Document:

EX-10.19

 Exhibit 10.19 

Execution Copy 
 This
AMENDED AND RESTATED TRANSACTION AND MANAGEMENT FEE AGREEMENT (this “Agreement”) is dated as of November 5, 2016 and is among SMART Worldwide Holdings, Inc. (f/k/a SMART Modular Technologies (WWH), Inc., as successor to
Saleen Acquisition, Inc.), a Cayman Islands exempted company (together with its successors, the “Company”), Silver Lake Management Company III, L.L.C., a Delaware limited liability company (“SLMC”), and Silver Lake
Management Company Sumeru, L.L.C., a Delaware limited liability company (“SLMCS” and together with SLMC, the “Managers” and each a “Manager”). 

WHEREAS, the Company has entered into an Agreement and Plan of Merger, dated as of April 26, 2011 (as may be amended, supplemented or
modified, the “Merger Agreement”) by and among Saleen Holdings, Inc., a Cayman Islands exempted company (“Parent”) pursuant to which Saleen Acquisition, Inc. merged with and into SMART Worldwide Holdings, Inc.
(f/k/a SMART Modular Technologies (WWH), Inc.) (the “Merger”); 
 WHEREAS, each of the Managers has expertise in the areas
of finance, strategy, investment, acquisitions and other matters relating to the Company and its business and has facilitated the Merger and certain other related transactions (collectively, the “Transactions”) through its provision
of financial and structural analysis, due diligence investigations, other advice and negotiation assistance with all relevant parties to the Transactions. Each of the Managers has also provided advice and negotiation assistance with relevant parties
in connection with the financing of the Transactions as contemplated by the Merger Agreement; 
 WHEREAS, the Company desires to avail
itself, for the Term of this Agreement, of each of the Managers’ expertise in providing financial and structural analysis, due diligence investigations, corporate strategy, other advice and negotiation assistance, which the Company believes
will be beneficial to it, and each of the Managers desires to provide the services to the Company as set forth in this Agreement in consideration of the payment of the fees described below; and 

WHEREAS, the rendering by each of the Managers of the services described in this Agreement has been made and will be made on the basis that
the Company will pay, or cause to be paid, the fees described below. 
 NOW, THEREFORE, in consideration of the premises and agreements
contained herein and of other good and valuable consideration, the sufficiency of which are hereby acknowledged, the parties agree as follows: 

AGREEMENT 
 SECTION
1. Transaction and M&A Management Fees. In consideration of each Manager undertaking financial and structural analysis, due diligence investigations, corporate strategy and other advice and negotiation assistance necessary
in order to enable the Transactions to be consummated, the Company will pay at the Closing (as defined in the Merger Agreement) of the Merger (the date of such Closing, the “Closing Date”) a
non-refundable and irrevocable transaction fee (the “Transaction Fee”), by wire transfer of immediately available funds to the bank account or accounts designated by each Manager, of (a)
$10,000,000 to SLMC (or its designees) and (b) $5,000,000 to SLMCS (or its designees). The parties hereto acknowledge and agree that the Transaction Fee has been paid in full on August 26, 2011 (the “Original Agreement Date”).

 SECTION 2. Appointment. The Company hereby engages each of the Managers to
render the Services (as defined in Section 3(a)) on the terms and subject to the conditions of this Agreement. 
 SECTION 3.
Services. (a) Each of the Managers, severally and not jointly, agrees that until the expiration of the Term (as defined below) or the earlier termination of all or part of its obligations under this
Section 3 pursuant to Section 4(d) hereof, it will render to the Company or any of its subsidiaries, by and through itself and its affiliates and such of their respective officers, employees, representatives, agents
and third parties as such Manager in its sole discretion may designate from time to time, monitoring, advisory and consulting services in relation to the affairs of the Company and its subsidiaries, as and to the extent requested by the Company, in
each case as the Company shall reasonably and specifically request by way of written notice to the Managers, which notice shall specify the services required of the Managers, including, without limitation, (i) advice regarding the structure,
distribution and timing of private or public debt or equity offerings and advice regarding relationships with the Company’s and its subsidiaries’ lenders and bankers, including in relation to the selection, retention and supervision of
independent auditors, outside legal counsel, investment bankers or other financial advisors or consultants, (ii) advice regarding the strategy of the Company and its subsidiaries, (iii) advice regarding the structuring and implementation
of equity participation plans, employee benefit plans and other incentive arrangements for certain key executives of the Company, (iv) general advice regarding dispositions and/or acquisitions, (v) advice regarding the business of the
Company and its subsidiaries and (vi) such other advice directly related or ancillary to the above services as may be reasonably requested by the Company (collectively, the “Services”). Neither Manager will have any obligation
to provide any other services to the Company or its subsidiaries absent an agreement between such Manager and the Company or its subsidiaries over the scope of such other services and the payment therefor. 

(b) It is expressly agreed that the Services to be rendered hereunder will not include investment banking or other financial advisory services
which may be provided by each of the Managers or any of their respective affiliates to the Company, or any of its subsidiaries, in connection with any specific proposed acquisition, divestiture, disposition, merger, consolidation, restructuring,
refinancing, recapitalization, issuance of private or public debt or equity securities, financing or similar transaction by the Company or any of its subsidiaries (each, a “Future Transaction”). Each of the Managers may be entitled
to receive additional compensation for providing services of the type specified in the preceding sentence (collectively, the “Additional Services”) by mutual agreement of the Company or such subsidiary, on the one hand, and each of
the Managers or their respective relevant affiliates, on the other hand (it being understood that the only such additional compensation that the Managers may be entitled to receive in connection with an Initial Public Offering (as defined in that
certain Sponsor Shareholders Agreement, dated as of August 26, 2011, by and among Parent and the investors named therein as it may be amended from time to time, the “Sponsor Shareholders Agreement”)) or a Change of Control (as
defined below) or other liquidity event in which the Sponsor Investors 

  
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(as defined in the Sponsor Shareholders Agreement) sell their interests in Parent, shall be the consideration described in Section 4(d); provided, however, that any such
additional compensation for Additional Services shall be apportioned (i) two-thirds (2/3) to SLMC and (ii) one-third (1/3) to SLMCS; and provided,
further, that any such additional compensation for Additional Services for any Future Transaction shall be equal to customary fees charged by internationally recognized investment banks for serving as an advisor in a similar transaction as
such Future Transaction. 
 (c) The Managers shall perform all services to be provided hereunder as an independent contractor to the Company
and not as employees, agents or representatives of the Company. 
 (d) For purposes of this Agreement, “Change of Control”
shall mean the occurrence of any of the following: (i) the sale, lease or transfer, in one or a series of related transactions, of all or substantially all of the assets of Parent and its subsidiaries, taken as a whole (which assets may include
the capital stock of subsidiaries), to any person or entity other than the Sponsor Investors or their affiliates or (ii) the acquisition, directly or indirectly, by any person, entity or group (within the meaning of Section 13(d)(3) or Section
14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or any successor provision) other than the Sponsor Investors or their affiliates, in a single transaction or in a related series of transactions, by
way of merger, consolidation or other business combination or purchase of beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act, or any successor provision) of capital stock
representing 50% or more of the total voting power of Parent or any of its direct or indirect parent companies holding directly or indirectly greater than 50% of the total voting power of Parent. 

