zero).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The term &ldquo;Measuring Date&rdquo; shall
initially mean the Inception Date. However, if a Trigger Date occurs, then the Measuring Date shall be the Break-Even Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in"><FONT STYLE="color: black">(2)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Employer waives the restriction in Section
4(a) above stating that Sargon may not purchase more than $240 million of Securities of any single Qualified Issuer, then, from
and after the time that more than $240 million is so purchased, the Employer may reject any investment proposed by the Co-Managers
relating to that Qualified Issuer and none of such rejections shall count as, or be deemed to be, an Employer New Investment Rejection
or an Employer Existing Investment Rejection, or otherwise constitute, contribute to, or be counted toward the determination of,
a Terminating Event for purposes of this Agreement (it being understood and agreed that rejections by the Employer of sales of
Securities or Permitted Hedges proposed by the Co-Managers with respect to such Qualified Issuer could give rise to Employer Sale
Rejections or Employer Hedge Rejections).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in"><FONT STYLE="color: black">(3)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding any provisions to the contrary
contained herein, the Employer and the Employee agree that, with respect to any particular issuer, if at any time there occurs
an Employer New Investment Rejection, an Employer Existing Investment Rejection, an Employer Sale Rejection or an Employer Hedge
Rejection with respect to such issuer, then following such time no rejection by the Employer of any proposal by the Co-Managers
relating to such issuer shall be deemed to be an Employer New Investment Rejection, an Employer Existing Investment Rejection,
an Employer Sale Rejection or an Employer Hedge Rejection, or otherwise constitute, contribute to, or be counted toward the determination
of, a Terminating Event for purposes of this Agreement (i.e., there can never be counted more than one Employer New Investment
Rejection, Employer Existing Investment Rejection, Employer Sale Rejection or Employer Hedge Rejection per issuer, regardless of
the actual number of such rejections).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in"><FONT STYLE="color: black">(4)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding any provisions to the contrary
contained herein, the Employer and the Employee agree that no rejection by the Employer of any purchase or sale of Securities proposed
by the Co-Managers that would result in Sargon having positions in more than fifteen (15) different companies shall count as, or
be deemed to be, an Employer New Investment Rejection or otherwise constitute, contribute to, or be counted toward the determination
of, a Terminating Event for purposes of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in"><FONT STYLE="color: black">(5)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding any provisions to the contrary
contained herein, the Employer and the Employee agree that no rejection by the Employer of any transaction proposed by the Co-Managers
that would result in a Legal Trigger (as defined below), either at the time of such transaction or with the passage of time or
with the giving of any notice, shall be deemed to be an Employer New Investment Rejection, an Employer Existing Investment Rejection,
an Employer Sale Rejection or an Employer Hedge Rejection, or otherwise constitute, contribute to, or be counted toward the determination
of, a Terminating Event for purposes of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The term &ldquo;Legal Trigger&rdquo; shall
mean any requirement that the Employer or any of its Affiliates or any issuer or third party make any filing, cross any threshold,
make any payment or repayment, issue any Securities, repurchase or offer to repurchase any Securities, accelerate the vesting of
any equity award, have any liability, or otherwise become subject to any obligation, regulation or restriction, under: (a) Regulation
13D, Section 16, Rule 144 or any other rule or regulation promulgated by the Securities and Exchange Commission; (b) any state
anti-takeover law (e.g., Section 203 of the Delaware General Corporation Law); (c) any regulation, rule, statute or other limitation
on ownership relating to a regulated industry (e.g., banking, energy, gaming, health care, insurance, liquor, telecommunications,
etc.); (d) ERISA or any rule promulgated by the PBGC; (e) Section 5881 of the Internal Revenue Code or any other rule, regulation
or statute requiring the payment of any excise tax; (f), the Hart-Scott-Rodino Act; (g) any poison pill, NOL preservation plan
or similar device; (h) any poison put provision, change of control provision, or any other similar provision under any bond indenture,
credit agreement or other document governing any indebtedness; (i) any change of control provision in any incentive compensation
plan, employment agreement, option agreement, restricted stock agreement, change of control agreement or similar plan or agreement
(e.g., golden parachute payments); or (j) any provision of any contract, plan, charter, bylaws or other document, or any federal
or state regulation, rule or statute, in either case similar to any of the foregoing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in"><FONT STYLE="color: black">(6)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the event that any rejection by the Employer
of a sale of Sargon Securities proposed by the Co-Managers would constitute an Employer Sale Rejection, the Employer may instead
elect to effect a Deemed Sale (as defined below), in which case (i) Sargon shall not sell such Securities and (ii) such rejection
shall not be deemed to be an Employer Sale Rejection or otherwise constitute, contribute to, or be counted toward the determination
of, a Terminating Event for purposes of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The term &ldquo;Deemed Sale&rdquo; shall
mean an election by the Employer, which must be communicated to the Co-Managers within 48 hours following a proposal by the Co-Managers
with respect to a sale of Sargon Securities, to have such Securities deemed &ldquo;sold&rdquo; to the Employer at a price equal
to either (at the option of the Employer) (i) the closing market price of such Securities on the date of the proposal (the &ldquo;Proposal
Date&rdquo;) or (ii) the 30-day VWAP, as calculated by Employer in a manner consistent with practices utilized by the Existing
Funds, of such Securities for the 30-day period beginning two (2) days following the Proposal Date. In the event of a Deemed Sale,
(i) such Securities will be deemed removed from either the Old Sargon Portfolio or the New Sargon Portfolio, as applicable, on
the date of the Deemed Sale (i.e., either the date of the proposal or the final day of the 30-day VWAP period) and (ii) from and
after such date, the Employer shall make available to the Old Sargon Portfolio or the New Sargon Portfolio, as applicable, an amount
in cash or cash equivalents equal to the deemed &ldquo;purchase price&rdquo; of such Securities (it being understood and agreed
that the foregoing provision is a mere notional calculation and that no actual &ldquo;sale&rdquo; for tax or other purposes shall
be deemed to have occurred as a result of such calculation).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in"><FONT STYLE="color: black">(7)
</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Employer and the Employee agree that: (a) good faith
disagreements shall not be deemed to be Employer New Investment Rejections, Employer Existing Investment Rejections, Employer
Sale Rejections or Employer Hedge Rejections, or otherwise constitute, contribute to, or be counted toward the determination of,
a Terminating Event for purposes of this Agreement; and (b) a rejection by the Employer of any investment, hedge, sale or other
matter proposed by the Co-Managers that is not a bona fide proposal made in good faith by the Co-Managers to the Employer (in
this regard, any proposal made by a Co-Manager with the design, desire or purpose of eliciting a rejection from the Employer shall
be deemed <U>not</U> to have been made in good faith) will not count as, or be deemed to be, an Employer New Investment Rejection,
an Employer Existing Investment Rejection, an Employer Sale Rejection or an Employer Hedge Rejection, or otherwise constitute,
contribute to, or be counted toward the determination of, a Terminating Event for purposes of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Process for Documenting Proposals, Elections,
Rejections, Etc</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="color: black">(viii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>All
decisions relating to purchases or sales of Securities, hedges, regulatory filings and any other matters concerning Sargon shall
be made in a manner consistent with the protocol that was followed with respect to the Prior Agreement as follows: (a) the Co-Managers
shall discuss the matter with a designee of the Employer (the &ldquo;Employer Designee&rdquo;), which, until further notice is
provided by the Employer to the Employee, shall be Carl C. Icahn, the Chairman of the Board of the Employer (the &ldquo;Chairman&rdquo;),
and then one of the Co-Managers shall send an email to the following people, informing them of the decision: the Chief Compliance
Officer and the General Counsel of the Employer, the executive assistant to the Chairman (currently Susan Gordon), and the other
Co-Manager; (b) no verifying emails similar to those referenced in the following paragraph shall be required; and (c) decisions
with respect to the purchase of Securities do not need to be made and communicated on a daily basis, but rather can be set as thresholds
(e.g., &ldquo;approval was obtained to purchase up to $10 million or 1 million shares of common stock of XYZ Company&rdquo;), it
being understood and agreed that no such approval shall be deemed to be a waiver of any provision of this Agreement (e.g., the
restriction in Section 4(a) above stating that Sargon may not purchase more than $240 million of Securities of any single Qualified
Issuer) unless such waiver is documented in accordance with the protocol set forth in the following paragraph (it being the desire
of the parties that all major decisions relating to Sargon be documented in accordance with the higher level of verification contemplated
in the following paragraph in order to avoid disputes).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Notwithstanding the foregoing, no &ldquo;proposal,&rdquo;
&ldquo;election,&rdquo; &ldquo;rejection,&rdquo; &ldquo;abandonment&rdquo; or other decision or notice referred to above in this
Section 4(b) (each a &ldquo;Communication&rdquo;) shall give rise to an Employer New Investment Rejection, an Employer Existing
Investment Rejection, an Employer Sale Rejection or an Employer Hedge Rejection (i.e., no such Communication shall constitute,
contribute to, or be counted toward the determination of, a Terminating Event for purposes of this Agreement) unless, in each
case: (1) such Communication was initially effected and documented in accordance with the protocol set forth in the immediately
preceding paragraph (including written notice from the Co-Managers to the Employer stating that failure to agree with them will,
in their view, constitute an Employer New Investment Rejection, an Employer Existing Investment Rejection, an Employer Sale Rejection
or an Employer Hedge Rejection); (2) the Employer Designee has, in response to such written notice, replied that the Employer
nonetheless does not agree with the Co-Managers; <U>and</U> (3) the Chief Compliance Officer or the General Counsel shall have
confirmed such Communication with the Employer Designee and sent another email to Susan Gordon (or another individual designated
by Employer) and each of the Co-Managers confirming such disagreement and the fact that it constitutes an Employer New Investment
Rejection, an Employer Existing Investment Rejection, an Employer Sale Rejection or an Employer Hedge Rejection.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Staff</U>. The Co-Managers will not hire any new staff
or enter into any third party arrangements requiring payment by Employer or the Existing Funds without the prior consent of the
Employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Sargon Capital</U>. For purposes of tracking cash,
profits, costs, etc. Sargon will be accounted for, hypothetically, as if it were a separate entity, and cash and Securities made
available for Sargon by the Existing Funds will be tracked as hypothetical advances made by the Existing Funds to be repaid by
Sargon, all as contemplated below in this clause (d) and in clause (e) of this Section 4. References below in this clause (d) and
in clause (e) to amounts that &ldquo;Sargon will have access to&rdquo;, &ldquo;capital&rdquo;, &ldquo;funded&rdquo;, &ldquo;drawn
down&rdquo;, &ldquo;additional capital&rdquo;, &ldquo;made available&rdquo;, &ldquo;allocated&rdquo;, &ldquo;outstanding&rdquo;
&ldquo;holdings&rdquo;, &ldquo;investments&rdquo; &ldquo;paid&rdquo;, &ldquo;repaid&rdquo;, and to &ldquo;costs&rdquo; &ldquo;expenses&rdquo;,
&ldquo;trading commissions&rdquo;, &ldquo;hedge and leverage&rdquo; and the like are all set forth for the purpose of hypothetically
tracking and accounting for such items within Sargon as if it were a separate entity. All of the matters referred to in this Section
4 will be tracked by and accounted for by Employer whose determination, calculation, allocation and treatment of all such matters,
and all other matters necessary for, or related to, the implementation of the arrangements generally described in this Section
4 will be final and binding on all parties absent manifest error.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Sargon will have access
to an aggregate of up to $2.4 billion of cash and Securities (the &ldquo;Original Capital&rdquo;) &ldquo;funded&rdquo; by the Existing
Funds beginning on August 1, 2012 (the &ldquo;Inception Date&rdquo;) through the Final Date (as defined in Section 5 below). On
the Inception Date: (i) the Existing Funds will make available to the New Sargon Portfolio an aggregate amount of &ldquo;capital&rdquo;
equal to the Inception Amount (as defined below), which shall be managed in accordance with the New Scope of Activity; and (ii)
the Old Sargon Portfolio shall continue to be managed in accordance with the Old Scope of Activity and limited to the Original
Capital (as contemplated in Section 4(b) of the Prior Agreement). On April 1, 2013, the Existing Sargon Positions, all proceeds
thereof, and any other cash or other property in the Old Sargon Portfolio (excluding the co-investment by High River in the Existing
Sargon Positions) will be &ldquo;rolled into&rdquo; the New Sargon Portfolio. From and after April 1, 2013: (i) the Old Sargon
Portfolio will cease to exist as a separate portfolio; and (ii) all purchases, sales, hedges and other transactions relating to
the Existing Sargon Positions will be conducted and tracked under this Agreement solely within the New Sargon Portfolio and will
be subject to the terms applicable to the New Sargon Portfolio, provided that the Existing Sargon Positions (and any further transactions
in Securities of the issuers of the Existing Sargon Positions) will not be required to be within the New Scope of Activity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">As of the
close of business on the business day immediately preceding the Inception Date, the market value of the Existing Sargon Positions
(including any cash and other property in the Old Sargon Portfolio, but net of any margin indebtedness) (excluding the co-investment
by High River in the Existing Sargon Positions) was<B> </B>$<B>[&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;] </B>(the &ldquo;Reference Amount&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">The term
&ldquo;Inception Amount&rdquo; shall mean $<B>[&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;]</B>, being the difference on the Inception Date between $2.4 billion and
the Reference Amount.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The parties understand, acknowledge and
agree that: (i) on April 1, 2013, the market value of the Existing Sargon Positions (including any cash and other property in the
Old Sargon Portfolio, but net of any margin indebtedness) that are &ldquo;rolled into&rdquo; the New Sargon Portfolio may be more
or less than the Reference Amount; and (ii) regardless of the market value of the Existing Sargon Positions as of April 1, 2013,
the Hurdle set forth in Section 5 below will be calculated using the sum of the Inception Amount and the Reference Amount (which
add to $2.4 billion).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Sargon Hedging and Leverage/Expenses</U>. The Old
Sargon Portfolio may &ldquo;hedge&rdquo; its positions with the approval of Employer, as Employer, in its sole and absolute discretion,
considers appropriate, in accordance with the Existing Parameters. The New Sargon Portfolio may &ldquo;hedge&rdquo; its positions
with the approval of Employer, as Employer, in its sole and absolute discretion, considers appropriate, utilizing: (i) futures
or options contracts referencing the S&amp;P 500 Index or the Russell 2000 Index; and/or (ii) equity securities (and derivatives
referencing such equity securities) issued by Qualified Issuers. Hedging transactions: (i) must correlate to long portfolio positions
(i.e., no speculative short sales or other trading will be permitted); and (ii) will be limited to $80 million of invested capital
on any individual position or index (including the S&amp;P 500 Index and the Russell 2000 Index). Without limiting the foregoing,
the New Sargon Portfolio may not at any time: (i) establish any position (whether long or short) having a notional value (i.e.,
total &ldquo;exposure&rdquo;) that exceeds the amount of cash and cash equivalents &ldquo;held&rdquo; in the New Sargon Portfolio
at such time; or (ii) be net short on a notional basis. If, as a result of price movements or otherwise, the New Sargon Portfolio
becomes net short on a notional basis, the Employer shall have the right from time to time to require the Co-Managers to reduce
hedges in an amount which, in the judgment of the Employer, is necessary to rectify such situation. For purposes of illustration,
if the New Sargon Portfolio has $3 billion of &ldquo;capital&rdquo; or &ldquo;assets&rdquo;: (i) $3 billion of long positions
and no short positions <U>would</U> be permissible; (ii) $2 billion of long positions and $1 billion of short positions <U>would
</U>be permissible; (iii) $1 billion of long positions and $2 billion of short positions would <U>not</U> be permissible; and
(iv) $4 billion of long positions and $3 billion of short positions would <U>not</U> be permissible. The foregoing examples assume
$3 billion of &ldquo;capital&rdquo; or &ldquo;assets&rdquo;. As the amount of &ldquo;capital&rdquo; or &ldquo;assets&rdquo; increases
and decreases, the restriction will be adjusted accordingly (e.g., if there is $5 billion of &ldquo;capital&rdquo; or &ldquo;assets&rdquo;,
the New Sargon Portfolio may not have more than $5 billion of notional exposure; and if there is $1 billion of capital, the New
Sargon Portfolio may not have more than $1 billion of notional exposure). Hedges that satisfy all of the requirements set forth
in this Section 4(e) are referred to herein as &ldquo;Permitted Hedges.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Old Sargon Portfolio
may utilize margin or other types of borrowing only in accordance with the Existing Parameters. The New Sargon Portfolio may not,
without the consent of the Employer, utilize margin or any other types of borrowing; provided, however, that instruments with &ldquo;embedded
leverage&rdquo; (such as options and derivatives) shall be permissible and tracked on a notional basis (e.g., the cost of a call/put
option combo with the same strike price would be calculated as: net premium paid (i.e., call premium paid, minus put premium collected)
plus (quantity x strike price)). The foregoing restrictions shall not prevent the Employer or its Affiliates from obtaining margin
or other loans or otherwise using their positions (including any Securities &ldquo;held&rdquo; in Sargon), directly or indirectly,
as collateral for loans, all without any consent or approval of the Co-Managers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">No expenses (legal,
Hart-Scott, etc.) will be allocated to Sargon other than trading commissions, SEC fees relating to sales of Securities and all
costs associated with transactions in options, swaps and other derivatives (which trading commissions, SEC fees and derivatives
costs will be deemed to be &ldquo;expenses&rdquo; that are &ldquo;paid&rdquo; by, and reduce the value of Sargon and are thereby
taken into consideration for purposes of determining &ldquo;Profit&rdquo;) (further, the investment results of short sales, derivatives,
options, swaps, and payments thereon deemed to have occurred in Sargon, will be taken into account in determining &ldquo;Profit&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Termination of Sargon by Icahn Enterprises</U>. Employer
may, in its sole and absolute discretion, by written notice to the Chief Compliance Officer of the Existing Funds terminate Sargon
at any time and withdraw all assets deemed or treated as held therein, at which time Sargon shall, for all purposes, be deemed
to cease to exist and will no longer be deemed: (x) to be a hypothetical separate entity or portfolio; or (y) to hold, be allocated
or have access to, any assets or capital. Such termination will end the employment of Employee hereunder and the only rights of
Employee will be those accrued through the date of such termination as expressly set forth in Section 8 of this Agreement, and
Employee shall have no other rights, claims, power or privilege arising from or relating to such termination, based upon any matter,
fact or thing of any kind as character.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Trade Allocation</U>.<FONT STYLE="font-family: Times New Roman, Times, Serif">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Trade allocation of Sargon among the various funds in
the Existing Funds will be made as determined by Employer in its sole and absolute discretion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Continuation</U>. In the event of the termination
or liquidation of the Existing Funds or other cessation or elimination of the limited partners (or limited partners other than
members of the Icahn Group, their employees, agents, relatives or designees) as investors in such funds (any of the foregoing
an &ldquo;Elimination Event&rdquo;) the Employer may, at its option, either: (i) continue to pursue any or all of the investments
that remain following such Elimination Event, in which case all of the terms and provisions of this Agreement will continue to
apply <U>mutatis</U> <U>mutandis</U>, to such remaining investments owned by Employer and its designated Affiliates, as if they
are the &ldquo;Existing Funds&rdquo; and in such event Sargon will continue and this Agreement will continue in full force and
effect, and Employee will continue as an employee hereunder; or (ii) Employer may exercise its rights under Section 4(f) to terminate
Sargon.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Investment by Employee</U>. Within 60 days following
March 31, 2013, the Profit Sharing Payment due with respect to the Old Sargon Portfolio (which shall, except as set forth on <B><U>Schedule
I</U></B> attached hereto, be calculated as of 11:59 p.m. on March 31, 2013 in the same manner that was contemplated under Section
5 of the Prior Agreement, which is reproduced for convenience on <B><U>Schedule III</U></B> attached hereto) (the &ldquo;First
Profit Sharing Payment&rdquo;) (net of amounts necessary to satisfy all applicable federal, state and city income taxes of Employee
payable thereon) will be paid to the Employee and deposited into an escrow account in the name of the Employee (the &ldquo;Escrow
Account&rdquo;). The funds in the Escrow Account (i) will be administered in accordance with an escrow agreement substantially
in the form attached hereto as <B><U>Exhibit 1</U></B>, among the Employee, the Employer and an escrow agent reasonably acceptable
to both of them, (ii) will be invested only in U.S. Treasury money market funds (the &ldquo;Approved Funds&rdquo;), (iii) will,
except as provided in Section 8(c) below, earn a hypothetical return (which the Employee acknowledges and agrees may be positive
or negative) as if such funds were invested by the Employee in Sargon on the date of deposit into the Escrow Account &ndash; i.e.,
such hypothetical return will be equal to the actual net rate of return earned by the Employer from Sargon, taking into account
the Hurdle and the payment of the Second Profit Sharing Payment,<SUP>2</SUP> during such period (the &ldquo;Hypothetical Return&rdquo;)
(the Hypothetical Return will not include any interest or other income relating to the Approved Funds (&ldquo;Income&rdquo;)),
(iv) will, except as provided in Section 8(c) below, be released (in an amount equal to the original amount deposited, plus or
minus the amount of the Hypothetical Return, but excluding any Income (such amount, the &ldquo;Escrowed Amount&rdquo;)) to the
Employee at the time that the Second Profit Sharing Payment (as defined in Section 5 below) becomes due under this Agreement (or,
if this Agreement is terminated without any Second Profit Sharing Payment becoming due, at the time of such termination), (v)
may not be withdrawn by the Employee, in whole or in part, during the Term, and (vi) may not be pledged, directly or indirectly,
by the Employee or the Employer as collateral for any loan. For the avoidance of doubt: (a) any Income shall be the property of
the Employer; (b) the Employer shall be responsible for all applicable taxes relating to any Income; (c) any Income may be withdrawn
by the Employer at any time or from time to time, in its sole and absolute discretion; (d) from and after 12:00 a.m. on April
1, 2013, the First Profit Sharing Payment shall be the property of the Employee (subject to the restrictions set forth in the
Escrow Agreement), whether or not such funds have yet to be deposited into the Escrow Account (such that, for example, if the
Employee&rsquo;s employment hereunder were to be terminated without Cause prior to such deposit, the Employee would still be entitled
to receive the First Profit Sharing Payment); and (e) notwithstanding the definition of &ldquo;Escrowed Amount&rdquo; set forth
in Section 4(b)(i)(iv) above, if the Employee&rsquo;s employment hereunder is terminated without Cause prior to 11:59 p.m. on
March 31, 2013, the term &ldquo;Escrowed Amount&rdquo; shall mean the Profit Sharing Payment due with respect to the Old Sargon
Portfolio (which shall be calculated as of the time of such termination in the same manner that was contemplated under Section
5 of the Prior Agreement), without taking into account any Hypothetical Return (which amount shall not be deposited into the Escrow
Account but rather delivered to the Employee in the same manner that was contemplated under Section 5 of the Prior Agreement).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><SUP>2</SUP> The parties agree that the
following illustrative examples shall govern the calculation of the Hypothetical Return (assuming a 1-year Term for simplicity):
(i) If the New Sargon Portfolio achieves a 10% gross return on $3 billion of capital for $300 million of profit, the Hurdle would
be $120 million and the Second Profit Sharing Payment due to the Co-Managers collectively from the Employer and High River would
be 15% of $180 million, or $27 million &ndash; so the Hypothetical Return that would be applied to the escrowed funds would be:
($300 million - $120 million - $27 million = $153 million) / $3 billion = 5.1% (i.e., if the escrowed funds were $5 million, such
amount would be increased by $255,000); (ii) if Sargon achieves a 4% gross return, no Second Profit Sharing Payment would be due
and the Hypothetical Return would be flat (i.e., the $5 million of escrowed funds would not be increased or decreased); (iii) if
Sargon achieves a 0% gross return, no Second Profit Sharing Payment would be due and the Hypothetical Return would be negative
4.0% (i.e., the $5 million of escrowed funds would be reduced by $200,000 to $4.8 million); and (iv) if Sargon achieves a 10% loss,
no Second Profit Sharing Payment would be due and the Hypothetical Return would be negative 14.0% (i.e., the $5 million of escrowed
funds would be reduced by $700,000 to $4.3 million).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">5.<FONT STYLE="font-family: Times New Roman, Times, Serif">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Profit Sharing</U></B>. Subject to the terms and
provisions of this Agreement, except in the event of the earlier termination of this Agreement by the Employer under Section 8(i)
within 30 days following a Key Man Event, as of the date (the &ldquo;Final Date&rdquo;) which is the earlier of: (i) the date of
the occurrence of a Terminating Event or (ii) if Employee continues to be employed hereunder through 11:59 p.m. on July 31, 2016,
then at 11:59 p.m. on July 31, 2016, Employee will be entitled to receive from Employer a one-time cash payment (the &ldquo;Second
Profit Sharing Payment&rdquo;) to be paid 60 days following the Final Date, equal to 7.5% of the Profit (as defined below), <U>minus</U>
the Total Benefit Payments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For the avoidance of doubt, Employee and
the Employer understand that pursuant to Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations and
other guidance thereunder (together, &ldquo;Code Section 409A&rdquo;), payment of the Second Profit Sharing Payment will be treated
as made upon the 60<SUP>th</SUP> day following the Final Date if the payment is made at such date or at a later date within the
same taxable year of Employee or, if later, by the 15<SUP>th</SUP> day of the third calendar month following the 60<SUP>th</SUP>
day following the Final Date, <I>provided however</I> that Employee shall not be permitted, directly or indirectly, to designate
the taxable year of the payment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;Profit&rdquo;
shall equal the amount, if any, by which the Gain (as defined below) exceeds the Hurdle (as defined below).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">The term
&ldquo;Gain&rdquo; shall mean the amount, if any, by which the market value, as calculated by Employer in a manner consistent with
practices utilized by the Existing Funds, of the New Sargon Portfolio (i.e., including all Securities and cash) on the Final Date
exceeds the sum of (i) the Inception Amount plus (ii) the market value of the Existing Sargon Positions (excluding the co-investment
by High River in the Existing Sargon Positions) as of 11:59 p.m. on March 31, 2013. <U>Notwithstanding the foregoing</U>, if the
Terminating Event giving rise to such calculation is either an Investment Default or a Hedge Default, then the term &ldquo;Gain&rdquo;
shall mean the amount, if any, by which the 90-day VWAP, as calculated by Employer in a manner consistent with practices utilized
by the Existing Funds, of the New Sargon Portfolio (i.e., including all Securities and cash) for the 90-day period immediately
following the Final Date exceeds the sum of (i) the Inception Amount plus (ii) the market value of the Existing Sargon Positions
(excluding the co-investment by High River in the Existing Sargon Positions) as of 11:59 p.m. on March 31, 2013.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">The term
&ldquo;Hurdle&rdquo; shall mean an amount equal to the sum of (i) a return on the Inception Amount from the Inception Date until
the Final Date, at a compounded annual rate of 4% per annum, plus (ii) a return on the Reference Amount from April 1, 2013 until
the Final Date, at a compounded annual rate of 4% per annum.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The parties agree that the &ldquo;Profit&rdquo;,
the &ldquo;Gain&rdquo; and the &ldquo;Hurdle&rdquo; will be calculated in accordance with the hypothetical examples attached hereto
as <B><U>Schedule IV</U></B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For all purposes, including the calculation
of &ldquo;Profit&rdquo;, if Employer or its Affiliates obtain beneficial ownership of 90% or more of the equity, whether through
tender offer, merger or otherwise, of any company that is an investment in Sargon, or if (as a result of actions taken by Employer
or its Affiliates) the Securities of such entity cease to be listed on an exchange or traded on a public market, then Sargon will
be deemed to have disposed of such equity investment at the last price paid by the Employer or its Affiliates for such security
to the public, with the proceeds thereof derived by Sargon, with the same effect as if such equity investment had been sold by
Sargon, and such equity investment shall cease to be part of, or to be included in, Sargon. In addition, at any time that Employer
and its Affiliates have beneficial ownership of Securities providing greater than 50% of the voting power of any entity, the Employer
may at any time, in its discretion, by written notice to the Chief Compliance Officer of the Existing Funds (each such notice,
a &ldquo;Transfer Election Notice&rdquo;), cause such Securities (including any portion thereof attributable to Sargon) to be transferred
to an Affiliate of Employer, in which event Employer will have the right to elect and shall elect in any such Transfer Election
Notice, either: (i) that the portion of such Securities attributable to Sargon prior to such transfer will continue to be treated
for all purposes of this Agreement as investments in Sargon; or (ii) that the portion of such Securities attributable to Sargon
prior to such transfer shall be deemed to have been sold, and shall cease to be part of Sargon for all purposes, and in the event
that the election contemplated in this clause (ii) is made, then Sargon shall be deemed for all purposes to have sold such Securities
in the market for an amount equal to the market value of such investment, as calculated by Employer in a manner consistent with
the practices utilized by the Existing Funds, and in the event of a Transfer Election Notice, the election specified in clause
(i) or (ii), as applicable, shall be implemented for all purposes of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Co-Managers are
not entitled to any payment or benefits on any profit, investment, position or transaction, that is made or occurs, or that is
deemed to have been made or to have occurred, outside Sargon, and only investments that are allocated to Sargon by Employer in
accordance with the terms of this Agreement shall be utilized for purposes of determining &ldquo;Profit&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Track
Record</U></B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Creation
of Track Record</U>. &nbsp;&nbsp;&nbsp;&nbsp;After: (x) the Final Date (except as set forth Section 6(b) and subject to the terms of Sections 6(c) and
(d) and 7 below), if any; or (y) a termination of the employment of Employee by the Employer under Section 8(i) within 30 days
following a Key Man Event, if any; the Employee will have the right to: (i) disclose the track record generated by Sargon (the
&ldquo;Track Record&rdquo;) only to market a Permitted Fund (as defined below); and (ii) to discuss activities related to Sargon
investment positions (if, and only if, those positions have been publicly disclosed but are not still held by the Existing Funds
or their Affiliates on the Final Date) in order to market a Permitted Fund (the matters contemplated in clauses (i) and (ii), collectively,
the &ldquo;Covered Matters&rdquo;). Either Co-Manager may request that a reputable third party provide an audit or attestation
report of the Track Record, whose fees shall be paid by the owners of any new management company that seeks to market off such
Track Record.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b) <FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Limitations
on Use</U>. <FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Anything
herein to the contrary notwithstanding, Employee will not, and will not have any right or license to, use, employ, publish, market
with, disclose or discuss, and is and will be prohibited from, using, employing, publishing, marking with, disclosing or discussing
the Covered Matters: (i) if his employment is terminated for Cause, or if he resigns other than by Permitted Resignation; or (ii)
at any time after such Employee becomes an employee, owner, director, advisor or consultant to an Investment Fund or Management
Company, or an Affiliate of an Investment Fund or Management Company, other than a vehicle owned (subject to Section 7) and controlled
