Extract to table

Each firm's consent must be separately obtained and evidenced in writing

We assess the risk of Morningstar Zanthor withholding consent as low, but it is the primary risk to the transaction timeline and must be managed proactively

The Notice Provision The IPO Lock-Up Agreements contain a provision requiring that, in the event any of the IPO Underwriters grants an early release or waiver of the lock-up restrictions, the IPO Underwriters shall provide at least 14 calendar days' advance notice to PPC and to the affected Lock-Up Parties prior to the effective date of any such early release or waiver

Prospectus Supplement Disclosure The fact that the Selling Stockholders' shares are being sold pursuant to a lock-up waiver must be clearly and prominently disclosed in the prospectus supplement for the Secondary Offering

Sales of PPC common stock by Section 16 insiders must be reported on Form 4, filed with the SEC no later than two business days following the date of the transaction

Nonetheless, this risk must be proactively managed through early outreach and direct engagement at the partner level