Document:

Form of Restricted Stock Unit Award Agreement - 2008 Stock Incentive Plan

 Exhibit 10.6 
 QUEST SOFTWARE, INC. 
 RESTRICTED
STOCK UNIT GRANT NOTICE 
 (2008 STOCK
INCENTIVE PLAN) 
 Quest Software, Inc. (the “Company”), pursuant to Section 6(b) of the
Company’s 2008 Stock Incentive Plan (the “Plan”), hereby grants to Participant a Restricted Stock Unit Award covering the number of restricted stock units (the “RSUs”) set forth below (the
“Award”). This Award shall be evidenced by this Restricted Stock Unit Grant Notice (the “Grant Notice”) and the Restricted Stock Unit Award Agreement attached hereto (the
“Agreement”). This Award is subject to all of the terms and conditions as set forth herein, the Agreement, and the Plan, each of which are attached hereto and incorporated herein in their entirety. 
  

			
	 Participant:
	  	____________________________________________________
	 Date of Grant:
	  	____________________________________________________
	 Vesting Commencement Date:
	  	____________________________________________________
	 Number of RSUs:
	  	____________________________________________________
	 Payment for Common Stock:
	  	Participant’s services to the Company

 Vesting Schedule: [The RSUs vest in a series of three (3) successive equal annual installments over
the three (3)-year period measured from the Vesting Commencement Date. ] 
  

						
	Special Tax Withholding Right:	  	 ̈	 	  	You may direct the Company (i) to withhold, from shares otherwise issuable upon vesting of the Award, a portion of those shares with an aggregate fair market value (measured as of the
delivery date) equal to the amount of the applicable withholding taxes, and (ii) to make a cash payment equal to such fair market value directly to the appropriate taxing authorities, as provided in Section 10 of the Agreement.
		  	 ̈	 	  	None

 Delivery Schedule: Delivery of one share of Common Stock for each RSU which vests shall occur on the
applicable vesting date, provided that delivery may be delayed as provided in Section 3 of the Agreement.  
 Additional
Terms/Acknowledgements: Participant acknowledges receipt of, and understands and agrees to, this Grant Notice, the Agreement, and the Plan. Participant further acknowledges that as of the Date of Grant, this Grant Notice, the Agreement and the
Plan set forth the entire understanding between Participant and the Company regarding the award of the RSUs and the underlying Common Stock and supersede all prior oral and written agreements on that subject with the exception of (i) Stock
Awards previously granted and delivered to Participant under the Plan, and (ii) the following agreements only: 
  

									
	 OTHER AGREEMENTS:
	 		 	 
			
	QUEST SOFTWARE, INC.	 		 	PARTICIPANT
				
	By:	 	 	 		 	 
		 	Signature	 		 		 	Signature
					
	Title:	 	 	 		 	Date:	 	 
		 		 		 		 	
					
	Date:	 	 	 		 		 	
		 		 		 		 	

 ATTACHMENTS: Agreement, and Plan 

 QUEST SOFTWARE, INC. 
 2008 STOCK INCENTIVE PLAN 
 RESTRICTED STOCK UNIT AWARD AGREEMENT 
 Pursuant to the Restricted Stock Unit Grant Notice (“Grant Notice”) and this Restricted Stock Unit Award Agreement (“Agreement”), Quest Software, Inc. (the
“Company”) has awarded you a Restricted Stock Unit Award pursuant to the Company’s 2008 Stock Incentive Plan (the “Plan”) for the number of restricted stock units (“RSUs”)
as indicated in the Grant Notice (collectively, the “Award”). Defined terms not explicitly defined in this Agreement but defined in the Plan shall have the same definitions as in the Plan. Subject to adjustment and the terms
and conditions as provided herein and in the Plan, each RSU shall represent the right to receive one (1) share of Common Stock. 
 The
details of this Award, in addition to those set forth in the Grant Notice, are as follows. 
 1. NUMBER
OF RSUS AND SHARES OF COMMON STOCK. 
 (a) The number of RSUs subject to this Award and the number of shares of Common Stock deliverable with respect to such RSUs may be adjusted from time to time for Capitalization Adjustments as described in
Section 10(a) of the Plan. You shall receive no benefit or adjustment to this Award with respect to any cash dividend or other distribution that does not result from a Capitalization Adjustment as described in Section 10(a) of the Plan;
provided, however, that this sentence shall not apply with respect to any shares of Common Stock that are delivered to you in connection with this Award after such shares have been delivered to you. 
 (b) Any additional RSUs, shares of Common Stock, cash or other property that becomes subject to the Award pursuant to this
Section 1 shall be subject, in a manner determined by the Board, to the same forfeiture restrictions, restrictions on transferability, and time and manner of delivery as applicable to the other RSUs and Common Stock covered by this Award.

 (c) Notwithstanding the provisions of this Section 1, no fractional RSUs or rights for fractional shares of
Common Stock shall be created pursuant to this Section 1. The Board shall, in its discretion, determine an equivalent benefit for any fractional RSUs or fractional shares that might be created by the adjustments referred to in this
Section 1. 
 2. VESTING. The RSUs shall vest, if at all, as provided in the Vesting
Schedule set forth in your Grant Notice and the Plan, provided that vesting shall cease upon the termination of your Continuous Service. 
 3. DELIVERY OF SHARES OF COMMON STOCK. 
 (a) Subject to the provisions of this Agreement and the Plan, in the event one or more RSUs vests, the Company shall deliver to you one (1) share of Common Stock for each RSU that vests on the applicable
vesting date. However, if a scheduled delivery date falls on a date that is not a business day, such delivery date shall instead fall on the next following business day. The form of such delivery (e.g., a stock certificate or electronic entry
evidencing such shares) shall be determined by the Company. 

