Document:

EX-10.5

 Exhibit 10.5 

KLOX TECHNOLOGIES INC. 
 [Name of Officer
or Director] 
 [Address] 
 INDEMNIFICATION
AGREEMENT 
 In consideration of your service or continued service in any of the following capacities: 

 

	 	•	 	as a director or officer of KLOX Technologies Inc. (the “Corporation”), or 

  

	 	•	 	as a director or officer (or another position of similar capacity) of any other entity (an “Other Entity”) to the extent that you are serving in such capacity at the request of the Corporation,

 such capacities referred to herein as the “Indemnified Capacities”, the Corporation, with full power and authority to
grant an indemnity valid and binding upon and enforceable against it in accordance with the terms hereinafter contained, hereby agrees to indemnify and hold you harmless to the full extent permitted by law, except as otherwise contemplated by this
agreement. 
 ARTICLE 1 

SCOPE OF INDEMNITY 
  

	1.1	The Corporation shall indemnify and hold you harmless for the full amount of any Cost reasonably incurred by you in connection with any Proceeding that may be made, asserted or threatened against or affecting you or in
which you are required by law to participate or in which you participate at the request of the Corporation or in which you choose to participate (based on your reasonable belief that you may be subsequently named in that Proceeding or any Proceeding
related to it) if it relates to, arises from or is based on your service in an Indemnified Capacity, in any case whether or not you have been named, so long as you acted in good faith and in a manner you reasonably believed to be in or not opposed
to the best interests of the Corporation, and with respect to any criminal Proceeding, had no reasonable cause to believe your conduct was unlawful (an “Indemnified Claim”). The Corporation shall also indemnify and hold you harmless
for the full amount of any other Cost reasonably incurred by you or to which you are subject if it relates to an Indemnified Claim. Any amount that the Corporation is obliged to pay pursuant hereto is referred to as an “Indemnified
Amount”. 

	1.2	Except to the extent such Costs are paid by an Other Entity, the Corporation shall pay or reimburse you for reasonable travel, lodging or accommodation costs, charges or expenses paid or incurred by you in carrying out
your duties in any Indemnified Capacity, whether or not incurred in connection with any Proceeding and, if you are (i) no longer employed by the Corporation or any Other Entity, (ii) no longer acting in an Indemnified Capacity and
(iii) required to testify, prepare for, provide evidence in or instruct and receive the advice of counsel in connection with any Proceeding, payment for doing so at a rate of $200 per hour. 

 

	1.3	The Corporation agrees to pay the reasonable fees of the Independent Counsel referred to above and to fully indemnify such counsel against any and all expenses, claims, liabilities and damages arising out of or relating
to this agreement or its engagement pursuant hereto 

  

	1.4	For the purposes of this agreement: 

  

	 	(a)	“Cost” means all injury, liability, loss, damage, charge, cost, expense, fine or settlement amount whatsoever which you may reasonably incur, suffer or be required to pay (including, without limitation,
all legal and other professional fees as well as all out-of-pocket expenses for attending discoveries, trials, hearings and meetings); 

  

	 	(b)	“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 Corporation or you in any matter material to either such party (other than with respect to matters concerning you 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 Corporation or you in an action to determine your rights under this agreement; and 

  

	 	(c)	“Proceeding” means any claim, action, suit, application, litigation, charge, complaint, prosecution, assessment, reassessment, investigation, inquiry, hearing or proceeding of any nature or kind
whatsoever, whether civil, criminal, administrative, investigative or otherwise. 

 ARTICLE 2 

PROCEDURE FOR MAKING A CLAIM 

If you wish to make any claim for payment of an Indemnified Amount to you by the Corporation hereunder, you shall deliver a written notice of
such claim for payment to the Corporation, together with reasonable details and supporting documentation with respect to such claim (such written notice referred to herein as an “Indemnification Notice”). The Corporation shall pay
all Indemnified Amounts arising in connection with the matters described in the Indemnification Notice to you (or as you may direct) no later than 30 days after the date on which you deliver any invoice or account on account of any such Indemnified
Amount to the Corporation. 

