Document:

EX-10.21

 Exhibit 10.21 
 NEO EMPLOYMENT AGREEMENT 
 THIS EMPLOYMENT
AGREEMENT is entered into as of the 5th day of July,
2012 (the “Effective Date”), by and between Broadview Networks Holdings, Inc. (the “Company”) and Kenneth Shulman, an individual (the “Executive”) (hereinafter collectively referred to as the
“parties”). 
 WHEREAS, the Company and Executive entered into an Employment Agreement on January 14,
2005, and they desire to restate the terms and conditions of their employment arrangement as of the Effective Date; and 

WHEREAS, in order to induce the Executive to continue as an employee of the Company, and to agree to the covenants regarding
confidential information, inventions and patents, non-competition, non-disparagement and such other matters as set forth in this Agreement, the Company has agreed to provide additional benefits as set forth herein; and 

WHEREAS, the Company and the Executive desire by this writing, and this writing alone, to set forth the terms as of the Effective
Date of the employment relationship of the Executive with the Company. 
 NOW, THEREFORE, in consideration of the
respective agreements of the parties contained herein, it is agreed as follows: 
 1. Term. The initial term of
employment under this Agreement shall be for the period commencing on the Effective Date, and ending on the first anniversary thereof; provided, however, that the term of this Agreement shall be extended for one (1) year at the
end of the initial term and on each anniversary thereafter unless the Company shall have given written notice to the Executive at least sixty (60) calendar days prior thereto that the term, of this Agreement shall not be so extended; and
provided, further, that if the Company provides such notice and does not extend the term of this Agreement following the expiration of the initial term or any renewal term, the Executive’s employment shall be terminated following
the expiration of such initial term or renewal term. 
 2. Employment. 

(a) The Executive shall be employed as the Chief Technology Officer and Chief Information Officer of the Company, subject to adjustments
in responsibilities as made by the CEO from time to time, without a change in compensation, and shall provide such services to the Company and its subsidiaries and affiliates as the Company may reasonably request. The Executive shall report to the
Chief Executive Officer of the Company (or to the person holding a position of similar authority in any successor organization) (“CEO”) or to an executive who reports to the CEO, except for specific reports required to be made
directly to the Board of Directors of the Company (the “Board”) in accordance with written policies and procedures adopted by the Board. The Executive agrees to perform faithfully, industriously, and to the best of the Executive’s
ability, experience, and talents, all of the duties, responsibilities and exercise the authority customarily performed, undertaken and exercised by an employee situated in a similar position and to the reasonable satisfaction of the CEO and the
Board. Subject to the following paragraph, such duties shall be provided at such places as the needs, business, or opportunities of the Company and its subsidiaries and affiliates may require from time to time. 

 (b) Excluding periods of personal leave days to which the Executive is entitled, the
Executive agrees to devote reasonable attention and substantially all time during usual business hours to the business and affairs of the Company to the extent necessary to discharge the responsibilities assigned to the Executive hereunder.

 (c) The Executive’s principal place of employment shall be in the New York metropolitan area, although the Executive
understands and agrees that he may be required to travel from time to time for business reasons. 
 3. Base Salary. The
Company agrees to pay or cause to be paid to the Executive during the initial term of this Agreement and any subsequent renewal terms, a base salary at the rate of not less than $270,000 per annum in the 2012 calendar year and, for each calendar
year thereafter, $270,000 per annum or such other equal or greater amount as the Board may from time to time determine (such amounts hereinafter referred to as the “Base Salary”). Such Base Salary shall be payable in accordance with the
Company’s customary practices applicable to its executives. 
 4. Annual Bonus. The Executive’s target bonus
shall be equal to forty percent (40%) of Executive’s Base Salary (“Target Bonus”), although the aforesaid percentage may be increased in any given year at the discretion of the Board or the Compensation Committee thereof. The
Executive’s annual bonus shall be determined by the Board or the Compensation Committee thereof, in accordance with the Annual Incentive Plan (“AIP”) as adopted or amended from time to time by the Company. The AIP minimum threshold,
the financial and individual metrics and associated weightings, and the range to Target Bonus for fiscal year 2012 are described on Exhibit A to this Agreement and incorporated herein by reference. It is the understanding and intention of the
Company and the Executive that, subject to the Company’s and Executive’s performance during each fiscal year and the approval of the Board or the Compensation Committee thereof, the Executive shall be eligible for an annual bonus in a
range of the Executive’s Target Bonus to be determined annually by the Board or the Compensation Committee thereof. 
 5.
Equity Incentive Benefits. Executive will participate in the Management Incentive Plan (“MIP”) as established or maintained by the Company from time to time in accordance with the MIP participation criteria as established by the
Company. 
 6. Transaction Bonus. The Executive will participate in the Transaction Bonus Plan described on Exhibit B to
this Agreement and incorporated herein by reference. For the avoidance of doubt, (i) the Executive’s rights under the Transaction Bonus Plan will not be affected by a termination of this Agreement and the Executive’s right to continue
participation in the Transaction Bonus Plan following a termination of this Agreement shall be governed by the terms of the Transaction Bonus Plan, (if) the Transaction Bonus Plan shall be terminated after the payment of bonuses thereunder and the
Executive shall have no right thereunder to an additional bonus upon the occurrence of a subsequent transaction. 

  
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 7. Employee Benefits. The Executive shall be entitled to participate in all employee
benefit plans, practices and programs maintained by the Company and made available to employees generally. The Executive’s participation in such plans, practices and programs shall be on the same basis and terms as are applicable to employees
of the Company generally. 
 8. Executive and Other Benefits. 

(a) Executive Benefits Generally. The Executive shall be entitled to participate in all executive benefit or incentive
compensation plans now maintained or hereafter established by the Company for the purpose of providing compensation and/or benefits to executives of the Company. Unless otherwise provided herein, the Executive’s participation in such plans
shall be on the same basis and terms as other similarly situated executives of the Company. No additional compensation provided under any of such plans shall be deemed to modify or otherwise affect the terms of this Agreement or any of the
Executive’s entitlements hereunder. 
 (b) D&O Insurance. During the term of this Agreement and for an
additional three years following the expiration of the term hereof (the “Coverage Period”), Executive shall be covered (for both liability and representation) at all times as an “Officer” or “Executive Officer” or the
equivalent thereof (“D&O Coverage”) under the Company’s directors and officers insurance policy in effect on the Effective Date and any subsequent renewals, extensions or replacements thereof (the “Existing Policy”).
Executive acknowledges that the terms of the D&O Coverage might change during the Coverage Period, provided such changed coverage is not materially different than the coverage in effect on the Effective Date. 

(c) Reimbursement and In-Kind Benefits. To the extent this Agreement provides for reimbursements of expenses incurred by Executive
or in-kind benefits the provision of which are not exempt from the requirements of Section 409A of the Internal Revenue Code, the following terms apply with respect to such reimbursements or benefits: (1) the reimbursement of expenses or
provision of in-kind benefits will be made or provided only during the period of time in which Executive is employed by the Company or during the shorter period of time specifically provided herein; (2) the amount of expenses eligible for
reimbursement, or in-kind benefits provided, during a taxable year will not affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other taxable year; (3) all reimbursements will be made on or before the last
day of Executive’s taxable year immediately following the taxable year in which the expense was incurred; and (4) the right to the reimbursement or the in-kind benefit will not be subject to liquidation or exchange for another benefit.

 9. Expenses. The Executive shall be entitled to receive reimbursement of all reasonably-incurred normal and customary
expenses in connection with the performance of his duties hereunder or for promoting, pursuing or otherwise furthering the business or interests of the Company, provided, that, such expenses are in accordance with the Company’s policies and
procedures. 
 10. Personal Leave Days. The Executive shall be entitled to not less than four (4) weeks of personal
leave per year or such other amount in accordance with the Company’s leave policies, at such reasonable times as the CEO shall in his discretion permit. 

  
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 11. Termination. The Executive’s employment hereunder may be terminated under
the following circumstances: 
 (a) Disability. The Company may terminate the Executive’s employment after having
established the Executive’s Disability. For purposes of this Agreement, “Disability” means a physical or mental infirmity which impairs the Executive’s ability to substantially perform his duties under this Agreement and which
continues for a total of at least ninety (90) calendar days (exclusive of personal leave days) in a one-hundred eighty (180) day period. The Executive shall be entitled to the compensation and benefits provided for under this Agreement for
any period during the term of this Agreement during which the Executive is unable to work due to a physical or mental infirmity until the establishment of the Executive’s Disability pursuant to this subsection. 

(b) Cause. The Company, acting by its Board of Directors, may terminate the Executive’s employment for “Cause.” A
termination for Cause shall mean discharge by the Company by reason of the following: (i) the Executive’s conviction of, or a plea of nolo contendere to, any act which constitutes a felony offense under applicable law in connection
with the performance of the Executive’s obligations on behalf of the Company or which affects the Executive’s ability to perform the Executive’s obligations as an employee of the Company or under this Agreement or any non-competition
agreement, confidentiality agreement or like agreement or covenant between the Executive and the Company or which materially and adversely affects the reputation and business activities of the Company; (ii) the Executive’s willful misconduct in
connection with the performance of the Executive’s duties and responsibilities as an employee of the Company; (iii) the Executive’s commission of an act of embezzlement, fraud or dishonesty which results in a loss, damage or injury to
the Company; (iv) the Executive’s substantial and continuing gross negligence in the performance of the Executive’s duties as an employee of the Company; (v) the Executive’s knowing unauthorized use or unauthorized
disclosure of any trade secret or confidential information of the Company which adversely affects the business of the Company; provided, that any disclosure of any trade secret or confidential information of the Company to a third party in the
ordinary course of business who signs a confidentiality agreement shall not be deemed a breach of this subsection; (vi) substance or alcohol abuse for which the Executive fails to undertake and maintain treatment within five (5) calendar
days after requested in writing by the Company; or (vii) the Executive’s continuing material failure or refusal to perform the Executive’s duties in accordance with the terms of this Agreement. Notwithstanding anything herein
to the contrary, the Executive’s resignation promptly following an action by the Company that results in a constructive termination or discharge of the Executive’s employment with the Company shall constitute a termination by the Company
without Cause for purposes of this Agreement. 
 (c) Without Cause. The Company may terminate the Executive’s
employment at any time for any reason other than Cause or for no reason. 
 (d) Good Reason. The Executive may terminate
his employment by written notice by the Executive to the Company of a termination for Good Reason. “Good Reason” shall mean the occurrence of any of the following events, within twelve (12) months after a Change-in-Control (as defined
below), without the express written consent of the Executive, unless such 

  
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 events are fully corrected in all material respects by the Company within thirty (30) calendar days
following written notification by the Executive to the Company that the Executive intends to terminate his employment hereunder for one of the reasons set forth below, provided that the Executive provides such notice to the Company within sixty
(60) calendar days after the first occurrence of the events described below: 
 (i) any material reduction
or diminution (except temporarily during any period of physical or mental incapacity) in the Executive’s authorities, duties or responsibilities or reporting requirements with the Company; 