 (b) Notwithstanding the foregoing, in the event that you are subject to the
Company’s Insider Trading Policy and any shares covered by this Award are scheduled to be delivered on a day (the “Original Delivery Date”) that does not occur during a “window period” applicable to you,
as determined by the Company in accordance with such policy, then such shares shall not be delivered on such Original Delivery Date and shall instead be delivered on the first business day of the next occurring “window period” applicable
to you but in no event later than the later of: (i) December 31st of the calendar year of the Original Delivery Date, or (ii) the fifteenth (15th) day of the third calendar month following the Original Delivery Date. 

4. PAYMENT BY YOU. This Award was granted in consideration of your past
services for the Company and its Affiliates. Subject to Section 11 below, except as otherwise provided in the Grant Notice, you will not be required to make any payment to the Company (other than your past services for the Company) with respect
to your receipt of the Award, vesting of the RSUs, or the delivery of the shares of Common Stock underlying the RSUs. 
 5.
DETRIMENTAL ACTIVITIES. If, at any time within the later of (i) twelve (12) months after the termination of your Continuous Service, or (ii) within twelve (12) months after you
are delivered any shares of Common Stock pursuant to Section 3 of this Award, you engage in any Detrimental Activity then the Company may rescind the Award, in which case you shall pay to the Company or forfeit the amount of any Stock Gain
realized or payment received as a result of this Award. 
 6. SECURITIES LAW
COMPLIANCE. You may not be issued any Common Stock under this Award unless either (i) the shares of Common Stock are then registered under the Securities Act, or (ii) the Company has determined that such
issuance would be exempt from the registration requirements of the Securities Act. This Award must also comply with other applicable laws and regulations governing the Award, and you shall not receive such Common Stock if the Company determines that
such receipt would not be in material compliance with such laws and regulations. 
 7. RESTRICTIVE
LEGENDS. The Common Stock issued under this Award shall be endorsed with appropriate legends, if any, determined by the Company. 
 8. TRANSFER RESTRICTIONS. Prior to the time that shares of Common Stock have been delivered to you, you may not transfer, pledge, sell or otherwise dispose of the shares in respect of this Award.
For example, you may not use shares that may be issued in respect of your RSUs as security for a loan, nor may you transfer, pledge, sell or otherwise dispose of such shares. This restriction on transfer will lapse upon delivery to you of shares in
respect of your vested RSUs. This Award is not transferable, except by will or by the laws of descent and distribution. Notwithstanding the foregoing, by delivering written notice to the Company, in a form satisfactory to the Company, you may
designate a third party who, in the event of your death, shall thereafter be entitled to receive any distribution of Common Stock to which you were entitled at the time of your death pursuant to this Agreement. 
  

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 9. AWARD NOT A SERVICE
CONTRACT. This Award is not an employment or service contract, and nothing in this Award shall be deemed to create in any way whatsoever any obligation on your part to continue in the service of the Company or any
Affiliate, or on the part of the Company or any Affiliate to continue such service. In addition, nothing in this Award shall obligate the Company or any Affiliate, their respective shareholders, boards of directors or employees to continue any
relationship that you might have as an Employee or Consultant of the Company or any Affiliate. 
 10. UNSECURED
OBLIGATION. This Award is unfunded, and even as to any RSUs that vest, you shall be considered an unsecured creditor of the Company with respect to the Company’s obligation, if any, to issue Common Stock
pursuant to this Agreement. You shall not have voting or any other rights as a shareholder of the Company with respect to the Common Stock acquired pursuant to this Agreement until such Common Stock is issued to you pursuant to Section 3 of
this Agreement. Upon such issuance, you will obtain full voting and other rights as a shareholder of the Company with respect to the Common Stock so issued. Nothing contained in this Agreement, and no action taken pursuant to its provisions, shall
create or be construed to create a trust of any kind or a fiduciary relationship between you and the Company or any other person. 
 11.
WITHHOLDING OBLIGATIONS. 
 (a) On or before the time you receive a distribution of
Common Stock pursuant to this Award, or at any time thereafter as requested by the Company, you hereby authorize any required withholding from any amounts payable to you (including Common Stock issuable to you), or otherwise agree to make adequate
provision in cash for any sums required to satisfy the federal, state, local and foreign tax withholding obligations of the Company or any Affiliate which arise in connection with this Award (the “Withholding Taxes”). If
specified in your Grant Notice, you may direct the Company to withhold shares of Common Stock with a Fair Market Value (measured as of the date shares of Common Stock are delivered pursuant to Section 3) equal to the amount of such Withholding
Taxes; provided, however, that the number of such shares of Common Stock so withheld shall not exceed the amount necessary to satisfy the Company’s required tax withholding obligations using the minimum statutory withholding rates for
federal, state, local and foreign tax purposes, including payroll taxes, that are applicable to supplemental taxable income. 
 (b) Unless the tax withholding obligations of the Company and/or any Affiliate are satisfied, the Company shall have no obligation to deliver to you any Common Stock. 
 (c) In the event the Company’s obligation to withhold arises prior to the delivery to you of Common Stock or it is determined
after the delivery of Common Stock to you that the amount of the Company’s withholding obligation was greater than the amount withheld by the Company, you agree to indemnify and hold the Company harmless from any failure by the Company to
withhold the proper amount. 
  