by such Employee; it being the intent of the parties that if the Employee is to use the Track Record he must do so <U>only</U>
as his first business activity upon leaving the employ of Employer for the purpose of setting up his own new hedge fund (a &ldquo;Permitted
Fund&rdquo;) using the Track Record to market that Permitted Fund.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c) <FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Limited
License</U>. <FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The
Employee recognizes, acknowledges, and agrees that the Track Record is and shall be, for all purposes, the sole and exclusive property
of Employer and the Icahn Group, and that any ability of Employee to disclose or discuss the Track Record and any other Covered
Matters constitutes a non-exclusive, non-transferable, royalty-free license to do so solely in accordance with the terms of Section
6 and 7 of this Agreement and subject to the terms of and conditions set forth in this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(d) <FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Employer
Review</U>. <FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Employee
agrees that any specific use or disclosure of the Covered Matters, both with respect to format and with respect to content, will
require the prior written consent of Employer, which will not be unreasonably withheld or delayed. Employee will provide to Employer,
at least 20 days prior to any such use or disclosure: (i) a copy of any written disclosure; and (ii) a general script of any oral
disclosure so as to provide a generalized understanding of the material to be presented orally, it being understood by Employer
that such oral communication will involve discussion and reply to questions that cannot be precisely scripted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Participation
in Management Co.</U> </B> &nbsp;Subject in all respects to Sections 7(k), 7(l) and 7(m) below:<B> </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Icahn Enterprises Participation.</U> <FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>In
consideration of the agreements of Employer set forth in this Agreement, Employee hereby grants to Icahn Enterprises LP and its
subsidiaries (&ldquo;Icahn Enterprises&rdquo;) the irrevocable right and option: (i) to acquire any amount or amounts of limited
partnership interests (or equivalent interests) in any Investment Funds with which the Employee is or becomes Associated or Affiliated
(such amounts to be determined by Icahn Enterprises, and which may be invested from time to time in one or more of such Investment
Funds) and (ii) to become the owner, (without contributing any capital<FONT STYLE="font-size: 10pt"> </FONT>(other than, at the
option of Icahn Enterprises, an amount of capital necessary to assure its status as a partner for income tax purposes) to any general
partner or other managing entities or any other Person), of the Section 7 Percentage of any and all Management Companies formed
by, or otherwise in any way related to or associated with, Employee, his Affiliates or Associates, in any capacity, directly indirectly,
whether as an individual, investor, stockholder, partner, owner, equity owner, lender, agent, trustee, consultant, employee, advisor,
manager, franchisee (or in any other relationship or capacity). The parties understand and agree that in Section 7 of the High
River Agreement, High River has been granted a right of participation similar to those granted to Employer under this Section 7.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For the avoidance of doubt, it is the intention
of the parties that: (i) if both the Employee and the other Co-Manager have formed, or are or become Associated or Affiliated with,
the First Bona Fide Fund, then the aggregate investment by Icahn Enterprises and High River in such First Bona Fide Fund in order
to retain the aggregate 15% Section 7 Percentage (allocated between Icahn Enterprises and High River as contemplated herein) is
$20 million in the aggregate; and (ii) if the Employee but not the other Co-Manager has formed, or is or becomes Associated or
Affiliated with, the First Bona Fide Fund, then the aggregate investment by Icahn Enterprises and High River in such First Bona
Fide Fund in order to retain the aggregate 15% Section 7 Percentage (allocated between Icahn Enterprises and High River as contemplated
herein) is $10 million in the aggregate; the intention of the parties being that: (a) if the Employee and the other Co-Manager
form the First Bona Fide Fund together, then Icahn Enterprises and High River would be entitled to own and retain, if they make
an aggregate $20 million investment in the First Bona Fide Fund, aggregate 15% participations (allocated between Icahn Enterprises
and High River as contemplated herein) in the Management Companies relating to the First Bona Fide Fund, aggregate 15% participations
(allocated between Icahn Enterprises and High River as contemplated herein) in any and all other Management Companies formed by,
or otherwise in any way related to or associated with, Employee, and aggregate 15% participations (allocated between Icahn Enterprises
and High River as contemplated herein) in any and all other Management Companies formed by, or otherwise in any way related to
or associated with, the other Co-Manager; (b) if the Employee but not the other Co-Manager forms the First Bona Fide Fund (and
the other Co-Manager never forms a First Bona Fide Fund), then Icahn Enterprises and High River would be entitled to own and retain,
if they make an aggregate $10 million investment in that First Bona Fide Fund, aggregate 15% participations (allocated between
Icahn Enterprises and High River as contemplated herein) in the Management Companies relating to the First Bona Fide Fund, and
aggregate 15% participations (allocated between Icahn Enterprises and High River as contemplated herein) in any and all other Management
Companies formed by, or otherwise in any way related to or associated with, Employee; and (c) if the Employee and the other Co-Manager
each form a separate First Bona Fide Fund, then Icahn Enterprises and High River would be entitled to obtain, for an aggregate
$10 million investment in each First Bona Fide Fund, aggregate 15% participations (allocated between Icahn Enterprises and High
River as contemplated herein) in the Management Companies relating to each First Bona Fide Fund, aggregate 15% participations (allocated
between Icahn Enterprises and High River as contemplated herein) in any and all other Management Companies formed by, or otherwise
in any way related to or associated with, Employee, and aggregate 15% participations (allocated between Icahn Enterprises and High
River as contemplated herein) in any and all other Management Companies formed by, or otherwise in any way related to or associated
with, the other Co-Manager.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The interests in Management Companies contemplated
above will apply proportionally to Icahn Enterprises and High River based upon their respective participations as contemplated
in this Agreement, including Section 7(l), and the aggregate percentage participations may change from 15% to 10% or zero in accordance
with Section 7(l) and this Agreement, in the aggregate for Icahn Enterprises and High River, and from 85% to 90% or 100%, for the
Employee (and/or Employee and the other Co-Manager, if they both have interests in such Management Companies).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Without limiting the foregoing, the Employee
understands, acknowledges and agrees that: (i) Icahn Enterprises may acquire, from time to time, limited partnership or equivalent
interests in any Investment Funds with which the Employee is or becomes Associated or Affiliated; (ii) the timing and amounts
of any such investments shall be determined by Icahn Enterprises; and (iii) unless Icahn Enterprises and High River (allocated
between Icahn Enterprises and High River as contemplated in this Agreement and) fails to invest in the aggregate at least one
of either: (x) the High Funding Amount; or (y) the Minimum Funding Amount, in the First Bona Fide Fund as contemplated in this
Agreement then Icahn Enterprises shall (A) have a Section 7 Percentage participation in each of the Management Companies formed
by, or otherwise in any way related to or associated with, Employee, his Affiliates or Associates (whether such Management Companies
were formed before, contemporaneously with, or after the investments by Icahn Enterprises in the First Bona Fide Fund), and (B)
continue to have a Section 7 Percentage participation in each of the Management Companies formed at any time by, or otherwise
in any way and at any time related to or associated with, Employee, his Affiliates or Associates (whether such Management Companies
were formed before, contemporaneously with, or after the investments by Icahn Enterprises in the First Bona Fide Fund), in perpetuity,
without having to make any further investments in any Investment Funds then existing or formed thereafter. In no event will the
aggregate High Funding Amount for Icahn Enterprises and High River for <U>all</U> First Bona Fide funds exceed $20 million. In
no event will the aggregate Minimum Funding Amount for Icahn Enterprises and High River for <U>all</U> First Bona Fide Funds,
exceed $10 million.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="color: black">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Icahn Enterprises will be the owner, without contributing any capital
to any general partner or other managing entities relating to such Investment Funds, of the Section 7 Percentage of all Management
Companies relating to such Investment Funds (for the avoidance of doubt, Icahn Enterprises&rsquo; participation will remain at
the Section 7 Percentage, regardless of the fact that Icahn Enterprises will not contribute any capital, either at the time of
formation of the Management Companies or at any time in the future, whether or not the Employee or any other persons or entities
contribute additional capital);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="color: black">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>as the owner of a Section 7 Percentage of the Management Companies,
Icahn Enterprises will have the right to the Section 7 Percentage in perpetuity of any Fee and Incentive Payments derived by any
and all such Management Companies, and Employee (and/or Employee and the other Co-Manager, if they both have interests in such
Management Companies) will initially have the right to the balance of any Fee and Incentive Payments derived by any and all such
Management Companies in excess of the Section 7 Percentages of Icahn Enterprises and High River;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="color: black">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>if
in the future other persons or entities are granted or purchase equity or other ownership interests in the Management Companies
or participation interests in any Fee or Incentive Payments derived by any or all of such Management Companies, then Icahn Enterprises&rsquo;
Section 7 Percentage participation will remain at the Section 7 Percentage and the percentage interest of the Employee (and/or
the Employee and the other Co-Manager, if they both have interests in such Management Companies, or transferees of his or their
interest) shall be reduced;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="color: black">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Icahn
Enterprises&rsquo; capital accounts relating to its investment in limited partnership interests in the Investment Funds will be
reduced, on a pro rata basis with, and in the same manner that is applicable to, all other limited partners in the Investment Funds,
as a result of the payment of expenses by the Investment Funds (such as trading commissions and other costs associated with making
investments that are commonly paid by Investment Funds, as opposed to Management Companies);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="color: black">(v)
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>for the avoidance of doubt, Icahn Enterprises&rsquo; participation will
be equal to the Section 7 Percentage of the <U>gross</U> Fee and the Section 7 Percentage of the <U>gross</U> Incentive Payments
derived by any and all such Management Companies &ndash; i.e., any expenses or costs of forming and operating the Management Companies
(including but not limited to legal, accounting, filing fees, salaries, bonuses, compensation, benefits, and &ldquo;phantom&rdquo;
participations in any Fee or Incentive Payments derived by the Management Companies, etc.) will not reduce Icahn Enterprises&rsquo;
Section 7 Percentage participation or payments in respect of such Section 7 Percentage (nor will any such expenses or costs be
charged to the capital accounts of Icahn Enterprises relating to its Section 7 Percentage interest) but will only dilute and reduce
the interests of the Employee and any other owners of the Management Companies (i.e., all such expenses and costs shall be &ldquo;paid&rdquo;
by the Employee and such other owners and not by Icahn Enterprises);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="color: black">(vi)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>such Section 7 Percentage participation of Icahn Enterprises will
not be a mere economic interest, but will be represented by irrevocable equity interest (stock, partnership interests, membership
interests, or the like) in a business vehicle that will be entitled to receive the Fee and Incentive Payments and will include
board membership on such Management Companies equal to the Section 7 Percentage of the board, but at least one board member;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="color: black">(vii)
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Icahn Enterprises&rsquo; Section 7 Percentage participation will <U>not</U> be
subject to dilution, directly or indirectly, including any economic or equity dilution resulting from any ownership, payment,
obligation or other activity of any subsidiary, and whether due to stock issuances, capital contributions or otherwise;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="color: black">(viii)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>in the event that any person or entity, other than the Employee,
Affiliates of the Employee, members of the Employee&rsquo;s family, and employees of the Management Companies (a &ldquo;Third Party&rdquo;),
that invests or proposes to invest in limited partnership interests in the Investment Funds at any time receives or is offered
terms that are more favorable than either (a) the terms set forth in this Section 7 or (b) the terms that are then applicable to
Icahn Enterprises&rsquo; limited partnership investment (including, but not limited to, reduced management fees or incentive allocation,
shorter lock-up period, greater transparency, co-investment rights, larger percentage participation in the Management Companies,
etc.), the Employee shall provide prompt written notice thereof to Icahn Enterprises and Icahn Enterprises shall have the right
to elect to receive such more favorable terms, and if capacity constraints or other factors allow for only Icahn Enterprises or
such Third Party (but not both) to invest in the Investment Funds, then only Icahn Enterprises shall be permitted to invest; provided,
however, that if such Third Party is required to invest a certain amount of capital in order to obtain such more favorable terms
(the &ldquo;Required Investment&rdquo;), then if, but only if, the Employee has demonstrated to the satisfaction of Icahn Enterprises
that the Third Party (a) has the financial wherewithal to make the Required Investment and (b) was ready, willing and able to make
the Required Investment, Icahn Enterprises must make the Required Investment in order to obtain such more favorable terms; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="color: black">(ix)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Notwithstanding any provisions to the contrary contained in this
Section 7, if (i) the Employee has not formed or become Affiliated or Associated with any Investment Funds or Management Companies
or (ii) each of the Investment Funds and Management Companies that the Employee has formed or with which he is or has become Affiliated
or Associated have been terminated and liquidated, and the Employee seeks to obtain passive employment with a Management Company,
and not as an owner of a business (other than such ownership interest as is typically provided to incentivize employees of Management
Companies, but in any event not greater than a 1% participation in such Management Company), then such employer of the Employee
will not be deemed a &ldquo;Management Company&rdquo; for purposes of this Section 7 and Icahn Enterprises shall not be entitled,
by virtue of this Section 7, to (a) obtain a participation in such Management Company or (b) invest in Investment Funds managed
by such Management Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT><FONT STYLE="color: black">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Access To Records</U>.<FONT STYLE="color: black">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&#9;Icahn Enterprises and its designated representatives will have, and
Employee and the Management Companies will provide, access to the books and records (including, but not limited to all financial
information reflecting all Fees and Incentive Payment, and all payments to Employee, his Affiliates and Associates) of the Management
Companies within 10 days following any request to Employee for access to such information; provided that only one such request
maybe made in any six (6) calendar month period. Icahn Enterprises will be solely responsible for its expenses incurred in accessing
and reviewing any such information. Notwithstanding the foregoing, Icahn Enterprises will be provided with copies of all audited
annual and interim financial statements of the Management Companies within 10 days following receipt of the same by the Employee
or his Affiliates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT><FONT STYLE="color: black">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Definitive Documents</U>. <FONT STYLE="color: black">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>In
connection with the formation of any Management Companies that will be entitled to receive Fees and Incentive Payments, and as
a condition of using the Track Record, all related documents reflecting the terms thereof (the &ldquo;Definitive Documents&rdquo;)
shall be reasonably acceptable to Icahn Enterprises and shall be consistent with the terms of Sections 6 and 7, and shall fully
create, issue, reflect and protect, the rights, interests, powers and privileges of Icahn Enterprises as contemplated in Sections
6 and 7 of this Agreement, all of which will be set out in full in the Definitive Documents with such additional terms and provisions
as are appropriate to implement and protect the rights, interests, powers and privileges of Icahn Enterprises contemplated in
Sections 6 and 7, all in form and content reasonably acceptable to Icahn Enterprises. The Fee and Incentive Payments generated
by any applicable Investment Fund will be payable solely to the Management Company and not in any manner that would avoid or minimize
the amounts payable to Icahn Enterprises.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT><FONT STYLE="color: black">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Notice</U>. <FONT STYLE="color: black">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>As
Icahn Enterprises has the right, but not the obligation, to acquire a participation (subject to Section 7(l) below) in the Management
Companies, Icahn Enterprises must give a definitive response to the Employee, within one month of the Employee notifying Icahn
Enterprises of all relevant details (including full responses to all requests for further information made by Icahn Enterprises
and copies of all documents) of its intent to participate therein, subject to the satisfaction of Icahn Enterprises with all Definitive
Documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Other
Companies</U>. Following a Covered Marketing Event the Section 7 Percentage participation of Icahn Enterprises in Fees and Incentive
Payments (and all the terms of this Section 7) will apply not only to the Management Companies entitled to receive such Fees and
Incentive Payments related to that initial fund, but will also apply to any successor or other vehicle (or the Employee&rsquo;s
participation therein) for new or additional Investment Funds and all Management Companies related to or associated with the Employee
in any capacity, whether or not the Track Record or Covered Matters is used to market any such Investment Fund.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif"> </FONT><FONT STYLE="color: black">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Leakage</U>. <FONT STYLE="color: black">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT> The Employee, his Affiliates
and Associates, will not receive directly or indirectly any salary, directors fees or other compensation or value from the
activities of the Management Companies or the applicable Investment Funds, directly or indirectly, through subsidiaries or
otherwise, other than: (i) by virtue of his ownership interest in the balance of Management Company in excess of the
Section 7 Percentages of Icahn Enterprises and High River; and (ii) a return on his invested capital pro-rata to other
investors in any such Investment Fund (but not subject to management fees or incentive allocations or the like).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT><FONT STYLE="color: black">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Tag Along</U>. <FONT STYLE="color: black">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Icahn
Enterprises will have &ldquo;tag-along&rdquo; rights on any sale of any interest in the Management Company by Employee, his Affiliates
and Associates. Any transferee of the Employee will become a party to the Definitive Agreements for the benefit of Icahn Enterprises
and its transferees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT><FONT STYLE="color: black">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Distributions</U>. <FONT STYLE="color: black">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>All
money withdrawn from Management Companies will be paid in a proportion equal to the Section 7 Percentages of each of Icahn Enterprises
and High River, (or their respective transferees of their interest) and the balance to the Employee (and/or the Employee and the
other Co-Manager, if they both have interests in such Management Companies, or transferees of his or their interest).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT><FONT STYLE="color: black">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Management</U>.<FONT STYLE="color: black">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&#9;From and after the occurrence of a Covered Marketing Event: (x) the
Employee may not manage any third party capital outside of the Management Company and its subsidiaries, nor may the Employee own
any shares in any of its subsidiaries directly or indirectly (other than through its indirect interest in the Management Company);
and (y) the Employee may not own any interest in any entity that manages third party capital other than such ownership as may
exist as a result of the ownership that the Management Companies or its subsidiaries may have therein, in the case of each of
(x) and (y) other than through Management Companies in which the full rights and Section 7 Percentage participation of Icahn Enterprises,
as contemplated in Sections 6 and 7 hereof, are provided for in Definitive Documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(j)<FONT STYLE="font-family: Times New Roman, Times, Serif"> </FONT><FONT STYLE="color: black">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;</FONT><U>Proprietorship</U>. <FONT STYLE="color: black">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>All
of the foregoing will also apply if the Employee operates without an entity as a Management Company, but instead operates
simply as an individual or sole proprietor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(k)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT><FONT STYLE="color: black">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Necessity of a Covered Marking Event</U>.
<FONT STYLE="color: black">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Icahn Enterprises&rsquo; Section 7 Percentage
participation, and all of the provisions of this Section 7, will only be applicable if a Covered Marketing Event occurs and any
transaction that includes a Covered Marketing Event must itself comply with the terms of this Section 7.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(l)<FONT STYLE="font-family: Times New Roman, Times, Serif"> </FONT><FONT STYLE="color: black">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</FONT><U>Level of Icahn Enterprises&rsquo; Participation</U>. <FONT STYLE="color: black">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The
Section 7 Percentage participation of each of Icahn Enterprises and High River will be determined in accordance with the
following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">a.</TD><TD STYLE="text-align: justify">Icahn Enterprises and High River will each have the right to collectively invest any amount as
limited partners into Investment Funds managed by the Management Companies.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">b.</TD><TD STYLE="text-align: justify">If Icahn Enterprises and High River do not fail to collectively invest at least $20 million as
limited partners into the First Bona Fide Fund, the aggregate Section 7 Percentages of Icahn Enterprises and High River in the
Management Companies will be 15%, to be allocated (subject to clause e. below) pro rata to their investment. For purposes of illustration,
if $20 million is collectively invested in 80/20 ratio, a 12% participation in the Management Companies will be allocated to Icahn
Enterprises and a 3% participation in the Management Companies will be allocated to High River. However, if $150 million is invested
by Icahn Enterprises in accordance with clause e. below prior to any investment by High River, and $100 million is invested by
High River, then a 15% participation in the Management Companies will be allocated to Icahn Enterprises and 0% will be allocated
to High River.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">c.</TD><TD STYLE="text-align: justify">If Icahn Enterprises and High River collectively invest at least $10 million (but less than $20
million) as limited partners into the First Bona Fide Fund, the aggregate Section 7 Percentage participation of Icahn Enterprises
and High River in the Management Companies will be 10%, to be allocated pro rata to their investment (allocated 8% to Icahn Enterprises
and 2% to High River, assuming for purposes of illustration the same 80/20 investment ratio).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">d.</TD><TD STYLE="text-align: justify">If Icahn Enterprises and High River collectively invest less than $10 million as limited partners
into Investment Funds managed by the Management Companies, the Section 7 Percentages of each of Icahn Enterprises and High River
in the Management Companies will be zero.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">e.</TD><TD STYLE="text-align: justify">Notwithstanding any provisions to the contrary contained above in this Section 7, while Icahn Enterprises
and High River may each invest any amount as limited partners into Investment Funds managed by the Management Companies: (i) Icahn
Enterprises shall have the right to obtain the full Section 7 Percentage (the full 15% participation referred to above) by investing
at least $20 million into a First Bona Fide Fund and in such event the Section 7 Percentage of High River will be zero; and (ii)
if, but only if, Icahn Enterprises invests less than $20 million into the First Bona Fide Fund, then High River shall have the
right to obtain a percentage participation that is commensurate with its investment (for example: (x) if Icahn Enterprises invests
$15 million, then High River shall have the right to invest $5 million to receive a 3.75% participation and (y) if Icahn Enterprises
invests $10 million, then High River shall have the right to invest $10 million to receive a 7.50% participation). Employee will
provide written notice to High River on the first business day following any investment by Icahn Enterprises in a First Bona Fide
Fund stating the date and amount of such investment. Prior to such time, if any, that Icahn Enterprises has invested at least $20
million in limited partnership interests (or other interests) in the First Bona Fide Fund: (i) if High River desires to make an
investment into the First Bona Fide Fund, High River must first notify (which notice shall not be given earlier than the Condition
Satisfaction Date), each of Icahn Enterprises and Employee, in writing, of the amount of such proposed investment; and (ii) if
Icahn Enterprises has not, prior to the expiration of ten (10) business days following the date of receipt by Icahn Enterprises
of such notice, (such period, the &ldquo;10 Day Period&rdquo;) invested such amount in the First Bona Fide Fund, then Employee
must give written notice of such fact to each of Icahn Enterprises and High River, such notice to be given to Icahn Enterprises
and High River not later than 2 business days following the last day of such 10 Day Period (such notice, the &ldquo;Employee Section
7(l) Notice&rdquo;), in which event High River may invest such amount at any time prior to the expiration of 10 business days following
the date of the giving of the Employee Section 7(l) Notice to High River.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">f.</TD><TD STYLE="text-align: justify">Except as set forth above, any investment by Icahn Enterprises and/or High River in the Investment
Funds will be on the same terms as other third-party limited partner investors; provided, however, that, notwithstanding any &ldquo;lock-up&rdquo;
or similar provisions applicable to the First Bona Fide Fund, Icahn Enterprises and/or High River, as applicable, shall be permitted
to withdraw any or all of its capital from the First Bona Fide Fund on or following the date that is three (3) years following
its initial investment in the First Bona Fide Fund (and any such withdrawal will not diminish or otherwise affect the Section 7
Percentage participation by Icahn Enterprises and/or High River, as applicable, in all Management Companies formed by the Employee
or with which he is or becomes Affiliated or Associated).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">All references above in this Section 7(l)
to: (1) &ldquo;$20 million&rdquo; are for illustration purposes only and assume that both the Employee and the other Co-Manager
have formed the First Bona Fide Fund together (if, instead, the Employee but not the other Co-Manager has formed the First Bona
Fide Fund, then all such references to &ldquo;$20 million&rdquo; shall be deemed to be $10 million); and (2) &ldquo;$10 million&rdquo;
are for illustration purposes only and assume that both the Employee and the other Co-Manager have formed the First Bona Fide Fund
together (if, instead, the Employee but not the other Co-Manager has formed the First Bona Fide Fund, then all such references
to &ldquo;$10 million&rdquo; shall be deemed to be $5 million).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Failure
to Raise First Bona Fide Fund. If (i) a Covered Marketing Event occurs and (ii) the Employee forms, or is or becomes Associated
or Affiliated with, one or more Investment Funds, and (iii) the first such Investment Fund formed by the Employee, or with which
the Employee is or becomes Associated or Affiliated, does not meet the definition of &ldquo;First Bona Fide Fund,&rdquo; then Icahn
Enterprises shall receive a Section 7 Percentage participation in each Management Company formed by, or otherwise in any way related
to or associated with, Employee, his Affiliates or Associates, in any capacity, directly indirectly, whether as an individual,
investor, stockholder, partner, owner, equity owner, lender, agent, trustee, consultant, employee, advisor, manager, franchisee
(or in any other relationship or capacity), in each case without having to make any investments in any Investment Funds.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Termination</U></B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Power of Termination</U>. The Employer may terminate the
employment of Employee under this Agreement at any time, (x) with Cause, or (y) in the sole and absolute discretion of Employer,
without Cause, or (z) in the sole and absolute discretion of the Employer, within 30 days following a Key Man Event as contemplated
in Section 8(i) below. &ldquo;Cause&rdquo; shall mean any of the following: (a) conduct by the Employee of the activities of Sargon
in any manner that violates any law, rule or regulation in any material respect, or that causes the reputation of any member of
the Icahn Group to be materially and adversely affected, as a result of any wrongful or improper act; (b) conviction of any crime
(other than traffic violations and similar minor infractions of law); (c) failure to follow the lawful directions given by Employer
to Employee or the written policies or procedures adopted by the Employer from time to time that are made available to Employee;
(d) failure to come to work on a full-time basis, other than on holidays, vacation days, sick days, or other days off under Employer's
business policies; (e) impairment due to alcoholism, drug addiction or similar matters; and (f) a material breach of this Agreement,
including, without limitation, any breach of Section 10 or 12 hereof. Prior to termination for &ldquo;Cause&rdquo; as a result
of failure as contemplated in clause (c) or (d) above, Employee shall be given notice of his activity giving rise to such failure
and will have 3 business days to correct such activity; <U>provided</U> that Employer shall only be required to provide notice
under this sentence one time during any calendar year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Termination
Without Cause/Permitted Resignation/Investment and Hedge Defaults/Death/Disability</U></B>. In the event of the cessation of Employee&rsquo;s
employment under this Agreement due to any of the matters set forth in clauses (i) through (vii) below:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: black">(i)</FONT></TD><TD STYLE="text-align: justify">the employment of Employee is terminated by Employer without Cause; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: black">(ii)</FONT></TD><TD STYLE="text-align: justify">Employee resigns by means of a Permitted Resignation (as defined in Section 12 below); or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: black">(iii)</FONT></TD><TD STYLE="text-align: justify">the employment of Employee is terminated due to Employee&rsquo;s death or disability (as contemplated
in Section 8(e)); or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: black">(iv)</FONT></TD><TD STYLE="text-align: justify">written notice by Employer terminating Sargon as contemplated in Section 4(f); or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: black">(v)</FONT></TD><TD STYLE="text-align: justify">the occurrence of an Investment Default as contemplated in Section 4(b)(vii)(a) above (and such
Investment Default is not waived by the Employee); or</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: black">(vi)</FONT></TD><TD STYLE="text-align: justify">the occurrence of a Hedge Default as contemplated in Section 4(b)(vii)(b) above (and such Hedge
Default is not waived by the Employee); or</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: black">(vii)</FONT></TD><TD STYLE="text-align: justify">termination of the Term as a result of the continuance of the employment of Employee hereunder
through 11:59 P.M. on July 31, 2016,</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">then the Employee will be paid sixty (60)
days following such cessation of employment (i) as set forth in Section 4(i), the Escrowed Amount contemplated in Section 4(i),
and (ii) as set forth in Section 5, the Second Profit Sharing Payment contemplated in Section 5, in each case through the last
day of Employee&rsquo;s employment hereunder, and in each case subject to the other terms and provisions of this Agreement (including,
without limitation, deduction of the Total Benefit Payments).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Other Termination</U>. In the event of: (w) a voluntary
termination (including by resignation) of employment by Employee (which shall not be deemed to include a Permitted Resignation)
prior to 11:59 P.M. on March 31, 2013; or (x) termination of the employment of Employee by Employer for Cause prior to 11:59 P.M.
