Document:

2012 Equity Incentive Plan

 Exhibit 10.4 
 TRIA BEAUTY, INC. 
 2012 EQUITY INCENTIVE PLAN 

1. Purposes of the Plan. The purposes of this Plan are (a) to attract and retain the best available personnel for positions
of substantial responsibility, (b) to provide additional incentive to Employees, Directors and Consultants, and (c) to promote the success of the Company’s business. The Plan permits the grant of Awards. 

2. Definitions. As used herein, the following definitions will apply: 

(a) “Administrator” means the Compensation Committee, except the Compensation Committee may delegate (i) to one or
more of its members (or one or more other members of the Board (including the full Board)) such of its duties, powers, and responsibilities as it may determine; (ii) to one or more officers of the Company the power to grant Awards to the extent
permitted by Section 157(c) of the Delaware General Corporation Law; and (iii) to such Employees or other persons as it determines such ministerial tasks as it deems appropriate. In the event any delegation described in the preceding
sentence, the term “Administrator” will include the person or persons so delegated to the extent of such delegation. 

(b) “Affiliate” means any corporation or other entity that stands in relationship to the Company that would result in
the Company and such corporation or other entity being treated as one employer under Sections 414(b) and 414(c) of the Code. 

(c) “Applicable Laws” means the requirements relating to the administration of equity-based awards under U.S. state
corporate laws, U.S. federal and state securities laws, the Code, any stock exchange or quotation system on which the Common Stock is listed or quoted and the applicable 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 the
following: 
 (i) Options. 

(ii) Stock Appreciation Rights. 
 (iii) Restricted Stock. 
 (iv) Unrestricted Stock. 

(v) Stock Units, including Restricted Stock Units. 

(vi) Performance Awards. 
 (vii) Awards (other than Awards described in (i) through (vi) above) that are convertible into or otherwise based on Shares. 

  
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 (e) “Award Agreement” means the written or electronic agreement setting
forth the terms and provisions applicable to each Award granted under the Plan. The Award Agreement is subject to the terms and conditions of the Plan. 
 (f) “Board” means the Board of Directors of the Company. 
 (g)
“Code” means the Internal Revenue Code of 1986, as amended. Any reference to a section of the Code herein will be a reference to any successor or amended section of the Code. 

(h) “Covered Transaction” means any of (i) a consolidation, merger, or similar transaction or series of related
transactions, including a sale or other disposition of stock, in which the Company is not the surviving corporation or which results in the acquisition of all or substantially all of the Company’s then outstanding Common Stock by a single
person or entity or by a group of persons and/or entities acting in concert, (ii) a sale or transfer of all or substantially all the Company’s assets, or (iii) a dissolution or liquidation of the Company. Where a Covered Transaction
involves a tender offer that is reasonably expected to be followed by a merger described in clause (i) (as determined by the Administrator), the Covered Transaction will be deemed to have occurred upon consummation of the tender offer.

 (i) “Common Stock” means the common stock of the Company, par value $0.001 per share. 

(j) “Company” means TRIA Beauty, Inc., a Delaware corporation, or any successor thereto. 

(k) “Compensation Committee” means the Compensation Committee of the Board. 

(l) “Consultant” means any person, including an advisor, engaged by the Company or an Affiliate to render services to
such entity. 
 (m) “Director” means a member of the Board. 

(n) “Disability” means total and permanent disability as defined in Section 22(e)(3) of the Code, provided that in
the case of Awards other than Incentive Stock Options, the Administrator in its discretion may determine whether a permanent and total disability exists in accordance with uniform and non-discriminatory standards adopted by the Administrator from
time to time. Notwithstanding the foregoing, in any case in which an Award constitutes or includes “nonqualified deferred compensation” subject to Section 409A of the Code would be payable by reason of Disability, the term
“Disability” shall mean a disability described in Treasury Regulation Section 1.409A-3(i)(4)(i). 
 (o)
“Employee” means any person, including Officers and Directors, employed by the Company or an Affiliate. Neither service as a Director nor payment of a director’s fee by the Company will be sufficient to constitute
“employment” by the Company. 
 (p) “Exchange Act” means the Securities Exchange Act of 1934, as
amended. 

  
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 (q) “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), Awards of a different type, and/or cash and/or (ii) the exercise price of an outstanding Award is
reduced. The Administrator will determine the terms and conditions of any Exchange Program in its sole discretion and any such Exchange Program shall not require stockholder approval. 

(r) “Existing Plan” means the Tria Beauty, Inc. 2004 Stock Plan (as amended November 12, 2008). 

(s) “Fair Market Value” means, as of any date, the value of Common Stock determined, consistent with the applicable
requirements of Section 422 of the Code and Section 409A of the Code, as follows: 
 (i) If the Common
Stock is listed on any established stock exchange or a national market system, including without limitation the Nasdaq Global Select Market, the Nasdaq Global Market or the Nasdaq Capital Market of The Nasdaq Stock Market, its Fair Market Value will
be the closing sales price for such Common Stock (or the closing bid, if no sales were reported) as quoted on such exchange or system on the day of determination, as reported in The Wall Street Journal or such other source as the
Administrator deems reliable; 
 (ii) If the Common Stock is regularly quoted by a recognized securities dealer
but selling prices are not reported, the Fair Market Value of a Share will be the mean between the high bid and low asked prices for the Common Stock on the day of determination, as reported in The Wall Street Journal or such other source as
the Administrator deems reliable; or 
 (iii) In the absence of an established market for the Common Stock, the
Fair Market Value will be determined in good faith by the Administrator. 
 (t) “Incentive Stock Option” means
an Option intended to qualify as an incentive stock option within the meaning of Section 422 of the Code and the regulations promulgated thereunder. Each Option granted pursuant to the Plan will be treated as providing by its terms that it is
to be an Nonstatutory Stock Option unless, as of the date of grant, it is expressly designated as an Incentive Stock Option. 

(u) “Nonstatutory Stock Option” means an Option that by its terms does not qualify or is not intended to qualify as an
Incentive Stock Option. 
 (v) “Officer” means a person who is an officer of the Company within the meaning of
Section 16 of the Exchange Act and the rules and regulations promulgated thereunder. 
 (w) “Option” means
an option entitling the holder to acquire Shares upon payment of the exercise price pursuant to the Plan, which may either be an Incentive Stock Option or a Nonstatutory Stock Option. 

(x) “Parent” means a “parent corporation,” whether now or hereafter existing, as defined in
Section 424(e) of the Code. 

  
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 (y) “Participant” means a person who is granted an Award under the Plan.

 (z) “Performance Award” means an Award subject to Performance Criteria. The Compensation Committee in its
discretion may grant Performance Awards that are intended to qualify as exempt performance-based compensation under Section 162(m) of the Code and Performance Awards that are not intended to so qualify. 

(aa) “Performance Criteria” means specified criteria, other than the mere continuation of employment (or provision of
services) or the mere passage of time, the satisfaction of which is a condition for the grant, exercisability, vesting or full enjoyment of an Award. For purposes of Awards that are intended to qualify for the performance-based compensation
exception under Section 162(m) of the Code, a Performance Criterion will mean an objectively determinable measure of performance relating to any or any combination of the following (measured either absolutely or by reference to an index or
indices or the performance of one or more companies and determined either on a consolidated basis or, as the context permits, on a divisional, subsidiary, line of business, project or geographical basis or in combinations thereof): sales; revenues;
assets; expenses; earnings before or after deduction for all or any portion of interest, taxes, depreciation, or amortization, whether or not on a continuing operations or an aggregate or per share basis; return on equity, investment, capital or
assets; one or more operating ratios; borrowing levels, leverage ratios or credit rating; market share; capital expenditures; cash flow; stock price; stockholder return; sales of particular products or services; customer acquisition or retention;
acquisitions and divestitures (in whole or in part); joint ventures and strategic alliances; spin-offs, split-ups and the like; reorganizations; or recapitalizations, restructurings, financings (issuance of debt or equity) or refinancings. A
Performance Criterion and any targets with respect thereto determined by the Administrator need not be based upon an increase, a positive or improved result or avoidance of loss. To the extent consistent with the requirements for satisfying the
performance-based compensation exception under Section 162(m) of the Code, the Administrator may provide, in the case of any Award intended to qualify for such exception, that one or more of the Performance Criteria applicable to such Award
will be adjusted in an objectively determinable manner to reflect events (for example, the impact of charges for restructurings, discontinued operations, mergers, acquisitions, extraordinary items, and other unusual or non-recurring items, and the
cumulative effects of tax or accounting changes, each as defined by U.S. generally accepted accounting principles) occurring during the Performance Period that affect the applicable Performance Criterion or Criteria. 

(bb) “Period of Restriction” means the period during which the transfer of Shares of Restricted Stock are subject to
restrictions. Such restrictions may be based on the passage of time, the achievement of target levels of performance, or the occurrence of other events as determined by the Administrator. 

(cc) “Plan” means this 2012 Equity Incentive Plan, as amended from time to time. 

(dd) “Registration Date” means the effective date of the first registration statement that is filed by the Company and
declared effective pursuant to Section 12(g) of the Exchange Act, with respect to any class of the Company’s securities. 

  
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 (ee) “Restricted Stock” means Shares subject to restrictions requiring that
they be redelivered or offered for sale to the Company if specified conditions are not satisfied that are issued pursuant to a Restricted Stock award under Section 7 of the Plan, or issued pursuant to the early exercise of an Option.

 (ff) “Restricted Stock Unit” means a Stock Unit that is, or as to which the delivery of Shares or cash in
lieu of Shares is, subject to the satisfaction of specified performance or other vesting conditions. 
 (gg) “Rule
16b-3” means Rule 16b-3 of the Exchange Act or any successor to Rule 16b-3, as in effect when discretion is being exercised with respect to the Plan. 
 (hh) “Service Provider” means an Employee, Officer, Director or Consultant. 
 (ii) “Share” means a share of the Common Stock, as adjusted in accordance with Section 2 of the Plan. 
 (jj) “Stock Appreciation Right” means a right entitling the holder upon exercise to receive an amount (payable in cash or in Shares of equivalent value) equal to the excess of the Fair
Market Value of the Shares subject to the right over the base value from which appreciation under the Stock Appreciation Right is to be measured. 
 (kk) “Stock Unit” means an unfunded and unsecured promise, denominated in Shares, to deliver Shares or cash measured by the value of Shares in the future. 

(ll) “Subsidiary” means a “subsidiary corporation”, whether now or hereafter existing, as defined in
Section 424(f) of the Code. 
 (mm) “Substitute Award” means equity awards of an acquired company that are
converted, replaced, or adjusted in connection with the acquisition. 
 (nn) “Unrestricted Stock” means Shares
not subject to any restrictions under the terms of an Award. 
 3. Limits on Awards Under the Plan. 

(a) Stock Subject to the Plan. Subject to the provisions of Section 12 of the Plan, the maximum aggregate
number of Shares that may be delivered in satisfaction of Awards under the Plan is 2,500,000 Shares, inclusive of 311,650 Shares that, as of the Registration Date, are available for grant under the Existing Plan that are hereby transferred to the
Plan, and, in addition to the 2,500,000 shares, up to 500,000 Shares, if any, that may become available for grant under the Existing Plan after the Registration Date as a result of the repurchase, forfeiture, expiration or cancellation of awards
under the Existing Plan. 
 (b) Automatic Share Reserve Increase. The number of Shares available for issuance under the
Plan will be increased automatically on the first day of each calendar year beginning with the 2013 calendar year, in an amount equal to the least of (i) 2,000,000 Shares, (ii) four percent (4%) of the outstanding Shares on the last
day of the immediately preceding calendar year or (iii) such number of Shares, if any, determined by the Board to the extent the Board takes action with respect to the foregoing (for the avoidance of doubt, if the Board does not take such
action, the number of Shares shall be increased by the lesser of (i) and (ii)). 

