Document:

exv10w1

Exhibit 10.1

NextG Networks, Inc.

INDEMNIFICATION AGREEMENT

     This Indemnification Agreement (this “Agreement”), dated [                    ] (the
“Effective Date”), is entered into by and between NextG Networks, Inc., a Delaware
corporation (the “Company”), and [                    ] (the “Indemnitee”). As used in
this Agreement, the term “Party” refers to the Company or the Indemnitee individually, and
the term “Parties” refers to the Company and the Indemnitee collectively.

Recitals

     The Company and the Company’s stockholder believe that attracting and retaining the most
capable available directors and officers is essential to the Company’s success.

     The Parties expressly recognize the increasing risk of litigation and other claims against
corporate directors and officers.

     The Company’s Certificate of Incorporation permits, and the Company’s bylaws require, the
Company to indemnify and advance expenses to Company directors and officers to the fullest extent
permitted under Delaware law, and the Indemnitee has been serving and continues to serve as a
Company director and/or officer in substantial reliance on those Certificate of Incorporation and
bylaws provisions.

     In entering into this Agreement, the Company recognizes the Indemnitee’s legitimate need for
(a) substantial protection against personal liability to ensure the Indemnitee’s continued and
effective service to the Company and (b) specific contractual assurances that the protections
promised by the Certificate of Incorporation and bylaws will be available to the Indemnitee,
regardless of, among other things, (i) any Certificate of Incorporation or bylaws amendment or
revocation, (ii) any Board composition changes, and (iii) any acquisition transaction or other
control-change transaction that involves the Company.

     With this Agreement, the Company intends (a) to induce the Indemnitee to provide effective
services to the Company as a director and/or officer; (b) to indemnify the Indemnitee; (c) to
advance expenses to Indemnitee; and, (d) to the extent that the Company maintains insurance that
includes the Indemnitee as a covered party, to provide for continued Indemnitee coverage under the
Company’s directors-and-officers liability insurance policies, in each case to the fullest extent
(whether partial or complete) permitted under Delaware law and as provided in this Agreement.

Agreement

     In consideration of the premises specified above, and the mutual covenants and agreements
contained in this Agreement, and for other good, valuable, and sufficient consideration that the
Parties expressly acknowledged receiving, the Parties agree as follows:

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     1. Certain Definitions. As used in this Agreement, the following terms have the
following meanings:

          (a) “Board” means the Company’s board of directors.

          (b) “Affiliate” means any corporation or other person or entity that directly, or
indirectly through one or more intermediaries, controls, is controlled by, or is under common
control with, the person or entity specified.

          (c) “Charter Documents” means the Company’s Certificate of Incorporation and the
Company’s bylaws.

          (d) “Control Change” means any of the following have occurred:

               (i) any “person” (as that term is used in Exchange Act Sections 13(d) and 14(d)) is or becomes
the direct or indirect “beneficial owner” (as defined in Exchange Act Rule 13d-3) of Company
securities that represent 50% or more of the total voting power represented by the Company’s
then-outstanding Voting Securities; provided that (A) any person or entity who is a trustee or
other fiduciary holding securities under a Company employee benefit will not qualify as a “person”
for this definition’s purposes and (B) a corporation that is owned directly or indirectly by the
Company’s stockholders in substantially the same proportions as the Company stockholders’ Company
stock ownership will not qualify as a “person” for this definition’s purposes; or

               (ii) during any consecutive two-year time period, a Board majority is no longer constituted,
for any reason, by (A) the directors who were in office at the beginning of such two-year time
period and (B) any new directors whose election by the Board or nomination for election by the
Company’s stockholders was approved by an affirmative vote of at least two-thirds of the directors
then still in office who either were directors at the beginning of such two-year time period or
whose election or nomination for election was previously so approved in the manner described by
this Section 1(c)(ii)(B); or

               (iii) the Company stockholders approve a merger or consolidation of the Company with any other
entity, other than a merger or consolidation that would result in the Voting Securities outstanding
immediately before such transaction continuing to represent after such transaction, either by
remaining outstanding or by being converted into surviving entity voting securities, at least 80%
of the Company’s total voting power or of such surviving entity’s voting power outstanding
immediately after such transaction; or

               (iv) the Company stockholders approve a complete Company liquidation plan or a Company sale or
disposition (in one transaction or a series of transactions) of all or substantially all of the
Company’s assets.

          (e) “Exchange Act” means the Securities Exchange Act of 1934, as amended, and all
corresponding rules and regulations.

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          (f) “Expenses” means any expense, liability, or loss, including attorneys’ fees;
expert witness fees; trial costs; judgments; fines; taxes (including ERISA excise taxes); penalties
(including ERISA penalties); settlement amounts paid or incurred; settlement amounts to be paid or
incurred; interest charges; assessments; other charges; any federal, state, local, or foreign taxes
imposed because of any actual or deemed receipt of any payments under this Agreement; and all other
costs and obligations, in each case paid or incurred in connection with preparing to investigate,
investigating, preparing to defend against, defending against, preparing to be a witness in, being
a witness in, preparing to participate in (including appeal), and participating in (including on
appeal) any Proceeding relating to, arising out of, or based upon any Indemnifiable Event.

          (g) “Indemnifiable Event” means any fact, condition, event, or occurrence that happens
or exists before, on, or after the Effective Date and that relates to, arises out of, or is based
upon the fact that (i) the Indemnitee is or was a Company director, officer, employee, attorney, or
agent, or, (ii) while a Company director, officer, employee, attorney, or agent, the Indemnitee is
or was serving at the Company’s request as a director, officer, employee, trustee, agent, attorney,
or fiduciary of any Company subsidiary or of any other foreign or domestic corporation,
partnership, joint venture, employee benefit plan, trust, or other enterprise, or (iii) the
Indemnitee was a director, officer, employee, attorney, or agent of a foreign or domestic
corporation that was a predecessor corporation of the Company or of another enterprise at the
request of such predecessor corporation, or (iv) the Indemnitee did anything or did not do anything
in any of the foregoing capacities, whether or not the Proceeding’s basis is alleged action or
non-action in an official capacity as a director, officer, employee, attorney, or agent or in any
other capacity while serving as a Company director, officer, employee, attorney, or agent, in each
case as described above.

          (h) “Independent Counsel” means an attorney or a law firm that (i) is selected by the
Indemnitee and approved by the Company (which approval will not be unreasonably withheld,
conditioned, or delayed); (ii) has not otherwise performed services for the Company or the
Indemnitee during the immediately preceding three years (other than with respect to matters
concerning the Indemnitee’s rights or other indemnitee rights or indemnification rights under this
Agreement, any other agreement, any other instrument, any Charter Document, or applicable law); and
(iii) would not have, under the then prevailing applicable professional conduct standards, a
conflict of interest in representing either the Company or the Indemnitee in an action to determine
the Indemnitee’s rights under this Agreement.

          (i) “Proceeding” means any threatened, pending, or completed claim, action, suit,
proceeding, or alternative dispute resolution mechanism (including an action by the Company or in
the right of the Company), or any inquiry, hearing, or investigation that Indemnitee in good faith
believes might lead to the institution of any such action, suit, proceeding, or alternative dispute
resolution mechanism, in each case whether formal, informal, civil, criminal, administrative,
investigative, or other, and in each case whether initiated, filed, maintained, or conducted by the
Company or any other party.

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          (j) “Reviewing Party” means, as of any particular time, (i) Independent Counsel, if
such time is after any Control Change, and, (ii) if such time is before any Control Change, any one
or more Board-designated persons, any of whom may be a Company director, but none of whom may be a
party to the particular Proceeding for which the Indemnitee is seeking indemnification.

          (k) “Voting Securities” means any Company securities that vote generally in director
elections.

     2. Indemnification Agreement.

          (a) General Agreement. If the Indemnitee was, is, or becomes a party to, a witness
in, or an other participant in, or is threatened to be made a party to, a witness in, or an other
participant in, a Proceeding because of (or arising in part out of) an Indemnifiable Event, then
the Company will indemnify Indemnitee from and against any and all Expenses to the fullest extent
permitted by law, as the law now exists or may be amended or interpreted after the Effective Date
(but, in the case of any such amendment or interpretation, only to the extent that such amendment
or interpretation permits the Company to provide greater indemnification rights than those
permitted before such amendment or interpretation). The Parties expressly intend that this
Agreement will provide for indemnification in excess of any indemnification expressly permitted by
statute, including in excess of any indemnification provided by any other agreement or instrument
between the Parties, any Charter Document, any stockholder vote, any disinterested director vote,
or applicable law.

          (b) Indemnification Limitations. The only limitation that will exist upon the
Company’s indemnification obligations under this Section 2 are those specified in this Section 2(b)
and in Section 2(g). The Company will not be obligated to make any payment to the Indemnitee if
such payment is finally determined to be unlawful by a court of competent jurisdiction in a final
judgment that is not subject to appeal. The Indemnitee will not be entitled to indemnification
under this Agreement in connection with any Proceeding that the Indemnitee initiated against the
Company or any Company director, officer, employee, attorney, or agent, unless (i) the Company has
joined in, or the Board has specifically consented to, such Proceeding’s initiation; (ii) the
Proceeding is to enforce indemnification rights under Section 5 or to otherwise enforce this
Agreement or any Agreement provisions; or (iii) the Proceeding is instituted after a Control Change
(other than a Control Change approved by a majority of the Company directors who were Company
directors immediately before such Control Change) and the Reviewing Party has approved such
Proceeding’s initiation.

          (c) Contribution and Allocation. Nothing in this Section 2(c) diminishes, restricts,
limits, or impairs in any manner otherwise-existing Company obligations to fully indemnify the
Indemnitee, to pay all Expenses, or to provide the Indemnitee with Expense Advances, including
those obligations that otherwise exist under this Agreement, under any other agreement or
instrument, under any Charter Document, or under applicable law.