on March 31, 2013, then Employee shall receive neither the Escrowed Amount nor the Second Profit Sharing Payment and Employee
shall not be entitled to, or have any right, claim, power or privilege in respect of or for, any profit, payment or compensation
of any kind or character. In the event of: (y) the voluntary termination (including by resignation) of employment by Employee
(which shall not be deemed to include a Permitted Resignation) after 11:59 P.M. on March 31, 2013 but prior to 11:59 P.M. on July
31, 2016; or (z) the termination of the employment of Employee by Employer for Cause after 11:59 P.M. on March 31, 2013, then
Employee shall not receive the Second Profit Sharing Payment and Employee shall not be entitled to, or have any right, claim,
power or privilege in respect of or for, any profit, payment or compensation of any kind or character; provided, however, that
the Escrowed Amount shall (i) remain in the Escrow Account through July 31, 2016, (ii) be released to the Employee within 60 days
following July 31, 2016 and (iii) continue to be administered in accordance with the provisions of Section 4(b)(i) above, except
that the Hypothetical Return shall be calculated on the 90<SUP>th</SUP> day following such termination, assuming (solely for purposes
of such calculation) that the New Sargon Portfolio was deemed to have been liquidated at a price equal to the 90-day VWAP, as
calculated by Employer in a manner consistent with practices utilized by the Existing Funds, of the New Sargon Portfolio for the
90-day period beginning on the date of such termination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Release/Notice
by Employer</U>. As a condition to payment of any Amounts (as defined in Section 13(viii) below) contemplated in this Agreement,
Employer must receive from Employee a release in the form of <B><U>Exhibit 2</U></B> hereto and the same shall have become fully
effective and non-revocable. Within five (5) business days following the cessation of the employment of Employee hereunder (including
the occurrence of July 31, 2016 as the last day of the Term) Employer will provide written notice to Employee informing him of
the requirement to provide the release contemplated in this Section 8(d).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Disability</U>. For purposes of this Agreement, disability
shall be deemed to occur <U>only</U> if so declared in a written notice by Employer to Employee, following illness or injury to
Employee that results in Employee being unable to perform his duties hereunder at the offices of Employer for a period of 30 consecutive
business days or for 45 business days during any 60 business-day period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No Other Rights of Employee</U>. In the event of the cessation
of the employment of the Employee for any reason or no reason whether as contemplated in clauses (b) or (c) above, clause (i)
below, or otherwise, the Employee shall cease to have any right to any Escrowed Amount, Second Profit Sharing Payment, cash compensation
or any other payment or consideration or any other rights of any kind or character, other than as <U>expressly</U> set forth in
this Section 8.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Resignation</U>. Employee may resign from his employment
hereunder (but will remain subject to Sections 1, 3(c), 6, 7, 8, 9, 10, 11, 12 and 13 hereof). Any such resignation will not be
on less than four (4) weeks prior written notice to Employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>High River Termination</U>. In the event that (i) a Terminating
Event occurs under the High River Agreement (but not under this Agreement) and the High River Agreement is terminated or (ii)
Sargon is terminated by High River pursuant to Section 4(f) of the High River Agreement (but not under this Agreement) or (iii)
the High River Agreement (but not this Agreement) is terminated within 30 days following a Key Man Event, the Employee shall have
ten (10) business days within which to elect to terminate this Agreement. Any such termination of this Agreement by the Employee
shall be deemed for all purposes hereunder to be a Permitted Resignation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Key Man Termination</U>. In the event of the death or Permanent
Disability (as defined below) of Carl C. Icahn during the Term (a &ldquo;Key Man Event&rdquo;), the Employer shall, within 30
days following the Key Man Event (during which 30-day period this Agreement shall remain in effect and the Employer may exercise
any and all of its rights hereunder), deliver a written notice to the Co-Managers in which the Employer shall elect to either
terminate or continue this Agreement. If no such notice is delivered, the Employer will be deemed to have elected to continue
this Agreement. If the Employer elects to terminate the Agreement under this Section 8(i), then the Escrowed Amount contemplated
in Section 4(i) and the Second Profit Sharing Payment contemplated in Section 5 will be (i) marked as of the close of business
on the business day immediately preceding the time that the Key Man Event is first reported in the national print or electronic
media (the &ldquo;Key Man Amount&rdquo;) and (ii) paid to the Employee sixty (60) days following such Key Man Event (<U>minus</U>
the Total Benefit Payments). If the Employer elects to continue the Agreement: (i) this Agreement shall continue to remain in
effect; (ii) the Employee shall not receive the Key Man Amount; (iii) the Employer shall issue a press release stating that (a)
it has elected to continue the Agreement and (b) it has no present intention to liquidate any of the Sargon positions (but retains
the right to buy and sell Securities in its discretion); (iv) from and after the 30<SUP>th</SUP> day following the Key Man Event,
each of the Employer Restrictions (as defined below) shall become null and void and may no longer be exercised by the Employer
(it being understood and agreed that the investment parameters contained in Section 4(a), and all other provisions of this Agreement,
shall remain in full force and effect in such case). For the avoidance of doubt, any such election by the Employer to continue
the Agreement shall in no event limit the rights thereafter of (i) the Employee to terminate his employment under this Agreement
at any time, by voluntary termination or Permitted Resignation, or (ii) the Employer to terminate the employment of Employee under
this Agreement at any time, with or without Cause, or to terminate Sargon pursuant to Section 4(f).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The term &ldquo;Permanent Disability&rdquo;
means, with respect to Carl C. Icahn, that Mr. Icahn has been declared by a non-appealable order of a court of competent jurisdiction
to be permanently unable to be responsible for and manage his financial affairs due to physical or mental illness or injury.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The term &ldquo;Employer Restrictions&rdquo;
shall mean (i) any requirement of the Co-Managers under Section 4(b) to seek the approval of the Employer prior to effecting any
Permitted Investment, Permitted Hedge or sale of Sargon Securities and (ii) any right of the Employer under Section 4(b) to reject
or prevent the execution of any Permitted Investment, Permitted Hedge or sale of Sargon Securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(j)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Co-Manager Termination.</U> In the event of the death, disability
(as contemplated in Section 8(e) above) or resignation, or any termination by the Employer of the employment, of David Schechter
during the Term (a &ldquo;Co-Manager Event&rdquo;), (i) this Agreement shall continue to remain in effect, (ii) following such
Co-Manager Event, any provision of this Agreement requiring action by, or the consent of, both Co-Managers shall require action
by, or the consent of, only the Employee, and (iii) notwithstanding any other provisions of this Agreement to the contrary, if
Sargon does not at the time of a Co-Manager Event have sufficient cash and cash equivalents to satisfy any Amounts (as defined
in Section 13(viii) below) then due to David Schechter, then the Employer may, at its option and without the consent of the Employee,
cause Sargon to liquidate such positions as may be necessary in the Employer&rsquo;s discretion in order to raise the required
funds (provided, however, that the Employer shall consult with the Employee with respect to the selection of any positions for
liquidation).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Representations
and Warranties</U></B>. Employee represents as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To the best of his knowledge, except as known to Employer, he
is not a party to, or involved in, or under investigation in, any pending or threatened litigation, proceeding or investigation
of any governmental body or authority or any private person, corporation or other entity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employee has never been suspended, censured or otherwise subjected
to any disciplinary action or other proceeding by any State, other governmental entities, agencies or self-regulatory organizations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employee is not subject to any restriction whatsoever which
would cause him to not be able fully to fulfill his duties under this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Confidential
Information</U></B>. During the term of this Agreement and at all times thereafter, Employee shall hold in a fiduciary capacity
for the benefit of the Existing Funds and Employer, and their respective Affiliates all secret or confidential information, knowledge
or data, including without limitation trade secrets, investments, contemplated investments, business opportunities, valuation models
and methodologies, relating to the business of the Existing Funds, Employer, or their respective Affiliates, and their respective
businesses: (i) obtained by Employee during Employee&rsquo;s employment hereunder and during his previous employment with any of
the foregoing persons or entities and (ii) not otherwise in the public domain (all of the foregoing &ldquo;Confidential Information&rdquo;).
Employee shall not, without prior written consent of the Employer (which may be granted or withheld in its sole and absolute discretion
provided that Employee shall be permitted to use Confidential Information in connection with the performance of his duties with
the Employer and its Affiliates without being required to obtain the written consent of Employer), communicate or divulge any of
the types of information described in the two previous sentences, knowledge or data to anyone other than the Existing Funds, Employer
and their respective Affiliate and those designated by Employer, except to the extent compelled pursuant to the order of a court
or other body having jurisdiction over such matter or based upon the advice of his counsel that such disclosure is legally required;
provided, however, that Employee will assist Employer at Employer expense, in obtaining a protective order, other appropriate remedy
or other reliable assurance that confidential treatment will be accorded such information so disclosed pursuant to the terms of
this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">All processes, technologies,
investments, contemplated investments, business opportunities, valuation models and methodologies, and inventions (collectively,
&ldquo;Inventions&rdquo;), including without limitation new contributions, improvements, ideas, business plans, discoveries, trademarks
and trade names, conceived, developed, invented, made or found by Employee, alone or with others, during the period the Employee
is employed hereunder, whether or not patentable and whether or not on the Employer&rsquo;s time or with the use of its facilities
or materials, shall be the property of Employer or its designee, and shall be promptly and fully disclosed by Employee to Employer.
Employee shall perform all necessary acts (including, without limitation, executing and delivering any confirmatory assignments,
documents, or instruments requested by Employer) to vest title to any such Invention in Employer or in any person designated by
Employer and to enable such person, at its expense, to secure and maintain domestic and/or foreign patents or any other rights
for such Inventions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Without limiting anything
contained above, Employee agrees and acknowledges that all personal and not otherwise public information about the Existing Funds,
Sargon, Employer, and their respective Affiliates, including, without limitation, their respective investments, investors, transactions,
historical performance, and all information regarding or concerning Carl Icahn, Mr. Icahn&rsquo;s family and employees of the Existing
Funds, Sargon, Employer and their respective Affiliates, shall constitute Confidential Information for purposes of this Agreement.
In no event shall Employee during or after his employment hereunder, disparage the Existing Funds, Employer, Mr. Icahn, his family
members, their respective Affiliates or any of their respective officers, directors or employees. Employee further agrees not to
write a book or article about Mr. Icahn or Mr. Icahn&rsquo;s family members in any media and not to publish or cause to be published
in any media, any Confidential Information, and further agrees to keep confidential and not to disclose to any third party, including,
but not limited to, newspapers, authors, publicists, journalists, bloggers, gossip columnists, producers, directors, media personalities,
film-makers, and the like, any Confidential Information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In furtherance of the
foregoing, the Employee agrees that during the Term and following the termination of this Agreement, except for the disclosures
permitted in Sections 6 and 7 above in connection with the marketing of a Permitted Fund, the sole and only disclosure or statement
he will make about or concerning any or all of the Employer, High River, Mr. Icahn, his family members, or any of the respective
Affiliates of any of the foregoing, is to acknowledge that he is or was employed with Employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The forgoing provisions
of this Section 10 shall not apply to any disclosure or use specifically permitted by the express terms of Sections 6 and 7 hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Remedy
for Breach</U></B>. Employee hereby acknowledges that the provisions of Sections 6, 10 and 12 of this Agreement are reasonable
and necessary for the protection of the Icahn Group and Mr. Icahn&rsquo;s family members and are not unduly burdensome to Employee,
and the Employee also acknowledges such obligations under such covenants. Employee further acknowledges that the Icahn Group and
Mr. Icahn&rsquo;s family members will be irreparably harmed if such covenants are not specifically enforced. Accordingly, Employee
agrees that, in addition to any other relief to which the Employer may be entitled, including claims for damages, each of the
persons and entities that are included in the Icahn Group and Mr. Icahn&rsquo;s family members shall be entitled to seek and obtain
injunctive relief (without the requirement of any bond) from a court of competent jurisdiction for the purpose of restraining
Employee from an actual or threatened breach of such covenants.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Competitive
Services</U></B>. During the period that Employee is employed under this Agreement and through a period ending on July 31, 2016,
or if later 90 days after Employee ceases to be employed under this Agreement for any reason, Employee will not:</P>

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<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: black">(i)</FONT></TD><TD STYLE="text-align: justify">invest
                                                                                               in or manage, or participate or
                                                                                               engage in the business of investing
                                                                                               in or managing, or engage or participate
                                                                                               in the business of raising or pooling
                                                                                               of cash or other assets for investment
                                                                                               in, Securities, either individually
                                                                                               or with any person, entity, venture,
                                                                                               vehicle, limited liability company,
                                                                                               business, fund, partnership, corporation,
                                                                                               agency, proprietorship or any other
                                                                                               enterprise (whether or not conducted
                                                                                               for profit) (each a &ldquo;Covered
                                                                                               Business&rdquo;) or group of Affiliated
                                                                                               Covered Businesses (including,
                                                                                               without limitation, any hedge fund,
                                                                                               mutual fund, investment company,
                                                                                               managed account, fund of funds
                                                                                               or other vehicles for the investment
                                                                                               or management of money or assets),
                                                                                               whether for his own account or
                                                                                               with, for or on behalf of any Covered
                                                                                               Business in any capacity, directly
                                                                                               indirectly, whether as an individual,
                                                                                               investor, stockholder, partner,
                                                                                               owner, equity owner, lender, agent,
                                                                                               trustee, consultant, employee,
                                                                                               advisor, manager, franchisee or
                                                                                               in any other relationship or capacity,
                                                                                               and will not enter into the employ
                                                                                               of such Covered Business, render
                                                                                               any services to such Covered Business,
                                                                                               raise capital for such Covered
                                                                                               Business, or otherwise become interested
                                                                                               in or aid, represent or assist
                                                                                               such Covered Business directly
                                                                                               or indirectly in any manner; provided,
                                                                                               however, that the provisions in
                                                                                               this Section 12(i) shall not be
                                                                                               deemed to preclude Employee, after
                                                                                               cessation of his employment under
                                                                                               this Agreement, from acquiring
                                                                                               Securities of any Covered Business
                                                                                               solely as a passive investment
                                                                                               so long as such Securities do not,
                                                                                               in the aggregate, constitute more
                                                                                               than one percent (1%) of any class
                                                                                               or series of outstanding Securities
                                                                                               of such corporation or entity and
                                                                                               the Securities of such entity are:
                                                                                               (i) registered under Section 12
                                                                                               of the Securities Exchange Act
                                                                                               of 1934; or (ii) are purchased
                                                                                               without reduction or waiver of
                                                                                               management fees, incentive allocations
                                                                                               or other costs and reflect solely
                                                                                               the proportionate economic interests
                                                                                               of the Employee based only upon
                                                                                               his invested capital on a pro rata
                                                                                               basis.</TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify">The preceding paragraph of this
Section 12(i) shall not be applicable if the employment of Employee ceases as the result of: (v) termination of Sargon pursuant
to Section 4(f) at a time when Employer would not be entitled to terminate the employment of Employee hereunder for &ldquo;Cause&rdquo;;
(w) termination of the employment of Employee by Employer without &ldquo;Cause&rdquo;; (x) Employee&rsquo;s written resignation
(a &ldquo;Permitted Resignation&rdquo;) delivered by hand to the Chairman within 10 business days following an Uncured Employer
Breach; (y) termination of the employment of Employee by the Employer under Section 8(i) within 30 days following a Key Man Event;
or (z) the occurrence of an Investment Default as contemplated in Section 4(b)(vii)(a) or a Hedge Default as contemplated in Section
4(b)(vii)(b) above. An &ldquo;Uncured Employer Breach&rdquo; shall mean and be limited to: (i) a material breach of this Agreement
by Employer of the express terms of this Agreement, if such breach continues for 15 business days following written notice detailing
the events resulting in such breach and circumstances of such breach, given personally by hand by the Employee to the Chairman;
(ii) termination of Sargon pursuant to Section 4(f) of the High River Agreement at a time when High River would not be entitled
to terminate the employment of Employee thereunder for &ldquo;Cause&rdquo;; (iii) termination of the employment of Employee by
High River without &ldquo;Cause&rdquo; and (iv) a Permitted Resignation by Employee under the High River Agreement.</P>

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<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: black">(ii)</FONT></TD><TD STYLE="text-align: justify">From
                                                                                                the date hereof and through a
                                                                                                period ending one (1) year from
                                                                                                the last day of Employee&rsquo;s
                                                                                                employment under this Agreement,
                                                                                                Employee will not: (a) solicit,
                                                                                                interfere with or endeavor to
                                                                                                entice away from Employer or any
                                                                                                of its subsidiaries or Affiliates,
                                                                                                any current or prospective customer
                                                                                                or client, or any person in the
                                                                                                habit of dealing with any of the
                                                                                                foregoing; (b) attempt to direct
                                                                                                or solicit any current or prospective
                                                                                                customer or client away from Employer
                                                                                                or any of its subsidiaries or
                                                                                                Affiliates; (c) interfere with,
                                                                                                entice away or otherwise attempt
                                                                                                to obtain or induce the withdrawal
                                                                                                of any employee of Employer or
                                                                                                any of its subsidiaries or Affiliates;
                                                                                                (d) advise any person not to do
                                                                                                business with Employer or any
                                                                                                of its subsidiaries or Affiliates;
                                                                                                or (e) attempt to direct, divert,
                                                                                                or otherwise usurp any business
                                                                                                opportunity or transaction that
                                                                                                Employee learned of during Employee's
                                                                                                employment with Employer.</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: black">(iii)</FONT></TD><TD STYLE="text-align: justify">The
                                                                                                 Employee acknowledges and agrees
                                                                                                 that the Icahn Group has a worldwide
                                                                                                 reputation and operates on a
                                                                                                 worldwide basis and that the
                                                                                                 scope of these covenants will
                                                                                                 and are intended to prohibit
                                                                                                 his activities as set forth above
                                                                                                 throughout the world. The Employee
                                                                                                 acknowledges and agrees that
                                                                                                 the provisions of Sections 6,
                                                                                                 10, 11, 12(i) and 12(ii) are
                                                                                                 fair and reasonable and necessary
                                                                                                 to protect the business, reputation,
                                                                                                 goodwill and franchise of the
                                                                                                 Icahn Group and Mr. Icahn and
                                                                                                 his family. Employee acknowledges
                                                                                                 that, in light of the significant
                                                                                                 potential compensation of Employee,
                                                                                                 Employee is voluntarily entering
                                                                                                 into this provision and is well
                                                                                                 able to comply with its provisions
                                                                                                 without hardship.</TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">13.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Miscellaneous</U></B>.</P>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: black">(i)</FONT></TD><TD STYLE="text-align: justify"><U>Amendments
                                                                                                 and Waivers</U>. No provisions
                                                                                                 of this Agreement may be amended,
                                                                                                 modified, waived or discharged
                                                                                                 except as agreed to in writing
                                                                                                 by Employee and Employer. The
                                                                                                 failure of a party to insist
                                                                                                 upon strict adherence to any
                                                                                                 term or provision of this Agreement
                                                                                                 on any occasion shall not be
                                                                                                 considered a waiver thereof or
                                                                                                 deprive that party of the right
                                                                                                 thereafter to insist upon strict
                                                                                                 adherence to that term or provision
                                                                                                 or any other term or provision
                                                                                                 of this Agreement. Notwithstanding
                                                                                                 anything herein to the contrary,
                                                                                                 the Employer may amend this Agreement
                                                                                                 (and such amendment shall be
                                                                                                 binding upon Employee) at any
                                                                                                 time, retroactively or otherwise,
                                                                                                 without Employee&rsquo;s consent,
                                                                                                 to comply with Code Section 409A.
                                                                                                 Employer will take such actions
                                                                                                 as Employer considers reasonable
                                                                                                 (without any obligation to pay
                                                                                                 money) in order to help mitigate
                                                                                                 the adverse effect of any such
                                                                                                 amendment.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

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<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: black">(ii)</FONT></TD><TD STYLE="text-align: justify"><U>Governing
                                                                                                  Law</U>. This Agreement shall
                                                                                                  be governed by and construed
                                                                                                  in accordance with the laws
                                                                                                  of the State of New York applicable
                                                                                                  to agreements made and/or to
                                                                                                  be performed in that State,
                                                                                                  without regard to any choice
                                                                                                  of law provisions thereof. All
                                                                                                  disputes arising out of or related
                                                                                                  to this Agreement shall be submitted
                                                                                                  to the state and federal courts
                                                                                                  of New York, and each party
                                                                                                  irrevocably consents to such
                                                                                                  personal jurisdiction and waives
                                                                                                  all objections thereto, but
                                                                                                  does so only for the purposes
                                                                                                  of this Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: black">(iii)</FONT></TD><TD STYLE="text-align: justify"><U>Severability</U>.
                                                                                                   If any provision of this Agreement
                                                                                                   is invalid or unenforceable,
                                                                                                   the balance of this Agreement
                                                                                                   shall remain in effect.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: black">(iv)</FONT></TD><TD STYLE="text-align: justify"><U>Judicial
                                                                                                  Modification</U>. If any court
                                                                                                  determines that any of the covenants
                                                                                                  in Section 12 or any part of
                                                                                                  any of them, is invalid or unenforceable,
                                                                                                  the remainder of such covenants
                                                                                                  and parts thereof shall not
                                                                                                  thereby be affected and shall
                                                                                                  be given full effect, without
                                                                                                  regard to the invalid portion.
                                                                                                  If any court determines that
                                                                                                  any of such covenants, or any
                                                                                                  part thereof, is invalid or
                                                                                                  unenforceable because of the
                                                                                                  geographic or temporal scope
                                                                                                  of such provision, such court
                                                                                                  or arbitrator shall reduce such
                                                                                                  scope to the extent necessary
                                                                                                  to make such covenants valid
                                                                                                  and enforceable.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: black">(v)</FONT></TD><TD STYLE="text-align: justify"><U>Successors;
                                                                                                 Binding Agreement</U>. This Agreement
                                                                                                 shall inure to the benefit of
                                                                                                 and be binding upon the successors
                                                                                                 and assigns of the Employer.
                                                                                                 Employee may not sell, convey,
                                                                                                 assign, transfer or otherwise
                                                                                                 dispose of, directly or indirectly,
                                                                                                 any of the rights, claims, powers
                                                                                                 or interest established hereunder
                                                                                                 or under any related agreements
                                                                                                 or documents (including, without
                                                                                                 limitation, any rights or interests
                                                                                                 in or with respect to the Escrowed
                                                                                                 Amount and the Second Profit
                                                                                                 Sharing Payment, if any) other
                                                                                                 than with the prior written consent
                                                                                                 (which may be granted or withheld
                                                                                                 in their sole and absolute discretion)
                                                                                                 of the Employer provided that
                                                                                                 the same may, upon the death
                                                                                                 of Employee, be transferred by
                                                                                                 will or intestate succession,
                                                                                                 to his estate, executors, administrators
                                                                                                 or heirs, whose rights therein
                                                                                                 shall for all purposes be deemed
                                                                                                 subject to the terms of this
                                                                                                 Agreement.</TD></TR></TABLE>

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<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: black">(vi)</FONT></TD><TD STYLE="text-align: justify"><U>Limitation
                                                                                                  on Rights</U>. Any matter, thing,
                                                                                                  judgment or determination that
                                                                                                  is to be, or may be, made or
                                                                                                  determined by Employer under
                                                                                                  this Agreement, may be made
                                                                                                  or determined in the sole and
                                                                                                  absolute discretion of Employer,
                                                                                                  whether or not the phase &ldquo;sole
                                                                                                  and absolute discretion&rdquo;
                                                                                                  is included in the provisions
                                                                                                  providing for such matter, thing,
                                                                                                  judgment or determination (except
                                                                                                  with respect to any matter,
                                                                                                  thing, judgment or determination
                                                                                                  that is expressly stated herein
                                                                                                  to be made or determined &ldquo;reasonably&rdquo;
                                                                                                  by the Employer). Notwithstanding
                                                                                                  any provision to the contrary
                                                                                                  herein, no provision in this
                                                                                                  Agreement shall create, or be
                                                                                                  deemed or construed to create,
                                                                                                  any claim, right or cause of
                                                                                                  action against the Employer
                                                                                                  or any member of the Icahn Group
                                                                                                  arising from any failure: to
                                                                                                  agree to make any investment,
                                                                                                  provide any financing, generate,
                                                                                                  obtain or charge any fee, take
                                                                                                  any profit, or make or sell
                                                                                                  any investment, in each case
                                                                                                  whether for any reason or no
                                                                                                  reason. Employer and its Affiliates
                                                                                                  shall have no duty or obligation
                                                                                                  of any kind or charter to make,
                                                                                                  hold or continue any investment
                                                                                                  in the Existing Funds or Sargon
                                                                                                  and may terminate Sargon at
                                                                                                  any time, for any reason or
                                                                                                  no reason. Employee acknowledges
                                                                                                  that Employer could, for example,
                                                                                                  in its sole and absolute discretion,
                                                                                                  terminate Sargon at any time,
                                                                                                  thereby eliminating any further
                                                                                                  opportunity for Employee to
                                                                                                  obtain the Escrowed Amount under
                                                                                                  Section 4(i) or a Second Profit
                                                                                                  Sharing Payment under Section
                                                                                                  5 even if Sargon was operating
                                                                                                  for months or years prior to
                                                                                                  such date, and in such event
                                                                                                  Employee would receive no payment,
                                                                                                  compensation, profit or interests
                                                                                                  of any kind or character if
                                                                                                  there was <U>no</U> &ldquo;Profit&rdquo;
                                                                                                  as of such date, and Employee
                                                                                                  is freely accepting such risk
                                                                                                  in entering into this Agreement
                                                                                                  and waives and releases any
                                                                                                  right, claim, power or privilege
                                                                                                  that might or could, otherwise
                                                                                                  arise from the termination of
                                                                                                  Sargon (including any claim
                                                                                                  of bad faith, unfair dealing,
                                                                                                  quantum meruit, unjust enrichment,
                                                                                                  breach of contract or any other
                                                                                                  theory in law or equity). To
                                                                                                  the extent that any provision
                                                                                                  of this Agreement may result
                                                                                                  in any duplication of any calculation,
                                                                                                  allocation, payment or amount,
                                                                                                  such consequence is not intended
                                                                                                  and no such duplicate amount
                                                                                                  shall be included in any calculation,
                                                                                                  allocation, payment or amount.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: black">(vii)</FONT></TD><TD STYLE="text-align: justify"><U>Taxes</U>.
                                                                                                   All payments to Employee shall
                                                                                                   be subject to applicable deductions,
                                                                                                   payroll and withholdings taxes,
                                                                                                   to the extent required by law,
                                                                                                   as determined by Employer.</TD></TR></TABLE>

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<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: black">(viii)</FONT></TD><TD STYLE="text-align: justify"><U>No
                                                                                                    Assignment</U>. The rights
                                                                                                    of the Employee under this
                                                                                                    Agreement and to any amounts
                                                                                                    payable under this Agreement
                                                                                                    or that may become payable
                                                                                                    hereunder including, without
                                                                                                    limitation, the right to the
                                                                                                    Escrowed Amount and the Second
                                                                                                    Profit Sharing Payment (all
                                                                                                    rights under this Agreement
                                                                                                    and to any payment and amount,
                                                                                                    collectively, the &ldquo;Amounts&rdquo;)
                                                                                                    shall in no event be assigned,
                                                                                                    transferred, pledged or encumbered
                                                                                                    by Employee, and any attempted
                                                                                                    assignment, transfer, pledge
                                                                                                    or encumbrance of the Amounts,
                                                                                                    in whole or in part, shall
                                                                                                    be null and void and of no
                                                                                                    force or effect. Such Amounts
                                                                                                    may not be subject to seizure
                                                                                                    for the payment of any debts
                                                                                                    or judgments against Employee
                                                                                                    or be transferable by operation
                                                                                                    of law in the event the Employee
                                                                                                    becomes insolvent or bankrupt.</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: black">(ix)</FONT></TD><TD STYLE="text-align: justify"><U>Unfunded
                                                                                                  Nature of Compensation</U>.
                                                                                                  Title to and beneficial ownership
                                                                                                  of the Amounts that constitute
                                                                                                  nonqualified deferred compensation
                                                                                                  subject to Code Section 409A
                                                                                                  shall at all times remain with
                                                                                                  the Employer, and shall continue
                                                                                                  for all purposes to be part
                                                                                                  of the general assets of the
                                                                                                  Employer. Neither Employee nor
                                                                                                  any person other than the Employer
                                                                                                  shall by virtue of the provisions
                                                                                                  of this Agreement have any property
                                                                                                  interest whatsoever in any specified
                                                                                                  assets of the Employer until
                                                                                                  and except to the extent that,
                                                                                                  such Amounts are paid to Employee
                                                                                                  (it being understood and agreed
                                                                                                  that the First Profit Sharing
                                                                                                  Payment shall be deemed to have
                                                                                                  been &ldquo;paid&rdquo; to Employee
                                                                                                  as of 11:59 p.m. on March 31,
                                                                                                  2013). The Employer shall not
                                                                                                  be required to purchase, hold
                                                                                                  or dispose of any investments
                                                                                                  pursuant to this Agreement;
                                                                                                  however, any amount which may
                                                                                                  be invested under the provisions
                                                                                                  of this Agreement shall continue
                                                                                                  for all purposes to be a part
                                                                                                  of their general assets and
                                                                                                  subject to the claims of their
                                                                                                  respective general creditors.
                                                                                                  To the extent that Employee
                                                                                                  acquires a right to receive
                                                                                                  any Amounts from the Employer
                                                                                                  under this Agreement (other
                                                                                                  than, following March 31, 2013,
                                                                                                  the First Profit Sharing Payment),
                                                                                                  such right shall be unsecured
                                                                                                  and unfunded and shall be no
                                                                                                  greater than the right of any
                                                                                                  unsecured creditor of the Employer.</TD></TR></TABLE>

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<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: black">(x)</FONT></TD><TD STYLE="text-align: justify"><U>Determinations</U>.
                                                                                                 Any calculation, allocation,
                                                                                                 estimate or other amount or matter
                                                                                                 to be determined under this Agreement,
                                                                                                 or for the purpose of the Agreement
                                                                                                 (in particular matters under
                                                                                                 and related to the application
                                                                                                 of Sections 4 and 5, which the
                                                                                                 parties acknowledge and agree
                                                                                                 involve complex matters that
                                                                                                 may arise beyond the specific
                                                                                                 language of those Sections, and
                                                                                                 will involve significant judgments
                                                                                                 and interpretation with regard
                                                                                                 to the application of the principals
                                                                                                 set forth therein to &ldquo;real
                                                                                                 life&rdquo; situations), for
                                                                                                 any period or portion of a period,
                                                                                                 and any amount payable or allocable
                                                                                                 to or by Sargon, the Existing
                                                                                                 Funds, Employee or otherwise,
                                                                                                 under this Agreement for any
                                                                                                 period or portion of a period,
                                                                                                 shall be calculated, allocated,
                                                                                                 estimated or determined by Employer,
                                                                                                 whose determination shall be
                                                                                                 final and binding on all parties.
                                                                                                 If Amounts paid (or in respect
                                                                                                 of which payments are made) under
                                                                                                 Sections 4(i), 5 or 8 are at
                                                                                                 any time required to be returned
                                                                                                 or otherwise paid over to any
                                                                                                 of the Existing Funds or their
                                                                                                 investors or Affiliates, due
                                                                                                 to any miscalculation, mis-estimation
                                                                                                 or other error, or mistake or
                                                                                                 wrong doing, then the Employee
                                                                                                 shall be required (within 180
                                                                                                 days following written notice
                                                                                                 thereof by Employer) to return
                                                                                                 his pro rata share of such Amounts
                                                                                                 so returned or paid over even
                                                                                                 if such Amounts are returned
                                                                                                 or paid over following termination
                                                                                                 of employment of Employee hereunder
                                                                                                 and this provision shall survive
                                                                                                 any termination or expiration
                                                                                                 of Employee&rsquo;s employment
                                                                                                 hereunder.</TD></TR></TABLE>

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<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: black">(xi)</FONT></TD><TD STYLE="text-align: justify"><U>409A</U>.