  
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 ARTICLE 3 

NOTICE OF CLAIM 
  

	3.1	Notice to Corporation; Procedures for Indemnification 

  

	 	(a)	If you become aware of any Indemnified Claim or reasonably expect that an Indemnified Claim will be made, you will give the Corporation notice in writing promptly of such Indemnified Claim or potential Indemnified
Claim. Failure by you to notify the Corporation of any Indemnified Claim shall not relieve the Corporation from liability under this agreement except to the extent that the failure materially prejudices the Corporation or any Other Entity.

  

	 	(b)	Upon written request by you for indemnification pursuant to Section 3.1(a) hereof, a determination with respect to your entitlement thereto shall be made in the specific case by one of the following four methods,
which shall be at the election of the board of directors of the Corporation: (i) unless an Acquisition Transaction has occurred: (1) by a majority vote of the Disinterested Directors, even though less than a quorum, (2) by a committee
of Disinterested Directors designated by a majority vote of the Disinterested Directors, even though less than a quorum, (3) if there are no Disinterested Directors or if the Disinterested Directors so direct, by Independent Counsel in a
written opinion to the board of directors of the Corporation, a copy of which shall be delivered to you, or (4) if so directed by the board of directors of the Corporation, by the stockholders of the Corporation; and (ii) if an Acquisition
Transaction has occurred, then by Independent Counsel in a written opinion to the board of directors of the Corporation, a copy of which shall be delivered to you. For purposes hereof, “Disinterested Directors” are those members of
the board of directors of the Corporation who are not parties to the action, suit or proceeding in respect of which indemnification is sought by you. 

  

	3.2	Notice to Director or Officer 

 If the Corporation becomes aware of any
Indemnified Claim or reasonably expects that an Indemnified Claim will be made, the Corporation will give you notice in writing promptly of such Indemnified Claim or potential Indemnified Claim. 

ARTICLE 4 
 DEFENCE
OF ACTION 
  

	4.1	By the Corporation 

 The Corporation shall at its expense and in a timely manner
contest and defend against any Indemnified Claim by retaining counsel who is reasonably satisfactory to you and take all such steps as may be necessary or proper therein to prevent the resolution thereof in a manner adverse to you, including the
taking of such appeals as counsel to the Corporation may advise are 

  
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likely to succeed in the circumstances. In this regard, the Corporation will keep you fully informed on a timely basis of all steps and developments relating to the foregoing. The Corporation
shall not agree to any settlement or compromise on your behalf without your written consent, which consent may not be unreasonably withheld or delayed. 
  

	4.2	By a Director or Officer 

 Notwithstanding Section 4.1 hereof, you will be
entitled to assume carriage of your own defence relating to any Indemnified Claim (and for greater certainty, the full amount of reasonable expense you incur in connection with such defence shall be an Indemnified Amount) if: 

 

	 	(a)	the Corporation does not in a timely manner: 

  

	 	(i)	undertake appropriate action in respect to a written notice delivered pursuant to Article 3; or 

  

	 	(ii)	take such legal steps as may be from time to time as, in the reasonable opinion of your counsel may be required to properly defend against any such claim; or 

 

	 	(b)	in the reasonable opinion of your counsel, your interests in respect of the relevant matter may conflict with the interests of the Corporation in respect of such matter or with the interests of any other director or
officer of the Corporation in respect of whose defence the Corporation has carriage. 

 ARTICLE 5 

FORMER DIRECTORS AND OFFICERS 
  

	5.1	You shall continue to be entitled to indemnification hereunder, even though you may no longer be acting in an Indemnified Capacity. 

  

	5.2	You and your advisors shall at all times be entitled to review during regular business hours all documents, records and other information with respect to the Corporation or any entity in which you acted in an
Indemnified Capacity which are under the Corporation’s control or may reasonably be obtained by the Corporation and which may be reasonably necessary in order to defend yourself against any Proceeding that relates to, arises from or is based on
your service in an Indemnified Capacity, provided that you shall maintain all such information, to the extent it is confidential, in strictest confidence except to the extent necessary for your defence or participation in any Proceeding. This
paragraph 5(b) shall not apply where the Proceeding is initiated against you by the Corporation or any of its subsidiaries; provided this sentence shall in no way limit any production or disclosure to which you may otherwise be entitled.