 3. 

 12. NOTICES. Any notices required to be given or delivered to
the Company under the terms of this Award shall be in writing and addressed to the Company at its principal corporate offices. Any notice required to be given or delivered to you shall be in writing and addressed to your address as on file with the
Company at the time notice is given. All notices shall be deemed effective upon personal delivery or upon deposit in the U.S. mail, postage prepaid and properly addressed to the party to be notified. 
 13. HEADINGS. The headings of the Sections in this Agreement are inserted for convenience only and shall not be deemed to
constitute a part of this Agreement or to affect the meaning of this Agreement. 
 14. AMENDMENT. This Agreement
may be amended only by a writing executed by the Company and you which specifically states that it is amending this Agreement. Notwithstanding the foregoing, this Agreement may be amended solely by the Company by a writing which specifically states
that it is amending this Agreement, so long as a copy of such amendment is delivered to you, and provided that no such amendment adversely affecting your rights hereunder may be made without your written consent. Without limiting the foregoing, the
Company reserves the right to change, by written notice to you, the provisions of this Agreement in any way it may deem necessary or advisable to carry out the purpose of the grant as a result of any change in applicable laws or regulations or any
future law, regulation, ruling, or judicial decision, provided that any such change shall be applicable only to rights relating to that portion of the Award which has not been delivered to you in Common Stock pursuant to Section 3. 

15. MISCELLANEOUS. 
 (a) The rights and obligations of the Company under this Award shall be transferable by the Company to any one or more persons or entities, and all covenants and agreements hereunder shall inure to the benefit
of, and be enforceable by the Company’s successors and assigns. 
 (b) You agree upon request to execute any
further documents or instruments necessary or desirable in the sole determination of the Company to carry out the purposes or intent of this Award. 
 (c) You acknowledge and agree that you have reviewed this Award in its entirety, have had an opportunity to obtain the advice of counsel prior to executing and accepting this Award and fully understand all
provisions of this Award. 
 (d) This Agreement shall be subject to all applicable laws, rules, and regulations, and to
such approvals by any governmental agencies or national securities exchanges as may be required. 
 (e) All obligations
of the Company under the Plan and this Agreement shall be binding on any successor to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially
all of the business and/or assets of the Company. 
  

 4. 

 16. GOVERNING PLAN DOCUMENT.
This Award is subject to all the provisions of the Plan, the provisions of which are hereby made a part of this Award, and is further subject to all interpretations, amendments, rules and regulations which may from time to time be promulgated and
adopted pursuant to the Plan. In the event of any conflict between the provisions of this Award and those of the Plan, the provisions of the Plan shall control; provided, however, that Section 3 of this Agreement shall govern the timing
of any distribution of Common Stock under this Award. The Company shall have the power to interpret the Plan and this Agreement and to adopt such rules for the administration, interpretation, and application of the Plan as are consistent therewith
and to interpret or revoke any such rules. All actions taken and all interpretations and determinations made by the Board shall be final and binding upon you, the Company, and all other interested persons. No member of the Board shall be personally
liable for any action, determination, or interpretation made in good faith with respect to the Plan or this Agreement. 
 17.
EFFECT ON OTHER EMPLOYEE BENEFIT PLANS. The value of the Award subject to this Agreement shall not be included as compensation, earnings, salaries, or
other similar terms used when calculating benefits under any employee benefit plan (other than the Plan) sponsored by the Company or any Affiliate except as such plan otherwise expressly provides. The Company expressly reserves its rights to amend,
modify, or terminate any or all of the employee benefit plans of the Company or any Affiliate. 
 18. CHOICE
OF LAW. The interpretation, performance and enforcement of this Agreement shall be governed by the law of the state of California without regard to such state’s conflicts of laws rules. 
 19. SEVERABILITY. If all or any part of this Agreement or the Plan is declared by any court or governmental authority to be
unlawful or invalid, such unlawfulness or invalidity shall not invalidate any portion of this Agreement or the Plan not declared to be unlawful or invalid. Any Section of this Agreement (or part of such a Section) so declared to be unlawful or
invalid shall, if possible, be construed in a manner which will give effect to the terms of such Section or part of a Section to the fullest extent possible while remaining lawful and valid. 
 20. OTHER DOCUMENTS. You hereby acknowledge receipt or the right to receive a prospectus providing the
information required by Rule 428(b)(1) promulgated under the Securities Act. In addition, you acknowledge receipt of the Company’s Insider Trading Policy. 
 21. DEFINITIONS. For purposes of this Agreement, the following definitions shall apply: 
 (a) “Detrimental Activity” means: (i) engaging or participating, directly or indirectly, in any business that is in competition with or adverse to the business of the Company in any
manner whatsoever; (ii) soliciting or otherwise inducing the Company’s employees to leave the Company’s business or employ; or (iii) any other act of Misconduct. 
 (b) “Misconduct” means the commission of any act of fraud, embezzlement or dishonesty by you, any
unauthorized use or disclosure by you of confidential information or trade secrets of the Company (or any Affiliate), or any intentional wrongdoing by you, whether by omission or commission, which adversely affects the business or affairs of the
Company (or any Affiliate) in a material manner. This shall not limit the grounds for the dismissal or discharge of any person in the Continuous Service of the Company (or any Affiliate). 
  