                                                                                                  The intent of the parties is
                                                                                                  that payments and benefits under
                                                                                                  this Agreement which are subject
                                                                                                  to the provisions of Code Section
                                                                                                  409A shall comply with Code
                                                                                                  Section 409A and, accordingly,
                                                                                                  to the maximum extent permitted,
                                                                                                  this Agreement shall be interpreted
                                                                                                  to be in compliance therewith.
                                                                                                  A cessation or termination of
                                                                                                  Employee shall not be deemed
                                                                                                  to have occurred for purposes
                                                                                                  of Sections 4(i), 5 or 8 or
                                                                                                  any other provision of this
                                                                                                  Agreement providing for the
                                                                                                  payment of any Amounts or benefits
                                                                                                  subject to Code Section 409A
                                                                                                  upon or following a cessation
                                                                                                  or termination of employment
                                                                                                  unless such termination is also
                                                                                                  a &ldquo;separation from service&rdquo;
                                                                                                  as defined in Code Section 409A(a)(2)(A)(i)
                                                                                                  and the regulations thereunder,
                                                                                                  of the Employee from the Employer
                                                                                                  (&ldquo;Separation from Service&rdquo;)
                                                                                                  and, for purposes of any such
                                                                                                  provision of this Agreement,
                                                                                                  references to a &ldquo;termination&rdquo;,
                                                                                                  &ldquo;cessation of employment&rdquo;,
                                                                                                  &ldquo;termination of employment&rdquo;
                                                                                                  or like terms shall mean such
                                                                                                  &ldquo;Separation from Service&rdquo;.
                                                                                                  If the Employee is deemed on
                                                                                                  the date of his termination
                                                                                                  of employment to be a &ldquo;specified
                                                                                                  employee&rdquo; within the meaning
                                                                                                  of that term under Code Section
                                                                                                  409(a)(2)(B)(i), then with regard
                                                                                                  to any payment or the provision
                                                                                                  of any benefit that is considered
                                                                                                  deferred compensation under
                                                                                                  Code Section 409A payable on
                                                                                                  account of a &ldquo;Separation
                                                                                                  from Service&rdquo;, no such
                                                                                                  payment or benefit shall be
                                                                                                  made or provided prior to the
                                                                                                  earlier of (A) the expiration
                                                                                                  of the six (6) month period
                                                                                                  measured from the date of such
                                                                                                  &ldquo;Separation from Service&rdquo;
                                                                                                  of the Employee, and (B) the
                                                                                                  date of the Employee&rsquo;s
                                                                                                  death, to the extent required
                                                                                                  under Code Section 409A. Upon
                                                                                                  the expiration of the foregoing
                                                                                                  delay period, all payments and
                                                                                                  benefits delayed pursuant to
                                                                                                  this Section 13(xi) (whether
                                                                                                  they would have otherwise been
                                                                                                  payable in a single sum or in
                                                                                                  installments in the absence
                                                                                                  of such delay) shall be paid
                                                                                                  or reimbursed to the Employee
                                                                                                  in a lump sum, and any remaining
                                                                                                  payments and benefits due under
                                                                                                  this Agreement shall be paid
                                                                                                  or provided in accordance with
                                                                                                  the normal payment dates specified
                                                                                                  for them herein.</TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify">For purposes of Code Section 409A,
the Employee&rsquo;s right to receive any installment payments pursuant to this Agreement shall be treated as a right to receive
a series of separate and distinct payments. Whenever a payment under this Agreement specifies a payment period with reference
to a number of days, the actual date of payment within the specified period shall be within the sole discretion of the Employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify">Notwithstanding any other provision
of this Agreement to the contrary, in no event shall any payment under this Agreement that constitutes &quot;nonqualified deferred
compensation&quot; for purposes of Code Section 409A be subject to offset by any other amount unless otherwise permitted by Code
Section 409A.</P>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: black">(xii)</FONT></TD><TD STYLE="text-align: justify"><U>Survival</U>.
                                                                                                   Sections 1, 3(c), 6, 7, 8,
                                                                                                   9, 10, 11, 12 and 13 of this
                                                                                                   Agreement shall survive the
                                                                                                   termination of the employment
                                                                                                   of Employee hereunder and shall
                                                                                                   be and remain fully effective
                                                                                                   in accordance with their terms.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: black">(xiii)</FONT></TD><TD STYLE="text-align: justify"><U>No
                                                                                                    Continuation of Agreement</U>.
                                                                                                    Following the termination
                                                                                                    of the Term Employee will
                                                                                                    not be deemed to be employed
                                                                                                    under this Agreement, even
                                                                                                    if the employment of Employee
                                                                                                    with Employer or its Affiliates
                                                                                                    continues.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: black">(xiv)</FONT></TD><TD STYLE="text-align: justify"><U>No
                                                                                                   Joint and Several Liability</U>.
                                                                                                   The parties acknowledge and
                                                                                                   agree that: (a) the obligations
                                                                                                   and liabilities of the Employee
                                                                                                   under this Agreement are several
                                                                                                   only, and will not be, nor
                                                                                                   construed to be, either joint
                                                                                                   with David Schechter or joint
                                                                                                   and several with David Schechter;
                                                                                                   and (b) the obligations and
                                                                                                   liabilities of the Employer
                                                                                                   under this Agreement are several
                                                                                                   only, and will not be, nor
                                                                                                   construed to be, either joint
                                                                                                   with High River or joint and
                                                                                                   several with High River.</TD></TR></TABLE>

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<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: black">(xv)</FONT></TD><TD STYLE="text-align: justify"><U>Allocations
                                                                                                  between Icahn Enterprises and
                                                                                                  High River</U>. The parties
                                                                                                  understand and agree that, while
                                                                                                  various provisions of this Agreement
                                                                                                  make reference to costs, funding
                                                                                                  obligations, participation rights
                                                                                                  and other amounts being allocated
                                                                                                  80% to Icahn Enterprises and
                                                                                                  20% to High River, such allocations
                                                                                                  may change at any time and from
                                                                                                  time to time (provided that
                                                                                                  the percentages attributable
                                                                                                  to Icahn Enterprises and High
                                                                                                  River shall always add to 100%),
                                                                                                  as may be decided by Icahn Enterprises
                                                                                                  and High River in their sole
                                                                                                  and absolute discretion. Further,
                                                                                                  the parties acknowledge that
                                                                                                  references in this Agreement
                                                                                                  to matters being determined
                                                                                                  &ldquo;by the Employer, in its
                                                                                                  sole and absolute discretion&rdquo;
                                                                                                  (and similar language) also
                                                                                                  appear in the High River Agreement
                                                                                                  (under which High River is the
                                                                                                  &ldquo;Employer&rdquo;) and
                                                                                                  that such matters will ultimately
                                                                                                  be determined by each of Icahn
                                                                                                  Enterprises and High River,
                                                                                                  as employer under the applicable
                                                                                                  agreement.</TD></TR></TABLE>

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<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: black"><B>(xvi)</B></FONT></TD><TD STYLE="text-align: justify"><B><U>Counsel/Review
                                                                                                          of Agreement</U>. Employee
                                                                                                          acknowledges and agrees
                                                                                                          that he has read and
                                                                                                          understands all of the
                                                                                                          terms, provisions and
                                                                                                          conditions of this Agreement
                                                                                                          and has consulted with
                                                                                                          independent legal counsel
                                                                                                          of his choosing with
                                                                                                          respect to this Agreement,
                                                                                                          or has had the opportunity
                                                                                                          to do so and determined,
                                                                                                          at his own risk, not
                                                                                                          to seek such counsel.
                                                                                                          Employee shall be responsible
                                                                                                          for all expenses of
                                                                                                          any legal counsel and
                                                                                                          other advisors retained
                                                                                                          by Employee in connection
                                                                                                          with the transactions
                                                                                                          contemplated hereby.
                                                                                                          </B></TD></TR></TABLE>

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<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: black"><B>(xvii)</B></FONT></TD><TD STYLE="text-align: justify"><B><U>Entire
                                                                                                           Agreement</U>. This
                                                                                                           Agreement represents
                                                                                                           the entire agreement
                                                                                                           of the parties and
                                                                                                           supersedes any prior
                                                                                                           agreements, discussions,
                                                                                                           arrangements or understandings
                                                                                                           among the parties.
                                                                                                           It specifically supersedes
                                                                                                           the Prior Agreement
                                                                                                           and the Term Sheet
                                                                                                           dated May 31, 2012,
                                                                                                           which is not part of
                                                                                                           the agreement of the
                                                                                                           parties and should
                                                                                                           not be utilized for
                                                                                                           purposes of interpreting
                                                                                                           the Agreement. </B></TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Other</U></B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 1in; text-align: justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employee
shall follow all written policies and procedures and written compliance manuals adopted by or in respect of any or all of Employer
and its Affiliates that have been delivered to Employee, including, without limitation, those applicable to investments by employees.
In addition, except as contemplated in this Agreement, Employee shall not, personally or on behalf of any other person or entity,
invest in or provide advice with respect to, any investment made or actively being considered by Employer or its Affiliates, unless
disclosed to Employer in writing by Employee and approved in writing by Employer which approval may be granted or withheld by
them in their sole and absolute discretion, and which approval, if granted, may be with limitations, including on the amount of
any investment which Employee may make at any time or from time to time and may impose restrictions on the sale of any such investment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 1in; text-align: justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employee
agrees to provide to Employer a written list of all existing investments of Employee, directly or indirectly.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">15.</TD><TD STYLE="text-align: justify"><B><U>Definitions</U>. </B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<U>Affiliate&rdquo; and &ldquo;Control</U>&rdquo;
shall have the meanings set forth in Rule 405 of Regulation C of the Securities Act of 1933, as amended. Any reference in this
Agreement to an &ldquo;Affiliate&rdquo; or &ldquo;Affiliates&rdquo; in reference to any member of the Icahn Group shall include,
without limitation, all persons and entities that are included in the Icahn Group, in each case, on the date hereof and from time
to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<U>Associate</U>&rdquo; shall have
the meaning set forth in Rule 14a-1 promulgated under the Securities Exchange Act of 1934.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<U>Condition Satisfaction Date</U>&rdquo;
means that date on which the Funding Conditions contemplated in the definition of &ldquo;Required Funding Date,&rdquo; are fully
satisfied.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<U>Covered Marketing Event</U>&rdquo;
means the <U>first</U> use of the Track Record or other Covered Matters by Employee for the purpose of marketing an Investment
Fund formed by, or otherwise in any way related to or associated with, Employee, his Affiliates or Associates, in any capacity,
directly or indirectly, whether as an individual, investor, stockholder, partner, owner, equity owner, lender, agent, trustee,
consultant, employee, advisor, manager, franchisee (or in any other relationship or capacity), that precedes, results in, occurs
contemporaneously with, or follows, the formation or funding (in whole or in part), of an Investment Fund.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<U>Employer Contribution</U>&rdquo;
means the Icahn Enterprises Contribution.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<U>Fee and Incentive Payments</U>&rdquo;
means any management fee, incentive allocation, carried interest, profit sharing or participation, or the like.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<U>First Bona Fide Fund</U>&rdquo;
means the first bona fide Investment Fund or group of Investment Funds that: (1) is formed by the Employee, or with which the
Employee is or becomes Associated or Affiliated, following the termination of this Agreement; and (2) is marketed through a Covered
Marketing Event, to institutional investors and high net worth individuals pursuant to a customary hedge fund marketing process;
and (3) contains investments from investors, other than Icahn Enterprises and High River and their respective Affiliates, of at
least $80 million in the aggregate that are subject to fees and withdrawal limitations no more favorable to the investor than
those applicable to Employers invested in such First Bona Fide Fund. The parties acknowledge that there could be more than one
&ldquo;First Bona Fide Fund&rdquo; as there could be: (i) such a fund formed by (and/or associated with) Employee and also a fund
formed by (and/or associated with) the other Co-Manager; and (ii) alternately, there could be such a fund formed by (and/or associated
with) both Co-Managers (in which event there will only be one First Bona Fide Fund).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<U>High Funding Amount</U>&rdquo;
means: (x) $20 million with respect to a First Bona Fide Fund which is formed by both Co-Managers, or with which both Co-Managers
are or become Associated or Affiliated on the Required Funding Date; and (y) $10 million with respect to a First Bona Fide Fund
which is formed only by Employee and with which the other Co-Manager is not and does not become Associated or Affiliated on the
Required Funding Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<U>High River Contribution</U>&rdquo;
means the amount invested by High River in the First Bona Fide Fund, on or prior to the Required Funding Date, but not more than
$20 million minus the Icahn Enterprises Contribution, but regardless of the actual amount so invested, for purposes of this definition
the term &ldquo;High River Contribution&rdquo; shall not be deemed to exceed $20 million.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<U>Icahn Enterprises Contribution</U>&rdquo;
means the amount invested by the Icahn Enterprises in the First Bona Fide Fund, on or prior to the Required Funding Date, but
regardless of the actual amount so invested, for purposes of this definition the term &ldquo;Icahn Enterprises Contribution&rdquo;
shall not be deemed to exceed $20 million.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<U>Icahn Group</U>&rdquo; means
Mr. Carl C. Icahn and his Affiliates (including those now or hereafter his Affiliates) including, without limitation, High River,
Icahn Enterprises and all of their respective Affiliates), individually and collectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<U>Investment Fund</U>&rdquo; means
any hedge fund, mutual fund, investment company, managed account, fund of fund or other vehicle by, under or through which money
or assets are controlled and/or managed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<U>Management Companies</U>&rdquo;
means, any person that manages, controls, advises, or operates any Investment Fund, and/or obtains or receives or, is entitled
to or is formed to obtain or receive, Fees and Incentive Payments, directly or indirectly.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<U>Minimum Funding Amount</U>&rdquo;
means: (x) $10 million with respect to a First Bona Fide Fund which is formed by both Co-Managers, or with which both Co-Managers
are or become Associated or Affiliated on the Required Funding Date; and (y) $5 million with respect to a First Bona Fide Fund
which is formed only by Employee and with which the other Co-Manager is not and does not become Associated or Affiliated on the
Required Funding Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<U>Person</U>&rdquo; means, any
person, individual, entity, venture, vehicle, limited liability company, partnership, proprietorship, corporation, or any other
business vehicle.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<U>Relative Employer Percentage</U>&rdquo;
means the Employer Contribution divided by the sum of the Icahn Enterprises Contribution, and the High River Contribution.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<U>Related Persons</U>&rdquo; means
Carl C. Icahn, his Affiliates and Associates, or any of their respective officers, directors, agents, employees or family members,
including all natural persons, and all entities, corporations, limited liability companies, trusts, partnership and other business
vehicles.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<U>Required Funding Date</U>&rdquo;
means, 5:00pm, on the 25<SUP>th</SUP> business day following the date that all of the following conditions (the &ldquo;Funding
Conditions&rdquo;) are satisfied: (x) Icahn Enterprise and High River have both received written notice from Employee of the existence
of the First Bona Fide Fund, (which has been funded as a result of a Covered Marketing Event, and complies with the requirements
set forth in the definition of First Bona Fide Fund); and (y) written notice has been given by Employer to Employee of the satisfaction
of Section 7(c) with respect to the Management Companies relating to the First Bona Fide Fund.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<U>Section 7 Percentage</U>&rdquo;
means: (A) until the occurrence of the Required Funding Date, 15%; and (B) from and after the Required Funding Date, a percentage
determined as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>if at least the High Funding Amount is paid by the Required
Funding Date, the Section 7 Percentage of Icahn Enterprises shall equal 15%, multiplied by the Relative Employer Percentage (it
being understood and agreed that, in the aggregate, the Section 7 Percentage of Icahn Enterprises under this Agreement, and the
Section 7 Percentage of High River under the High River Agreement, shall equal 15%); or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>if at least the Required High Funding is not paid by the Required
Funding Date, but at least the Minimum Funding Amount is paid by the Required Funding Date, then the Section 7 Percentage shall
equal 10% multiplied by the Relative Employer Percentage (it being understood and agreed that, in the aggregate, the Section 7
Percentages of Icahn Enterprises under this Agreement, and the Section 7 Percentage of High River under the High River Agreement,
shall equal 10%).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<U>Securities</U>&rdquo; means
securities and other financial instruments, including, without limitation: capital stock; preferred stock; shares of beneficial
interest; partnership interests and similar financial instruments; bonds, bank debt, notes and debentures (whether subordinated,
convertible or otherwise); equity and other derivative products (including, without limitation, futures contracts (and options
thereon), swaps, options and warrants); loans; accounts and notes receivable and payable held by trade or other creditors; bankruptcy
and trade claims; contract and other claims; executory contracts; participations; commercial paper; and any other obligations
and instruments or evidences of indebtedness of whatever kind or nature; in each case, whether or not publicly traded or readily
marketable. Each reference in this Agreement to &ldquo;Securities issued by&rdquo; a particular issuer, or &ldquo;Securities of&rdquo;
a particular issuer, shall also be deemed to include derivative instruments referencing such issuer or any of its Securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<U>Terminating Event</U>&rdquo;
means termination of the employment of Employee pursuant to Section 8(b) as a result of the occurrence of any of the events listed
in clauses (i) through (vi) of Section 8(b).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<U>VWAP</U>&rdquo; means, if available,
the arithmetic mean of the volume-weighted average price per share of the applicable security as listed on Bloomberg for the hours
9:30 a.m. to 4:00 p.m. New York City time of each day during the applicable period. With respect to any security or instrument
for which such data is not available on Bloomberg, &ldquo;VWAP&rdquo; shall mean such valuation methodology as the Chief Compliance
Officer of the Employer may determine in good faith, which determination will be final and binding on all parties absent manifest
error.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Terms used in this Agreement that are
plural include the singular and the singular includes the plural.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In WITNESS WHEREOF, undersigned have executed
this Amended and Restated Co-Manager Agreement as of August 1, 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: justify">EMPLOYEE</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify; border-bottom: Black 1pt solid">/s/ Breft Icahn&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify">Breft Icahn</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: justify">EMPLOYER</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify">ICAHN ENTERPRISE L.P.</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: justify">By: Ichan Enterprise G.P., Inc., its general partner</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; width: 50%">&nbsp;</TD>
    <TD STYLE="text-align: justify; width: 4%">By:</TD>
    <TD STYLE="text-align: justify; width: 46%; border-bottom: Black 1pt solid">/s/ Daniel A. Ninivaggi</TD>
    <TD STYLE="width: 0%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Name: Daniel A. Ninivaggi</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Title: President</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify">ICHAN CAPITAL LP</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">By:</TD>
    <TD STYLE="text-align: justify; border-bottom: Black 1pt solid"> /s/ Daniel A. Ninivaggi&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Name: Daniel A. Ninivaggi</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Title: President</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

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<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>v319675_ex10-2.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>AMENDED AND RESTATED CO-MANAGER AGREEMENT</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.1pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.1pt; text-align: justify">Amended and Restated Co-Manager
Agreement (the &ldquo;Agreement&rdquo;) made as of the 1<SUP>st</SUP> day of August 2012 (the &ldquo;Execution Date&rdquo;) by
and between Icahn Enterprises L.P. and Icahn Capital LP (collectively, the &ldquo;Employer&rdquo;), and David Schechter (the &ldquo;Employee&rdquo;,
and the Employee and David Schechter, each a &ldquo;Co-Manager&rdquo; and together the &ldquo;Co-Managers&rdquo;). Unless otherwise
defined herein a capitalized term used herein shall have the meaning attributed to it in Section 15 hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.1pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.1pt; text-align: center">RECITALS:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.1pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.1pt; text-align: justify">Employee and Icahn Capital LP,
a subsidiary of the Employer (&ldquo;Icahn Capital&rdquo;), entered into a Co-Manager Agreement on April 1, 2010 (the &ldquo;Prior
Agreement&rdquo;). This Agreement amends, restates, supersedes and replaces in its entirety, the Prior Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.1pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.1pt; text-align: justify">Icahn Capital operates Icahn
Partners LP, Icahn Partners Master Fund LP, Icahn Partners Master Fund II LP and Icahn Partners Master Fund III LP (all of the
foregoing together, the &ldquo;<U>Existing Funds</U>&rdquo;, which term will also include any and all other hedge funds or other
entities that are Affiliates of Employer that may, from time to time, hereafter be designated as an &ldquo;Existing Fund&rdquo;
by written notice from Employer to Employee).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.1pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.1pt; text-align: justify">In connection with the execution
of the Prior Agreement, the Existing Funds established a new portfolio within the Existing Funds. That portfolio, which is currently
comprised of the investment positions listed on <B><U>Schedule I</U></B> attached hereto (such positions, and all other Securities
issued by any issuer of such positions, whether now owned or hereafter acquired, the &ldquo;Existing Sargon Positions&rdquo;),
is referred to herein as the &ldquo;Old Sargon Portfolio.&rdquo; The activities of the Old Sargon Portfolio were conducted under
the Prior Agreement, and will continue to be conducted under this Agreement, through the Existing Funds, but such activities will
be tracked as a separate portfolio. From the date hereof through 11:59 p.m. on March 31, 2013, all purchases, sales, hedges and
other transactions in or relating to the Existing Sargon Positions will be conducted and tracked under this Agreement solely within
the Old Sargon Portfolio.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.1pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.1pt; text-align: justify">In connection with the execution
of this Agreement, the Existing Funds are establishing a second portfolio within the Existing Funds. That portfolio, which will
be comprised of new investment positions to be established on or after the date hereof (the &ldquo;New Sargon Positions&rdquo;),
is referred to herein as the &ldquo;New Sargon Portfolio.&rdquo; The activities of the New Sargon Portfolio will be conducted under
this Agreement, through the Existing Funds, but such activities will be tracked as a separate portfolio. The investment scope of
the New Sargon Portfolio under this Agreement (the &ldquo;New Scope of Activity&rdquo;) is to invest in Securities of publicly
traded companies domiciled in the United States or Canada with (i) a class of Securities listed on either NYSE or NASDAQ and (ii)
a market capitalization of greater than $750 million and less than $10 billion (each a &ldquo;Qualified Issuer&rdquo;). Prior to
April 1, 2013, no transactions with respect to the Existing Sargon Positions will be conducted within the New Sargon Portfolio.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.1pt; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.1pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.1pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.1pt; text-align: justify">The Old Sargon Portfolio will
continue to be managed under this Agreement in accordance with the investment scope that governed the Old Sargon Portfolio under
the Prior Agreement: to invest in loans and securities of small capitalization publicly traded companies; being those with under
$2 billion in equity value (the &ldquo;Old Scope of Activity&rdquo;). The Old Scope of Activity has been incorporated into this
Agreement and will remain in effect with respect to the Old Sargon Portfolio until April 1, 2013, at which time the Existing Sargon
Positions, all proceeds thereof, and any other cash or other property in the Old Sargon Portfolio (excluding the co-investment
by High River in the Existing Sargon Positions) will be &ldquo;rolled into&rdquo; the New Sargon Portfolio. From and after April
1, 2013: (i) the Old Sargon Portfolio will cease to exist as a separate portfolio; and (ii) all purchases, sales, hedges and other
transactions relating to the Existing Sargon Positions will be conducted and tracked under this Agreement solely within the New
Sargon Portfolio and will be subject to the terms applicable to the New Sargon Portfolio, provided that the Existing Sargon Positions
(and any further transactions in Securities of the issuers of the Existing Sargon Positions) will not be required to be within
the New Scope of Activity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The New Sargon Portfolio and the Old Sargon
Portfolio are sometimes referred to herein collectively as &ldquo;Sargon.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On the date hereof, Employee and High River
Limited Partnership (&ldquo;High River&rdquo;) are also entering into a Co-Manager Agreement substantially similar to this Agreement
(the &ldquo;High River Agreement&rdquo;). Prior to April 1, 2013, no transactions with respect to the Existing Sargon Positions
will be covered by the High River Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">NOW THEREFORE, in consideration of the
premises and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto,
desiring to be legally bound, hereby agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">1.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>Termination
of Prior Relationships</U></B>. <FONT STYLE="font-weight: normal; font-style: normal">Employee acknowledges and agrees that except
for: (i) his right under any indemnity agreement or indemnity obligation now existing; and (ii) the rights of Employee expressly
set forth in this Agreement and the High River Agreement, Employee has no other contracts, agreements, rights, partnership or
membership interests, profit rights or participations, or claims, against or relating to, any of the Employer or the Existing
Funds of any kind or character, direct or indirect and any and all such contracts, agreements, rights, partnership or membership
interests, profit rights or participations, and claims, if any, are hereby terminated, waived and released in all respect and
are and shall be null and void and have no force or effect.</FONT> <B>In particular, Employee is not entitled to any past or future
base salary or bonus, and is not entitled to receive any salary or bonus in respect of the services he is to provide hereunder
or any other payment or compensation, other than as expressly set forth in: (a) Section 4(i) of this Agreement (including <U>Schedule
III</U> attached hereto); and (b) Section 5 of each of this Agreement and the High River Agreement.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Employment/Title/Benefits</U>.</B>
Subject to the terms of this Agreement, Employer (together with High River, as set forth in the High River Agreement) hereby employs
Employee to perform the duties described in Section 3(b) below, and Employee hereby accepts such employment. Employee&rsquo;s title
shall be &ldquo;Portfolio Manager&rdquo; of Sargon. Until such time as Employee is no longer employed by Employer hereunder, so
long as Employer makes such benefits available to its senior executives, Employee shall be entitled to the following (it being
understood and agreed that the following items are stated in the aggregate and are to be provided jointly by the Employer and High
River): (i) vacation annually in accordance with the policies of the Employer; (ii) Employee (together with his spouse and eligible
children) shall be entitled to participate in the health insurance (medical, vision and dental) in which he is currently participating;
and (iii) Employee shall be entitled to participate in the Employer&rsquo;s group term life insurance plan (basic life with a maximum
benefit of $100,000) (but Employee will not participate in disability coverage) ((i), (ii) and (iii), collectively, the &ldquo;Benefit
Program&rdquo;). Employer will pay that portion of the cost of coverage under the Benefit Program that would typically be paid
by Employee (the aggregate amount of all such payments, the &ldquo;Total Benefit Payments&rdquo;). The Total Benefit Payments will
be satisfied by the Employer and High River will reimburse the Employer for 20% of the cost of the Total Benefit Payments. All
such payments by Employer shall be treated as includable in Employee&rsquo;s gross income.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -35.95pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -35.95pt">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Term
and Duties</U></B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-weight: normal; font-style: normal">(a)
<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Term</U>.
The term of employment will begin on the Execution Date and will end at 11:59 P.M. on July 31, 2016 unless such employment ceases
earlier for any reason (see Section 8) (whether (i) terminated for Cause; (ii) terminated without Cause; (iii) due to death or
disability; (iv) due to termination of Sargon; (v) terminated under Section 8(i) within 30 days following a Key Man Event; or
(vi) by action of Employee such as resignation or retirement). For all purposes under this Agreement &ldquo;Term&rdquo; shall
mean the period beginning on the Execution Date and continuing through the last day of Employee&rsquo;s employment hereunder.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT><U>Duties</U>.
