Restricted Stock Purchase Agreement - Michael T. Felix



 EXHIBIT 10.4 
 CATALYTIC CAPITAL INVESTMENT CORPORATION 
 RESTRICTED STOCK PURCHASE AGREEMENT

 THIS RESTRICTED STOCK PURCHASE
AGREEMENT (the “Agreement”) is made as of March 1, 2006, by and between CATALYTIC CAPITAL INVESTMENT CORPORATION, a
Delaware corporation (the “Company”), and MICHAEL T. FELIX (“Purchaser”). 
 The
Company desires to issue, and Purchaser desires to acquire, stock of the Company as herein described, on the terms and conditions hereinafter set forth: 
 1. PURCHASE AND SALE OF STOCK. Purchaser hereby agrees to purchase from the Company, and the Company hereby agrees to sell to Purchaser, an
aggregate of 7,813 shares of the Common Stock of the Company (the “Stock”) at $0.0064 per share, for an aggregate purchase price of $50.00, payable in cash. 
 The closing hereunder, including payment for and delivery of the Stock, shall occur at the offices of the Company immediately following the execution of this Agreement, or at such other time and place as the parties
may mutually agree (the “Closing”). 
 2. REPURCHASE OPTION 
 (a) In the event Purchaser’s relationship with the Company (or a parent or subsidiary of the Company) terminates for any reason (including
death or disability), or for no reason, with or without cause, such that after such termination Purchaser is no longer an employee or director of, or consultant to, the Company, then the Company shall have an irrevocable option (the “Repurchase
Option”), for a period of ninety (90) days after said termination, or such longer period as may be mutually agreed to by the Company and the Purchaser, to repurchase from Purchaser or Purchaser’s personal representative, as the case
may be, the number of shares of Stock up to but not exceeding the number of shares of Stock that have not vested in accordance with the provisions of Section 2(b) below as of such termination date and at a price (the “Option Price”)
that is the lower of (i) the original price per share paid by Purchaser for such Stock as indicated above or (ii) the Fair Market Value per share of such Stock as of the date of such repurchase. For purposes of the Repurchase Option, the
“Fair Market Value” shall mean the value of the Stock as determined in good faith by the Company’s Board of Directors. Purchaser hereby acknowledges that the Company has no obligation, either now or in the future, to repurchase any
of the shares of Stock, whether vested or unvested, at any time. Further, Purchaser acknowledges and understands that, in the event that the Company repurchases shares of Stock, the repurchase price may be less than the price Purchaser originally
paid for such shares and that Purchaser bears any risk associated with the potential loss in value. 
 (b) One hundred percent
(100%) of the Stock shall initially be subject to the Repurchase Option. On the date one (1) year from the Vesting Commencement Date (as set forth on the signature page to this Agreement) (the “Vesting Anniversary Date”) fifty
percent (50%) of the Stock subject to the Repurchase Option shall vest and be released from the Repurchase Option. Thereafter, 1/24th of the Stock shall vest and be released from the Repurchase Option on a monthly basis measured from the Vesting Anniversary Date, until all the 

  

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Stock is released from the Repurchase Option (provided in each case that Purchaser remains an employee or director of, or a consultant to, the Company (or a
parent or subsidiary of the Company) as of the date of such release). 
 3. EXERCISE OF REPURCHASE
OPTION. The Repurchase Option shall be exercised by written notice signed by an officer of the Company or by any assignee or assignees of the Company and delivered or mailed as provided in Section 17(a). Such notice shall
identify the number of shares of Stock to be purchased and shall notify Purchaser of the time, place and date for settlement of such purchase, which shall be scheduled by the Company within the term of the Repurchase Option set forth in
Section 2(a) above. The Company shall be entitled to pay for any shares of Stock purchased pursuant to its Repurchase Option, at the Company’s option, in cash or by offset against any indebtedness owing to the Company by Purchaser, or by a
combination of both. Upon delivery of such notice and payment of the purchase price in any of the ways described above, the Company shall become the legal and beneficial owner of the Stock being repurchased and all rights and interest therein or
related thereto, and the Company shall have the right to transfer to its own name the Stock being repurchased by the Company, without further action by Purchaser. 
 4. ADJUSTMENTS TO STOCK. If, from time to time, during the term of the Repurchase Option there is any change affecting the Company’s outstanding Common Stock as a class that is
effected without the receipt of consideration by the Company (through merger, consolidation, reorganization, reincorporation, stock dividend, dividend in property other than cash, stock split, liquidating dividend, combination of shares, change in
corporation structure or other transaction not involving the receipt of consideration by the Company), then any and all new, substituted or additional securities or other property to which Purchaser is entitled by reason of Purchaser’s
ownership of Stock shall be immediately subject to the Repurchase Option and shall be included in the word “Stock” for all purposes of the Repurchase Option with the same force and effect as the shares of the Stock presently subject to the
Repurchase Option, but only to the extent the Stock is, at the time, covered by such Repurchase Option. While the total Option Price shall remain the same after each such event, the Option Price per share of Stock upon exercise of the Repurchase
Option shall be appropriately adjusted. 
 5. CORPORATE TRANSACTION. In the event of (a) an Acquisition (as defined
below); or (b) an Asset Transfer (as defined below) ((a) and (b) being collectively referred to herein as a “Corporate Transaction”), then the Repurchase Option shall be assigned by the Company to any successor of the Company (or
the successor’s parent) in connection with such Corporate Transaction. To the extent that the Repurchase Option remains in effect following such a Corporation Transaction, it shall apply to the new capital stock or other property received in
exchange for the Stock in consummation of the Corporate Transaction, but only to the extent the Stock is covered by such right at that time. Appropriate adjustments shall be made to the Option Price per share payable upon exercise of the Repurchase
Option to reflect the effect of the Corporate Transaction upon the Company’s capital structure; provided, however, that the aggregate Option Price shall remain the same. For the purposes of this Section 5:
(i) “Acquisition” shall mean any consolidation or merger of the Company with or into any other corporation or other entity or person, or any other corporate reorganization, in which the capital stock of the Company immediately prior
to such consolidation, merger or reorganization, represents less than 50% of the voting power of the surviving entity (or, if the surviving entity is 