 5. 

 (c) “Stock Gain” means an amount equal to the aggregate
Fair Market Value of the shares of Common Stock delivered to your pursuant to Section 3 as well as any shares of Common Stock held back to satisfy applicable federal and state withholding taxes pursuant to Section 11, without regard to any
subsequent decrease or increase in the Fair Market Value of the shares of Common Stock. 
 * * * * * 
 This Restricted Stock Unit Award Agreement shall be deemed to be signed by the Company and you upon the signing by you of the Restricted Stock Unit Grant
Notice to which it is attached. 
  

 6.Form of Letter Agreement

 Exhibit 10.1 
 FORM OF 
 LETTER AGREEMENT 
             , 2008 
 Opportunity
Acquisition Corp. 
 c/o JMP Group Inc. 
 600 Montgomery Street,
Suite 1100 
 San Francisco, California 94111 
  

	 	Re:	Initial Public Offering of Opportunity Acquisition Corp. (the “Company”) 

 Ladies and Gentlemen: 
 This letter is being delivered to you in connection with an underwritten initial
public offering (the “IPO”) of the Company’s units (the “Units”), each consisting of one share of the Company’s common stock, par value $0.001 per share (the “Common Stock”), and one warrant exercisable for
one share (subject to adjustment) of Common Stock (each, a “Warrant”). Certain capitalized terms used herein are defined in Section 12 hereof. 
 In consideration of the Company proceeding with the IPO and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned hereby represents, warrants, and
acknowledges to, and agrees with, the Company as follows: 
 1. In the event that the Company fails to consummate an Initial Business
Combination within 24 months from the date of the Prospectus, the undersigned will take all reasonable actions within its, his, or her power to (a) cause the Trust Account to be liquidated and its assets to be distributed to the Public
Stockholders as soon as reasonably practicable and (b) cause the Company to liquidate as soon as reasonably practicable. The undersigned agrees that in connection with any liquidation of the Company it, he, or she will take all reasonable
actions within its, his, or her power to cause the Company to adopt a plan of dissolution and distribution in accordance with Section 281(b) of the General Corporation Law of the State of Delaware or any successor provision thereto. 

2. (a) Neither the undersigned nor any family member or affiliate of the undersigned will be entitled to receive, and no such person will accept, any
finder’s fee, reimbursement, cash payment, or other compensation or payment from the Company prior to, or for any services rendered prior to or in order to effectuate the consummation of or in connection with, an Initial Business Combination,
other than (i) repayment to JMP of the Promissory Note in the amount of $200,000 (and accrued interest thereon) evidencing a loan made to the Company by JMP to cover offering-related and organizational expenses, (ii) payment of $10,000 per
month to JMP for office space and administrative services pursuant to the terms of the Administrative Services Agreement until the earlier of consummation of an Initial Business Combination or the Company’s liquidation, and
(iii) reimbursement for any out-of-pocket expenses incurred by executive officers and directors of the Company and employees of JMP and its subsidiaries in connection with activities on behalf of the Company, such as identifying, investigating,
and consummating an Initial Business Combination. The Company’s Audit Committee will review and approve all payments made to the undersigned and its affiliates, other than the payment described in clauses (i) and (ii) in the
immediately preceding sentence, and any payments made to members of the Company’s Audit Committee will be reviewed and approved by the Company’s Board of Directors, with any interested director abstaining from such review and approval.

  