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               (i) Generally. If, for any reason, the Indemnitee elects to pay or incur, or is
required to pay or incur, all or any portion of any judgment, settlement, or other Expenses in any
Proceeding in which Company is jointly liable with the Indemnitee (or would be jointly liable with
the Indemnitee if joined in such Proceeding), then the Company will contribute to the amount of
Expenses that the Indemnitee paid or incurred in proportion to the relative benefits received by
the Company and all Company directors, officers, employees, or agents other than the Indemnitee who
are jointly liable with the Indemnitee (or would be jointly liable with the Indemnitee if joined in
such Proceeding), on the one hand, and the Indemnitee, on the other hand, from the transaction from
which such Proceeding arose. However, to the extent necessary to conform to applicable law, the
proportion determined on the basis of relative benefit may be further adjusted by reference to the
relative fault of Company and all Company directors, officers, employees, or agents other than the
Indemnitee who are jointly liable with the Indemnitee (or would be jointly liable with the
Indemnitee if joined in such Proceeding), on the one hand, and the Indemnitee, on the other hand,
in connection with the events that resulted in such Expenses, as well as any other equitable
considerations that the law may require to be considered. If such relative-fault considerations
are required by applicable law, then the relative fault of Company and all Company directors,
officers, employees, or agents other than Indemnitee who are jointly liable with the Indemnitee (or
would be jointly liable with the Indemnitee if joined in such Proceeding), on the one hand, and the
Indemnitee, on the other hand, will be determined by reference to, among other things, the degree
to which their respective actions were motivated by intent to gain personal profit or advantage,
the degree to which their respective liability is primary or secondary, and the degree to which
their respective conduct is active or passive.

               (ii) Securities Registration. In connection with any Company securities registration,
the Indemnitee will not, under any circumstances, be required to contribute any amount under this
Section 2(c) in excess of the lesser of (A) that proportion of the total of Expenses indemnified
against equal to the proportion of the total securities sold under such registration statement
compared to those securities that the Indemnitee sold in such registration statement or (B) the
proceeds that the Indemnitee received from the Indemnitee’s sale of securities under such
registration statement.

               (iii) Contribution. The Company will fully indemnify and hold harmless the Indemnitee
from any contribution claims that may be brought by Company directors, officers, employees,
attorneys, or agents other than Indemnitee who are jointly liable with the Indemnitee (or would be
jointly liable with the Indemnitee if joined in such Proceeding).

               (iv) Initial Payment. Whether or not any indemnification provided under this
Agreement is available, in respect of any Proceeding in which the Company is jointly liable with
the Indemnitee (or would be jointly liable with the Indemnitee if joined in such Proceeding), the
Company will pay, in the first instance, the entire amount of any judgment, settlement, or other
Expenses of such Proceeding without requiring the Indemnitee to contribute to such Expense payment,
and the Company irrevocably waives and relinquishes any contribution right that the Company may
have against the Indemnitee.

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          (d) Expense Advances. If the Indemnitee requests, the Company will advance, within 10
business days after such request, any and all Expenses that the Indemnitee pays or incurs by paying
such Expenses on the Indemnitee’s behalf, by advancing to the Indemnitee funds in an amount
sufficient to pay such Expenses, and/or by reimbursing the Indemnitee for such expenses (each, an
“Expense Advance”). By signing and delivering this Agreement, (i) the Indemnitee will
qualify for such Expense Advances and (ii) the Indemnitee covenants to repay any such Expense
Advances if and to the extent that a court of competent jurisdiction ultimately determines in a
final judgment, not subject to appeal, that the Indemnitee is not entitled to receive Company
indemnification with respect to such Expense Advances. Until any such court makes such a final
determination, not subject to appeal, that the Indemnitee is not entitled to such indemnification,
the Indemnitee will not be required to repay such Expense Advances to the Company, and the
Indemnitee will continue to receive Expense Advances under this Section 2(d). The Indemnitee’s
reimbursement obligation to the Company for Expense Advances will be unsecured and no interest will
be charged on such reimbursement obligation. To the extent permissible under third-party policies
or agreements, invoices for Expense Advances will be billed in the Company’s name and will be
payable directly by the Company. For purposes of any Expense Advance for which the Indemnitee has
requested payment under this Agreement, all Expenses included in such Expense Advance will be
conclusively presumed to be reasonable if the Indemnitee’s counsel certifies that such Expenses are
reasonable.

          (e) Mandatory Indemnification. Notwithstanding any other Agreement provision, to the
extent that the Indemnitee has been successful on the merits or otherwise in defending any
Proceeding relating in whole or in part to an Indemnifiable Event, or in defending any issue or
matter in such Proceeding, the Indemnitee will be indemnified against all Expenses actually and
reasonably paid or incurred in connection with the entire Proceeding.

          (f) Partial Indemnification. If the Indemnitee is entitled under any Agreement
provision to Company-provided indemnification for only a portion of Expenses, but not for all
Expenses, then the Company will still indemnify the Indemnitee for the portion of Expenses to which
Indemnitee is entitled. Attorneys’ fees and expenses will not be prorated but will be deemed to
apply to the indemnification portion to which Indemnitee is entitled.

          (g) Prohibited Indemnification. Under this Agreement, the Company will not pay any
indemnification for any Proceeding in which judgment is rendered against the Indemnitee for an
accounting of profits made from the Indemnitee’s purchase or sale of Company securities under
Exchange Act Section 16(b), or similar provisions of any federal, state, or local laws; provided
that, notwithstanding any limitation specified in this Section 2(g) regarding the Company’s
indemnification obligation to the Indemnitee, the Indemnitee will be entitled under Section 2(d) to
receive Expense Advances with respect to any such Proceeding, unless and until a court with
jurisdiction over the Proceeding will have made a final judicial determination (as to which all
appeal rights have been exhausted or lapsed) that the Indemnitee has violated such statute.

          (h) No Knowledge Imputation. For all purposes under this Agreement and all other
Company indemnification obligations and Expense Advance obligations under any

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other document, instrument, Charter Document provision, or law, the knowledge, beliefs,
actions, omissions, and/or failures of the Company or of any Company director, officer, employee,
agent, or attorney will not alone be imputed to the Indemnitee under any circumstances.

     3. Reviewing Party. To the extent of any disagreement between the Parties, the
Reviewing Party will make the initial determination about the Indemnitee’s rights to
indemnification payments under this Agreement, under any other agreement or instrument, under
applicable law, or under any Charter Document, in each case as in effect before, on, or after the
Effective Date, relating to indemnification for Indemnifiable Events. Among other things, if the
Reviewing Party is Independent Counsel, then the Reviewing Party will render a written opinion to
the Company and the Indemnitee about whether and to what extent the Indemnitee can be indemnified
under applicable law. In all cases, the Company will pay the Independent Counsel’s reasonable
fees, costs, and expenses, and the Company will fully indemnify the Independent Counsel against any
and all expenses (including attorneys’ fees), claims, liabilities, loss, and damages arising out of
or relating to this Agreement or the Independent Counsel’s engagement under this Agreement.

     4. Indemnification Process and Appeal.

          (a) Indemnification Payment. The Indemnitee will be entitled to indemnification
against Expenses, and the Indemnitee will receive from the Company the corresponding
indemnification payments according to this Agreement as soon as practicable after the Indemnitee
has given the Company a written indemnification demand, unless the Reviewing Party has given the
Company a written opinion that the Indemnitee is not entitled to indemnification under Delaware
General Corporation Law Section 145.

          (b) Rights Enforcement Actions. Regardless of any Reviewing Party action, if the
Indemnitee has not received full indemnification within 30 days after making a written
indemnification demand as provided in Section 4(a), then the Indemnitee may enforce the
Indemnitee’s indemnification rights under this Agreement by initiating litigation in the Delaware
Chancery Court seeking an initial determination by the court or challenging all or any part of any
Reviewing Party determination. By signing and delivering this Agreement, the Company expressly and
irrevocably consents to service of process and to appear in any such proceeding. Any Reviewing
Party determination that the Indemnitee does not challenge will be binding on the Company and the
Indemnitee, but such Reviewing Party determination will be binding on the Indemnitee only if the
Indemnitee does not challenge such Reviewing Party determination within one year after the
Indemnitee receives written notice of such Reviewing Party determination. The Indemnitee remedies
described in this Section 4 will be in addition to any other remedies that are available to the
Indemnitee under any other agreement, instrument, Charter Document, and any applicable law, rule,
regulation (whether at law or in equity). In any judicial proceeding that the Indemnitee initiates
under this Section 4(b), the Company will be precluded from asserting that this Agreement or any of
this Agreement’s provisions, procedures, presumptions, burdens of proof, burdens of persuasion, and
other standards are not valid, binding, effective, and/or enforceable, and the Company also will
stipulate unconditionally and without qualification that the Company is bound by this Agreement and

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all of this Agreement’s provisions, procedures, presumptions, burdens of proof, burdens of
persuasion, and other standards.

          (c) Indemnification Defense, Burden of Proof, and Presumptions.

               (i) Applicable Law Defense. In any action brought by the Indemnitee against the
Company to enforce this Agreement, other than an action brought to enforce a claim for Expenses
paid or incurred in defending a Proceeding in advance of the Proceeding’s final disposition, the
Company may maintain the defense that applicable law prohibits the Company from indemnifying the
Indemnitee for the amount claimed.

               (ii) Burden of Proof. In connection with any action arising out of this Agreement or
any other agreement, instrument, Charter Document, or applicable law relating to the Indemnitee’s
right to indemnification, including any action relating to any Reviewing Party determination that
the Indemnitee is or is not entitled to indemnification under this Agreement, the Company will have
the burden of proving, and the burden of persuasion with respect to, all elements of all defenses
against indemnification or determinations against indemnification by clear and convincing evidence.

               (iii) De Novo Trial. If the Indemnitee initiates legal proceedings to secure a
judicial determination that the Indemnitee should be indemnified under this Agreement, under any
other agreement or instrument between the Parties, under any Charter Document, or under applicable
law, then the Parties expressly intend and agree that the question of the Indemnitee’s
indemnification rights will be for the court to decide as a de novo trial on the merits, and the
Indemnitee will not be prejudiced in any way because of any previous determination by the Reviewing
Party or by any other person or entity.