  

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a wholly owned subsidiary, its parent) immediately after such consolidation, merger or reorganization; or (B) any transaction or series of related
transactions to which the Company is a party in which in excess of fifty percent (50%) of the Company’s voting power is transferred; provided that an Acquisition shall not include (x) any consolidation or merger effected exclusively
to change the domicile of the Company, or (y) any transaction or series of transactions principally for bona fide equity financing purposes in which cash is received by the Company or any successor or indebtedness of the Company is cancelled or
converted or a combination thereof; and (ii) “Asset Transfer” shall mean a sale, lease, exclusive license or other disposition of all or substantially all of the assets of the Company. 
 6. TERMINATION OF REPURCHASE OPTION. Sections 2, 3, 4 and 5 of this Agreement shall terminate upon the
exercise in full or expiration of the Repurchase Option, whichever occurs first. 
 7. ESCROW OF UNVESTED
STOCK. As security for Purchaser’s faithful performance of the terms of this Agreement and to insure the availability for delivery of Purchaser’s Stock upon exercise of the Repurchase Option herein provided for,
Purchaser agrees, at the Closing, to deliver to and deposit with the Secretary of the Company or the Secretary’s designee (the “Escrow Agent”), as escrow agent in this transaction, three (3) stock assignments duly endorsed (with
date and number of shares blank) in the form attached hereto as Exhibit A, together with a certificate or certificates evidencing all of the Stock subject to the Repurchase Option; said documents are to be held by the Escrow Agent and
delivered by said Escrow Agent pursuant to the Joint Escrow Instructions of the Company and Purchaser set forth in Exhibit B attached hereto and incorporated herein by reference, which instructions shall also be delivered to the Escrow Agent
at the Closing. Purchaser hereby acknowledges that the Secretary of the Company, or the Secretary’s designee, is so appointed as the escrow agent with the foregoing authorities as a material inducement to make this Agreement and that said
appointment is coupled with an interest and is accordingly irrevocable. Purchaser agrees that the Escrow Agent shall not be liable to any party hereto (or to any other party). The Escrow Agent may rely upon any letter, notice or other document
executed by any signature purported to be genuine and may resign at any time. Purchaser agrees that if the then acting Escrow Agent resigns for any or no reason, the Board of Directors of the Company shall have the power to appoint a successor to
serve as escrow agent pursuant to the terms of this Agreement and shall be included in the term “Escrow Agent” for all purposes, with the same force and effect as if originally appointed escrow agent. 
 8. PARACHUTE PAYMENTS. 
 (a) If any payment or benefit Purchaser would receive pursuant to a Corporate Transaction from the Company or otherwise (“Payment”) would (i) constitute a “parachute payment” within the meaning of
Section 280G of the Internal Revenue Code of 1986, as amended (the “Code”), and (ii) but for this sentence, be subject to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then such Payment
shall be reduced to the Reduced Amount. The “Reduced Amount” shall be either (x) the largest portion of the Payment that would result in no portion of the Payment being subject to the Excise Tax or (y) the largest portion, up to
and including the total, of the Payment, whichever amount, after taking into account all applicable federal, state and local employment taxes, income taxes, and the Excise 

  