  
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 (c) Lapsed Awards. If all or a portion of an Award (i) expires or becomes
unexercisable without having been exercised, (ii) is surrendered pursuant to an Exchange Program, or, (iii) is forfeited to or repurchased by the Company due to failure to vest, the underlying Shares which were subject thereto will become
available again for future grant or sale under the Plan (unless the Plan has terminated). Shares that have actually been issued under the Plan under any Award will not be returned to the Plan and will not become available again for future
distribution under the Plan. For purposes of this Section 3, the number of Shares delivered in satisfaction of an Award will be determined net of Shares withheld by the Company in payment of the exercise price of the Award or in satisfaction of
tax withholding requirements with respect to an Award will become available for future grant or sale under the Plan. For the avoidance of doubt, to the extent an Award under the Plan is paid out in cash rather than Shares, such cash payment will not
result in reducing the number of Shares available for issuance under the Plan. 
 (d) Share Reserve. The Company, during
the term of this Plan, will at all times reserve and keep available such number of Shares as will be sufficient to satisfy the requirements of the Plan. 
 (e) Incentive Stock Options. Up to the total number of Shares set forth in Section 3(a) as increased by Section 3(b) may be issued in satisfaction of Incentive Stock Options, but nothing
in this Section 3(e) shall be construed as requiring that any, or any fixed number of, Incentive Stock Options be awarded under the Plan. The limits set forth in this Section 3 shall be construed to comply with Section 422 of the
Code. 
 (f) Substitute Awards. To the extent consistent with the requirements of Section 422 of the Code and other
applicable requirements (including applicable stock exchange requirements), Shares issued under Substitute Awards shall not reduce the number of Shares available for Awards under the Plan. The Shares which may be delivered under Substitute Awards
shall be in addition to the limitations set forth in this Section 3 on the number of shares available for issuance under the Plan, and such Substitute Awards shall not be subject to the per-Participant Award limits described in
Section 3(g) below. 
 (g) Individual Limits. The maximum number of Shares for which Options may be granted to any
person in any calendar year and the maximum number of Shares subject to Stock Appreciation Rights granted to any person in any calendar year will each be 2,000,000. The maximum number of Shares subject to other Awards granted to any person in any
calendar year will be 1,000,000 Shares. In no event shall the maximum number of Shares granted to any person in a calendar year that are subject to Options, Stock Appreciation Rights or other Awards exceed 2,000,000 Shares. The foregoing provisions
will be construed in a manner consistent with Section 162(m) of the Code. 

  
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 4. Administration of the Plan. 

(a) Procedure. 
 (i) Section 162(m) of the Code. To the extent that the Administrator determines it to be desirable to qualify Awards granted hereunder as “performance-based compensation” within the
meaning of Section 162(m) of the Code, the Plan will be administered by a committee of the Board consisting of of two (2) or more “outside directors” within the meaning of Section 162(m) of the Code. Awards intended to be
exempt from the limitations of Section 162(m) of the Code will not be required to comply with the provisions of this Section 4(a)(i) if and to the extent they are eligible (as determined by the Administrator) for exemption from such
limitations by reason of the post-initial public offering transition relief set forth in Treasury Regulations Section 1.162-27(f). 
 (ii) Rule 16b-3. To the extent desirable to qualify transactions hereunder as exempt under Rule 16b-3, the transactions contemplated hereunder will be structured to satisfy the requirements for
exemption under Rule 16b-3. 
 (iii) Securities Law. Each Compensation Committee member must be
independent, within the meaning of and to the extent required by applicable rulings and interpretations of the Securities and Exchange Commission and the applicable stock exchange on which Shares trade or are listed or quoted. For the avoidance of
doubt and without limitation, the requirements of the preceding sentence will apply other than at such time as the Company is treated as a “controlled company” under applicable stock exchange listing rules. 

(b) Powers of the Administrator. Subject to the provisions of the Plan, the Administrator will have the authority, in its
discretion: 
 (i) to determine the Fair Market Value; 

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

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

(iv) to approve forms of Award Agreements for use under the Plan; 

(v) to determine the terms and conditions, not inconsistent with the terms of the Plan, of any Award granted hereunder.
Such terms and conditions include, but are not limited to, 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, whether Awards
will be settled in cash or in Shares, and any restriction or limitation regarding any Award or the Shares relating thereto, based in each case on such factors as the Administrator will determine; 

(vi) to determine the terms and conditions of any, and to institute any Exchange Program; 

  
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 (vii) to construe and interpret the terms of the Plan and Awards granted
pursuant to the Plan; 
 (viii) to prescribe, amend and rescind rules and regulations relating to the Plan,
including rules and regulations relating to sub-plans established for the purpose of satisfying applicable foreign laws; 
 (ix) to modify or amend each Award (subject to Section 21 of the Plan), including but not limited to the discretionary authority to extend the post-termination exercisability period of Awards (but
not beyond the original term); 
 (x) to allow Participants to satisfy withholding tax requirements in such
manner as prescribed in Section 13; 
 (xi) to authorize any person to execute on behalf of the Company any
instrument required to effect the grant of an Award previously granted by the Administrator; and 
 (xii) to make
all other determinations deemed necessary or advisable for administering the Plan. 
 (c) Effect of
Administrator’s Decision. The Administrator’s decisions, determinations and interpretations will be final and binding on all parties. 
 5. Eligibility. The Administrator will select Participants from among those key Employees and Directors of, and Consultants to, the Company and its Affiliates who, in the opinion of the
Administrator, are in a position to make a significant contribution to the success of the Company and its Affiliates; provided, that, subject to such express exceptions, if any, as the Administrator may establish, eligibility will be
further limited to those persons as to whom the use of a Form S-8 registration statement is permissible. Eligibility for Incentive Stock Options is limited to Employees of the Company or of a Parent or Subsidiary. Eligibility for Options
other than Incentive Stock Options is limited to individuals described in the first sentence of this Section 5 who are providing direct services on the date of grant of the Option to the Company or to a subsidiary of the Company that would be
described in the first sentence of Treasury Regulation Section 1.409A-1(b)(5)(iii)(E). 
 6. Stock Options and Stock
Appreciation Rights. 
 (a) Maximum Term. Options and Stock Appreciation Rights will have a
maximum term not to exceed ten (10) years from the date of grant (or five (5) years from the date of grant in the case of an Incentive Stock Option granted to a ten-percent stockholder within the meaning of Section 422(b)(6) of the
Code); provided, however, that, if a Participant still holding an outstanding but unexercised Nonstatutory Stock Option or Stock Appreciation Right ten (10) years from the date of grant (or, in the case of an Nonstatutory Stock Option or Stock
Appreciation Right with a maximum term of less than ten (10) years, such maximum term) and at such time is prohibited by Applicable Law or a written policy of the Company applicable to similarly situated employees from engaging in open-market
sales of Shares, the maximum term of such Award will instead be deemed to expire on the thirtieth (30th) day following the date the Participant is no longer prohibited from engaging in such open-market sales. 

  
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 (b) Option Exercise Price and Consideration. 

(i) Exercise Price. The per share exercise price (or the base value from which appreciation is to be measured) of
each Option and Stock Appreciation Right will be no less than 100% (or in the case of an Incentive Stock Option granted to a ten-percent stockholder within the meaning of Section 422(b)(6) of the Code, 110%) of the Fair Market Value of the
Shares subject to the Award, determined as of the date of grant, or such higher amount as the Administrator may determine in connection with the grant. 
 (ii) Waiting Period and Exercise Dates. At the time an Option or Stock Appreciation Right is granted, the Administrator will fix the period within which the Award may be exercised and will
determine any conditions that must be satisfied before the Award may be exercised. 
 (iii) Form of
Consideration. The Administrator will determine the acceptable form of consideration for exercising an Option or Stock Appreciation Right, including the method of payment. In the case of an Incentive Stock Option, the Administrator will
determine the acceptable form of consideration at the time of grant. Such consideration may consist of: (1) cash; (2) check; or (3) other Shares, provided that such Shares have a Fair Market Value on the date of surrender equal to the
aggregate exercise price of the Shares as to which such Award will be exercised and provided that accepting such Shares, in the sole discretion of the Administrator, will not result in any adverse accounting consequences to the Company;
(4) consideration received by the Company under a broker-assisted (or other) cashless exercise program implemented by the Company in connection with the Plan; (5) any combination of the foregoing methods of payment; or (6) such other
consideration and method of payment for the issuance of Shares to the extent permitted by Applicable Laws. 
 (c) Exercise of
Option. 
 (i) Procedure for Exercise; Rights as a Stockholder. Any Option or Stock Appreciation Right
granted hereunder will be exercisable according to the terms of the Plan and at such times and under such conditions as determined by the Administrator and set forth in the Award Agreement. An Award may not be exercised for a fraction of a Share. An
Option or Stock Appreciation Right will be deemed exercised when the Company receives: (1) notice of exercise (in such form as the Administrator may specify from time to time) from the person entitled to exercise the Award, and (2) full
payment for the Shares with respect to which the Award is exercised. Full payment may consist of any consideration and method of payment authorized by the Administrator and permitted by the Award Agreement and the Plan. Shares issued upon exercise
of an Option or Stock Appreciation Right will be issued in the name of the Participant or, if requested by the Participant, in the name of the Participant and his or her spouse. Until the Shares are issued, no right to vote or receive dividends or
any other rights as a stockholder will exist with respect to the Shares subject to an Option or Stock Appreciation Right, notwithstanding the exercise of the Option or Stock Appreciation Right. The Company will issue (or cause to be issued) such
Shares promptly after the Option or Stock Appreciation Right is exercised. No adjustment will be made for a dividend or other right for which the record date is prior to the date the Shares are issued, except as provided in Section 12 of the
Plan. 

  
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 (ii) Termination of Relationship as a Service Provider. If a
Participant ceases to be a Service Provider, other than upon the Participant’s termination as the result of the Participant’s death or Disability, the Participant may exercise his or her Option or Stock Appreciation Right within such
period of time as is specified in the Award Agreement to the extent that the Award is vested on the date of termination (but in no event later than the expiration of the term of such Award as set forth in the Award Agreement). In the absence of a
specified time in the Award Agreement, a vested Option or Stock Appreciation Right will remain exercisable for the lesser of (1) a period of three (3) months following the Participant’s termination or (2) the period ending on the
latest date on which such Option or Stock Appreciation Right could have been exercised without regard to this Section 6(c)(ii), and will thereupon immediately terminate. Unless otherwise provided by the Administrator, if on the date of
termination the Participant is not vested as to his or her entire Option or Stock Appreciation Right, the Shares covered by the unvested portion of the Award will be forfeited by the Participant. 

(iii) Disability of Participant. If a Participant ceases to be a Service Provider as a result of the
Participant’s Disability, the Participant may exercise his or her Option or Stock Appreciation Right within such period of time as is specified in the Award Agreement to the extent the Award is vested on the date of termination (but in no event
later than the expiration of the term of such Award as set forth in the Award Agreement). In the absence of a specified time in the Award Agreement, a vested Option or Stock Appreciation Right will remain exercisable for the lesser of (1) a
period of twelve (12) months following the Participant’s termination or (2) the period ending on the latest date on which such Option or Stock Appreciation Right could have been exercised without regard to this Section 6(c)(iii),
and will thereupon immediately terminate. Unless otherwise provided by the Administrator, if on the date of termination the Participant is not vested as to his or her entire Option or Stock Appreciation Right, the Shares covered by the unvested
portion of the Award will be forfeited by the Participant. 
 (iv) Death of Participant. If a Participant
dies while a Service Provider, the Option or Stock Appreciation Right may be exercised following the Participant’s death within such period of time as is specified in the Award Agreement to the extent that the Award is vested on the date of
death (but in no event later than the expiration of the term of such Award as set forth in the Award Agreement), by the Participant’s designated beneficiary, provided such beneficiary has been designated prior to Participant’s death in a
form acceptable to the Administrator. If no such beneficiary has been designated by the Participant, then such Option or Stock Appreciation Right may be exercised by the personal representative of the Participant’s estate or by the person(s) to
whom the Award is transferred pursuant to the Participant’s will or in accordance with the laws of descent and distribution. In the absence of a specified time in the Award Agreement, the Option or Stock Appreciation Right will remain
exercisable for the lesser of (1) a period of twelve (12) months following Participant’s death or (2) the period ending on the latest date on which such Option or Stock Appreciation Right could have been exercised without regard
to this Section 6(c)(iv), and will thereupon immediately terminate. Unless otherwise provided by the Administrator, if at the time of death Participant is not vested as to his or her entire Option or Stock Appreciation Right, the Shares covered
by the unvested portion of the Award will be forfeited by the Participant. 

  
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 7. Restricted Stock and Unrestricted Stock. 

(a) Grant. Subject to the terms and provisions of the Plan, the Administrator, at any time and from time to time, may grant Shares
of Restricted Stock or Unrestricted Stock to Service Providers in such amounts as the Administrator, in its sole discretion, will determine. 
 (b) Award Agreement. Each grant of Restricted Stock and Unrestricted Stock will be evidenced by an Award Agreement that will specify the Period of Restriction, if any, the number of Shares granted,
and such other terms and conditions as the Administrator, in its sole discretion, will determine. Unless the Administrator determines otherwise, the Company as escrow agent will hold Shares of Restricted Stock until the restrictions on such Shares
have lapsed. 
 (c) Transferability. Except as provided in this Section 7, Shares of Restricted Stock may not be
sold, transferred, pledged, assigned, or otherwise alienated or hypothecated until the end of the applicable Period of Restriction. 
 (d) Other Restrictions. The Administrator, in its sole discretion, may impose such other restrictions on Shares of Restricted Stock or Unrestricted Stock as it may deem advisable or appropriate.

