Document:

Form of Amended & Restated Limited Partnership Agreement of Aveon Holdings I

 Exhibit 10.1 

 
  
  

 
  

AMENDED AND RESTATED LIMITED PARTNERSHIP AGREEMENT 
 OF 
 AVEON HOLDINGS I L.P. 

 
  

Dated as of                    ,
2010 
  
  

The limited partner units of Aveon Holdings I L.P. (the “Units”) have not been registered under the U.S. Securities Act of 1933, as amended,
the securities laws of any state, province or any other applicable securities laws and are being sold in reliance upon exemptions from the registration requirements of the Securities Act and such laws. The Units must be acquired for investment
only and may not be offered for sale, pledged, hypothecated, sold, assigned or transferred at any time except in compliance with (i) the Securities Act, any applicable securities laws of any state or province, and any other applicable
securities laws; and (ii) the terms and conditions of this Amended and Restated Limited Partnership Agreement. The Units may not be transferred of record except in compliance with such laws and this Amended and Restated Limited Partnership
Agreement. Therefore, purchasers and other transferees of such Units will be required to bear the risk of their investment or acquisition for an indefinite period of time. 

 
  
  

 
  

  
 TABLE OF CONTENTS

  

							
	 	  	 	  	Page	 
	 ARTICLE I DEFINITIONS
	  	 	1	  
			
	 Section 1.1
	  	 Definitions
	  	 	1	  
		
	 ARTICLE II FORMATION, TERM, PURPOSE AND POWERS
	  	 	10	  
			
	 Section 2.1
	  	 Formation
	  	 	10	  
	 Section 2.2
	  	 Name
	  	 	11	  
	 Section 2.3
	  	 Term
	  	 	11	  
	 Section 2.4
	  	 Offices
	  	 	11	  
	 Section 2.5
	  	 Agent for Service of Process
	  	 	11	  
	 Section 2.6
	  	 Business Purpose
	  	 	11	  
	 Section 2.7
	  	 Powers of the Partnership
	  	 	11	  
	 Section 2.8
	  	 Partners; Admission of New Partners
	  	 	11	  
	 Section 2.9
	  	 Withdrawal
	  	 	12	  
		
	 ARTICLE III MANAGEMENT
	  	 	12	  
			
	 Section 3.1
	  	 General Partner
	  	 	12	  
	 Section 3.2
	  	 Compensation
	  	 	13	  
	 Section 3.3
	  	 Expenses
	  	 	13	  
	 Section 3.4
	  	 Officers
	  	 	13	  
	 Section 3.5
	  	 Authority of Partners
	  	 	13	  
	 Section 3.6
	  	 Action by Written Consent or Ratification
	  	 	14	  
		
	 ARTICLE IV DISTRIBUTIONS
	  	 	14	  
			
	 Section 4.1
	  	 Distributions
	  	 	14	  
	 Section 4.2
	  	 Liquidation Distribution
	  	 	15	  
	 Section 4.3
	  	 Limitations on Distribution
	  	 	15	  
		
	 ARTICLE V CAPITAL CONTRIBUTIONS; CAPITAL ACCOUNTS; TAX ALLOCATIONS; TAX MATTERS
	  	 	16	  
			
	 Section 5.1
	  	 Initial Capital Contributions
	  	 	16	  
	 Section 5.2
	  	 No Additional Capital Contributions
	  	 	16	  
	 Section 5.3
	  	 Capital Accounts
	  	 	16	  
	 Section 5.4
	  	 Allocations of Profits and Losses
	  	 	16	  
	 Section 5.5
	  	 Special Allocations
	  	 	17	  
	 Section 5.6
	  	 Tax Allocations
	  	 	18	  
	 Section 5.7
	  	 Tax Advances
	  	 	18	  
	 Section 5.8
	  	 Tax Matters
	  	 	19	  
	 Section 5.9
	  	 Other Allocation Provisions
	  	 	19	  
		
	 ARTICLE VI BOOKS AND RECORDS; REPORTS
	  	 	19	  

  
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	 	  	 	  	Page	 
	 Section 6.1
	  	 Books and Records
	  	 	19	  
		
	 ARTICLE VII PARTNERSHIP UNITS
	  	 	20	  
			
	 Section 7.1
	  	 Units
	  	 	20	  
	 Section 7.2
	  	 Register
	  	 	21	  
	 Section 7.3
	  	 Registered Partners
	  	 	21	  
		
	 ARTICLE VIII VESTING; FORFEITURE OF INTERESTS; TRANSFER RESTRICTIONS
	  	 	21	  
			
	 Section 8.1
	  	 Vesting of Initial Unvested Units
	  	 	21	  
	 Section 8.2
	  	 Forfeiture of Units Held by Initial Limited Partners
	  	 	21	  
	 Section 8.3
	  	 Limited Partner Transfers
	  	 	22	  
	 Section 8.4
	  	 Mandatory Exchanges
	  	 	23	  
	 Section 8.5
	  	 Encumbrances
	  	 	23	  
	 Section 8.6
	  	 Further Restrictions
	  	 	23	  
	 Section 8.7
	  	 Rights of Assignees
	  	 	24	  
	 Section 8.8
	  	 Admissions, Withdrawals and Removals
	  	 	24	  
	 Section 8.9
	  	 Admission of Assignees as Substitute Limited Partners
	  	 	24	  
	 Section 8.10
	  	 Withdrawal and Removal of Limited Partners
	  	 	25	  
		
	 ARTICLE IX DISSOLUTION, LIQUIDATION AND TERMINATION
	  	 	25	  
			
	 Section 9.1
	  	 No Dissolution
	  	 	25	  
	 Section 9.2
	  	 Events Causing Dissolution
	  	 	25	  
	 Section 9.3
	  	 Distribution upon Dissolution
	  	 	26	  
	 Section 9.4
	  	 Time for Liquidation
	  	 	26	  
	 Section 9.5
	  	 Termination
	  	 	26	  
	 Section 9.6
	  	 Claims of the Partners
	  	 	27	  
	 Section 9.7
	  	 Survival of Certain Provisions
	  	 	27	  
		
	 ARTICLE X LIABILITY AND INDEMNIFICATION
	  	 	27	  
			
	 Section 10.1
	  	 Liability of Partners
	  	 	27	  
	 Section 10.2
	  	 Indemnification
	  	 	28	  
		
	 ARTICLE XI MISCELLANEOUS
	  	 	30	  
			
	 Section 11.1
	  	 Severability
	  	 	30	  
	 Section 11.2
	  	 Notices
	  	 	30	  
	 Section 11.3
	  	 Cumulative Remedies
	  	 	31	  
	 Section 11.4
	  	 Binding Effect
	  	 	31	  
	 Section 11.5
	  	 Interpretation
	  	 	31	  
	 Section 11.6
	  	 Counterparts
	  	 	31	  
	 Section 11.7
	  	 Further Assurances
	  	 	32	  
	 Section 11.8
	  	 Entire Agreement
	  	 	32	  
	 Section 11.9
	  	 Governing Law
	  	 	32	  

  
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	 	  	 	  	Page	 
	 Section 11.10
	  	 Submission to Jurisdiction; Waiver of Jury Trial
	  	 	32	  
	 Section 11.11
	  	 Expenses
	  	 	33	  
	 Section 11.12
	  	 Amendments and Waivers
	  	 	33	  
	 Section 11.13
	  	 No Third Party Beneficiaries
	  	 	34	  
	 Section 11.14
	  	 Headings
	  	 	34	  
	 Section 11.15
	  	 Construction
	  	 	35	  
	 Section 11.16
	  	 Power of Attorney
	  	 	35	  
	 Section 11.17
	  	 Letter Agreements; Schedules
	  	 	35	  
	 Section 11.18
	  	 Partnership Status
	  	 	36	  

  
 iii

  
 AMENDED AND RESTATED
LIMITED PARTNERSHIP AGREEMENT 
 OF 
 AVEON HOLDINGS I L.P. 
 This AMENDED AND RESTATED LIMITED PARTNERSHIP
AGREEMENT (this “Agreement”) of Aveon Holdings I L.P. (the “Partnership”) is made as of the              day
of                     , 2010, by and among Aveon Holdings I GP Inc., a corporation formed under the laws of the State of Delaware, as
general partner, and the Limited Partners (as defined herein) of the Partnership. 
 WHEREAS, the Partnership was formed as a
limited partnership pursuant to the Act, by the filing of a Certificate of Limited Partnership (the “Certificate”) with the Office of the Secretary of State of the State of Delaware and the execution of the Limited Partnership
Agreement of the Partnership dated as of August 31, 2009 (the “Original Agreement”); and 
 WHEREAS, the
parties hereto desire to enter into this Amended and Restated Limited Partnership Agreement of the Partnership and to permit the admission of the Limited Partners to the Partnership. 

NOW, THEREFORE, in consideration of the mutual promises and agreements herein made and intending to be legally bound hereby, the parties
hereto agree to amend and restate the Original Agreement in its entirety to read as follows: 
 ARTICLE I 

DEFINITIONS 

Section 1.1 Definitions. Capitalized terms used herein without definition have the following meanings (such meanings being equally
applicable to both the singular and plural form of the terms defined): 
 “Act” means the Delaware Revised
Uniform Limited Partnership Act, 6 Del. C. § 17-101 et seq., as it may be amended from time to time. 

“Additional Credit Amount” has the meaning set forth in Section 4.1(b)(ii). 

“Adjusted Capital Account Balance” means, with respect to each Partner, the balance in such Partner’s Capital
Account adjusted (i) by taking into account the adjustments, allocations and distributions described in U.S. Treasury Regulations Sections 1.704-1(b)(2)(ii)(c)(4), (5) and (6); and (ii) by adding to such balance such Partner’s
share of Partnership Minimum Gain and Partner Nonrecourse Debt Minimum Gain, determined pursuant to Regulations Sections 1.704-2(g) and 1.704-2(i)(5), any 

 
amounts such Partner is obligated to restore pursuant to any provision of this Agreement or by applicable Law. The foregoing definition of Adjusted Capital Account Balance is intended to comply
with the provisions of Regulations Section 1.704-1(b)(2)(ii)(d) and shall be interpreted consistently therewith. 

“Affiliate” means, with respect to a specified Person, any other Person that directly, or indirectly through one or more
intermediaries, Controls, is Controlled by, or is under common Control with, such specified Person. 

“Agreement” has the meaning set forth in the preamble of this Agreement. 

“Amended Tax Amount” has the meaning set forth in Section 4.1(b)(ii). 

“Assignee” has the meaning set forth in Section 8.7. 

“Assumed Tax Rate” means the highest effective marginal combined U.S. federal, state and local income tax rate for a
Fiscal Year prescribed for an individual or corporate resident in New York, New York (taking into account (a) the nondeductiblity of expenses subject to the limitation described in Section 67(a) of the Code and (b) the
character (e.g., long-term or short-term capital gain or ordinary or exempt income) of the applicable income, but not taking into account the deductibility of state and local income taxes for U.S. federal income tax purposes). For the avoidance of
doubt, the Assumed Tax Rate will be the same for all Partners. 
 “Available Cash” means, with respect to any
fiscal period, the amount of cash on hand which the General Partner, in its reasonable discretion, deems available for distribution to the Partners, taking into account all debts, liabilities and obligations of the Partnership then due and amounts
which the General Partner, in its reasonable discretion, deems necessary to expend or retain for working capital or to place into reserves for customary and usual claims with respect to the Partnership’s operations. 

“Aveon Holdings Partnerships” means each of the Partnership, Aveon Holdings II L.P., a Delaware limited
partnership, and Aveon Holdings III L.P., a Delaware limited partnership. 
 “Capital Account” means the
separate capital account maintained for each Partner in accordance with Section 5.3. 
 “Capital
Contribution” means, with respect to any Partner, the aggregate amount of money contributed to the Partnership and the Carrying Value of any property (other than money), net of any liabilities assumed by the Partnership upon contribution or
to which such property is subject, contributed to the Partnership pursuant to Article V. 
 “Carrying
Value” means, with respect to any Partnership asset, the asset’s adjusted basis for U.S. federal income tax purposes, except that the initial carrying value of assets contributed to the Partnership shall be their respective gross fair
market values on the date of contribution as determined by the General Partner, and the Carrying Values 

  
 2 

 
of all Partnership assets shall be adjusted to equal their respective fair market values, in accordance with the rules set forth in United States Treasury Regulation
Section 1.704-1(b)(2)(iv)(f), except as otherwise provided herein, as of: (a) the date of the acquisition of any additional interest in the Partnership by any new or existing Partner in exchange for more than a de minimis Capital
Contribution; (b) the date of the distribution of more than a de minimis amount of Partnership assets to a Partner; (c) the date any interest in the Partnership is relinquished to the Partnership; or (d) any other date specified in
the United States Treasury Regulations; provided, however, that adjustments pursuant to clauses (a), (b) (c) and (d) above shall be made only if such adjustments are deemed necessary or appropriate by the General Partner
to reflect the relative economic interests of the Partners. The Carrying Value of any Partnership asset distributed to any Partner shall be adjusted immediately before such distribution to equal its fair market value. In the case of any asset that
has a Carrying Value that differs from its adjusted tax basis, Carrying Value shall be adjusted by the amount of depreciation calculated for purposes of the definition of “Profits (Losses)” rather than the amount of depreciation determined
for U.S. federal income tax purposes, and depreciation shall be calculated by reference to Carrying Value rather than tax basis once Carrying Value differs from tax basis. 
 “Catch-Up Distribution” has the meaning set forth in Section 4.1(a). 
 “Category 1 Limited Partner” means each of the Limited Partners identified in the books and records of the Partnership as a Category 1 Limited Partner. 

“Category 2 Limited Partner” means each of the Limited Partners identified in the books and records of the Partnership
as a Category 2 Limited Partner. 
 “Cause” means the occurrence or existence of any of the following as
determined fairly, reasonably, on an informed basis and in good faith by the General Partner: (i) (w) any breach by an Employed Limited Partner of any provision of any Non-Competition Agreement, (x) an Employed Limited Partner’s
deliberate breach of any employment agreement or other agreement with the Issuer General Partner, Issuer, Aveon Holdings Partnerships, their subsidiaries or their affiliated entities or (y) an Employed Limited Partner’s committing to or
engaging in any conduct or behavior that is or may be harmful to the Issuer General Partner, Issuer, Aveon Holdings Partnerships, their subsidiaries and their affiliated entities in any material way (provided that, in the case of any of the
foregoing clauses (w), (x) and (y), the General Partner has given the Employed Limited Partner written notice (a “Notice of Breach”) within fifteen days after the General Partner becomes aware of such action and such Employed
Limited Partner fails to cure such breach or conduct or behavior within fifteen days after receipt by the Employed Limited Partner of such Notice of Breach from the General Partner (or such longer period, not to exceed an additional fifteen days, as
shall be reasonably required for such cure, provided, that such Employed Limited Partner is diligently pursuing such cure); (ii) any act of fraud, misappropriation, dishonesty, embezzlement or similar conduct against the Issuer General
Partner, Issuer, Aveon Holdings Partnerships, their subsidiaries and their affiliated entities; or (iii) conviction (on the basis of a trial or by an accepted plea of guilty or nolo contendere) of a felony or crime (including any

  
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misdemeanor charge involving moral turpitude, false statements or misleading omissions, forgery, wrongful taking, embezzlement, extortion or bribery), or a determination by a court of competent
jurisdiction, by a U.S. federal or state or comparable non-U.S. regulatory body or by a self-regulatory body having authority with respect to U.S. federal or state or comparable non-U.S. securities laws, rules or regulations of the securities
industry, that such Employed Limited Partner individually has violated any U.S. federal or state or comparable non-U.S. securities laws or any rules or regulations thereunder, or any rules of any such self-regulatory body (including, without
limitation, any licensing requirement), if such conviction or determination has a material adverse effect on (A) such Employed Limited Partner’s ability to function as an employee, managing director or principal of the Issuer General
Partner, Issuer, Aveon Holdings Partnerships, their subsidiaries and their affiliated entities, taking into account the services required of such Employed Limited Partner and the nature of the business of the Issuer General Partner, Issuer, Aveon
Holdings Partnerships, their subsidiaries and their affiliated entities or (B) the business of the Issuer General Partner, Issuer, Aveon Holdings Partnerships, their subsidiaries and their affiliated entities. 

“Certificate” has the meaning set forth in the preamble of this Agreement. 

“Change of Control” means the occurrence of any Person, other than a Person approved by the current Issuer General
Partner, becoming the general partner of the Issuer. 
 “Class” means the classes of Units into which the
interests in the Partnership may be classified or divided from time to time pursuant to the provisions of this Agreement. 

“Class A Units” means the Units of limited partner interests in the Partnership designated as the “Class A
Units” herein and having the rights pertaining thereto as are set forth in this Agreement. 
 “Code”
means the Internal Revenue Code of 1986, as amended from time to time. 
 “Common Units” means common units
representing limited partner interests of the Issuer. 
 “Contingencies” has the meaning set forth in
Section 9.3(b). 
 “Control” (including the terms “Controlled by” and “under
common Control with”) means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, as trustee or executor, by
contract or otherwise, including, without limitation, the ownership, directly or indirectly, of securities having the power to elect a majority of the board of directors or similar body governing the affairs of such Person. 

  
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 “Credit
Amount” has the meaning set forth in Section 4.1(b)(ii). 
 “Creditable Non-U.S. Tax” means a
non-U.S. tax paid or accrued for United States federal income tax purposes by the Partnership, in either case to the extent that such tax is eligible for credit under Section 901(a) of the Code. A non-U.S. tax is a Creditable Non-U.S. Tax
for these purposes without regard to whether a partner receiving an allocation of such non-U.S. tax elects to claim a credit for such amount. This definition is intended to be consistent with the definition of “creditable foreign tax
expenditures” in Treasury Regulations Section 1.704-1(b)(4)(viii)(b), and shall be interpreted consistently therewith. 
 “Delaware Arbitration Act” has the meaning set forth in Section 11.10(d). 
 “Disability” means, as to any Person, such Person’s inability to perform in all material respects his or her duties and responsibilities to the General Partner, or any of its
Affiliates, by reason of a physical or mental disability or infirmity which inability is reasonably expected to be permanent and has continued (i) for a period of six consecutive months or (ii) such shorter period as the General Partner
may reasonably determine in good faith. 
 “Disabling Event” means the General Partner ceasing to be the
general partner of the Partnership pursuant to Section 17-402 of the Act. 
 “Dissolution Event” has the
meaning set forth in Section 9.2. 
 “Employed Limited Partner” means any Limited Partner that is an
individual and employed by, directly of by way of contract, or devotes a significant portion of his or her professional time to the business and properties of the Issuer General Partner, the Issuer, the General Partner, the Partnership or any of its
subsidiaries at the time in question. 
 “Encumbrance” means any mortgage, claim, lien, encumbrance,
conditional sales or other title retention agreement, right of first refusal, preemptive right, pledge, option, charge, security interest or other similar interest, easement, judgment or imperfection of title of any nature whatsoever. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 

“Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated
thereunder. 
 “Exchange Agreement” means the exchange agreement, dated as of or about the date hereof, among
the Issuer, the Aveon Holdings Partnerships and the limited partners of the Aveon Holdings Partnerships from time to time, as amended from time to time. 