  
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 ARTICLE 6 

NO OBLIGATION TO PAY INDEMNITIES PROHIBITED BY LAW 
  

	6.1	The Corporation shall have no obligation to pay any Indemnified Amount hereunder if the payment of such amount is determined by a court of competent jurisdiction to be prohibited under the provisions of the law
governing the Corporation. 

  

	6.2	If the Corporation pays an Indemnified Amount that it is prohibited from paying by law, then such amount shall be deemed to have been a loan by the Corporation to you and upon written request by the Corporation, you
shall repay such amounts to the Corporation. 

 ARTICLE 7 

COURT APPROVAL 
  

	7.1	If the Corporation is required to obtain the approval of the court in order to pay any Indemnified Amount, the Corporation shall seek, and use all reasonable efforts to obtain, such approval forthwith upon demand by you
for indemnification. 

  

	7.2	It is the intention of the Corporation to advance amounts under this indemnity prior to the resolution of the merits of any Proceeding, including, without limitation, in circumstances in which any shareholder causes the
Corporation to commence any action against you. 

  

	7.3	In the event of a dispute under this agreement, the Corporation shall apply to the court to approve a payment under this agreement forthwith upon receiving a written request from you to do so. 

ARTICLE 8 

INSURANCE 
  

	8.1	The Corporation shall pay all premiums payable under, and will advise you promptly after it becomes aware of any material change in or withdrawal or lapse in, coverage of any insurance policy of the Corporation’s
existing directors and officers, details of any claim made under such a policy and the triggering of any extended reporting period applicable to any such policy. 

  

	8.2	In the event any insurance policy is discontinued for any reason, or in the event of any merger, amalgamation, take-over bid, arrangement, recapitalization, consolidation, liquidation, wind-up, dissolution, share
exchange, material sale of assets or similar transaction in respect of the Corporation (an “Acquisition Transaction”), the Corporation shall purchase, maintain and administer, or cause to be purchased, maintained and administered for a
period of six years after such discontinuance or Acquisition Transaction, as the case may be, insurance for your benefit on a “run-off” basis, on such terms as the Corporation then maintains in existence for its directors and officers, to
the fullest extent permitted by law. 

  
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	8.3	Following your ceasing to be a director or officer of the Corporation, the Corporation shall continue to purchase and maintain directors’ and officers’ liability insurance, for your benefit and your heirs and
legal representatives, such that your insurance coverage is, at all times, the same as any insurance coverage the Corporation purchases and maintains for the benefit of its then current directors and officers, from time to time. 

 

	8.4	If for any reason whatsoever, any directors’ and officer’s liability insurer asserts that you are subject to a deductible under any existing or future directors’ and officers’ liability insurance
purchased or maintained by the Corporation for your benefit and the benefit of your heirs and legal representatives, the Corporation shall pay the deductible for and on your behalf. 

ARTICLE 9 

ENUREMENT 
 This indemnity
and the benefit of the obligations of the undersigned hereunder shall inure to the benefit of you, your heirs, estate, executors and administrators and shall be binding upon the Corporation’s successors and assigns. 

ARTICLE 10 

AMENDMENTS 
 No amendment,
supplement, modification or waiver or termination of this agreement, and unless otherwise specified, no consent or approval, is binding unless executed in writing. Your rights under this agreement shall not be prejudiced or impaired by permitting or
consenting to any assignment in bankruptcy, receivership, insolvency or any other creditors’ proceedings of or against the Corporation or by the winding-up or dissolution of the Corporation. 

ARTICLE 11 

PREVIOUS INDEMNITIES 
 This
indemnity supersedes and replaces all prior indemnities entered into between the Corporation or any Other Entity and you with respect to the subject matter of this indemnity, provided however, that nothing in this provision shall operate to restrict
in any way any indemnity to which you are entitled under the Corporation’s by-laws or otherwise at law. 
 ARTICLE 12 

JURISDICTION 
 The courts
of the Province of Québec, Canada shall have exclusive jurisdiction with respect to all matters dealing with the enforcement of or otherwise arising out of or in connection with this indemnity, and by accepting and relying hereon you
expressly and irrevocably submit and attorn to the exclusive jurisdiction of, and irrevocably agree to be bound by a judgment of, any such court relating to all such matters. 