SECTION 4. Management and Other Fees. 

(a) In consideration of the Services being rendered by the Managers, the Company will pay, or will cause to be paid, to the Managers an
aggregate annual non-refundable and irrevocable management fee (the “Management Fee”), by wire transfer of immediately available funds to the bank account or accounts designated by each
Manager, of $4,000,000, payable in quarterly installments in arrears at the end of each calendar quarter, subject to adjustment from time to time as set forth below. The initial Management Fee shall be pro rated to reflect the portion of the current
calendar year which has elapsed prior to the Closing Date. The Management Fee (including each installment payment thereof) shall be apportioned (i) one-half (1/2) to SLMC and (ii) one-half (1/2) to SLMCS. The Management Fee shall be payable regardless of the level of Services provided during any fiscal quarter and shall not be refundable under any circumstances. 

(b) In the event the Company or any of its subsidiaries enters into a business combination transaction with another entity that is large enough
to constitute a “significant subsidiary” of the Company under any of the relevant tests contained in Regulation S-X as promulgated by the Securities and Exchange Commission, the Company and the
Managers will mutually agree, following good faith negotiations, on an appropriate increase in the Management Fee as warranted by the increase in the consolidated size of the Company. Such increase in the Management Fee will be pro rated on the
basis of the number of days elapsed in the then applicable quarter in which such transaction is consummated. 

  
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 (c) To the extent the Company cannot pay, or cause to be paid, the Management Fee for any reason,
including by reason of any prohibition on such payment pursuant to any applicable law or the terms of any agreement or indenture governing indebtedness of the Company or its subsidiaries, the payment by the Company or any of its subsidiaries to the
Managers of the accrued and payable Management Fee will be deferred and will be payable immediately on the earlier of (i) the first date on which the payment of such deferred Management Fee is no longer prohibited under any such agreement or
indenture applicable to the Company and the Company or its subsidiaries, as applicable, is otherwise able to make such payment, or cause such payment to be made and (ii) total or partial liquidation, dissolution or winding up of the Company.
Notwithstanding anything to the contrary herein, under any applicable law or under any contract applicable to the Company or its subsidiaries, any forbearance of collection of the Management Fee by either Manager shall not be deemed to be a
subordination of such payments to any other person, entity or creditor of the Company or its subsidiaries (including, without limitation, the other Manager). Any such forbearance shall be at such Manager’s sole option and discretion and shall
in no way impair such Manager’s right to collect such payments or the other Manager’s right to collect any payment hereunder. Any installment of the Management Fee not paid on the scheduled due date shall not bear interest. 

(d) Notwithstanding anything to the contrary contained in this Agreement, the Requisite Managers (as defined below) may elect, in their sole
discretion by the delivery of written notice to the Company, at any time in connection with or in anticipation of a Change of Control or an Initial Public Offering to receive, in consideration of the Managers’ role in facilitating the same and
in settlement of the termination of the Services, any remaining accrued and unpaid Management Fees (including any accrued and unpaid installment payments thereof) payable by the Company under this Agreement. Promptly after the receipt of such
written notice (or at such other time as designated therein), the Company shall pay any accrued and unpaid Management Fees (including any accrued and unpaid installment payments thereof) to the Managers (or their respective designees) by wire
transfer in same-day funds to the bank account or accounts designated by each Manager, which payment shall not be refundable under any circumstances. Upon the giving of such notice, the obligation of each
Manager to provide the Services hereunder, and the obligations of the Company to pay Management Fees (except as provided in this Section 4(d)), shall be terminated, but all other provisions of this Agreement shall continue unaffected. For
purposes of this Agreement, “Requisite Managers” shall mean both Managers, unless any Change of Control or Initial Public Offering was approved (i) by the SLP Directors (as defined in the Sponsor Shareholders Agreement)
following a Director Deadlock (as defined in the Sponsor Shareholders Agreement) or (ii) by the Silver Lake Partners Investors following a Sponsor Deadlock (as defined in the Sponsor Shareholders Agreement), in which case SLMC shall be the only
Requisite Manager. 
 SECTION 5. Reimbursements. In addition to the fees payable pursuant to this Agreement, the Company will
pay, or cause to be paid, directly, or reimburse each Manager and each of its affiliates for, their respective Out-of-Pocket Expenses (as defined below). For the
purposes of this Agreement, the term “Out-of-Pocket Expenses” means the
out-of-pocket costs 

  
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and expenses incurred by each Manager and its affiliates, whether incurred on, prior to or after the date hereof, in connection with the Transactions and the Services or other services provided
by them under this Agreement (including prior to the Closing), or in order to make Securities and Exchange Commission and other legally required filings relating to the ownership, directly or indirectly, of equity securities of the Company, its
controlling persons or its subsidiaries by such Manager or its affiliates, or otherwise incurred by such Manager or its affiliates from time to time in the future in connection with the ownership or subsequent sale or transfer by such Manager or its
affiliates of capital stock of the Company, its controlling persons or its subsidiaries, including, without limitation, (a) fees and disbursements of any independent professionals and organizations, including independent accountants, outside
legal counsel or consultants, retained by such Manager or any of its affiliates, (b) costs of any outside services or independent contractors such as financial printers, couriers, business publications,
on-line financial services or similar services, retained or used by such Manager or any of its affiliates, and (c) transportation, per diem costs, word processing expenses or any similar expense not
associated with such Manager’s or its affiliates’ ordinary operations. All payments or reimbursements for Out-of-Pocket Expenses will be made by wire transfer
in same-day funds promptly upon or as soon as practicable following request for payment or reimbursement in accordance with this Agreement, to the bank account indicated to the Company by the relevant payee.