  
 5 

  
 “Exchange
Transaction” means an exchange of Units for Common Units pursuant to, and in accordance with, the Exchange Agreement or, if the Issuer and the exchanging Limited Partner shall mutually agree, a Transfer of Units to the Issuer, the
Partnership or any of their subsidiaries for other consideration. 
 “Final Tax Amount” has the meaning set
forth in Section 4.1(b)(ii). 
 “Fiscal Year” means (i) the period commencing upon the formation of
the Partnership and ending on December 31, 2009 or (ii) any subsequent twelve-month period commencing on January 1 and ending on December 31. 
 “GAAP” means accounting principles generally accepted in the United States of America as in effect from time to time. 

“General Partner” means Aveon Holdings I GP Inc., a corporation formed under the laws of the State of Delaware or
any successor general partner admitted to the Partnership in accordance with the terms of this Agreement. 

“Incapacity” means, with respect to any Person, the bankruptcy, dissolution, termination, entry of an order of
incompetence, or the insanity, permanent disability or death of such Person. 
 “Initial Limited Partner” means
each Limited Partner as of the date of this Agreement. 
 “Initial Units” means, with respect to any Initial
Limited Partner, the aggregate number of Class A Units owned by such Initial Limited Partner as of the date of this Agreement. 
 “Initial Unvested Units” means, with respect to any Initial Limited Partner, the aggregate number of Unvested Units owned by such Initial Limited Partner as of the date of this Agreement.

 “Initial Vested Units” means, with respect to any Initial Limited Partner, the aggregate number of Vested
Units listed in the books and records of the Partnership as of the date of this Agreement, and any additional Initial Units that have vested from time to time in accordance with Section 8.1. 

“Intangible Assets” means the assets of the Partnership that are described in Section 197(d) of the Code.

 “Intangible Asset Gain” means the net gain recognized by the Partnership with respect to the
Partnership’s Intangible Assets in connection with the actual or hypothetical sale of all or substantially all of the assets of the Partnership, including, but not limited to, net capital gain realized in connection with an adjustment to the
Carrying Value of Partnership assets; provided, however, that any such gain shall constitute 

  
 6 

 
“Intangible Asset Gain” only to the extent that any such gain exceeds losses previously recognized in an actual or hypothetical sale of Intangible Assets. 

“IPO” means the initial public offering and sale of Common Units, as contemplated by the Issuer’s Registration
Statement on Form S-1 (File No. 333-168719). 
 “Issuer” means The Aveon Group L.P., a limited partnership
formed under the laws of the State of Delaware, or any successor thereto. 
 “Issuer General Partner” means
Aveon Management L.L.C., a limited liability company formed under the laws of the State of Delaware and the general partner of the Issuer, or any successor general partner of the Issuer. 

“Issuer Partnership Agreement” means the Amended and Restated Agreement of Limited Partnership of the Issuer to be dated
substantially concurrently with the consummation of the IPO, as such agreement of limited partnership may be amended, supplemented or restated from time to time. 
 “Law” means any statute, law, ordinance, regulation, rule, code, executive order, injunction, judgment, decree or other order issued or promulgated by any national, supranational, state,
federal, provincial, local or municipal government or any administrative or regulatory body with authority therefrom with jurisdiction over the Partnership or any Partner, as the case may be. 

“Limited Partner” means each of the Persons from time to time listed as a limited partner in the books and records of
the Partnership. 
 “Liquidation Agent” has the meaning set forth in Section 9.3. 

“Last Reported Sale Price” of the Common Units on any date means: 

(a) the closing sale price per unit on the New York Stock Exchange on that date (or, if no closing sale price is reported, the last
reported sale price); 
 (b) if the Common Units are not listed for trading on the New York Stock Exchange, the closing
sale price (or, if no closing sale price is reported, the last reported sale price) as reported on that date in composite transactions for the principal national securities exchange registered pursuant to Section 6(g) of the Exchange Act on
which the Common Units are listed; 
 (c) if the Common Units are not so listed on a national securities exchange, the last
quoted bid price for the Common Units on that date in the over-the-counter market as reported by Pink Sheets LLC or a similar organization; or 
 (d) if the Common Units are not so quoted by Pink Sheets LLC or a similar organization, the average of the mid-point of the last bid and ask prices for the Common Units on that date from a nationally
recognized independent investment banking firm selected by the General Partner for this purpose. 

  
 7 

  
 “Net Taxable
Income” has the meaning set forth in Section 4.1(b)(i). 
 “Non-Competition Agreement” means any
agreement regarding non-competition or non-solicitation, or any provisions regarding non-competition or non-solicitation in an employment agreement, purchase agreement or any other agreement, to which the Issuer General Partner, Issuer, the
Partnership, any other Aveon Holdings Partnership or any direct or indirect parent or subsidiary of any such entity is a party and any agreement with respect to similar subject matter entered into from time to time by an Employed Limited Partner.

 “Nonrecourse Deductions” has the meaning set forth in Treasury Regulations Section 1.704-2(b). The
amount of Nonrecourse Deductions of the Partnership for a Fiscal Year equals the net increase, if any, in the amount of Partnership Minimum Gain of the Partnership during that Fiscal Year, determined according to the provisions of Treasury
Regulations Section 1.704-2(c). 
 “Original Agreement” has the meaning set forth in the preamble of this
Agreement. 
 “Partners” means, at any time, each Person listed as a Partner (including the General Partner) on
the books and records of the Partnership, in each case for so long as he, she or it remains a partner of the Partnership as provided hereunder. 
 “Partnership” has the meaning set forth in the preamble of this Agreement. 
 “Partnership Minimum Gain” has the meaning set forth in Treasury Regulations Sections 1.704-2(b)(2) and 1.704-2(d). 

“Partner Nonrecourse Debt Minimum Gain” means an amount with respect to each partner nonrecourse debt (as defined in
Treasury Regulations Section 1.704-2(b)(4)) equal to the Partnership Minimum Gain that would result if such partner nonrecourse debt were treated as a nonrecourse liability (as defined in Treasury Regulations Section 1.752-1(a)(2))
determined in accordance with Treasury Regulations Section 1.704-2(i)(3). 
 “Partner Nonrecourse
Deductions” has the meaning ascribed to the term “partner nonrecourse deductions” set forth in Treasury Regulations Section 1.704-2(i)(2). 
 “Person” means any individual, corporation, partnership, limited partnership, limited liability company, limited company, joint venture, trust, unincorporated or governmental organization
or any agency or political subdivision thereof. 
 “Profits” and “Losses” means, for each
Fiscal Year or other period, the taxable income or loss of the Partnership, or particular items thereof, determined in accordance with the accounting method used by the Partnership for U.S. federal income tax purposes with the following adjustments:
(a) all items of income, gain, loss or 

  
 8 

 
deduction allocated pursuant to Section 5.5 shall not be taken into account in computing such taxable income or loss; (b) any income of the Partnership that is exempt from U.S. federal
income taxation and not otherwise taken into account in computing Profits and Losses shall be added to such taxable income or loss; (c) if the Carrying Value of any asset differs from its adjusted tax basis for U.S. federal income tax purposes,
any gain or loss resulting from a disposition of such asset shall be calculated with reference to such Carrying Value; (d) upon an adjustment to the Carrying Value (other than an adjustment in respect of depreciation) of any asset, pursuant to
the definition of Carrying Value, the amount of the adjustment shall be included as gain or loss in computing such taxable income or loss; (e) if the Carrying Value of any asset differs from its adjusted tax basis for U.S. federal income tax
purposes, the amount of depreciation, amortization or cost recovery deductions with respect to such asset for purposes of determining Profits and Losses, if any, shall be an amount which bears the same ratio to such Carrying Value as the U.S.
federal income tax depreciation, amortization or other cost recovery deductions bears to such adjusted tax basis (provided that if the U.S. federal income tax depreciation, amortization or other cost recovery deduction is zero, the General
Partner may use any reasonable method for purposes of determining depreciation, amortization or other cost recovery deductions in calculating Profits and Losses); and (f) except for items in (a) above, any expenditures of the Partnership
not deductible in computing taxable income or loss, not properly capitalizable and not otherwise taken into account in computing Profits and Losses pursuant to this definition shall be treated as deductible items. 

“Restrictive Covenant,” with respect to each Limited Partner that is or was an Employed Limited Partner, any restrictive
covenant in such Limited Partner’s Non-Competition Agreement. 
 “Securities Act” means the U.S.
Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder. 
 “Similar Law”
means any law or regulation that could cause the underlying assets of the Partnership to be treated as assets of the Limited Partner by virtue of its limited partner interest in the Partnership and thereby subject the Partnership and the General
Partner (or other Persons responsible for the investment and operation of the Partnership’s assets) to laws or regulations that are similar to the fiduciary responsibility or prohibited transaction provisions contained in Title I of ERISA or
Section 4975 of the Code. 
 “Tax Advances” has the meaning set forth in Section 5.7. 

“Tax Amount” has the meaning set forth in Section 4.1(b)(i). 

“Tax Distributions” has the meaning set forth in Section 4.1(b)(i). 

“Tax Matters Partner” has the meaning set forth in Section 5.8. 

  
 9 

  
 “Total
Percentage Interest” means, with respect to any Partner, the quotient obtained by dividing the number of Units (vested or unvested) then owned by such Partner by the number of Units then owned by all Partners. 

“Transfer” means, in respect of any Unit, property or other asset, any sale, assignment, transfer, distribution or other
disposition thereof, whether voluntarily or by operation of Law, including, without limitation, the exchange of any Unit for any other security. 
 “Transferee” means any Person that is a transferee of a Partner’s interest in the Partnership, or part thereof. 

“Treasury Regulations” means the income tax regulations, including temporary regulations, promulgated under the Code, as
such regulations may be amended from time to time (including corresponding provisions of succeeding regulations). 

“Units” means the Class A Units and any other Class of Units authorized in accordance with this Agreement, which
shall constitute interests in the Partnership as provided in this Agreement and under the Act, entitling the holders thereof to the relative rights, title and interests in the profits, losses, deductions and credits of the Partnership at any
particular time as set forth in this Agreement, and any and all other benefits to which a holder thereof may be entitled as a Partner as provided in this Agreement, together with the obligations of such Partner to comply with all terms and
provisions of this Agreement. 
 “Unvested Units” means those Units listed as unvested Units in the books and
records of the Partnership, as the same may be amended from time to time in accordance with this Agreement. 
 “Vested
Percentage Interest” means, with respect to any Partner, the quotient obtained by dividing the number of Vested Units then owned by such Partner by the number of Vested Units then owned by all Partners. 

“Vested Units” means those Units listed as vested Units in the books and records of the Partnership, as the same may be
amended from time to time in accordance with this Agreement. 
 ARTICLE II 

FORMATION, TERM, PURPOSE AND POWERS 
 Section 2.1 Formation. The Partnership was formed as a limited partnership under the provisions of the Act by the filing of the Certificate as provided in the preamble of this Agreement and the
execution of the Original Agreement. If requested by the General Partner, the Limited Partners shall promptly execute all certificates and other documents consistent with the terms of this Agreement necessary for the General Partner to accomplish
all filing, recording, publishing and other acts as 

  
 10 

 
may be appropriate to comply with all requirements for (a) the formation and operation of a limited partnership under the laws of the State of Delaware, (b) if the General Partner deems
it advisable, the operation of the Partnership as a limited partnership, or partnership in which the Limited Partners have limited liability, in all jurisdictions where the Partnership proposes to operate and (c) all other filings required to
be made by the Partnership. 
 Section 2.2 Name. The name of the Partnership shall be, and the business of the
Partnership shall be conducted under the name of, Aveon Holdings I L.P. 
 Section 2.3 Term. The term of the Partnership
commenced on the date of the filing of the Certificate, and the term shall continue until the dissolution of the Partnership in accordance with Article IX. The existence of the Partnership shall continue until cancellation of the Certificate in
the manner required by the Act. 
 Section 2.4 Offices. The Partnership may have offices at such places either within or
outside the State of Delaware as the General Partner from time to time may select. 
 Section 2.5 Agent for Service of
Process. The Partnership’s registered agent for service of process in the State of Delaware shall be as set forth in the Certificate, as the same may be amended by the General Partner from time to time. 

Section 2.6 Business Purpose. The Partnership was formed for the object and purpose of, and the nature and character of the
business to be conducted by the Partnership is, engaging in any lawful act or activity for which limited partnerships may be formed under the Act. 
 Section 2.7 Powers of the Partnership. Subject to the limitations set forth in this Agreement, the Partnership will possess and may exercise all of the powers and privileges granted to it by the
Act including, without limitation, the ownership and operation of the assets contributed to the Partnership by the Partners, by any other Law or this Agreement, together with all powers incidental thereto, so far as such powers are necessary or
convenient to the conduct, promotion or attainment of the purpose of the Partnership set forth in Section 2.6. 
 Section
2.8 Partners; Admission of New Partners. Each of the Persons listed in the books and records of the Partnership, as the same may be amended from time to time in accordance with this Agreement, by virtue of the execution of this Agreement, are
admitted as Partners of the Partnership. The rights, duties and liabilities of the Partners shall be as provided in the Act, except as is otherwise expressly provided herein, and the Partners consent to the variation of such rights, duties and
liabilities as provided herein. A Person may be admitted from time to time as a new Partner in accordance with Section 8.9; provided, however, that each new Partner shall execute and deliver to the General Partner an appropriate
supplement to this Agreement pursuant to which the new Partner agrees to be bound by the terms and conditions of the Agreement, as it may be amended from time to time. 

  
 11 

  
 Section 2.9
Withdrawal. No Partner shall have the right to withdraw as a Partner of the Partnership other than following the Transfer of all Units owned by such Partner in accordance with Article VIII; provided, however, that a new
General Partner or substitute General Partner may be admitted to the Partnership in accordance with Section 8.8. 

ARTICLE III 

MANAGEMENT 

Section 3.1 General Partner 
 (a) The business, property and affairs of the Partnership shall be managed under the sole, absolute and exclusive direction of the General Partner, which may from time to time delegate authority to
officers or to others to act on behalf of the Partnership. 
 (b) Without limiting the foregoing provisions of this
Section 3.1, the General Partner shall have the general power to manage or cause the management of the Partnership (which may be delegated to officers of the Partnership), including, without limitation, the following powers: 

(i) to develop and prepare a business plan each year which will set forth the operating goals and plans for the
Partnership; 
 (ii) to execute and deliver or to authorize the execution and delivery of contracts, deeds,
leases, licenses, instruments of transfer and other documents on behalf of the Partnership; 
 (iii) the making
of any expenditures, the lending or borrowing of money, the assumption or guarantee of, or other contracting for, indebtedness and other liabilities, the issuance of evidences of indebtedness and the incurring of any other obligations; 

(iv) to employ, retain, consult with and dismiss personnel; 

(v) to establish and enforce limits of authority and internal controls with respect to all personnel and functions;

 (vi) to engage attorneys, consultants and accountants for the Partnership; 

(vii) to develop or cause to be developed accounting procedures for the maintenance of the Partnership’s books of
account; and 
 (viii) to do all such other acts as shall be authorized in this Agreement or by the Partners in
writing from time to time. 

  
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 Section 3.2
Compensation. The General Partner shall not be entitled to any compensation for services rendered to the Partnership in its capacity as General Partner. 
 Section 3.3 Expenses. The Partnership shall reimburse the General Partner for (i) any expenses incurred by the General Partner in connection with serving as the general partner of the
Partnership and (ii) on a joint and several basis with the other Aveon Holdings Partnerships (such obligation to be allocated among the Aveon Holdings Partnerships in the sole discretion of the Issuer), all amounts required to be reimbursed to
the Issuer General Partner by the Issuer pursuant to the Issuer Partnership Agreement. 
 Section 3.4 Officers. Subject
to the direction and oversight of the General Partner, the day-to-day administration of the business of the Partnership may be carried out by employees and agents who may be designated as officers by the General Partner, with titles including, but
not limited to, “chief executive officer,” “chief investment officer,” “chief financial officer,” “chief operating officer,” “chief legal officer,” “chief administrative officer,”
“chief compliance officer,” “principal accounting officer,” “chairman,” “senior chairman,” “vice chairman,” “president,” “vice president,” “treasurer,” “assistant
treasurer,” “secretary,” “assistant secretary,” “general manager,” “senior managing director,” “managing director” and “director,” as and to the extent authorized by the General
Partner. The officers of the Partnership shall have such titles and powers and perform such duties as shall be determined from time to time by the General Partner and otherwise as shall customarily pertain to such offices. Any number of
offices may be held by the same person. All employees, agents and officers shall be subject to the supervision and direction of the General Partner and may be removed from such office by the General Partner and the authority, duties or
responsibilities of any employee, agent or officer of the Partnership may be suspended by the General Partner from time to time, in each case in the sole discretion of the General Partner. The General Partner shall not cease to be a general
partner of the Partnership as a result of the delegation of any duties hereunder. No officer of the Partnership, in its capacity as such, shall be considered a general partner of the Partnership by agreement, estoppel, as a result of the
performance of its duties hereunder or otherwise. 
 Section 3.5 Authority of Partners. No Limited Partner, in its
capacity as such, shall participate in or have any control over the business of the Partnership. Except as expressly provided herein, the Units do not confer any rights upon the Limited Partners to participate in the affairs of the Partnership
described in this Agreement. Except as expressly provided herein, the Limited Partners shall have no right to vote on any matter involving the Partnership, including with respect to any merger, consolidation, combination or conversion of the
Partnership. The conduct, control and management of the Partnership shall be vested exclusively in the General Partner. In all matters relating to or arising out of the conduct of the operation of the Partnership, the decision of the General Partner
shall be the decision of the Partnership. Except as required or permitted by Law, or expressly provided in the ultimate sentence of this Section 3.5 or by separate agreement with the Partnership, no Partner who is not also a General Partner
(and acting in such capacity) shall take any part in the management or control of the operation or 

  
 13 

 
business of the Partnership in its capacity as a Partner, nor shall any Partner who is not also a General Partner (and acting in such capacity) have any right, authority or power to act for or on
behalf of or bind the Partnership in his or its capacity as a Partner in any respect or assume any obligation or responsibility of the Partnership or of any other Partner. Notwithstanding the foregoing, the Partnership may employ one or more
Partners from time to time, and such Partners, in their capacity as employees of the Partnership (and not, for clarity, in their capacity as Limited Partners of the Partnership), may take part in the control and management of the business of the
Partnership to the extent such authority and power to act for or on behalf of the Partnership has been delegated to them by the General Partner. 
 Section 3.6 Action by Written Consent or Ratification. Any action required or permitted to be taken by the Partners pursuant to this Agreement shall be taken if all Partners whose consent or
ratification is required consent thereto or provide a ratification in writing. 
 ARTICLE IV 

DISTRIBUTIONS 
 Section 4.1 Distributions. 
 (a) The General Partner, in its sole
discretion, may authorize distributions by the Partnership to the Partners, which distributions shall be made pro rata in accordance with the Partners’ respective Vested Percentage Interests. The Partners holding any Unvested Units at
the time of a distribution shall be entitled to receive, in connection with any subsequent distribution, in respect of any such Unvested Units that have become vested at the time of such subsequent distribution, a distribution (“Catch-Up
Distribution”) in the amount necessary so that the cumulative amount received by the Partners of outstanding Vested Units, after giving effect to such Catch-Up Distribution, is the same as it would have been if all such outstanding Vested
Units were outstanding and vested at the time of all earlier distributions under this Section 4.1(a). 
 (b)
     (i) In addition to the foregoing, if the General Partner reasonably determines that the taxable income of the Partnership for a Fiscal Year will give rise to taxable income for the Partners (“Net Taxable
Income”), the General Partner shall cause the Partnership to distribute Available Cash in respect of income tax liabilities (the “Tax Distributions”) to the extent that other distributions made by the Partnership
for such year were otherwise insufficient to cover such tax liabilities. The Tax Distributions payable with respect to any Fiscal Year shall be computed based upon the General Partner’s estimate of the allocable Net Taxable Income in accordance
with Article V, multiplied by the Assumed Tax Rate (the “Tax Amount”). For purposes of computing the Tax Amount, the effect of any benefit under Section 743(b) of the Code will be ignored. 