(ii) a material breach by the Company of any provisions of this Agreement, including, but not limited to, any reduction in
any part of the Executive’s Base Salary or a reduction of the annual bonus paid to the Executive to at least 25% below the .minimum target described in Section 4 in each of two consecutive years unless such reduction was on the basis of a
material under performance by the Company or the Executive that is described to the Executive in writing; 

(iii) the failure of any successor to the Company to assume and agree to perform this Agreement; or 

(iv) the Executive is required to relocate to a principal place of employment other than the city in which the
headquarters of the Company was located prior to a Change-in-Control without the Executive’s consent. 
 (e) Notice of
Termination. Any purported termination by the Company or by the Executive shall be communicated by a written Notice of Termination to the other party. For purposes of this Agreement, a “Notice of Termination” shall mean a notice which
indicates the specific termination provision in this Agreement relied upon and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive’s employment under the provision so
indicated. For purposes of this Agreement, no such purported termination of employment shall be effective without such Notice of Termination. 
 (f) Termination Date, Etc. “Termination Date” shall mean in the case of the Executive’s death, his date of death, or in all other cases, the date specified in the Notice of
Termination subject to the following: 
 (i) If the Executive’s employment is terminated by the Company for
Cause or without Cause or due to Disability, the date specified in the Notice of Termination given to the Executive; and 
 (ii) If the Executive’s employment is terminated by the Executive, the date specified in the Notice of Termination shall not be less than sixty (60) calendar days nor more than seventy-five
(75) calendar days from the date the Notice of Termination is given to the Company. 
 (g) Change-in-Control. A
Change-in-Control shall mean any of the following: 

  
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 (i) the dissolution or liquidation of the Company; 

(ii) a merger, consolidation, reorganization or similar transaction involving the Company (A) in which the Company is
not the surviving corporation(s) or other surviving entity(ies) or (B) which results in the Company becoming the wholly-owned subsidiary of another corporation(s) or other entity(ies) (any transaction of the type specified in this clause
(B) a “Parent Transaction”), unless the existing stockholders of the Company beneficially own (within the meaning of Rule 13d-3 promulgated under the Securities Exchange Act of 1934 as amended (the “Exchange Act”)) in the
aggregate immediately following the consummation of such transaction more than 50% of the combined voting power of all classes of outstanding voting securities of the successor(s) to the Company (in the case of a transaction referred to in clause
(B) above) or of the corporation(s) or other entity(ies) whose voting securities are issued to the existing stockholders in such transaction (in the case of a transaction referred to in clause (A) or (B) above); 

(iii) a sale of all or substantially all of the assets of the Company to another corporation(s) or other entity(ies) as
determined in accordance with the applicable law of the State of Delaware; 
 (iv) any other transaction
(including a merger, consolidation, reorganization or similar transaction) that results in any corporation(s) or other entity(ies) beneficially owning (within the meaning of Rule 13d-3 promulgated under the Exchange Act) immediately following the
consummation of such transaction more than 50% of the combined voting power of all classes of outstanding voting securities of (A) the corporation(s) (including, to the extent applicable, the Company, or other entity whose voting securities are
issued to the existing stockholders of the Company in such transaction or (B) if no such issuance is made in such transaction, the Company, provided, however, that Change-in-Control shall not mean any transaction in which the existing
stockholders of the Company prior to the transaction are the same as the stockholders of the Company after the transaction, notwithstanding that the existing stockholders’ relative ownership percentages have changed; or 

(v) the Board members then serving on the Effective Date (“Incumbent Board Members”) ceasing for any reason to
constitute (A) at any time prior to the consummation of a Parent Transaction, a majority of the Board or a majority of the board of directors, board of managers or other governing body of any successor to the Company or (B) at any time
following the consummation of a Parent Transaction, a majority of the board of directors, board of managers or other governing body of the corporation or other entity whose voting securities are issued to the existing stockholders of the Company in
such transaction; provided, however, that any individual becoming a member of the Board or of such board of directors, board of managers or other governing body, as the case may be, subsequent to the Effective Date whose appointment or
nomination for election was approved by a vote of at least a majority of the Incumbent Board Members shall be deemed to be an Incumbent Board Member for purposes of this clause (v), but excluding, for such purposes, any such individual whose initial
assumption of office occurs as a result 

  
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of an actual or threatened election contest with respect to the election or removal of directors (or managers or other members of any such governing body) or other actual or threatened
solicitation of proxies or consents by or on behalf of someone other than the Board or such board of directors, board of managers or other governing body, as the case may be. 
 Notwithstanding anything herein to the contrary, following the occurrence of a Change-in-Control, the determination of whether or not subsequent Change-in-Control has occurred will be made by replacing
(i) references to “Effective Date” in the definition thereof with references to the date of the immediately prior Change-in-Control, and (ii) references to existing stockholders (or any variation thereof) with references to the
stockholders immediately following the preceding Change-in-Control. For the avoidance of doubt, more than one Change-in-Control may occur for purposes of this Agreement. 
 12. Compensation Upon Termination. Upon termination of the Executive’s employment during the term of this Agreement, the Executive shall be entitled to the following benefits: 

(a) If the Executive’s employment is terminated by the Company for Cause or by the Executive other than for Good Reason, the Company
shall pay the Executive all amounts earned or accrued hereunder through the Termination Date but not paid as of the Termination Date, including (i) Base Salary, (ii) reimbursement for any and all monies advanced or expenses incurred in
connection with the Executive’s employment for reasonable and necessary expenses incurred by the Executive on behalf of the Company for the period ending on the Termination Date, (iii) vacation pay, and (iv) any previous
compensation which the Executive has previously deferred (including any interest earned or credited thereon) (collectively, “Accrued Compensation”). The Executive’s entitlement to any other compensation or benefits shall be determined
in accordance with the Company’s employee benefit plans and other applicable programs and practices then in effect. 
 (b)
If the Executive’s employment shall be terminated by the Company without Cause, or by the Executive for Good Reason, or if the Company fails to extend the Agreement following the expiration of the initial term or any subsequent renewal term,
then the Executive shall be entitled to the benefits provided below: 
 (i) the Company shall pay the Executive
all Accrued Compensation; 
 (ii) provided that the Executive shall have executed, in the form of Exhibit C to
this Agreement, a general release of, and waiver of claims against, the Company and its subsidiaries, affiliates, directors, officers, employees and agents, excluding claims for contribution, indemnity, continuation to coverage under directors and
officers liability insurance and the like, and that such release is effective, then in lieu of any further salary or benefits for periods subsequent to the Termination Date, the Company shall pay the Executive as severance pay and provide the
benefits as follows: 

  
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 (A) an amount in cash equal to 150% of the highest annualized Base Salary
paid to Executive at any time during the one-year period immediately preceding the Termination Date; 
 (B) any
unpaid bonuses or incentive compensation related to the prior fiscal year; 
 (C) an amount equal to 150% of the
Target Bonus for the fiscal year in which the Executive’s employment is terminated; 
 (D) any unvested
equity incentive benefits issued or granted to the Executive pursuant to Section 5 shall immediately vest in full as of the Termination Date; and 
 (E) a pro-rated Target Bonus for the current fiscal year based upon the length of service during such fiscal year; and 

(F) continued participation in all employee benefit plans, practices and programs maintained by the Company to the same
extent and in the same manner as, and at the same cost to Executive as that borne by him, prior to the Termination Date, for a period of eighteen (18) months following the Termination Date; provided that if Executive is not eligible following
the Termination Date to participate in the Company’s group health or dental plans, then the Company may fulfill its obligation under this subsection by reimbursing Executive for the additional costs to Executive of continuing such coverage
under COBRA during the period of time that the Executive is entitled to continue such coverage under COBRA, not to exceed eighteen (18) months following the Termination Date (including any amounts necessary to cover taxes for such
reimbursement). 
 (c) If the Executive’s employment shall be terminated by death of the Executive or by the Company for
Disability, then the Executive or Executive’s estate shall be entitled to the benefits provided below: 

(i) the Company shall pay the Executive all Accrued Compensation; 

(ii) provided that the Executive or Executive’s estate, as applicable, shall have executed, in the form of Exhibit C
to this Agreement, a general release of, and waiver of claims against, the Company and its subsidiaries, affiliates, directors, officers, employees and agents, excluding claims for contribution, indemnity, continuation to coverage under directors
and officers liability insurance and the like, and that such release is effective, then in lieu of any further salary or benefits for periods subsequent to the Termination Date, the Company shall pay the Executive as severance pay and provide the
benefits as follows: 
 (A) Any unpaid bonuses or incentive compensation related to the prior fiscal year; and

  
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 (B) A pro-rated Target Bonus for the current fiscal year based upon the
length of service during such fiscal year. 
 (d) The amounts provided for in Sections 12(a), 12(b)(i), 12(b)(ii)(A)-(C),
12(c)(i) and 12(c)(ii) shall be paid within fifteen (15) business days after the Termination Date, or such sooner date as required by applicable law. 
 (e) The Executive shall not be required to mitigate the amount of any payment provided for in this Agreement by seeking other employment or otherwise and no such payment shall be offset or reduced by the
amount of any compensation or benefits provided to the Executive in any subsequent employment. 
 13. Employee Covenants.

 (a) Confidential Information. 
 (i) The Executive hereby recognizes and acknowledges that, in and as a result of the provision of services to the Company, lie will receive, and previously has received, confidential and proprietary
information of and regarding the Company, its business activities and the business activities of the Company’s subsidiaries and affiliates. Accordingly, as a material inducement for the Company to enter into this Agreement and in consideration
of Executive’s retention and the payment to the Executive of the compensation and benefits herein, the Executive hereby agrees to hold in strictest confidence and not to use for his own benefit or that of any third party or to intentionally or
negligently publish or disclose, directly or indirectly, in a manner which could be harmful to the Company or its subsidiaries and affiliates, any Confidential Information. For purposes of this Agreement, intending that the term shall be broadly
construed to include anything that may be protected as a trade secret under applicable law, “Confidential Information” shall mean all information, whether communicated in writing, electronically, orally or otherwise, and all documents and
other tangible materials which record information, relating to the operation, financial status, business, product development, marketing/promotional activities, contractual relationships with customers and suppliers, relationships with directors,
officers and employees, or internal policies and procedures of the Company, which has been or is from time to time created or learned by, disclosed to or known by the Executive as a consequence of his service to the Company, whether or not pursuant
to this Agreement. 
 (ii) The restrictions on disclosure by the Executive of Confidential Information shall not
apply to (A) information which at the time of disclosure was generally available to the public; (B) information which is published or otherwise becomes available to the public through means other than an act or omission of the Executive;
or (C) information which was previously known to the Executive free of any obligation to keep it confidential. Notwithstanding anything to the contrary herein, Executive may disclose Confidential Information (x) if required to do so by
law, or (y) if ordered to do so by a court or other governmental authority of competent jurisdiction; provided, however, that the Executive shall, unless prohibited from so doing, provide the Company prior written notice of any such mandated
disclosure and afford the Company an opportunity to contest the disclosure and to itself limit the extent of the disclosure to the maximum extent practicable. 