 SECTION 6. Indemnification. The Company will indemnify and hold harmless each Manager and its former, current and
future direct or indirect equityholders, controlling persons, stockholders, directors, officers, employees, agents, affiliates, members, managers, general or limited partners or assignees (each a “Related Party”) or any Related
Party of any Related Party (each such person being an “Indemnified Party”) from and against any and all actions, suits, investigations, losses, claims, damages, liabilities and expenses (including amounts paid in satisfaction of
judgments, in compromises and settlements, as fines and penalties and legal or other costs and reasonable expenses of investigating or defending against any claim or alleged claim), including in connection with seeking indemnification, whether joint
or several (the “Liabilities”), related to, arising out of or in connection with (a) the Transactions, the Services or other services contemplated by this Agreement or the engagement of the Managers pursuant to, and the
performance by the Managers of the Services or other services contemplated by, this Agreement, (b) such Manager’s or its respective affiliates’ ownership of Securities (as defined in the Sponsor Shareholders Agreement) or any other
securities of Parent or any of its subsidiaries or affiliates, or such Manager’s or its affiliates’ control or ability to influence Parent or any of its subsidiaries or affiliates (other than any such Liabilities to the extent such
Liabilities arise out of any breach of the Sponsor Shareholders Agreement by such Indemnified Party or its affiliates or the breach of any fiduciary or other duty or obligation of such Indemnified Party to its direct or indirect equity holders,
creditors or affiliates) or (c) the business, operations, properties, assets or other rights or liabilities of Parent or any of its subsidiaries, in each case, whether or not pending or threatened, whether or not an Indemnified Party is a
party, whether or not resulting in any liability and whether or not such action, claim, suit, investigation or proceeding is initiated or brought by Parent, the Company or any of their respective subsidiaries; provided that if and to the
extent that the foregoing undertaking may be unavailable or unenforceable for any reason, the Company hereby agrees to make the maximum contribution to the payment and satisfaction of each of the indemnified Liabilities which is permissible under

  
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applicable law. The Company will reimburse any Indemnified Party for all reasonable costs and expenses (including reasonable attorneys’ fees and expenses and any other litigation-related
expenses) as they are incurred in connection with investigating, preparing, pursuing, defending or assisting in the defense of any action, claim, suit, investigation or proceeding for which the Indemnified Party would be entitled to indemnification
under the terms of the previous sentence, or any action or proceeding arising therefrom, whether or not such Indemnified Party is a party thereto. The Company agrees that it will not, without the prior written consent of the Indemnified Party,
settle, compromise or consent to the entry of any judgment in any pending or threatened claim, action or proceeding relating to the matters contemplated hereby (if any Indemnified Party is a party thereto or has been threatened to be made a party
thereto) unless such settlement, compromise or consent includes an unconditional release of the Indemnified Party from all liability, without future obligation or prohibition on the part of the Indemnified Party, arising or that may arise out of
such claim, action or proceeding, and does not contain an admission of guilt or liability on the part of the Indemnified Party. The Company will not be liable under the foregoing indemnification provision with respect to any particular loss, claim,
damage, liability, cost or expense of an Indemnified Party that is determined by a court, in a final judgment from which no further appeal may be taken, to have resulted solely from the willful misconduct, bad faith or fraud of such Indemnified
Party. The attorneys’ fees and other expenses of an Indemnified Party shall be paid by the Company as they are incurred upon receipt, in each case, of an undertaking by or on behalf of the Indemnified Party to repay such amounts if it is
finally judicially determined that the Liabilities in question resulted solely from the willful misconduct, bad faith or fraud of such Indemnified Party. 

The Company acknowledges and agrees that the Company shall, and to the extent applicable shall cause the Controlled Entities (as defined
below) to, be fully and primarily responsible for the payment to the Indemnified Parties in respect of Liabilities in connection with any Jointly Indemnifiable Claims (as defined below), pursuant to and in accordance with (as applicable) the terms
of (i) the General Corporation Law of the State of Delaware, as amended, (ii) this Agreement, (iii) the memorandum of association and the articles of association of the Company, as amended, (iv) any other agreement between the
Company or any Controlled Entity and the Indemnified Parties pursuant to which the Indemnified Parties are indemnified, (v) the laws of the jurisdiction of incorporation or organization of any Controlled Entity and/or (vi) the memorandum
or association, articles of association, certificate of incorporation, certificate of organization, bylaws, partnership agreement, operating agreement, certificate of formation, certificate of limited partnership or other organizational or governing
documents of any Controlled Entity ((i) through (vi) collectively, the “Indemnification Sources”), irrespective of any right of recovery the Indemnified Parties may have from any corporation, limited liability company,
partnership, joint venture, trust, employee benefit plan or other enterprise (other than the Company, any Controlled Entity or the insurer under and pursuant to an insurance policy of the Company, or any Controlled Entity) from whom an Indemnified
Party may be entitled to indemnification with respect to which, in whole or in part, the Company or any Controlled Entity may also have an indemnification obligation (collectively, the “Indemnified Party-Related Entities”). Under no
circumstance shall the Company or any Controlled Entity be entitled to any right of subrogation or contribution by the Indemnified Party-Related Entities and no right of advancement or recovery the Indemnified Party may have from the Indemnified
Party-Related Entities shall reduce or otherwise alter the rights of the Indemnified Party or the obligations of 

  
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the Company or any Controlled Entity under the Indemnification Sources. In the event that any of the Indemnified Party-Related Entities shall make any payment to the Indemnified Party in respect
of indemnification with respect to any Jointly Indemnifiable Claim, (x) the Company shall, and to the extent applicable shall cause the Controlled Entities to, reimburse the Indemnified Party-Related Entity making such payment to the extent of
such payment promptly upon written demand from such Indemnified Party-Related Entity, (y) to the extent not previously and fully reimbursed by the Company and/or any Controlled Entity pursuant to clause (x), the Indemnified Party-Related Entity
making such payment shall be subrogated to the extent of the outstanding balance of such payment to all of the rights of recovery of the Indemnified Party against the Company and/or any Controlled Entity, as applicable, and (z) the Indemnified
Party shall execute all papers reasonably required and shall do all things that may be reasonably necessary to secure such rights, including the execution of such documents as may be necessary to enable the Indemnified Party-Related Entities
effectively to bring suit to enforce such rights. The Company shall cause each of the Controlled Entities to perform the terms and obligations of this paragraph as though each such Controlled Entity was a party to this Agreement. 

For purposes of this Agreement, the term (a) “Jointly Indemnifiable Claims” shall be broadly construed and shall include,
without limitation, any Liabilities for which the Indemnified Party shall be entitled to indemnification from both (1) the Company and/or any Controlled Entity pursuant to the Indemnification Sources, on the one hand, and (2) any
Indemnified Party-Related Entity pursuant to any other agreement between any Indemnified Party-Related Entity and the Indemnified Party pursuant to which the Indemnified Party is indemnified, the laws of the jurisdiction of incorporation or
organization of any Indemnified Party-Related Entity and/or the memorandum of association, articles of association, certificate of incorporation, certificate of organization, bylaws, partnership agreement, limited liability company or operating
agreement, certificate of formation, certificate of limited partnership or other organizational or governing documents of any Indemnified Party-Related Entity, on the other hand, and (b) the term “Controlled Entity” shall mean
any other corporation, limited liability company, partnership, joint venture, trust, employee benefit plan or other enterprise controlled by the Company. 