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 (b) Neither the undersigned nor any affiliate or family member of the undersigned will be entitled to
receive, and no such person will accept, a finder’s fee, consulting fee, or any other similar fees or other compensation from any other person or entity in connection with an Initial Business Combination, other than compensation or fees that
may be received for any services provided following such Initial Business Combination. 
 (c) The undersigned acknowledges and agrees that the
Company will not consummate any Initial Business Combination with any entity affiliated with the Company’s directors or officers, any Existing Holders, or JMP or any of its affiliates (including an entity that is either a portfolio company of,
or has otherwise received a financial investment from, JMP or any of its affiliates), unless the Company shall have obtained an opinion with respect to the fair market value of the target business from an unaffiliated, independent investment banking
firm that is a member of the Financial Industry Regulatory Authority, Inc. (“FINRA”) and an opinion from an unaffiliated, independent investment banking firm which is a member of FINRA to the effect that the Initial Business Combination is
fair to the Company’s stockholders from a financial point of view. 
 3. In connection with any proposed Initial Business Combination
and any amendment to the Company’s amended and restated certificate of incorporation to provide for the Company’s perpetual existence that the Company submits to its stockholders for approval, the undersigned shall vote the Founder’s
Shares owned by the undersigned in the same manner as the majority of the IPO Shares voted by the Public Stockholders and the undersigned shall vote all shares of Common Stock that the undersigned may acquire in the IPO or in the secondary market
(whether as part of Units or otherwise) in favor of the Initial Business Combination and an amendment to the Company’s amended and restated certificate of incorporation to provide for the Company’s perpetual existence. 
 4. With respect to all Founder’s Securities and Private Placement Securities, if any, owned by the undersigned, the undersigned hereby waives any
and all right, title, interest, and claims of any kind in or to any distributions of monies, property, or other assets in the Trust Account as a result of any liquidation of the Company (each, a “Claim”) in the event the Company does not
consummate an Initial Business Combination and hereby agrees to reimburse the Company for any distribution of monies, property, or other assets from the Trust Account received by the undersigned in respect of the undersigned’s Founder’s
Securities and Private Placement Securities in connection with any such liquidation. The undersigned acknowledges and agrees that, upon the Company’s liquidation prior to an Initial Business Combination, all Warrants issued by the Company that
are owned by the undersigned will terminate worthless. The undersigned hereby waives and agrees not to exercise any conversion rights in respect of any Initial Business Combination. The undersigned hereby waives any Claim the undersigned may have in
the future as a result of, or arising out of, any contracts or agreements with the Company (other than claims arising after consummation of an Initial Business Combination) and the undersigned agrees that it will not seek recourse against the Trust
Account for any reason whatsoever. 
 5. [THIS PROVISION IS FOR JMP ONLY] The undersigned shall indemnify and hold harmless the
Company from and against any and all losses, liabilities, claims, damages, and expenses whatsoever (including, but not limited to, any and all legal or other expenses reasonably incurred in investigating, preparing, or defending against any
litigation, whether pending or threatened, or any claim whatsoever) to which the Company may become subject, but only if, and to the extent that (a) such losses, liabilities, claims, damages, or expenses reduce the amounts in the Trust Account
available for payment to Public Stockholders in the event of a liquidation of the Company or conversion of shares of Common Stock in connection with an Initial Business Combination, and (b) such losses, liabilities, claims, damages, or expenses
are made by, or result from or arise in connection with a claim made by or any amount owed or alleged to be owed to (i) a vendor for services rendered or products sold to the Company, (ii) a third party with which the Company entered into
a contractual relationship following consummation 

  

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of the IPO, or (iii) a prospective target business; provided that such indemnity shall not apply to (x) any claimed amounts owed to a third party
that executed a waiver of all right, title, interest, and claims of any kind in or to the Trust Account, or (y) as to any claims under the Company’s obligation to indemnify the Underwriters against certain liabilities, including
liabilities under the Securities Act of 1933, as amended, pursuant to the Underwriting Agreement. As used in the preceding sentence, the term “vendor” means any third party that provides goods or services to the Company (including
providers of any financing). In addition, in the event that the Company’s assets held outside the Trust Account are insufficient to pay the costs and expenses of liquidation of the Company, the undersigned agrees to indemnify and hold harmless
the Company from and against any and all costs and expenses of such liquidation and, without limitation to the foregoing, to provide the Company with funds necessary to complete such liquidation. 
 6. [THIS PROVISION IS FOR JMP ONLY] The undersigned hereby agrees that, on a date that is within the five-day period following (x) the date
that is 30 days after the date of the Underwriting Agreement or, if earlier, (y) the date the Underwriters terminate their option to purchase Optional Units (as defined in the Underwriting Agreement), the undersigned will forfeit to the
Company, and the Company shall accept from the undersigned, at no cost, the number of Founder’s Units determined by multiplying 562,500 by a fraction, the numerator of which is 2,250,000 minus the number of Optional Units purchased by the
Underwriters upon the exercise of their over-allotment option and the denominator of which is 2,250,000; provided that there shall be no such forfeiture if the Underwriters shall have purchased all of the Optional Units. Anything herein to the
contrary notwithstanding, the undersigned agrees that, until such time as there is no longer any possibility of forfeiture of any Founder’s Unit pursuant to the preceding sentence, the undersigned will retain all right, title, and interest in
and to at least 562,500 Founder’s Units, free and clear of all liens, claims, and encumbrances. 
 7. [THIS PROVISION IS FOR
DIRECTORS AND OFFICERS ONLY] The undersigned agrees to serve as an officer and/or a member of the Board of Directors of the Company (in each case as set forth in the Registration Statement and the Prospectus) until the earlier of the
consummation by the Company of the Initial Business Combination or the liquidation of the Company; provided, however, that nothing herein shall be construed as providing a right of the undersigned to retain any position as an officer or director if
removed by proper corporate action. The undersigned’s biographical information furnished to the Company and included in the Registration Statement and the Prospectus is true and accurate in all respects, does not omit any material information
with respect to the undersigned’s background, and contains all of the information necessary in order to make the statements therein not misleading or required to be disclosed pursuant to Item 401 of Regulation S-K promulgated under the
Securities Act of 1933, as amended. The undersigned’s questionnaire furnished to the Company and the Underwriters in connection with the IPO is true and accurate in all respects. The undersigned represents and warrants that: 
 (a) the undersigned is not subject to or a respondent in any legal action for, any injunction, cease-and-desist order, or order or stipulation to desist
or refrain from, any act or practice relating to the offering of securities in any jurisdiction; 
 (b) the undersigned has never been
convicted of or pleaded guilty to any crime (i) involving any fraud, (ii) relating to any financial transaction or handling of funds of another person, or (iii) pertaining to any dealings in any securities and the undersigned is not
currently a defendant in any such criminal proceeding; 
 (c) the undersigned has never been suspended or expelled from membership in any
securities or commodities exchange or association or had a securities or commodities license or registration denied, suspended, or revoked; and 
  