 (e) Removal of Restrictions. Except as otherwise provided in this Section 7, Shares of Restricted Stock covered
by each Restricted Stock grant made under the Plan will be released from escrow as soon as practicable after the last day of the Period of Restriction or at such other time as the Administrator may determine. The Administrator, in its discretion,
may accelerate the time at which any restrictions will lapse or be removed. 
 (f) Voting Rights. During the Period of
Restriction, Service Providers holding Shares of Restricted Stock granted hereunder may exercise full voting rights with respect to those Shares, unless the Administrator determines otherwise. 

(g) Dividends and Other Distributions. During the Period of Restriction, Service Providers holding Shares of Restricted Stock will
be entitled to receive all dividends and other distributions paid with respect to such Shares, unless the Administrator provides otherwise. If any such dividends or distributions are paid in Shares, the Shares will be subject to the same
restrictions on transferability and forfeitability as the Shares of Restricted Stock with respect to which they were paid. 

(h) Return of Restricted Stock to Company. On the date set forth in the Award Agreement, the Restricted Stock for which
restrictions have not lapsed will be forfeited by the Participant and returned to the Company. 
 8. Stock Units and
Restricted Stock Units. 
 (a) Grant. Stock Units and Restricted Stock Units may be granted at any time and from time
to time as determined by the Administrator. After the Administrator determines that it will grant Stock Units or Restricted Stock Units under the Plan, it 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. 

  
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 (b) Vesting Criteria and Other Terms. The Administrator will set vesting criteria in
its discretion, which, depending on the extent to which the criteria are met, will determine the number of Shares or the amount of cash that will be distributed or paid out to the Participant with respect to Stock Units and Restricted Stock Units.
The Administrator may set vesting criteria based upon the achievement of Company-wide, business unit, or individual goals (including, but not limited to, continued employment or provision of services), or any other basis determined by the
Administrator in its discretion. Notwithstanding the foregoing, at any time after the grant of Restricted Stock Units, the Administrator, in its sole discretion, may reduce or waive any vesting criteria that must be met to receive a payout.

 (c) Form and Timing of Payment. Payment of Stock Units and vested Restricted Stock Units will be made as soon as
practicable after the date(s) determined by the Administrator and set forth in the Award Agreement. The Administrator, in its sole discretion, may settle Stock Units and vested Restricted Stock Units in cash, Shares, or a combination of both.

 (d) Cancellation. On the date set forth in the Award Agreement, all unvested Restricted Stock Units will be forfeited
by the Participant. 
 9. Other Awards. The Administrator, in its sole discretion, may grant Awards, including
Performance Awards, which shall be in such form, and dependent on such conditions, as the Administrator shall determine. Subject to the provisions of the Plan, the Administrator shall determine to whom and when Awards other than Stock Options, Stock
Appreciation Rights, Restricted Stock, Unrestricted Stock, Stock Units, and Restricted Stock Units will be made, the number of Shares to be awarded under (or otherwise related to) such Awards, the Performance Criteria, if any, to which an Award is
subject, whether such Awards shall be settled in cash, Shares or a combination of cash and Shares, and all other terms and conditions of such Awards not inconsistent with the terms of the Plan (including, without limitation, the vesting provisions
thereof and provisions ensuring that all Shares so awarded and issued shall be fully paid and non-assessable). 
 10. Leaves of Absence/Transfer Between Locations. Unless the Administrator provides otherwise, vesting of Awards granted hereunder will be suspended during any unpaid leave of absence. A Service
Provider will not cease to be an Employee in the case of (i) any leave of absence approved by the Company or (ii) transfers between locations of the Company or between the Company, its Parent, or any Subsidiary. For purposes of Incentive
Stock Options, no such leave may exceed ninety (90) days, unless reemployment upon expiration of such leave is guaranteed by statute or contract. If reemployment upon expiration of a leave of absence approved by the Company is not so
guaranteed, then three (3) months following the ninety-first (91st) day of such leave any Incentive Stock Option held by the Participant will cease to be treated as an Incentive Stock Option and will be treated for tax purposes as a Nonstatutory Stock Option.

 11. Transferability of Awards. Unless determined otherwise by the Administrator, an Award may not be sold, pledged,
assigned, hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent or distribution and may be exercised, during the lifetime of the Participant, only by the Participant. If the Administrator makes an Award
transferable, such Award will contain such additional terms and conditions as the Administrator deems appropriate. 

  
 12 

 12. Adjustments; Covered Transactions. 

(a) Adjustments. 
 (i) In the event of a stock dividend, stock split or combination of shares (including a reverse stock split), recapitalization or other change in the Company’s capital structure that constitutes an
equity restructuring within the meaning of FASB ASC 718, the Administrator will make appropriate adjustments to the maximum number of shares specified in Section 3(a) that may be delivered under the Plan and to the maximum share limits
described in Section 3(g) and will also make appropriate adjustments to the number and kind of shares of stock or securities subject to Awards then outstanding or subsequently granted, any exercise prices relating to Awards and any other
provision of Awards affected by such change. 
 (ii) The Administrator may provide for the payment of amounts (on
terms and subject to conditions established by the Administrator) in lieu of cash dividends or other cash distributions with respect to Shares subject to an Award whether or not the holder of such Award is otherwise entitled to share in the actual
dividend or distribution in respect of such Award. Any entitlement to dividend equivalents or similar entitlements will be established and administered either consistent with an exemption from, or in compliance with, the requirements of
Section 409A of the Code. Dividends or dividend equivalent amounts payable in respect of Awards that are subject to restrictions may be subject to such limits or restrictions as the Administrator may impose. 

(iii) The Administrator may also make adjustments of the type described in Section 12(a)(i) above to take into
account distributions to stockholders other than those provided for in Section 12(b) and 12(a)(i), or any other event, if the Administrator determines that adjustments are appropriate to avoid distortion in the operation of the Plan, having due
regard for the qualification of Incentive Stock Options under Section 422 of the Code, the requirements of Section 409A of the Code, and for the performance-based compensation rules of Section 162(m) of the Code, where applicable.

 (b) Covered Transaction. Except as otherwise provided in an Award Agreement, the following provisions will apply in
the event of a Covered Transaction: 
 (i) Assumption or Substitution. If the Covered Transaction is one
in which there is an acquiring or surviving entity, the Administrator may (but, for the avoidance of doubt, need not) provide (1) for the assumption or continuation of some or all outstanding Awards or any portion thereof or (2) for the
grant of new awards in substitution therefor by the acquiror or survivor or an affiliate of the acquiror or survivor. 
 (ii) Cash-Out of Awards. Subject to Section 12(d), the Administrator may (but, for the avoidance of doubt, need not) provide for payment (a “cash-out”), with respect to some or all
Awards or any portion thereof, equal in the case of each affected Award or portion thereof to the excess, if any, of (1) the Fair Market Value of one Share (as determined by the Administrator in its reasonable discretion) times the number of
Shares subject to the Award or such portion, over (2) the aggregate exercise or purchase price, if any, under the Award or such portion (in the case of an Stock Appreciation Right, the aggregate base value above which appreciation is measured),
in each case on such payment terms (which need not be the same as the terms of payment to holders of Shares) and other terms, and subject to such conditions, as the Administrator determines. 

  
 13 

 (iii) Acceleration of Certain Awards. Subject to Section 12(d),
the Administrator may (but, for the avoidance of doubt, need not) provide that each Award requiring exercise will become exercisable, in full or in part and/or that the delivery of any Shares remaining deliverable under each outstanding Award of
Stock Units (including Restricted Stock Units and Performance Awards to the extent consisting of Stock Units) will be accelerated in full or in part, in each case on a basis that gives the holder of the Award a reasonable opportunity, as determined
by the Administrator, following exercise of the Award or the delivery of the Shares, as the case may be, to participate as a stockholder in the Covered Transaction. 
 (c) Termination of Awards Upon Consummation of Covered Transaction. Each Award will terminate upon consummation of the Covered Transaction, other than the following: (1) Awards assumed
pursuant to Section 12(b)(i); and (2) outstanding shares of Restricted Stock (which will be treated in the same manner as other Shares, subject to Section 12(d)). 

(d) Additional Limitations. Any Share and any cash or other property delivered pursuant to Section 12(b)(ii) or
Section 12(b)(iii) above with respect to an Award may, in the discretion of the Administrator, contain such restrictions, if any, as the Administrator deems appropriate to reflect any performance or other vesting conditions to which the Award
was subject and that did not lapse (and were not satisfied) in connection with the Covered Transaction. For purposes of the immediately preceding sentence, a cash-out under Section 12(b)(ii) or acceleration under Section 12(b)(iii) will
not, in and of itself, be treated as the lapsing (or satisfaction) of a performance or other vesting condition. In the case of Restricted Stock that does not vest in connection with the Covered Transaction, the Administrator may require that any
amounts delivered, exchanged or otherwise paid in respect of such Shares in connection with the Covered Transaction be placed in escrow or otherwise made subject to such restrictions as the Administrator deems appropriate to carry out the intent of
the Plan. 
 13. Tax Withholding. The delivery, vesting and retention of Shares or cash pursuant to an Award are
conditioned upon full satisfaction by the Participant of all tax withholding requirements with respect to the Award. The Administrator will prescribe such rules for the withholding of taxes as it deems necessary. The Administrator may, but need not,
hold back Shares from an Award or permit a Participant to tender previously owned Shares in satisfaction of tax withholding requirements (but not in excess of the minimum withholding required by law). 

14. Section 162(m) of the Code. In the case of any Performance Award (other than an Option or Stock Appreciation Right)
intended to qualify for the performance-based compensation exception under Section 162(m) of the Code, the Administrator will establish the applicable Performance Criterion or Criteria in writing no later than 90 days after the commencement of
the period of service to which the performance relates (or at such earlier time as is required to qualify the Award as performance-based under Section 162(m) of the Code) and, prior to the event or occurrence (grant, vesting or payment, as the
case may be) that is conditioned on the attainment of such Performance Criterion or Criteria, will certify whether it or they have been attained. The preceding sentence will not apply to an Award eligible (as determined by the Administrator) for
exemption from the limitations of Section 162(m) of the Code by reason of the post-initial public offering transition relief in Section 1.162-27(f) of the Treasury Regulations. 

  
 14 

 15. Section 409A of the Code. Each Award shall contain such terms as the
Administrator determines, and shall be construed and administered, such that the Award either qualifies for an exemption from the requirements of Section 409A of the Code or satisfies such requirements. 

16. Coordination with Other Plans. Awards under the Plan may be granted in tandem with, or in satisfaction of or substitution for,
other Awards under the Plan or awards made under other compensatory plans or programs of the Company or its Affiliates. For example, but without limiting the generality of the foregoing, awards under other compensatory plans or programs of the
Company or its Affiliates may be settled in Shares (including, without limitation, Unrestricted Stock) if the Administrator so determines, in which case the shares delivered will be treated as awarded under the Plan (and will reduce the number of
shares thereafter available under the Plan in accordance with the rules set forth in Section 3). In any case where an award is made under another plan or program of the Company or its Affiliates and such award is intended to qualify for the
performance-based compensation exception under Section 162(m) of the Code, and such award is settled by the delivery of stock or another Award under the Plan, the applicable limitations of Section 162(m) of the Code under both the other
plan or program and under the Plan will be applied to the Plan as necessary (as determined by the Administrator) to preserve the availability of the performance-based compensation exception under Section 162(m) of the Code with respect thereto.

 17. Additional Restrictions. The Administrator may cancel, rescind, withhold or otherwise limit or restrict any Award
at any time if the Participant is not in compliance with all applicable provisions of the Award Agreement and the Plan, or if the Participant breaches any agreement with the Company or its Affiliates with respect to non-competition, non-solicitation
or confidentiality. Without limiting the generality of the foregoing, the Administrator may recover Awards made under the Plan and payments under or gain in respect of any Award to the extent required to comply with Section 10D of the Exchange
Act or any stock exchange or similar rule adopted under said Section. 
 18. No Effect on Employment or Service; Rights
Limited. Neither the Plan nor any Award will confer upon a Participant any right with respect to continuing the Participant’s relationship as a Service Provider with the Company, nor will they interfere in any way with the
Participant’s right or the Company’s right to terminate such relationship at any time, with or without cause, to the extent permitted by Applicable Laws. The loss of existing or potential profit in Awards will not constitute an element of
damages in the event of the Participant ceases to be a Service Provider for any reason, even if the termination is in violation of an obligation of the Company or any Affiliate to the Participant. 

19. Date of Grant. The date of grant of an Award will be, for all purposes, the date on which the Administrator makes the
determination granting such Award, or such other later date as is determined by the Administrator. Notice of the determination will be provided to each Participant within a reasonable time after the date of such grant. 