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Tax (all computed at the highest applicable marginal rate), results in Purchaser’s receipt, on an after-tax basis, of the greater amount of the Payment
notwithstanding that all or some portion of the Payment may be subject to the Excise Tax. If a reduction in payments or benefits constituting “parachute payments” is necessary so that the Payment equals the Reduced Amount, reduction shall
occur in the following order unless Purchaser elects in writing a different order (provided, however, that such election shall be subject to the Company’s approval if made on or after the date on which the event that triggers the Payment
occurs): reduction of cash payments; cancellation of accelerated vesting of stock awards; reduction of employee benefits. In the event that acceleration of vesting of stock award compensation is to be reduced, such acceleration of vesting shall be
cancelled in the reverse order of the date of grant of Purchaser’s stock awards unless Purchaser elects in writing a different order for cancellation. 
 (b) The accounting firm engaged by the Company for general audit purposes as of the day prior to the effective date of the Corporate Transaction shall perform the foregoing calculations. If the accounting firm
so engaged by the Company is serving as accountant or auditor for the individual, entity or group effecting the Corporate Transaction, the Company shall appoint a nationally recognized accounting firm to make the determinations required hereunder.
The Company shall bear all expenses with respect to the determinations by such accounting firm required to be made hereunder. 
 (c)
The accounting firm engaged to make the determinations hereunder shall provide its calculations, together with detailed supporting documentation, to the Company and Purchaser within fifteen (15) calendar days after the date on which
Purchaser’s right to a Payment is triggered (if requested at that time by the Company or Purchaser) or such other time as requested by the Company or Purchaser. If the accounting firm determines that no Excise Tax is payable with respect to a
Payment, it shall furnish the Company and Purchaser with an opinion reasonably acceptable to Purchaser that no Excise Tax will be imposed with respect to such Payment. Any good faith determinations of the accounting firm made hereunder shall be
final, binding and conclusive upon the Company and Purchaser. 
 9. RIGHTS OF PURCHASER. Subject to the
provisions of Sections 7, 10, 13 and 15 herein, Purchaser shall exercise all rights and privileges of a shareholder of the Company with respect to the Stock deposited in escrow. Purchaser shall be deemed to be the holder for purposes of receiving
any dividends that may be paid with respect to such shares of Stock and for the purpose of exercising any voting rights relating to such shares of Stock, even if some or all of such shares of Stock have not yet vested and been released from the
Repurchase Option. 
 10. LIMITATIONS ON TRANSFER. In addition to any other limitation on transfer
created by applicable securities laws, Purchaser shall not assign, hypothecate, donate, encumber or otherwise dispose of any interest in the Stock while the Stock is subject to the Repurchase Option. After any Stock has been released from the
Repurchase Option, Purchaser shall not assign, hypothecate, donate, encumber or otherwise dispose of any interest in the Stock except in compliance with the provisions herein and applicable securities laws. Furthermore, the Stock shall be subject to
any right of first refusal in favor of the Company or its assignees that may be contained in the Company’s Bylaws. Purchaser hereby further acknowledges that Purchaser may be required to hold the Stock purchased hereunder indefinitely.
During the period of time during which the Purchaser holds the Stock, the value of the Stock may increase or decrease, and any risk associated with such Stock and such fluctuation in value shall be borne by the Purchaser. 
  

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 11. RESTRICTIVE LEGENDS. All certificates representing the Stock shall have endorsed
thereon legends in substantially the following forms (in addition to any other legend which may be required by other agreements between the parties hereto): 
 (a) “THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO AN OPTION SET FORTH IN AN AGREEMENT BETWEEN THE COMPANY AND THE REGISTERED HOLDER, OR SUCH HOLDER’S PREDECESSOR IN INTEREST, A COPY OF
WHICH IS ON FILE AT THE PRINCIPAL OFFICE OF THE COMPANY. ANY TRANSFER OR ATTEMPTED TRANSFER OF ANY SHARES SUBJECT TO SUCH OPTION IS VOID WITHOUT THE PRIOR EXPRESS WRITTEN CONSENT OF THE COMPANY.” 
 (b) “THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 AS AMENDED. THEY MAY NOT BE SOLD,
OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THE SECURITIES UNDER SAID ACT OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.” 
 (c) Any legend required by appropriate blue sky officials. 
 12. INVESTMENT REPRESENTATIONS. In connection with the purchase of the Stock, Purchaser represents to the Company the following: 
 (a) Purchaser is aware of the Company’s business affairs and financial condition and has acquired sufficient information about the Company to
reach an informed and knowledgeable decision to acquire the Stock. Purchaser is purchasing the Stock for investment for Purchaser’s own account only and not with a view to, or for resale in connection with, any “distribution” thereof
within the meaning of the Act. 
 (b) Purchaser understands that the Stock has not been registered under the Act by reason of a
specific exemption therefrom, which exemption depends upon, among other things, the bona fide nature of Purchaser’s investment intent as expressed herein. 
 (c) Purchaser acknowledges and understands that the Stock must be held indefinitely unless the Stock is subsequently registered under the Act or an exemption from such registration is available. Purchaser
understands that the certificate evidencing the Stock will be imprinted with a legend which prohibits the transfer of the Stock unless the Stock is registered or such registration is not required in the opinion of counsel for the Company.

 (d) Purchaser is familiar with the provisions of Rule 144 under the Act, as in effect from time to time, which, in substance,
permits limited public resale of “restricted securities” acquired, directly or indirectly, from the issuer thereof (or from an affiliate of such issuer), in a non-public offering subject to the satisfaction of certain conditions. 

  