The rights of an Indemnified Party to indemnification hereunder will be in addition to any other rights and remedies any such person may have
under any other agreement or instrument to which each Indemnified Party is or becomes a party or is or otherwise becomes a beneficiary or under any law or regulation. 

SECTION 7. Accuracy of Information. The Company shall furnish or cause to be furnished to each of the Managers such
information as each of the Managers believes reasonably appropriate to render the Services and other services contemplated by this Agreement and to comply with the Securities and Exchange Commission or other legal requirements relating to the
beneficial ownership, directly or indirectly, by the Managers or their respective affiliates and their respective members, officers and employees of equity securities of the Company or any controlling person or subsidiary thereof (all such
information so furnished, the “Information”). The Company recognizes and confirms that the Managers (a) will use and rely primarily on the Information and on information available from generally recognized public sources in
performing the Services and other services contemplated by this Agreement without having independently verified the same, (b) do not assume responsibility for the accuracy or completeness of the Information and such other information and
(c) are entitled to rely upon the Information without independent verification. 

  
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 SECTION 8. Term. This Agreement will become effective as of the Effective
Time (as defined in the Merger Agreement) and (except as otherwise provided herein) will continue until the tenth anniversary of the Original Agreement Date (the “Term”); provided, however, that the Term of this
Agreement shall automatically be extended thereafter for successive one-year periods unless either the Company or both Managers deliver a written notice to the other of its desire to terminate this Agreement
at least 90 days prior to such ten-year anniversary or the expiration of any such one-year period thereafter. Notwithstanding anything to the contrary set forth herein,
(x) the expiration of the Term will not affect the obligations of the Company to pay, or cause to be paid, any amounts accrued but not yet paid as of the date of such expiration and (y) the provisions of Sections 4(c), 5,
6, 7, 8, 9 and 10 hereof will survive the expiration of the Term. The Management Fee will accrue and be payable with respect to the entire calendar year of the Company in which the Term expires. 

SECTION 9. Disclaimer, Release and Limitation of Liability. 

(a) Disclaimer; Standard of Care. Neither Manager nor any of their respective affiliates makes any representation or warranty, express
or implied, in respect of the Services to be provided hereunder. In no event shall a Manager or any Indemnified Party be liable to the Company or any of its affiliates for any act, alleged act, omission or alleged omission that does not constitute
willful misconduct, bad faith or fraud of such Manager as determined by a final, non-appealable determination of a court of competent jurisdiction. 

(b) Freedom to Pursue Opportunities. In recognition that each Manager and its affiliates currently have, and will in the future have or
will consider acquiring, investments in numerous companies with respect to which such Manager or its affiliates may serve as an advisor, a director or in some other capacity, in recognition that such Manager and its affiliates have myriad duties to
various investors and partners, in anticipation that the Company, on the one hand, and the Managers (or one or more of their respective affiliates, associated investment funds or portfolio companies), on the other hand, may engage in the same or
similar activities or lines of business and have an interest in the same areas of corporate opportunities, in recognition of the benefits to be derived by the Company hereunder, and in recognition of the difficulties which may confront any advisor
who desires and endeavors fully to satisfy such advisor’s duties in determining the full scope of such duties in any particular situation, the provisions of this Section 9(b) are set forth to regulate, define and guide the conduct of
certain affairs of the Company as they may involve the Managers. Except as a Manager may otherwise agree in writing after the date hereof: 

(i) Each Manager and its affiliates (including one or more associated investments funds or portfolio companies) shall have the
right: (A) to directly or indirectly engage in any business (including, without limitation, any business activities or lines of business that are the same as or similar to those pursued by, or competitive with, the Company and its
subsidiaries); (B) to directly or indirectly do business with any client 

  
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or customer of the Company and its subsidiaries; (C) to take any other action that such Manager believes in good faith is necessary or appropriate to fulfill its obligations as described in
the first sentence of this Section 9(b); and (D) not to present potential transactions, matters or business opportunities to the Company or any of its subsidiaries, and to pursue, directly or indirectly, any such opportunity for
themselves, and to direct any such opportunity to another person. 
 (ii) Each Manager and its affiliates shall have no duty
(contractual or otherwise) to communicate or present any corporate opportunities to the Company or any of its affiliates or to refrain from any actions specified in Section 9(b)(i) hereof, and the Company, on its own behalf and on behalf of
its affiliates, hereby irrevocably waives any right to require any Manager or any of their respective affiliates to act in a manner inconsistent with the provisions of this Section 9(b). 

(iii) Neither the Managers nor any of their respective affiliates shall be liable to the Company or any of its affiliates for
breach of any duty (contractual or otherwise) by reason of any activities or omissions of the types referred to in this Section 9(b) or of any such person’s participation therein, and none of such activities or omissions shall be
considered “willful misconduct” for purposes hereof. 
 (c) Release. The Company hereby irrevocably and unconditionally
releases and forever discharges each Manager and each other Indemnified Party from any and all liabilities, claims and causes of action related to or arising out of or in connection with the Transactions, the Services or other services contemplated
by this Agreement or the engagement of such Manager pursuant to, and the performance by such Manager of the Services or other services contemplated by, this Agreement or any of the activities or omissions contemplated by Section 9(b), in each
case, that the Company may have suffered or incurred, or may claim to have suffered or incurred, on or after the Original Agreement Date, except with respect to any act or omission that constitutes willful misconduct, bad faith or fraud of such
Manager or Indemnified Party as determined by a final, non-appealable determination of a court of competent jurisdiction. In no event shall a Manager or such Manager’s Indemnified Parties be liable for
any such willful misconduct, bad faith or fraud of the other Manager or such other Manager’s Indemnified Parties. 
 (d) Limitation
of Liability. In no event will any Manager or any Indemnified Party be liable to the Company or any of its affiliates (i) for any indirect, special, incidental or consequential damages, including, without limitation, lost profits or
savings, whether or not such damages are foreseeable, or for any third-party claims (whether based in contract, tort or otherwise), related to or arising out of or in connection with the Transactions, the Services or other services contemplated by
this Agreement or the engagement of such Manager pursuant to, and the performance by such Manager of the Services or other services contemplated by, this Agreement that the Company may have suffered or incurred, or may claim to have suffered or
incurred, on or after the Original Agreement Date, except with respect to any act or omission that constitutes willful misconduct, bad faith or fraud as determined by a final, non-appealable determination of a
court of competent jurisdiction or (ii) for an amount in the aggregate for any reason whatsoever in excess of the fees actually received by such Manager hereunder. 