  
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 ARTICLE 13 

FURTHER ASSURANCES 
 You
and the Corporation shall, with reasonable diligence, do all things and execute and deliver all such further documents or instruments as may be necessary or desirable for the purpose of assuring and conferring on you the rights created or intended
by this agreement and giving effect to and carrying out intention or facilitating the performance of the terms of this agreement. 

ARTICLE 14 

GOVERNING LAW 
 This
indemnity shall in all respects be governed by and construed in accordance with the laws of the Province of Québec, Canada, and all disputes, claims or matters arising out of or under it shall be governed by such laws. 

DATED this [—]th day of [—], 2015. 
  

			
	KLOX TECHNOLOGIES INC.
		
		 	 
	Per :	 	 Name :
 Title :

 The undersigned accepts the foregoing indemnity and agrees to comply with the terms and conditions set out above. 

 

			
	
		
		 	 
		 	[NAME OF DIRECTOR/OFFICER]

  
 7EX-10.1

 Exhibit 10.1 

TSR PERFORMANCE STOCK UNIT GRANT AGREEMENT 

*  *  *  *  * 

Participant: [                    ] 

Grant Date: [                    ] 

 

			
	2015 Target Number of Performance Stock Units (the “2015 Target PSUs”)		[                    ]
		
	2016 Target Number of Performance Stock Units (the “2016 Target PSUs”)		[                    ]
		
	2017 Target Number of Performance Stock Units (the “2017 Target PSUs”)		[                    ]

 Maximum Number of Shares of Common Stock that may be issued pursuant to this Agreement (the “Maximum
Shares”): [                    ] 

*  *  *  *  * 

THIS TSR PERFORMANCE STOCK UNIT GRANT AGREEMENT (this “Agreement”), dated as of the Grant Date specified above, is entered
into by and between Inteliquent, Inc., a corporation organized in the State of Delaware (the “Company”), and the Participant specified above, pursuant to the Neutral Tandem, Inc. (n/k/a Inteliquent, Inc.) Amended and Restated 2007
Equity Incentive Plan, as in effect and as amended from time to time (the “Plan”), which is administered by the Committee. 
 WHEREAS, it
has been determined under the Plan that it would be in the best interests of the Company to grant Performance Stock Units (“PSUs”) provided herein to the Participant, including the 2015 Target PSUs, the 2016 Target PSUs and 2017
Target PSUs (collectively, the “Target PSUs”). 
 NOW, THEREFORE, in consideration of the mutual covenants and promises hereinafter set
forth and for other good and valuable consideration, the parties hereto hereby mutually covenant and agree as follows: 
 1.
Incorporation By Reference; Plan Document Receipt. This Agreement is subject in all respects to the terms and provisions of the Plan (including, without limitation, any amendments thereto adopted at any time and from time to time
unless such amendments are 

 
expressly intended not to apply to the PSUs provided hereunder), all of which terms and provisions are made a part of and incorporated in this Agreement as if they were each expressly set forth
herein. The definitions in the Plan will apply to any term not defined in this Agreement. The Participant hereby acknowledges receipt of a copy of the Plan and that the Participant has read the Plan carefully and fully understands its content. In
the event of any conflict between the terms of this Agreement and the terms of the Plan, the terms of the Plan shall control. 
 2.
Grant of Performance Stock Unit. The Company hereby grants to the Participant, as of the Grant Date specified above, the number of Target PSUs specified above, with the actual number of shares of Common Stock to be issued and delivered
pursuant to this grant contingent upon satisfaction of the vesting and performance conditions described in Section 3 hereof, subject to Sections 4 through 6, which may not exceed the Maximum Shares. Such grant is intended
to constitute a Performance Award for purposes of the Plan. Except as otherwise provided by the Plan, the Participant agrees and understands that nothing contained in this Agreement provides, or is intended to provide, the Participant with any
protection against potential future dilution of the Participant’s interest in the Company for any reason, and no adjustments shall be made for dividends in cash or other property, distributions or other rights in respect of the shares of Common
Stock underlying the PSUs, except as otherwise specifically provided for in the Plan or this Agreement. 
 3. Performance Goals
and Vesting of PSUs 
 (a) The “Performance Period” for the respective PSUs granted hereunder shall
be as follows: (i) for the 2015 Target PSUs: a one-year period beginning on January 1, 2015 and ending on December 31, 2015; (ii) for the 2016 Target PSUs: a two-year period beginning on January 1, 2015 and ending on
December 31, 2016; and (iii) for the 2017 Target PSUs: a three-year period beginning on January 1, 2015 and ending on December 31, 2017. 