 3 

 (d) [THIS PROVISION FOR JMP ONLY] the undersigned is capable of funding a shortfall in the Trust
Account to satisfy any foreseeable indemnification obligation under Section 5 above and to fund any foreseeable shortfall in amounts necessary to effect a liquidation of the Company as contemplated by Section 5 above. 
 8. The undersigned agrees that the undersigned will not propose any amendment to Article FIFTH or SIXTH of the Company’s amended and restated
certificate of incorporation or support, endorse, vote in favor of, or recommend or take any action to amend or waive any provisions thereof, other than any amendment in connection with, and that becomes effective upon or after, and Initial Business
Combination. 
 9. [THIS PROVISION IS FOR DIRECTORS AND OFFICERS ONLY] The undersigned has full right and power, without violating any
agreement by which he or she is bound (including, without limitation, any non-competition or non-solicitation agreement with any employer or former employer), to enter into and perform this letter agreement and serve as an officer, and/or a director
of the Company (as set forth in the Registration Statement and the Prospectus), and hereby consents to being named in the Registration Statement and the Prospectus as an officer and/or a director of the Company, as applicable. [THIS PROVISION IS
FOR ALL OTHER FOUNDERS] The undersigned has full right and power, without violating any agreement by which he, she, or it is bound, to enter into and perform this letter agreement, and hereby consents to being named in the Registration Statement
and the Prospectus. 
  10. (a) The undersigned shall not, directly or indirectly, sell, offer, contract or grant any option to sell,
pledge, transfer, hedge or establish or increase an open “put equivalent position” or liquidate or decrease a “call equivalent position” within the meaning of Rule 16a-1 of the Securities Exchange Act of 1934, as amended, or
otherwise dispose of or transfer, or register under the Securities Act of 1933, as amended, and make any demand for or exercise any right for such registration of, (i) any Founder’s Securities (including any shares of Common Stock or other
securities issued or issuable upon exercise of Founder’s Warrants) until one year after the consummation of the Initial Business Combination, unless, subsequent to the consummation of the Initial Business Combination, (A) the Closing Price
(as such term is defined in the Warrant Agreement) of the Company’s Common Stock equals or exceeds the Subject Amount (“Subject Amount” means $14.25 or, in the event that the exercise price of the Warrants is adjusted pursuant to the
Warrant Agreement, such amount as shall be obtained by multiplying the Subject Amount in effect immediately prior to such adjustment by the same fraction used to adjust the exercise price) per share for any 20 trading days within any 30-trading-day
period, or (B) the Company consummates a merger, capital stock exchange, stock purchase, asset acquisition, or other similar transaction which results in all of the Company’s stockholders having the right to exchange their shares of Common
Stock for cash, securities, or other property (the “Founder’s Securities Lock-Up Period”), (ii) any Units or shares of Common Stock (whether part of the Units offered in the IPO or not) purchased in the IPO (other than DUP
Securities) or in the secondary market, until one year after the Initial Business Combination (the “IPO Lock-Up Period”), (iii) any Warrants (whether part of the Units sold in the IPO or not and including any shares of Common Stock
issued or issuable upon exercise of such Warrants) purchased in the IPO (other than DUP Securities) or in the secondary market, until after the Initial Business Combination (the “Warrants Lock-Up Period”), (iv) any Private Placement
Securities (including the shares of Common Stock issued or issuable upon exercise of the Private Placement Warrants), until after the consummation of the Initial Business Combination (the “Private Placement Securities Lock-Up Period”; each
of the Founder’s Securities Lock-Up Period, the IPO Lock-Up Period, the Warrants Lock-Up Period and the Private Placement Securities Lock-Up Period is sometimes referred to as a “Lock-Up Period”), or (v) any limited liability
company or other equity interests in Opp. Funding or any direct or indirect general partner, managing member, or other controlling entity thereof, until after the end of the longest Lock-Up Period. 
   