               (iv) Certain Determinations. In any action arising out of this Agreement or any other
agreement, instrument, Charter Document, or applicable law relating to the Indemnitee’s right to
indemnification, the Company will not have available as a defense, and will not assert as a
defense, that, (A) before such action’s initiation, the Reviewing Party or the Company (including
the Board, any independent legal counsel, or the Company’s stockholders) failed to make a
determination (for any reason) that indemnification is proper under the circumstances because the
Indemnitee has met the conduct standard established by applicable law or, (B) at any time, the
Reviewing Party or the Company (including the Board, any independent legal counsel, or the
Company’s stockholders) made an actual determination that the Indemnitee had not met such
applicable conduct standard. The Company expressly and irrevocably waives any such defense that
may have otherwise been available to the Company. In addition, none of the foregoing will create
any presumption that the Indemnitee has not met the legally-applicable conduct standard.

               (v) Claim Terminations. For purposes of this Agreement and of any other agreement,
instrument, Charter Document, or applicable law relating to the Indemnitee’s right to
indemnification, any Proceeding’s termination, by judgment, order, settlement (whether with or
without court approval), conviction, no-contest plea (or any equivalent), or otherwise, will not
create any presumption that the Indemnitee did not meet any

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particular conduct standard, that the Indemnitee did not have any particular belief, or that a
court has determined that indemnification is not permitted by applicable law.

               (vi) Good Faith Presumption. For purposes of any good-faith determinations that may
be legally required in connection with this Agreement, the Indemnitee will be deemed to have acted
in good faith if the Indemnitee’s action or omission is or was based on the Company’s account
records or account books (including financial statements), or on information that the Company’s
officers, the Company’s legal counsel, the Board’s legal counsel, or any Board committee’s legal
counsel supplied to the Indemnitee in the course of their respective duties, or on information or
records given or reports made to the Company by an independent certified public accountant,
appraiser, investment banker, compensation consultant, or other expert who was selected with
reasonable care by the Company, the Board, or any Board committee. This Section 4(c)(vi) will not
be exclusive and will not diminish, restrict, limit, or impair in any manner the other
circumstances in which the Indemnitee may be deemed to have satisfied any applicable conduct
standards. Whether or not these Section 4(c)(vi) standards are satisfied, in any event, the
Indemnitee will be presumed to have at all times (A) acted in good faith, (B) acted in a manner
that such Indemnitee reasonably believed to be in or not opposed to the Company’s best interests,
and, (C) with respect to any criminal Proceeding, acted with reasonable cause to believe that the
Indemnitee’s conduct was not unlawful. Any such presumption may not be overcome in the absence of
clear and convincing contrary evidence for which the person or entity seeking to overcome such
presumption will carry the burden of proof and the burden of persuasion as to all applicable
elements.

          (d) Indemnification Presumption. To the maximum extent permitted by applicable law in
making a determination about indemnification entitlement or Expense Advancement under this
Agreement or under any other agreement, instrument, Charter Document, or applicable law relating to
the Indemnitee’s right to indemnification, the Reviewing Party will presume that the Indemnitee is
entitled to indemnification or Expense Advancement under this Agreement and under such other
agreement, instrument, Charter Document, or applicable law if the Indemnitee has submitted an
indemnification request under Section 4(a). To make any determination contrary to that
presumption, the Reviewing Party will have the burden of proof and the burden of persuasion to
overcome that presumption by clear and convincing evidence.

          (e) Settlements. The Company expressly acknowledges that a settlement or other
disposition before final judgment may be successful if such settlement or other disposition permits
a party to avoid expense, delay, distraction, disruption, and/or uncertainty. If any Proceeding to
which the Indemnitee is a party is resolved in any manner other than by adverse judgment against
the Indemnitee (including such Proceeding’s settlement with or without payment of money or other
consideration), then such resolution will create a presumption that the Indemnitee has been
successful on the merits or otherwise in such Proceeding, and such presumption can be overcome only
by clear and convincing contrary evidence. Any person seeking to overcome this presumption will
have the burden of proof and the burden of persuasion on all applicable legal elements, in each
case by clear and convincing evidence.

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     5. Rights Enforcement Expenses. Without limiting any other Company obligations under
this Agreement or under any other agreement, instrument, Charter Document, or applicable law, the
Company will indemnify Indemnitee against any and all Expenses that the Indemnitee pays or incurs
in connection with any action that the Indemnitee brings for (a) indemnification or advance Expense
payment by the Company under this Agreement, under any other agreement, instrument, under any
Charter Document, and/or under applicable law, in each case as in effect on or after the Effective
Date relating to indemnification for Indemnifiable Events; and/or (b) recovery under
directors-and-officers liability insurance policies that the Company maintained or maintains. In
addition, if the Indemnitee requests, the Company will advance the foregoing Expenses to the
Indemnitee, subject to and in accordance with Section 2(d). The Company’s obligations under this
Section 5 will exist and continue, regardless of whether the Indemnitee is ultimately successful in
such action, unless, as part of such action, a court of competent jurisdiction over such action
determines in a final judgment (as to which all appellate rights have been exhausted or expired)
that each material Indemnitee assertion that forms the basis of such action was frivolous and not
made in good faith.

     6. Notification and Proceeding Defense.

          (a) Notice. If the Indemnitee receives notice that a Proceeding has been initiated
and if the Indemnitee will make any corresponding claim against the Company under this Agreement,
then the Indemnitee will promptly notify the Company that such Proceeding has been initiated.
However, in any event, the Indemnitee’s failure to notify the Company for any reason will not
relieve the Company of any liability that the Company may have to the Indemnitee, except as
provided in Section 6(c).

          (b) Defense. If the Indemnitee notifies the Company that any Proceeding has been
initiated, then the Company will have the right (but not the obligation) to participate in the
Proceeding at the Company’s own expense or to assume the Proceeding’s defense with counsel that is
reasonably satisfactory to the Indemnitee. If the Company gives the Indemnitee written notice that
the Company elects to assume any Proceeding’s defense, then, after the Indemnitee receives such
written notice, the Company will not be liable to the Indemnitee under this Agreement or otherwise
for any Expenses that the Indemnitee subsequently paid or incurred in connection with such
Proceeding’s defense, other than reasonable investigation costs, transition costs associated with
the Company’s defense assumption, or as otherwise provided below. If the Company properly assumes
the Proceeding’s defense, then the Indemnitee will have the right (but not the obligation) to
employ separate legal counsel in such Proceeding, but all Expenses related to such separate legal
counsel that the Indemnitee paid or incurred after receiving the Company’s written
defense-assumption notice will be at the Indemnitee’s expense, unless: (i) the Company authorizes
the Indemnitee to employ separate legal counsel; (ii) the Indemnitee has reasonably determined
that, in defending the Proceeding, a conflict of interest may exist between Indemnitee and the
Company; (iii) after a Control Change, Independent Counsel has approved the Indemnitee’s employment
of separate legal counsel; or (iv) the Company does not in fact employ legal counsel to assume such
Proceeding’s defense, in which cases the Company will pay all Expenses, including those that the
Indemnitee pays or incurs for such separate legal counsel. Notwithstanding the foregoing, the
Company will not be entitled to assume the defense of any

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Proceeding that is brought by or on behalf of the Company or any Proceeding under the
circumstances described in Section 6(b)(ii), Section 6(b)(iii), or Section 6(b)(iv).

          (c) Settlement. The Company will not be liable to indemnify the Indemnitee under this
Agreement or otherwise for any Proceeding settlement amounts paid or incurred without the Company’s
written consent, which will not be unreasonably withheld, conditioned, or delayed; provided that,
after a Control Change (other than a Control Change approved by a majority of the Company directors
who were Company directors immediately before such Control Change), the Company will be liable to
indemnify the Indemnitee for settlement amounts paid or incurred if the Reviewing Party has
approved the settlement. Without the Indemnitee’s prior written consent, the Company will not
settle any Proceeding in any manner that would impose on the Indemnitee any penalty, any
limitation, or any obligation to take or not take any action, or that would expose the Indemnitee
to any criminal, regulatory, civil, or other liability, or that does not contain a full,
unqualified, and final release of all claims against the Indemnitee, or that would require the
Indemnitee to admit liability or misconduct. If the Company receives an offer to settle any
Proceeding, or if the Company intends to make any offer to settle any Proceeding, then the Company
will promptly notify the Indemnitee, and the Company also will give the Indemnitee as much time as
reasonably practicable to consider such offer; provided that the Indemnitee will not, under any
circumstances, have less than three business days to consider such offer. The Company will not be
liable to indemnify the Indemnitee under this Agreement with regard to any judicial award if the
Company was not given a reasonable and timely opportunity, at the Company’s expense, to participate
in defending the Proceeding; provided that the Company’s liability under this Agreement will not be
excused if this Agreement precludes the Company’s participation in the Proceeding.

     7. Trust Establishment. Upon the Indemnitee’s written request after a Control Change,
the Company will create a trust for the Indemnitee’s benefit (the “Trust”). From time to
time upon the Indemnitee’s written request, the Company will fund the Trust in an amount sufficient
to satisfy any and all Expenses that are reasonably anticipated to be paid or incurred, at the time
of each such request, in connection with investigating, preparing for, participating in, and/or
defending any Proceeding relating to an Indemnifiable Event. The Reviewing Party will determine
the amount or amounts that will be deposited in the Trust under the foregoing funding obligation.
The Trust terms will provide that (a) the Trust will not be revoked and the Trust principal will
not be invaded without the Indemnitee’s written consent; (b) the Trust’s trustee (the
“Trustee”) will advance, within 10 business days after the Indemnitee’s written request,
any and all Expenses to the Indemnitee (but the Indemnitee agrees to reimburse the Trust under the
same circumstances under which the Indemnitee would be required to reimburse the Company under
Section 2(d)); (c) the Company will continue to fund the Trust according to the funding obligation
described above; (d) the Trustee will promptly pay to the Indemnitee all amounts for which the
Indemnitee will be entitled to indemnification under this Agreement or otherwise; and (e) all
unexpended funds in the Trust will revert to the Company upon a final determination by the
Reviewing Party or a court of competent jurisdiction, as the case may be, that the Indemnitee has
been fully indemnified under this Agreement’s terms. The Indemnitee will be entitled to choose the
Trustee. Nothing in this Section 7 will relieve the Company of any of the Company’s obligations
under this Agreement, under any other agreement or instrument, under any Charter Document, or under
applicable law. For federal, state, local, and foreign tax purposes, the

11

 

Company will report as Company income all income earned on the Trust assets. The Company will
pay all costs of establishing and maintaining the Trust, and the Company will indemnify the Trustee
against any and all expenses (including attorneys’ fees), claims, liabilities, loss, and damages
arising out of or relating to this Agreement or the Trust’s establishment and maintenance.