  
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 (iii) Confidential Information disclosed to the Executive is and shall
remain the property of the Company. By disclosing Confidential Information to the Executive, the Company does not relinquish any of its proprietary rights and interests therein and hereby specifically reserve all such proprietary rights and
interests to said Confidential Information. The Executive shall return, or, subject to applicable law, at the sole discretion of the Company, destroy, all Confidential Information and all copies thereof, including, without limitation, written and
electronic copies, as well as all summaries, notes, memoranda, plans, records, reports, computer tapes, printouts and software or other documents, materials or things containing Confidential Information, to the Company upon the termination of this
Agreement or promptly upon the written request of the Company for any reason and at any other time. 
 (b) Inventions and
Patents. The Executive acknowledges that all inventions, innovations, improvements, developments, methods, designs, analyses, drawings, reports and all similar or related information (whether patentable or not) which relate to the actual or
anticipated business, research and development or existing or future products or services of the Company and its subsidiaries and affiliates and which are conceived, developed or made by him solely or jointly with others during the term of the
Agreement (“Work Product”) belong to the Company. The Executive shall promptly disclose such Work Product to the Board and perform all actions reasonably requested by the Board (whether during or after the term of the Agreement) to
establish and confirm such ownership (including, without limitation, assignments, powers of attorney and other instruments) without additional compensation to the Executive. 
 (c) Non-Competition. 
 (i) In consideration of the
compensation to be paid to the Executive hereunder, the Executive agrees that during the period beginning on the Effective Date and ending eighteen (18) months following the Termination Date: 

(A) the Executive shall not, whether individually or in his capacity as a director, officer, manager, member, partner,
shareholder, employee, consultant, agent or representative of or to a person or entity engage directly or indirectly in any business engaged in the provision of the telecommunications services or other services provided by the Company or any of
their subsidiaries and downstream affiliates as of the Effective Date or at any time during the term of the Agreement in any state in which the Company or any of its subsidiaries and downstream affiliates provided such services to the extent such
services in each such state accounted for greater than five percent (5%) of the Company’s revenues; provided, however, that (x) ownership of less than one percent (1%) of the outstanding stock of any publicly-traded corporation
shall not be deemed to violate this subsection, or (y) the Executive may apply for, and the Company will make a good faith determination on whether to grant, a waiver of this subsection; and 

  
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 (B) the Executive shall not (1) whether individually or in his
capacity as a director, officer, manager, member, partner, shareholder, employee, consultant, agent or representative of or to a person or entity, solicit or otherwise endeavor to entice away, any person or entity who, during the term of the
Agreement and at any time during the six (6) months prior to the termination of the Executive’s services hereunder, is or was an officer, employee, sales agent, consultant, customer or supplier of the Company or its subsidiaries and
affiliates, or (2) either directly or indirectly, alone or in conjunction with another party, interfere with or harm, or attempt to interfere with or harm, the relationship of the Company or its subsidiaries and affiliates (including the
termination of such relationship or causing the purchase of services from a competitor) with any person or entity who, during the term of the Agreement, and at any time during the six (6) months prior to the termination of the Executive’s
services hereunder, is or was a current employee, sales agent, consultant, customer or supplier of the Company or its subsidiaries and affiliates or otherwise had a business relationship with the Company or its subsidiaries and affiliates other than
the Executive’s secretary/administrative assistant. 
 (ii) If at any time the Executive or his subsequent
employer successfully challenges the enforceability of the provisions of Sections 13(c)(i) or I3(c)(ii), then (A) all references to eighteen (18) months in section 13(c) shall instead be references to the time period that such non-compete
and non-solicitation restrictions actually remain in effect, and (B) the amount of Base Salary and bonus amount that the Executive may receive as severance under Section 12(b)(ii) shall automatically be reduced proportionately. 

(d) Nondisparagement; Cooperation. The Executive shall not, at any time during his employment with the Company or thereafter, make
any public or private statement to the news media, to any Company competitor or client, or to any other individual or entity, if such statement would disparage any of the Company, any of their respective businesses or any director or officer of any
of them or such businesses or would have a deleterious effect upon the interests of any of such businesses or the stockholders or other owners of any of them; provided, however, that the Executive shall not be in breach of this
restriction if such statements consist solely of private statements made to any officers, directors or employees of the Company by the Executive in the course of carrying out his duties pursuant to this Agreement or, to the extent applicable, his
duties as a director or officer; and provided further that nothing contained in this Section 13(d) or in any other provision of this Agreement shall preclude the Executive from making any statement in good faith that is required by law,
regulation or order of any court or regulatory commission, department or agency. 
 (e) The parties hereto agree that the
Company would suffer irreparable harm from a breach by the Executive of any of the covenants or agreements contained herein and that money damages would not be an adequate remedy for any such breach. In the event of a breach or threatened breach by
the Executive of any of the provisions of this Section 13, the Company or its successors or assigns, in addition to all other rights and remedies existing in its favor, shall be entitled to specific performance and/or injunctive or other
equitable relief from any court of competent jurisdiction in order to enforce or prevent any violations of the provisions hereof 

  
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without posting any bond or other security. Notwithstanding the foregoing, a grant of equitable relief in favor of the Company pursuant to this Section 13(e) shall not be determinative of
any claims made by the Executive for money damages with respect to services rendered by the Executive under this Agreement. 

(f) The Executive recognizes, acknowledges and agrees that the terms and conditions of this Section 13 are reasonable and properly
required for the adequate protection of the Company’s business, and do not preclude the Executive from pursuing the Executive’s livelihood. 
 (g) If, at the time of enforcement of any of the provisions of this Section 13, a court holds that the restrictions stated therein are unreasonable under the circumstances then existing, the parties
hereto agree that the maximum period, scope or geographical area reasonable under such circumstances shall be substituted for the stated period, scope or area. 
 (h) The Executive agrees that the covenants made in Section 13 shall each be construed as an agreement independent of any other provision of this Agreement and each shall survive any order of a court
of competent jurisdiction terminating any other provision of this Agreement. 

  
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 14. Indemnification. Effective as of the Execution Date, the Company shall indemnify
the Executive to the fullest extent authorized or permitted by applicable law, as now or hereafter in effect, with respect to any and all acts taken or omitted to be taken by the Executive on behalf or for the benefit of the Company or otherwise in
connection with the Executive’s entering into and performance of this Agreement, the Executive’s employment by the Company and/or performance of his duties as provided in Section 2. The right to indemnification under this
Section 14 shall continue as to the Executive even after he has ceased to be an officer of the Company with respect to acts and omissions during the term of this Agreement and shall inure to the benefit of his heirs, executors and legal
representatives; provided, however, that, except for proceedings to enforce rights to indemnification, the Company shall not be obligated to indemnify the Executive (or his heirs, executors or legal representatives) in connection with a proceeding
(or part thereof) initiated by such person unless such proceeding (or part thereof) was authorized or consented to by the Board of Directors. The right to indemnification conferred upon the Executive by this Section 14 shall include the right
to be paid by the Company the expenses incurred in defending or otherwise participating in any proceeding in advance of its final disposition upon receipt by the Company of an undertaking by or on behalf of the Executive to repay the amount advanced
if it shall ultimately be determined that the Executive is not entitled to be indemnified by the Company under this Section 14. The right to indemnification and to the advancement of expenses conferred in this Section 14 shall not be
exclusive of any other right that the Executive may have or hereafter acquire under the Certificate of Incorporation of the Company (as amended from time to time), the Bylaws of the Company (as amended from time to time), any statute, agreement,
vote of shareholders or disinterested directors or otherwise. Notwithstanding anything to the contrary stated in the foregoing, the Company may not deny or eliminate any rights to indemnification or advancement of expenses held by Executive in this
Agreement or otherwise by the adoption of an amendment to the Bylaws or Certificate of Incorporation for the Company after the Effective Date. 
 15. Future Applicability of Section 409A. Anything in this Agreement to the contrary notwithstanding, if (i) on the Termination Date, any capital stock of the Company or any successor thereto
is publicly traded on an established securities market or otherwise (within the meaning of Section 409A(a)(2)(B)(i) of the Code), (ii) you are determined to be a “specified employee” within the meaning of
Section 409A(a)(2)(B) of the Code, (iii) the payments exceed the amounts permitted to be paid pursuant to Treasury Regulations section l.409A-l(b)(9)(iii) and (iv) such delay is required to avoid the imposition of the tax set forth in
Section 409A(a)(l) of the Code, as a result of the termination of your employment, you would receive any payment that, absent the application of this Section 15, would be subject to interest and additional tax imposed pursuant to
Section 409A(a) of the Code as a result of the application of Section 409A(2)(B)(i) of the Code, then no such payment shall be payable prior to the date that is the earliest of (i) six months after the Termination Date, (ii) the
date of your death or (iii) such other date as shall cause such payment not to be subject to such interest and additional tax (with a catch-up payment equal to the sum of all amounts that have been delayed to be made as of the date of the initial
payment). With respect to payments under this Agreement, for purposes of Section 409A of the Code, each severance payment and COBRA continuation reimbursement payment shall be considered one of

  
 -13-

 
a series of separate payments. Any amount for which you are entitled to be reimbursed by the Company shall be reimbursed to you as promptly as reasonably practicable and in any event not later
than the last day of the calendar year in which the reimbursable expenses are incurred, and the amount of such expenses eligible for reimbursement during any calendar year shall not affect the amount of expenses eligible for reimbursement in any
other calendar year. It is the intention of the parties that payments or benefits payable under this Agreement not be subject to the additional tax imposed pursuant to Section 409A of the Code. To the extent such potential payments or benefits could
become subject to Section 409A of the Code, the parties shall cooperate to amend this Agreement with the goal of giving you the economic benefits provided for herein in a manner that does not result in such tax being imposed. A termination of
employment under this Agreement shall be deemed to occur only in circumstances that would constitute a termination of employment for purposes of Treasury Regulations section 1.409A-l(h)(l)(ii). 

16. Entire Agreement. No agreement or representations, oral or otherwise, express or implied, with respect to the subject matter
hereof have been made by either party which are not expressly set forth in this Agreement. This Agreement contains the complete agreement between the parties hereto and supersedes any prior understandings, agreements or representations by or between
the parties, written or oral, which may have related to the subject matter hereof in any way. In addition, any agreement relating to employment of Executive by the Company, other than an incentive compensation arrangement and any awards previously
made thereunder, is hereby rescinded and as of the Effective Date, together with any benefits payable thereunder, shall be null and void. 
 17. Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the Company and their affiliates, successors and assigns and shall be binding upon and inure to the
benefit of the Executive and his legal representatives and assigns; provided that in no event shall the Executive’s obligations to perform future services for the Company be delegated or transferred by the Executive without the prior written
consent of the Company (which consent may be withheld in their sole discretion). It is not the intent of the parties that there be any third party beneficiaries of this Agreement, except as expressly provided in this Agreement. In connection with a
merger, consolidation or transfer or sale of all or substantially all of the assets of the Company, the Company may assign or transfer its rights hereunder to any of its affiliates or to a successor entity. 