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 Notwithstanding the foregoing, (A) the undersigned may transfer any of the foregoing
securities to any Permitted Transferees, so long as, prior to such transfer, such Permitted Transferee executes and delivers to the Company an agreement, in form and substance satisfactory to the Company, to the effect set forth in Sections 3, 4, 8,
10 (other than the last sentence of Section 10(a)), 11(c) and 12 of this letter agreement, and (B) in the event that the undersigned holds any Registrable Securities (as defined in the Registration Rights Agreement) and is entitled to
registration rights under Registration Rights Agreement, the undersigned may, commencing three months prior to the expiration of the Lock-Up Period applicable to such Registrable Securities, exercise such registration rights and register such
Registrable Securities for resale under the Securities Act of 1933, as amended (provided that, except as provided in clause (A) of this sentence, there shall be no sale or other transfer of such Registrable Securities, all of the restrictions
on sales and other dispositions and all of the other restrictions set forth in this Section 10 shall remain applicable with respect to such Registrable Securities, until termination of the Lock-Up Period applicable to those Registrable
Securities). [THIS PROVISION IS FOR THE MANAGING MEMBERS OF THE LLC ONLY] In addition, until the end of the longest Lock-Up Period, the undersigned shall cause Opp. Funding and each direct or indirect general partner, managing member or other
controlling entity thereof not to, directly or indirectly, sell, issue, offer, contract or grant an option to sell, pledge, transfer, hedge, or establish or increase an open “put equivalent position” or liquidate or decrease a “call
equivalent position” within the meaning of Rule 16a-1(h) of the Securities Exchange Act of 1934, as amended, or otherwise dispose of or transfer, any limited liability company or other equity interests in Opp. Funding or any direct or indirect
general partner, managing member or other controlling entity thereof.  
 (b) If (a) during the last 17 days of any Lock-Up
Period, the Company issues an earnings release or material news or a material event relating to the Company occurs or (b) before the expiration of any Lock-Up Period, the Company announces that it will release earnings results or becomes aware
that material news or a material event relating to the Company will occur during the 16-day period beginning on the last day of such Lock-Up Period, such Lock-Up Period will be extended for 18 days beginning on the date of the issuance of the
earnings release or the occurrence of the material news or the material event. The Company agrees to give the undersigned prior notice of any announcement or other circumstances that give rise to an extension of any Lock-Up Period. 
 (c) The undersigned acknowledges and agrees that the foregoing transfer restrictions supersede the transfer restrictions set forth in the Initial Unit
Subscription Agreement with respect to the Founder’s Securities and in the Warrant Purchase Agreement with respect to the Private Placement Securities. 
 (d) The undersigned acknowledges and agrees that the Founder’s Securities, the Private Placement Warrants, and the shares of Common Stock issuable upon exercise of the Founder’s Warrants and the Private
Placement Warrants have not been registered under the Securities Act of 1933, as amended, or the securities laws of any state or other jurisdiction and may not be offered, sold, or otherwise transferred in violation of the Securities Act of 1933, as
amended, or the applicable securities laws of any state or other jurisdiction. 
 11. The undersigned represents and warrants that:

 (a) if the undersigned is a party to either the Services Agreement, the Initial Units Subscription Agreement, or Warrant Purchase
Agreement, each such agreement to which the undersigned is a party has been duly authorized, executed, and delivered by the undersigned, and is a valid and binding agreement of the undersigned, enforceable against the undersigned in accordance with
its terms except as the enforceability thereof may be limited by bankruptcy, insolvency, or similar laws affecting creditors’ rights generally from time to time in effect and by equitable principles of general applicability; 
  

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 (b) the Registration Rights Agreement has been duly authorized by, and upon execution and delivery by the
parties thereto, will have been duly executed and delivered by, and will be a valid and binding agreement, of the undersigned, enforceable against the undersigned in accordance with its terms except as the enforceability thereof may be limited by
bankruptcy, insolvency, or similar laws affecting creditors’ rights generally from time to time in effect and by equitable principles of general applicability; and 
 (c) this letter agreement has been duly authorized, executed, and delivered by the undersigned and is a valid and binding agreement of the undersigned, enforceable against the undersigned in accordance with its terms
except as the enforceability hereof may be limited by bankruptcy, insolvency, or similar laws affecting creditors’ rights generally from time to time in effect and by equitable principles of general applicability; 
 12. As used herein: 
 (a)
“Administrative Services Agreement” shall mean an Administrative Services Agreement, dated             , 2008, entered into by and between the Company and JMP relating to
the use of office space and administrative services. 
 (b) The terms “affiliate” and “affiliated” have the meanings set
forth in Rule 405 under the Securities Act of 1933, as amended. 
 (c) “DUP Securities” means Units sold pursuant to the directed
unit program (the “DUP”) established in connection with the IPO, including the shares of Common Stock and Warrants included in Units sold pursuant to the DUP and the shares of Common Stock issued or issuable upon exercise of Warrants
included in the Units sold pursuant to the DUP. 
 (d) “Existing Holders” means JMP, Opp. Funding, all directors of the Company, and
all other persons or entities that own any Common Stock, Warrants, or Units immediately prior to completion of the IPO. 
 (e)
“Founder’s Securities” shall mean the 4,312,500 Units of the Company (the “Founder’s Units”), each consisting of one share of Common Stock (the “Founder’s Shares”) and one warrant to purchase one share
(subject to adjustment) of Common Stock (including the shares of Common Stock issued or issuable upon exercise of such Warrants) (the “Founder’s Warrants”), initially issued to JMP (3,712,500 Units) and Opp. Funding (600,000 Units)
pursuant to the Initial Unit Subscription Agreements and subject (in the case of the Founder’s Units issued to JMP) to reduction in the even that the Underwriters’ over-allotment option set forth in the Underwriting Agreement is not
exercised in full, including any securities issued as a dividend or other distribution with respect to or in exchange for or in replacement of any of the foregoing securities. 
 (f) “Initial Unit Subscription Agreements” means the Initial Unit Subscription Agreement between JMP and the Company and the Initial Unit
Subscription Agreement between Opp. Funding and the Company, each dated as of January 11, 2008 and relating to the purchase by JMP and Opp. Funding of the Founder’s Securities. 
 (g) “Initial Business Combination” shall mean the Company’s first acquisition of one or more businesses, or a portion of such business or
businesses, through a merger, capital stock exchange, stock purchase, asset acquisition, or other similar business combination, provided that the business or businesses, or portion thereof, so acquired have an aggregate fair market value (determined
as provided in the Company’s amended and restated certificate of incorporation) of at least 80% of the balance in the 