(ii) Tax Distributions shall be calculated and paid no later than one day prior to each quarterly due date for the payment by
corporations on a calendar 

  
 14 

 
year of estimated taxes under the Code in the following manner (A) for the first quarterly period, 25% of the Tax Amount, (B) for the second quarterly period, 50% of the Tax Amount,
less the prior Tax Distributions for the Fiscal Year, (C) for the third quarterly period, 75% of the Tax Amount, less the prior Tax Distributions for the Fiscal Year and (D) for the fourth quarterly period, 100% of the Tax Amount, less the
prior Tax Distributions for the Fiscal Year. Following each Fiscal Year, and no later than one day prior to the due date for the payment by corporations of income taxes for such Fiscal Year, the General Partner shall make an amended calculation of
the Tax Amount for such Fiscal Year (the “Amended Tax Amount”), and shall cause the Partnership to distribute a Tax Distribution, out of Available Cash, to the extent that the Amended Tax Amount so calculated exceeds the
cumulative Tax Distributions previously made by the Partnership in respect of such Fiscal Year. If the Amended Tax Amount is less than the cumulative Tax Distributions previously made by the Partnership in respect of the relevant Fiscal Year, then
the difference (the “Credit Amount”) shall be applied against, and shall reduce, the amount of Tax Distributions made for subsequent Fiscal Years. Within 30 days following the date on which the Partnership files a tax return on
Form 1065, the General Partner shall make a final calculation of the Tax Amount of such Fiscal Year (the “Final Tax Amount”) and shall cause the Partnership to distribute a Tax Distribution, out of Available Cash, to the extent
that the Final Tax Amount so calculated exceeds the Amended Tax Amount. If the Final Tax Amount is less than the Amended Tax Amount in respect of the relevant Fiscal Year, then the difference (the “Additional Credit Amount”) shall
be applied against, and shall reduce, the amount of Tax Distributions made for subsequent Fiscal Years. Any Credit Amount and Additional Credit Amount applied against future Tax Distributions shall be treated as an amount actually distributed
pursuant to this Section 4.1(b) for purposes of the computations herein. 
 (iii) Tax Distributions to a Partner (other
than the portion of any Tax Distribution with respect to any of the Units that are forfeited, cancelled or terminated in accordance with the terms and conditions of this Agreement) shall be offset against and reduce subsequent distributions (other
than Tax Distributions) to which a Partner would otherwise be entitled to receive pursuant to Section 4.1(a) and/or Section 9.3(b). 
 Section 4.2 Liquidation Distribution. Distributions made upon dissolution of the Partnership shall be made as provided in Section 9.3. 

Section 4.3 Limitations on Distribution. Notwithstanding any provision to the contrary contained in this Agreement, the General
Partner shall not make a Partnership distribution to any Partner if such distribution would violate Section 17-607 of the Act or other applicable Law. 

  
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 ARTICLE V

 CAPITAL CONTRIBUTIONS; CAPITAL ACCOUNTS; TAX ALLOCATIONS; TAX MATTERS 

Section 5.1 Initial Capital Contributions. The Partners have made, on or prior to the date hereof, Capital Contributions and have
acquired the number of Class A Units as specified in the books and records of the Partnership. 
 Section 5.2 No
Additional Capital Contributions. Except as otherwise provided in this Article V, no Partner shall be required to make additional Capital Contributions to the Partnership without the consent of such Partner or permitted to make additional
Capital Contributions to the Partnership without the consent of the General Partner. 
 Section 5.3 Capital Accounts. A
separate capital account (a “Capital Account”) shall be established and maintained for each Partner in accordance with the provisions of Treasury Regulations Section 1.704-1(b)(2)(iv). The Capital Account of each Partner
shall be credited with such Partner’s Capital Contributions, if any, all Profits allocated to such Partner pursuant to Section 5.4 and any items of income or gain which are specially allocated pursuant to Section 5.5; and shall be
debited with all Losses allocated to such Partner pursuant to Section 5.4, any items of loss or deduction of the Partnership specially allocated to such Partner pursuant to Section 5.5, and all cash and the Carrying Value of any property
(net of liabilities assumed by such Partner and the liabilities to which such property is subject) distributed by the Partnership to such Partner. Any references in any section of this Agreement to the Capital Account of a Partner shall be
deemed to refer to such Capital Account as the same may be credited or debited from time to time as set forth above. In the event of any transfer of any interest in the Partnership in accordance with the terms of this Agreement, the transferee
shall succeed to the Capital Account of the transferor to the extent it relates to the transferred interest. 
 Section 5.4
Allocations of Profits and Losses. Except as otherwise provided in this Agreement, Profits and Losses (and, to the extent necessary, individual items of income, gain or loss or deduction of the Partnership) shall be allocated in a manner such
that the Capital Account of each Partner after giving effect to the Special Allocations set forth in Section 5.5 is, as nearly as possible, equal (proportionately) to (i) the distributions that would be made pursuant to Article IV if
the Partnership were dissolved, its affairs wound up and its assets sold for cash equal to their Carrying Value, all Partnership liabilities were satisfied (limited with respect to each non-recourse liability to the Carrying Value of the assets
securing such liability) and the net assets of the Partnership were distributed to the Partners pursuant to this Agreement, minus (ii) such Partner’s share of Partnership Minimum Gain and Partner Nonrecourse Debt Minimum Gain,
computed immediately prior to the hypothetical sale of assets. For purposes of this Article V, each Unvested Unit shall be treated as a Vested Unit. Notwithstanding the foregoing, the General Partner shall make such adjustments to

  
 16 

 
Capital Accounts as it determines in its sole discretion to be appropriate to ensure allocations are made in accordance with a partner’s interest in the Partnership. 

Section 5.5 Special Allocations. Notwithstanding any other provision in this Article V: 

(a) Minimum Gain Chargeback. If there is a net decrease in Partnership Minimum Gain or Partner Nonrecourse Debt Minimum Gain
(determined in accordance with the principles of Treasury Regulations Sections 1.704-2(d) and 1.704-2(i)) during any Partnership taxable year, the Partners shall be specially allocated items of Partnership income and gain for such year (and, if
necessary, subsequent years) in an amount equal to their respective shares of such net decrease during such year, determined pursuant to Treasury Regulations Sections 1.704-2(g) and 1.704-2(i)(5). The items to be so allocated shall be
determined in accordance with Treasury Regulations Section 1.704-2(f). This Section 5.5(a) is intended to comply with the minimum gain chargeback requirements in such Treasury Regulations Sections and shall be interpreted
consistently therewith; including that no chargeback shall be required to the extent of the exceptions provided in Treasury Regulations Sections 1.704-2(f) and 1.704-2(i)(4). 

(b) Qualified Income Offset. If any Partner unexpectedly receives any adjustments, allocations, or distributions described in
Treasury Regulations Section 1.704-1(b)(2)(ii)(d)(4), (5) or (6), items of Partnership income and gain shall be specially allocated to such Partner in an amount and manner sufficient to eliminate the deficit balance in such Partner’s
Adjusted Capital Account Balance created by such adjustments, allocations or distributions as promptly as possible; provided that an allocation pursuant to this Section 5.5(b) shall be made only to the extent that a Partner would have a
deficit Adjusted Capital Account Balance in excess of such sum after all other allocations provided for in this Article V have been tentatively made as if this Section 5.5(b) were not in this Agreement. This Section 5.5(b) is
intended to comply with the “qualified income offset” requirement of the Code and shall be interpreted consistently therewith. 
 (c) Gross Income Allocation. If any Partner has a deficit Capital Account at the end of any Fiscal Year which is in excess of the sum of (i) the amount such Partner is obligated to restore, if
any, pursuant to any provision of this Agreement, and (ii) the amount such Partner is deemed to be obligated to restore pursuant to the penultimate sentences of Treasury Regulations Section 1.704-2(g)(1) and 1.704-2(i)(5), each such
Partner shall be specially allocated items of Partnership income and gain in the amount of such excess as quickly as possible; provided that an allocation pursuant to this Section 5.5(c) shall be made only if and to the extent that a
Partner would have a deficit Capital Account in excess of such sum after all other allocations provided for in this Article V have been tentatively made as if Section 5.5(b) and this Section 5.5(c) were not in this Agreement.

 (d) Nonrecourse Deductions. Nonrecourse Deductions shall be allocated to the Partners in accordance with their
respective Total Percentage Interests. 

  
 17 

  
 (e) Partner
Nonrecourse Deductions. Partner Nonrecourse Deductions for any taxable period shall be allocated to the Partner who bears the economic risk of loss with respect to the liability to which such Partner Nonrecourse Deductions are attributable in
accordance with Treasury Regulations Section 1.704-2(j). 
 (f) Creditable Non-U.S. Taxes. Creditable Non-U.S. Taxes
for any taxable period attributable to the Partnership, or an entity owned directly or indirectly by the Partnership, shall be allocated to the Partners in proportion to the Partners’ distributive shares of income (including income allocated
pursuant to Section 704(c) of the Code) to which the Creditable Non-U.S. Tax relates (under principles of Treasury Regulations Section 1.904-6). The provisions of this Section 5.5(f) are intended to comply with the provisions of
Treasury Regulations Section 1.704-1(b)(4)(viii), and shall be interpreted consistently therewith. 
 (g) Ameliorative
Allocations. Any special allocations of income or gain pursuant to Section 5.5(b) or 5.5(c) shall be taken into account in computing subsequent allocations pursuant to Section 5.4 and this Section 5.5(g), so that the net amount of
any items so allocated and all other items allocated to each Partner shall, to the extent possible, be equal to the net amount that would have been allocated to each Partner if such allocations pursuant to Section 5.5(b) or 5.5(c) had not
occurred. 
 Section 5.6 Tax Allocations. For income tax purposes, each item of income, gain, loss and deduction of the
Partnership shall be allocated among the Partners in the same manner as the corresponding items of Profits and Losses and specially allocated items are allocated for Capital Account purposes; provided that in the case of any asset the
Carrying Value of which differs from its adjusted tax basis for U.S. federal income tax purposes, income, gain, loss and deduction with respect to such asset shall be allocated solely for income tax purposes in accordance with the principles of
Sections 704(b) and (c) of the Code (in any manner determined by the General Partner and permitted by the Code and Treasury Regulations) so as to take account of the difference between Carrying Value and adjusted basis of such
asset. Notwithstanding the foregoing, the General Partner shall make such allocations for tax purposes as it determines in its sole discretion to be appropriate to ensure allocations are made in accordance with a Partner’s interest in the
Partnership. 
 Section 5.7 Tax Advances. To the extent the General Partner reasonably believes that the Partnership is
required by law to withhold or to make tax payments on behalf of or with respect to any Partner or the Partnership is subjected to tax itself by reason of the status of any Partner (“Tax Advances”), the General Partner may withhold
such amounts and make such tax payments as so required. All Tax Advances made on behalf of a Partner shall be repaid by reducing the amount of the current or next succeeding distribution or distributions which would otherwise have been made to
such Partner or, if such distributions are not sufficient for that purpose, by so reducing the proceeds of liquidation otherwise payable to such Partner. For all purposes of this Agreement, such Partner shall be treated as having received the
amount of the distribution that is equal to the Tax Advance. Each Partner shall indemnify and hold 

  
 18 

 
harmless the Partnership and the other Partners from and against any liability (including, without limitation, any liability for taxes, penalties, additions to tax or interest other than any
penalties, additions to tax or interest imposed as a result of the Partnership’s failure to withhold or make a tax payment on behalf of such Partner which withholding or payment is required pursuant to applicable Law but only to the extent
amounts sufficient to pay such taxes were not timely distributed to the Partner pursuant to Section 4.1(b)) with respect to income attributable to or distributions or other payments to such Partner. 

Section 5.8 Tax Matters. The General Partner shall be the initial “tax matters partner” within the meaning of
Section 6231(a)(7) of the Code (the “Tax Matters Partner”). The Partnership shall file as a partnership for federal, state, provincial and local income tax purposes, except where otherwise required by Law. All elections
required or permitted to be made by the Partnership, and all other tax decisions and determinations relating to federal, state, provincial or local tax matters of the Partnership, shall be made by the Tax Matters Partner, in consultation with the
Partnership’s attorneys and/or accountants. Tax audits, controversies and litigations shall be conducted under the direction of the Tax Matters Partner. The Tax Matters Partner shall keep the other Partners reasonably informed as to any tax
actions, examinations or proceedings relating to the Partnership and shall submit to the other Partners, for their review and comment, any settlement or compromise offer with respect to any disputed item of income, gain, loss, deduction or credit of
the Partnership. As soon as reasonably practicable after the end of each Fiscal Year, the Partnership shall send to each Partner a copy of U.S. Internal Revenue Service Schedule K-1, and any comparable statements required by applicable U.S.
state or local income tax Law as a result of the Partnership’s activities or investments, with respect to such Fiscal Year. The Partnership also shall provide the Partners with such other information as may be reasonably requested for purposes
of allowing the Partners to prepare and file their own tax returns. 
 Section 5.9 Other Allocation Provisions. Certain
of the foregoing provisions and the other provisions of this Agreement relating to the maintenance of Capital Accounts are intended to comply with Treasury Regulations Section 1.704-1(b) and shall be interpreted and applied in a manner
consistent with such regulations. Sections 5.3, 5.4 and 5.5 may be amended at any time by the General Partner if necessary, in the opinion of tax counsel to the Partnership, to comply with such regulations or any applicable Law, so long as
any such amendment does not materially change the relative economic interests of the Partners. 
 ARTICLE VI 

BOOKS AND RECORDS; REPORTS 
 Section 6.1 Books and Records. 
 (a) At all times during the
continuance of the Partnership, the Partnership shall prepare and maintain separate books of account for the Partnership in accordance with GAAP. 

  
 19 

  
 (b) Except as limited
by Section 6.1(c), each Limited Partner shall have the right to receive, for a purpose reasonably related to such Limited Partner’s interest as a Limited Partner in the Partnership, upon reasonable written demand stating the purpose of
such demand and at such Limited Partner’s own expense: 
 (i) a copy of the Certificate and this Agreement and all
amendments thereto, together with a copy of the executed copies of all powers of attorney pursuant to which the Certificate and this Agreement and all amendments thereto have been executed; and 

(ii) promptly after their becoming available, copies of the Partnership’s federal, state and local income tax returns and reports,
if any, for the three most recent years. 
 (c) The General Partner may keep confidential from the Limited Partners, for such
period of time as the General Partner determines in its sole discretion, (i) any information that the General Partner reasonably believes to be in the nature of trade secrets or (ii) other information the disclosure of which the General
Partner believes is not in the best interests of the Partnership, could damage the Partnership or its business or that the Partnership is required by law or by agreement with any third party to keep confidential. 

ARTICLE VII 

PARTNERSHIP UNITS 
 Section 7.1 Units. Interests in the Partnership shall be represented by Units. The Units initially are comprised of one Class: Class A Units. The General Partner may establish, from
time to time in accordance with such procedures as the General Partner shall determine from time to time, other Classes, one or more series of any such Classes, or other Partnership securities with such designations, preferences, rights, powers and
duties (which may be senior to existing Classes and series of Units or other Partnership securities), as shall be determined by the General Partner, including (i) the right to share in Profits and Losses or items thereof; (ii) the right to
share in Partnership distributions; (iii) the rights upon dissolution and liquidation of the Partnership; (iv) whether, and the terms and conditions upon which, the Partnership may or shall be required to redeem the Units or other
Partnership securities (including sinking fund provisions); (v) whether such Unit or other Partnership security is issued with the privilege of conversion or exchange and, if so, the terms and conditions of such conversion or exchange;
(vi) the terms and conditions upon which each Unit or other Partnership security will be issued, evidenced by certificates and assigned or transferred; (vii) the method for determining the Total Percentage Interest as to such Units or
other Partnership securities; and (viii) the right, if any, of the holder of each such Unit or other Partnership security to vote on Partnership matters, including matters relating to the relative designations, preferences, rights, powers and
duties of such Units or other Partnership securities. Except as expressly provided in this Agreement to the contrary, any reference to “Units” shall include the Class A Units and any other Classes that may

  
 20 

 
be established in accordance with this Agreement. All Units of a particular Class shall have identical rights in all respects as all other Units of such Class, except in each case as
otherwise specified in this Agreement. 
 Section 7.2 Register. The register of the Partnership shall be the definitive
record of ownership of each Unit and all relevant information with respect to each Partner. Unless the General Partner shall determine otherwise, Units shall be uncertificated and recorded in the books and records of the Partnership.

 Section 7.3 Registered Partners. The Partnership shall be entitled to recognize the exclusive right of a Person
registered on its records as the owner of Units for all purposes and shall not be bound to recognize any equitable or other claim to or interest in Units on the part of any other Person, whether or not it shall have express or other notice thereof,
except as otherwise provided by the Act or other applicable Law. 
 ARTICLE VIII 

VESTING; FORFEITURE OF INTERESTS; TRANSFER RESTRICTIONS 
 Section 8.1 Vesting of Initial Unvested Units. 
 (a) Subject to
Section 8.2 and except as otherwise agreed to in writing between the General Partner and the applicable Limited Partner and reflected in the books and records of the Partnership, the Initial Unvested Units shall vest and shall thereafter be
Vested Units for all purposes of this Agreement as follows: with respect to each Category 2 Limited Partner, 100% of the Initial Unvested Units owned by such Limited Partner shall vest and thereafter be Vested Units for all purposes of this
Agreement on the first anniversary of the consummation of the IPO. 
 (b) The General Partner in its sole discretion may
authorize the earlier vesting of all or a portion of the Initial Unvested Units owned by any one or more Limited Partners at any time and from time to time, and in such event, such Initial Unvested Units shall vest and thereafter be Vested Units for
all purposes of this Agreement. Any such determination in the General Partner’s discretion in respect of Initial Unvested Units shall be final and binding. Such determinations need not be uniform and may be made selectively among Limited
Partners, whether or not such Limited Partners are similarly situated, and shall not constitute the breach of any duty hereunder or otherwise existing at law, in equity or otherwise. 