18. Amendment and Waiver. Any provision of this Agreement may be amended, waived or terminated only in writing and signed by the
Company and the Executive. No waiver of any provision hereunder or any breach or default thereof shall extend to or affect in any way any other provision or prior or subsequent breach or default. No course of dealing between the parties shall be
deemed to affect or to modify, amend or discharge any provision or term of this Agreement. No delay on the part of the Company or the Executive in the exercise of any of their respective rights or remedies shall operate as a waiver thereof, and no
single or partial exercise by the Company or the Executive of any such right or remedy shall preclude other or further exercises thereof. A waiver of right or remedy on any one occasion, or with regard to one provision, shall not be construed as a
bar to, or waiver of, any such right or remedy on any other occasion or with regard to any other provision. 

  
 -14-

 19. Governing Law; Jurisdiction; Venue. All matters relating to the interpretation,
construction, validity and enforcement of this Agreement shall be governed by and construed in accordance with the domestic laws of the State of New York without giving effect to any choice or conflict of law provision or rule (whether of the State
of New York or any other jurisdiction) that would cause the application of laws of any jurisdiction other than the State of New York. Except as otherwise specifically provided herein, the Executive and the Company each hereby irrevocably submits to
the exclusive jurisdiction of the United States District Court for the Southern District of New York (or, if subject matter jurisdiction in that court is not available, in any state court located within Manhattan, New York) over any dispute arising
out of or relating to this Agreement. Except as otherwise specifically provided in this Agreement, the parties undertake not to commence any suit, action or proceeding arising out of or relating to this Agreement in a forum other than a forum
described above; provided, however, that nothing herein shall preclude the Company or the Executive from bringing any suit, action or proceeding in any other court for the purposes of enforcing the provisions of this Section 19 or
enforcing any judgment obtained by the Company. The agreement of the parties to the forum described in this Section 19 is independent of the law that may be applied in any suit, action, or proceeding and the parties agree to such forum even if
such forum may under applicable law choose to apply non-forum law. The parties hereby waive, to the fullest extent permitted by applicable law, any objection which they now or hereafter have to personal jurisdiction or to the laying of venue of any
such suit, action or proceeding brought in an applicable court described in this Section 19, and the parties agree that they shall not attempt to deny or defeat such personal jurisdiction by motion or other request for leave from any such
court. The parties agree that, to the fullest extent permitted by applicable law, a final and non-appealable judgment in any suit, action or proceeding brought in any applicable court described in this Section 19 shall be conclusive and binding
upon the parties and may be enforced in any other jurisdiction. 
 20. Severability. Whenever possible, each provision of
this Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be prohibited by or invalid under applicable law, such provision shall be ineffective only to the
extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Agreement; provided, that if a court having competent jurisdiction shall find that the covenant contained in
Section 13 is not reasonable, such court shall have the power to reduce the duration and/or geographic area and/or scope of such covenant, and the covenant shall be enforceable in this reduced form. 

21. Jury Trial. Each of the parties hereto herby irrevocably waives all rights to trial by jury in any action, proceeding or
counterclaim arising out of or relating to this Agreement. 
 22. No Strict Construction. The language used in this
Agreement shall be deemed to be the language chosen by the parties hereto to express their mutual intent, and no rule of strict construction shall be applied against any party. 

23. Notice. All notices, demands and other communications to be given or delivered under or by reason of the provisions of this
Agreement shall be in writing and shall be deemed to have been given (a) when delivered by hand (with written confirmation of receipt), (b) three (3) business days after sent by e-mail (with such communication to be in PDF format),
with electronic 

  
 -15-

 
confirmation of sending, provided that a copy is sent on the same day by registered mail, return receipt requested, in each case to the appropriate mailing and e-mail addresses set forth below
(or to such other mailing and e-mail addresses as either party may designate by notice to the other party in accordance with this provision), or (c) when actually delivered if sent by any other method that results in delivery (with
written confirmation of receipt): 
 Notices to Holdings: 

Broadview Networks Holdings, Inc. 
 800 Westchester Avenue 
 5th Floor, Suite N501 

Rye Brook, NY 10573 
 Attention:    Chair, Board of Directors 

Phone:        (914) 922-7000 

-and- 

Broadview Networks Holdings, Inc. 
 800 Westchester Avenue 
 5th Floor, Suite N501 

Rye Brook, NY 10573 
 Attention:    Chair, Compensation Committee 

Phone:        (914) 922-7000 

Notices to Executive: 
 Kenneth Shulman 
 23 Alpine Way 

Livingston, NJ. 07039 
 Phone: 973-716-9329 
 Email: ken@shulpeople.com 

Either party to this Agreement may change its or his address of record by providing written notice to the other party as provided in this Section.

 24. Captions. The headings and captions used in this Agreement are for reference purposes only and shall not affect in
any way the meaning or interpretation of this Agreement. The use of the word “including” herein means “including without limitation.” 
 25. Counterparts. This Agreement may be executed in multiple counterparts and by facsimile, any one of which need not contain the signatures of more than one party, but all such counterparts taken
together shall constitute one and the same effective and enforceable instrument. 

  
 -16-

 IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first
above written. 
 COMPANY: 
  

			
	BROADVIEW NETWORKS HOLDINGS, INC.
		
	By:	 	 

	Name:	 	  
 Michael K.
Robinson

	Its:	 	Chief Executive Officer & President

  

	
	THE EXECUTIVE
	
	

	Kenneth Shulman

  
 -17-

 EXHIBIT A 
 BROADVIEW NETWORK HOLDINGS, INC. 
 ANNUAL INCENTIVE PLAN 

TERM SHEET — KENNETH SHULMAN 
 The Compensation Committee of the Board of Directors has adopted an Annual Incentive Plan (“AIP”) for management with the following elements: 

1. The Target Bonus shall equal forty percent (40%) or more of the annual salary of the applicable participant. 

2. The amount of bonus payable shall be determined by reference to financial metrics for the Company established by the Compensation
Committee for each fiscal year and by reference to individual performance targets established by the Compensation Committee or its designee with respect to the applicable participant. The financial metrics shall consist of Adjusted EBITDA, Free Cash
Flow and Revenue (as defined in the AIP) and the Compensation Committee is authorized to give such weight to these metrics as they shall determine for each participant. 
 3. No amount of bonus will be payable if a prescribed minimum threshold of the target for Adjusted EBITDA is not achieved. 
 4. The Compensation Committee retains discretion to make AIP payments in excess of the amount provided in the AIP. 
 5. For the [OFFICER] in fiscal year 2012, the financial metrics and individual performance metrics shall have the following weightings: 

 

			
	 •     Adjusted EBITDA -
	 	60%
	 •     Free Cash Flow -
	 	15%
	 •     Revenue -
	 	15%
	 •     Individual -
	 	10%

 6. For the [OFFICER] in fiscal year 2012, the prescribed minimum threshold target for the Adjusted
EBITDA, metric is 75% of the amount of the Adjusted EBITDA target. For the [OFFICER] if any bonus is paid, the minimum and maximum bonus payments shall be 75% and 125% of the Target Bonus, respectively. 

  
 -18-

 EXHIBIT C 
 RELEASE 
 (INDIVIDUAL TERMINATION) 

[The language in this Release may change based on legal developments and evolving best practices; this form is provided as an
example of what will be included in the final Release document.] 
 Certain capitalized terms used in this Release are
defined in the NEO Employment Agreement (the “Agreement”) which I have executed and of which this Release is a part. 
 I hereby confirm my obligations under Section 13 of the Agreement. 
 Except
as otherwise set forth in this Release, I hereby release, acquit and forever discharge the Company, its parents and subsidiaries, and their officers, directors, agents, servants, employees, shareholders, successors, assigns and affiliates, of and
from any and all claims, liabilities, demands, causes of action, costs, expenses, attorneys fees, damages, indemnities and obligations of every kind and nature, in law, equity, or otherwise, known and unknown, suspected and unsuspected, disclosed
and undisclosed (other than any claim for indemnification I may have as a result of any third party action against me based on my employment with the Company), arising out of or in any way related to agreements, events, acts or conduct at any time
prior to the date I execute this Release, including, but not limited to: all such claims and demands directly or indirectly arising out of or in any way connected with my employment with the Company or the termination of that employment, including
but not limited to, claims of intentional and negligent infliction of emotional distress, any and all tort claims for personal injury, claims or demands related to salary, bonuses, commissions, stock, stock options, or any other ownership interests
in the Company, vacation pay, fringe benefits, expense reimbursements, severance pay, or any other form of disputed compensation; claims pursuant to any federal, state or local law or cause of action including, but not limited to, the federal Civil
Rights Act of 1964, as amended; the federal Age Discrimination in Employment Act of 1967, as amended (“ ADEA ”); the federal Employee Retirement Income Security Act of 1974, as amended; the federal Americans with Disabilities Act of
1990; tort law; contract law; statutory law; common law; wrongful discharge; discrimination; fraud; defamation; emotional distress; and breach of the implied covenant of good faith and fair dealing; provided, however, that nothing in
this paragraph shall be construed in any way to release the Company from its obligation to indemnify me pursuant to the Company’s indemnification obligation pursuant to agreement or applicable law. 

[INCLUDE IF EXECUTIVE IS AGE 40 OR OLDER AT TIME OF TERMINATION: I acknowledge that I am knowingly and voluntarily waiving and
releasing any rights I may have under ADEA. I also acknowledge that the consideration given under the Agreement for the waiver and release in the preceding paragraph hereof is in addition to anything of value to which I was already entitled. I
further acknowledge that I have been advised by this writing, as required by the ADEA, that: (A) my waiver and release do not apply to any rights or claims that may arise on or after the date I execute this Release; (B) I have the right to
consult with an attorney prior to executing this Release; (C) I have twenty-one (21) days to consider this Release (although I may choose to voluntarily execute this Release earlier); (D) I have seven (7) days following the
execution of this Release by the parties to revoke the Release; and (E) this Release shall not be effective until the date upon which the revocation period has expired, which shall be the eighth day after this Release is executed by me.]

  

	
	EXECUTIVE
	
	Signature:                            
                                         
 
	Name: Kenneth Shulman
	Date:                             
                                         
        

  
 -20-EX-10.22

 Exhibit 10.22 
 INDEMNIFICATION AGREEMENT 
 THIS INDEMNIFICATION AGREEMENT (the
“Agreement”) is made as of the                      day of
                    , 201     by and between Broadview Networks Holdings, Inc., a Delaware corporation (the
“Company”), and                      (the “Indemnitee”). 