Employee will act as Co-Manager of Sargon, subject to and in accordance with the terms and provisions of this Agreement. In that
capacity Employee will act and be responsible as a fiduciary to and on behalf of, Employer and the Existing Funds.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#9;</FONT><U>Certain Positions</U>. During the Term, except for his responsibilities relating to Sargon, Employee shall not be
required to perform any services for, or serve as an officer or director of any subsidiary of any member of the Icahn Group, and
hereby resigns from any such positions he now holds. For the avoidance of doubt, the Employee shall resign from the board of directors
of Federal-Mogul Corporation but shall remain on the boards of directors of Mentor Graphics Corporation, The Hain Celestial Group,
Inc., WebMD Health Corp. and any other company in which Sargon has or acquires an investment and to whose board of directors the
Employee is or may in the future be elected or appointed. So long as Employee remains employed by any member of the Icahn Group
and at all times thereafter, Employee agrees that he will: (a) not resign as a director of any such company, and that he will continue
to accept ongoing appointments and election to such boards for a period of 2 years following the last day of his employment by
any person or entity included in the Icahn Group; and (b) resign from any such positions within five (5) business days following
the request of Employer that he do so.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -35.95pt">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Sargon</U>.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Sargon
Operations</U>. With respect to the New Sargon Portfolio, Sargon may, pursuant to this Agreement, (i) purchase or sell only Securities
issued by Qualified Issuers and (ii) not purchase (measured by aggregate purchase basis &ndash; i.e., disregarding any appreciation
or depreciation) more than $240 million of Securities of any single Qualified Issuer (for purposes of this calculation, derivatives
such as options will be measured by &ldquo;notional exposure&rdquo; as opposed to premium paid). With respect to the Old Sargon
Portfolio, prior to April 1, 2013 (i.e., the date that the Old Sargon Portfolio (excluding the co-investment by High River in the
Existing Sargon Positions) will be &ldquo;rolled into&rdquo; the New Sargon Portfolio, at which time the Old Sargon Portfolio will
cease to exist and the Existing Sargon Positions will be managed within the New Sargon Portfolio pursuant to the foregoing sentence),
Sargon may, pursuant to this Agreement, (i) conduct transactions only with respect to the Existing Sargon Positions and (ii) not
conduct any transactions with respect to the Existing Sargon Positions unless such transactions comply with the investment parameters
set forth on <B><U>Schedule II</U></B> attached hereto (it being understood and agreed that such investment parameters are identical
to Sections 4(b) and 4(c) of the Prior Agreement) (the &ldquo;Existing Parameters&rdquo;). Sargon may not at any time during the
Term have positions in more than fifteen (15) different companies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Investments that satisfy
all of the requirements set forth in the foregoing paragraph are referred to herein as &ldquo;Permitted Investments.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The parties understand,
acknowledge and agree that (i) except as set forth on <B><U>Schedule I</U></B> attached hereto, the First Profit Sharing Payment
(as defined in Section 4(i) below) shall not take into account any co-investment by High River in Existing Sargon Positions prior
to April 1, 2013 and (ii) the Second Profit Sharing Payment shall take into account any appreciation or depreciation in the market
value of the Existing Sargon Positions (excluding the co-investment by High River in the Existing Sargon Positions) only between
April 1, 2013 and the Final Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Unless the Employer
and each of the Co-Managers shall have consented in writing, except as set forth in the following paragraph and in Section 4(b)
[<U>Decision Making</U>] below: (a) Sargon shall not purchase or sell any Securities of an issuer the Securities of which are held
from time to time by the Employer or its Affiliates outside of Sargon (it being understood and agreed that a denial by the Employer
of any request by one or both of the Co-Managers to have Sargon purchase or sell Securities of an issuer the Securities of which
are held by the Employer or its Affiliates outside of Sargon shall not count as, or be deemed to be, an Employer New Investment
Rejection, an Employer Existing Investment Rejection, an Employer Sale Rejection or an Employer Hedge Rejection, or otherwise constitute,
contribute to, or be counted toward the determination of, a Terminating Event for purposes of this Agreement); and (b) neither
the Employer nor its Affiliates shall purchase or sell outside of Sargon any Securities of an issuer the Securities of which are
held from time to time in Sargon. For the avoidance of doubt, the Employer and its Affiliates shall not be restricted in any manner
with respect to their hedging activities (i.e., any hedging transactions, whether or not they meet the definition of a &ldquo;Permitted
Hedge&rdquo; and whether or not they are also being conducted within Sargon, may be conducted by the Employer and its Affiliates
outside of Sargon).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Notwithstanding the
foregoing or any other provisions of this Agreement (including those in Section 4(b) [<U>Decision Making</U>] below):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in"><FONT STYLE="color: black">(1)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Employer and its Affiliates shall be permitted to
conduct transactions outside of Sargon with respect to any issuer the Securities of which are held in Sargon if, but only if: (i)
on the date (x) the Employer approved the proposal by the Co-Managers for Sargon to begin purchasing Securities of such issuer
or (y) the Co-Managers approved the proposal by the Employer for Sargon to begin purchasing Securities of such issuer (in either
case, the &ldquo;Approval Date&rdquo;), the issuer had a market capitalization of greater than $3.5 billion; and (ii) within 90
days following the Approval Date, Sargon has not acquired at least 5% of the outstanding shares of common stock of such issuer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in"><FONT STYLE="color: black">(2)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The phrase &ldquo;Securities of an issuer the Securities
of which are held from time to time by the Employer or its Affiliates outside of Sargon&rdquo; in clause (a) of the foregoing paragraph
shall be deemed to include Securities issued by any issuer (i) listed from time to time on the &ldquo;watchlist&rdquo; maintained
by the Chief Compliance Officer of the Employer (whether or not the Employer or its Affiliates own any position in such issuer)
or (ii) which operates in an industry in which the Employer or its Affiliates from time to time beneficially own more than 50%
of the voting stock (or have nominated more than 50% of the members of the board of directors), directly or indirectly, of an issuer
engaged, directly or indirectly, in an active operating business (as of the date hereof, such industries would include automotive
parts and services, casinos and gaming, fertilizer production, food packaging, home textiles and fashion, metal scrap processing,
petroleum refining and marketing, railcar manufacturing and servicing, telecommunications services, etc.) (i.e., Sargon may not
purchase or sell any Securities of any such issuer and a denial by the Employer of any request by one or both of the Co-Managers
to have Sargon purchase or sell any Securities of any such issuer shall not count as, or be deemed to be, an Employer New Investment
Rejection, an Employer Existing Investment Rejection, an Employer Sale Rejection or an Employer Hedge Rejection, or otherwise constitute,
contribute to, or be counted toward the determination of, a Terminating Event for purposes of this Agreement).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Decision Making</U>. Sargon will be operated by the Co-Managers.
All activities of Sargon will require the approval of <U>both</U> Co-Managers. All investment decisions of Sargon will require
joint written approval of both Co-Managers, given in email format to the Chief Compliance Officer of the Existing Funds. As with
all investments by the Existing Funds, the investment strategy of Sargon will be set and led by the Employer, and each of David
Schechter and Brett Icahn will continue to report to the Employer with respect to Sargon. The Employer will maintain oversight
of, and have the power and authority to direct and control the activities of, Sargon. In particular, prior to making any purchase
or sale of Securities, or taking any other action, that would result in or require any 13D filing or Hart Scott filing, or any
other filing that would disclose a position publicly, the Co-Managers are required to review that particular purchase or sale
or other event with the Employer and must obtain the Employer&rsquo;s approval (which approval shall not be unreasonably withheld
by the Employer) before making any such purchase or sale or taking any such action (it being understood and agreed that the <U>content</U> of any 13D filing, Hart Scott filing, other regulatory filing or any other public statement regarding any position held in
Sargon &ndash; including any press release, letter or other document that may be issued or required to be filed as an exhibit
to any filing &ndash; shall be acceptable to the Employer in its sole and absolute discretion).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Without limiting the
general provisions set forth in the preceding paragraph, the parties agree that the following more specific procedures shall govern
the decision making process during the Term.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">At any time and from
time to time during the Term, (a) the Co-Managers may propose to the Employer investments or hedges or sales of Securities that
the Co-Managers desire Sargon to pursue (for the avoidance of doubt, each such proposal must be made jointly by both Co-Managers)
and (b) the Employer may propose to the Co-Managers investments or hedges or sales of Securities that the Employer desires Sargon
to pursue.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Proposals by the Employer to the Co-Managers
</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="color: black">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With respect to any purchase proposed by the Employer
to the Co-Managers of Securities issued by an issuer with respect to which Sargon does not at that time have any position (i.e.,
a &ldquo;new name&rdquo;) (it being understood and agreed that Employer has no obligation to make any such proposals and may pursue
any such transactions outside of Sargon in its sole and absolute discretion):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in"><FONT STYLE="color: black">(1)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If, prior to the time that the Employer or its Affiliates
have purchased or sold any Securities of such issuer, (x) the Co-Managers have elected that Sargon shall purchase Securities of
such issuer and (y) Sargon has actually purchased or sold Securities of such issuer, then any purchase or sale of such issuer&rsquo;s
Securities shall be conducted by Sargon (and may not be conducted by the Employer or its Affiliates outside of Sargon) and shall
be deemed to be a &ldquo;Permitted Investment&rdquo; (whether or not such purchase or sale or issuer meets any or all of the requirements
of such definition), and shall otherwise be subject to all of the other terms of this Agreement (including, without limitation,
Section 5 &ndash; i.e., each purchase and sale of such issuer&rsquo;s Securities will be taken into account in calculating the
Second Profit Sharing Payment).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in"><FONT STYLE="color: black">(2)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If, prior to the time that (x) the Co-Managers have elected
that Sargon shall purchase Securities of such issuer and (y) Sargon has actually purchased or sold Securities of such issuer, the
Employer or its Affiliates have purchased or sold any Securities of such issuer, then any purchase or sale of such issuer&rsquo;s
Securities may continue to be conducted by the Employer or its Affiliates outside of Sargon at any time and from time to time and,
for the remainder of the Term, such issuer&rsquo;s Securities shall no longer be a permissible investment for Sargon under this
Agreement (for the avoidance of doubt, the Employer shall not cause Sargon to purchase or sell any of such issuer&rsquo;s Securities
within Sargon without the prior written consent of the Co-Managers).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="color: black">(ii) </FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With
respect to any transaction, other than a transaction contemplated in Section 4(b)(i) above, proposed by the Employer to the
Co-Managers for execution within the New Sargon Portfolio (including (a) any purchase of Securities of an issuer with respect
to which the New Sargon Portfolio does at that time have a position (i.e., an &ldquo;existing name&rdquo;), (b) any hedge
(which shall include the covering of any short position), and (c) any sale of Securities held in the New Sargon
Portfolio):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in"><FONT STYLE="color: black">(1)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Co-Managers elect that the New Sargon Portfolio
shall pursue such transaction, then such transaction shall be conducted by the New Sargon Portfolio and shall be deemed to be a
&ldquo;Permitted Investment&rdquo; or a &ldquo;Permitted Hedge,&rdquo; as applicable (whether or not such transaction meets any
or all of the requirements of such definitions), and shall otherwise be subject to all of the other terms of this Agreement (including,
without limitation, Section 5 &ndash; i.e., such transactions will be taken into account in calculating the Second Profit Sharing
Payment).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in"><FONT STYLE="color: black">(2)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Co-Managers elect that the New Sargon Portfolio
shall not pursue such transaction then the Employer agrees that (a) it shall not cause the New Sargon Portfolio to execute such
transaction and (b) the Employer and its Affiliates may not (in the case of a proposed transaction in an existing name in the New
Sargon Portfolio) execute any transaction with respect to such issuer&rsquo;s Securities outside of Sargon. The Employer understands,
acknowledges and agrees that its only recourse in the event that the Co-Managers elect that the New Sargon Portfolio not pursue
any such transaction proposed by the Employer would be to terminate this Agreement (in which case the Employer would be free to
engage, or to cause Sargon to engage, in any transaction).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Proposals by the Co-Managers to the
Employer </U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="color: black">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With respect to any purchase proposed by the Co-Managers
to the Employer of Securities of an issuer with respect to which Sargon does not at that time have any position (i.e., a &ldquo;new
name&rdquo;):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in"><FONT STYLE="color: black">(1)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Employer elects, within one (1) business day following
receipt of such proposal, that Sargon shall purchase Securities of such issuer, then any transaction with respect to such issuer&rsquo;s
Securities shall be conducted by Sargon and shall be deemed to be a &ldquo;Permitted Investment&rdquo; (whether or not such transaction
or issuer meets any or all of the requirements of such definition), and shall otherwise be subject to all of the other terms of
this Agreement (including, without limitation, Section 5 &ndash; i.e., each transaction with respect to such issuer&rsquo;s Securities
will be taken into account in calculating the Second Profit Sharing Payment); provided, however, that if Sargon does not purchase
or sell Securities of such issuer within one (1) business day following such election, then such issuer shall be deemed to have
been abandoned by the Co-Managers (a &ldquo;New Name Abandonment&rdquo;) and any transaction with respect to such issuer&rsquo;s
Securities may be pursued by the Employer or its Affiliates outside of Sargon pursuant to the terms of the immediately following
clause (2).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in"><FONT STYLE="color: black">(2)
</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Employer elects, within one (1) business day following
receipt of such proposal, that Sargon shall not purchase such Securities, or if the Employer does not make any election within
such 1-business day period (in either case, an &ldquo;Employer New Investment Rejection&rdquo; &ndash; it being understood and
agreed that the rejection by the Employer of, or the failure of the Employer to make an election with respect to, any proposed
purchase of Securities that was not a Permitted Investment shall not be deemed to be an Employer New Investment Rejection), then
(a) Sargon shall not purchase any Securities of such issuer and (b) if, but only if, the proposed investment was a Permitted Investment,
the Employer and its Affiliates may not purchase any Securities of such issuer outside of Sargon at any time during the Term,
unless (x) the Employer has first proposed to the Co-Managers that a purchase of Securities of such issuer be executed within
Sargon and (y) the Co-Managers have not, within one (1) business day following receipt of such proposal, elected that Sargon shall
purchase Securities of such issuer (i.e., it is the express understanding of the parties that the Employer shall be permitted
to reject, or purposefully fail to make an election with respect to, any proposed investment that is not a Permitted Investment
and then pursue such investment outside of Sargon). If a New Name Abandonment shall have occurred pursuant to clause (1) above,
then any purchase or sale of Securities of such issuer and its affiliates may be conducted by the Employer or its Affiliates outside
of Sargon at any time and from time to time; provided, however, that at any time prior to the first purchase of such issuer&rsquo;s
Securities by the Employer or its Affiliates, the Co-Managers may again propose, in accordance with the procedures set forth in
this Section 4(b)(iii), that a purchase of such issuer&rsquo;s Securities be conducted within Sargon.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="color: black">(iv)
</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With respect to any purchase (which shall include for the purposes of this
subsection the exercise of any options then held by Sargon) proposed by the Co-Managers to the Employer of Securities of an issuer
with respect to which Sargon does at that time have a position (i.e., an &ldquo;existing name&rdquo;):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in"><FONT STYLE="color: black">(1)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Employer elects, within one (1) business day following
receipt of such proposal, that Sargon shall purchase such Securities, then such purchase shall be conducted by Sargon and shall
be deemed to be a &ldquo;Permitted Investment&rdquo; (whether or not such purchase or issuer meets any or all of the requirements
of such definition), and shall otherwise be subject to all of the other terms of this Agreement (including, without limitation,
Section 5 &ndash; i.e., such purchase will be taken into account in calculating the Second Profit Sharing Payment); provided, however,
that if Sargon does not purchase such Securities within one (1) business day following<SUP>1</SUP> such election, then such purchase
shall be deemed to have been abandoned by the Co-Managers (an &ldquo;Existing Name Abandonment&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in"><FONT STYLE="color: black">(2)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Employer elects, within one (1) business day following
receipt of such proposal, that Sargon shall not purchase such Securities, or if the Employer does not make any election within
such 1-business day period (in either case, an &ldquo;Employer Existing Investment Rejection&rdquo; &ndash; it being understood
and agreed that the rejection by the Employer of, or the failure of the Employer to make an election with respect to, any proposed
purchase of Securities that was not a Permitted Investment shall not be deemed to be an Employer Existing Investment Rejection),
or if an Existing Name Abandonment shall have occurred pursuant to clause (1) above, then (a) Sargon shall not purchase such Securities
and (b) the Employer and its Affiliates may not purchase or sell any Securities of such issuer outside of Sargon.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 0; margin-bottom: 0"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 25%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><SUP>1</SUP> For purposes of this Agreement,
&ldquo;one (1) business day following&rdquo; means by 10:00 a.m. EST on the second (2<SUP>nd</SUP>) business day following the
day on which a notice is given (e.g., if a notice is given on a Monday (whether or not such Monday is a business day), then an
election could be made until 10:00 a.m. EST on Wednesday, and if such Wednesday was not a business day, then such election could
be made until 10:00 a.m. EST on Thursday).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="color: black">(v)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With respect to any hedge (which shall include the covering
of any short position) proposed by the Co-Managers to the Employer:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in"><FONT STYLE="color: black">(1)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Employer elects, within one (1) business day following
receipt of such proposal, that Sargon shall pursue such hedge, then such hedge shall be conducted by Sargon and shall be deemed
to be a &ldquo;Permitted Hedge&rdquo; (whether or not such hedge meets any or all of the requirements of such definition), and
shall otherwise be subject to all of the other terms of this Agreement (including, without limitation, Section 5 &ndash; i.e.,
such hedge will be taken into account in calculating the Second Profit Sharing Payment); provided, however, that if Sargon does
not begin execution of such hedge within one (1) business day following such election, then such hedge shall be deemed to have
been abandoned by the Co-Managers (a &ldquo;Hedge Abandonment&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in"><FONT STYLE="color: black">(2)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Employer elects, within one (1) business day following
receipt of such proposal, that Sargon shall not pursue such hedge, or if the Employer does not make any election within such 1-business
day period (in either case, an &ldquo;Employer Hedge Rejection&rdquo; &ndash; it being understood and agreed that the rejection
by the Employer of, or the failure of the Employer to make an election with respect to, any proposed hedge that was not a Permitted
Hedge shall not be deemed to be an Employer Hedge Rejection), or if a Hedge Abandonment shall have occurred pursuant to clause
(1) above, then (a) Sargon shall not execute such hedge and (b) the Employer agrees that it shall not cause Sargon to execute such
hedge.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="color: black">(vi)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With respect to any sale proposed by the Co-Managers
to the Employer of Securities held in Sargon:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in"><FONT STYLE="color: black">(1)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Employer elects, within one (1) business day following
receipt of such proposal, that Sargon shall pursue such sale of Securities, then such sale of Securities shall be conducted by
Sargon and shall be subject to all of the terms of this Agreement (including, without limitation, Section 5 &ndash; i.e., such
sale of Securities will be taken into account in calculating the Second Profit Sharing Payment); provided, however, that if Sargon
does not begin execution of such sale of Securities within one (1) business day following such election, then such sale of Securities
shall be deemed to have been abandoned by the Co-Managers (a &ldquo;Sale Abandonment&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in"><FONT STYLE="color: black">(2)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Employer elects, within one (1) business day following
receipt of such proposal, that Sargon shall not pursue such sale of Securities (an &ldquo;Employer Sale Rejection&rdquo;), or if
a Sale Abandonment shall have occurred pursuant to clause (1) above, then (a) Sargon shall not execute such sale of Securities
and (b) the Employer agrees that it shall not cause Sargon to execute such sale of Securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Consequences of Employer Rejections
</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="color: black">(vii)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;While the Employer may exercise any number of (a) Employer
New Investment Rejections, Employer Existing Investment Rejections and/or Employer Sale Rejections, without limit, the fourth (4<SUP>th</SUP>)
occurrence of any combination of the foregoing with respect to the New Sargon Portfolio (such fourth occurrence, an &ldquo;Investment
Default&rdquo;), unless waived by the Employee, will constitute a Terminating Event for purposes of this Agreement, and (b) Employer
Hedge Rejections, without limit, the fourth (4<SUP>th</SUP>) occurrence of an Employer Hedge Rejection with respect to the New
Sargon Portfolio (such fourth occurrence, a &ldquo;Hedge Default&rdquo;), unless waived by the Employee, will constitute a Terminating
Event for purposes of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Notwithstanding the
foregoing:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in"><FONT STYLE="color: black">(1) </FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
on any date during the Term (the &ldquo;Trigger Date&rdquo;) there is (x) $400 million or less of Invested Capital (as
defined below) and Losses (as defined below) since the Measuring Date (as defined below) exceed $80 million or (y) more than
$400 million of Invested Capital and Losses since the Measuring Date (as defined below) exceed 20% of the amount of Invested
Capital, then beginning on the Trigger Date and ending one year after the Break-Even Date (as defined below): (a) no
rejection by the Employer of any investment, sale, hedge or other transaction proposed by the Co-Managers with respect to
Sargon shall count as, or be deemed to be, an Employer New Investment Rejection, an Employer Existing Investment Rejection,
an Employer Sale Rejection or an Employer Hedge Rejection, or otherwise constitute, contribute to, or be counted toward the
determination of, a Terminating Event for purposes of this Agreement; and (b) the Employer may cause Sargon to sell some or
all of any Sargon positions and/or to make additional purchases of any existing Sargon positions and/or to increase or
decrease any existing hedges (it being understood and agreed that the Employer may not cause Sargon to purchase any new names
or establish any new hedges during such period). For the avoidance of doubt, there may be multiple Trigger Dates, Measuring
Dates and Break-Even Dates during the Term.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">The term &ldquo;Invested Capital&rdquo; shall mean, on any date during the Term,
the amount of Original Capital (as defined in Section 4(d) below) on a notional basis (i.e., total exposure) that has
been invested in long positions by Sargon from the Inception Date through and including such date. The amount of Invested
Capital shall not take into account: (i) any appreciation or depreciation in Sargon investments; (ii) any cash or other
proceeds realized from selling Sargon investments &ndash; i.e., Invested Capital shall be deemed to be permanently
outstanding; or (iii) the market value of the Existing Sargon Positions (or the co-investment by High River in the Existing
Sargon Positions); provided, however, that on April 1, 2013, the market value of the Existing Sargon Positions that are
&ldquo;rolled into&rdquo; the New Sargon Portfolio on such date (excluding the co-investment by High River in the Existing
Sargon Positions) shall be added to the amount of Invested Capital. With respect to each purchase of a long position by
Sargon, all cash proceeds previously received from the sale of Sargon long positions shall be deemed &ldquo;used&rdquo; to
fund such purchase before any amount of Original Capital shall be classified as &ldquo;Invested Capital.&rdquo; For example,
assuming that (i) Sargon purchases a $100 million long position on the Inception Date, (ii) Sargon thereafter sells a portion
of that position and receives $50 million of cash proceeds, (iii) Sargon thereafter establishes a $25 million short position,
and (iv) Sargon thereafter posts $10 million in cash to establish a $100 million long derivative position (the amount deemed
&ldquo;invested&rdquo; being $100 million in such case), the amount of &ldquo;Invested Capital&rdquo; would be $150 million
(i.e., (a) the notional value of the short position and the proceeds collected would be ignored, (b) the $50 million of sale
proceeds would be deemed to have been used first to fund a portion of the $100 derivative purchase and (c) the remaining $50
million would be deemed to have come from Original Capital).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The term &ldquo;Losses&rdquo; shall mean,
on any date during the Term, the aggregate amount of net realized and unrealized losses (which shall be marked to market on a daily
basis) of the Existing Funds with respect to the New Sargon Portfolio from the Measuring Date through and including such date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The term &ldquo;Break-Even Date&rdquo;
shall mean the date on which the Existing Funds shall have recovered all Losses, without taking into account the Hurdle set forth
in Section 5 (i.e., the first date following a Trigger Date on which the amount of Losses shall be zero).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The term &ldquo;Measuring Date&rdquo; shall
initially mean the Inception Date. However, if a Trigger Date occurs, then the Measuring Date shall be the Break-Even Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in"><FONT STYLE="color: black">(2)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Employer waives the restriction in Section 4(a)
above stating that Sargon may not purchase more than $240 million of Securities of any single Qualified Issuer, then, from and
after the time that more than $240 million is so purchased, the Employer may reject any investment proposed by the Co-Managers
relating to that Qualified Issuer and none of such rejections shall count as, or be deemed to be, an Employer New Investment Rejection
or an Employer Existing Investment Rejection, or otherwise constitute, contribute to, or be counted toward the determination of,
a Terminating Event for purposes of this Agreement (it being understood and agreed that rejections by the Employer of sales of
Securities or Permitted Hedges proposed by the Co-Managers with respect to such Qualified Issuer could give rise to Employer Sale
Rejections or Employer Hedge Rejections).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in"><FONT STYLE="color: black">(3)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding any provisions to the contrary contained
herein, the Employer and the Employee agree that, with respect to any particular issuer, if at any time there occurs an Employer
New Investment Rejection, an Employer Existing Investment Rejection, an Employer Sale Rejection or an Employer Hedge Rejection
with respect to such issuer, then following such time no rejection by the Employer of any proposal by the Co-Managers relating
to such issuer shall be deemed to be an Employer New Investment Rejection, an Employer Existing Investment Rejection, an Employer
Sale Rejection or an Employer Hedge Rejection, or otherwise constitute, contribute to, or be counted toward the determination of,
a Terminating Event for purposes of this Agreement (i.e., there can never be counted more than one Employer New Investment Rejection,
Employer Existing Investment Rejection, Employer Sale Rejection or Employer Hedge Rejection per issuer, regardless of the actual
number of such rejections).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in"><FONT STYLE="color: black">(4)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding any provisions to the contrary contained
herein, the Employer and the Employee agree that no rejection by the Employer of any purchase or sale of Securities proposed by
the Co-Managers that would result in Sargon having positions in more than fifteen (15) different companies shall count as, or be
deemed to be, an Employer New Investment Rejection or otherwise constitute, contribute to, or be counted toward the determination
of, a Terminating Event for purposes of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in"><FONT STYLE="color: black">(5)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding any provisions to the contrary contained
herein, the Employer and the Employee agree that no rejection by the Employer of any transaction proposed by the Co-Managers that
would result in a Legal Trigger (as defined below), either at the time of such transaction or with the passage of time or with
the giving of any notice, shall be deemed to be an Employer New Investment Rejection, an Employer Existing Investment Rejection,
an Employer Sale Rejection or an Employer Hedge Rejection, or otherwise constitute, contribute to, or be counted toward the determination
of, a Terminating Event for purposes of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The term &ldquo;Legal Trigger&rdquo; shall
mean any requirement that the Employer or any of its Affiliates or any issuer or third party make any filing, cross any threshold,
make any payment or repayment, issue any Securities, repurchase or offer to repurchase any Securities, accelerate the vesting of
any equity award, have any liability, or otherwise become subject to any obligation, regulation or restriction, under: (a) Regulation
13D, Section 16, Rule 144 or any other rule or regulation promulgated by the Securities and Exchange Commission; (b) any state
anti-takeover law (e.g., Section 203 of the Delaware General Corporation Law); (c) any regulation, rule, statute or other limitation
on ownership relating to a regulated industry (e.g., banking, energy, gaming, health care, insurance, liquor, telecommunications,
etc.); (d) ERISA or any rule promulgated by the PBGC; (e) Section 5881 of the Internal Revenue Code or any other rule, regulation
or statute requiring the payment of any excise tax; (f), the Hart-Scott-Rodino Act; (g) any poison pill, NOL preservation plan
or similar device; (h) any poison put provision, change of control provision, or any other similar provision under any bond indenture,
credit agreement or other document governing any indebtedness; (i) any change of control provision in any incentive compensation
plan, employment agreement, option agreement, restricted stock agreement, change of control agreement or similar plan or agreement
(e.g., golden parachute payments); or (j) any provision of any contract, plan, charter, bylaws or other document, or any federal
or state regulation, rule or statute, in either case similar to any of the foregoing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in"><FONT STYLE="color: black">(6)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the event that any rejection by the Employer of a
sale of Sargon Securities proposed by the Co-Managers would constitute an Employer Sale Rejection, the Employer may instead elect
to effect a Deemed Sale (as defined below), in which case (i) Sargon shall not sell such Securities and (ii) such rejection shall
not be deemed to be an Employer Sale Rejection or otherwise constitute, contribute to, or be counted toward the determination of,
a Terminating Event for purposes of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The term &ldquo;Deemed Sale&rdquo; shall
mean an election by the Employer, which must be communicated to the Co-Managers within 48 hours following a proposal by the Co-Managers
with respect to a sale of Sargon Securities, to have such Securities deemed &ldquo;sold&rdquo; to the Employer at a price equal
to either (at the option of the Employer) (i) the closing market price of such Securities on the date of the proposal (the &ldquo;Proposal
Date&rdquo;) or (ii) the 30-day VWAP, as calculated by Employer in a manner consistent with practices utilized by the Existing
Funds, of such Securities for the 30-day period beginning two (2) days following the Proposal Date. In the event of a Deemed Sale,
(i) such Securities will be deemed removed from either the Old Sargon Portfolio or the New Sargon Portfolio, as applicable, on
the date of the Deemed Sale (i.e., either the date of the proposal or the final day of the 30-day VWAP period) and (ii) from and
after such date, the Employer shall make available to the Old Sargon Portfolio or the New Sargon Portfolio, as applicable, an amount
in cash or cash equivalents equal to the deemed &ldquo;purchase price&rdquo; of such Securities (it being understood and agreed
that the foregoing provision is a mere notional calculation and that no actual &ldquo;sale&rdquo; for tax or other purposes shall
be deemed to have occurred as a result of such calculation).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2.5in"><FONT STYLE="color: black">(7)
</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Employer and the Employee agree that: (a) good faith disagreements
shall not be deemed to be Employer New Investment Rejections, Employer Existing Investment Rejections, Employer Sale Rejections
or Employer Hedge Rejections, or otherwise constitute, contribute to, or be counted toward the determination of, a Terminating
Event for purposes of this Agreement; and (b) a rejection by the Employer of any investment, hedge, sale or other matter proposed
by the Co-Managers that is not a bona fide proposal made in good faith by the Co-Managers to the Employer (in this regard, any
proposal made by a Co-Manager with the design, desire or purpose of eliciting a rejection from the Employer shall be deemed <U>not</U> to have been made in good faith) will not count as, or be deemed to be, an Employer New Investment Rejection, an Employer
Existing Investment Rejection, an Employer Sale Rejection or an Employer Hedge Rejection, or otherwise constitute, contribute
to, or be counted toward the determination of, a Terminating Event for purposes of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Process for Documenting Proposals, Elections,
Rejections, Etc. </U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="color: black">(viii)
</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All decisions relating to purchases or sales of Securities, hedges, regulatory
filings and any other matters concerning Sargon shall be made in a manner consistent with the protocol that was followed with
respect to the Prior Agreement as follows: (a) the Co-Managers shall discuss the matter with a designee of the Employer (the &ldquo;Employer
Designee&rdquo;), which, until further notice is provided by the Employer to the Employee, shall be Carl C. Icahn, the Chairman
of the Board of the Employer (the &ldquo;Chairman&rdquo;), and then one of the Co-Managers shall send an email to the following
people, informing them of the decision: the Chief Compliance Officer and the General Counsel of the Employer, the executive assistant
to the Chairman (currently Susan Gordon), and the other Co-Manager; (b) no verifying emails similar to those referenced in the
following paragraph shall be required; and (c) decisions with respect to the purchase of Securities do not need to be made and
communicated on a daily basis, but rather can be set as thresholds (e.g., &ldquo;approval was obtained to purchase up to $10 million
or 1 million shares of common stock of XYZ Company&rdquo;), it being understood and agreed that no such approval shall be deemed
to be a waiver of any provision of this Agreement (e.g., the restriction in Section 4(a) above stating that Sargon may not purchase
more than $240 million of Securities of any single Qualified Issuer) unless such waiver is documented in accordance with the protocol
set forth in the following paragraph (it being the desire of the parties that all major decisions relating to Sargon be documented
in accordance with the higher level of verification contemplated in the following paragraph in order to avoid disputes).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Notwithstanding the foregoing, no &ldquo;proposal,&rdquo;
&ldquo;election,&rdquo; &ldquo;rejection,&rdquo; &ldquo;abandonment&rdquo; or other decision or notice referred to above in this
Section 4(b) (each a &ldquo;Communication&rdquo;) shall give rise to an Employer New Investment Rejection, an Employer Existing
Investment Rejection, an Employer Sale Rejection or an Employer Hedge Rejection (i.e., no such Communication shall constitute,
contribute to, or be counted toward the determination of, a Terminating Event for purposes of this Agreement) unless, in each
case: (1) such Communication was initially effected and documented in accordance with the protocol set forth in the immediately
preceding paragraph (including written notice from the Co-Managers to the Employer stating that failure to agree with them will,
in their view, constitute an Employer New Investment Rejection, an Employer Existing Investment Rejection, an Employer Sale Rejection
or an Employer Hedge Rejection); (2) the Employer Designee has, in response to such written notice, replied that the Employer
nonetheless does not agree with the Co-Managers; <U>and</U> (3) the Chief Compliance Officer or the General Counsel shall have
confirmed such Communication with the Employer Designee and sent another email to Susan Gordon (or another individual designated
by Employer) and each of the Co-Managers confirming such disagreement and the fact that it constitutes an Employer New Investment
Rejection, an Employer Existing Investment Rejection, an Employer Sale Rejection or an Employer Hedge Rejection.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Staff</U>. The Co-Managers will not hire any new staff or enter into any third
party arrangements requiring payment by Employer or the Existing Funds without the prior consent of the Employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Sargon
Capital</U>. For purposes of tracking cash, profits, costs, etc. Sargon will be accounted for, hypothetically, as if it were a
separate entity, and cash and Securities made available for Sargon by the Existing Funds will be tracked as hypothetical advances
made by the Existing Funds to be repaid by Sargon, all as contemplated below in this clause (d) and in clause (e) of this Section
4. References below in this clause (d) and in clause (e) to amounts that &ldquo;Sargon will have access to&rdquo;, &ldquo;capital&rdquo;,
&ldquo;funded&rdquo;, &ldquo;drawn down&rdquo;, &ldquo;additional capital&rdquo;, &ldquo;made available&rdquo;, &ldquo;allocated&rdquo;,
&ldquo;outstanding&rdquo; &ldquo;holdings&rdquo;, &ldquo;investments&rdquo; &ldquo;paid&rdquo;, &ldquo;repaid&rdquo;, and to &ldquo;costs&rdquo;
&ldquo;expenses&rdquo;, &ldquo;trading commissions&rdquo;, &ldquo;hedge and leverage&rdquo; and the like are all set forth for
the purpose of hypothetically tracking and accounting for such items within Sargon as if it were a separate entity. All of the
matters referred to in this Section 4 will be tracked by and accounted for by Employer whose determination, calculation, allocation
and treatment of all such matters, and all other matters necessary for, or related to, the implementation of the arrangements
generally described in this Section 4 will be final and binding on all parties absent manifest error.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Sargon will have access
to an aggregate of up to $2.4 billion of cash and Securities (the &ldquo;Original Capital&rdquo;) &ldquo;funded&rdquo; by the Existing
Funds beginning on August 1, 2012 (the &ldquo;Inception Date&rdquo;) through the Final Date (as defined in Section 5 below). On
the Inception Date: (i) the Existing Funds will make available to the New Sargon Portfolio an aggregate amount of &ldquo;capital&rdquo;