  
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 (e) Several Not Joint Obligations. The obligations of each Manager under this Agreement
are several and not joint with the obligations of the other Manager, and no Manager shall be responsible in any way for the performance of the obligations of the other Manager under this Agreement. 

SECTION 10. Miscellaneous. 

(a) No amendment or waiver of any provision of this Agreement, or consent to any departure by any party hereto from any such provision, will be
effective unless it is in writing and signed by each of the parties hereto. Any amendment, waiver or consent will be effective only in the specific instance and for the specific purpose for which given. The waiver by any party of any breach of this
Agreement will not operate as or be construed to be a waiver by such party of any subsequent breach. 
 (b) Any notice, request, instruction
or other document to be given hereunder by any party to the others (except for notices specifically required to be delivered orally) shall be in writing and delivered personally or sent by facsimile or overnight courier: 

if to SLMC or SLMCS: 
 c/o
Silver Lake 
 2775 Sand Hill Road 

Menlo Park, California 94025 

Attention: Karen King 
 Facsimile:
(650) 233-8125 
 E-mail: Karen.King@silverlake.com 

with a copy (which copy shall not constitute notice) to: 

Simpson Thacher & Bartlett LLP 

2550 Hanover Street 
 Palo Alto,
California 94304 
 Attention: Peter Malloy 

Facsimile: (650) 251-5002 

E-mail: pmalloy@stblaw.com 

if to the Company: 
 SMART
Worldwide Holdings, Inc. 
 c/o SMART Modular Technologies, Inc. 

39870 Eureka Drive 
 Newark,
California 94560 
 Fax No.: 510-624-8231 

Attention: Bruce Goldberg 

  
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 or to such other Persons or addresses as may be designated in writing by the party to receive such notice as
provided above. Any notice, request, instruction or other document given as provided above shall be deemed given to the receiving party (i) upon actual receipt, if delivered personally; (ii) upon confirmation of successful transmission if
sent by facsimile (provided that if given by facsimile such notice, request, instruction or other document shall be followed up within one business day by dispatch pursuant to one of the other methods described herein); or (iii) at the end of
the next business day after deposit with an overnight courier, if sent by a nationally recognized overnight courier. 
 (c) This Agreement
constitutes the entire agreement among the parties with respect to the subject matter hereof, and supersedes all previous oral and written (and all contemporaneous oral) negotiations, commitments, agreements and understandings relating hereto. 

(d) This Agreement and all claims or causes of action (whether in tort, contract or otherwise) that may be based upon, arise out of or relate
to this Agreement or the negotiation, execution or performance of this Agreement (including any claim or cause of action based upon, arising out of or related to any representation or warranty made in or in connection with this Agreement) shall be
governed by and construed in accordance with the laws of the State of Delaware, regardless of the laws that might otherwise govern under applicable principles of conflicts of laws, except that Cayman Islands law shall apply in respect of any
mandatory provision of Cayman Islands corporate law. 
 (e) Each of the parties hereto hereby irrevocably acknowledges and consents that any
legal action or proceeding brought with respect to this Agreement or any of the obligations arising under or relating to this Agreement may only be brought in the courts of the State of Delaware or in the United States District Court for the
District of Delaware (collectively, the “Chosen Courts”), and each of the parties hereto hereby irrevocably submits to and accepts with regard to any such action or proceeding, for itself and in respect of its property, generally and
unconditionally, the exclusive jurisdiction of the Chosen Courts, as applicable. Each party hereby further irrevocably waives any claim that any Chosen Court lacks jurisdiction over such party, and agrees not to plead or claim, in any legal action
or proceeding with respect to this Agreement or the transactions contemplated hereby brought in the Chosen Courts, that any such court lacks jurisdiction over such party. 

(f) Each party irrevocably consents to the service of process in any legal action or proceeding brought with respect to this Agreement or any
of the obligations arising under or relating to this Agreement by the mailing of copies thereof by registered or certified mail, postage prepaid, to such party, at its address for notices as provided in Section 10(b) of this Agreement, such
service to become effective ten (10) days after such mailing. Each party hereby irrevocably waives any objection to such service of process and further irrevocably waives and agrees not to plead or claim in any action or proceeding commenced
hereunder or under any other documents contemplated hereby, that service of process was in any way invalid or ineffective. Subject to Section 10(g), the foregoing shall not limit the rights of any party to serve process in any other manner
permitted by applicable law. The foregoing consents to jurisdiction shall not constitute general consents to service of process in the State of Delaware for any purpose except as provided above and shall not be deemed to confer rights on any Person
other than the respective parties to this Agreement. 

  
 11 

 (g) Each of the parties hereto hereby waives any right it may have under the laws of any
jurisdiction to commence by publication any legal action or proceeding with respect to this Agreement or any of the obligations under or relating to this Agreement. To the fullest extent permitted by applicable law, each of the parties hereto hereby
irrevocably waives the objection which it may now or hereafter have to the laying of the venue of any suit, action or proceeding with respect to this Agreement or any of the obligations arising under or relating to this Agreement in any of the
Chosen Courts, and hereby further irrevocably waives and agrees not to plead or claim that any such Chosen Court is not a convenient forum for any such suit, action or proceeding, as applicable. 

(h) The parties hereto agree that any judgment obtained by any party hereto or its successors or assigns in any action, suit or proceeding
referred to above may, in the discretion of such party (or its successors or assigns), be enforced in any jurisdiction, to the extent permitted by applicable law. 

(i) EACH OF THE PARTIES HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY WITH RESPECT
TO ANY SUIT, ACTION OR PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. EACH OF THE PARTIES (I) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY
OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF ANY SUIT, ACTION OR PROCEEDING, SEEK TO ENFORCE THE FOREGOING WAIVER AND (II) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HAVE BEEN INDUCED TO
ENTER INTO THIS AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 10(I). 

(j) Neither this Agreement nor any of the rights or obligations hereunder may be assigned by the Company without the prior written consent of
both Managers; provided, however, that each Manager may assign or transfer its duties or interests hereunder to any of its affiliates (other than any portfolio companies affiliated with such Manager) at the sole discretion of such
Manager. Subject to the foregoing, the provisions of this Agreement will be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. Subject to the next sentence, no person or party other than the
parties hereto and their respective successors or permitted assigns is intended to be a beneficiary of this Agreement. The parties acknowledge and agree that (i) each of the Indemnified Party-Related Entities shall be third-party beneficiaries
with respect to Section 6 hereof and (ii) each of the Indemnified Parties shall be third-party beneficiaries with respect to Sections 6 and 9 hereof, in each case entitled to enforce such provisions as
though each such Indemnified Party-Related Entity or Indemnified Party, as applicable, were a party to this Agreement. 