WHEREAS, directors, officers, and other persons in service to corporations or business enterprises are being increasingly subjected to
expensive and time-consuming litigation relating to, among other things, matters that traditionally would have been brought only against the Company or business enterprise itself; 

WHEREAS, highly competent persons have become more reluctant to serve corporations as directors, officers or in other capacities unless
they are provided with adequate protection through insurance or adequate indemnification against risks of claims and actions against them arising out of their service to and activities on behalf of the corporation; 

WHEREAS, the Board of Directors of the Company (the “Board of Directors”) has determined that the increased difficulty
in attracting and retaining such persons is detrimental to the best interests of the Company’s stockholders and that the Company should act to assure such persons that there will be increased certainty of such protection in the future;

 WHEREAS, it is reasonable, prudent and necessary for the Company contractually to obligate itself to indemnify, and to
advance expenses on behalf of, such persons to the fullest extent permitted by applicable law so that they will serve or continue to serve the Company free from undue concern that they will not be so indemnified; 

WHEREAS, although the Amended and Restated Certificate of Incorporation of the Company (the “Certificate”) and the
Amended and Restated Bylaws of the Company (the “Bylaws”) require indemnification of the officers and directors of the Company under the circumstances specified therein, and Indemnitee may also be entitled to indemnification
pursuant to the General Corporation Law of the State of Delaware (“DGCL”), the Certificate, the Bylaws and the DGCL expressly provide that the indemnification provisions set forth therein are not exclusive, and thereby contemplate
that contracts may be entered into between the Company and members of the board of directors, officers and other persons with respect to indemnification, including, but not limited to, an insurance policy or policies providing liability insurance
for a director, officer, employee, agent or fiduciary of the Company (“Insurance Policy”); and 
 WHEREAS, this
Agreement is a supplement to and in furtherance of the Certificate and the Bylaws and any resolutions adopted pursuant thereto, and shall not be deemed a substitute therefor, nor to diminish or abrogate any rights of Indemnitee thereunder, or under
any Insurance Policy. 

 NOW, THEREFORE, in consideration of Indemnitee’s agreement to serve or to continue to
serve as a director or officer, or both, of the Company after the date hereof, the parties hereto agree as follows: 
 1.
Definitions. For purposes of this Agreement: 
 (a) “Change in Control” shall mean a change in control
of the Company occurring after the date hereof of a nature that would be required to be reported in response to Item 6(e) on Schedule 14A of Regulation 14A (or in response to any similar item on any similar schedule or form) promulgated under
the Securities Exchange Act of 1934, as amended (the “Act”), whether or not the Company is then subject to such reporting requirement; provided, however, that, without limitation, a Change in Control shall include:
(i) the acquisition (other than acquisition by or from the Company) after the date hereof by any person, entity or “group,” within the meaning of Section 13(d)(3) or 14(d)(2) of the Act (excluding, for this purpose, the Company
or its subsidiaries, any employee benefit plan of the Company or its subsidiaries that acquires beneficial ownership of voting securities of the Company, and any qualified institutional investor that meets the requirements of Rule 13d-1(b)(1)
promulgated under the Act) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Act) of 50% or more of either the then-outstanding shares of common stock or the combined voting power of the Company’s then-outstanding
capital stock entitled to vote generally in the election of directors; (ii) individuals who, as of the date hereof, constitute the Board of Directors (the “Incumbent Board”) ceasing for any reason to constitute at least a
majority of the Board of Directors, provided that any person becoming a director subsequent to the date hereof whose election, or nomination for election, by the Company’s stockholders was approved by a vote of at least a majority of the
directors then comprising the Incumbent Board (other than an election or nomination of an individual whose initial assumption of office is in connection with an actual or threatened election contest relating to the election of the directors of the
Company) shall be, for purposes of this Agreement, considered as though such person were a member of the Incumbent Board; or (iii) approval by the stockholders of the Company of (A) a reorganization, merger or consolidation, in each case,
with respect to which persons who were the stockholders of the Company immediately prior to such reorganization, merger or consolidation do not, immediately thereafter, own more than 50% of the combined voting power entitled to vote generally in the
election of directors of the reorganized, merged, consolidated or other surviving corporation’s then-outstanding voting securities, (B) a liquidation or dissolution of the Company, or (C) the sale of all or substantially all of the
assets of the Company. 
 (b) “Corporate Status” describes the status of a person who is or was a director,
officer, employee, agent or fiduciary of the Company or any direct or indirect wholly owned subsidiary of the Company, or of any other corporation, partnership, limited liability company, joint venture, trust, employee benefit plan or other
enterprise that such person is or was serving with in a similar capacity at the written request of the Company. 
 (c)
“Disinterested Director” means a director of the Company who is not and was not a party to the Proceeding in respect of which indemnification is sought by Indemnitee. 

(d) “Enterprise” shall mean the Company and any direct or indirect wholly owned subsidiary of the Company, and any other
corporation, partnership, limited liability company, joint venture, trust, employee benefit plan or other enterprise that Indemnitee is or was serving with at the written request of the Company as a director, officer, employee, agent or fiduciary.

  
 2 

 (e) “Expenses” shall include all reasonable attorneys’ fees,
retainers, disbursements of counsel, court costs, filing fees, transcript costs, fees and expenses of experts, witness fees and expenses, travel expenses, duplicating and imaging costs, printing and binding costs, telephone charges, facsimile
transmission charges, computer legal research costs, postage, delivery service fees and all other disbursements or expenses of the types customarily incurred in connection with prosecuting, defending, preparing to prosecute or defend, investigating,
participating, or being or preparing to be a witness in a Proceeding, as well as all other “expenses” within the meaning of that term as used in Section 145 of the General Corporation Law of the State of Delaware and all other
disbursements or expenses of types customarily and reasonably incurred in connection with prosecuting, defending, preparing to prosecute or defend, investigating, being or preparing to be a witness in, or otherwise participating in, actions, suits,
or proceedings similar to or of the same type as the Proceeding with respect to which such disbursements or expenses were incurred; but, notwithstanding anything in the foregoing to the contrary, “Expenses” shall not include amounts of
judgments, penalties, or fines actually levied against the Indemnitee in connection with any Proceeding. Expenses also shall include the foregoing incurred in connection with any appeal resulting from any Proceeding, including without limitation the
premium, security for, and other costs relating to any cost bond, supersede as bond, or other appeal bond or its equivalent. 

(f) “Independent Counsel” means a law firm, or a member of a law firm, that is experienced in matters of corporation law
and neither presently is, nor in the past five years has been, retained to represent: (i) the Company or Indemnitee in any matter material to either such party (other than with respect to matters concerning Indemnitee under this Agreement, or
of other indemnitees under similar indemnification agreements); or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder. Notwithstanding the foregoing, the term “Independent Counsel” shall
not include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company or Indemnitee in an action to determine Indemnitee’s rights under this
Agreement. 
 (g) “Proceeding” includes any threatened, pending or completed action, suit, arbitration,
alternate dispute resolution mechanism, investigation (including any internal investigation), inquiry, administrative hearing or any other actual, threatened or completed proceeding, whether brought by or in the right of the Company or otherwise
(including, but not limited to, as applicable, any cross claims, counterclaims or interpleader actions brought by Indemnitee or the Company) and whether civil, criminal, administrative or investigative, in which Indemnitee was, is or will be
involved as a party or otherwise, by reason of the fact that Indemnitee is or was an officer or director of the Company, by reason of any action taken by him or of any inaction on his part while acting as an officer or director of the Company, or by
reason of the fact that he is or was serving at the request of the Company as a director, officer, employee, agent or fiduciary of another corporation, partnership, joint venture, trust or other Enterprise; in each case whether or not he is acting
or serving in any such capacity at the time any liability or expense is incurred for which indemnification can be provided under this Agreement; including one pending on or before the date of this Agreement, but excluding one initiated by an
Indemnitee pursuant to Section 7 of this Agreement to enforce his rights under this Agreement. 

  
 3 

 (h) References herein to “fines” shall not include any excise tax assessed with
respect to any employee benefit plan. 
 (i) References herein to a director of another Enterprise or a director of another
Enterprise shall include, in the case of any entity that is not managed by a board of directors, such other position, such as manager or trustee or member of the governing body of such entity, that entails responsibility for the management and
direction of such entity’s affairs, including, without limitation, the general partner of any partnership (general or limited) and the manager or managing member of any limited liability company. 

(j) (i) References herein to serving at the request of the Company as a director, officer, employee, agent, or fiduciary of another
Enterprise shall include any service as a director, officer, employee, or agent of the Company that imposes duties on, or involves services by, such director or officer with respect to an employee benefit plan of the Company or any of its
affiliates, other than solely as a participant or beneficiary of such a plan; and (ii) if the Indemnitee has acted in good faith and in a manner that the Indemnitee reasonably believed to be in the interest of the participants and beneficiaries
of an employee benefit plan, the Indemnitee shall be deemed to have acted in a manner not opposed to the best interests of the Company for purposes of this Agreement. 
 (k) References herein to one gender shall be held to include the other gender as the context requires. 
 2. Indemnity of Indemnitee. The Company hereby agrees to hold harmless and indemnify Indemnitee to the fullest extent permitted by applicable law, as such may be amended from time to time. In
furtherance of the foregoing indemnification, and without limiting the generality thereof: 
 (a) Proceedings Other Than
Proceedings by or in the Right of the Company. Except as provided in Section 9 hereof, Indemnitee shall be entitled to the rights of indemnification provided in this Section 2(a) if, by reason of his Corporate Status, the
Indemnitee is or was, or is or was threatened to be made, a party to or is otherwise involved in any Proceeding other than a Proceeding by or in the right of the Company to procure a judgment in its favor (which Proceedings are addressed in
Section 2(b)). Pursuant to this Section 2(a), Indemnitee shall be indemnified against all Expenses, judgments, penalties, fines, liabilities and amounts paid in settlement actually and reasonably incurred by Indemnitee, or on
Indemnitee’s behalf, in connection with such Proceeding or any claim, issue or matter therein, but only if the Indemnitee acted in good faith and in a manner the Indemnitee reasonably believed to be in or not opposed to the best interests of
the Company, and with respect to any criminal Proceeding, had no reasonable cause to believe the Indemnitee’s conduct was unlawful. 
 (b) Proceedings by or in the Right of the Company. Except as provided in Section 9 hereof, Indemnitee shall be entitled to the rights of indemnification provided in this
Section 2(b) if, by reason of Indemnitee’s Corporate Status, the Indemnitee is or was, or is or was threatened to be made, a party to or is or was otherwise involved in any Proceeding brought by or in the right of the Company to
procure a judgment in its favor. Pursuant to this Section 2(b), Indemnitee shall be indemnified against all Expenses actually and reasonably incurred by 

  
 4 

 the Indemnitee, or on the Indemnitee’s behalf, in connection with such Proceeding or any claim, issue
or matter therein, but only if the Indemnitee acted in good faith and in a manner the Indemnitee reasonably believed to be in or not opposed to the best interests of the Company; provided, however, if applicable law so provides, no
indemnification for such Expenses shall be made in respect of any claim, issue or matter in such Proceeding as to which the Indemnitee shall have been adjudged liable to the Company unless (and only to the extent that) the Court of Chancery of the
State of Delaware or the court in which such Proceeding was brought shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, the Indemnitee is fairly and reasonably entitled to
indemnity for such expenses that the Court of Chancery or such other court shall deem proper. Anything in this Agreement to the contrary notwithstanding, if the Indemnitee, by reason of the Indemnitee’s Corporate Status, is or was, or is or was
threatened to be made, a party to any Proceeding by or in the right of the Company to procure a judgment in its favor, then the Company shall not indemnify the Indemnitee for any judgment, fines, or amounts paid in settlement to the Company in
connection with such Proceeding. 
 (c) Overriding Right to Indemnification if Successful on the Merits. Notwithstanding
any other provision of this Agreement, to the extent that Indemnitee is or was, by reason of his Corporate Status or otherwise, a party to and is or was successful, on the merits or otherwise, in any Proceeding, he shall be indemnified to the
maximum extent permitted by applicable law, as such may be amended from time to time, against all Expenses actually and reasonably incurred by him or on his behalf in connection therewith. If Indemnitee is not wholly successful in such Proceeding
but is successful, on the merits or otherwise, as to one or more but less than all claims, issues or matters in such Proceeding, the Company shall indemnify Indemnitee against all Expenses actually and reasonably incurred by Indemnitee or on
Indemnitee’s behalf in connection with each successfully resolved claim, issue or matter. For purposes of this Section and without limitation, the termination of any claim, issue or matter in such a Proceeding by dismissal, with or without
prejudice, shall be deemed to be a successful result as to such claim, issue or matter. 
 3. Contribution. 