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 The Stock may be resold by Purchaser in certain limited circumstances subject to the provisions of Rule
144, which requires, among other things: (i) the availability of certain public information about the Company and (ii) the resale occurring following the required holding period under Rule 144 after the Purchaser has purchased, and made
full payment of (within the meaning of Rule 144), the securities to be sold. 
 (e) Purchaser further understands that at the time
Purchaser wishes to sell the Stock there may be no public market upon which to make such a sale and that, even if such a public market then exists, the Company may not be satisfying the current public information requirements of Rule 144 and that,
in such event, Purchaser would be precluded from selling the Stock under Rule 144 even if the minimum holding period requirement had been satisfied. 
 (f) Purchaser warrants and represents that Purchaser is an “accredited investor” as that term is defined in Rule 501 of Regulation D promulgated by the Securities and Exchange Commission under the
Act. 
 (g) Purchaser further warrants and represents that Purchaser has either (i) preexisting personal or business
relationships with the Company or any of its officers, directors or controlling persons, or (ii) the capacity to protect his own interests in connection with the purchase of the Stock by virtue of the business or financial expertise of himself
or of professional advisors to Purchaser who are unaffiliated with and who are not compensated by the Company or any of its affiliates, directly or indirectly. 
 13. MARKET STAND-OFF AGREEMENT. Purchaser shall not sell, dispose of, transfer, make any short sale of, grant any option for the purchase of, or enter into any hedging or
similar transaction with the same economic effect as a sale, any Common Stock or other securities of the Company held by Purchaser, including the Stock (the “Restricted Securities”), during the 180-day period following the effective date
of a registration statement of the Company filed under the Act (the “Lock Up Period”); (or such longer period, not to exceed 18 days after the expiration of the 180-day period, as the underwriters or the Company shall request in order to
facilitate compliance with NASD Rule 2711) provided, however, that nothing contained in this Section 13 shall prevent the exercise of the Repurchase Option during the Lock Up Period. Purchaser agrees to execute and deliver such other
agreements as may be reasonably requested by the Company and/or the managing underwriter which are consistent with the foregoing or which are necessary to give further effect thereto. In order to enforce the foregoing covenant, the Company may
impose stop-transfer instructions with respect to Purchaser’s Restricted Securities until the end of such period. The underwriters of the Company’s stock are intended third party beneficiaries of this Section 13 and shall have the
right, power and authority to enforce the provisions hereof as though they were a party hereto. 
 14. SECTION 83(B)
ELECTION. Purchaser understands that Section 83(a) of the Code, taxes as ordinary income the difference between the amount paid for the Stock and the fair market value of the Stock as of the date any restrictions on the Stock
lapse. In this context, “restriction” includes the right of the Company to buy back the Stock pursuant to the Repurchase Option set forth in Section 2(a) above. Purchaser understands that Purchaser may elect to be taxed at the time
the Stock is purchased, rather than when and as the Repurchase Option expires, by filing an 

  

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election under Section 83(b) of the Code (an “83(b) Election”) with the Internal Revenue Service in the form attached hereto as Exhibit
C within thirty (30) days from the date the Stock is purchased. Even if the fair market value of the Stock at the time of the execution of this Agreement equals the amount paid for the Stock, the 83(b) Election must be made to avoid income
under Section 83(a) of the Code in the future. Purchaser understands that failure to file such an 83(b) Election in a timely manner may result in adverse tax consequences for Purchaser. Purchaser further understands that an additional copy of
such 83(b) Election is required to be filed with his or her federal income tax return for the calendar year in which the date of this Agreement falls. Purchaser acknowledges and understands that it is solely Purchaser’s obligation and
responsibility to timely file such 83(b) Election, and neither the Company nor the Company’s legal or financial advisors shall have any obligation or responsibility with respect to such filing. Purchaser acknowledges that the foregoing is
only a summary of the effect of United States federal income taxation with respect to purchase of the Stock hereunder and does not purport to be complete. Purchaser further acknowledges that the Company has directed Purchaser to seek independent
advice regarding the applicable provisions of the Code, the income tax laws of any municipality, state or foreign country in which Purchaser may reside, and the tax consequences of Purchaser’s death. Purchaser assumes all responsibility for
filing an 83(b) Election and paying all taxes resulting from such election or the lapse of the restrictions on the Stock. 
 15.
REFUSAL TO TRANSFER. The Company shall not be required to (a) transfer on its books any shares of Stock of the Company which shall have been transferred in violation of any of the provisions set
forth in this Agreement or (b) treat as owner of such shares; accord the right to vote as such owner, or pay dividends to any transferee to whom such shares shall have been so transferred. 
 16. NO EMPLOYMENT RIGHTS. This Agreement is not an employment contract and nothing in this Agreement shall affect in
any manner whatsoever the right or power of the Company (or a parent or subsidiary of the Company) to terminate Purchaser’s relationship with the Company, whether as an employee, consultant, director or otherwise, for any reason at any time,
with or without cause and with or without notice. 
 17. MISCELLANEOUS. 
 (a) Notices. Any notices required or permitted hereunder shall be in writing and shall be deemed effectively given: (a) upon personal delivery
to the party to be notified, (b) when sent by confirmed telex, facsimile or electronic mail if sent during normal business hours of the recipient, and if not during normal business hours of the recipient, then on the next business day,
(c) three (3) calendar days after having been sent by registered or certified mail, return receipt requested, postage prepaid, or (d) one (1) business day after deposit with a nationally recognized overnight courier, specifying
next day delivery, with written verification of receipt. All communications shall be sent to the other party hereto at such party’s address hereinafter set forth on the signature page hereof, or at such other address as such party may designate
by ten (10) days advance written notice to the other party hereto. 
 (b) Successors and Assigns. This Agreement shall inure to
the benefit of the successors and assigns of the Company and, subject to the restrictions on transfer herein set 

  