  
 12 

 (k) This Agreement may be executed by one or more parties to this Agreement on any number of
separate counterparts (including by facsimile), and all of said counterparts taken together will be deemed to constitute one and the same instrument. 

(l) Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction will, as to such jurisdiction, be ineffective to
the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction will not invalidate or render unenforceable such provision in any other
jurisdiction. 
 (m) Each payment made by the Company pursuant to this Agreement shall be paid by wire transfer of immediately available
federal funds to such account or accounts as specified by the Managers to the Company prior to such payment. 
 [Signature page
follows] 

  
 13 

 IN WITNESS WHEREOF, the undersigned have executed, or have caused to be executed, this
Transaction and Management Fee Agreement as of the date first written above. 
  

			
	SILVER LAKE MANAGEMENT 
	COMPANY III, L.L.C.
		
	By:	 	 /s/ James A. Davidson

	Name: James A. Davidson
	Title:   Director
	
	SILVER LAKE MANAGEMENT 
	COMPANY SUMERU, L.L.C.
		
	By:	 	  

	Name: Paul Mercadante
	Title:   Director
	
	SMART WORLDWIDE HOLDINGS, INC.
		
	By:	 	  

	Name:
	Title:

 [Amended and Restated Transaction and Management Fee Agreement] 

 IN WITNESS WHEREOF, the undersigned have executed, or have caused to be executed, this
Transaction and Management Fee Agreement as of the date first written above. 
  

			
	SILVER LAKE MANAGEMENT 
	COMPANY III, L.L.C.
		
	By:	 	  

	Name: James A. Davidson
	Title:   Director
	
	SILVER LAKE MANAGEMENT 
	COMPANY SUMERU, L.L.C.
		 	
		
	By:	 	 /s/ Paul Mercadante

	Name: Paul Mercadante
	Title: Director
	
	SMART WORLDWIDE HOLDINGS, INC.
		
	By:	 	  

	Name:
	Title:

 [Amended and Restated Transaction and Management Fee Agreement] 

 IN WITNESS WHEREOF, the undersigned have executed, or have caused to be executed, this
Transaction and Management Fee Agreement as of the date first written above. 
  

			
	SILVER LAKE MANAGEMENT 
	COMPANY III, L.L.C.
		
	By:	 	  

	Name:
	Title:
	
	SILVER LAKE MANAGEMENT 
	COMPANY SUMERU, L.L.C.
		
	By:	 	  

	Name:
	Title:
	
	SMART WORLDWIDE HOLDINGS, INC.
		
	By:	 	 /s/ Iain MacKenzie

	Name: Iain MacKenzie
	Title:   President & CEO

 [Amended and Restated Transaction and Management Fee Agreement]Exhibit

Exhibit 10.7

BATS GLOBAL MARKETS, INC.
2016 OMNIBUS INCENTIVE PLAN

RESTRICTED STOCK AWARD
___________________, ____

Subject to the terms and conditions set forth in this grant letter (the “Grant Letter”) and Exhibits A and B (the Grant Letter and Exhibits A and B together constituting this “Agreement”), Bats Global Markets, Inc., a Delaware corporation (the “Company”), has granted you as of the Grant Date set forth below an award of Restricted Stock (the “Award”).  The Award is granted under and is subject to the Bats Global Markets, Inc. 2016 Omnibus Incentive Plan (the “Plan”).  Unless defined in this Agreement, capitalized terms shall have the meanings assigned to them in the Plan.  In the event of a conflict among the provisions of the Plan, this Agreement and any descriptive materials provided to you, the provisions of the Plan shall control.

AWARD TERMS

	
	
	PARTICIPANT:  

	GRANT DATE:  

	SHARES SUBJECT TO AWARD:  

	VESTING TERMS:    

Please review this Agreement and let us know if you have any questions about this Agreement, the Award or the Plan.  You are advised to consult with your own tax advisors in respect of any tax consequences arising in connection with this Award.

If you have questions please contact Thad Prososki, VP, Human Resources, via telephone at 913.815.7183, or via email at tprososki@bats.com.  If not, please sign and date this Agreement where indicated below. 

    

IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first written above. 
	
			
	BATS GLOBAL MARKETS, INC.

	By:
	 

	 
	Name:
	Chris Concannon

	 
	Title:
	CEO

	
			
	 
	 

	 
	Name
	 

 
                                 Date: 

    

EXHIBIT A
BATS GLOBAL MARKETS, INC. 
RESTRICTED STOCK AGREEMENT
THIS AGREEMENT, made and entered into on the date of the Grant Letter, by and between Bats Global Markets, Inc. (the “Company”), a Delaware corporation, and the individual listed in the Grant Letter as the Participant.
WHEREAS, the Participant has been granted the Award under the Plan;
NOW, THEREFORE, in consideration of the promises and mutual covenants contained herein, and for other good and valuable consideration, the parties hereto agree as follows.
1.Award of Shares.  Pursuant to the provisions of the Plan, the terms of which are incorporated herein by reference, the Participant is hereby awarded the number of Shares of Restricted Stock set forth in the Grant Letter, subject to the terms and conditions of the Plan and those herein set forth.  The Award is granted as of the date set forth in the Grant Letter.  
2.Terms and Conditions.  It is understood and agreed that the Award evidenced hereby is subject to the following terms and conditions:
(a)Vesting of Award.  The Award shall vest as set forth in the Grant Letter. Any adjustments to the Shares under Section 5(c) of the Plan shall be subject to the vesting schedule set forth herein and shall be paid to the Participant upon any vesting of the Award set forth hereunder in respect of which such dividends or other amounts are payable.  Notwithstanding the foregoing, all regular cash dividends (i.e., not extraordinary dividends or dividends paid in property other than cash) will not be subject to the vesting schedule set forth herein and will be paid on a current basis on the same terms applicable to other Company stockholders.
(b)Termination of Service; Forfeiture of Unvested Shares.  In the event of Termination of Service of the Participant prior to the date on which the Award otherwise becomes vested, the unvested portion of the Award shall immediately be forfeited by the Participant and become the property of the Company.  Notwithstanding the foregoing, in the event of the Participant’s Termination of Service other than by the Company for Cause, the Committee may, in its sole discretion, accelerate the vesting of the Award or waive any term or condition of this Agreement, subject to such terms and conditions as the Committee deems appropriate, with respect to all or a portion of the Award.
(c)Change of Control.  Notwithstanding any provision of this Agreement to the contrary, if, within twelve (12) months following a Change of Control, the Award (or a substitute award) remains outstanding and the Participant incurs a Termination of Service without Cause or for Good Reason, the Award shall become immediately vested in full and all restrictions shall lapse upon such Termination of Service. For purposes of this Agreement, “Good Reason” means “Good Reason” as defined in the Participant’s employment or similar agreement with the Company, if any, or if not so defined, the occurrence of any of the following events, in each case without the Participant’s consent: (i) a material reduction in the Participant’s base compensation or bonus opportunity, other than any such reduction that applies generally to similarly situated employees or executives of the Company, (ii) relocation of the geographic location of the Participant’s principal place of employment or service by more than 50 miles from the Participant’s current principal place of employment or service or (iii) a material reduction in the Participant’s title, duties, responsibilities or authority. 
                        