     8. Non-Exclusivity. The Indemnitee’s rights under this Agreement will be in addition
to any other rights that the Indemnitee may have under any other agreements or instruments, under
any Charter Document, under applicable law, or otherwise; provided that this Agreement will
supersede any prior indemnification agreement between the Company and the Indemnitee. To the
extent that any change in applicable law (whether by statute or judicial decision) permits greater
indemnification than the indemnification that would be permitted currently under this Agreement,
under any other agreement or instrument, under any Charter Document, or under applicable law, the
Parties expressly intend, acknowledge, and agree that the Indemnitee will receive under this
Agreement the greater benefits permitted by such change, in each case without any further action by
any Party or by any other person or entity. Notwithstanding anything in this Agreement to the
contrary, if any change in applicable law (whether by statute or judicial decision) eliminates or
restricts the indemnification that otherwise would be permitted under this Agreement, under any
other agreement, under any other instrument, under any Charter Document, or under any previously
existing applicable law, the Parties expressly intend, acknowledge, and agree that the Indemnitee
will receive the greater benefits that had been permitted before such change under this Agreement,
under any other agreement or instrument, under any Charter Document, or under any previously
existing applicable law, in each case without any further action by any Party or by any other
person or entity.

     9. Liability Insurance.

          (a) Company Obligation. Subject to Section 9(b), while the Indemnitee continues to
serve as a Company agent and for so long thereafter as the Indemnitee may be subject to any
possible Proceeding relating to an Indemnifiable Event, the Company will use reasonable efforts to
obtain and maintain in full force and effect directors-and-officers liability insurance (the
“Insurance”) in reasonable amounts from established and reputable insurers, and the
Indemnitee will be a covered party under the Insurance to the maximum extent of the coverage
available for any Company director or officer.

          (b) Exception. Notwithstanding Section 9(a), the Company will have no obligation to
obtain or maintain Insurance if the Company determines in good faith that such the Insurance is not
reasonably available, the premium costs for the Insurance are disproportionate to the amount of
coverage provided, or the coverage is reduced by exclusions so as to provide an insufficient
benefit.

     10. Limitations Period. With respect to any Agreement provisions or any
indemnification-related provisions under any other agreement, instrument, Charter Document, or
applicable law, no legal action or claim will be brought, and no cause of action will be asserted,
by or on behalf of the Company or any Company Affiliate against the Indemnitee, or against the
Indemnitee’s spouse, heirs, executors, personal representatives, or legal representatives after the
first anniversary of the date on which such action, claim, or cause of action

12

 

accrued, or such longer time period required by state law under the circumstances. Any such
Company or Company Affiliate action, claim, or cause of action will be permanently and fully
extinguished, and will be deemed permanently and fully released, unless asserted by the timely
filing and notice of a legal action within such time period; provided that, if any shorter
statute-of-limitations time period is otherwise applicable to any such action, claim, or cause of
action, then such shorter time period will govern.

     11. Agreement Amendments. No Agreement supplement, modification, or amendment will be
binding, unless such Agreement supplement, modification, or amendment is mutually executed in
writing and delivered by both Parties. No waiver of any of this Agreement’s provisions will be
binding, unless such waiver is contained in a written instrument that is signed by the Party
against whom the waiver enforcement is sought, and no such waiver will operate as a waiver of any
other Agreement provisions or of any provisions under any other agreement, instrument, Charter
Document, or applicable law (in each case, whether or not similar), nor will such waiver constitute
a continuing waiver. Except as specifically provided in this Agreement, no failure to exercise,
and no any delay in exercising, any right or remedy under this Agreement will constitute a waiver
of such right or remedy.

     12. Subrogation. With respect to and to the extent of any payment under this
Agreement, the Company will be subrogated to all of the Indemnitee’s recovery rights, and the
Indemnitee will execute all papers required and will do everything that may be reasonably necessary
to secure such rights, including executing such documents that are reasonably necessary to enable
the Company effectively to bring suit to enforce such rights.

     13. Specific Performance. The Company and the Indemnitee expressly acknowledge and
agree that a monetary remedy for any Agreement breach may be inadequate, impracticable, and
difficult to prove, and that any Agreement breach may cause the Indemnitee irreparable harm.
Accordingly, the Parties agree that the Indemnitee may enforce this Agreement by seeking injunctive
relief and/or specific performance (including temporary restraining orders, preliminary
injunctions, and permanent injunctions), without posting any bond, any other security, or any other
undertaking (other than as required by Section 2(d) and Section 7), and without showing actual
damage or irreparable harm. By seeking injunctive relief and/or specific performance, the
Indemnitee will not be precluded from seeking or obtaining any other relief to which the Indemnitee
may be entitled. The Company expressly acknowledges and agrees that, in the absence of a Company
waiver, the court may require the Indemnitee to pay a bond, another security, or another
undertaking in connection with the Indemnitee’s petition or action for injunctive relief and/or
specific performance, and the Company irrevocably waives any bond, other security, or other
undertaking requirement.

     14. No Duplicate Payments. The Company will not be liable under this Agreement to
make any payment in connection with any claim made against Indemnitee to the extent that the
Indemnitee has otherwise actually received payment (under any insurance policy, under any Charter
Document, or otherwise) of the amounts otherwise indemnifiable under this Agreement.

     15. Binding Effect. This Agreement constitutes the Parties’ entire agreement with
respect to this Agreement’s subject matter, and this Agreement supersedes all prior

13

 

agreements and understandings, oral, written and implied, between the Parties with respect to
this Agreement’s subject matter. This Agreement will be binding upon, and will inure to the
benefit of, and will be enforceable by, the Parties and their respective successors (including any
direct or indirect successor by purchase, merger, consolidation, or otherwise to all or
substantially all of the Company’s business and/or assets), assigns, spouses, heirs, personal
representatives, and legal representatives. The Company will require and cause any successor
(whether direct or indirect by purchase, merger, consolidation, or otherwise) to all, substantially
all, or a substantial part of the Company’s business and/or assets, by written agreement in form
and substance satisfactory to the Indemnitee, to expressly assume and agree to perform this
Agreement in the same manner and to the same extent that the Company would be required to perform
if no such succession had occurred. The indemnification provided under this Agreement will
continue as to the Indemnitee for any action taken or not taken while serving in an indemnified
capacity pertaining to an Indemnifiable Event, even though the Indemnitee may have stopped serving
in such capacity at the time of any Proceeding.

     16. Severability. If any Agreement provision or portion becomes, or is declared by a
court of competent jurisdiction to be, illegal, unenforceable, or void, then this Agreement’s
remaining provisions will continue in full force and effect without such illegal, unenforceable, or
void provision. In any such case, the Parties agree to promptly negotiate, in good faith, a legal,
enforceable, and valid substitute provision that most closely implements the Parties’ original
intent in entering into this Agreement, as such original intent is expressed in this Agreement’s
original terms. If the Parties are unable to agree on any such substitute provision, then the
Parties expressly and irrevocably authorize a court of competent jurisdiction to determine, and
expressly and irrevocably agree to be bound by, the legal, enforceable, and valid substitute
provision that most closely implements the Parties’ intent in entering into this Agreement, as
determined by such court.

     17. Governing Law. This Agreement will be governed by and construed and enforced in
accordance with Delaware laws that are applicable to contracts made and to be performed entirely in
Delaware without giving effect to any conflict-of-laws principles.

     18. Jurisdiction Consent. The Company and the Indemnitee irrevocably (a) agree that
any action or proceeding arising out of or in connection with this Agreement will be brought only
in the Delaware Chancery Court (the “Chancery Court”); (b) consent to submit to the
Chancery Court’s exclusive jurisdiction for purposes of any action or proceeding arising out of or
in connection with this Agreement; and (c) waive any objection based on improper venue or
inconvenient form with respect to any such action or proceeding in the Chancery Court.

     19. Notices. All notices, requests, demands, and other communications that are
required or permitted under this Agreement will be in writing and will be deemed to be validly
given (a) if delivered by hand and signed for by the Party addressed, on the date of such
hand-delivery, or (b) if mailed by domestic certified or registered mail with postage prepaid, on
the fifth business day after the postmark date, or (c) if sent by national overnight mail courier,
on the second business day after the date deposited with such national overnight mail courier. All
such notices, requests, demands, and other communications to the Indemnitee will be addressed to
the

14

 

Indemnitee at the Indemnitee’s address that is specified on this Agreement’s signature page.
All such notices, requests, demands, and other communications to the Company will be addressed to
NextG Networks, Inc., Attention: General Counsel, 2216 O’Toole Avenue, San Jose, California 95131.
Either Party may change such Party’s notice address by giving the other Party written notice of
such notice address change according to this Section 19.

     20. Counterparts, Signature, and Delivery. This Agreement may be executed in one or
more counterparts, each of which will be deemed an original, but all of which together will
constitute one and the same instrument. Either Party may execute this Agreement by facsimile, an
electronically-mailed PDF reproduction, or any other written or electronic reproduction, and either
Party may deliver an executed copy of this Agreement by facsimile, electronic mail, or similar
written or electronic transmission device, in each case if the signature of or on behalf of such
Party is visible, and such execution and delivery will be considered valid, binding, and effective
for all purposes. At either Party’s request, the other Party will execute an original of this
Agreement in addition to any facsimile, electronically-mailed PDF reproduction, or other written or
electronic reproduction of this Agreement.

* * * * *

15

 

     As of the Effective Date, the Parties have validly and mutually signed and delivered this
Indemnification Agreement.

	 	 	 
	NEXTG NETWORKS, INC.
	 	 