  
 15 

 20. Term of Plan. Subject to Section 24 of the Plan, the Plan will become
effective upon its adoption by the Board. It will continue in effect for a term of ten (10) years from the date adopted by the Board, unless terminated earlier under Section 21 of the Plan. 

21. Amendment and Termination of the Plan. The Administrator may at any time or times amend the Plan or any outstanding Award for
any purpose which may at the time be permitted by law, and may at any time terminate the Plan as to any future grants of Awards; provided, that except as otherwise expressly provided in the Plan the Administrator may not, without the
Participant’s consent, alter the terms of an Award so as to affect materially and adversely the Participant’s rights under the Award, unless the Administrator expressly reserved the right to do so at the time the Award was granted. In
furtherance of the foregoing, the Administrator may, without stockholder approval, amend any outstanding Award requiring exercise to provide an exercise price (or base value, in the case of an Stock Appreciation Right) per share that is lower than
the then-current exercise price (or base value) per share of such outstanding Award (but not lower than the exercise price or base value at which a new Award of the same type could be granted on the date of such amendment). Any amendments to the
Plan will be conditioned upon stockholder approval only to the extent, if any, such approval is required by law (including the Code and applicable stock exchange requirements), as determined by the Administrator. 

22. Conditions Upon Issuance of Shares. 
 (a) Legal Compliance. The Company will not be obligated to deliver any Shares pursuant to the Plan or to remove any restriction from Shares previously delivered under the Plan until the Company is
satisfied that the issuance and delivery of such Shares will comply with Applicable Laws and the delivery of Shares will be further subject to the approval of counsel for the Company with respect to such compliance. Any Shares required to be issued
to Participants under the Plan will be evidenced in such manner as the Administrator may deem appropriate, including book-entry registration or delivery of stock certificates. In the event that the Administrator determines that stock certificates
will be issued to Participants under the Plan, the Administrator may require that certificates evidencing Shares issued under the Plan bear an appropriate legend reflecting any restriction on transfer applicable to such Shares, and the Company may
hold the certificates pending lapse of the applicable restrictions. 
 (b) Investment Representations. As a condition to
the exercise of an Award, the Company may require the person exercising such Award to represent and warrant at the time of any such exercise that the Shares are being purchased only for investment and without any present intention to sell or
distribute such Shares if, in the opinion of counsel for the Company, such a representation is required. 
 23. Inability to
Obtain Authority. The inability of the Company to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any Shares hereunder,
will relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such requisite authority will not have been obtained. 
 24. Stockholder Approval. The Plan will be subject to approval by the stockholders of the Company within twelve (12) months after the date the Plan is adopted by the Board. Such stockholder
approval will be obtained in the manner and to the degree required under Applicable Laws. 

  
 16Registration Agreement, dated as of July 8, 2011

 Exhibit 10.6 
 Execution Copy 
 SPIRIT FINANCE CORPORATION 

REGISTRATION AGREEMENT 
 This REGISTRATION AGREEMENT (this “Agreement”) is made as of July 8, 2011, among Spirit Finance Corporation, a Maryland corporation (the “Company”), and each of the
Persons listed on the Schedule of Participating Lenders attached hereto (the “Participating Lenders”). Except as otherwise specified herein, all capitalized terms used in this Agreement are defined in Section 1.

 The Company and the Participating Lenders are parties to a Conversion Agreement dated as of the date hereof (the
“Conversion Agreement”), pursuant to which the Participating Lenders have granted the Company certain rights with respect to the conversion of all or a portion of the term loans held by each of the Participating Lenders. In order to
induce the Participating Lenders to enter into the Conversion Agreement, the Company has agreed to provide the registration rights set forth in this Agreement. 
 NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties to this
Agreement hereby agree as follows: 
 Section 1. Definitions. Unless otherwise set forth below or elsewhere in this
Agreement, other capitalized terms contained herein have the meanings set forth in the Conversion Agreement. 
 “Capital
Stock” means (i) with respect to any Person that is a corporation, any and all shares, interests or equivalents in capital stock of such corporation (whether voting or nonvoting and whether common or preferred) and (ii) with
respect to any Person that is not a corporation, individual or governmental entity, any and all partnership, membership, limited liability company or other equity interests of such Person that confer on the holder thereof the right to receive a
share of the profits and losses of, or the distribution of assets of, the issuing Person, including in each case any and all warrants, rights (including conversion and exchange rights) and options to purchase any of the foregoing. 

“Common Stock” means (i) the Company’s common stock, par value $0.01 per share, (ii) any securities of
the Company or any successor or assign of the Company into which such stock is reclassified or reconstituted or into which such stock is converted or otherwise exchanged in connection with a combination of shares, recapitalization, merger, sale of
assets, consolidation or other reorganization or otherwise, and (iii) any securities received as a dividend or distribution in respect of the securities described in clauses (i) and (ii) above. 

“Company” has the meaning set forth in the preamble. 

“Conversion Agreement” has the meaning set forth in the recitals. 

 “Exchange Act” means the Securities Exchange Act of 1934, as amended from
time to time, or any successor federal law then in force, together with all rules and regulations promulgated thereunder. 

“Expiration Date” means the earlier of (i) two years from the issuance of the Registrable Securities and
(ii) such time as all of the Registrable Securities registered pursuant to the Shelf Registration have ceased to be Registrable Securities. 
 “FINRA” means the Financial Industry Regulatory Authority. 

“Follow-On Holdback Period” has the meaning set forth in Section 3(b). 

“Free Writing Prospectus” means a free-writing prospectus, as defined in Rule 405. 

“Holdback Extension” has the meaning set forth in Section 3(c). 

“Holdback Period” has the meaning set forth in Section 3(a). 

“Indemnified Parties” has the meaning set forth in Section 6(a). 

“Participating Lenders” has the meaning set forth in the recitals. 

“Person” means an individual, a partnership, a corporation, a limited liability company, an association, a joint stock
company, a trust, a joint venture, an unincorporated organization and a governmental entity or any department, agency or political subdivision 
 “Public Offering” means any sale or distribution by the Company and/or holders of Capital Stock of the Company to the public of Capital Stock of the Company pursuant to an offering
registered under the Securities Act. 
 “Qualifying IPO” has the meaning set forth in the Conversion Agreement.

 “Registrable Securities” means any Common Stock issued pursuant to the Conversion Agreement and any other
securities issued in respect of such Common Stock pursuant to clauses (ii) and (iii) of the definition of Common Stock set forth above in this Section 1. As to any particular Registrable Securities, such securities shall cease
to be Registrable Securities when they have been (a) sold or distributed pursuant to a Public Offering, (b) sold in compliance with Rule 144 following the consummation of the Company’s initial Public Offering or (c) repurchased
by the Company or a Subsidiary of the Company. For purposes of this Agreement, a Person shall be deemed to be a holder of Registrable Securities, and the Registrable Securities shall be deemed to be in existence, whenever such Person has the right
to acquire, directly or indirectly, such Registrable Securities (upon conversion or exercise in connection with a transfer of securities or otherwise, but disregarding any restrictions or limitations upon the exercise of such right), whether or not
such acquisition has actually been effected, and such Person shall be entitled to exercise the rights of a holder of Registrable Securities hereunder; provided a holder of Registrable Securities may only request that Registrable Securities
that constitute Common Stock to be registered pursuant to this Agreement. 

  
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 “Registration Expenses” has the meaning set forth in
Section 5(a). 
 “Rule 144”, “Rule 158”, “Rule 405”,
“Rule 415” and “Rule 462” mean, in each case, such rule promulgated under the Securities Act (or any successor provision) by the Securities and Exchange Commission, as the same shall be amended from time to time, or
any successor rule then in force. 
 “Sale Transaction” has the meaning set forth in Section 3(a).

 “Securities” has the meaning set forth in Section 3(a). 

“Securities Act” means the Securities Act of 1933, as amended from time to time, or any successor federal law then in
force, together with all rules and regulations promulgated thereunder. 
 “Shelf Registration” has the meaning
set forth in Section 2(a). 
 “Subsidiary” means, with respect to the Company, any corporation,
limited liability company, partnership, association or other business entity of which (i) if a corporation, a majority of the total voting power of shares of stock entitled (without regard to the occurrence of any contingency) to vote in the
election of directors, managers or trustees thereof is at the time owned or controlled, directly or indirectly, by the Company or one or more of the other Subsidiaries of the Company or a combination thereof, or (ii) if a limited liability
company, partnership, association or other business entity, a majority of the limited liability company, partnership or other similar ownership interest thereof is at the time owned or controlled, directly or indirectly, by the Company or one or
more Subsidiaries of the Company or a combination thereof. For purposes hereof, a Person or Persons shall be deemed to have a majority ownership interest in a limited liability company, partnership, association or other business entity if such
Person or Persons shall be allocated a majority of limited liability company, partnership, association or other business entity gains or losses or shall be or control the managing director or general partner of such limited liability company,
partnership, association or other business entity. 
 “Suspension Period” has the meaning set forth in
Section 4(a)(vi). 
 “Underwritten Take-Down” has the meaning set forth in
Section 2(b). 
 “Underwritten Take-Down Notice” has the meaning set forth in
Section 2(b). 
 “Violation” has the meaning set forth in Section 6(a). 

Section 2. Shelf Registration. 
 (a) Filing of Shelf Registration Statement. Subject to the terms and conditions of this Agreement, the Company will use reasonable best efforts to file and cause to be declared effective on or
prior to the first anniversary of a Qualifying IPO of the Company’s Common Stock a registration statement under the Securities Act with respect to the sale from time to time pursuant to Rule 415 (the “Shelf Registration”) of
all of the Registrable Securities for which the 

  
 -3-

 
Company has received notice to include in such Shelf Registration. The Company shall include in such Shelf Registration all Registrable Securities requested to be included therein in writing
within 20 days following the date the Company provides written notice to holders of Registrable Securities that it intends to file a registration statement in satisfaction of its obligations under this Section 1(a) (which written
notice to holders of Registrable Securities shall be provided by the Company not more than 60 nor less than 30 days prior to the date on which the Company intends to file the Shelf Registration with the U.S. Securities and Exchange Commission);
provided that no holder of Registrable Securities shall be entitled to include Registrable Securities in the Shelf Registration unless it has timely provided to the Company all information reasonably requested by the Company in connection
with the Shelf Registration. The Company shall pay the Registration Expenses in connection with such Shelf Registration. 
 (b)
Underwritten Take-Downs. The holders of Registrable Securities then included in the Shelf Registration Statement may on up to two occasions after the Shelf Registration becomes effective deliver a written notice (an “Underwritten
Take-Down Notice”) to the Company specifying that the sale of some or all of the Registrable Securities subject to the Shelf Registration will be conducted through an underwritten offering (an “Underwritten Take-Down”) and
specifying the amount of Registrable Securities proposed to be included in the Underwritten Take-Down; provided that no Underwritten Take-Down shall be permitted unless such Underwritten Take-Down is reasonably expected to result in aggregate
gross proceeds of at least $60 million. Upon receipt of an Underwritten Take-Down Notice, the Company will provide notice to all other holders of Registrable Securities included in the Shelf Registration offering to include in such Underwritten
Take-Down the number of Registrable Securities requested in writing to be included therein. Each holder of Registrable Securities included in the Shelf Registration will have five business days (or one business day in the case of an overnight or
bought underwritten offering) after the Underwritten Take-Down Notice has been delivered to request in writing the inclusion of such holder’s Registrable Securities in the Underwritten Take- Down. Each holder of Registrable Securities shall
have the right to withdraw such holder’s request for inclusion in such Underwritten-Takedown by giving written notice to the Company of such withdrawal at least one business day prior to the pricing of such Underwritten Take- Down. In the event
of an Underwritten Take-Down, the Company shall have the right to select the managing underwriter or underwriters to administer the offering; provided, however, that such managing underwriter or underwriters shall be reasonably
acceptable to the holders of a majority of the Registrable Securities proposed to be included in such Underwritten Take-Down. Any Underwritten Take-Down terminated or withdrawn prior to consummation at the request of the holders of a majority of the
Registrable Securities proposed to be included in such Underwritten Taken-Down shall count as one of the two Underwritten Take-Downs permitted under this Section 2(b); provided, however, that up to one Underwritten
Take-Down may be so terminated or withdrawn without being counted as one of the two Underwritten Take-Downs permitted under this Section 2(b). The Company shall pay the Registration Expenses in connection with the two permitted
Underwritten Take-Downs. 
 (c) Priority on Underwritten Take-Down. In connection with an Underwritten Take-Down, if the
managing underwriters advise the Company in writing that in their opinion the number of Registrable Securities and other securities requested to be included in such offering exceeds the number of Registrable Securities and other securities, if any,
which can be sold therein without adversely affecting the marketability, proposed offering price, timing or 