(a) To the fullest extent permissible under applicable law, whether or not the indemnification provided in Section 2 hereof is
available, in respect of any threatened, pending or completed action, suit or proceeding in which the Company may be jointly liable with Indemnitee (or could be if joined in such action, suit or proceeding), the Company shall pay, in the first
instance, the entire amount of any judgment or settlement of such action, suit or proceeding without requiring Indemnitee to contribute to such payment, and the Company hereby waives and relinquishes any right of contribution it may have against
Indemnitee. The Company shall not enter into any settlement of any action, suit or proceeding in which the Company may be jointly liable with Indemnitee (or could be if joined in such action, suit or proceeding) unless such settlement provides for a
full and final release of all claims asserted against Indemnitee. 

  
 5 

 (b) To the fullest extent permissible under applicable law, without diminishing or impairing
the obligations of the Company set forth in the preceding subparagraph, if, for any reason, Indemnitee shall elect or be required to pay all or any portion of any judgment or settlement in any threatened, pending or completed action, suit or
proceeding in which the Company is jointly liable with Indemnitee (or would be if joined in such action, suit or proceeding), the Company shall contribute to the amount of Expenses, judgments, fines, liabilities and amounts paid in settlement
actually and reasonably incurred and paid or payable by Indemnitee in proportion to the relative benefits received by the Company and all officers, directors or employees of the Company, other than Indemnitee, who are jointly liable with Indemnitee
(or would be if joined in such action, suit or proceeding), on the one hand, and Indemnitee, on the other hand, from the transaction from which such action, suit or proceeding arose; provided, however, that the proportion determined on
the basis of relative benefit may, to the extent necessary to conform to law, be further adjusted by reference to the relative fault of the Company and all officers, directors or employees of the Company, other than Indemnitee, who are jointly
liable with Indemnitee (or would be if joined in such action, suit or proceeding), on the one hand, and Indemnitee, on the other hand, in connection with the events that resulted in such Expenses, judgments, fines, liabilities or settlement amounts,
as well as any other equitable considerations which the law may require to be considered. The relative fault of the Company and all officers, directors or employees of the Company, other than Indemnitee, who are jointly liable with Indemnitee (or
would be if joined in such action, suit or proceeding), on the one hand, and Indemnitee, on the other hand, shall be determined by reference to, among other things, the degree to which their actions were motivated by intent to gain personal profit
or advantage, the degree to which their liability is primary or secondary and the degree to which their conduct is active or passive. 
 (c) The Company hereby agrees to fully indemnify and hold Indemnitee harmless from any claim of contribution brought by or on behalf of officers, directors or employees of the Company, other than
Indemnitee, who may be jointly liable with Indemnitee. 
 (d) To the fullest extent permissible under applicable law, if the
indemnification provided for in this Agreement is unavailable to Indemnitee for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, shall contribute to the amount incurred by Indemnitee, whether for judgments, fines, liabilities,
penalties, excise taxes, amounts paid or to be paid in settlement and/or for Expenses, in connection with any claim relating to an indemnifiable event under this Agreement, in such proportion as a majority of Disinterested Directors (even though
less than a quorum) deem fair and reasonable in light of all of the circumstances of such Proceeding in order to reflect (i) the relative benefits received by the Company (together with its directors, officers, employees and agents) and
Indemnitee as a result of the event(s) and/or transaction(s) giving cause to such Proceeding; and/or (ii) the relative fault of the Company (and its directors, officers, employees and agents) and Indemnitee in connection with such event(s)
and/or transaction(s). 
 4. Indemnification for Expenses of a Witness. Notwithstanding any other provision of this
Agreement, to the extent that Indemnitee is or was, by reason of his Corporate Status or otherwise, a witness, or is or was made (or asked) to respond to discovery requests, in any Proceeding to which Indemnitee is not a party, he shall be
indemnified to the fullest extent permissible under applicable law against all Expenses actually and reasonably incurred by him or on his behalf in connection therewith. 

  
 6 

 5. Advancement of Expenses. Notwithstanding any other provision of this Agreement,
but subject to Section 8(e) hereof, the Company shall advance all Expenses incurred by or on behalf of Indemnitee in connection with any Proceeding by reason of Indemnitee’s Corporate Status or otherwise within thirty
(30) calendar days after the receipt by the Company of a statement or statements from Indemnitee requesting such advance or advances from time to time, whether prior to or after final disposition of such Proceeding. Such statement or statements
shall reasonably evidence the Expenses incurred by or on behalf of Indemnitee and for which advancement is requested, and shall include or be preceded or accompanied by an undertaking by or on behalf of Indemnitee to repay any Expenses advanced if
it shall finally be determined (under the procedures, and subject to the presumptions, set forth in Section 6 and Section 7 hereof) that Indemnitee is not entitled to be indemnified against such Expenses. Such undertaking
shall be sufficient for purposes of this Section 5 if it is substantially in the form attached hereto as Exhibit A. Any advances and undertakings to repay pursuant to this Section 5 shall be unsecured and
interest-free. The Indemnitee shall be entitled to advancement of Expenses as provided in this Section 5 regardless of any determination by or on behalf of the Company that the Indemnitee has not met the standards of conduct set forth in
Sections 2(a) and 2(b) hereof. 
 6. Procedures and Presumptions for Determination of Entitlement to
Indemnification. It is the intent of this Agreement to secure for Indemnitee rights of indemnity that are as favorable as may be permitted under the DGCL and public policy of the State of Delaware. Accordingly, the parties agree that the
following procedures and presumptions shall apply in the event of any question as to whether Indemnitee is entitled to indemnification under this Agreement: 
 (a) To the extent permitted by applicable laws, rules, regulations and orders of any governmental body, Indemnitee shall give the Company notice in writing as soon as practicable of any claim made against
Indemnitee for which indemnification will or could be sought under this Agreement. To obtain indemnification under this Agreement, the Indemnitee shall submit to the Company a written request for indemnification, including therein or therewith,
except to the extent previously provided to the Company in connection with a request or requests for advancement pursuant to Section 5 hereof, a statement or statements reasonably evidencing all Expenses incurred or paid by or on behalf
of the Indemnitee and for which indemnification is requested, together with such documentation and information as is reasonably available to Indemnitee and as is reasonably necessary for the Company to determine whether and to what extent Indemnitee
is entitled to indemnification. The Secretary of the Company shall, promptly upon receipt of such a request for indemnification, advise the Board of Directors in writing that Indemnitee has requested indemnification. Failure to provide any notice
required hereby shall not impair Indemnitee’s rights of indemnification and contribution under this Agreement except to the extent that such failure to provide notice actually and materially prejudices the rights of the Company to defend any
action or proceeding which is the basis of the claimed indemnification; provided, however, that such failure to provide notice will not be deemed to materially prejudice the rights of the Company where Indemnitee is prohibited by any
applicable laws, rules, regulations or orders of any governmental body from complying with the notification procedures contained in this Section 6(a). 

  
 7 

 (b) Upon written request by Indemnitee for indemnification pursuant to the second sentence
of Section 6(a) hereof, a determination with respect to Indemnitee’s entitlement thereto shall be made by the following person or persons, who shall be empowered to make such determination: (i) if a Change in Control shall have
occurred, by Independent Counsel (unless Indemnitee shall request in writing that such determination be made by the Board of Directors (or a committee thereof) in the manner provided for in clause (ii) of this Section 6(b)) in a
written opinion to the Board of Directors, a copy of which shall be delivered to Indemnitee; or (ii) if a Change of Control shall not have occurred, (A)(1) by Independent Counsel, if Indemnitee shall request in writing that such determination
be made by Independent Counsel upon making his or her request for indemnification pursuant to the second sentence of Section 6(a), (2) by the Board of Directors of the Company, by a majority vote of Disinterested Directors even
though less than a quorum, or (3) by a committee of Disinterested Directors designated by majority vote of Disinterested Directors, even though less than a quorum, or (B) if there are no such Disinterested Directors or, even if there are
such Disinterested Directors, if the Board of Directors, by the majority vote of Disinterested Directors, so directs, by Independent Counsel in a written opinion to the Board of Directors, a copy of which shall be delivered to Indemnitee.

 (c) If the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to
Section 6(b) hereof, the Independent Counsel shall be selected by the Board of Directors and approved by Indemnitee (such approval not to be unreasonably withheld, delayed or conditioned). Upon failure of the Board of Directors to so
select, or upon the failure of Indemnitee to so approve, such Independent Counsel within 20 days after submission by Indemnitee of a written request for indemnification pursuant to Section 6(a) hereof, the Independent Counsel shall be
selected by the Court of Chancery of the State of Delaware or such other person or body as the Indemnitee and the Company may agree in writing. Such determination of entitlement to indemnification shall be made not later than forty-five
(45) days after receipt by the Company of a written request for indemnification. If the person making such determination shall determine that Indemnitee is entitled to indemnification as to part (but not all) of the application for
indemnification, such person shall reasonably pro-rate such part of indemnification among such claims, issues or matters. If it is so determined that Indemnitee is entitled to indemnification, payment to Indemnitee shall be made within ten
(10) days after such determination. The Company shall pay any and all reasonable fees and expenses of Independent Counsel incurred by such Independent Counsel in connection with acting pursuant to Section 6(b) hereof, and the
Company shall pay all reasonable fees and expenses incident to the procedures of this Section 6(c), regardless of the manner in which such Independent Counsel was selected or appointed. 

(d) In connection with any determination (including a determination by the Court of Chancery of the State of Delaware (or other court of
competent jurisdiction)) with respect to entitlement to indemnification hereunder, the burden of proof shall be on the Company to establish that Indemnitee is not entitled to indemnification and any decision that Indemnitee is not entitled to
indemnification must be supported by clear and convincing evidence. The failure of the Company (including by its directors or Independent Counsel) to have made a determination prior to the commencement of any action pursuant to this Agreement that
indemnification is proper in the circumstances because Indemnitee has met the applicable standard of conduct, or an actual determination by the Company (including by its directors or Independent Counsel) that Indemnitee has not met such applicable
standard of conduct, shall not be a defense to the action or create a presumption that Indemnitee has not met the applicable standard of conduct. 