equal to the Inception Amount (as defined below), which shall be managed in accordance with the New Scope of Activity; and (ii)
the Old Sargon Portfolio shall continue to be managed in accordance with the Old Scope of Activity and limited to the Original
Capital (as contemplated in Section 4(b) of the Prior Agreement). On April 1, 2013, the Existing Sargon Positions, all proceeds
thereof, and any other cash or other property in the Old Sargon Portfolio (excluding the co-investment by High River in the Existing
Sargon Positions) will be &ldquo;rolled into&rdquo; the New Sargon Portfolio. From and after April 1, 2013: (i) the Old Sargon
Portfolio will cease to exist as a separate portfolio; and (ii) all purchases, sales, hedges and other transactions relating to
the Existing Sargon Positions will be conducted and tracked under this Agreement solely within the New Sargon Portfolio and will
be subject to the terms applicable to the New Sargon Portfolio, provided that the Existing Sargon Positions (and any further transactions
in Securities of the issuers of the Existing Sargon Positions) will not be required to be within the New Scope of Activity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">As of the
close of business on the business day immediately preceding the Inception Date, the market value of the Existing Sargon Positions
(including any cash and other property in the Old Sargon Portfolio, but net of any margin indebtedness) (excluding the co-investment
by High River in the Existing Sargon Positions) was<B> </B>$<B>[&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;]</B> (the &ldquo;Reference
Amount&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">The term
&ldquo;Inception Amount&rdquo; shall mean $<B>[&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;]</B>, being the difference on
the Inception Date between $2.4 billion and the Reference Amount.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The parties understand, acknowledge and
agree that: (i) on April 1, 2013, the market value of the Existing Sargon Positions (including any cash and other property in the
Old Sargon Portfolio, but net of any margin indebtedness) that are &ldquo;rolled into&rdquo; the New Sargon Portfolio may be more
or less than the Reference Amount; and (ii) regardless of the market value of the Existing Sargon Positions as of April 1, 2013,
the Hurdle set forth in Section 5 below will be calculated using the sum of the Inception Amount and the Reference Amount (which
add to $2.4 billion).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Sargon Hedging and Leverage/Expenses</U>. The Old Sargon
Portfolio may &ldquo;hedge&rdquo; its positions with the approval of Employer, as Employer, in its sole and absolute discretion,
considers appropriate, in accordance with the Existing Parameters. The New Sargon Portfolio may &ldquo;hedge&rdquo; its positions
with the approval of Employer, as Employer, in its sole and absolute discretion, considers appropriate, utilizing: (i) futures
or options contracts referencing the S&amp;P 500 Index or the Russell 2000 Index; and/or (ii) equity securities (and derivatives
referencing such equity securities) issued by Qualified Issuers. Hedging transactions: (i) must correlate to long portfolio positions
(i.e., no speculative short sales or other trading will be permitted); and (ii) will be limited to $80 million of invested capital
on any individual position or index (including the S&amp;P 500 Index and the Russell 2000 Index). Without limiting the foregoing,
the New Sargon Portfolio may not at any time: (i) establish any position (whether long or short) having a notional value (i.e.,
total &ldquo;exposure&rdquo;) that exceeds the amount of cash and cash equivalents &ldquo;held&rdquo; in the New Sargon Portfolio
at such time; or (ii) be net short on a notional basis. If, as a result of price movements or otherwise, the New Sargon Portfolio
becomes net short on a notional basis, the Employer shall have the right from time to time to require the Co-Managers to reduce
hedges in an amount which, in the judgment of the Employer, is necessary to rectify such situation. For purposes of illustration,
if the New Sargon Portfolio has $3 billion of &ldquo;capital&rdquo; or &ldquo;assets&rdquo;: (i) $3 billion of long positions and
no short positions <U>would</U> be permissible; (ii) $2 billion of long positions and $1 billion of short positions <U>would</U>
be permissible; (iii) $1 billion of long positions and $2 billion of short positions would <U>not</U> be permissible; and (iv)
$4 billion of long positions and $3 billion of short positions would <U>not</U> be permissible. The foregoing examples assume $3
billion of &ldquo;capital&rdquo; or &ldquo;assets&rdquo;. As the amount of &ldquo;capital&rdquo; or &ldquo;assets&rdquo; increases
and decreases, the restriction will be adjusted accordingly (e.g., if there is $5 billion of &ldquo;capital&rdquo; or &ldquo;assets&rdquo;,
the New Sargon Portfolio may not have more than $5 billion of notional exposure; and if there is $1 billion of capital, the New
Sargon Portfolio may not have more than $1 billion of notional exposure). Hedges that satisfy all of the requirements set forth
in this Section 4(e) are referred to herein as &ldquo;Permitted Hedges.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Old Sargon Portfolio
may utilize margin or other types of borrowing only in accordance with the Existing Parameters. The New Sargon Portfolio may not,
without the consent of the Employer, utilize margin or any other types of borrowing; provided, however, that instruments with &ldquo;embedded
leverage&rdquo; (such as options and derivatives) shall be permissible and tracked on a notional basis (e.g., the cost of a call/put
option combo with the same strike price would be calculated as: net premium paid (i.e., call premium paid, minus put premium collected)
plus (quantity x strike price)). The foregoing restrictions shall not prevent the Employer or its Affiliates from obtaining margin
or other loans or otherwise using their positions (including any Securities &ldquo;held&rdquo; in Sargon), directly or indirectly,
as collateral for loans, all without any consent or approval of the Co-Managers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">No expenses (legal,
Hart-Scott, etc.) will be allocated to Sargon other than trading commissions, SEC fees relating to sales of Securities and all
costs associated with transactions in options, swaps and other derivatives (which trading commissions, SEC fees and derivatives
costs will be deemed to be &ldquo;expenses&rdquo; that are &ldquo;paid&rdquo; by, and reduce the value of Sargon and are thereby
taken into consideration for purposes of determining &ldquo;Profit&rdquo;) (further, the investment results of short sales, derivatives,
options, swaps, and payments thereon deemed to have occurred in Sargon, will be taken into account in determining &ldquo;Profit&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination of Sargon by Icahn Enterprises.</U> Employer
may, in its sole and absolute discretion, by written notice to the Chief Compliance Officer of the Existing Funds terminate Sargon
at any time and withdraw all assets deemed or treated as held therein, at which time Sargon shall, for all purposes, be deemed
to cease to exist and will no longer be deemed: (x) to be a hypothetical separate entity or portfolio; or (y) to hold, be allocated
or have access to, any assets or capital. Such termination will end the employment of Employee hereunder and the only rights of
Employee will be those accrued through the date of such termination as expressly set forth in Section 8 of this Agreement, and
Employee shall have no other rights, claims, power or privilege arising from or relating to such termination, based upon any matter,
fact or thing of any kind as character.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Trade Allocation.</U> &#9;Trade allocation of Sargon among
the various funds in the Existing Funds will be made as determined by Employer in its sole and absolute discretion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif"> </FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Continuation</U>.
In the event of the termination or liquidation of the Existing Funds or other cessation or elimination of the limited
partners (or limited partners other than members of the Icahn Group, their employees, agents, relatives or designees) as
investors in such funds (any of the foregoing an &ldquo;Elimination Event&rdquo;) the Employer may, at its option, either:
(i) continue to pursue any or all of the investments that remain following such Elimination Event, in which case all of the
terms and provisions of this Agreement will continue to apply <U>mutatis</U> <U>mutandis</U>, to such remaining investments
owned by Employer and its designated Affiliates, as if they are the &ldquo;Existing Funds&rdquo; and in such event Sargon
will continue and this Agreement will continue in full force and effect, and Employee will continue as an employee hereunder;
or (ii) Employer may exercise its rights under Section 4(f) to terminate Sargon.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Investment
by Employee</U>. Within 60 days following March 31, 2013, the Profit Sharing Payment due with respect to the Old Sargon Portfolio
(which shall, except as set forth on <B><U>Schedule I</U></B> attached hereto, be calculated as of 11:59 p.m. on March 31, 2013
in the same manner that was contemplated under Section 5 of the Prior Agreement, which is reproduced for convenience on <B><U>Schedule
III</U></B> attached hereto) (the &ldquo;First Profit Sharing Payment&rdquo;) (net of amounts necessary to satisfy all applicable
federal, state and city income taxes of Employee payable thereon) will be paid to the Employee and deposited into an escrow account
in the name of the Employee (the &ldquo;Escrow Account&rdquo;). The funds in the Escrow Account (i) will be administered in accordance
with an escrow agreement substantially in the form attached hereto as <B><U>Exhibit 1</U></B>, among the Employee, the Employer
and an escrow agent reasonably acceptable to both of them, (ii) will be invested only in U.S. Treasury money market funds (the
&ldquo;Approved Funds&rdquo;), (iii) will, except as provided in Section 8(c) below, earn a hypothetical return (which the Employee
acknowledges and agrees may be positive or negative) as if such funds were invested by the Employee in Sargon on the date of deposit
into the Escrow Account &ndash; i.e., such hypothetical return will be equal to the actual net rate of return earned by the Employer
from Sargon, taking into account the Hurdle and the payment of the Second Profit Sharing Payment,<SUP>2</SUP> during such period
(the &ldquo;Hypothetical Return&rdquo;) (the Hypothetical Return will not include any interest or other income relating to the
Approved Funds (&ldquo;Income&rdquo;)), (iv) will, except as provided in Section 8(c) below, be released (in an amount equal to
the original amount deposited, plus or minus the amount of the Hypothetical Return, but excluding any Income (such amount, the
&ldquo;Escrowed Amount&rdquo;)) to the Employee at the time that the Second Profit Sharing Payment (as defined in Section 5 below)
becomes due under this Agreement (or, if this Agreement is terminated without any Second Profit Sharing Payment becoming due,
at the time of such termination), (v) may not be withdrawn by the Employee, in whole or in part, during the Term, and (vi) may
not be pledged, directly or indirectly, by the Employee or the Employer as collateral for any loan. For the avoidance of doubt:
(a) any Income shall be the property of the Employer; (b) the Employer shall be responsible for all applicable taxes relating
to any Income; (c) any Income may be withdrawn by the Employer at any time or from time to time, in its sole and absolute discretion;
(d) from and after 12:00 a.m. on April 1, 2013,
the First Profit Sharing Payment shall be the property of the Employee (subject to the restrictions set forth in the Escrow Agreement),
whether or not such funds have yet to be deposited into the Escrow Account (such that, for example, if the Employee&rsquo;s employment
hereunder were to be terminated without Cause prior to such deposit, the Employee would still be entitled to receive the First
Profit Sharing Payment); and (e) notwithstanding the definition of &ldquo;Escrowed Amount&rdquo; set forth in Section 4(b)(i)(iv)
above, if the Employee&rsquo;s employment hereunder is terminated without Cause prior to 11:59 p.m. on March 31, 2013, the term
&ldquo;Escrowed Amount&rdquo; shall mean the Profit Sharing Payment due with respect to the Old Sargon Portfolio (which shall be
calculated as of the time of such termination in the same manner that was contemplated under Section 5 of the Prior Agreement),
without taking into account any Hypothetical Return (which amount shall not be deposited into the Escrow Account but rather delivered
to the Employee in the same manner that was contemplated under Section 5 of the Prior Agreement).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><SUP>&nbsp;</SUP></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><SUP></SUP></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><SUP>2</SUP> The parties agree that the
following illustrative examples shall govern the calculation of the Hypothetical Return (assuming a 1-year Term for simplicity):
(i) If the New Sargon Portfolio achieves a 10% gross return on $3 billion of capital for $300 million of profit, the Hurdle would
be $120 million and the Second Profit Sharing Payment due to the Co-Managers collectively from the Employer and High River would
be 15% of $180 million, or $27 million &ndash; so the Hypothetical Return that would be applied to the escrowed funds would be:
($300 million - $120 million - $27 million = $153 million) / $3 billion = 5.1% (i.e., if the escrowed funds were $5 million, such
amount would be increased by $255,000); (ii) if Sargon achieves a 4% gross return, no Second Profit Sharing Payment would be due
and the Hypothetical Return would be flat (i.e., the $5 million of escrowed funds would not be increased or decreased); (iii)
if Sargon achieves a 0% gross return, no Second Profit Sharing Payment would be due and the Hypothetical Return would be negative
4.0% (i.e., the $5 million of escrowed funds would be reduced by $200,000 to $4.8 million); and (iv) if Sargon achieves a 10%
loss, no Second Profit Sharing Payment would be due and the Hypothetical Return would be negative 14.0% (i.e., the $5 million
of escrowed funds would be reduced by $700,000 to $4.3 million).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">5.<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Profit Sharing</U></B>. Subject to the terms and provisions
of this Agreement, except in the event of the earlier termination of this Agreement by the Employer under Section 8(i) within 30
days following a Key Man Event, as of the date (the &ldquo;Final Date&rdquo;) which is the earlier of: (i) the date of the occurrence
of a Terminating Event or (ii) if Employee continues to be employed hereunder through 11:59 p.m. on July 31, 2016, then at 11:59
p.m. on July 31, 2016, Employee will be entitled to receive from Employer a one-time cash payment (the &ldquo;Second Profit Sharing
Payment&rdquo;) to be paid 60 days following the Final Date, equal to 7.5% of the Profit (as defined below), <U>minus</U> the Total
Benefit Payments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For the avoidance of doubt, Employee and
the Employer understand that pursuant to Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations and
other guidance thereunder (together, &ldquo;Code Section 409A&rdquo;), payment of the Second Profit Sharing Payment will be treated
as made upon the 60<SUP>th</SUP> day following the Final Date if the payment is made at such date or at a later date within the
same taxable year of Employee or, if later, by the 15<SUP>th</SUP> day of the third calendar month following the 60<SUP>th</SUP>
day following the Final Date, <I>provided however</I> that Employee shall not be permitted, directly or indirectly, to designate
the taxable year of the payment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;Profit&rdquo;
shall equal the amount, if any, by which the Gain (as defined below) exceeds the Hurdle (as defined below).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">The term
&ldquo;Gain&rdquo; shall mean the amount, if any, by which the market value, as calculated by Employer in a manner consistent with
practices utilized by the Existing Funds, of the New Sargon Portfolio (i.e., including all Securities and cash) on the Final Date
exceeds the sum of (i) the Inception Amount plus (ii) the market value of the Existing Sargon Positions (excluding the co-investment
by High River in the Existing Sargon Positions) as of 11:59 p.m. on March 31, 2013. <U>Notwithstanding the foregoing</U>, if the
Terminating Event giving rise to such calculation is either an Investment Default or a Hedge Default, then the term &ldquo;Gain&rdquo;
shall mean the amount, if any, by which the 90-day VWAP, as calculated by Employer in a manner consistent with practices utilized
by the Existing Funds, of the New Sargon Portfolio (i.e., including all Securities and cash) for the 90-day period immediately
following the Final Date exceeds the sum of (i) the Inception Amount plus (ii) the market value of the Existing Sargon Positions
(excluding the co-investment by High River in the Existing Sargon Positions) as of 11:59 p.m. on March 31, 2013.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">The term
&ldquo;Hurdle&rdquo; shall mean an amount equal to the sum of (i) a return on the Inception Amount from the Inception Date until
the Final Date, at a compounded annual rate of 4% per annum, plus (ii) a return on the Reference Amount from April 1, 2013 until
the Final Date, at a compounded annual rate of 4% per annum.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The parties agree that the &ldquo;Profit&rdquo;,
the &ldquo;Gain&rdquo; and the &ldquo;Hurdle&rdquo; will be calculated in accordance with the hypothetical examples attached hereto
as <B><U>Schedule IV</U></B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For all purposes, including the calculation
of &ldquo;Profit&rdquo;, if Employer or its Affiliates obtain beneficial ownership of 90% or more of the equity, whether through
tender offer, merger or otherwise, of any company that is an investment in Sargon, or if (as a result of actions taken by Employer
or its Affiliates) the Securities of such entity cease to be listed on an exchange or traded on a public market, then Sargon will
be deemed to have disposed of such equity investment at the last price paid by the Employer or its Affiliates for such security
to the public, with the proceeds thereof derived by Sargon, with the same effect as if such equity investment had been sold by
Sargon, and such equity investment shall cease to be part of, or to be included in, Sargon. In addition, at any time that Employer
and its Affiliates have beneficial ownership of Securities providing greater than 50% of the voting power of any entity, the Employer
may at any time, in its discretion, by written notice to the Chief Compliance Officer of the Existing Funds (each such notice,
a &ldquo;Transfer Election Notice&rdquo;), cause such Securities (including any portion thereof attributable to Sargon) to be transferred
to an Affiliate of Employer, in which event Employer will have the right to elect and shall elect in any such Transfer Election
Notice, either: (i) that the portion of such Securities attributable to Sargon prior to such transfer will continue to be treated
for all purposes of this Agreement as investments in Sargon; or (ii) that the portion of such Securities attributable to Sargon
prior to such transfer shall be deemed to have been sold, and shall cease to be part of Sargon for all purposes, and in the event
that the election contemplated in this clause (ii) is made, then Sargon shall be deemed for all purposes to have sold such Securities
in the market for an amount equal to the market value of such investment, as calculated by Employer in a manner consistent with
the practices utilized by the Existing Funds, and in the event of a Transfer Election Notice, the election specified in clause
(i) or (ii), as applicable, shall be implemented for all purposes of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Co-Managers are
not entitled to any payment or benefits on any profit, investment, position or transaction, that is made or occurs, or that is
deemed to have been made or to have occurred, outside Sargon, and only investments that are allocated to Sargon by Employer in
accordance with the terms of this Agreement shall be utilized for purposes of determining &ldquo;Profit&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -35.95pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -35.95pt">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Track
Record</U></B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Creation of Track Record</U>. After: (x) the Final Date (except
as set forth Section 6(b) and subject to the terms of Sections 6(c) and (d) and 7 below), if any; or (y) a termination of the employment
of Employee by the Employer under Section 8(i) within 30 days following a Key Man Event, if any; the Employee will have the right
to: (i) disclose the track record generated by Sargon (the &ldquo;Track Record&rdquo;) only to market a Permitted Fund (as defined
below); and (ii) to discuss activities related to Sargon investment positions (if, and only if, those positions have been publicly
disclosed but are not still held by the Existing Funds or their Affiliates on the Final Date) in order to market a Permitted Fund
(the matters contemplated in clauses (i) and (ii), collectively, the &ldquo;Covered Matters&rdquo;). Either Co-Manager may request
that a reputable third party provide an audit or attestation report of the Track Record, whose fees shall be paid by the owners
of any new management company that seeks to market off such Track Record.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 0.5in">(b) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Limitations
on Use</U>. Anything herein to the contrary notwithstanding, Employee will not, and will not have any right or license to, use,
employ, publish, market with, disclose or discuss, and is and will be prohibited from, using, employing, publishing, marking with,
disclosing or discussing the Covered Matters: (i) if his employment is terminated for Cause, or if he resigns other than by Permitted
Resignation; or (ii) at any time after such Employee becomes an employee, owner, director, advisor or consultant to an Investment
Fund or Management Company, or an Affiliate of an Investment Fund or Management Company, other than a vehicle owned (subject to
Section 7) and controlled by such Employee; it being the intent of the parties that if the Employee is to use the Track Record
he must do so only as his first business activity upon leaving the employ of Employer for the purpose of setting up his own new
hedge fund (a &ldquo;Permitted Fund&rdquo;) using the Track Record to market that Permitted Fund.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Limited
License</U>. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Employee recognizes, acknowledges, and agrees that
the Track Record is and shall be, for all purposes, the sole and exclusive property of Employer and the Icahn Group, and that any
ability of Employee to disclose or discuss the Track Record and any other Covered Matters constitutes a non-exclusive, non-transferable,
royalty-free license to do so solely in accordance with the terms of Section 6 and 7 of this Agreement and subject to the terms
of and conditions set forth in this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(d) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Employer
Review</U>. Employee agrees that any specific use or disclosure of the Covered Matters, both with respect to format and with respect
to content, will require the prior written consent of Employer, which will not be unreasonably withheld or delayed. Employee will
provide to Employer, at least 20 days prior to any such use or disclosure: (i) a copy of any written disclosure; and (ii) a general
script of any oral disclosure so as to provide a generalized understanding of the material to be presented orally, it being understood
by Employer that such oral communication will involve discussion and reply to questions that cannot be precisely scripted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Participation
in Management Co.</U> </B>Subject in all respects to Sections 7(k), 7(l) and 7(m) below:<B> </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Icahn Enterprises Participation.</U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
consideration of the agreements of Employer set forth in this Agreement, Employee hereby grants to Icahn Enterprises LP and its
subsidiaries (&ldquo;Icahn Enterprises&rdquo;) the irrevocable right and option: (i) to acquire any amount or amounts of limited
partnership interests (or equivalent interests) in any Investment Funds with which the Employee is or becomes Associated or Affiliated
(such amounts to be determined by Icahn Enterprises, and which may be invested from time to time in one or more of such Investment
Funds) and (ii) to become the owner, (without contributing any capital<FONT STYLE="font-size: 10pt"> </FONT>(other than, at the
option of Icahn Enterprises, an amount of capital necessary to assure its status as a partner for income tax purposes) to any general
partner or other managing entities or any other Person), of the Section 7 Percentage of any and all Management Companies formed
by, or otherwise in any way related to or associated with, Employee, his Affiliates or Associates, in any capacity, directly indirectly,
whether as an individual, investor, stockholder, partner, owner, equity owner, lender, agent, trustee, consultant, employee, advisor,
manager, franchisee (or in any other relationship or capacity). The parties understand and agree that in Section 7 of the High
River Agreement, High River has been granted a right of participation similar to those granted to Employer under this Section 7.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For the avoidance of doubt, it is the intention
of the parties that: (i) if both the Employee and the other Co-Manager have formed, or are or become Associated or Affiliated with,
the First Bona Fide Fund, then the aggregate investment by Icahn Enterprises and High River in such First Bona Fide Fund in order
to retain the aggregate 15% Section 7 Percentage (allocated between Icahn Enterprises and High River as contemplated herein) is
$20 million in the aggregate; and (ii) if the Employee but not the other Co-Manager has formed, or is or becomes Associated or
Affiliated with, the First Bona Fide Fund, then the aggregate investment by Icahn Enterprises and High River in such First Bona
Fide Fund in order to retain the aggregate 15% Section 7 Percentage (allocated between Icahn Enterprises and High River as contemplated
herein) is $10 million in the aggregate; the intention of the parties being that: (a) if the Employee and the other Co-Manager
form the First Bona Fide Fund together, then Icahn Enterprises and High River would be entitled to own and retain, if they make
an aggregate $20 million investment in the First Bona Fide Fund, aggregate 15% participations (allocated between Icahn Enterprises
and High River as contemplated herein) in the Management Companies relating to the First Bona Fide Fund, aggregate 15% participations
(allocated between Icahn Enterprises and High River as contemplated herein) in any and all other Management Companies formed by,
or otherwise in any way related to or associated with, Employee, and aggregate 15% participations (allocated between Icahn Enterprises
and High River as contemplated herein) in any and all other Management Companies formed by, or otherwise in any way related to
or associated with, the other Co-Manager; (b) if the Employee but not the other Co-Manager forms the First Bona Fide Fund (and
the other Co-Manager never forms a First Bona Fide Fund), then Icahn Enterprises and High River would be entitled to own and retain,
if they make an aggregate $10 million investment in that First Bona Fide Fund, aggregate 15% participations (allocated between
Icahn Enterprises and High River as contemplated herein) in the Management Companies relating to the First Bona Fide Fund, and
aggregate 15% participations (allocated between Icahn Enterprises and High River as contemplated herein) in any and all other Management
Companies formed by, or otherwise in any way related to or associated with, Employee; and (c) if the Employee and the other Co-Manager
each form a separate First Bona Fide Fund, then Icahn Enterprises and High River would be entitled to obtain, for an aggregate
$10 million investment in each First Bona Fide Fund, aggregate 15% participations (allocated between Icahn Enterprises and High
River as contemplated herein) in the Management Companies relating to each First Bona Fide Fund, aggregate 15% participations (allocated
between Icahn Enterprises and High River as contemplated herein) in any and all other Management Companies formed by, or otherwise
in any way related to or associated with, Employee, and aggregate 15% participations (allocated between Icahn Enterprises and High
River as contemplated herein) in any and all other Management Companies formed by, or otherwise in any way related to or associated
with, the other Co-Manager.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The interests in Management Companies contemplated
above will apply proportionally to Icahn Enterprises and High River based upon their respective participations as contemplated
in this Agreement, including Section 7(l), and the aggregate percentage participations may change from 15% to 10% or zero in accordance
with Section 7(l) and this Agreement, in the aggregate for Icahn Enterprises and High River, and from 85% to 90% or 100%, for the
Employee (and/or Employee and the other Co-Manager, if they both have interests in such Management Companies).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Without limiting the foregoing, the Employee
understands, acknowledges and agrees that: (i) Icahn Enterprises may acquire, from time to time, limited partnership or equivalent
interests in any Investment Funds with which the Employee is or becomes Associated or Affiliated; (ii) the timing and amounts of
any such investments shall be determined by Icahn Enterprises; and (iii) unless Icahn Enterprises and High River (allocated between
Icahn Enterprises and High River as contemplated in this Agreement and) fails to invest in the aggregate at least one of either:
(x) the High Funding Amount; or (y) the Minimum Funding Amount, in the First Bona Fide Fund as contemplated in this Agreement then
Icahn Enterprises shall (A) have a Section 7 Percentage participation in each of the Management Companies formed by, or otherwise
in any way related to or associated with, Employee, his Affiliates or Associates (whether such Management Companies were formed
before, contemporaneously with, or after the investments by Icahn Enterprises in the First Bona Fide Fund), and (B) continue to
have a Section 7 Percentage participation in each of the Management Companies formed at any time by, or otherwise in any way and
at any time related to or associated with, Employee, his Affiliates or Associates (whether such Management Companies were formed
before, contemporaneously with, or after the investments by Icahn Enterprises in the First Bona Fide Fund), in perpetuity, without
having to make any further investments in any Investment Funds then existing or formed thereafter. In no event will the aggregate
High Funding Amount for Icahn Enterprises and High River for <U>all</U> First Bona Fide funds exceed $20 million. In no event will
the aggregate Minimum Funding Amount for Icahn Enterprises and High River for <U>all</U> First Bona Fide Funds, exceed $10 million.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="color: black">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Icahn Enterprises will be the owner, without contributing
any capital to any general partner or other managing entities relating to such Investment Funds, of the Section 7 Percentage of
all Management Companies relating to such Investment Funds (for the avoidance of doubt, Icahn Enterprises&rsquo; participation
will remain at the Section 7 Percentage, regardless of the fact that Icahn Enterprises will not contribute any capital, either
at the time of formation of the Management Companies or at any time in the future, whether or not the Employee or any other persons
or entities contribute additional capital);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="color: black">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;as the owner of a Section 7 Percentage of the Management
Companies, Icahn Enterprises will have the right to the Section 7 Percentage in perpetuity of any Fee and Incentive Payments derived
by any and all such Management Companies, and Employee (and/or Employee and the other Co-Manager, if they both have interests in
such Management Companies) will initially have the right to the balance of any Fee and Incentive Payments derived by any and all
such Management Companies in excess of the Section 7 Percentages of Icahn Enterprises and High River;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="color: black">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if in the future other persons or entities are granted
or purchase equity or other ownership interests in the Management Companies or participation interests in any Fee or Incentive
Payments derived by any or all of such Management Companies, then Icahn Enterprises&rsquo; Section 7 Percentage participation will
remain at the Section 7 Percentage and the percentage interest of the Employee (and/or the Employee and the other Co-Manager, if
they both have interests in such Management Companies, or transferees of his or their interest) shall be reduced;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="color: black">(iv)</FONT>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Icahn Enterprises&rsquo; capital accounts relating to its investment
in limited partnership interests in the Investment Funds will be reduced, on a pro rata basis with, and in the same manner that
is applicable to, all other limited partners in the Investment Funds, as a result of the payment of expenses by the Investment
Funds (such as trading commissions and other costs associated with making investments that are commonly paid by Investment Funds,
as opposed to Management Companies);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="color: black">(v)</FONT>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;for the avoidance of doubt, Icahn Enterprises&rsquo; participation
will be equal to the Section 7 Percentage of the <U>gross</U> Fee and the Section 7 Percentage of the <U>gross</U> Incentive Payments
derived by any and all such Management Companies &ndash; i.e., any expenses or costs of forming and operating the Management Companies
(including but not limited to legal, accounting, filing fees, salaries, bonuses, compensation, benefits, and &ldquo;phantom&rdquo;
participations in any Fee or Incentive Payments derived by the Management Companies, etc.) will not reduce Icahn Enterprises&rsquo;
Section 7 Percentage participation or payments in respect of such Section 7 Percentage (nor will any such expenses or costs be
charged to the capital accounts of Icahn Enterprises relating to its Section 7 Percentage interest) but will only dilute and reduce
the interests of the Employee and any other owners of the Management Companies (i.e., all such expenses and costs shall be &ldquo;paid&rdquo;
by the Employee and such other owners and not by Icahn Enterprises);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="color: black">(vi)</FONT>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;such Section 7 Percentage participation of Icahn Enterprises will not
be a mere economic interest, but will be represented by irrevocable equity interest (stock, partnership interests, membership interests,
or the like) in a business vehicle that will be entitled to receive the Fee and Incentive Payments and will include board membership
on such Management Companies equal to the Section 7 Percentage of the board, but at least one board member;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="color: black">(vii)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Icahn Enterprises&rsquo; Section 7 Percentage participation
will <U>not</U> be subject to dilution, directly or indirectly, including any economic or equity dilution resulting from any ownership,
payment, obligation or other activity of any subsidiary, and whether due to stock issuances, capital contributions or otherwise;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="color: black">(viii)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;in the event that any person or entity, other than the
Employee, Affiliates of the Employee, members of the Employee&rsquo;s family, and employees of the Management Companies (a &ldquo;Third
Party&rdquo;), that invests or proposes to invest in limited partnership interests in the Investment Funds at any time receives
or is offered terms that are more favorable than either (a) the terms set forth in this Section 7 or (b) the terms that are then
applicable to Icahn Enterprises&rsquo; limited partnership investment (including, but not limited to, reduced management fees or
incentive allocation, shorter lock-up period, greater transparency, co-investment rights, larger percentage participation in the
Management Companies, etc.), the Employee shall provide prompt written notice thereof to Icahn Enterprises and Icahn Enterprises
shall have the right to elect to receive such more favorable terms, and if capacity constraints or other factors allow for only
Icahn Enterprises or such Third Party (but not both) to invest in the Investment Funds, then only Icahn Enterprises shall be permitted
to invest; provided, however, that if such Third Party is required to invest a certain amount of capital in order to obtain such
more favorable terms (the &ldquo;Required Investment&rdquo;), then if, but only if, the Employee has demonstrated to the satisfaction
of Icahn Enterprises that the Third Party (a) has the financial wherewithal to make the Required Investment and (b) was ready,
willing and able to make the Required Investment, Icahn Enterprises must make the Required Investment in order to obtain such more
favorable terms; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="color: black">(ix)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding any provisions to the contrary contained
in this Section 7, if (i) the Employee has not formed or become Affiliated or Associated with any Investment Funds or Management
Companies or (ii) each of the Investment Funds and Management Companies that the Employee has formed or with which he is or has
become Affiliated or Associated have been terminated and liquidated, and the Employee seeks to obtain passive employment with a
Management Company, and not as an owner of a business (other than such ownership interest as is typically provided to incentivize
employees of Management Companies, but in any event not greater than a 1% participation in such Management Company), then such
employer of the Employee will not be deemed a &ldquo;Management Company&rdquo; for purposes of this Section 7 and Icahn Enterprises
shall not be entitled, by virtue of this Section 7, to (a) obtain a participation in such Management Company or (b) invest in Investment
Funds managed by such Management Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Access To Records</U>. &nbsp;&nbsp;&nbsp;Icahn Enterprises and its designated
representatives will have, and Employee and the Management Companies will provide, access to the books and records (including,
but not limited to all financial information reflecting all Fees and Incentive Payment, and all payments to Employee, his Affiliates
and Associates) of the Management Companies within 10 days following any request to Employee for access to such information; provided
that only one such request maybe made in any six (6) calendar month period. Icahn Enterprises will be solely responsible for its
expenses incurred in accessing and reviewing any such information. Notwithstanding the foregoing, Icahn Enterprises will be provided
with copies of all audited annual and interim financial statements of the Management Companies within 10 days following receipt
of the same by the Employee or his Affiliates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Definitive Documents</U>. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
connection with the formation of any Management Companies that will be entitled to receive Fees and Incentive Payments, and as
a condition of using the Track Record, all related documents reflecting the terms thereof (the &ldquo;Definitive Documents&rdquo;)
shall be reasonably acceptable to Icahn Enterprises and shall be consistent with the terms of Sections 6 and 7, and shall fully
create, issue, reflect and protect, the rights, interests, powers and privileges of Icahn Enterprises as contemplated in Sections
6 and 7 of this Agreement, all of which will be set out in full in the Definitive Documents with such additional terms and provisions
as are appropriate to implement and protect the rights, interests, powers and privileges of Icahn Enterprises contemplated in Sections
6 and 7, all in form and content reasonably acceptable to Icahn Enterprises. The Fee and Incentive Payments generated by any applicable
Investment Fund will be payable solely to the Management Company and not in any manner that would avoid or minimize the amounts
payable to Icahn Enterprises.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-align: justify; text-indent: 31.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-align: justify; text-indent: 31.5pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Notice</U>. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
Icahn Enterprises has the right, but not the obligation, to acquire a participation (subject to Section 7(l) below) in the Management
Companies, Icahn Enterprises must give a definitive response to the Employee, within one month of the Employee notifying Icahn
Enterprises of all relevant details (including full responses to all requests for further information made by Icahn Enterprises
and copies of all documents) of its intent to participate therein, subject to the satisfaction of Icahn Enterprises with all Definitive
Documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-align: justify; text-indent: 31.5pt">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Other
Companies</U>. &nbsp;&nbsp;&nbsp;Following a Covered Marketing Event the Section 7 Percentage participation of Icahn Enterprises in Fees and Incentive
Payments (and all the terms of this Section 7) will apply not only to the Management Companies entitled to receive such Fees and
Incentive Payments related to that initial fund, but will also apply to any successor or other vehicle (or the Employee&rsquo;s
participation therein) for new or additional Investment Funds and all Management Companies related to or associated with the Employee
in any capacity, whether or not the Track Record or Covered Matters is used to market any such Investment Fund.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-align: justify; text-indent: 31.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-align: justify; text-indent: 31.5pt">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Leakage</U>.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Employee, his Affiliates and Associates, will not receive directly
or indirectly any salary, directors fees or other compensation or value from the activities of the Management Companies or the
applicable Investment Funds, directly or indirectly, through subsidiaries or otherwise, other than: (i) by virtue of his ownership
interest in the balance of Management Company in excess of the Section 7 Percentages of Icahn Enterprises and High River; and
(ii) a return on his invested capital pro-rata to other investors in any such Investment Fund (but not subject to management fees
or incentive allocations or the like).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-align: justify; text-indent: 31.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-align: justify; text-indent: 31.5pt">(g) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Tag
Along</U>. Icahn Enterprises will have &ldquo;tag-along&rdquo; rights on any sale of any interest in the Management Company by
Employee, his Affiliates and Associates. Any transferee of the Employee will become a party to the Definitive Agreements for the
benefit of Icahn Enterprises and its transferees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-align: justify; text-indent: 31.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-align: justify; text-indent: 31.5pt">(h) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Distributions</U>.