  
 -4-

 
method of distribution of the offering, the Company shall include in such Underwritten Take-Down prior to the inclusion of any securities which are not Registrable Securities the number of
Registrable Securities requested to be included which, in the opinion of such underwriters, can be sold, without any such adverse effect, pro rata among the respective holders thereof on the basis of the amount of Registrable Securities owned by
each such holder. Any Persons other than holders of Registrable Securities who participate in an Underwritten Take-Down and who are not entitled to reimbursement of their Registration Expenses must pay their share of the Registration Expenses as
provided in Section 5(b). 
 Section 3. Holdback Agreements in Connection with Underwritten Takedowns.
If requested by the Company in connection with an Underwritten Take-Down, each holder of Registrable Securities participating in the Underwritten Take-Down shall enter into customary lock-up agreements with the managing underwriter(s) of such
Underwritten Take- Down in a form reasonably satisfactory to the holders of a majority of such Registrable Securities and subject to customary exceptions; provided that the holders of Registrable Securities shall not be required to enter into
a lock-up agreement that (i) provides for a lock-up period exceeding 90 days from the date of the final prospectus (the “Holdback Period”) relating to such Underwritten Take-Down (subject to Section 3(a) below) or
(ii) is on terms less favorable to the holders of Registrable Securities than the lock-up agreement entered into by the Sponsors or any other Person in connection with such Underwritten Take-Down. Each holder of Registrable Securities agrees as
follows in connection with any such lock-up agreement: 
 (a) in the event that (i) the Company issues an earnings release
or discloses other material information or a material event relating to the Company and its Subsidiaries occurs during the last 17 days of the Holdback Period or (ii) prior to the expiration of the Holdback Period the Company announces that it
will release earnings results during the 16-day period beginning upon the expiration of such period, then to the extent necessary for a managing or co-managing underwriter of a registered offering hereunder to comply with FINRA Rule 2711(f)(4), the
Holdback Period shall be extended until 18 days after the earnings release or disclosure of other material information or the occurrence of the material event, as the case may be (a “Holdback Extension”). 

(b) The Company may impose stop-transfer instructions with respect to the shares of Common Stock (or other securities) subject to the
restrictions set forth in this Section 3 until the end of such Holdback Period, including any Holdback Extension. 

Section 4. Registration Procedures. 
 (a) In connection with the Shelf Registration, the Company shall: 

(i) in accordance with the Securities Act and all applicable rules and regulations promulgated thereunder, prepare and
file with the Securities and Exchange Commission a registration statement, and all amendments and supplements thereto and related prospectuses, with respect to such Registrable Securities and use reasonable best efforts to cause such registration
statement to become effective; 

  
 -5-

 (ii) notify each holder of Registrable Securities included in any
registration statement of (A) the issuance by the Securities and Exchange Commission of any stop order suspending the effectiveness of such registration statement or the initiation of any proceedings for that purpose, (B) the receipt by
the Company or its counsel of any notification with respect to the suspension of the qualification of the Registrable Securities included in any registration statement for sale in any jurisdiction or the initiation or threatening of any proceeding
for such purpose, and (C) the effectiveness of such registration statement; 
 (iii) prepare and file with
the Securities and Exchange Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective for a period ending up the
earlier of (i) the Expiration Date and (ii) when all of the securities covered by such registration statement have been disposed of in accordance with the intended methods of distribution by the sellers thereof set forth in such
registration statement (but not in any event before the expiration of any longer period required under the Securities Act or, if such registration statement relates to an underwritten Public Offering, such longer period as in the opinion of counsel
for the underwriters a prospectus is required by law to be delivered in connection with sale of Registrable Securities by an underwriter or dealer) and comply with the provisions of the Securities Act with respect to the disposition of all
securities covered by such registration statement during such period in accordance with the intended methods of disposition by the sellers thereof set forth in such registration statement; 

(iv) furnish to each seller of Registrable Securities thereunder such number of copies of such registration statement,
each amendment and supplement thereto, the prospectus included in such registration statement (including each preliminary prospectus), each Free Writing Prospectus and such other documents as such seller may reasonably request in order to facilitate
the disposition of the Registrable Securities owned by such seller; 
 (v) use reasonable best efforts to
register or qualify such Registrable Securities under such other securities or blue sky laws of such jurisdictions as any seller reasonably requests and do any and all other acts and things which may be reasonably necessary or advisable to enable
such seller to consummate the disposition in such jurisdictions of the Registrable Securities owned by such seller (provided that the Company shall not be required to (A) qualify generally to do business in any jurisdiction where it
would not otherwise be required to qualify but for this subparagraph or (B) consent to general service of process in any such jurisdiction or (C) subject itself to taxation in any such jurisdiction); 

(vi) notify each seller of such Registrable Securities (A) promptly after it receives notice thereof, of the date and
time when such registration statement and each post-effective amendment thereto has become effective or a prospectus or supplement to any prospectus relating to a registration statement has been filed and when any registration or qualification has
become effective under a state securities or blue sky law or any exemption thereunder has been obtained, (B) promptly after receipt thereof, of any 

  
 -6-

 
request by the Securities and Exchange Commission for the amendment or supplementing of such registration statement or prospectus or for additional information, and (C) at any time when a
prospectus relating thereto is required to be delivered under the Securities Act, of the happening of any event as a result of which the prospectus included in such registration statement contains an untrue statement of a material fact or omits any
fact necessary to make the statements therein not misleading, and, at the request of any such seller, the Company shall prepare a supplement or amendment to such prospectus so that, as thereafter delivered to the purchasers of such Registrable
Securities, such prospectus shall not contain an untrue statement of a material fact or omit to state any fact necessary to make the statements therein not misleading; provided, that at any time, upon written notice to the participating
holders of Registrable Securities and for a period not to exceed 60 days thereafter (the “Suspension Period”), the Company may suspend the use or effectiveness of any registration statement (and the holders of Registrable Securities
hereby agree not to offer or sell any Registrable Securities pursuant to such registration statement during the Suspension Period) if the Board of Directors of the Company has determined in good faith that the disclosure necessary for continued use
of the prospectus and registration statement by the Holders would be materially detrimental to the Company; 

(vii) use reasonable best efforts to cause all such Registrable Securities to be listed on each securities exchange on
which similar securities issued by the Company are then listed; 
 (viii) use reasonable best efforts to provide
a transfer agent and registrar for all such Registrable Securities not later than the effective date of such registration statement; 
 (ix) in connection with an Underwritten Take-Down, enter into and perform such customary agreements (including underwriting agreements in customary form) as the holders of a majority of the Registrable
Securities being sold or the underwriters, if any, reasonably request; 
 (x) make available for inspection by
any seller of Registrable Securities that could reasonably be deemed an underwriter, any underwriter participating in any disposition pursuant to such registration statement and any attorney, accountant or other agent retained by any such seller or
underwriter, all financial and other records, pertinent corporate and business documents and properties of the Company as shall be necessary to enable them to exercise their due diligence responsibility, and cause the Company’s officers,
directors, employees, agents, representatives and independent accountants to supply all information reasonably requested by any such seller, underwriter, attorney, accountant or agent in connection with such registration statement, in each case upon
execution of a confidentiality agreement in a customary form (and subject to appropriate exceptions, taking into account the due diligence responsibilities of the sellers of Registrable Securities) and reasonably satisfactory to the Company (other
than in the case of any investment bank participating as an underwriter in any disposition pursuant to such registration statement and any attorney, accountant or other agent retained by any such investment bank, with respect to each of whom no
confidentiality agreement shall be required pursuant to this clause (x)); 

  
 -7-

 (xi) otherwise use reasonable best efforts to comply with all applicable
rules and regulations of the Securities and Exchange Commission, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months beginning with the first day of the
Company’s first full calendar quarter after the effective date of the registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158; 

(xii) permit any holder of Registrable Securities that could reasonably be deemed an underwriter to participate in the
preparation of such registration or comparable statement and to allow such holder to provide language for insertion therein, in form and substance reasonably satisfactory to the Company, which in the reasonable judgment of such holder and its
counsel should be included; 
 (xiii) in the event of the issuance of any stop order suspending the effectiveness
of a registration statement, or the issuance of any order suspending or preventing the use of any related prospectus or suspending the qualification of any Common Stock included in such registration statement for sale in any jurisdiction use
reasonable best efforts promptly to obtain the withdrawal of such order; 
 (xiv) use reasonable best efforts to
cause such Registrable Securities covered by such registration statement to be registered with or approved by such other governmental agencies or authorities as may be necessary to enable the sellers thereof to consummate the disposition of such
Registrable Securities; 
 (xv) cooperate with the holders of Registrable Securities covered by the registration
statement and, in the case of an Underwritten Take-Down, the managing underwriter or agent, if any, to facilitate the timely preparation and delivery of certificates (not bearing any restrictive legends) representing securities to be sold under the
registration statement and enable such securities to be in such denominations and registered in such names as the managing underwriter, or agent, if any, or such holders may request; 

(xvi) cooperate with each holder of Registrable Securities covered by the registration statement and each underwriter or
agent participating in the disposition of such Registrable Securities and their respective counsel in connection with any filings required to be made with FINRA; 

(xvii) in the case of any Underwritten Take-Down, use reasonable best efforts to make available the executive officers of
the Company to participate with the holders of Registrable Securities and any underwriters in any “road shows” or other selling efforts that may be reasonably requested by the holders in connection with the methods of distribution for the
Registrable Securities; 
 (xviii) in the case of any Underwritten Take-Down, use reasonable best efforts to
obtain one or more cold comfort letters from the Company’s independent public 

  
 -8-

 
accountants in customary form and covering such matters of the type customarily covered by cold comfort letters, which comfort letter(s) shall be addressed to the underwriters; and 

(xix) in the case of any Underwritten Take-Down, use reasonable best efforts to provide a legal opinion of the
Company’s outside counsel, dated the date of the closing under the underwriting agreement) in customary form and covering such matters of the type customarily covered by legal opinions of such nature, which opinion shall be addressed to the
underwriters. 
 (b) In the event that the Company shall exercise its right to suspend the effectiveness of a registration
hereunder, the applicable time period during which the registration statement is to remain effective shall be extended by a period of time equal to the duration of the Suspension Period. The Company may extend the Suspension Period for up to an
additional consecutive 45 days with the consent of the holders of a majority of the Registrable Securities registered under the applicable registration statement, which consent shall not be unreasonably withheld. If so directed by the Company, all
holders of Registrable Securities registering shares under such registration statement shall (i) not offer to sell any Registrable Securities pursuant to the registration statement during the period in which the Suspension Period is in effect
after receiving notice of such suspension and (ii) use their reasonable best efforts to deliver to the Company (at the Company’s expense) all copies, other than permanent file copies then in such holders’ possession, of the prospectus
relating to such Registrable Securities current at the time of receipt of such notice. The Company may not initiate a Suspension Period more than once in any twelve month period. 

Section 5. Registration Expenses. 
 (a) Company Obligation. All expenses incident to the Company’s performance of or compliance with this Agreement (including, without limitation, all registration, qualification and filing fees,
fees and expenses of compliance with securities or blue sky laws, printing expenses, messenger and delivery expenses, fees and disbursements of custodians, fees and disbursements of counsel for the Company, reasonable fees and disbursements for one
law firm acting as counsel to holders of Registrable Securities in connection with the filing of any registration statement pursuant to this Agreement or in connection with any Underwritten Take-Down (in each case, (i) the fees of such counsel
not to exceed $25,000 (or $75,000 in the aggregate in all cases) and (ii) such counsel to be selected by the holders of a majority of the Registrable Securities included in the applicable registration statement or Underwritten Take-Down, as the
case may be) and all independent certified public accountants and other Persons retained by the Company) (all such expenses being herein called “Registration Expenses”), shall be borne as provided in this Agreement, except that the
Company shall, in any event, pay its internal expenses (including, without limitation, all salaries and expenses of its officers and employees performing legal or accounting duties), the expense of any annual audit or quarterly review, the expense
of any liability insurance and the expenses and fees for listing the securities to be registered on each securities exchange on which similar securities issued by the Company are then listed. For the avoidance of doubt, all fees and expenses of
counsel for the holders of Registrable Securities in excess of those to be paid by the Company pursuant to the immediately preceding sentence shall be borne by the holders of Registrable Securities. 