  
 8 

 (e) In making a determination with respect to whether Indemnitee acted in good faith and in
a manner that Indemnitee reasonably believed to be in or not opposed to the best interests of the Company, the person or persons or entity making such determination shall presume that Indemnitee acted in good faith and in a manner that Indemnitee
reasonably believed to be in or not opposed to the best interests of the Company. Anyone seeking to overcome this presumption shall have the burden of proof and any decision that Indemnitee is not entitled to indemnification must be supported by
clear and convincing evidence. Any action, or failure to act, by Indemnitee based on Indemnitee’s good faith reliance on the records or books of account of the Enterprise, including financial statements, or on information supplied to Indemnitee
by the officers of the Enterprise in the course of their duties, or on the advice of legal counsel for the Enterprise or on information or records given or reports made to the Enterprise by an independent certified public accountant or by an
appraiser or other expert selected with reasonable care by the Enterprise shall not, in and of itself, constitute grounds for an adverse determination with respect to whether Indemnitee acted in good faith and in a manner that Indemnitee reasonably
believed to be in or not opposed to the best interests of the Company. In addition, the knowledge and/or actions, or failure to act, of any director, officer, agent or employee of the Enterprise shall not be imputed to Indemnitee for purposes of
determining the right to indemnification under this Agreement. 
 (f) If the person, persons or entity empowered or selected
under this Section 6 to determine whether Indemnitee is entitled to indemnification shall not have made a determination within forty-five (45) days after receipt by the Company of the request therefor, the requisite determination of
entitlement to indemnification shall be deemed to have been made and Indemnitee shall be entitled to such indemnification absent (i) a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make
Indemnitee’s statement not materially misleading, in connection with the request for indemnification, or (ii) a prohibition of such indemnification under applicable law; provided, however, that such forty-five (45)-day period
may be extended for a reasonable time, not to exceed an additional thirty (30) days, if the person, persons or entity making such determination with respect to entitlement to indemnification in good faith requires such additional time to obtain
or evaluate documentation and/or information relating thereto. 
 (g) Indemnitee shall cooperate with the person, persons or
entity making such determination with respect to Indemnitee’s entitlement to indemnification, including providing to such person, persons or entity upon reasonable advance request any documentation or information which is not privileged or
otherwise protected from disclosure and which is reasonably available to Indemnitee and reasonably necessary to such determination. Any Independent Counsel or member of the Board of Directors shall act reasonably and in good faith in making a
determination regarding the Indemnitee’s entitlement to indemnification under this Agreement. Any costs or expenses (including attorneys’ fees and disbursements) incurred by Indemnitee in so cooperating with the person, persons or entity
making such determination shall be borne by the Company (irrespective of the determination as to Indemnitee’s entitlement to indemnification) and the Company hereby agrees to indemnify and hold Indemnitee harmless therefrom. 

  
 9 

 (h) The Company acknowledges that a settlement or other disposition short of final judgment
may be successful if it permits a party to avoid expense, delay, distraction, disruption and uncertainty. In the event that any Proceeding to which Indemnitee is or becomes a party is resolved in any manner other than by adverse judgment against
Indemnitee (including, without limitation, settlement of such action, claim or proceeding with or without payment of money or other consideration) it shall be presumed that Indemnitee has been successful on the merits or otherwise in such
Proceeding. Anyone seeking to overcome this presumption shall have the burden of proof and the burden of persuasion by clear and convincing evidence. 
 (i) The termination of any Proceeding or of any claim, issue or matter therein, by judgment, order, settlement or conviction, or upon a plea of nolo contendere or its equivalent, shall not (except
as otherwise expressly provided in this Agreement) of itself adversely affect the right of Indemnitee to indemnification under this Agreement or create a presumption that Indemnitee did not act in good faith and in a manner which he reasonably
believed to be in or not opposed to the best interests of the Company or, with respect to any criminal Proceeding, that Indemnitee had reasonable cause to believe that his conduct was unlawful. 

7. Remedies of Indemnitee. 
 (a) In the event that (i) a determination is made pursuant to Section 6 of this Agreement that Indemnitee is not entitled to indemnification under this Agreement, (ii) advancement of
Expenses is not timely made pursuant to Section 5 of this Agreement, (iii) no determination of entitlement to indemnification is made pursuant to Section 6(b) of this Agreement within forty-five (45) days after
receipt by the Company of the request for indemnification, (iv) payment of indemnification is not made pursuant to this Agreement within fifty-five (55) days after receipt by the Company of a written request therefor or (v) payment of
indemnification is not made within ten (10) days after a determination has been made that Indemnitee is entitled to indemnification or such determination is deemed to have been made pursuant to Section 6 of this Agreement,
Indemnitee shall be entitled to an adjudication in an appropriate court of the State of Delaware, or in any other court of competent jurisdiction, of Indemnitee’s entitlement to such indemnification and/or advancement of Expenses. The Company
shall not oppose Indemnitee’s right to seek any such adjudication. 
 (b) In the event that a determination shall have been
made pursuant to Section 6(b) of this Agreement that Indemnitee is not entitled to indemnification, any judicial proceeding commenced pursuant to this Section 7 shall be conducted in all respects as a de novo trial on the
merits, and Indemnitee shall not be prejudiced by reason of the adverse determination under Section 6(b). 
 (c) If
a determination shall have been made pursuant to Section 6(b) of this Agreement that Indemnitee is entitled to indemnification, the Company shall be bound by such determination in any judicial proceeding commenced pursuant to this
Section 7, absent (i) a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s misstatement not materially misleading in connection with the application for
indemnification, or (ii) a prohibition of such indemnification under applicable law. 

  
 10 

 (d) In the event that (a) the Indemnitee commences a proceeding seeking (1) to
establish or enforce the Indemnitee’s entitlement to indemnification or advancement pursuant to this Agreement, (2) to otherwise enforce Indemnitee’s rights under or to interpret the terms of this Agreement, (3) to recover
damages for breach of this Agreement, (4) to establish or enforce Indemnitee’s entitlement to indemnification or advancement pursuant to the Certificate or the Bylaws, or (5) to enforce or interpret the terms of any liability
insurance policy maintained by the Company (each such proceeding an “Indemnitee Enforcement Proceeding”), or (b) the Company commences a proceeding against the Indemnitee seeking (1) to recover, pursuant to an undertaking or
otherwise, amounts previously advanced to Indemnitee, (2) to enforce the Company’s rights under or to interpret the terms of this Agreement, or (3) to recover damages for breach of this Agreement (each such proceeding a “Company
Enforcement Proceeding” and together with each form of Indemnitee Enforcement Proceeding, an “Enforcement Proceeding”), then the Indemnitee shall be entitled to recover from the Company, and shall be indemnified by the Company
against, any and all Expenses actually and reasonably incurred by or on behalf of such Indemnitee in connection with such Enforcement Proceeding; provided, however, if applicable law so provides, no indemnification against such
Expenses shall be made in respect of any claim, issue or matter in such Proceeding on which Indemnitee does not prevail, unless (and only to the extent that) the Court of Chancery of the State of Delaware or the court in which such Proceeding was
brought shall determine upon application that, despite the adjudication in respect of such claim, issue or matter but in view of all the circumstances of the case, the Indemnitee is fairly and reasonably entitled to indemnity for such expenses that
the Court of Chancery or such other court shall deem proper. The Company also shall be required to advance all Expenses actually and reasonably incurred by or on behalf of the Indemnitee in connection with any Enforcement Proceeding in advance of
the final disposition of such proceeding within thirty (30) days after the receipt by the Company of a written request for such advance or advances from time to time, which request shall include or be accompanied by a statement or statements
reasonably evidencing the Expenses incurred by or on behalf of the Indemnitee and for which advancement is requested; provided, however, that any such advancement shall be made only after the Company receives an undertaking by or on
behalf of the Indemnitee to repay any Expenses so advanced if it shall be finally determined that Indemnitee is not entitled to be indemnified against such Expenses. 
 (e) The Company shall be precluded from asserting in any judicial proceeding commenced pursuant to this Section 7 that the procedures and presumptions of this Agreement are not valid, binding
and enforceable and shall stipulate in any such court that the Company is bound by all the provisions of this Agreement. 
 (f)
Notwithstanding anything in this Agreement to the contrary, no determination as to entitlement to indemnification under this Agreement shall be required to be made prior to the final disposition of the Proceeding. 

8. Non-Exclusivity; Survival of Rights; Insurance; Subrogation. 

(a) The rights of indemnification as provided by this Agreement shall not be deemed exclusive of any other rights to which Indemnitee may
at any time be entitled under applicable law, the Certificate, the Bylaws, any Insurance Policy, any agreement, a vote of stockholders, a resolution of directors or otherwise. No amendment, alteration or repeal of this 

  
 11 

 Agreement or of any provision hereof shall limit or restrict any right of Indemnitee under this Agreement in
respect of any action taken or omitted by such Indemnitee in his Corporate Status or otherwise prior to such amendment, alteration or repeal. To the extent that a change in the DGCL, whether by statute or judicial decision, permits greater
indemnification than would be afforded currently under the Certificate, the Bylaws and this Agreement, it is the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change. No right or
remedy herein conferred is intended to be exclusive of any other right or remedy, and every other right and remedy shall be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity
or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other right or remedy. Notwithstanding anything in this Agreement to the contrary, the
indemnification and contribution provided for in this Agreement will remain in full force and effect regardless of any investigation made by or on behalf of Indemnitee or any of Indemnitee’s agents. 

(b) To the extent that the Company maintains any Insurance Policy or any insurance policy or policies providing liability insurance for
any other corporation, partnership, limited liability company, joint venture, trust, employee benefit plan or other Enterprise that such person serves at the request of the Company, Indemnitee shall be covered by such policy or policies in
accordance with its or their terms to the maximum extent of the coverage available for any director, officer, employee, agent or fiduciary under such policy or policies. If, at the time of the receipt of a notice of a claim pursuant to the terms
hereof, the Company has any Insurance Policy in effect, the Company shall give prompt notice of the commencement of such Proceeding to the insurers in accordance with the procedures set forth in the respective policies. The Company shall thereafter
take all necessary or desirable action to cause such insurers to pay, on behalf of the Indemnitee, all amounts payable as a result of such Proceeding in accordance with the terms of such policies. 

(c) Except as otherwise agreed between the Company, on the one hand, and Indemnitee or another indemnitor of Indemnitee, on the other, in
the event of any payment to or on behalf of the Indemnitee under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all papers reasonably required and take
all action reasonably necessary to secure such rights, including execution of such documents as are necessary to enable the Company to bring suit to enforce such rights. For the avoidance of doubt, the Company shall make any and all payments and
reimburse Indemnitee’s costs and expenses, if any, in connection with Indemnitee’s preparation and execution of all papers and taking of any and all actions referred to in this Section 8(c). 