All money withdrawn from Management Companies will be paid in a proportion equal to the Section 7 Percentages of each of Icahn
Enterprises and High River, (or their respective transferees of their interest) and the balance to the Employee (and/or the Employee
and the other Co-Manager, if they both have interests in such Management Companies, or transferees of his or their interest).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-align: justify; text-indent: 31.5pt">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-align: justify; text-indent: 31.5pt">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-align: justify; text-indent: 31.5pt">(i) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Management</U>.
From and after the occurrence of a Covered Marketing Event: (x) the Employee may not manage any third party capital outside of
the Management Company and its subsidiaries, nor may the Employee own any shares in any of its subsidiaries directly or indirectly
(other than through its indirect interest in the Management Company); and (y) the Employee may not own any interest in any entity
that manages third party capital other than such ownership as may exist as a result of the ownership that the Management Companies
or its subsidiaries may have therein, in the case of each of (x) and (y) other than through Management Companies in which the full
rights and Section 7 Percentage participation of Icahn Enterprises, as contemplated in Sections 6 and 7 hereof, are provided for
in Definitive Documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-align: justify; text-indent: 31.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-align: justify; text-indent: 31.5pt">(j) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Proprietorship</U>.
All of the foregoing will also apply if the Employee operates without an entity as a Management Company, but instead operates simply
as an individual or sole proprietor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-align: justify; text-indent: 31.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-align: justify; text-indent: 31.5pt">(k) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Necessity
of a Covered Marking Event</U>. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Icahn Enterprises&rsquo; Section 7
Percentage participation, and all of the provisions of this Section 7, will only be applicable if a Covered Marketing Event occurs
and any transaction that includes a Covered Marketing Event must itself comply with the terms of this Section 7.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-align: justify; text-indent: 31.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-align: justify; text-indent: 31.5pt">(l) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Level
of Icahn Enterprises&rsquo; Participation</U>. The Section 7 Percentage participation of each of Icahn Enterprises and High River
will be determined in accordance with the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-align: justify; text-indent: 31.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify; text-indent: -0.25in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">a.</TD><TD STYLE="text-align: justify">Icahn Enterprises and High River will each have the right to collectively invest any amount as
limited partners into Investment Funds managed by the Management Companies.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">b.</TD><TD STYLE="text-align: justify">If Icahn Enterprises and High River do not fail to collectively invest at least $20 million as
limited partners into the First Bona Fide Fund, the aggregate Section 7 Percentages of Icahn Enterprises and High River in the
Management Companies will be 15%, to be allocated (subject to clause e. below) pro rata to their investment. For purposes of illustration,
if $20 million is collectively invested in 80/20 ratio, a 12% participation in the Management Companies will be allocated to Icahn
Enterprises and a 3% participation in the Management Companies will be allocated to High River. However, if $150 million is invested
by Icahn Enterprises in accordance with clause e. below prior to any investment by High River, and $100 million is invested by
High River, then a 15% participation in the Management Companies will be allocated to Icahn Enterprises and 0% will be allocated
to High River.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">c.</TD><TD STYLE="text-align: justify">If Icahn Enterprises and High River collectively invest at least $10 million (but less than $20
million) as limited partners into the First Bona Fide Fund, the aggregate Section 7 Percentage participation of Icahn Enterprises
and High River in the Management Companies will be 10%, to be allocated pro rata to their investment (allocated 8% to Icahn Enterprises
and 2% to High River, assuming for purposes of illustration the same 80/20 investment ratio).</TD></TR></TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify; text-indent: -0.25in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">d.</TD><TD STYLE="text-align: justify">If Icahn Enterprises and High River collectively invest less than $10 million as limited partners
into Investment Funds managed by the Management Companies, the Section 7 Percentages of each of Icahn Enterprises and High River
in the Management Companies will be zero.</TD></TR>                                                   <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">e.</TD><TD STYLE="text-align: justify">Notwithstanding any provisions to the contrary contained above in this Section 7, while Icahn Enterprises
and High River may each invest any amount as limited partners into Investment Funds managed by the Management Companies: (i) Icahn
Enterprises shall have the right to obtain the full Section 7 Percentage (the full 15% participation referred to above) by investing
at least $20 million into a First Bona Fide Fund and in such event the Section 7 Percentage of High River will be zero; and (ii)
if, but only if, Icahn Enterprises invests less than $20 million into the First Bona Fide Fund, then High River shall have the
right to obtain a percentage participation that is commensurate with its investment (for example: (x) if Icahn Enterprises invests
$15 million, then High River shall have the right to invest $5 million to receive a 3.75% participation and (y) if Icahn Enterprises
invests $10 million, then High River shall have the right to invest $10 million to receive a 7.50% participation). Employee will
provide written notice to High River on the first business day following any investment by Icahn Enterprises in a First Bona Fide
Fund stating the date and amount of such investment. Prior to such time, if any, that Icahn Enterprises has invested at least $20
million in limited partnership interests (or other interests) in the First Bona Fide Fund: (i) if High River desires to make an
investment into the First Bona Fide Fund, High River must first notify (which notice shall not be given earlier than the Condition
Satisfaction Date), each of Icahn Enterprises and Employee, in writing, of the amount of such proposed investment; and (ii) if
Icahn Enterprises has not, prior to the expiration of ten (10) business days following the date of receipt by Icahn Enterprises
of such notice, (such period, the &ldquo;10 Day Period&rdquo;) invested such amount in the First Bona Fide Fund, then Employee
must give written notice of such fact to each of Icahn Enterprises and High River, such notice to be given to Icahn Enterprises
and High River not later than 2 business days following the last day of such 10 Day Period (such notice, the &ldquo;Employee Section
7(l) Notice&rdquo;), in which event High River may invest such amount at any time prior to the expiration of 10 business days following
the date of the giving of the Employee Section 7(l) Notice to High River.</TD></TR></TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify; text-indent: -0.25in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">f.</TD><TD STYLE="text-align: justify">Except as set forth above, any investment by Icahn Enterprises and/or High River in the Investment
Funds will be on the same terms as other third-party limited partner investors; provided, however, that, notwithstanding any &ldquo;lock-up&rdquo;
or similar provisions applicable to the First Bona Fide Fund, Icahn Enterprises and/or High River, as applicable, shall be permitted
to withdraw any or all of its capital from the First Bona Fide Fund on or following the date that is three (3) years following
its initial investment in the First Bona Fide Fund (and any such withdrawal will not diminish or otherwise affect the Section 7
Percentage participation by Icahn Enterprises and/or High River, as applicable, in all
Management Companies formed by the Employee or with which he is or becomes Affiliated or Associated).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">All references above in this Section 7(l)
to: (1) &ldquo;$20 million&rdquo; are for illustration purposes only and assume that both the Employee and the other Co-Manager
have formed the First Bona Fide Fund together (if, instead, the Employee but not the other Co-Manager has formed the First Bona
Fide Fund, then all such references to &ldquo;$20 million&rdquo; shall be deemed to be $10 million); and (2) &ldquo;$10 million&rdquo;
are for illustration purposes only and assume that both the Employee and the other Co-Manager have formed the First Bona Fide Fund
together (if, instead, the Employee but not the other Co-Manager has formed the First Bona Fide Fund, then all such references
to &ldquo;$10 million&rdquo; shall be deemed to be $5 million).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-align: justify; text-indent: 31.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-align: justify; text-indent: 31.5pt">(m)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Failure to Raise First Bona Fide Fund</U>. If (i) a Covered
Marketing Event occurs and (ii) the Employee forms, or is or becomes Associated or Affiliated with, one or more Investment Funds,
and (iii) the first such Investment Fund formed by the Employee, or with which the Employee is or becomes Associated or Affiliated,
does not meet the definition of &ldquo;First Bona Fide Fund,&rdquo; then Icahn Enterprises shall receive a Section 7 Percentage
participation in each Management Company formed by, or otherwise in any way related to or associated with, Employee, his Affiliates
or Associates, in any capacity, directly indirectly, whether as an individual, investor, stockholder, partner, owner, equity owner,
lender, agent, trustee, consultant, employee, advisor, manager, franchisee (or in any other relationship or capacity), in each
case without having to make any investments in any Investment Funds.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -35.95pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -35.95pt">8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Termination</U></B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Power of Termination</U>. The Employer may terminate the
employment of Employee under this Agreement at any time, (x) with Cause, or (y) in the sole and absolute discretion of Employer,
without Cause, or (z) in the sole and absolute discretion of the Employer, within 30 days following a Key Man Event as contemplated
in Section 8(i) below. &ldquo;Cause&rdquo; shall mean any of the following: (a) conduct by the Employee of the activities of Sargon
in any manner that violates any law, rule or regulation in any material respect, or that causes the reputation of any member of
the Icahn Group to be materially and adversely affected, as a result of any wrongful or improper act; (b) conviction of any crime
(other than traffic violations and similar minor infractions of law); (c) failure to follow the lawful directions given by Employer
to Employee or the written policies or procedures adopted by the Employer from time to time that are made available to Employee;
(d) failure to come to work on a full-time basis, other than on holidays, vacation days, sick days, or other days off under Employer's
business policies; (e) impairment due to alcoholism, drug addiction or similar matters; and (f) a material breach of this Agreement,
including, without limitation, any breach of Section 10 or 12 hereof. Prior to termination for &ldquo;Cause&rdquo; as a result
of failure as contemplated in clause (c) or (d) above, Employee shall be given notice of his activity giving rise to such failure
and will have 3 business days to correct such activity; <U>provided</U> that Employer shall only be required to provide notice
under this sentence one time during any calendar year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)     <B><U>Termination
Without Cause/Permitted Resignation/Investment and Hedge Defaults/Death/Disability</U></B>. In the event of the cessation of Employee&rsquo;s
employment under this Agreement due to any of the matters set forth in clauses (i) through (vii) below:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: black">(i)</FONT></TD><TD STYLE="text-align: justify">the employment of Employee is terminated by Employer without Cause; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: black">(ii)</FONT></TD><TD STYLE="text-align: justify">Employee resigns by means of a Permitted Resignation (as defined in Section 12 below); or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: black">(iii)</FONT></TD><TD STYLE="text-align: justify">the employment of Employee is terminated due to Employee&rsquo;s death or disability (as contemplated
in Section 8(e)); or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: black">(iv)</FONT></TD><TD STYLE="text-align: justify">written notice by Employer terminating Sargon as contemplated in Section 4(f); or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: black">(v)</FONT></TD><TD STYLE="text-align: justify">the occurrence of an Investment Default as contemplated in Section 4(b)(vii)(a) above (and such
Investment Default is not waived by the Employee); or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: black">(vi)</FONT></TD><TD STYLE="text-align: justify">the occurrence of a Hedge Default as contemplated in Section 4(b)(vii)(b) above (and such Hedge
Default is not waived by the Employee); or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: black">(vii)</FONT></TD><TD STYLE="text-align: justify">termination of the Term as a result of the continuance of the employment of Employee hereunder
through 11:59 P.M. on July 31, 2016,</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">then the Employee will be paid sixty (60)
days following such cessation of employment (i) as set forth in Section 4(i), the Escrowed Amount contemplated in Section 4(i),
and (ii) as set forth in Section 5, the Second Profit Sharing Payment contemplated in Section 5, in each case through the last
day of Employee&rsquo;s employment hereunder, and in each case subject to the other terms and provisions of this Agreement (including,
without limitation, deduction of the Total Benefit Payments).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">
&#9;</FONT><U>Other Termination</U>. In the event of: (w) a voluntary termination (including by resignation) of employment by Employee
(which shall not be deemed to include a Permitted Resignation) prior to 11:59 P.M. on March 31, 2013; or (x) termination of the
employment of Employee by Employer for Cause prior to 11:59 P.M. on March 31, 2013, then Employee shall receive neither the Escrowed
Amount nor the Second Profit Sharing Payment and Employee shall not be entitled to, or have any right, claim, power or privilege
in respect of or for, any profit, payment or compensation of any kind or character. In the event of: (y) the voluntary termination
(including by resignation) of employment by Employee (which shall not be deemed to include a Permitted Resignation) after 11:59
P.M. on March 31, 2013 but prior to 11:59 P.M. on July 31, 2016; or (z) the termination of the employment of Employee by Employer
for Cause after 11:59 P.M. on March 31, 2013, then Employee shall not receive the Second Profit Sharing Payment and Employee shall
not be entitled to, or have any right, claim, power or privilege in respect of or for, any profit, payment or compensation of any
kind or character; provided, however, that the Escrowed Amount shall (i) remain in the Escrow Account through July 31, 2016, (ii)
be released to the Employee within 60 days following July 31, 2016 and (iii) continue to be administered in accordance with the
provisions of Section 4(b)(i) above, except that the Hypothetical Return shall be calculated on the 90<SUP>th</SUP> day following
such termination, assuming (solely for purposes of such calculation) that the New Sargon Portfolio was deemed to have been liquidated
at a price equal to the 90-day VWAP, as calculated by Employer in a manner consistent with practices utilized by the Existing Funds,
of the New Sargon Portfolio for the 90-day period beginning on the date of such termination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Release/Notice
by Employer</U>. As a condition to payment of any Amounts (as defined in Section 13(viii) below) contemplated in this Agreement,
Employer must receive from Employee a release in the form of <B><U>Exhibit 2</U></B> hereto and the same shall have become fully
effective and non-revocable. Within five (5) business days following the cessation of the employment of Employee hereunder (including
the occurrence of July 31, 2016 as the last day of the Term) Employer will provide written notice to Employee informing him of
the requirement to provide the release contemplated in this Section 8(d).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;</FONT><U>Disability</U>.
For purposes of this Agreement, disability shall be deemed to occur <U>only</U> if so declared in a written notice by Employer
to Employee, following illness or injury to Employee that results in Employee being unable to perform his duties hereunder at
the offices of Employer for a period of 30 consecutive business days or for 45 business days during any 60 business-day period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Other Rights of Employee</U>. In the event of the cessation of the employment of the Employee for any reason or no reason whether
as contemplated in clauses (b) or (c) above, clause (i) below, or otherwise, the Employee shall cease to have any right to any
Escrowed Amount, Second Profit Sharing Payment, cash compensation or any other payment or consideration or any other rights of
any kind or character, other than as <U>expressly</U> set forth in this Section 8.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Resignation</U>. Employee may resign from his employment hereunder (but will remain subject to Sections 1, 3(c),
6, 7, 8, 9, 10, 11, 12 and 13 hereof). Any such resignation will not be on less than four (4) weeks prior written notice to Employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>High
River Termination</U>. In the event that (i) a Terminating Event occurs under the High River Agreement (but not under this Agreement)
and the High River Agreement is terminated or (ii) Sargon is terminated by High River pursuant to Section 4(f) of the High River
Agreement (but not under this Agreement) or (iii) the High River Agreement (but not this Agreement) is terminated within 30 days
following a Key Man Event, the Employee shall have ten (10) business days within which to elect to terminate this Agreement. Any
such termination of this Agreement by the Employee shall be deemed for all purposes hereunder to be a Permitted Resignation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">
&#9;</FONT><U>Key Man Termination</U>. In the event of the death or Permanent Disability (as defined below) of Carl C. Icahn during
the Term (a &ldquo;Key Man Event&rdquo;), the Employer shall, within 30 days following the Key Man Event (during which 30-day period
this Agreement shall remain in effect and the Employer may exercise any and all of its rights hereunder), deliver a written notice
to the Co-Managers in which the Employer shall elect to either terminate or continue this Agreement. If no such notice is delivered,
the Employer will be deemed to have elected to continue this Agreement. If the Employer elects to terminate the Agreement under
this Section 8(i), then the Escrowed Amount contemplated in Section 4(i) and the Second Profit Sharing Payment contemplated in
Section 5 will be (i) marked as of the close of business on the business day immediately preceding the time that the Key Man Event
is first reported in the national print or electronic media (the &ldquo;Key Man Amount&rdquo;) and (ii) paid to the Employee sixty
(60) days following such Key Man Event (<U>minus</U> the Total Benefit Payments). If the Employer elects to continue the Agreement:
(i) this Agreement shall continue to remain in effect; (ii) the Employee shall not receive the Key Man Amount; (iii) the Employer
shall issue a press release stating that (a) it has elected to continue the Agreement and (b) it has no present intention to liquidate
any of the Sargon positions (but retains the right to buy and sell Securities in its discretion); (iv) from and after the 30<SUP>th</SUP>
day following the Key Man Event, each of the Employer Restrictions (as defined below) shall become null and void and may no longer
be exercised by the Employer (it being understood and agreed that the investment parameters contained in Section 4(a), and all
other provisions of this Agreement, shall remain in full force and effect in such case). For the avoidance of doubt, any such election
by the Employer to continue the Agreement shall in no event limit the rights thereafter of (i) the Employee to terminate his employment
under this Agreement at any time, by voluntary termination or Permitted Resignation, or (ii) the Employer to terminate the employment
of Employee under this Agreement at any time, with or without Cause, or to terminate Sargon pursuant to Section 4(f).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The term &ldquo;Permanent Disability&rdquo;
means, with respect to Carl C. Icahn, that Mr. Icahn has been declared by a non-appealable order of a court of competent jurisdiction
to be permanently unable to be responsible for and manage his financial affairs due to physical or mental illness or injury.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The term &ldquo;Employer Restrictions&rdquo;
shall mean (i) any requirement of the Co-Managers under Section 4(b) to seek the approval of the Employer prior to effecting any
Permitted Investment, Permitted Hedge or sale of Sargon Securities and (ii) any right of the Employer under Section 4(b) to reject
or prevent the execution of any Permitted Investment, Permitted Hedge or sale of Sargon Securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(j)<FONT STYLE="font-family: Times New Roman, Times, Serif">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#9;</FONT><U>Co-Manager Termination</U>. In the event of the death, disability (as contemplated in Section 8(e) above) or resignation,
or any termination by the Employer of the employment, of Brett Icahn during the Term (a &ldquo;Co-Manager Event&rdquo;), (i) this
Agreement shall continue to remain in effect, (ii) following such Co-Manager Event, any provision of this Agreement requiring action
by, or the consent of, both Co-Managers shall require action by, or the consent of, only the Employee, and (iii) notwithstanding
any other provisions of this Agreement to the contrary, if Sargon does not at the time of a Co-Manager Event have sufficient cash
and cash equivalents to satisfy any Amounts (as defined in Section 13(viii) below) then due to Brett Icahn, then the Employer may,
at its option and without the consent of the Employee, cause Sargon to liquidate such positions as may be necessary in the Employer&rsquo;s
discretion in order to raise the required funds (provided, however, that the Employer shall consult with the Employee with respect
to the selection of any positions for liquidation).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Representations
and Warranties</U></B>. Employee represents as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">
&#9;</FONT>To the best of his knowledge, except as known to Employer, he is not a party to, or involved in, or under investigation
in, any pending or threatened litigation, proceeding or investigation of any governmental body or authority or any private person,
corporation or other entity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">
&#9;</FONT>Employee has never been suspended, censured or otherwise subjected to any disciplinary action or other proceeding by
any State, other governmental entities, agencies or self-regulatory organizations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">
&#9;</FONT>Employee is not subject to any restriction whatsoever which would cause him to not be able fully to fulfill his duties
under this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">
&#9;</FONT><B><U>Confidential Information</U></B>. During the term of this Agreement and at all times thereafter, Employee shall
hold in a fiduciary capacity for the benefit of the Existing Funds and Employer, and their respective Affiliates all secret or
confidential information, knowledge or data, including without limitation trade secrets, investments, contemplated investments,
business opportunities, valuation models and methodologies, relating to the business of the Existing Funds, Employer, or their
respective Affiliates, and their respective businesses: (i) obtained by Employee during Employee&rsquo;s employment hereunder and
during his previous employment with any of the foregoing persons or entities and (ii) not otherwise in the public domain (all of
the foregoing &ldquo;Confidential Information&rdquo;). Employee shall not, without prior written consent of the Employer (which
may be granted or withheld in its sole and absolute discretion provided that Employee shall be permitted to use Confidential Information
in connection with the performance of his duties with the Employer and its Affiliates without being required to obtain the written
consent of Employer), communicate or divulge any of the types of information described in the two previous sentences, knowledge
or data to anyone other than the Existing Funds, Employer and their respective Affiliate and those designated by Employer, except
to the extent compelled pursuant to the order of a court or other body having jurisdiction over such matter or based upon the advice
of his counsel that such disclosure is legally required; provided, however, that Employee will assist Employer at Employer expense,
in obtaining a protective order, other appropriate remedy or other reliable assurance that confidential treatment will be accorded
such information so disclosed pursuant to the terms of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">All processes, technologies,
investments, contemplated investments, business opportunities, valuation models and methodologies, and inventions (collectively,
&ldquo;Inventions&rdquo;), including without limitation new contributions, improvements, ideas, business plans, discoveries, trademarks
and trade names, conceived, developed, invented, made or found by Employee, alone or with others, during the period the Employee
is employed hereunder, whether or not patentable and whether or not on the Employer&rsquo;s time or with the use of its facilities
or materials, shall be the property of Employer or its designee, and shall be promptly and fully disclosed by Employee to Employer.
Employee shall perform all necessary acts (including, without limitation, executing and delivering any confirmatory assignments,
documents, or instruments requested by Employer) to vest title to any such Invention in Employer or in any person designated by
Employer and to enable such person, at its expense, to secure and maintain domestic and/or foreign patents or any other rights
for such Inventions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Without limiting anything
contained above, Employee agrees and acknowledges that all personal and not otherwise public information about the Existing Funds,
Sargon, Employer, and their respective Affiliates, including, without limitation, their respective investments, investors, transactions,
historical performance, and all information regarding or concerning Carl Icahn, Mr. Icahn&rsquo;s family and employees of the Existing
Funds, Sargon, Employer and their respective Affiliates, shall constitute Confidential Information for purposes of this Agreement.