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forth, shall be binding upon Purchaser and Purchaser’s successors and assigns. The Repurchase Option of the Company hereunder shall be assignable by the
Company at any time or from time to time, in whole or in part. 
 (c) Attorneys’ Fees; Specific Performance. Purchaser shall
reimburse the Company for all costs incurred by the Company in enforcing the performance of, or protecting its rights under, any part of this Agreement, including reasonable costs of investigation and attorneys’ fees. It is the intention of the
parties that the Company, upon exercise of the Repurchase Option and payment therefor pursuant to the terms of this Agreement, shall be entitled to receive the Stock, in specie, in order to have such Stock available for future issuance without
dilution of the holdings of other shareholders. Furthermore, it is expressly agreed between the parties that money damages are inadequate to compensate the Company for the Stock and that the Company shall, upon proper exercise of the Repurchase
Option, be entitled to specific enforcement of its rights to purchase and receive said Stock. 
 (d) Governing Law; Venue. This
Agreement shall be governed by and construed in accordance with the laws of the State of California. The parties agree that any action brought by either party to interpret or enforce any provision of this Agreement shall be brought in, and each
party agrees to, and does hereby, submit to the jurisdiction and venue of, the appropriate state or federal court for the district encompassing the Company’s principal place of business. 
 (e) Further Execution. The parties agree to take all such further action(s) as may be reasonably necessary to carry out and consummate this
Agreement as soon as practicable, and to take whatever steps may be necessary to obtain any governmental approval in connection herewith or otherwise qualify the issuance of the securities that are the subject of this Agreement. 
 (f) Independent Counsel. Purchaser acknowledges that this Agreement has been prepared on behalf of the Company by Cooley Godward
LLP, counsel to the Company and that Cooley Godward LLP does not represent, and is not acting on behalf of, Purchaser. Purchaser has been provided with an opportunity to consult with Purchaser’s own counsel with
respect to this Agreement. 
 (g) Entire Agreement; Amendment. This Agreement constitutes the entire agreement between the parties
with respect to the subject matter hereof and supersedes and merges all prior agreements or understandings, whether written or oral. This Agreement may not be amended, modified or revoked, in whole or in part, except by an agreement in writing
signed by each of the parties hereto. 
 (h) Severability. If one or more provisions of this Agreement are held to be unenforceable
under applicable law, the parties agree to renegotiate such provision in good faith. In the event that the parties cannot reach a mutually agreeable and enforceable replacement for such provision, then (i) such provision shall be excluded from
this Agreement, (ii) the balance of the Agreement shall be interpreted as if such provision were so excluded and (iii) the balance of the Agreement shall be enforceable in accordance with its terms. 
  

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 (i) Counterparts. This Agreement may be executed in two or more counterparts, each of which shall
be deemed an original and all of which together shall constitute one instrument. 
 (j) Circular 230 Disclaimer. THE TAX LAW IS VERY
COMPLEX. THIS AGREEMENT CONTAINS STATEMENTS REGARDING GENERAL TAX PRINCIPLES THAT MAY NOT BE SPECIFIC TO YOUR TAX SITUATION. THIS ADVICE WAS NOT INTENDED OR WRITTEN TO BE USED BY YOU FOR THE PURPOSE OF AVOIDING TAX PENALTIES THAT MIGHT BE IMPOSED ON
YOU. YOU SHOULD SEEK ADVICE BASED ON YOUR OWN PARTICULAR CIRCUMSTANCES FROM YOUR INDEPENDENT TAX ADVISOR. THIS DISCLAIMER IS REQUIRED BY THE INTERNAL REVENUE SERVICE’S CIRCULAR 230. 
  

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 IN WITNESS WHEREOF, the parties hereto have executed
this Agreement as of the day and year first above written. 
  

					
	CATALYTIC CAPITAL INVESTMENT CORPORATION
		
	By:	 	 /s/ RUSSELL I. PILLAR

		 	Russell I. Pillar
		 	Chief Executive Officer
			
		 	Address:	 	100 Wilshire Boulevard
		 		 	Suite 1100,
		 		 	Santa Monica, CA 90401


 PURCHASER ACKNOWLEDGES AND AGREES
THAT THE VESTING OF SHARES PURSUANT TO SECTION 2 HEREOF IS EARNED
ONLY BY CONTINUING SERVICE AS AN EMPLOYEE, DIRECTOR OR CONSULTANT OF
THE COMPANY. PURCHASER FURTHER ACKNOWLEDGES AND AGREES THAT NOTHING IN THIS
AGREEMENT SHALL CONFER UPON PURCHASER ANY RIGHT WITH RESPECT TO CONTINUATION
OF SUCH RELATIONSHIP WITH THE COMPANY, NOR SHALL IT INTERFERE IN ANY
WAY WITH PURCHASER’S RIGHT OR THE COMPANY’S RIGHT TO
TERMINATE SUCH RELATIONSHIP WITH PURCHASER AT ANY TIME, WITH OR WITHOUT
CAUSE. 
 PURCHASER ACKNOWLEDGES AND AGREES THAT
PURCHASER MUST HOLD THE COMMON STOCK PURCHASED HEREUNDER INDEFINITELY AND THAT
THE COMPANY HAS NO OBLIGATION TO REPURCHASE SUCH SHARES. PURCHASER FURTHER
ACKNOWLEDGES THAT ANY RISK RELATED TO THE FLUCTUATION IN THE VALUE OF
THE STOCK FROM AND AFTER THE DATE HEREOF, INCLUDING ANY LOSSES TO
PURCHASER AS A RESULT OF THE COMPANY’S EXERCISE OF ITS
REPURCHASE OPTION PURSUANT TO SECTION 2, SHALL BE BORNE BY PURCHASER. 
 PURCHASER ACKNOWLEDGES THAT PURCHASER HAS READ ALL
TAX RELATED SECTIONS AND FURTHER ACKNOWLEDGES PURCHASER HAS HAD AN OPPORTUNITY
TO CONSULT PURCHASER’S OWN TAX, LEGAL AND FINANCIAL ADVISORS REGARDING
THE PURCHASE OF COMMON STOCK UNDER THIS AGREEMENT. 
 PURCHASER ACKNOWLEDGES AND AGREES THAT, IN MAKING THE DECISION
TO PURCHASE THE COMMON STOCK HEREUNDER, PURCHASER HAS NOT RELIED ON
ANY STATEMENT, WHETHER WRITTEN OR ORAL, REGARDING THE SUBJECT MATTER HEREOF,
EXCEPT AS EXPRESSLY PROVIDED HEREIN AND IN THE ATTACHMENTS AND EXHIBITS
HERETO. 
  