(c) Upon the vesting of any Initial Unvested Units in accordance with this Section 8.1, the General Partner shall modify the books
and records of the Partnership to reflect such vesting. 
 Section 8.2 Forfeiture of Units Held by Initial Limited
Partners. 
 (a) Except as otherwise agreed to in writing between the General Partner and the applicable Limited Partner and
reflected in the books and records of the 

  
 21 

 
Partnership, if a Limited Partner ceases to be an Employed Limited Partner for any reason, such Limited Partner’s Unvested Units shall be immediately forfeited without any consideration, and
such Limited Partner shall cease to own or have any rights with respect to such Unvested Units. Immediately upon the forfeiture of any Initial Unvested Units, such Unvested Units that have been so forfeited shall be cancelled. 

(b) Except as otherwise agreed to in writing between the General Partner and the applicable Limited Partner and reflected in the books
and records of the Partnership, (i) if a Limited Partner that is or was at any time an Employed Limited Partner breaches any Restrictive Covenant to which such Limited Partner is subject or (ii) if an Employed Limited Partner is terminated
for Cause, the Initial Units held by such Limited Partner at that time (whether or not vested) shall be immediately forfeited without any consideration, and such Limited Partner shall cease to own or have any rights with respect to such Initial
Units. Immediately upon the forfeiture of any Initial Units, such Initial Units that have been so forfeited shall be cancelled. 
 (c) Upon the forfeiture of any Unvested Units in accordance with this Section 8.2, the General Partner shall modify the books and records of the Partnership to reflect such forfeiture. 

Section 8.3 Limited Partner Transfers.
 (a) Except as provided in Section 8.3(b), (c) or (d), no Limited Partner or Assignee thereof may Transfer (including by exchanging in an Exchange Transaction) all or any portion of its Units or
other interest in the Partnership (or beneficial interest therein) without the prior consent of the General Partner, which consent may be given or withheld, or made subject to such conditions (including, without limitation, the receipt of such legal
opinions and other documents that the General Partner may require) as are determined by the General Partner, in each case, in the General Partner’s sole discretion. Any such determination in the General Partner’s discretion in respect
of Units shall be final and binding. Such determinations need not be uniform and may be made selectively among Limited Partners, whether or not such Limited Partners are similarly situated, and shall not constitute the breach of any duty hereunder
or otherwise existing at law, in equity or otherwise. Any purported Transfer of Units that is not in accordance with, or subsequently violates, this Agreement shall be, to the fullest extent permitted by law, null and void. 

(b) Notwithstanding anything to the contrary in Section 8.3(a), except as provided in or pursuant to Section 8.3(c) and (d),
each Limited Partner may exchange in an Exchange Transaction up to 100% of the Initial Vested Units owned by such Limited Partner at any time and from time to time following the first anniversary of the consummation of the IPO; provided that
Unvested Units may not be Transferred at any time. 
 (c) Notwithstanding anything to the contrary in
Section 8.3(a) or (b), if earlier upon the occurrence of a Change of Control, any Limited Partner may exchange in an Exchange Transaction at any time and from time to time up to 100% of the Initial

  
 22 

 
Vested Units owned by such Limited Partner; provided that Unvested Units may not be Transferred at any time. 
 (d) Notwithstanding anything to the contrary in Section 8.3(a), (b) and (c), each Category 1 Limited Partner may Transfer Class A Units (i) to any stockholder, shareholder, partner,
member or similar equityholder of such Category 1 Limited Partner as a result of a dividend or distribution by such Category 1 Limited Partner or (ii) to any Person as a result of the merger, sale of all or substantially all of the assets,
liquidation or dissolution of any such Category 1 Limited Partner. 
 Section 8.4 Mandatory Exchanges. The General
Partner may in its sole discretion at any time and from time to time, without the consent of any Limited Partner, require any Limited Partner to Transfer in an Exchange Transaction all Units held by such Limited Partner. Any such determinations by
the General Partner need not be uniform and may be made selectively among Limited Partners, whether or not such Limited Partners are similarly situated. 
 Section 8.5 Encumbrances. No Limited Partner or Assignee may create an Encumbrance with respect to all or any portion of its Units (or any beneficial interest therein) other than Encumbrances
that run in favor of the Limited Partner unless the General Partner consents in writing thereto, which consent may be given or withheld, or made subject to such conditions as are determined by the General Partner, in the General Partner’s sole
discretion. Consent of the General Partner shall be withheld until the holder of the Encumbrance acknowledges the terms and conditions of this Agreement. Any purported Encumbrance that is not in accordance with this Agreement shall be, to
the fullest extent permitted by law, null and void. 
 Section 8.6 Further Restrictions. Notwithstanding any contrary
provision in this Agreement, in no event may any Transfer of a Unit be made by any Limited Partner or Assignee if: 
 (a) such
Transfer is made to any Person who lacks the legal right, power or capacity to own such Unit; 
 (b) such Transfer would require
the registration of such transferred Unit or of any Class of Unit pursuant to any applicable United States federal or state securities laws (including, without limitation, the Securities Act or the Exchange Act) or other non-U.S securities laws
(including Canadian provincial or territorial securities laws) or would constitute a non-exempt distribution pursuant to applicable provincial or state securities laws; 
 (c) such Transfer would cause (i) all or any portion of the assets of the Partnership to (A) constitute “plan assets” (under ERISA, the Code or any applicable Similar Law) of any
existing or contemplated Limited Partner, or (B) be subject to the provisions of ERISA, Section 4975 of the Code or any applicable Similar Law, or (ii) the General Partner to become a fiduciary with respect to any existing or
contemplated Limited Partner, pursuant to ERISA, any applicable Similar Law, or otherwise; or 

  
 23 

  
 (d) to the extent
requested by the General Partner, the Partnership does not receive such legal and/or tax opinions and written instruments (including, without limitation, copies of any instruments of Transfer and such Assignee’s consent to be bound by this
Agreement as an Assignee) that are in a form satisfactory to the General Partner, as determined in the General Partner’s sole discretion. 
 Section 8.7 Rights of Assignees. Subject to Section 8.6, the transferee of any permitted Transfer pursuant to this Article VIII will be an assignee only
(“Assignee”), and only will receive, to the extent transferred, the distributions and allocations of income, gain, loss, deduction, credit or similar item to which the Partner which transferred its Units would be entitled, and such
Assignee will not be entitled or enabled to exercise any other rights or powers of a Partner, such other rights, and all obligations relating to, or in connection with, such interest in the Partnership remaining with the transferring
Partner. The transferring Partner will remain a Partner even if it has transferred all of its Units to one or more Assignees until such time as the Assignee(s) is admitted to the Partnership as a Partner pursuant to Section 8.9.

 Section 8.8 Admissions, Withdrawals and Removals. 

(a) No Person may be admitted to the Partnership as an additional General Partner or substitute General Partner without the prior
written consent or ratification of Partners whose Vested Percentage Interests exceed 50% of the Vested Percentage Interests of all Partners in the aggregate. A General Partner will not be entitled to Transfer all of its Units or to withdraw from
being a General Partner of the Partnership unless another General Partner shall have been admitted hereunder (and shall not have previously been removed or withdrawn). 
 (b) No Limited Partner will be removed or entitled to withdraw from being a Partner of the Partnership except in accordance with Section 8.10. 

(c) Except as otherwise provided in Article IX or the Act, no admission, substitution, withdrawal or removal of a Partner will cause
the dissolution of the Partnership. To the fullest extent permitted by law, any purported admission, withdrawal or removal that is not in accordance with this Agreement shall be null and void. 

Section 8.9 Admission of Assignees as Substitute Limited Partners. An Assignee will become a substitute Limited Partner only
if and when each of the following conditions is satisfied: 
 (a) the General Partner consents in writing to such admission,
which consent may be given or withheld, or made subject to such conditions as are determined by the General Partner, in each case in the General Partner’s sole discretion; 

(b) if required by the General Partner, the General Partner receives written instruments (including, without limitation, copies of any
instruments of Transfer and such Assignee’s consent to be bound by this Agreement as a substitute Limited 

  
 24 

 
Partner) that are in a form satisfactory to the General Partner (as determined in its sole discretion); 
 (c) if required by the General Partner, the General Partner receives an opinion of counsel satisfactory to the General Partner to the effect that such Transfer is in compliance with this Agreement and all
applicable Law; and 
 (d) if required by the General Partner, the parties to the Transfer, or any one of them, pays all of the
Partnership’s reasonable expenses connected with such Transfer (including, but not limited to, the reasonable legal and accounting fees of the Partnership). 
 Section 8.10 Withdrawal and Removal of Limited Partners. If a Limited Partner ceases to hold any Units, then such Limited Partner shall withdraw from the Partnership and shall cease to be a
Limited Partner and to have the power to exercise any rights or powers of a Limited Partner. 
 ARTICLE IX 

DISSOLUTION, LIQUIDATION AND TERMINATION 
 Section 9.1 No Dissolution. Except as required by the Act, the Partnership shall not be dissolved by the admission of additional Partners or withdrawal of Partners in accordance with the terms
of this Agreement. The Partnership may be dissolved, liquidated wound up and terminated only pursuant to the provisions of this Article IX, and the Partners hereby irrevocably waive any and all other rights they may have to cause a
dissolution of the Partnership or a sale or partition of any or all of the Partnership assets. 
 Section 9.2 Events Causing
Dissolution. The Partnership shall be dissolved and its affairs shall be wound up upon the occurrence of any of the following events (each, a “Dissolution Event”): 

(a) the entry of a decree of judicial dissolution of the Partnership under Section 17-802 of the Act upon the finding by a court of
competent jurisdiction that the General Partner (i) is permanently incapable of performing its part of this Agreement, (ii) has been guilty of conduct that is calculated to affect prejudicially the carrying on of the business of the
Partnership, (iii) willfully or persistently commits a breach of this Agreement, or (iv) conducts itself in a manner relating to the Partnership or its business such that it is not reasonably practicable for the other Partners to carry on
the business of the Partnership with the General Partner; 
 (b) any event which makes it unlawful for the business of the
Partnership to be carried on by the Partners; 
 (c) the written consent of all Partners; 

  
 25 

  
 (d) any other event
not inconsistent with any provision hereof causing a dissolution of the Partnership under the Act; or 
 (e) the Incapacity or
removal of the General Partner or the occurrence of a Disabling Event with respect to the General Partner; provided that the Partnership will not be dissolved or required to be wound up in connection with any of the events specified in this
Section 9.2(e) if: (i) at the time of the occurrence of such event there is at least one other general partner of the Partnership who is hereby authorized to, and elects to, carry on the business of the Partnership; or (ii) all
remaining Limited Partners consent to or ratify the continuation of the business of the Partnership and the appointment of another general partner of the Partnership, effective as of the event that caused the General Partner to cease to be a general
partner of the Partnership, within 120 days following the occurrence of any such event, which consent shall be deemed (and if requested each Limited Partner shall provide a written consent or ratification) to have been given for all Limited Partners
if the holders of more than 50% of the Vested Units then outstanding agree in writing to so continue the business of the Partnership. 
 Section 9.3 Distribution upon Dissolution. Upon dissolution, the Partnership shall not be terminated and shall continue until the winding up of the affairs of the Partnership is completed.
Upon the winding up of the Partnership, the General Partner or any other Person designated by the General Partner (the “Liquidation Agent”), shall take full account of the assets and liabilities of the Partnership and shall, unless
the General Partner determines otherwise, liquidate the assets of the Partnership as promptly as is consistent with obtaining the fair value thereof. The proceeds of any liquidation shall be applied and distributed in the following order:

 (a) First, to the satisfaction of debts and liabilities of the Partnership (including satisfaction of all indebtedness to
Partners and/or their Affiliates to the extent otherwise permitted by law), including the expenses of liquidation, and including the establishment of any reserve which the Liquidation Agent shall deem reasonably necessary for any contingent,
conditional or unmatured contractual liabilities or obligations of the Partnership (“Contingencies”). Any such reserve may be paid over by the Liquidation Agent to any attorney-at-law, or acceptable party, as escrow agent, to be
held for disbursement in payment of any Contingencies and, at the expiration of such period as shall be deemed advisable by the Liquidation Agent for distribution of the balance in the manner hereinafter provided in this Section 9.3; and

 (b) The balance, if any, to the Partners in accordance with Section 4.1(a). 

Section 9.4 Time for Liquidation. A reasonable amount of time shall be allowed for the orderly liquidation of the assets of
the Partnership and the discharge of liabilities to creditors so as to enable the Liquidation Agent to minimize the losses attendant upon such liquidation. 
 Section 9.5 Termination. The Partnership shall terminate when all of the assets of the Partnership, after payment of or due provision for all debts, liabilities 

  
 26 

 
and obligations of the Partnership, shall have been distributed to the holders of Units in the manner provided for in this Article IX, and the Certificate shall have been cancelled in the
manner required by the Act. 
 Section 9.6 Claims of the Partners. The Partners shall look solely to the
Partnership’s assets for the return of their Capital Contributions, and if the assets of the Partnership remaining after payment of or due provision for all debts, liabilities and obligations of the Partnership are insufficient to return such
Capital Contributions, the Partners shall have no recourse against the Partnership or any other Partner or any other Person. No Partner with a negative balance in such Partner’s Capital Account shall have any obligation to the Partnership or to
the other Partners or to any creditor or other Person to restore such negative balance during the existence of the Partnership, upon dissolution or termination of the Partnership or otherwise, except to the extent required by the Act. 

Section 9.7 Survival of Certain Provisions. Notwithstanding anything to the contrary in this Agreement, the provisions of
Section 10.2 and Section 11.9 shall survive the termination of the Partnership. 
 ARTICLE X 

LIABILITY AND INDEMNIFICATION 
 Section 10.1 Liability of Partners. 
 (a) No Limited Partner shall be
liable for any debt, obligation or liability of the Partnership or of any other Partner or have any obligation to restore any deficit balance in its Capital Account solely by reason of being a Partner of the Partnership, except to the extent
required by the Act. 
 (b) This Agreement is not intended to, and does not, create or impose any fiduciary duty on any of the
Partners (including, without limitation, the General Partner) or on their respective Affiliates. Further, the Partners hereby waive any and all fiduciary duties that, absent such waiver, may exist at or be implied by Law or in equity, and in
doing so, recognize, acknowledge and agree that their duties and obligations to one another and to the Partnership are only as expressly set forth in this Agreement and those required by the Act. 

(c) To the extent that, at law or in equity, any Partner (including, without limitation, the General Partner) has duties (including
fiduciary duties) and liabilities relating thereto to the Partnership or to another Partner, the Partners (including, without limitation, the General Partner) acting under this Agreement will not be liable to the Partnership or to any such other
Partner for their good faith reliance on the provisions of this Agreement. The provisions of this Agreement, to the extent that they restrict or eliminate the duties and liabilities relating thereto of any Partner (including, without
limitation, the General Partner) otherwise existing at law or in equity, are agreed by the Partners to replace to that extent such other duties and liabilities of the Partners (including, without limitation, the General Partner) relating thereto.

  
 27 

  
 (d) The General
Partner may consult with legal counsel, accountants and financial or other advisors and any act or omission suffered or taken by the General Partner on behalf of the Partnership or in furtherance of the interests of the Partnership in good faith in
reliance upon and in accordance with the advice of such counsel, accountants or financial or other advisors will be full justification for any such act or omission, and the General Partner will be fully protected in so acting or omitting to act so
long as such counsel or accountants or financial or other advisors were selected with reasonable care. 
 (e) Notwithstanding
any other provision of this Agreement or otherwise applicable provision of law or equity, whenever in this Agreement the General Partner is permitted or required to make a decision (i) in its “sole discretion” or
“discretion” or under a grant of similar authority or latitude, such General Partner shall be entitled to consider only such interests and factors as it desires, including its own interests, and shall, to the fullest extent permitted by
applicable Law, have no duty or obligation to give any consideration to any interest of or factors affecting the Partnership or the Limited Partners, or (ii) in its “good faith” or under another expressed standard, such General
Partner shall act under such express standard and shall not be subject to any other or different standards. 
 Section 10.2
Indemnification. 
 (a) Indemnification. To the fullest extent permitted by law, the Partnership shall indemnify
any Person (and such Person’s heirs, executors or administrators) who was or is made or is threatened to be made a party to or is otherwise involved in any threatened, pending or completed action, suit or proceeding (brought in the right of the
Partnership or otherwise), whether civil, criminal, administrative or investigative, and whether formal or informal, including appeals, by reason of the fact that such Person, or a Person for whom such Person was the legal representative, is or was
a Partner (including, without limitation, the General Partner) or a director, officer or agent of a Partner (including, without limitation, the General Partner) or the Partnership or, while a director, officer or agent of a Partner (including,
without limitation, the General Partner) or the Partnership, is or was serving at the request of the Partnership as a director, officer, partner, trustee, employee or agent of another corporation, partnership, joint venture, trust, limited liability
company, nonprofit entity or other enterprise, for and against all loss and liability suffered and expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement reasonably incurred by such Person or such heirs, executors
or administrators in connection with such action, suit or proceeding, including appeals; provided that such Person shall not be entitled to indemnification hereunder only to the extent such Person’s conduct constituted fraud, bad faith
or willful misconduct. Notwithstanding the preceding sentence, except as otherwise provided in Section 10.2(c), the Partnership shall be required to indemnify a Person described in such sentence in connection with any action, suit or
proceeding (or part thereof) commenced by such Person only if the commencement of such action, suit or proceeding (or part thereof) by such Person was authorized by the General Partner. 

  
 28 

  
 (b) Advancement of
Expenses. To the fullest extent permitted by law, the Partnership shall promptly pay expenses (including attorneys’ fees) incurred by any Person described in Section 10.2(a) in appearing at, participating in or defending any action,
suit or proceeding in advance of the final disposition of such action, suit or proceeding, including appeals, upon presentation of an undertaking on behalf of such Person to repay such amount if it shall ultimately be determined that such Person is
not entitled to be indemnified under this Section 10.2 or otherwise. Notwithstanding the preceding sentence, except as otherwise provided in Section 10.2(c), the Partnership shall be required to pay expenses of a Person described in
such sentence in connection with any action, suit or proceeding (or part thereof) commenced by such Person only if the commencement of such action, suit or proceeding (or part thereof) by such Person was authorized by the General Partner.