(d)Death; Disability. In the event of the Participant’s Termination of Service at any time due to the Participant’s death or Disability, the Award shall fully vest on the date of such Termination of Service. 
(e)Evidence of Award.  The Company shall record the Award on its books and records, in a manner generally consistent with its procedures for recording stock ownership, which may include book-entry registration or issuance of a stock certificate or certificates.  In the event that any stock certificate is issued in respect of the Award, such certificate shall be registered in the name of the Participant and shall bear an appropriate legend referring to the terms, conditions and restrictions applicable to such Award.  
(f)No Right to Continued Employment.  This Award shall not confer upon the Participant any right with respect to continuance of employment by the Company or any Subsidiary nor shall this Award interfere with the right of the Company or any Subsidiary to terminate the Participant’s employment at any time.
(g)No Right to Future Awards.  The Participant acknowledges that the Award is a one-time extraordinary award and does not constitute a promise of future grants.  The Company, in its sole discretion, maintains the right to make, or not to make, additional grants of Shares under the Plan.  
3.Transfer of Shares.  Any vested Shares delivered hereunder, or any interest therein, may be sold, assigned, pledged, hypothecated, encumbered, or transferred or disposed of in any other manner, in whole or in part, only in compliance with the terms, conditions and restrictions as set forth in the governing instruments of the Company, the provisions of this Agreement, applicable federal and state securities laws or any other applicable laws or regulations and the terms and conditions hereof.  
4.Tax Liability; Withholding Requirements.  
(a)The Participant shall be solely responsible for any applicable taxes (including, without limitation, income and excise taxes) and penalties, and any interest that accrues thereon, that the Participant incurs in connection with the receipt or vesting (or, as set forth below, the date of an election by the Participant under Section 83(b)) of any restricted stock granted hereunder.
(b)The Company may withhold any tax (or other governmental obligation) that becomes due with respect to the restricted stock and take such action as it deems appropriate to ensure that all applicable withholding, income or other taxes, which are the sole and absolute responsibility of Participant, are withheld or collected from Participant. The Participant shall make arrangements satisfactory to the Company to enable the Company to satisfy all such withholding requirements. Notwithstanding the foregoing, the Committee may, in its sole discretion, permit the Participant to satisfy any such withholding requirement by transferring to the Company pursuant to such procedures as the Committee may require, effective as of the date on which such requirement arises, a number of Shares or other benefits to which the Participant is otherwise entitled and designated by the Participant having an aggregate Fair Market Value as of such date that is equal to the minimum amount required to be withheld. If the Committee permits the Participant to satisfy any such withholding requirement pursuant to the preceding sentence, the Company shall remit to the Internal Revenue Service and appropriate state and local revenue agencies, for the credit of the Participant, an amount of cash withholding equal to the Fair Market Value of the Shares transferred to the Company as provided above.
5.Section 83(b) Election.  The Participant may elect to be taxed on the Grant Date with respect to Restricted Stock rather than when such restrictions lapse by filing an election under Section 83(b) of the Code in a form similar to that set forth in Exhibit B hereto with the Internal Revenue Service within thirty (30) days after the Grant Date.  
THE PARTICIPANT ACKNOWLEDGES THAT IT IS HIS OR HER SOLE RESPONSIBILITY, AND NOT THE COMPANY’S, TO FILE A TIMELY ELECTION UNDER SECTION 83(b), EVEN IF THE PARTICIPANT REQUESTS THE COMPANY OR ITS 

REPRESENTATIVES MAKE THIS FILING ON THE PARTICIPANT’S BEHALF.  THE PARTICIPANT IS RELYING SOLELY ON HIS OR HER OWN ADVISORS WITH RESPECT TO THE DECISION AS TO WHETHER OR NOT TO FILE ANY 83(b) ELECTION. 
6.Not Salary, Pensionable Earnings or Base Pay.  The Participant acknowledges that the Award shall not be included in or deemed to be a part of (a) salary, normal salary or other ordinary compensation, (b) any definition of pensionable or other earnings (however defined) for the purpose of calculating any benefits payable to or on behalf of the Participant under any pension, retirement, termination or dismissal indemnity, severance benefit, retirement indemnity or other benefit arrangement of the Company or any Affiliate or (c) any calculation of base pay or regular pay for any purpose.
7.Forfeiture Upon Breach of Certain Other Agreements.  The Participant’s breach of any noncompete, nondisclosure, nonsolicitation, assignment of inventions, or other intellectual property agreement that the Participant may be a party to with the Company or any Affiliate, in addition to whatever other equitable relief or monetary damages that the Company or any Affiliate may be entitled to, shall result in automatic rescission, forfeiture, cancellation, and return of any Shares (whether or not otherwise vested) held by the Participant.
8.Recoupment/Clawback.  This Award may be subject to recoupment or “clawback” as may be required by applicable law, stock exchange rules or by any applicable Company policy or arrangement, as it may be established or amended from time to time.
9.References.  References herein to rights and obligations of the Participant shall apply, where appropriate, to the Participant’s legal representative or estate without regard to whether specific reference to such legal representative or estate is contained in a particular provision of this Agreement.
10.Miscellaneous.
(a)Notices.  Any notice required or permitted to be given under this Agreement shall be in writing and shall be deemed to have been given when delivered personally or by courier, or sent by certified or registered mail, postage prepaid, return receipt requested, duly addressed to the party concerned at the address indicated below or to such changed address as such party may subsequently by similar process give notice of:
If to the Company:
Bats Global Markets, Inc.
8050 Marshall Drive, Suite 120
Lenexa, KS 66214
Attention: General Counsel
Facsimile: (913) 815-7119
If to the Participant:
At the Participant’s most recent address shown on the Company’s corporate records, or at any other address which the Participant may specify in a notice delivered to the Company in the manner set forth herein.
(b)Entire Agreement.  This Award Agreement, the Plan and any other agreements, schedules, exhibits and other documents referred to herein or therein constitute the entire agreement and understanding between the parties in respect of the subject matter hereof and supersede all prior and contemporaneous arrangements, agreements and understandings, both oral and written, whether in term sheets, presentations or otherwise, between the parties with respect to the subject matter hereof.