In no event shall Employee during or after his employment hereunder, disparage the Existing Funds, Employer, Mr. Icahn, his family
members, their respective Affiliates or any of their respective officers, directors or employees. Employee further agrees not to
write a book or article about Mr. Icahn or Mr. Icahn&rsquo;s family members in any media and not to publish or cause to be published
in any media, any Confidential Information, and further agrees to keep confidential and not to disclose to any third party, including,
but not limited to, newspapers, authors, publicists, journalists, bloggers, gossip columnists, producers, directors, media personalities,
film-makers, and the like, any Confidential Information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In furtherance of the
foregoing, the Employee agrees that during the Term and following the termination of this Agreement, except for the disclosures
permitted in Sections 6 and 7 above in connection with the marketing of a Permitted Fund, the sole and only disclosure or statement
he will make about or concerning any or all of the Employer, High River, Mr. Icahn, his family members, or any of the respective
Affiliates of any of the foregoing, is to acknowledge that he is or was employed with Employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The forgoing provisions
of this Section 10 shall not apply to any disclosure or use specifically permitted by the express terms of Sections 6 and 7 hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">11.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&#9;</FONT><B><U>Remedy for Breach</U></B>. Employee hereby acknowledges that the provisions of Sections 6, 10 and 12 of this Agreement
are reasonable and necessary for the protection of the Icahn Group and Mr. Icahn&rsquo;s family members and are not unduly burdensome
to Employee, and the Employee also acknowledges such obligations under such covenants. Employee further acknowledges that the Icahn
Group and Mr. Icahn&rsquo;s family members will be irreparably harmed if such covenants are not specifically enforced. Accordingly,
Employee agrees that, in addition to any other relief to which the Employer may be entitled, including claims for damages, each
of the persons and entities that are included in the Icahn Group and Mr. Icahn&rsquo;s family members shall be entitled to seek
and obtain injunctive relief (without the requirement of any bond) from a court of competent jurisdiction for the purpose of restraining
Employee from an actual or threatened breach of such covenants.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">12.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#9;</FONT><B><U>Competitive Services</U></B>. During the period that Employee is employed under this Agreement and through a period
ending on July 31, 2016, or if later 90 days after Employee ceases to be employed under this Agreement for any reason, Employee
will not:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">invest in or manage, or participate or engage in the business of investing in or managing, or engage
or participate in the business of raising or pooling of cash or other assets for investment in, Securities, either individually
or with any person, entity, venture, vehicle, limited liability company, business, fund, partnership, corporation, agency, proprietorship
or any other enterprise (whether or not conducted for profit) (each a &ldquo;Covered Business&rdquo;) or group of Affiliated Covered
Businesses (including, without limitation, any hedge fund, mutual fund, investment company, managed account, fund of funds or other
vehicles for the investment or management of money or assets), whether for his own account or with, for or on behalf of any Covered
Business in any capacity, directly indirectly, whether as an individual, investor, stockholder, partner, owner, equity owner, lender,
agent, trustee, consultant, employee, advisor, manager, franchisee or in any other relationship or capacity, and will not enter
into the employ of such Covered Business, render any services to such Covered Business, raise capital for such Covered Business,
or otherwise become interested in or aid, represent or assist such Covered Business directly or indirectly in any manner; provided,
however, that the provisions in this Section 12(i) shall not be deemed to preclude Employee, after cessation of his employment
under this Agreement, from acquiring Securities of any Covered Business solely as a passive investment so long as such Securities
do not, in the aggregate, constitute more than one percent (1%) of any class or series of outstanding Securities of such corporation
or entity and the Securities of such entity are: (i) registered under Section 12 of the Securities Exchange Act of 1934; or (ii)
are purchased without reduction or waiver of management fees, incentive allocations or other costs and reflect solely the proportionate
economic interests of the Employee based only upon his invested capital on a pro rata basis.</TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify">The preceding paragraph of this
Section 12(i) shall not be applicable if the employment of Employee ceases as the result of: (v) termination of Sargon pursuant
to Section 4(f) at a time when Employer would not be entitled to terminate the employment of Employee hereunder for &ldquo;Cause&rdquo;;
(w) termination of the employment of Employee by Employer without &ldquo;Cause&rdquo;; (x) Employee&rsquo;s written resignation
(a &ldquo;Permitted Resignation&rdquo;) delivered by hand to the Chairman within 10 business days following an Uncured Employer
Breach; (y) termination of the employment of Employee by the Employer under Section 8(i) within 30 days following a Key Man Event;
or (z) the occurrence of an Investment Default as contemplated in Section 4(b)(vii)(a) or a Hedge Default as contemplated in Section
4(b)(vii)(b) above. An &ldquo;Uncured Employer Breach&rdquo; shall mean and be limited to: (i) a material breach of this Agreement
by Employer of the express terms of this Agreement, if such breach continues for 15 business days following written notice detailing
the events resulting in such breach and circumstances of such breach, given personally by hand by the Employee to the Chairman;
(ii) termination of Sargon pursuant to Section 4(f) of the High River Agreement at a time when High River would not be entitled
to terminate the employment of Employee thereunder for &ldquo;Cause&rdquo;; (iii) termination of the employment of Employee by
High River without &ldquo;Cause&rdquo; and (iv) a Permitted Resignation by Employee under the High River Agreement.</P>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">From the date hereof and through a period ending one (1) year from the last day of Employee&rsquo;s
employment under this Agreement, Employee will not: (a) solicit, interfere with or endeavor to entice away from Employer or any
of its subsidiaries or Affiliates, any current or prospective customer or client, or any person in the habit of dealing with any
of the foregoing; (b) attempt to direct or solicit any current or prospective customer or client away from Employer or any of its
subsidiaries or Affiliates; (c) interfere with, entice away or otherwise attempt to obtain or induce the withdrawal of any employee
of Employer or any of its subsidiaries or Affiliates; (d) advise any person not to do business with Employer or any of its subsidiaries
or Affiliates; or (e) attempt to direct, divert, or otherwise usurp any business opportunity or transaction that Employee learned
of during Employee's employment with Employer.</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"> </FONT>The Employee acknowledges
and agrees that the Icahn Group has a worldwide reputation and operates on a worldwide basis and that the scope of these covenants
will and are intended to prohibit his activities as set forth above throughout the world. The Employee acknowledges and agrees
that the provisions of Sections 6, 10, 11, 12(i) and 12(ii) are fair and reasonable and necessary to protect the business, reputation,
goodwill and franchise of the Icahn Group and Mr. Icahn and his family. Employee acknowledges that, in light of the significant
potential compensation of Employee, Employee is voluntarily entering into this provision and is well able to comply with its provisions
without hardship.</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">13.</TD><TD STYLE="text-align: justify"><B><U>Miscellaneous</U></B>.</TD>
</TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify"><U>Amendments and Waivers</U>. No provisions of this Agreement may be amended, modified, waived
or discharged except as agreed to in writing by Employee and Employer. The failure of a party to insist upon strict adherence to
any term or provision of this Agreement on any occasion shall not be considered a waiver thereof or deprive that party of the right
thereafter to insist upon strict adherence to that term or provision or any other term or provision of this Agreement. Notwithstanding
anything herein to the contrary, the Employer may amend this Agreement (and such amendment shall be binding upon Employee) at any
time, retroactively or otherwise, without Employee&rsquo;s consent, to comply with Code Section 409A. Employer will take such actions
as Employer considers reasonable (without any obligation to pay money) in order to help mitigate the adverse effect of any such
amendment.</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify"><U>Governing Law</U>. This Agreement shall be governed by and construed in accordance with the
laws of the State of New York applicable to agreements made and/or to be performed in that State, without regard to any choice
of law provisions thereof. All disputes arising out of or related to this Agreement shall be submitted to the state and federal
courts of New York, and each party irrevocably consents to such personal jurisdiction and waives all objections thereto, but does
so only for the purposes of this Agreement.</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify"><U>Severability</U>. If any provision of this Agreement is invalid or unenforceable, the balance
of this Agreement shall remain in effect.</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iv)</TD><TD STYLE="text-align: justify"><U>Judicial Modification</U>. If any court determines that any of the covenants in Section 12 or
any part of any of them, is invalid or unenforceable, the remainder of such covenants and parts thereof shall not thereby be affected
and shall be given full effect, without regard to the invalid portion. If any court determines that any of such covenants, or any
part thereof, is invalid or unenforceable because of the geographic or temporal scope of such provision, such court or arbitrator
shall reduce such scope to the extent necessary to make such covenants valid and enforceable.</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(v)</TD><TD STYLE="text-align: justify"><U>Successors; Binding Agreement</U>. This Agreement shall inure to the benefit of and be binding
upon the successors and assigns of the Employer. Employee may not sell, convey, assign, transfer or otherwise dispose of, directly
or indirectly, any of the rights, claims, powers or interest established hereunder or under any related agreements or documents
(including, without limitation, any rights or interests in or with respect to the Escrowed Amount and the Second Profit Sharing
Payment, if any) other than with the prior written consent (which may be granted or withheld in their sole and absolute discretion)
of the Employer provided that the same may, upon the death of Employee, be transferred by will or intestate succession, to his
estate, executors, administrators or heirs, whose rights therein shall for all purposes be deemed subject to the terms of this
Agreement.</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(vi)</TD><TD STYLE="text-align: justify"><U>Limitation on Rights</U>. Any
                                                              matter, thing, judgment or determination that is to be, or may be,
                                                              made or determined by Employer under this Agreement, may be made
                                                              or determined in the sole and absolute discretion of Employer, whether
                                                              or not the phase &ldquo;sole and absolute discretion&rdquo; is included
                                                              in the provisions providing for such matter, thing, judgment or
                                                              determination (except with respect to any matter, thing, judgment
                                                              or determination that is expressly stated herein to be made or determined
                                                              &ldquo;reasonably&rdquo; by the Employer). Notwithstanding any provision
                                                              to the contrary herein, no provision in this Agreement shall create,
                                                              or be deemed or construed to create, any claim, right or cause of
                                                              action against the Employer or any member of the Icahn Group arising
                                                              from any failure: to agree to make any investment, provide any financing,
                                                              generate, obtain or charge any fee, take any profit, or make or
                                                              sell any investment, in each case whether for any reason or no reason.
                                                              Employer and its Affiliates shall have no duty or obligation of
                                                              any kind or charter to make, hold or continue any investment in
                                                              the Existing Funds or Sargon and may terminate Sargon at any time,
                                                              for any reason or no reason. Employee acknowledges that Employer
                                                              could, for example, in its sole and absolute discretion, terminate
                                                              Sargon at any time, thereby eliminating any further opportunity
                                                              for Employee to obtain the Escrowed Amount under Section 4(i) or
                                                              a Second Profit Sharing Payment under Section 5 even if Sargon was
                                                              operating for months or years prior to such date, and in such event
                                                              Employee would receive no payment, compensation, profit or interests
                                                              of any kind or character if there was <U>no</U> &ldquo;Profit&rdquo;
                                                              as of such date, and Employee is freely accepting such risk in entering
                                                              into this Agreement and waives and releases any right, claim, power
                                                              or privilege that might or could, otherwise arise from the termination
                                                              of Sargon (including any claim of bad faith, unfair dealing, quantum
                                                              meruit, unjust enrichment, breach of contract or any other theory
                                                              in law or equity). To the extent that any provision of this Agreement
                                                              may result in any duplication of any calculation, allocation, payment
                                                              or amount, such consequence is not intended and no such duplicate
                                                              amount shall be included in any calculation, allocation, payment
                                                              or amount.</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(vii)</TD><TD STYLE="text-align: justify"><U>Taxes</U>. All payments to Employee shall be subject to applicable deductions, payroll and withholdings
taxes, to the extent required by law, as determined by Employer.</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(viii)</TD><TD STYLE="text-align: justify"><U>No Assignment</U>. The rights of the Employee under this Agreement and to any amounts payable
under this Agreement or that may become payable hereunder including, without limitation, the right to the Escrowed Amount and the
Second Profit Sharing Payment (all rights under this Agreement and to any payment and amount, collectively, the &ldquo;Amounts&rdquo;)
shall in no event be assigned, transferred, pledged or encumbered by Employee, and any attempted assignment, transfer, pledge or
encumbrance of the Amounts, in whole or in part, shall be null and void and of no force or effect. Such Amounts may not be subject
to seizure for the payment of any debts or judgments against Employee or be transferable by operation of law in the event the Employee
becomes insolvent or bankrupt.</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ix)</TD><TD STYLE="text-align: justify"><U>Unfunded Nature of Compensation</U>. Title to and beneficial ownership of the Amounts that constitute
nonqualified deferred compensation subject to Code Section 409A shall at all times remain with the Employer, and shall continue
for all purposes to be part of the general assets of the Employer. Neither Employee nor any person other than the Employer shall
by virtue of the provisions of this Agreement have any property interest whatsoever in any specified assets of the Employer until
and except to the extent that, such Amounts are paid to Employee (it being understood and agreed that the First Profit Sharing
Payment shall be deemed to have been &ldquo;paid&rdquo; to Employee as of 11:59 p.m. on March 31, 2013). The Employer shall not
be required to purchase, hold or dispose of any investments pursuant to this Agreement; however, any amount which may be invested
under the provisions of this Agreement shall continue for all purposes to be a part of their general assets and subject to the
claims of their respective general creditors. To the extent that Employee acquires a right to receive any Amounts from the Employer
under this Agreement (other than, following March 31, 2013, the First Profit Sharing Payment), such right shall be unsecured and
unfunded and shall be no greater than the right of any unsecured creditor of the Employer.</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(x)</TD><TD STYLE="text-align: justify"><U>Determinations</U>. Any calculation, allocation, estimate or other amount or matter to be determined
under this Agreement, or for the purpose of the Agreement (in particular matters under and related to the application of Sections
4 and 5, which the parties acknowledge and agree involve complex matters that may arise beyond the specific language of those Sections,
and will involve significant judgments and interpretation with regard to the application of the principals set forth therein to
&ldquo;real life&rdquo; situations), for any period or portion of a period, and any amount payable or allocable to or by Sargon,
the Existing Funds, Employee or otherwise, under this Agreement for any period or portion of a period, shall be calculated, allocated,
estimated or determined by Employer, whose determination shall be final and binding on all parties. If Amounts paid (or in respect
of which payments are made) under Sections 4(i), 5 or 8 are at any time required to be returned or otherwise paid over to any of
the Existing Funds or their investors or Affiliates, due to any miscalculation, mis-estimation or other error, or mistake or wrong
doing, then the Employee shall be required (within 180 days following written notice thereof by Employer) to return his pro rata
share of such Amounts so returned or paid over even if such Amounts are returned or paid over following termination of employment
of Employee hereunder and this provision shall survive any termination or expiration of Employee&rsquo;s employment hereunder.</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(xi)</TD><TD STYLE="text-align: justify"><U>409A</U>. The intent of the parties is that payments and benefits under this Agreement which
are subject to the provisions of Code Section 409A shall comply with Code Section 409A and, accordingly, to the maximum extent
permitted, this Agreement shall be interpreted to be in compliance therewith. A cessation or termination of Employee shall not
be deemed to have occurred for purposes of Sections 4(i), 5 or 8 or any other provision of this Agreement providing for the payment
of any Amounts or benefits subject to Code Section 409A upon or following a cessation or termination of employment unless such
termination is also a &ldquo;separation from service&rdquo; as defined in Code Section 409A(a)(2)(A)(i) and the regulations thereunder,
of the Employee from the Employer (&ldquo;Separation from Service&rdquo;) and, for purposes of any such provision of this Agreement,
references to a &ldquo;termination&rdquo;, &ldquo;cessation of employment&rdquo;, &ldquo;termination of employment&rdquo; or like
terms shall mean such &ldquo;Separation from Service&rdquo;. If the Employee is deemed on the date of his termination of employment
to be a &ldquo;specified employee&rdquo; within the meaning of that term under Code Section 409(a)(2)(B)(i), then with regard to
any payment or the provision of any benefit that is considered deferred compensation under Code Section 409A payable on account
of a &ldquo;Separation from Service&rdquo;, no such payment or benefit shall be made or provided prior to the earlier of (A) the
expiration of the six (6) month period measured from the date of such &ldquo;Separation from Service&rdquo; of the Employee, and
(B) the date of the Employee&rsquo;s death, to the extent required under Code Section 409A. Upon the expiration of the foregoing
delay period, all payments and benefits delayed pursuant to this Section 13(xi) (whether they would have otherwise been payable
in a single sum or in installments in the absence of such delay) shall be paid or reimbursed to the Employee in a lump sum, and
any remaining payments and benefits due under this Agreement shall be paid or provided in accordance with the normal payment dates
specified for them herein.</TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify">For purposes of Code Section
409A, the Employee&rsquo;s right to receive any installment payments pursuant to this Agreement shall be treated as a right to
receive a series of separate and distinct payments. Whenever a payment under this Agreement specifies a payment period with reference
to a number of days, the actual date of payment within the specified period shall be within the sole discretion of the Employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify">Notwithstanding any other provision
of this Agreement to the contrary, in no event shall any payment under this Agreement that constitutes &quot;nonqualified deferred
compensation&quot; for purposes of Code Section 409A be subject to offset by any other amount unless otherwise permitted by Code
Section 409A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(xii)</TD><TD STYLE="text-align: justify"><U>Survival</U>. Sections 1, 3(c), 6, 7, 8, 9, 10, 11, 12 and 13 of this Agreement shall survive
the termination of the employment of Employee hereunder and shall be and remain fully effective in accordance with their terms.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(xiii)</TD><TD STYLE="text-align: justify"><U>No Continuation of Agreement</U>. Following the termination of the Term Employee will not be
deemed to be employed under this Agreement, even if the employment of Employee with Employer or its Affiliates continues.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(xiv)</TD><TD STYLE="text-align: justify"><U>No Joint and Several Liability</U>. The parties acknowledge and agree that: (a) the obligations
and liabilities of the Employee under this Agreement are several only, and will not be, nor construed to be, either joint with
Brett Icahn or joint and several with Brett Icahn; and (b) the obligations and liabilities of the Employer under this Agreement
are several only, and will not be, nor construed to be, either joint with High River or joint and several with High River.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(xv)</TD><TD STYLE="text-align: justify"><U>Allocations between Icahn Enterprises and High River</U>. The parties understand and agree that,
while various provisions of this Agreement make reference to costs, funding obligations, participation rights and other amounts
being allocated 80% to Icahn Enterprises and 20% to High River, such allocations may change at any time and from time to time (provided
that the percentages attributable to Icahn Enterprises and High River shall always add to 100%), as may be decided by Icahn Enterprises
and High River in their sole and absolute discretion. Further, the parties acknowledge that references in this Agreement to matters
being determined &ldquo;by the Employer, in its sole and absolute discretion&rdquo; (and similar language) also appear in the High
River Agreement (under which High River is the &ldquo;Employer&rdquo;) and that such matters will ultimately be determined by each
of Icahn Enterprises and High River, as employer under the applicable agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: -0.5in"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><B>(xvi)</B></TD><TD STYLE="text-align: justify"><B><U>Counsel/Review of Agreement</U>. Employee acknowledges and agrees that he has read and understands
all of the terms, provisions and conditions of this Agreement and has consulted with independent legal counsel of his choosing
with respect to this Agreement, or has had the opportunity to do so and determined, at his own risk, not to seek such counsel.
Employee shall be responsible for all expenses of any legal counsel and other advisors retained by Employee in connection with
the transactions contemplated hereby. </B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: -0.5in"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><B>(xvii)</B></TD><TD STYLE="text-align: justify"><B><U>Entire Agreement</U>.
                                                                       This Agreement represents the entire agreement of the parties
                                                                       and supersedes any prior agreements, discussions, arrangements
                                                                       or understandings among the parties. It specifically supersedes
                                                                       the Prior Agreement and the Term Sheet dated May 31, 2012,
                                                                       which is <U>not</U> part of the agreement of the parties
                                                                       and should <U>not</U> be utilized for purposes of interpreting
                                                                       the Agreement. </B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">14.</TD><TD STYLE="text-align: justify"><B><U>Other</U></B>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Employee shall follow all written policies and procedures and written
compliance manuals adopted by or in respect of any or all of Employer and its Affiliates that have been delivered to Employee,
including, without limitation, those applicable to investments by employees. In addition, except as contemplated in this Agreement,
Employee shall not, personally or on behalf of any other person or entity, invest in or provide advice with respect to, any investment
made or actively being considered by Employer or its Affiliates, unless disclosed to Employer in writing by Employee and approved
in writing by Employer which approval may be granted or withheld by them in their sole and absolute discretion, and which approval,
if granted, may be with limitations, including on the amount of any investment which Employee may make at any time or from time
to time and may impose restrictions on the sale of any such investment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Employee agrees to provide to Employer a written list of all existing
investments of Employee, directly or indirectly.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.5in; text-align: left">15.</TD><TD STYLE="text-align: justify"><B><U>Definitions</U>.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>&ldquo;Affiliate&rdquo; and &ldquo;Control&rdquo;</U>
shall have the meanings set forth in Rule 405 of Regulation C of the Securities Act of 1933, as amended. Any reference in this
Agreement to an &ldquo;Affiliate&rdquo; or &ldquo;Affiliates&rdquo; in reference to any member of the Icahn Group shall include,
without limitation, all persons and entities that are included in the Icahn Group, in each case, on the date hereof and from time
to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<U>Associate</U>&rdquo; shall have
the meaning set forth in Rule 14a-1 promulgated under the Securities Exchange Act of 1934.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<U>Condition Satisfaction Date</U>&rdquo;
means that date on which the Funding Conditions contemplated in the definition of &ldquo;Required Funding Date,&rdquo; are fully
satisfied.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<U>Covered Marketing Event</U>&rdquo;
means the <U>first</U> use of the Track Record or other Covered Matters by Employee for the purpose of marketing an Investment
Fund formed by, or otherwise in any way related to or associated with, Employee, his Affiliates or Associates, in any capacity,
directly or indirectly, whether as an individual, investor, stockholder, partner, owner, equity owner, lender, agent, trustee,
consultant, employee, advisor, manager, franchisee (or in any other relationship or capacity), that precedes, results in, occurs
contemporaneously with, or follows, the formation or funding (in whole or in part), of an Investment Fund.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<U>Employer Contribution</U>&rdquo;
means the Icahn Enterprises Contribution.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<U>Fee and Incentive Payments</U>&rdquo;
means any management fee, incentive allocation, carried interest, profit sharing or participation, or the like.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<U>First Bona Fide Fund</U>&rdquo;
means the first bona fide Investment Fund or group of Investment Funds that: (1) is formed by the Employee, or with which the Employee
is or becomes Associated or Affiliated, following the termination of this Agreement; and (2) is marketed through a Covered Marketing
Event, to institutional investors and high net worth individuals pursuant to a customary hedge fund marketing process; and (3)
contains investments from investors, other than Icahn Enterprises and High River and their respective Affiliates, of at least $80
million in the aggregate that are subject to fees and withdrawal limitations no more favorable to the investor than those applicable
to Employers invested in such First Bona Fide Fund. The parties acknowledge that there could be more than one &ldquo;First Bona
Fide Fund&rdquo; as there could be: (i) such a fund formed by (and/or associated with) Employee and also a fund formed by (and/or
associated with) the other Co-Manager; and (ii) alternately, there could be such a fund formed by (and/or associated with) both
Co-Managers (in which event there will only be one First Bona Fide Fund).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<U>High Funding Amount</U>&rdquo;
means: (x) $20 million with respect to a First Bona Fide Fund which is formed by both Co-Managers, or with which both Co-Managers
are or become Associated or Affiliated on the Required Funding Date; and (y) $10 million with respect to a First Bona Fide Fund
which is formed only by Employee and with which the other Co-Manager is not and does not become Associated or Affiliated on the
Required Funding Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<U>High River Contribution</U>&rdquo;
means the amount invested by High River in the First Bona Fide Fund, on or prior to the Required Funding Date, but not more than
$20 million minus the Icahn Enterprises Contribution, but regardless of the actual amount so invested, for purposes of this definition
the term &ldquo;High River Contribution&rdquo; shall not be deemed to exceed $20 million.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<U>Icahn Enterprises Contribution</U>&rdquo;
means the amount invested by the Icahn Enterprises in the First Bona Fide Fund, on or prior to the Required Funding Date, but regardless
of the actual amount so invested, for purposes of this definition the term &ldquo;Icahn Enterprises Contribution&rdquo; shall not
be deemed to exceed $20 million.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<U>Icahn Group</U>&rdquo; means
Mr. Carl C. Icahn and his Affiliates (including those now or hereafter his Affiliates) including, without limitation, High River,
Icahn Enterprises and all of their respective Affiliates), individually and collectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<U>Investment Fund</U>&rdquo; means
any hedge fund, mutual fund, investment company, managed account, fund of fund or other vehicle by, under or through which money
or assets are controlled and/or managed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<U>Management Companies</U>&rdquo;
means, any person that manages, controls, advises, or operates any Investment Fund, and/or obtains or receives or, is entitled
to or is formed to obtain or receive, Fees and Incentive Payments, directly or indirectly.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<U>Minimum Funding Amount</U>&rdquo;
means: (x) $10 million with respect to a First Bona Fide Fund which is formed by both Co-Managers, or with which both Co-Managers
are or become Associated or Affiliated on the Required Funding Date; and (y) $5 million with respect to a First Bona Fide Fund
which is formed only by Employee and with which the other Co-Manager is not and does not become Associated or Affiliated on the
Required Funding Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<U>Person</U>&rdquo; means, any
person, individual, entity, venture, vehicle, limited liability company, partnership, proprietorship, corporation, or any other
business vehicle.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<U>Relative Employer Percentage</U>&rdquo;
means the Employer Contribution divided by the sum of the Icahn Enterprises Contribution, and the High River Contribution.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<U>Related Persons</U>&rdquo; means
Carl C. Icahn, his Affiliates and Associates, or any of their respective officers, directors, agents, employees or family members,
including all natural persons, and all entities, corporations, limited liability companies, trusts, partnership and other business
vehicles.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<U>Required Funding Date</U>&rdquo;
means, 5:00pm, on the 25<SUP>th</SUP> business day following the date that all of the following conditions (the &ldquo;Funding
Conditions&rdquo;) are satisfied: (x) Icahn Enterprise and High River have both received written notice from Employee of the existence
of the First Bona Fide Fund, (which has been funded as a result of a Covered Marketing Event, and complies with the requirements
set forth in the definition of First Bona Fide Fund); and (y) written notice has been given by Employer to Employee of the satisfaction
of Section 7(c) with respect to the Management Companies relating to the First Bona Fide Fund.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<U>Section 7 Percentage</U>&rdquo;
means: (A) until the occurrence of the Required Funding Date, 15%; and (B) from and after the Required Funding Date, a percentage
determined as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>if at least the High Funding Amount is paid by the Required Funding
Date, the Section 7 Percentage of Icahn Enterprises shall equal 15%, multiplied by the Relative Employer Percentage (it being understood
and agreed that, in the aggregate, the Section 7 Percentage of Icahn Enterprises under this Agreement, and the Section 7 Percentage
of High River under the High River Agreement, shall equal 15%); or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>if at least the Required High Funding is not paid by the Required
Funding Date, but at least the Minimum Funding Amount is paid by the Required Funding Date, then the Section 7 Percentage shall
equal 10% multiplied by the Relative Employer Percentage (it being understood and agreed that, in the aggregate, the Section 7
Percentages of Icahn Enterprises under this Agreement, and the Section 7 Percentage of High River under the High River Agreement,
shall equal 10%).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<U>Securities</U>&rdquo; means
securities and other financial instruments, including, without limitation: capital stock; preferred stock; shares of beneficial
interest; partnership interests and similar financial instruments; bonds, bank debt, notes and debentures (whether subordinated,
convertible or otherwise); equity and other derivative products (including, without limitation, futures contracts (and options
thereon), swaps, options and warrants); loans; accounts and notes receivable and payable held by trade or other creditors; bankruptcy
and trade claims; contract and other claims; executory contracts; participations; commercial paper; and any other obligations
and instruments or evidences of indebtedness of whatever kind or nature; in each case, whether or not publicly traded or readily
marketable. Each reference in this Agreement to &ldquo;Securities issued by&rdquo; a particular issuer, or &ldquo;Securities of&rdquo;
a particular issuer, shall also be deemed to include derivative instruments referencing such issuer or any of its Securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<U>Terminating Event</U>&rdquo;
means termination of the employment of Employee pursuant to Section 8(b) as a result of the occurrence of any of the events listed
in clauses (i) through (vi) of Section 8(b).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<U>VWAP</U>&rdquo; means, if available,
the arithmetic mean of the volume-weighted average price per share of the applicable security as listed on Bloomberg for the hours
9:30 a.m. to 4:00 p.m. New York City time of each day during the applicable period. With respect to any security or instrument
for which such data is not available on Bloomberg, &ldquo;VWAP&rdquo; shall mean such valuation methodology as the Chief Compliance
Officer of the Employer may determine in good faith, which determination will be final and binding on all parties absent manifest
error.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Terms used in this Agreement that are plural
include the singular and the singular includes the plural.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In WITNESS WHEREOF, undersigned have executed
this Amended and Restated Co-Manager Agreement as of August 1, 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: justify">EMPLOYEE</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify; border-bottom: Black 1pt solid">/s/ David Schechter</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify">David Schechter</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: justify">EMPLOYER</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify">ICAHN ENTERPRISE L.P.</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: justify">By: Ichan Enterprise G.P., Inc., its general partner</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; width: 42%">&nbsp;</TD>
    <TD STYLE="text-align: justify; width: 4%">By:</TD>
    <TD STYLE="text-align: justify; width: 30%; border-bottom: Black 1pt solid">/s/ Daniel A. Ninivaggi</TD>
    <TD STYLE="width: 24%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Name: Daniel A. Ninivaggi</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Title: President</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify">ICHAN CAPITAL LP</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">By:</TD>
    <TD STYLE="text-align: justify; border-bottom: Black 1pt solid">/s/  Daniel A. Ninivaggi</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Name: Daniel A. Ninivaggi</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Title: President</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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