	 
	 	 
	 

	 	 
	 
	 	 
	INDEMNITEE
	 	 
	 
	 	 
	 

Signature

	 	 
	 
	 	 
	 

Printed Name

	 	 
	 
	 	 
	Regular Mailing Address:
	 	 
	 
	 	 
	 

	 	 
	 
	 

	 	 
	 
	 	 
	Electronic Mailing Address:
	 	 
	 
	 	 
	 

	 	 
	Fax Number:
	 	 
	 
	 	 
	 

	 	 

16exv10w4

Exhibit 10.4

NEXTG NETWORKS, INC.

2008 EQUITY INCENTIVE PLAN

     1. Plan Authorization and Purpose. This Plan authorizes the Administrator to grant
Incentive Stock Options, Non-Statutory Stock Options, Stock Appreciation Rights, Restricted Stock,
Restricted Stock Units, Performance Units, and Performance Shares. This Plan’s purposes are to:

	 	•	 	attract and retain the best available personnel for positions of substantial
responsibility,
	 
	 	•	 	provide additional incentive to Service Providers, and
	 
	 	•	 	promote NextG’s business success.

     2. Definitions. As used in this Plan, the following definitions apply:

          (a) “Administrator” means the Board or the Committee that administers this Plan, as
provided in Section 4.

          (b) “Affiliate” means any corporation or any other entity (including partnerships and
joint ventures) that controls, is controlled by, or is under common control with NextG.

          (c) “Applicable Laws” means all applicable requirements relating to administering
equity-based awards under all applicable state corporate laws, federal and state securities laws,
Code provisions, rules and regulations issued by any stock exchange or quotation system on which
the Common Stock is listed or quoted, and laws of any foreign country or jurisdiction where Awards
are, or will be, granted under the Plan.

          (d) “Award” means, individually or collectively, a grant under the Plan of Options,
Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Performance Units, or
Performance Shares.

          (e) “Award Agreement” means the written or electronic agreement that is subject to
this Plan’s terms and conditions and that describes the terms and provisions applicable to a
particular Award granted under this Plan.

          (f) “Board” means NextG’s board of directors.

          (g) “Code” means, as of any particular time, the Internal Revenue Code of 1986, as
amended, and including any successor legal provisions, in each case as in effect at such time.

 

 

          (h) “Committee” means a committee of Directors or of other individuals satisfying
Applicable Laws that the Board may appoint as provided in Section 4.

          (i) “Common Stock” means NextG’s common stock.

          (j) “Consultant” means any Person, including any advisor, that NextG or that any
Affiliate engages to render services to NextG or to such Affiliate; provided that Employees and
Directors are expressly excluded from this definition.

          (k) “Control Change” means any of the following events:

               (i) a NextG ownership change that occurs on the date that any Person acquires more than 50% of
the total voting power of NextG’s stock; provided that any additional voting power acquisition by a
Person who already holds more than 50% of the total voting power of NextG’s stock will not qualify
as any such NextG ownership change; or

               (ii) an effective NextG control change that occurs on the date that a Board majority is
replaced during any 12-month time period by Directors whose appointment or election is not endorsed
by a Board majority before the appointment or election date; provided that additional effective
control by a Person who has already achieved effective control will not qualify as any such
effective NextG control change; or

               (iii) a change in ownership of a substantial portion of NextG’s assets that occurs on the date
that any Person acquires (or has acquired during the 12-month time period ending on the date of the
most recent acquisition by such Persons) assets from NextG that have a total gross fair market
value greater than 50% of the total gross fair market value of all NextG assets immediately before
such acquisition or acquisitions; provided that the following will not qualify as a change in
ownership of a substantial portion of NextG’s assets: (A) a transfer to an entity that is
controlled by NextG’s stockholders immediately after the transfer, or (B) any NextG asset transfer
to: (1) a NextG stockholder (immediately before the asset transfer) in exchange for or with
respect to NextG’s stock, (2) an entity, 50% or more of the total value or voting power of which is
owned, directly or indirectly, by NextG, (3) a Person that owns, directly or indirectly, 50% or
more of the total value or voting power of all outstanding NextG stock, or (4) an entity, at least
50% of the total value or voting power of which is owned, directly or indirectly, by a Person
described in this Section 2(k)(iii); provided that, for purposes of this Section 2(k)(iii), gross
fair market value means the value of NextG’s assets or the value of NextG assets being disposed of,
in each case determined without regard to any liabilities associated with such assets.

          (l) “Director” means a NextG director.

          (m) “Disability” means total and permanent disability as defined in Code
Section 22(e)(3); provided that, in the case of Awards other than Incentive Stock Options, the
Administrator has discretion to determine whether a permanent and total disability exists,
according to uniform and non-discriminatory standards that the Administrator may adopt from time to
time.

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          (n) “Employee” means any NextG employee and any Affiliate employee; provided that
Directors are expressly excluded from this definition, in each case except to the extent that any
particular Director also qualifies separately as a NextG employee without considering the
Director’s compensation or services in the Director’s capacity as a Director.

          (o) “Exchange Act” means the Securities Exchange Act of 1934, as amended.

          (p) “Exchange Program” means a program under which (i) outstanding Awards are
surrendered or cancelled in exchange for Awards of the same type (which may have higher or lower
exercise prices and different terms), for Awards of a different type, and/or for cash;
(ii) Participants would have the opportunity to transfer any outstanding Awards to a financial
institution or other person or entity that the Administrator selects; and/or (iii) the exercise
price that is applicable to an outstanding Award is reduced, in each case as the Administrator
establishes, administers, determines, and defines in the Administrator’s sole discretion.

          (q) “Fair Market Value” means, as of any particular determination date, the Common
Stock’s fair market value, which will equal:

               (i) the Common Stock’s closing sales price (or the closing bid, if no sales were reported) as
quoted on any exchange or system on the determination date, as reported in The Wall Street Journal
or in such other source as the Administrator deems reliable, but only if the Common Stock is listed
on any established stock exchange or a national market system, including the Nasdaq Global Select
Market, the Nasdaq Global Market, or the Nasdaq Capital Market of The Nasdaq Stock Market;

               (ii) the mean between the Common Stock’s high-bid and low-asked prices on the determination
date, as reported in The Wall Street Journal or such other source as the Administrator deems
reliable, but only if the Common Stock is regularly quoted by a recognized securities dealer, but
selling prices are not reported;

               (iii) the initial price to the public as specified in the final prospectus included within the
Form S-1 registration statement that NextG filed with the Securities and Exchange Commission for
NextG’s the initial public offering, but only for Awards granted on the effective date of NextG’s
first filed and effective registration statement under Exchange Act Section 12, with respect to any
class of NextG’s securities; or

               (iv) the price that the Administrator determines in good faith, but only in the absence of an
established market for the Common Stock.

          (r) “Fiscal Year” means NextG’s fiscal year.

          (s) “Incentive Stock Option” means an Option that is intended to qualify as an
incentive stock option within the meaning of Code Section 422 and the corresponding regulations.

          (t) “NextG” means NextG Networks, Inc., a Delaware corporation, or any successor.

-3-

 

          (u) “Non-Statutory Stock Option” means an Option that, by its terms, does not qualify
or is not intended to qualify as an Incentive Stock Option.

          (v) “Option” means a stock option granted under the Plan.

          (w) “Outside Director” means a Director who is not also an Employee.

          (x) “Participant” means the holder of an outstanding Award.

          (y) “Performance Share” means an Award denominated in Shares, which may be earned in
whole or in part upon attaining performance goals or other vesting criteria as the Administrator
may determine under Section 10.

          (z) “Performance Unit” means an Award that may be earned in whole or in part upon
attaining performance goals or other vesting criteria as the Administrator may determine and that
may be settled for cash, Shares, other securities, or a combination of the foregoing under Section
10.

          (aa) “Person” means any one person, any one entity, or any group comprised of more
than one person and/or entity acting as a group, including owners of a corporation that enters into
a merger, consolidation, stock purchase, stock acquisition, or similar business transaction with
NextG.

          (bb) “Plan” means this 2008 Equity Incentive Plan.

          (cc) “Restricted Stock” means Shares issued as a Restricted Stock award under
Section 7, or issued for an early Option exercise.

          (dd) “Restricted Stock Unit” means an unfunded and unsecured NextG obligation in the
form of a bookkeeping entry that is granted under Section 8 and that represents an amount equal to
the Fair Market Value of one Share.

          (ee) “Restriction Period” means the time period during which transferring Restricted
Stock is subject to restrictions and, therefore, subject to a substantial forfeiture risk, whether
such restrictions are based on time passing, achieving target performance levels, or other events
occurring, in each case as the Administrator determines.

          (ff) “Rule 16b-3” means Exchange Act Rule 16b-3 or any Rule 16b-3 successor, as in
effect as of any particular time.

          (gg) “Section 16(b)” means Exchange Act Section 16(b).

          (hh) “Service Provider” means an Employee, Director, or Consultant.

          (ii) “Share” means one Common Stock share, as adjusted according to Section 14.

-4-

 

          (jj) “Stock Appreciation Right” means an Award, granted alone or in connection with an
Option, that is designated as a Stock Appreciation Right under Section 9.

     3. Available Plan Shares.

          (a) Available Share Formula. Subject to Section 3(b), the maximum aggregate number of
Shares that may be issued under the Plan is 3,420,000 Shares. The Shares may be authorized, but
unissued, or re-acquired Common Stock.

          (b) Automatic Share Increases. The number of Shares available for issuance under the
Plan will be increased on the first day of each Fiscal Year beginning with the 2010 Fiscal Year, in
an amount equal to the least of (i) 3,420,000 Shares, (ii) 3.5% of the number of Shares outstanding
on the last day of the immediately preceding Fiscal Year, and (iii) the number of Shares that the
Board may determine.

          (c) Returned Awards.

               (i) Stock Appreciation Rights. If a Stock Appreciation Right becomes unexercisable
without having been exercised in full or surrendered under an Exchange Program, then only the net
Shares issued under Stock Appreciation Right will no longer be available under the Plan, and all
remaining Shares under Stock Appreciation Rights will remain available for future grant or sale
under the Plan (unless the Plan has terminated).