 (c) Unpaid Claims. If a claim for indemnification (following the final disposition of such action, suit or
proceeding) or advancement of expenses under this Section 10.2 is not paid in full within thirty (30) days after a written claim therefor by any Person described in Section 10.2(a) has been received by the Partnership, such Person may
file proceedings to recover the unpaid amount of such claim and, if successful in whole or in part, shall be entitled to be paid the expense of prosecuting such claim. In any such action the Partnership shall have the burden of proving that
such Person is not entitled to the requested indemnification or advancement of expenses under applicable Law. 
 (d)
Insurance. To the fullest extent permitted by law, the Partnership may purchase and maintain insurance on behalf of any Person described in Section 10.2(a) against any liability asserted against such Person, whether or not the
Partnership would have the power to indemnify such Person against such liability under the provisions of this Section 10.2 or otherwise. 
 (e) Non-Exclusivity of Rights. The provisions of this Section 10.2 shall be applicable to all actions, claims, suits or proceedings made or commenced after the date of this Agreement,
whether arising from acts or omissions to act occurring before or after its adoption. The provisions of this Section 10.2 shall be deemed to be a contract between the Partnership and each Person entitled to indemnification under this
Section 10.2 (or legal representative thereof) who serves in such capacity at any time while this Section 10.2 and the relevant provisions of applicable Law, if any, are in effect, and any amendment, modification or repeal hereof
shall not affect any rights or obligations then existing with respect to any state of facts or any action, suit or proceeding then or theretofore existing, or any action, suit or proceeding thereafter brought or threatened based in whole or in part
on any such state of facts. If any provision of this Section 10.2 shall be found to be invalid or limited in application by reason of any law or regulation, it shall not affect the validity of the remaining provisions hereof. The
rights of indemnification provided in this Section 10.2 shall neither be exclusive of, nor be deemed in limitation of, any rights to which any Person may otherwise be or become entitled or permitted by contract, this Partnership Agreement or as
a matter of law, both as to actions in such Person’s official capacity and actions in any 

  
 29 

 
other capacity, it being the policy of the Partnership that indemnification of any Person whom the Partnership is obligated to indemnify pursuant to Section 10.2(a) shall be made to the
fullest extent permitted by law. 
 (f) Certain Terms. For purposes of this Section 10.2, references to
“other enterprises” shall include employee benefit plans; references to “fines” shall include any excise taxes assessed on a Person with respect to an employee benefit plan; and references to “serving at the
request of the Partnership” shall include any service as a director, officer, employee or agent of the Partnership which imposes duties on, or involves services by, such director, officer, employee, or agent with respect to an employee
benefit plan, its participants, or beneficiaries. 
 (g) Other Protected Persons. This Section 10.2 shall not
limit the right of the Partnership, to the extent and in the manner permitted by law, to indemnify and to advance expenses to, and purchase and maintain insurance on behalf of, Persons other than Persons described in Section 10.2(a).

 ARTICLE XI 
 MISCELLANEOUS 
 Section 11.1 Severability. If any term or other
provision of this Agreement is held to be invalid, illegal or incapable of being enforced by any rule of Law, or public policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the
economic or legal substance of the transactions is not affected in any manner materially adverse to any party. Upon a determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall
negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in a mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated
to the fullest extent possible. 
 Section 11.2 Notices. All notices, requests, claims, demands and other
communications hereunder shall be in writing and shall be given (and shall be deemed to have been duly given upon receipt) by delivery in person, by courier service, by fax, by electronic mail (delivery receipt requested) or by registered or
certified mail (postage prepaid, return receipt requested) to the respective parties at the following addresses (or at such other address for a party as shall be specified in a notice given in accordance with this Section 11.2): 

(a) If to the Partnership, to: 
 Aveon Holdings I L.P. 
 c/o Aveon Holdings I GP Inc. 

The America’s Cup Building 
 30 Doaks Lane 
 Marblehead, Massachusetts 01945 

  
 30 

 
Attention: Chief Legal Officer 
 Fax: (781) 639-8549 

Electronic Mail: rcarrigan@aveonmanagement.com 
 (b) If to any Partner, to: 
 c/o Aveon Holdings I GP Inc. 

The America’s Cup Building 
 30 Doaks Lane 
 Marblehead, Massachusetts 01945 

Attention: Chief Legal Officer 
 Fax: (781) 639-8549 
 Electronic Mail: rcarrigan@aveonmanagement.com

 (c) If to the General Partner, to: 
 Aveon Holdings I GP Inc. 
 The America’s Cup Building 

30 Doaks Lane 

Marblehead, Massachusetts 01945 
 Attention: Chief Legal Officer 
 Fax: (781) 639-8549 

Electronic Mail: rcarrigan@aveonmanagement.com 
 Section 11.3 Cumulative Remedies. The rights and remedies provided by this Agreement are cumulative and the use of any one right or remedy by any party shall not preclude or waive its right to
use any or all other remedies. Such rights and remedies are given in addition to any other rights the parties may have by Law. 

Section 11.4 Binding Effect. This Agreement shall be binding upon and inure to the benefit of all of the parties and, to the
extent permitted by this Agreement, their successors, executors, administrators, heirs, legal representatives and assigns. 

Section 11.5 Interpretation. Throughout this Agreement, nouns, pronouns and verbs shall be construed as masculine, feminine,
neuter, singular or plural, whichever shall be applicable. Unless otherwise specified, all references herein to “Articles” and “Sections” shall refer to corresponding provisions of this Agreement. 

Section 11.6 Counterparts. This Agreement may be executed and delivered (including by facsimile transmission) in one or more
counterparts, and by the different parties hereto in separate counterparts, each of which when executed and delivered shall be deemed to be an original but all of which taken together shall constitute one and the same agreement. Copies of executed
counterparts transmitted by telecopy or other electronic transmission service shall be considered original executed counterparts for purposes of this Section 11.6. 

  
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 Section 11.7
Further Assurances. Each Limited Partner shall perform all other acts and execute and deliver all other documents as may be necessary or appropriate to carry out the purposes and intent of this Agreement. 

Section 11.8 Entire Agreement.
 (a) This Agreement constitutes the entire agreement among the parties hereto pertaining to the subject matter hereof and supersedes all prior agreements and understandings pertaining thereto. 

(b) For the avoidance of doubt, each of the Limited Partners that serve as an employee of any of the Aveon Holdings Partnerships or their
subsidiaries may from time to time enter into agreements with the Partnership in respect of the terms of such service. 

Section 11.9 Governing Law. This Agreement shall be governed by, and construed in accordance with, the law of the State of
Delaware. 
 Section 11.10 Submission to Jurisdiction; Waiver of Jury Trial. 

(a) Any and all disputes which cannot be settled amicably, including any ancillary claims of any party, arising out of, relating to or in
connection with the validity, negotiation, execution, interpretation, performance or non-performance of this Agreement (including the validity, scope and enforceability of this arbitration provision) shall be finally settled by arbitration conducted
by a single arbitrator in New York in accordance with the then-existing Rules of Arbitration of the International Chamber of Commerce. If the parties to the dispute fail to agree on the selection of an arbitrator within thirty (30) days of
the receipt of the request for arbitration, the International Chamber of Commerce shall make the appointment. The arbitrator shall be a lawyer and shall conduct the proceedings in the English language. Performance under this Agreement shall
continue if reasonably possible during any arbitration proceedings. 
 (b) Notwithstanding the provisions of
Section 11.10(a), the General Partner may bring, or may cause the Partnership to bring, on behalf of the General Partner or the Partnership or on behalf of one or more Partners, an action or special proceeding in any court of competent
jurisdiction for the purpose of compelling a party to arbitrate, seeking temporary or preliminary relief in aid of an arbitration hereunder, and/or enforcing an arbitration award and, for the purposes of this Section 11.10(b), each Partner
(i) expressly consents to the application of Section 11.10(c) to any such action or proceeding, (ii) agrees that proof shall not be required that monetary damages for breach of the provisions of this Agreement would be difficult to
calculate and that remedies at law would be inadequate, and (iii) irrevocably appoints the General Partner as such Partner’s agent for service of process in connection with any such action or proceeding and agrees that service of process
upon such agent, who shall promptly advise such Partner of any such service of process, shall be deemed in every respect effective service of process upon the Partner in any such action or proceeding. 

  
 32 

  
 (c)
     (i) EACH PARTNER HEREBY IRREVOCABLY SUBMITS TO THE JURISDICTION OF COURTS LOCATED IN NEW YORK, NEW YORK FOR THE PURPOSE OF ANY JUDICIAL PROCEEDING BROUGHT IN ACCORDANCE WITH THE PROVISIONS OF THIS SECTION 11.10, OR ANY
JUDICIAL PROCEEDING ANCILLARY TO AN ARBITRATION OR CONTEMPLATED ARBITRATION ARISING OUT OF OR RELATING TO OR CONCERNING THIS AGREEMENT. Such ancillary judicial proceedings include any suit, action or proceeding to compel arbitration, to obtain
temporary or preliminary judicial relief in aid of arbitration, or to confirm an arbitration award. The parties acknowledge that the fora designated by this Section 11.10(c) have a reasonable relation to this Agreement, and to the
parties’ relationship with one another. 
 (ii) The parties hereby waive, to the fullest extent permitted by applicable
Law, any objection which they now or hereafter may have to personal jurisdiction or to the laying of venue of any such ancillary suit, action or proceeding brought in any court referred to in Section 11.10(c)(i) and such parties agree not to
plead or claim the same. 
 (d) Notwithstanding any provision of this Agreement to the contrary, this Section 11.10 shall
be construed to the maximum extent possible to comply with the laws of the State of Delaware, including the Delaware Uniform Arbitration Act (10 Del. C. § 5701 et seq.) (the “Delaware Arbitration
Act”). If, nevertheless, it shall be determined by a court of competent jurisdiction that any provision or wording of this Section 11.10, including any rules of the International Chamber of Commerce, shall be invalid or
unenforceable under the Delaware Arbitration Act, or other applicable Law, such invalidity shall not invalidate all of this Section 11.10. In that case, this Section 11.10 shall be construed so as to limit any term or provision so as
to make it valid or enforceable within the requirements of the Delaware Arbitration Act or other applicable Law, and, in the event such term or provision cannot be so limited, this Section 11.10 shall be construed to omit such invalid or
unenforceable provision. 
 Section 11.11 Expenses. Except as otherwise specified in this Agreement, the Partnership
shall be responsible for all costs and expenses, including, without limitation, fees and disbursements of counsel, financial advisors and accountants, incurred in connection with its operation. 

Section 11.12 Amendments and Waivers.
 (a) This Agreement may be amended, supplemented, waived or modified by the written consent of the General Partner; provided that any amendment that would have a material adverse effect on the
rights or preferences of any Class of Units in relation to other Classes of Units must be approved by the holders of not less than a majority of the Vested Percentage Interests of the Class affected; provided further, that the General Partner
may, without the written consent of any Limited Partner or any other Person, amend, supplement, waive or modify any provision of this Agreement and execute, swear to, acknowledge, deliver, file and record whatever documents may be required in
connection therewith, to reflect: (i) any amendment, supplement, waiver or 

  
 33 

 
modification that the General Partner determines to be necessary or appropriate in connection with the creation, authorization or issuance of any class or series of equity interest in the
Partnership; (ii) the admission, substitution, withdrawal or removal of Partners in accordance with this Agreement; (iii) a change in the name of the Partnership, the location of the principal place of business of the Partnership, the
registered agent of the Partnership or the registered office of the Partnership; (iv) any amendment, supplement, waiver or modification that the General Partner determines in its sole discretion to be necessary or appropriate to address changes
in U.S. federal income tax regulations, legislation or interpretation; (v) a change in the Fiscal Year or taxable year of the Partnership and any other changes that the General Partner determines to be necessary or appropriate as a result of a
change in the Fiscal Year or taxable year of the Partnership, including a change in the dates on which distributions are to be made by the Partnership. 
 (b) No failure or delay by any party in exercising any right, power or privilege hereunder (other than a failure or delay beyond a period of time specified herein) shall operate as a waiver thereof nor
shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. 
 (c) The General Partner may, in its sole discretion, unilaterally amend this Agreement on or before the effective date of the final regulations to provide for (i) the election of a safe harbor under
Proposed Treasury Regulation Section 1.83-3(l) (or any similar provision) under which the fair market value of a partnership interest that is transferred is treated as being equal to the liquidation value of that interest, (ii) an
agreement by the Partnership and each of its Partners to comply with all of the requirements set forth in such regulations and Notice 2005-43 (and any other guidance provided by the Internal Revenue Service with respect to such election) with
respect to all partnership interests transferred in connection with the performance of services while the election remains effective, (iii) the allocation of items of income, gains, deductions and losses required by the final regulations
similar to Proposed Treasury Regulation Section 1.704-1(b)(4)(xii)(b) and (c), and (iv) any other related amendments. 

(d) Except as may be otherwise required by law in connection with the winding-up, liquidation, or dissolution of the Partnership, each
Partner hereby irrevocably waives any and all rights that it may have to maintain an action for judicial accounting or for partition of any of the Partnership’s property. 
 Section 11.13 No Third Party Beneficiaries. This Agreement shall be binding upon and inure solely to the benefit of the parties hereto and their permitted assigns and successors and nothing
herein, express or implied, is intended to or shall confer upon any other Person or entity, any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Agreement (other than pursuant to Section 10.2).

 Section 11.14 Headings. The headings and subheadings in this Agreement are included for convenience and
identification only and are in no way 

  
 34 

 
intended to describe, interpret, define or limit the scope, extent or intent of this Agreement or any provision hereof. 
 Section 11.15 Construction. Each party hereto acknowledges and agrees it has had the opportunity to draft, review and edit the language of this Agreement and that it is the intent of the
parties hereto that no presumption for or against any party arising out of drafting all or any part of this Agreement will be applied in any dispute relating to, in connection with or involving this Agreement. Accordingly, the parties hereby waive
to the fullest extent permitted by law the benefit of any rule of Law or any legal decision that would require that in cases of uncertainty, the language of a contract should be interpreted most strongly against the party who drafted such language.

 Section 11.16 Power of Attorney. Each Limited Partner, by its execution hereof, hereby irrevocably makes,
constitutes and appoints the General Partner as its true and lawful agent and attorney in fact, with full power of substitution and full power and authority in its name, place and stead, to make, execute, sign, acknowledge, swear to, record and file
(a) this Agreement and any amendment to this Agreement that has been adopted as herein provided; (b) the Certificate and all amendments thereto required or permitted by law or the provisions of this Agreement; (c) all certificates and
other instruments (including consents and ratifications which the Limited Partners have agreed to provide upon a matter receiving the agreed support of Limited Partners) deemed advisable by the General Partner to carry out the provisions of this
Agreement (including the provisions of Section 8.4) and Law or to permit the Partnership to become or to continue as a limited partnership or partnership wherein the Limited Partners have limited liability in each jurisdiction where the
Partnership may be doing business; (d) all instruments that the General Partner deems appropriate to reflect a change or modification of this Agreement or the Partnership in accordance with this Agreement, including, without limitation, the
admission of additional Limited Partners or substituted Limited Partners pursuant to the provisions of this Agreement; (e) all conveyances and other instruments or papers deemed advisable by the General Partner to effect the liquidation and
termination of the Partnership; and (f) all fictitious or assumed name certificates required or permitted (in light of the Partnership’s activities) to be filed on behalf of the Partnership. 

Section 11.17 Letter Agreements; Schedules. The General Partner may, or may cause the Partnership to, without the approval of
any Limited Partner or other Person, enter into separate letter agreements with individual Limited Partners with respect to any matter, in each case on terms and conditions not inconsistent with this Agreement, which have the effect of establishing
rights under, or supplementing the terms of, this Agreement. The General Partner may from time to time execute and deliver to the Limited Partners schedules which set forth information contained in the books and records of the Partnership and
any other matters deemed appropriate by the General Partner. Such schedules shall be for information purposes only and shall not be deemed to be part of this Agreement for any purpose whatsoever. 

  
 35 

  
 Section 11.18
Partnership Status. The parties intend to treat the Partnership as a partnership for U.S. federal income tax purposes. 
 [remainder of page intentionally left blank] 

  
 36 

  
 IN WITNESS WHEREOF,
the parties hereto have entered into this Agreement or have caused this Agreement to be duly executed by their respective authorized officers, in each case as of the date first above stated. 

 

			
	AVEON HOLDINGS I GP INC.
		
	By:	 	 
		
		 	Name:
		 	Title:
	
	[INITIAL LIMITED PARTNERS]
		
	By:	 	 
		
		 	Name:
		 	Title:

  
 37Form of Tax Receivable Agreement

  
 Exhibit 10.4

  
  
 TAX RECEIVABLE AGREEMENT 
 among 

AVEON HOLDINGS I GP INC., 
 AVEON HOLDINGS I L.P. 
 and 

THE AVEON HOLDINGS I LIMITED PARTNERS FROM 
 TIME TO TIME PARTY HERETO 
  

 
 Dated as of
            , 2010 
  

 
  

 

  
 TABLE OF CONTENTS

  

							
	 	  	 	  	Page	 
		
	ARTICLE I DEFINITIONS	  	 	2	  
			
	 Section 1.1
	  	Definitions	  	 	2	  
		
	ARTICLE II DETERMINATION OF REALIZED TAX BENEFIT	  	 	8	  
			
	 Section 2.1
	  	Basis Adjustment	  	 	8	  
	 Section 2.2
	  	Tax Benefit Schedule	  	 	8	  
	 Section 2.3
	  	Procedures, Amendments	  	 	9	  
		
	ARTICLE III TAX BENEFIT PAYMENTS	  	 	10	  
			
	 Section 3.1
	  	Payments	  	 	10	  
	 Section 3.2
	  	No Duplicative Payments	  	 	10	  
	 Section 3.3
	  	Pro Rata Payments	  	 	11	  
		
	ARTICLE IV TERMINATION	  	 	11	  
			
	 Section 4.1
	  	Early Termination and Breach of Agreement	  	 	11	  
	 Section 4.2
	  	Early Termination Notice	  	 	12	  
	 Section 4.3
	  	Payment upon Early Termination	  	 	12	  
		
	ARTICLE V SUBORDINATION AND LATE PAYMENTS	  	 	12	  
			
	 Section 5.1
	  	Subordination	  	 	12	  
	 Section 5.2
	  	Late Payments by the Corporate Taxpayer	  	 	13	  
		
	ARTICLE VI NO DISPUTES; CONSISTENCY; COOPERATION	  	 	13	  
			
	 Section 6.1
	  	Participation in the Corporate Taxpayer’s and the Partnership’s Tax Matters	  	 	13	  
	 Section 6.2
	  	Consistency	  	 	13	  
	 Section 6.3
	  	Cooperation	  	 	13	  
		