							
	VESTING COMMENCEMENT DATE:	 		 	PURCHASER:
			
	March 1, 2006	 		 	 /s/ MICHAEL T. FELIX

		 		 	MICHAEL T. FELIX
				
	Escrow Agent:	 		 	 Address:
  
	 	[ _________________ ]
		 		 		 	
				
	 /s/ MATTHEW G. PILLAR
	 		 		 	
	MATTHEW G. PILLAR	 		 		 	

  

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 EXHIBIT A 
 STOCK ASSIGNMENTS SEPARATE FROM CERTIFICATE 







 STOCK ASSIGNMENT SEPARATE FROM CERTIFICATE 
 FOR VALUE RECEIVED, MICHAEL T. FELIX hereby sells,
assigns and transfers unto CATALYTIC CAPITAL INVESTMENT CORPORATION, a Delaware corporation (the “Company”), pursuant to the Repurchase Option
under that certain Restricted Stock Purchase Agreement, dated March 1, 2006, by and between the undersigned and the Company (the “Agreement”)
                     shares of Common Stock of the Company standing in the undersigned’s name on the books of the Company represented by
Certificate No(s)              and does hereby irrevocably constitute and appoint both the Company’s Secretary and the Company’s attorney, or either of them, to transfer
said stock on the books of the Company with full power of substitution in the premises. This Assignment may be used only in accordance with and subject to the terms and conditions of the Agreement, in connection with the repurchase of shares of
Common Stock issued to the undersigned pursuant to the Agreement, and only to the extent that such shares remain subject to the Company’s Repurchase Option under the Agreement. 
 Dated: March 1, 2006 
  

	
	 /s/ MICHAEL T. FELIX

	MICHAEL T. FELIX


 [INSTRUCTION: Please do not fill in any blanks other than the
signature line. The purpose of this Assignment is to enable the Company to exercise its repurchase option set forth in the Agreement without requiring additional signatures on the part of Purchaser.] 
  

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 STOCK ASSIGNMENT SEPARATE FROM CERTIFICATE 
 FOR VALUE RECEIVED, MICHAEL T. FELIX hereby sells,
assigns and transfers unto CATALYTIC CAPITAL INVESTMENT CORPORATION, a Delaware corporation (the “Company”), pursuant to the Repurchase Option
under that certain Restricted Stock Purchase Agreement, dated March 1, 2006, by and between the undersigned and the Company (the “Agreement”)
                     shares of Common Stock of the Company standing in the undersigned’s name on the books of the Company represented by
Certificate No(s)              and does hereby irrevocably constitute and appoint both the Company’s Secretary and the Company’s attorney, or either of them, to transfer
said stock on the books of the Company with full power of substitution in the premises. This Assignment may be used only in accordance with and subject to the terms and conditions of the Agreement, in connection with the repurchase of shares of
Common Stock issued to the undersigned pursuant to the Agreement, and only to the extent that such shares remain subject to the Company’s Repurchase Option under the Agreement. 
 Dated: March 1, 2006 
  

	
	 /s/ MICHAEL T. FELIX

	MICHAEL T. FELIX


 [INSTRUCTION: Please do not fill in any blanks other than the
signature line. The purpose of this Assignment is to enable the Company to exercise its repurchase option set forth in the Agreement without requiring additional signatures on the part of Purchaser.] 
  

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 STOCK ASSIGNMENT SEPARATE FROM CERTIFICATE 
 FOR VALUE RECEIVED, MICHAEL T. FELIX hereby sells,
assigns and transfers unto CATALYTIC CAPITAL INVESTMENT CORPORATION, a Delaware corporation (the “Company”), pursuant to the Repurchase Option
under that certain Restricted Stock Purchase Agreement, dated March 1, 2006, by and between the undersigned and the Company (the “Agreement”)
                     shares of Common Stock of the Company standing in the undersigned’s name on the books of the Company represented by
Certificate No(s)              and does hereby irrevocably constitute and appoint both the Company’s Secretary and the Company’s attorney, or either of them, to transfer
said stock on the books of the Company with full power of substitution in the premises. This Assignment may be used only in accordance with and subject to the terms and conditions of the Agreement, in connection with the repurchase of shares of
Common Stock issued to the undersigned pursuant to the Agreement, and only to the extent that such shares remain subject to the Company’s Repurchase Option under the Agreement. 
 Dated: March 1, 2006 
  

	
	 /s/ MICHAEL T. FELIX

	MICHAEL T. FELIX


 [INSTRUCTION: Please do not fill in any blanks other than the
signature line. The purpose of this Assignment is to enable the Company to exercise its repurchase option set forth in the Agreement without requiring additional signatures on the part of Purchaser.] 
  