(b) PSUs shall vest following the conclusion of the applicable Performance Period based on the Company’s total shareholder
return (“TSR Ranking” or the “Performance Goal”) percentile rank, relative to the TSR of each company in the S&P 500 Index (“S&P 500”) and each company in the S&P Small Cap 600
Telecommunications Services Index (“S&P 600”) (collectively, the “Comparator Group”) computed during the applicable Performance Period with the company having the lowest TSR given a rank of 0% and the company
with the highest TSR given a rank of 100%. After the Company’s relative ranking against each company in the applicable index has been determined during a Performance Period, the Company’s relative ranking against each company in the
S&P 500 shall be weighted as two thirds (2/3) of the Comparator Group TSR and the Company’s relative ranking against each company in the S&P 600 shall be weighted as one third (1/3) of the Comparator Group TSR in order to
determine the Company’s weighted average percentile rank, which shall constitute the Company’s TSR Ranking for purposes of this Agreement. The number of PSUs that become vested based upon the level of satisfaction of the Performance Goal
are referred to herein as “Vested PSUs.” 

  
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 (c) For purposes of this Agreement, “TSR” for the Company shall
mean the sum of (i) the cumulative dividends paid during the applicable Performance Period plus (ii) the cumulative change in stock price from the beginning to the end of the applicable Performance Period expressed as a percentage return
over the stock price at the beginning of such Performance Period. “TSR” for the Comparator Group shall mean the sum of (i) the cumulative dividends paid during the applicable Performance Period for each company in the
Comparator Group plus (ii) the cumulative change in stock price from the beginning to the end of the applicable Performance Period of each company in the Comparator Group expressed as a percentage return over the applicable stock price at the
beginning of such Performance Period, as determined by the Committee in its reasonable discretion. 
 (i) When computing TSR
for the Company and the Comparator Group companies for the first Performance Period, the average stock price at the beginning of the Performance Period will be the average closing stock price for the Company and each company within the Comparator
Group over the thirty (30) day period between June 1 and June 30 of 2014, and the average stock price at the end of the Performance Period will be the average closing stock price over the thirty (30) days in the month of December
2015. TSR will also include the total cumulative dividends paid during the first Performance Period for the Company and each company in the Comparator Group. 

(ii) When computing TSR for the Company and the Comparator Group companies for the second and third Performance Periods, the
average stock price at the beginning of the Performance Period will be the average closing stock price for the Company and each company within the Comparator Group over the thirty (30) days in the last month of the calendar year immediately
preceding the year in which the Performance Period occurs, and the average stock price at the end of the Performance Period will be the average closing stock price over the thirty (30) days in the last month of the Performance Period. TSR will
also include the total cumulative dividends paid during the applicable second or third Performance Period for the Company and each company in the Comparator Group. 

(iii) If the stock of a company within the Comparator Group ceases to trade on a major exchange during a Performance Period,
the TSR for that company will be calculated on the date the stock of that company ceases to trade on such exchange. 
 (d)
The Committee shall certify the level of TSR Ranking following the end of the Performance Period and prior to settlement of the Vested PSUs. No PSUs will be considered Vested PSUs if the Company’s TSR Ranking during the Performance Period is
below the 25th percentile. The Participant must remain continuously employed by the Company or any of its Subsidiaries through the end of the applicable Performance Period to be eligible to fully vest in and receive any payment of the Vested PSUs,
except as otherwise specifically provided for in the Plan, this Agreement or by the Committee. Notwithstanding the forgoing, the Committee may, in its discretion, adjust the level at 

  
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which the Performance Goal is satisfied based upon changes in accounting methods, corporate transactions (including, without limitation, dispositions and acquisitions) or any other similar type
events or circumstances. 
 (e) The amount of Vested PSUs, if any, for a Performance Period shall be determined in accordance
with the chart below corresponding to the Company’s TSR Ranking (the “Vested PSU Payout Percent”). The Vested PSU Payout Percent shall be multiplied by the Target PSUs set forth in this Agreement for a particular Performance
Period in determining the number of Vested PSUs. Linear interpolation shall be used to determine Vested PSUs earned between goal points listed in the chart below rounded to the nearest whole number of PSUs. 