               (ii) Other Awards. If an Award (A) expires or becomes unexercisable without having
been exercised in full, (B) is surrendered under an Exchange Program, or, (C) with respect to
Restricted Stock, Restricted Stock Units, Performance Units, or Performance Shares, is forfeited to
or repurchased by NextG due to vesting failure, then the unpurchased Shares (or, for Awards other
than Options or Stock Appreciation Rights, the forfeited or repurchased Shares) that were subject
to such Award will become available for future grant or sale under the Plan (unless the Plan has
terminated).

               (iii) Shares Actually Issued. Shares that have actually been issued under any Award
will not be returned to the Plan and will not become available for future distribution under the
Plan; provided that, if Shares issued as Restricted Stock, Restricted Stock Units, Performance
Shares, or Performance Units are repurchased by NextG or are forfeited to NextG, then such Shares
will become available for future grant under the Plan.

               (iv) Shares Otherwise Used. Shares used to pay an Award’s exercise price or to
satisfy an Award’s corresponding tax-withholding obligations will become available for future grant
or sale under the Plan.

               (v) Cash Payments. To the extent that an Award is paid out in cash rather than in
Shares, such cash payment will not reduce the number of Shares available for issuance under the
Plan.

               (vi) Incentive Stock Options. Notwithstanding the foregoing (and subject to any
Section 14 adjustments), the maximum number of Shares that may be issued upon any Incentive Stock
Option exercise will equal the aggregate Share number stated in

-5-

 

Section 3(a), plus, to the extent allowable under Code Section 422 and corresponding treasury
regulations, any Shares that become available for Plan issuances under Section 3(b) and Section
3(c).

          (d) Share Reserve. At all times during this Plan’s term, NextG will reserve and keep
available the number of Shares that are necessary to satisfy this Plan’s requirements.

     4. Plan Administration.

          (a) Procedure.

               (i) Multiple Administrative Bodies. One Committee, or multiple different Committees
with respect to different Service-Provider groups, may administer the Plan, in each case as
determined by Board resolution.

               (ii) Section 162(m). If the Administrator determines to qualify Awards as
“performance-based compensation,” as defined by Code Section 162(m), then the Plan will be
administered by a Committee of two or more “outside directors,” as defined by Code Section 162(m).

               (iii) Rule 16b-3. If the Administrator determines to qualify Plan transactions as
exempt under Rule 16b-3, then the Plan transactions will be structured to satisfy the Rule 16b-3
exemption requirements.

               (iv) Other Administration. Other than as provided above, the Plan will be
administered by the Board or by one or more Committees that satisfy all Applicable Laws.

          (b) Administrator Powers. Subject to this Plan’s provisions, and in a Committee’s
case, subject to the specific duties that the Board delegates to the Committee, the Administrator
will have the authority, in the Administrator’s discretion:

               (i) to determine the Fair Market Value;

               (ii) to select the Service Providers to whom Awards may be granted;

               (iii) to determine the number of Shares to be covered by each granted Award;

               (iv) to approve Award Agreement forms;

               (v) in a manner consistent with the Plan’s terms, to determine the terms and conditions of any
granted Award, including the exercise price, the time or times when Awards may be exercised (which
may be based on performance criteria), any vesting acceleration or waiver of forfeiture
restrictions, and any restriction or limitation regarding any Award or the corresponding Shares,
based in each case on such factors as the Administrator will determine;

-6-

 

               (vi) to institute any Exchange Program, and to determine any Exchange Program’s terms and
conditions;

               (vii) to construe and interpret all Plan terms and all granted Awards;

               (viii) to prescribe, amend, and rescind rules and regulations relating to the Plan, including
rules and regulations relating to sub-plans established to satisfy applicable foreign laws;

               (ix) to modify or amend each Award (subject to Section 19(c)), including the discretionary
authority to extend any Award’s post-termination exercisability period and to extend any Option’s
maximum term (subject to Section 6(b) regarding Incentive Stock Options);

               (x) to allow Participants to satisfy tax-withholding obligations as provided in Section 15;

               (xi) to authorize any person to execute on NextG’s behalf any instrument required to implement
any Award grant that the Administrator previously issued;

               (xii) to allow a Participant to defer receiving cash payments or Share deliveries that would
otherwise be due to the Participant under an Award; and

               (xiii) to make all other determinations that are necessary or advisable to administer the
Plan.

          (c) Administrator Decisions Final. The Administrator’s decisions, determinations, and
interpretations will be conclusive, final, and binding on all Participants and on any other Award
holders.

          (d) No Liability. In connection with the Plan and in connection with their respective
roles relating to the Plan, NextG, the Affiliates, the Administrator, the Board, and the Committees
will not, under any circumstances, be liable for any indirect, incidental, consequential, or
special damages (including lost profits) that any person incurs in whatever form, in each case
whether or not foreseeable and regardless of the claim’s nature, form, name, or characterization.

     5. Eligibility. Non-Statutory Stock Options, Restricted Stock, Restricted Stock
Units, Performance Units, and Performance Shares may be granted to Service Providers. Incentive
Stock Options may be granted only to Employees.

     6. Stock Options.

          (a) Limitations. With respect to Options, each Award Agreement will designate such
Option as either an Incentive Stock Option or as a Non-Statutory Stock Option. However, regardless
of any such designation, to the extent that the aggregate Fair Market Value of any Incentive Stock
Option Shares that are exercisable for the first time by the Participant during any calendar year
(under all NextG and Affiliate plans) exceeds $100,000, then such

-7-

 

Options will be treated as Non-Statutory Stock Options. For this Section 6(a)’s purposes,
Incentive Stock Options will be accounted for in the order in which they were granted. The Fair
Market Value will be determined as of the time that the applicable Option Shares are granted.

          (b) Option Term. With respect to Options, each Award Agreement will specify the
Option term. Each Incentive Stock Option term will be 10 years from the grant date or such shorter
term as the Award Agreement may specify. If the Administrator grants an Incentive Stock Option to
a Participant who, on the grant date, owns stock representing more than 10% of the total combined
voting power of all NextG and all Affiliate stock classes, then the Incentive Stock Option term
will be five years from the grant date or such shorter term as the Award Agreement may specify.

          (c) Option Exercise Price and Consideration.

               (i) Exercise Price. The Administrator will determine the per-Share exercise price for
all Option Shares, but such per-Share exercise price will be at least 100% of the Fair Market Value
on the grant date. However, if the Administrator grants any Incentive Stock Option to any Employee
who, on the grant date, owns stock representing more than 10% of the total combined voting power of
all NextG and all Affiliate stock classes, then the per-Share exercise price will be at least 110%
of the Fair Market Value on the grant date. Notwithstanding this Section 6(c)(i)’s foregoing
provisions, the Administrator may grant Options with a per-Share exercise price of less than 100%
of the Fair Market Value on the grant date in connection with a transaction described in Code
Section 424(a), but only in a manner consistent with Code Section 424(a).

               (ii) Waiting Period and Exercise Dates. When the Administrator grants an Option, the
Administrator will fix the time period during which the Option may be exercised and will determine
any conditions that must be satisfied before the Option may be exercised.

               (iii) Consideration Forms. The Administrator will determine the acceptable
consideration forms required to exercise an Option, including the payment method. For Incentive
Stock Options, the Administrator will determine the acceptable consideration form upon granting the
Option. Any such consideration form may consist entirely of: (A) cash; (B) check; (C) promissory
note, to the extent permitted by Applicable Laws, (D) other Shares, provided that such Shares have
a Fair Market Value on the surrender date equal to the Option Shares’ aggregate exercise price and
also provided that accepting such Shares will not result in any adverse NextG accounting
consequences, as the Administrator determines in the Administrator’s sole discretion;
(E) consideration that NextG receives under any cashless exercise program (whether through a broker
or otherwise) that NextG may implement in connection with the Plan; (F) by net exercise; (G) such
other consideration and payment method to the extent permitted by Applicable Laws; or (H) any
combination of the foregoing payment methods.

-8-

 

          (d) Option Exercise.

               (i) Exercise Terms. In each applicable Award Agreement and according to this Plan’s
terms, the Administrator will determine the times and conditions under which each Option can be
exercised; provided that Options may not be exercised for a fraction of one Share.

               (ii) Exercise Procedure and Payment. To validly exercise an Option, the Option holder
must (A) deliver to NextG an exercise notice in such form as the Administrator may specify from
time to time and (B) deliver to NextG full payment for the Option Shares that the Participant
exercises, along with applicable withholding taxes. The Participant’s full payment may consist of
any consideration and any payment method that the Administrator authorizes to the extent permitted
by the Plan and the Award Agreement. Upon an Option’s valid exercise, NextG will issue the
corresponding Shares in the Participant’s name, or, if the Participant requests, in the name of the
Participant and the Participant’s spouse. Regardless of any such exercise, until the Option Shares
are actually issued (as demonstrated by the appropriate entry on NextG’s books or on the books of a
duly authorized NextG transfer agent), the Participant will not have any voting rights, dividend
rights, or any other stockholder rights with respect to the Option Shares. NextG will issue (or
cause to be issued) such Shares promptly after the Option is exercised. Except as provided in
Section 14, NextG will not adjust for any dividend or other rights for which the record date is
before the Share-issuance date.

               (iii) Service Provider Termination. If a Participant stops being a Service Provider,
other than because of death or Disability, then the Participant may exercise the Participant’s
Option within the time period that is specified in the Award Agreement, but only to the extent that
the Option is vested on the termination date, and, in any event, never later than the Option’s term
expiration as specified in the Award Agreement. If the Award Agreement does not specify the
post-termination exercise time period, then the Option will remain exercisable for 30 days after
the Participant’s termination. Unless the Administrator specifies otherwise, Options Shares that
have not yet vested on the termination date will revert to the Plan. After termination, if the
Participant does not exercise the Participant’s vested Option Shares within the time period that
the Administrator specifies, then the Option will terminate, and the corresponding Option Shares
will revert to the Plan.