	ARTICLE VII MISCELLANEOUS	  	 	14	  
			
	 Section 7.1
	  	Notices	  	 	14	  
	 Section 7.2
	  	Counterparts	  	 	14	  
	 Section 7.3
	  	Entire Agreement; No Third Party Beneficiaries	  	 	15	  
	 Section 7.4
	  	Governing Law	  	 	15	  
	 Section 7.5
	  	Severability	  	 	15	  
	 Section 7.6
	  	Successors; Assignment; Amendments; Waivers	  	 	15	  
	 Section 7.7
	  	Titles and Subtitles	  	 	16	  
	 Section 7.8
	  	Resolution of Disputes	  	 	16	  
	 Section 7.9
	  	Reconciliation	  	 	17	  
	 Section 7.10
	  	Withholding	  	 	17	  

  
 i 

							
	 Section 7.11
	  	Affiliated Corporations of Other Aveon Holdings General Partners; Admission of the Corporate Taxpayer into a Consolidated Group; Transfers of Corporate Assets	  	 	18	  
	 Section 7.12
	  	Confidentiality	  	 	19	  
	 Section 7.13
	  	Change in Law	  	 	20	  
	 Section 7.14
	  	Partnership Agreement	  	 	21	  
	 Section 7.15
	  	Partnerships	  	 	21	  
	 Section 7.16
	  	Headings	  	 	21	  

  
 ii 

  
 TAX RECEIVABLE
AGREEMENT 
 This TAX RECEIVABLE AGREEMENT (as amended from time to time, this “Agreement”), dated as of
                    , 2010, is hereby entered into by and among Aveon Holdings I GP Inc., a Delaware corporation (the “Corporate
Taxpayer”), Aveon Holdings I L.P., a Delaware limited partnership (the “Aveon Holdings I,” and together with all other Persons (as defined herein) in which the Corporate Taxpayer acquires a partnership interest, member
interest or similar interest after the date hereof and who executes and delivers a joinder contemplated in Section 7.15, the “Partnerships”), each of the undersigned parties hereto identified as “Limited Partners,”
and each of the successors and assigns thereto. 
 WHEREAS, the Limited Partners hold limited partner interests
(“Partnership Units”) in each of the Partnerships, each of which is treated as a partnership for United States federal income tax purposes, and the Corporate Taxpayer is the general partner of the Partnerships; 

WHEREAS, the Partnerships acquired or will acquire interests in certain investment fund manager affiliates (the “Initial
Acquisitions”) as described in the Form S-1 Registration Statement of The Aveon Group L.P., a Delaware limited partnership (the “Parent”); 
 WHEREAS, the Partnership Units, together with limited partner interests in the other Aveon Holdings Partnerships (as defined below), are exchangeable for Common Units in the Parent (“Common
Units”) pursuant to the provisions of the Exchange Agreement (as defined below); 
 WHEREAS, the Partnerships and each
of their direct and indirect subsidiaries treated as a partnership for United States federal income tax purposes will have in effect an election under Section 754 of the Internal Revenue Code of 1986, as amended (the “Code”),
for each Taxable Year (as defined below) in which an exchange of Partnership Units for Common Units or other consideration pursuant to the Exchange Agreement (an “Exchange”) occurs, which elections are intended generally to result
in an adjustment to the tax basis of the assets owned by the Partnerships (solely with respect to the Corporate Taxpayer) at the time of an Exchange (such time, the “Exchange Date”) by reason of the Exchange and the receipt of
payments under this Agreement; 
 WHEREAS, the income, gain, loss, expense and other Tax (as defined below) items of the
Corporate Taxpayer may be affected by (i) the Basis Adjustment (as defined below) and (ii) the Imputed Interest (as defined below); 
 WHEREAS, the parties to this Agreement desire to make certain arrangements with respect to the effect of the Basis Adjustment and Imputed Interest on the actual liability for Taxes of the Corporate
Taxpayer; 

  
 NOW, THEREFORE, in
consideration of the foregoing and the respective covenants and agreements set forth herein, and intending to be legally bound hereby, the parties hereto agree as follows: 
 ARTICLE I 
 DEFINITIONS 

Section 1.1 Definitions. As used in this Agreement, the terms set forth in this Article I shall have the following meanings
(such meanings to be equally applicable to both the singular and plural forms of the terms defined). 

“Affiliate” means, with respect to any Person, any other Person that directly or indirectly, through one or more
intermediaries, Controls, is Controlled by, or is under common Control with, such first Person.
 “Agreed Rate”
means LIBOR plus 100 basis points. 
 “Agreement” is defined in the Recitals of this Agreement. 

“Amended Schedule” is defined in Section 2.3(b) of this Agreement. 

“Basis Adjustment” means the adjustment to the tax basis of a Reference Asset under Sections 732, 734(b) and 1012 of the
Code (in situations where, as a result of one or more Exchanges, a Partnership becomes an entity that is disregarded as separate from its owner for tax purposes) or under Sections 734(b), 743(b) and 754 of the Code (in situations where, following an
Exchange, a Partnership remains in existence as an entity for United States federal income tax purposes) and, in each case, comparable sections of state and local tax laws, as a result of an Exchange and the payments made pursuant to this Agreement.
For the avoidance of doubt, the amount of any Basis Adjustment resulting from an Exchange of one or more Partnership Units shall be determined without regard to any Pre-Exchange Transfer (other than the Initial Acquisitions) of such Partnership
Units and as if any such Pre-Exchange Transfer had not occurred. 
 “Aveon Holdings General Partners” means,
collectively, the Corporate Taxpayer, Aveon Holdings II GP L.P., a Delaware limited partnership (“Aveon Holdings GP II”), and Aveon Holdings III GP L.P., a Delaware limited partnership (“Aveon Holdings GP III”).

 “Aveon Holdings Partnerships” means, collectively, Aveon Holdings I, Aveon Holdings II L.P., a Delaware
limited partnership (“Aveon Holdings II”), and Aveon Holdings III L.P., a Delaware limited partnership (“Aveon Holdings III”). 
 “Business Day” means Monday through Friday of each week, except that a legal holiday recognized as such by the government of the United States of America or the State of New York shall
not be regarded as a Business Day. 
 “Change in Tax Law” is defined in Section 7.13 of this Agreement.

  
 2 

  
 “Change of
Control” means the occurrence of any Person, other than a Person approved by the current General Partner, becoming the general partner of the Parent. 
 “Common Units” is defined in the Recitals of this Agreement. 

“Code” is defined in the Recitals of this Agreement. 

“Control” means the possession, direct or indirect, of the power to direct or cause the direction of the management and
policies of a Person, whether through ownership of voting securities, by contract or otherwise. 
 “Corporate
Taxpayer” is defined in the Recitals of this Agreement. 
 “Corporate Taxpayer Return” means the
federal and/or state and/or local Tax Return, as applicable, of the Corporate Taxpayer filed with respect to Taxes of any Taxable Year. 
 “Cumulative Net Realized Tax Benefit” for a Taxable Year means the cumulative amount of Realized Tax Benefits for all Taxable Years of the Corporate Taxpayer, up to and including such
Taxable Year, net of the cumulative amount of Realized Tax Detriments for the same period. The Realized Tax Benefit and Realized Tax Detriment for each Taxable Year shall be determined based on the most recent Tax Benefit Schedule or Amended
Schedule, if any, in existence at the time of such determination. 
 “Default Rate” means LIBOR plus 500 basis
points. 
 “Determination” shall have the meaning ascribed to such term in Section 1313(a) of the Code or
similar provision of state and local tax law, as applicable, or any other event (including the execution of IRS Form 870-AD) that finally and conclusively establishes the amount of any liability for Tax. 

“Dispute” has the meaning set forth in Section 7.8(a) of this Agreement. 

“Early Termination Date” means the date of an Early Termination Notice for purposes of determining the Early Termination
Payment. 
 “Early Termination Effective Date” is defined in Section 4.2 of this Agreement. 

“Early Termination Notice” is defined in Section 4.2 of this Agreement. 

“Early Termination Schedule” is defined in Section 4.2 of this Agreement.

“Early Termination Payment” is defined in Section 4.3(b) of this Agreement. 

“Early Termination Rate” means the lesser of (i) 6.5% per annum, compounded annually, and (ii) LIBOR plus
100 basis points. 
 “Exchange” is defined in the Recitals of this Agreement. 

  
 3 

  
 “Exchange
Agreement” means the Exchange Agreement, dated as of the date hereof, among the Parent, the Aveon Holdings Partnerships and the limited partners of the Aveon Holdings Partnerships from time to time. 

“Exchange Basis Schedule” is defined in Section 2.1 of this Agreement. 

“Exchange Date” is defined in the Recitals of this Agreement. 

“Excluded Assets” is defined in Section 7.11(c) of this Agreement. 

“Expert” is defined in Section 7.9 of this Agreement. 

“General Partner” means Aveon Management L.L.C., a Delaware limited liability company and the general partner of the
Parent. 
 “Hypothetical Tax Liability” means, with respect to any Taxable Year, the liability for Taxes of
(i) the Corporate Taxpayer and (ii) without duplication, any Partnership, but only with respect to Taxes imposed on such Partnership and allocable to the Corporate Taxpayer (or to the other members of the consolidated group of which the
Corporate Taxpayer is the parent), in each case using the same methods, elections, conventions and similar practices used on the relevant Corporate Taxpayer Return, but (i) using the Non-Stepped Up Tax Basis as reflected on the Exchange Basis
Schedule including amendments thereto for the Taxable Year and (ii) excluding any deduction attributable to Imputed Interest for the Taxable Year. For the avoidance of doubt, Hypothetical Tax Liability shall be determined without taking into
account the carryover or carryback of any Tax item (or portions thereof) that is attributable to the Basis Adjustment or Imputed Interest. 
 “Imputed Interest” shall mean any interest imputed under Section 1272, 1274 or 483 or other provision of the Code and any similar provision of state and local tax law with respect to
the Corporate Taxpayer’s payment obligations under this Agreement. 
 “Independent Directors” means
            ,             ,             
and any other member of the board of directors of the General Partner who is not affiliated with the Parent or the Corporate Taxpayer and who is neither a current officer nor a former officer of the Parent, the Corporate Taxpayer or any of their
Subsidiaries. 
 “Initial Acquisitions” is defined in the Recitals of this Agreement. 

“IRS” means the United States Internal Revenue Service. 

“LIBOR” means during any period, an interest rate per annum equal to the one-year LIBOR reported, on the date two days
prior to the first day of such period, on the Telerate Page 3750 (or if such screen shall cease to be publicly available, as reported on Reuters Screen page “LIBOR01” or by any other publicly available source of such market rate) for
London interbank offered rates for United States dollar deposits for such period. 

  
 4 

  
 “Limited
Partner” means each Person that is as of the date of this Agreement or becomes from time to time a limited partner of a Partnership pursuant to the terms of the Partnership Agreement including, for the avoidance of doubt, any Person to whom
Founding Investors, LLC distributes Partnership Units. 
 “Market Value” shall mean the closing price of the
Common Units on the applicable Exchange Date on the national securities exchange or interdealer quotation system on which such Common Units are then traded or listed, as reported by the Wall Street Journal; provided, that if the
closing price is not reported by the Wall Street Journal for the applicable Exchange Date, then the Market Value shall mean the closing price of the Common Units on the Business Day immediately preceding such Exchange Date on the national
securities exchange or interdealer quotation system on which such Common Units are then traded or listed, as reported by the Wall Street Journal; provided, further, that if the Common Units are not then listed on a national
securities exchange or interdealer quotation system, the Market Value shall mean the cash consideration paid for Common Units, or the fair market value of the other property delivered for Common Units, as determined by the board of directors of the
General Partner in good faith. 
 “Material Objection Notice” has the meaning set forth in Section 4.2 of
this Agreement. 
 “Non-Stepped Up Tax Basis” means, with respect to any Reference Asset at any time, the Tax
basis that such asset would have had at such time if no Basis Adjustments had been made. 
 “Objection Notice”
has the meaning set forth in Section 2.3(a) of this Agreement. 
 “Parent” is defined in the Recitals of
this Agreement. 
 “Partnerships” is defined in the Recitals of this Agreement. 

“Partnership Agreement” means, with respect to a Partnership, the Amended and Restated Limited Partnership Agreement of
such Partnership. 
 “Partnership Units” is defined in the Recitals of this Agreement. 

“Payment Date” means any date on which a payment is required to be made pursuant to this Agreement. 

“Person” means any individual, corporation, firm, partnership, joint venture, limited liability company, estate, trust,
business association, organization, governmental entity or other entity. 
 “Pre-Exchange Transfer” means any
transfer (including upon the death of a Limited Partner) or distribution in respect of one or more Partnership Units (i) that occurs prior 

  
 5 

 
to an Exchange of such Partnership Units, and (ii) to which Section 743(b) or 734(b) of the Code applies. 
 “Qualified Tax Advisor” means Paul, Weiss, Rifkind, Wharton & Garrison LLP or any other law firm that is nationally recognized as being expert in Tax matters and that is
reasonably acceptable to the Corporate Taxpayer. 
 “Realized Tax Benefit” means, for a Taxable Year, the
excess, if any, of the Hypothetical Tax Liability over the actual liability for Taxes of (i) the Corporate Taxpayer and (ii) without duplication, any Partnership, but only with respect to Taxes imposed on such Partnership and allocable to
the Corporate Taxpayer (or to the other members of the consolidated group of which the Corporate Taxpayer is the parent) for such Taxable Year. If all or a portion of the actual liability for such Taxes for the Taxable Year arises as a result
of an audit by a Taxing Authority of any Taxable Year, such liability shall not be included in determining the Realized Tax Benefit unless and until there has been a Determination. 

“Realized Tax Detriment” means, for a Taxable Year, the excess, if any, of the actual liability for Taxes of
(i) the Corporate Taxpayer and (ii) without duplication, any Partnership, but only with respect to Taxes imposed on such Partnership and allocable to the Corporate Taxpayer (or to the other members of the consolidated group of which the
Corporate Taxpayer is the parent) for such Taxable Year, over the Hypothetical Tax Liability for such Taxable Year. If all or a portion of the actual liability for such Taxes for the Taxable Year arises as a result of an audit by a Taxing Authority
of any Taxable Year, such liability shall not be included in determining the Realized Tax Detriment unless and until there has been a Determination. 
 “Reconciliation Dispute” has the meaning set forth in Section 7.9 of this Agreement. 
 “Reconciliation Procedures” has the meaning set forth in Section 2.3(a) of this Agreement. 
 “Reference Asset” means an asset that is held by the Partnerships, or by any of their direct or indirect subsidiaries treated as a partnership or disregarded entity for purposes of the
applicable Tax, at the time of an Exchange. A Reference Asset also includes any asset that is “substituted basis property” under Section 7701(a)(42) of the Code with respect to a Reference Asset. 

“Schedule” means any of the following: (i) an Exchange Basis Schedule, (ii) a Tax Benefit Schedule, or
(iii) the Early Termination Schedule. 
 “Senior Obligations” is defined in Section 5.1 of this
Agreement. 
 “Subsidiaries” means, with respect to any Person, as of any date of determination, any other
Person as to which such Person, owns, directly or indirectly, or otherwise controls more than 50% of the voting power or other similar interests or the sole general partner interest or managing member or similar interest of such Person. 

  
 6 

  
 “Tax Benefit
Payment” is defined in Section 3.1(b) of this Agreement. 
 “Tax Benefit Schedule” is defined in
Section 2.2 of this Agreement. 
 “Tax Return” means any return, declaration, report or similar statement
required to be filed with respect to Taxes (including any attached schedules), including, without limitation, any information return, claim for refund, amended return and declaration of estimated Tax. 

“Taxable Year” means a taxable year of the Corporate Taxpayer as defined in Section 441(b) of the Code or
comparable section of state or local tax law, as applicable (and, therefore, for the avoidance of doubt, may include a period of less than 12 months for which a Tax Return is made), ending on or after the Exchange Date in which there is a Basis
Adjustment due to an Exchange. 
 “Taxes” means any and all United States federal, state and local taxes,
assessments or similar charges that are based on or measured with respect to net income or profits, and any interest related to such Tax. 
 “Taxing Authority” shall mean any domestic, federal, national, state, county or municipal or other local government, any subdivision, agency, commission or authority thereof, or any
quasi-governmental body exercising any taxing authority or any other authority exercising Tax regulatory authority. 

“Treasury Regulations” means the final, temporary and proposed regulations under the Code promulgated from time to time
(including corresponding provisions and succeeding provisions) as in effect for the relevant taxable period. 

“Partnership Units” is defined in the Recitals of this Agreement. 

“Valuation Assumptions” shall mean, as of an Early Termination Date, the assumptions that (1) in each Taxable Year
ending on or after such Early Termination Date, the Corporate Taxpayer will have taxable income sufficient to fully utilize the deductions arising from the Basis Adjustments and the Imputed Interest during such Taxable Year or future Taxable Years
(including, for the avoidance of doubt, Basis Adjustments and Imputed Interest that would result from future Tax Benefit Payments that would be paid in accordance with the Valuation Assumptions) in which such deductions would become available,
(2) the United States federal income tax rates and state and local income tax rates that will be in effect for each such Taxable Year will be those specified for each such Taxable Year by the Code and other law as in effect on the Early
Termination Date, (3) any loss carryovers generated by any Basis Adjustment or Imputed Interest and available as of the date of the Early Termination Schedule will be utilized by the Corporate Taxpayer on a pro rata basis from the date of the
Early Termination Schedule through the scheduled expiration date of such loss carryovers, (4) any non-amortizable assets will be disposed of (A) with respect to private equity fund related assets, pro-rata over the number of years
remaining under the original fund agreement until expected liquidation (without extensions) of the applicable fund (or, if such expected liquidation date has passed, on the Early Termination Date) and (B) with respect to all other assets, on
the fifteenth anniversary of the applicable Basis Adjustment; provided, that in the event of a Change of Control, such non-

  
 7 

 
amortizable assets shall be deemed disposed of at the time of sale of the relevant asset (if earlier than such fifteenth anniversary), and (5) if, at the Early Termination Date, there are
Partnership Units that have not been Exchanged, then each such Unit shall be deemed to be Exchanged for the Market Value of the Common Units and the amount of cash that would be transferred if the Exchange occurred on the Early Termination Date.

 ARTICLE II 
 DETERMINATION OF REALIZED TAX BENEFIT 
 Section 2.1 Basis
Adjustment. Within 180 calendar days after the filing of the United States federal income tax return of the Corporate Taxpayer for each Taxable Year in which any Exchange has been effected, the Corporate Taxpayer shall deliver to the applicable
Limited Partner a schedule (the “Exchange Basis Schedule”) that shows, in reasonable detail necessary to perform the calculations required by this Agreement, including with respect to each Exchanging party, for purposes of Taxes,
(i) the Non-Stepped Up Tax Basis of the Reference Assets as of each applicable Exchange Date, (ii) the Basis Adjustment with respect to the Reference Assets as a result of the Exchanges effected in such Taxable Year, calculated in the
aggregate, (iii) the period (or periods) over which the Reference Assets are amortizable and/or depreciable and (iv) the period (or periods) over which each Basis Adjustment is amortizable and/or depreciable. 