 

					
	 Goal

Performance
	  	 Company’s TSR Ranking
	  	 Vested PSUs
Payout Percent

		  	Lower than 25th Percentile	  	0%
	 Threshold

Performance
	  	At least 25th Percentile - and less than 30th Percentile	  	50%
		  	At least 30th Percentile - and less than 35th Percentile	  	60%
		  	At least 35th Percentile - and less than 40th Percentile	  	70%
		  	At least 40th Percentile - and less than 45th Percentile	  	80%
		  	At least 45th Percentile - and less than 50th Percentile	  	90%
	 Target

Performance
	  	At least 50th Percentile - and less than 55th Percentile	  	100%
		  	At least 55th Percentile - and less than 60th Percentile	  	110%
		  	At least 60th Percentile - and less than 65th Percentile	  	120%
		  	At least 65th Percentile - and less than 70th Percentile	  	130%
		  	At least 70th Percentile - and less than 75th Percentile	  	140%
	 Outstanding

Performance
	  	At least 75th Percentile - and less than 90th Percentile	  	150%
	 Maximum

Performance
	  	At least 90th Percentile and Higher	  	200%

 For Example, at “Target Performance” percentile rank, 100% of the Target PSUs granted to the
Participant for a particular Performance Period under this Agreement would become Vested PSUs. At the “Maximum Performance” percentile rank, 200% of the Target PSUs granted to the Participant under this Agreement would become Vested PSUs.

 4. Termination without Cause Prior to Vesting. The Participant’s right to vest in any of the PSUs shall terminate
in full and be immediately forfeited upon the Participant’s 

  
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termination of employment for any reason. Notwithstanding the foregoing, unless the Committee elects otherwise, if the Participant’s employment with the Company is terminated without Cause
after 50% of a Performance Period has past, the Participant’s number of Target PSUs for such Performance Period shall be adjusted by multiplying the number of such Target PSUs by a fraction, the numerator of which is the number of days of
service from the Grant Date through the date of such termination without Cause, and the denominator of which is the total number of days in the applicable Performance Period. Such adjusted number of Target PSUs shall remain outstanding and will
become Vested PSUs subject to the level of satisfaction of the Performance Goals for such Performance Period, as determined in accordance with this Section 4. The number of Vested PSUs to be settled (if any) shall then be calculated by
multiplying such adjusted number of Target PSUs by the Vested PSUs Payout Percentage determined following completion of the Performance Period in accordance with Section 3 hereof. 

5. Change in Control Prior to Vesting. The Participant’s right to vest in any PSUs following a Change in Control shall
depend on (i) whether the PSUs are assumed, converted or replaced by the continuing entity, and (ii) the timing of the Change in Control within the Performance Period, in each case as follows: 

(a) In the event that the PSUs are not assumed, converted, or replaced by the continuing entity following the Change in
Control (as determined by the Committee), the Participant’s number of Target PSUs shall be adjusted by multiplying the number of such Target PSUs by a fraction, the numerator of which is the number of days from the commencement of each
Performance Period through the date of such Change in Control, and the denominator of which is the total number of days in each Performance Period. The number of Vested PSUs to be settled (if any) shall then be calculated by multiplying such
adjusted number of Target PSUs by the Vested PSUs Payout Percentage determined as of the date of such Change in Control in accordance with Section 3 hereof. 

(b) In the event that the PSUs are assumed, converted, or replaced by the continuing entity following the Change in
Control (as determined by the Committee), the number of Target PSUs that become Vested PSUs shall be determined following the conclusion of the applicable Performance Period in accordance with the level at which the Performance Goals are satisfied,
determined in accordance with Section 3, subject to the terms of this Agreement. 
 6. Rights as a Stockholder. The
Participant shall have no rights as a stockholder (including having no right to vote or to receive dividends) with respect to the Common Stock subject to the PSUs prior to the date the Common Stock is delivered to the Participant on account of the
Vested PSUs in accordance with the settlement provisions of Section 7 of this Agreement. Notwithstanding the foregoing, if any dividends are paid with respect to the Common Stock of the Company during a Performance Period, additional
shares of Common Stock will be issued to the Participant at the same time that the Vested PSUs are settled in Common Stock in accordance with the terms of this Agreement. The amount of such additional shares of Common Stock will be determined by
multiplying (i) the total amount of dividends actually paid on a share of Common Stock prior to the date that the Vested PSUs are settled in accordance with the terms of this Agreement, by (ii) the number of Vested PSU, and then dividing
such total by the Fair Market Value of the Common Stock on the last day of the applicable Performance Period, as determined by the Committee. 