  
 -9-

 (b) Security Holder Obligation. Each Person that sells securities pursuant to a Shelf
Registration hereunder shall bear and pay all underwriting discounts and commissions applicable to the securities sold for such Person’s account. 
 Section 6. Indemnification and Contribution. 
 (a) By the
Company. The Company shall indemnify and hold harmless, to the extent permitted by law, each holder of Registrable Securities, such holder’s officers, directors, employees, partners, members, stockholders, agents and representatives and
each Person who controls such holder or any of such other Persons (within the meaning of the Securities Act) (the “Indemnified Parties”) against all losses, claims, actions, damages, liabilities and expenses (including with respect
to actions or proceedings, whether commenced or threatened, and including reasonable attorney fees and expenses) caused by, resulting from, arising out of, based upon or related to any of the following statements, omissions or violations (each a
“Violation”) by the Company: (i) any untrue or alleged untrue statement of material fact contained in (A) any registration statement, prospectus, preliminary prospectus or Free-Writing Prospectus, or any amendment thereof
or supplement thereto or (B) any application or other document or communication (in this Section 6, collectively called an “application”) executed by or on behalf of the Company or based upon written information
furnished by or on behalf of the Company filed in any jurisdiction in order to qualify any securities covered by such registration under the securities laws thereof, (ii) any omission or alleged omission of a material fact required to be stated
therein or necessary to make the statements therein not misleading or (iii) any violation or alleged violation by the Company of the Securities Act or any other similar federal or state securities laws or any rule or regulation promulgated
thereunder applicable to the Company and relating to action or inaction required of the Company in connection with any such registration, qualification or compliance. In addition, the Company will reimburse such Indemnified Party for any legal or
any other expenses reasonably incurred by them in connection with investigating or defending any such losses. Notwithstanding the foregoing, the Company shall not be liable in any such case to the extent that any such losses result from, arise out
of, are based upon, or relate to an untrue statement or alleged untrue statement, or omission or alleged omission, made in such registration statement, any such prospectus, preliminary prospectus or Free-Writing Prospectus or any amendment or
supplement thereto, or in any application, in reliance upon, and in conformity with, written information prepared and furnished in writing to the Company by such Indemnified Party expressly for use therein. In connection with an underwritten
offering, the Company shall indemnify such underwriters, their officers and directors, and each Person who controls such underwriters (within the meaning of the Securities Act) to the same extent as provided above with respect to the indemnification
of the Indemnified Parties. 
 (b) By Each Security Holder. In connection with any registration statement or Underwritten
Take-Down in which a holder of Registrable Securities is participating, each such holder shall furnish to the Company in writing such information as the Company reasonably requests for use in connection with any such registration statement or
prospectus and, to the extent permitted by law, shall indemnify the Company, its officers, directors, employees, agents and representatives, and each Person who controls the Company (within the meaning of the Securities Act) against any losses,
claims, damages, liabilities and expenses resulting from any untrue or alleged untrue statement of material fact contained in the registration statement, prospectus or preliminary prospectus or any amendment thereof or supplement thereto or any

  
 -10-

 
omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein not misleading, but only to the extent that such untrue statement or
omission is contained in any information or affidavit so furnished in writing by such holder; provided that the obligation to indemnify shall be individual, not joint and several, for each holder and shall be limited to the net amount of
proceeds received by such holder from the sale of Registrable Securities pursuant to such registration statement. 
 (c)
Claim Procedure. Any Person entitled to indemnification hereunder shall (i) give prompt written notice to the indemnifying party of any claim with respect to which it seeks indemnification (provided that the failure to give prompt notice
shall impair any Person’s right to indemnification hereunder only to the extent such failure has materially prejudiced the indemnifying party) and (ii) unless in such indemnified party’s reasonable judgment a conflict of interest
between such indemnified and indemnifying parties may exist with respect to such claim, permit such indemnifying party to assume the defense of such claim with counsel reasonably satisfactory to the indemnified party. If such defense is assumed, the
indemnifying party shall not be subject to any liability for any settlement made by the indemnified party without its consent (but such consent shall not be unreasonably withheld, conditioned or delayed). An indemnifying party who is not entitled
to, or elects not to, assume the defense of a claim shall not be obligated to pay the fees and expenses of more than one counsel (in addition to any local counsel) for all parties indemnified by such indemnifying party with respect to such claim,
unless in the reasonable judgment of any indemnified party a conflict of interest may exist between such indemnified party and any other of such indemnified parties with respect to such claim. In such instance, the conflicted indemnified parties
shall have a right to retain one separate counsel (in addition to any local counsel), chosen by the holders of a majority of the Registrable Securities included in the registration if such holders are indemnified parties, at the expense of the
indemnifying party. 
 (d) Contribution. If the indemnification provided for in this Section 6 is held by a
court of competent jurisdiction to be unavailable to, or is insufficient to hold harmless, an indemnified party or is otherwise unenforceable with respect to any loss, claim, damage, liability or action referred to herein, then the indemnifying
party shall contribute to the amounts paid or payable by such indemnified party as a result of such loss, claim, damage, liability or action in such proportion as is appropriate to reflect the relative fault of the indemnifying party on the one hand
and of the indemnified party on the other hand in connection with the statements or omissions which resulted in such loss, claim, damage, liability or action as well as any other relevant equitable considerations; provided that the maximum
amount of liability in respect of such contribution shall be limited, in the case of each seller of Registrable Securities, to an amount equal to the net proceeds actually received by such seller from the sale of Registrable Securities effected
pursuant to such registration. The relative fault of the indemnifying party and of the indemnified party shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission to
state a material fact relates to information supplied by the indemnifying party or by the indemnified party and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. The
parties hereto agree that it would not be just or equitable if the contribution pursuant to this Section 6(d) were to be determined by pro rata allocation or by any other method of allocation that does not take into account such
equitable considerations. The amount paid or payable by an indemnified party as a result of the losses, claims, damages, 

  
 -11-

 
liabilities or expenses referred to herein shall be deemed to include any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending
against any action or claim which is the subject hereof. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who is not guilty of such
fraudulent misrepresentation. 
 (e) Release. No indemnifying party shall, except with the consent of the indemnified
party, consent to the entry of any judgment or enter into any settlement that does not include as an unconditional term thereof giving by the claimant or plaintiff to such indemnified party of a release from all liability in respect to such claim or
litigation. 
 (f) Non-exclusive Remedy; Survival. The indemnification and contribution provided for under this Agreement
shall be in addition to any other rights to indemnification or contribution that any indemnified party may have pursuant to law or contract and shall remain in full force and effect regardless of any investigation made by or on behalf of the
indemnified party or any officer, director employee, partner, member, stockholder, representative, agent or controlling Person of such indemnified party and shall survive the transfer of Registrable Securities and the termination or expiration of
this Agreement. 
 Section 7. Participation in Underwritten Registrations and Suspended Distributions. 

(a) Participation in Underwritten Registrations. No Person may participate in any underwritten offering hereunder unless such
Person (i) agrees to sell such Person’s securities on the basis provided in any underwriting arrangements approved by the Person or Persons entitled hereunder to approve such arrangements (including, without limitation, pursuant to any
over-allotment or “green shoe” option requested by the underwriters; provided that no holder of Registrable Securities shall be required to sell more than the number of Registrable Securities such holder has requested to include) and
(ii) completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other documents reasonably required under the terms of such underwriting arrangements and customary for similar transactions. Each
holder of Registrable Securities participating in an underwritten offering hereunder shall execute and deliver such other agreements as may be reasonably requested by the Company and the lead managing underwriter(s) that are consistent with such
holder’s obligations under Section 3, Section 4 and this Section 7(a) or that are necessary to give further effect thereto. To the extent that any such agreement is entered into pursuant to, and consistent
with, Section 3 and this Section 7(a), the respective rights and obligations created under such agreement shall supersede the respective rights and obligations of the holders, the Company and the underwriters created pursuant to
this Section 7(a). 
 (b) Suspended Distributions. Each Person that is participating in any registration
under this Agreement, upon receipt of any notice from the Company of the happening of any event of the kind described in Section 4(a)(vi), shall immediately discontinue the disposition of its Registrable Securities pursuant to the
registration statement until such Person’s receipt of the copies of a supplemented or amended prospectus as contemplated by Section 4(a)(vi). In the event the Company has given any such notice, the Expiration Date shall be extended
by the number of days during the period from and including the date of the giving of such notice 

  
 -12-

 
pursuant to this Section 7(b) to and including the date when each seller of Registrable Securities covered by such registration statement shall have received the copies of the
supplemented or amended prospectus contemplated by Section 4(a)(vi). 
 Section 8. General Provisions.

 (a) Amendments and Waivers. Except as otherwise provided herein, the provisions of this Agreement may be amended,
modified or waived only with the prior written consent of the Company and holders of a majority of the Registrable Securities; provided that no such amendment, modification or waiver that would materially and adversely affect a holder or
group of holders of Registrable Securities in a manner materially different than any other holder or group of holders of Registrable Securities shall be effective against such holder or group of holders of Registrable Securities without the consent
of the holders of a majority of the Registrable Securities so affected. The failure or delay of any Person to enforce any of the provisions of this Agreement shall in no way be construed as a waiver of such provisions and shall not affect the right
of such Person thereafter to enforce each and every provision of this Agreement in accordance with its terms. A waiver or consent to or of any breach or default by any Person in the performance by that Person of his, her or its obligations under
this Agreement shall not be deemed to be a consent or waiver to or of any other breach or default in the performance by that Person of the same or any other obligations of that Person under this Agreement. 

(b) Severability. Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and
valid under applicable law, but if any provision of this Agreement is held to be prohibited, invalid, illegal or unenforceable in any respect under any applicable law or regulation in any jurisdiction, such prohibition, invalidity, illegality or
unenforceability shall not affect the validity, legality or enforceability of any other provision of this Agreement in such jurisdiction or in any other jurisdiction, but this Agreement shall be reformed, construed and enforced in such jurisdiction
as if such prohibited, invalid, illegal or unenforceable provision had never been contained herein. 
 (c) Entire
Agreement. Except as otherwise provided herein, this Agreement, together with the Joinder Agreement dated the date hereof to the Amended and Restated Stockholder Rights Agreement dated November 14, 2007, contains the complete agreement and
understanding among the parties hereto with respect to the subject matter hereof and supersedes and preempts any prior understandings, agreements or representations by or among the parties hereto, written or oral, which may have related to the
subject matter hereof in any way. 
 (d) Successors and Assigns. Except as otherwise provided herein, this Agreement
shall bind and inure to the benefit and be enforceable by the Company and its successors and assigns and the holders of Registrable Securities and their respective successors and permitted assigns (whether so expressed or not). In addition, whether
or not any express assignment has been made, the provisions of this Agreement which are for the benefit of holders of Registrable Securities are also for the benefit of, and enforceable by, any subsequent holder of Registrable Securities.

  
 -13-

 (e) Notices. All demands, notices, requests, consents, and communications hereunder
shall be in writing and shall be deemed to have been duly given if delivered personally or by courier service, messenger, facsimile, electronic transmission (including email), or if duly deposited in the mail, by certified or registered mail,
postage prepaid return receipt requested, and shall be deemed to have been duly given or made: (a) upon delivery, if delivered personally or by courier service or messenger, in each case with record of receipt; (b) upon transmission with
confirmed delivery, if sent by facsimile or electronic transmission (including email); or (c) when received after being sent by certified or registered mail, postage pre paid, return receipt requested, to the following addresses, or such other
addresses as may be furnished hereafter by written notice to the other Parties: 
 Spirit Finance Corporation 

14631 N. Scottsdale Road 
 Suite 200 
 Scottsdale, AZ 85254 

Attn: Chief Executive Officer and President 
 Facsimile: (480) 606-0826 
 With a copy to: 

Kirkland & Ellis LLP 
 300 North LaSalle Street 
 Chicago, Illinois 60654 

Attn: Matthew E. Steinmetz, P.C. 
      Ted M. Frankel 
 Facsimile: (312) 862-2200

 Email: matthew.steinmetz@kirkland.com 
        ted.frankel@kirkland.com 
 or to such other address or
to the attention of such other person as the recipient party has specified by prior written notice to the sending party. 
 (f)
Business Days. If any time period for giving notice or taking action hereunder expires on a day that is not a Business Day, the time period shall automatically be extended to the Business Day immediately following such Saturday, Sunday or
legal holiday. 
 (g) Governing Law. This Agreement, and all claims or causes of action (whether at law or in equity, in
contract or in tort) that may be based upon, arise out of or relate to this Agreement or the negotiation, execution or performance hereof, shall be governed by and construed in accordance with the laws of the State of New York, regardless of the
laws that might otherwise govern under applicable principles of conflict of laws of the State of New York. 
 (h) MUTUAL
WAIVER OF JURY TRIAL. THE PARTIES TO THIS AGREEMENT EACH HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION, OR CAUSE OF ACTION (I) ARISING UNDER THIS AGREEMENT OR (II) IN ANY WAY
CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE 

  
 -14-

 
PARTIES HERETO IN RESPECT OF THIS AGREEMENT OR ANY OF THE TRANSACTIONS RELATED HERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER IN CONTRACT, TORT, EQUITY, OR OTHERWISE.
THE PARTIES TO THIS AGREEMENT EACH HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION, OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY AND THAT THE PARTIES TO THIS AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OF A COPY OF
THIS AGREEMENT WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE PARTIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY. 
 (i) CONSENT TO JURISDICTION AND SERVICE OF PROCESS. THE PARTIES AGREE THAT JURISDICTION AND VENUE IN ANY SUIT, ACTION OR PROCEEDING BROUGHT BY ANY PARTY PURSUANT TO THIS AGREEMENT SHALL PROPERLY
AND EXCLUSIVELY LIE IN A STATE OR FEDERAL COURT WITHIN THE CITY OF NEW YORK, BOROUGH OF MANHATTAN. EACH PARTY ALSO AGREES NOT TO BRING ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT IN ANY OTHER COURT. BY EXECUTION AND
DELIVERY OF THIS AGREEMENT, EACH PARTY IRREVOCABLY SUBMITS TO THE JURISDICTION OF SUCH COURTS FOR ITSELF AND IN RESPECT OF ITS PROPERTY WITH RESPECT TO SUCH SUIT, ACTION OR PROCEEDING. THE PARTIES IRREVOCABLY AGREE THAT VENUE WOULD BE PROPER IN SUCH
COURT, AND HEREBY WAIVE ANY OBJECTION THAT ANY SUCH COURT IS AN IMPROPER OR INCONVENIENT FORUM FOR THE RESOLUTION OF SUCH SUIT, ACTION OR PROCEEDING. 
 (j) Descriptive Headings; Interpretation. The descriptive headings of this Agreement are inserted for convenience only and do not constitute a part of this Agreement. The use of the word
“including” in this Agreement shall be by way of example rather than by limitation. 
 (k) No Strict
Construction. The language used in this Agreement shall be deemed to be the language chosen by the parties hereto to express their mutual intent, and no rule of strict construction shall be applied against any party. 