               (iv) Participant Disability. If a Participant stops being a Service Provider because
of the Participant’s Disability, then the Participant may exercise the Participant’s Option within
the time period that is specified in the Award Agreement, but only to the extent that the Option is
vested on the Disability termination date, and, in any event, never later than the Option’s term
expiration as specified in the Award Agreement. If the Award Agreement does not specify the
post-termination exercise time period in Disability cases, then the Option will remain exercisable
for 12 months after the Participant’s termination in Disability cases. Unless the Administrator
specifies otherwise, Options Shares that have not yet vested on the termination date will revert to
the Plan. After termination, if the Participant does not exercise the Participant’s vested Option
Shares within the time period determined according to this Section 6(d)(iv), then the Option will
terminate, and the corresponding Option Shares will revert to the Plan.

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               (v) Participant Death. If a Participant dies while a Service Provider, then, after
the Participant’s death, the Participant’s designated beneficiary (if designated to the
Administrator’s satisfaction before the Participant’s death) may exercise the Participant’s Option
within the time period that is specified in the Award Agreement, but only to the extent that the
Option is vested on the death date, and, in any event, never later than the Option’s term
expiration as specified in the Award Agreement. If the Participant’s beneficiary was not
adequately designated, then the Option may be exercised by the Participant’s personal estate
representative, by the person(s) to whom the Option is transferred under the Participant’s will, or
according to descent and distribution laws. If the Award Agreement does not specify the
post-termination exercise time period in death cases, then the Option will remain exercisable for
12 months after the Participant’s termination in death cases. Unless the Administrator specifies
otherwise, Options Shares that have not yet vested on the termination date will revert to the Plan.
After termination, if the Participant’s beneficiary or personal estate representative does not
exercise the Participant’s vested Option Shares within the time period determined according to this
Section 6(d)(v), then the Option will terminate, and the corresponding Option Shares will revert to
the Plan.

     7. Restricted Stock.

          (a) Restricted Stock Grant. Subject to this Plan’s terms and conditions, the
Administrator may grant Restricted Stock to Service Providers in the amounts that the Administrator
determines in the Administrator’s sole discretion.

          (b) Restricted Stock Agreement. For each Restricted Stock Award, the Administrator,
in the Administrator’s sole discretion, will determine the Restriction Period, the amount of
Restricted Stock granted, and all other term and conditions, all of which will be included in a
corresponding Award Agreement. Unless the Administrator determines otherwise, NextG will act as
the escrow agent that will hold Restricted Stock until the applicable corresponding Share
restrictions have lapsed.

          (c) Transferability. Except as provided in this Section 7, Restricted Stock may not
be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated until the
applicable Restriction Period ends.

          (d) Other Restrictions. In the Administrator’s sole discretion, the Administrator may
impose any other restrictions on the Restricted Stock.

          (e) Restriction Removal. Except as otherwise provided in this Section 7, Restricted
Stock that is covered by each Restricted Stock grant will be released from escrow as soon as
practicable after the last Restriction Period day or at such other time as the Administrator may
determine. In the Administrator’s sole discretion, the Administrator may accelerate the date on
which any restrictions will lapse or be removed.

          (f) Voting Rights. During the Restriction Period, Service Providers that hold
Restricted Stock may exercise full voting rights with respect to such Restricted Stock, unless the
Administrator determines otherwise.

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          (g) Dividends and Other Distributions. During the Restriction Period, Service
Providers that hold Restricted Stock will be entitled to receive all dividends and other
distributions paid with respect to such Restricted Stock, unless the Administrator determines
otherwise. If any such dividends or distributions are paid in Shares, then such Shares will be
subject to the same transferability restrictions and forfeiture restrictions as the Restricted
Stock with respect to such Shares were paid.

          (h) Restricted Stock Returns. On the date specified in the Award Agreement, the
Restricted Stock for which restrictions have not lapsed will revert to NextG and again will become
available for grant under the Plan.

     8. Restricted Stock Units.

          (a) Grant. Subject to this Plan’s terms and conditions, the Administrator may grant
Restricted Stock Units in the amounts that the Administrator determines in the Administrator’s sole
discretion. After the Administrator determines that the Administrator will grant Restricted Stock
Units, the Administrator will advise the Participant in an Award Agreement of the terms,
conditions, and restrictions related to the grant, including the number of Restricted Stock Units.

          (b) Vesting Criteria and Other Terms. In the Administrator’s sole discretion, the
Administrator will set all vesting criteria, which, depending on the extent to which the criteria
are met, will determine the number of Restricted Stock Units that will be paid out to the
Participant. The Administrator may set vesting criteria based upon achieving NextG company-wide
goals, business-unit goals, or individual goals (including continued employment), or any other
basis that the Administrator determines in the Administrator’s sole discretion.

          (c) Earning Restricted Stock Units. Upon meeting the applicable vesting criteria, the
Participant will be entitled to receive the corresponding payment as determined by the
Administrator. Notwithstanding the foregoing, at any time after Restricted Stock Units are
granted, the Administrator, in the Administrator’s sole discretion, may reduce or waive any vesting
criteria required to receive the corresponding payment.

          (d) Payment Form and Timing. NextG will pay earned Restricted Stock Units as soon as
practicable after the date or dates that the Administrator determines, as specified in the Award
Agreement. In the Administrator’s sole discretion, the Administrator may only settle earned
Restricted Stock Units in cash, Shares, or a combination of both.

          (e) Cancellation. On the date specified in the Award Agreement, all unearned
Restricted Stock Units will be forfeited to NextG.

     9. Stock Appreciation Rights.

          (a) Stock Appreciation Right Grants. Subject to this Plan’s terms and conditions, the
Administrator may grant Stock Appreciation Rights to any Service Providers.

          (b) Shares. The Administrator will have complete discretion to determine the number
of Stock Appreciation Rights granted to any Service Provider.

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          (c) Exercise Price and Other Terms. The Administrator will determine the per-Share
exercise price for the Shares that will be issued for a Stock Appreciation Right exercise, but the
per-Share exercise price will be at least 100% of the Fair Market Value on the grant date. Subject
to this Plan’s provisions, the Administrator will otherwise have complete discretion to determine
all Stock Appreciation Right terms and conditions.

          (d) Stock Appreciation Right Agreement. For each Stock Appreciation Right granted,
the Award Agreement will specify the exercise price, the Stock Appreciation Right’s term, the
exercise conditions, and such other terms and conditions that the Administrator determines in the
Administrator’s sole discretion.

          (e) Stock Appreciation Right Exercise. The Administrator will determine the date on
which each Stock Appreciation Right will expire, and the expiration date will be specified in the
Award Agreement. Notwithstanding the foregoing, the Section 6(b) rules relating to the maximum
term and the Section 6(d) relating to exercise also will apply to Stock Appreciation Rights.

          (f) Stock Appreciation Right Payment Amount. When a Participant exercises a Stock
Appreciation Right, the Participant will be entitled to receive from NextG a corresponding payment
equal to the product of:

               (i) the difference between one Share’s Fair Market Value on the exercise date over the
exercise price, multiplied by

               (ii) the number of Shares for which the Stock Appreciation Right is exercised.

          (g) Payment Form. In the Administrator’s sole discretion, NextG may pay for the Stock
Appreciation Right exercise in cash, in Shares of equivalent value, or in any combination.

     10. Performance Units and Performance Shares.

          (a) Performance Unit/Share Grants. Subject to this Plan’s terms, the Administrator
may grant Performance Units and Performance Shares. The Administrator will have complete
discretion to determine the number of Performance Units and Performance Shares granted to each
Participant.

          (b) Performance Unit/Share Values. The Administrator will determine the initial value
for each Performance Unit on or before the grant date. Each Performance Share’s initial value will
equal the Fair Market Value on the grant date.

          (c) Performance Objectives and Other Terms. In the Administrator’s sole discretion,
the Administrator will set performance objectives or other vesting provisions (including continued
status as a Service Provider) that, depending on the extent to which they are met, will determine
the number or value of Performance Units or Performance Shares that will be paid to the Service
Provider. The time period during which the Participant must meet the performance objectives or
other vesting provisions will be called the “Performance Period.”

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The grant, exercise price, Performance Period, and other terms and conditions for Performance
Units and Performance Shares will be specified in an Award Agreement. The Administrator may set
performance objectives based upon achieving NextG company-wide goals, business-unit goals, or
individual goals, or any other basis that the Administrator determines in the Administrator’s sole
discretion.

          (d) Earning Performance Units/Shares. After the applicable Performance Period has
ended, the Performance Unit holder or Performance Share holder will be entitled to receive a
corresponding payment of the number of Performance Units or Performance Shares that the Participant
earned over the Performance Period. The Administrator will determine the corresponding payment
amount, if any, as a function of whether performance objectives or other vesting provisions have
been achieved. After granting a Performance Unit or a Performance Share, the Administrator may
reduce or waive any performance objectives or other vesting provisions for such Performance Unit or
Performance Share.

          (e) Performance Unit/Share Payment. NextG will pay for earned Performance Units and
Performance Shares as soon as practicable after the applicable Performance Period expires. In the
Administrator’s sole discretion, the Administrator may pay earned Performance Units and Performance
Shares in the form of cash, in Shares (which have an aggregate Fair Market Value equal to the value
of the earned Performance Units or Performance Shares at the close of the applicable Performance
Period), or in any combination.

          (f) Performance Unit/Share Cancellation. On the date specified in the Award
Agreement, all unearned or unvested Performance Units and Performance Shares will be forfeited to
NextG, and will be available again for grant under the Plan.

     11. Code Section 409A Compliance. Except as the Administrator determines otherwise in
the Administrator’s sole discretion, all Awards will be designed and operated to be either exempt
from Code Section 409A requirements or to comply with Code Section 409A requirements, so that
grants, payments, settlements, or deferral will not be subject to any additional Code Section 409A
tax or interest. The Plan and each Award Agreement is intended to meet all Code Section 409A
requirements and will be construed and interpreted according to such intent, except as otherwise
determined in the Administrator’s sole discretion. To the extent that an Award or payment, or any
Award or payment settlement or deferral, is subject to Code Section 409A, then such Award or
payment will be granted, paid, settled, or deferred in a manner that will meet all Code
Section 409A requirements, so that the grant, payment, settlement, or deferral will not be subject
to any additional Code Section 409A tax or interest.