(c)Severability.  If any provision of this Award Agreement is or becomes or is deemed to be invalid, illegal or unenforceable in any jurisdiction, or would disqualify the Plan or this Award Agreement under any law deemed applicable by the Board, such provision shall be construed or deemed amended to conform to applicable laws, or if it cannot be so construed or deemed amended without, in the determination of the Board, materially altering the intent of this Award Agreement, such provision shall be stricken as to such jurisdiction, and the remainder of this Award Agreement shall remain in full force and effect.
(d)Amendment; Waiver.  No amendment or modification of any provision of this Award Agreement that has a material adverse effect on the Participant shall be effective unless signed in writing by or on behalf of the Company and the Participant, provided that the Company may amend or modify this Award Agreement without the Participant’s consent in accordance with the provisions of the Plan or as otherwise set forth in this Award Agreement.  No waiver of any breach or condition of this Award Agreement shall be deemed to be a waiver of any other or subsequent breach or condition, whether of like or different nature.  Any amendment or modification of or to any provision of this Award Agreement, or any waiver of any provision of this Award Agreement, shall be effective only in the specific instance and for the specific purpose for which made or given.
(e)Assignment.  Neither this Award Agreement nor any right, remedy, obligation or liability arising hereunder or by reason hereof shall be assignable by the Participant.
(f)Successors and Assigns; No Third-Party Beneficiaries.  This Award Agreement shall inure to the benefit of and be binding upon the Company and the Participant and their respective heirs, successors, legal representatives and permitted assigns.  Nothing in this Award Agreement, express or implied, is intended to confer on any Person other than the Company and the Participant, and their respective heirs, successors, legal representatives and permitted assigns, any rights, remedies, obligations or liabilities under or by reason of this Award Agreement.
(g)Governing Law; Waiver of Jury Trial. This Award Agreement shall be governed by the laws of the State of Delaware, without application of the conflicts of law principles thereof.  By acknowledging this Award Agreement electronically or signing it manually, as applicable, the Participant waives any right that the Participant may have to trial by jury in respect of any litigation based on, arising out of, under or in connection with this Award Agreement or the Plan.
(h)Participant Undertaking; Acceptance.  The Participant agrees to take whatever additional action and execute whatever additional documents the Company may deem necessary or advisable to carry out or give effect to any of the obligations or restrictions imposed on either the Participant or the Restricted Stock pursuant to this Award Agreement. The Participant acknowledges receipt of a copy of the Plan and this Award Agreement and understands that material definitions and provisions concerning the Restricted Stock and the Participant’s rights and obligations with respect thereto are set forth in the Plan.  The Participant has read carefully, and understands, the provisions of this Award Agreement and the Plan.
(i)Dispute Resolution. Except as provided in the last sentence of this paragraph to the fullest extent permitted by law, the Company and each Participant agree to waive their rights to seek remedies in court, including but not limited to rights to a trial by jury.  The Company and each Participant agree that any dispute between or among them and/or their affiliates arising out of, relating to or in connection with this Plan will be resolved in accordance with a confidential two-step dispute resolution procedure involving: (a) Step One: non-binding mediation, and (b) Step Two: binding arbitration under the Federal Arbitration Act, 9 U.S.C. § 1, et. seq., or state law, whichever is applicable.  Any such mediation or arbitration hereunder shall be under the auspices of the American Arbitration Association (“AAA”) pursuant to its then current AAA Commercial Arbitration Rules. No arbitration shall be initiated or take place with respect to a given dispute if the parties have successfully achieved a mutually agreed to resolution of the dispute as a result of the Step One mediation.  The mediation session(s) and, if necessary, the arbitration hearing shall be held in the city/location selected by the 

Company in its sole discretion.  The arbitration (if the dispute is not resolved by mediation) will be conducted by a single AAA arbitrator, selected by the Company in its sole discretion.  Any award rendered by the arbitrator, including with respect to responsibility for AAA charges (including the costs of the mediator and arbitrator), will be final and binding, and judgment may be entered on it in any court of competent jurisdiction.  In the unlikely event the AAA refuses to accept jurisdiction over a dispute, the Company and each Grantee agree to submit to JAMS mediation and arbitration applying the JAMS equivalent of the AAA Commercial Arbitration Rules.  If AAA and JAMS refuse to accept jurisdiction, the parties may litigate in a court of competent jurisdiction.
(j)    Counterparts.  This Agreement may be executed in two counterparts, each of which shall constitute one and the same instrument.
    

    

EXHIBIT B
Election to Include in Gross Income for Year of
Transfer of Property Pursuant to Section 83(b)
of the Internal Revenue Code
FILE ONE COPY WITH YOUR EMPLOYER AND ONE COPY WITH IRS OFFICE WHERE YOU FILE YOUR TAX RETURN WITHIN 30 DAYS OF DATE OF TRANSFER SHOWN IN ITEM 3 BELOW AND ATTACH ONE COPY TO YOUR TAX RETURN. THE FILING WITH THE IRS OFFICE SHOULD BE MADE BY REGISTERED OR CERTIFIED MAIL, RETURN RECEIPT REQUESTED.
The undersigned hereby makes an election pursuant to Section 83(b) of the Internal Revenue Code with respect to the property described below and supplies the following information in accordance with the regulations promulgated thereunder:
		
	1.
	The name, address and taxpayer identification number of the undersigned are:

	
	
	 

	Name

	 

	Address

	 

	Social Security Number

		
	2.
	Description of property with respect to which the election is being made:

______ Shares of Voting Common Stock of Bats Global Markets, Inc., subject to the restrictions set forth in paragraph 4 below (“Restricted Stock”).
		
	3.
	Date on which property was transferred is _________ __, 20___.

		
	4.
	Nature of restrictions to which property is subject:

The property is Restricted Stock acquired under the Bats Global Markets, Inc. 2016 Omnibus Incentive Plan which is not transferable and is subject to a substantial risk of forfeiture within the meaning of Section 83(c)(1) of the Internal Revenue Code upon a termination of employment occurring prior to _________ __, 20___.
5.    The fair market value at the time of transfer (determined without regard to any restrictions other than restrictions which by their terms will never lapse) of the property with respect to which this election is being made is $____.

6.    The amount paid by taxpayer for said property is $____.
7.    A copy of this statement has been furnished to:

	
			
	 
	 
	 

	Name of Employer
	 
	 

	 
	 
	 

	Dated: _________ __, 20___
	 
	 

	 
	 
	(Signature of Taxpayer)

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