(l) Counterparts. This Agreement may be executed in multiple counterparts, any one of which need not contain the signature of more
than one party, but all such counterparts taken together shall constitute one and the same agreement. 
 (m) Electronic
Delivery. This Agreement, the agreements referred to herein, and each other agreement or instrument entered into in connection herewith or therewith or contemplated hereby or thereby, and any amendments hereto or thereto, to the extent executed
and delivered by means of a photographic, photostatic, facsimile or similar reproduction of such signed writing using a facsimile machine or electronic mail shall be treated in all manner and respects as an original agreement or instrument and shall
be considered to have the same binding legal effect as if it were the original signed version thereof delivered in person. At the request of any party hereto or to any such agreement or instrument, each other party hereto or thereto shall re-execute
original forms thereof and deliver them to all other parties. No party hereto or to any 

  
 -15-

 
such agreement or instrument shall raise the use of a facsimile machine or electronic mail to deliver a signature or the fact that any signature or agreement or instrument was transmitted or
communicated through the use of a facsimile machine or electronic mail as a defense to the formation or enforceability of a contract and each such party forever waives any such defense. 

(n) Further Assurances. In connection with this Agreement and the transactions contemplated hereby, each of the Company and each
holder of Registrable Securities shall execute and deliver any additional documents and instruments and perform any additional acts that may be necessary or appropriate to effectuate and perform the provisions of this Agreement and the transactions
contemplated hereby. 
 (o) Intentionally Omitted. 

(p) Rule 144. In order to make available to the Participating Lenders the benefits of Rule 144 under the Securities Act
(“Rule 144”), the Company shall (i) use reasonable best efforts to make and keep current public information available, as those terms are understood and defined in Rule 144, at all times following the date the Company first
becomes subject to the reporting requirements of Section 13 or 15(d) the Exchange Act, (ii) use reasonable best efforts to file all reports and other documents required, if any, to be filed by it under the Securities Act and the Exchange
Act and the rules and regulations adopted thereunder at any time after it has become subject to such reporting requirements, and (iii) deliver, upon request of any holder of Registrable Securities, a written certification to such holder as to
whether the Company has complied with the information and other requirements of Rule 144 and this Section 8(p). On or prior to the date that is 180 days after the date the Company issues the Common Stock in connection with the
Conversion, the Company shall use reasonable best efforts to deliver to its transfer agent a legal opinion on behalf of the Company from counsel to the Company to the effect that the Registrable Securities may thereafter be resold pursuant to Rule
144 by holders of Registrable Securities to the extent the conditions of such rule have been satisfied (it being understood that such opinion shall address Rule 144 only and shall not address any lockup agreements or contractual restrictions to
which the Registrable Securities may be subject). Without limiting the generality of the foregoing, the holders of Registrable Securities acknowledge and agree that such legal opinion may assume that, at the time of any sale of Registrable
Securities, the transferring holder of such Registrable Securities (i) is not an Affiliate of the Company and has not been an Affiliate of the Company for a period of at least 90 days immediately before the sale and (ii) has satisfied the
holding period requirement set forth in Rule 144(d)(i) or 144(d)(ii), as applicable, and such legal opinion may be conditioned upon certification by the transferring holder of such Registrable Securities to the Company and the transfer agent of the
foregoing facts and certification by the Company to the transfer agent at the time of sale that the current public information condition set forth in Rule 144(c) has been met in the event the holding period condition in Rule 144(d)(i) is satisfied
but the holding period condition in Rule 144(d)(ii) has not been satisfied at the time of such sale. Such legal opinion shall remain in effect until such time as the Company or counsel issuing such opinion notifies the transfer agent that Rule 144
is no longer so available. In addition to the foregoing, the Company shall use reasonable best efforts to take such other measures from time to time as are necessary or as the holders of Registrable Securities may otherwise reasonably request to
ensure that such Registrable Securities may be resold pursuant to Rule 144 to the extent available (including through the facilities of any securities exchange), that settlements of such sales of Registrable Securities can be made in a timely manner
regular way, and that acquirors of such Registrable Securities acquire such securities within the customary settlement cycle and free of restrictive legends and other restrictions on transfer. 

  
 -16-

 (q) Remedies. The parties to this Agreement shall be entitled to enforce their rights
under this Agreement specifically to recover damages caused by reason of any breach of any provision of this Agreement and to exercise all other rights existing in their favor. The parties hereto agree and acknowledge that a breach of this Agreement
would cause irreparable harm and money damages would not be an adequate remedy for any such breach and that, in addition to any other rights and remedies existing hereunder, any party shall be entitled to specific performance and/or other injunctive
relief from any court of law or equity of competent jurisdiction in order to enforce or prevent violation of the provisions of this Agreement. 
 (r) Effective Time. This Agreement only shall become effective at and as of the Conversion and concurrently with the issuance of the Common Stock to the Participating Lenders upon the Conversion.
Without limiting the foregoing, if the Conversion is not completed and does not occur, then this Agreement shall have no force or effect. 
 *    *    *    *    * 

  
 -17-

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

			
	SPIRIT FINANCE CORPORATION
		
	By:	 	 /s/ Michael A. Bender

		 	Michael A. Bender
	Its:	 	 Chief Financial Officer

 [Signature Page for Registration Agreement] 

 
			
	AMMC CLO III, LIMITED
	     By:
	 	American Money Management Corp., as Collateral Manager
		
	By:	 	 /s/ Kenneth J. Bushman

		
	Name:	 	 Kenneth J. Bushman

		
	Its:	 	 Vice President

 [Signature Page for Registration Agreement] 

 
			
	AMMC CLO IV, LIMITED
	    By:	 	American Money Management Corp., as Collateral Manager
		
	By:	 	 /s/ Kenneth J. Bushman

		
	Name:	 	 Kenneth J. Bushman

		
	Its:	 	 Vice President

 [Signature Page for Registration Agreement] 

 
			
	AMMC CLO VI, LIMITED
	    By:	 	American Money Management Corp., as Collateral Manager
		
	By:	 	 /s/ Kenneth J. Bushman

		
	Name:	 	 Kenneth J. Bushman

		
	Its:	 	 Vice President

 [Signature Page for Registration Agreement] 

 
			
	AMMC VII, LIMITED
	    By:	 	American Money Management Corp., as Collateral Manager
		
	By:	 	 /s/ Kenneth J. Bushman

		
	Name:	 	 Kenneth J. Bushman

		
	Its:	 	 Vice President

 [Signature Page for Registration Agreement] 

 
			
	AMMC VIII, LIMITED
	    By:	 	American Money Management Corp., as Collateral Manager
		
	By:	 	 /s/ Kenneth J. Bushman

		
	Name:	 	 Kenneth J. Bushman

		
	Its:	 	 Vice President

 [Signature Page for Registration Agreement] 

 
			
	 ANCHORAGE CAPITAL MASTER OFFSHORE, LTD.

	BY: ANCHORAGE CAPITAL GROUP, L.L.C. ITS INVESTMENT MANAGER
		
	By:	 	 /s/ MICHAEL AGLIALORO

		
	Name:	 	 MICHAEL AGLIALORO

		
	Its:	 	 Executive Vice President

 [Signature Page for Registration Agreement] 

 
			
	 ASSOCIATED BRITISH FOODS PENSION SCHEME

	By: BEACH POINT CAPITAL MANAGEMENT, LP AS INVESTMENT MANAGER
		
	By:	 	 /s/ CARL GOLDSMITH

		
	Name:	 	 CARL GOLDSMITH

		
	Its:	 	 SENIOR PORTFOLIO MANAGER

 [Signature Page for Registration Agreement] 

 
			
	     Bank of America, N.A.

		
	By:	 	 /s/ Erik S. Grossman

		
	Name:	 	 Erik S. Grossman

		
	Its:	 	 Vice President

 [Signature Page for Registration Agreement] 

 
			
	 BARCLAYS BANK PLC

		
	By:	 	 /s/ Gez Jordan

		 	Authorized Signatory
		
	Name:	 	 Gez Jordan

		
	Its:	 	 Vice President

 [Signature Page for Registration Agreement] 

 
							
	 BATTALION CLO 2007-I, LTD.
	 	,
			
	By	 	BRIGADE CAPITAL MANAGEMENT LLC As Collateral Manager	 	
				
		 	By:	 	 /s/ Joanna Bensimon
	 	
		 	Name:	 	 Joanna Bensimon
	 	
		 	Its:	 	 Associate
	 	

 [Signature Page for Registration Agreement] 

 
			
	 BEACH POINT DISTRESSED MASTER FUND, LP

	By: BEACH POINT CAPITAL MANAGEMENT, LP AS INVESTMENT MANAGER
		
	By:	 	 /s/ CARL GOLDSMITH

		
	Name:	 	 CARL GOLDSMITH

		
	Its:	 	 SENIOR PORTFOLIO MANAGER

 [Signature Page for Registration Agreement] 

 
			
	 BEACH POINT SCF I L.P.

	By: BEACH POINT CAPITAL MANAGEMENT, LP AS INVESTMENT MANAGER
		
	By:	 	 /s/ CARL GOLDSMITH

		
	Name:	 	 CARL GOLDSMITH

		
	Its:	 	 SENIOR PORTFOLIO MANAGER

 [Signature Page for Registration Agreement] 

 
			
	 BEACH POINT TOTAL RETURN MASTER FUND, LP

	By: BEACH POINT CAPITAL MANAGEMENT, LP AS INVESTMENT MANAGER
		
	By:	 	 /s/ CARL GOLDSMITH

		
	Name:	 	 CARL GOLDSMITH

		
	Its:	 	 SENIOR PORTFOLIO MANAGER

 [Signature Page for Registration Agreement] 

 
			
	 BPC OPPORTUNITIES FUND LP

	By: BEACH POINT CAPITAL MANAGEMENT, LP AS INVESTMENT MANAGER
		
	By:	 	 /s/ CARL GOLDSMITH

		
	Name:	 	 CARL GOLDSMITH

		
	Its:	 	 SENIOR PORTFOLIO MANAGER

 [Signature Page for Registration Agreement] 

 
									
	 Brentwood CLO, Ltd.
	 	,
			
	By:	 	Highland Capital Management, L.P., As Collateral Manager	 	
		 	By: Strand Advisors, Inc., Its General Partner	 	
			
		 	By:	 	 /s/ Jason Post

			
		 	Name:	 	 Jason Post

		 	Its:	 	 Operation Director

 [Signature Page for Registration Agreement] 

 
			
	 Citadel Securities Trading LLC

		
	By:	 	 /s/ Paul Vigilante

		
	Name:	 	 Paul Vigilante

		
	Its:	 	 Authorized Signatory

 [Signature Page for Registration Agreement] 

 
			
	 Credit Suisse Securities (USA) LLC

		
	By:	 	 /s/ Michael Wotanowski

		
	Name:	 	 Michael Wotanowski

		
	Its:	 	 Authorized Signatory

 [Signature Page for Registration Agreement] 

 
			
	 Deutsche Bank AG Caymon Islands Branch

	By: DB Services New Jersey, Inc.
		