Section 2.2 Tax Benefit Schedule. 
 (a) Tax Benefit Schedule. Within 180 calendar days after the filing of the United States federal income tax return of the Corporate Taxpayer for any Taxable Year in which there is a Realized Tax
Benefit or Realized Tax Detriment, the Corporate Taxpayer shall provide to the applicable Limited Partner a schedule showing, in reasonable detail and, at the request of the applicable Limited Partner, with respect to each separate Exchange, the
calculation of the Realized Tax Benefit or Realized Tax Detriment attributable to such Limited Partner for such Taxable Year (a “Tax Benefit Schedule”). The Tax Benefit Schedule will become final as provided in Section 2.3(a)
and may be amended as provided in Section 2.3(b) (subject to the procedures set forth in Section 2.3(b)).
 (b)
Applicable Principles. The Realized Tax Benefit or Realized Tax Detriment for each Taxable Year is intended to measure the decrease or increase in the actual liability for Taxes of the Corporate Taxpayer for such Taxable Year attributable to
the Basis Adjustments and Imputed Interest, determined using a “with and without” methodology. For the avoidance of doubt, the actual liability for Taxes will take into account the deduction of the portion of the Tax Benefit Payment that
must be accounted for as interest under the Code based upon the characterization of Tax Benefit Payments as additional consideration payable by the Corporate Taxpayer for the Partnership Units acquired in an Exchange. Carryovers or carrybacks of any
Tax item attributable to the Basis Adjustment and Imputed Interest shall be considered to be subject to the rules of the Code and the Treasury Regulations or the appropriate provisions of United States state and local income and franchise tax law,
as applicable, governing the use, limitation and expiration of carryovers or carrybacks of the relevant type. If a carryover or carryback of any Tax item includes a portion that is attributable to the Basis

  
 8 

 
Adjustment or Imputed Interest and another portion that is not, such portions shall be considered to be used in accordance with the “with and without” methodology. The parties agree
that (i) all Tax Benefit Payments attributable to the Basis Adjustments (other than amounts accounted for as interest under the Code) will (A) be treated as subsequent upward purchase price adjustments that give rise to further Basis
Adjustments to Reference Assets for the Corporate Taxpayer and (B) have the effect of creating additional Basis Adjustments to Reference Assets for the Corporate Taxpayer in the year of payment, and (ii) as a result, such additional Basis
Adjustments will be incorporated into the current year calculation and into future year calculations, as appropriate. 

Section 2.3 Procedures, Amendments. 
 (a) Procedure. Every time the Corporate Taxpayer delivers to the applicable Limited Partner an applicable Schedule under this Agreement, including any Amended Schedule delivered pursuant to
Section 2.3(b), but excluding any Early Termination Schedule or amended Early Termination Schedule, the Corporate Taxpayer shall also (x) deliver to the applicable Limited Partner schedules and work papers, as determined by the Corporate
Taxpayer, providing reasonable detail regarding the preparation of the Schedule and (y) allow the applicable Limited Partner reasonable access at no cost to the appropriate representatives at the Corporate Taxpayer, as determined by the
Corporate Taxpayer, in connection with a review of such Schedule. Without limiting the application of the preceding sentence, each time the Corporate Taxpayer delivers to the applicable Limited Partner a Tax Benefit Schedule, in addition to the Tax
Benefit Schedule duly completed, the Corporate Taxpayer shall deliver to the applicable Limited Partner the Corporate Taxpayer Return, the reasonably detailed calculation by the Corporate Taxpayer of the Hypothetical Tax Liability, the reasonably
detailed calculation by the Corporate Taxpayer of the actual Tax liability, as well as any other work papers as determined by the Corporate Taxpayer. An applicable Schedule or amendment thereto shall become final and binding on all parties 30
calendar days from the first date on which a Limited Partner has received the applicable Schedule or amendment thereto unless such Limited Partner (i) within 30 calendar days after receiving an applicable Schedule or amendment thereto, provides
the Corporate Taxpayer with notice of a material objection to such Schedule (“Objection Notice”) made in good faith or (ii) provides a written waiver of such right of any Objection Notice within the period described in clause
(i) above, in which case such Schedule or amendment thereto becomes binding on the date the waiver is received by the Corporate Taxpayer. If the parties, for any reason, are unable to successfully resolve the issues raised in the Objection
Notice within 30 calendar days after receipt by the Corporate Taxpayer of an Objection Notice, the Corporate Taxpayer and the applicable Limited Partner shall employ the reconciliation procedures as described in Section 7.9 of this Agreement
(the “Reconciliation Procedures”). 
 (b) Amended Schedule. The applicable Schedule for any Taxable Year
may be amended from time to time by the Corporate Taxpayer (i) in connection with a Determination affecting such Schedule, (ii) to correct inaccuracies in the Schedule identified as a result of the receipt of additional factual information
relating to a Taxable Year after the date the Schedule was provided to the applicable Limited Partner, (iii) to comply with the Expert’s determination under the Reconciliation Procedures, (iv) to reflect a change in the Realized Tax
Benefit or Realized Tax Detriment for such Taxable Year attributable to a carryback or carryforward of a 

  
 9 

 
loss or other tax item to such Taxable Year, (v) to reflect a change in the Realized Tax Benefit or Realized Tax Detriment for such Taxable Year attributable to an amended Tax Return filed
for such Taxable Year, or (vi) to adjust the Exchange Basis Schedule to take into account payments made pursuant to this Agreement (any such Schedule, an “Amended Schedule”). 

ARTICLE III 
 TAX BENEFIT PAYMENTS 
 Section 3.1 Payments. 

(a) Payments. Within five calendar days after a Tax Benefit Schedule delivered to an applicable Limited Partner becomes final in
accordance with Section 2.3(a), the Corporate Taxpayer shall pay to such Limited Partner for such Taxable Year the Tax Benefit Payment determined pursuant to Section 3.1(b). Each such Tax Benefit Payment shall be made by wire transfer
of immediately available funds to the bank account previously designated by the applicable Limited Partner to the Corporate Taxpayer or as otherwise agreed by the Corporate Taxpayer and the applicable Limited Partner. For the avoidance of
doubt, no Tax Benefit Payment shall be made in respect of estimated tax payments, including, without limitation, federal estimated income tax payments. Notwithstanding anything herein to the contrary, unless the parties agree otherwise in writing
upon request by the applicable Limited Partner, in no event shall the aggregate Tax Benefit Payments in respect of any Exchange (other than amounts accounted for as interest under the Code) exceed
             of the purchase price for the Partnership Units exchanged. 
 (b) A “Tax Benefit Payment” means an amount, not less than zero, equal to the sum of the Net Tax Benefit and the Interest Amount. For the avoidance of doubt, for Tax purposes, the
Interest Amount shall not be treated as interest but instead shall be treated as additional consideration for the acquisition of Partnership Units in Exchanges, unless otherwise required by law. The “Net Tax Benefit” for a Taxable
Year shall be an amount equal to the excess, if any, of 85% of the Cumulative Net Realized Tax Benefit as of the end of such Taxable Year over the total amount of payments previously made under this Section 3.1 (excluding payments attributable
to Interest Amounts); provided, for the avoidance of doubt, that the applicable Limited Partner shall not be required to return any portion of any previously made Tax Benefit Payment. The “Interest Amount” shall equal the
interest on the Net Tax Benefit calculated at the Agreed Rate from the due date (without extensions) for filing the Corporate Taxpayer Return with respect to Taxes for such Taxable Year until the Payment Date. Notwithstanding the foregoing, for
each Taxable Year ending on or after the date of a Change of Control, all Tax Benefit Payments, whether paid with respect to the Partnership Units that were Exchanged (i) prior to the date of such Change of Control or (ii) on or after the
date of such Change of Control, shall be calculated by utilizing Valuation Assumptions (1), (3), (4) and (5), substituting in each case the terms “the closing date of a Change of Control” for an “Early Termination
Date.”
 Section 3.2 No Duplicative Payments. It is intended that the provisions of this Agreement will not
result in duplicative payment of any amount (including interest) required 

  
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under this Agreement. The provisions of this Agreement shall be construed in the appropriate manner to ensure such intentions are realized. 

Section 3.3 Pro Rata Payments. For the avoidance of doubt, to the extent the Corporate Taxpayer’s deduction with respect
to the Basis Adjustment is limited in a particular Taxable Year or the Corporate Taxpayer lacks sufficient funds to satisfy its obligations to make all Tax Benefit Payments due in a particular taxable year, the limitation on the deduction, or the
Tax Benefit Payments that may be made, as the case may be, shall be taken into account or made for each applicable Limited Partner on a pro rata basis relative to the total amount of deductions with respect to the aggregate Basis Adjustments for all
of the applicable Limited Partners. 
 ARTICLE IV 
 TERMINATION 
 Section 4.1 Early Termination and Breach of
Agreement. 
 (a) With the written approval of a majority of the Independent Directors, the Corporate Taxpayer may terminate
this Agreement with respect to all amounts payable to the applicable Limited Partner and with respect to all of the Partnership Units held (or previously held and exchanged) by all Limited Partners at any time by paying to all of the applicable
Limited Partners the Early Termination Payment; provided, however, that this Agreement shall only terminate upon the receipt of the Early Termination Payment by all Limited Partners; and provided, further, that the
Corporate Taxpayer may withdraw any notice to execute its termination rights under this Section 4.1(a) prior to the time at which any Early Termination Payment has been paid. Upon payment of the Early Termination Payment by the Corporate
Taxpayer, neither the applicable Limited Partners nor the Corporate Taxpayer shall have any further payment obligations under this Agreement in respect of such Limited Partner, other than for any (a) Tax Benefit Payment agreed to by the
Corporate Taxpayer and the applicable Limited Partner as due and payable but unpaid as of the Early Termination Notice and (b) Tax Benefit Payment due for the Taxable Year ending with or including the date of the Early Termination Notice
(except to the extent that the amount described in clause (b) is included in the Early Termination Payment). If an Exchange occurs after the Corporate Taxpayer exercises its termination rights under this Section 4.1(a), the Corporate
Taxpayer shall have no obligations under this Agreement with respect to such Exchange. 
 (b) In the event that the Corporate
Taxpayer breaches any of its material obligations under this Agreement, whether as a result of failure to make any payment when due, failure to honor any other material obligation required hereunder or by operation of law as a result of the
rejection of this Agreement in a case commenced under the Bankruptcy Code or otherwise, then all obligations hereunder shall be accelerated and such obligations shall be calculated as if an Early Termination Notice had been delivered on the date of
such breach and shall include, but not be limited to, (1) the Early Termination Payment calculated as if an Early Termination Notice had been delivered on the date of a breach, (2) any Tax Benefit Payment agreed to by the Corporate
Taxpayer and any Limited Partners as due and payable but unpaid as of the date of a breach, and (3) any Tax Benefit Payment due for the Taxable Year ending with or including the date of a breach. Notwithstanding the foregoing, in the event
that the Corporate 

  
 11 

 
Taxpayer breaches this Agreement, the Limited Partners shall be entitled to elect to receive the amounts set forth in clauses (1), (2) and (3) above or to seek specific performance of
the terms hereof. The parties agree that the failure to make any payment due pursuant to this Agreement within three months of the date such payment is due shall be deemed to be a breach of a material obligation under this Agreement for all
purposes of this Agreement, and that it will not be considered to be a breach of a material obligation under this Agreement to make a payment due pursuant to this Agreement within three months of the date such payment is due. 

Section 4.2 Early Termination Notice. If the Corporate Taxpayer chooses to exercise its right of early termination under
Section 4.1 above, the Corporate Taxpayer shall deliver to the applicable Limited Partner notice of such intention to exercise such right (“Early Termination Notice”) and a schedule (the “Early Termination
Schedule”) specifying the Corporate Taxpayer’s intention to exercise such right and showing in reasonable detail the calculation of the Early Termination Payment for the applicable Limited Partner. The Early Termination Schedule shall
become final and binding on all parties 30 calendar days from the first date on which the applicable Limited Partner has received such Schedule or amendment thereto unless the applicable Limited Partner (i) within 30 calendar days after
receiving the Early Termination Schedule, provides the Corporate Taxpayer with notice of a material objection to such Schedule made in good faith (“Material Objection Notice”) or (ii) provides a written waiver of such right of
a Material Objection Notice within the period described in clause (i) above, in which case such Schedule becomes binding on the date the waiver is received by the Corporate Taxpayer (the “Early Termination Effective Date”). If
the parties, for any reason, are unable to successfully resolve the issues raised in such notice within 30 calendar days after receipt by the Corporate Taxpayer of the Material Objection Notice, the Corporate Taxpayer and the applicable Limited
Partner shall employ the Reconciliation Procedures.
 Section 4.3 Payment upon Early Termination. 

(a) Within three calendar days after the Early Termination Effective Date, the Corporate Taxpayer shall pay to the applicable Limited
Partner an amount equal to the Early Termination Payment. Such payment shall be made by wire transfer of immediately available funds to a bank account or accounts designated by the applicable Limited Partner or as otherwise agreed by the Corporate
Taxpayer and the applicable Limited Partner. 
 (b) “Early Termination Payment” shall equal the present value,
discounted at the Early Termination Rate as of the Early Termination Effective Date, of all Tax Benefit Payments that would be required to be paid by the Corporate Taxpayer to the applicable Limited Partner beginning from the Early Termination Date
and assuming that the Valuation Assumptions are applied.
 ARTICLE V 

SUBORDINATION AND LATE PAYMENTS 
 Section 5.1 Subordination. Notwithstanding any other provision of this Agreement to the contrary, any Tax Benefit Payment or Early Termination Payment required to be made by the Corporate
Taxpayer to the applicable Limited Partner under this Agreement shall 

  
 12 

 
rank subordinate and junior in right of payment to any principal, interest or other amounts due and payable in respect of any obligations in respect of indebtedness for borrowed money of the
Corporate Taxpayer and its Subsidiaries (“Senior Obligations”) and shall rank pari passu with all current or future unsecured obligations of the Corporate Taxpayer that are not Senior Obligations.

Section 5.2 Late Payments by the Corporate Taxpayer. The amount of all or any portion of any Tax Benefit Payment or Early
Termination Payment not made to the applicable Limited Partner when due under the terms of this Agreement shall be payable together with any interest thereon, computed at the Default Rate and commencing from the date on which such Tax Benefit
Payment or Early Termination Payment was due and payable. 
 ARTICLE VI 

NO DISPUTES; CONSISTENCY; COOPERATION 
 Section 6.1 Participation in the Corporate Taxpayer’s and the Partnerships’ Tax Matters. Except as otherwise provided herein, the Corporate Taxpayer shall have full responsibility
for, and sole discretion over, all Tax matters concerning the Corporate Taxpayer and the Partnerships, including without limitation the preparation, filing or amending of any Tax Return and defending, contesting or settling any issue pertaining to
Taxes. Notwithstanding the foregoing, the Corporate Taxpayer shall notify the applicable Limited Partner of, and keep the applicable Limited Partner reasonably informed with respect to, the portion of any audit of the Corporate Taxpayer and the
Partnerships by a Taxing Authority the outcome of which is reasonably expected to affect the rights and obligations of the applicable Limited Partner under this Agreement, and shall provide to the applicable Limited Partner reasonable opportunity to
provide information and other input to the Corporate Taxpayer, the Partnerships and their respective advisors concerning the conduct of any such portion of such audit; provided, however, that the Corporate Taxpayer and the Partnerships
shall not be required to take any action that is inconsistent with any provision of the Partnership Agreements. 

Section 6.2 Consistency. The Corporate Taxpayer and the applicable Limited Partner agree to report and cause to be reported
for all purposes, including federal, state and local Tax purposes and financial reporting purposes, all Tax-related items (including, without limitation, the Basis Adjustments and each Tax Benefit Payment) in a manner consistent with that specified
by the Corporate Taxpayer in any Schedule required to be provided by or on behalf of the Corporate Taxpayer under this Agreement unless otherwise required by law. 
 Section 6.3 Cooperation. The applicable Limited Partner shall (a) furnish to the Corporate Taxpayer in a timely manner such information, documents and other materials as the Corporate
Taxpayer may reasonably request for purposes of making any determination or computation necessary or appropriate under this Agreement, preparing any Tax Return or contesting or defending any audit, examination or controversy with any Taxing
Authority, (b) make itself available to the Corporate Taxpayer and its representatives to provide explanations of documents and materials and such other information as the Corporate Taxpayer or its representatives may reasonably request in
connection with any of the matters described in clause (a) above, and (c) reasonably cooperate in connection with any such matter, and the Corporate 

  
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Taxpayer shall reimburse the applicable Limited Partner for any reasonable third-party costs and expenses incurred pursuant to this Section. 

ARTICLE VII 
 MISCELLANEOUS 
 Section 7.1 Notices. All notices, requests,
claims, demands and other communications hereunder shall be in writing and shall be deemed duly given and received (a) on the date of delivery if delivered personally, or by facsimile upon confirmation of transmission by the sender’s fax
machine if sent on a Business Day (or otherwise on the next Business Day) or (b) on the first Business Day following the date of dispatch if delivered by a recognized next-day courier service. All notices hereunder shall be delivered as set
forth below, or pursuant to such other instructions as may be designated in writing by the party to receive such notice:
 If to
the Corporate Taxpayer, to:

[                      
                 ] 

[                      
                 ] 
 Telephone:
                     

Facsimile:
                       
 Attention: General Counsel 
 with a copy (which shall not constitute notice to the
Corporate Taxpayer) to: 
 Paul, Weiss, Rifkind, Wharton & Garrison LLP 

1285 Avenue of the Americas 
 New York, NY 10019-6064 
 Telephone: (212) 373-3000 

Facsimile: (212) 757-3990 
 Attention: David S. Huntington, Esq. 
 If to the applicable Limited Partner,
to:
 The address and facsimile number set forth in the records of the Partnerships. 

Any party may change its address or fax number by giving the other party written notice of its new address or fax number in the manner set forth above.

 Section 7.2 Counterparts. This Agreement may be executed in one or more counterparts, all of which shall be
considered one and the same agreement and shall become effective when one or more counterparts have been signed by each of the parties and delivered to the other parties, it being understood that all parties need not sign the same counterpart.
Delivery of an executed signature page to this Agreement by facsimile transmission shall be as effective as delivery of a manually signed counterpart of this Agreement. 

  
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 Section 7.3
Entire Agreement; No Third Party Beneficiaries. This Agreement constitutes the entire agreement and supersedes all prior agreements and understandings, both written and oral, among the parties with respect to the subject matter hereof. This
Agreement shall be binding upon and inure solely to the benefit of each party hereto and their respective successors and permitted assigns, and nothing in this Agreement, express or implied, is intended to or shall confer upon any other Person any
right, benefit or remedy of any nature whatsoever under or by reason of this Agreement. 
 Section 7.4 Governing
Law. This Agreement shall be governed by, and construed in accordance with, the law of the State of New York, without regard to the conflicts of laws principles thereof that would mandate the application of the laws of another jurisdiction.

 Section 7.5 Severability. If any term or other provision of this Agreement is invalid, illegal or incapable of
being enforced by any law or public policy, all other terms and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not affected in any
manner materially adverse to any party. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the
original intent of the parties as closely as possible in an acceptable manner in order that the transactions contemplated hereby are consummated as originally contemplated to the greatest extent possible. 

Section 7.6 Successors; Assignment; Amendments; Waivers. 