  

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Trust Account (excluding deferred underwriting discounts and commissions and excluding taxes payable) at the time of such transaction and that meets the
other requirements for a “Initial Business Combination” set forth in the Company’s amended and restated certificate of incorporation. 
 (h) “IPO Shares” shall mean the shares of Common Stock included in the Units issued in the IPO, including, without limitation, any Units issued upon exercise of the Underwriters’ over-allotment option, and whether such shares
are part of or separate from such Units. 
 (i) “JMP” shall mean JMP Group Inc., a Delaware corporation. 
 (j) “Opp. Funding” shall mean Opp. Funding LLC., a Delaware limited liability company. 
 (k) “Permitted Transferee” of a holder of Units, Common Stock, or Warrants means: (i) immediate family members of the holder and trusts
established by the holder for estate planning purposes and transferees by will or the laws of descent, (ii) current and former officers, directors, members, and employees of the holder, (iii) affiliates of the holder, (iv) charitable
organizations, (v) the Company’s executive officers and directors, and (vi) transferees pursuant to a qualified domestic relations order. 
 (l) “Private Placement Securities” and “Private Placement Warrants” shall mean the 4,000,000 Warrants of the Company, each to purchase one share (subject to adjustment) of Common Stock (including
the shares of Common Stock issued or issuable upon exercise of such Warrants) issued to JMP pursuant to the Warrant Purchase Agreement. 
 (m)
“Promissory Note” shall mean the unsecured promissory note of the Company to JMP in the original principal amount of $200,000, bearing interest at a rate equal to the applicable U.S. Federal short-term rate under Section 1274(d) of
the U.S. Internal Revenue Code in effect at the time of payment, compounded semi-annually, calculated on the basis of actual days elapsed over a 365-day year, repayable on the earlier of the completion of the IPO or January 11, 2009.

 (n) “Prospectus” shall mean the final prospectus forming a part of the Registration Statement filed with the Securities and
Exchange Commission pursuant to Rules 424(b) and 430A of the Securities Act of 1933, as amended. 
 (o) “Public Stockholders” means
the owners from time to time of any IPO Shares (whether purchased in the IPO as part of Units or purchased in the secondary market as part of Units or as separate shares of Common Stock), including, to the extent applicable, the Existing Holders.

 (p) “Registration Rights Agreement” shall mean the Registration Rights Agreement, dated on or about the date hereof, entered into
by and among the Company and the investors named on the signature pages thereto. 
 (q) “Registration Statement” shall mean the
Company’s Registration Statement on Form S-1 (File No. 333-148768), originally filed by the Company with the Securities and Exchange Commission under the Securities Act of 1933, as amended, on January 22, 2008, in the form it became
effective and including the information deemed to be a part thereof at the time of effectiveness pursuant to Rule 430A under the Securities Act of 1933, as amended. 
  

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 (r) “Trust Account” shall mean the trust account established under the Investment Management
Trust Agreement, dated as of the date hereof, by and between the Company and American Stock Transfer & Trust Company, as Trustee. 
 (s) “Underwriters” shall mean the underwriters named in Schedule I to the Underwriting Agreement dated             , 2008 (the “Underwriting Agreement”)
entered into by and between the Company and Banc of America Securities LLC, as representative of such underwriters, in connection with the IPO. 
 (t) “Warrant Purchase Agreement” means the Warrant Purchase Agreement between JMP and the Company, dated as of             , 2008 relating to the purchase by JMP
of the Private Placement Securities. 
 (u) “Warrant Agreement” means the Warrant Agreement dated as of
            , 2008 between the Company and American Stock Transfer & Trust Company, as warrant agent. 
 The undersigned acknowledges and understands that the Company will rely upon the agreements, acknowledgements, representations, and warranties set forth
herein in proceeding with the IPO. 
 This letter agreement shall be binding on the undersigned and such person’s successors, heirs,
personal representatives, and assigns. This letter agreement shall terminate on the earlier of (i) the consummation of an Initial Business Combination and (ii) the distribution to the Public Stockholders of the Trust Account and
liquidation of the Company; provided that (A) such termination shall not relieve the undersigned from liability for any breach of this agreement prior to its termination and (B) if the Initial Business Combination is consummated, then,
anything here and to the contrary notwithstanding, the provisions of Section 5 and Section 10 hereof and this Section 12 shall survive any such termination and remain in full force and effect. 
 This letter agreement constitutes the entire agreement and understanding of the parties hereto in respect of its subject matter and supersedes all prior
understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter hereof or the transactions contemplated hereby. This letter agreement shall be governed by,
construed in accordance with, the laws of the State of New York, without giving effect to its choice of laws principles. 
 No term or
provision of this letter agreement may be amended, changed, waived, altered, or modified except by written instrument executed and delivered by each of the parties hereto. 
 [Signature Page Follows] 
  

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	[Name]
	
	Accepted and agreed:

  

			
	OPPORTUNITY ACQUISITION CORP.
		
	By:	 	 
		 	Name: Joseph A. Jolson
		 	Title: Chairman and Chief Executive Officer

  

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