	By:	 	 /s/ Deirdre Cesarió

		
	Name:	 	 Deirdre Cesarió

		
	Its:	 	 Assistant Vice President

		
	By:	 	 /s/ Angeline Quintana

		 	Angeline Quintana
		 	Assistant Vice President

 [Signature Page for Registration Agreement] 

 
							
	 Eastland CLO, Ltd.
	 	,
		
	By	 	Highland Capital Management, L.P., As Collateral Manager
	 	By: Strand Advisors, Inc., Its General Partner
			
		 	By:	 	 /s/ Jason Post

			
		 	Name:	 	 Jason Post

		 	Its:	 	 Operations Director

 [Signature Page for Registration Agreement] 

 
			
	 EMPYREAN INVESTMENTS, LLC

		
	By:	 	 /s/ RYAN MAYETANI

		
	Name:	 	 RYAN MAYETANI

		
	Its:	 	 AUTHORIZED SIGNATORY

 [Signature Page for Registration Agreement] 

 
							
	 Genesis CLO 2007-1 Ltd.
	 	,
			
	By	 	GLG Ore Hill LLC, its Collateral Manager	 	
				
		 	By:	 	 /s/ Marshall E. Stearns
	 	
				
		 	Name:	 	 Marshall E. Stearns
	 	
		 	Its:	 	 Managing Director
	 	

 [Signature Page for Registration Agreement] 

 
							
	 Gleneagles CLO Ltd.
	 	,
			
	By	 	 Highland Capital Management, L.P., As Collateral Manager
 By: Strand Advisors, Inc., Its General Partner
	 	
				
		 	By:	 	 /s/ Jason Post
	 	
				
		 	Name:	 	 Jason Post
	 	
		 	Its:	 	 Operations Director
	 	

 [Signature Page for Registration Agreement] 

 
							
	 Grayson CLO, Ltd.
	 	,
			
	By	 	 Highland Capital Management, L.P. As Collateral Manager
 By: Strand Advisors, Inc., Its General Partner
	 	
				
		 	By:	 	 /s/ Jason Post
	 	
				
		 	Name:	 	 Jason Post
	 	
		 	Its:	 	 Operations Director
	 	

 [Signature Page for Registration Agreement] 

 
							
	 Greenbriar CLO, LTD.
	 	,
			
	By	 	 Highland Capital Management, L.P., As Collateral Manager
 By: Strand Advisors, Inc., Its General Partner
	 	
				
		 	By:	 	 /s/ Jason Post
	 	
				
		 	Name:	 	 Jason Post
	 	
		 	Its:	 	 Operations Director
	 	

 [Signature Page for Registration Agreement] 

 
			
	 GRF MASTER FUND, L.P.

	
	BY: ANCHORAGE CAPITAL GROUP, L.L.C. ITS INVESTMENT MANAGER
		
	By:	 	 /s/ MICHAEL AGLIALORO

		
	Name:	 	 MICHAEL AGLIALORO

		
	Its:	 	 Executive Vice President

 [Signature Page for Registration Agreement] 

 
			
	  

		
	By:	 	 /s/ David Martino

		
	Name:	 	 David Martino

		
	Its:	 	 Controller

 Halcyon Master Fund L.P. 
 Halcyon Structured Asset Management Long Secured/Short Unsecured CLO 2006-1 LTD. 
 Halcyon
Structured Asset Management Long Secured/Short Unsecured 2007-1 LTD. 
 Halcyon Structured Asset Management Long Secured/Short Unsecured 2007-3
LTD. 
 Halcyon Structured Asset Management Long Secured/Short Unsecured 2007-2 LTD. 
 Halcyon Loan Investors CLO I, LTD. 
 Halcyon Loan Investors CLO II, LTD. 

[Signature Page for Registration Agreement] 

 
							
	 Highland Credit Opportunities CDO, Ltd.
	 	,
			
	By	 	 Highland Capital Management L.P., As Collateral Manager
 By: Strand Advisors, Inc., Its General Partner
	 	
				
		 	By:	 	 /s/ Jason Post
	 	
				
		 	Name:	 	 Jason Post
	 	
		 	Its:	 	 Operations Director
	 	

 [Signature Page for Registration Agreement] 

 
			
	 Highland Credit Strategies Fund

		
	By:	 	 /s/ BRIAN MITTS

		
	Name:	 	 BRIAN MITTS

		
	Its:	 	 TREASURER

 [Signature Page for Registration Agreement] 

 
			
	 HIGHLAND FLOATING RATE OPPORTUNITIES FUND

		
	By:	 	 /s/ BRIAN MITTS

		
	Name:	 	 BRIAN MITTS

		
	Its:	 	 TREASURER

 [Signature Page for Registration Agreement] 

 
							
	 Highland Loan Funding V Ltd.
	 	,
			
	By	 	Highland Capital Management, L.P., As Collateral Manager	 	
		 	By: Strand Advisors, Inc., Its General Partner	 	
				
		 	By:	 	 /s/ Jason Post
	 	
				
		 	Name:	 	 Jason Post
	 	
		 	Its:	 	 Operations Director
	 	

 [Signature Page for Registration Agreement] 

 
							
	 Highland Offshore Partners, L.P.
	 	,
			
	By	 	Highland Capital Management, L.P., As Collateral Manager	 	
		 	By: Strand Advisors, Inc., Its General Partner	 	
				
		 	By:	 	 /s/ Jason Post
	 	
				
		 	Name:	 	 Jason Post
	 	
		 	Its:	 	 Operations Director
	 	

 [Signature Page for Registration Agreement] 

 
									
	 Highland Park CDO I LTD
	 	,
			
	By	 	Highland Capital Management, L.P., as HP CDO I Collateral Servicer	 	
		 	By: Strand Advisors, Inc., as its General Partner	 	
				
		 	By:	 	 /s/ Jason Post
	 	
				
		 	Name:	 	 Jason Post
	 	
		 	Its:	 	 Operations Director
	 	

 [Signature Page for Registration Agreement] 

 
							
	 Jasper CLO Ltd.
	 	,
			
	By	 	Highland Capital Management L.P., As Collateral Manager	 	
		 	By: Strand Advisors, Inc., Its General Partner	 	
				
		 	By:	 	 /s/ Jason Post
	 	
				
		 	Name:	 	 Jason Post
	 	
		 	Its:	 	 Operations Director
	 	

 [Signature Page for Registration Agreement] 

 
							
	 Liberty CLO, Ltd.
	 	,
			
	By	 	Highland Capital Management L.P., As Collateral Manager	 	
		 	By: Strand Advisors, Inc., Its General Partner	 	
				
		 	By:	 	 /s/ Jason Post
	 	
				
		 	Name:	 	 Jason Post
	 	
		 	Its:	 	 Operations Director
	 	

 [Signature Page for Registration Agreement] 

 
							
	 Loan Funding VII LLC
	 	,
		
	By	 	Highland Capital Management, L.P., As Collateral Manager
		 	By: Strand Advisors, Inc., Its General Partner
			
		 	By:	 	 /s/ Jason Post

			
		 	Name:	 	 Jason Post

		 	Its:	 	 Operations Director

 [Signature Page for Registration Agreement] 

 
							
	 Longhorn Credit Funding, LLC
	 	,
		
	By	 	Highland Capital Management, L.P., As Collateral Manager
		 	By: Strand Advisors, Inc., Its General Partner
			
		 	By:	 	 /s/ Jason Post

			
		 	Name:	 	 Jason Post

		 	Its:	 	 Operations Director

 [Signature Page for Registration Agreement] 

 
			
	 Midtown Acquisitions L.P.

	By: Midtown Acquisitions G.P. LLC
		
	By:	 	 /s/ Tony Yoseloff

		
	Name:	 	 Tony Yoseloff

		
	Its:	 	 Manager

 [Signature Page for Registration Agreement] 

			
	 PCI -FUND, L.L.C.

	 BY: ANCHORAGE CAPITAL GROUP, L.L.C.
 ITS: INVESTMENT MANAGER

		
	By:	 	 /s/ MICHAEL AGLIALORO

		
	Name:	 	 MICHAEL AGLIALORO

		
	Its:	 	 Executive Vice President

 [Signature Page for Registration Agreement] 

			
	 POST AGGRESSIVE CREDIT MASTER FUND, LP

	By: BEACH POINT CAPITAL MANAGEMENT, LP AS INVESTMENT MANAGER
		
	By:	 	 /s/ CARL GOLDSMITH

		
	Name:	 	 CARL GOLDSMITH

		
	Its:	 	 SENIOR PORTFOLIO MANAGER

 [Signature Page for Registration Agreement] 

 
							
	 Red River CLO, Ltd
	 	,
		
	By	 	Highland Capital Management, L.P. As Collateral Manager
		 	By: Strand Advisors, Inc., Its General Partner
			
		 	By:	 	 /s/ Jason Post

			
		 	Name:	 	 Jason Post

		 	Its:	 	 Operations Director

 [Signature Page for Registration Agreement] 

 
							
	 Rockwall CDO II Ltd.
	 	,
		
	By	 	Highland Capital Management, L.P., As Collateral Manager
		 	By: Strand Advisors, Inc., Its General Partner
			
		 	By:	 	 /s/ Jason Post

			
		 	Name:	 	 Jason Post

		 	Its:	 	 Operations Director

 [Signature Page for Registration Agreement] 

 
							
	 Rockwall CDO LTD
	 	,
		
	By	 	Highland Capital Management, L.P., As Collateral Manager
		 	By: Strand Advisors, Inc., Its General Partner
			
		 	By:	 	 /s/ Jason Post

			
		 	Name:	 	 Jason Post

		 	Its:	 	 Operations Director

 [Signature Page for Registration Agreement] 

 
			
	 ROYAL MAIL PENSION PLAN

	By: BEACH POINT CAPITAL MANAGEMENT, LP AS INVESTMENT MANAGER
		
	By:	 	 /s/ CARL GOLDSMITH

		
	Name:	 	 CARL GOLDSMITH

		
	Its:	 	 SENIOR PORTFOLIO MANAGER

 [Signature Page for Registration Agreement] 

 
			
	 Shinnecock CLO 2006-1, LTD.

		
	By:	 	 /s/ JOHN HALL

		
	Name:	 	 JOHN HALL

		
	Its:	 	 AUTHORIZED SIGNATORY

 [Signature Page for Registration Agreement] 

 
							
	 Southfork CLO, Ltd.
	 	,
			
	By	 	Highland Capital Management, L.P., As Collateral Manager	 	
		 	By: Strand Advisors, Inc., Its General Partner	 	
				
		 	By:	 	 /s/ Jason Post
	 	
				
		 	Name:	 	 Jason Post
	 	
		 	Its:	 	 Operations Director
	 	

 [Signature Page for Registration Agreement] 

 
							
	 Stratford CLO, Ltd.
	 	,
			
	By	 	Highland Capital Management, L.P. As Collateral Manager	 	
		 	By: Strand Advisors, Inc., Its General Partner	 	
				
		 	By:	 	 /s/ Jason Post
	 	
				
		 	Name:	 	 Jason Post
	 	
		 	Its:	 	 Operations Director
	 	

 [Signature Page for Registration Agreement] 

					
	THE ROYAL BANK OF SCOTLAND PLC
	By:	 	 RBS Securities Inc., its agent

			
		 	By:	 	 /s/ Suzanne Glossoti

			
		 	Name:	 	 Suzanne Glossoti

			
		 	Its:	 	 Authorized Signatory

 [Signature Page for Registration Agreement] 

					
	 Thracia LLC

	BY:	 	P. Schoenfeld Asset Management
			
		 	By:	 	 /s/ DHANANJAY PAI, CFO

			
		 	Name:	 	 DHANANJAY PAI, CFO

			
		 	Its:	 	  

 [Signature Page for Registration Agreement] 

			
	 VIRGINIA RETIREMENT SYSTEM

	By: BEACH POINT CAPITAL MANAGEMENT, LP AS INVESTMENT MANAGER
		
	By:	 	 /s/ CARL GOLDSMITH

		
	Name:	 	 CARL GOLDSMITH

		
	Its:	 	 SENIOR PORTFOLIO MANAGER

 [Signature Page for Registration Agreement] 

							
	 Westchester CLO, Ltd.
	 	,
			
	By	 	Highland Capital Management, L.P. As Collateral Manager	 	
		 	By: Strand Advisors, Inc., Its General Partner	 	
				
		 	By:	 	 /s/ Jason Post
	 	
				
		 	Name:	 	 Jason Post
	 	
		 	Its:	 	 Operations Director
	 	

 [Signature Page for Registration Agreement]

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