(a) A Limited Partner may assign any of its rights under this Agreement to any Person as long as such transferee has executed and
delivered, or, in connection with such transfer, executes and delivers, a joinder to this Agreement, in form and substance reasonably satisfactory to the Corporate Taxpayer, agreeing to become a “Limited Partner” for all purposes of this
Agreement and under the Partnership Agreement, except as otherwise provided in such joinder. 
 (b) No provision of this
Agreement may be amended unless such amendment is approved in writing by the Corporate Taxpayer, on behalf of itself and the Partnerships, and by Limited Partners who would be entitled to receive at least two-thirds of the Early Termination Payments
payable to all Limited Partners hereunder if the Corporate Taxpayer had exercised its right of early termination on the date of the most recent Exchange prior to such amendment (excluding, for purposes of this sentence, all payments made to any
Limited Partner pursuant to this Agreement since the date of such most recent Exchange); provided, that no such amendment shall be effective if such amendment will have a disproportionate effect on the payments certain Limited Partners will
or may receive under this Agreement unless all such Limited Partners disproportionately affected consent in writing to such amendment; provided, further, that the definition of Change of Control cannot be amended without the written
approval of a majority of the Independent Directors. No provision of this Agreement may be waived unless such waiver is in writing and signed by the party against whom the waiver is to be effective. 

(c) All of the terms and provisions of this Agreement shall be binding upon, shall inure to the benefit of and shall be enforceable by
the parties hereto and their respective 

  
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successors, assigns, heirs, executors, administrators and legal representatives. The Corporate Taxpayer shall require and cause any direct or indirect successor (whether by purchase, merger,
consolidation or otherwise) to all or substantially all of the business or assets of the Corporate Taxpayer, by written agreement, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Corporate
Taxpayer would be required to perform if no such succession had taken place. 
 Section 7.7 Titles and Subtitles.
The titles of the sections and subsections of this Agreement are for convenience of reference only and are not to be considered in construing this Agreement. 
 Section 7.8 Resolution of Disputes. 
 (a) Any and all disputes which
cannot be settled amicably, including any ancillary claims of any party, arising out of, relating to or in connection with the validity, negotiation, execution, interpretation, performance or non-performance of this Agreement (including the
validity, scope and enforceability of this arbitration provision) (each a “Dispute”) shall be finally settled by arbitration conducted by a single arbitrator in New York in accordance with the then-existing Rules of Arbitration of
the International Chamber of Commerce. If the parties to the Dispute fail to agree on the selection of an arbitrator within ten (10) days of the receipt of the request for arbitration, the International Chamber of Commerce shall make the
appointment. The arbitrator shall be a lawyer admitted to the practice of law in the State of New York and shall conduct the proceedings in the English language. Performance under this Agreement shall continue if reasonably possible during any
arbitration proceedings.
 (b) Notwithstanding the provisions of paragraph (a), the Corporate Taxpayer may bring an action or
special proceeding in any court of competent jurisdiction for the purpose of compelling a party to arbitrate, seeking temporary or preliminary relief in aid of an arbitration hereunder, and/or enforcing an arbitration award and, for the purposes of
this paragraph (b), each Limited Partner (i) expressly consents to the application of paragraph (c) of this Section 7.8 to any such action or proceeding, (ii) agrees that proof shall not be required that monetary damages for
breach of the provisions of this Agreement would be difficult to calculate and that remedies at law would be inadequate, and (iii) irrevocably appoints the Corporate Taxpayer as agent of such Limited Partner for service of process in connection
with any such action or proceeding and agrees that service of process upon such agent, who shall promptly advise such Limited Partner of any such service of process, shall be deemed in every respect effective service of process upon such Limited
Partner in any such action or proceeding. 
 (c) (i) EACH PARTY HEREBY IRREVOCABLY SUBMITS TO THE JURISDICTION OF COURTS LOCATED
IN NEW YORK, NEW YORK FOR THE PURPOSE OF ANY JUDICIAL PROCEEDING BROUGHT IN ACCORDANCE WITH THE PROVISIONS OF THIS SECTION 7.8, OR ANY JUDICIAL PROCEEDING ANCILLARY TO AN ARBITRATION OR CONTEMPLATED ARBITRATION ARISING OUT OF OR RELATING TO OR
CONCERNING THIS AGREEMENT. Such ancillary judicial proceedings include any suit, action or proceeding to compel arbitration, to obtain temporary or preliminary judicial relief in aid of arbitration, or to confirm an arbitration award. The parties
acknowledge 

  
 16 

 
that the fora designated by this paragraph (c) have a reasonable relation to this Agreement, and to the parties’ relationship with one another; and

(ii) The parties hereby waive, to the fullest extent permitted by applicable law, any objection which they now or hereafter may have to
personal jurisdiction or to the laying of venue of any such ancillary suit, action or proceeding brought in any court referred to in the preceding paragraph of this Section 7.8 and such parties agree not to plead or claim the same. 

Section 7.9 Reconciliation. In the event that the Corporate Taxpayer and the applicable Limited Partner are unable to resolve
a disagreement with respect to the matters governed by Sections 2.3, 4.2 and 6.2 within the relevant period designated in this Agreement (“Reconciliation Dispute”), the Reconciliation Dispute shall be submitted for determination to
a nationally recognized expert (the “Expert”) in the particular area of disagreement mutually acceptable to both parties. The Expert shall be a partner in a nationally recognized law firm, and unless the Corporate Taxpayer and the
applicable Limited Partner agree otherwise, the Expert shall not, and the firm that employs the Expert shall not, have any material relationship with the Corporate Taxpayer or the applicable Limited Partner or other actual or potential conflict of
interest. If the parties are unable to agree on an Expert within fifteen (15) days of receipt by the respondent(s) of written notice of a Reconciliation Dispute, the Expert shall be appointed by the International Chamber of Commerce Centre for
Expertise. The Expert shall resolve any matter relating to the Exchange Basis Schedule or an amendment thereto or the Early Termination Schedule or an amendment thereto within 30 calendar days and shall resolve any matter relating to a Tax Benefit
Schedule or an amendment thereto within 15 calendar days or as soon thereafter as is reasonably practicable, in each case after the matter has been submitted to the Expert for resolution. Notwithstanding the preceding sentence, if the matter is
not resolved before any payment that is the subject of a disagreement would be due (in the absence of such disagreement) or any Tax Return reflecting the subject of a disagreement is due, the undisputed amount shall be paid on the date prescribed by
this Agreement and such Tax Return may be filed as prepared by the Corporate Taxpayer, subject to adjustment or amendment upon resolution. The costs and expenses relating to the engagement of such Expert or amending any Tax Return shall be
borne by the Corporate Taxpayer except as provided in the next sentence. The Corporate Taxpayer and the applicable Limited Partner shall bear their own costs and expenses of such proceeding, unless (i) the Expert adopts the applicable
Limited Partner’s position, in which case the Corporate Taxpayer shall reimburse the applicable Limited Partner for any reasonable out-of-pocket costs and expenses in such proceeding, or (ii) the Expert adopts the Corporate Taxpayer’s
position, in which case the applicable Limited Partner shall reimburse the Corporate Taxpayer for any reasonable out-of-pocket costs and expenses in such proceeding. Any dispute as to whether a dispute is a Reconciliation Dispute within the
meaning of this Section 7.9 shall be decided by the Expert. The Expert shall finally determine any Reconciliation Dispute and the determinations of the Expert pursuant to this Section 7.9 shall be binding on the Corporate Taxpayer and
the applicable Limited Partner and may be entered and enforced in any court having jurisdiction.
 Section 7.10
Withholding. The Corporate Taxpayer shall be entitled to deduct and withhold from any payment payable pursuant to this Agreement such amounts as the Corporate Taxpayer is required to deduct and withhold with respect to the making of such
payment under the Code or any provision of state, local or foreign tax law. To the extent that 

  
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amounts are so withheld and paid over to the appropriate Taxing Authority by the Corporate Taxpayer, such withheld amounts shall be treated for all purposes of this Agreement as having been paid
to the applicable Limited Partner. 
 Section 7.11 Affiliated Corporations of Other Aveon Holdings General Partners;
Admission of the Corporate Taxpayer into a Consolidated Group; Transfers of Corporate Assets.
 (a) The other Aveon Holdings
General Partners shall provide that all provisions of this Agreement shall correspondingly apply, including the payment of Tax Benefit Payments by any corporation owned directly or indirectly in whole or in part, now or in the future, by other Aveon
Holdings General Partners, with respect to any Realized Tax Benefit with respect to limited partner interests in other Aveon Holdings Partnerships, that are part of the Exchange and in which such corporation owns an interest, under the same terms
and conditions as set forth in this Agreement, and the other Aveon Holdings General Partners shall cause such corporation to execute and deliver a joinder to this Agreement to such effect. If either (i) the Parent or any other Aveon Holdings
General Partner elects to be treated as a corporation for tax purposes, or (ii) the Parent holds any other Aveon Holdings General Partner directly or indirectly through an entity that is treated as a corporation for tax purposes, then the
provisions of this Agreement shall apply (w) to such other Aveon Holdings General Partner in the same manner as it applies to the Corporate Taxpayer and (x) to each partnership, limited partnership and limited liability company Controlled
by any other Aveon Holdings General Partner as if each such entity were a Partnership; provided that, if any Partnership Units or limited partner interests in other Aveon Holdings Partnerships were Exchanged prior to an event described in
clause (i) or (ii) above, then (y) such Exchange shall be treated for purposes of this Agreement as having occurred immediately after such event at the Market Value in existence at the time of such prior Exchange, and (z) the
entity that is to be treated in the same manner as the Corporate Taxpayer shall be required to make the same Tax Benefit Payments pursuant to the terms of this Agreement that it would have been required to make had it been treated in the same manner
as the Corporate Taxpayer on the date of such Exchange; provided, however, that such Tax Benefit Payments shall be payable only with respect to (I) Reference Assets that are still owned at the time of the event described in clause
(i) or (ii) above, and (II) taxable years of such entity ending on or after the date of the event described in clause (i) or (ii) above. 
 (b) If the Corporate Taxpayer is or becomes a member of an affiliated or consolidated group of corporations that files a consolidated income tax return pursuant to Sections 1501 et seq. of the Code or any
corresponding provisions of state or local law, then: (i) the provisions of this Agreement shall be applied with respect to the group as a whole; and (ii) Tax Benefit Payments, Early Termination Payments and other applicable items
hereunder shall be computed with reference to the consolidated taxable income of the group as a whole. 
 (c) Notwithstanding
any other provision of this Agreement, if Parent acquires one or more assets that, as of an Exchange Date, have not been contributed to the Corporate Taxpayer (other than Parent’s interests in the other Aveon Holdings General Partners) (such
assets, “Excluded Assets”), then all Tax Benefit Payments due hereunder shall be computed as if such assets had been contributed to the Corporate Taxpayer on a pro rata basis on the date such assets were first acquired by Parent;
provided, however, that if an Excluded Asset consists of 

  
 18 

 
stock in a corporation, then, for purposes of this Section 7.11(c), (i) such corporation (and any corporation Controlled by such corporation) shall be deemed to have contributed its
assets to the Corporate Taxpayer in a transaction described in Section 351 of the Code, and (ii) the Corporate Taxpayer shall be deemed to have contributed all such assets to the Partnerships, in each case on the date on which the Parent
acquired stock of such corporation. 
 (d) If any entity that is obligated to make a Tax Benefit Payment or Early Termination
Payment hereunder transfers one or more assets to a corporation (or a Person classified as a corporation for United States income tax purposes) with which such entity does not file a consolidated tax return pursuant to Section 1501 of the Code,
such entity, for purposes of calculating the amount of any Tax Benefit Payment or Early Termination Payment (e.g., calculating the gross income of the entity and determining the Realized Tax Benefit of such entity) due hereunder, shall be treated as
having disposed of such asset in a fully taxable transaction on the date of such contribution. The consideration deemed to be received by such entity shall be equal to the fair market value of the contributed asset. For purposes of this
Section 7.11, a transfer of a partnership interest shall be treated as a transfer of the transferring partner’s share of each of the assets and liabilities of that partnership. 

Section 7.12 Confidentiality. Each Limited Partner and each of its assignees acknowledge and agree that the information of
the Corporate Taxpayer is confidential and, except in the course of performing any duties as necessary for the Corporate Taxpayer and its Affiliates, as required by law or legal process or to enforce the terms of this Agreement, shall keep and
retain in the strictest confidence and not to disclose to any Person all confidential matters, acquired pursuant to this Agreement, of the Corporate Taxpayer or any Person included within the Parent and their respective Affiliates and successors and
the other Limited Partners, including, without limitation, the identity of the beneficial holders of interests in any fund or account managed by the Parent or any of its Subsidiaries, confidential information concerning the Parent, any Person
included within the Parent and their respective Affiliates and successors, the other Limited Partners and any fund, account or investment managed by any Person included within the Parent, including marketing, investment, performance data, fund
management, credit and financial information, and other business affairs of the Corporate Taxpayer, any Person included within the Parent and their respective Affiliates and successors, the other Limited Partners and any fund, account or investment
managed directly or indirectly by any Person included within the Corporate Taxpayer learned by the Limited Partner heretofore or hereafter. This Section 7.12 shall not apply to (i) any information that has been made publicly available by
the Corporate Taxpayer or any of its Affiliates, becomes public knowledge (except as a result of an act of such Limited Partner in violation of this Agreement) or is generally known to the business community and (ii) the disclosure of
information to the extent necessary for a Limited Partner to prepare and file his or her or its Tax Returns, to respond to any inquiries regarding the same from any taxing authority or to prosecute or defend any action, proceeding or audit by any
taxing authority with respect to such returns. Notwithstanding anything to the contrary herein, each Limited Partner and each of its assignees (and each employee, representative or other agent of such Limited Partner or its assignees, as
applicable) may disclose to any and all Persons, without limitation of any kind, the tax treatment and tax structure of the Corporate Taxpayer, any Partnership, the Limited Partners and their Affiliates, and any of their transactions, and all

  
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materials of any kind (including opinions or other tax analyses) that are provided to the Limited Partners relating to such tax treatment and tax structure. 

If a Limited Partner or an assignee commits a breach, or threatens to commit a breach, of any of the provisions of this Section 7.12, the Corporate
Taxpayer shall have the right and remedy to have the provisions of this Section 7.12 specifically enforced by injunctive relief or otherwise by any court of competent jurisdiction without the need to post any bond or other security, it
being acknowledged and agreed that any such breach or threatened breach shall cause irreparable injury to the Corporate Taxpayer or any of its Subsidiaries or the other Limited Partners and the accounts and funds managed by the Corporate Taxpayer
and that money damages alone shall not provide an adequate remedy to such Persons. Such rights and remedies shall be in addition to, and not in lieu of, any other rights and remedies available at law or in equity. 

Section 7.13 Change in Law. 
 (a) Notwithstanding anything herein to the contrary, if, in connection with an actual or proposed change in law, a Limited Partner reasonably believes that the existence of this Agreement could cause
income (other than income arising from receipt of a payment under this Agreement) recognized by such Limited Partner upon an Exchange to be treated as ordinary income rather than capital gain (or otherwise taxed at ordinary income rates) for United
States federal income tax purposes or would have other material adverse tax consequences to the Limited Partner (a “Change in Tax Law”), then at the election of such Limited Partner and to the extent specified by such Limited
Partner, this Agreement (i) shall cease to have further effect, (ii) shall not apply to an Exchange occurring after a date specified by such Limited Partner, or (iii) shall otherwise be amended in a manner determined by such Limited
Partner provided that such amendment shall not result in an increase in payments under this Agreement at any time as compared to the amounts and times of payments that would have been due in the absence of such amendment (assuming that no payment is
due under Section 7.13(b)). 
 (b) If a Limited Partner delivers to the Corporate Taxpayer a notice of acceleration
accompanied by an opinion of a Qualified Tax Advisor to the effect that based upon such Change in Tax Law (taking into account any applicable administrative pronouncements or rulings, formal or informal Congressional actions or statements, or
otherwise) (i) the existence of this Agreement will more likely than not cause income (other than income arising from receipt of a payment under this Agreement) recognized by any of the Limited Partner upon any Exchange to be treated as
ordinary income rather than capital gain (or otherwise taxed at ordinary income rates) for United States federal income tax purposes or would have other material adverse tax consequences to such Limited Partner, and (ii) substantially all of
such income described in Section 7.13(b)(i) above would be more likely than not taxable at capital gain rates or such other material adverse tax consequences would be avoided as a result of making the election described in this
Section 7.13(b), then such Limited Partner may elect to cause the Corporate Taxpayer to make a lump sum payment in lieu of the Tax Benefit Payments otherwise provided in this Agreement in accordance with the procedures described in Article IV,
in an amount equal to the sum of the present values of all such Tax Benefits Payments, substituting in each case “70%” for “85%” in the calculation of Net Tax Benefit, discounted at the Early Termination Rate as of the effective
date specified in the notice of acceleration, and assuming the Valuation Assumptions (1) through (5) are applied; provided, that no amount shall be payable under this Section 7.13(b)

  
 20 

 
unless, with respect to at least 50% of the Partnership Units held by such Limited Partner at the time of execution of this Agreement, all rights to payments under this Agreement shall have been
terminated pursuant to Section 7.13(a) (and for the avoidance of doubt, no payments pursuant to this Section 7.13(b) shall be made in respect of such Partnership Units); provided, further, that if such payment would be due on
or after the effective date of the applicable Change in Tax Law, at the election of an applicable Limited Partner, such payment shall to the extent reasonably practicable instead be made no later than the date prior to the effective date of the
applicable Change in Tax Law (using the best available estimates and information at such time). 
 (c) The Corporate Taxpayer
shall have the right to satisfy its obligation to make a lump sum payment under Section 7.13(b) by issuing a subordinated debt instrument of the Corporate Taxpayer, with a maturity date seven years after issuance, with interest payment required
to be made quarterly, and bearing interest at a rate equal to the lesser of (i) 6% per annum and (ii) LIBOR plus 200 basis points. 
 Section 7.14 Partnership Agreement. This Agreement shall be treated as part of the partnership agreement of each Partnership as described in Section 761(c) of the Code, and Sections
1.704-1(b)(2)(ii)(h) and 1.761-1(c) of the Treasury Regulations. 
 Section 7.15 Partnerships. The Corporate
Taxpayer hereby agrees that, to the extent it acquires a general partner interest, managing member interest or similar interest in any Person after the date hereof, it shall cause such Person to execute and deliver a joinder to this Agreement and
become a “Partnership” for all purposes of this Agreement. 
 Section 7.16 Headings. The headings in this
Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning hereof. 
 [Remainder of Page
Intentionally Left Blank] 

  
 21 

  
 IN WITNESS WHEREOF,
the Corporate Taxpayer and each Limited Partner have duly executed this Agreement as of the date first written above. 
  

			
	AVEON HOLDINGS I GP INC.
		
	By:	 	  

		 	Name:
		 	Title:
	
	AVEON HOLDINGS I L.P.,
		
	 By:
	 	 Aveon Holdings I GP Inc.,

its General Partner

		
	By:	 	  

		 	Name:
		 	Title:
	
	 LIMITED PARTNERS:
  

FOUNDING INVESTORS, LLC

		
	By:	 	  

		 	Name:
		 	Title:
		
	By:	 	  

		 	Name:

 Signature Page to Tax
Receivable Agreement

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