 4 








 EXHIBIT B 
 JOINT ESCROW INSTRUCTIONS 







 Secretary 
 Catalytic Capital Investment Corporation 
 100 Wilshire Boulevard, Suite 1100 
 Santa Monica, CA 90401 
 Attention: Matthew G. Pillar 
 Ladies and Gentlemen: 
 As Escrow Agent for both CATALYTIC CAPITAL INVESTMENT
CORPORATION, a Delaware corporation (“Company”) and MICHAEL T. FELIX, an individual (“Purchaser”), you are hereby
authorized and directed to hold the documents delivered to you pursuant to the terms of that certain Restricted Stock Purchase Agreement dated as of March 1, 2006 (the “Agreement”), to which a copy of these Joint Escrow
Instructions is attached as Exhibit B, in accordance with the following instructions: 
 1. In the event Company or an assignee
shall elect to exercise the Repurchase Option set forth in the Agreement, the Company or its assignee will give to Purchaser and you a written notice specifying the number of shares of stock to be purchased, the purchase price, and the time for a
closing thereunder at the principal office of the Company. Purchaser and the Company hereby irrevocably authorize and direct you to close the transaction contemplated by such notice in accordance with the terms of said notice. 
 2. At the closing, you are directed (a) to date the stock assignments necessary for the transfer in question, (b) to fill in the number
of shares being transferred, and (c) to deliver the same, together with the certificate evidencing the shares of stock to be transferred, to the Company against the simultaneous delivery to you of the purchase price (which may include suitable
acknowledgment of cancellation of indebtedness) for the number of shares of stock being purchased pursuant to the exercise of the Repurchase Option. 
 3. Purchaser irrevocably authorizes the Company to deposit with you any certificates evidencing shares of stock to be held by you hereunder and any additions and substitutions to said shares as specified in the
Agreement. Purchaser does hereby irrevocably constitute and appoint you as his attorney-in-fact and agent for the term of this escrow to execute with respect to such securities all documents necessary or appropriate to make such securities
negotiable and complete any transaction herein contemplated, including but not limited to any appropriate filing with state or government officials or bank officials. Subject to the provisions of this paragraph 3, Purchaser shall exercise all rights
and privileges of a shareholder of the Company while the stock is held by you. 
 4. This escrow shall terminate upon the exercise in
full or expiration of the Repurchase Option, whichever occurs first. 
 5. If at the time of termination of this escrow under
Section 4 herein you should have in your possession any documents, securities, or other property belonging to Purchaser, you shall deliver all of the same to Purchaser and shall be discharged of all further obligations hereunder; provided,
however, that if at the time of termination of this escrow you are advised by the Company that any property subject to this escrow is the subject of a pledge or other security agreement, you shall deliver all such property to the pledgeholder or
other person designated by the Company. 
 6. Except as otherwise provided in these Joint Escrow Instructions, your duties hereunder
may be altered, amended, modified or revoked only by a writing signed by all of the parties hereto. 
  

 2. 








 7. You shall be obligated only for the performance of such duties as are specifically set forth
herein and may rely and shall be protected in relying or refraining from acting on any instrument reasonably believed by you to be genuine and to have been signed or presented by the proper party or parties. You shall not be personally liable for
any act you may do or omit to do hereunder as Escrow Agent or as attorney-in-fact for Purchaser while acting in good faith and in the exercise of your own good judgment, and any act done or omitted by you pursuant to the advice of your own attorneys
shall be conclusive evidence of such good faith. 
 8. You are hereby expressly authorized to disregard any and all warnings given by
any of the parties hereto or by any other person or Company, excepting only orders or process of courts of law, and are hereby expressly authorized to comply with and obey orders, judgments or decrees of any court. In case you obey or comply with
any such order, judgment or decree of any court, you shall not be liable to any of the parties hereto or to any other person, firm or Company by reason of such compliance, notwithstanding any such order, judgment or decree being subsequently
reversed, modified, annulled, set aside, vacated or found to have been entered without jurisdiction. 
 9. You shall not be liable in
any respect on account of the identity, authorities or rights of the parties executing or delivering or purporting to execute or deliver these Joint Escrow Instructions documents or papers deposited or called for hereunder. 
 10. You shall not be liable for the outlawing of any rights under any statute of limitations with respect to these Joint Escrow Instructions or
any documents deposited with you. 
 11. Your responsibilities as Escrow Agent hereunder shall terminate if you shall cease to be
Secretary of the Company or if you shall resign by written notice to the Company. In the event of any such termination, the Secretary of the Company shall automatically become the successor Escrow Agent unless the Company shall appoint another
successor Escrow Agent, and Purchaser hereby confirms the appointment of such successor as Purchaser’s attorney-in-fact and agent to the full extent of your appointment. 
 12. If you reasonably require other or further instruments in connection with these Joint Escrow Instructions or obligations in respect hereto,
the necessary parties hereto shall join in furnishing such instruments. 
 13. It is understood and agreed that should any dispute
arise with respect to the delivery and/or ownership or right of possession of the securities held by you hereunder, you are authorized and directed to retain in your possession without liability to anyone all or any part of said securities until
such dispute shall have been settled either by mutual written agreement of the parties concerned or by a final order, decree or judgment of a court of competent jurisdiction after the time for appeal has expired and no appeal has been perfected, but
you shall be under no duty whatsoever to institute or defend any such proceedings. 
 14. Unless otherwise provided herein, any notice
required or permitted under this Agreement shall be deemed effective upon the earliest of (a) actual receipt, or (b) (i) one (1) business day after delivery by confirmed facsimile transmission, (ii) one (1) business day
after the business day of deposit with a nationally recognized overnight courier service for next day delivery, freight prepaid, or (iii) three (3) business days after deposit with the United States Post Office for delivery by registered
or certified mail, postage prepaid. Any such notice shall be addressed to the party to be notified at the address indicated for such party indicated in this Section 14, or at such other address as such party may designate by ten
(10) days’ advance written notice to the other parties. 
  