  
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 7. Settlement of Vested PSUs. Vested PSUs, rounded to the nearest whole unit, shall
be delivered to Participant in the form of an equal number of shares of Common Stock, no later than March 15 of the calendar year following the calendar year in which the PSUs become Vested PSUs in accordance with the terms of this Agreement.
PSUs that do not become Vested PSUs (a) as of the last day of the applicable Performance Period or (b) as of the Participant’s termination of employment (except as specifically provided herein) shall be immediately forfeited and the
Participant shall have no further rights thereto. 
 8. Non-Transferability. Unless the Committee determines otherwise, no
portion of the PSUs may be sold, assigned, transferred, encumbered, hypothecated or pledged by the Participant, other than to the Company as a result of forfeiture of the PSUs as provided herein, unless and until settlement is made in respect of
vested PSUs in accordance with the provisions hereof and the Participant has become the holder of record of the vested shares of Common Stock issuable hereunder. 

9. Governing Law. All questions concerning the construction, validity and interpretation of this Agreement shall be governed by,
and construed in accordance with, the laws of the State of Delaware, without regard to the choice of law principles thereof. 
 10.
Securities Representations. This Agreement is being entered into by the Company in reliance upon the following express representations and warranties of the Participant. The Participant hereby acknowledges, represents and warrants
that: 
 (a) The Participant has been advised that the Participant may be an “affiliate” within the meaning of Rule
144 under the Securities Act of 1933, as amended (the “Securities Act”) and in this connection the Company is relying in part on the Participant’s representations set forth in this Section 10. 

(b) If the Participant is deemed an affiliate within the meaning of Rule 144 of the Securities Act, the shares of Common Stock
issuable hereunder must be held indefinitely unless an exemption from any applicable resale restrictions is available or the Company files an additional registration statement (or a “re-offer prospectus”) with regard to such shares of
Common Stock and the Company is under no obligation to register such shares of Common Stock (or to file a “re-offer prospectus”). 

(c) If the Participant is deemed an affiliate within the meaning of Rule 144 of the Securities Act, the Participant understands
that (i) the exemption from registration under Rule 144 will not be available unless (A) a public trading market then exists for the Common Stock of the Company, (B) adequate information concerning the Company is then available to the
public, and (C) other terms and conditions of Rule 144 or any exemption therefrom are complied with, and (ii) any sale of the shares of Common Stock issuable hereunder may be made only in limited amounts in accordance with the terms and
conditions of Rule 144 or any exemption therefrom. 

  
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 11. Withholding of Tax. Unless a Participant elects otherwise at least 15 days in
advance of the date any shares of Common Stock are delivered to the Participant, the Company shall have the power and the right to deduct or withhold a sufficient number of shares of Common Stock in order to satisfy any federal, state, local and
foreign taxes of any kind (including, but not limited to, the Participant’s FICA and SDI obligations). The Company will determine the precise amount to withhold based upon the market value of the Shares on the date of vesting (i.e., closing
price on the business day prior to the date of vesting) at required withholding tax rates, which the Company, in its sole discretion, deems necessary to be withheld or remitted to comply with the Code and/or any other applicable law, rule or
regulation with respect to the PSUs. 
 12. Entire Agreement; Amendment. This Agreement, together with the Plan, contains the
entire agreement between the parties hereto with respect to the subject matter contained herein, and supersedes all prior agreements or prior understandings, whether written or oral, between the parties relating to such subject matter. The Committee
shall have the right, in its sole discretion, to modify or amend this Agreement from time to time in accordance with and as provided in the Plan. This Agreement may also be modified or amended by a writing signed by both the Company and the
Participant. The Company shall give written notice to the Participant of any such modification or amendment of this Agreement as soon as practicable after the adoption thereof. 