     12. Leaves of Absence/Transfer Between Locations. Unless the Administrator determines
otherwise, Award vesting will be suspended during any Service Provider’s unpaid leave of absence.
For this Plan’s purposes, a Participant will continue to be considered a Service Provider in the
case of (i) any leave of absence that NextG approves in writing (which will be limited to the
duration specified in such writing , if any) or (ii) any transfers between NextG locations or
between NextG and any Affiliate. For Incentive Stock Options, no such leave may exceed three
months, unless re-employment upon such leave’s expiration is guaranteed by statute or contract. If
re-employment upon a leave’s expiration is not guaranteed, then, six months after the leave’s first
day, any Incentive Stock Option that the Participant holds will no longer be

-13-

 

treated as an Incentive Stock Option and will be treated for tax purposes as a Non-Statutory
Stock Option.

     13. Award Transfers. Except as specifically provided in this Plan and except as the
Administrator may determine otherwise in a particular case, an Award may not be sold, pledged,
assigned, hypothecated, transferred, or disposed of in any manner other than by will or by descent
or distribution laws, and may be exercised only the Participant during the Participant’s lifetime.

     14. Adjustments, Dissolution, Liquidation, Merger, or Control Change.

          (a) Adjustments. Notwithstanding anything to the contrary in this Plan, in the case
of any dividend, other distribution (whether in the form of cash, Shares, other securities, or
other property), recapitalization, stock split, reverse stock split, re-organization, merger,
consolidation, split-up, spin-off, combination, repurchase, or exchange of Shares or other NextG
securities, or in case of any other re-classification or change in NextG’s corporate structure that
affects the Shares, the Administrator will prevent any reduction or expansion of the benefits or
potential benefits intended under this Plan by (i) adjusting the number and class of Shares that
may be delivered under this Plan, (ii) the number, class, and price of Shares covered by each
outstanding Award, (iii) the numerical Share limits in Section 3, and/or (iv) any other appropriate
Award calculations

          (b) Dissolution or Liquidation. If NextG’s proposed dissolution or liquidation is
pending, then the Administrator will notify each Participant as soon as practicable before such
proposed transaction’s effective date. To the extent any Award has not been previously exercised,
the Award will terminate immediately before such proposed transaction is completed.

          (c) Control Change.

               (i) Administrator Determinations. In the case of any Control Change, the
Administrator will determine, without any Participant’s consent, how to treat each outstanding
Award, and such Administrator determination may include requiring that outstanding Awards (i) be
assumed, or substantially equivalent Awards be substituted, by the acquiring or succeeding
corporation (or an affiliate) with appropriate adjustments as to the number and kind of shares and
prices; (ii) be terminated immediately before such transaction is completed with written notice to
the Participant; (iii) vest and become exercisable, realizable, or payable, or that the
restrictions applicable to an Award lapse, in whole or in part before or upon such transaction’s
completion, and, to the extent the Administrator determines, be terminated upon such transaction’s
completion; (iv) (A) be terminated in exchange for an amount of cash and/or property, if any, equal
to the amount that would have been paid upon such Award’s exercise or upon realization of the
Participant’s rights as of the transaction completion date, if any, or (B) be replaced with other
rights or property selected by the Administrator in the Administrator’s sole discretion; or (v) any
combination of the foregoing. In taking any of the actions permitted under this Section 14(c), the
Administrator will not be obligated to similarly treat all Awards, all Awards held by a
Participant, all Participants, or all Awards of the same type.

-14-

 

               (ii) Acceleration. If the successor corporation does not assume or substitute for the
Award for any reason (including any Administrator determination under Section 14(c)(i)), then the
Participant will fully vest in and have the right to exercise all of the Participant’s outstanding
Options and Stock Appreciation Rights, including Shares as to which such Awards would not otherwise
be vested or exercisable, and all restrictions on Restricted Stock and Restricted Stock Units will
lapse, and, with respect to Awards with performance-based vesting, all performance goals or other
vesting criteria will be deemed achieved at 100% of target levels and all other terms and
conditions met. In addition, if an Option or Stock Appreciation Right is not assumed or
substituted in a Control Change, then the Administrator will notify the Participant in writing or
electronically that the Option or Stock Appreciation Right will be exercisable for a time period
that the Administrator determines in the Administrator’s sole discretion, and the Option or Stock
Appreciation Right will terminate upon such time period’s expiration.

               (iii) Assumption Standards. For the purposes of this Section 14(c), an Award will be
considered assumed if, after the Control Change, the Award confers the right to purchase or
receive, for each Share subject to the Award immediately before the Control Change, the
consideration (whether stock, cash, or other securities or property) received in the Control Change
by Common Stock holders for each Share held on the transaction’s effective date (and if holders
were offered a choice of consideration, the consideration type chosen by the holders of a majority
of the outstanding Shares); provided that, if such consideration received in the Control Change is
not solely common stock of the successor corporation or the successor corporation’s parent, then
the Administrator may, with the successor corporation’s consent, provide for the consideration to
be received upon exercising an Option or Stock Appreciation Right or upon the payout of a
Restricted Stock Unit, Performance Unit, or Performance Share, for each Share subject to such
Award, to be solely common stock of the successor corporation or the successor corporation’s parent
equal in fair market value to the per-share consideration received by Common Stock holders in the
Control Change. Notwithstanding anything in this Section 14(c) to the contrary, an Award that
vests, is earned, or is paid-out upon satisfying one or more performance goals will not be
considered assumed if NextG or NextG’s successor modifies any of such performance goals without the
Participant’s consent; provided that a modification to such performance goals only to reflect the
successor corporation’s post-Control-Change corporate structure will not be deemed to invalidate an
otherwise valid Award assumption.

          (d) Outside Director Awards. For Awards that are granted to an Outside Director and
that are assumed or substituted, if the Participant’s status as a Director or a
successor-corporation director, as applicable, is terminated other than upon the Participant’s
voluntary resignation (unless the acquirer requested such resignation), then the Participant will
fully vest in and have the right to exercise Options and Stock Appreciation Rights as to all
corresponding Shares (including those Shares that would not otherwise be vested or exercisable),
and all restrictions on Restricted Stock and Restricted Stock Units will lapse, and, with respect
to Performance Units and Performance Shares, all performance goals or other vesting criteria will
be deemed achieved at 100% of target levels and all other terms and conditions met.

-15-

 

     15. Tax Withholding.

          (a) Withholding Requirements. Before any cash or Shares are delivered under an Award
(or an Award exercise), NextG will have the right to deduct or withhold, or to require a
Participant to remit to NextG, an amount sufficient to satisfy federal, state, local, foreign, or
other taxes (including the Participant’s FICA obligation) that are required to be withheld with
respect to such Award (or such Award’s exercise).

          (b) Withholding Arrangements. In the Administrator’s sole discretion and under such
procedures as the Administrator may specify from time to time, the Administrator may allow a
Participant to satisfy such tax withholding obligation, in whole or in part, by (a) paying cash,
(b) having NextG withhold otherwise deliverable cash or Shares with a Fair Market Value equal to
the minimum statutory amount required to be withheld, or (c) delivering to NextG already-owned
Shares with a Fair Market Value equal to the minimum statutory amount required to be withheld. The
Fair Market Value to be withheld or delivered will be determined as of the date that the taxes are
required to be withheld.

     16. No Employment or Service Effect. Neither this Plan nor any Award will confer upon
any Participant any right with respect to continuing the Participant’s relationship with NextG as a
Service Provider, nor will this Plan or any Award interfere in any way with the Participant’s right
or NextG’s right to terminate such relationship at any time, with or without cause and with or
without notice, to the extent permitted by Applicable Laws.

     17. Grant Date. For all purposes, an Award’s grant date will be the date on which the
Administrator determines to grant such Award, or such other later date as the Administrator
determines. Within a reasonable time after the grant date, the Administrator will give the
Participant notice that the grant date was determined.

     18. Plan Term. Subject to Section 22, this Plan will become effective upon this
Plan’s adoption by the Board or such later effective date as may be specified in the Board’s
resolution adopting this Plan. This Plan will continue in effect for 10 years after the adoption
date, unless terminated earlier under Section 19.

     19. Plan Amendment and Termination.

          (a) Amendment and Termination. At any time and for any reason, the Board may amend,
alter, suspend, or terminate the Plan.

          (b) Stockholder Approval. NextG will obtain stockholder approval of any Plan
amendment to the extent necessary or desirable to comply with Applicable Laws.

          (c) Amendment or Termination Effect. No Plan amendment, alteration, suspension, or
termination will impair any Participant’s rights, unless otherwise mutually agreed by the
Participant and the Administrator, but only if such agreement is in writing and signed by the
Participant and by NextG. This Plan’s termination will not affect the Administrator’s ability to
exercise the powers granted to the Administrator under this Plan with respect to Awards granted
under this Plan before the termination date.

-16-

 

     20. Condition Upon Share Issuances.

          (a) Legal Compliance. NextG will not issue Shares in response to any Award exercise,
unless the exercise and the corresponding Share issuance and delivery will fully comply with all
Applicable Laws, and all exercises will be subject to NextG counsel’s approval with respect to such
compliance.

          (b) Investment Representations. As a condition to exercising an Award, NextG may
require the exercising Participant to represent and warrant that the Participant is purchasing the
Shares only for investment and without any present intention to sell or distribute such Shares if,
in NextG counsel’s opinion, such a representation is required.

     21. Authority Unavailability. NextG’s inability to obtain authority from any
regulatory body that has jurisdiction, which authority NextG’s counsel deems necessary to the
lawful Share issuance and sale under this Plan, will permanently relieve NextG of any liability for
failing to issue or sell such Shares as to which such requisite authority will not have been
obtained.

     22. Stockholder Approval. This Plan will be subject to NextG stockholder approval
within 12 months after NextG’s Board adopts this Plan. Such stockholder approval will be obtained
in the manner and to the degree required under Applicable Laws.

* * * * *

-17-

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