(d) Except as otherwise agreed between the Company, on the one hand, and Indemnitee or another indemnitor of Indemnitee, on the other,
the Company shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable hereunder if and to the extent that Indemnitee has otherwise actually received such payment under any Insurance Policy or any other insurance
policy relating to an Enterprise other than the Company, Company contract, Company agreement or otherwise (except to the extent that Indemnitee is required (by court order or otherwise) to return such payment or to surrender it to the Company).

  
 12 

 (e) Except as otherwise agreed between the Company, on the one hand, and Indemnitee or
another indemnitor of Indemnitee, on the other, the Company’s obligation to indemnify or advance Expenses hereunder to Indemnitee who is or was serving at the request of the Company as a director, officer, employee or agent of any other
corporation, partnership, limited liability company, joint venture, trust, employee benefit plan or other Enterprise shall be reduced by any amount Indemnitee has actually received as indemnification or advancement of expenses from the Company or
any Insurance Policy (except to the extent that Indemnitee is required (by court order or otherwise) to return such payment or to surrender it to the Company. 
 9. Exception to Right of Indemnification. Notwithstanding any provision in this Agreement, the Company shall not be obligated under this Agreement to make any indemnity in connection with any claim
made against Indemnitee: 
 (a) for which payment has actually been made to or on behalf of Indemnitee under any Insurance
Policy, or other indemnity provision or otherwise to which the Company is a party, except as may otherwise be agreed between the Company, on the one hand, and Indemnitee or another indemnitor of Indemnitee, on the other; 

(b) for an accounting of profits made from the purchase and sale (or sale and purchase) by Indemnitee of securities of the Company
within the meaning of Section 16(b) of the Act, as amended, or similar provisions of state statutory law or common law; or 

(c) in connection with any Proceeding (or any part of any Proceeding) initiated by Indemnitee, including any Proceeding (or any part
of any Proceeding) initiated by Indemnitee against the Company or any of its direct or indirect subsidiaries or the directors, officers, employees or other indemnitees of the Company or its direct or indirect subsidiaries (except where specified to
the contrary in this Agreement, in each instance to be governed by the terms of the applicable section herein), unless (i) the Board of Directors of the Company authorized the Proceeding (or any part of any Proceeding) prior to its initiation
or (ii) the Company provides the indemnification, in its sole discretion, pursuant to the powers vested in the Company under applicable law. 
 10. Duration of Agreement. All agreements and obligations of the Company contained herein shall continue until ten (10) years after the end of any period Indemnitee is an officer or director
of the Company (or is or was serving at the request of the Company as a director, officer, employee or agent of another corporation, partnership, limited liability company, joint venture, trust or other Enterprise) but shall continue thereafter so
long as Indemnitee shall be subject to any Proceeding (or any proceeding commenced under Section 7 hereof) by reason of his Corporate Status or otherwise, whether or not he is acting or serving in any such capacity at the time any
liability or expense is incurred for which indemnification can be provided under this Agreement, notwithstanding such ten (10) year period. This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties
hereto and their respective successors (including any direct or indirect successor by purchase, merger, consolidation or otherwise to all or substantially all of the business or assets of the Company), assigns, spouses, heirs, executors and personal
and legal representatives. 

  
 13 

 11. Enforcement. 

(a) The Company expressly confirms and agrees that it has entered into this Agreement and assumes the obligations imposed on it hereby in
order to induce Indemnitee to serve as an officer or director of the Company, and the Company acknowledges that Indemnitee is relying upon this Agreement in serving as an officer or director of the Company. 

(b) This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes
all prior agreements and understandings, oral, written and implied, between the parties hereto with respect to the subject matter hereof, except for the organizational documents of the Company (including, but not limited to, the Certificate and the
Bylaws), the Amended and Restated Shareholders Agreement of the Company, any employment agreement between Indemnitee and the Company and any Insurance Policy or other applicable insurance policy. 

(c) The Company represents that this Agreement has been approved by the Company’s Board of Directors. 

12. Severability. The invalidity or unenforceability of any provision hereof shall in no way affect the validity or enforceability
of any other provision hereof. Without limiting the generality of the foregoing, this Agreement is intended to confer upon Indemnitee indemnification rights to the fullest extent permitted by applicable laws. In the event any provision hereof
conflicts with any applicable law, such provision shall be deemed modified, consistent with the aforementioned intent, to the extent necessary to resolve such conflict. 
 13. Modification and Waiver. No supplement, modification, termination or amendment of this Agreement shall be binding unless executed in writing by both of the parties hereto. No waiver of any of
the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions hereof (whether or not similar) nor shall such waiver constitute a continuing waiver. 

14. Notice By Indemnitee. To the extent permitted by applicable laws, rules, regulations and orders of any governmental body,
Indemnitee agrees promptly to notify the Company in writing upon being served with or otherwise receiving any summons, citation, subpoena, complaint, indictment, information or other document relating to any Proceeding or matter which may be subject
to indemnification covered hereunder. The failure to so notify the Company shall not relieve the Company of any obligation which it may have to Indemnitee under this Agreement or otherwise unless and only to the extent that such failure or delay
materially prejudices the Company; provided, however, that such failure to provide notice will not be deemed to materially prejudice the rights of the Company where Indemnitee is prohibited by any applicable laws, rules, regulations
and orders of any governmental body from complying with the notification procedures contained in this Section 14.(a. 
 15. Confidentiality. From the date hereof, neither the Company or the Indemnitee shall issue, or cause or permit the publication by any of their respective affiliates or representatives of, any
press release or other announcement with respect to this Agreement unless such party has provided such press release or other announcement to the other party hereto and provided such other party the opportunity to review and shall not include any
information which shall have been objected to by such other party. Nothing herein shall be deemed to limit or restrict the submission and/or disclosure of this Agreement or any payments hereunder to any governmental body or as otherwise required by
any applicable law, rule, regulation or order of any governmental body. 

  
 14 

 16. Notices. Unless otherwise provided herein, any notice required or permitted under
this Agreement shall be deemed effective upon the earlier of (a) actual receipt, or (b) (i) one (1) business day after the date of delivery by confirmed facsimile transmission, (ii) one (1) business day after the
business day of deposit with a nationally recognized overnight courier service for next day delivery, freight prepaid, or (iii) three (3) business days after deposit with the United States Post Office for delivery by registered or
certified mail, postage prepaid. Any such notice shall be in writing and shall be addressed to the party to be notified at the address indicated for such party indicated on the signature pages or exhibits hereto, as otherwise set forth in this
Section 17, or at such other address as such party may designate by ten (10) days’ advance written notice to the other parties. All communications shall be sent: 

 

	 	(a)	To Indemnitee at the address set forth below Indemnitee’s signature hereto; 

 

	 	(b)	To the Company at: 

 Broadview
Networks Holdings, Inc. 
 800 Westchester Avenue 

5th Floor, Suite N501 
 Rye Brook, NY 10573 
 Facsimile: (914) 742-5818 

Attention: General Counsel; 
 With a copy (which shall not constitute notice) to: 
 Willkie Farr &
Gallagher LLP 
 787 Seventh Avenue 
 New York, NY 10019 
 Facsimile: (212) 728-9536 

Attention: Jeffrey R. Poss; 

or to such other address as may have been furnished to Indemnitee by the Company or to the Company by Indemnitee, as the case may be. 

17. Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of
which together shall constitute one and the same Agreement. This Agreement may also be executed and delivered by facsimile or electronic signature. 
 18. Headings. The headings of the sections and subsections of this Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the
construction thereof. 

  
 15 

 19. Governing Law and Consent to Jurisdiction. This Agreement and the legal relations
among the parties shall be governed by, and construed and enforced in accordance with, the laws of the State of Delaware, without regard to its conflict of laws rules. The Company and Indemnitee hereby irrevocably and unconditionally (i) agree
that any action or proceeding arising out of or in connection with this Agreement shall be brought only in the Chancery Court of the State of Delaware (the “Delaware Court”), and not in any other state or federal court in the United
States of America or any court in any other country, (ii) consent to submit to the exclusive jurisdiction of the Delaware Court for purposes of any action or proceeding arising out of or in connection with this Agreement, (iii) consent to
service of any summons and complaint and any other process that may be served in any action, suit, or proceeding arising out of or relating to this Agreement by mailing by certified or registered mail, with postage prepaid, copies of such process to
such party at its address for receiving notice pursuant to Section 17 hereof, (iv) waive any objection to the laying of venue of any such action or proceeding in the Delaware Court, and (v) waive, and agree not to plead or to
make, any claim that any such action or proceeding brought in the Delaware Court has been brought in an improper or inconvenient forum. Nothing herein shall preclude service of process by any other means permitted by applicable law. 

20. Assignment. Neither party hereto may assign this Agreement without the prior written consent of the other party;
provided, however, that the Company shall assign this Agreement to its successor upon a Change in Control in which the Company ceases to exist or sells all or substantially all of its assets. 

21. Construction. The parties acknowledge that both parties have contributed to the drafting of this Agreement and, therefore,
waive the application of any law, regulation, holding or rule of construction providing that ambiguities in an agreement or other document will be construed against the party drafting such agreement or document. 

[signature page follows] 

  
 16 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above
written. 
  

			
	INDEMNITEE:
		
	Signature:	 	 
		
	Name:	 	
	
	Address (for notices):

 COMPANY: 
  

			
	BROADVIEW NETWORKS HOLDINGS, INC.
		
	By:	 	 
		
	Name:	 	
		
	Title:	 	

 Address (for notices): 
 800 th Westchester Avenue 
 5th Floor, Suite N501 

Rye Brook, NY 10573 
 Facsimile:
(914) 742-5818 
 Attention: General Counsel 
 [Signature Page to Indemnification Agreement] 

 Exhibit A 

UNDERTAKING 

Reference is hereby made to that certain Indemnification Agreement, by and between Broadview Networks Holdings, Inc., a Delaware
corporation (the “Company”), and the undersigned, dated as of [•] (the “Indemnification Agreement”). All initially capitalized terms used herein and not otherwise defined herein shall have the meanings set
forth in the Indemnification Agreement. 
 Pursuant to the Indemnification Agreement, I, 

                         
                           , agree to reimburse the Company for all Expenses paid to me or on my behalf by the
Company in connection with my involvement in [name or description of proceeding or proceedings], in the event, and to the extent, that it shall ultimately be determined (pursuant to the terms of the Indemnification Agreement) that I am not
entitled to be indemnified by the Company for such Expenses. 
  

			
	Signature	 	 
		
	Typed Name	 	 

                    ) ss: 

Before me                     , on this day
personally appeared                     , known to me to be the person whose name is subscribed to the foregoing instrument, and who, after being
duly sworn, stated that the contents of said instrument is to the best of his/her knowledge and belief true and correct and who acknowledged that he/she executed the same for the purpose and consideration therein expressed. 

GIVEN under my hand and official seal at
                    , this                     
day of                     , 20        . 

 

	
	 
	 Notary Public

 My commission expires:

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