13. Notices. Any notice hereunder by the Participant shall be given to the Company in writing and such notice shall be deemed
duly given only upon receipt thereof by the General Counsel, the Senior Vice President of Human Resources, or any other person designated by the Committee. Any notice hereunder by the Company shall be given to the Participant in writing and such
notice shall be deemed duly given upon receipt at such address as the Participant has on file with the Company. 
 14. No Right to
Service. Nothing in this Agreement modifies in any way the right of the Company or its Subsidiaries to terminate the Participant’s employment at any time, for any reason and with or without Cause. 

15. Transfer of Personal Data. The Participant authorizes and consents to the transmission by the Company (or any Subsidiary) of
any personal data information related to the PSUs awarded under this Agreement for legitimate business purposes. This authorization and consent is freely given by the Participant. 

16. Compliance with Laws. The grant of PSUs and the issuance of shares of Common Stock hereunder shall be subject to, and shall
comply with, any applicable requirements of any foreign and U.S. federal and state securities laws, rules and regulations (including, without limitation, the provisions of the Securities Act, the Exchange Act and in each case any respective rules
and regulations promulgated thereunder) and any other law, rule regulation or exchange requirement applicable thereto. The Company shall not be obligated to issue the PSUs or any shares of Common Stock pursuant to this Agreement if any such issuance
would violate any such requirements. As a condition to the settlement of the PSUs, the Company may require the Participant to satisfy any qualifications that may be necessary or appropriate to evidence compliance with any applicable law or
regulation. 

  
 7 

 17. Section 409A. Notwithstanding anything herein or in the Plan to the
contrary, the PSUs are intended to be exempt from the applicable requirements of Section 409A of the Code and shall be limited, construed and interpreted in accordance with such intent as is reasonable under the circumstances. 

18. Certain Adjustments. The Participant’s rights with respect to the PSUs shall in all events be subject to (i) any
right that the Company may have under any Company recoupment policy or other similar agreement or arrangement with a Participant, or (ii) any right or obligation that the Company may have regarding the clawback of “incentive-based
compensation” under Section 10D of the Exchange Act and any applicable rules and regulations promulgated thereunder from time to time by the U.S. Securities and Exchange Commission. 

19. Binding Agreement; Assignment. This Agreement shall inure to the benefit of, be binding upon, and be enforceable by the
Company and its successors and assigns. The Participant shall not assign (except in accordance with Section 8 hereof) any part of this Agreement without the prior express written consent of the Company. 

20. Headings. The titles and headings of the various sections of this Agreement have been inserted for convenience of reference
only and shall not be deemed to be a part of this Agreement. 
 21. Counterparts. This Agreement may be executed in one or
more counterparts, each of which shall be deemed to be an original, but all of which shall constitute one and the same instrument. 
 22.
Further Assurances. Each party hereto shall do and perform (or shall cause to be done and performed) all such further acts and shall execute and deliver all such other agreements, certificates, instruments and documents as either party
hereto reasonably may request in order to carry out the intent and accomplish the purposes of this Agreement and the Plan and the consummation of the transactions contemplated thereunder. 

23. Severability. The invalidity or unenforceability of any provisions of this Agreement in any jurisdiction shall not affect
the validity, legality or enforceability of the remainder of this Agreement in such jurisdiction or the validity, legality or enforceability of any provision of this Agreement in any other jurisdiction, it being intended that all rights and
obligations of the parties hereunder shall be enforceable to the fullest extent permitted by law. 
 24. Acquired Rights. The
Participant acknowledges and agrees that: (a) the Company may terminate or amend the Plan at any time, subject to the limitations contained in the Plan or this Agreement; (b) the grant of PSUs made under this Agreement is completely
independent of any other award or grant and is made at the sole discretion of the Company; (c) no past grants or awards (including, without limitation, the PSUs granted hereunder) give the Participant any right to any grants or awards in the
future whatsoever; and (d) any benefits granted under this Agreement are not part of the Participant’s ordinary salary, and shall not be considered as part of such salary in the event of severance, redundancy or resignation. 

*  *  *  *  * 

  
 8 

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

 

			
	INTELIQUENT, INC.
		
	By:		  

		
	Name:		  

		
	Title:		  

	
	PARTICIPANT
		
	Name:

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