 3. 









			
	        Company:	  	 Catalytic Capital Investment Corporation
 Catalytic
 100 Wilshire Boulevard, Suite 1100
 Santa
Monica, CA 9401
 Facsimile: (310) 566-4433
 Telephone: (310)
566-4450

		
	        Purchaser:	  	Michael T. Felix
		  	[address]
		
	        Escrow Agent:	  	 Secretary, Catalytic Capital Investment Corporation
 100
Wilshire Boulevard, Suite 1100
 Santa Monica, CA 9401
 Attention:
Matthew G. Pillar
 Facsimile: (310) 566-4433
 Telephone: (310)
566-4450


 15. By signing these Joint Escrow Instructions, you become a party hereto only for the
purpose of said Joint Escrow Instructions; you do not become a party to the Agreement. 
 16. You shall be entitled to employ such
legal counsel and other experts (including, without limitation, the firm of Cooley Godward LLP) as you may deem necessary properly to advise you in connection with your obligations hereunder. You may rely upon the advice of such
counsel, and you may pay such counsel reasonable compensation therefor. The Company shall be responsible for all fees generated by such legal counsel in connection with your obligations hereunder. 
 17. This instrument shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. It
is understood and agreed that references to “you” and “your” herein refer to the original Escrow Agents. It is understood and agreed that the Company may at any time or from time to time assign its rights under the Agreement and
these Joint Escrow Instructions. 
  

 4. 








 18. This Agreement will be governed by and construed in accordance with the corporate laws of the
State of Delaware and, as to matters other than corporate law, the laws of the State of California, as such laws apply to contracts entered into and wholly to be performed therein by residents of such state. 
  

			
	Very truly yours,
	
	CATALYTIC CAPITAL INVESTMENT CORPORATION
		
	By:	 	 /s/ RUSSELL I. PILLAR

		 	Russell I. Pillar
		 	Chief Executive Officer
	
	PURCHASER
	
	 /s/ MICHAEL T. FELIX

	MICHAEL T. FELIX


  

	
	ESCROW AGENT:
	
	 /s/ MATTHEW G. PILLAR

	Matthew G. Pillar
	Secretary, Catalytic Capital Investment Corporation

  

 5. 








 EXHIBIT C 
 March 1, 2006 
 Director of Internal Revenue 
 Internal Revenue Service Center 
 Fresno, CA 93888 
  

	Re:	Election Under Section 83(b) 

 Gentlemen: 
 This statement constitutes an election pursuant to Section 83(b) of the Internal Revenue Code of 1986, as amended from time to
time. 
 Pursuant to Treasury Regulations Section 1.83-2, the following information is submitted: 
  

							
	1.	  	Name:	 	MICHAEL T. FELIX (“Purchaser”)	 	
				
		  	Address:	 	[                        ]	 	
		  		 		 	
				
		  	Social Security No.:	 	 [                        ]
	 	
			
	2.	  	Property Description:	 	7,813 shares of the Common Stock of Catalytic Capital Investment Corporation
	
	3.  The date on which the Stock was purchased is March 1, 2006.
	
	4.  The taxable year for which the election is made is the calendar year 2006.
	
	5.  Restrictions: If, for any reason, on or before March 1, 2008 Purchaser is no longer an employee or director of, or consultant to, the Corporation, the
Corporation shall have the option to repurchase some or all of the Stock (depending upon the date of such termination) for a price equal to the lesser of cost or the fair market value as of the date of such repurchase.
	
	6.  The fair market value at the time of transfer of the Stock, determined without regard to any restriction other than a restriction which by its terms will never
lapse, is $50.00.
	
	7.  The amount paid by the undersigned taxpayer for the property is $50.00.
	
	8.  A copy of this statement has been furnished to Catalytic Capital Investment Corporation.

 Dated: March 1, 2006. 
  

	
	Very truly yours,
	
	 /s/ MICHAEL T. FELIX

	MICHAEL T. FELIX

  

 6.